davidaulloa/AmericanStories huggingface dataset:
The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1921-07-23

The Story of
Our States
By JONATHAN BRACE
XVII.-OHIO
Mm TIVE west sG Ter.
!; !; rs: !: !; !; + :: !; ]; ]; !: :
MySeSM entionb be-
~1 tween Spain,
France and England. SPANS
claim was based on the voyage
of De Soto up the Mississippi
river. France, through the ex-
piorations Of La Salle from the
north and the early entry of
!. French priests from Canada,
considered this territory theirs.
AS for England, she rested her
claims on the discovery of North
America by the Cabots, and In
the charter granted to Virginia
included all the country lying
to the West.
The French were the first to
get a foothold in Ohio, but the
English pioneers, who shortly
began to drift westward, firm
ly established their settlements
in the fertile Ohio valley. AZ
ter a long period of warfare,
in which the Indians played a
leading part, the Northwest Ter
ritory was finally coded to the
United States by the Treaty of
independence In 1888. And Vir-
ginia and other states, which
had laid claim to portions of
this region turned over their
rights to the federal govern
ment.
~ 6Oftl llilltilt VI Tic INOIll-
west Territory was formally
created by the ordinance of
1887. People from the East mi
grated into this territory in
such numbers that by 1903 Ohio
was taken into the Union as the
seventeenth state. The fourth
largest state in size of popula-
ton, Ohio has "a electoral votes
for President, while in area,
with its 41,040 square miles, it
ranks only thirty-fifth, which
shows how densely 1t is popu-
lated. 1t Is noted as the state
Of Presidents. President Hard
ing makes the seventh Ohioan
to ill the presidential office.
The name Ohio is derived from
the Iroquois word O-hee-yo,
meaning beautiful river" It
was first applied by the Indi-
ms of the Five Nations to what
we now call the Allegheny riv-
er, one of the chief tributaries
of the Ohio. Gradually the
name came to include the whole
river, sometimes even being APP
piled to the Mississippi. Later
1t was confined to the river be-
tween Pittsburg and Cairo, and
appropriately the first state
formed on it's northern bank
was named after 1t. Ohio Is
often called the Buckeye State
from its large number of horse
chestnut trees.
20 by Mcclure Newspaper syndicate.)
The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1921-07-23
Popular Innovation.

Il hear he's making a great success
of his picture house"
YES, every show starts with this
screen announcement-We1l Admit
You Can Read. You Don't Have to
Prove It.'-Phila. Bulletin.
The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1921-07-23
WHAT NAME?
Answer to last weeks Rebus:
Cutshaw.

The Pleasantville Press comes to you
as an old friend and neighbor, telling
you all the home news while the city
dailies enter your house as a stranger.
The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1921-07-23

The Gossip is u this morning
Spreading The News and a Lot Of
Mean. Suspicious Stuff hat isn't
News nor Truth o Anything but
Gossip. She r~ejoices in the Troubles
of Others, and makes More for Them
with her Poison Tongue. Not all the
Gossips wear Skirts.
New-York tribune., 1921-02-03
Pierce-Arrow Profits Drop
Earnings for Year Equivalent
to 1888 on Common Stock

The depression in the automobile in
dustry during the latter half Of 1920
was reflected in the annual report Of
the PierceArrow Motor Car Companv.
ISSUED yesterday, showing net profits
for the full year of $1,3s7,68 CON
trasted with s3,161,122 in 1919. Afte-
inclusion of other income and allowing
Tor interest charges and Federal take
there was a balance of $1,769,oT4.
equivalent after preferred dividend re-
quirements to 1888 share on 250,O00
shares no par value common stock out
standing. This compared with S675
share earned in 1919.
George w. Mixter, president, pointed
out In this company's report that bust.
ness during the first six months of
1920 was active, making operating corr
dltions difficult, but that In the last
half there was marked reduction in
the demand for both cars and trucks
During that period substantial re-
arrangement of the plant, to provide
improved manufacturing conditions.
was accomplished.
MIR. Mixter said that S567, ,676 had
been charged against reserves for de-
probation, while $693,914 had been
charged against reserves for deprec:a-
tlon previously established, leaving the
depreciation reserve at the end Of the
year $126,237 less than as of December
81, 1919. The book value of the COM
mon stock as disclosed by the COM
pany's December 81, 1920. balance
sheet was $39.49 q share.
New-York tribune., 1921-02-03
Argentine Wheat
Rally Reflected in
Advance Here
Active Covering Sends Up
Prices S Gents at One
Time, but Selling Causes
Reaction; Corn Firm

CHICAGO, Feb. 2.Belief that for at
least the time being all bearish condi-
tions had been discounted led to
material upturns to-day in the price of
wheat. Closing prices, although unset
tied, were 11sc to SAC net higher with
March $156% to $1.57, and May $1.4eh
to S1.46M.
Corn gained ssc to &c, oats hc to
ss@Nc, and provisions 10c to 25c.
Builish traders in wheat made much OF
assertions that rallies were overdue on ac-
count of recent big dealings. and that Inn
mediate opportunities FOR profit on the sell
ing side were limited. ]. was also con-
tended that the chief question was e. -. sn-.
I'm regnrd TO competition from Atp9iis.na
thar whether the United states etlerhihie
surplus had already been dispoged -,
One expert attracted consderabis notice
by an elaborate statement pUrp5rHGS TO
show that the United States rersF over
would be only 16000.000 busheis'sf not
arother bushei were sold for export the
next Ave months Something of setback
the end of the session owing to deniai or
gossip that the proposed Argentine super
tax on exports had been fixed at 141a
cents bushel.
Corn and oats were strengthened by the
falling off in the volume of receipts Sot
corn and by talk that the country was not
ceiling.
New-York tribune., 1921-02-03
Cotton Receivers
After Early Drop
In Quiet Trading
Mixed Sentiment Resulting
From Market Develop
nnents Restricts Interest;
No Demand for Export
Room

The cotton market was nervous and
irregular again yesterday but early
declines were followed bv rallies, with
May contracts selling up from 1890
to 1432c. and closing AT 14.17c, or 6
points above Tuesdays final quotation.
Business WIS generally quiet. and
local brokers were more inclined to at
tribute the advance to covering of
shorts after recent declines than to
any special news feature or broadening
of buying interest. March was rela-
lively easy during the entire day, ow-
ing to rurors that, in addition to re-
tenders of cotton taken UP during jan
uary, considerable was to be brought
here from the South for delivery on
the early spring position.
The report mentioned 10000 bales in
this connection. and 1t was said that the
cotton was being shipped to one of the
firms which had been prominent In taking
up cotton on January contracts. Accord
ing to ocean freight brokers, no demand
has yet developed for cotton room ont Of
New York, and IL yesterdays reports con-
cerning additional shipments here from
the South are correct 1t would look as
though March tenders might be consider
ably heavier than those OF January. The
prospect brought out no special or heavy
March liquidation, but that month closed
at net decline OF point, while later de-
liveries were very steady at net ad-
vance of to 32 points.
Southern spot markets as officially re-
ported Were unchanged to 100 points
Southwest being unchanged. with mid
ding quotations ranging from 12.45c to
lac.
The local market for spot cotton was
quiet and unchanged at 14.15c for mid
ding No sales were reported.
The range of prices:
New-York tribune., 1921-02-03
Pig Iron Output
Declines 100000
Tons lin j January
Steel Production Also Fell
OFF, Though Not So Much
Operating Situation in
Trade Is Little Changed

Not since May, 1915, has SO little pig
iron been made, with the exception of
the strike" months of May, June and
October, 1919, as in January, accord
ing to figures presented to-day by The
iron Age. Output fell off Approximately
100000 tons from figures of December,
indicating that steel production de-
ciined, though perhaps less.
Total pig iron production for thecoun-
try was 2,405,845 tons, or 77,478 tons
day, against 2,703,855 tons in Decem-
ber, an average of 87,222 tons q day.
"The operating situation at steel
works and rolling mills is little
changed" says The Iron Age. "lnde-
pendent rail mills are not running as
well as was expected, and the increase
of operations in other lines is spas
at Detroit has not been greatly felt
at the mills, as factory stocks will
suffice for a while.
"On the basis of numbers of trans
actions, it is now clear that on a de-
sirable specification no difficulty would
be met in getting plates at 2.50 cents
Pittsburgh. However, on the Navy De-
partment inquiry for 5000 tons OF
plates and shapes for battle cruisers
the bids of five companies were based
on the usual 2,65 cents Pittsburgh for
tank plates and 245 cents for shapes.
With new business as scarce as 1t Is
price cutting is surprisingly small.
''The Steel Corporations sheet mills
posted notice of a 10 per cent wage
reduction, February j, whereas union
sheet mills, on the last settlement, got
a 1914 per cent reduction January l.
The cornoration has generally paid
sheet workers slightly more than the
union scale rates. Apart from this
scale adjustment, the Steel Corpora
ton has made no wage reduction.
"High wages demanded by common
labor have an unfavorable influence on
the cast iron pipe market and munich
palities continue to hold up orders.
Detroit, which recently rejected bids
because they were considered too high,
will soon be in the market for large
tonnage, which ultimately will amount
+a 20 00Q
New-York tribune., 1921-02-03
Financial Tfer,,s

Alfred c. Robjent has resigned az ssIaa
manager with Kelley, Dravton & Co. to
become te a partner In the nev firm of Por-
Ter. Hobjent & Co, which has been formed
10 transact general investment business
WITH Offices at 81 Exchange Place. New
YORK and zoo Devonshire Street. Boston.
The Guaranty TruGt Company of New
YORK mas been appointed trustee gnder a
trust agreement, dated January l. 1921
securing an authorized issue OF sf5 600 q ee
par value Barnsdall Corporation sinkfnr
iuna convertible gold bonds dive Janu-
uarx /, 1881.
d,Ia Karl Eilers; former vice-president and
director of the American Smelling ana
hehning Company. has cent a sec4---.i lettsr
TO stockholders asking for nrez .Ta
annual meeting TO effect a G.
Guggenheim management
Arrangements have bee -....
chase through the Centr-. ena,
company of New York, at par ana accr,,s,i
interest TO February I. .Peoria q. Pekir,
Union Railway Company first mort ga
ana income or second mortgage bonds diie
FEBRUARY l, which have not heretoforn
been deposited for~extension in accordanco
witn the circular letter OF the railway
company dated December 2. 1920. ths
privilege TO deposit bonds for such exten
SION having expired December go fe2a
Inese bonds should be presented at m.
oIhce or the Central Union Trust Company
OF New York.
New-York tribune., 1921-02-03
Banks to Get 10 Million
u. S. Loan to Export Milk
War Finance Corporation An
nounces Preliminary Approval
of the Project

WASHINGTON, Feb. Preliminary
approval of a loan of s1o,0oo,oo0 to a
group of American banks to finance the
expectation of condensed milk ard
similar products to Great Britain and
Europe was announced to-day by the
War Finance Corporation, This is the
first application for loan approved
bg the corporation since it's revival
last month. The milk products, it was
said, would come from the Eastern
anc Middle Western states.
Announcement of bond issue would
be made shortly, officials of the corpo-
ration said, and work had already be-
gun upon the details for raising the
necessary funds for making advances
to finance exports.
While preliminary approval had been
given for the loan to the banks, war
finance officials explained it would be
some time before the applicants pro-
posal was in such shape as to be laid
before the corporation for final ac-
ton. Meanwhile the corporation is
considering bond issue, but definite
determination must await more definite
information as to the needs to be met.
New-York tribune., 1921-02-03
Demands Absolute Safety for $4,000

Question: have si2,oo0 that would
like to invest in high grade bonds. AS /
must g, obtain my living from the income
Of this money cannot afford to take the
siightest risk. During these times Of un
certainty am quite skeptical about in
yesting the same, but / will depend en-
tirely on your kind information. Or do
you think that perhaps 1t would be safer
IN first mortgages on real estate? j am
not looking fer a high yield or specula-
ton, Absolute safety is what ! am look
ing for.--O. M.
Answer--In the first place we should
purchase about $4,000 of Liberty bonds,
the second or the fourth issue. The
remainder could be divided as follows:
$4,000 st. Paul general 4 per cent,
1899; $4,000 Montana Power first s
per cent, 1913; $4,000 Chesapeake g.
Ohio general AZ per cent, 1892, and
$1,000 American Agricultural Chemi-
cal first and refunding 71a per cent,
1941 (new issuel. This would give
you an income of approximately per
cent. All the bonds are sound and
enjoy active markets.
New-York tribune., 1921-02-03
Two Investments for woman,s $500

Question--Wili you kindly inform me
what you would consider safe Investments
for a seif-supporting woman having ST 200
in the savings bank and who wishes to
realize as much as possible with safety on
it? | thought possibly two investments
Of $500 each would be better than one at
$1,000, 50 as not to have all my eggs in
ready have an amount in Liberty bonds
and $500 in Pennsylvania Railroad stock.
Would you. advise me to hold my Pennsyl-
form me of reliable people who would in
vest vest my money for me- ] /, have q small
Bank and they bought Liberty bonds and
Pennsylvania Railroad stock for me.
Please inform me If it is customary and
business for me?-Miss f. j, B.
Answer-The Pennsylvania Railroad
is splendid property, and it has a
long dividend record. But the stock
is somewhat speculative, because it is
sensitive to earnings and other de-
velopments, and it remains to be seen
how the carriers will react to the new
rates, legislation and wages. Business
is poor just now. We cannot advise
you whether to sell your Pennsylvania,
because we do not know how much
you paid for it and how much risk
you can afford to take. For your ST 900
we suggest that you buy $1,000 st.
Louls-San Francisco prior lien per
cent, Series A, 1850, which will cost
about $500 and yield you about 7.25
per cent, and ten shares American Bank
Note preferred stock (par $500. Cost
about S435 and yield Z per cent. 1t is
perfectly all right to ask your bank
to buy securities for YOU The bank,
however, acts through a broker, and
you might just as well have your own
broker. Members of the New York
Stock Exchange who advertise in The
Tribune will handle your account for
YOU
New-York tribune., 1921-02-03
Bonds
Boston Curb
Chicago

Sales, Open High. Low fast
100 Am Radiator 70 30 20 10
i2s Armour LeGth tai 12a l2ss l2Eg
ASo Arnear pf.... s2A 9aA 9za saxa
New-York tribune., 1921-02-03
Switching From Pennsylvania

:, Question: have about ninety shares OF
ago around 55 Would you advise INV sell
ing ing, al or part and buying United King
dom b1s. 9SI, at SO; Westinghouse Elec-
trte. and Manufacturing rs, at 81; ST.
ltouls-san Francisco prior lien As 1850
at 5S? Could / cash United Kingdoul
coupons in New York banks without
trouble or loss. and are the latter, West
inghouse and Frisco. safer and stronger
than the Pennsylvania, where their COM
mon stock is SO low 4. G. b.
Answer You would improve YOUR in
yestrnent position, in our opinion, by
changing from Pennsylvania Railroad
stock to any of the three securities YOU
name, United Kingdom 51s per cent
bonds, 1887, are payable ia United
States money; therefore, the value Of
the coupons does not change. AS both
Westinghouse 7 per cent bonds and
st. Louis & San Francisco bonds are
obligations of the two companies they
are entitled to better investment rat
ings than Pennsylvania stocks.
New-York tribune., 1921-02-03
MADISON RIVER POWER 6,o,InaNv-

The Madison River Power Comnanv
pursuant to the terms of its First Eor;;
gage datsd February |, 1906, has deposit
Hereunder. the sum of s45,I7osS as ns see
inent into the Sinking Fund mentioned
tneeein. Proposals for the sale of bonds
s..t ssulncient TO absorb such sum are hereby
laNtsed at price not to exceed 1o5 per
cent and accrued interest All pronossIs
setung forth the serial numbers of tbs
ZONES a,onds onered, must be in securely scaled
ana marked Madison River Power Com
pany lot,rs Proposals for Sinking Fund" and
must be delivered at the Office of the mn
dersigned SO Cedar Street, New yarL
City, prior to IL O'Clock noon FEB. II
1921. The right is reserved to reject any
application deemed by the undersigned NOT
to have been made in good faith or a.
accordance with the above 80
UNITED STATES MORTGAGE &. TEIrsT
COMPANY.
BY CALVERT BREWER. vice-Presiden,
New-York tribune., 1921-02-03
Securities at Auction

For Account of Executors:
10 shares Norfolk &C Western Ry. Co.. pf.,
10 Fi shares ' Gtchisop. lii Topeka & santa Fs
Ry. Co, pf.. s100 each, share. ....... SIS
81 shares Southern Ry. Co. pf. 500 each,
80 shares Baltimore & Ohio r. r. Co.
..pf., 500 each. share :. S499s
com, 500 each. share. $33H
80 shares Pennsylvania r. R. Co, share,
90 shares Atlantic National Bank, 500
each, share ............ ........: .s220
10 shares Central Bank of Westchester
County, White Plains, N. Y, 500 each,
2s shares brooklyn Union Gas Co, 500
shares crex Carpet Co. $ioo each share, are
shares International Salt Co.. 500 each,
shares Pacific Coast Co., com. 500 each.
so shares Manhattan Transit Co.. $50 each, sip
10 shares Detroit Toledo & 1ronton Rr Rso
Co., 1st pf,, Sf0e each; shares Detroit.
Toledo & lronton Ry Co., I'd pf., 500
12 shares National Bank of North Amer sIs
lca, 209o paid in liq., 500 each. lot. $40
"a shares Fidelity Phenix Insurance Co.
$1,000 Peoria Water Works prior lien 81 5gS
due 194S ~ 'o-'uS 20
$4,000 Toledo, Peoria s. western Rv, c..
1st sHtse- $50 ponds, Farmers Loan &,
Trust &C. eff. of deposit .....,,".31
~ shares Suburban Land & Investment Co.
10 .bs shares Knox Hat Co. Inc. "a pf.' p
snare .t..,,....... ....SI4
% sbsna shares Hale & Kilburn corpn. pf pf.,
$500 Hale & Kiibufn corpn e.. .;;sl4 notas
ID due g, July |. 1922. to July, 1881 "a
lSis % shares Van Brunt st. and Erie Basin
10 shares Port Morris Land d Improvement
Il
80 shares Central r. r. of New JERSEY sSo
81 osas shares s. e. & w. Holding corpn., sioo q
Sz1,go9 lf4,000l Argentine Government 5eo
oohas OF 1909. not listed ........6i 81
SoV shares The Hawthorne Co., pf, lot SIS
90 shaFe5 The Hawthorne Co. com lot ST
~ III shares The Hawthorne Co, com, lot 81
aoo snafes The Baltimore Process Co 500
500 shares City Investing CO., com, share,
90 o.a1s shares Pacific Development corpn.. $50
49I shares american Exchange Natianai 4
- sank. $500 each, share $40
fV ps, snases :, elrard Trust Co., philadelphia
10 y, %iop each, share sTSs
- shares Bank OF America, s1oo earb
on a - - 5.,..,,.......... SIas
~ shares Hanover National Bank. si9o
NNN'h' s''dl e .t..s. ....... s7qE
New-York tribune., 1921-02-03
MEETINGS
TO TIE STOCKHOLDERS OF ROGERS
METZGER co INC

TO TIE STOCKHOLDERS OF Roc.Eps.
METzGER CO., INC:
PLEASE TAKE NOTICE that a special
meeting of the stockholders of RogerS
Metzger Co., Inc. VIII be held al ire
office of the Company, 100 Fifth Avennn
Borough of Manhattan City of New Yorl
on on the 10Th day of February 1921. at 10
9Sioek IN the forenoon of that day. ST
WMch meeting resolution will be pre-
sented for the consideration OF the
stockholders to change the name of the
company from the present name which It
now has. that is. ROGERS -AdErZG ER
CO, INC. to the name which il rro
poses to assume. that is, II. L. ROGERS
pated New York January -. 1921
HARRY l.. ROGERS
President.
GERALD 9osEMHEIM.
New-York tribune., 1921-02-03
Butter, Cheese and Eggs

Creamery, higher than extras, ib., 4s1s O.
4sc; extras, 80 score, 4sc; hrsts. 90 to 81
lower grades, a3@35c; unsalted, higher
than extras, 61@511sc: extras, 5oQy50iac;
frsts, 42@ 49c; seconds, .36@41c; held or
44@45c; frsts. 4o@43c; seconds, so 03ec
lower grades. 28@31c; Danish casks, fresh,
~ "a 4Sc; state dairy tubs, finest, $50
fair so@aac; ladies', current make, irsts,
S9@30c; seconds 25c; lower grades, % @
24c; packing stock. current make, No. /,
2ala @25c; No. 2. 231a @24c; lower grades,
sss whole t hea Msre carly ss made as
specials. lb.. 271s @2sc; fall made, 9s@27c;
aSsrags as a sc run sa@2Sc fresh specials
grades, l5@ zoe; twins held specials. 26 VI
@38hc; average run. 24@25hc; Wisconsin.
held fats, 26 @2sc; held twins, 26@27c;
Daisies, held, 251s @S7c; young Aesp Il o5
held, 2SAa 029c; fresh, 2s@2Shc: skins,
held specials, 17K GD2oc; prime to choice.
lb@17hc; fair to good, 12@1413c; lower
Eggs--Receipts were 17,1s7 cases. Fresh
gathered. extras, dozen. soc; extra frsts.
sc; sc. frsts' 66Q51e; seconds. 64@55c; /;
choice, dry. 47@ 4sc; refrigerator fair to
good, 4S@51c: state. Pennsylvania and
nearby Western hennery whites, extras.
500 61c:, ezra firsts. 59@60c; frsts, 570
o. @ 6oc; undergrades. 54@56c; pullets, 81
"a $780, Pacific Coast white extras 60@61c:
extra firsts, 59@Soc; firsts 57@5Sc; under
grade grades wss; &c; pullets, USUAL size, 6o@62c;
whites, 67@bSc; state. Pennsylvania and
nearby Western hennery browns, extra,
o0c: gathered brown and mixed coIors
graded, sI extras 69c; frsts to extra firsts,
New-York tribune., 1921-02-03
Security Of Public Service Issues

Question: own four per cent general
mortgage nor bonds and three three..year per
Corporation of New Jersey. Both notes
and bonds have declined considerably since
bought. win you please tell me in what
manner these securities are secured? II
secured by collateral what Is the nature of
this collateral and also what Is its present
value? Please give me your honest opinion
(no matter how unpleasant to me to hear)
OF these securities. Would you sell them
and buy Manhattan Elevated Railroad 4
per cent bonds in their place. or would YOU
holdstnen1 to naturtty?--C. S. .
Answer--Public Service Corporation
of New Jersey per cent bonds, 1859,
are secured by mortgage on all the
property, franchises, leaseholds, etc,
subject to $19,130,00o perpetual certifi-
Gates; also first lien on $16,639, 1866
bonds of subsidiary companies, $44,73O,-
600 par value stocks of subsidiary COM
panles. The 7 per cent notes are Sc
cured by pledge Of $13,941, 900 of these
general per cent bonds and $5000,000
stock of the Public Service Electric
Company. 1t is difficult to determine
the value of this collateral, because
most OF the issues are uncurrent. Most
public utility corporations have had
hard time of it, but it would appear that
those which have weathered the storm
should be able to show improvement in
the future. The Public Service Cor
poration has been able to get increases
in various rates, and it is our opinion
that the company will show increased
earnings, particularly as operating
costs are showing signs of coming
down. Naturally, there is uncertainty
regarding the manner in which the
notes will be financed at maturity.
Therefore, they are not entitled to a
very good rating. However, we are of
the opinion that this matter will be
arranged satisfactorily. This, of course,
is but an opinion. Manhattan per
cent bonds are entitled to better
rating, as you probably know, and if
you do not care to speculate upon
the matter, the change is advisable.