davidaulloa/AmericanStories huggingface dataset:
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-12-01
E0dSQiii9{|

Never before In the history Of st.
Patrick's church did they ever do so
we'll with any kind of a bazaar, as
with the Spanish Fair which came
to a close after running for three
days last night. The crowd at the
closing performance was equally as
good as on Tuesday night. when 1850
people crowded into the hall, The
jam became so great that people were
unable to make their way into the
room. Absolutely everything on sale
In the booths was disposed of before
the final curtain was rung down. Or
chestra music was started for dancing
at 10 o'clock and continued until
1880, when the bazaar came to a
close. A very large number of peo.
pie were on hand at the closing Of the
fair.
The ladies' OF the First Methodist
church will hold their annual bazaar
Saturday, Dec. 3. at the church. A
cafeteria supper will be held In con-
nection with the bazaar. The sup
the ladies' will continue serving un.
til all those desiring supper have
been taken care Of A number of
very beautiful articles have been
made by the women in charge of the
sale. There will be aprons, dresser
scarfs, children's clothing, beads, GEN.
terpiece cases and numerous other
articles.
The entertainment committees of
Ottawa lodge, No. IL, |. o. o. F., and
Florence Rebekah lodge No. 1, will
hold card, bunco and dancing party
on Friday night, Dec. 2, at the Odd
Fellows hall. Cards and bunco will
be played from to O'clock and or.
chestra music will be furnished for
dancing from 8 o'clock until midnight.
All members and friends OF the or
ganization have been invited to at |
tend.
The December meeting of the |
Daughters OF the American Reyolu. |
tion was held this afternoon at the |
home Of Mrs. l. I. Hanna in Highland |
place. There was good sized at |
tendance. Mrs. Charles Brenn de.
livered a very interesting lecture on
THE James River and Richmond"
AT the close of the afternoon tea was
served by the hostess
The joint meeting of the Ladies' |
and the Woman's Missionary socie.
ties OF the First Methodist church,
which was to have been held tomor-
row, has been postponed until Fri.
day, Dec. 8, on account OF the an
nual bazaar which will be held on
Saturday. Dec. 3, at the church.
1, . -
A large number OF ladies' attended H
the meeting of the Ladies' auxiliary II
OF the First Congregational church L
at noon today at the church. Mrs. A. |
d. Gilman and Mrs. George Wiley
acted as hostesses. The afternoon
was spent sewing on articles for the
bazaar next week.
The annual apron sale OF the First
baptlst church will be held this after
noon and tonight at the church. A
chicken pie supper will be served at
$3.50 o'clock by the men of the church.
The general public has been extended II
! cordial invitation to attend.
! q, !!
The members of the Kiwanis club
will hold dinner at IL o'clock to-
morrow at the New American restaur.
ant. This will be the second meet
ng OF the newly formed organization
has held. Dinner will be served at 12
o'clock.
q, &, q
Miss Bertha Lanter will entertain
sixteen guests at bunco party tomor.
row night at her home on West Madi.
son street
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-12-01
Reddick'.s
Library
Matters

Real Mother Goose, illus, by Blanch
Fisher Wright.
Little Mother Goose, Illus, by Jes'
sic Wilcox Smith.
boutet de Monvel, Joan of Arc, n
marvellous set of pictures showing
HE OF the period of the heroic maid
Of France.
Famous Classics.
Aesop's Fables for Children, Illus.
by Milo Winter.
Carrick, Nalery, picture tales from
the Russian, humorous fairy tales, H.
lus by droll, clever pictures in black
and white.
Holbrook, Florence, book of nature
myths, from the folklore of primitive
races, stories tell why the rabbit is
timid, why the fox's tail has a white
tip, etc.
Kipling, Rudyard just so stories
how the camel got his hump, how the
whale got his tiny throat and other
nonsense animal stories.
Lorenzirl, Carlo adventures of
Plnnochlo, an Italian classic about a
mischievous little wooden boy who
became real.
Arabian nights, illus. by Milo Win.
ter the Arabian nights has done more
than libraries of travel books" to
bring the atmosphere of the orient
to western people
Stories of Animals and Outdoors.
Burgess, T. w, Burgess Bird Book
for children, very fine Illus.
Burgess Animal Book for children.
This tells children about the four.
footed beasts as the Burgess Bird
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-12-01
The Winner.

A slot machine with the mysterious
unknown contents of grab bag would
get the most nIckels.
Free trader-journal and Ottawa fair dealer. (Ottawa, Ill.) 1920-1927, 1921-12-01

Life az See t.
Don't fuss with your neighbors about
q few shortcomings. know very
distinguished man who says "et" for
tate '-I.ouisville Courier journal,
New-York tribune., 1921-03-20
Unfinished Cottons
Make Big Advance
More Bids by Converters and
Printers Stiffens Market
IE Pcrcepfibly

Most cotton goods brokers 1t The
i close Of business yesterday felt that
the turn had come in the rray or mn.
I finished goods market. Sellers were
hold1nE their goods frua at about IN
efghth-cent advance over their prices
s5of Friday. Some Of the biggest opera
tors Ia the business; that Is. printers
and converters, put IN large bids on
Friday and yesterday ct prices gener-
ally s1iehtly below the market. Il was
tAported that some lots Of $3.50, 1914
inch print cloths wers sold on Friday
for 8 cents BY secondhand holders,
and for s 1-16 and & 1s2 BY few first
hands. Yesterday it was impossible
to obtain goods for less than 63z cents,
according to brokers.
It has been felt for some time thst
the large users of gray goods have
been waiting for the market to drag
hottonn. It IL understood that goods
are needed n many quarters and that
the majority Of buyefs are in fnan-
nial position "a undertake fairly large
commitments. The refusal OF most
mills to meet the lowest market price
tad to the be1isf that goods could not
Re turned out ct thst level, and indi-
ested that the hostom had been
: - ssa.af..
New-York tribune., 1921-03-20
Capitalisi,,g Surplus

Probably the most significant ruling
made by the COMMISSIONS ruling in
dorsed by eight out of the nine com
mlssioners-fs that stock dividends
may properly be. issued to stockholders
to represent accumulated surplus This
corporation, by reason of sound man
agement and a conservative dividend
distribution policy, had accumulated q
surplus considerably in excess of $780,
00O,00O. 1t was scontended by objectors
to the Burlington's application that a
pubic service corporation had no right
to declare dividends from invested
surplus which had Keen acquired from
earnings during a period when the
stockholders were receiving regularly
falrf dividend on the outstanding
stock. But the commission very prom
erly points out that there is no proof
That this income resulted from excess
sive rates; that during the period in
question rates were under control bv
both state and interstate authorities.
and that the rates were substantially
the same as on competing lines; nor
was there any proof that the total re-
turn on the fair value of the property
was excessive.
1t likewise finds that the present
financial structure Of the Burlington.
consisting OF $110,O00,000 of stock and
sl74,Ooo,0OO OF bonds. and book sur
plus OF nearly $220,000,000, is obsolete
and inadequate and that a new form
of mortgage and a new stock base are
necessary to meet the investment
statutes Of the various states.
What the commission seems to sav
on the question of surplus is this: The
public has taken control Of the rate
making function and has through it's
agents, the state and Federal commits
sions, prescribed maximum reasonable
rates. Whatever net return is derived
from these rates is the property of
New-York tribune., 1921-03-20
Figures Shed Lighf

Better to understand the recent prog
ress toward more satisfactory reve-
nue. bssis for utilities, it is necessary
only to glance at few figures from
late income statements. The Utah
Power and Light Company, controlled
by the Utah Securities Corporation,
showed an increase in December in net
earnings, after expenses and taxes, of
2T per cent over the same month in
1919, while the balance after interest
payments and other deductions in
creased 46 per cent for the month.
: For the year che company showed
an increase In net earnings over 1919
Of IL per cent, indicating that improve
ment in late months of the year went
far toward preventing deficit. The
balance at the end Of 1920, however,
showed an increase Of so per cent over
that Of 1919.
The same trend was sdiscernible in
the reporc Of the Idaho Power Com
pany, which showed an increase in net
earnings in December Of 81 per cent
over the same month Of 1919, and an
increase in the balance for 1920 over
that Of 1919 of 62 per cent. An in
teresting feature of the report is the
fact that operating expenses, which
have shown great increases from
month to month, advanced only 4 per
cent in December. The gain for the
year over 1919 was only 18 per cent.
When a. decrease in operating ex-
penscs can be shown--as will be the
case soon-the return to normalcy will
be more ranid
New-York tribune., 1921-03-20
Wrong System

Curiously enough, the establishment
Of uniform working conditions and
agreements forces on railroad mana
gers Just this type Of management. II
superintendent can use his ingenuity.
his personal magnetism and the conf
dence which the men have in him to
get work done in ths least expensive
way, and il this condition is general
over = whole railroad, ton mile cost il
lower on that railroad than it Is on q
competitor with absentee landlord man
agement, working In the same territory
and with the Same physical character
istics. unifoxm working conditions
and agreements make individual. re-
sponsible management Of q division an
utter impossibiiity The alternative ia
management /by ordsTs from head
quarters to Cut forces 26 to as Der
cent to'meet : drop Ia tra6ie. Ii mesns
that the most worthless Stacker. if "a
happens to hare been taken 81 : year
hefoxe under some temporary preg-
sure Of work, be retained. white
man taken on when conditions vera
such that the trsinnaster or superin-
tendent hsd choice Of rood men and
picked paxticulaxiy wall Atted ono
TOR the Job. must " tAluWn outs
New-York tribune., 1921-03-20
Southern Pacific Plan

POSSIBLY the best example Of the sue
cesful working out Of the old system
was the Hartman lines, especially th.
Southern Pacific. The Ell Paso Divi
SION, for instance, of the Southern
Facifac Is more than 500 miles long. q
considerable portion of its total mile.
age IS through territory where labor is
scarce and independent, where. if .
gralnman IS fired, the chances are that
ne will be the only applicant for the
vacancy so caused that will turn ur 81
two weeks. Notwithstanding the Va.
riety of conditions which are found on
3 system Of railroads running from New
Orleans to Los Angeles and from Los
Angeles to Portland, Ore, uniformity q
standards, with individual local respon-
slbllity and authority, were combined or
the Southern Pacific to form an organ.
ration marvelously effective in bro.
ducing transportation.
Under the management Of Julius
AruttSchnitt an army Of men compara-
bic in size to the United States Armv
IN peace times carried on their duties
and labors economically, happily and
according to the most highly developed
scientific principles Of raiircading. The
Sout4ern Pacific's system Of statistical
reports WAS better than the great ma
Jority OF American railroad reports and
served to- keep the executive officers
well informed as to the results bcins
obtained on each division, but they had
the same limitation that all supervision
by means OF statistics has, namely, they
record history, and could not give an
eye-witness picture Of conditions in the
present. The most important element
in the Southern Pacific organixation iav
in the quality of the men that held the
position of division superintendent.
This was, of course, the result Of the
Judgment OF the management ia making
promotions.
The system differed from that Of
roads that were less successful in that
the superintendent not only was held
responsible for all the mistakes that
were made on his division, but he was
glven authority to manage his division.
Thus if he were the right man he could
avoid mistakes instead Of having to ex-
plain them.
It may be said rs pertinent to the
present discussion that the Southern
tacanc !. was one of the roads that paid
It's superintendent high enough sal
a.ry TO attract men with marked execu-
I've aplilty, but salary was, the writer
pelleves, not the most important ele-
ment in the quite unsual average ab;i-
ity Of Southern Pacific division snperin- ,
tendents. The military type Of oreani-
zation, the necessity Of independent
immediate action involving iarTe sums
OF money and often lives Of passengers
or employees called to the type Of man
capable Of masking these decisions. The
attitude of the management toward
ITS superintendents is hard TO describe.
but Is easily recognizable. It is. the
kind OF esprit de corps that one OBJ.
serves in an army Of high morale.
The worst evil Of tho old system of
railroad management was tho develop
ment, as railroad systems got larger
ana larger. OF an absentee landlord
which deprived the man
on the ground OF authority, which de-
humanized the superintendent's deal
ings with the employees on the divi-l
New-York tribune., 1921-03-20
Phases Of the Nations Tangled Transportation Probe
Executive Confident Of Final Solution
BY Alfred H. Smith
President, New Yorc Central

Railroads the conditions that
apply all dminuon Of hirh costs
after the Gradually and saney all
understanding the situation will clear and the railroad
normal basis.
The transportation itself win prove itself
The business has perhaps greater
and has therefore difficulties unusual steps have
had to be taken to them. Material will ad
themselves to the conditions following Railroads will
ents rates Of freight will will permit
nope we may reach early solution permit
force and allow facilities ia eir
strength that railroads will be ready traffic
expeditously as business revives, which it will. =
New-York tribune., 1921-03-20
Liquidate u. S. Goods
In Argentina

Liquidation of American goods
shipped to Buenos Ayres last year and
refused by consignees when the prices
slumped is being carried on by the re-
Gently formed American Dry Goods
Agents. Association of Buenos Ayres
through series Of auctions. Six Of
these salea already have bene held, ac-
cording to cablegrams received from
the Chamber Of Commerce Of the
United States in Argentina and prices
obtained have ranged slightly less than
90 per cent Of the New York lists at
New-York tribune., 1921-03-20
4. c. C.. as Bullunrk
Against Bad Finance
Burlington Decision Serves to En-
phasize Purpose of Government
Regulation of Plans
By Frank Haigh Dixon

Professor Of Economics, Princeton Umvcrstv
ME new responsibility the commits
sion by the transportation act Of 1920 had
advocated by students the itself
congress mas the entire distance
necessary authority No
interstate without
though such permitted by
porat1on And the commission shall authorize for
lawful compatible with reasonably
impair the ability of the carrier perform
New-York tribune., 1921-03-20
Gon.pers Says Roads Are Maneuaering
10 Make Wage Cuts appear Justified

Samuel Goper president Of the of Labor
Issued ttas statement on the railroad situation:
THE railroad officials constantly maneuverng makes
it difficult at this time any know Of the
large numbers of discharged
points locomotives without inspection operation made
difficult and dangerous And all this with
tne public an dthe wage board with the justification of the
contention for the reduction upon they are
New-York tribune., 1921-03-20
Change Is Resisted

Change Is Resisted
1t tended to put railroad workers Of
. par with the same class of workers
in other industries. BY raising ths
scale Of living Of the stetion agent, the
clerk, the shop employee In short,
the nonsbrsthefhood railway men il
took away from the brotherhood mer
their class distinction. And inciden-
tally, but Of equal Importance, It's ef-
feet when combined With the Hnific&-
ton Of working conditions and the en-
forcement Of seniority rules WAS te
. substitute = money paymer<: for the
old intangible incentive which lay, 81
the basis of RAILROAD work as distin-
guished from any other great Ameri-
can industry. It might Be mentioned
that the hrotherhoods were not slow
in resstablishing their wage superiority
which was theirs by right Of ability
to fight.
Supervision in railroad work is more
difficult than supervision in almost any
other industrial undertaking. The
United States Steel Corporation with
its great army Of employees is only .
federation of separate plants. held to-
gether by common financial structure
and = common policy, but essentially
q group Of separate units where each
unit is under local management which
can impose as dctailed and particular
lied supervision ss it secs fit and as
conditions warrant. Each plant is con-
centrated within 4 comparatively small
radius of ground. A superintendent in
q couple Of hours, or at most half 9
day. can go over his entire plant.
In railroad work the nearest that
you Can get to unit supervision is the
division, which on Western road may
be from 800 to 500 miles long. and on
an Eastern road hundred miles long,
but with four tracks worked to capsc-
ity "a hours day, and with 75 to
100 engine crews attached thereto. The
quantity and quality Of the work,
therefore, which the great majority Of
railroad employees do. is dependent
more on their own disposition to work
than on any direct supervision which
the superintendent can impose.
Systems Of checking employees and
officers work have been tried time out
Of number on American railroads, and
the experiments have nine times out Of
ten developed into a clumsy. topheavy
system, in which the object Of the
reports and checks was lost sight of
in the cumbersomeness Of the details
OF making the reports and checks.
New-York tribune., 1921-03-20
BY William r. White
nor the first time in years black
y figures are replacing red IN

1>OS tuS uISt Ll1nc al years Dl8Ck
figures are replacing red IN
the net earnings column on
balance sheets Of many hard pressed
public utilities. Relief afforded By
decreased operating expenses has
been more heartily welcome by no
other class Of industry.
The strain under which even the
most prosperous public utilities opsr-
ated In the four years Of steadily
climbing prices and wages was one
which will long be remembered by
those who strove INCREASINGLY TO over
come the obstacles.
Signs OF increased earning capacity
OF many important public utilities,
especially in the field Of power and
light, have been seen lately, and many
observers are inclined to believe that
this class Of industry win have, in
1921. its first really successful year
since 1916. Factors giving basis for
this belief are:
1. Lower commodity prices, which
indicate decreasing rather than IN
creasing operating expenses.
2. Increased efficiency of labor,
effecting greater return with smaller
working forces.
3. An easier trend in money rates
at least stop on the ever ascending
rates recently noted.
4. Some indications that the public
is now more interested in whether
public utilities sink or swim.
5. The fact that electric companies
connected in the stress Of wartime
4
business which probably will be per-
manent
New-York tribune., 1921-03-20
Reap Osvn Re,Uard

II we projected an 1nCerurDan rall-
way many years ago." said Mr.. Nc
Millin, expecting the enterprise to be
a huge success because Of the business
it would rob from steam railroad,
why should we now blame the public
for the failure of proposition con-
ceived in sin in the beginning?
IF our predecessors in past years
were tlictatorial and arrogant in the
heyday Of their prosperity, why should
we now be astonished if the public
does not seem to be particularly SYM
pathetic toward our troubles?
Most Of us have given too little
thought to cultivating the closer ac-
quaintance and the friendly goodwill
Of our customers Wera we lulled to
sleep by the feeling that we were in
iispensable? We must not overlook
the fact that the public is indispensa-
BILE, too"
Leading public utility managements,
therefore, have been giving more atten-
tion lately to implanting these ele-
mentary ideas in the. public mind: Pub
lie utilities do actually represent a ne
cessity; they do not and can not make
unreasonable profits; corporation is
not necessarily financial octopus.
In the era of high money rates many
utilities have gone to their customers
to sell their securities, attempting at
the same time to interest them in the,
company which serves them. Ventures
along this line are becoming common,
bcnefiting producer and consumer, but
the plan has not proved as successful
as hoped. It needs more time.
New-York tribune., 1921-03-20
Bonds the Obstucle

The majority Of the commission finds
justification for the stock issue in the
creation Of broader stock base for fu-
ture financing, and is willing to allow
(continusd On next pass,
New-York tribune., 1921-03-20

Ihese are broad principles within
which the commission must build up 8
procedure to meet the varying circum.
stances Of the different cases. 1t is
a splendid opportunity for q work OF
constructive statesmanship in the field
of valuation and capitalization. and OF
financial management in general.
BY far the most interesting applica.
tion that has thus far come before il
is that of the Burlington road, which
asked for permission to capitalize a
portion of its surplus, by the issue OF
both stock and bond dividends.
Opinion Divided
The complete opinion of the Com
mission rendered on February 2S re-
veals many interesting features that
have not thus far attracted public at
tention. The novelty and the unset
tied nature of the problems involved
could be no more strikingly demon
strated than by the divided character
OF the final judgment. Aside from the
opinion proper which nominally ex-
presses the conclusions of the majority
OF the commission, there are six sepa-
rate opinions by individual commits
sioners.
Of those, three are designated ne
concurring opinions and three as dis
senting opinions. Of these six opin-
ions, one sustains the majority in all
respects, one dissents in all respects
and the remaining two concurring
opinions are in agreement with the re-
naming two dissenting opinions in
concurring with respect to the stock
issue and dissenting with respect to
the bond issue. Whether you call your
self commissioner concurring in part
or one dissenting in part depends an
parently upon whether you are an opti-
mist or pessimist. The mathematical
outcome of the vote seems then to be
this: Four commissioners favored the
stock dividend alone, four commits
sioners favored both stock and bond
dividends, one dissented entirely. The
stock dividend was indorsed by vote
of to 1, the bond dividend was lost
by one vote.
An issue determined by such q vote
cannot be regarded as settled. The
burlington failed of the entire accom-
plishment Of it's plan by the narrowest
of margins. 1t should give the authori-
ties of the roads concerned assurance
that a modified plan can be devised
that will prove acceptable to the com
mission.