davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-12-27
Average Bond Prices
December "a. 1921.
FRENCH STILL CONTROL
STANDARD OIL CONCERN
Protection of Interests in Sub
sidiory Is Assured.
Spec'oI cdol> to The New York HEsALp.
oopprfOhf' I9ef, bv The New YoRK HEsArn.
New York Herald Bureau

Spectdt Gable to THE New York Hrr,fp
copyright 1921, bv The New YoRK HEsAlp.
New York Herald Bure.n
Paris, Dec. 26
Fears that French interests in the
standard Oil Company's French sub
sioiary concern are not protected in the
ceai reported to have been closed with
the Czecho-Slovakian Government for
tne exploitation of the Czecho- -Slovalsiar
ol nelds were dispelled to-day when an
o,nciai statement was issued to the effect
tfat the French still hold more than hale
the STOCK or the concern. The pronor-
tion OF stock distribution, despite an in
crease In the company's capital recentJy
from 100000 francs to 2Oy00o-oon
francs, remains 49 Ito American hold
lngs and 90 $40 French.
According to the informant of T,zr
NEW YORK HERALD Bureau, negotiations
nave already begun between officials ~
tie french Government and represanta-
tives in Paris of the Standard OIL Cor,-
rahy with a view to insuring that the
French viii always hold more than Eo
per cent. or the, voting shares in the
company's subsidiary concern in France
no matter how much the capital stock
is increased. S'o'A
This Is regarded as an important mat
ter mere, as 1t is reported that this
French subsidiary of the Standard is
considering another increase I'm capital
| stock to 50.000.000 francs in order 10
finance the exploitation of Ruman,an n
and Bulgarian oil fields.
The New York herald., 1921-12-27
BOND OFFERINGS IN
LAST WEEK LARGE
Holiday Period Causes No Lull
in New FlOtations-Distri-
button Rapid.

The fact that last week was Christrras
week and might be expected 20 be a dull
period in the investment market did no,
deter bankers from offering large
amounts of new bonds, all OF which were
distributed In remarkably short time
The market for outstanding bonds
showed no material change from condi-
tions prevailing in the preceding week
Transactions continued to dwindle and
Irice recessions were general. The re-
action in the bond market was expected
after an advance that lasted unchecked
for about six months and caused little
comment.
The continued firmness in the money
market probably played a part in the
irregularity in bonds, although tirne
money was stationary. The call money
market. however, was firm, and its rates
were as high as per cent. at one period
! OF the week. II would not be surprising
II call money rates were firm unit, after
| the year end interest and dividend dis
! pursements shall have been taken care
or. Indeed, the money market at this
time of the year is not a particularly
accurate guide TO the monetary situa-
! ton.
Railroad bonds were. perhaps, the
weakest, undoubtedly as a result OF
numerous applications of carriers to the
Interstate Commerce Commission for
permission to issue new securities In
large volume. At least 500, 100000 OF
new bonds, to be issued by three rail
roads, are In sight. and it is anticipa ted
that that total will be much increased.
The year 1929 is expected to be a
notable one for railroad financing
New bond offerings of last week ex-
ceeded the total of the preceding week
by many millions and amounted to
close to s150,000O0O. Railroad financ-
ing was the largest. and included a
s25,OOO.0O0 Issue of the Canadian Pa
cine Railways per cent debenture
stock and $12.753.oo0 Of 5h per cent.
ponds OF the Louisville and Nashville
Railroad.
Two notable pieces of financing last
week were the Kingdom of Dennark's s
90 per cent. loan of s30,00O,oOo and
the S5O,OO0.000 loan of the American
Sugar Refining Company. The Ameri-
can Sugar Refining bonds carried a 6
per cent. coupon and were offered on a
o.lo per cent. basis. which was fairly
low in comparison with other recently
issued industrial bonds. The Danish
bonds were offered on basis to yield
6h per cent
There were several more industrial
ana public utility issues of good size.
lncluding the Hood Rubber Company's
s6,ooo.Ooo of rs. the Ajax Rubber Com
panys s3,0Oo.000 of SIS, the Shelton
Looms s2,25O.000 OF rs. the Twin CITY
RAPID Transit Company's $4,000. 900 of
Is. the Columbus Railway Power and
Light Company's $4,000. 900 of SIS and
the Hackensack Water Company's rs.
Ihere were no large offerings Of mu-
nicipai bonds except s4,500.00O of SIS of
Maricopa County, Arizona A large
quantity of smaller issues by States and
cities made a fairly substantial aggre-
gate.
The New York herald., 1921-12-27
ELECTIONS AND MEETINGS.
THE SECOND NATIONAL. BANK
OF THE CITY OF NEW YORK
Z5O Fifth Avenue Neu YorL Citx
kS0 EiffI


NOTICE is HEREBY GIVEN that a Sps-
cia! Meeting OF the shareholders OF The Sec
ond National Bank of the City of New York
viii be held at the banding house Of said
Association. No. 250 Fifth avenue. Borough
OF Manhattan, City of New York. on Thurs
day. December 20. 1921, at II o'clock A. NJ.
Tor the purpose of voting upon the PROPOSE
tion that said Association so into liquidation
and be closed, and for the purpose of ra.ify-
Ing, approving and confirming any action
looking to such liquidation and TO the sale o.
the property and assets of said Association,
and the assumption of its liabilities. and any
agreements relating to SUCH liquidation, sale
or assumption, which the Board of Directors
may have taken or done, which may have
been entered into, prior to. or which may be
submitted for consideration at. said meeting.
or any adjournment thereof; and for the pur-
pose of authorizing the Board OF Directors
and officers of said Association to do all
such further acts and things as may be nee
essary or expedient to carry out and COM
plete the liquidation. closing and dissolution
OF said Association; and for the purpose OF
transacting such other and further business
rs may properly come before said meeting,
or any adjournment thereof.
Dated. New York, November 30. 1921.
BY order of the Board of Directors.
CHARLES w. CASE. Cashier.
The New York herald., 1921-12-27
WHEELER- -McpOWELL ELEVATION co.

The annual meeting OF the stockholders of
this Company for the election of Directors,
election of Inspectors of Election, and
for the transaction of such other business as
shall come before the meeting. Will be held
at the office of the Company. 97 VariclS
Street, In the City of New York, on the 10th
day of January, 1922. at 1O:30 A. NJ.
WHEEL. .ER- MCDOWELL ELEVATOR co.
WALTER O. GROIISE. Sacretarv-
The New York herald., 1921-12-27
DALLAS LAND BANK BONDS.

Halsey. Stuart &c Co. Inc. and Will
lam r. Compton Company are offering
a new issue of s2.000.O0o Of the Dallas
Joint Stock Land Banks 51a per cent.
bonds. due on November /. 1861. They
are issued under the Federal Farm Loan
act and are exempt from Federal, State.
municipal and local taxes except inherit
ance taxes. They are legal investment
for all fiduciary and trust funds under
the jurisdiction of the Government and
acceptable as security for postal saw
lngs and other deposits of governmental
funds. They are instrumentallties Of
the Government. The bonds are being
offered at 1903 and accrued interest To-
yield about 5.11 per cent. to their on
tional maturity and 5 u per cent there
after.
The New York herald., 1921-12-27

holders OF The Ellisdale Company, Inc, for
the election of directors to serve the ensuing
year, will be held at sol Fifth Avenue, Bor-
ough of Manhattan. New York City, on Mon
day. January 0, 1922. at twelve o'clock noon
on said date.
Dated New York, December %. 1921
ADOLPHUS F.. LONG,
The New York herald., 1921-12-27
TINKER SHOALS DEAL FAILS.
Representatives of San Fropct.c,
Man DO Not See weeks.

WASHINGTON, Dec. 26. - Conferences
between Secretary Weeks and represent
atives of G. c. Tinker head of a San
Francisco construction company, in con-
nection with the Muscle Shoals, Ala.
nitrate and power projects, which the
latter had announced would be held to-
day, failed to materialize.
Secretary Weeks said he had not been
advised OF the arrival of Tinker's repre-
sentatives and, in fact had had no re-
cent communications from the San Fran
cisco contractor.
The New York herald., 1921-12-27
BAyoxNE BONDS OFFERED.

A syndicate composed of Hornblower
& Weeks. Redmond & Co. y. j. Van
1ngen a. Co and j. G.. White q Co. Is
offering s1,264,000 of the city of Bay
oane school and general Improvement
bonds. due serially at prices to yield
40 TO 400 per cent. according to their
maturities. They are legal investments
for savings banks and trust funds in
Now York. New Jersey. Connecticut and
other states
The New York herald., 1921-12-27
BRYANT PARK BANK,

New YORK, December IT, 1871.
The annual meeting OF the stockholders of
this bank for the election of Directors and
the transaction OF such business as may
properly come before Il, will be held at the
banking house, 220 West 42nd Street, on
Tuesday. January 10th. 1922. Polls will be
open from l O'Clock to . O'Clock p. NJ
n T. CIEgE Ca shIer
The New York herald., 1921-12-27
ELECTIONS AND MEETINGS.
THE HANOVER NATIONAL RANK
af the City af Nelx Lark.

Of The City Of New York.
New York, December 10th, 1921
Notice Is hereby given that the annual
meeting of the shareholders OF this bank for
the election Of Directors to serve during tina
coming year and for the transaction of such
other business as may come before the meet
tng, will be held at the banking house. Mas
sau and Pine Streets. Tuesday, January 10ths
1922, between the hours of II o'clock A. NJ.
and 12 O'Clock M.
The New York herald., 1921-12-27

sl4oossooo so JAM to date sssi4issOoo 900 ss7soo
The New York herald., 1921-12-27
NEW YORK STOCK EXCH

WEEK ENDED DECEMBER "a. 1921
The New York herald., 1921-12-27
ELECTIONs AND MEETINGs.

The regular annual meeting of the stock
holders of The North Virginia Corporation
for the election of directors to serve the en-
suing year, will be held at sol Fifth Ave
nue.. Borough of Manhattan, New York City,
on Monday, January o, 1922, at IL 80 T. NJ.
on said date.
Dated, New York, December %, 1921.
ADOLPHUS l.. LONG,
The New York herald., 1921-12-27
NOTICE IS HEREBY GIVEN that the an

NOTICE IS HEREBY GIVEN that the an
nual meeting of the stockholders of the
American Foreign Banking Corporation will
be held at the office of the bank, No. 5S
Broadway, Borough of Manhattan. City and
County of New York. on Monday, January g..
1922, at twelve o'clock noon. for the election
OF directors for the ensuing year, and for
the transaction of such other business that
may properly come before the meeting.
New York City. December 20, 192t.--
The New York herald., 1921-10-24

bonds Of States or bonds of their
municipalities, as the Federal Congress
has no power over this exemption. The
Constitution of the United States pro-
h.bits State from passing any law
that would impair the obligations of a
contract, but such prohibition does not
run against Congress. 1t is entirely
improbable. however, that Congress
ever would pass any law that would
impair the obligation of contract
which one of It's instrumentalities
might enter into. An interesting ques-
ton might arise as to whether some
act that was being repealed had actu-
ally contracted an obligation or
whether such an act had merely set
the taxing policy. In the latter case, of
course, there would be no moral turpi-
tude in repeating the statute. Where a
tax exemption was created in favor of
some bond or class of bonds by spe-
cific statute it is thoroughly safe to as
sumo that a contractual obligation has
been conferred.
In the cases of Federal Land Bank
ana joint stock banks the exemption
from Federal tax is created by the
statutes which created these banks
AS these banks have been instituted
to be instrumentalities of tho Federal
Government, and exemption from Fed
eral and local taxation would follow
any reference thereto in creating the
bank would be mere surplusage.
The New York herald., 1921-10-24
How the Railroad Dollar Goes.

When a railway or any other bust
ness after paying its running ex-
penses does not have enough left
over out of all its gross receipts to
pay the Interest on its debts It is on
the road to bankruptcy and a receiv-
ership. When 1t does not have
enough left over to keep up the plant
it is headed for the scrap heap.
Last year the Class / railroads Of
the United States collected from the
American public as operating reve-
nues the colossal total of S6,171, ,493,-
301. How every dollar Of that more
than six billions of dollars taken ir
by the railroads went tells the whole
story of what was the matter with
them and why they could not go on
as they we're going without both
landing in receiverships and becom-
ing piles OF junk. Here is what
became Of every dollar OF the more
than six billions taken in:
The New York herald., 1921-10-24
LOCAL WEATHER RECORDS.
EVENTS TO-DAY.

Downtown Hospital Association, luncheon
In connection with campaign for funds for
Broad Street Hospital. 53 Broadway. i2:J0
r. NJ.
Marquette Club. meeting. waldrof-Astoria.
8 p. NJ.
National Association of Audubon Societies,
meeting. American Museum of Natural His
tory, Seventy-scventh street and Central
Park West, S:15 p. NJ.
House of the Good Shepherd, benefit, re-
ception and dance. Hotel Commodore. 8
l.. NJ.
Maryland Society. meeting. Waldorf
Astoria. s p. M
Alice r. Coseo will lecture for high school
classes on Greek Athletics" Metropolitan
Museum of Art, p. NJ.
of prints and photographs. Sage Foundation
Building. 10 A. NJ. to p NJ
Professional Women's League, meeting.
Hotel Astor. 2 p. NJ.
Anti-saloon League. luncheon. Hotel Nc
Alpin. noon.
New York Life Insurance Company. dinner
and dance, Hotel Astor. Q p. M.
American chronological Society, meeting
with section OF anthropology and psychology.
American Museum Of Natural History.
Seventy-seventh street and Central Park
West, s:15 p. NJ.
Volunteers OF America. meeting of board
OF directors, "a West rwcnty-eighth street.
10 A. NJ.
First Division Officers. dinner and en-
tertainment, Hotel Astor. Z r. NJ.
New York Fresh Air Fund, meeting. Hotel
Astor. +. NJ.
Speakers Bureau OF the Republican County
Committee. meeting. Cafe Boulevard. F. M.
The New York herald., 1921-10-24
Dock Leases.
Reform Necessary to Protect New
YOrk's Shipping interests.

To THE NEW York HERALD: A more
scandalous exhibition Of profiteering
than that shown in the recent dock or
pier investigation in New York city
would be hard to find; and because no
steps have been taken. or at least pub
lished. to remedy the disgrace and in
sure ahstention In the future, public at
tention should be called to It.
AS SHOWN to the committee, docks
and piers rented by the city to private
persons or companies at presumably fair
rates were sublet to others or docking
charges imposed which netted the hold
ers from 100 to 500 per cent. and moro
profit. Incidentally, because of the pub
lie nature Of these accessories to COM
merce the city's lease of them should
have contained conditions OF subletting
preventing overcharging. but the fact
that no one has been made to disgorgc
would imply that this simple business
precaution was omitted.
This investigation also developed the
fact that because OF the excessive wharf
age charges here vessels and cnterprising
steamship lines sought other cities for
diseharging. their cargoes although des-
tined for this city-a sad commentary
on the greatest maritime city Of the
world. with its normally immense ship
ping facilities and unlimited capacity for
their extension when needed.
Now what is required is the proper
control of our docks and piers: evil
IDENTIFY this was lacking or the proflteer-
ing would not have continued as It did
and probably does still. The pecuniary
value of pier is readily estimated. as
Is also a fair profit to the owner and to
the subletter; there IS no mystery In
volved. It's value as an investment can
be found. IL new, from the income of
neighboring constructions of like pre-
tensions. or the commercial demands.
The municipal government should then
publish list including every pier and
dock In the city with its rental price
for subletters also a regulation govern
ing the costs of use of each pier and
dock to pcrmanents and transients,
based on tonnage Of vessel. pier cargo
space required and time occupied. II
sublet these costs should appear as
conditions of the lease and be enforced.
Post the list for each pier at the pier
where It can readily be seen: thus will
controversies be avoided.
The public will know how its elected
officials arc acting and the uses of the
pier will be on a par with the railroad
passenger who learns the cost of his
trip at the station. r.
New YORK, October 20.
The New York herald., 1921-10-24
Mnnhattan's Tongue.

Into tho cauldron OF the seas,
Savoring deep of their mysteries,
Since Noah and the world were young
Old Manhattan's tongue.
From the Battery at Its tip
To spuyten Duyvil an upper lip,
Tringed and furrcd. doth It palpitate,
Inarticulatc.
Could II clack like some ancient bard's.
A Skald of Lief. say; were sun-dried
shards
rncised with its story from first TO last
We would live the past.
Bufreted traders, skis OF skin.
Ramping the Narrows. tacking In
with barterings rude of an early time
To sumptuous prime.
The merest tale of It's argosics,
The curious Gates and the spicerics,
Were catalogue nt for the silver wire
OF a Homer's Tyre.
Manifests, spotted. enuffy, old,
or cargo celled in n dim lit hold,
Casting spells that the senses trance
Like some high romance.
Deep In the centre Of the seas,
Savoring all of their mysteries,
plunged since waters and worlds were
young
Proud Nanhattaas tongue
MAURICE MORRIS.
The New York herald., 1921-10-24
Pheasant Shooting Is On.

The open season for pheasant in
the State of New York is now on,
and reports Of the bags made last
Thursday, the first OF the four days
when the sport is permitted. indicate
an increase in the supply Of these
superb birds over previous years.
Except on Long Island, where the
law is more liberal in regard both
to the season and the bag, it is per-
missible for a gunner to kill only
cock pheasants, and only three OF
these in season,
None of the game birds except the
wood duck compares with this gor.
geous fellow in richness of plumage.
When flushed he gives the novice a
never to be forgotten thrill as he
speeds to safety with the sunlight
flashing crimson and gold from his
neck and shoulders. His long tail
streams behind and seems to serve as
rudder as he scattles for thicket
or brake or rises like an aviator
to get out Of the range of the sports
mans gun.
In England most OF the pheasant
shooting is done in drives, with gun.
ners stationed along the line OF
flight. The birds, which are raised
in great numbers on the large es-
tates, are shot as they pass overhead
in the same manner as ducks are
killed in pass or fight shooting on
the rivers and waterways of the
United States. A certain amount OF
skill is necessary to score under such
conditions, but 1t is entirely a mat
ter OF leading your bird, and many
experts have 1t down to a science.
For those who go afield with dog
and gun the pheasant affords fine
sport. While only the cocks may be
shot, there is the incidental JOY of
watching the keen nosed pointer or
setter as he ranges the fields and
\ thickets, finally coming to a point
with every muscle in his body tense
and his eyes CLASSY in the cataleptic,
4 trancelike state into which he is
thrown by the powerful scent of the
quarry. Then there is the pleasure
Of anticipation. It may be a demure
gray hen which will take the air,
to ny off In safety. Should 1t he a
male bird the gunner SHOULD hold
we'll on HIS target. for rocketlng
cock pheasant viii carry away lot
~ saot unless hit in the head.
While Il MAJ be IA the distant fu-
ture there IL hope that the time will
rome vhen the EnBish pheasant will
be source OF fo5l supply for tho
The New York herald., 1921-10-24
AMERICAS MAKING'
PAGEANT IN REHEARSAL
To Open at z1st Regiment
Arnory Saturday Night.

The opening pageant OF "America's s
Making" an exposition OF the nation 8
progress, will be held in the Seventy
first Regiment Armory next Saturday
night. and the only voice that will be
heard will be that of n full biooded
Sioux. DR.. Charles Eastman. author and
lecturer. He will wear costume which
was made by three squaws all more
than 100 years old He will give a
statment from the Indian viewpoint on
the coming Of the white man. After the
speaking Of the prologue the immigrants
will appear in chronological order to lay
the foundations Of the nation.
There was a meeting at the Hotel
Plaza last night to rehearse tableaux OF
the pageant. Mr.. Steven II. p. Pell
practised at personating his own ances-
tor. John Pell, the last Lord of the
Manor in American history. Miss Dolly
M. La Montague. a direct descendant Of
Dolly Madison, took the part of the fa-
nous Mistress of the White House. Mr..
Franklin Huntington personated Benja-
min Franklin. from whom he Is lineally
descended. and carried a cane that Mr..
Franklin himself was accustomed to use.
Mr.. Dudley T. Upjohn endeavored to
make his ancestor. Gov. Upjohn. live
again, and Mr.. William NJ. Seabury took
the part of forefather. Bishop Sea-
bury, the first Anglican Bishop in Amer
lea. Mrs Louis Livingston Seaman took
the part Of Martha Washington. Mrs.
Francis H. Kinnicutt pcrsonated John
Harvard.
Among those aiding the English tab
leau are Mrs. Livingston r. Schuyler.
Mrs. George Draper, Mrs. James Russell
Lowell. Mrs. Edward McVickar, Gloster
Armstrong, British Consul General !;
Mrs. Armstrong and Mrs. Goodfell. a
descendant of oliver Walcott. signer
of tho Declaration OF Independence.
Nearly 1000 persons will take part in
the English pageant, which, under the
direction Of ]. Harry Irvine, is rehears-
ing nightly.
The exposition will last until Novem-
ber IL. DR.. John II. Finley Is president
and Joseph Hartigan is general director.
The New York herald., 1921-10-24
Miss Marbury's Quiz.

A set OF supposed arguments Tor
Candidate HYLAN, put in the form
OF questions, has been made public
by Miss ELlsABEru MARBURY, whose
admiration for Mr.. HYLAN and
CHARLES F. MURPHY is we'll known.
Miss MARBURY's first question is
sweetly naive
do YOU wish Mayor who is a
decent living family MANI"
All the candidates for Mayor that
we have heard of are decent living
family men," Political parties are
not foolish enough to nominate any
other sort. But il Mr.. HYLAS is
personally righteous overmuch. why
not remand him." in the phrase OF
GEORGE WILLIAM CURTIS, ito the pri.
vate life which he is so eminently
fitted to adorn"?
Queries Miss MARBUEY
do you wish Mayor who is
sternly opposed to low resorts. inn
moral shows and gambling dens?"
Does gambling dens" include
the place where Mr.. HYLAN's Police
Commissioner played Morton Pete
and won $4,000 OF easy money?
Miss MARBURY demands to know:
do you wish =. Mayor who has
stopped local proiteering?"
Does local profteering' include
the subletting of twenty-four city
piers by favored contractors at q
profit of S4,000,000, as was done un
der the Hylan administration?
Miss MARBURY's fourth question::
"Do you wish Mayor under
whose administration the cost of
living has been cut down 40 per
cene. p
The only memorable evidence on
record that Mayor HyLAN had any
thing to do with the cost of living
is the testimony of the poultryman
who said he lost his stall in city
market because his rival was willing
to give money for honey"
Miss MARBURY inquiries:
do you wish Mayor who has
fought the street railway monopoly
so that you can ride for Ave ccnts?'
Does Miss MARBURY remember a
time when the fare was more than
| five cents?
Miss MARBUEY's eleventh question
is full Of pathos:
do you wish Mayor who works
all day and even far into the night
for your good and Cor the good OF
every citizen in this great city,
His work must have been extra
hard after they sent his best little
letter writer, JOHNNY HETTRICK, 20
prison. Why not vote him a rest
after December 81?