davidaulloa/AmericanStories huggingface dataset:
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1921-05-20
HEWLETT AND FULLER

Several from this place attended
Sunday School at Horseford Sunday,
The sick of our community are
slowly improving.
Miss Grace Walters of Clinchheld,
Virginia, is staying with her sister,
Mrs. Lena Burke.
Mrs. yirgie Ekers and daughter
Iouella were visiting Mr.. and Mrs.
Lindsey Collinsworth Sunday.
Mrs. Liman Riley of Louisa was
visiting Mrs James Skeens Sunday.
who is critically ILL.,
Born. to Mr.. and Mrs. Martin Potter
on the 14tfr bouncing boy.
Miss Ethel Spradlin has returned
home after an extended visit with rel
atives at Paintsville.
Harrnie and Harry Billups were in
Louisa Monday.
Misses Florence Skeens and Nerva
Maynard were the pleasant guests of
Miss Madge Skeens Sunday.
Richard f. Hewlett's smiling face
was seen in our town Sunday.
Martie and Eliza Skeens and Robert
Carroll were calling in Kentucky Sun
day.
Mr.. and Mrs. S. |. Maynard were
isiting her mother Sunday
Shirley vanhoose was visiting her
mother. Mrs. Mary Billups, Monday
Miss. Ruby Burke was the guest of
Miss Florence Skeens Saturday.
Mrs. Dora Alley was visiting Mrs.
Ida Maynard Monday.
John Kane was at Fuller Sunday.
Mrs. Margaret Bowe and baby were
visiting Mrs. Zoe Burke Friday.
Thomas Austin was a business Wis
itor down the river Sunday.
Miss Madge Skeens was the attrac-
we guest of Miss Florence Skeens
Tuesday.
Robert Elkins was at Fuller Sunday.
Mrs. Mamie Ekers was visiting her
mother Mrs. Alma Skeens Sunday.
Lyss Burke was in Louisa Saturday.
YOU GUESS?
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1921-05-20
W. VA. LEADER OF VETS
ABANOoNS BATTLE

Charleston. w, NR zrAn emotional
scene was enacted IN the house of dele
gates when Delegate james A. Strnthr
or OF WEIGH, Mcdowell county, for
many years leader OF the pro liquor
forces IN the law making chambers OF
the state, publicly deserted the vets
ton forces,
Delegate Strothtr gray haired and
slightly bent with age, arose slowly
and got permission 20 speak when the
senate prohibition bill was before the
house for vote. His colleagues set,
tied back comfortably 10 listen To the
usual attack from tire former siatc
senator against any move 10 tighten
the prohibition lines Hut scarcely had
he begun 10 speak untii his intention
~ conversation became clear,
Dead silence rcigned
Il have been fighting prohibition
many years" he began Since 1907 I
nave carried on the fight in the senate
and house OF delegates have been n
dcvotee OF liquor for thirty years It
never brought me good. nor was the
night successful
Liquor has kept me down and pre-.
vented me from acquiring the honor
that should have been mine I have
succeeded IN throwing on the desire
for drink and il has made me better
man"
yisibly affected by his confession
aud shaking with emotion. he slowly
resumed his seat. In an instant the
house broke out with applause. Al.
though the demonstration was in vio-
lation OF house rules. Speaker Keath.
ley did not rap for order
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1921-05-20
m MEMORY

The death angel visited the home of
George Yates and claimed for its own
his precious wife. She departed this
life March l. "Aunt Sarah" as we all
called her. was loving wife and affec-
tionate mother and faithful to her
profession of religion. She lived a de-
voted Christian life and died in full
faith of loving triumph after death.
would say to her children and loved
ones to follow Aunt Sarah's" teach
ings and you will clasp hands with her
where parting never comes The writer
has known her from youth.
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1921-05-20
SMOKY VALLEY

There will be preaching at this place
saturday night. May 2lst
Mr. and Mrs. Leo Branham are Wis
itlng home folks.
Miss Oslo Diamond called on Miss
Eta Scott at Lick Creek sunday.
Miss Laura Wellman is able to he
out again,
with Mr. and Mrs. Wilbur Roberts.
Theodore o'Neal of Busseyvi!le
spent Friday night with Paulie Dia-
mond
Remember prayer meeting sunday
at 9 o'clock.
would enjoy reading letters every
week from Cordell SUSIE.
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1921-05-20
HELLIER

C. A. Bickford brought his wife
home from the hospital at Ashland
where she was operated on.
The young child of Mr.. and Mrs.
John Baker, OF Henry Clay, was
drowned In Marrowbone creek Thurs
day. The child was crossing foot
log while the stream was swollen from
the recent rains and fell into the creek
and washed down near the ball park.
The school election held here Sat
urday was well attended e. w. Bick-
ford carrying the largest number Of
votes. Mr. Deyenney was reelected.
Pike County News.
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1921-05-20
ZELDA

Jack Bryan and Harry Lakin were
business callers at Catlettsburg last
week.
Mrs. Florrie Mcbride and children
OF Charleston, w. Va. are visiting
Mrs. Sarah Bradley this week.
Harry Stewart of Prichard was cali
ing here Sunday.
Loretta Meade has returned home
from Ashland.
Mr.. and Mrs. Robert Price were
visiting in Buchanan Sunday
Paul Bellomy has returned home
from Huntington, w. Va.
Miss Pearl Meade is visiting friends
in Ashland this week.
Arthur Stewart has returned home
from shelbiana. LOVE BOAT
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1921-05-20
GLENWOOD

Miss wiliIa Taylor and brothers,
Harry and Joe. Of Louisa. are visiting
relatives AT this place.
Miss Grace Hrlcher Mrs V, y.
Bclchcr and little daughter Joyce, Of
Cleveland are spending few weeks
with q, b. Bclcher and family.
X. G.. johnson is suffering with a
severe abscess in his throat,
Dewey Taylor was the Sunday gues;
of Miss Monnie Handley.
Misses Hazel and Charity Wright
entertained a number OF friends nj
their home Saturday night. Games
and music were enjoyed
Miss Rose Rice was the guest few
days last week OF Mrs. Edgar Rice.
Messrs. Gearhart and GcarhArt. OF
Floyd county. were business callers
here last week
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1921-05-20
V. S. TO PAY SOLDIERS
DIVIDENDS JUNE FIRST

Dividends ranging from sl.04 to $3.50
on each $1,000 of Government insur-
ance will be paid June J TO holders Of
one and two-yesr converted policies
has been announced by the War Risk
Bureau. There are $4,000 policy
holders who win receive one year div
idends. and $4,000 who viii receive
two-y year dividends.
The Government has total OF So
49, 100000 OF insurance In force on the
lives OF $4,000 former service men and
women Of whom $4,000 hold perma-
nent Government life insurance poll
cies aggregatlng ss52.Ooc. 900 and 4Oo-
900 hold war time Insurance amount
ing 10 $500, 10000
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1921-05-20
WORLDS CHAMPION HEN
SucCUMBED MONDAY

Lexington, Ky,--Lsay walnu, Hill,
worlds champion white leghorn hen.
who laid her s76th egg Sunday. died
OF septieemia Monday. she belonged
to DIR. X. Lindsay Ireland of Louisville.
The hen was Matched April IL 1915,
and started laying November 6. 1916.
During her pullet year she laid 1872
eggs, ninety four Of which we're laid on
consecutive days. worlds record for
continuous production.
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1921-05-20
CHARLEY

There will be church at Charaley
Sunday. May 22. Everybody invited
Quite large crowd from upper and
lower Charley attended church on
Meads Branch Sunday.
Miss Audrey Chapman and Miss
Jack Goble were week end guests of
Mr.. and Mrs. VIM. NJ Chapman.
Iaanda Baker of Ceraell passed m
our creek last week
Willie Swetnam Of Wilbur made a
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1921-05-20
ASHLAND MAN KILLED.

Indicted Saturday by the grand jury
for the murder OF Frank Allen. IS,
during an argument over the sheet mill
strike. Cecil Green. rs. was replaced
in his cell in the county Jail at Cat
lettsburg on his failure to tind some
one to sign $1,000 bail bond for his
release
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1921-05-20
FORMER GOV. JAS. NJ. cox's
DAUGHTER DIES SUDDENLY

Dayton, Ohio. Mrs. Helen Cox Ma
honey, 25 years old. daughter OF former
Gov. James M Cox. died suddenly at
her home In lakewood. suburb last
Monday She had apparently been In
good health and her death came with
out moments warning.
Her husband. ID. J. Mahoney, Is gen
eral manager Of the Governors news
paper In this city Mrs. Mahoney pass
cd through a serious illness several
months ago, but apparently had on
tirely recovered
The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1921-05-20

A@N3
"a cups pastry
Hour. , level tca.
Baking Powder, y
cup butter. " cup9
graduated sugar,
cup cold W ntefst
Whitea OF , eGg1. ]
teaspoon orange
10 The regular wayL
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-30
Business is Quietel
Mercantile Reports
Say Today

Continued heat and holiday in
Huences operated to bring about
even more quiet business condi-
tons during the week, according
to the trade reviews made public
last night. q.
The present volume of trade
is reported as very light, but it
is pointed out that optimism as
to the future trend of business
has increased.
Bradstreet's weekly food index
number gained 1.3 per cent dur
ing the week. Dun's wholesale
price list showed recessions in
AZ items and advances in 81.
The weekly food index num-
Der compiled by Bradstreet's
stood at $500, compared with
$2.98 at the close of the pre-
vious week.
Of the 70 commodities of all
kinds quoted 18 advanced COM
pared with last week, 15 declined
and as remained unchanged.
The items which advanced in
Guided wheat, spring; corn, corn
flour, hams, butter, sugar, re-
fined; coffee, cottonseed oil, eggs,
potatoes, rice, prunes, beeves,
live; hogs, live; hops, Pacific;
gray goods, brown sheetings and
linseed oil.
Declines were noted In flour,
wheat, red; barley, rye flour
tapioca, raisins, lambs, live; cot
ton, steel billets, Bess copper
and steel billets, OH tin.
The articles which remained
Without price change were oats,
pork, mess; short ribs, tallow,
lard, cheese, sugar, raw; tea,
beans, peas, apples, molasses,
currants, lemons, sheep, live;
cleo oil, etc.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-30

Foreign Exchange.

NEW YORK. July 30,-The foreign
exchange market opened strong today.
with demand sterling " cent higher.
at 1865. Francs rose III centimeS.
TO 7.5sh for cables and 1854 for
checks. Lires rose 6I4 points. to 4.22
for cables and 4.21 for checks. Bel
CLANS were " centime higher, to 7.ssx
for cables and 1924 for check-
Other quotations are: Guilder cables,
So.so; checks, 30.78. Sweden kronen
cables, 20.45: checks. 20.40. Marks.
1.23.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-30
Reserve Borrowings Increase.

After getting its interreserve Dor
rowings down from $4,000, 900 to $1s,-
100000 last week, the Federal Reserve
Bank of Richmond, in its statement
this week, reports that 1t has had to
do further borrowing, so that its &C
commodation from the New York
Federal Bank now stands again at
SEA, 400 900.
Minneapolis and Dallas, which have
for several months been the only two
other interreserve borrowers, also in.
serve banks, the former up to 81 $780,
900 and the latter up to $1,000, 900.
Atlanta also came In as a borrower,
obtaining a total accommodation of
$4,000 600 from the Boston and Cleve-
land banks.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-30
Maryland May Reject
Bids Due Tuesday

Governor Richie Maryland stated today that unless the
bids the States 5000 of certificates of Indebtedness
to be opened Tuesday high enough to be entirely
satisfactory the State itself would purchase the bonds for its
sinking fund.- (which is causing much discussion in Mary
land banking circles
The Governor gave intimation to what he would
consider price beyond which the State would not bid ard
many bankers feel that in making the statement he has thrown
damper on prospective bidders
The State has, of course reserved the right to reject all
bids and tbs bankers feel sufficient warning that it would
not sell the bonds cheaply.
AS matter of fact the sale Baltimore stock served
impress the yndcates which forming to bid the Stale
Issue that there would be no bargain sale Tuesday
In addition to this the advance in the price Of
municipal securities has been kept in mind Baltimore Municipal
issues which sold month ago on ~ to per cent basis
have advanced until they are selling 525 to 500
basis according to mauries . ~
Investment houses of the Monumental City say they have
an active demand for grade and there is reason to
oeeye that the bids next Tuesday will probably be shade
higher than the actual market
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-30

and we do not believe 1t has any in
trinsic value.
The fact that your registered letter
addressed to this concern was received
and receipted for might be taken to
indicate that the receiver in the office
of the company receipted for it.
At the time Of the organization Of
this enterprise and the offering of
the stock we began to advise our read
ers to leave Il alone, as we did not
believe it had the slightest investment
value.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-30
Lower Freight Rates.

1t is rather surprising feature OF
the growing agitation for a reduction
in railroad freight rates and passef-
ger charges that many people con.
nected with brokerage houses and
even banks who would not be expect
ed to hold contrary opinions. are firm
In their belief that such action is nee
essary and. in comparatively short
time, inevitable.
They point out that II would be one
of the most bullish factors from a
market point of view and most con-
structive. as far as general business
is concerned.
The roads have effected consider
able reductions in expenses and can
get supplies cheaper, and are still
holding their high charges. 1t is
obvious why these folks connected
with strong financial institutions do
not talk openly. but they point out
that the roads are making the same
utterances as did the automobile com
panies, steel magnates and others
when talk of lower prices first start
ed. Like these magnates, II Is felt
the railroad executives will fall In
line, but not without a stern fight.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-30
Chicago Grain and Provision.

CHICAGO, July 30.--Wheat opened
Il to u lower; corn. u higher to u
lower; provisions about unchanged.
Opening:
Wheat-July, s1.21h 91.2oh; Sep
TENDER. s1.2391.23k: December,
sl.26A 91.26.
Corn-July, 64%c; September, 6oA @
6Ghc; December. 601s 960hc.
Al &c.
Lard-september. sl2.15: October.
s12.25.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-30
Has Frohman Amusement Stock.

Has Frohman Amusement Stock.
J. F.-will you please inform me
IL the Frohman Amusement Corpo-
ration, Times building. New York.
is still in existence7
am a stakeholder In the concern
which went into receivership last
December. have written the re-
ceiver two letters as to the posi-
bility OF my receiving anything from
the wreckage.
No reply came from the first. but
the second was registered and
have the return card.
Answer-Frohman Amusement Cor
poration is In rcceivership and thu
stock appears to have no market value
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-30
American Locomotive Earnings.

The American Locomotive Company
will issue a six-months' report in the
near future.
1t Is understood that 1t will be more
favorable than expected. The COM
pany had over $4,000, 900 cash on hand
and $17,000,000 accounts receivable at
the close Of 1920. and is understood to
havo been loaning Its funds at an ad-
vantage.
1t Is stated that interest received
on loans in the second quarter was
sufficient 10 meet preferred dividend
requirements. While plants were shut
down for part of the second quarter.
II Is understood that operations in the
first three months produced very good
results.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-30
Mr.. Sisson's Reply. .

Mr.. Sisson furnishes this reply:
Your correspondent is apparently
under a Misrepresentation regarding
the various features Of the banking
business which can be simply ex-
planned.
"A banks dividends are not based
upon It's deposits but upon its IN.
vestments in stock, and. whereas
there may be per cent limit
placed upon loans. II In quite pos
sible that a bank might make profits
out of its loanable funds which would
insure a much larger yield upon its
stock.
Furthermore. in looking at the rate
Of dividends paid by bank, the aver
age person loses sight of the stock
holders money invested In the surplus
and undivided profits accounts Of the
banks. While the two banks mem
toned declared dividends at the rate OF
81 per cent and IS per cent, 1t may
have been at only per cent or per
cent of the money actually invested.
For instance, our own company has
been paying 20 per cent dividends upon
It's capital stock, but the real invested
funds of the stockholders include its
capital, surplus and undivided profits
OF SIS, 900 900. and upon that sum the
rate paid is only 9 per cent plus upon
the money which the stockholders
have invested in the business.
1T is necessary, in, order that
proper margin of safety shall be pro-
vided for depositors, that an adequate
surplus and undivided profits accounts
be maintained. In the lndling of
commercial business banks must in.
evitably take losses at times, and an
adequate surplus account must be car
ried. While there is no fixed percent
age, the general practice Of the bank.
ing business is that capital, surplus
and undivided profits should be about
10 per cent of the deposits.
Here, for instance. IL an illustra
ton showing how a bank can nav 20
per cent or 30 per cent dividends upon
its stock without charging over per
cent interest on its loans:
Cash held for reserve. $3.50 600
I
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-30
Business Needs Banks.

Under the existing business
scheme business cannot be con.
Quoted without banks, and stock.
holders must have assurance OF n
reasonable profitable rate over the
risks OF loss or they will not invest
in banks.
I'm a period OF business stress
there is even greater reason for
banks to add TO their surplus and
pay regular dividends because ~ the
element Of confidence which II T. 70
necessary 10 establish at such a time.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-30

Anv indications such rs the passing
~ dividends or too little provision
for protection might DE taken AS
proof by an unreasoning puohc OF
weakness and precipitate runs.
1.-The wisdom Of our banking IN
.,itutions accommodating earnings
during a period of booming business
and high interest rates such as we
have passed through has been clear
Nv proven by the existing necessity
on the part OF these same insutu-
tions to make substantial charse-offs
for losses incurred in tho Subsequent
period Of business reaction
Bank stocks for the most part
are sold for prices which net oniy
return to the investor
aid I do not believe " car, be SHOWN
that bank stockholders have profited
unduly from their Investments or
perhaps even proporr'onateiy WIN
other lines OF business.
Incidentally the banking field Is
wide open for all who may care 10
enter It,.
Hundreds Of new banks are au.
thorized by the Federal Government
and State governments every yoar.
In banking Is quite as
keen in the larger centers as the
competition In most lines.
II is not enough for bank 70
issue plenty of capital stoc.; Con.
fidence has to be earned. Confidence
in a financial institution cannot be
developed over night. Nor can ~
be developed by methods savortng or
gouging.
This column is prompted by
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-30
Dividends.
Market Comment.

In their comment on the market
Jones 4 Baker. investment brokers
OF New York, say:
THE markets dullness appears to
be the phase usual after a long period
of liquidation. II Ia "a period In which
powerful financial interests are cred
tied with accommodating attractive
stocks at low prices. TO be ready for
the upward swing Of the price pen
dulum."
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-30
War Risk Payments.

In Carrying out the provisions Of
me war risk act relative to pay
ments of allotments and family al
lowances, which features cease to be
effective after July 81, the Bureau
OF War Risk Insurance has, from
November, 1917, to June 80, 1921,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-30
A Readers Inquiry.

A reader of this column having
asked pointed questions on this sub
ject, / asked one Of the ablest Of
New York's younger school Of bank
ers, Vice President Sisson. of the
Guaranty Trust Company, Of New
York, the biggest trust company in
America. to supply the answer. And
he has.
Here is the readers inquiry:
Ordinarily consider myself a
fair mathematician. but I have just
had an argument with my local
would certainly like to see your
able pen explain for the good Of the
country.
Two Philadelphia banks have just
declared "a per cent and So per
cent dividends. asked this bank
err, How can banks pay such dtvi-
dends when industry Is fiat and is
passing dividends7'
II evidently hit raw spot.
He says that such earnings are
legal. Legal they may be, but are
they economic? When water has
reached a level 1t has no potential
energy.
"a bank on final analysis merely
uses QepOeltoTs money, anu III ehh
sylvania is limited to 6 per cent re-
turn per annum. How, then at
Der cent per annum, can "a per cent
Re earned on loaned money? This
banker says 1t is on turnover, they
making four to as high as twelve
turns per annum.
THAT is o X. but with per
cent return per annum, how 1t can
grow to "a per cent is not under
stood by me. and 1 believe by a vast
number of persons in this country.
"If there were s per cent profit on
each deal the thing would work out.
but on s per cent per annum / can
see It. for that is at the rate OF u
Of 1 per cent per month, which IL
charged on thirty-day note, for
example.
"will you please explain this7"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-30
FINANCE e
BUSINESS
~ .. @. FORBES.

Banks are popularity supposed to
be. gold mines. We always think OF
them as making enormous profits.
The owner of bank shares IL usually
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-30
Chicago Bank
Rate Cut to s Pct.

CHICAGO, July 30.-Reduced
discount rates were announced
by the. Chicago Federal Reserve
Bank today. effective tomorrow.
The new rate is per cent for
rediscounts of all classes and for
member bank promisory notes up
to six months maturities. The
old rates averaged SIS per cent.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-30
BuIiing the Tires.

NEW YORK. July 30.--Takins ad-
vantage of increased demand due to
enhanced motor traffic in hot weather
a strong effort is being made to push
the tire stocks higher.
What will happen in the fall In
another story.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-30

been paid for many years by the
First National Bank of New York
under the mastery guiding hand OF
George r. Baker. now the dean OF
American national banks.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-07-30
Spreading False Information.

Certain interests are at work on the
telephone incorporating themselves
as connected with prominent brokers
for the purpose of circulating false in