davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-05-06
Liberty Securities
Corporation To BE
Financial Doctor
Name WilI BE Changed, and
New Organization Will
Offer Advice ON Indus
trial Reorganization Plans

Announcement was made yesterday
Of the calling Of a special meeting on
M,.y 19, when the stockholders OF the
Liberty Securities Corporation. the
former bond selling and distributing
subsidiary of the old Liberty National
Bank, now controlled by the New York
Trust Company. which absorbed the
Liberty: to vote upon "a proposal to
change its name to the Liberty Indus
trial Corporation.
The new corporation will take over
the Industrial department. organization
Of the Liberty National Bank and will
act in an advisory capacity to indus
trial corporations and interests in
working out reorganization programs.
considerations and other similar trans
actions. The purpose will be to make
examinations of properties and act as
sort of financial physician in the
case of concerns which need advice
and counsel.
With the merger of the Liberty and
the New York Trust Company it was
found that the Liberty Securities Cor
poration could be dispensed with, since
the trust eompanys charter grants it
all the powers of dealing and dis
trloutlng investment securities which
were enjoyed by the Securities Cor
poration.
The capital of the Liberty Industrial
Corporation will remain at $1,000 600
Of common stock and S1,oo0,o0o of pre-
ferred. The common is all owned by
the New York Trust Company and the
preferred. is in the hands of stock
holders closely identified with the In
stitution.
Harvey D. Gibson, president of the
New York Trust Company, is to be-
come president of the new Liberty
Industrial Corporation, while j. A.
Bower will be chairman of the execu-
tive committee Mr.. Bower was for
neriy the head of the industrial de-
partment of the Detroit Trust Com
pany and has had much experience
in dealing with industrial problems of
financial nature. Donald D. Davis
and Thomas L. Pierce will be vice
presidents. Mr.. Davis was formerly
q member of the staff of the industrial
department of the Detroit Trust
Company.
New-York tribune., 1921-05-06
What a Dollar Acceptance Is

Guestton--ln connection with the Inter-
national Acceptance Bank, Inc, ono OF It's
@r'as,. ds ~ ., lnS granting of dollar acceptance
oaSui's' Wnat docs this mean I'll +. II.
Answer--We suggest that you write
to the American Acceptance Council for
bulletins describing the methods gov
erning the granting of dollar accent
anee credits. Briefly, an acceptance Is
an instrument of credit which has been
widely used in European and other for
eign countries for MANY wears. hut
which is just developing in this coun-
try. Prlor to the passage of the Fed
eral reserve act national banks were
not permitted to accept bills and no
progress was made in developing
market IN which bills could be freely
bought and sold, An acceptance is a
bill drawn by seller of merchandise
and accepted or acknowledged by the
buyer at the time when legal title to
the goods passes to him. The bill Just
described states when payment shall
be made and is prima facie evidence
of the debt This bill is d trade ac-
ceptance. When the buyer gets a bank
or acceptance company to lend it's
credit to him and accept the bill in
stead of him, the bill becomes bank
ers' acceptance. When the Interna-
tional Acceptance Bank, Incorporated,
grants dollar acceptance credits it will
be accepting bills for buyers of mer-
chandise. Dollar acceptance simply
means that n bill will be drawn in
American currency. Before the war it
was usual for 4Anericans, engaged in
foreign trade, to make payments
through bills drawn in sterling. Eng
land has long been the worlds banker,
and there arc many such corporations
as the international Acceptance Bank,
Incorporated, in London,
New-York tribune., 1921-05-06
Lessons Safety by Converting Bond

Queston--American Telephone and Tele-
graph per cent bonds, due August 1,
1925, are convertible after August l next
at LOG into the stock of the company at
par. On 81, 900 bond interest per year is
$50. With the dividend rate SO per share
per year, IL the bond is converted into
stock the dividend per year would be 500,
Do you think the exchange worth making
il safety Is alone to be considered ?-D. 8.
Answer-If, as you say, you are con-
sidering safety alone, there is no ex-
cuse for converting American Tele-
phone and Telegraph bonds into stock.
The bond comes ahead Of the stock, its
interest is fixed charge against the
earnings, while the dividend is not a
fixed charge and need be paid only if
and as earned. You are mistaken about
the conversion date. They have been
convertible since August last. The
conversion privilege is what makes this
bond sell so high. If you never intend
to convert, you ought to switch from
this issue into longer term issue of
equal safety, which will show you 8
higher yield on the market price.
New-York tribune., 1921-05-06
va.-Carolina Chemical stin Looks Good

ouestion-Among other securities pos-
Sa ssss $4,000 Virginia Carolina Chemical
Company 7Gs 1881, and, in view OF the
uncertain conditions surrounding the fer
uIizer industry; would appreciate your
able to hold on TO same or make switch.
The writer purchased the above at sex
Safety of principal ia the main requisite
Answer-It is true that the fertilizer
business is unsettled. Last year and
this year will be particularly hard on
the Southern planter, who is o large
buyer of fertilizer. On the otner
hand, Virginia Carolina Chemical has
previously gone through periods of de-
preston as severe as this is likely to
De and maintained large margin over
and above its interest charges. The
year 1912 was one of depression in the
South and the gross sales of the Vir-
ginia-Carolina Chemical dropped off
from S56,356,65S to $50,948,783. Even
in that year, however, interest charges
were earned 3A times, and in 1914,
when the South was very hard hit and
cotton down around cents, the Vir-
ginia-Carolna Chemical earned its in
the year ended May 81, 1920, it earned
its interest charges 4.37 times. We do
not think that conditions warrant a
switch. Your letter, however, brings
out point that is important. Such
industries as the ferti ilers, packing,
automobile, ETC., are speculative in their
very nature. At times in the past we
have recommended Virginia Carolina
Chemical TVS for an investor who can
keep in touch with general business
conditions. You are evidently doing
this and we welcome letter such as
syoprs, giving US occasionally chance
to revise our former judgment under
the light of new conditions, if it should
become necessary. In the case of the
Virginia Carolina Chemical we do not
think it has become necessary,
New-York tribune., 1921-05-06
Hopes to Sell Higher Later

Question: am thinking of buying about
on WScn oan msn se 10 get og a
higher prices IL / care to do so. What do
you think of these stocks: 100 shares
Cerro de Pasco, at 2S; 100 shares Texas
Oil. at ~; 100 shares Stewart Warner. at
20; 100 shares international Paper, at 609
Please send me q list OF good stocks OF
about the same price.--W. D. r.
Answer-You say you wish to sell
know prices are going to be higher
later? We do not attempt to fore
cast the course of the market for spec
ulative stocks, and advise you not to
risk your $4,000 unless you are
equipped by training and temperament
to trade in stocks.
New-York tribune., 1921-05-06
Doctor Inclines Toward Speculation

Question--Would you advise the pur-
chase Of American Tobacco common stock
for business mans Investment? 1t pays
large dividend at present, but sells at a
low price, out OF proportion to the net re-
turn. This fact makes me fear to buy. I
do not understand it.-Dr, J. J. L.
Answer-If, as you say, you do not
understand why American Tobacco and
many other good common stocks are
selling to yield SO high we fear you
are not we'll enough qualified to specu-
late in them. Trading in stocks of
this kind takes training, knowledge
and temperamental attitude, just as
your own profession does. In fact, it
is our observation that about rs per
cent of the physicians who ask our
advice use bad judgment in investing
their money. You may be an excep-
tion, but we would like to see you be
sure. Excuse us if we seem to be
reading you lecture. We know the
symptoms. Spring has something to
do with it.
New-York tribune., 1921-05-06
Investment
Information

Questions ei pencrai infercst TO IN
pts'ors toiH bs ansieersd ia this cot
s'nR, m snhsch case only initials will
oe ased. Others piN be anawered by
ssa'a Address aii inquiries, incics-
smg stamped, addressed envoIops, te
T'ndnctot Editor. The 1'rsbsas, ls4
Nassau Street, Nc,o York City.
New-York tribune., 1921-05-06
Erie Convertible Az

Question--Wil you kindly let me have
your opinion OF Erie convertible AZ. selling
around SO, for a business mans invest
ment ?--H. J. n.
Answer-We should consider Erie
convertible As as q business mans
speculation, rather than a business
mans investment. II the railroad
situation works out all right the Erie
will probably be able to continue its
bond interest, although it has tremen-
dous interest load. If the railroad
situation does not in the near future
improve the Erie may get into fnan-
cial difficulties, and in that case holders
of the convertible 4s would quite pos
sibly have to accept Observation-Disclosures
bearing securities.
New-York tribune., 1921-05-06
'Dends for Investment
gagris, Forbes & Co
Pine Street, cerHer Esill;aaa
MEga YORK
Bid and Asked

Following are the closing bid an
asked quotations of stocks listed on the
Stock Exchange in which there wer
no transaetions yesterday:
New-York tribune., 1921-05-06

4 llship,;so ip,l;sopoFticn of Me banks reserve
! sa.e sisy y 1927 per cent; last week
'stnt al Il1.s4 per cent. Rate Of dis
~ Per cent.
New-York tribune., 1921-05-06
Stocks Elk Dividend
?. Cent

Date Company r. Cent
May fo--Am Tobacco Co...
May To- do tenpy B. B...........
May 6--Atch. Top & S Fe Ry Co... IL
May io---Atlantic Petroleum, tempy,. 4
May 1o--Cleveland e. Pittsburgh gtd.. Il
May I0.-- do spt gtd d...... x
May 6--~Iitnots Central r. R q
May Ia--N Snipbusiding Corp
May s--Pitts g. w Va Ry Co pf.,. IA
May 19-~Pufe Oil Co
May ie-~United Cigar Stores Co -
New-York tribune., 1921-05-06

!. ~ Biz Asked Bid. Asked.
E5 assI 70 =. Keot & D NJ. 5 10
~ Ig q il59, ,s Grsss : Co. 4 SO
4 % r. e. q :, s esA g g krssge 1ss l5S
N leo Ilo3 1854 lr.acIeds Gas AG77a as as
- - va G.. lsH llsH g TIgs ( N R~loa 16s4
ms X la3E l6i fIW f,lINa 3S9 Sst p5 m ~ ~ 20 20
e e = 5A s. o3lasd a p'i Fl % 80 i52 1929.
Izs 1 pi IS 5ss. Naskag Ga :, Cos g sa'@ e
4 aiDos g y y Nah Coal $50 700
sssi ~ 2 sx Mallinspa 81 IS T., 4 ssh
spslsi Il & q q s snati az Z sugar 2 g
lso a ol w.. ..leS q La S3 Max n Cd pf. s IA
i9 geaning. los 1878 May D S ps. 1929
% opi..ese..I6s l09lA Mex Petrol pf So 90
Al Tkek 10 "a Mich Central. S5Is 81
la Slh 9h 10 MstP& sssM ri 60t6
D pf...... CD G3 Mont Power. 53sa SO
f s'..s ls s@ ls3s Mont ward 9S1s e +
5ah 10 pf 100 l62 Morris s. Ess. 81
Nfaf Lt . AZ 50 Atuu Body pf. Ss
@ Hs..... T6 g6 Nash & Chat. 80 1l0
Ho Sec. pf 90 30 Nat Biscuit. 110 116
tn y. le4 l0ila do pf -. no ll2
@ sssa issl sass e 8 e sS IA m { { St Pf Pf q q &
sae M ...,.. 10 s. Nat Lead pf. s05 107&
sSs:aisieG N - 4, s s. lst pf % Il
g g.s.... 81 90 n III & w. SIX 30
q sas, SO n Ship. ... "a 271s
ap, n g. R,,s !, ~ q 3s e SoTth Am 5s1s g
II5 j. 81: 5 sS' Il ss::l s::s E. E. 6 6 IS S
gep 80 Owens Bot ps - 100
d M g." Dt." e 80 Pacific Coast. II 50
Gls ( % ~ do ist pr. so 1o3
81 ti,se n Pits 551s Pettlbono ... 20 gs
g Fael pf 100 lO2 pbn M t1,s ~ s.''''A9 io5 "a
81 Z ist uf u lttA JeaASn 1u
q 9 s,,5 4 r & q pcc&Rsr &C E ctfs. q 81
"a Can NJ s@e 81 2 ~ y Ft w & C.1la
Iaas g s. Prs Pr 81 stsel r. r s. siA So So
y Bsen IsH 80 by SCI spg pf % 1lo
= saiia aas. & & oI4 Rand e slia =. siis as1s 1s
b 8 S,,.s g ReIs do + Sst cS;~ 4 SO
$50 At. Rem Ty iss pr - So
SUP. . II Rep / & pf 81 IS @
4. u. s5 81 sioss- Shelf pf. % IS
~ kedak s73 go S P r Sugar. % es
= e. lis ifs is5 Is5 sts8a aS p siii1ns.,es is aS
S.ss, p. 4 fS5 saosr sas 2 Stool Ii & & lsS e
sis B y;. IS Is Tent G L A. 10 A1s
n ..si'iPl Ss g g i Tot. e. I. Fssdi r. ss8 g
fsSe@ pss @ s.. 1h 8 sfStISW etfs, f1A Il
% ss pf g s. TWIN CITY Il T ss 4s
sN3 pf Ish 79h linton Tank. 100 los
" csn pi q "a tlo pH ... 96 100
e Hs 4 2eH TN Cig St pf 10t l0f
r :, y, lpi& JOSIAH Drug LIT ~ 45 45%
!, % IA a q a I'm Rv Inv pf o3 23A
!S MI -, " G4 lIlpd TSpew pf 1Gt 100
u Pan y S2% 90 us CTP&F pf. 80 4a%
ss san ~, " 1Gl y $ / Aic pg oS 905k
ga csn, - b5's US $ r. VI b. 46ss 80
Il Fac 73slF Raal fst pf T5 Ts
sns Tea 5g 5g West Pae pf.. g5h 6Tis
&GFs =, SSsF2 u iWestiagf pr. 5s IS
Hsser v wa - Yves Air BIKE 9s "a
sSeS ist pf as aS io5 Wick spen :. 1876 l61s
e9sg Bhaai ss 10, Lzg Wilson pf -. so 50
20 M 20 % Woe7woYth ps Ito
ess sse ~ eSS eSS s0 lW Pump pf A 10 80
% sS SSg do pf b.. G2h e5
New-York tribune., 1921-05-06
oank of England Statement

'.ent eattseoN, " May 5.-Thc weekly state
g,s y the Bank of England follows:
New-York tribune., 1921-05-06
Foreign Banking

ME New York Trust Company offers complete
banking service to firms engaged in trade with
foreign countries
The Company maintains relations with leading banks
in all parts Of the world 1t purchases and makes
advances foreign bis issues commercial and
travellers letters of credit sells travellers checks pays
interest deposits abroad and buys and sells foreign
exchange
The Company furnishes information regarding foreign
markets and offers facilities for obtaining credit infor-
nation and other data concerned with foreign trade
Officers will be glad to explain to those interested
the complete foreign banking service which this
company offers to its customers.
TheNewYork Trust Company
g0ih vhicb is eossoGdaksd
The Liberty National Bank
of New York
Capital, Surplus & Undivided Profits $2o,O00,000
1Eain Office
Liberty Office 26 Broad Street Fifth Avsnns Office
r2o Broadway s7h St. s. Fifth Ave.
New-York tribune., 1921-05-06
New Issue

to 2 announcements under the head
Ing OF Buainess Cards" appear t.af,y Il,
This Tribune Consult them for your nesda
New-York tribune., 1921-05-06

Lee, Higginson & Co. announced yes
terday on behalf of the syndicate that
all of the $5,5oo,ooo Connecticut Light
and Power Company first and refund
ing mortgage per cent sinking fund
gold bonds, due 1851, offered for public
subscription, have been sold.
New-York tribune., 1921-05-06

The issue of $1,5o0,ooo of Greater
Winnipeg Water District per cent
bonds, on which bids were opened on
ion Securities Corporation for distribu-
tion in Canada, it was announced yes-
terday. The bonds are being offered
on 6.35 per cent basis.
New-York tribune., 1921-05-06

Baker, Fentress & Co. Chicago, offer
mortgage serial bonds of the Tennessee
Stave and Lumber Company, which are
secured by 30,541 acres hardwood tim
122, 900, 900 feet of merchantable tim
ber, manufacturing facilities and other
assets valued at approximately So,
600, 900.
New-York tribune., 1921-05-06
Transaction

C OF Lyons 6s 1881
1894 5 80. 81
2 81 ! 5000 81
2 -. 81h II -. 671s
G of Mars 6s K of Belg Ss
1874 1871
New-York tribune., 1921-05-06

Guestton--In connection with the Inter-
national Acceptance Bank Inc. ono OF its
s Alfns IL The granting OF dollar acceptance
credits what docs this mean?--H T. Il,
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1921-12-11
POMP At FUNERAL
Of EX-MONARCH|S
SCORED BY PAPER
Less Devoted to Deceased
King Than to Deceased
Idea of Kingdom, Says
Coblenz Publication
BY Assoclnted Press

Coblenz, December i0.-The funeral
of the former King of Bavaria In
Munich was referred to as mon
archist demonstration by the Rhen-
ish Rundschau, a democratic news
paper published in Coblenz The ar
ticle, headed The Hopes of the Mon
archists." says the pomp and lux
ury displayed at the obsequies of the
late King surpassed all arrangements
of a similar affair even during the
best days of Germnay's monarchies
Recalling pre-war sabre rafting
days in Prussia, the writer asserts
that: THE pomp was less devoted to
the deceased King than to the de-
ceased idea of the kingdom. The
monarchists of the German states
p.., ID common human sympathy for
a dead king within the service of
their party idea, which aims at the
restoration of a monarchy in Ger
many.
AT a moment when millions Of
. Germans have not enough to eat, q
display of luxury was INDUCED in at
Munich which can hardly be de-
scribed- The entire management of
the ODSeQuleS was so brilliant that
the official members of the repub-
lican Bavarian government were tho
dummies at this monarchist demon
stration.
Whoever was not aware of the
character of the entire demoustra-
ton realized its monarchist tenden-
cies by the proclamation of Prince
Rupprecht. the former crown prince
of Bavaria. The ex-crown prince is
mot satisfied with the state of af-
fairs in Germany. But no one viii
blame him for that--as all his hopes
have been frustrated
"Rupprecht showed courage in a
kings speech to ALL wherein he
maintained that he succeeded TO the
rights of his father thereby mean
ing his claim to the Bavarian throne.
OF course, he has forgotten that twice
in three years he has renowned III
his rights as successor to the throne,
1T is the duty of all members OF
the government in state and nation
to protest against Rupprecht's at
tempt to incite the Bavarian people
against the other federal states IL
today a Bavarian pretender to the
crown presumes to agftate against
the fundamental basis of the. nation,
he is our enemy for it is we'll known
in Bavaria that the French policy
aspires at the ACKNOWLEDGMENT of Ger
many by attempting to separate Ba-
Varia from the nation"
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1921-12-11
Sale of $92, 10000 City of Bir'
mingham Public Improve
ment Bonds

After advertisement as required by
law. the following bids or proposals
were received by the Commission of
the City of Birmingham up to IL
o'clock, noon. on December /, 1921.
for the purchase of City of Birming-
ham SS2,000.00 6h per cent Public
Improvement Bonds dated December
l, 1921.
Marx and Company bid ss4.slo.oo
with accrued interest to date of de-
livery.
Steiner Brothers bid s93,96S00 with
accrued interest to date of. delivery.
j. ii. Hilsman and Company bid
s93,444 40 with accrued interest TO
date of delivery.
Sidney Splitter and Company bid
Ss2,4Ss.00 with accrued interest to
date of delivery.
Ward, Sterne and Company bid SEQ. :
9S3.00 with accrued interest to date
of delivery.
Splitter. Rorick and Company bid
SsS,0l2.00 with accrued interest to
date of delivery
r. NJ. Grant and Company bid y94.-
1868 with accrued interest to date
of delivery.
d. E. MLENDON,
President of the Commission OF the
City of Birmingham.
Age-Herald, December 2, 8. 4, s, 6,
T. s, 8, 10 and IL, 1921.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1921-12-11
MARINE NEWS

Port Eads, La. December 1Q.-Ar-
rived; Afoundria.( Mobile; Devolenta,
Mexico; Gran (Norwegian) Belize;
o. t. Waring, Wilmington; Polarine.
Tampa.
Sailed: Gladysbe, Tampico; Iago
(British), Amsterdam. Melona (BriC-
ish), Tampico; Montgomery City,
Shanghai; Nussian (British), Liver
pool Sosua (Norwegian), Belize.
Mobile, December 10.-Arrived:
Bayou Chico, Pensacola; Jim Sid
(tug), New Orleans, towing barges
City of Antonio and Semper Fidelis;
Derby Line, Tampico; Richconcal.
Baton Rouge; Pleiades, San Fran
cisco.
Sailed: Hugenot, Port Lobos; Cat
wood, Port Lobos; Quabbln. Port Lo-
bos; Altamaha, New York via Tam
pa; Nyanza, Pacific Coast via New
Orleans
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1921-12-11

Copyright, 1921, by The Age Herald)
Washington, December 10.-Secre-
tary Hughes has won such interna-
tional and undying fame for the mas
terry of his addresses at the Washing
ton conference that perhaps 1t is per-
missable to tell of one historic oc-
casion when he failed to make any
sort of hit on the rostrum. He had
not learned in those days to call bat
tleships by their first names or to
rattle off ratios like the captain of a
we'll drilled football team. As mat
ter of fact, IL was Mr.. Hughes first
political speech, and TO carry the
football simile still further, he fun-
bled it.
The setting for the speech was the
village opera house at Lyons, N. Y,
and it was the first night OF the
Hughes campaign for governor in
1906. Just why Lyons should have
been selected for Mr., Hughes bow
TO the free and untrammeled voters
of the Empire State, no one ever
knew We had whirled up from New
York city through beautiful autumn
day We had passed through dozen
populous cities, where the opening
gun might easily have been fired, but
for some reason or other the apple
farmers of Wayne county had been
selected as the first nlghters. Anc
perhaps It was just as well.
Mr.. Hughes was fresh from his law
office in the city cahyons-fresh from
law practice which had dealt with
big business, including the famous
insurance Investigation. His mind
dwelt upon technical details. There
had been a gas scandal" in New
York city as we'll as an insurance
Il. ~ \ rl1f
that Metropolitan Gas might be made
an issue in the campaign.
The opera house was crowded by
the apple farmers--all of them wear
ing whiskers, therefore anxious to see
Mr.. Hughes and his own particular
whiskers. The apple farmers felt
they had a bond OF sympathy with
the candidate with those whiskers SO
they applauded politely when the
candidate walked forth and was in
troduced. But then they sat back and
continued TO just sit there, the re-
mainder of the very frosty evening.
Mr. Hughes began by talking about
Metropolitan Gas, about the bona
fides" of certain transactions in
Metropolitan Gas and the 'fiduciary
obligations connected with certain
undertakings in Metropolitan Gas and
he failed to warm up as he went
along.
The apple farmers looked at him
with blank amazement and shook
their heads, 1t was a chilling start
Mr. Hughes felt the Icy blast which
met his maiden effort; but in a week s
time~he was a political whiriwind- He
forgot about bona hdcs and fiduciary
obligations and began TO hit out from
the shoulder and had Mr.. Hearst, his
opponent, on the run. The election
became personal triumph for Mr.
Hughes. for nearly the entire demo-
| cratic state ticket with the excep-
| ton of the head was elected. Before
the campaign was over, Mr.. Hughes
| could dictate a 5,000-word speech IN
advance, give ii to the newspaper
correspondents and then get up and
deliver that speech virtually word
| for word without ever looking at
| note.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1921-12-11
Men and Affairs at Washington

fetal functions which have marked
the conference. Not the least dis
tinguished of those who have suf-
fered has been Vice President Cool
idge. The vice president is not what
you would call garrulous under any
circumstances, but when he is con-
fronted with the Frenchmen his con-
versational surrender is complete.
In this connection there is an in
teresting story of his first meeting
with Marshal Foch. The marshal WAS
accompanied to the vice presidential
suite by the French ambassador. M.
Jusserand. The marshal, in acknowl-
edging his introduction to Mr.. Cool
idge, proceeded to make a pretty
little speech in the very best of
French. 1t was M. Jusserands duty
to interpret the same, but the am
bassador, becoming excited, began TO
repeat the speech in French, instead
of English. The vice president lis
tened patiently. M. Jusserand con-
cluded with flourish
But. Mr.. Ambassador" said Mr..
Coolidge, II am afraid l do not un-
derstand you any better than did
the general"