davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-12-14
s5,O0O,O0O CIGAR
ISSUE Is PLANNED
United Stores to Offer Pre-
ferred Stock to Share
holders at 1O5.

Following the return OF George +.
Whelan to active management of stores
of the United Cigar Stores Company,
the first move was announced yes
terday divulging plans to open 500
additional stores. making $500 in all.
To provide capital for the undertaking
without impairing its present cash posi-
ton, the company has about completed
arrangements to issue $5.o00.00o par OF
preferred stock, which will be offered to
its shareholders at around los. It has
been underwritten. The company has
no need Of the money at present as it
does not owe anything to banks.
The official statement said further /:
TT is the belief Of the management that
business conditions are changing TO such
an extent that by the opening Of these
new stores gross sales- can be increased
TO not less than $110,000.000 q year.
Owing to the high cost of money no
effort has been made to extend the
business for the last year. This Is con-
sidered an opportune time to acquire
money at low rate and also to acquire
the necessary real estate.
Investments of tho company's real
estate department leases under contract
show a profit Of S20,000.oo0. The real
estate department is now earning at the
rate of above s1,60o.000 a year on an
investment of s4,000.000 taken out of
past earnings of the cigar stores. With
the proceeds of the S5.000,000 Of new
stock the management viii be in POSI-
ton to take full advantage of the great
increase In the tobacco business that
seems assured for the coming year."
The New York herald., 1921-12-14
TRUST COMPANY TO
GO INTO NEW HANDS
Samuel McRoberts Heads In
terests Negotiating for Met
ropolitan's Control.

New interests headed by Samuel Nc
Of the National City Bank. will come
into practical control Of the Metropolitan
Trust Company provided that plans
which have been worked on for q month
are carried through. It is understood
that the McRoberts interests will pos
sess about 40 per cent Of the trust COM
pany's stock as soon as the plan II con-
summated. That percentage is sufficient
to give working control Of tho company
IN view or the widely scattered holdings
of 10000 shares OF its stock.
The rumor Of the nearby assumption
of the presidency OF the Metropolitan
Trust Company by Samuel McRoberts
was confirmed yesterday by Harold B.
Thorne acting president Of the company.
H. I. Pratt resigned as president on
June 1. effective on September /, but
hitherto no announcement OF that
change had been made. Mr.. Thorne a.
senior executive said yesterday:
Negotiations are under way. which we
are hopeful will be consummated within
ten days, by which Samuel McRoberts
will accept the presidency OF the Metro
politan Trust Company. II Mr.. McRob-
erts accepts, which we hope he will do.
ne Will bring four or fve new directors
to MI existing vacancies. These men
will represent largo interests and will
acquire stock under tho option pledge
described In letter sent to stockholders
on November 10. This letter asked
stockholders to pledge a proportionate
amount Of their holdings under an op-
ton to sell to Mr.. McRoberts and as
sociates."
The stockholders of the Metropolitan
Trust Company number 400. owning 20.-
900 shares Of stock. OF that total only
four own 500 shares or moro and $50
own 100 shares or less. In other words
the holdings of tho company's stock are
scattered and II will take perhaps ten
days to get the pledges IN.
The New York herald., 1921-12-14
BANK PAYS BONUS OF
Top. C.. TO EMPLOYEES
Chatham and Phenix Also
Clues Insurance.
Trustee

The Chatham and Phenix National
Bank voted yesterday its employees a
bonus of 10 per cent. of their salaries
received from the bank during 1921. half
to be paid as a Christmas gift and the
other half on July 1 next to those who
remain in the service Of the bank On
December "a they will be presented
with health and accident insurance
policies for amounts equal to their an
nual salaries. with provisions for sick
benefits, &C.
The First National Bank has de-
clared q regular quarterly dividend Of
10 per cent. and an extra dividend OF
10 per cent, payable on January to
its stock of record on December 81. The
dividends include the First Securities
Company stock. The Bank of New York
has declared It's regular dividend of 5
per cent. and an extra of per cent.
payable on January 3 to its stock OF
record on December 81.
The New York herald., 1921-12-14
BUSINESS NOT YET NORMAL.
Basic Conditions Have Improved
Over Country, Says Harding.

WASHINGTON, Dec. 13.-Basic busi-
nes and financial conditions throughout
the country have improved greatly dur
ing the last year, but normalcy is to be
attained, Governor Harding of the Re-
serve Board. declared tonight In an ad-
dress here before the Washington Cham
Der OF Commerce.
."It is my sober conviction" he said.
'ehat Basic flnacial conditions in this
country are very much better than they
wcr twelve months ago. There are
many surface indications which bear
out this statemnt, and those who know
the general situation appreciate this
fact. Business has passed through the
primary stage. the acute period Of re-
action. but we have not yet reached
normalcy, for the readjustment has not
been Uniform"
The New York herald., 1921-12-14
STAND FOR NO CUTS IN
WAGES or TRAININEN
Carter and Stone Issue Orders
TO Union Officials.

w. 8. Carter. president Of the Brother
hood OF Locomotive Firemen and En-
ginemen, and w. s. Stone. president of
the Brotherhood of Locomotive Engi-
neera have sent to all local and gen.
eral chafrmen of the two organizations
joint letter setting forth complete in
structions for their guidance in meeting
the railway managers In the approach
ing conferences on wage cuts.
The letter orders the local union Of
cials under no circumstances to agree
to the joint submission of disputes on
working rules to the United States Rail-
road Labor Board or to any requests
for further reductions In wages. In
structions are also given that the en-
ployees demand new rules, under which
they would be paid for expenses in
CURED In work away from home.
The New York herald., 1921-12-14
NEW COAL COMPANY FORMED.
Gano Moore VIII Purchase Seven
West Virginia Mines.

The oano Moore Company. ~ Beaver
street. has formed a new corporation
called the Gano Moore Coal Mining Com
pany to absorb the business of the Gano
Moore Company and Courtright, Dim
mick & Cunningham, Inc, and purchase
seven coal mines in southern West Vir-
ginia on the Norfolk and Western and
Chesapeake and Ohio railroads.
The officers of the new corporation
will be NJ r Gano. president and chair
man Of its directors; w. II. Cunning
ham, III. c. Matlaci. r. d. Dimmicls.
vice-presidents G. G. Gano, secretary
and treasurer, and R T. Garfein. fiscal
agent The directors will consist of the
above mentioned officers, Alfred Osie
and Frank Enslow.
The capital stock Of the Gano Moore
Coal Mining Company will be $500. 900
of 7h per cent. preferred participating
stock and sS,000,000 OF common stock.
The New York herald., 1921-12-14
c. p. OFFICERS WOULD
HOLD SEVERAL JOBS
Ask I. G. G.. Permission to Re-
tain Places.

WAsHrNoroN. Dec. 13.-Onicers of the
Canadian Pacific Railway, including
Lord Shaughnessy, asked to-day permis-
sion from tho Interstate Commerce
Commission, under the Interstate Com
mercc act, to hold their places as off,
GERS of several American corporations
subsidiary to the main system.
Several decisions were handed down
to-day in similar applications recently
filed. Howard Elliott, chairman of the
board of the Northern Pacific( was per-
mitted to retain eleven places, including
directorates In the New Haven and the
Burlington railroads. and Charles Hay
den was permitted to remain director
OF the Pere Marquette and other cor
porat1ons
The New York herald., 1921-12-14
F. g. LEE MADE CHAIRMAN.
Banker Heads Finance Committee
of Famous Players-Lnsky.

Frederic q. Lee. formerly president
OF the Irving Trust Company and now
vice-chairman OF the Irving National
Bank. has resigned to accept the active
Craftsmanship Of the finance committee
of the Famous Players-LaslSy Corpora
tion. but will continue to be a director
of the bank, according to an announce
ment yesterday by Lewis E. Pierson.
chairman of the board. Mr.. Lees SER
vices were sought by Adolph Zukor, who
said yesterday:
Mr.. Lee was the first banker OF the
United States to make study OF the
motion picture. business and to recog-
nize It as sound investment, as he well
coined tho business Of picture producers
long before other bankers had come to
recognize the sound business possibili-
ties of the screen"
The New York herald., 1921-12-14
MOLINE PLAN OPERATIVE.

#. o. wetmore. chairman Of the reor-
ganization committee OF the Moline
Plow Company, declared yesterday the
plan of September 90, 1921. operative.
The plan has been accepted by at least
9S per cent. of the company's creditors.
The reorganized company will begin
busines without any current liability.
Under the plan old creditors OF the COM
pany will receive preferred stock and
long term debentures will be issued by
the new company. Interest ls funded on
the departures up 20 eeptcnber 1, 1929.
The New York herald., 1921-12-14
GRAIN MOVEMENTS HEAVY.
Buffalo Receives 100000 Bushels
by Lake ana Rail This Season.

BUFFALO, Dec. 18 (Associated Press).
Nearly 100000. 900 bushels Of grain
have been received by lake and rail this
season. indicating a high record for ten
years and one OF the heaviest move
ments OF grain in the history Of this
port.
Every elevator on the waterfront Is
full and fifty-four freighters are moored
In the outer harbor with 100000
bushels Of grain In their holds. Some
grain afloat will be moved to the sea-
board by rail before the harbor freezes,
but much will be held aboard until
spring.
Up to the present time 17s,s4s,o 900
bushels OF grain--wheat corn, oats, bar
ley and rye-have been elevated from
lake steamships; 2s,00o.0 900 are afloat
In tho harbor; the rail movement is
estimated at s5.o00,0 900 bushels and an
additional $4,000. 900 bushels are expected
from upper lake ports before the sea-
son closes. total OF 252.64s,ooo bushels
The New York herald., 1921-12-14
MONEY MARKET.
TUESDAY, DECEMBER Is

TUESDAY, DEcEsrBER fs.
High. ............ & Year: hisf,. hiiiifi. .......
Low. w.............. Years low. ..... ST.
TIME LOANS.
Mixed collateral. 4 TO months bT15n
Industrials, 60 to 90 days. ........ 56p5i
Industrials, 10 months. ..... 5615t
COMMERCIAL PAPER.
Best names. 4 TO months hs.....s
Other names, to months. y575n
DISCOUNT RATES. RESERVE BANK.
Commercial paper, 'f5 days, Az; go N IN
days, AZ; Liberty bonds and Victory notes
ecceptances. IS to 90 days. Az
sFixed November 2. Previous rate. A.
fixed September Fl.
OPEN MARKET RATES.
Call loans on acceptances. AUG
Discount rates on prime bankers accent
ances eligible for purchase by Federal RE-
serve Banks.
Bid; ASK, pidAsk.
so days. 49,. az Az 100 days.. az aH
CLEARING HOUSE STATEMENT.
Clearing House exchange $3.50. 500 ooo.
balances. 500 100000: Federal Reserve credit
balances, s55,60o.00o.
SILVER MARKET.
Official bar silver in New York, domestic,
03Wc.. unchanged foreign. 651hc. Off Nc.
London. 347sd. off I'D: Mexican dollars,
4o4.c. off fc.
The range of silver prices this year:
Highest. Lowest.
New York;. 7iAc. Sept. q $50. Mar.
The New York herald., 1921-12-14
Ia 17AhlA.nnn
NOT TO SEEK FOREIGN TRADE.

The American wooien Company has
given up all efforts to compete In for
eign markets with goods made here or
with foreign made goods. It's export
subsidiary. the American Woolen prod
ucts Company. accordingly will be dis
solved. That step was forecast by the
recent decision to convert Its warehouse
at Andover formerly devoted to the ex-
port trade. into q Shawsheen manu-
featuring unfit
The New York herald., 1921-12-14
RECORD GOLD SHIPMENT.

SYDNEY. Australia Dec. IA record
rhipment OF approximately $4,000. 900 I'm
gold to the International Banking Cor
poration. San Francisco. has been made
or the steamer Ventura. The Common
wealth Bank made the consignment
The New York herald., 1921-12-14

PARIS, Dec. 13.--Prlces OF securities
traded In In the Bourse to-day moved
Srregularly Quotations at the close of
trading we're as follows:
The New York herald., 1921-12-14
FOREIGN MARKETS.

: LONDON. Dec. 13.-Prices of securi-
ties traded In In the London stock Ex-
change to-day were steady. Quotations
a. the close of trading follow:
; 'Bar silver. 34Td. an ounce.
Bar goid pss. "a.
Money. 2h per cent
Discount rates: Short and three months
blils, 3h per cent
- Two and one-haif per cent consoIs, 81.
British per cent. war loan, eOH.
British ~ per cent. war loan. s2it.
de Beers, or.
Rand Mines, 2h.
The New York herald., 1921-12-14
OPEN MARKET RATES.
CLEARING HOUSE STATEMENT.
SILVER MARKET.

Clearing House exchange, $3.50, 500 600 !.
balances 500, 100000 Federal Reserve credit
bataucea ar. 600 600
The Clovis news. [volume] (Clovis, N.M.) 1907-1929, 1921-01-13
GRADY COOKING TEAM
GOES TO STOCK SHOW

Accompanied by Mrs. Edna Hume
Durand, the Grady Cooking team,
composed of Misses Olga and Leah
Carter and Anna Gamble, left this
morning for Denver where they will
compete for honors in the club con-
tests at the National Western Stock
Show.
This team, which won first place
in the Curry County Boys and Girls
Club contests, recently took first
prize in the state contests, and will
represent New Mexico at Denver dur
ing the stock show.
According to Mrs. Durand, the
team will give demonstrations every
day during the week, and while a
number of teams will be represented,
the Curry County team expects to
bring home another first prize.
The Clovis news. [volume] (Clovis, N.M.) 1907-1929, 1921-01-13
FIRST NATIONAL ELECTS
OFFICERS AND DIRECTORS
A. Mandell added to Board Of Di-
reetors. No Other Changes
in Officials Of Bank.

At a meeting of the stockholders
and directors of the First National
Bank Tuesday night, A. Mandell, Of
Mandell Clothing and Dry Goods
Company was added to the director
ate Of that institution. Mr.. Mandell
is a substantial and successful busi-
ness man whose counsel on the board
Of directors will be valuable. This
was the only new officer or director
elected and the following will serve
the bank during the coming year:
President, C. W. Harrison.
Vice President, G. P. Kuykendall.
Vice President, Hamlin 0verstreet.
Cashier, L. B. Gregg.
Directors, C. A. Scheurich, A. Man.
dell, L. B. Gregg, D. W. Dunn, W. l.
Luikart, G. P. Kuykendall, H. Y,
Overstreet, H. A. Miller and c. W.
Harrison.
First Mortgage Loan Co.
The same directors will serve the
First Mortgage Loan Co. Walter W
Mayes was reelected secretary and
manager Of the company.
The Clovis news. [volume] (Clovis, N.M.) 1907-1929, 1921-01-13
CLOVIS TEAM WINS FROM
CANYON NORMAL, 3S-32
Diagonal Five" Proves Basketball
Superiority in Fast Game
in High School GYM,

Shooting baskets at will the Clovis
"Diagonals" trounced the basketball
team from Canyon Normal by score
of 38 TO 80 in the first game Of a
double header in the High School
Gymnasium Wednesday. AT the end
Of the first half the score stood 2l
II in favor Of the home team,
The visitors scored 2l points to the
II scored by the locals in the last half
and showed superior team work
throughout. But they were unable to
compete in basket shooting with the
former Clovis High stars.
For the home team Crow led the
scoring with 1S points. Howell
scored ID points, Pendergrass and
Hobby 2.
The Clovis lineup follows: Crow
and Pendergrass, forwards; Howell
center; Montgomery and Hobby
guards.
The second game will be played in
the High School Gymnasium this
evening, beginning at TOO o'clock
and fast game is assured,
As a preliminary, the second team
of the High School will clash with
the team from Hollene.
The Clovis news. [volume] (Clovis, N.M.) 1907-1929, 1921-01-13
STOCKHOLDERS OF BANK
DINED AT HARVEY HOUSE

The stockholders of the First Ma
tional Bank and their wives as well
as the employees Of the institution
enjoyed a banquet at the Harvey
House last Tuesday evening. The
banquet was held following a busi-
ness meeting Of the stockholders and
directors of the bank at which time
officers and directors for the coming
year were elected.
After a delightful banquet was
Served, c. W. Harrison, president OF
the bank, acted as t)astmaster and
short talks were made by heads of
the different departments of the
bank showing the way the work of
the bank is handled and the success
and progress it has made during the
past year.
Walter W, Mayes, who is active
manager Of the First Mortgage Loan
Co., told of the progress that brancl
of the bank had made during the
past year and following the talks by
the several officers and men of the
different departments, several stock
holders responded with short talks.
Will II. Pattison, president OF The
Curry County Farm Bureau, express
ed appreciation for the interest the
First National Bank had taken in thu
farmers work and the Boys and Girls
Club work. The bank this fall made
every boy and girl completing th'
club work a present of a small banl
and started each one off with sav
ing account.
The Clovis news. [volume] (Clovis, N.M.) 1907-1929, 1921-01-13
PARISH RESIDENCE OPENED

The opening of the parish resi-
donce of Sacred Heart Catholic
Church Wednesday afternoon and ev-
ening of this week was one Of the
most successful affairs of the season.
Guests arrived to inspect the build
ing during the afternoon from 23O
to 5 80 and in the evening the large
rooms were filled with guests from
700 o'clock till / 100 o'clock.
Miss Agnes LaLonde furnished in
strumental and vocal music during
the afternoon and also in the even
ing assisted by a number of the young
people of the parish. Special men,
ton should also be made of the music
furnished by Mr.. Henry of PittsbTg,
Pennsylvania, a member Of travel
ing orchestra, and Mrs. Will Clark
of Clovis, whose voice always de-
lights her hearers.
Rev. Francis Stuerenberg and Rev
Raymond Mullgan, Of Carlsbad, Rev,
Roman Kramer, and Mrs. J. T. Wang
Ter of Carlsbad, attended the opening
The parish residence has recently
been completed at a cost of $4,000
or more and is beautiful and mod
ern structure.
The Clovis news. [volume] (Clovis, N.M.) 1907-1929, 1921-01-13
10 POTTER COUNTY
PRISONERS ESCAPE

Amarillo, Texas, Jan. 13.-Rushing
Deputy Sheriff Fred Cobb and Hall
Massie, trusty, as they were placing
can Of syrup in their cell on the
north side Of the Potter county Jail
at S:l5 o'clock last night, ten men,
charging with crimes ranging from
burglary and bank robbery to crimi-
nal assault, overpowered the officer,
stripped him of money, gun and
keys, and with warning threat that
both officer and trusty would be
killed if they raised an alarm, made
good their escape from the Jail by
means Of rope ladder through a sec
ond story window in the rear, the
bars of which had been previously
sawed in two. Two men of the twelve
voluntarily remained, behind, these
being C, J. Waller, charged with
transporting a stolen automobile from
state to state, and J. H. Carter, from
Panhandle, charged with burglary.
Waiting under the threatening
muzzle of his own revolver until tht
last man had disappeared through the
rear window on the ladder Of blankets
which the prisoners had made, Deputy
sheriff Cobb then raised the alarm
He called for fifteen minutes before
help answered him, others in the low
er part of the Jail believing that i
was one Of the prisoners, while pc
destrians thought it was the voice o.
some unduly elated criminal. Deput!
Sheriff Pettinger then answered an'
was informed that the middle door o.
the Jail had been locked by the pris
oners. He secured key and released
both officer and trusty and immedi
ately notified all neighboring town
of the Jail delivery, asking officer
to be on the lookout for the escaped
men.
The Clovis news. [volume] (Clovis, N.M.) 1907-1929, 1921-01-13
Clouis Authorities Pick
Up Austrian Deserter

weeks. No evidence could be secured
and he was given 500 and literally
told to "beat it," He made his way
to Canada where he worked until hard
times came, and then sought new
fields.
Twenty-one days ago he discovered
the United States when he crossed
the Canadian border at night via the
box car route, and eventually land
ed in Clovis.
Milakovitch speaks good English
and says he is a college graduate.
He is still an alien enemy, accord
ing to Inspector Reynolds, and since
his entrance into this country was a
little out of the ordinary, he will be
deported to Austria within the next
two weeks. Mr.. Reynolds left for
FL Paso with his prisoner Thursday
morning.
81 don't want to go back to Aus
tria," he said just before he started
to FL Paso. They'll shoot me for
deserting from the army il they find
me, and if they dOE't shoot me I'll
stave to death
The Clovis news. [volume] (Clovis, N.M.) 1907-1929, 1921-01-13

A free ride across the United
States; ten-day visit as the guest
Of Curry County, and the promise Of
free ride to Europe, is some record
to make, but is was made by Auriel
Miakovitch, deserter from the Aus
trian army.
The international tramp was picked
up in the local railroad yards recent
w by A. B. Hubbard special officer
for the Santa Fe, and landed in the
county bastile for ten days on a
charge Of vagrancy. In the mean
time, Immigration authorities at I'll
Paso were notified, and Milakovitch's
story came to light when Lewis B.
Reynolds, immigration inspector, ar
rived to investigate.
Mlakovitch is native of Austria,
is "a years old and served in the
Austrian army during the world war
Deserving from the army in 1917 he
shipped for Canada, and within a
short time gained passage to Liver
pool as a stow-away. He worked in
the shipyards there for a time until
he was arrested as a spy, and was held
in the Tombs at London for sis
The Clovis news. [volume] (Clovis, N.M.) 1907-1929, 1921-01-13
ELECTED JUSTICE
VIZ OF PEACE IN PRECINCT l

Only a light vote was polled in the
precinct elections for Justice of the
Peace and Constable Monday. In pre-
cinct l, Judge ]. p. Noble, with no
opponent received 208 votes and ].
H. Monzingo won over A. B. Hubbard
by vote of l69 to 80, for constable.
In precinct No. 0 Ben F. Moss was
elected for Justice of the Peace over
A. Romero by a vote of 81 to 8, and
Tom Davenport was elected without
opposition.
Other precincts follow:
Precinct 4, St. Vrain.
For Justice Of the Peace, A. v.
Shull; for Constable, B. c. Griggs,
(total votes not yet reported.)
Precinct 7, Grady.
For Justice Of the Peace, Asa T.
Cox, 81; P. L. Meredith, 10; j. M
Stanfield, / Sam Bass, /. For Con.
stable, Jim Stanfield, 80; p, L. Mere,
dith, /,
Precinct IL, Bellview.
For Justice of the Peace, J, p
Trapp, 10; B. j. Pulliam, s; W. Evan.
|. For Constable, j. p. Chitwood, II
Leroy Briscoe, w. f. Brown, /.
Precinct l3, Pleasant Hill.
For Justice of the Peace, C. C. Cox
8; j. A. Smith, /. For Constable, +
c. Wilkinson, 8; c. NJ. Page, /.
Other precinct reports have not beer
received by the county clerks offic,
up to the time the paper goes t,
press.
The Clovis news. [volume] (Clovis, N.M.) 1907-1929, 1921-01-13
CLOVIS HIGH BEATS
SANTA ROSA, 42-25
Local Basketball Team Takes frat
Game of Years Schedule at
Santa Rosa Friday.

Playing a consistent game all the
way through, Clovis High School
basketball team defeated Santa Rosa
High School team by a score Of AZ
to 25 last Friday evening.
Clovis took the lead early in the
game and at no time was in danger
Of losing.
Those making the trip were Fore
man, Sledge, forwards; Kent Hunt,
center; Anderson and Jones, guards
Glenn Hunt and Frost, substitutes.
Prof. L. c. Parker accompanied the
team.
The next game will be played at
Portales next Friday evening, and
the team will appear on the home
court the following Friday, probably
with Santa Rosa.
The team is getting in good shape
now, according to Nj. Parker, and
their chances are good for another
championship team this year.