davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-03
Land Mortgages kno1uu
q Thousand Years AGO

'.(NE of the most impressive fe4-
lures Of real estate mortgages
IS their antiquity. Writings in
cunciform characters on ancient
pottery, recently unearthed in
Mesopotamia, show that there we're
mortgages on real estate in 200
q. C.' which proves that this his
toric form of investment is GER
fainly 1000 years old and probably
very much older. AS man is, in the
very nature Of things, alwoys de-
pendent on the land for meeting his
every need, an investment secdred
by his residence or his place of
business is based upon that which
is fundamental to his existence.
which he must have ant which he
will protect at any cost.
"A FIRST mortgage on real estate is.
therefore, not only the oldest bat
It is the soundest and most stable
Of all investments. That this is
generally recognized is shown BIZ
The provision Of the law which per-
mits savings banks in the State Of
New York to invest SIS per cent of
their deposits in first mortgages
and by the fact chat the laws of
every civilized country give prefer
ence to real estate first mortgages
as IN investment for the most care
fully guarded trust funds Law
yers Mortgage Company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-03
Masterpiece Of Domestic
Comfort Is This Weeks House
Colonial Design in St'icco and shinge Topped With
Germantown Hood j. as Delightful Com
bination as Home Builder Can De.r.

space tor entertaining living room
dining room and the irnpregsivelv lsr,'
hsl. With its nice Colonial sta;rv,,
Lighted By q windo. OH the land;ry
The kitchen is ample and cool Vii,
cross draft. II is a gas kitchen. r.
CURING no ehimney, oH,, q Fentiias:..,
fue. There is large store room ~
Joining, where the OUTSIDE icing
frigerator car be PIT, and s1caS. =.
closet. Liberal cupboards, close.
porcelain sink and arainboards A..
also part OF the food laboratory.
The cellar, reached from the kitcse,
through 81 entrv Leading also . -
service path from the street, con.si,..
the heating unit, coal forage, larnar
stor. rooms; etc. II ig, ~ Fact. Arr.
enough to PIT in Srll sized h:i'iars
room, If desired
Private Premises of Family
The second story has two bedroom.
and al owners bedroom. The latte
occupies the entire front Of the neus,
and has windows or .E---e s:des Il bs<
SEPARATE bath. To guee - or chi,
dren's bedrooms overlook the 2arde'
They are smaller. DIT wei designed AZ
are not crowded
In ali the house mas eigs. clos.,s
exclusive Of what one might 40 via
the attic, where there Is room for !,
maids room, bath and any amount Il.
storage, play room, etc.
House WIZ Fit Amy 5o-Foot Pho,
The house will go on Any los N.Y.
feet vide or more and have room O..
each side for building restrictions M
& driveway 70 garage. With It'll.
planning small plots can be attrac.iv.
~ arranged and appear much lsrepr
han they really are. Here is a rooT
house Of moderate cost; Of simple line.
meaning low repair cost, yet ARTISTS
and Of such good taste in every deta,
i viii never be out Of date or proclaim
itself as built during such and such :.
period.
Builders Of houses not under e1
perienced architectural guidance cor
tinually run the risk Of Interpreting :
fad IS "style." This will do vt
socks and wall paper, but not with i.
home you expect to occupy and vow
friends 70 criticize as long as you live.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-03
Best Stucco Methods

Questiorl--M-ould you kindly advise ne
-: - to Which q the following methods Ii,
TO nall sheathlng to the studding, then .st
paper. and ove- that s:ucco on meta! iath.
or ~ 70 natl the metal lath direc.i, to-
the studding and forcing the stuccc
through the lat. go that /: forms an OUT
s.He wal *, inches :h.cs. then adding =
back p!aascring between me stvds?-j. H.
Answer-The better Of the two meth
ods mentioned is to use sheathing On
ehe stud walls for exterior etucco. ihen
tar paper and metal lath on the outside.
rather than metal Latin on stud walls.
direct, and back plaster. The aheath:r2,
stifFens the building and makes warn
er house II no sheathing IS used thc
building vibrates and in time crack !,
The stucco, also considerably more Goa.
will have to De used to hea. the houss
n winter II sheathing sad paper are
not used.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-03
By Luther C. Allen
o. J. D. Johnson Conapo7sy

The baths Of ancient Rome 80 won
derfu!ly pictured by painters anc
story tellers, do not compare favorably
with the modern bath. Judged by
standards prevailing before the corn
ing CT Christ these baths were won
derfa'. but measured by standards Of
to-day the glories Of Rome, marks OF
the highest degree Of civilization in
the ancient world, would be declared
unsacitary and likely be condemned
as nenaces to the health of users.
Sanitary experts and manufacturers
work hand in hand in the field Of
plumbing. They are partners striving
steadily Tor the betterment OF hu-
manly. Research mas developed The
the feet that many ailments Of the
pas can be attributed to unsanitay,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-03

The Tribune OF Sunday. March s,. tn.
gabo IRON raehinge Torcan metal, WIN
you please tell tne how these metals com
pare vim galvanized iron. also copper
The Two names are new to me. but ! An.
sure both must be good or you would NOT
naVe them IN the spec.Hca.ions-- q. n
Answcr-Toncan metal is pure iron.
1t comes plain or galvanized. It viii.
ouslast commercial galvanized iron. The
word gabo iron was rnisprint ard should
have been galvanized iron. The cost
rating Tor galvanized iron, Tonc.u
metal and copper are So follows: Ca
vanized iron, cents, Toncan metal 1oi:
cents, and copper 20 cents, carload lots
at mill
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-03

"a NN'
49, W. IS really no dlnculty anous
cue oui'o'ng OF house any more than
- 's'N0'Veu IN any other bushes propo~
sl9Si' t'oVloihg you are wiling to
1ppsy ."e same common sense to this
essen mat you apply to The ordinary
The building is too oft.n sta-+oa SO
fcre the samiiys IDEAS are ali n,,t ON
paper IN form Of plans and specjf;cs
lions rms Is due in great measure 70
'fac. ie'ng too much economy in bar
aiming with your architect. His lee
NNouiu oc adequate to allow min, TO
axe some perspectivcs of The main
Ems showing exactly what your eve
VI behold when construction is CON
l"ts.
hen. AGAIN. gei full benefit Of his
erslceS by exOlAininr vour reou;ro-
aents explicitly so that his plans WIN
moody n the outset as much az pos
>soie o. What YOU desire in . home AND
"a nat you car afford Don't let vour
rcnltcct use las efforts in designing 8
edtifui nt,se thai you would liEe 70
rave t01 calne' ~. Tor Get every
Ni"eV OF ms energy INTO The home YOU
en- and VII even TALLY build. Let the
Nrlgiua sketches be Tor Z home VOL
wHfh'n the .iuit Of your budget.
II : mucn better TO elaborate upon
pam proposition we'll built than 70
'see'p' 20 pare down an elaborate
mouse INTO nome you can afford
ms iai0er> course Woulo tend to re-
~ IN an uAsalniy. unfinished effect.
~ '"' .V'"'eE 'enus TO produce
''
Arehi'ectS VIII hndeavor TO Please
The architect witI Of course. sun
element your wants with his exp osE
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-03

to keep clean the space under the back
Of the bathtub.
perched on legs the tub lacks the
solidlty Of a permanent fixture. Built
into the wall and resting on the door,
whether it is located in corner Of the
room or in specially provided niche,
the oathtub looks best and Is better
from a sanitary standpoint The wall
tile comes down to the edge Of the
tnb which removes the fear Of wstting
The floor under and behind tho tub,
causing damages, germs, spoiled cell
ings and decay.
This kind OF tub permits a good
shower system. The difference in cost
between the> two kinds Of tubs should
not be permitted to influence against
the tiled-in bath.
A pedestal or other washstand which
stands free from the wall should be in
every modern bathroom. This type Is
best because it is beautiful fixture and
can be kept clean without much labor.
Dust cannot lie undiscovered behind it.
manufactured free OF sharp angles, tne
fixture may be washed Of dust ana
germs very quickly, leaving it white
and highly polished.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-03
Additional Equipment

Additional Equipment
speci
andco "~
II furns hinFs-W
sloane. L. Wood &
4
Iron Rr1v.. ~
HaGchne ~ ~o"" A'o'sc'a"d
Tested Seeds
Thu Ma;esi
Regulate -'"'~'o"' 'Ao"
andC ~~~"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-03
Mastering Interior Decorating

Cuest!on-Can you give mo any .nfor-
n!atton il regard 20 tAe etudy Of anterior
decorating? From your experience would
You recommend. course liz art. or ma,
enc get no-H! 0g knowledge OF 1t In the
interior decorating department OF large
store? Any Information tina. you can
give me IN be appreciated. X Wv 90
not cover this scope OF work IN yovr
Question Box for Home Builders car
you suggest some one who (. IN pce,-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-03
House Shortage Hus
Passed Critical Stage

TOHN E. LLOYD. president of the
- National Retail Lumber Dealers
Association, Gays that the peak has
been passed in the housing short
age. The heavy downward pressure
in wages in large cities has had the
effect OF leveling the Jumps in pop
ulation congestion by pushing back
to the country those who were at
tracted to the large labor centers
by wartime wage scales. In Mr..
Lloy6's opinion, this wartime labor
influx has lessened the dwelling fa-
cilities Of the permanent city popu-
Iatjon.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-03
Question Box for
Home Builders

The Tribune will answer, either through
its columns or directly. any inquiry that
may be addressed to i, concerning any
phase of home building, construction or
equipment.
II you want to know anything about
any department Of home construction.
address your inquiry TO the Own Your
Home Department, New York >Tribune,
and you will receive promp. and full
response.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-04-03

Ion 10 give me this !n.or1.ation7--G MN.
Answer-We consider that interior
decorating could not be success fully
studied from working in the interior dec
Grating department. Of large store, as
you would lack the technical knowledge
to build upon. We advise that vou
take a course in interior decorating at
some such college IS Tire National Acad-
envy Of Design, Columbia University, or
Coopel Union. The mex. step al'sor
the rudiments are fully understood is
20 obtain employment with al interior
decorator We might also suggest that
YOU look over the books or interior
decorating At the New York Publ.
Library. Much valuable information
can be obtained from this source.
Lasting Cutters and Leaders
Notwithstanding tho house ahows. N
New-York tribune., 1921-10-08
Railroad Equipment Inquiries

In addition to the order recently
placed by the Baltimore & Ohio
for 1000 new freight cars it is under
stood that other roads are actively in
quiring for equipment. The Chicago,
Milwaukee & st. Paul, it is said, has
an inquiry out for 1000 stock cars and
1000 general service cars, as we'll as
for 1000 steel underframes for the
repair of cars in its own shops.
The Rio Grandc Western is in
the market for 1000 general service
cars, and the Delaware, Lackawanna &
Western is understood to be still pre-
pairing plans for 1000 to 1000 steel
hopper cars. The Great Northern. it
is reported, is taking bids on thirty
underframes for dining cars.
New-York tribune., 1921-10-08
Ann Arbor Melted
$I.84 on Preferred

For the year ended December 81 the
Ann Arbor Railroad Company reported
a corporate income, after taxes and
charges, of S73,5Os, equivalent 70 Sl.''
a share earned on the 100000 pre-
ferred stock, compared with net in
come Of s51,154, or sl27 share
earned on the preferred stock IN the
preceding year.
The amount due in addition 70 the
standard return from the government
on account Of the guaranty period IS
estimated at $232.742, and would bring
the surplus for the year 10 S3oS S.2So-
Corporate and federal combined IN
come account showed an operating IN
come of S1S1 800, against s5s0,Ss5- To-
tai income amounted to S245,s2S. com
pared with S653.4S3, ard deficit, atter
interest, rentals. etc, S9-s.i9a'
a surplus of S169,l66
New-York tribune., 1921-10-08
Stock u rices
Rule Firm ON
Rise i'm Oils
Price Advance for Crude
Causes Demand for indie
pendents and Share
Rally; Volume Restricted

A rally in the shares of domestic oil
companies based on further advances in
crude oil prices. set the tone for the
whole stock market yesterday. AL
though the volume of transactions re
mained restricted and professional in
character, there was a firm tendency
throughout, except in the tobacco stocks,
which continued to reveal easiness
Besides the gains in the oil securities,
which stood out in an otherwise quiet
market, the steel shares worked frac-
tionally higher. Reports from the blast
furnaces indicate heightened activity,
and sentiment regarding the basic in
dustry was encouraged by the increase
of S. q ton in sheet steel quotations.
Moreover, the Pennsylvania Railroad has
applied for permission to make a reduc-
ton in rates on transporting iron ore.
Rails were slightly higher.
The upturn in the bond market was
pronounced. Liberty issues were espe-
cially strong, gaining from II to 70
cents hundred. The spurt of Liberty
ASSOco SluSS ldsI May TelleClS III large
measure the fundamental easing of
credit, but has been facilitated by the
buying in of these securities for the
account of the government.
Despite an increase in call money
rates from 41s to 5la per cent yester-
day. there were indications of easier
credit conditions. The raising of the
call money rate itself, parodoxical
though it seems, reflects the easier tone
Because Of the decline in rates interior
banks find it less attractive to lend
funds at call in New York than to &C.
ccmmodate customers in their own dis
tricts. There was considerable with
drawals of loans by out of town institu-
tions yesterday, causing an increase in
rates. Rates on bankers acceptances
were * to 4 lower.
In the international money market
sterling and most of the Continental ex-
changes closed higher. Marks, however,
despite the discredited report of Ger
man loan, turned fractionally lower.
After the temporary recovery on
Thursday, cotton quotations again de-
clined, losing 80 to 81 points Wheat
prices, after firm opening, fell sharply
on heavy offerings and an absence Of
export buying. Final quotations were
81. to Az cents a bushel lower,
New-York tribune., 1921-10-08
NJ, K. & T. Assessment

- ouestion-ln M reference to the assessment
70 be made on the stock of the Missouri.
Kansas & Texas Railroad COMPANY viii
you kindly advise through your financial
coiumn the following: If the assessment is
paid does this merely increase the market
'aiue OF the stock. does the holder re-
ceive IN return for his assessment a bond ?
w nat happens II the stockhold r refuses
10 pay the assessment?--H. j. A.
Answer-Assume that you hold four
shares of Missouri, Kansas &. Texas
stock, you would pay an assessment of
500 and you would turn in your four
stock certificates. You would receive
a certificate for four shares of stock in
the new company which is to be formed
to take over the Missouri, Kansas &
Texas, and you would also, receive SIC
in prior lien bonds of the new com
pany and $50 in adjustment bonds Of
the new company. If the stockholder
refuses to pay the assessment he sim
ply loses his stock, since the property
of the old company is to be sold under
foreclosure, and only holders of securi.
ties of the new company will have any
interest in it,
New-York tribune., 1921-10-08
Meyer Outlines Plans
To Aid Livestock Men
Sum Needed 10 Restore Conf
dence in Industry s. MOI
Yet Determined

Plans for meeting through the aid
of the War Finance Corporation the
pressing financial needs OF the coun-
try's livestock raising industry whose
existence has been threatened by the
lack Of credit facilities were outlined
yesterday by Eugene Meyer jr, manag-
ing director OF the War Finance Cor
poration. Mr.. Meyer recently returned
from an extended tour of the cattle
raising country where he met the va
rious interests in the industry and went
over the situation with view 20 de-
termining the immediate financial re-
quirements.
According to Mr.. Meyer cattle loan
ing companies arc being organized on
a large scale in Utah. Texas, Arizona.
Wyoming, Iowa and other states in the
corn belt and cattle country through
which loans are to be made TO the
cattling raisers by the War Finance
Corporation. Utah has alresdy organ
ized cooperative cattle loanng COM
pany with capital OF $500, 900
Mr. Meyer said he found the live
stock men discouraged and lacking con-
fidence. He believes that the machin-
cry that is being created viii meet the
situation in way that w -estore
stability, save the cattle-raising indus
try from further serious losses. and
prevent the killing of immature stock.
1t cannot be determined yet he said
yesterday, how large an amount will
be needed to take care of the require
nlents of the Ridustry. In the opinion
of Mr.. Meyer the advancing Of sub
stantial amount of funds to the cattle
industry will restore confidence there
and help business generally In this
connection he pointed to the good that
has been done to the cotton growing
industry by the advances made by the
War Finance CorporaIion.
New-York tribune., 1921-10-08
A List for $50. 900

and what to invest $4,000 in different
allotted bonds that would bring per cent
IN per cent interest, The primary re-
quircments are safety. principal and In
come. Would like the income TO be main
tanned over period of ten or twenty
years-F. T. S.
Answer-We suggest buying two
bonds each of the following list as an
investment for your $4,000. Bush
Terminal Building first per cent
bonds, due 1860, recently selling at rs;
Chicago Union Station first mortgage
61a per cent bonds, due 1868, recently
selling at 1o5B; National Starch de-
benture SIS, due 1880, recently selling
at So; Cerro de Pasco Copper IS, due
1881, recently selling at 1O9; Standard
Oil of California rs, due 1881, re-
Gently selling at 1o4; New York
Central collateral trust 71s per
cent bonds, due 1880, recently selling
at 1929; Louisville & Nashville Sc
cured rs, due 1880, recently selling at
l04hs; North Western Bell Telephone
Is, due 1s41, recently selling at 1897;
Northern Pacific Great Northern Joint
6hs, due 1886, recently selling at
l02A; Kansas City Southern refunding
and Improvement 5s, due 1850, and put
the remainder in Baldwin Locomotive
preferred and Corn Products preferred.
New-York tribune., 1921-10-08
Another Argentine Loan!

Wall Street was inclined yesterday
to be somewhat skeptical of reports
emanating from Buenos Ayres concern
ing a new s5o,OOo,Ooo Argentine gov
eminent loan supposed to be under
negotiation here. The skepticism was
due to the fact that only week ago
Argentina sold s50,000,OOO 7 per cent
two-year loan to New York and Chi
cagog banking group. This issue is
still in process of distribution to the
ultimate investor The reports of a
new lean naturally aroused great in
te rest in investment circles, and it was
SAID in some quarters that possibly
Argentina might seek to arrange a
iong-term commitment of twenty to
twenty-five years maturity. 1t is
known that the Argentine government
could use another $5O,OO0,0O0.
New-York tribune., 1921-10-08
German Loan Reports Ridiculed

Runners of Berlin origin of negotia-
tlons for $25o,000,0O0 loan to be ex-
tended to the German government by
New York banking interests were
poohpoohed in banking circles con-
versant with the position of German
hnance. A partner in an international
banking house with important German
connections laughed at the reported
loan negotiations as cabled from Ber-
I'm and called them pure bunk" 1t
was explained that certain banking
groups here are willing to tall hus;,
ness with Germany, but on very small
scale. owing to the fact that it is be-
ileved 1T would be extremely difficult
TO market German government secu-
rites here on any large scale. The
extremely precarious financial position
oi the herman government is pointed
to as being an important obstacle in
the way of selling German government
securities here. '''' : '''
New-York tribune., 1921-10-08
New Haven Is Strong

NeW haven Railroad 4 per cent bonds
OF 1872, the European loan issue
which exhibited pronounced strength
on the Curb on Thursday, continued the
upward movement for time yester-
DAY. They advanced early to a high
OF ~, up points from the close of
cne preceding day, but dropped back to
% at the finish. The bonds mature
next April and the issue is to be re-
funded either in first and refundinc
mortgage bonds or in notes or de-
bentures secured by such bonds. The
execution of the blanket mortgage by
the New Haven in 1920 secured the
European loan equally with most of
the roads other issues.
New-York tribune., 1921-10-08
In Wall Street
Cuban Cane Debenture Deposits

Figures were made public in the
Street yesterday showing that s6,149,
700 of the Cuba Cane Sugar Corpora
tion per cent debentures have beer
deposited under the financing plar
agreement. The bonds are being
turned in for deposit at the rate Of
more than s1ooo,ooo a day, and it is
said tfat holders of number of largs
blocks Of the debenturcs have declared
their intentions Of asserting to the
plan before October Is. The deben
ture Is, which were weak after the
financing plan was announced, sold yes
terday around 55
New-York tribune., 1921-10-08
The Dollar in Foreign Exchange

Rates on sterling continued upward
Yesterday, while quotations on other
European currencies moved irregularly
within a small range.
Cable rates on London at the close
were g cent higher at s3.7sA, while
western European rates held fairly
firm. Guilders advanced strongly.
Rates on Shanghai were stronger,
but yen fell back slightly.
South American rates were higher
New-York tribune., 1921-10-08
Foreign Issues Go Well

The public offerings of the state
of Queensland and the city of Rio de
Janeiro bond issues Yesterday met
with an eager reception from investors.
Both were quickly oversubscribed. The
allotments on the Queensland loan
were about 25 to 80 per cent Of sub
scriptions. The Rio bonds were sold
80 per cent firm to dealers and allot-
ments on the remaining amount were
made on a basis Of 10 per cent of sub
Scriptions
New-York tribune., 1921-10-08
Inactive and None Too Secure

Question: bought tho following sew
eral years ago: Ohio state Telephone I per
Lake Shore Electric Railway 5 per cent
general mortgage. due 1898 at 6Si4; Dur
ham Traction Company per cent first
mortgage. at 95: American Gas and Elec-
tric per cent debentures, 20l4 at IS :
Pacific Tank and Pipe Company per cent.
1929 Stocks: Pullman Company at l44lt :
Simmons Company preferred, at 97i5
General Motors preferred, at 90; F. e
consider these safe Investments or do vou
recommend my selling scrlc OF them? l
also own some Producers and Rehners
Corporation common and preferred stocks
bought at a higher market Would YOU
sell the latter and take a loss or hang
on? am not entirely dependent on the
Above.-N. q.
Answer-All of your bonds are in
active and the Lake Shore Electric,
Durham Traction and American Gas and
Electric are not, in our opinion, in
vestments in which safety is the first
consideration. Your Pullman Company
stock is a good investment, we tn nix,
but the General Motors preferred is in
our opinion, speculative. You would
put yourself in stronger investm ent
situation If you were to sell all of your
holdings except Pullman and take sd-
vantage of the present low prices of
hign grade bonds such as we fire.
quently recommend The trouble with
hanging on to such list as yours is
that one or more is pretty likely to
70 bad, and in that case you lose more
in the long ran probably than you
would by taking your loss now and
getting your money into something safe
that is earning between 7 per cent and
s per cent.