davidaulloa/AmericanStories huggingface dataset:
The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1921-12-28
Good Bye 1 81 4 |.

has been q year Mt ~ q -
WI never forget. Mot ~ ~
ia gone, We have "A ~ y
and perplexing problems ~ = "
IND still on the job WIN ~ /
smile. I've made lots * - \ !,
in Pld1s21 and I'm sied a 4 4 i -
have made soma, IL ~
know about this. ! III n y
but II ] have I'm miohi5 -
am willing to do anyfhlnf y
A|s ! grow older I notIo6 -
are changing Psopls -
mote tolerant, more
ohaFitable, more ~
Friends, it's ! eood
all, and these aro ~
this Opportunity = 4
friehds for iheIr ezc<16d
VIM aud pa(ronaso ~
kindness nay noeof III
q Fbrm. Houhe d
-Its TIE raus -
The New York herald., 1921-03-01
C.,B. 40. MAY ISSUE
S6O,OOO,OOO STOCK
Commission Denies Applica-
ton of Road for S109, 900
900 in Bonds.
Spec.al Despatch to THE NEW YosK HEaALr.
New York Herald Bureau,
Washington, ID. G., Feb. Ss.

Special Despatch to THE NEW YosK HEaALr.
New York Herald Bureau,
Washington, ID. G., Feb. IN.
The Interstate Commerce Commission
granted to-day authority TO the Chicago.
Burlington and Quincy Railroad Com
pany 10 issue $50, 100000 Of additional
capital stock against its surplus. Per-
mission for the issuance OF an additional
$10e, 100000 OF first and refunding
mortgage bonds, however. was refused.
The commission was closely divided,
and for the first time on record five
minority opinions were filed in the case.
The commission was strongly in favor
of the stock issue and four Of its mem
bers filed minority reports differing
with the majority vote against the bond
Issue.
on the ground that the road is
grossly undercapitalized and that its
surplus should be distributed, authority
was sought for the combined issue to
meet maturities of the Great Northern
and Northern Pacific companies, which
own 81 per cent Of the Burlingtons
stock.
The commission held no objection
against the equalization OF earnings.
but a majority refused to approve the
issuance OF interest bearing securities
lnhL WOulu ttsihc HSiNy
fixed charge on the Burlington for the
next fifty years. The roads proposal
provided for distribution OF the stock as
a dividend and sale OF the bonds to
refund Northern issues due next July I.
1t was shown that the Burlington has
an investment In road and equipment of
S50S. .745,S37. and that its outstanding
securities amounted to 1884, $4,000.
leaving a book surplus of more than
$21S, 900. 1t was set forth that after
tho distribution progressed there would
be an ample surplus to meet all needs
and that stockholders were entitled to
the funds from earnings used for adj
ditions and betterments. 1t was as
serted that the property value, as found
under the Transportation act. was $780,
600, 900 greater than the value shown
OH the books
The Burlington contended that its
present financial structure was inade-
quate for present and future needs. OBJ
lection was made by one State utility
commission that the applicant should
not be permitted to increase fixed
charges without a resulting benefit to
transportation
The commission found that there was
no proof that the income was the re-
suit of excessive rates, pointing out that
1t was the result OF the, same rates as
those received by competing lines.
The decision leaves the way open for
the Burlington to ask for the entire
issue sought in stock, but 1t Is under
stood that such proposal does not fully
find favor with the companys officers.
as Offering the stock for sale would
weaken control.
The New York herald., 1921-03-01
Foreign Bonds Active.

The bond market was marked yester-
day by unusual activity in foreign Gov
ernment issues. many of which dis
played weakness rejecting concern over
the European situation. with tho talk OF
Al lrvasion OF Germany by the Allies.
The largest business was done in French
Republic Ss. which fiuctuated between
s7A and 90 which contrasts with the
last price on Saturday OF s7a. An aK-
gregate of $4,000 OF the French bonds
changed hands yesterday. against $685.
900 on Saturday. British and Belgian
issues were active, with only fractional
price changes. Indeed, the Belgium 6s
were flrmer. There was also a good
deal of activity In foreign municipal
bonds. Tho most active were the Dam
ish consolidated gold So series. which
moved between 97N and 96a. At their
low level they were more than points
less than their recent subscription price
Bonds Of the City Of Bordeaux moved
within range OF about point and
City OF Paris 6s remained steady
Strength OF Victory notes featured the
market for Federal Government Issues
The New York herald., 1921-03-01
Tennessee Bond oGerinz.

Tho unsoid portion OF $4,000 900 Of
Tennessee Soldiers Memorial bonds Is
being offered for sale by Caldwell &
Co., and the American National Securi-
tics Company. both OF Nashville. Tho
total Is made up Of $1,000. 900 OF State
of Tennessee per cent Memorial and
Capitol Annex building bonds date Janu-
ary l. 1921, and due on January /. 1851;
100000 Of City OF Nashville per cent.
Soldiers Memorial Square bonds, dated
March l. 1920, and due seriallv in 1924
to 1912, both inclusive. and 100000 OF
Davidson county. Tenn, per cent
Soldiers Memorial Building bonds. dated
January /. 1920. and due serially in
1922 to 1914 both inclusive. The pro-
ceeds or the bonds will be used to con-
struct the Soldiers Memorial Building.
being erected Jointly by the State of
Tennessee, Davidson county and the city
Of Nashville. They are the only out
standing State of Tennessee. Davidson
county and city Of Nashville bonds that
are free from state and local taxes.
The New York herald., 1921-03-01
Diver-iacasion Favored.

The financial community read with in
terest and favor the project to exchange
q portion OF the obligations OF South and
Central American countries 10 Great
Britain and France for like amount OF
the obligations of Great Britain and
France To the United States. The pro-
posai would be approved generally pro-
vidcd that it should be accepted by the
South American and the Central Ameri-
can countries concerned and provided
that such countries as Argentina, Brazil
ana Mexico represented s5 TO 90 per
cent. 81 lie total obligations exchanged.
10 was said that obligations up to
1900, ,000,0o0 might be exchanged to the
advantage OF all countries concerned.
In the first place II would diversity the
credits due 10 the United States and
would give VS. obligations OF countries
with relative minimum OF debt IN
place of obligations Of those countries
staggering under debts created by the
war. Should $1,000, 100000 be ex-
changed, tho aggregate amount owed BY
Great Britain ana France combined
would be reduced 70 about 50. 600, 900. 900.
rendering more feasible the issuance OF
the 5000. 100000 In long term debt
bearing the indcrsemsnt os tho United
The New York herald., 1921-03-01
Distribution Active.

Another day passed by with no new
important financial offerings although
certain issues were being groorned for
offering tomorrow or subsequently.
The lcthargy OF bond wholesalers was
not shared in by the retailers and sec
ondary distribution went on at pace
fully equal to that of last Friday. Evidence
that the bond market would resume It's
strength. however was apparent to those
interested In investments. 1t was re-
ported that the syndicate managers
would call for payment on Friday on
subscriptions TO the Chilean loan. Typical
OF the investment demand for the
Chilean Issue was the experience Of
house that had no participation In the
syndicate. but nevertheless received yes
teriay twenty-six separate orders for
Chilean bonds. The success OF that loan
before the close of the week appears to
be- certainty and its distribution Is re-
ported as widespread. The real barorne-
Ter Of the bond market Is secondary dis
tribution, which was yesterday more
satisfactory than at any time since the
offering mart became congested.
The New York herald., 1921-03-01
To Stockholders OF
American Smelling & Refining Co.

The undersigned with his associates who represent
a very large number of the holders OF this stock IA
asking proxies to be used at the annual meeting to b. held
April 9Th.
The purpose is to the election OF a Board of
Directors which shall be representative of the stock
holders and which shall manage and push the business Of
the company and its large resources and
entirely in the interest of the real owners the stockholders
and free from any outside dictation or interest
The present board Of Is is made up OF members of
the Guggenheim family and selected by them % salred
employees and other stockholde The number OF shares
held by the entire board is 2444 out OF 110O00 shares
Those actually in control not free from conflicting
personal interests.
Stockholders advised not to throw away their rights
by giving the proxies requested by the present management
which would ray all past actions including not only the
extraordinary of which mention has been made but
perhaps many others which yet may not have
to the notice Of the stockholders
Full information, will be supplied BY and proxies may
Building, 233 Broadway New York. Telephone Bar
clay 1853 KARL EILERS.
The New York herald., 1921-03-01
Average Bond Prices
BOND NEWS AND NOTES.

The rejection by the Interstate Com
rnerce Commission of the proposal to
have the Burlington issue 100000
bonds as a dividend to its stockholders
was q surprise and disappointment to
those who had decided that the plans
were the best possible to provide funds
TO meet the Burlington maturity on July
l. The effect OF the ruling IL 10 force
the bankers TO start all over again. ai.u
devise new ways and means to finance
the roads $215. 100000 obligation. At
the least, II may be said that new plans
of necessity will be more expensive and
costly to the Great Northern Railway
and the Northern Pacific Railway. which
are the principal stockholders of the
Burlington. owning all but about per
cent. OF Its outstanding stock.
The New York herald., 1921-03-01
No Use for July 1 Maturity.

The application had been before the
Interstate Commerce Commission nearly
four months ard just four months re-
main before the biggest maturity of the
year falls due. The decision of the COM
mission to prevent the issuance Of the
bonds by tho Burlington was based
largely on the ground that the division
OF the bonds among the stockholders
would create q fixed debt and an annual
charge against the earnings OF the Bur
lington. The bankers who devised the
plan urged that the Burlington might
have issued bonds for its improvements
instead OF using money belonging to the
stockholders. Had the road done so
there would have been a fixed charge
against the Burlington's income for sew
eral years. AS IL Is the proposal at this
late date would have created n fixed
charge. which might have been In force
for long time. The commission, how
ever. ruled otherwise. and what they
granted s of no use in connection with
the forthcoming maturity.
The New York herald., 1921-03-01
More Foreign Loans Expected.

IL is likely that negotiations for ses
eraI more foreign loans will be begun
here shortly, according TO Information
received by the securities department Of
the American Express Company. There
IA = possibility that certain Swedish
cities Will arrange for loans French
cities and departments which cannot
contract loans abroad without special
authority from the French Government
have been given permission 10 borrow
on their own account for reconstruction
purposes only. Negotiations are under
way FOR loans amounting TO $50. 900 600
francs for Rheims ard Verdun. IL ls be-
iievcd that verdun's needs will be taken
care VI in London. whion has adapted"
The New York herald., 1921-03-01
BrasiI Wants Loan.

According TO advices from RIO de ia
neiro the Brazilian Government would
like to raise between $50. .0O0, 900 and
s6e 100000 In the United States That
sum. II is believed, Is required 70 cover
a loan OF approximately s20.O00.o00 20
the city OF Rio de Janeiro. the proceeds
OF which would be used for liqudating
the city's floating debt carry on va
rious public improvements and finance
the marketing OF Brazilian coffee. The
Mayor OF Rio dc Japeiro has asked for
permission to borrow the sum needed
from the Fsdersl Government or xroui
The New York herald., 1921-03-01

States Government, In place of Liberty
bonds, which might thereby be retired.
Bankers locally evince keen interest in
news OF what the incoming Administra-
tion may do to balance the outstanding
debt. to diversity the obligation ard the
maturity and they are hopeful that
something may be worked out to mini
mize the magnitude of any single obli-
cation.
The New York herald., 1921-03-01

II Is reported that the Dominican
Government is considering asking Amer
lean bankers for loan to be secured
by customs and other national revenues.
The loan would be in the neighborhood
Of s10.o00.0o0 and its proceeds used for
completion Of public works.
The New York herald., 1921-03-01
Maibohm Motors.

A special meeting Of stockholders OF
the Maibohm Motor Company has been
called In Sanduslty. Ohio. for March 5.
when they will be asked to give ap-
provaI to float bond issue 1t will be
handled by Mid--vestern bankers II ap-
proval OF Il be given.
The New York herald., 1921-03-01

abroad. Last year that city borrowed
SIC, 100000 In this country at per cont.
the bonds being offered at prices Yield
ing about sh per cent The recent slump
in coffee has made necessary the raising
of money to finance the Brazilfan crop.
Local bankers express the opinion that
II Brazil be successful In its negotiations
here the amount loaned will be only
about $25,O00,000 to $30,000,00o.
The New York herald., 1921-03-01
ppoKERAGE FIRM CHANGES.

Several brokerage firms make changes
In their personnel as of to-day. Lage
Brothers & Co. have admitted John r..
Trow as general partner In their firm !;
Bond & Goodwin announce tho retire.
ment of Thomas r. Baxter as a special
partner and the admission OF Joseph l.
Seigman. formerly OF J. q w. Selgman.
as a general partner; Francis Ham and
Edward Hindley, formerly Of Lawrence
Chamberlain q CO., have formed part
nership ms Ham, Hindley & Co. to trans
act a general investment security busi-
ness In Sc Broad street. and Arnes, En-
erich a Co. have admitted Ambrose w.
Benkert, Marshall Forrest and Herbert
B MuIford to general partnership.
NEED more capital for your business7 Want
to invest whers your services are required
Need . pArtnsrS Real opportunities In 1he
Heraid's business Opportunities Want I'D.
nno<1onw-<hkm.
The New York herald., 1921-03-01
Acme Coal Mining Company.
NOTICE no STOrKHOTDT;gs

NVFItEs TV NIVNhFFWTlIFNlFN.
For tho rurpoEe of completing and correct
Ing the records of The company that no.
tice8 N its activities may be sent directly
70 the ptochholdcrs, the Company requests
tererted forward at once their names. number
~ sharrs held md pre- eifnt eudtesscf IL y.
Iranafer Agency. a. 40. ~ Broad Street.
NNw York City.
The New York herald., 1921-03-01
Tel. esoo Murray Hin

To TffN NfHfsNEftN ttE
wtsr DnNf~tCA> nErtritS
sm c.sisw.. AanlmissrRsion shaking Fusa
Gs.le smmm h~ad~.
fsae Frtrwary v. fn&s.
NOTCH fN WEREbr GiNkN that cusr-
as'fs Trust cusnpany ~ New tofk. .. sue.
Sa~err tn Morton Tract Company. ftsnhi
Avrmt unsNf khs tgwrnl Ar~nrF AKrwsmtnk
wm@m ~ ara between The Dominican rs.
e.,hlie ant Merton Trust Company. eeted
fmrwnrv III fnn&. hereby Invites proposals
- si,a safs - th4 Ninklnx Fund 0n Mafvt
T,h as2i. wttn norrwe9 intsrest 70 that
49, nf - mary honas ~ tns above fsnus
- rnm ~ rwre hMnea for ths sum 81 Tvs
u.tnNraa F4ftY Th@usanA Dollars tf1ans@m.
n44llN tfNunnnia wtil BE- f@cTiv~f a. the
rytr.@.r I.FrkHrNENr - ne Undersigned.
80 ltrNaAwny. New Nofk Cttt. up - 10
es.lorh Az Al sn FftAay. March 9TH. ip1f.
wAnm tss@ Nmrns VIA ee 0p~msd snd bones
offarea A. i've i@wuHt prices rot sxcseainx
f02tsM "a par snd Accrued tmfersst 20 tnw
eNfMre nrreaNarV u ~xNAusf said sum- VIA
- nrcmpfan. subject 70 the reservation of ths
rseb, ~ rslecs apy ane al offers " wneis
~ " ersRA~ry rHrsr cowrASN
or INV N0tk.
~ CHARLES vi eAHtN. Pre~idsnN
Dated. Fehrunry ~. lp4i.
The New York herald., 1921-03-01
so<.osi.oo

Total. .$36. $50 .ss2.4o
az the tot al loans and discounts shown above
the amount on which interest and discount
WAS charged at rates II excess OF those per-
elusive 81 notes upon which total charge not
10 exceed so cents was madc) was SlS,2z1,-
2i-.p7 The number OF such loans was oil.
The amount OF money loaned on cali Or dc-
lateral IN New York city. including both loans
made directly TO borrowers and those through
It's New York correspondents. ON the date oil
this report was 81 .625 .3a01S.
Tho amount or money loaned on tirne. by this
bank on bond and stock collateral, In New York
City, includlng both loans made directly To
borrowers ana tnose tarcnsn ms ts r"~ r. Uns
Aggregate amount Of salaries or compcnsa-
lion paid by shis bank 70 presidans, & VICE @
month OF january, io2f. si2 053 ~; annual pay
of al these officers at January. 1921, rata OF
pay. St4A. A.639.2k: number Of these officers on
Aggregate amount Of salaries or compenea-
tion psid 20 all other employees o. the bank for
month Of January. 1921. SIS. so3 90; annual
pay q those omployces on e.sts o. the Jsnu.
these sn,rloyces or date of this report was i76
state ~ New York. County OF New York, ~.
4. n. ID. Fonda. Cashier Of tho sboye-
ahovq rtato1nent is true 70 the bsss Of ~
A"'""'s0 A"' mi II. n. FONDA. Cashier.
Subscribed and sworn 90 before me this 2fi'
n 'ffHohoIF "a 2. MxtHEI. Nos.ry Public.
kinrs Calnty. No. 2o7. llngs Co. knxis, r.
10. tiii, cartlfica.s tiled IN n. y; GO.
expira. March 10. ipsi.
~ c'c. TreETnoEr,
JOHN McE. BOWMAN.
y. ROLAND HARTMAN.
Dirprtnrs
The New York herald., 1921-03-01
Dominican Loan Report.

the devastated French city as its god
child.
The New York herald., 1921-03-01

=" =" =" -" Y"
"Acceptances"e OK
ecutcd by this
bank for custom
OTIS.
"Acceptaiiccs" OK
ecutoa by other
banks for account
and under guar
antoe of this bank
"Accnptancss' OK
ccutrsl 70 fur ish
doh r. exchange.
The Connecticut labor news., 1921-03-18

Col Harvey going to be ambassador St. James, Harding certainly Harvey something for the abuse he Woodrow Wilson.
The Connecticut labor news., 1921-03-18
BUILDING TRADES LN UNITED FRONT

Builders Exchange have received could the convention o build held Haven last Saturday. Every organization Ill the state delegates for least Ill didn't harbor minute doubt but that the building of united resist attempt at reducing and will hght the apparent attempt oi ' to disrupt their
 existed between the different crafts over the question which the most skilled most relative mos that may individuals who have
 ignored from the closed late the evening" every careful discussion of the situation and to making warfare that the employers intend the clash will ind Con nectcu building united before and prepared 10 all for for all Ill eSlsH Che dtlc ol nolh o hood organizations
 The convention absence of the discussion the floor the attempt reduce with relation living and endeavor to the bottom of the reason being made The at the direct employer of financial supply of the country and who are striving labor that ther prOhs may De greater the employer to meet thelr ends
 
 building organizations and each instead of of the seed but determined methods They country with carefully that if the workers consented this reduction they building while the materials profits the if higher ayof coming anyhow they predicted and might well be faced later financial decide whether they will loosen the build here will loan abroad where they higher of interest.
 On the whole convention of harmonious held labor The questions technical wording the resolution rules adopted and when these straight final decisive taken with building sody together this fight will stay that way until it
The Connecticut labor news., 1921-03-18
JUST A WORD ABOUT OURSEL YES

three months since the took the old Labor Press and began endeavor Organized Labor of Connecticut that would not only the be readable We succeeded but satisfied and going further.
 is print open paper
 
 compelled the best could with the available Some of this able dispose of the better particularly week. that with the of April boerplate will with least be available for matters of real worker and his family.
 This will permit space being to a of setting forth their ideas only strictly labor of public policy other subject which they and believe others would be also More local their keep the other fellow touch with what they doing and thus better understanding all General also be handled that had hoped be long before general anticipate far in the Labor News than has already taken place.
 The efforts far has been gratifying Sub well realize that working the subscriptions would have been much however, have complaint make but simply of Labor that he will the real facts about the dong of the ma Organized Labor The daily in tralls of and will him Therefore dollar half wasted should the regular
 let's together you express the other fellow think about Then will have
  and take notice.
The Connecticut labor news., 1921-03-18
DAYLIGHT SAVING FAD KICKED OUT
 OF CONNECTICUT
Senate After Sharp Fight Joins House in Declaring for
 Standard Time.

The daylight saving fallacy, which many people characterized as being just like cheating yourself at solitaire, received its death knell Ill Connecticut on Wednesday when the Senate after sharp argument, joined the House and by vote of 19 to IA, declared that standard time was the only time to be used i'll Connecticut hereafter and that daylight saving fads and faddists were thus tabooed The result was a keen disappointment to manufacturers who had fostered the practice started dur ing the war which enabled them to work several shifts a day and by changing them in daylight hours, thereby saved much expense for light. While the factories are by no means as busy now the manufacturers wanted the practice retained as 1t might come i'll handy in the future.
 Efforts on the part of senators favor ing the practice to have the vote recon sidered were immediately frustrated and Governor Lake announced he would sign the measure as soon as 1t Is re- ported to him, which will be in a few days.
 The bill, which arrives at its pur- pose by restricting departments of the state and municipalities to standard time, passed the Senate, 1o to IA, after long debate. Six ot the votes in favor of 1t were cast by senators from cities, among them Senators Goodwin and Rosenfeld of Hartford, who said that communications addressed to them by constituents indicated a preponderance of sentiment for law that would pre- vent varying time schedules i'll differ ent parts of the state. The following voted for the bill :: Senators Goodwin, Rosenfeld, Bowers, Enc, McCahey, Treat, Clark, Graham, Bailey, Banks, Candee, Archibald, Mac donald, Blake, Brooks, Rudd, Emerey, Butler, Potter and w. H. Hall; total, 1o.
 The following voted against the bill : Senators Seymour, Hal1 Bakewell, Fur colo. Golden, Pickett, Drew, Costello, Brown, Garlck, Delaney, Challenger and Kenealy; total, IA.
 The adoption of the bill has the ef- feet of nullifying daylight saving ordi- nanCes i'll Hartford, New Haven, Wa terbury, Bridgeport, New London, Nor wich and other cities.
 The bill came to the Senate from the House in the form of substitute re- ported by the committee on agriculture
 In anticipation of a close fight, the Senate galleries and all available space i'll the rear of the chamber were crowd ed with spectators. The matter was called up at 12 o'clock as the order of the day and passed after several hours debate.