davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-11-23
Cumberland Telephone First S..

Among telephone companies bonds
Cumberland Telephone and Telegraph
Company first and general 5s, due on
January /, 1887, offer comparatively
high yield, more than $40 per cent. at
their current prices Of around 88. The
company is controlled by the Southern
Bell Telephone and Telegraph Company
through ownership Of majority of its
capital stock, which Is controlled by the
American Telephone and Telegraph Com
pany. These bonds are secured by a
first mortgage on all the company's S
property except that covered by the first
lien Of the first 5s, on which this mort
gage is a second lien. The company
serves a territory Of 176.76S square miles
with a population Of more than 100000.
The company operates under perpet-
ual and exclusive license from the Amer
ican Bell Telephone Company through
out Mississippi. Louisiana. the greater
part Of Kentucky and Tennessee and a
few counties in Illinois and Indiana
They have sold for more than 101 In re-
cent years and are redeemable as a
whole at 105 and interest on eight weeks
notice, provided that the company has
acquired and cancelled more than
ST., 1000, 900 Of the bonds. There are
outstanding about S15,000,000 OF them.
A consolidation OF the Cumberland Tele-
phone and Telegraph Company. the East
Tennessee Telephone Company OF Vir-
ginia, the Bristol Telephone Company Of
Virginia and the Chesapeake and Po-
tomac Telephone Company Of Virginia
has been proposed to the Interstate
Commerce Commission. The proposed
name Of the new company Is the Consoli-
dated Telephone Company.
The New York herald., 1921-11-23

A iong trim isr,s Of the Southern Pa
cific Company. selling on about a $50
per cent basis. II the San Francisco
Terminal nrst ts. due In 1850. They are
secured by frBt mortgage on 11.13
miles of double tracked road from San
Bruno to San Francisco. Cal. known as
the Bay Shore Line. having about six
ty-two miles Of sidings and other ter
minal property. Including about 71s
acres of ground In San Francisco and In
San Mateo county power houses, shops,
engine houses. warehouses. &c. A sink
Ing fund OF $1,000 annually out Of the
company's net income Is applied to the
purchase and cancellation OF these bonds
They are redeemable as a whole only at
105 and interest on any of their interest
dates They are listed on the New York,
London, Amsterdam. Frankfort and Ber-
lin stock exchanges and are legal for
savings banks in California and Connec-
ticut.
The New York herald., 1921-11-23
PENNA. STATE BONDS
SELL AT 1921 RECORD
104.31, OF 4.35 Basis for $11,'
100000 Issue, Making New
High Market Level.

New high ground in tho State and
municipal bond market was scored yes
| terday.when the successful syndicate
bid l0+3l, or a ass per cent. basis, for
sll, 10000 AZ per cent thirty-year high
way bonds OF the Commonwealth OF
Pennsylvania. A new high market level
is established with the offering Of these
bonds to-day at 106 and interest to yield
slightly better than a 40 per cent.
basis.
The members OF the successful syndi-
cate were First National Bank of New
York. William r. Compton Company,
Estabrook & Co.. Remick. Hodges &
Co.. Redmond & Co.. Harrison. Smith
& Co.. Hannahs. Balm & Lee. Robert
Glendenning s. Co.. West 6 Co.. Towns
end, Whelan & Co. and Biddle &. Henry.
Their bid was $11AA0 above the next
highest. In fact 1t carried the market
back to pre-war days. Last July $15.-
100000 Commonwealth Of Pennsylvania
os were sold at l0l. or a 4.90 per cent.
basis. and the new sale Is equivalent
to IL, for the one made four months ago,
showing the upward strides made tn
States and municipals.
The competition for the bonds was
Keen. the next highest bid of l0s 2977
having been made by Dillon, Read &.
Co., Kuhn, Loeb q Co. and Kidder,
Peabody & Co. Other all or none bids
were Kissel. Kinnicutt Co.. Bankers
Trust Company. r. B. Smith & Co..
Commercial Trust Comrany and Girard
Trust Company OF Philadelphia and
others. 1926 Speyer & Co.. Salomon
Bros. q Hutzler and Mellon National
Bank of Pittsburgh. 1O3.01: Drexel g. Co.
Brown Bros. & Co., National City Com
pany. Harris. Forbes & Co. and Guar
anty Company Of Now York, 1026S,
The New York herald., 1921-11-23
INVESTMENT NOTES.
Baldwin First %.

A wen secured industrial investment
yielding about $50 per cent. may be
found in Baldwin Locomotive Works
first sinking fund IS. due In 1910. Or
ders for locomotives from domestic
roads and from abroad are heavier thar
they have been for long time and the
Baldwin works expect to be operating al
about rs per cent. OF capacity In 1922
The bonds are selling for around 96 and
are redeemable as a whole at 115 or
any of their interest dates. They are
secured by first mortgage on all the
company's property. including the
largest plant In the world devoted to To-
connective manufacture. and a first lien
by deposit with the trustee ON all the
Standard Steel Works Company's capt
tai stock The mortgage provides that
the unencumbered company's quick as.
sets shall equal at all times its aggre-
gate Indebtedness. including outstanding
bonds A sinking fund provides annual
ly a sum equal to per cent of all
bonds issued for the purchase of re-
demption Of these bonds at not exceed
ing 107N and interest. Bonds 80
acquired are to be held alive and their
interest added to that fund.
The New York herald., 1921-11-23

Continued on Following rsee.
The New York herald., 1921-11-23
New %, 500. 900 Power Issue.

A new issue Of $500. 900 Of the Ala
bana Power Company's first mortgage
lien and refunding gold bonds 6 per
cent series, due in Il and dated June
1, 1921, is being offered by Harris.
Forbes & Co. and Coffin & Burr 1t is Of
fered at 97A and interest to yield go
per cent. The bonds are secured by a
general mortgage on the company's prop
erty. and the pledge of 100000 of It's
first mortgage per cent bonds. The in
denture provides that the company shall
issue no additional first mortgage bonds
except as a pledge for additional Sc
curity Hereunder The duplication
value Of the company's property Is ma
terfa1ly In excess OF the total funded
debt outstanding including this issue.
The Alabama Power Company serves
directly and indirectly the major part
Of the urban population Of central and
northern Alabama. The company's net
earnings in the year ended on October
81 were more than two and one-tenth
times the interest charges on this Issue.
The New York herald., 1921-11-23
Semitic FIotatiou.

A syndicate headed by r. ~ Grant 4
Co. Is offering new issue of s3,205. 900
of city of Seattle. Wash, municipal.
light and power per cent bonds at
prices to yield about 565 TO SIS per
cent, according 10 their maturities. The
bonds will be dated November 1. 1921.
and due In periodic payments from Mo-
vember I. 1927. TO November I. 1e41, In
elusive. The bonds are exempt from
Federal income taxes and taxation in
the state OF Washington. The purpose
of tho Issue Is 20 make additions and
extensions to the existing municipal light
and power plant and for the construc-
tion Of new hydro-electric power sta
ton
The New York herald., 1921-11-23
Lehigh valley Coal.

The Lehigh Valley Railroad Company
guarantees the principal and the interest
Of the Lehigh alley Coal Company's first
sinking fund 5s. due in 1888. They are
selling at prices to yield about $50 per
cent. and are secured by first
mortgage on coal lands aggregating ap.
proximately 1925 acres and having an
annual production ranging between
5000, 900 and 100000 tons. The coal
companys 5s were issued In 1892 and
are not redeemable before maturity.
Their current quotations Of around s5
contrast sharply with their high price
on the New York Stock Exchange Of
more than 115. The sinking fund pro-
vides that 10 cents ton Of sizes of coal
larger than pea coal shipped be set
aside the minimum amount payable be-
ing $4,000 year. Those payments are
invested in securities approved by the
company. In April. 1921. that fund held
securities of face value Of $2.514.000,
not including $4,000 Of bonds Of this
ISSUE.
The New York herald., 1921-11-23

The Central Pacific Railway Com
pany's European sterling and franc 4u
Of 1911 arc In a strong strategic posi-
ton, owing TO the heavy investment is
them by the Southern Pacific Company.
1t is understood that the latter. which
Internationally guarantees the Central
Pacifc's bonds. Is buying all It's Euro
pean Is available. Tho bonds have ad-
vanccd points In recent months and
are selling on n basis of about 6.ss per
cent. with sterling at -. The Southern
Pacific not only guarantees the principal
and interest of the bonds but has In
vested large part Of It's own capital
back Of them
The New York herald., 1921-11-23

The last Of the Hetch Hetchy bonds.
amounting to ss.520.0o have been sold
by the city of San Francisco at par to
the group financing the contractors for
eighteen miles of construction In the
mountain division in the high Sierras.
about 1S0 miles east of San Francisco.
The group bought s13.500.o00 OF the
bonds several months ago and at that
time obtained an option which has Just
been exercised. An issue OF s45, ,000. 900
OF them was originally for the project.
The purchase was made In the name OF
the North American Construction Com
pany. which represented syndicate, Of
which the National City Company of
New York and the Bank Of italy of San
francisco are members. Tho bonds were
sold at par on basis that returns 5h
per cent.
The New York herald., 1921-11-23

The Bethlehem Steel Corporation has
called for redemption on January 49,
1922, S7.b00,o00 Of the secured serial 7
per cent. gold notes. series y. at par
and accrued interest. They we're to run
until July s, 1922. The right TO convert
the notes into consolidated mortgage
thirty year sinking fund per cent. gold
bonds will expire on January 16.
The New York herald., 1921-11-23
Equipment Trusts offered.

Salomon Bros. & Hutzler and Kidder.
Peabody G. Co. will offer to-day on n
$40 rer cent. basis approximately
s5.00o.000 of railroad equipment trust
certificates purchased by them on Mon
day. They are s2,1I1,700 OF Louisville
and Nashville. ss5s.900 of Great North
ern and s1.9f1,s00 Of Illinois Central,
all due in 1925 to 1927 inclusive.
The New York herald., 1921-11-23
BOND NEWS AND NOTES.
Detroit Sale Monday.

The city Of Detroit is to announce TO-
day that 1t Will receive until a certain
hour on Monday bids for new offer
Ing OF $10.13S,000 Of one to thirty year
bonds. OF that total $1,S06.000 are to
be " per cent. coupon; s8,000.000 S per
cent. coupon. and $S32.000 5h per cent
coupon bonds.
The Washington herald., 1921-12-22
Puts Golden Bears on Par
With Best Eastern Teams
Football Expert Says Wonder Eleven Of Pa
cific Coast Will Enter Game a Favorite
Over Washington and jefferson.

defeated, unthreatened. the Gefdeu
Bears will face Washington and
Jefferson with expectant confdenee
Likes CaIIfsrnia Team.
after observing California in &C
tion, / became convinced that Andy
Smiths team Is Of the highest cali
Der. 1t is an eleven on q par with
the best turned out at leading East
ern And Middle Western. universe
ties in the past several years.
.'California- has strong line, q
splendid defense. a versatile offense.
1t knows the forward pass, and
Muller. Ali-Americe end on WAL
ter Camps team. can throw a long
err and more accurate pass than any
other player on the gridiron today.
Nisbet Is q great punter. and Too
mey 10 we'll above the average in
drop Kicking. In Erb California
has a sterling quarterback. quick
witted and capable as a field gen.
erNi. The Bears are heavy and
rugged, yet they also possess the
valuable asset-speed.
California will enter the game a
favorite. But I have seen many
other teams, regarded as sure WIN
ners. emerge from important match
es with the under-d dog on top. bark
ing challenge to the world in his
new-found viRor. -
The Washington herald., 1921-12-22
Lands and Hickey Confer
After A. A. Rejects Terms
Believe Advisory Council May Frame New
Scheme to Satisfy Rebel Five Led by
=, Western Masnate.

New York Yankees and Stuffy Nc
Innis goes to Cleveland.
Harry Frazee, owner Of the Red
Sox. Is accused of robbery" junk
ing the team, and everything else
that Mr., Webster covers in his we'll
known dictionary.
While It is the general opinion
that the Yankees had much the
better of their deal with the Bos-
ton Red Sox,s there Is no doubt that
the Red Sox secured all the best Of
their dealings with the Indians.
With Liebold, Peckinpaugh, Har-
ris, Burns, Smith. Pratt, Foster. and
Ruel playing regularly, the Boston
team will probably have one of the
hardest hitting outfits in the league.
Frazee was not able to get any
where last season with Bush. Jones
and Scott, and the Boston manage
ment had to make drastic trades
II he expects to get anywhere next
season. F
NEW YORK. Dec. s1.-The yam
KEGS are determined to repair their
plate glass window smashed by the
brick that Judge Lands bounced on
the Bambino's bitulithic bean. As
the club now stands, the champions
of the American League will have
only one. high-class outfielder for
the first thirty-nine games of 1922,
to wit, Elmer Miller. in center. Babe
Ruth and Bob Meusel are out OF
these games, under suspension.
]. The deal with the Red Sox where
by Everett Scott, Joe Bush and Sam
Jones join ths Ydnks, brings pitch
ing strength to the American
League champions, but it does not
help mend the outheld. Therefore.
the Yankees will containue to
decker until they land at least one
tried and thoroughly competent
outfielder,. and will try to buy or
otherwise acquire another.
The Yanks still ysarn for Bobby
veach, of the Tigers, to take Ruth's
place in left field. Apparently the
Tiger management speaks in high
flown language. with the accent on
the wage, for the Yanks haven't
made terms with them yet. How
ever. in any emergency where money
talks. the twin colonies of the Polo
Grounds have never been known to
stutter, and IL money is the price
of veach, then it is fairly reason
able to reserve q locker for him in
the Yankee clubhouse.
II veach comes here. Babe Ruth
probably will go to hrst base per-
manently, dispiacing Wallie Pipp.
and. therefore, Pipp being a first
baseman OF high degree, might
figure in any deal designed to
solidify the defense. Ruth il no
glacier in the outheld, but mobility
isn't his greatest virtue, and Miller
Higgins thinks he could become
regular nov on first.
The Washington herald., 1921-12-22

Los ANGELES. Dec. 2l.-rhe
football public is preparing Its
nerves for shock on January 2
when California opposes Washing
ton and Jefferson in the principai
feature Of the Tournament Of Roses
collaboration at Pasadena.
Tell me-" asks that section OF
humanity East OF the Rockies. eli
the California team really a Won
der Eleven?"
Il remember y few years age
when the same question was asked
about Georgia Tech. Unbeatsn II
went, to Pittsburgh in 1918 to NEE,
Glen Warmers eleven. l was pres
emit to jot down the results.
Recalls Panther Defeat.
Opposed by one of the best Pan
Their elevens of history. the 'Wonoer
Team of the South suffered a de-
cisive reverse. The score was 8.
to 0.
Last season California defeated
all its opponents on the Pacific
Coast by decisive scores and became
a wonder team when Ohio State
was Inundated by IS to o at Pasa-
dena on New Year Day. s
This year the brilliant California
team continued its victorious march
along the highway to. Rome. I'm
The Washington herald., 1921-12-22
WH.I|SkoT AFRAID
TO BOX DEMPSEY
IF FANS WANT GO
Modest Challenger Be
fieyes Public VIII Soon
Demand Mixed Bout.

NEW YORK Dec. 21.-"I'ii fight
Jack Dempsey or any other man In
the world. black or white. and stand
ready TO go TO any part OF the globe
to fight for the championship" said
Harry Wills. the big coaored heavy
weight, in answer to a query today
as to whether he would meet Demp-
sey for the heavyweight championship
Of the world. Wills. but recently
returned from the West. wac put
ting In some training licks at Billy
Grupp's gymnasium
A Modest Chsiie.ser.
Sure, ] would be glad Of chance
to fight Dempsey for the title" said
Wills, and then told IN a modest
way why he had refrained from chsi.
longing the white champion.
II never challenged Dempsey. fear
ing that the prejudice against MIXED
bouts which followed the actions Of
Jack Johnson. when he won the cham
pionship. was, too severe TO permit
me to issue any challenge 10 Jack
without being misunderstood. con-
cluded would go along quietly un-
I'll such time as the public might
demand q battle between Dempsey
or whoever else might be champion.
and myself.
Personally, think the prejudice
asainst mixed bouts is wearing out
all over the country and that soon
the sporting public, will be cismor-
ing to have Dempsey and myself
90 to IL. In Portland. Greg. re-
Gently. they told me a syndicate was
forming for the purpose OF staging
such a battIe. Tn not making any
claims. but I do not think Dempsey
can beat me. Remember. am not
saying L can beat Dempsey but N
he should beat me. he would know
he had been In q battle.
IT have always led a clean life.
i. would like to win the title and
set an example for all fighters, black
and white
The Washington herald., 1921-12-22
new TRAISlNCPLAN
AT JOHNS HOPKINS
Divide Classes Into Groups to
Develop Material for
Athletic Teams.

BALTIMORE. Dec. 2i.-Joh ms
Hopkins University is putting into
effect a new plan of physical train
ing that is expected to give a big
boost to the quality of material
with which to build up its various
track and field teams, 1t was an
nounced today by DR.. r. T. Aber-
crombie, director of athletics.
The plan, DR.. Abercrombie ex.
planned, is nothing less than div
iding it's big physical training
classes of freshmen and sophomore
students into various groups-one
for track one for lacrosse, one for
football and so on. And instead Of
being restricted to the set drills
and exercises the students will be
developed along the lines OF the
sport for which they are specially
qualified. and all these men will get
the benefit of training with the reg
ular varsity squads under the di-
rection OF the various coaches.
For instance, as soor as student
shows that he has the makings of
a track man he will be certified by
his physical training instructor on
the basis of the fellows physical
test record and will be permitted to
become a candidate for the track
team in place OF further training
in general caIisthenics. 1t will he
optional with MIN to stay in the
class throughout the two years pre-
scribed for every student or take
advantage OF trying out for a team.
This new plan. believe" said
Dr.. Abercrombie this morning, rs
a great step forward in strengthen
ing all our teams. and incidentally
it is going to show how much our
student body is improving phys
ically."
DR.. Abercrombie said also that
an arrangement had been effected
with the military department
Whereby a student-cadet who Is in
training for a special game or meet
on varsity team will be excused
from military drill practice.
The Washington herald., 1921-12-22
List Dates of Worlds
Skating Championships

CHICAGO, Dec 21.-International,
national and Canadian skating
dates were annunced today by JUL
ian T. Fitzgerald president of the
International Skating Union. They
are: Canadian outdoor champion
ships will be decided at St. John
N. B., January Is and 10. American
national outdoor Plattsburg, N. Y,
January "a, Is and 26.
International outdoor champion
ships Saranac Lake. N. Y, January
81 and February / and 2. Diamond
medal for national or international
point winners. Lake Placid, N. Y,
February 3, 10 and IL. Eastern
Canadian Winnipeg February 16 to
20 in connection with annual win
ter carnival. American Western,
Chicago, january Isl Cleveland and
Pittsburgh will divide the national
indoor dates to be set later. Mid
die Atlantic, Newburgh, N. Y, jan
uary l.
The Washington herald., 1921-12-22
NAME OFFICIALS
TODAY TO HANDLE
PASADENA BATTLE
Football Rural Exchange
Lists of Experts-W. &
j. Honors Capt. Stein.

WASHINGTON, Pa. Dec. 2l.-Of.
ficials for the game at Pasadena
on January 2 between Washington
and Jefferson and the University of
California will probably be selected
finally not later than tomorrow.
Following the transmission of list
Of ten Eastern men acceptable to
the California authorities yesterday.
the Presidents today received from
the West the list of coast officials
from whom the Red and Black is to
select two men.
Manager Murphy refused to di-
vulge the identity Of either the men
he named or those received from
California The Presidents are I'M
familiar with Western officials,
while Coach Smith, of the Bears
knows most of the men submitted
by Washington and jefferson. The
Presidents today are getting tLfor-
nation relative to the merits OF the
coast officials and expect to select
the two whom they desire not later
than tomorrow, as Manager Murphy
hopes to close up the matter before
the team leaves on Saturday.
Capt. Stein, Of the Presidents, to-
day received the greatest ovation
ever rendered a Red and Black grid
iron leader. When morning chapel
was convened S. S. Baker. acting
president, addressed the students,
telling them that the team and the
institution had been honored by
the selection of Stein as one Of
Walter Camps all-American tack
les. Mr.. Baker called the captain
to the platform, while the students
rose and cheered for ten minutes
and the faculty Joined in the dem
onstration. Stein briefly thanked
the undergraduates for their appre-
citation and expressed the belief that
further honor would be Washington
and Jefferson's portion through a
victory over California on Janu-
airy ..
The Washington herald., 1921-12-22

Hyattsuille Soccer
Team Plays Central

Soccer as . scholastic sport
will be introduced In the District
this afternoon when the newly
erEanixeA Central High seheel
eleven will oppose Hyaftsviiie
High IN the Central stfdiu0.
The ancient British gaD4 was
added some weeks age tesCen-
traps sport calendar when DR.. G.
Harris white. former white .Sex
hurler and . close student 81 sec
Ger, started drilling . big squad
Of aspirants for the eleven. The
game has won many followers at
Central who are eager to see
their favorites In, action against
the Invaders.
Soccer In gaining hold In
Maryland. and o0ciais of the
state Public school Athletic
League are sponsoring q move
,aent to substitute this sport for
football.
The Washington herald., 1921-12-22
Purple After Robertson.

SYRACUSE, N Y, Dec. 21.-Harry
Robertson. director of freshman
athletics at Syracuse University and
former Orange grid star, has been
offered the post as head coach Of
football at Northwestern University
of Evanston, Ill. N northwestern is
the second college to open negotia-
tons for the services of the Orange
mentor. who steps down at the close
OF college in June. New York Uni
cersity also is seeking Robertson's
services.
The New York University offer is
said to be favored by Robertson at
present. Robertson, who coached
the Syracuse club eleven last fall is
now handling the yearling basket
ball five and will be at the helm of
the freshmen nine in the spring.
The Washington herald., 1921-12-22
Navy Trims SUarthmOre
In Closing Soccer Game

ANNAPOLIS, Md. Dec. 21.-De-
feating Swarthmore at soccer, to 1,
this afternoon, the Naval Academy
closed in fine style its first season in
that sport
All the scoring was done in the
second half and throughout a high
wind interfered with the team play
and footwork. Baker scored for the
Navy two minutes after the opening
Of the second half. and Osler followed
in three minutes with a goal for
Swarthmorc. The winning goal was
kicked by Moore five minutes before
the end of the game.
Some excellent dribbling and pass
ing was done by Baker, Wadbrook
and Creehan for the Navy and by
Lands and Pratt for Swarthmore.