davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-04-19

D. s. STEEL POLICIES
GET ENDORSEMENT
Stockholders Pass Resolutions
and Reflect Old
Directors.
BIG HOLDERS INCREASE
Shares Passing From Hands Of
Spectators Into Those
of Investors.
BIG HOLDERS INCREASE

There were represented at yesterdays
meeting OF the United States Steel Corr
Loration at Hoboken 1,34O,0s1 shares of
preferred stock and 2,052.26s shares of
common. Richard v. Lindabury. Thomas
Murray, Robert Winsor and Percival
Roberts, Jr., were reelected directors,
and no successor was chosen to fill the
vacancy caused by the resignation of
James FL Reed. Messrs. Lindabury and
Roberts and J. p. Morgan were elected
to administer the steel corporations
profit sharing fund set up for the bene-
fit OF employees.
William Coyne of Wilmington. who is
connected with the Du Pont interests,
extolled the dividend policy of the cor
poration. J. c. Sibley. Jr, presented
resolutions indorsing the policies Of the
management, especially with respect to
labor. which were adopted.
Hiram Hixon in maintaining that the
corporations surplus is now big enough
and that any further additions would
furnish ammunition for the big COM
pany's enemies offered resolution pro-
viding that in the future all earnings be
distributed when and as earned to the
stockholders.
Judge Gary in reply asserted that the
corporation could be depended upon to
"do the right thing in the right manner
and at the proper time" and reminded
the stockholders that the surplus was
not cash that S11o, 100000 was invested
in Government securities which could
only be sold now at an unnecessary sac
rifice The resolution was tabled.
A review of the stockholders lists
confirmed the fact that shares have been
gradually passing from the hands or
speculative interests to investors and the
names of stock brokerage firms on the
books are not only fewer in number
but much less important in the amount
of stock held. The big holders, too, have
added to their investments the books
reveal.
Judge Gary. for instance, chairman Of
the corporation, is shown to own 1927
shares of preferred stock and 1,641 OF
common, while James A. Farrell. presi-
dent, is credited with 3.246 shares of pre-
ferred and 4.644 shares of common
The largest single holding disclosed
by the books is that Of +. Fl. Gary and
Richard Trimble, treasurer OF the cor
poration. Held Jointly in the names of
these two officials are $1,000 shares OF
preferred stock and 321.40S shares Of
common. This is believed to represent
largely common stock held in trust Tor
employees who have subscribed for It
under the corporations partial pay
ment plan.
Likewise a great many shares appear
in the names OF various persons IN
q 80 ~
other employees of the Morgan firm.
These shares. it is believed, are trusteed
holdings for estates which are being
administered by the big banking house.
Following IS a list of some OF the
a roar holdings.
The New York herald., 1921-04-19
cAnnInn rACronY.

The Air Reduction Company, INC. has
obtained control from May / Of the Ma
tional Carbide Corporation cf Virginia
with ita modern carbide plant at Ivan
hoe, va. The Air Reduction Company
will manufacture and sell everything
that relates to oxyacetylens cutting
and welding.
The New York herald., 1921-04-19
STATISTICS.
COTTONsEED OIL.
REFINANCING PLAN OFFERED.
ohio Traction aud Light
Stockholders Meet May 16.

Stockholders OF the Northern Ohio
Traction and Light Company VIII meet
cn May 16 10 consider plan o. refi-
nanclng. According 70 the notices
stockholders may subscribe to per
cent. preferred stock at sos share and
accrued dividends. For each share OF Z
per cent. stock 50 subscribed two shares
OF per cent preferred stock may be
exchanged for two shares Of per cent
preferred stock. Stockholders also may
exchange the 6 per cent preferred stock
for per cent. preferred stock without
subscription to per cent preferred
stock upon payment OF $40 a share
partial payment plan has been
worked out. The company reports that
IL has more than doubled its gross
revenues HI the last four years ana has
spent more than s7,900.000 in extensions
and improvements 10 its generating
plants and electric and railway equip
ment.
The New York herald., 1921-04-19
COTTON PRICES UP
ALITTLE AT CLOSE
Final Bids Are 10 to Is Points
Net Lower-Local Spot
Is Off Is.

The cotton market was under heavier
selling pressure yesterday and declined
about 10 to Is points in the course of
the days business. Trading was dull
and uninteresting pending some new
development in the British labor situa-
ton. Some traders expressed disap-
pointment that the situation had not
taken favorable turn. which may have
accounted for scattered liquidation by
local longs. Weather conditions were
unfavorable, the map showing generally
clear weather over the Western belt
and frost at several places. In the
East scattered showers were reported
Official forecasts promised frost for
last night but rising temperatures to-
day.
Liverpool cables were about as due,
the English market closing quiet, with
a gain of points to a decline of 2.
Manchester reported Improvement, with
yarns hardening and cloths in good de-
mand. First sales here were 8 points
lower to 8 higher. Business was fairly
animated at the outset. but in the later
part of the forenoon died down con-
siderably. The South sold, as did Wall
Street. while demand was scattered and
hardly sufficient to take care of all
offerings in the market. There was
no change in sentiment. which con-
tinued mixed. New business was re-
stricted by a little professional short
selling. The trade took few lots on
the call, but later left the market.
Demand for cotton goods was re-
ported as very quiet, and the tone of
their market was steady The days
heaviest pressure was not met until
the markets third hour. when May
dropped more than 20 points. Pressure
seemed heaviest on near options. The
market ruled easy and unchanged dur
ing all OF the afternoon. The last hour
was very quiet, scattered short cover
ing causing a slight recovery near the
finish Final bids were 10 to Is points
net lower and local spot was off 10
points at 1870 cents.
The New York herald., 1921-04-19
NORTH DAKOTA tDEFLES
WALL ST. IN BOND SALE
Opens Office Here to Sell
Securities Ouer the Counter.

Officials of the State OF North Dakota
have opened an office in New York for
the sale "over the counter" OF bonds
which the State has been unable to dis
pose OF through other channels, and in
its first appeal to investors declares that
I'VE defy Wall Street and appeal directly
to the people"
Spurgeon Odell, a representative of
the Bank OF North Dakota, who tramped
from one end Of Wall Street to the other
several months ago In an endeavor 10
place the issue, has been sent to New
York to take charge of the sales and has
opened an Office at 81 Fifth avenue. The
bonds may also be purchased directly
from the Bank of North Dakota. Bis
ma rex.
No maximum amount of bonds Is Of
fered. They are in $25. $50. 500 and
81 900 denominations and mature in ten,
fifteen. twenty and twenty-five years.
The interest specified on the face of the
bonds is 5a per cent.
in appealing to the public to buy the
State bonds officials of North Dakota de-
clare that the State owns property worth
$60.444,403 and that all of the bonds
issued will be less than one-tenth of the
value of the States property on which
the bonds are lien.
The New York herald., 1921-04-19
STOCKHOLDERS HELD LIABLE.
Court Authorizes Enforcement I'm
Prudential Trust Case.

BosToN, April 1s.--Stockholdcrs Of the
Prudential Trust Company. closed by
the Bank Commissioner several months
ago, will be held liable for losses by
tho institution to the full amount OF
their holdings. II became known to-day
The company was capitalized AT SOC, 600
After tho Supreme Court had author
ized to-day enforcement OF tie stock
holders liability II was learned from
the Commissioners office that tile as-
sessment would be 10 per cent, which
implies that the banks capital had
been wiped out. entailing absolute loss
OF stockholders interests. The further
extent OF the deficit has not been de-
termined definitely. \ was said, but
full assessment would be imposed on
stockholders In addition to their meet
ing demands that may arise.
The New York herald., 1921-04-19
FRENCH GOVERNMENT
SUES STEAMSHIP LINE
2 Actions for About $4,000,
InUolUing War Shipments.

The Republic OF France, through Kir-
lin, Woolsey Campbell Hickox & keat-
Ing, appears as plaintiff In two actions
begun yesterday in the Supreme Court
against the Compagnie Generate Trans
atlantique, or French steamship line.
one seeks the recovery of s2.o66.sS for
property Of the plaintiff consigned TO
tho defendant September u, 1918. The
other seeks the recovery Of s6.3S5.09
worth OF property consigned September
25. 1918. Interest since those dates and
costs are also sought
According to the lawyers represent
ing France the litigation arises In the
course OF settling the Republics trans
portation bills during the war. the steam-
ship lines accounts not showing what
was done with the property in question.
The action was brought locally because
the consignment was shade in New York.
The New York herald., 1921-04-19
LIy ERPOOI..

Spot cotton quiet at : points advance; /;
mIddling. 1854. Sales, 1000; American,
5000 Imports. 5000: American. none. Flu
lures opened quiet At II to IL points advance
closed barely steady. . lower 20 . points
higher. May, sod: Iuly. s.30d.: October
sod: December. S.67d: January, sid.
Manchester: Yarns, hardening tendency;
cloths GOOD demand.
The New York herald., 1921-04-19

or CRY, Npril 1S.--Credit balances,
1926; runs. i,2.iH. average 6tlGS. shin
meuts s2.t9i average, Aa30
The New York herald., 1921-04-19
Range OF prices I:
NEW ORLEANS.

NEW ORLEANS. April 19.-The cotton
market closed steady to-day at net decline
OF 10 to 20 points. Closing: May. liza
July. 1928: October. 1870; December. 1902:
January 13.15
The New York herald., 1921-04-19
CRUDE OIL PRICES RAISED.
Advances Are 10 20 20 Cents n
Bnrrcf. Effective Yesterday.
!. y. sToCK EXCHANGE QU0TATI0Ns.

PfrrsBuRoH. April 1s.-An increase
IL the price or crude oil was announced
here to-day by the principal purchas-
ing agencies. Tho Increase ranged
from 10 TO 25 cents barrel.
The new prices effective to-day fol-
low: Pennsylvania cruse. SB, a re-
duction OF . cents: Cabeil. sl.96, a re-
duction OF 10 cents: Somerset. si.75, a
reduction or Is cents. Somerset light
50 reduction of 20 cents: Ragland
Ills. a reduction OF 10 cents.
The New York herald., 1921-04-19
ABAND0NS SALEM PLANT.
Mullins Body Corporation VIII
Move 60 Detroit.

Tho Mullins Body Corporal on or Sa-
ltn ohio. has taken an option on a
fully equipped plant AZ Detroit The
move 10 Detroit is an aftermath ~ the
labor troubles which developed IN Salem
more than month ago. Then The cor
poration announced nine hour day.
The employees objected and we're locked
out. Subsequently every large plant In
Salem adopted the same policy.
A representative Of Mullins Body Cor
rcration yesterday made this statement:
''Thc Mullins Corporation with plenty
OF orders on hand. has decided to waste
no further time with its mon. and AS
there are abundant body maKcrr Gtall-
able ia Detroit, has decided to start
operations there immediately"
The New York herald., 1921-04-19
UNITED sTATEs TREASURY sTATEMENT.

Revenue expenditures as close q sp6 N0 IS
The New York herald., 1921-04-19
FOREIGN MARKETS.

LoSDoE, April Is Bar silver. 81 ssd.
an ounce bar gold. i04s. Sd money.
az per cent. Discount rates-Short
bills. 8 "a per cent three months bills,
81 per cent Gold premiums at Lisbon,
t4O
PANS, April is.-Priccs we're irreE-
ular on the Bourse to-day. Three per
cent rentes 56 francs 20 contimes ex-
change o. London. ~ francs SO cen
times i per cent loan. SO francs % cen-
times tile dollar. e francs ST. centmcs.
The New York herald., 1921-04-19
Columbia cas- ana Electric.

Directors of the Columbia Gas ana
Electric Company will meet IN Scw York
tomorrow for dividend action. and one
OF them said yesterday that its regular
dividend undoubtedly would be declared
and paid. as It's earnings we're az the
rate of more than 10 per cent per an
NUN on rs common stock.
The New York herald., 1921-04-19
SUGAR.

The range &c prices III ycsterday's
sugar futures market follows
The diamond drill., 1921-01-15
Secretary
Read the Ads
Crystal Falls, Mich

Crystal Falls, Mich,
January 5. 1921
A regular meeting OF the Supts. of
Poor for Iron county was held on
the above date
Members present: John Williams,
acting chairman, and Robert Munns.
Minutes OF previous meeting read
and approved.
The December bills, amounting 10
s5.5Sl.16 were audited and upon mo
tion were allowed and the secretary
was instructed TO forward said bills
TO the County Clerk for payment.
Upon motion duly made and sup
ported the following appointments
for the ensuing year were made:
Chairman. Olof Helegmo.
Secretary, Robert Munns
Physician and Surgeon, DR.. A. M.
Darling-tc receive a salary of one
thousand lollars per year monthly.
He agrees on his part to furnish all
medicine and medical attendance for
the inmates Of the county hospital or
poor house, also to furnish the same
for the manager and his family. Fur
ther he agrees TO perform all nec-
essary surgical operations for the
county poor residing at the county
hospital. the county TO furnish all
equipment and supplies for the coun-
ty hospital, exclusive OF medicine.
Physician for the west side OF the
county, Or. w. S. Stevens.
Manager OF Co. Farm and Inirmery,
NJ. Kellestrom.
No other business appearing, upon
motion meeting was adjourned to Sat
urday Feb 9Th. 1921, at 1000 o'clock
A. M.
RoB'T. MUNNs.
Secretary
The diamond drill., 1921-01-15

TO be given TO them absolutely and be
administered by them without any
control on the part OF the County
Board.
We believe that II is the spirit OF
the Board not 10 give public moneys
In such large amounts at least absol-
utely In the hands Of organizations
not In some respect az least under
the control of either state OF county
organization.
They also gave us 10 understand
that they could raise more money
than We could.
We therefore beg TO be discharged
from any further duties in the mat
ter.
1. w ByERs.
The diamond drill., 1921-01-15
q. 4. BISHOP.
THOs. coNLIN

Moved by Supervisor Neely ana
supported by Supervisor counlhan
that the report OF the special commi1L
tee. consisting OF Messrs. Byers. conl
lin and Bishop be accepted and yotA
OF thanks be extended 70 each OF them
for their services on said committee.
and that said committee be discharg-
ed Motion carried.
Moved by Supervisor Perkins and
supported by Supervisor Nelson that
this Board wishes 10 express their
appreciation Of the work done by the
Y. w. C. A. in this county the past
year, and hope that the work can be
Continued on page ~
The diamond drill., 1921-01-15
PROBATE NOTICE

STATE OF MICHIGAN

STATE OF MICHIGAN
The Probate Court for the County
OF Iron.
Al a session of said Court held al
the Probate Office in the City of Cry
stal Falls, in said county on the Srd
day OF January, A. D., 1921.
Judge OF Probate.
Present: Hon Fred +. Hurphy
In the Matter Of the Estate OF Jer-
ONE b. Schwartz, Deceased.
George Schwartz, Jr., having fled in
said court his final administration ac-
count and his petition praying for the
allowance thereof and for the assign
ment and distribution OF the residue
OF said estate,
1T is ORDERED, that the 9th day
Of February, A. ID. 1921, at ten o'clock
in the forenoon, al said probate Office,
be and is hereby appointed for exam
ining and allowing said account and
hearing said petition;
Il Is Further Ordered. That pub
lie notice thereof be given by pub
ilcation OF a copy OF this order, for
three successive weeks previous &c
said day OF hearing in The Diamond
Drill, a newspaper printed and cir
culated in said county.
FRED f. MURPHY,
Judge OF Probate.
A true copy
The diamond drill., 1921-01-15
Anna Malentlsch. Defendant.


Mike Majentlsch. Plaintiff.
vs..
Anna Majenusch, Defendant.
Suit pending in the Circuit Court
Cor the County or Iron. In Chancery.
on the Srd. day OF November. A. ID.
1920,
In this cause, II appearing from al
fidavit on file that the defendant, An
ma Maientisch. Il not resident OF
this state. but resides In the city OF
Chicago, state OF Illinois. on motion
Of Dan ]. O'Hara, Attorney for the
Plaintiff, 1T is ORDERED. that tie
said defendant, Anna Mejentisch,
cause her appearance to be entered In
this cause within three months from
the date OF this ordeE< and in case of
her appearance that she cause ner
answer 10 the plaintiffs bill Of COM
plant TO be filed. and a copy there
Of 70 be served upon the plaintiffs
attorney within twenty days after
service on him OF copy OF said bill,
and notice OF this order, and that In
default thereof that said bill be taken
as confessed by said nonresident de-
fendant
And Il Is further ordered that with
in norty (4O) days after the date here
of the said plaintiff cause notice OF
this order 10 be published in The Dia-
mond Drill, a newspaper printed,
published and circulating in said
County of Iron. and that such publi-
cation be continued once in each
week for six successive week, or that
he cause copy OF this order 70 be
served personally on said non-resi-
dent defendant, at least twenty days
before the time above prescribed Tor
her appearance: And it is further
ordered that the said plaintin cause
COPY OF this order TO be mailed 10
said defendant at her last known
post office address, by registered mail
and a return receipt demanded at
least twenty days before the time
herein prescribed for the appearance
Of the defendant.
AT. DIXON,
Circuit Court Commissioner
DAN ]. O'HARA.,
Attorney for Plaintiff.
Business address: Iron River, Mich.
STATE OF MICHIGAN,
County OF Iron-ss
/, John Wall, Clerk OF said county |
OF Iron and Clerk for the Circuit |
Court OF said county, do hereby GER
iify that j have compared the forego-
ing copy OF Order Of Appearance in
the case OF Mike Majentisch VS.. Anna |
Majentisch, with the original record |
thereof now remaining In my office.
and that IL is a true and correct tran
script therefrom and OF the whole OF |
such original record.
In testimony whereof, ] have here
unto set my hand and affixed the seal
of said Circuit Court this 3rd day OF
A. d., 1920.
JOHN WALL.
Clerk.
The diamond drill., 1921-01-15
--Read the Ads
BOARD or SUPERVISORS
Dec. M 1920

btts IL iS@V
Meeting OF the Board OF Supervis-
ors OF Iron County. Michigan. held
in the Supervisors room In the court
house. AT the City OF Crystal Falls,
on Saturday. the nth day OF Decem-
Der. 1920
The meeting was called TO order
by ]. u. Udd. Chairman with the fol-
lowing members present:
Victor Benson. w J. Perkins.
Chas. uren, Charles A. Nelson, Nate
warshawsky. b. G. Nicely. John
Bloomuuist, John counihan. J. n. udd.
Jhsert: J. n Corbsft.
The diamond drill., 1921-01-15
A true copy

GET INTO BUSINESS Watkins 1877
products sell TO every farmer. II you
own auto or team, can give bond,
write today for information where
you can get territory for selling pro-
ducts OF largest institution Of kind
In world. Twenty million users. J.
r. WATKINS CO, Dept Ill. Winona,
MINI. (52-S)
The diamond drill., 1921-01-15

Upon motion by VIM. Burge and
supported by Ivar Olson that the
Board decide to have the insurance
OF the new high school building for
the amount OF one hundred thousand
600 000.00) dollars. providing they
have fifty thousand (S50,000.00) in Ir-
on County National Bank OF Crystal
Falls and fifty thousand $3.50, ,000.00)
dollars in the First National Bank of
Iron River Motion carried, all vot-
ing aye upon roll call.
The Board instructed that Mr.. G. A.
Gustasson should order a cork carpet
is inches wide for the purpose OF
using on the top of the black boards.
There being no further business
before the Board and the motion be-
ing duly supported the meeting ad-
journed.
]. F. THOMPSON.
Secretary.
The diamond drill., 1921-01-15


Chas A. Nelson,
Benz. C. Nicely.
Moved by Supervisor Counihan, sup
ported by supervisor Nelson that we
appoint Mrs. +. G. Bowers, Mrs. A. J.
Pohland and Mrs. j. w. Peterson for
the west end OF the county and Mrs.
W. II. Rein, Mrs. j. j. Gaffney and
Mrs. r. G.. Whitehead for the East
end OF the county 10 act in conjunc-
tion with the County Superintendents
OF Poor in the investigating the needs
OF the poor OF said county and re-
quest the Poor Superintendents 10
cooperate with said ladies.
Motion carried.
Moved by Supervisor Counihan, sup
ported by Supervisor Benson that we
extend a vote OF thanks 10 Mrs. Il. G.
Bowers. Mrs. A. j. Fohland. Mrs. w.
II. Rein and Mrs. J. j. Gaffney for
their work in investigating the poor
charges Of the county. Motion car
ried.
MONtu ny CuptiNlrOi ANttiyf o'Nohh-
ed by supervisor Benson that the
Chair appoint a committe OF three to
Investigate the workings of the Supts.
OF Poor Motion carried.
The Chair appointed on the above
named committee. w. ]. Reynolds.
e. C. Bowers and Arvid Bjork
To the Honorable Board OF Super
visors:
OF the County OF Iron:
Your committee appointed TO report
on an Agricultural policy for Iron
county and Home Demonstration or
Club Worker beg leave 20 further re-
port that in accordance with your i'm
structions at the last meeting OF your
board your committee held further
conference with the Executive OF the
Y. w. c. A. international Institute:
that we failed TO come 10 any UNDER
standing with the representatives OF
the institute for the reason that they
dfsi-e all money paid by the County
The diamond drill., 1921-01-15
Read the Ads


December %. 1920.
A regular meeting OF the Township
BOARD duly called and held with the
following members present: Super
visor Uren, Justice Fribley and Clerk
Bertrand. The following bills were
allowed as read and the Clerk in
"a g, 1,,rtta ordaro To-. aan,a.
The diamond drill., 1921-01-15
ItVHU IIIV htIF
LOST OR STRAYED

FOUND:--A Ford tire on rim. In
quire OF Vim. Poyseor
The diamond drill., 1921-01-15

The minutes OF the last meeting
were read and approved.
The auditing committee made their
report TO the Board as follows:
Moved by Supervisor Perkins and
supported by Supervisor Beison that
the report OF the auditing committee
be accepted and the clerk be instruct
ed to draw orders for same.
The diamond drill., 1921-01-15
6w-lst Dec. IL.
II MICHIGAN.

The Circuit Court for the County
cf Iron In Chancery.
Mike Majentlsch. Plaintin.
The diamond drill., 1921-01-15

All VOTING aye upon roII call.
There being no further busines
meeting adjourned.
FRANK /. BERTRAND,
Clerk.