davidaulloa/AmericanStories huggingface dataset:
The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1921-01-12
WHERE'S THE CASH OF YBSTER.
DAY.
By George Baldwin in the Pickens
SentineI.)

I'd like to know,
WHAT'S become Of all the money that
was here year ago?
If the farmer sold his products, he
got a nifty price
For everything 'he planted, from cot
ton down to rice.
And listen what I'm saying, for It's
pretty nearly true,
One had to buy a steer or pig to ger
a pound or two
Now the farmer I'm not knocking,
For he, too, paid a lot
For labor, stock and implements and
everything he bought.
If he went to see the merchant to get
his wife a dress,
A hundred dollars there was gone,
or very little less.
Or if pcrchance he went to town to
buy o suit Of clothes,
The .prica ne had to pay for It, why
soodnoaa orly knows,
vr,.-.,,.. -,
~. ,l,o ,. ,o4. e ,,,,,.
+,., ,,,, ,o.,,
And TIE chc&past Kind Of labor made
, ,,,o, ia, ,,,,,o, or do,,,,h
,vhy ,o,. ,,,r ,iny,, conr,, 90 ort
n,I ,,i .t,.,,
= ,,o,,. ,,l d,,,. ,,io ,,.,oo. ,bo,,.,,,
40 ,.o.r,t o,o,.tb :, damn
The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1921-01-12
statement of Ills ConditIon nf the
BANK OF Gk0SS NiAA,
Located III Grass iIill, $. c.. ut The
close 0i BUSINESS December 81, 1920.

BANK OF GK0SS NiAA,
Located III Cross iIill, $. G.. nt the
close 0i BUSINESS December 81, 1920.
RESOURCES
Loans and Discounts !. $2GTG24.G0
OverGra.tS . l6i 80
Fnrnivurc ara Fixtures :. 2,0&G.a0
Banking House l,25O.2l
Due fUm Banks and Bank
cra :. 9,l2S.44
Currency ;. ..... :. l,9Sl.O0
Gold !. :. :. :. $3.50
Silver and Othcr Coin 4l5.25
Checks and Cash Items ;. G6.07
Total :. :. $3.50, ,25l.i6
Capital Stock Paid In ;. IS $4,000. 90
Surplus Fund :. ;. 25,000.00
Undivided Profits, less Cur
ront Expenses and Taxes
Paid :. :. ;. ... ;. :. 12,1G1. .5S
Due to Banks and Bankers l,406.71
Dividends Unpaid ;. ;. 100000
Individual Deposits Subject
to Check ;. ..Sl7S,0l6.4l
Time Certificates Of De-
post :. S6409.d6
Cashiers Checks 2Go.3o 264,6S6.17
Bills Payable, including Ger
tificates for Money Bor-
rowed ;. ;. :. ;. ;. 100000
Total J. :. !. !. ;. $685., 5,254.46
State of South Carolina,
County Of Laurens.
Before nc came ". p. Martin. Cash
ior of the above named bank, who be-
ing duly sworn. says that the above
and foregoing statement is q truo con-
dition Of said bank. as shown by the
books % said bank.
w. p. MARTIN.
Swor" to and subscribed before ne
j. r. I,IlAMAN,
Notary Puhlic.
correct Nttost: w G. iEosor j. II.
MillG r.. a. Austin Directors.
The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1921-01-12

to$satmonC OI Iss9 C0nQlu0n OF tho
BANK or MOUNTYILLE
aAcated at MEANWHILE, 8. c., at ahe |
close Of business Dec. 81, 1920.
RESOUROES
Loans and Discounts :. y .$102 ,O23.32
Bonds and Stocks owned by
the Bank ;. .....,., 1,532.20
Furniture and Fixtures ;, 2,120.Oo
Banking House =. :. y. ). 100000
Due from Banks and Bank
erS 7,9S5.21
Currency :. .. ;. ). ;, 2,O12.00
Gold :. ;. -. :. 500
Silver and Other Coin :. :. 324.$5
Checks and Cash Items 53l SO
L1ABnir1Es
Capital Stock Paid In :. IS 20,250.UD
Surplus Fund j. ;. ;. 6,000pO
Undivided Profits. less Cur
rent Expenses and Taxes
Paid :. :. !. 2,5S6. 80
Due to Banks and Bankers 320.72
Individual Deposits Subject
to Check -. $50 ,440.S2
Time Certificates of De-
post . -. -. 25,416.7G
Cashiers Checks 160,57 5G,01S.15
Bills Payable, including Ger
tiiicatcs for Money Bor-
rowcd :. $4,000 90
Total :. .$12olsA.77
State Of South Carolina,
County OF Laurens.
Before mo came G. NJ Fuller. Cash
Ter Of tho above named bank who be-
ing duly sworn says that tho above
end foregoing statement is n true con
New-York tribune., 1921-11-20
High Grade Railroad Bonds

Questton--As Administrative of an estate
have each year In December or January
invested in Liberty bonds because prices
have then dropped to low levels. might
like to ask what you think are the pros
poets for the coming December and Janu-
AIRY, whether Liberties are likely to go
low enough TO yield 5A to 5is per cent !?
II they do not, what bonds furnishing this
yield would you recommend me to buy
Absolute safety of both principal and In
terest Is an Indispensable consideration
--(Mrs.l M. w. P.
Answer-What you are asking US is
an opinion on the course of the bond
market, which would be only an opin-
ion, and not worth very much to you.
II you are dissatisfied with the yield
on Liberty bonds at present prices we
suggest that you invest the funds that
you have available now in some Of the
high grade, low coupon rate, railroad
bonds, such as Atchison General 4s,
selling at about 80, to yield about 5 per
cent; Central Railroad of New Jersey
General IS, selling at 81, to yield 5.1S
per cent; Delaware & Hudson first and
refunding 4s,' selling at about 90, to
yield $40 per cent; Illinois Central
first SMs. selling at about IS, to yield
536 per cent; Chesapeake & Ohio gem
cral 4 44s, selling at about 70, to yield
about $40 per cent, or virginian Rail-
way IS, selling at about SS, to yield
about 6 per cent.
New-York tribune., 1921-11-20
n Definite Investment Plan

QuestonI haze read
e"e ase yur dnd oig advantage of
o"' mdd poun tortytsoo
from snvestens and knw little financial matters Dgno
the last f from monthly rental
certain stocks and bonds and spod like as fols
Se@ty per cent high class nucsens
hyh grade preferred stocks; rs business Investments
ana common stocks 10 CENT speculation Will
wdt sou and Whdt to buy? the folog
Postal savings bond s United Kingdom Britain and
ireland h cent; Kingdom of Belgium 25ycar IN cent Ku
dom Of Norcy Northern Rasvcu
s csnt Grand Trunk Raiay per cent d Pont
de Nentoars ~ cent; IN per cent
Kroecr Manufacturing, 71& PREFERRED suggested y local
6aas Share Umed States preferred Telephone and
Telegraph Company, American Foundry Compamy common
Cities Scce preferred Union common Atchison Topeka
Santa F Southern Pacfc Northe71 Northern
Pacfc OIL Steaher Motors Cerro do pasco
AnswerYou be congratulated think worked
out definite investment pan and glad make suggestions
accordance with outline AS high grade in
vestnent United States
Kingdom Grand Trunk Pacific Northern PaccGrat Northern
dom of Norway and Kingdom of Belgium
One exception should be noted however, that
Pacific sterling bond
regard foreign exchange If your
investment strictly exclude speculation sterling
bond might the Chicago
cent bonds due 196S guaranteed principal
that the station which include the Burlington
West This that would have
bonds at except the sterling bond and taking that
New-York tribune., 1921-11-20
Good Investments

Question-Will you kindly look over tho
a accompanying holdings and advise me as
to same: Age sixty. Can retire from my
position at any time on $4,000 pension.
Own my ow house and $4,000 real estate,
with the following securities, $4,000 st.
Louis q San Francisco prior lien 4s, 1880;
$1,000 Southern Railway general Is, 1856 !;
$1,000 Chicago & West Indiana common
ts' 1882; $1,000 Wilas Company convertible
funding 5s. 1865; $4,000 Cincinnati & Ohio
convertible 5s $1,000 Chicago, Milwaukee
& st. Paul general rcfunding 5s; twenty
shares Pere Marquette prior preferred:
ten shares Atchison preferred, Twenty-Five
shares Westinghouse Electric and Manu-
featuring preferred, seven shares Bethle-
hem Steel preferred, ten shares Standard
Oh of New York common, thirty-two
shares Standard Oil of New Jersey com
mon, thirty. shares United States Steel
Preferred thirty shares Babcock 4 VIII
sidering investing $4,000 about equally in
the following; North American preferred,
bethlehem Steel preferred, American Power
and Light preferred, Pacific Gas end Elec-
trio preferred. American Telephone and
Teiegraph.-M NJ. II.
Answcr--Your Investments are all
good, in our opinion, although we think
you would be safer to have your money
in Standard Oil Of New Jersey pre-
ferred, rather than in the common Of
the New York and New Jersey COM
panies. Instead Of more Of the Beth
lehem Steel preferred we would sug-
gest American Car and Foundry pre-
ferred.
New-York tribune., 1921-11-20
Good Prospects, and Bad

Question: am the owner of sixty shares
Of Chicago & Alton preferred, which were
bought at $50 share. would like your
advice on this stock---whether to hold 1t
longer or sell 1t at this time. / also have
seventy shares Of Pennsylvania Rairoad
shares OF American Smelling and rom
ing common. bought at $38 a share. Kind
iy give me your hdvice.---M. ]. A.
Answer-We advise you to sell your
Chicago & Alton preferred. There ap-
pears to be no likelihood Of the Chi
cago & Alton earning sufficient to pay
dividends on its preferred stock in the
near future. There Is, of course, just
bare chance that if the Chicago &
Alton were merged in accordance with
some one of the various plans that had
been suggested to carry out the pro-
visions OF the transportation act, it's
preferred stock rnight have some small
value. We think the chances are not
particularly good. We would also ad-
wise selling the Pennsylvania Railroad
stock. 1t. may be good many years
before the Pennsylvania can restore
its per cent dividends. On the other
hand, we would advise holding the
American Smelling and Refining COM
mon, notwithstanding the fact that this
Is speculation to some extent. We
think that the present price Of the
stock and other securities Of the COM
pany is lower than is justified by con-
ditions, and that the copper situation
is getting better. -
New-York tribune., 1921-11-20
German Bonds

:. Question-win you give your opinion on
German municipal and industrial bonds :?
Have been informed by investment broker
that these securities have many times the
assets of the outstanding bonds and that
a great many Of them are based on the
effect does the fall of the mark have on
these bonds? Would you constder this an
investment to hold for the return of the
better mark exchange GO. f. W.
Answer-To the purchaser in the
United States the fall of the mark
has the effect Of depreciating the value
of an investment in German municipal
and industrial bonds and reducing the
interest return, whether these bonds
are based upon the gold mark or not.
The latter point is not important, be-
cause Germany is no longer on gold
basis and principal and interest Of
bonds which by their terms are pay
able in gold are being paid in paper
maks. We do not consider German
municipal and industrial bonds as an
investment at this time, but, on the
contrary, regard them as very poor
speculation.
New-York tribune., 1921-11-20
Proof of Ownership

Question: have some bonds belonging
to young woman in my safe deposit box,
scaled ana addressed In her own hand
writing. Would It be difficult for her to
clat-n them In case OF my death7 What
lines OF business Is. the North American
I'M Do you consider common and pre-
50 and % 4 sharoa I've had this stock
time. Kindly. give full particulars. Are
there any bonds OF this company7--R. 7. 8.
Answcr--The young woman would
have to prove ownership of the bonds
if they are negotiable bonds. Presum-
ably there Ia some record of the broker
from whom she bought them by which
she could prove this ownership. The
North American Company was organ
lied in 1890 in New Jersey, and con-
trolls or Is Interested in the Wisconsin
Edison Company; also the electric
light, power and trolley companies Of
st. Louis, etc. The company has no
bonds outstanding, and has 500, ,793 400
capital stock. The-stock is somewhat
speculative, we think.
New-York tribune., 1921-11-20
L. & N. First So

Der 3. 1891, under the caption For High
Grade Rails" you adrse louisville &
Nashville first 5s, due 1887. In this con-
nection. upon going further into the SUBJ
5ect | became confused because I ap-
peared to discover that the same company
issues unified As. due 1910. which are SO
Tar i; as 1 can make out, secured by first
whereas, again, far as I can flnd out
the first 6s, duo 1887, but slightly
hampered by any first lien excepting upon
two or three short connecting links, the
nuisance value OF which do not question
What ! mostly fear is that I am not
properly informed regarding the security
for the first bs. 1887. and there should be
others osituated.-F. T. L.
Answer-Louisville e. Nashville first
IS underlie the unified As, and while
we are not lawyers enough to say for
certain what could be done in the way
of getting out from under in the most
unlikely event of reorganization, we
don't see how it could be accomplished
We stick to the characterization of
these bonds as being of the highest
grade.
New-York tribune., 1921-11-20
Hope Springs Eternal

:. Suesuon--I am desirous OF purnha s,ro
semc Sc German municipal bonds, preferrinss
thsna tnhasmaoarg e. ana Berlin a. what do YOU
they will be worth par In twsnty oH psnevc asrs
fsns quo IL tho Investment is good -
Answer--We do not believe that Ger
man municipal bonds will be worth par
IN twenty years or any other time. and
we 90 not believe that they are good
investment; in fact. we do not believe
thAt they are an investment at all. We
thlnk that they are much more likely
to be placed with Confederate currency
or the paper money issued. by the late
Carranza regime in Mexico, valuable as
an interesting curiosity and as an ex-
ample OF the gullibility of some people
wnen financial questions are involved
New-York tribune., 1921-11-20

IdOC OUIOS.
We are not nearly so familiar as
your local bankers are with the Washer
company and Kroehler Manufacturing
Company preferred stock, and will
therefore leave that out of considera-
tion. We would rate United States Steel
preferred also as among the high grade
Investments, Notwithstanding the fact
that it is stock and not bond. We
would be inclined to rate the American
Telephone and Telegraph stock as be-
ing in your second rather than in your
third category, Notwithstanding the
fact that it is common stock. The
company has no preferred outstanding
ahead of it. On the other hand we
would put Cities Service preferred in
the third category, along with Virginia
Carolina Chemical 71as. Du Pont de
Nemours TVS also belong in this class,
in our opinion, as do American Car and
Foundry common, Union Pacific COM
mon,. Atchison, Topeka & Santa Fe,
Southern Pacific and Great Northern.
New-York tribune., 1921-11-20
Investment Stocks

Question--As a reader OF The Tribune
ferred stocks in their order of merit, that
in your .opinion are suitable for invest
ment PA. r. D. C.
Answer-We are glad to name for
you some stocks that, in our opinion,
merit an investment rating. The order
in which they are given, however, rep
resents merely our opinion and might
easily be changed by other persons
Just MS competent to judge as we are.
However, we submit the following list:
United States Steel preferred; Stand
ard Oil Of New Jersey preferred; At
Gibson preferred; Union Pacific pre-
ferredi Norfolk & Western preferred;
Bethlehem Steel preferred; American
Telephone and Telegraph stock, and
General Electric stock.
New-York tribune., 1921-11-20
Prices Irregular
And Changes Few
In Curb Trading
Oils Hold Fairly Steady
as Volume of Business
Decreases; Other Issues
Now Watched for Activity

A smaller volume Of business re-
suited in an irregular price trend with
few decided changes in yesterdays
short session on the Curb market.
Oils held fairly steady, and traders
as rule turned to other issues for
activity.
Standard Oil, of Indiana, lost frac-
tion, as did Simms Petroleum, but
Carib Syndicate worked slightly
higher. Y Oil & Gas continued active,
along with Keystone Ranger and other
low-priced oils.
Chicago e. Eastern Illinois again
attracted attention, the preferred
shares continuing upward. Goodyear
common also scored small gain, but
Texas Gulf Sulphur dropped back
slightly.
New-York tribune., 1921-11-20
Trieste Fair Opens in May

American, Canadian and South
American manufacturers, according to
present indications will be we'll repre-
sented at the International Sample
Fair, at Treiste, Italy, beginning May
l. 1922. Numerous inquiries concern
ing the fair have been placed through
the American Manufacturers' Exports
Association here and Oscar Cosulich,
director general Of the Cosulich Steam
fair commission, has installed an in
formation bureau in the companys
New York Offices, II Battery Place.
The fair, according to Mr.. Cosulich,
will be bid for the renewal Of world
trade by the countries Of Southern
Europe
New-York tribune., 1921-11-20
An Income for Three 1nvalids

90 QnestionmMay ~ II l ask your advice in re-
8; gard to ,,,i1 INVESTMENTS? Myself and three
divided among US. We would like to in
vest in TINS naa,, amount 80 that it VIII bring
degree Of safety of principal. NV three iais e
sisters sis RS will be entirely dependent upon
nf ana have mysed maKs saKsa sWsary W of ss0O
this amount? In advising us what to In y
vest IN VIII you be kind enough to also
lie. ha sso,l US know what the yearly Income will
E. 6. r. +. '"s Investments you advise 2
Answer-lf you can live on your sal
ary and your three sisters together live
on approximately sl,77o a year this
venld be z per cent on the amount to
|be invested. You can get higher
income than this if necessary, which
would mean some sacrifice in safety of
interest or principal. We will assume
that you and your sisters feel that the
very least that they can live on is an
average Of $700 a year apiece, which
would bring the net annual income un
to S2,l00. IT this assumption is wronp
40 not hesitate to write to us again
Golng on that assumption, however, we
VIII attempt to give you a list of bonds
which will give you $2,10O annual in
come with as high degree of
safety as possible. We suggest
that you buy four $1,000 State Of
Queensland, Australia, 4 per cent TWEEN
ty-hve-year bonds, due October 1, 1941
payable principal and interest in New
York in United States gold, and not
callable before maturity. They are Of
fered at 80, which means that YOU
would pay $500 for your four bonds
Four Steel and Tube Company of Amer
lea per cent general mortgage series
B bonds, due 1851, recently selling at
SO, the cost being $3,720. Two Otis
Steel Company sinking fund per cent
bonds, due 194l, offered at 80, at which
price they would cost you $1,980. Two
Royster Guano IS, due 194l. Four
Rochester Gas and Electric general rs,
due 1946, offered at 96, costing YOU
$3.50. Four City of Rio de Janeiro IS,
due 1s4e, offered at 97M, costing YOU
S3,9lo. Two Cuban Telephone 71As, due
1941, offered at 95, costing $1,000, and
two Central Steel IS, due 1941, at e81s
costing $1,000, and two Brazil per
cent bonds, due 1941, payable principal
and interest in New York in United
States gold, recently selling at 9s1s.
This would bring. your total invest
ments up to S25,290 and your annual
income would be S1,920.
New-York tribune., 1921-11-20

The remainder of your stocks we would
rank as speculative. Very roughly,
then, this would leave you about $3.50
in speculative stocks, besides the
French internal bonds which you hold.
We would advise you to sell your
French Intervals, but if you want to
keep the money invested in France and
not to take: the full loss involved in the
present price Of exchange, we suggest
for your consideration the stocks Of
some of the strong French industrial
companies or the stocks of the French
railroads. We suggest likewise the
sale of Pennsylvania Railroad stock.
Under present conditions it is not
eligible to rating under your second
category, and does not yield n high
enough return to Justify holding it
under your third category. We sug-
gest as second grade bond, with at
tractive possibilities of appreciation in
price, Erie prior lien As, due 1896, re-
Gently selling at 55h, yielding 7.21 per
cent current interest
New-York tribune., 1921-11-20
Seasoned Stocks

Question.1 find that it will be expe-
dent to sell 5000 worth OF Great Britain
and Ireland 6izs, Belgian TVS and Swiss
SIS and. invest the money in stocks. Natu-
rally, wish to got as high a yield al is
properly consistent with safety-that is, I
want well-seasoned stocks In basic induse
tries. l already hold sufficient amounts of
fruit. agriculturals,. American Telephone
and Telegraph. United States Steel pre-
ferred. Atchison common. Southern Pacific.
Union Pacific preferred, Midvale Steel.
American Tobacco B, Hide and Leather,
Central Leather and American Sugar COM
mon. What other stocks can you recon-
mend? What is your opinion of Standard
Oil of New Jersey preferred and American
Sugar preferred ?-E. G. J.
,Answer-Standard Oil Of New Jersey
preferred is a high-grade investment
stock, in our opinion. American Sugar
preferred is. much more speculative
and we do not recommend it as an in
vestment under present conditions.
AS good stocks, with an investment
rating, we suggest Norfolk 8 Western
Railway preferred. Kansas City South,
ern Railway preferred and General
Electric.
New-York tribune., 1921-11-20
Shipments of Tire Castings
Declined in September

Exporta Of automobile tire castings
dropped more than 26 per cent in Sep
temher, according to reports received
by the Rubber Association of America,
ms, from sixty-three manufacturers.
In that month 40,577 castings were
shipped abroad, compared with 55,356
in August.
Shipments Of solid rubber tires also
fell of slightly in September. The
number Of solid tires exported in inch
sizes by the eleven manufacturers re-
porting to the association, totaled
1,764, and in metric sizes, Ats.
New-York tribune., 1921-11-20
No Connection

Question-Your column is always Of in
terest to me. and 1 have not infrequently
profited by its sound advice. May l In
cure II you are connected with any New
York bond or banking house? I am in
New York occasionally. and If so 1 might
pe able to throw little business in your
direction. and / would certainly be very
glad to meet you whether you are so con.
nected or not.--S. H. r.
Answer-We have no connection what
ever with any New York bond or banking
house, and are therefore unable to
accept your kind offer, for which,
however, we thank you.
New-York tribune., 1921-11-20
Cleveland Metal Products Is

Question--Please advise me If you con-
slider tho bonds e per cent issue OF 1e2D
Of the Cleveland Metal Products Company
a safe investment,--T. D. b.
Answar--We think that Cleveland
Metal Products Company per cent
sinking fund notes, due March !, 1890,
are good investment. They are a
direct obligation Of the company, but
are not secured by q mortgage. 1t
would be we'll to ask the house which
is offering you the bonds if they can
not obtain for you the latest earnings.
New-York tribune., 1921-11-20
co-pARrNERsHlp NOTICE

NOTICE IS HEREBY GIVEN THAT THE
co-partnership business heretofore con
Quoted By I. Gail Fischer and Adolph Kats
at le2 West 31st Street. New York City
under the name and style OF THE ADKAY
CO., has this day been dissolved by mutual
consent. Mr.. Katx will continue the busi =
trade name but for his own psrsonaiI
Dated. New York. Novsnhe, astn. 1sss.
I. GAIL ffSCHEM
ADoLPH KAYE
New-York tribune., 1921-11-20
PACIFIC OIL COMPANY
DIVIDEND NO. 2

A DIVIDEND OF one dollar and nfty
Stock of this compsn~ has sssn seelsrsa
payable at the Treasurer's Office No. 1856
Broadway, New York. N. y, on January
O'Clock PM. Tuesday December 20. 1921.
The stock transfer bosks via not be closed
for the payment Of this dividend. Cheques
will be mailed only TO stockholders who
have filed dividend ordere
HUGH NELL, Treasurer.
New York. November II. 1871.
New-York tribune., 1921-11-20
Garment Convention Speakers

Senator Edwin r. Ladd, of North
Dakota; G. A. O,Reilly, president
Of the Irving National Bank of New
York, and Edward D. Pickard, chief Of
the Textile Division Of the Department
of Commerce, viii be the principal
speakers at the convention Of the In
ternational Association Of Garment
Manufacturers to be held at the Wal
dorf-Astoria HotelS December and s,
New-York tribune., 1921-11-20
Investment Information

VwestfoMs Of general isste-cst to in.
vestors sctt % ansscered IN this col
asHsa ~ (Which oase only initials uill
90 Mssd. Others soill % anstvered bv
wdst. Addrsas all enquiries. incios.
snq a stamped, addressed cnvelot,e. to
TS,snnnctus :, Editor, The T.1bxns, Isl
"ossda Street, Nsw York CITY.