davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-04-21
AWANNA MELON
WILL BE SIS, 900, 900
I. c. c. Refuses to AlloU
Road to Issue Full Surplus.

WASHINGTON, April 20.--Autaority for
the Delaware. Lackawanna and Western
Railroad to Issue a stock dividend of
S45 ,000. 900 was granted to-day BY the
Interstate Commerce Commission. The
road sought to issue the full amount Of
its surplus. about $50. 100000. as stock
dividend.
The commission granted the authority
on condition that there be an issue OF
stocks. bonds or notes by lines leased
by the Lackawanna TO cover indebted
ness OF s10,3i4.04s6i. merely carried
now on the books OF the Lackawanna
az having been advanced to the leased
lines.
In granting the authority the commits
sion announced that the road was found
to have a large uncapitalized surplus.
that Its present capitalization was be-
low actual investment. or fair value OF
the property, that the increase In capi-
talization would still leave the total
capitalization below fair value OF the
property. that the uncapitalized surplus
would still be sufficient TO serve the
purpose FOR which surplus should be
accumulated. and that there was no
proof that the surplus sought 10 be capi-
taIized was the result or excessive trans
portation charges.
The road asked to capitalize its full
surplus. but the commission held that,
: the law provided. IN the event OF
consolidation Of railroad companies. that
the capita lizstlon OF the resulting COM
pany "shall not exceed the value OF the
consolidated properties, as determined
BY the commission" II devolved on the
commission 70 adjust the capital OF
carriers 70 the value OF their proper
ties
a substantial surplus should remain
uncapitalized. the commission said, as a
support for the roads credit. providing
for emergency needs. offsetting neces-
sary investments in non-reyenue produc-
inE property and serving as a general
Financial balance wheel"
The New York herald., 1921-04-21

Special Despatch 20 THE New YoRK HrssLp.
MONTREAL, April 20.--The Riordon
Pulp and Paper Company. the stock OF
which slumped to "a to-day from a higs
or 226 last summer, Is IN n critical
financial position and according to be-
lief In market circles. viii be Obliged
to pass its old per cent ana its ncw
s per cent. preferred stock dividends.
AS It's common dividend OF 10 por cent.
comes from the holding company's con-
troll Of Its per cent. preferred stock,
that dividend must go also II IL stated.
too, that the <ipawa plant. which srut
down last week end. will remain closed
and that others will be shut down.
The New York herald., 1921-04-21
HIGH EXCHANGE HITS
CANADIAN METHODISTS
Mission Work Must Be Modi-
fled or More Funds Raised.

TORONTO, April 20.-Adverse exchange
rates and the high cost or living have
upset the five year programme Of mis-
sion work prepared in 1918 BY the Ca
madam Methodist Church.
The Rev. DR.. 8. ID. Chown. superin-
tcndent of the church. to-day reported
to a meeting of Conference heads that
s12.000.o0o instead of $4,000. 900 would
be needed, as the church pays the New
OF the country.
The Conference heads will decide
whether to modify the field work or at
tempt to raise funds sufficient to meet
the situation.
The New York herald., 1921-04-21
ILLINOIS CENTRAL GAINS.

The annual report OF the Illinois Cen
tral Railroad Company for 1920 shows
not income, after charges and Federal
taxes. Of s13,57l,12s equivalent 10 s12.4i
share earned on the sl0s. .2s4.4e7 out
standing capital stock This compares
Eiih net income Of si2.tsAsls. OF sla.aa,
The New York herald., 1921-04-21
The Oldest "Trust Company?

TIME New York Life Insurance and Trust Company
has the distinction of being the FIRST financial inst
tuition in this country-and perhaps in the world
to commence business with Trust Company" part
Of the original title
One Of the Company's larger rivals IN New York
organized with trust several earlier, but
IL did not assume the of Trust Company" until
several years after the New York Life Insurance and
Trust Company began business. There similar
in Philadelphia and possibly two elsewhere,
but under the circumstances it would seem if the
New York Life Insurance and Trust Company which
began business 1890 under its present corporate
were entitled to rank as the Oldest Trust Company
The Company is prepared the complex needs OF
1921 with the painstaing which has charac
terzed its administration Of Personal Trusts throughout
its ninety years OF service.
The New York herald., 1921-04-21
JAPAN BUYS METALS HERE.
Large Copper Purchase Reported
With Inquiries for More.

japanese buyers are the most promi-
nent In the metals markets here, and, in
fact, the business with Japanese buyers
is virtually all the foreign orders that
most Of the big plants are receiving.
Agents from that country purchased.
according to the Iron Age. 1880 to 1900
net tons Of electrolytic copper during the
last week. and inquiries for 1900 tons
additional are pending. An 5000 ton
sheet contract for Japan has been di-
vided between Youngstown and Chicago
mills on the basis of the new sheet
schedule of prices. according to journals
of the trade.
The New York herald., 1921-04-21
RIoRDAN PULP OFF 73 POINTS.
Drops In Montreal stock From Io7
on Friday.

MoNTREAL. April 20--The drop iu
market quotations or the Riordan Pulp
and Paper Company from 107 to "a
since last Friday resulted in the calling
Of a special meeting of the oompany's
officials and leading shareholders for
tomorrow. II was reported to-day.
The company, capitalized at sS0.o0O,-
900. owns large timbes lands and paper
plants.
The New York herald., 1921-04-21
FINANCIAL NOTES.

Charles webb and Robert WILEY. bere,o.
Tore composing the firm Of Webb & az
April 10 Mr.. webb viii 81 assoc,si i"a ,',,,,, y,
Carruthers. Pell Co. - Broad street
The voting trustees of tho American we,or
Works and Electric Company have appoint.d
w. Hobart Porter successor trustee ~ Tds
mund q. Converse, deceased Henry n
Schiller and Andrew v. stout were i,sI resioc.ss -
directors nf the company. ana the connanvs.
officers have been reelected.
a. X. de Guiscard. assistant cashier =,
the American Exchange National panL
completed Yesterday hs firty-scvcnth wear
Beverly Borfr 3 60. ale Offering $3.50 GOO
M citN of Wilmington, Del, ~ per cent.
sinking fund gold bonds
A suecial meeting of the atookholdors ~
the southern Coal and Iron Corporation has
been called for May 2i az Roanoke Va ia
act on the proposed amendment to its char
ter to authorize mn Increase Of its On nj, nj
stock from 100000 shares 70 100000 share
w. c. Girvin. formerly with Hornblow.r
Weeks. Il with n. l.. Allen Co, 40
Wall street.
The National City Bank OF New YorI, NJ, !,
been appointed trustee Of n now 81 900 900
Issue Of first lien and rcfunding rnortsss se
twenty wear ~ por cent series A bonda of
the Southern Indiana Gas and Electric Com.
pany.
Application has hceu made to tho Ncut
York Stock Exchange tc Hat Southern PatI
way 100000 additional first Consolidated
mortgage per cent. bonds, due on july 4
1901. x
BOSTON. April o0.--wsltcr. $. clifford OF
New York, a vice-president OF the American
Telephone and Telegraph Company. was
elected to-day director Of the New England
Telephone and Telegrape Company 10 sue
cced q. ID. Milne. resigned.
The New York herald., 1921-04-21
REPUBLICS REPORT
SHOWS STEEL SLUMP
Surplus for First Quarter Is
Cut to SIO4,6II.

The slump In the steel trade since the
first Of the year is emphasized In the
first quarterly report OF the Republic
Iron and steel Corporation. The state
mcnt shows surplus after taxes and
charges OF s104,611, equivalent 10 42
cents on the s25, 900. 900 preferred,
against $1,77T.317 for the same period
last year, equivalent after preferred divi-
dends 70 Sac on tho common stock.
The report compares as follows:
The New York herald., 1921-04-21
FOREIGN MARKETS.

LONDON. April 20.--Bar silver. asa.
on ounce: gold bar 104s. Sd money.
IA per cent. Discount rates--Short
bills. 5Ts per cent. three month bills.
bh per cent. Gold premiums at Lis
bon, 1f0.
PARIS, April 20.-Prices were Arm on
the Bourse to-day. Three per cent.
rentes. 81 francs so confines exohanpe
on London. SO francs so centimes fye
per cent. loan, SO francs s5 confines !.
the dollar, l3 francs 70 centimes.
The New York herald., 1921-04-21
SHOWS BIG GAIN IN EARNINGS.

The United Railways and Electric
Company OF Baltimore for 1920 shows
surplus. after charges and taxes. OF
81. .04s. 500. equivalent, after preferred
dividends. to s254 a share earned on tho
$50. f61 200 OF it's common stock Of SO
par value. against a surplus Of s24G. .424.
or 80 cents a share, for 1919,
The New York herald., 1921-04-21
CUSTOM HOUSE RECEIPTS.

Receipts for duties at the Custom
House yesterday were si,i52.27s0I. OF
which s430.54is5 was for merchandise
withdrawn from bonded warehouses
and s7sl, l,731. % for recent iis.,ortations.
The New York herald., 1921-04-21
REFLECTS DIRECTORATE.

In the annual meeting of the stock
holders OF the General Motors Corpora
tion. held yesterday in Wilmington.
Del. It's directors were reelected for
the ensuing year.
The New York herald., 1921-04-21
srABoARp BANK ADDS CAPITAL

The Comptroller Of the Currency has
granted the Seaboard National Bank
authority 70 Increase its capita, from
n 600 600 20 100000.
The New York herald., 1921-04-21
PESNsYLvANIA OIL MARKET.

on CRY. April 2o.-CredIt balances.
Ss.zo runs. 2s,524 average, 5s,1S7.
Shipments. 39,3O2: average. s4.a2e.
The New York herald., 1921-04-21

.After deductinq charges for maintenance
and repairs OF $70f,o5s and providing for
taxes flncome.
The New York herald., 1921-04-21

a share. earned on the 500 $4,000 cap
ital stock In the preceding year.
Comparisons OF corporate income ac-
count are
The New York herald., 1921-04-21

to 121.49s tons, compared with 1sS,67s
tons at the close OF the previous quar-
ter.
The New York herald., 1921-04-21
NEW ISSUE


$13,734OOO
PUGET SOUND Power AND LIGHT COMPANY
General Refunding Mortgage A"
Datedh dhya1s2 s2 Due May
- % @ @ ~
pay % s. % s.sn ] % = s .s '~ 1 % gs %
whoa~1ea eaenndP dPnnykana hal h three -~ make ~ppEu for h
- important electric M. and power %n in j. the
power business in the Puget Sound District the State Of Washington
includes five hydrosseni plants with an installed
plants Of 4s45 h p and
psn through ubadars % does part I electric m railway %
in in
theCompany
will e y
Company except securities 81 r. % acquired @
General and Rsfundng Mots.s Bond. subject
lemon #
F@H~ ereedM Mha
Operating esandra
Net 1 onfans s oss i~fs%s s%3es%s 3%s@ "Sssm% sso%
mm
Balance
0Ooochd dsauueMu phsHesR. sSBah
The ms, s ss s % a ss9 sasa Z ns $1,000 ssss S s nss % $ % s
off
$sooN
EAruALn oxBoNDD
We eRecomm Bond
97h INTEREST, YIELDING 7A%
LEE HIGGINSON & CO. HARRIS, FORBES & co.
ESTABROOK & CO.
tn. advertisement
The New York herald., 1921-04-21
UNITED STATES TREASURY STATEMENT.

Special Despatch THE YoaRH HERALD.
bureau.
ID. O. AprII Io
The New York herald., 1921-04-21

a. y. de Guiscard, assistant cashlar a,
the American Exchange National panL
completed yesterday his firty-scvcnth wear
with that barlt 80"
The New York herald., 1921-04-21

Cliafles Webb and Robert Wiley. hereto
Tore composing the firm or Webb 4 a.
announce the dissolution or that firm a. of
April ~ Mr.. Webb wili he asaocietoa ,,yt,r
Carruthers. Pell Co. - Broad street.
The New York herald., 1921-04-21

Beverly BoEfr 60. ale offering $3.50 GOO
m city of Wilmington. Del, ~ per cent
ainins fund gold bonds
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-04-21
BACK TO EARTH.

We all had to speed up during the
war 1t didn't matter how much it cost
to get thing done, just so it was done
fast. Hence it frequently was consid-
cred all right to pour money down the
sewer, just so 1t produced speed.
We've got to get that idea out Of
our heads" says the general manager
of a big corporation. Mark you. I
don't mean that we can slow down.
We've all got to buckle in and work
harder than ever-to make business
good again and to pay off our enor-
nous national debt.
During the war. my office went on
a telegraph and long-distance- phone
basis. I'm having an awful time get
ting that idea out of their heads. When
they want pencil, their first thought
stilT-is to wire for 1t.
We've got to get rid of that idea
and go back to the old time way of
doing things on an economical basis,
back to a postage stamp instead of a
telegram schedule. Expenses have got
to be pared TO the core. The individual
ana business that economic are the
only. ones that can survive. The war
time spending drunk is over. This is
the ccid gray dawn of the morning
after
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-04-21
PRESS COMMENT
FIorida's Debt To Her
NawSpanerS-

The newspapers of Florida are not
ed for their optimism and helpfulness.
Only in rare cases do the papers of
this state take up a hammer-unless as
a contemporary remarks, it be to drive
a nail!
Florida owes much to its newspapers
for their unfailing hopefulness. Let an
event be never so gloomy, a calamity
never to serious, in a short time the
papers merge, slightly disfigured per-
haps. still in the ring, smiling and
gamely scrapping for progress.
A state naturally takes the color of
it's newspapers. Should some strange
nightmare get hold of the editors of
this state and in a night transform
them into Mr.. Hydes, the complexion
of the hopefulness of the state would
soon turn a dark green and then solid
black. The press can make or mar a
state-and it is to the credit of Flor
ida papers that they have done their
best to build this state.
If the populace knew how often an
editor stands between the public and
gloomy outlooks, how often by pulling
for the shore he has succeeded in
bringing the boat to land in spite Of
a thousand odds, there would be a
unanimous vote of thanks for the
work.
The perversity of humanity, how
ever, brings out queer quips. Editors
sometimes receive knocks when they
should be praised. An editor more often
is criticized for not permitting the
sudden outburst of wrath Of some Cit
izen to flow to the entire community
through his columns, and by so doing
hopelessly divide the people on an is
sue that ought to die before dark like
a slain snakes tail, than for any other
single act. Some folks feel that it
is their province to knock something
and that the paper should be their
medium. They desire to prove their
bravery or sincerity of their convic-
tions by rushing into print and saying
hard things; and when an editor curbs
their Unfortunate desire by refusing to
print the matter kettles of boiling
castigations are heaped over his luck
less head.
Alack and alas, and well-a- day. It's
all in the days work and the editor
comes back next day with a winning
determination to smile, to forget and
to continue to boost!
Anything hopeful and expressive of
progress receives a warm welcome
from a Florida editor. And because
this is true-as much as to any other
thing at all-FIorida is one of the
most progressive states in the Union.
Imagine what a generation of crabid.
selfish, unseeing the papers here
should be turned over to them for a
given period-and them appreciate
properly the unsung work of the Flor
ida editorsi
This is neither an appeal nor a re-
greet. Editors do neither, for they know
the folly of both. 1t is a calm state
ment of facts-and an earnest desire
for the continuance of the good work
so little noticed.-TarksonviIl Metrop-
1l;s
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-04-21
they know the value of them 2"

they know the value of them?"
DO you think I'd be fool enough to
try this thing tonight if l hadn't every
thing fixed?" Mrs. Allis demanded saw
agely. THE Cosgroves go on the the
DRY that no one has known about this
stuff, and that there's mighty little
danger of anyone learnig about it. They
are not sleeping in the house. Mrs.
Cosgrove asked me to be sure that the
front door was locked if 1 stayed up
after the rest of them went to bed in
their bungalow, so just as soon as you
get those things shipped out, I'm go
ing to lock the door and creep up to
bed, where I'll be the most surprised
and shocked party you can imagine in
the morning"
"Now, if I've answered all your ques-
tions satisfactorily" with a note of
deep sarcasm in her voice, suppose
we can the chatter and get TO work
Mrs Cosgrove always pulls the cur
tains down to the sill, so it will be
perfectly safe for the flashlights"
They went into the parIor and noise
lessly slipping out of my hiding place
1 followed as near as l dared. I knew
that DiclIy and Mr.. Cosgrove must by
this time have undone the hook in the
inside of the clothes press which they
had so carefully oiled in the afternoon.
"What a Brave Array"
The supreme moment for which I
had been waiting all week seemed to
be at hand. and my whole body was
thrilling with mingled excitement and
terror,
Then came a glow illuminating one
of the pictures that came from the
electric flashlights held steadily in the
hands of Mrs. Allis. By it's light saw
the man whom we had overheard talk
ing with Mrs. Allis in the woods reach
ing to the picture to take it down pre-
paratory to cutting the convas from
the frame.
Both the backs of Mrs. Allis and the
man were toward me. For an inter-
minable minute 1 wondered why Dickv
and Mrs. Cosgrove did not act-Then
the light from two flashlights swept
the room, and Dicky's voice called out.
authoritatively:
Hands up. you two"
! do not think Mrs Allis moved =
muscle at the command which to nv
mind was enough to shake the nerves
of any woman. From the lips of the
man beside her came a low snarl.
Without even turning around his hands
rose above his head with the preci-
sion of a machine
AS his hands rose in the ain, Mrs
Allis murmured something to him
which he did not catch, and then turn
ed majestically to confront the Ievelled
revolvers held by picky and Mr.. Cos
grove.
"So-o!" she drawled insolently to
Dicky, with a half-sm twisting her
lips, why don't you shoot off your
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-04-21
By STANLEY

little pop-gun? I have not raised my
hands"
"Ah, Papa Cosgrove. you here. too?
What a brave array!" She laughed
lightly, mocl1ingly.
Don't make any mistake about this
particular popgun, my fine lady" Mr..
Cosgrove answered. I'd hate to spoil
lady's beauty, but if you know what's
what you'H stand right where you are,
especially when we light the lamp.
Mother, he called raising his
voice, bring in the lamp, but bring it
around through the hall so you won't
have to pass this little wild cat we've
got cornered here"
Mrs. Cosgrove evidently had been
only waiting her husbands signal. for
in another moment she came swiftly
through the hall into the parlor bear
ing a large lighted lamp which she
set down on n table.
A Surprise In Return.
Even through the terrified excite
ment which was mine I could not re-
press an amused smile at the ludic-
rous picture which Dicky and Mr.. Cos
grove presented. each holding a flash
light in his left hand and 4 revolver
in his right.
think Dicky read my thoughts. for
he flushed as he look at me, then
quickly snapped off his light by a pres
sure Of his thumz, and slipped 1t into
the pocket of his coat.
The twins. who had been instructed
TO wait outside until they should see
a light in the parlor, so as to avoid
any premature alarming of the two
conspirators. came hurried Though the
door as their mother appeared, and
joined the little group in the parlor.
We'll, now that we're all here" Mrs.
Allis went on, mockingIy, and by the
sheer force of her audacity she domi-
mated the situation. 81 have a word
to say TO all Of you. But don't you
think. first if I promised for my com
panion that he will be a very good lit
tie boy you might let him lower his
arms and seat himself? It must be
very fatiguing in that position"
Dicky made her a low bow. "I think
we may accord you that privilege" he
said. half mockingly
THANK YOU" She flashed him a
smile as if she were the hostess at
some function. You hear, my friend?"
she said, "be seated" She pushed a
chair toward him and the man sank
into it. Then she advanced a step
toward US.
Let me clear up this unfortunate
situation with just a word or two"
she said, and there was a confident
note in her voice which surprised me
You. of course, all imagine that ]
am stealing these pictures. Let me dis.
abuse your minds. I am not. I an
simply taking what is my own. I hap
pen to be the widow of Robert sa
warm"
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-04-21
The Investigation Should Be
THOROUGH,

1t is to be hoped that the probe into
the Cats administration, under the
Wells resolution passed by the senate
at Tallahassee yesterday, will be I'M
dertaken theoretically. Ugly rumors
affecting the honesty and good intent
of the former governor should be veri-
fled or disproved. These rumors were
flying around fast during the last two
years of his administration, and did
incalculable injury to the good name
of the state. If they can be disproved
after a thorough investigation, the
damage can be partly repaired: If
they are proven to be based on facts,
an example can be made of one who
was not only foolish-which needs no
proof-but of one who seriously be-
trayed the trust of million people.
Whatever the means used in the in
quiry, the process must be complete.
The people of Florida, suspecting that
they have been betrayed, will be salts
fled with nothing less than a full ex-
oneration or the establishment of guilt
that leads to proper punishment
Tampa Times.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-04-21
ADVENTURES OF
THE TWINS
BY OLIVE ROBERTS BARTON
eRANNYs COMPLAINT.

Old Granny Hippo got crosser and
crosser. mo, I don't like the circus
anyway, so you need not coax me-
she said to the twins and Flippety
Flap. The calliope being out of tune
was bad enough, but 1 had all sorts
of grievances. To begin with, they
never taught me a trick. I've always
wanted to jump through a paper-hoop,
but no one ever took the trouble -
show me how to do it.
And walk about on my hind legs
balancing a pole on my nose, like the
brown bear, has been the height of my
ambition. But, no sir! They never
tried me at that either. I'm sure that
my legs are quite a good as his, and
as for nay nose, you may see for your
selves, I could balance a whole side
show on it,
But" said Nick, that's the reason
they didn't give you a stick. 1t was
too easy for you. 1t wouldn't have
been a trick
Then how about a tight-rope?" in
be as good at rope walking as that
high faluting French poodle?"
yes" declared Nancy, "only if you'd
fall there WOuId De SO muCu Ldole VI
you to get hurt"
well, that wasn't the reason!" said
Granny with spirit. And look at the
way they taught the elephant to carry
people around on his trunk!"
But you haven't any trunk:" Flip
pety-Flap told her.
Excuses! Always excuses" snorted
Granny, wading deeper into the muddy
rived and ducking her head Il tell
you I'm not going back"
The twins looked at the fairyman
and the fairyman looked at the twins,
then they all shook their heads.
ITS no use. She won't go" said
Nick.
Just then an idea popped into Flip
head.
Ito Be Continued.)
Copyright, 1921, N. {. A.