davidaulloa/AmericanStories huggingface dataset:
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1921-04-20
Origin of a Famous
Utterance.

For a generation the phrase "the
public be damned uttered by tne
late William H. Vanderbilt, has beer
taken to illustrate the attitude OF ar.
rogant capitalism, contemptuous OF
the rights Of the people, toward the
nublic interest. It has had as mucf
influence in shaping politics, public
life and legislation as the word OF the
lady of the Old Regime in France
who, when told. that the people were
CRYING for bread, lightly asked why
the people did not eat cake.
And now, at this late date, Melville
E. Stone in his diverting "reminiscences
in Golfers tells the story of thai
phrase, and shows that it never was
uttered in the sense in which it has
always been taken!
And this is the story of it as Mr.
Stone relates it:
In 1882, when Mr.. Stone was con.
nected with the Chicago News, there
was reporter in Chicago named
Clarence Dresser who was the example
of type, now happily passing out OF
fashion, that brings discredit on the
newspaper profession. He was, says
Mr.. Stone, of the "offensively aggres-
sive type, always importunate and
usually impudent," whose methods
made his paper too much trouble for
him to be kept on the staff, and who
therefore was a "free lance" selling
his stories as he could at space rates.
Hearing that Vanderbilt with some
friends was in his private car in the
yards, Dresser FASTENED to get
an interview with him. He showed
past the porters and found Vanderbilt
at dinner. This conversation followed:
Don't you see, sir, that l am en-
gaged?"
II want an interview"
"Well, sit down at the other end of
the car until I have finished dinner,
and / will talk with you"
"But it is late, and I will not reach
the office in time. The public"
Vanderbilt, now angry, interrupted
the intruder: "The public be damned!
You get out of here"
Dresser, gleeful over the possibili-
les he saw in that hot and hasty re-
mark, tried to sell story on it to the
Daily News, but as he had explained
low it happened to be made, the News
refused it. Dresser than took it to
he Tribune, and having learned by his
with the News, this time he
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1921-04-20
New Buses Make
Fine Appearance
LINE BETWEEN MANKATO AND
TRACY TO START
MONDAY.

One of the beautiful new buses OF
the Midland Bus Line appeared or
the streets of the city Wednesday and
many were the favorable comments
heard from the people of the city ano
travelling public. As yet the schedule
Of, the new bus line has not been com
pleted, but it is expected that by the
first of the week when the BUSES will
start making regular trips. the sche-
dule will be announced, although few
minor changes may be made later.
One of the buses will operate be-
tween Sleepy Eye and Mankato, max
ing stops at New Ulm, CORTLAND
Nicollet and Mankato. The other bus
will make regular trips between
Sleepy Eye and Tracy, stopping at
Golden, Springfield, Lamberton, Wal
nut Grove, Revere and Tracy. The
trips will be made each way every
day and the schedule will be arranged
to, meet the demands of the public.
The promoters Of this new COM
pany, Messrs. John Ebenhoh and
Frank Bertrand, in having these buss-
es built have catered to the comfort
Of the people and the vehicles are ar
ranged with every known comfort.
The buses will accommodate eighteen
people without crowding and the seats
are arranged to face to the front, af
fording easy riding. The interior and
exterior finish are all that could be
desired. The buses are bright vel
low and can be distinguished long
distance which will be convenience
to farmers along the route who may
wiSh fO m ko 11co IF them
Messrs. Ebenhoh and Bertrand have
another buss under course of con-
struction which will be used in the
business as soon as completed. These
gentlemen deserve commentator for
their enterprise and the starting of
this line will be real service to the
people of this section. Next week we
will publish more detailed account of
the line, together with the schedule
Sleepy Eye Dispatch.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1921-04-20

steeled the people for the final re-
sistence. The Germans miscalculat-
ed.
But how the French and all of us
miscalculated those big guns. Engin-
GERS, it may be recalled, had it figured
out just what sort Of super-guns the
Germans had made. They knew the
size of them and the weight of them,
to offer the necessary resistance. We
were even shown drawings of the
foundations necessary for such mon
ster cannon.-Cedar Rapids Republi-
can.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1921-04-20
But He Kept His Head

Answers, London: Jepson-He's an
exceptional young man.
Thompson-How's that?
"He gave his heart and his hand
to girl, but he managed to keep his
head"
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1921-04-20
Cheerful People.
r. M. Child.

L. M. Child.
You find yourself refreshed by the
presence of cheerful people; why not
make earnest effort to confer that
pleasure on others?
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-02
Reaction in Wheat
After Early Rise
On Crop Reports
Weather Factor in Buying at
Start, but Aversion to Car
rying Risks Over Holt
day Causes Late Setback

CHICAGO, July Aversion to car
rying ownership risks over triple hol-
iday in weather market pulled down
wheat prices to-day after an early
bulge. The close WAS heavy at INC to
exc net lower, with July, 1925 to
s1.22&, and September. S1.21M to S1.22.
Corn gained &c to 1asc and oats, 1sc to
1Ac. In provisions the outcome was UNI
changed to Zoe lower.
Az first the wheat market responded
readily to continued dry, hot weather
and to predictions that unless general
rains came soon Northwestern crops
would be greatly reduced. Upturns in
price, however, increased the disposition
OF many holders to even up before the ad-
dournment of the board until Tuesday,
especially as the weather map indicated
possibility of cooler and unsettled weather.
bullish than had been expected and the
seaboard reported England trying to resell
because of larger Australian offerings. In
addition, Belgium was reported as pur-
chasing In Argentina, and 1t was said do
mestic acceptances of bids to the country
were on a liberal scale. Under such cir
cumstances the market lacked support dur
ing the last half of the day and finished
near the bottom level reached
fields and of hot winds in South Dakota
had a bullish influence on the corn mar
ket. Smallness of receipts strengthened
oats.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-02
Government Ready.
To Compromise ON
Rail Claims, View
Executives Discuss Serious
Problem; Indication Pro-
posal for Settlement Has
Been Advanced by u. S.

The question of settlement of sums
owed by the government to the rail
roads was discussed at meeting of
the Association Of Railway Execu-
tves held at the New Haven Board
Room, Grand Central Station, yester-
day afternoon.
The steering committee of the rail-
way executives has had this subject
up with President Harding and mem
bers of his Cabinet. During the
period Of government operation of
the railroads the government spent
between 100000, 600 and $700,o00,0o0
for additions and betterments. The
railroads therefore now owe the gov
eminent for this amount and the
government has been holding back
between S4o0,000,000 and 500,0O0,00O
of rentals, etc, which it owes the rail
roads. 1t has been proposed that the
government fund for ten years at 6
per cent the amount which was spent
for additions and betterments, and on
the other hand pay in cash the com
pensation due the railroads. There is,
however. further complication il
that the railroads have considerable
claims for deferred maintenance, etc,
against the government.
1t was intimated that the govern
ment might be willing to help the
roads out of their present serious
difficulties as to working capital by
paying what they owe in cash and let
ting what the roads owe go for ten
years, if the roads would not press
the claims against the government
for deferred maintenance; These
different roads, and whereas it might
mean little to one road not to press
Its claims it would be considerable
sacrifice to another to abandon its
claims. Presumably at yesterday
afternoons session this matter was
not fully thrashed out and the an
nouncement was made that san effort
will be made to give this matter Ca
now pending between the railroads
and the government) definite direc-
ton at an early date"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-02
The Tribune prints xneh DIM Tho "

me Tribune prints snch day tho mo-
t"71ty dates of oil active bonds quoted
on the Neto York Stock Eschanqe. The
return on bond TO the investor depends
upon three factors: the rats Of interest
the security bears, tho market price
and the distance Of the maturity date.
TO figure the precise yield on bond IL
rs necessary to use yield tables, but the
approximate yield can roughly be figured
out 6y the follosofng formula: Divide
the closing quotation on bond into
the rate of interest 1t pays. and the re-
SUIT toill be the annual return. If the
bond Is selling below par yoa must
alloto also for the appreciation Of the
principal. To do this subtract the mar
ket quotation from par, or 100, and d.
vide the remainder on the number OF
years the bond hos to run before ma
turity. For example, ii G per cen:
bond is selling a. 90 and has ten years
to run. the annual return will be 600
per cent. The difference betWeen per
end the market price soill be 10 points
embracing 90 from 100. Dividing ten
points BY ten gears, the quotient tiU be
/. This figure is to be added to 600,
schich is the annual return, and tho re-
suit is 7.6s per cent. soiH give you the
approximate rieid.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-02
Bond Issue Approved

WASHINGTON, July 1.-The Inter
state Commerce Commission granted to-
day the application Of the Minneapolis,
st. Paul and Sault Ste Marie Railway
Company to issue S2,671 900 five per
cent mortgage bonds to be used in part
payment for acquisition of the Wis
consin and Northern Railroad. The
acquisition. the commission said, would
give the applicant connecting link
between it's Wisconsin, Michigan and
Chicago divisions over which it
can transport tonnage originating in
the northern peninsula of Michigan
destined to Milwaukee and Chicago,
shortening the applicants present
route approximately 113 miles.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-02
The Market

The bond market continued yester-
cay to exhibit q tone Of increasing
strength, although the approaching
holidays naturally tended to curtail &C
tivity somewhat. The same steady de-
mand for prime railway issues which
has been causing Improvement in this
department was in evidence, and many
market observers thought the whole
bond market looked as if substantial
higher prices were close at hand. The
hope is being expressed that improve
ment in the bond market will not re-
suit in a rush of new offerings which
will tend to produce another case of
Indigestion such as the market has re-
Gently been suffering.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-02
Business Troubles
Petitions In Bankruptcy

The following petitions in bankruptcy
were filed yesterday in the United States
LoUis WoLF-1nvoluntary; retail mems
clothing S77 Second Avenue.
RUDoLPa a 1v kANA AZ So, Voiqn ,tsii,
manager o ego West 1914 street aO'
LEWIS NJ. NoRWOoD-voluntaryi real
estate broker, At West Forty-second Street.
h eoTH1m '' aEsr no fssits AND
ERY, INC.--Tnvoluntary; restaurant, 24S
West Forty second Street. Liabilities
' q. BAN s9STIV CO., rNc.-voluntary
dyeing furs and skins. 432 East Seventy
first Street. Liabilities $7.i4l, assets.
HEBHRT poTAR SILK MILLS. INC
Involuntary; silk, 1859 Broadway. Ltabili-
ties. $780, 900; assets $1,000.
Schedules in Bankruptcy
The following schedules in bankruptcy
were filed yesterday in the United States
D' HhLLMA MARX PICTURES CORPORA
TION-Liabilitles, $1,oaS.S13; assets. $lls.-
osRo co.-Consectionery. soos Second
Avenue Liabilities, $9,OTs assets, $500.
sKERKER & hILGROM-HosIery and
underwear, % Orchard Street. Liabilities,
HERBERT /. EIsENBBRG 8 Cola
bilities. ss9.s17; assets s3o,623.
Receivers in Banlkruptcy@
The following receivers IN bankruptcy
were appointed yesterday In the United
States District Court
MARY @. POTTER, receiver for HONG
& Springer. 1obbers womens coats and
suita 20 West Twenty seventh Street, with
d bond of $1,000.
JOHN L. LYTTLE receiver for Louis
Wolf mems clothing. ST. Second Avenue
with a bond OF $1,000.
JULIAN HARTRIDGE, receiver for e
Banchwitz Co, Inc, dyeing furs and skins,
Az East Seventy Arst Street. with bond
of $500.
Assignments
HENRY GUTTMANN. manufa cturing
suspenders, 455 Broome Street, assigned
for the benefit OF creditors to Leon l.
Wachtel and Edward Frankenstein.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-02
Jeweiry Sales Unchanged

Retailers of jewelry in the Maiden
Lane district reported sales In June
about unchanged from the preceding
month and considerably below the sales
in June year ago. Several expressed
keen disappointment at the showing
for June. IL was their opinion that
sales during June would exceed the
figure for May. However, the majos
number believed that the volume OF
sales is running about even with tina
volume in normal times. Medium rieaa
jewelry again held sway.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-02
lnUest7ne,,s
Information,

Questions Of general interest to IN
ceators 1cill BIZ anstgered in this col
nntn, in 0hich case only initials Dils
De used. Others qoiil be answered BY
mail. Address all inquiries, inclos-
ing a stamped, addressed envelope, to
Ftnanciat Editor, The Tribune, 15A
Nassau Street. Ne,p York City.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-02
Seeks Note Maturing in q Year

- Question: have $4,000 bonds of the
Duquesne Light OF Pennsylvania, pur
chased at par. These bonds are now SELL
ing at IS. In view OF the fact that 1 will
De IN need OF the principal year from
now would like to get some advice about
eeli,ns these bonds and investing In some
snort term notes which mature within q
year and which sell enough below par to
maze max. up for my loss in selling Duquesne
Light 6s,-H. J. C.
Answer-Your suggestion Of selling
now and investing in short term bond
or note Is, in our opinion, q good one.
We would suggest the Copper Export
Association IS, which can be bought in
series maturing in 1922, recently
quoted at 100 bid and 1907 asked
These notes are secured by the deposit
of copper awaiting export and are good
short term investments, in our opinion.
You could get a higher yield, but not
q quite the same degree of security, in
Public Service of New Jersey Z per
cent convertible notes, due 1922, re-
Gently selling between 90 and "a.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-02
Plans Changes In Investments

, Question: have one New York Central
per cent bond bought at par; one Ana
1885; one Erie prior lien bought at "a: one
st. Louis & San Francisco 6, Series c, 1928,
oought at Sc; one louisville & Nashville
OF Great Northern, bought at IS; ten
bought at 1902, now down to about So. Now.
what l want to know IS, would It be ad-
visable to sell both Pressed Steel and Great
Northern and take my loss or is 1T your
opinion these two stocks will maintain
their dividends? Some people I have in
CURED Of say sell at once; others say hang
your opinion on selling New York Central
and buying a. New York s. which is not
longer term in place of the Frisco, which
is due in 1928. Also kindly give me YOUR
opinion on the Middle West Utility as |
do not quite like it since buying. / think
much prefer listed bond That I can
dispose of at any time. I have twenty
shares of American Telephone and Te!e-
buying my allowance of four shares more
II sell the Great Northern. what do YOU
Ihlnk OF buying ten shares of Delaware &
Hudson, which at present pays per cent !?
&C, B. A.
Answer-H you want to place your
self In sound investment position we
would advise the sale of both the Great
Northern stock and Pressed Steel Car
common. The switch from the New
York Central Is due 1890 into New
York Central debenture 6s, due 1885,
not 1886, is a good one. You get
yield If held to maturity of TOO on the
IS and 7.27 on the IS. If you sell your
st. Louis & San Francisco series c. 6
per cent bond, due 1928, as we advise.
we suggest the purchase of Montana
Power first and refunding 5s, due 1913,
which recently were selling at between
80 and SO, or near the price which you
could sell your 6s at. 1t gives you a
lower interest rate, but greater de-
gree of security, and the Montana
Power are listed on the New York
Stock Exchange and are readily mar
ketable. Middle West Utilities IS, due
1910, are secured by pledge of mort
gage bonds of subsidiaries, and the
bonds deposited must be of companies
earning at least one and a half times
their interest charges. This appears
reasonably safe provision. If you sell
it, however, we suggest Kingdom of
Denmark IS, due 1916, which are read
lily marketable with a yield of per
cent, We think the suggested shift
from Great Northern to Delaware &
Hudson is a good one, although any
railroad common stock under present
circumstances is somewhat speculative.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-02
Days Ne,o Issues

The city of Newark is selling on
July ID an issue of S., $4,000 OF serial
51a per cent bonds. The city OF
Camden. N. J. is selling $l2S5,0 900
~ per cent serials on the same date.
Advices received here yesterday
were to the effect that all bids<on the
issue Of S1,000.000 State of Oregon
bonds we're rejected. A re-offering Of
the bonds is expected.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-02
Gray Cotton Goods Quiet

The pre-holiday dizziness again per-
yaded the market for gray goods yes
terday. The only semblance Of aetiv-
ity was centered mainly on few
standard constructions. Quotations on
offerings OF standard $500, S8la inch
print cloths remained unchanged at
eas cents. 1t is said that nearly all
of the cotton goods houses have grant
ed their employees tsFee-day holiday.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-02
Judgments Filed
In New York County

The following Judgments were fled v
terday. he FIRST being that OF the debt
Allen, Marsh-Park & Tilford s990
Abarbsnel Lina-E M McTnnas. t3l
Apex Steel Corp.-ParadIse Steel
Corp, ........., ....A..--. 2.Sb5
American Motor Freight Corp
N. Davis .,s...'.....- go. 1870
American Motor Freight Corp
j. r Daily .......s.....,..... 22s
Bitz!ck, Meyer-C. r. Champion s7s
Beis. Harry--Claremont Securities
Corp. 24a
Cartier, Alfred Ca. J. Grey6 s45
ClauseR. Clara Park & Tilford lis
Coute ucas, NtchoIas-~C. Kane. 7S6
Cohen. Henry Forrest Paper Co. 15a
Conner, Charles-M. ID. Conner.
costs ....4....,....s..... s7s
Christ, Gsorge--C Masinl - i3s
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-02
Central Vermont Bonds Not Guaranteed

Question-lf have been correctly tn
formed. Central Vermont Railroad Com
pahy nrst refundtng per cent bonds are
suai ahleed as TO principal and interest BY
me Grand Trunk Railway. and this guar
ehty comes as a fixed charge before divi
dend payments on the Grand Trunk stocl,
when dlvidends are in turn guaranteed by
the canadian government. Is the aboye
True If 1t is, would this guaranty in
itset make these bonds high grade? WHY
Is IL, then that tho bonds sell at so low a
ngure as to yield over 10 per cent
Il. II. 8.
Answer-The Central Vermont ten
year refunding per cent bonds, due
1880, are guaranteed principal and in
terest by Endorsement by the Grand
Trunk Railway of Canada. The
Canadian Parliament has voted 20
take over the Grand Trunk ard nego-
tiations have been going on between
the government and the representa-
tlves of the stockholders, and opecial
dispatches from London recently say
that arrangements have been made for
the sale of the stock. The fact that
the Canadian government, however,
Will be the only stockhoNler, does not
extend to the Central Vermont bonds
q. government guaranty. You will see
that this is different from being a
guaranty Of dividend payments on
Grand Trunk stock. These facts in
part explain the price at which the
bond is selling.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-02

WALTER f. BEDELL
EDWARD c. BLUM
GEORGE '. BROWER
ARTHUR w. CLEMENT
ROBERT a. DRGSDALE
JUIIAN ID. FAIRCHILD
JULIAN 7. FAIRCAILD
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-02

TRUSTEES
FREDERICK G. FISCHER
JOSEPH HUBER
JOHN ". JEWELL
WHITMAN w. KENYON
HENRY a. MEYER
CHARLES a. O'DONOHUE
CHARLES Il. PERKINS
DICK S. RAMSAY
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-02
Youth Favors Discount Bonds

Question-Will you inform me as to
whether you consider the per cent gem
eral mortgage bonds OF 1875 Issued by the
Missouri Pacific Railroad good invest
rlent at the present price around 81?
Also would you advise the purchase Of
older issues of bonds bearing low coupon
rate at a discount or tho newer Issues
around par but bearing higher rates?
am young man endeavoring to build up
tho nucleus of an independent income
around few long term safe bonds
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-02

Answer-Your idea Of buying q long
term, low coupon rate bond is in our
opinion particularly good savings
plan for young man laying the foun-
dations of life investment fund. Take
the example which you suggest, the
Missouri Pacific general mortgage As,
due 1875, recently selling at 90. There
is an element of speculation il this
which is classed among the weak rail-
roads. If you wanted to stick to the
logical working out of your system it
would be better to take higher grade
bond. The discount is not so wide on
bond such as the Virginan Railway
first 5s, due 1862, which recently We're
selling at 80, but it is higher grade
than the Missouri Pacific.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-02
tSaIesl

Chinese Ry ssl 27 7suf oau
CITY OF Lyons ser b 1916
- "a Ss 1894 80. 99M
City OF Ber-l CITY Of Maral Dnn, ccan ~ "a
gen So temp So 1eao nntas no. . "a .
''s9 % - -. 9eM
49, ~ Gity OF Paris % Q9&
Gil, =. sS1s 6s 1921 1929
~ o. Berne so -. as& s 81
Si' ~ lIity Of Toxic -. 5o&
$3.50 SIS 5s 1852 IS 1929
- siF -. SIX 10 -. soA
go. BIN |City of Zurich - 81
rt, % SIS l945 1881
a. ,a oL BoFd 80. 9s 3 -. S6X
AssV -. 9sM Dominican II
ca, II ! 500 9sM IS 1868
Re- ,e OF chris 80. 9sA rs -. Te
t'sS 49,. 9s French Rep SIS
Sity Of copen- ISL "a asn
aaEeT as Danish G M 81 IL AT
gold SIS ser -. aSa4
X -, y A 1895 500. seJs
"! IeHI 08m -. 9SN
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-02
Selects Good issues for His $4,000

Question - BE good enough to criticize
the incIosed list for 5000 investment.
to yield per cent income: Que Bethle-
hem Steel marine equipment, 1919. per
cent at 1885, two Brooklyn Edison Z per
cent. l940 at 81; two Great Northern
per cent, 1896, at 961s; one lnterna ttonal
Mercantile Marine 6 per cent. 194i, at So
one Southern Pacific Central Pacific col
lateral per cent. at IS: one United States
Rubber per cent, 1947 at 49, Would
you suggest one Chile government per
cent bond rs. H.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-02

Answer-The six bonds you mention
will make good investment for your
$1,000 You probably noticed how the
Chile bonds acted on the Stock Ex-
change recently, when they lost about
SIX points upon the dissolution OF the
syndicate That may not have been
the fault of the bond itself, but it does
show that the issue is not high grade.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1921-07-02
Grain Prices
Wheat

Yesterdays Previous Year
New York: close close ago.
No. & hard. $40 $1.62h
Chicago-The range OF prices:
Thurs.
Open. High. Low. Close. close.
july. 1.24h 1.25h 1.22 1.22a l.24A
Sept..-- 1881 1888 1.21A 1.21N 1923 il
Dec... 1.23 1.26Ia i.22A 1.22A