davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1921-12-19
ADgsssSHHS ssHSHs#e HHs#e BUSINESS AND FINANCE w5a
INVESTORS SERVICE
Winthrop Smith q Co. Operating
Joint Stock Pool"

Winthrop Smith Z Co. Operating
Joint Stock Pool"
X. C. RI should like to be ad.
vfsed concerning Winthrop, Smith
q Co., 1540 Broadway. and the firms
Joint stock pool" Is the firm q
member Of the New York stock ex-
change?
Answer.-It is q member Of no stock
exchange. A stock exchange house is
not permitted to operate discretionary
accounts. And that it's Just what Win
throp Smith & Co. advertise they are
willing to do ''for individuals who are
not able to sit I'm front of our tickers
and trade on 10 point margins them
selves
They blandly admit their "joint
stock pool" is nothing moro than
operating discretionary accounts. II
you want to trade In stocks. do your
own trading, through a New York
stock exchange firm or a consolidated
house. You are warned to leave dis
cretionary pools" alone.
Asked to Invest 81 900 for . Job.
D. McN.-In answer to an ad-
vertisement Of Instant Heat Com
pany, am offered a position of $50
q week, the work to consist of
opening an office for them in Eng
land and selling stock and bottles.
am told the, firm has been in
operation five years and the last
dividend paid was "a per cent.
must invest 81, 900 in the company's
stock. Do you advise me to do SO?
! expect to leave for England
shortly.
Answer.-Never pay for a Job. As an
investment per Sc Instant Heat stock
is certainly not recommended 1t Is q
promotion Of H. l.. Barber & Co.,
Chicago.
A number Of BARRIERS promotion
schemes came to naught. One of
them, a California oil venture. caused
an indictment to be brought against
him. which, of course, has no direct
bearing on Instant Heat, but Barber's
association with 1t doesn't add any
luster.
The Washington times., 1921-12-19

Yxa =
the worlds business out Of the slough
ana on firm ground again. And no
TWO plans agree.
The Golden Rule.
+, One book Is by a clergyman. He
argues that the golden rule would
bring Industrial peace and prosperity.
ne recommends profit-sharing, CO.
operation. co-partnership of en-
Ployers and employed and brotherly
The clergyman's book is answered,
IN way. by an economist who in 400
pages shows that in hundreds, even
thousands. Of cases these remedies
have been tried and have failed to
bring industrial peace. II they would
bring results, why haven't the results
come? Nobody Is trying to prevent
them. The weary Industrial world
would welcome the experiments II
they rave any general hope Of sue
cess. But many have tried them, and
not many have made them work. The
opportunity IL wide open. That'it has
not been used with better results
shows that there il no way out here.
In the survey a British manufac-
turer argues that the cure for work
ers' unrest. strikes. crippled industry
ana unemployment Is more democ-
racy and equality between employer
and employe, fair wages for labor,
fair interest for capital, and an even
division Of the remainder Of the profits
between the two. This sort of ar
rangement. with little workingmen's
insurance and q few kind words
thrown in. would end Industrial quar-
rels, commercial stagnation and bad
business.
II this remedy would really cure
the trouble of the times, half the in
dustrial world would be taking It to-
day-capitalists and workingmen. But
1t Is like cooperation and profit-shar
Ing as commonly understood. 1t
works well with some, but works only
to a limited extent in most mines
or factories where it has been tried In
part or as a whole. So there seems
to be no way to general peace here.
Labor's Suggestion.
A levy on capital is a remedy sug-
gested in q labor pamphlet. 1t would
punish the profiteers. please the work
ingmen and quiet the unrest Of the
unemployed workers and ambitious
politicians. But British labor leader,
w. A. Appleton, has this reply: You
cannot have your cake II you have
eaten II. and you cannot develop your
trade with capital that has been dis
sipated."
TINS il an answer not only to those
who would seize capital offhand to pay
government debts and expenses, but
salso to those who would prevent in
come from becoming capital by taxing
It so or so or 20 per cent. With the
loss of capital would come less enter
prise, less profit, less wages. less en-
ployment, less peace than ever be-
tween workers and employers. There's s
no way out here.
In the latest fortnightly review, j.
The Washington times., 1921-12-19
FIN
In
~ D. C. FORBEA

NEW YORK, Dec. 1.-THE year
end invariably brings mixed develop.
ments. Expect such developments
during the next month.
The favorable may outweight the
unfavorable. but irregularity is likely
to be experienced.
For example, the last few days
have brought such diverse news as
the financial embarrassment of the
very important Merchants Bank Of
Canada and its salvage by the Bank
of Montreal; and the capture of the
gigantic American Brass Company
by the equally gigantic Anaconda
Copper Company. The one develop
ment hurt sentiment; the other
helped 1t.
Again. the signing of far-reaching
international agreements at Wash
ington was Immediately followed by
an announcement from the German
government that II would not be able
to meet the January and February
reparation payments.
Cheerful news from retail mer-
chants appear simultaneously with
reports of slackening in steel orders
and one or two price reductions.
Mercantile failures have been abb
normally numerous at the same time
as the investment market was en-
joying q veritable boom in demand.
ward. but the automobile industry
gives out less cheerful news.
Rubber Is enjoying quite a sharp
rebound In price. but from the sugar
industry comes announCCmpt Of an
other decline.
Secretary of Commerce Hoover de.
clares that unemployment has de-
creased at least 100000 as a direct
result Of the Washington conference,
and almost simultaneously his de-
partment records a drop in the coun-
try's exports IN November to below
the previous monthly minimum for
the year.
For the first time in weeks the
Federal Reserve Board ch -onicles q
decline In bank reserves. yet Liber-
ty bond issues rise to new high
levels.
Several railroad dividends have in.
creased at the very time uneasiness
Is beginning to be felt over the rail-
way labor outlook, consequent upon
the roads new demand for further
reductions in wages.
Average prices for both stocks and
bonds advanced on the stock ex.
change appreciably last week, stimuli.
taneously with admissions that signs
OF cooling public interest were ap-
pearing.
Irregularity will probably be the
outstanding feature of events during
the balance of this month and i'm
mediately after the turn of the year.
There will doubtless be distinctly
encouraging developments, but It
would be illogical to expect an alb.
sence OF unsettling happenings DUR
ing the closing of the 1921 chapter.
The irregularity probably will en-
brace the security markets.
The Washington times., 1921-12-19
WEEKS COAL OUTPUT
r SMALLEST OF YEAR

Output of coal last week was the
vowest in the history Of the present
coal year since April. according to the
Black Diamond. Practically every
coal market In the country was inac-
tive, due to the Indifference Of con
sumers regarding future supplies and
20 practically no foreign markets.
Household consumers are buying on
q hand-to-mouth basis, with the result
that dealers yards are still stocked
with all grades of domestic coal, SAYS
the review.
The Washington times., 1921-12-19
Liverpool Cotton Market.

LIVERPOOL, Dec. 19.-Spot cotton
opened In good demand, but business
was moderate and prices steady. Sales,
1000 bales.
American middlings, fair, 13.49; good
middlings, lila; full middlings. 11.34;
middlings, 1898; low middlings, 9.7s;
good ordinary, s.24; ordinary, 7.49.
Futures opened steady.
The Washington times., 1921-12-19

Ellis Barker lays the blame for Eng.
lands and Americas Industrial con-
flicts and general hard times on the
labor leaders. He figures the recent
coal strike cost Great Britain nearly
$4,000, ,0O0, 900. That IL the cost of an
ordinary war. He calculates that the
Irritation strikes" and reduction OF
labor output are preparing the ruin OF
British industry and commerce unless
stopped and stopped soon. He says
the result of high English wages and
low English output is that English
Goods are 80, 40, and 80 per cent more
costly than similar good made on the
Continent of Europe. Therefore, they
do not sell and industry stagnates. He
even contends that in many lines the
United tates manufacturers are max
ing and selling goods for less than the
British. and there Is no peace, no con-
tentment, no end of Industrial conflict.
He thinks the British government
is making a bad situation worse by
reason Of its meddling in industry.
and, as q cure, he gives Mr.. Apple
toms prescriptions: Let the govern
ment get back into its own business:
"let capital and labor settle their
the State content itself with interfer-
ing only when life and health and ma.
terial are in danger.
There Is superabundance Of work
for all at reasonable prices" says
Mr.. Barker. Let workingmen cease
demanding boom wages from an inn
poverished world" then the employers
will be able to produce goods for
prices at which the people will buy,
and unemployment and hard times
will end.
Trouble World. Wide.
OF course, Mr.. Barker's cure Is no
cure at all. 1t simply comes to this:
There is no sure way to industrial
peace; let everybody go ahead as
best he can. and he will be at least
as well off in the future as in the
past.
From such a bedlam of complaint
and advice there Is not much Of u
business lesson to be drawn, except
this: That all the world has the
same troubles as ourselves; that no
cure has been found, though many
cures have been imagined; that hard
work all around IL necessary to re-
store prosperity and employment;
that general peace and contentment
are no tpossible in this generation
or the next; that rainbows are AZ
much out Of place In business and
industry as they ever were.
That is not satisfactory lesson.
but Is Is what the facts seem to
teach.
The Washington times., 1921-12-19
INJUNcTioNS BANNING
LABOR BOYcOTTS LEGAL

An Arizona law prohibiting In
functions against labor boycotts ex-
cept where actual violence occurred
was held invalid in part by the Su-
preme Court of the United States 10.
day. ~
The test case was brought by VIII
liam Truax. who conducted an eating
house In Bisbee. Arix... and who was
boycotted because he refused to &C.
cept a cook and waiter eighth
day demand. The injunction should
have been granted protecting Truax.
The Washington times., 1921-12-19
+HINMAlV
Industrial Harmony.
Various Suggestions.
None Workable.
Only Conclusion.
By GEORGE W. HINMAN.

CHICAGO, Dec 19-In one form another twenty-five
OF capital labor industry unemployment and
days. 'T
These discussions the world from China to Poland
and back again. Two books, half dozen articles in
current magazines several financial reviews and eight
nine pamphlets devoted to them.
The independent-reporter. [volume] (Skowhegan, Me.) 1909-1955, 1921-12-29
LAW COURT RENDERS
DECISION

A decision has been received at the
clerk of courts Office from the law
court In the case of Gerald G. Marble
in equity VS.. Edward f. Baker of Va
terville as follows: appeal dism ssed
Tor want of prosecution. Decree of
sitting justice affirmed. It is alleged
that on the 27th of December 1918
the plaintiff purchased of the defen-
dant his stock in trade. Office fixtures
machinery, tools, derrick, stock and
marble in show room. etc. in the mar
BILE works in Norridgewock That
the defendant by contract was not to
engage in the marble and granite bust
ness in said Somerset County or
Franklin County before May 1925 or
n an way influence trade away from
said Marble during the period of time
stated in contract. 1t was alleged
that the defendant violated the con
tract and trial was thus in order
with the above mentioned decision
A resCript in the case of Frank Leme-
lin. employee In equity vs. American
Wooden Company, employer ct al. has
reen received at the clerk of courts
office as follows appeal sustained
Decree of sitting justice reversed Pc
tton dismissed This is an appeal
from decree Of a sitting justice IN
der section "a of the Workmen's Com
pensation Act now found in chapter
239, p. l.. 1919, confirming the findings
of the chairman of the Industrial Ac
Cident Commission. On May n. 1918
Mr.. Lemelin, while in the employ of
the American Wooden Company at the
kennebec Mills in Fairfield, received
I personal injury by accident arising
out of and in the course of his en-
ployment. As result of the acct
dent. Mr.. Lemeln lost his right hand
at the wrist. On or about the 24th
day of August 1915 an agreement for
compensation was entered into be
tween Mr. Lemeln and the American
Employers Liability Assurance Cor
poration, Ltd. as insurance carrier.
under the provision of which Compen-
sation was to he paid at the rate of
1927 per week for period of one
and twenty-five weeks, beginning June
4. 1918. On January p. 1921. Mr.
Lemein filed a petition for award Of
compensation with the Industrial Ac-
cident Company. A hearing was held
on March II, all parties in interest
appearing.
The independent-reporter. [volume] (Skowhegan, Me.) 1909-1955, 1921-12-29
Prominent Citizen oi Pittsheld Pas.
ses Away

Charles + Seekins. fer many years
a resident OF Pittsdehld passed away
at his home On Hartland avenue al
ter d lingering illness of one and one
bali years. lie married at the age
OF y years. Miss Lila D. Seekins. the
daughter OF Theodore B Seekins
There MAS born to this union, nine
children. Chas. y oi Gardiner, Vim.
II. of Harmony; Percy b deceased as
an infant. Harry l.. who died several
years ago. Fred " Of Portland Elsie
K of Winston: Low q of Farming
ton. Robert /. of Cascade Virginia;
and Elwyn II o. Rockiand He al
50 leaves seven Grandchildren. His
second wife was Lottie Dodge Nutter
OF Unity. His shird wife who sur
wives him was Daisy u. Willis of
Pittsheld the daughter of Mr. Harvey
and Mrs Maria Willis.
A. a young man he worked in the
Bailey oil Cloth shops of Skowhegan,
leaving here. h. became postmaster.
at East Xassalhoao in connection with
general store He then went 10
Dexter. and went into business with
his father-in-ldW Mr T 3, Seekins.
seeing IN opportunity. for advance
ment. he went onto the road as travel
ing salesman conducting a very sue
cessful business for about twenty-five
years. throughout Central Maine for
the following Boston houses. Walker
Stetson SAWYER Co., Farley Harvey
CO and q II Fish q CO.
Retiring fro@ thc road business he
!
The independent-reporter. [volume] (Skowhegan, Me.) 1909-1955, 1921-12-29
Through the PeriscOpe

Tie Portland Press Herald of re.
cent date mentions very fayorably
Through the Periscope.s William z
Wing formerly Of Ecrtn Anson In the
following par graphs
WIZ u ing nr.ncipal of
- T.. ~ sol. Las q e
sef..o.# lie lis
streak OF luuor in MS make UP
and when he makes speech. |
am told that oven when he is OBJ
liged To MAKE some of those
speeches 10 Individuals that school
principals frequently have TO
make. H. does it in such a way
that While ms words leave no
sting behind. yet he gets under
The independent-reporter. [volume] (Skowhegan, Me.) 1909-1955, 1921-12-29
Death of Mrs. Frances Hall

Funeral services for the late Mrs.
Frances +. Hall wife of Herbert Hall
OF tornvile were conducted Wednes-
gay afternoon at two O'Clock with
Kev George Merriam of the Bethany
BAPTIST church officiating, Mrs. Hall
mad been Ill with Bright's disease and
contracted pneumonia which hasten
Ell her death. She was born in Mad
@on about sixty-three years ago. the
laughter of William and Elmira Elan
ders, natives OF Cornville. The de-
ceased is survived by her husband al
ready mentioned. a daughter, Mrs.
Mabel X. Varney OF New Market. n. H..
a son, Riley j. Hall who lives at
nome. brother, Wallace Flanders OF
oakland and two sisters. Mrs Abbie
milton of Winter street, Skowhegan
and Mrs Belle Butterfeld of Nor
ridgewock.
The independent-reporter. [volume] (Skowhegan, Me.) 1909-1955, 1921-12-29
npath of Former Somerset County
Woman

After several days of illness, Lydia
In. Jacobs passed away December II
at the home of John Butterfeld. Miss
Jacobs was born in Foxeroft. Her
psrents moved to North New Portland
when she was twelve years old. When
about 20 years of age she went with
|her parents to Massachusetts living
lin Westboro, where as child her
pleasing personality won her large
circle of friends. After her mothers
death she came to live with her bro
ther W. +. Jacobs at kingfeld. Since
Il her hrothers death she has been car
cd for by Mrs. o. G. Dolbier and Mrs
John Quint and for the past six years
she has made her home with Mrs
John Butterfield Miss Jacobs was
IS years old November 20 and had al
ways been In delicate health, having
been stricken with epilepsy about
thirty years ago. She is survived
by one sister, Mrs. A. j. Richardson
Of East Orange, n. j., nephew. A. A..
Jacobs of Phillips. and a cousin. Mrs.
A. II. Lang of Skowhegan Miss
Jacobs was educated at North New
Portland and was for a time school
teacher. When In Westboro she
worked in the straw hat shop. The
funeral services were held Monday
morning December 10. at Mr.. Butter
deIl's home. Her nephew. A. A.
Jacobs was present interment was
It North Arson in her brothers, w.
). Jacob, lot.
The independent-reporter. [volume] (Skowhegan, Me.) 1909-1955, 1921-12-29
Real Estate Transfers

The following were among the deeds
recorded at the Somerset Registry of
DEEDS Office during the past week.
IIartland BERTHE w. Hanson to
Harold Nuttlng, land with buildings
IN the south side of Billings street ;
Perley NJ. Hanson to Harold Nutting,
land with buildings; Scott A. Barnes
Of Manchester to Perley M. Hanson,
Harmony Mainstream Lumber Co.
land on Billings street
o Mainstream improvement Company,
and; Everett S. Dore to Reed and
Company land with buildings: Elmer
Trafton to |. A. Chadbourne, hnd
Fairfield Helen A. Woodman to
lanes II. Badger. land and formerly
owned by Ann NJ, Pulslfer Herbert
NJ, Murray to James II. Badger. land
on the road from Fairfield Center to
Skowhegan.
Skowbegan Nathaniel Horne to
lara Horne, land with buildings lead
ing from Larone to Ansel Allen farm
20 called; Ledger Cloutier to Alfred
eloutier, land on the westerly side of
Pennell street.
Pittsheld Lillian Mae. Morrison of
Waterville to George A. Appleby. land
with buildings.
Arson Napoleon Champagne TO
Alva Cofo, land with buildings on the
westerly side of the river road: Wal
'er G. Ratten to Perley r. Paine, land
with buildings; G.. w. Smell to Will
lam Coro, land with buildings on VIII
son street; william Coro to G.. w.
Smell, land with buildings in Highland
Park, so called
Norridgewock-- Hugh w. Hight to
Thomas Butler, land: Harry l.. Harris
to Samuel Il. Gilman. land with
buildings; Alvin I, Hilton to Elvira
M Mckinney. land.
Madison -llrbane S. Sleeves to Eu-
gene II. Smith, land tTrbane S
Sleeves tn Eugene r. Smith. land with
buildings in Sunnyside Park. social
ed Cbas Il. Towne to Blaine Dick
inson. l'nd containing about eight and
ore half acres
Starks-Frrest l.. Bagley to Frank
H. REYNOLDS, land. ~
Palmyra Arthur S. Grant to Har-
mon Grover land with buildings.
Athe"s-Mary A. LEIGHTON to Jose
phine Watson. land with buildings.
The independent-reporter. [volume] (Skowhegan, Me.) 1909-1955, 1921-12-29
Result OF Friday Evenings WreSt-
ling Match

The wrestling bout held last Fri
day evening In Foresters Hall over
! NE Express office un Water street
as one of the best held in the ser
les of wrestling bouts In Skowhegan.
tho the attendance was not as large
as anticipated. The bout was be-
tween Peter Sturg.s Of Skowhegan
and John Carlson OF Boston. IL was
fast one and Carlson was a very
tough opponent. In working thirty
eight minutes Sturgis threw Carlson
with neck lock and face hold. Stur-
gis won the second fall in twelve
minutes with toe hold The semi
final between Russell Bosworth and
Major Lessor of Skowhegan was very
interesting. Both boys shovel their
marked ability in wrestling. Bos-
worth beat Lessor In thirty-two min
utes with full nelson. There were
two other very good preliminaries be-
tween Lapoint and Peter Roderick,
both Skowhegan men. Roderick win
ming in six minutes. Another en-
thusiastc bout was between Alton
Chubbuck and Russell of this town,
Chubbuck winning In nine minutes
Promoter Fred Roullard was some
what disappointed in the turn out as
he had worked very hard in this
match to make 1t a success, especially
Tor the benefit of the Simon Peters
Post, American Legion, The Legion
boys sold only thirty-fiye tickets
which showed that not much interest
was manifested by the Skowhegan
people.
The independent-reporter. [volume] (Skowhegan, Me.) 1909-1955, 1921-12-29
HAPPY NEW YEAR

9Th the passing of the Christmas
y comes the dying of the year and
" NTH of new year on Sunday
~, The custom of paying calls
a The making of new resolutions
pu mnortant ones In the observance
mis- old-time holiday. In eoun-
communities the latter custom is
hans more in vogue and we Won
|, how the resolutions for the COM
year will coincide with those of
mast year The months of 1921
20 brought sunshine and sorrow
:, they have brought great things
\ the Town. State and Nation. We
LsouM each strive to attain still
[,s.ter things in the year to come and
/. making resolutions for these better
ksnrs strive to- the utmost to bring
fssm about. With the wheels of in
|sstry whrling, Skowhegan as a
|s,nufacturing town, has much to be
t,pkful for, with it's wonderful pow
|, development, its peace from riots
Nd strikes and its general good will.
Es us hope for the coming year the
Lame prosperity may attend us. A
|,hd and Happy New Year.
The independent-reporter. [volume] (Skowhegan, Me.) 1909-1955, 1921-12-29

and fled from admiralty control, are
subject to capital punishment"
Your thinking came late. You
should have thought before you mu.
tinted WAS the sharp reply.
AS common sailor l acted on my
conscience. and what we asked for the
admiralty has granted Only by mutlny
did the admiralty yield to our de.
mands. What did I would do again
We took our risks In the Thames
against the guns that We're leveled ut
us; we've taken our risks down here
against the French to help save your
squadron, and we've done it. The men
have done 1t, because they've been
loyal to the flag, and from first to last
set to make the admiralty and the peo-
pie know they have rights which. must
he cherished. If all your men were as
faithful to the crown as are the men
on the Ariadne, then they deserve we'll
of the king. But will you put for me
on paper the written word that every
man now aboard the Ariadne shall be
held guilless In the eyes of the ad.
miraI of this fleet; that the present of.
fcerS shnll remain officers, that the re-
forms | have made shall become per
mancnt? For myself, | Cnre not but
for the men who have fought under
me. | want their amnesty. And | want
Michael Clones to be kept with me
and GreenOCk. the master, and Ferens
the purser. to be kept where they are
Admiral. think You know my de.
mands are just. Over there on the
Ariadne are a hundred and fifty
wounded at least, and fifty have beer
killed. Let the living not suffer"
There was something so set in
Dycks voice that the admiral had Il
sudden rcvuls.or against him, yet. af
ter moment of thought, he nude Il
sign To Captain Ivy.
Then he dictated the terms which
Dyck had asked, except those concern
ing the reforms he had made, which
was not in his power to do, save fol-
the present.
When the document had been signed
by the admiral, Dyck read the con
tents aloud. 1t embodied nearly all
he had asked.
Now. ! ask permission for one more
thing only, Slrrzfer the new .captnln ol
the Ariadne.to go with me to her. ant
there | will read this paper to the
crew. | will give a copy of 1t to the
new captain, whoever he may be-"
The admiral stood for moment In
thought Then he said:
Ivy, | transfer you TO The Ariudne
It's better that some one WHO under
stands, as you do, should be IN con
troll after Calhoun has gone. Within
TWO days, Mr. Calhoun, You shall be
landed at JnmaciH, there to await tie
admiralty decree. | will say this
That as the sure victory Of our leel
has come through you. YOU shall moi
suffer In my report. Fighting Is moi
an easy trade, and To fight according
to the rules is n very bard trade"
ITO be continued)