davidaulloa/AmericanStories huggingface dataset:
Evening star., 1921-03-01
PASS DIVIDEND ON
COMMON SHARES
Graphophone Directors Cut
Stock and Cash Dis
tributi0n.
BY 1. A. FLEMING.

Directors of the Columbia Graphic
phone Company held their regular
meeting for the consideration of div
idends and other business this morn
ing.
Eugene E. Thompson, president of
the Washington Stock Exchange and
senior member of the firm of Crane,
Parris & Co., was elected a director
or the corporation, with special in
tent to represent the very large hold
ings of both common and preferred
stock in this city, just as +. J. Nc
Quade represents numerous share
holders of the Mergenthaler Com
pany, they having given him their
cordial Endorsement.
There are large holdings of both
the common and preferred shares in
cine in prices to current figures. SA
Tor the common and 55 for the pre-
ferred, have inflicted heavy losses, on
paper, and actual on the shareholders.
The company. comparatively short
time ago. retired it's bonds, a small
amount of which were outstanding,
and made an issue of preferred. put
out at 95, which was decidedly attrac-
tive. Since then, however, there have
been several financial operations. One
large issue of common stock was
made at 81. and the last, big note
issue. carried with it the right to
subscribe for common stock at 35.
a right that has never been exercised.
Officials Of the corporation failed
to sense the great change in indus
trial activity. and planned great addi-
tiona facilities with obligations that
lessened the value of the under Sc
curities
In 1919 a big bull movement carried
the common stock to IS share. from
which the drop to 7h was speedy
and plumb.
For years the corporation has paid
stock dividend of one-twentieth of
share of common stock for each
share of common stock owned. plus
regular dividend of 81 year-both
payable quarterly.
profits made, but the inventory was
very heavy. 1t is understood that
work on the new Baltimore factory
has stopped. with no information avail
able as to the Canadian plant.
1t was generally expected that the
declaration of the usual stock divi-
dend would be omitted today, as the
policy has been questioned by con-
servative holders of the stock for
years. resulting as it did in the dou-
bling of the common stock every five
years. and the market was therefore
prepared for it. The common divi-
dend. stock and cash was passed and
the preferred paymen mt or6 cred.
Local Securities.
Railway As were the active leader
in the bond section of the local stock
market. ten $1,000 bonds changing
hands at 59h Washington Gas 71s
per cent certificates were steady at
1919. Capital Traction 5s sold at 81
Local brokers believe that a merger
of the Potomac Electric Company
with the Washington Railway and Elec-
tric Company would be decidedly help
full to the latter, but they can see no
way by which merger with the Capital
Traction Company can be forced
Evening star., 1921-03-01
and Railway preferred at 81. Mer
genthaler brought 121
Bankers. Association Meeting.

There was large attendance Of
mem bers of the Bankers Association
at the special meeting for the dis
cussion of the Foreign Finance Cor
poration.
Senator Edge made splendid talk
on the needs of the nation in main
tanning a market for our surplus
production. Gray Silver, representing
agriculture. touched on the need of
grains and products for an ample
foreign market; H. H. Mckee was
explicit on the methods to be en-
ployed by the big corporation TO Sc
cure latest and best information of
European conditions.
Full particulars OF the proposed
s1oO. 100000 corporation have been
mailed to every bank in the city.
Chapter Lecture.
Tracy L. Jeffords. member of the
local bar, will deliver his lecture this
evening before the elementary class
of the Washington Chapter A. L. B.. on
Special Problems in Law"
r. j. McQuade, cashier of the Liberty
National Bank, will conduct the quiz on
THE Federal Reserve System.
"Bnnking-Its Service to Community"
Joshua Evans.s jr.. vice-president of
the Riggs National Bank, will be the
chief speaker at Memorial Continental
Hall this evening at o'clock, on
"Bankng-Its Service to. the Commu-
nifty"
Mr.. Evans address is to meet the ap-
peal of the savings division of the Treas
ury Department in developing among
the women of America broader
knowledge of saving and investment, this
particular meeting being under the
auspices of the Federation of Women's s
Clubs and the Daughters of the Amer
lean Revolution.
Mr.. Evans. one of the younger bank
ers of Washington, is ably fitted for
the handling of this subject. He is at
the head of the new business and
credit department of the riggs Ma
tional and a vice president of the
Washington Association of Credit Men,
as well as vice president of the Dis
trict Bankers Association.
W., Ii. 4 4. Financing Plans.
The Washington, Baltimore and An
napolis Electric Railway Company, is
offering S1,400,000 two-year per cent
notes at price that will net the buyer
s per cent interest. The proceeds of
the issue will be used for the compile
ton of the Washington and Baltimore
terminals of the company.
A number of prominent Baltimore
bankers are offering the notes. while
in this city they are handled by Crane,
Paris & Co. Price to the public,
9S.10.
The three bank statements of New
York city show but little change
from the reserves of a week ago.
Checking out of funds for the March
payments of interest and dividend
and the preliminary payments on ac-
count of the intome tax have been re-
sponsible for Tightening of the
money market.
The fact that the Townsend Wins
low bill has become a law is of great
importance to the railroads of the
country and should give them a bet
far ta nd in a ri
Business interests are eagerly look
ing forward to the inaugural address
of the President-elect, hoping for a
stimulating effect.
Evening star., 1921-03-01
MONEY AND EXCHANGE.

NEW YORK, March Prime fner-
camille paper, 7h ha7z; exchange firm:
sterling 6o-day bills and commercial
60-day bills on banks, 3,s4. CONNER
sial san eocaay caaies 0:lis; sssx ''0'~ 'enAno'
Francs, demand, 7.20; cables. 7.22.
Belgian francs. demand. 1.51; cables.
7.53. Guilders. demand. 1920: cables.
34.3O. Lire. demand. 3.65; cables, 1867.
Marks, demand. 1.62; cables, 1.63.
Greece, demand, 7.45. Argentine, de-
mand, $500. Brazilian, demand, 1852.
Montreal IL 5-16 per cent discount.
Government and railroad bonds ir-
regular.
Time loans steady: 60 days. 80 days
au1 s.A months. 6Ma7 Der cent.
Evening star., 1921-03-01

High. Low. Last.
Call Money!.
HOURLY SALES OF STOCKS.
IL AIM. 189 800 IL m. ....... 301 100
pm. 416 400 2p.m. 529 200N
Evening star., 1921-03-01
PARIS BOURSE HEAVY.

PARIS. March 1.-Prices were heavy
on the bourse today. Three per cent
rentes. 5S francs 40 centimes. Ex-
change on London. SO francs S5 CEN
times. Five per cent loan, SO francs
95 centimes. The dollar was quoted
at Is francs S71a centimes.
Evening star., 1921-03-01
LIBERTY BOND NOON PRICES.

NEW YORK, March 1-Prices of
liberty bonds at noon were: 312s,
bid; first AIS, S6.SS: second Az s.
5000; third AVS, s9.9s: fourth Az s,
$3.50; victory 3As, $3.50; victory 424s.
sZ4S.
Evening star., 1921-03-01
CANADIAN EXCHANGE RATE.

OTTAWA, Ontario. March 1.-The
rate of exchange in connection with
shipments of freight between points in
Canada and the United States for the
period of March l to IA, inclusive, will
be 14K per cent, with a surcharge of
per cent, the railway commission has
announced.
The Neshoba Democrat., 1921-05-19
NEW SUNDAY SCHOOL
CLASS BEING ORGANIZED

superintendent r. G. PEBBLES of the
M. +. Sunday School Is making an
effort to organize a brotherhood
class. The class, OF course, will be
composed OF men only. John f. Nc
Cauley has been asked to teach the
class with the assistance of G. T..
Rand. In an effort to get the husi-
ness men OF Philadelphia lined up for
this new clnss Agent F. J. Mckinley
states that in case both Rand and
McCauley run the same thing at the
same time. nm Injunction VIII be ask
ed for OF Judge Holmes of the FEEDER
nj Court to hreak up the combina-
ton. 1t is likely that the promotion
of this class of men is as "a result
foredoomed.
The Neshoba Democrat., 1921-05-19
LESS COTTON, MORE FOOD

Reports furnished by nearly 1900
special correspondents of the Journal
OF q ommerce of New York under an
average date of April n indicate an
estimated decline In cotton acreage
of 1872 per cent as against an increase
last year OF 2.3 per cent.
In Texas the reduction is estimat-
ed at more than q per cent; Missis-
sippi's cut Is given as 30 - per cent;
Missouri's decline is estimated at 30
per cent; Oklahoma shows a drop of
33 per cent; Arkansas 32 Z per cent,
and Alabama "a Z per cent. Florida
reports a cut. of 81 per cent. The
smallest cuts were reported from
South Carolina, 255 per cent, and
Georgia 26 per cent. North Carroll
ma show 27.7 per cent reduction, and
Louisiana 20 per cent. 1t is too soon,
however, it is stated, to form any
really accurate conclusion OF the
acreage to be planted this year; for
the cotton belt as whole, the sea-
son is estimated at about six days
late, as compared with the average
last year OF sixteen days.
Present Indications are that much
less fertilizer will be used-only Al
per cent as against 103 g per cent in
1920, although this feature is to some
extent Offset by the Increase in farm
help.
Estimates OF correspondents by
States in acreage, the use OF fertilizer
and the season follow.-Mfg. Record.
The Neshoba Democrat., 1921-05-19
IN SHORT

Colonel Harvey, ambassador to
England, arrived at Southampton
the other day, and made the follow
ing statement.
II am glad of this opportunity OF
expressing at the outset the message
of good will, cheer and hope which
my president has commissioned me
to convey to your king. We must
realize that If we are to grapple sue
cessfully with the great problems OF
the present and the future we must
pass from recollection to action. You
have more than our sympathy, for
there never was a time when Ameri-
ca felt SO keenly the moral obliga ton
she owes to the mother country"
The statement has stirred up some
OF the old G. o. P.'s in Washington
The Boy scouts governed Chicago
the other day for one hour. From
Mayor on down a Boy Scout filed
every place. The affair was arranged
as part of a membership campaign
for the Scouts.
L.. P. Golden of Mississippi College
won the 36th annual state oratori-
cal contest last week in competition
with A. & NJ, University, State Nor
NAL College and Millsaps. Memory
tells us that we once had the honor
OF losing In this contest.
The Beauvoir Veterans are to at
tend the Reunion at Tupelo June
S-10th.
State Commissioners of Agriculture
p. P. Garner and Atty. Gen. Frank
Robertson have been called to Wash
| ington to discuss with the U. S. Sec.
retary of Agriculture the extermina.
tian OF the pink boil worm.
The famous old elm tree that has
witnessed every inaugural parade
ever held in Washington has been re
! moved. Every effort had been made
to save It's life TO no avail.
The Mayor OF Alderman, Col
Frank Townsend, committed suicide
May 18th, MIR. Townsend cut his
throat with a razor. He was So years
of age. A nervous break down was
the cause of the action.
A chamber OF commerce was or
ganized by the business men Of New.
ton last week.
The Neshoba Democrat., 1921-05-19
CITIZENS TEACHERS ASSN
HOLDS FINAL MEETING
ADDRESSES MADE AND OFFICERS CHOSEN

The Philadelphia Citizen-Thachers
Association held their final meeting
on Friday afternoon with u record
attendance.
The meeting opened with prayer
by Rev. Young. The discussion,
"What Can be Done for the AInuse-
ment and Employment OF Our Chill
dren During Vacation" was led by
Mrs. Rand, who discussed the.sub-
feet from the view point OF the par
ents, and was followed by Mrs.
Stinson, who told of the willingness
of the HiY girls to cooperate in this
work, Mr.. John Hester spoke on
1.-The Gang Spiritin Boys" and Of
fered some able suggestions regard
Ing the necessity for parents to har-
ness this spirit for the good OF our
boys. Prof. C.L.Crawley made an ex-
cellent talk, his subject being, "After
Graduation, What?" Mr.. Crawley
urged every parent to make II special
effort to send their children on to
college after graduation, but If this
was impossible, then. at least, give
them some industrial training to
prepare them for life's work.
Resolutions OF appreciation for the
splendid work done by the faculty
during the session were read by Mrs.
Props Turner, aud these resolutions
We're adopted.
Mr.. John McCauley, Pres. of the
School Board, made u most inspir-
ing talk on the responsibility OF
teachers and the work OF our public
schools. Mrs. Evelyn Luke read a
letter from Dr. Leathers about phys
zeal examination of school children
and Mrs. Dave Donald mIde Il mo-
tion to have Il committee meet with
the Red Cross financial committee,
and request aid for this work. The
committee appointed was Prof C.L.
Crawley, Rev. j 5. Purcell and John
Hester. Officers for next year were
elected HIS follows: Pres, Mrs. w. j,
z StmbIing; Vice Pres, Mrs. G. l.,
Crawley; Secretary & Treasurer, Mrs
/, w. d. Cole; Reporter, Mrs. @. Il,
Rand. The refreshment committee
served a salad course at the close OF
the meeting.
The Neshoba Democrat., 1921-05-19
STATE MEDICAL ASSN
HOLDS ROUSING MEETING

The State Medical Association met
at Laurel, Miss, last week for one OF
it's most successful sessions. Drs. w.
FL. Banks, w. j. Stribling and d. j.
Rush attended from Neshoba Coun-
ty. Drs. t. V. Horne, Edinburg,
Brantley of Madden also attended.
DR.. Rush gave an interesting ac-
count OF the meeting and had many
very good things to say about the
hospitality of the people of Laurel
and the entertainment afforded.
Browns Wells was chosen as the
meeting place for next year. Judge
Bob Miller, a most eloquent member
of the Mississippi Bar, who lives at
Hazelhurst, made the speech OF invi-
tation in behalf OF Browns Wells.
He promised the Medical Association
the time of their lives.
After Bob Miller had made his
speech someone asked him that In
the event they should meet at
Browns WellsneXt year what would
that part of the Association that
could not stomach the sulphur water
at the wells do for something to
drink. Bob Miller's only answer was
that the State Bar Association that
met there recently sounded no COM
plaint.
DR.. Henry Boswell Of Sanatorium,
Miss, was elected president of the
State Medical Association. Other Of
ficers elected were: First vice-presi-
dent. DR.. J. S. Eason, of Coldwa ter;
second president, DR.. r. FL.
Crawford, OF Laurel; secretary re-
elected, DR.. & M. Dye, OF Clarksdale.
The Neshoba Democrat., 1921-05-19
PHILADELPHIA HIGH SCHOOL
PLANS COMMENCEMENT
TWENTY-0NE IN CLASS PROGRAM ARRANGED
W.T. BOND TO make ADDRESS TO GRADUATING CLASS

The Philadelphia High School holds
commencement May 29-31 inclusive.
The exercises open Sunday morning
at Ii O'Clock with the baccalaureate
sermon by Rev Malone of Columbus.
Monday evening May 30th will be
Class Night. Hazel Breland, class
musician; Ada Pearle Mckay is class
prophecies; Bernard Robinson, class
historian; Henry Bridges, class poet;
Dees Stribling, class orator and Mar
tin Milling will read the class will.
Tuesday evening May 3lst will be
graduating night.
State Superintendent of Education
w. #. Bond will deliver the annual
address to the class.
Ethel Van Hoosier is Valedictoriah
and Gladys Pettey, Solutatorian.
The diplomas will be delivered by
Professor c. l.. Crawley.
There are twenty-one members in
the 1921 class. They are as follows;
Isa Bryan, Lottie Dansby, Helen
Drake, Zexa Parker, Ethel Van
hoosier, Arcola Van Hoosier, jamie
Alexander, Bernard Robinson, Joe
Young, Martin Milling, Bryant Will
son, Gladys Pettey, Eunice Yates,
Johnnye Lou McCauley, Dees Strib-
ling, Henry Bridges. Paul Barrier,
Alton Wilkinson, Vera Hembree,
Hazel Breland and Ada Pearle Nc
Kay.
Miss Eunice Howe is TO present her
pupils in musical recital as an In
teresting part Of the commencement
exercises, and Miss.Salhe Will Bridg-
The Neshoba Democrat., 1921-05-19
Senator Edge To Address
World Advertisers

New York, May 17.-Practical leg
islation to relieve the economic de-
preston in this country, instead OF
the theoretical legislation OF recent
years, will be advocated by Senator
Walter E. Edge OF New Jersey, in
his address before the world adver-
tising convention In Atlanta, June
IL to l6.
Getting at Foreign Markets to
Build Home Trade" is the subject of
Senator Edges address, which will
deal with the present need OF mar
kets-foreign markets to absorb our
surplus output and cause increased
demand for our products, as well as
home markets to keep our produc-
tion at normal.
For on production, depends our
The Neshoba Democrat., 1921-05-19
COTTON SHOULD DO BETTER

Cotton should do better. 1t has
about paid for it's wartime spree.
Just as 43 cents was unreasonably
high for cotton last July, SO IL cents
is unreasonably low today. 1t may
be hard for the South to see 1t yet
the world is on the mend. AS things
improve in other countries-as they
will improve-the demand for cotton
cannot but expand At home, too,
cotton users have been buying from
hand-to-mouth for many months
Consumption of cotton at home in
March was the largest in six months.
Because of the drastic depletion of
stocks of cotton goods throughout
the country, mills will have to buy
still more freely before long. Then,
again, prices OF cotton fabrics are
being brought into line with the ideas
of consumers. SO tilut it is logical to
look for Increased consumption AS
the automobile industry and other
industries which use cotton pick up,
the South will benefit. Broader fa-
cilities for exporting cotton on long
term credits are materializing. Bears
on cotton harp upon the large carry
over; but how much of the unsold
stock is OF standard grade? Foreign
consumers ought shortly to he able
to take low-grades and home de-
mand the better grades.
Daylight should soon dawn for the
South.
The Neshoba Democrat., 1921-05-19
MAY MINUTES PHILADELPHIA
BOARD OF ALDERMEN
CLAIMS ALLOWED

Usual salary allowed Paul Dees,
Lon Welsh, K s Richardson, 0 A
Seward, ] M Young, S B King, 6 w
Atkinson, ] V Welsh and @ Posey.
Water Plant sos; Bank of Phila. rent
$40; Wilson sal $50; Telephone $3;
J V Welsh cemetery So; L Mayo
salary $3.50; Oil $62 81; School Phone
SO; W III Mitchell lights 1924; Phila.
School Trustees 81 500 90; Deweese-
Rogers lbr $44 56; Hend nderson-Molpus
Co. $l2 80; Turner Hdw. Co. $83 As;
Grain Co. wk $35 81; Spivey Ross
Hdw. Co. $36 S3; e P Donald 81 10;
Estes Grocery So; Hotel Rush $31 So;
L Welsh cash hauling rubbish $54 81;
Frank I'll Ranney auditing 1922 80;
Neshoba Democrat acct $48; G l.
Mayo $35 SO; w H Mitchell $31; Citi-
zens Bank interest $l20; W w Grain
So 10; Jim Dees 1852; School Supply
81; Lon Welsh rebate taxes $63 58.
The Neshoba Democrat., 1921-05-19
PHILADELPHIA, MISS. THURSDAY, MAY lo, 1921
WILLIAMS IMPROVING
SHERIFF VISITS HIM At MERIDIAN

Mr.. Joe Williams, who Is In the
Matte Hersee Hospital at Meridian
suffering from gun wounds inflicted
by waylayer several weeks ago, is
showing signs OF recovery.
Sheriff M. G. Posey and Deputy
sheriff j, L. Posey saw him at Meri-
dian Sunday. He is conscious and is
recovering. The surgeons in charge
state that it will he two weeks be-
fore his condition will he such that
any thing definite can be said as to
his chances to live.
Martin Arledge is still being held
in the County jail pending Mr.. Will
liam's recovery.
The Neshoba Democrat., 1921-05-19
NO. so.
TOWN MARSHAL CHECKED
MARSHAL LON WELSH'S WHOLE TERM AU-
DITED BY r. H. RAhNEY

At the behest OF the Board of AL
derman of the town OF Philadelphia
Tax Collector Lon Welsh's books
have been audited for his whole ten
ure Of office. Auditor Frank FL. Ran
ney has just completed the task and
as Il result $63.50 has been paid over
to Lon Welsh as rebate for money
due him by the town of Philadelphia.
The audit covered the years of 1915,
1916. 1917, 1918. 1919, 1920 and 1921.
1t will be remembered that Mr..
Welsh succeeded Mr.. j. A. Myers as
Marshal and Tax Collector, and
that the period Immediately follow
ing Mr.. Welsh's first term has been
much in litigation in the celebrated
embezzlement case of the State VS. j..
A. Myers. Mr.. Ranney's audit for
1915 produced substantially the same
totals as those of Auditor w. II.
Moore, who testified for the state in
the Myers case.
The audit shows that Lon Welsh
was due $4425 from the town for
1915, S223 for 1916, $1.0G for 1918,
SO. 40 for 1919, and that there was a
shortage of $l.17 for 1917, and q
shortage of Sc. 80 for 1920.
The Board OF Aldermen accepte d
the audit of Mr.. Ranney, and Mr..
Welsh has been issued warrant for
$63 .5S to cover the balance due him
by the town of Philadelphia.
The Neshoba Democrat., 1921-05-19
Free Picture Show

DIR. Hays under the auspices OF the
United States Treasury Department,
will give picture show at the local
theatre Thursday afternoon and
evening on May 10Th. The afternoon
picture will be for girls and women;
the evening picture for men an boys.
The picture carries q lesson of tire.
mendous Importance. and DIR. Hays
comes with highest recommendations
rom over the state.
The Neshoba Democrat., 1921-05-19
CHANCERY COURT CLOSES
DECREE IN CASE AGAINST BRANTLEY

The May Term OF Chancery Court
closed Saturday evening after a very
busy week. In the case of Stokes
Robertson VS. A Dees, dministrator
Of the estate w. j. Bratley and the
National Surety Company, a New
York Corporation, decree was
given for complainant for something
over 100000
In the case of Stokes Robertson vs.
A. Dees. Administrator, of the estate
of w. BIantley ct al no decree was
given. Chancellor Guyton took the
matter under advisement.
The Neshoba Democrat., 1921-05-19
oh Rose

(The Democrat is always glad to
nave contributions like the following.
The sentiment here is a pretty one,
IN d the work well done.)
When at Aunt Kate's
l plucked rose,
And thought of verse
And thought of prose.
/ took 1t home
To china vase,
And dreamed of beauty
AS / saw its face.
At the break of dawn.
AS lay in bed,
watched the rose,
So soft and red.
And, said; 20, Rose;
OF beauty rare,
Make me as sweet
And good, and fair.n
Sibyle Spivey,-Age II.
The Neshoba Democrat., 1921-05-19
Belle Kearney Speaks
Wednesday Evening

Miss Belle Kearney, candidate for
the United States Senate from Mis-
sissippi speaks at o'clock p. M. in
the County Court House Wednesday
evening May 18th.
An informal reception during the
afternoon will be held in her honor
at the home of A. Deweese.
The Neshoba Democrat., 1921-05-19

Billiousness is q disorder involving
the stomach, liver and bowels. 1t
opens the door for disease. Prickly
Ash Bitters is the right remedy. 1t
drives out bile and impurities and
makes man feel bright, vigorous and
cheerful. Price $l.25 per bottle. Sold
BY All Druggists.
IAdvertisementl
The Neshoba Democrat., 1921-05-19

national prosperity. Senator Edge
holds, and his address on the means
necessary to stimulate production,
will be In harmony with the domi-
nant purpose of this forthcoming ad-
vertising convention-to point the
way to permanent prosperity.
The Neshoba Democrat., 1921-05-19


Only of this years teachers are to
return next year. Prof. c. L. Craw-
ley, Mrs. Crawley, Mrs. Lon Welsh,
Miss Emma Lotion and Miss jamie
Newman are to return.
Mrs. e. B. Stenson, Principal of
the school. Ia to go to Greenwood,
though an effort is still being made
to retain her.
Miss Camilla Toler is to resume her
studies, looking towards an A. b.
degree at the La, State University.
Miss Clara Rodgers is to teach at
Centenary College, Tenn. Miss Ethel
Whitaker is to teach at III oily Springs
and Miss EuDice Howe at Louisville.
Misses Teresa Walker, Sallie Will
Bridges, Catherine Good and gladys
Page have not announced their To-
cations for next year. 1t is rumored
that some of these teachers are con-
templating very interesting yoca-
tions. With how much truth we
dare not say.
The School Board and Professor
Crawley have a number of splendid
applicants for next year and will
have no trouble getting teachers to
fiIl. the vacancies.
The Neshoba Democrat., 1921-05-19

es and Miss Teresa Walker are to
present the younger children in a
May pole dance aud folk-dancing.
The date has not been set for these
two numbers, but will be announced
later.