davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-08-02
Oppose Government Savings Issues

The decline in the going rate on
money to point where it is well be-
low the rate paid on Treasury savings
certificates has aroused opposition to
the public sale of this form Of security
on the part of some bankers, notably
those representing the savings banks.
The latter are at disadvantage in
competing with the governments offer
of AZ per cent for the savings of the
people and believe that it is a situa-
tion where the Administration slogan
of "less government in business, more
business in government" should apply;
Some Of the bankers feel that it would
be preferable for the interested banks
to underwrite Treasury issue of 3A
or 31a per cent securities in amount
sufficient to provide for the maturi-
ties this year of war savings certifi-
Gates and thrift stamps, and move
ment to that end is in process of
formation,
New-York tribune., 1922-08-02
In Wall Street
Motors and Tires Heavy

While the reaction in the last hour
of trading yesterday was attributed to
factor of general signihcance--th the
unequivocal stand of President Harding
on the question Of seniority and the
belief that railway executives would re-
ject the proposal-it had become ap-
parent earlier in the day that traders
were growing uneasy over what ap-
peared to them to be the beginning of
new series of price reductions in
motor cars and tires The motors sold
off, first gradually and then sharply,
Studebaker finishing the day below 1870,
General Motors below 1871 and Chand-
Ter below go. Pertinent developments
of the day were price reductions by
the Hood Rubber Company and on
Buick and Chevrolet 1923 models. Sup
port came to the motor stocks
through those traders who were i'm
pressed by the report of Mack Trucks,
Inc, showing net earnings of st,316,-
900 after charges, depreciation and
taxes for the June quarter, as com
pared with $523,000 in the correspond
ing period of 1921. An impression was
also made by more detailed state
ment of the Maxwell Motors debt re
duction.
New-York tribune., 1922-08-02
Stock Prices
Lower Under
Heavy Selling
irregular Fluctuations, but
Firm Underlying Tone,
Mark Trading Until
Near the Sessions Close

The effect of uncertainty regarding
the outcome of the shipments confer.
ence and of that of the Association
of Railway Executives at New Yorl
tended to restrict the volume of trad.
ing in speculative securities yesterday
During most of the session prices fluc.
tuated irregularly, but the underlying
tcne was firm. Toward the close OF
the session, however, an intimatior
that the railway executives would re.
ject the Presidents plan for ending
the strike led to heavy selling, and the
average prices of both railroad and in
dustrial shares were lower at the close
The actual announcement of the rejec-
tion by the executives was not made
until long after the end Of the days
session. The financial district is In
clined to believe that the adjustment Of
the coal strike hinges to large extent
on the ending Of the railroad cleavage
Speculation Of the last few days has
been predicated on the assumption that
early settlements would be attained.
The group most vulnerable to selling
was the motor and tire, because Of a
recurrence Of price cutting for the in
dustrial products.
Of more interest than the desultory
trades In stocks was the active bidding
up of prices TO more than 50 bale at
the close in the cotton market after
the publication of the governments
crop report, which indicated a produc-
tion much smaller than predicted In the
private reports. Whereas most of the
private surveys revealed an improve
ment in the condition OF the crop in the
last month, the Department Of Agri-
culture statistics entailed a decline
from 71.2 per cent of normal to 70.S
per cent, which incidentally is smaller
than the average decline between June
25 and July 25 for the last ten years
The ten-year average of condition as
of July 25 is 1919 per cent.
Mondays sweeping decline in wheat
prices, resulting from hedging sales
continued during the first half Of yes.
terday's session, but was later checked
by short covering and speculative long
buying, induced by the lower price
levels. Final quotations were un.
changed, as compared with those OF
Monday, to 70 of cent bushel
higher.
In the foreign exchange market the
mark again crashed to hitherto un.
touched depths Of depression, closing
at lax of cent, the lowest level ir
history. Uncertainties regarding the
permanence of moratorium, accom-,
panied by terrific imitation, have i'm.
paired confidence in the worth of the
mark, and hence the flight for the cur.
rency.
New-York tribune., 1922-08-02
Decline in Brazilian Ss

The decline in price of Brazilian
government 8 per cent bonds over re-
cent weeks, running counter to the
market trend and bringing them be-
low many other South American is
sues, has brought these securities
down from quotation of around 108
to par Several explanations for the
depreciation are offered in the finan-
cial district, among them the over
saturaton of the market with Brazil
ian issues, public criticism of the
bonds, and the calling Of attention to
the default on amortization in 1914
on certain Brazil bonds placed in Lon
don. An additional influence has been
the political disturbance in Brazil
early in July, which has now passed
R. o. Hayward, Of Dillon, Read & Co.
bankers for the bonds, who has just
returned from a three months trip tc
Brazil, yesterday said that this dis
turbenco had been serious, but that
the issue had been satisfactorily met
and gave favorable analysis of con-
ditions in that country.
New-York tribune., 1922-08-02
A Threefold Subscription

Expectations of bankers that sub
scriptions for the new four-year 4A
per cent Treasury notes would be
sharply pared were substantiated yes
terday in the announcement by Secre-
tary Mellon that the S3o0,000,o 900 Of
fered for cash had been more than
three times taken. A significant, fea-
ture of the reception Of the issue was
that the demand throughout the coun-
try was uniformly good; not only did
the proportion Of applications to the
amount offered comprise a record, but
subscriptions furnished an indication
that money easement is not peculiar
to one or two districts. News that the
exchange of Victory Az per cent notes
for the new issue is proceeding slowly
caused little surprise, and it is con-
tidently predicted, on the basis Of
purchases of Victory's, that the ag
gregate exchange will ultimately be
large.
New-York tribune., 1922-08-02
Argentine Loan Situation

Bankers in touch with Argentine at
fairs do not expect the loan project
to be revived until next October, when
the new President will be inducted into
office. The bids opened on Saturday
were called for entirely on the initia-
tive of the retiring executive, who
was anxious to fund the country
floating indebtedness before his term
expired. He has not been in harmony
with the Argentine Congress and there
was little chance that, if he had OBJ
tanned satisfactory tenders, they would
have been approved by that body. The
incoming administration is reported to
be on better terms with Congress.
New-York tribune., 1922-08-02
WFaat's Behind
Active Stocks?
6O-American Smelling

OO-TAillCtiCdIl OlilCItlllS
The market value of American
Smelling and Refining Company
common stock is less than half the
value as figured on the basis of
assets shown in the latest balance
sheet. On December 81, 1921, the
net tangible assets applicable to
the common stock amounted to
$137.S4 share. Since the assets
Of the American Smelters Securi-
ties Company are included in this
computation, the preferred "A" and
"B" stocks of this company are
deducted from assets in figuring
book value. Thus the S60,998,000
American Smelling common is pre-
ceded by this company's own $780,
100000 preferred stock and S8y713,-
800 Smelters Securities preferred.
There is funded debt of $34 $780,
500, all but STAT 800 maturing in
1947 The property account toteled
$128,042,000 at the end of 1921.
More than half the preferred divi-
dend was earned last year. Net
profits for the ten years ended De-
cember 81, 1921, averaged 1857 per
cent yearly on the average amount
of common stock outstanding. Divi-
dends have been paid without omis-
sion on the preferred since 1899.
The last dividend on the common
was on March 10, 1921. Previous
to that date dividend had been
paid in every year since 1904. In
normal times copper is the COM
pany's greatest source of revenue.
Silver, gold and lead come next, in
the order mentioned. At the end
of 1921 the company had surplus
of $40 1922 900. Current assets ex-
ceeded current liabilities by s44,-
652,000. Range of common since
1910: High, HON, In 1917; low,
29k, in 1920; yesterday close, 60M.
New-York tribune., 1922-08-02
Money and Credit

The opening and renewal rate on call
money yesterday was marked up to a
per cent, level which served to meas
ure the relation between supply and
demand for the day. The Federal Re-
serve Bank announced that the gov
ernment would withdraw tomorrow
$3 100000 of the funds which it has
on deposit with the banks in this dis
trict. Time money was quiet and tho
volume of short-dated funds available
below a per cent was restricted, in
view of conditions in the call money
market.
Yester- Year
On industrial collateral. 4 6
On mixed collateral. 80. 6
Time money (mixed collateraD:
Sixty days ......... 3M@4 6@6k
Ninety days ....... 3%@4 6M6h
Four months ....... a @4A 6G06h
Four to six months. Az 04h 6@6h
Bank Clearings- clearings at
New York yesterday were: Exchanges,
$953 400, 600; balances, $73,80O,0o0,
silver-London, 35hd; New York,
domestic bar, 995sc;' foreign, 69hc;
Mexican dollars, So 1-3c.
New-York tribune., 1922-08-02
Transactions Yesterd ay i'm Listed Stock
Summary Of Stock Exchange Dealings
STOCKS

copyright. 1922 New York TRIBUNE Inc,
New-York tribune., 1922-08-02
The Dollar i'm Foreign Exchange

Foreign exchange rates continued to
rule easy, with small declines being
registered in nearly all parts of the
European list.
New-York tribune., 1922-08-02
Mail Order Sales Increase

There were some items of good news
yesterday which the market community
was restrained from using to good
effect on account Of the unfavorable
strike development. Undoubtedly these
items will be held in reserve for more
complete action when the speculative
horizon has cleared again. The reports
of the two leading mail order houses
on July sales were a case in point.
Sears, Roebuck sales last month
showed an increase of t4.69 per cent
and Montgomery Ward sales an in
crease of 1904 per cent. Mail order
sales are not as infallible q guide TO
rural buying power as they formerly
were, but they still indicate in way
whether the farmer Is loosening or
tightening his purse strings.
The Hope pioneer., 1922-10-26
NOTICE TO CREDITORS

Notice is hereby given by the under
signed. administrator with the VIII an
,sometimss known and called by the
name Of Bert. c. Shaw. late Of the city
Of Sioux Falls in the County of Mtnneha-
ha. and state Of South Dakota. deceased.
10 the creditors Of. and all persons hav-
;ng Claims against said deceased. to ex-
hibtt their claims. with the necessary
vouchers to the undersigned, at his resia. u.
ence in the City of Hope. County OF
and State Of h.n North eams nas0te Can The ss
~, esented to the said administrator with
lie viii annexed has been littmted mt ito to
publication of this notice.
Dated at Finley, North Dakota. this
23,d day Of September, 1922.
NJ B. CASSELL,
Adninistratcr with the will annexed OF
tie estate OF Bertrand c. Shaw, tsoms-
tines known and called by the name Oh
Eel, Z. Shaw), deceased.
Wm. BARCLAY,
Attorney for Administrator
rin.ey. North Da.iotu
First Publication September rs, 1922
The Hope pioneer., 1922-10-26

Also, to secure the best results,
use c0unterpoise as described under
"Aerials."
The diagram shows so plainly how
this set is made that no detailed ex.
planation is necessary. The inductance
G Is merely single coil made by wind.
ing about so turns of the No. 20 wire
on the pasteboard tube 3 inches In
diameter. The radio choke-coil I. is
made by winding a few layers of the
No. % wire on the pasteboard tubes
Y inch in diameter and the modulation
transformer N may be bought ready.
made or an old style Ford spark plug
with the buzzer or contact screwed
down hard may be used. In setting ur
be sure the primary coil Of the modula
tion transformer is connected with the
phone transmitter o. One great ad
vantage in this set is that there are
only two adjustments to be made, tn,
rheostat H, and the variable con.
denser b. In the diagram, A Is til,
aerial, B the variable condenser. {
the inductance or helix, D the ground
E fixed condenser, F tube plate, c
grid, H rheostat, 6 volt battery, I;
GO volt battery, X fixed condenser,
radio choke, NJ grid leak, N moiula
tion transformer o phone transmitter
The Hope pioneer., 1922-10-26
THE HOME RADIO
CspuiAth yHap9Ah
xx111. ANOTHER SIMPLE TRANSMISSION sET

One Of the simplest transmission
sets which can be devised for really
practical work is that shown in Fig
80. In this set, the only instruments
which are required are as follows:
Vacuum tube with socket.
Variable condenser of .OO1 mid.
Telephone transmitter or micro
phone.
60 volt B-battery.
6 volt storage battery Ordinary
dry batteries may be used).
2 Fixed condensers of .OOO5 mid.
Modulation transformer or an old
type Ford spark coil.
l RheOstat.
In addition, you will need some No.
% b. & S. double covered cotton in
sulated wire.
No. 26 B. Il S. double covered cot
ton insulated wire.
2 pasteboard tubes Y inch in d.
ameter and 2 inches long.
1 pasteboard tube inches in di-
ameter and 2 inches long. .
A supply of ordinary cottOn-covered
bell wire.
Aerial wire (No. 14), seven.strand
phosphor bronze or copper is best, but
plain will do.
The Hope pioneer., 1922-10-26
STORED UP FOR HISTORIAN
Writer Calls Attention to Real Value
OF Congressional Record, Not Of
Common knowledge.

The Congressional Record is the butt
OF the humorist of today and the store.
house Of political knowledge for the
historian Of tomorrow. 1t is the tar.
get at which the satirist shoots his ar
rows of wit, but it contains a compen.
dunn of information which stands as
a permanent contribution to political
science through the ages, when those
who have cast their jibes and sneers
have been forgotten. A mariner cast
away on desert island with nothing
to read but the debates of congress
could come away in a few years as
crammed with facts as a college stu.
dent on the eve Of an examination. He
would know something about nearly
every subject under the sun, including
romantic literature and poetry. He
would have substantial grasp upon
the development of government, eco.
nomics and political philosophy, says
the Washington Post.
livery man who has ever spoken on
the door Of the senate or house has
added something to the sum total Of
The Hope pioneer., 1922-10-26
GORILLA NEAREST APE TO MAN
But Scientists Do Not Claim hs 10 An.
cestor Of Humans-EvoIution
ThAanu E~nIotH>A

BUT scientists Do Not Claim He 10 An.
cestor Of Humans-EvoIution
Theory Explained.
New York.-The gorilla, that 400
pound chunk Of ferocity, was classed
as the animal closest to man in its
qualities of physical and mental en-
dowment by scientists who addressed
the annual meeting Of the American
Society Of Mammalogists in the Amer
lean Museum Of Natural History. It
was not contended that the gorilla
is mans ancestor, but that in the group
to which man belongs. which includes
besides the gorilla, the gibbon. the
orang-utan and the chimpanzee. the
gorilla surpasses the other apes.
DR.. w. X. Gregory, curator Of COM
parative anatomy Of the museum, ex-
planned the theory Of mans descent as
evolutionists hold 1t today. Their con-
tention Is not that man Is descended
from one great ape, but that he goes
back with them to a common ancestor,
now long extinct. Certain fossil re-
mains Of this creature, Doctor Greg
ory said, show that the pattern Of his
teeth was closer to that Of mans than
In the case Of any animal now e1-
istent.
The Hope pioneer., 1922-10-26
NOTICE OF MORTGAGE SALE

NOTICE IS HEREBY GIVEN, That
that certain real estate mo. tgase made
executed and de- ivered by M Arthur fn g. ,nne Siae
gagors, to A. B. Holt as mortgagee. dated
September Q. 1921 and filed and recorded
in the office of the Register Of Deeds II
of North Dakota on the 18th day of Sep
tember 1921 at P. NJ. in Book % OF
Mortgages. page SO: that such default
exists by reason of the mortgagors above
named having failed to keep the buildings
on said premises insured. and failed tc
pay tho taxes the. con as the same became
due, and that by reason of such defaults
and under the terms and conditions of said
mortgage and by virtue Of authority con
tanned in the said mortgage. and foi. the
further reason that said mortgagors have
abandoned said premises. the said mort
sagee has declared the whole sum remain
ing unpaid upon said mortgage to be due
and payable; will be foreclosed by a sale
of the premises in such mortgage and
hereinafter decribed at the front door of
ley. in said County Of Steele and State
Of North Dakota (said Opera House being
the place where the last term Of the Dis.
s,ee,e % %as heldS on 'Gs Saturday s y the 18th m
dav of Ncverrher 1922 at the hour ~
o'clock p. u. to satisfy The amount
Aue u.,on said mortgage upon Tie u;,y VI
sale.
The premises described in said mort
gage and which will be forec.osed to sat
isfy the same are those certain premises
situated in the. County Of Steele and State
Of North Dakota. and described as fol-
lows. to-wit:- Lots One ~. Two (2). &
Three 49,. in Block numbered Four "a,
In the original Townsite of the Town Of
Blabon. according to the plate thereof on
file and Of record in the Office of the Reg
lister Of Deeds. In and for said County of
Steele.
There wifi he due upon said mortgage
on the day of sale for>principal and inter
est the sum Of $685.. so. together with the
costs and disbursements OF this foreclo-
sure. including legal attorneys fees.
Dated October 10. 1922
A. 3. HOLT,
WIN. BARCLAY, Mortgaeee
Attorney for Mortgagee
Finley. ". D. lO-12-6ti
The Hope pioneer., 1922-10-26

what the Record contains. Even the
errors propagated in debate are use.
full; they help one to ascertain the ul-
Innate truth. Thomas B. Reed once
said that every member Of the house
was an expert on some one thing; that
1t would be discovered that there was
substantial reason explaining why
every man was there. A great deal
OF matter gets into-the Record every
day which at the time may seem ir-
relevant. With the passing Of the
years Importance is emphasized. In
2O22 the Congressional Record of to.
day will be an invaluable repository of
facts bearing upon all phases Of life
as it ia now lived.
The Hope pioneer., 1922-10-26
WOOD INTO PAPER IN 3 HOURS
Germans Fell Trees and Make News.
print In Record Breaking
Time.

Berlin, Germany.-Trees on which
birds warbled their morning song are
turned into newsprint paper and sold
as midday editions on the same day in
certain towns Of the Harz district,
says the Papierfabrikant, the leading
German paper makers organ.
The exact time taken in the process
Is hours 25 minutes. The trees were
felled at 1885 a. M, pulped and turned
into paper by 9:39, rushed in a motor
truck two and one-half miles to the
printing office and at IL o'clock news.
paper boys were crying the local sheet
on the streets.
The Hope pioneer., 1922-10-26
Yos, Indeed.

Yes, Indeed.
II 10 too bad that our ancestors do
not live long enough to realize how
smart We are.-DetrOit journal
The Hope pioneer., 1922-10-26
That PROPOSAL.

"Ninety-nine out of hundred mar.
ried men, II they spoke the truth,
would have to confess that they had
been unaware thirty seconds before
they proposed that they were going 10
DO so; and that the most Incredible
happening In theirI lives had been
when thirty seconds later, they. had
discovered that not only had they pro
posed. hut that they had been riotous.
ly accepted" the "Klngdom
Round the Corner" by Conlnesby
Dawson.
The Hope pioneer., 1922-10-26
Baby Falls From Window,
Caught in Postman's BAD

Henry M. Druckman, Of Brook.
'lyn, N. T.. letter carrier, was
delivering mail when he saw q
baby climbing 10 the sill Of a
-third-floor window. He ran
across the street to notify the
child's mother, but the baby
kept on climbing. Druckman
got under the window just as
the child, who had crawled over
the sill, fell out. The letter car.
rler stretched his empty mail
bag and caught the baby In II,
The child was unhurt.
The Hope pioneer., 1922-10-26
HAVE new DOPE CRAZE
indians Of South Dakota Now
Eating Peyote Bean.
Has DemoralIzins Effects, Mentally
and Morally as Well 40 PhyslealIy-
Couple Habit With Re-
liaious Ceremonies.

W0SulOSlOu.-A U0W UOpS SG01S-
peyote eating-has taken such hold
on the Indians on the nine reserva-
tions Of South Dakota as to create
problem which those who are interest
ed in the welfare of the red man view
with grave apprehension. The peyote
bean Is the fruit Of cactus plant,
which grows along the Mexican Dor.
der. 1t is known as the Indian co.
caine, and has practically the same
effect as that drug. Eaten BY the
Indians under any circumstances, 1t
has demoralizing effects, mentally and
morally as well as physically. To
complicate the situation in South Da-
kota, the peyote habit has been
coupled with religious ceremonials
which combine ancient Indian super
stitions with Christian rites, and the
craze is now In full sway among hun
dreds of the nations wards In the
Northwest says the Washington Star.
Saturday night has become the fa.
vorite occasion for these peyote or
gies. Gathering in tents or huts. the
devotees eat from 80 to 40 Of the
small beans, following which they be-
gin to see visions.
Despite the traditions of the red In.
dams reticence he is a great talker,
especially when under the influence Of
a stimulant. In the~grip Of peyote, the
braves claim to have wonderful revela-
tions and are filled with the spirit Of
weird prophecy, which is unfolded to
the gathered tribesmen in long and elo-
Quent harangues.
In this state Of drug-created frenzy
they read from the Bible, offer pray
ers and sing hymns. using these de-
vices to cover the degenerate activities
which accompany the progressive ef-
fects of the drug.
The elimination of many of these
peyote meetings is declared by those
who have witnessed them to be most
revolving. Many instances have al
ready been called to the attention Of
the authorities Of husbands and wives
having been separated as result Of
the peyote debauches, and the debili.
tating mental and physical results of
the drug are already beginning to
show in hundreds of the younger gen.
Grafton Of the Indians.
Spreading north from the Mexican
border during the past I'VE years the
craze entered South Dakota from Ne
braska, where there are said to bs
about 400 addicts among the Whine.
bagos, Omahas and Poncas. From
the Winnebago reservation it spread
to the Yankton reservation In South
Dakota. where there are said to be
about 40 confirmed addicts, and then
to the Ponca Creek station Of the
Rosebud reservation, where about 90
individuals are habitual users Of the
drug. The other members of the tribe
have not yet. fallen victims to the
craze, the cult having its Leadership
from men Of an age ranging from 80
to 45 years, which may be classed az
semi-educated.