davidaulloa/AmericanStories huggingface dataset:
The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1922-11-02

Liberal, Kansas, on the 4th day of
November, 1922.
Claimant names as witnesses:
Richard ]. Sligar, of Liberal, Kan
sas; Lawrence A. Perry, Of Liberal,
Kansas; Harry L. Monroe, of Liberal,
Kansas; Orville R. Young. Of Liberal,
Kansas.
c. W. MILLER,
Register.
The New York herald., 1922-06-11
FINANCIAL NOTES.

s. Townsend. sales manager OF the Chew
rolet Motor Company Of New York, division of
General Motors Corporation, announces that
G. l.. Heyniger, formerly an assistant to AL
fred p Sloan, Jr., operating vice. president
Of the General Motors Corporation. has been
transferred TO the sales department of the
Chevrolet organization. with headquarters in
Tarrytown.
Louis G. Blumberg is in the unlisted trad
Ing department of Marks e. Graham, mem
bers OF the New York Stock Exchange.
Samuel NJ. Benson Is with william c. orton
a. Co., "a Wall street.
Metzler G. Co., Inc, III Broadway have
received the list OF numbers OF the Republic
of Cuba's q per cent Treasury bonds, TO
mature In 1929, drawn for redemption at par
under provision whereby they are redeemed
by semi-annual drawings.
Fenner Beane, members OF the New York
Cotton Exchange. have issued review and
outlook of the cotton situation.
Robert G. Mayer a Co. have moved to 60
Broadway Their new telephone number is
Bowling Green 0O60.
The Lawyers Title and Trust Company has
been appointed transfer agent and registrar
for the United Profit Sharing Corporation 8
stock.
The New York herald., 1922-06-11
Market quiet and Lower.

Operations in yesterdays stock market
were much quieter than they were on FRI
day, and although the recession started
on that day and continued through the
half session, declines wers wore orderly
and smaller. Fridays break no doubt
brought in selling orders from tinid and
frightened spectators in other parts or
the country which accounted to de-
gree for opening weakness. Then. too,
il is not unlikely that commission houses
found 1t necessary to send out margin
calls In Friday nights mail. which would
have a tendency to bring out some OF the
stock The strength in Atlantic Gulf on
Friday went unexplained yesterday,
when another fractional gain was scored
Republic Motor Truck advanced sharply
on reports that it would enter the big
truck combine, the Industrial Motors
Corporation, details of which are ex-
pected this week.
The New York herald., 1922-06-11
GAS COMPANY TO BE SOLD.
Consolidated q WIZ Purchase New
York Mutual.

The Consolidated Gas Company T. ne
gotiating for the acquisition OF the gas
manufacturing and distributing system
and al other property % the New York
NJ utnal Gas fdght Company. a special
meeting ~ the stockholders % the Mu-
tuai has been called for June 70 when
stockholders viii b. asked % vote on
the sale of the properties a. well AZ the
Glsaoiutl0n % their company. More than
half intsrag = the Mutual u owned
by the ConsoiF ed, but under rs char
ter. the Mutu.I is not permitted %
merge win Anofher corporation. Conse-
lnsutiy. any turning over " ia rrOper-
ties must hs through actual sale.
Ia - uudsr~apod that about 90 Ter
cent of thn taosT shares of outriand-
lnw Mutual stock have aFrred 20 the sale
rian II 10 believed thst the ccnHoi-
dated organization VII pay appr0xi-
nlafsiy $4,000 0bo Cor the Mutual prog
ergiaa which would BE- somewhere
around t1eN a share on me Mutual
stuck
The New York herald., 1922-06-11
Market Com ment.

1--WE would continue to exercise eau
tion, buying the good stocks only on
weak spots. Prince & Whitley.
There is no good reason why holders
should wish to sell outside OF the fact
that the upward movement has been one
continuous performance for such a pro-
longed period. Henry Clews & Co. I'VE
do not see anything in the situation TO
warrant pessLnism, but we think that
caution should be exercised at this time"
-E. r. Hutton e. Co. 1--WE believe the
main trend OF the stock market is dis
tnctiy upward. and a majority agree
that a reaction will strengthen the mar
ket materially. ."--Brumley. Chamberlin &
Co. "The pace has been somewhat too
fast, and temporary reactions sustained
In many speculative Issues have beeh
necessary TO create the strength of tech
ical position necessary in the interest OF
any constructive movement" Joseph
thai & Co. I'VE are now at a stage
that may call for caution and conserva-
tism In making new commitments. -
Munds & Winslow. "It is our belief
that the situation will develop many
new strong impulses and that the bull
movement will have a secondary phase
which will offer as many opportunities
as the present one Is Offering and has
effered."-Springs a Co. There are
several factors In the situation which
can bring considerable OF a reaction
in the present market. Trask
A Co. when one considers that the
market has been vulnerable after a nine
months advance the general list has
given good account OF itself on all
bearish drlves"--A. J. johnson & Co.
The market is undergoing a corrective
state preparatory 70 the resumption OF
the advance."--w Y. Hutton q Co.
Trading conditions may be expected &C.
prevail for a time and operations In the
market should be governed by this con-
alteration "--Tobey a Kirk.
The New York herald., 1922-06-11
AMERICAN SUMATRA ISSUE.

The American Sumatra Tobacco Com.
pany will sell. subject to the approval
OF the stockholders at special meeting
called for June 20. Al, 400 shares OF com.
mon stock at s25 a share for the pur.
pose OF raising additional working capt
tai.
The present stockholders will be given
the right to subscribe to the new stock
at that price. in the ratio of two shares
of new stock for each, five shares now
owned. They also will be asked to au-
thorize the sale to employees at s25 a
share. on the installment plan Of 5,10o
of authorized but unissued common
shares
The New York herald., 1922-06-11
TOPICS OF WALL STREET.
Maxwell Motors Position.

The Maxwell Motor Car Corporations
quick assets on April 80 stood at six TO
one to current liabilities, according TO
official information given out yesterday
At the end of March, sixty to ninety
days before their maturity. the corpora
ton took upward of s4,00O,000 of its
ready funds for anticipatory payment
of a block of its series A notes. The
company's sales and production record
for April was very high. with net profits
of more than 100000. Information
as to the results of the company's May
operations is expected to be available
in a fortnight
The New York herald., 1922-06-11
Bank CIearinEs.

Further expansion in bank clearings
all over the country marked the week
erded with yesterday. The week was
the twelfth successive one in which. bank
clearings showed improvement as COM
pared with the corresponding periods of
last year. According to the Comm ere ial
aud Financial Chronicle the total clear
Jugs for all cities increased in the
last week rs per cent. The largest
gain was in Boston, which recorded a
gain Of 22.1 per cent. Other increases
were New York. s.s per cent. Chicago.
1877 per cent: Philadelphia, 1873 per
cent. San Francisco. per cent. De-
uoit. 11.6 per cent, and New Orleans.
1873 per cent.
The New York herald., 1922-06-11
Atchison's Earnings.

On a straight calendar basis. it is
calculated that Atchisons earnings in
the first four months OF 1922 were run
ming at the annual rate of S2.2S share
on it's s225 .397,500 common stock, after
allowing for preferred stock dividend
requirements. For the three years
ended with June 80. 1917, however. the
Western railroads earned only 23 per
cent. of their yearly net operating income
In the firts four months of the year.
Assuming that such will be the case
this year. Atchison's final net income for
1922 will be in the neighborhood Of s19,-
600,0 900. or s13.4o0.00o. after allowing
for its preferred stock dividend, which
would be at the annual rate of about So
a share on its common stock
The New York herald., 1922-06-11
Rock Island Tramc Up.

Cars loaded with revenue freight on
the Rock Island lines in May indicate a
substantial increase in its earnings. COM
pared with those of May. 1921, and of
April. 1922. Loadings of all classes of
freight in May aggregated 12s.201 cars.
contrasted with 115,77s in May. 1921 !;
l0s,341 in April and l23.l36 in March.
1922. Oil loadings in May were 1900
more than those of April. General busi-
ness conditions and crop prospects in
the territory served by the Rock Island
indicate a heavy movement OF traffic in
the autumn.
The New York herald., 1922-06-11
p. & L. E. 1921 REPORT
REFLECTS BOND YEAR
Years Net Income Declines to
$2,3S4, ,96I.

The Pittsburgh and Lake Erie Rail-
roads report for 1921 sharply reflects
the business depression. which caused
the entire or partial suspension Of mines.
ovens. mills and furnaces served by it
and other railroads and resulted in the
reduction of the tonnage of raw ma
terials and manufactured products
all charges was $2.3S4,961 contrasted
with final net income of 1924, 1926 in
1920.
Its income statement for 1921 con-
trasted with that of 1920 follows:
The New York herald., 1922-06-11

J. w Bowen e. Co, new. Gloucester, Mass
Howard NJ. Scammon and Harris X. Lyle,
ma nagers.
Mcdonnell Co.. new. Asbury Park, New
Monterey Hotel; II. II. Parker, manager.
Moore, Leonard Lynch, new, Sharon Pa;
W. N. Williams. manager
Newhall, Gross & Diffenderffer, new.
Atlantic City: w. II. Harding. manager.
Solomon Bros. G. Hutzer, new, Buffalo; r.
II. Van Dusen. manager
sutro Bros. & Co... new. Rochester, N. Y;
Clute E. Noxon. manager.
The New York herald., 1922-06-11
STOCK EXCHANGE NEWS.
Proposed Dissolution of Partner
ship.
On J,ne * Eeap e xvard
Proposed New Partnerships.

G. ?. Holzderher Co., July |, 20 Broad
street; g. r. Holzderbcr, Oliver b. Bridg-
man. Charles l.. Edey and George Henriques.
Ward. Grliver & Co.. June 10. 20 Broad
street; Sidney r. Ward. Esdras l.. Gruver.
Charles r. Vogel and +. Leigh Richmond. Jr.
The New York herald., 1922-06-11
MONEY MARKET.

TINE LOANS.
Mixed collaterals. 60 to 90 days.. AZ
Mixed collaterals, to months. 80. 4hnIH
Industrials. GO TO 30 days. Az
Industrials. TO 8 months. .......... 4M34I
COMMERCIAL PAPER.
Best names. 4 10 months. . 4xmxu
Other names. 10 months. ..... 4K6lM
DISCOUNT RATE. RESERVE BANK.
Commercial paper. us days, AZ: 90 10 "a
days, Al Liberty bonds and Victory notes
is days, All 16 to 90 days, Az; bankers'
acceptances. Is TO 90 days, Az.
'Fixed November 2. Previous rate.
fixed September 81.
OPEN MARKET RATES.
Call loans and acceptances. .......
Discount rates on prime bankers accent.
ances eligible for purchase by Federal Re.
serve banks:
Bid. Ask. bid. Ask
60 days ..... SN SAI12o days........ az SI
CLEARING HOUSE STATEMENT.
Clearing House exchanges, sso5. 100 600.
balances, SEQ. 100. 900; Federal Reserve credit
balances, $3T 500, 900.
SILVER MARKET.
Official bar silver in New York, domestic.
n9Mc., unchanged; foreign, 7I7.c uncharrod.
SOC, unchanged.
Range of silver prices this year:
Highest. I,o,yest
London ......, 37xd., May % 32Id., Feb 2s
New York..". 73Nc.. May % 52Kc.. Feb, IS
The New York herald., 1922-06-11
U. s. CERTIFICATES AND NOTES.
LONDON wARKEr.

LONDON. tuus 70 --nar silver tsNs a.
ounce
naf HoiH. Nis ~
Nnrss tN rff ffnf
riacourf fmfae-~Ahorf tNiH. : tsif per caai
,hrss a.oaik bills. aAag s-Is per essi.
The New York herald., 1922-06-11
Proposed Changes in Firms.

z. C. Benedict & Co. Martin j. Quinn, Jr,
TO be admitted June Is.
Henry Clcws & Co., Charles P. Holzderber
TO retire June so.
The New York herald., 1922-06-11
New Address,
Branch omces.

George N. Hersey, at Paine. webber & Co.
25 Broad street.
The New York herald., 1922-06-11

tIncluding Federal compensation ard guar
anty for the eight months In which the rail-
Dad was operated for account of the Gov
-Debit.
The New York herald., 1922-06-11
UNITED STATES TREASURY STATEMENT.

o YosKH Hra.tp
D. c. TO-
The New York herald., 1922-06-11
FAR EAST.
CANADA.

MUM 81 900; Montreal funds in New York.
$500 discount $1,000
The New York herald., 1922-06-11
NEW YORK STOCK EXCHANGE QUOTATIONS.

,a99 1921 1920.
.i25.s74.2ss so,56s.s25 119,0s9,242h
The New York herald., 1922-06-11

aevenue receIpts ana expendItures AZ the
The New York herald., 1922-06-11

Tn
were made at price outside Of the -
Every evening, Wilmington daily commercial. (Wilmington, Del.) 1878-1928, 1922-03-04
DoUBLE.BARRELHD MAYORALTY.

Chicago is I'M the anomalous position
OF having q double harreled mayoralty,
For some reason or another Mayor
Thompson has appointed a preacher. a
Rev. Nh Williamson, To share the
responsibilities OF the position with
him. Perhaps il will not he So much
10 share the responsibilities as II will
be 10 take all the responsibilities OF
the office and let Thompson retire to
the inner chamber of the city hall and
Play politics.
II ne gives the attention he desires
10 the political end Of his Office Chica-
gos present mayor does not have the
time to devote TO its executive duties,
especially the enforcement of the Grim
iual laws. Another campaign is not far
of. and it is necessary that the
Thompson machine be kept in good
order or II might break down when the
stress comes again Nobody knows so
well az Thompson where the joints
are that need lubricating, and there.
fore this work must have his personal
attention.
BY having another man for the ex-
ecutive end Of the Office Thompson will
shift the censure that may attach 10
him for law enforcement and be able
to look his henchmen In the face and
deny responsibility He is in position
to deny responsibility when It is con
venient 10 do so and 10 accent com
mendation for the general work don,
by his alter ego.-Fremont, Neb.. Trib.
une
Every evening, Wilmington daily commercial. (Wilmington, Del.) 1878-1928, 1922-03-04
StBM RINE ~ WAR.

The Westminster Gazette prints the
The following quotation from a recent
issue of the Revue Militaire. the Of
fetal organ OF the French Ministry
OF Marine: 1T is high time We got
rid of the misleading ideas which are
prevalent regarding the use made by
Germany OF the submarine as a war
weapon. The submarine war was COM
pletely justifable
II is time also to explode the be
lief that the use of the submarine by
Germany was Inconsistent with the
usages OF the international laws of
warfare. The view, which was circu-
lated enormously during the war,
might dangerously prejudice our ma
tional defense in the future. Il
is quite unjustifiable TO contend that
an enemy merchant ship should be
warned before being torpedoed"
What then OF the Lusitania and the
whole spurlos versenkt policy? Or were
we merely misled into moral indigua-
ton at these acts?-Living Age.
Every evening, Wilmington daily commercial. (Wilmington, Del.) 1878-1928, 1922-03-04
wAAT is A CONTRACT

Tho people are informed, by pro-
night. that the garbage incinerator
at the foot of Liberty street, out of
service for some time, is to be repaired
and put I'm working condition by the
city. Also. that the contract with the
builders required the latter to keep
the plant in good working condition
for a year, and that this year of re-
sponsibility has not yet expired.
Our garbage crenatory arrange
ments for several years past have
been most curious and complicated. 1t
Is still fresh In memory how one con-
tract failed To protect the city after
the. crematory had been destroyed by
fire, the contractors even collecting
the insurance. The mystery of that
transaction has not been explained
clearly to this day.
And now we are informed that tho
city will step In and make repairs tC
garbage incinerator which, we alsc
lare Informed by city Council pro.
| ceedings. Is the duty of the contract
| Ing firm under the terms of the con.
tract. How is 1t proposed Co recouI
the city for this money outlay. II may
bc asked?
In fact, what is n contract when I
relates to any kind of construction %
operation in the very important mat
ter of providing Tor the collection ant
disposal OF garbage in this city? 81
doubt many interested citizens an
taxpayers would like 20 he enlight
cned.
Every evening, Wilmington daily commercial. (Wilmington, Del.) 1878-1928, 1922-03-04
LLOYD GEORGES NEXT MOVE.

IT would be a rash man who Ventur-
ed to predict at this distance what Mr..
Lloyd Georges next political move Is
TO be There are rumors at. the
moment that he will resign because of
"dlsloyalty" in the ranks Of the Coali-
ton. There have been equally good
rumors that he would hold n new
election in January, February, March.
April, May and June. There have been
splendid runners that he would run on
a Coalition ticket, a Tory ticket. a
Liberal ticket and a new-party ticket.
There are. however, two fixed points
in all these shifting rumors: There
must be an election within q year and
Mr.. Lloyd George intends. to win II.
Circumstan OF which he is by far
the best judge will determine all the
rest. The circumstances have changed
within the last two months Had M
BRAND remained in power and had
Genoa turned out as was planned, the
Prime Minister'S course would have
been clear: Triumphant progress in
March toward European reconstruc.
ton, followed by a spring election CIV
/ ing him a mandate to go on with tn,
/ good work.
! NJ Poincare upset that plan. Prog
ress in Europe is to be very slow, very
/ tedious, very undramatic. This mean
mains the same. Mr.. Lloyd George
might, for example, resign. Som,
good Conservative like Mr.. Balfoul
Every evening, Wilmington daily commercial. (Wilmington, Del.) 1878-1928, 1922-03-04
NEW BILL OF RIGHTS.

by applying the fire of investigation
and threatened indictments the De-
partment of Justice has been able 20
secure the consent of the executive
heads OF three international building
trade unions TO a Federal court i'm
junction directed at Number of
nation wide abuses which have grown
up IN our large cities through the
exploitation of the needs of labor, and
the public by grating leaders. grating
bosses and greedy combinations on
both sides OF the building lat or strug-
gle.
Yet the result Is gratifying to honest
men on all sides. Under the decree no
limit IL 10 be placed on the productive
capacity of the individual workman
within a given time. The employer Is
to be free TO purchase his materials
from whomever he may choose,
whether they he union mada~or Other
wise. No favorltism Is to bo shown by
organized labor toward employer or
trade association. and no dlscrimlna-
| ton is To be exercised against the indie
pendent employer. Labor organiza
lions are not to permit themselves 10
| be used by material men or coutrac-
tors as "A means OF collecting debts OF
| forcing the payment OF claims.
| The decree 10 not only. as Attorney.
General Daugherty says. 20 new bin oi
rights for the home builder. the rem
payer. the manufacturer ana the bust
moss man who has 10 build" IL is q
! protection FOR the building worker a,
| Vtn1l pfthgfifttfng
honesty for graft. efficiency for sabo
tage. genuine for spurious interests %
labor. n the decree is enforced, con
adcnce money which formerly went Il
labor bosses and burdened the building
Industry by increasing the cost Of con
struction, will be released for NOR
building. Square-dealing and friend
~ spirit may prevail In the industr
In place of the lucessant wrangling q
the past which. even though Il has re
suited in seeming victories for labot
has bred idleness. illhumor and un
happiness
. UnionIsm not only in the buildin
trades. but In all others could hay
, made no greater gain than TO hav
thrust upon II the first of the fou
Iva sic principles laid down by tn
court regarding the Limitation OF pro
. ductive capacity The protection G
b. incompetenCy and the encouragement
e OF slackerIsm under the limitation &
r production rule has won for unto
d labor more righteous enemies 'han a
r the wage and short hour demands tha
r EaVe ever been made. II has won mor
open shop sy1npathizers than the 81
g fCrts of the open shop le tders eve
y could have won. Its abolition IN buiI(
o. ing trades should set an example I
? Ian trades and will win wh,re wisdol
% takes precedence over blind belligel
70 ency.-St. l!uu!s Post Dispatch
Every evening, Wilmington daily commercial. (Wilmington, Del.) 1878-1928, 1922-03-04
THEATRES DOWN STATE.

a short time ago n fine theatre was
in Seaford. mainly for
showing moving pictures. hut ar
ranged for the presentation of other
amusements and adapted IL holding
public meetings. Within the past two
weeks three new theatres. modern in
construction and we'll fitted in every
respect. have been completed and
opened I'm three Kent county towns
North Milford, Smyrna and Harring-
ton. The latter was opened to the
public this week
These new theatres are building en-
tcrprises Of some consequence. which
add materially to the taxable basis
of the county and of the respective
towns. and are practical to this extent.
to say nothing Of the addition to the
architectural features Of the towns
which they also provide. And they are
the means of affording pleasing en-
tcrtainment to the people Of these
communities and the adjacent coun-
tryside
Human nature requires recreation
and rational entertainment, and these
new theatres are the natural response
to this desire. Each theatre, therefore
is a distinct addition TO the attractive
qualities Of the home town. while their
value as places for the assembling OF
! citizens, on short notice, TO consider
questions Of public Importance, is in
calculable
And what an advance they mark
in the general progress Of rural Della
ware. No longer may the State be-
low Wilmington be looked upon as~fr
any manner backward or lacking il
facilities for modern comfort and rec
reation.
Every evening, Wilmington daily commercial. (Wilmington, Del.) 1878-1928, 1922-03-04
BUS QUESTION BEFORE
UTILITY commission
Ask City Solicitor for Opinion
as to Their Jurisdiction
in Premises.

The Board of Public Utility Com
missioners at their meeting last night
passed on a resolution requesting City
Solicitor Satterthwaite to give them
an opinion on the question Of wheth-
er the board had jurisdiction over the
bus line. 1t YVES the opinion Of sew
eral of the members that the buses
could be called public utilities" Not
until an official opinion is given by
City solicitor Satterthwaite will the
status Of the case be decided.
The committee appointed two nights
ago by the Delaware Omnibus PrOtec
tive Association did not appear last
night. According to S. c. White, sec
rotary Of the association. it was the
intention of the committee to present
their claims at the meeting.
The Wilmington and Philadelphia
Traction Co. submitted their semi-an-
nual statement for the six months end
ing December 81, showing the, i'm
provements and extensions made by
the company. The statement showed
additions TO capital. $S4.052.25: prop
erty retired. S57.14O13. net additions
to valuation of railroad property. $685.
91212.
The statement Of the Wilmington
Gas Company for January, which was
presented. showed that the total cost
of gas, including expenses and in
terest charges was $S7.57S.71;. the
total revenue OF the company. 1884,,
6T7.91; operating expenses including
taxes and depreciation, s6S,234.43
net earninges, SEC ,4434S; deductions
S19.SS9.2S. Surplus for January
4 $7,104.20.
D.. Willard S. Seidel, resident al
: Richardson Park. in communicates
to the Board, asked that an investiga-
ton be made of a charge of $40 inn
posed by the Wilmington Gas Com
pany. for making a gas connection I,
| his house. The Commissioners psinte'
= out that their jurisdiction rested onl.
2 within the limits OF the city.
The board, when it meets again, vii