davidaulloa/AmericanStories huggingface dataset:
Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1922-03-03

elusive.
we also found the County Treasmr-
err Carl Buckentin, charged with the
tax levy for 1920, as per report above.
Said Board further examined and au-
dited the account books and vouchers
Of said Treasurer and counted and az
certained the kind and amount or
funds in the County Treasury and be-
longing thereto as per report hereto
attached. The said Board also checked
the books of the County Auditor ana
same balanced with the County Treas
o. N. DOHLEN, Board
Chairman County Board or
c. r. WOLLTHAN, Audit
County Auditor Stevens
E. C. GILBERT County
Clerk of District Court
To the Honorable County Board.
Stevens County, Minnesota.
Gentlemen:
The undersigned Board of Audit OF
said Stevens County, met at the office
of the County Treasurer of said County
on the 28th day of December A. Dr.
1921 for the purpose of examining
and aduiting the accounts, books and
vouchers Of Carl Buckentin, Treasurer
ofsaid County, and to count and as
certain the kind and description and
antc unit of funds in the County Treas
ury and belonging theret0
We respectfully make the following
report thereon:
Balance in Treasury February 28th,
1921, date of last report $143,O5S.M
TreaSurerS receipts from
March LIST 1921 m Nav
Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1922-03-03
FEDERAL ROAD AND BRIDGE
Construction
40

No. of To Whom For What
Warrant Issued Purpose
1898 Foley Bros. Part pay
ment on contract -. s
1928 Foley Bros. Part pay
ment on contract ...
1896 Foley Bros. Part pay
ment on contract -.
8940 Leo Staples Labor ....
91O3 Foley Bros Part pay
ment on contract -.
9166 Foley Bros. Part pay
ment on contract -.
9215 Foley Bros. Final pay
ment
Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1922-03-03
$S1,937.16
Engineer Expenses
m

Engineer Expenses
F. A. p. 0S
No Of To Whom For What
Warrant Issued Purpose Amount
W. A. Hunt Salary Of Engine
er .'''.s''.s.. $41SszS
W. A. Hunt Expenses of
Engineer ............ 1886
A. B. Hunt Salary Of Assist
ant Engineer ....... 1871
1899 Leo Rudnicki Chairman 1925
man ................ 1870
9427 Leo Rudniclxi Chairman $50
R8S1.1S
r. A. p. No. LII
No. of To Whom For What
Warrant Issued Purpose Amount
W. A. Hunt Salary Of Engine
or S1V8'yI
r. n. Fitzgerald Inspector .. $500
A. b. Hunt Salary Of Assist
ant Engineer $3.50. 1900
Frank Rudnicki Rodman $50. $500
Leo RHdnicki Chairman 1850. 1850
Sg74.4T
Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1922-03-03
FINANCIAL STATEMENT
Cont from the proceeding page)
school Districts - Cont.

No. of To Whom For What
Warrant Issued Purpose Amo
The New York herald., 1922-11-15
Cudahy Packing s1fa.

Cudahy Packing Company sinking
fund 51s per cent. gold debentures due
in 1887 are quoted at par, netting the
investor return OF $50 per cent. These
debentures are outstanding in the
amount OF s15.000,00o and are subjected
to a first mortgage on the properties in
the amount of s10650,000. The COM
pany agrees not to place any new mort
gage on its present properties without
including these debentures in the lien,
and that ii will at all times maintain
net current assets i'm an amount equal TO
at least one and one-quarter times the
face value of these bonds outstanding.
The company Is one of the largest pack
ing house concerns in the United States,
with plants in FIVE large cities and 11O
distributing houses throughout the
United States. It's financial statement
as OF October 90, 1921, shows tangible
assets applicable to funded Indebtedness
OF nearly s53,000,000. Earnings appli-
cable to interest, after taxes, deprecia-
ton and inventory adjustmepts for the
six years ended October 90, 1921, aver
aged moro than s4.000,00O, while inter-
est charges were s1.733,000.
The New York herald., 1922-11-15
Erie Lighting Company.

Public utility investors not satisfied
with the yields offered by the securities
of the larger corporations can find many
conservative investments among bonds
OF the smaller companies. These bonds
are outstanding in comparatively small
amounts and therefore do not enjoy an
active market as a rule, but in most
cases they are rated as to safety of in
terest and principal just as highly as
the larger issues. A good example is
Erie Lighting Company first mortgage
5s due in 1867, which can be purchased
at prices to yield about 5.3S per cent.
on investment There are outstanding a
little less than s3,000,000 OF these bonds
which are secured by first mortgage
on the entire property of the company.
including a new generating station. The
company has a complete distributing
system. about 46id miles of high tension
transmission lines, substations and
other equipment. Tho bonds are further
secured by deposit OF collateral. The
Erie Lighting Company supplies electric
light and power In Erie, Pa. In the
Borough OF Northeast and intervening
territory. 1t also supplies a large num-
Der OF Industrial plan and also local
lighting companies in Cory and Union
City In Pennsylvania W operates under
perpetual franchises.
The New York herald., 1922-11-15
City OF Copenhsren.

In connection with the City OF Copen-
hagen 51hs, which at present prices In
the New York Stock Exchange WELD
eco per cent. a state
ment of that city's accounts just issued
is interesting. Copenhagen is one of
the few municipalities of Europe that
has been able In the past year to
balance It's budget. For the twelve
months TO March 30 the citys accounts
showed a surplus of s.93s.6le kroner.
The city's income was 100000 kroner
over estimates, while expenses were
1900. 900 kroner below earlier indications.
The surplus shown Is said to have been
due to a drop in commodity prices.
which permitted a reduction in the
wages OF municipal employees and also
tho purchase OF much cheaper coal for
lighting plants. The munich
pal traction system, which had a deficit
of 100000 kroner in 1921. was able 10
show deficit OF only $40, 900 kroner. The
city authorities have transferred 1900 ooO
kroner of their surplus TO contingent
funds for tax deficiency and $500. 900
kroner to extraordinary amortization
funds,
The New York herald., 1922-11-15
GREEN STAR LINE
Is TO REORGANIZE
Plan Calls for Sale of Income
Bonds--Present Bondhold-
ers to Get Stock.

A plan for the reorganization of the
Green Star Steamship Corporation was
made public yesterday by the first
mortgage bondholders' protective COM
mittee. The plan describes the present
status Of the corporation and its prop
critics and the method by which the
committee hopes to rehabilitate the en-
terprise.
Income bonds will be sold to provide
new money and the plan also contem-
plates the acceptance by the present
bondholders of common stock of the
new corporation In lieu of the old bonds.
The purpose OF providing income bonds
for the new cash>and stock for the old
bonds is to place the vessels of the COM
rany in operation as soon as opportunity
presents itself without a heavy load of
fixed charges. At the same time 1t VIII
be recognized that the ships are IN
reality owned by the old bondholders
subject only to the claim of the new
money. The amount of income bonds
tc be sold will be less than $1,OOO,000.
The committee has negotiations under
way looking toward the operation of the
ships The reorganization will make il
if and when the negotiations are con-
summated.
Bondholders who have not deposited
the old bonds may take advantage of
the reorganization plan by depositing
their old bonds with the Equitable Trust
Company of New York as trustee on or
before November 20, 1922 Holders OF
the old bonds will be asked to subscribe
to the new first mortgage income bonds
which will be issued to cover liens now
ahead of the old bonds at 100 and ac-
crued interest.
The property of the Green Star Steam
ship Corporation was placed in hands OF
receivers in October, 1921. At the time
of the appointment of the receivers the
corporation owned thirteen vessels, and
it also owned oil the capital stock of the
Imperial Shipping Corporation, which
held title to five additional vessels. Nine
of the vessels were covered by the first
mortgage. 1t is estimated that 1t will
require approximately 100000 to put
the vessels into proper condition for
operation.
All the nnortgaged vessels will be Of
fered for judicial sales as soon as pos
sible. Two of the vessels either will be
permitted to go for cash at such sale or,
if bought in on behalf of the committee.
will thereafter be sold for cash to pro-
vide portion of the funds necessary for
reorganization. The remaining vessels
will be bought in on behalf of the COM
mittee and win be transferred to a new
company. No provision has been made
in the plan for securities or obligations
of the Green Star Steamship Corporation
other than the first mortgage bonds,
both eerial and sinking fund issues.
The New York herald., 1922-11-15
Traction Bonds.

That traction bonds secured by liens
on sound property values ultimately VIII
be restored to their former position OF
strength Is the opinion of one specialist
who is a recognized authority on the
New York City traction situation. In
view of the decline in local traction
bonds as a result Of the change in the
State Administration by the recent cleo
ton a circular just issued by TINS
authority is interesting to holders OF
those securities. He believes that one
of the first acts of the new administra-
ton will be the abolition of the present
Transit Commission, but owing to the
extremely low valuations placed by this
commission on traction properties, lts
elimination will not In any respect be
a drawback to traction bonds. AS the
commission was, not empowered by law
to condemn property any plan FOR uni
fcation of the lines would necessitate
the unanimous consent of all companies
interested Such consent, the circular
says, would be practically impossible to
obtain at present owing to the splendid
come back" that the lines are making,
as indicated by large increases In earn
ings statements. Probably the strongest
argument in favor of the fractions, 1t
is asserted, is that under the Constitu-
ton of the United States private prop
erty can not be confiscated. Values
can not be arbitrarily destroyed. AS a
refutation of claims that the surface
and elevated lines are becoming obso-
lete a comparison of the total of revenue
passengers carried by the Lexington
Avenue Line (surface) is given. For
the fiscal year ended June 80. 1917,
24,66S,246 revenue passengers were
carried, against 30,a50,s99 for the fiscal
year to June 80, 1922.
The New York herald., 1922-11-15
SIOUX CITY PUBLIC
UTILITY OFFERING
Gas and Electric 6s Put on
Sale at SO 1-2 and Interest
to Yield COS P. C.

Halsey Stuart Co. are Offering at
99h and interest yielding about sos
per cent. $3,500,0O0 Sioux City Gas and
Electric Company first mortgage per
cent. gold bonds series A due September
l, 1947.
Through recent acquisitions this COM
pany will hereafter do all the gas, electric
light and power business of Sioux City,
Iowa, through stock ownership, also will
control the street railway and central
heating business of the entire COM
munity.
The new bonds which are nom
callable for ten years except for sink
ing fund. are being offered largely to
finance these acquisitions and are se-
cured by first mortgage on all the
properties of the company.
Gross earnings of the properties
now comprising the Sioux City Gas
and Electric Company for the twelve
months ended August 81, 1929. were
reported as s1,S09.56 and net earn
ings as s559,451. Interest on the
outstanding bonds OF the company upon
completion of this financing will be
$270.000 annually.
The New York herald., 1922-11-15
INVESTMENT NOTES.
Municipal Ronds.

Municipal issues are in a very inter-
esting position at this time because OF
the possibility OF the adoption OF legis-
lation prohibiting the issue OF tax ex-
empt securities. Such action, of course
has been discussed for number or
years but recently sentiment in favor or
It appears to have grown stronger and
even among municipal bond specialists
there is a disposition to treat the matter
seriously. Certain municipal authorities
openly advise the purchase OF tax ex-
empt municipal bonds as a speculative
investment with the idea of subsequent
ly selling them at much higher prices
to large investors. should the law go
into effect. In the words Of one author
ity, the investor will profit either way,
as he will make speculative profit IL
the bill is adopted, and have his money
we'll invested IL the movement to tax
and State bonds mover mater
ializes. Municipal and State bonds ex-
empt from Federal taxes are selling at
prices to yield from about $50 to slight
ly under 5 per cent. A selected list fol-
lowe: State of New York 5s.
due 1854. yield $50 per cent. state OF
Michigan As 1882, 4.05 per cent. State
OF Missouri 5s 1888, AIS per cent. !;
State of Oregon 41as 1888, 4.25 per
cent. State of Washington 51ss 1e4l.
AIS per cent. City of Toledo 5s 1925
to 1882, 4.30 per cent; New York City
corporate stock AIS. 4.15 per cent. I;
CITY of Buffalo 31as. 192S-24, 3.95 per
cent. Westchester County 41as 1923-34,
3.s5 per cent. City of New York 4As
1860. 4.O3 per cent. City of Bethlehem,
Pa. 41ss, 1945-4S, 40 per cent. Hudson
County 4hs 1950-71, 40 per cent. !;
City of Boston As 193S-67, 3.S6 per
cent. Baltimore County. Md. 41as 1927
So, 40 per cent
The New York herald., 1922-11-15
PROPOSALS.

4 THE PENNSYLVANIA RAILROAD COM
PANY requests bids under Section 10 OF
the Clayton Act, Contract Serial No. 5OlS,
for:
vania system specifications 9. u. asa,
grades Nos. 4, ., 9, and q, delivery
into y. II. II. tanks Greenwich, Phlla-
delphia, Pa, as may be required during
balance OF year 1922 and first quarter
OF 1928.
Q plds must be submitted on or before noon.
Eastern Standard Time. December l., 1877,
aud will be received and opened by Mont
gomery Smith, Purchasing Agent, N. w.
Corner nth Fllbert Sts. 9th floop J,
philadelphia, Pa, where full detailed IN
formation may be obtained.
3. Company reserves the right TO relect any
and aIi bids or TO accept any part OF any
THE PENNsYLvAN1A RAILROAD
COMPANY.
November 1tth, te22.
The New York herald., 1922-11-15
Average Bond Prices
Tuesday, November IL, 1922.
BOND NEWS AND NOTES.

Heavy selling developed in yesterdays
bond market and carried most issues
sharply lower, many foreign bonds
making new low records. French Re-
public IS dropped about 2 points to 93A.
while other issues, such as Belgian
755s and SIS, Brazilian IS. Czecho-
Slovak IS. Dutch East Indies 6s. &C..
were in active supply Libertys were
under heavy pressure, especially in late
dealings, and fell more than 40 cents
in some cases. The Government 4Hs
got down to $3.50 and the tax exempt
81 fell below 100.25. There was con-
siderable unloading of both rails and
industrials throughout the session. st.
Louis-San Francisco income 6s, Mis-
souri,, Kansas and Texas adjustment 5s.
the Eries and Seaboards suffered sub
stantial losses. The traction list was
weak. particularly Third Avenue adjust
ment 5s Steel bonds were weak. The
days turnover was close TO SIS, 10000
The New York herald., 1922-11-15
BANKERS TO DISSOLVE FIRM.
Bern ha d-ScboIle Partners
Form New Organixntfons.

The co-partnership firm OF Bernhard,
Scholle & Co, investment bankers. will
dissolve by Limitation on December 81.
The ten partners will organize three sep
arate firms as follows:
Bernhard. Schiller & Co. will be COM
posed of A. Bernhard. J. w. Schiller.
Edgar S. Baruc. Norman X. Toerge. Ed
gar b. Bernhard, with Arthur j. Rosen-
thai as special partner.
Scholle Brothers will be formed by w.
d. Scholle. W. ]. Fishman. Morton II.
Fry and Alexander Herman. This firm
will specialize In bank acceptances and
investment securities.
Partners of Bernhard, Scholle & Co,
resident in London. namely Lawrence l..
Tweedy and Herbert Rothbarth. will
form a co-partnershlp to do a general
banking business there.
The New York herald., 1922-11-15
ELECTIONS AND MEETINGS.
TO THE STOCKHOLDERS OF
THE CORN EXCHANGE BANK
oF NEW YORK

OF NEW YORK:
A Special Meeting OF the stockholders OF
The Corn. Exchange Bank having been re-
quested by at least twenty stockholders hold
ing an aggregate of at least one-fourth OF
the existing shares of this association, notlce
IL hereby given you that a Special Meeting
OF the Stockholders OF The Corn Exchange
Bank. New N~.S City. will be held at the
Banlfing House. f3 William Street, Borough
OF Manhattan, City of New York. on Thurs
day, November 23rd. 1922, at IL o'clock In
the forenoon.
At said meeting a proposition will be sub
nnItted and voted upon TO Increase the Capi-
tai stock of said bank from Eight Million.
Two Hundred and Fifty Thousand dollars
(ss. $50. .OOO), to Nine Million, Seventy-five
Thousand dollars (s9.075. COO, by the issue
OF $3.50 additional shares OF 800 each TO be
offered to stockholders at par In proportion
10 the stock already held by them.
WALTER u. FREW, President.
EDWARD s. MAILMAN, Cashier,
October o5th, 1922. Acting as Secretary.
The New York herald., 1922-11-15
FINANCIAL NOTES.

Mcdonnell q co. have issued a circular
giving details OF current rights and sub
scription warrants.
Day & Heaton announces that G. wickiiffe
Throckmorton has become associated with
them.
Haligartcn e. Co. hRvc prepared n booklet
descriptive OF about twenty investment Sc
curitics.
J. @. white 4 co. report that books on the
offering of East Penn Electric Company
first preferred stock have been closed.
The Columbia Trust Company has been sp-
pointed registrar ~ ths prefcrred stock Of
the Kentucky Public Service Company.
The New York herald., 1922-11-15
WALTER A. wOOD MOVING AND REAP
ING MACHINE COMPANY
Ifirat Vefuudtur Mortrage Gold Bonds.

Notice is hereby given pursuant 20 the
dated June l. 1905, to the Security Trust
Company OF Troy as trustee, that the follow
Ing bonds have this day been drawn for re-
demptlon, VIZ. o. II. %, 80, 81, "a, 156, l6o.
S27 $50, sSs. 9i6. 94i. 9i2, 1889. 154o. The
interest on same will cease on December !,
1929, and the principal OF the bonds Will be
turers National bank OF Troy, Troy, ~. v.
THE MANUFACTURERS NATIONAL BANK
or TROY. Substituted Trustee.
By GEORGE y. HARE. Trust officer.
Troy. ". X, November 0. te22.
The New York herald., 1922-11-15
TORONTO RAILWAY COMPANY.
NOTICE TO HOLDERS
OF 4keo
Toronto Railway Company Bonds due
A.....t qf.t 1901

Toronto Railway Company. Bonds due
August 31st, 1921.
NOTICE Is given to holders OF the above
mentioned bearer bonds, payable In New
presentation and surrender thereof 20 the
Company's bankers, The Canadian Bank OF
Commerce, 10 Exchange Place. New York,
on and after November 4th, 1922, together
with accrued interest at go per annum from
the last date upon which interest was paid
TO tho date OF payment. IL not presented for
payment on or bsfore 2sth February. 1928,
interest thereon win cease.
The Company gratefully Acknowledges the
forbearance shown by Its bondholders.
J. e. GRACE, Secretary.
The New York herald., 1922-11-15
FOREIGN MARKETS.

LONDON. Nov. i4.--%silt edge securities
were firm on the Stock Exchange to-day
OH shares we're steady. and British In
dustrials firmer. Quotations were as follows
Bar silver, 32fid. per ounce.
Bar gold, a2s.
Money, per cent.
Discount rates: short and three months
bills, 2fta2% pec cent.
Two and half per cent. consols, 5Tz.
British B per cent. lonn, eoK..
British AZ per cent. loan, e5.
DO Beers, 11h.
Rand Mines. ~.
The New York herald., 1922-11-15
Kansas City Offering.

Brandon, Gordon & waddell are offer
ing a new issue of $250,000 Kansas City,
Kan, per cent. Improvement bonds,
due August l. 1923 TO 1882, inclusive.
They are legal investment for savings
banks and trust funds in Connecticut,
New Jersey. &c. exempt from all Fed
eral income taxes and are offered at a
price to yield ABS per cent.
The New York herald., 1922-11-15
Offer Cedar Rapids Bonds.

p. w. Chapman & Co. are offering a
new issue OF 100000 Cedar Rapids.
Iowa, water works Az per cent. bonds,
dated June Is. 1922, and maturing
serially $4,000 June Is, 1923, to June
Is. 1912. At the offered price the bonds
yield AIS per cent. The bonds are legal
investment for savings banks in New
York, Massachusetts and Connecticut.
The New York herald., 1922-11-15
Tide water Power Co.

Hemphill, Noyes & Co., on behalf OF
syndicate consisting of Coffin & Burr,
Inc. Otis & Co., Stroud & Co.. Inc. and
themselves, which offered $4,000, 900
Tide Water Power Company first lien
and refunding mortgage gold bonds. an
nounce that the issue has been over
subscribed.
The New York herald., 1922-11-15
DIVIDENDS.

Stock of Pay
Record. able.
Chicago, Rock Island and
Pacific 20 pf., s-a, $3.50. Dec. Dec 80
Chicago, Rock Island and
Pacific Sc pr. s-a. 81. Dec. Dec 30
.i9-4?s ...-..;..........: NOV. 80 Dec. Is
Elk Horn Coal Corp. pf..
o.. 7oc..............,... Dec. Dec. IL
Fame Players-Lasky
Corp. q. So. ........... Dec. 10 Jan. 2
Libby Ovens Sheet Glass
Go. .....;......;....:.....N Nov. p .......
Nebraska Power Co., pf.. O.,
sl;7o :..:....... 80. Nov. IS Dec
Phillips Petroleum Co., O..
SOC. .s.............,.......D Dec. 10 Jan. .
WAYNE Coal Co, O.. So. Dec. Dec. Is
800 .....-................D Dec. ~ Dec, 30
The New York herald., 1922-11-15
100000 Road Issue.

r. NJ. Grant & Co., Inc, are offering
100000 Dickenson county. Virginia,
5 u per cent. road Improvement bonds,
due July 1, 1882, and optional in 1927.
at price OF 1925 and interest to yield
about 5 per cent. TO optional date and
$50 per cent thereafter.
The New York herald., 1922-11-15

on the Bourso to-day. Quotations we're as
follows:
Three per cent. rentes, 50 francs.
Exchange on London. 66 francs 40 centirnes.
Five per cent. loan, Is francs IS centines.
United States dollar. u francs. 90 centimes.
The New York herald., 1922-11-15
Jackson, Miss. Bonds.

Caldwell & Co. are offering to-day IN
issue Of s166.500 city of Jackson Miss.
~ per cent general obligation street
paving bonds, due July /. 1882. to yield
AIS per cent.
The New York herald., 1922-11-15
THE DAYS CUSTOM RECEIPTS.

Receipts for duties at tho Custom House
yesterday were 81 1,11O.1f3.T5, OF which si44,-
bonded warehouses and s905o30.G0 for re-
cent lmportationB.
The New York herald., 1922-11-15

For Help that Is full Of "pop" and dni-
bittor put your Want Ad. IN THE NEW
YORK HERALD. It's QUALfTY-0UAN-
TITY circulation brtn0s a N1h typs or
,rultes Telephone worth 10000.
The New York herald., 1922-11-15
U. s. CERTIFICATES AND NOTES.

The Treasury Department offers 90 redeem
United states Treasury 3is per cent. and ~
per cent. certificates. due December fJ 1927
and Victory note ~ per cent, called for
payment December 15. 1922. at 100 and in
terest NJ any time before maturity.
Acceptable IN payment of Federal taxes
on the dates OF maturity.
The New York herald., 1922-11-15
CANADIAN PACIFIC RAILWAY COMPANY
BROOKLYN EDISON COMPANY. NC.
BROOKLYN. ". v.
LEGAL, NOTICES.

NOTICE rs HEREBY GIVEN that YOUNG
BROTHERs OF Cos Broadway, en- the 1sth
mark ''pObLN HOOD for mems hats. IN
the office of the Secretary OF State OF the
state OF New York.
YOUNG BROTHERS,
COS broadway. New York. N. Y.
The New York herald., 1922-11-15
UNITED STATES rRE-wAR BONDS.

Bid. Ask Bid. Ask.
- '3o. .io2h 1o5Ml p I ss. 34. p2 p5
- fe. ~ % p "a. '35. W o.
y - '36.i02h i03Nl DofC 81 '65 es 100
y Dc 81. 0i o9is 'IIw 5s, '4i.f75
q ~. ,io2H lo5isi'P Il As. '3e.f75 :.
The New York herald., 1922-11-15
NEW YORK SOCIETY ron RELIEF OF
WIDOWS AND ORPHANS OF
MEDICAL. MEN.

Annual meeting at Academy OF Medicine.
~ West 4Jd ST., Wednesday. November 10.
1922, j. NJ.
The New York herald., 1922-11-15
BONDS IN STOCK EXCHANGE
TUESDAY, NOVEMBER IA. 1922.
Closing Sales

| RANGE OF UNITED STATES GOVERNMENT BONDS
The New York herald., 1922-11-15
New York CityrAti Coast Line

Adams Ex Co
IL A. aAN0
The New York herald., 1922-11-15

Continued on Following Rage.