davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-08-01
Gray 4 Davis Financing Reported.

1t was reported yesterday that the
sudden and unusual strength and activ-
ity in the shares OF Gray a Davis, Inc,
which advanced more than points 10
10. was the result OF what Wall Street
likes to term window dressing" IN prep
aration of some financing. This financ-
ing II was said. viii take the
form OF a bond issue and win be
done for the purpose ~ funding
the company's present floating debt
Inquiry OF local bankers who are
understood TO be interested IN the
reported financing refused yesterday 10
discuss the matter. They would neither
confirm nor deny the report. II was said
the company has some large bank loans
which IL desires 10 take care of
through n fuLding operation. portion
of this debt. II is understood, ~ owed
TO the American Bosch Magnetic Com
pany. which made an operating and
sales agreement with Gray a Davis
some time ago. and which. II IA under
stood, extended some loans AT that time.
The New York herald., 1922-08-01
Mexican ou oatpa, Down.

The effect a. the closing down cf a
number of wells IN the Toteco-Cerro
Azul district of Mexico since the intru-
sion of sal; water III the field was shown
yesterday, when hgures on production ~
light oh in that country for the week
ended July % were made public. Dur
ing that period. the figurrs revealed. pro-
ductlon declined ia. 900 barrels daily 20
i.9g9. 600 barrels. Toieco's average
was l4G. 400 barrels day compared
with sea. 600 barrels for the week ended
July 2, prior 10 the appearance Of salt
water lin large quantities There was
also decline In the production of heavy
oil which averaged $4,000 barrels, a
drop OF $4,000 barrels from the preced-
ing week. A few companies, however
registered gains In production. Notable
among these were Standard Dh Com
pany OF New Jersey. Texas Conpanw.
Mexican Boston Company, sinclair in
the Panuco field and one or two others.
The New York herald., 1922-08-01
TOPICS OF WALL STREET
nroelrya Rapid Transit.

Talk of q lifting of the recelyership
u the Brooklyn Rapid Transit Company
ard a reorganization o. the company on
a stable basis has been revived as a re-
suh ~ the continued excellent showing
~ earnings Earnings during June.
Published late last week. were equiva-
lent % more than 4 per cent. on the
outstmnding capital stock. The surplus
after charges for the year ended June
no. amounting 70 ss.0sT.tis. Is suffi-
sient A. liquidate about 10 per cent. or
thm eao 0op. .0oo accumulated interest
charges on bonds and notes. The princi-
pai stumbling block IN the way OF an
immediate reorganization and lifting OF
the rtceivershlp is the Sis.00o.0 900 Of re-
ceiNrrM certificates outstanding.
The New York herald., 1922-08-01
MensGem@ry ward sales IN.

Net profits o. Montgomery. ward a.
CO. during the nrns six months Of this
year were si.2ti.tlT after charges for
depreciation. taxes. &c. which compares
With q net loss ~ S2.s7s,009 IN the cor
Responding period o. last year. A large
part ~ the Improvement could b. traced
"a two sources nrst n substantial In
crease IN sales and second the necessity
= year aSo 81 setting up huge sums for
reduction u inventories which was
not apparent IN such a large degree
this year. although some further reduc-
tions were made. sales FOR the half
year were sss.aSo.siG. an increase of
about iAA per cent. and the number
~ orders s.ssI6as. ~ more than 80 per
cent. ahead ~ year ago. establishing
4 new high record Cor the frpt half OF
any year.
The New York herald., 1922-08-01
csass,isa,ea cisar. Position.

The balance sheet or the Consolidated
cigar Corporation ~ of May 81 shows
cufrent assets exceeding current La
buities hy s3s00,ooo. Included IN the
column ~ current assets is SIsz.oo0
cash on hand. - well a. leaf tobacco.
cigars Nc.. which are carried In the In
yentory "a cost. A large part of the stock
~ leaf tobacco = worth at current mar
ket prices materially In excess ~ the cost
price ~ which u ~ carried according
10 interests Identified with the company.
The New York herald., 1922-08-01
Call Money FIrmer.

Some of the last hour irrcgularlty' IN
stocks was due TO the hardening ~ the
call money rate, although in conscrva-
tive quarters the. furry was not re-
garded as being significant. Call money
in the New York stock Exchange opened
and renewed at az per cent. and thon
advanced by stages TO per cent. nj
which level II closed. The time money
market continued distinctly easy with
short terms loans commanding 3A per
cent, and longer accommodations from
to Az per cent.
The New York herald., 1922-08-01
TRACTION EARNINGS BETTER.

A net corporate income OF si,si2,5Sl
for the year ended June 30. 1922, rs
compared with deficit OF s350.s5S Tor
the previous twelve months. was shown
in a financial statement made yester-
day by the Brooklyn City Railroad
Company.
The New York herald., 1922-08-01
GENERAL ELECTRIC co.
PAYS SI,OII,56S BONUS
Carpet Mill Employees Also
to Share in Profits.

SCHENECTADY. ". ". July 5i.-The
General Electric Company announced
to-day II has paid $f.01f.56s 10 en-.
ployees Of It's plants who have been in
the company's service Ave years 81
more. The sum represents per cent.
OF the earnings OF the employees FOR the
six months ending June 30.
Employees OF the Schenectady works
and offices received approximately $500
900, those in Lynn. Mass, 100000. those
In Pittsfield, Mass. $9f. 900 and the lamp
works $122.000. District and general or
fees received s1S2.00o.
Thousands OF employees Of the Alex
ander Smith " Sons Carpet Companys
mills IN Yonkers, n. ", are 70 share
in the distribution Of a total ~ about
900 to he distributed to-day as
semi-annual bonus.
The bonus Is 10 be paid In accordance
with a custom inaugurated by the COM
pany eleven years ago of paying em-
ployees as bonus n percentage of the
pay earned for the previous six months
The percentage paid is determined ny
the length Of service with the company.
The New York herald., 1922-08-01
LONDON WOOL AUCTION.

LONDON. July 81 i.-Theie were II 400 bales
,fferad al the wool auction sales to-day. y
was a good selection and trading was anil
The New York herald., 1922-08-01

mated. with all quarters buying freely at
fun current rates. American buyers secured
several lots OF West Australian greasy comb
ings UP to "a. 2ho.'
The New York herald., 1922-08-01
YORK STOCK EXCHANGE QUOTATIONS
MONDAY

1881. 1880.
iOi.liT.6si iSs.sio.ssat
5gsa- i..sh- -. Ls-' -, .s' ,as * -. ~.
The New York herald., 1922-08-01

ffx stock stock
at price out o
The New York herald., 1922-08-01

1922
l5T.lAs SO
The herald and news. [volume] (Newberry S.C.) 1903-1937, 1922-06-23
KIWANIS NOTES

g q 8 o (. ., (. o o . g % . 9 9 8 9
The regular meeting of the Kiwanis
club was held in the Hotel National
on Thursday, the 18th.
Marion Davis had charge of the
meeting, and made il one of the best.
He showed his wisdom in inviting, and
having with Us as honor guests Dr.,
Cromer, ex-president OF the Rotary
Club, and DR.. Walter Hunt president
of the Oakland Cottn Mills.
During the luncheon, the singing
lead by John, the prize singer, was
feature of the meeting.
After the eats, DR.. HINT was called
on, and made an earnest plea for the
support of our College. New0erry
College, and referred particularly al
this time to an approaching campaign
in the interest of much needed gym
nasium building. Dr.. Cromer made
an inspiring talk on the Field fer ser
Vice, which Rotary and K;wsnis clubs
have in Newberry.
Oswald Copeland won the atten-
dance prize given by Will Cromer.
which he refused to show to any one.
He is not blamed for this as the last
time he won prize it proved to be a
box of cigars, which he opened in the
meeting, much to his sorrow and loss,
The favors, given by John Settler,
were soap-lemons, and it is felt that
there must have been method in his
madness, and that the individual
memyers, and possibly the community
at large will be much benefited by his
excellent choice.
All members, who were present ct
the last meeting seemed hungry for
a repetition of the delightful enter
tainment furnished by Mrs. Carlisle
of the Beth Eden section, and when
Gene suggested that we meet in III
country at the next regular meeting
a motion to that effect was made,
tand carried unanimously.
Mac, our genial secretary, as usual
did not let the occasion pass without
bringing up several matters of inter
est, which were properly disposed of.
The next meeting is scheduled for
June 29th.
The herald and news. [volume] (Newberry S.C.) 1903-1937, 1922-06-23
SERVICES OF
LITTLE MOUNTAIN CHURCH

Little Mountain, June 22-The
Holy Trinity Evangelical Lutheran
church was crowded to overfowing
last Sunday, June 18th, when the
dedicatory services were held.
A well planned program had been
arranged and was very successfully
carried out. Immediately after Sun
day school the dedicatory services
were begun. The pastor, DR.. J. J.
Long, followed by DR.. A. G. Voigt
Rev. H. j.. Black, DR.. P. E. Monroe:
Rev. j. c. Wessinger and the officers
of the church came in procession
to the entrance of the church and
here the services were begun accord
ing to the form in the Lutheran corr,
mon service book
After a. beautiful anthem, 80 come
let US" by the choir and scripture and
prayer by Rev. J. C. Wessipger and
DIR. P. E. Monroe the church was ded-
lcated by the pastor of the church,
DR.. j. j. Long.
Then followed the dedicatory SER
mon rendered by DR.. A. G. Voigt
dean of the Theological seminary. DR..
Voigt commended the pastor and con-
gregat:on on the erection of so beau
tiful church and in very stirring
words urged the people to dedicate
themselves to service Of God even az
the church.
During the offertory the choir rem
ydered another beautiful anthem, ~
Was Glad"
There was an intermiss;on of one
hour and half for dinner which was
served on the grounds. In the after
neon thanksgiving service was held
At this service another pretty an
them, >"Rejoice the Lord Is King"
was rendered by the choir. Then the
history of the church since its foun-
aation was given by Mr.. w. B. Shea
~. He told of the services Of all of
the pastors since its beginning thirty
years ago.
The sermon at this service was
preached by Rev. H. J. Black, presi-
dent Of the synod. With much force
and effect Rev. Black impressed the
people that it is useless to dedicate
a church to God unless the people are
likewise dedicated.
DR.. P. f. Monrna Nga,,a 2 few e.
marks in when ne told, in compliance
with the requesc "f the joint c.::1nc;is
of Holy Trinity and Macedonia
churches, o. the deep satisfaction. az
probation and heartfelt grate1ulness
Of the people IN ha ing had rne ser
vices of so excellent 4 pastor fo- ten
years.
He stated that the salary was dou-
bic what it had been when the pas
tor began his services and that the
council had authorized him to state
that it would be two hundred dollars
more. He expressed 20 the pastor
the peoples wish that he had just be-
gun to live with them.
After the services came to an end
all who were present went home with
the feeling that the highest anticipa-
The herald and news. [volume] (Newberry S.C.) 1903-1937, 1922-06-23

cation of our church.
Mr. and Mrs w. I. Shealy. Jr, Of
Ninety Six visited the latter's par
ents, Mr.. and Mrs j. H. Stockman
last weekend.
Rev. H. J. Black of Columbia spent
Saturday night with Mr.. and Mrs. W.
B. Shealy.
Mrs. Lizzie Latham Of Columbia
spent last week with Mr.. and Mrs.
J. H. Wise.
Misses Ora and Myrtle Davis and
Nell Brady We're the guests Of Misses
Lucy and Ada Brady last weekend.
Among the Columbians who attend
ed the dedicatorial services of Holy
Trinity E. L. church, Little Noun
tain, were: Mr.. and Mrs. B. B. Da
Wis, Mr.. and Mrs. j. H. Shealy, Julian
Boland, G. NJ. Boland and daughters,
Misses Linda and Helen, and Mrs.
W. H. Eargle.
B. E. Shealy of Hamlet, N. c., Wis
tied his parents, Mr.. and Mrs. T. L.
Shealy Saturday and Sunday.
Mr.. and Mrs. Leland Hartley of
Lexington spent Sunday with Mr.. and
Mrs. P. B. Fulmer.
Henry and Elizabeth Fliedner Of
the Thornwell orphanage of Clinton
are spending their vacation with their
mother, Mrs. Annie Fiedner.
Mr.. and Mrs. J. H. Summer of
Newberry visited friends here last
Sunday afternoon.
Mr.. and Mrs. J. C. Wessinger, Jr.,
Mr.. and Mrs. J. E. Hipp, all of Co.
lumbia, spent the weekend with Mr.
and Mrs. ]. c. Wessinger.
Miss Camilla Wessinger left Wed
nesday for Clum5ia.. She will attend
summer school at the university.
Miss Olive Metts left Sunday for
Winthrop college to attend summer
school.
Mr.. and Mrs. John Page and two
little sons of Cherryville, N. c., are
here on an extended visit with Mrs.
Pages parents, Mr.. and Mrs. A. N.
Boland.
Miss Stella Wessinger visited her
sister, Mrs. J. K. Derrick last week
end.
Mr.. and Mrs. Grove Page and son
have returned to their home in New
Albany, Ind, after an extended visit
With Mrs. Pages parents. Mr.. Page
IS cartoonist for the Courier Journal
of Louisville, KY.
F., C. Wise of Atlanta is spending
the week with his parents, Mr.. and
Mrs. J. H. Wise.
DR.. and Mrs. A. G. Voigt of Co.
lnmbia were the guests Of Dir. and
Mrs. ]. J. Long Saturday and Sun
day.
Mr.. and Mrs. J. E. Stewart of Co.
lumbia visited Mr.. and Mrs. J. N.
Feagle on Tuesday.
Mr.. and Mrs. W. A Counts, Mari
on Counts and Mrs. Kate Monts mo-
tored to Leesville Tuesday to visit
Mrs McKendree Barr.
Mrs. J. NJ. Sease and DR.. Claude
Sesse were in Columbia on business
Friday.
The herald and news. [volume] (Newberry S.C.) 1903-1937, 1922-06-23

Miss Annabel Saunders who has
been teaching in Chappells the past
session spent Saturday in Edgefeld
with Mrs. Cape4s Madden and left
Monday to attend the summer school
at Winthrop college. She has ac-
cepted the position in Chappells again
for the next session.-Edgefeld Ad-
vertiser, 21.
The herald and news. [volume] (Newberry S.C.) 1903-1937, 1922-06-23

A plant always shows in it's growth
and form the kind of soil it is grown
in and the kind of care it receives.
Children are human plants and sub
ject to the same influences.
The herald and news. [volume] (Newberry S.C.) 1903-1937, 1922-06-23

Mother would be willing that little
feet should muddy her freshly scrub
bed foo. if that were any assurance
that the same feet when larger would
not wander into forbidden paths.
The herald and news. [volume] (Newberry S.C.) 1903-1937, 1922-06-23

If the old man who induces girl
to marry him for his money had al
ways shown as poor judgment in his
investments, he wouldn't have accu-
mulated enough wealth to have in
duced the girl to have married him.
The herald and news. [volume] (Newberry S.C.) 1903-1937, 1922-06-23

tons of a great day for the church
had been realized
We are grateful to know we have
such a noble parstor who has been
with US in the building and the dedi
cation of our church.
The herald and news. [volume] (Newberry S.C.) 1903-1937, 1922-06-23

It's peculiar how proud a man is of
himself and how he pats himself on
the pack for having a little backbone
after the fear that some of his friends
will jump all over him for daring to
assert himself has proven groundless.
The herald and news. [volume] (Newberry S.C.) 1903-1937, 1922-06-23

Let the knockers strike-no one
wants them on the job anyway.
The herald and news. [volume] (Newberry S.C.) 1903-1937, 1922-06-23

Few women have the stamina to
keep from crying for something that
can be gotten from hubby by a few
iudiciously shed tears.
The herald and news. [volume] (Newberry S.C.) 1903-1937, 1922-06-23

There should be some method de-
vised for conserving the energy vast
ed by some people in keeping away
from work.
The herald and news. [volume] (Newberry S.C.) 1903-1937, 1922-06-23

A fullgrown man leading poodle
dog around comes about as near our
idea of fool as anything We can
think Of.
Middlebury register. (Middlebury, Vt.) 1886-1937, 1922-01-06
BRIDPORT

Mrs. Eva Pond is confined to the
bed by illness.
Edward Nichols, who has been i'll for
a week, is improving
There will &c a Masonic dance Fri
day evening at Masonic hall.
The Ladies society will hold a social
at the vestry Thursday, February g.
Miss Hazel Billings has been a recent
guest at the home of T. H Hutchison
Schools in town commenced Monday
morning, following a two weeks vaca
ton.
The condition of +. Z. Towner, who
has been seriously i'll for two weeks,
remains about the same.
Miss Josephine Bodette returned to
her home in Addison Sunday, after
spending a week with her sister, Mrs.
IL n Sollace.
H. NJ Peck has returned to the home
of L. f. Giard after spending several
months with his daughter, Mrs Harry
Frost of Newburgh, n. y.
+. G Williams returned Sunday to
State College, Pa, after a two weeks
vacation spent with his parents, Mr.
and Mrs. H. K Williams.
The Misses Flora and Lucy Grosve-
nor went last Thursday to Rutland
where they will visit friends for a few
days before going to their schools
Miss Beatrice Doane has been spend
in. several days at her home in Or
well. Miss Katherine Baldwin has been
taking her place at the Central Office
during her absence.
The Bridport and Addison Detect
ing society will hold its annual meet
ing at the Town hall next Wednesday
at II o'clock Dinner will be served
by the Ladies society.
+. A. Nisun is gaining slowly from
his recent Illness. The council OF doc
tors held last week was Drs. Beecher
of Burlington and Phelps of Nergen-
mes with Dr. J. J. Ross OF Middlebury
who is Mr.. Nisun's attending physician.
Mr. and Mrs. A. J. S. Dukett left
Tuesday for Townshend where they
expect to make their home, Mr. Dukett
having bought market there. Their
little daughter, Althea, is with her
grandparents, Mr.. and Mrs. j. S. Du-
kett for some time.
The topic for the sermon next Sun
day morning is "The City OF the
Twelve Gates In the evening c. a.
Pratt will have charge OF the service,
taking for his topic, the Christian En-
deavor topic, Utilizing Opportunity
The annual election Of oficers-ior the
Sunday School was held last Sunday.
The officers are: Superintendent, c. A.
Pratt; Asst, Superintendent, Mrs. C..
J. Barbour; Secretary and Treasurer,
Middlebury register. (Middlebury, Vt.) 1886-1937, 1922-01-06
WOman's Club

The general meeting of the Woman's
Club was held last Tuesday evening
The program consisted of selections
from Rudyard KipGng's prose and
verse read effectively by Miss Buttles
and music by Miss Rena Dumas. The
president announced that according to
the bylaws the annual fee must be
paid in January to the treasurer Mrs.
A. S. Hartman or her representative.
The Century department will hold
its annual meeting Tuesday evening at
7:45 at the residence of Mrs. ]. J Ross.
The program subject is Song, a paper
10 be illustrated with music.
The annual meeting OF the Music de
partment will be held at the home OF
Mrs. ]. H. Stewart during the week
following its regular date.
The annual meeting of the Essay de-
partment will take place January Is
at the home of Mrs. A. w. Dickens.
The Education department will hold
its annual meeting January l3 in the
High school auditorium A paperP Bet
terment of Schools" written by Mrs.
Dorothy Garfield Fisher, will be read.
The Civics department will hold its an
nual meeting January % at 3 o'clock
in the Club room.
Middlebury register. (Middlebury, Vt.) 1886-1937, 1922-01-06
IMPORTANT PROVISIONS
Two Frequent Inquiries Answered B,
Collector

The Revenue Act of 1927 contains
two new and important provisions,
which are the subject OF frequent in
quiry The first relates to the person
al exemptions allowed married persons,
and the second to the provision requir
ing that a return be made of gross in
come of $1,000 or more.
The act provides that a married per
son, living with husband or wife, whose
net income for 1921 was $1,000 or less
shall be allowed a personal exemption
of $500. If the net income of such
person was over $1,000 the exemption
is $4,000. Under the Revenue Act of
1918 the personal exemption allowed
married person was $1,000, regardless
of the amount OF net income The
normal tax rate remains unchanged,
per cent on the first $1,000 of net in
come above the exemptions and s per
cent on the remaining net income.
In order that an income slightly in
excess OF $1,000 shall not be subjected
to an Unfortunately disprOportionate tax
because of the reduction of the eXemp-
ton to $1,000 thereon, the law provides
that such reduction shall not operate
to increase the tax, which would be
payable if the exemption were $500,
by more than the amount of the net
income in excess of $1,000.
For example, on net income of
5000, the tax, without this saving
clause, would be Sl204O which is per
cent on 5000 the amount OF net in
come less an exemption OF $1,000. The
actual tax is Sll04O, computed as fol-
lows from the net income OF 5000 is
deducted $500, leaving S2,jl0, the 4
per cent tax on which amounts to
$1,000. To this is added $40, "the
amount of net income i'll excess of
$1,000"
The personal exemptions allowed
married persons, apply also to the head
of a family, person who supports in
one household one or more relatives by
blood, marriage or adoption.
Heretofore, person whose net in
come was less than his exemption
$1,000 if single, or $1,000 if married
was not required to file a return. I'm
der the Revenue Act or 1921, if the
gross income of an individual equal
led or exceeded $1,000, or if the COM
bined gross income of a married cou
pie and that of dependent minor chill
dren equalled or exceeded 5000, re-
turn must be filed, regardless of the
amount of net income.
met income" is gross income, less
certain deductions The fact that al
lowable deductions from gross income,
for business expenses, losses, bad debts,
etc, may reduce the net income to an
amount below the personal exemptions
of $1,000 or $4,000, does not alter the
requirement to file a return of gross in
come, if such gross income equalled or
exceeded 5000.
Middlebury register. (Middlebury, Vt.) 1886-1937, 1922-01-06
LINCOLN

Merit Stowe has gone to Bradford
Walter Grant was in Bristol Monday
W. F. Gotta was in Middlebury re-
Gently.
John Tyler of Bristol was in town
Sunday.
Mrs. Alison Martell was at the Cen
ter Monday
Mrs. E. NJ. Tucker was in Burling-
ton recently.
G. H Garland has returned from
Hartford, Conn.
N. J. Whitney has sold his farm to
Clarence Culver.
Charles Lee and family were in
Springfield recently.
Rupert Hammer of Brooklyn, n. Y,
is visiting in Bristol.
Mrs. John Hanlon spent a fgw days
last week in Bristol.
Mr.. and Mrs. Arthur Cushman have
returned from Rutland.
The mercury dropped to 20 below
zero Tuesday morning
A son was born December 26 to Mr.
and Mrs Clayton Ladeau.
IlClDClI j dCkllldl anu l. u. CulDy
were in Bristol Saturday.
Miss Irene DeCoursey of Post Mills
is spending a few days here
Mr.. and Mrs. Reuben Cove have
come here to live from Ripton.
Miss Lucia Moore has been spend
ing a few days in Roxbury, N. Y.
Miss Lottie Phillip of Orwell has
been at c. S. Pierce's the past week.
Mrs. John Benton and daughter, and
Jessie Stowe were in Burlington re-
Gently.
Rev. c. P. Smith announces that
there will be a prayer meeting every
Thursday evening.
Carrie Pierce will meet with her Sun
day school class tomorrow afternoon
at o'clock at Mrs c. P. Smiths
Cloise Murray and family of Bur
lington and Mrs. Edith Taylor of New
York were at Nelson Murray's re-
Gently.