davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-01-09
LARGE SUPPLY OF
BONDS IN MARKET
January Reinvestment Demand
Is Less in Volume Than
Was Expected.

The bond market of last week was
watched closely for the appearance of
the anticipated January reinvestment
demand. 1t did not materalize in ex-
pected volume. and there was disap-
pointment among dealers who had ac-
cumulated bonds on the rising market
at the end of last year.
In the investment market there was
heavy financing, which exceeded $115,-
100000. Those new issues were well
distributed but with little more effort
on the part of bankers. Indeed close
observers of the situation professed to
see signs of slowing up in investment
demand, which would upset the calcula-
uring on new issues, some of which are
fairly large. The investment market
from now on probably will depend on
the money market for impetus. If
money rates continue to ease, it is likely
that new issues will be placed with lit
tie difficulty. If, on the other hand,
higher money market should develop. 1t
would constitute a serious obstruction
because undoubtedly there would be
reaction in bond prices and sluggish
period of buying for a turn.
Call and time money were lower last
week. the former getting down to the
low level of July, 1921. The response
in the bond market was only moderate,
although prices gave no real sign of
weakening. 1t is generally conceded in
investment circles that there are a lot
of bonds In the Street. but the situa-
tion has not become acute. The munic-
ipal market is particularly clogged,
which was to be expected after the un-
heard of totals of new State and city
financing In the last few months. In
December municipal flotations were the
heaviest on record. Fortunately new
State and municipal issues for several
weeks will be comparatively light.
The largest new offering of bonds
last week was the $40000,000 issue OF
Dutch East Indies 6s. sold without
great deal of trouble. A s20.000.000
issue OF the State of Ohio's soldier bonus
Az per cent. bonds also was subscribed
for quickly. The next in size was a
$15 900 900 offering of the Province of
Ontario's 5hs, and after that $7,72b,-
900 offering of the city Of Chicagos 5s.
All of those issues were purchased by
bankers before New Years Day and held
over until the following week.
There were several other good sized
blocks of bonds. including several mu-
nicipal offerings of more than $1,000
600 EACH Industrial bond offerings
totaled about $9,000,000 and railroad is
Sues about $10.0O0,000.
Trading in bonds on the New York
Stock Exchange was not particularly
heavy, the average daily volume Of sales
being around s16,OOo.0o0. The total of
sales of last week. was slightly more
than that of the preceding week, which,
OF course, was sandwlched between two
holidays.
The New York herald., 1922-01-09
EX.C0P HELD ON PLOT CHARGE.
Negro in Boston Accused OF Work.
ing Liquor Holdup Game.

BOSTON. Jan s.--Joshua McClain,
whose resignation followed his suspen-
sion last week from the Boston police
force on charges preferred by superior
officers, was arrested to-day charged
with conspiracy.
McClain. who is a negro, is charged
by the police with having sent an ac-
complice into stores to purchase liquor
and upon completion of the sale 70 have
entered and threatened the proprietors
with arrest un.ess they paid him a
sum of money. He will be arraigned
In the Roxbury court tomorrow.
The New York herald., 1922-01-09
WATER LEAKING FROM
STATEN ISLAND MAIN
RESERVOIRS TappedWhiIe Pipe
Under MARQUIS Is Repaired.

The Catslsill water main under the
Narrows has sprung a leak, 1t was an
|nounced last night by James X Vail,
Deputy Water Commissioner, and rest
dents of Staten Island will have to de-
pend on reservoirs for their water Supply
during the present week. while the main
lis being repaired. The reservoirs con-
tain a months supply, and while 1t Is
|expected that the repairs to the main
will be completed by the end of this
week. Mr.. Vail has appealed to house
holders in Staten Island not to waste
|Water
The New York herald., 1922-01-09
TO THE STOCKHOLDERS OF
EQUITABLE EASTERN BANKING
InRp0fs tTIn&.

Notice IL hereby given that tho annual
meeting OF tho stockholders OF Equitable
Eastern Banking Corporation for the purpose
of eiecting directors for the ensuing year
and for tho transaction Of such other busi-
ness as may properly come before the meet
Ing VIII be held at the office OF the Corpora
tion, 81 Wall Street, Borough OF Manhattan.
City OF New York. on Tuesday, January ION,
1929, at II O'Clock In the forenoon Transfer
books will be closed from IL O'Clock noon,
December 2tth. 1921. until IL O'Clock A. NJ.
January 10th. 1922.
RICHARD II. HUNTER. Secretary.
The New York herald., 1922-01-09
TRAIN CREW FINDS BODY.
valley Falls Man Killed I'm Fall
From Suspension bridge.

ATT1EpoRo. Mass. Jan. s--John De-
ivanney Of Valley Falls. r. l.. was found
|dead to-day b. the crew of a train,
|who discovered the body near the main
'line tracks.
Medical Examiner Charles 3. Holden
Expressed the belief that Devanney had
been crossing q suspension bridge and
Had fallen between the ties OF the struc-
,ture TO the roaobed below, q distance
|of 10 feet
The New York herald., 1922-01-09
cnNIEY rIN rou. cnRronArInN.

Notice u hereby given that the Annual
Meeting OF the stockholders % Coniey Tin
Foil Corporation. for the election OF Dircc-
tors and the transaction OF such other bust.
ness as may properly como before tho meet-
ing. viii be held at the Homo office OF the
Company. 54i West 2ath street. New YORK
City. New York. or Monday. January IS.
1922 at - O'Clock noon.
Polls will remain open holf an hour
LOUIS n. CoNI.fY. Secretary.
The New York herald., 1922-01-09
TO THE STOCKHOLDERS or
TIE EQUITABLE TRUST COMPANY
OE NEW YORK.

Notice Is hereby given that the annual
meeting OF tho Stockholders " Tho Equi-
table Trust Company OF New York for tho
purpose OF eiecting Trustees for the ensuing
year and for the transaction OF such other
businers as may properly come before tho
meeting will be held az the office OF tho
Company. No. 81 Wall street. borough ot
Manhattan. City OF New York. on Tuesday.
January 10th. 1922. NJ . o'clock T. NJ.
WILLIAM j. Eek. Eecretary.
The New York herald., 1922-01-09
NEW WORK.

f50 East 18th Street.
January 3, 1872.
The annual meeting of the stockholders OF
this Company for the election OF Trustee
10 serve during tho ensuing year win be
held at this office Monday, January -.
1872. Polls will be open from ~ NJ. TO
I =. NJ. Transfer books Will close Saturday.
January H. 1922, at ~ NJ. and reopen
Tuesday, January 20, 1922.
II. NJ. BRUNDAGE. Secretary.
The New York herald., 1922-01-09
BABY scALDs HIMSELF.

Attempting to take pot of boiling
water from the stove, Peter Kichura.
Inneteen months old, tipped IL over and
was scalded Yesterday at his home. II
Washington street. He was taken to
Broad street Hospital in serious con-
|dtion.
The New York herald., 1922-01-09
TO ARRANGE M,KrNLEY DINNER

MrRIDxN, Conn. Jan. s.--Ex-Mayor
Daniel ]. Donovan, president of the
Connecticut Mckinley Association. has
called a meeting Of the officers and ex-
ectivc committee of the association for
The New York herald., 1922-01-09

Wednesday. Jan. IS. in Hartford, to
select a date and make other arrange
ments for theannual Mckinley banquet.
1t will be held here about the end Of
the month. l"f0No'
New-York tribune., 1922-07-09

we are not yet completely enfranchised.
Finest Gold Teeth in Tosvn,
This Gambler Had
In the Connecticut village which inhabited
up to the age when l stopped parting my hair
in the middle lived a town ornament named
Rockford He was fiashy gent, our pet local
scandal His ostensible source Of livelihood
was livery stable, which occupied, ironically
what had formerly been the Second Baptist
Church until that staid body amalgamated
with the Firsts. AS a Judge Of and trader in
horsefesh Rockford was a figure to be reck-
oned with. But whenever he passed, whirling
up our shady street in his smart buggy, be-
hind an alluring steed, which he was display
ing as bait, the word gambler" was sure to be
whispered behind a protecting palm. 1t was
uttered with an air Of holy horror, which per-
picked me not little, for admired this daz-
zling creature with his checked suit and gray
derby hat, his jaunty boutonniere and dia-
mond horseshoe pin--yea, even his smile,
which was decorated, like his person, with the
finest gold teeth in town.
Fourteen karat" DR.. Virgins, the dentist,
confded to me, call the way back, even where
you can't see 'em."
Some Of the men used to furtively admire
him, but they were mainly spineless lot
ruled by their women folk in moral matters
1t seems odd as / look back on those davs and
think how, with the spiritual liberation of
woman, man has actually become free himself
and, to large extent, does as he pleases.
One day went to my Aunt Mabel and said:
Aunt Mabel, what is a gambler?" She laid
long finger in the copy Of "John Halifax" she
was reading and looked at me severely over
her glasses as she replied: "a gambler is a
man who gets something for nothing"
New-York tribune., 1922-07-09

Greene bad ride. When / throw five, off
he goes to a clean break, sweet and pretty.
Luck" you say again? I'll say it's luck!
That's the beauty Of it.
Card games in general are open to the same
criticism applies to horse racing. There are
too many other elements involved. In poker,
for instance, intellect-"poker brains"-un-
fortunately dominates. The good player usu-
ally wins the bad player usually loses Rules
of average based on the so-called Claws of
chance" can be worked out. A noted card
authority once told me that in playing poker
he always threw down everything above
pair of kings. | was incredulous. "Do you
mean to tell me-" I asked, that if you drew
q pat flush you wouldn't play it," Yes, that
is exactly what he meant.
New-York tribune., 1922-07-09

wisp thing it is---a spirit, far beyond the reach
of mortal inauences In the recognition Of
this divine element lies the origin Of great
mass of gambling ritual There is something
sacred, something deeply religious in the OBJ
servances which grace the conduct Of many
poker game. Many a man to-day will deny
that he has any definite religion. II have
hopes" expresses the extent of his convictions.
But get him in poker game and you will find
that he is as dogmatic as a high church
dominic.
Among small group with whom OCCASION
ally pass evening around the green table
are several of this matter-of-fact type In the
presence of healthy jackpot they are trans
figured. Simmons, the hardware merchant,
forgets his bolts and wrenches and becomes a
zealot. His belief in the potency Of red and
black nine is touchingly beautiful His look
if they fail him is that of martyr. Walton's
gesture of Difference to Fate is to be the last to
pick up his hand after the deal. To fail in this
is to insult his personal god. Clarke walks
twice around his chair, inspired by the same
reverence which, at morn and eve, turns the
muezzn toward Mecca. Here we see a great
and simple faith, variousiy expressed, uniform
y admirable, the unconscious recognition of
mist who says are losing our religion is in
error. We as religious as ever, but we ex-
press it differently.
New-York tribune., 1922-07-09
The loser, plunging across the cold
faced moon into Oblivion

1t is evident, therefore, that to get the great
est POSSIBLE eXaltation and freedom from work
aday cares and worries out of gambling one
should engage in games from which the ee-
ment of skill is entirely eliminated as is
possible. comparison of parchesi and horse
racing offers interesting food for contempla-
ton They may be fairly compared, because
in many ways they are similar. Both are
races about track, with an ultimate goal
SO far so good. Thereafter the comparison
favors parches in every way
In a horse the speed of the horse de-
pends upon countless human and inhuman ele-
ments-the horse the jockey, the track. the
crowd, the weather and so forth You put YOUR
money down on Norwich and Whiskawav
makes him look like selling plater-whatever
that is. Luck, you say? Not at all. His
breakfast didn't agree with him. or his Jockey
was out too late last night. You don't know
these things, but they are there just the same.
determining causes. But look at parches
There's no bad breakfast goes in a dice box.
No jockey can give my green mani ALWAYS
play best with green, and we have awful fam
lily fights about tho jockey can give old
New-York tribune., 1922-07-09

the consequences of his own acts lest that in
dividual turn out to be u.s.
Spiritually considered, gambling is fascinat-
ing. A frequent reproach has always been
that the money involved in a game of chance
was wicked money. BY the worthless of my
youth money was spoken of as if it had sort
Of energy of its own which ought to be kept
forever busy doing the work of the world"-
that was a favorite phrase. This idea was
frequently expressed by imprisoning every
captive dollar in the form of a "gilt-edged"
security. 1t was not until several decades
later, when tie bottom dropped out of New
New-York tribune., 1922-07-09
Think HoW Many Gamble
Without knowing 1t

Moderation! All, there is the thing! Try
little gambling and then. Not too much,
but enough We eat three times a day, yet
there are few gluttons. May we not hold
good hand at bridge win a few dollars at
poker without becoming fends or wasters?
Luck, at her best, is an impartial goddess. She
distributes her favors all around Think how
men gamble constantly without knowing it. in
their businesses, in Wall Street, in their mar
riages their love affairs
Love, we know, is blind, and even he is good
in moderation. Luck, too, wears bandaged
eyes, but he also is god. And the simplest
and best toast l know is, Here's Luck!"
Copyright 1922 New York Tribune Inc
New-York tribune., 1922-07-09
Much of Our Morality
Is Collective Couuurdice

Ny esteem for Rockford went u, immed-
ately. HIS method seemed most desirable, and
/ vowed to copy it. / was in that stage of
adolescence which always has nothing and
longs earnestly for something, and the idea of
trading the two appealed to me.
Since those early days have worked on the
idea both in theory and practice. Of course,
/ soon discovered that the reason so many of
the righteous drew back from gambling was
that it frequently turned out to be way of
getting nothing for something. If one won
another was bound to lose. 1t was the fear of
being the latter that caused the holy to roll
up their eyes and raise their mtted hands.
This, think is the foundation of most of our
moral code. Our Volstead acts and anti-race-
track laws are nothing but collective cow
ardice. We are afraid to let the individual take
New-York tribune., 1922-07-09

one up and showing its colapsible construc-
tlon, is an idea. of mine which puts several
hundred feet of surface at the service of the
oysters when they want to set When that
tlme comes l dip tha grid in a solution of
ilme ana sand, then put it into the jar and let
the oysters head for it. BY regulating the
temperature OF the water I can govern the
set' ana when have about thirty to the square
men on the plates | will take the grid out
ana put 1t in jar of clean water. Thirty
70 the square inch will make the corn-on-tbe
COD set IN month, when they have grown
to seed size
Once we've got the set on the nates we
just have to let them grow They grow fast
and in month they are seed size and tha
plates look almost like honeycomb. 50 tbick,u
are the oysters set. At that size thew are
ready to plant, so we will take tho Grid ont
pull the plates apart, and the oysters can be
easily scraped from them. That's wbv VIC din
them into the lime and sand; it makes . GOOD
surface to skin off with the young oysters.
ol1 the plates, we will dump the seedlings
INTO the Jars Tor few days to toughen up
their sheiis' and then they are ready to be
shipped out to the beds and planted From
that time on the responsibility is on the OYSTER
men, who can plant them where thew peed
them'
At seed size the oysters can be shpnea +o
the oyster beds on boats, planted in tho ,p.+ar
and left to their own resources. Rv tho+ t;n,a
they are big enough to shift for then,se,,,a.
successfully. Twelve months later +ha,, LII
be half grown, and two years later thav u,;,,
be of size available for market The ssh;na
IS usually deferred until thew have ,osoh.a
three or four years Of age.
New-York tribune., 1922-07-09

age that most of them are destroyed out in
the ocean. They are ready to settle down and
the tides carry them away and they die.
Or else they settle down on the bottom and
are drowned in the mud.''
The captain dug into specimen box and
found oyster shell with tiny brown spots
scattered closely over its surface.
Here's an example Of the set / got You
see these little fellows twice as big as pin
head. They were on the shell couple of days
And those little specks had just landed. If l
had let those little fellows grow month
longer they would have been seed size and all
ready to plant And as thickly as they are
set there they would have made what the
oystermen call 'corn-on-the-cob set That
is, they would have been close enough together
so that their growth would have forced their
shells up away from the big shell, and at seed
size they could have been broken away from
the big shell as easily as ripe corn from the
cob.''
Captain Wells produced millions of oysters
last year, growing them up to the "set' stage
and then losing them because he had no prac-
tical means Of gathering them and growing
them afterward.
THE oystermen," he continued, "try to re-
populate the beds by sowing empty shells in
the spawning grounds, allowing the spat-
oysters grown from the eggs---to settle on
them and grow to the seed size, and then
removing them, shells and all, to the regular
beds. This is all right when it works, but it
usually does not work. The spat don't live
OF they don't SET or they don't grow right
or something else happens Nature isn't
nearly ideal for the growth Of young oysters
The oysters grown last year were produced
New-York tribune., 1922-07-09
The Big Hands Lose
The Big Money

He then proceeded to demonstrate the valid
ity of his theory. Having tabulated the re-
suits of several hundreds of thousands of
poker hands, found that it was the big
hands that lost the big money.
But" ! argued "if they lost it they must
have lost it to still bigger hands?"
at doesn't follow ne said. Neither did /,
though he explained it over again.
The fact remains that he does win. | tried
him out few evenings later. The only time
I called him he had a full house. 1t seemed
bit unfair, which l pointed out to him, but he
explained that he filled it on the draw to
jack and ten, so l suppose it was all right.
Probably the purest form of gambling is
the primitive game of craps, in which destiny
is bound up with the uncomfortable antics of
the spotted cubes. There is no such thing as
craps mind" no blufing, no mathematical
computation. Everything lies on the lap of
the gods 1t is for this reason that we hear
the ncantations of crap shooters, vying with
each other in prayer. Each contestant is in
direct, personal touch with his deity. The
dice itself becomes god-ths is the sublime
TRANSPORTATION in humble form.
"Roll baby!' Come little joe" Read
em and weep"
And, finally, there is the financial end. Men
are supposed to develop an insane greed over
the gaming table Mr.. Hogarth shows us the
popular though old-fashoned conception. On
side the winner, frenzied with JOY at hav-
ing broken the imposing bank in the back
ground; on the other, the loser plunging across
the cold d-faced moon into the waters of oblivion.
This is a catch-penny, melodramatic YER
| col hot
player Mr.. Hogarth should descend to such
tawdry sentimentalism.
If he were where could get at him | should
make him scratch out his drawings and do a
new one, an allegory-Mr Hogarth is partic-
ularly good at drawing alegories- showing
two lovely creatures, Gambling and Business,
united in marriage, while between them stands
the fruit of their union, Moderation.
New-York tribune., 1922-07-09
The rvinner, frenzied with joy at hav-
ing broken the imposing bank

Haven, that many of the elders discovered
that they had been gambling, too, and hadn't
even had the satisfaction of knowing it. 1t is
all right for dollar TO work, but | like to
think that it, too, enjoys it's day of rest or
play. If our friend M. Briggs, the cartoon
lst, should answer the question Il wonder
what dollar thinks about?" feel sure that
the last picture would represent the ioyful
stake in poker game crying "Hooray! Here
am, out with the game, with nothing to do
till tomorrow. Ty-di-un,-dum"
But to return to the spiritual phase. Gam
bling implies a large admixture of that great
element Luck, which Immediately lifts the pas
time out of the sordd category of cold -blooded
calculation. The more the luck element is
eliminated from game or business the less
attractive it becomes in many ways The out
come is more of certainty, and certaintes are
always boring. If l should play tennis with
Bill Tllden, or golf with Jesse Sweetser, the
result would be a foregone conclusion. If
should enter the financial ring with j. P. Nor
gan he would probably score knockout in the
first round. But I will shoot craps with any
of the aforementioned gentlemen and lay him
a small bet on the side, and as for parchesi-
we'll I'm the recognized parchesi champion of
Westchester County The title is conceded bv
every one except my wife
Thus you see, Luck is the great leader. We
are all one before Billimin; Morgan and Dr.
Frank Crane and F. P. A., wisdom and wit
against stupidity and prejudice; their distinc-
tions as naught.
This is where the divine element enters in.
Luck! What tricksy, intangible, wi-o-t the.
New-York tribune., 1922-07-09

IN large water jars, through which CAPTAIN
Wells forced air by means of an arrangement
OF tubes and small air pump. The an
paratus now being installed in the hatchery
consists OF nine huge earthenware casks. each
about the size of barrel, with arrangements
1or drawing the water or solution from them
ana with a. tube arr9 -"nnAnt fo- .ee~.;no air
New-York tribune., 1922-07-09

through from the bottom. These will be used
for the Matching process, housing first the
eggs and then the microscopic oysters When
they have been developed to the settling"
stage the oysters will be offered chance to
settle down on series of plates, arranged
like the grid in a, storage battery
This grd,' said Captain Wells, picking
New-York tribune., 1922-07-09

T HAVE always been somewhat puzzled as
to why society, in its general sense
-A- frowned upon gambling. 1t has always
seemed to me such an excellent way by
which money could be transferred from incom
petent hands to others more capable Of con-
serving or expending it. Perhaps my idea of
the opprobrium attached to the practice is old
fashioned and effete. Perhaps it went out
with what-nots and frock coats. There are
signs that social condemnation is waning, but
we are not yet completely enfranchised.