davidaulloa/AmericanStories huggingface dataset:
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-02-11

That Wall Street looks only at the
Eday to day developments has been shown
smany times during recent months. 1t
twas demonstrated again when the op-
Ntimistic statements of Thomas w. La
Amont, in which he predicted the return
gof normal activity in trade and industry
next fall, passed unnOticed The trading
element shares Mr.. LamOnt's views for
the long future, but are more concerned
Dat the moment with the activities of the
gmany pools operating in the market.
y Directors Of the National Steel Car
9Lines Company which finances purchases
If railroad equipment through the issu-
Ilnce of notes. met and declared a pre-
&erred stock dividend at the rate of
#oer cent. The annual meeting was held
1ater, at which officers were elected for
3ha ensuing year.-Copyright, 1922, by
RoubIic Ledger Company.
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-02-11
NEW YoRKIIBERrY BONDS.
MOTOR SECURITIES


(By Thomson d McKinnon)
Feb. 10
Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-02-11


The copper stocks were reactionary.
due to the continued weakness in the
price of the metal. Sales Of sizeable lots
were reported by large producers at 1874
cents and metal was Obtainabie for in
dependents - cents for immediate de
livery. The large quantities of Anaconda
hanging over the market as a result of
the exchange for stock Of the American
Brass Company has proved a deterrent
to buyers.
American Sumatra was one Of the con-
sistentiy weak stocks throughout the
trading. Directors of the consolidated
Cigar Company the control of which is
owned by American Sumatra, met and
passed the dividend on he preferred It
has been paying IA per cent quarterly.
The trading element has assumed that at
the meeting of the America Sumatra
directors next Wednesday, the dividend
on the preferred stock will he passed.
The consolidated dividend action was
not announced until after the close Of
the market.
Division Chemical was weak feature.
declining nearly 8 points In the face Of
early strength in the general list The
seillng was attributed to a report that
the Silica Gel process is unsuccessful
commercially. This report was denied
emphatlcauy by officials Of the company,
although at the offices of an oil company
It was said results had not been salts
factory. There was an excellent demand
sAor the stock around 90, some of the
3uy1ng being for the account of a group
which has been exploiting it's market
possibilities.
SveÌŒt = World. [volume] (Cleveland, Ohio) 1911-1939, 1922-03-06
MONOPOL v
VENSKU.
Standard Oil Co. pry jej ztra.
tia zruSenim smlOuvy
vladOu.

Haag, 3. brezna. - "Rottel-
damer Courant" prinasl dene-
81 z Prahy, v niz Sc oznamuje,
re smlouva, ma jejimz zaklade
Standard Oil Company mela
obdrzeti monopol ma tezbu. pro
del, dovoz a vyvoz petroleje Y
celem Ceskoslovensku, a jez pc
trebovala jen vladnich forma-
lit, byla V poslednlm okamzi-
ku zmarena ministerskym pred
sedou Benesem.
Benes patrne jednai pod vii
VEN kampane casoplsech,
iez dokaZovaly, re smlouva
znamenala hospodarske poSko-
zeni Ceskoslovenska.
New York, A. brezua. -
Walter Teagle, president Stan
dard Oil Company, kdyz mu
byla vyse uvedena zprava
predlozena, prohlasil, re nenl
mu ME Znamo o Zrusenl one
smiouvy a re neni obeZnamen
S touto transakcl, ponevadz Ia
20 projednavana byla pafiz-
8kou uradoVnou.
Pravil pax dale ma vysvet.
leni cele Veci:
ma zadost ufedniku Cesko.
slovenske vlady, francouzsks
odbocka nasi spolecnosti uvoli
la Sc utVofiti spole6nost, ieii.
yelkou cast akcil drzela by VI;
da Ceskoslovenska Il obcant
famni zeme, "a ucelem patran
y uzeml. ktere muza obsahova
ii petrolej. Y Zemi Sc liz do ii
ste mily produkule, ale kon
cese %zahrnuje pouze nepro
zkoumane dosud rozlohy.
"Vysada mela trvatl tfice
roku a vyzadovala vydani vel
ke sunny penez cd move spole
nosti ma vyzkumnou praci S /
Defalnl koncesl pro vladnl ST
castnepi sc Y petrolejl zlska
mem. Nebylo pomysleno ma FAC
ny monopol a naNrhovana uni
va nemela zadnych vztahu II
prodei petroleie Y Ceskoslove
sku. Tato spolecnost nemcl
rozdllneho postayenl cd i
nych petrolejnich spolecnost
pokud sc tyka zasobovani eel
skych potfeb."
SveÌŒt = World. [volume] (Cleveland, Ohio) 1911-1939, 1922-03-06

co nejdfive opraviti," prohlasil
lord Everard: "Zpustene po-
koje, pine prachu a molG pod
poruji jen viru We strasidla
nejlepsi prostfedek k zapuzenl
podobnych strasakl bude do
konala oprava vsech komnat."
Ac daval lord pred Clarisou
ma jevo zvlastni odvahu a ne
ohrozenost, pfece nemohl 81
vzpomenouti bez patrne hruzy
ma nepfijemny pocit, jenz Sc
no zmocnil pr vkroceni do po-
vestne komnaty a ktery jeste
roZmnozila slova Clarisina; ma
darmo Sc snazi nan zapome-
nouti. Konecne vysel do par
ku, ably okral ma cerstvem
vzduchu a zapudil trapne my
slenky.
Hrabenka de Roubaixova O.
deSla zatim do sveho obydli
ma ceste potkala opatrovatel-
ku, ktera byla najata pro ne
mocnou Esteru Grantoyou.
SveÌŒt = World. [volume] (Cleveland, Ohio) 1911-1939, 1922-03-06
pRVNf JENA v ANCLICKE.
LORDu.

Londyn, 4. Drezna Wy
Dor pro prlyile.le snemoyny lol-
du vShovel zadostl lady Rhond-
da, ably 1asedatl smeia We she
movne lordu. Jestlize lady
Rhondda zaulme skutecne MI
sto, jez j bylo tlmto rozhodnu-
tim pflznano, Dude prvni ze-
nou Z anslieke horni anenovne,
jake lady Astor byla prvni re
nou, jez zasedla dolni snemol
q
SveÌŒt = World. [volume] (Cleveland, Ohio) 1911-1939, 1922-03-06
Lord Everard vedl net mi

Lord Everard vedl net nile
ky Ike dverim, ma nichz byl ma
malovan veliky kriz cerveny.
Spatrivsi kfiz, odskocila mlada
vdova zdesene.
Lord sc usmal. "Davas-li jiz
prede dvermi bazen ma .jevo,
co budes ciniti, az vejdes "a
ne? Kdybych ia pocit'oval
strach, nebylo by divu: nebot'
nutno pamatovati ma to, re me
shine trest, prekroclm-li ten
to prah."
"A prece neuahate vejiti do
osudne pomnaty?" taze Sc Cla-
risa.
"Ani ma okamzik! Dokazi
ii to!' odvetil lord Cliffe; po-
tom otocil klicem a otevrel
dyere. Lee pfese vsechnu svou
zmuzilost bezdeky ustoupil, an
spatril nitro komnaty, byt' me-
obsahovalo pranic neobycejne-
ho. Jeviia SO tn tataz poruse-
most jake v ostatnich mlstno-
stech; toliko v koute stala po-
divine Vyrezavana SHRINE, .iez
dosahovala al Ike stropu.
"Nuze v~ejdete!' pravila Ola
risa zertovne a ponekud WY
wave, &C phi tom zbledla a Sc
zachvela.
Everard otalel jen okamzik
potion vsak vyhovel- v~yzvani.
Hrabenka brala sc "a MIN
pfemaha.jic hruzu, jez Sc j by
la zmocnila.
V komnate vladl hrobovy
desny kid, ktery zvysovalt
nedostatecne svetlo; nahle all
ozvalo sc jednotvarne, odmer'
ne klepani - jez lak Sc IDA
10 - vychazelo re steny.
eco je to-" zvolala Claris'
zdesene a chopila sc ruky vi
. covy.
"Nic!" odtusil lord; Meme
ne .ohlizel Sc nepokojne, jak'
, by Sc chtel, presvedciti, jsou
Ii skutecne sami diva Y komna
te. ITO pochazi. cd mych no
dinekn'. dodal pc chvili.
: Oci hrabenky ziraly ztrnul'
/ do prazdna. "Tento klepo
L Jest mnohem zvucnejsi a IRE
telnejsi .nezli tikot hodinek,
| sepce blednou a tisknouc Sc
: lordovi. Slysela jsem jiz jed
: nou tento zvuk a vim, co Una
: mena. Je to, ptak smrtonos!'
"Jsi prilis poverciva!' pra
) vii lord, kraceje Ike dvefim. =
. "Nepochybne te zustavila ma
' tka ma opatfovani nevedomyr
Q sluzkam, jez te krmily podoh
nymi bychorkami."
2 Clarisu- popudila tato slova
: pohodivsi hlavou, odyetila: :
n "Slysela jsem tento klepo
{ pred smrti matcinou, a prot
: uznate, re mann dostate6ne pr.
! ciny. bych Sc no obavala.'
v. "Hm, to byla pouha nahod
/, 'ktera Sc caste prihazi!!' odp
ra lord: "prekvapuje mne, Z
podobne veci mohou miti vii
s. ma vzdelanou damu.'
, Clarisa snesl mlcky yycitk
l. i odchazela "a lordem opet d
It obyalene casti zamku.
u Nest'astne toto kfidlo by
dlonhn zapomenuto: dam
SveÌŒt = World. [volume] (Cleveland, Ohio) 1911-1939, 1922-03-06

niti. To popudilo ieji snouben-
ce Richarda, a kdyz vySli bra
til jednoho dine ma low, byl
Pier probodnut. Mrtvolu Jeho
donesli do Cliffe Courtu i ulo-
zili il v pokoii zapadnlho xii
dla, jez potion nikdy neote-
virali. Jakmile zvedela Hlldre
da, co Sc sbehlo, vinila Richar-
da z bratrovrazdy; Richard
ovsem nemohl toho Zapfitl. Po-
tom proklela divka cely rod
Cliffuv a sotva domluvila hroZ-
ma slova, p&dla mrtva ma telo
Pierovo.
Cd tie dolby koluje povest'
re nizadny lord Cliffe nesmi
vstoupiti do tohoto pokoje; -
kdyhy vsak toho ucinil, thyme
smrti neprirozenou, nasilnou
smrti. A ku podivu, povest ia
osvedcila Sc vicekrate pravdi-
Ivou! TO pax upevnilo viru Y
nj tou merou, re nikdo 0 jeji
pravdivosti nepochybuje.'
"A Wy, ujce!?" taze Sc hra.
benka.
ga? Uprimne receno, ia to.
mu neverim!'
"Sel byste tedy do onoho po'
! koje,' pokracuje Clarisa, "kdy
by bezelo 0 zkousku?"
"Zajiste!" odvetil Everard
Lee posud nejsem u konce
Mrtvou lady Hildredu vidal
casteji obchazeti v belostnen
rouse pc pokojlch; zjevila $,
vzdy, kdykoli n6ktery Glen 70
du Cliffova mel byti povolal
ku sym predkum. Nuze, je-l
to zvlaStnl pohadka?
"Yelmi, velmi z~vlastni,' sou
hlasi Clarisa.
"Ty vsak pohlizis neobycel
| ne vazne, jake bys vefila, q
ie to pravda!" zasmal Sc lore
: "Nevim, neni-li to skutecn
pravda.' podotkla zamyslen
hrabenka.
PAX te poucim 0 jlnem,
povstal lord. "Libo-li ii, pl
jdeme spolu Timed do onech t.
jemnreh mistnosti!"
Clarisa byla hned srozumt
j mai brala Sc S ujcem dlouho
chodbou, vedouci k zapadnim
kfidlu.
Ma konci chodby stanul lOr
pred vysokymi a pevne zazd'
nymi dveimi dubovymi; lee t.
prve Pc delsim namahani p'
n dafilo Sc mu otevriti je.
:. .Opet ocitli Sc We dlcuh
chodbe. Podlahu kryje vrstv
prachu, Sc stem viseji tapety
carech a pavuciny splyvaji
stropu.
J., I teto chodby nalezala
G idfivejSi obydli, opatfena pr,
h starym nabytkem, jenz behe
yveku 2prachnlvel a wal Ia s,
i-pod hlodavym zubem cervov
o ia. Vysokymi okny, jez SKI
: dali Sc ze- drobnNch tabulek
a olovenych pascich zasazenyc
.. vnika do pokoju jei spofe sv
Ito denni.
Kdvz prosel lord Sc dru
kou T.veSkery komnaty a pr
se Medl zbrl6stu' pfedmetv, opt
l. Ia Sc Clarisa: Ale kde JIG
A. pokoi, V nemz vyTkla lady Il
e. drnda k1athur ~
SveÌŒt = World. [volume] (Cleveland, Ohio) 1911-1939, 1922-03-06
RODINNE TAJEM STVI.
Roman z anglickych kruhi spolecenskych.
Prelozil Karel Pochyba.
Baronet pokrGil rameny.

"Musim dbati o sve zajmy,"
odvetil lhostejne, "a mluvis-li
0 bezcitnosti, nesmis zapomi-
natl, re il take ty davas ma .ie-
vo, ano ii patrne Zalezi vice
Ma tom, ably prosadila svou VII
Ii, nez spatrila umirajici dite."
"Otalim jen k vuli diteti."
"Ano, a zatim kdy ocenujes
jeho zivot a sve jmeni, prcha
hodina ia hodinou a NEIL Sc
nadejes, Dude snad pozde, po-
tom no snad w vice nespa-
iris"
Alice neodpovidala; lee kru-
tl boi musil skonciti tax, jak
Ascot predvidal; laska mater
ska z~vitezila. "Nuze svoluji!'
zvolala posleze zoufale. "U-
ved' mne do sveho pokoje, u
cinim, co zadas!"
Carlyon byl prilis chytrym,
nez ably prozradil svoie pote-
SEM mad dobytym vitezstvim
.iiskrilo seoko jeho "a.
dosti. kdyz del: "Tedy rychle
Pozadam domovnika a dokto.
ra Besta, ienz prave tamto sire
moradim sc blizi, ably byli pfi
Itomni podepsani jake svedci.'
Jake stroj brala Sc Alice q;
chotem do jeho. ppkoie a ~
tya9! ieJi zraclla Sc nema zoE
falost. Ma stole leZi listina
.icz il ma oloupiti o pozemky
L vGli kterVm tax krute, al
bezvysledne ~zapasila.
Baronet kvapne odesel, alb.
zaVolal doktora! M
Jeste MEDICINAL ohias jeh
krokuv, an druhymi dvermi We
sci sluha, nesouci tacek 5
psanim, jez doslo odpoledni p
8tou.
Ma nejhorenejsim dopisu p
stfehla lady pismo tety sir
Ascota; y bezmerne uzkosti
dit6, sahla matka pc psani a (
tevrela je, nedbajic, co tom
fekne chot'. kvapne pfeletel
oko ieji prvy odstavec dopisl
Ijcnl obSahoval nektere zalez.
ltotsi obchodni; ma konci ysa
SO zastaVilo. "Douglasovi id
v{boYn6 k duhu," cite lady, :
ida Sc mi, re ie tn uplne spt
kojen a $t'asten. TEST mne t
veliee. Yer mi uprimne, q
nam neprekazi. Netreba h
tcdy odtud ~odvazeti, pokud
liho.'
Pfekvapenim vyklouzl ALI
dppis Y rukou. lee lined il
zyeala a pohledla ma den, KID
bylo psano, seznala, re pooh
Oh od dnesnlho Ultra. Nyni Y.
nala z kapsy telegram, jejz
dial chot', a HE, i ten byl dn'
rano odeslan,
Uboha matka lined pooh
pila, re je telegram falesny,
! ze byl poslan cd sira Ascot;
ucinil to, ably pojistil dobI
vysledek svemu planu. kdyi
III nebyla nahoda vtiskla dop
: tetin do rukou, byla by Sc n
lest npine podarila
! Pc nektere minute vessel {
pokoje baronet S doktorem. :
I "jil jest 2Qprazeno, Alice
: hned Dude yuz pred domem
: pramluvil sir Ascot nTistOun
: rychle he stolu. "Podepis I
chile sc tuhle dole!" Phi to
u nkazal prstem ma papir; ma
q podal chotl pGro. "Jen rychlt
i minuty zmeskati, mame-li
. mutt nctrphliye. "Nesmime
I cas- dostihnouti nadrazi.'
i "PravG Jsem sc rozhodla,
Il nepojedu nikam," odvetila
lice klidne.
"Co prayls? Nerozumim tt
{. "Nu2e tedy prayim 2retell
re az nemam prieiny X od
zdu, neboi' Nln, ze jest nj
s ditto Un(np ydrayOp
SveÌŒt = World. [volume] (Cleveland, Ohio) 1911-1939, 1922-03-06

NeiHS syACili HHoV OdI1yO-l
nuv. Jiz byl temer II ellie a tn
jest mu POLAR, ktery prave Ike
zvedal, nahle vyrvan! Ia
klel divoce a zvedal pest, ia
ko by chtel bezbrannou zenu
k zemi sraziti.
Alice nepohnula nj mrvou;
beze strachu a hrde pohlizi ns
chote.
Y tom pfistoupil k MENU DIR.
Best, uial .jej pod pazi, a Cd
vadel stranou.
"Nezapominejte Sc, sire AS
cote!"' sepce. "Nasilim nedo-
kazete niceho! Doznal jste
dnes dplns porazky a nezbyva,
nez abyste j snesl klidne a tya
I'll Sc lhostejne.' PAX otevfel
lady Carlyonove dvere, vida.
re Sc ma k odchodu.
Alice odchazela hrd6 z po-
koje manZelova.
Hrabenka de Roubaixova NE
prodlela dlouho pokoji ne
income zeny pc odchodu dokto-
rovu; snad il nudilo hlidani
chore a zirani ma jeji Hostel
nou tvar; snad w nemela pri-
ciny, by V pokoji setrvala.
Kdyz sestupovala Sc schodu,
potkal il lord Cliffe, i zasla s
MIN do knihovny. Zde lezel
ma prostrednim stole p~rastary
list pergamenovy, podobajici
Sc mape.s Clarisa sklonila Sc
mad MIN, ably zfetelne spatrlla
jeho obsah.
"Je to padorys Cliffe Cour-
tn. ktery .isem dnes rano ma
hodou nalezl, pfehazuje stare
listing r%odinne,' vysvet!uJe
lord. "Vykres je slice velmi
starl, LEI podava spravny pre-
HE'D 0 cele budove, zejmena G
jeii neobydlenem kfidle zapad
nin."
"Tusim, re je zovou "kri,
| diem duchu?" taze Sc Clarisa
Lord Everard Sc usmal. -
"Nabylo tohoto ,jmena snaC
proto, re nebylo pc mnoho let
obVvano."
"A proc tam nikdo nebydll?
PredevSim, proto, re .les'
ona cast Zamku velmi zanedbs
ma; nestalo "a naklad a mama
hanl, abych il dial znovu zfi
dit, ano jest Ma tetO stran.
mnohem vice mistnosti, neZi
= potrebujeme; mimo to koloval,
} druhdy povesti, re V onom XII;
die zjevu.ll Sc strasidla a prot
| bylo zamceno. Je to nejstarS
5 cast Zamku, pima skrysi a spl'
titych chodeb, iez pred vek.
: slouzily politickym spiklencun
/ "a utulek.'
a poji-li Sc k zamku nekte
Y ,ra zvlastni p~oyest'?' vida d.
y lie hrabenka.
$ "Oysem d velmi smutna, ia
a uz byva.ii vseehny pohadky
strasidlech,' odyetil ujec. :
MAN ia to, re kazda robin
slechticka. ktera bydli ma sta
rem zamku, pamatuie .jisto
podobnou povest'. Pfejes
Y snad uslyseti ji?"
= "Zavdecis sc mi velice!' {
Clarisa, opirajic sc o cerveno
o podusku sametovou a ziraj
nedoGkave ma lorda.
VI "Kdybych byl s~pisovatele1
anebo mel tolik obraznosti j;
ko Hubert. rozvedl bych p'
&c vest v dukladnou noyelu,"
\ smiva Sc lord Everard "prot'
Re vsak nedoStava Sc mi X tt
mu schopnosti, nutno vyprav
e, ii okolnosti TAX, jak jsem
g siysel cd matky, ktera o nil
le velnii rada vypravela. lee
lslvs: Pred mnoho lety I'll !.
z sly lord Cliffe, ienz mel TOLL
Sc jednoho potomac, dcerusku.-
a.. Mladsi bratr> lorduy mel dN
Il. syny a proto bylo ustanoven
IN starSi sym Richard yaSnp1I
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-12-06
"~PROPOSITIONv
FOR STOCKHOLDERS,
BUT HASTINGS CAME

Do you, gentle reader. rcmem.
her the story Of the funeral Mt
which the minister in charge
gave the assembled mourners an
opportunity to culogize the dear
departed? Cold silence reigned
after the minister's suggestion,
until finally one Of courage arose
and said that IL no ono had my
thing to say about the corpse,
he would like To speak q few
words about the city of Los
Angeles.
Something to this effect seems
to have happened in Grand
Forks on Monday afternoon at q
meeting OF the stockholders Of
the dcfunct Peoples State bank.
Tho meeting, according to the
notices sent out by G. o. Sven
son, crstwhilc president of said
bank, was called for the purpose
Of giving q trust company u
chance to make tho STOCKHOLDERS
Of tho Peoples State bank a
proposition"
No 'proposition" was pre-
sented, according to informa-
ton available, but it is UNDER
stood that the well known j. j.
Hastings appeared to talk in
u to the handful of stock
holders who gathered for the
meeting.
nc meeting was called for 3
o'clock in tho farmers Don Of
tho court house, F.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-12-06
ONLY THREE HAVE
U TO ORDER
CHRISTMAS TREES

Edward, Ketter, assistant secretary
Of the Commercial club, stated this
afternoon hat in the districts so far
canvassed on the Christmas tree prof.
ect, but three business men have re-
fused>to place an order for trees.
Reports still are incomplete on the
project. and not all members of the
committee handling the Inv have
reported to the Commercial club.
However. reports have beer received
from the major portion Of the terri
tory. including all of Third street, and
part of Fourth street. and DeMers
Out of this territory. there
have been but three Sefusals. Mr.. ket-
ter states.
1t is, the plan Of the club to add a
holiday touch to the business streets.
by placing Christmas trees in blocks
Of ice. at a distance Of rs feet apart.
The trees have been purchased and
are already here,
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-12-06
DEFINITE DATES
ARE SET FOR NEXT
MERCHANTS MEET

Minot, N. D.. Dec. 6.-The 1928
meeting of the North Dakota Retail
Merchants association will be held in
Minot June IL, 10 and IA, according
to word received here from w. A.
Donnelly, of Fargo, secretary of the
state organization. &
T. Welo of Velva is president of the
state association, having been elect.
ed at the last state association this
year at Grand Forks, at the time de-
cision was made to give the 1923
meeting to Minot.
The Retail Merchants association is
one of the largest of such organiza-
tons nov existing In the state, and 1t
is expected that the attendance will
number several hundred. The program
always lists many prominent speak
ers from outside points.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-12-06
Q. CHAPLIN TO
OAkRlDCE CLUB
Former Professional Here,
Engaged by Minneapolis
Organization.

No. "e-rt .#'- ..n... ~ .r#.. T.. ~
Orville Chaplin. who was profess
sional for the Grand Forks Golf club
during the last summer and also dur
ing the summer OF 1921, has been
engaged as the 9 professional for
the Oak Ridge Country club Of Min
neapolis, 1t has been learned here.
MI. Chaplin was chosen at a meet
ing OF. the board of directors'o of the
Oak Ridge club on, Monday night.
Before coming to Grand Forks Mr..
Chaplin was professional with the
Bemidji club. Last winter he was at
Ell Paso, Texas, and he is pre-
pairing to leave for the south to
spend the winter months and to COM
pete in major tournaments.
In 1920 Mr.. Chaplin won the
North Dakota open championship,
and during this last he won
the invitation open competition at
Grand Forks, with a score OF 1873
for the Sc holes, one over par.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-12-06
MELLON MAKES :.
HIS REPORT
TO CONGRESS
CONTINUED from i'ase ~

Division Of property, creation Of
trustS and the like.
To support his argument that the
high surfaces gradually are defeating
their own purpose" he calls attention
e..at Wfiie net incomes OF all classes
during the period from 1916 to 1926
decreased from $s,2sS.577,620 in 1915
to $23,735, 629.188 in 1920, and the
number of returns from 437,036 in
1916 to ~7,259,e44 in 1920, the number
decreased during the same period
from 1926 in 1915 to 396 in 1920. and
the amount of incomes YER $4,000 00
from $992,972,98 in 1916 to $246.-
354,5S5 in 1920.
In earnestly urging" prompt adop-
ton of the proposed constitutional
amendment against the further issu-
ance of tax exempt securities. the
treasury secretary says these securt-
ties. now reaching the market at the
rate Of about $1,000, 900. 900 annually,
form the Outstanding avenue" Of es-
cape from the s%urtaxes.
Pointing out that the present law
limits the tax on gain in capital trans
but puts no limit on the deduction Of
losses in such transactions, Mr.. Mellon
urges that the amount by which the
taxes may, be reduced on account Of
losses from the sale Of capital assets
shall not exceed 12h per cent Of the
amount Of such. loss.
Urges Amendment.
AS to the avenue of escape afforded
in the section of the law dealing with
exchanges Of securities, the treasury
secretary urges that the statute be
amended 80 as to limit the cases in
which securities may be exchanged
for other securities, without the real
ization Of taxable income, to those
cases where tho exchange 10 in con-
nection with the reorganization. con
solidation, or merger of n or more
corporations.
der the provisions Of the existing law
for the exchange Of property held for
investment for. other property of a like
kind, without the realization Of tax
able income, Mr.. Mellon says a tax
payer who purchases a bond for 81
900 which appreciates in value may
exchange that bond for another of the
value of $1,000. together with 500 in
cash, without the realization OF tax
able income.
Optimistic Outlook.
The past twelve months. he says,
have been marked by further liquida-
ton and recovery from depression.
and. more recently, by a substantial
of business. Prices Of COM
have risen materially, the
volume Of business has been mounting
to higher levels and labor throughout
the country IL again fully employed.
THE cal IL closing with bountiful
Crops" the report continues, ''and the
severe depression in agriculture has
been relieved: Banking conditions
generally are sound. money rates are
reasonable, and there IL sufficient
credit available to meet, all legitimate
demands.
I'm the treasury the year has seen
a reduction in the gross debt amount
Ing TO about s 1000, 600, 900, q balanced
budget for the fiscal year 1922, show
ing a surplus Of over $500, 1000. 900
above expenditures. and substantial
progress In the. r%efunding Of the short
dated debt, which has now been re-
duced to manageable proportions.
These developments are all helpful.
and afford the basis for a revival Of
and induGtrY on aOund lfneaS
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-12-06
KIWAN'l1l|ANS ] WANT
CURLING MATCH.
Five Sacks of Flour to Be
Battled for; Will Issue
Challenge.

Kiwanians are out to capture the
curling scalps OF their brother Rotar-
ians' and Lions.
At the regular luncheon held today,
members of the club passedA resolu-
ton. authorizing the Issuing Of a chal-
lenge to he Rotary and Lions clubs
for a curling match.
The stake to be battled for will be
five sacks of flour. which will be pre-
sented to the. Salvation Army for
Christmas distribution. g.
The Kiwanis club will have five
Kinks. and each one, will be comprised
of world heaters in the curling game
this being their own estimation Of
their powers.
The Kiwanians devoted their meet
ing today largely to routine matters.
John Kelly provided the attendance
prizes, which were won by DR.. G. A.
Abbott and Charles Dow. II