davidaulloa/AmericanStories huggingface dataset:
The Owosso times., 1922-03-03

to Withstand the ravages of the early
bugs which annually take heavy toll
of the seeding plants in the open
ground and make it necessary to plant
more seeds to the hill than could be
grown should they all survive.
In the larger-slzed paper pots, gladi-
olus bulbs as well as tuberoses may
be sprouted and placed in the ground
with an advantage of months
growth over the earliest date it would
be possible to plant them in the open.
The pots are so cheap in price that
they can be thrown away after using
with no real loss.
One precaution is necessary in u.s.
Ing these pots. They should not be
allowed to stand In water or the bot
main intact. 1t is necessary to provide
drainage in all but the smallest sizes
with pieces of broken earthen flower
pots, crockery or a few pebbles.
Castor beans may be given a fine
start with these paper pots which will
bring them to majestic proportions
much earlier than If planted In the
open. Planting the seeds in these
little pots saves the work of trans
planting which will become imperative
IL the seed is planted in the usual way
In seed box indoors or in rows In a
hotbed or cold frame.-National Gar
den Bureau.
The Owosso times., 1922-03-03
Feaeral-Aid Road in Western State,
Just Completed.

arged amounts of state aid, and the
new law will have tendency to en-
courage this policy. 1t will also secure
the construction of a system of inter-
state and intercounty highways, rather
than haphazard selection of roads as
in some cases in the past.
The New York herald., 1922-07-19
NEW BONDS ON SALE
TOTAL $25,OOO,OOO
Northern Pacific Railroad and
Central Indiana Power Are
Two Largest Issues.

The offering of upward of 25.o00.o00
in new bonds was announced yesterday
by various banking syndicates in New
York. This total included s6,750.000 of
Baltimore and Ohio Railroad Company
equipment trusts which already had been
sold privately.
The largest of these issues was
SIS, 800 of series refunding and inn
provement mortgage per cent. bonds
of the Northern Pacific Railway COM
pany. offered by a syndicate composed
of j. p. Morgan G. Co.. the First National
Bank and the National City Company at
SO and interest, to yield about $40 per
cent The bonds are dated January l..
1922. and mature on July /. 2o47. The
proceeds of 1.-THE issue will be used for
the retirement of the unconverted por-
tion of the Chicago, Burlington and
Quincy Railroad Company joint 6h
per cent bonds, which have been called
for redemption as Of July 81.
The new issue is callable at los and
interest any time after 1852. They are
issued under authorization granted some
time ago by the Interstate Commerce
Commission, which gave permission for
the issuance of S115,554,000 of these
bonds to refund the joint 61ss. The
latter. however, were convertible up TO
July 12 into Northern Pacific refunding
and Improvement mortgage 6s. series b,
maturing in 2047, and it Is understood
that all except the sS,702,300 provided
for by this new issue have been con-
verted.
The New York herald., 1922-07-19
Average Bond Prices
Tuesday, July Is, 1929
BOND NEWS AND NOTES.

The general firmness of bond prices
yesterday was simply one reflection OF
the more cheerful spirit that pervaded
Wall Street. The outstanding strength
Il stock quotations, the more optimistic
European news and the feeling that con-
Citions In both the railroad and coal
strikes were improved promoted in
creased activity on the buying side,
which brought the days total transac-
tons well over the S12.0n0,000 mark.
c, impaired with Mondays sales of sS.139.-
coo. The late rise in call money rates to 5
pei cent. was ignored. Speculative bonds
icse largely in sympathy with stocks.
The higher grade obligations all made
advances. The United States Govern
ment group acted well at first. but closed
around their lowest levels, with the 3hs
unchanged the first " s off IL cents. the
fourth 4As off cents and Victory ~ s
unchanged. Early in the day the fourth
Az S made new high at 10L0S. The
second Ans, which touched 100S0, were
also in good demand during the first few
hours. Rails were steady and foreign
Issues fractionally better.
The New York herald., 1922-07-19
Ann Arbor
1st As 1895

1....... 6gn
Armour & TO
1sf AL.s fQ2O
The New York herald., 1922-07-19
victor Fuel Co. First Is.

A bond issue whose security is classed
as high and which also has some at
tractive features as speculative propo-
sition Is the first mortgage s per cent.
issue OF the Victor Fuel Company, now
the victor-American Fuel Company.
which can be bought to yield better than
7 per cent. These bonds. which are
listed on the New York Stock Exchange
are outstanding In the amount Of
s1,713.000. They are issued on July l.,
1903 by the Victor Fuel Company and
were assumed by the Victor American
Fuel Company when the first named
company was absorbed In 1903. The
mortgage behind the issue covers 1858
acres Of land owned in fee and all Of
the equipment, valued at $1.733. 900.
The bords are also secured by the de-
posit of all OF the outstanding s300.Olo
Of Colorado and Southeastern Railway
Company first per cent. bonds. A
sinking fund OF two cents a ton Of coal
mined is provided for the purchase or
redemption of these bonds, at not more
The New York herald., 1922-07-19
Union Tank Car Equipments.

A short term equipment obligation
which seems to be somewhat behind the
market for we'll secured easily mar
keted securities is that of the Union
Tank Car Company. which can be bought
on the New York Stock Exchange
around 1881 ". to yield about 61a per
cent The company is a large builder
and lessor OF tank cars and at present
stands as one of the first corporations
IN that branch of industry. In 1920
funds were needed for expansion. par
t'cularly in the furthering of plans for
building It's own cars, and an Issue
Of $12,5O0.000 of per cent. equipment
trust certificates was floated through a
New York banking syndicate. The GER
tificates are secured by an equipment
trust agreement on 1850 all steel tank
cars of 5000 gallons capacity and 1860
steel tank cars Of 10000 gallons capac-
ity Under the indenture the company
agrees to pay to the Equitable Trust
Company as trustee not less than
$1,250,000 a year as a sinking fund,
payable in semi annual instalments,
which money is to be used by the trustee
for the purchase Of such Of these notes
as can be obtained at not more than
par. Any unexpended balance when
notes cannot be obtained within the limit
price after thirty days may be applied
to the purchase of notes at not more
than 1924 and interest, or 1t may re-
vert to the company on the subsection
by the company to the trust agreement
of additional tank car equipment
The New York herald., 1922-07-19
Central IndiSna Power es.

The Central Indiana Power Company,
which has acquired control of the Mer.
Giants Heat and Light Company, the
Wabash Valley Electric Company, the
Putnam Electric Company and the Cay
usa Electric Company, all Indiana cor
porations. has sold to a syndicate, in
Guiding Halsey. Stuart & Co.. A. B.
Leach & Co. and Paine. Webber & Co.,
s7.500.000 Of its first mortgage collateral
end refunding 6 per cent. gold bonds,
Series A. due July 1. 1947. The issue
VIII be secured by first lien on all out
standing bonds of the acquired proper
ties and on not less than rs per cent. OF
their issued voting stock. The bonds
are being offered at 951a and interest
to yield about 6.35 per cent.
The New York herald., 1922-07-19
sears, Roebuck to Retire Notes.

That Sears. Roebuck & Co, is i'm
proving it's financial position is indicated
in a statement OF A. II. Loeb. vice -presi-
dent. who says that the company already
has bought up about s3.50o.00o of its
notes due next October and that the
outstanding balance due at that time
will pc paid. 1T is very probable" he
says. that arrangements will be made
TO retire simultaneously the $4,000, 900
due the following October" In local
banking circles the belief exists that
plans now under way probably will leave
Sears. Roebuck & Co. free from funded
debt next fall with only its sS.000,000
of per cent. preferred stock as its
senior obligation.
The New York herald., 1922-07-19
NEW BANK IN EGYPT.

The Banco Di Roma Per LEgitto Ed
II Levante announced yesterday that II
has taken over the Egyptian branches of
the Banco Di Roma. as from July 1. The
new bank will have a capital OF 1000. 900
Egyptian pounds II has been incor-
porated under the Egyptian laws and
will have it's main Office in Alexandria.
Several Of the most prominent business
leaders In Egypt are among tho banks
directors.
The New York herald., 1922-07-19
Ala Midlaf
Us 1928

a.. lvVH
Am Ag Chem
TVS 1S4l
The New York herald., 1922-07-19
Republic of Bolivia ss.

Notwithstanding their many attractive
features. the 8 per cent bonds OF the
Republic Of Bolivia, listed on the New
York Stock Exchange. can still be bought
around 101 to yield about 100 per cent.
These bonds were brought out some
weeks ago and were quickly sold by the
banking syndicate. The security behind
the issue appears to be very good. 1t
consists of q first lien and charge on all
import and export duties. surcharge on
import duties and taxes on mining
claims, alcohol monopoly, 80 per cent. of
the tobacco monopoly. corporations other
than mining and banking. interest on
mortgage cedulas, net income of banks
and net profits of mining companies.
They are also first lien and charge
on the Governments controlling stock in
terest in the Bolivian National Bank and
dividends on that stock. Further Sc
curity is offered by a first mortgage on
the Atocha-Villazon Railroad, now under
construction, and the Potosi-Sucre Rail-
road. to be constructed. together with a
pledge of the net income Of such rail-
roads. In case the foregoing revenues
and taxes should at any time be insuffi-
cient to meet the requirements of the
loan. the Government of the republic
agrees to provide any deficit out of its
general revenues. The bonds may not
be called for a period OF fifteen years.
and after that will be callable at 1o5
and interest Average receipts from
taxes and revenues specifically pledged
for ten years ended with 1921. amounted
to an average OF $4,S00.000 II converted
into dollars at the average rate of ex-
change for that period. This is equiva-
lent to twice the fixed annual SER
vice charge on the loan. Provisions are
made for safeguarding the collection Of
the revenues pledged under this issue
and a sinking fund is provided which Is
expected to retire the entire issue be-
fore maturity II the bonds can be bought
at or under los and interest during the
nm n q Ii q hle nerind 4
The New York herald., 1922-07-19

-. -.
Chi & w Ind
15-yr 7hs IS
.. .l02L
Chi e. " Ind
cons IS 1862
1....... 20
b....... 14A
1....... 40
The New York herald., 1922-07-19
than 105 and interest. The issue under
lies the Victor-American Fuel Company
first and refunding IS of 1910.
Atlanta ana Charlotte Air Line.

Another we'll rated railroad bond
which can be bought on a basis Of bet
ter than per cent. is the first mortgage
series per cent. issue Of the Atlanta
and Charlotte Air Line Railroad Com
pany. maturing in 1914. These bonds
are legal for investment by savings
banks in Michigan, Minnesota, Wiscon-
sin and New Jersey. They are guaran-
teed as to interest by the Southern Rail-
way. which leases the road in perpetuity
at an annual rental Of interest on debt
and 8 per cent. a year on the stock. OF
which $1.700.000 is outstanding, none
owned by the Southern Railway. Thers
are $14,500.O00 of the 5s outstanding,
which are equally secured with $5,5O0,-
900 Az s by first mortgage on 263 miles
of road from Charlotte, N. c.. to Atlanta.
Ga, forming part of the main line OF
the Southern Railway Company. About
thirty-nine miles of this line Is double
tracked and the balance is being double
tracked. These bonds are listed on the
New York Stock Exchange.
The New York herald., 1922-07-19
INVESTMENT NOTES.
New York Central sMs.

For the investor to whom the yield Is
Of little Importance in comparison with
the safety Of principal over a long term
OF years, the " per cent. refunding mort
gage bonds of the New York Central and
Hudson River Railroad Company. due In
1897, commend themselves. So heavy
has been the demand for securities of
tEir type that at current quotations they
yield only about 4 " per cent. They are
OF the highest investment rating and are
legal for savings banks in New York
State as we'll as a number of other
States. There is $94,000,000 of this
issue outstanding out of an authorized
amount Of 500, 100000. The security
behind the bonds is as follows: A first
lien on almost S56 miles in New York
State; second lien on 655 miles COW
cred by the first lien Of the Spuyten
Duyvil and Port Morris first hs; Cow
erneur and Oswegatchie first 5s; Car
thage and Adirondack first 4s Carthage.
Watertown and Sacketts Harbor CONSOLE
dated 5s; Utica and Black River first As
and Rome. Watertown and Ogdensburg
5s. As and 31as a third lien on 241
miles covered ty the first lien of the Mo-
hawk and Malone first As and the New
York and Northern first 5s. These bonds
are also a lien on about 5S5 miles of
leasehold interests In New York, New
Jersey and Pennsylvania. and a lien on
II miles Of trackage rights in this State
and New Jersey. Further security is Of
fered by lien on s375.000 OF a total
capital stock issue of 100000 OF the
Hudson River Bridge Company. which
owns the two bridges over the Hudson
at Albany. and on all Of the real estate
owned and used in connection with the
Grand Central Terminal, subject only to
the rights therein of the New Haven.
Prior liens aggregate $27.732.000.
The New York herald., 1922-07-19
baltimore and Ohio Railroad.

1t is a little unusual in the current
bond market to find high rated. well
secured railroad bond selling at point
to yield So per cent. and even better.
This Is true, however. of the Baltimore
and Ohio Railroad Company. Pitts
burgh, Lake Erie and West Virginia
system, per cent. refunding bonds. due
in 194. listed on the New York Stock
Exchange. This is one of the under
lying issues of the Baltimore and Ohio
outstanding In the amount Of $43, 900. 600.
These bonds are redeemable as a whole
only at par on any interest date on
three months notice after November.
1925. The issue Is secured by direct
or collateral lien on more than l,643
miles Of road. including the following:
A first lien on more than 262 miles IN
Ohio and West Virginia second lien on
more than 5S1 miles, covered by the
first lien of the Ohio River Railroad
general As; the Huntington and Big
Sandy Railroad first 6s; the Pittsburgh.
Cleveland and Toledo Railroad first IS;
the West Virginia and Pittsburgh first
As; the Cleveland Terminal and Valley
Railroad Company first As, and the Bal
timore and Ohio, Pittsburgh and Mid
ole Division Junction first 3Hs; third
lien on 309 miles, covered by the first
lien of the Ohio River Railroad first
IS and the Central Ohio Railroad con-
solidated 4ias; fourth lien on 1884
miles covered by the first lien of the
Cleveland. Lorain and Wheeling first
consolidated 5s. The bonds are also q
collateral lien on more than 2S2 miles
through the deposit of stocks and bonds
Of subsidiary companies. In addition.
security is offered by the deposit of
approximately s19.co0.00o underlying
bonds. Prior liens amount to $2s,50S.5 SEQ.
The New York herald., 1922-07-19
LONDON wool AUCTION.

LONDON. July 1s-A large number OF
buyers attended the opening of the fifth
series of wool auction sales heer to-day.
There were 1902 bales offered. Competl-
tion was strong and prices were firm. Com
pared with the closing rates OF the last
sales most grades were unchanged to ; per
cent denrer. The home trade and France
bought freely there was fair demand from
Belgium and all the offerings were practi-
callv cleared.
The New York herald., 1922-07-19
HEAVIER Products Mortgage.

For the purpose of issuing s4.000.00t
Of 20-year ~ per cent. sinking fund
gold bonds. the Beaver Products Com
pany. Inc. OF Tonawanda. has secured
a mortgage for that amount from the
Central Trust Company of Illinois. The
mortgage is dated July 1. and was taker
out by consent of the majority of stock.
holders
The New York herald., 1922-07-19

Empire G 4 f
15-yr Tvs 81
cerfificafaa
The New York herald., 1922-07-19
New school OHerfng.

Sherwood & Merrifield are offering a
new issue of $225,000 Town OF Nortn
Hampstead, n. ". union free school dis
trict per cent. bonds. due serially July.
1881. to 1912. inclusive. on a basis to
yield 435 per cent. These bonds are
legal for savings banks and trustees
and are exempt from taxation In New
York State. They are also exempt from
Federal income taxes. both normal and
surtax.
The New York herald., 1922-07-19
Equipment. Sold Privately.

A syndicate composed of Kuhn, Loeb
& Co., Speyer & Co. and the National
City Company have placed privately
s6,750.000 of Baltimore and Ohio Rail-
road Company per cent. equipment
trust certificates. it was announced yes
terday. The notes were sold at prices
showing an average yield of 5A per
cent.
The New York herald., 1922-07-19
Peru Issue to Yield Per Cent.

new issue of s2.50O.OO0 of ten year
external secured s per cent. gold bonds
of the Republic of Peru is being offered
by Blyth. Witter & Co. and White, Weld
G. Co. The bonds are a direct obligation
of the Republic of Peru and are secured
by first lien on all the taxes from the
petroleum industry, which are estimated
at approximately s1.00O,00O for 1922
The issue is offered at 100 and accrued
interest.
The New York herald., 1922-07-19
New Nova scotia 81.

Bids are to be opened on August
for s2,000,000 of twenty-five year 5 per
cent. bonds of the Province of Nova
Scotia. Bids will be received in either
Canadian or American currency.
The New York herald., 1922-07-19
Awards Yonkers Issue.

Comptroller Ferguson of the city oi
Yonkers. N. " has awarded s1.S01.00t
Of It's 4.30 per cent various improvement
bonds to Lamport Barker a Jennings
at 10169.
The New York herald., 1922-07-19
Crown Cork and Seal Bond. Sold

The issue Of $4.000,000 of first mort
gage, per cent 20-year sinking fund
gold bonds of the Crown Cork and Seal
Company of Baltimore, which was Of
fered yesterday, has been sold, according
to the National City Company.
The New York herald., 1922-07-19
Lee County, Fla. Issue,

J. S. Bache & Co. are offering $4,000
Lee County. Florida. drainage per cent
bonds due serially June 1. 1926 to 1912
at 100 and interest to yield 6 per cent.
The New York herald., 1922-07-19
prNNsyrvANTA on. n

OIL CITY, Pa, July 1s.---Credlt balances
$3.50. Runs s3.o49; average. 43.240. Ship
ments, 104, $780, average, 50.590.
The New York herald., 1922-07-19
DIVIDENDS.
Stock OF
Record. Payable

stock OF
Record. Payable
Durham Hosiery Mills pf.,
a., Sits ..................J July 2s Aug. I
Rosenbaum Co., si......... July 2J Aug. I
Waypoyset Manufacturing Co,
a.. 81 July 20 Aug. I
Waypoyset Manufacturing Co.
The New York herald., 1922-07-19
Brazil SIS 1871
New York Cityfl

| Adams Elk Co
cl I As 1913
10. so
6....... so
| Ajax Rubber
! SIS 1915
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-05-14
A Vagabond in South America

'e's a great man; 'e's The
fellow what wrote the Declaration
of Independence, composed the
Lords Prayer and invented the
victrola. 'E's the only man
that Mary Pickford ever really
loved!'"
The most exotic part of these ad-
ventures is the trip overland through
the little Travelled Amazonian jungles
to Brazil. The opportunity was Of
fered to accompany two high off,
Gals Of Protestant missionary So
ciety over this dangerous route; and
the humor of such bizarre part
nership loses nothing at the hands
Of Mr.. Foster. One is tempted to
quote extensively from this pic
turesque narrative, including a score
of hairbreadth escapes from poison
Gus snakes, beasts of the jungle and
hostile Indians-but the imperative
limits Of space make it necessary to
leave the reader to make these pleas
ant discoveries at first hand. One
final anecdote, however, insists upon
being reprinted. Upon reaching
Iquitos. Peru's most isolated city, the
party was met by the British Con-
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-05-14

OF his examination which presents
it as a farce. Thereafter the book
is taken up with the details OF his
prison life.
1t may be admitted at once that
this description is luridly effective.
1t tells hideous story. with a rare
minuteness of detail, with much pic
turesqueness of diction and unde-
niable rhetorical power. In the often
repeated phrase Of the book itself,
Ca pue. 1t is meant to reek. and it
does reek. No form Of filth is un-
printable for it. though it does some-
times cover itself with the French
instead OF the English word. II wal
lows. 1t not only delves into the
dung hill but shouts about the treas
ures it is turning up. One gathers
from 1t that the French military
prisons were unspeakable horrors Of
unsanitary stupidity. Of incredible
brutality and savagery.
On the other hand we are intro
duced to many amiable characters
among the prisoners, of all nation
alities. not forgetting some who had
had the misfortune to be born in
Germany" There is scarcely a
Frenchman in the book who is not
either a monster or a comic alb
surdity.
If Mr.. Cummings narrative is
taken at his own valuation he was,
beyond 6oubt, entitled to complain.
But beside protest and what might
pass for honest Indignation there
is also snarl. sometimes a whine,
and always a virulent malice in his
complaint, reaching from his own
commanding officers in the Ambu-
lance Service. where he was a driver
to almost every official. French or
American, with whom he deals. The
book in itself is distinctly unsani-
tary.
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-05-14

THE ENORMOUS ROOM BY Z. E.
Cummings. Boni & Liveright.
"HIS is an uncanny book. One
puts it down with a feeling
Of nausea, which is doubtless
according to the writer's intent, but
also with strong conviction that
it is a book which never should have
been printed. 1t serves no purpose
except to disgust. For, even il one
takes Mr.. Cummings narrative ex-
actly at its face value, making no
discount for any possible exaggera-
ton. granting that he was the VIC
tim Of injustice and as such is en-
titled to complain, and granting also
that there is no other Interior mo-
tive in writing it the book never
theless leaves one quite unconvinced.
The author has succeeded in giving
a singularly unpleasing picture of
himself and his fellow victim; so
much so that the reader is COM
PEELED to suspend judgment-realiz-
ing that there is obviously another
side to the story. which Mr.. Cum
mings carefully does not tell.
In brief, the facts as alleged by
Mr.. Cummings are that he and an
other young American, designated as
B. were arrested, in October,
1917, by the French Government, on
suspicion of being spies. that they
suffered several months imprison-
ment at various prisons and camps
and were finally released and allowed
to return to America. So far as any
basis for the arrest is limited it ap-
pears to have been due to certain let
tiers written by B. which We're
misunderstood" by the censors, and
that Mr.. Cummings was taken along
chiefly because of his friendship for
this B. He gives an account
The New York herald. [volume] (New York, N.Y.) 1920-1924, 1922-05-14

sui, whose cordiality took on a more
genuine tone when he discovered
that Mr.. Foster was not one of the
missionaries.
81 suppose I'm prejudiced
against sky pilots" he told me
confidentially. Last time the
bishop of the Falklands was down
this way, you see, had to go
down to welcome the jolly beggar.
said to him nicely, said /. Let
me carry that suitcase for you,
your Excellency.' And he just
looked at me and said, said he.
Young man, I'm not your Excel
lency; I'm your Reverence So
I said to the bally rotteT, said I,
'Right-o. your Reverence. carry
your own suitcase and be
damned"
Such are some of the high spots
in this volume: and backward
glance reveals the significant fact
that only a small proportion of them
have an inherent connection with
the tropics. which only goes to prove
the opening contention that Mr.. Fos-
ter's interest lies first OF all in his
main subject-human nature-and
only secondarily in his chosen stage
setting Of the Andes and the ANA
zon.
FREDERIC TABER COOPER.