davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal., 1922-06-08

bulk vealers to packers 1025n 100;
few at 1925.
HOGS-Rcceipts 1000; opened S to
10 cents higher than yesterdays av-
"rag"; later early advance lost; closed
active or steady to 10 cents higher
than yesterdays average: early top
100; bulk 1O15GI 1895: bulk good 17O
M220-pOund averages 10S5m 1895: bulk
good 22D to 3O0-pOund averages 1050Np
1853; pigs steady to strong. mostly 975
q 1850: hOldover moderate.
SHEEi-l;cccipts 1900: spring
lambs closed strong: other classes
steady to weak; two decks choice
springs to city butchers 14S5M 500;
packers top 1875; bulk good at 1850
culls Nh0n $50; top shorn lambs 1900;
top ewes 700; bulk 400M 675.
Daily Kennebec journal., 1922-06-08
Chicago Cattle Market

INICdSO. JUne Z.
CATTLE-Reccipts $4,000; beef
steers generally steady: common ard
grassy kinds closing 10 cents lower:
top beef steers $50; top yearlinSS $40:
bulk beef steers $3.50 900; better
grades fat She stock fully steady;
other grades. Gamers and cutters slow:
spots 10M1J cents lower; bulls strong
to 10 cents higher; veal calves strong
to IS cents higher; stockers steady;
Daily Kennebec journal., 1922-06-08
ANNOUNCEMENTS
Personals

] INVALIDS-A small number cared for.
Mild mental cases given special atten-
,ion. Write Mrs. Rose lockwood Nc
Kissick. Belgrade. Me.
Daily Kennebec journal., 1922-06-08
lIONTVILLls

Herman jackson is driving Il r,cct
cart for tarl Ilowcs.
. Harold Nuttcr will close terra of
school in Davis District. South Free
dom this week.
j. +. Nuttcr was at Pcma1ud.
Monday.
Miss Hazel Penney VIII close a
term Of school at Ha,lGGlc, June
10TH.
quite number from this town
attended the Junior p"':e speaking
and the graduation at Freedom this
week.
Daily Kennebec journal., 1922-06-08
Lawn Mowers Sharpened 28- B

LAWN MOWERS SHARPENED-Ry
the hollow grinding process. We
have made a life study of lawn NOW
crs and can make them cut like a
razor-and the price is one dollar.
which includes calling for it and de-
livering it, Just telephone 222 and
we Will do the rest. Wcbber's, 10
hickman st.
Daily Kennebec journal., 1922-06-08
New York Money Market

~NtN L VI NJ d tiit &.
Foreign exchange steady.
Great Britain. dcmand 4.50l. cables
4.50S. 60day bills on banks 4.4St.
France. demand 9.13, cables 9.f3A.
Italy demand 5.213. cables 5.22.
Belgium. demand S42i, cables S.43.
Germany demand So, cables .35E.
Holland, demand 39.03. cables 39.0S.
Norway. demand 1913.
Sweden. demand 2605.
Denmark, demand 22.00.
Switzerland. demand 1920.
Spain. demand 15.SI.
Greece. demand 4.23.
Poland, demand .G23.
Czecho-Slavakia, demand 1.92.
Argentine. demand 1872.
Brazil, demand 400.
Montreal. .995.
caII money Caster: high 81, low 3.
ruling rate 81. closing bid 3, offered
at 81, last loan 8.
Call loans against acceptancos 81.
Time loans easier; GO days, 80 days
and six months IA
Daily Kennebec journal., 1922-06-08

Used CAR BARGAINS-In Ford.
chevrolet and Oakland cars. at Brad
street Motor Co. Hallowell. Prices
lnW. Tel 725-W.
Daily Kennebec journal., 1922-06-08
Baby Carriages Retired pa

BABY CARRIAGES RETIRED
our real live rubber wears longer
and our improved method of shrink
ing them on prevents their becoming
loose. The price is 30 cents per
wheel. Just phone us and we will
do the rest. Wetber's, 10 Dickman
'phOno o"o
Daily Kennebec journal., 1922-06-08
BUSINESS SERVICE
Wanted-Business Service

tract logging and saving boundary
eight million feet yellow pine near
Ridge Spring, S. c., or will sell tim
Der and purchase mill cut. +. l..
Doyle. 10th & Botanic Ave. Phila.. Pa
Daily Kennebec journal., 1922-06-08

NElIE ROADSTER-ln good condi
TON. must he sold at once. tall after
. o'clock or write - Pleasant st. Tel.
Ns-p
Daily Kennebec journal., 1922-06-08

WHEN Rt'YING-A used Ford. don't
forget the little shop with the big
bargains. Arsenal street Garage.
Tel 911-W.
Daily Kennebec journal., 1922-06-08

lp2l bort touring car, run less than
5000 miIos, five good tires; will sell
for 500: a real bargain. A. a. Soule,
Hq Melville st Tel. l59-W
Daily Kennebec journal., 1922-06-08
ow Many Of These Little hdexed Ads Are Interesting to You
REAL ESTATE FOR SALE


Is ACRES-1i miles from Gardiner, 6
room house. good barn, hen houses,
orchard. nice early land. Price s2000.
ID. 5. McNaughton. Gardiner.
73 ACRES-lGquipped lakeside farm,
convenient q II. r. town, high school;
estimated 300 cords wood, also 200
cords cedar cor siderable timber. To-
room house In good condition: 40 IT.
barn for cows: poultry house and
stat e: apple trees, pears. grapes
berries AMI currant~. beautiful lake
ana scenery. Also / COW. heifer. pig
Il rs. furniture. ice. 4 cords wood.
farming to7ls and ms chinery. Ev-
erythng complete $500. $500 down.
List of tools on application. John
X. Richards. Pennington, Me.
l05 ACRE TARM-With stock and
tools. Price S2100, $500 cash. l. d.
Lincoln. Readficld. Me.
110 ACRES-Farm. 80 acres cultivate
ed. extra good land; great appearance
of hay this year; orchard: 7-room
house. big barn: good water; several
hundred cords Wood, some lumber; n
miles from Gardiner; fine pair horses.
good cav. all farming tools and
wagons. Big bargain S2700. d. S.
McNaughton. Gardiner.
Daily Kennebec journal., 1922-06-08
Situations Wanted-FemaIe 8
INSTRUCTION

Private instruction as
] II.SSONS-ln horseback riding, ST. per
hr. Louise Skene. East Winthrop,
Tel 33-3
Daily Kennebec journal., 1922-06-08
CLASSIFIED ADVERTISING
KENNEBEC JOURNAL
sadsssA For ouicH Reference
LINE RATES PER DAY

LINE RATES PER DAY
(count 8 words to the uns)
Prepaid charge
! nay, less thaa . nnss lie $50
] Nay, four uaeo or moro &c 50
Consecutive Days SO 70
= Consecutive Days 50 &c
10 40 aecspsso Sor less saan 2sc.
opec1aI long.serm 3atso for DuS1neS0
Advert1SerS upoA 3s0us
Daily Kennebec journal., 1922-06-08
MISUNDERSTANDING

DRESS SMAKING-Ladies and chill
dren's. Grad. dressmaker in charge.
Mrs. Robinson, Il Spring st. T. IS Nj.
PLAIN SEWING-Chidrcns dresses n
speciality. III State st. Tel. 61S-W.
Daily Kennebec journal., 1922-06-08
EMPLOYMENT
HeIp-MaIe or female

TWO COOkS-For Summer camp, pre-
ferably man and wife. Steady en-
ployment if desired. White Box 295,
WatcrylIe Me.
Daily Kennebec journal., 1922-06-08

Nutocar truce. thoroughly ovorhaulcd,
uuo-tou capacity. Al condition.
second hand bort touring car, good
tres, good mechanical condition. $3.50
Daily Kennebec journal., 1922-06-08
LIVE STOCK
Dogs, Cats. Pets

COLfHE PUPS-Eight weeks old nice
ly marked. little beauties and Regis
tered Stock. Price very low. Tel.
10fI-W.
Daily Kennebec journal., 1922-06-08
Heating and Plumbing


McNAUGHTON AGENCY-All forms.
Let us quote before you place your
insurance. McNaughton Agency,
Gardiner. Phone 63.
Daily Kennebec journal., 1922-06-08

D-Spinners on Davis and
Furbcr mules. Wyandotte Worsted
Co., Watervillc. Maine.
Daily Kennebec journal., 1922-06-08
MERCHANDISE
Articles for Sale
Fuel and Feed

SOF'T-kindling wood by load or {
B. w. Drisko. Gardiner. Tel. 2S,
Daily Kennebec journal., 1922-06-08
AUTOMOBILES
Automobiles tor Sale

Automobiles tor Sale ~
IU.ICK TOURING CAIs-Overhaulod
ana painted Price reasonable. Call
foronoons. y School st.
VROLET-Touring car, 1920. Call
j II. CoGan Co. lS7 Yater ST.
TORp-Touring car in first class con-
di'ion 1921 model owen Turner.
ToL e5i-M.
%Mnl's" :",ro 'G%rnF qcr onams9 demoa"'q6Is 6p
Ralph Mairs. 179 Water St, Gardiner.
FoED-i92l touring. Hasslor shock
abeorhcrs. newly vanished. a. B.,
car" Journal Augusta.
IOED CARS-Two second hand, in
good running condition. Also some
Wol broken ponies. Write or phone
w. T.. Wares stable. Water Street
Skowh"gan. Phone ~.
FORD TOUR1NG-pricc Sion. Call
after $50 I. N. J. a. Lee, Riverside
prn". Tel 32S-t2.
~ IT Is NOT-Conycnient for you to
cali on us. just telephone your wants
and we will have the car YOU d =
scribe at your door any time. in the
daN or evening. Arsenal street Car
ace Tel. S77-W. If it's a Ford we
nave II.
NASH 1919 touring.
lfhNllU l'lN' itlh4ht'b 'lli NdA
nishod
Two t9ia Chovrolets.
lQ16 chevrolet.
19i7 overland touring.
- VI { truck.
Easy payments II desired. Wadleigh
E SON, 81 'onr 50. Tel 1167-M
VERLAND-Touring car; good me-
rraplcal condition. 1875. Also Oak
land six-Cylinder. fvc-passenger
touring; good running order. $40.
East side Garage. 81 conY st.
STUpEBAKER-7 passenger touring,
IN good mechanical condition. Five
good tires. $500.
Autocar truce. thoroughly ovorhaulcd,
cuo-ton capacity. Al condition.
second hand bort touring car good
tres, good mechanical condition. $3.50
for quick sale.
lael bort touring car. run Jess than
1000 mtlcs, five good tires: will sell
for 500: n real bargain. A. \. Soule,
~ Melville 81. Tel l52-W.
Used CAR BARGAlNS-m Ford.
chevrolet and Oakland cars. at Brad
street Motor Co. Hallowell. Prices
low Tel. 735-W.
NELlE ROADSTER-ln good condi-
t.on must hc sold at once. Call after
. o'clock or write - Pleasant st. Tel.
Ss-G
WHEN BUYING-A used Ford. don't
forgot the little shop with the big
bargains Arsenal street Garage.
Tcl 977-W.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-08-17
Red Rock Building

RED ROCK.--A large force OF men
are employed each day building the elec'
trlc high l'ne TO Ponca City. Much ma
terlal has arrived and locations Tor poles
have been marked. The line will pass
through Marland. That city probably
will connect with the line.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-08-17

This production just covers the first
six months Of the year. There yet re-
mains 10 be marketed the grapes,
peaches and more poultry. And the
fine thing about 1t is that production
is increasing each year.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-08-17
HAY MAKING BEGINS
IN CHEROKEE COUNTY

TAHLEQUAH Farmers are now
busy putting up the immense hay crop
on the r.any small prairies scattered
about over the country. Cherokee
county has large number Vt small
prairles which We're once covered with
native grass but, most Of which have
been converted into farming land. how
ever. there are many fields Of grass
still saved for hay purposes and the
crop OF native hay this season will
number many thosand Of bales. Ow-
ing to plenty OF rain throughout grow
Ing season the grass has made an eX'
cellent growth and the crop will be
much above the average In yield and
quality.
Since siotage facilities on many farm
are limited much OF the hay crop
is sold as soon as baled which not only
cuts down the expense OF the produ'
Ger. but gives the buyer the opportun'
ity Of getting supply at a reduction,
as we'll Ls getting the hauling and stor
Ing done while farm work is not pres
sing. Good native hay q bringing 20
cents per bale Ia the field. The same
Is being delivered IN town ut ~ cents
per bale.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-08-17
FORMER OFFICER Is
HELD In SERIOUS CASE

OKEMAH. Okla. Probably the
largest crowd that has ever attended
a preliminary criminal hearing in Oke.
nah was present when Matt L. Leard
q former deputy sheriff was held for
trial on = charge Of having criminally
assaulted Miss Callie Cooper. 20. 1921.
Justice Lawrence held him without
bail. The defendant was taken TO
Okmulgee and lodged In jail there be.
cause Of the revolving circumstances
of the offense.
Leard was recently apprehcnded in
Louisiana 10 which place he fled fol.
lowing his escape here from Sheriff
l.. NJ Collier and a force OF officers
while they We're taking him 10 Hol.
denyile for safe keeping. The alleged
| assault ACQUIRED while Beard was tax.
ing Miss Cooper to her home. She
said he drew revolver on her TO ac'
complish his purposes. On the stand
Leard testified the girl consented 10
I his actioas.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-08-17
FARM WOMENS
CLUB WORK IS
RANKING HIGH
Delegates Preparing for Con
gress at saltwater Next
Week; Banner Year
in Sight.

Farm woman's club work IN Carter
county was never more alive than it Is
at present, and under the direction oi
Mrs Minnie q. Church. county home
demonstration It has developed into one
Cf the county's lyest institutions. At
present interest centers on farm wo
mans club day at the farm congress az
saltwater Wednesday August %, al
which time delegates viii be present
from q majority OF farm womens clubs
VI the state.
The special work OF the clubs at pres
ent is the preparation OF fruits and
vegetables FOR exhibit AZ tho county ana
state fairs. this promises to be a ban
ner year in Carter county. and the eN'
hbit at the coming county fair Will
Surpass anything OF the sind ever ci'
tempted in this county.
one Of the banner clubs OF the county
is located at Union Springs, and the
members promise "a large and varied
exhibit this season. this club like all
In The county IS alive 20 the real IN
terest Of the welfare of their children
aud OF their community. This clul
was instrumental in getting au rlectrl,
light plant for their school, and the cul
had community celebration after III,
lights were installed
Mrs. church states hat she is prou,
OF the work being accomplished. hu
further remarks that she Is but In IN,
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-08-17
STATE FUNDSFOR
. ROAD To TURNER
FALLS SUGGESTED
McCulley Would Have Citi-
zens Ask Legislature for
Appropriation to Do Work
in Murray County.

State funds to build u highway from
Ardmore to Davis by way Of Turner
Falls, Is suggested by b. G.. McCulley.
county engineer. He would have a
committee of Carter and Murray county
citizens 20 before the state Legislature
and ask for sufficient appropriation
TO pay for part of the road.
Mr. McCulley said that Carter county
would be able to take care of the work
out OF county funds as far as the
county line. but Murray county. lack
ing IN taxable wealth, would hardly be
in position 10 do 80, for that reason
he argues that the state should make
the necessary appropriation.
This highway does not mean 80
much to the citizens of Murray county
as ii will to Carter county, and .espec-
tally Ardmore. In the first place 1t
would shorten the distance between
Ardmore and Oklahoma City approx
mateiy % miles, and at the same time,
make accessible one of the finest sum
mer resorts in the state.
AlS highway III iAp
effect sulphur. That city. as "a resort,
will always remain, but il would give
Murray county another fine play ground
ana would be "a refuge for tired tour.
lists from all over the state.
In my opinion 100000 would 'bt
ample to carry out this project. and J
believe # people OF Murray and Car
ter counties get to work on the project
at once ard give it wide publicity, the
matter can be put over, AT any rate
will take the matter up with the
Ardmore chamber OF commerce within
n short time. and see what we can dc
about the proposition"
If plans of the engineer materializ'
i strong resolution will be prepared
and presented to the legislature which
meets in January.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-08-17
BUILDING FAR
BEHIND IN ]. 5.
Would Require Increase of 25
Per Cent for Ten Years
to Catch up, Economist
Asserts in Report,

CLEVELAND. O.-The shortage OF
building construction that has been ac'
cumulating in American cities since
the outbreak of the war Is now SO great
that It would require building opera
tions at rate of 20 per cent above
normal for 10 years 70 make up the
deficit, according to a report issued by
the Cleveland Trust Company. Col.
Leonard p. Ayres, the banks econom'
ist reached this conclusion as re-
suit of study Of building operations IN
50 leading cities for the last ~ years
The shortage began to be evident In
1916, Col. Ayres said, and has increased
In every year since. II Is now so grea'
that on the average, II would require
the full.time efforts OF the building in
dustry for nearly two and half years
10 make it up, the report continued.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-08-17
DIVERSIFICAIION
RECLAIMS FARM
Old Pasture Land Is Making
Good Living With Profit
for Welch Citizen;
Less Work, Too.

WEIGH. - Welch has fine ex-
emple of the success of fruit ana
poultry raising on the small farm.
William Pee, fruit and poultry grow
er. living one mile north, belivese in
doing everything scientifically ana do
ing it well. As a result he is actually
producing more in value on a small
rocky farm than many farmers produce
on large acreage.
A few years ago Pee bought the
pasture of Uncle Jake Dobk!ns, tract
that had been regarded as too poor foi
anything but pasture. and put OUT
Strawberries and different kinds of fruit
bearing trees and vines. Moreover he
started poultry raising in small way.
His flock consists Of lao Golden Wyn'
dotte hens.
The first six months OF 1922 Pee
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-08-17
STATE PECAN CROP IS
BEST in TWO YEARS

OKLAHOMA CITY - Unusual in.
terest is shown in the pecan crop this
year. according to inquiries received al
the stat, department OF agriculture
Conditions IN oklahoma and elsewhere
are considered to some extent IN the
weekly r,stme % crop conditions. Is.
sued by the state department " AGrl
culture lu report showing coudI.
lions u this respect as OF July /, the
Oklahoma crop is shown 10 be &c per
cent OF normal This compares with
30 per cent for July /. 1891. and 90
per cent tor July 1. 1920.
Another report on conditions Of the
pecan crop VIII be issued on Septem
her =. % is said.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-08-17
INDIANS STAGE VICTORY
DANCE" FOR SOLDIERS

LAWTON. okla.-Tho H,owSs and
Apachcs 10 fuu regal0 gagged a We
Tory dance iog the Amusement AZ IL
zen soldiers az ihc training oamp here
TUESDAY night The celebration was
similar to the ones the forctathers OF
tho Indians arc related to have perform
cd following victory over Their enc
mics. Col Conger delivered IN address
OF welcome. commendIng the bravery OF
tho Indians during tho recent war.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-08-17
MOVE COUNTY OFFICES
TO NEW COURT HOUSE

PRYOR. Okla. Mayes county's
new court house has been officially
accepted from the contractor and the
majority Of the county officers have
moved INTO their new quarters. The
building has been completely furnished
with the finest OF furniture. The old
frame building that has housed the
county's records for 90 years will be
moved across the street and convert.
cd into a hotel building. one hundred
thousand Instruments of convevances
have been recorded In the old fran,
building. Nineteen hundred and eight
cen civil cases have been filed in tn,
county court Two thousand four hun
dred and seventy.five eases have beer
fles in the district court. Two thou
0and and one marriage licenses wer,
ssued and AL divorce cases filed.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-08-17
$50 ATTEND FARMERS MEET
At CAPITAL. WEDNESDAY

OKLAHOMA CITY - Three hun.
dred af,y delegates were seated at the
first business session 81 the farmers
union convention here Wednesday. IN,
meeting is being held IN the house
chamber % the state house. John A.
simpson OF saltwater. G. n. HYDE OF
Alyu. and y. H' Lawter II oklahoma
CITY were reelected as president, vice
president and secretary. respectively.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-08-17
COL. EASTMAN TO RECRUIT
COMPANY OF INFANTRY

McALESTER, Okla.--Colonel F. B.
Eastman, commissioned TO head local
unit Of the 37s tn infantry. is TO arrive
here soon with his family 10 establish
headquarters. The personnel of the
local organization is TO supply an officer
reserve of sc commissioned men and
VIII be made mostly from McAlester eN'
service men eligible with present army
commissions or with non-commissoned
men who upon examination qualify for
officers commissions.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-08-17
CORN.ON.COB Will. BE
BIG CROP THIS NEAk

BARTLESV1LLE, Okla. - Corn Tot
the cob Variety Will be the big crop
In this section next year. accordine
to farmers who declare they prcfei
corn to wheat. The reason is tina, corr
Averaged. this year. 90 or 60 bushei
TO the acre. while wheat made poor
seven or eight.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-08-17
MUSK0GEE RUNNER TO
MAKE 82-MILE TROT

MuSkOGEE -- Jack Nester, long
distance runner, will attempt TO run
from Muskogee to Okmulgee and re
turn. distance of 80 miles, in 10
hours on Labor day. September 4.
If he succeeds he will pull down an
$500 purse furnished by G. Meade OF
Blackwell and j. L. Rogers of Tulsa.
In case of failure he is out.
Stop watches caught him at nine
minutes flat on two mile trial yes
terday, according TO his brother and
manager.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-08-17
OKLAH0MANS GRANTED
PENSION BY BUREAU

A long list of Oklahomans have been
granted pensions by the United States
commissioner of pensions. among them
an Ardmore citizen. Levi c. Blackjack.
who will receive s24 per month.
The list includes for the most part
widows Of soldiers who served during
the civil war. Thirty.three will receive
$50 per month, one s24 per month
three 500 per month, three SIS per
month, two SIS per month, and fifteen
sl2 per month.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-08-17
NORMAN DECLARES WAR
ON ALL RATS

NORMAN. Norman has declared
war to the point OF extermination-on
rats, old, young and middle.aged Of
either sex utterly regardless. Rats have
been outlawed here and a price Of .
cents each set on their tails,
The New York herald., 1922-02-21
OF S465, ,68O,I54
PLACED ON TRANSIT LINES

before the city authorities until 1t has
been formally submitted, as the law
provides. and you can't tell me now
just when you will have 1t ready?'' asked
Mr.. DeFord.
1T would not be possible to tell that
even for our own guidance" replied Mr..
McAneny.
"And / assume" continued Mr. De-
Ford. that your Anal valuations. which
will be submitted with the plan to the
city and to the railroads, will be predi-
Gated in large measure upon the valua-
tions already handed down. and that
they will be reached as a. matter of in
dependent conclusion before the com
mission determines, upon It's completed
plan, and will then for the first time
be handed down as q part OF the COM
pleted plan?"
Correct" said Chairman McAneny
and Judge Shearn In concert.
Mr.. DeFord said he was willing at
any time to confer With the commission
concerning his proposal that Section 40
of the Transit act should be amended
The chairman assured him that while
the commission did not share his alarm
concerning the vital need of that amend
ment 1t now has I'm preparation to send
to Albany an act covering three or four
amendments of the present statute
(which we think will smooth out pos
sible little doubts about its application"
These proposed amendments Mr.. Nc
Aneny said, are intended to clarity but
in no sense to eurtail the comm issions
prerogatives.
At the opening OF the hearing Mr. Nc
Aneny explained that it is not proposed
that acquisition of the properties by the
city shall be upon the basis of pay
inents In cash. The new securities. prop
erly guaranteed. will be the sole basis
of exchange The valuations have been
necessary in order to determine the
amount of such securities that will go
into each OF the absorbed companies.
Each company in turn accepting the
plan will be required to take care Of
its own old securities of whatever value
and to whatever extent In its own way
and through a reallotment TO the old
holders of the new bonds.
James l.. Quackenbtish, general cotin-
The New York herald., 1922-02-21

sci to the Interborough, when asked his
opinion of the valuations, replied: II
am dizzy from reading those figures
they REQUIRE lot of study before any
one would be Justified to comment: II
has taken eight months TO prepare them
and they want us to formulate our
views in ten days. Every one of these
items must be carefully scrutinized by
COUNSEL, accountants. engineers, and we
will go at the job just as rapidly as
is possible. but to go through them item
by item we ought to have at least thirty
days. instead of ten
Alfred T.. Dawson, counsel for the
Third avenue line, and Job e. Hedges,
receiver for the New York Railways
Company. withheld comment. They
said they had not yet had time to read
the full report much less to digest it,