davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-08-20


indorsing a certificate to "Mrs. (wife,s
name)" and having such signature wit
messed, being sure that the date pre-
coded that of the death of the husband
is merely an expediens~ That has been
used in the case Of small requests time
without number, where no question Of
the validity of the Endorsement was
ever raised.
1t is apparent, however, that in the
case of large estates the question Of
an inheritance tax would be raised and
official releases, guarantees, etc, would
be necessary.
This brings US to the point that there
is no all-inclusive plan. for transfer
ring stock certificates by husband to
his wife in the event of his death. DIFF
ferent companies require different for
! malities, and the whole procedure in
wolves legal technicalities that fall out
side the province of this department
of The Tribune.
In the article in question it was in
aGvertently stated that tenants in
common" was synonymous with joint
ownership. Joint ownership is op-
posed to tenancy in common. A GER
| tificate registered in the name of the
husband. Endorsed, dated and wit
messed, is negotiable, and il at any time
the husband becomes IHCapaClLateQ to
the point of helplessness the certificate
could be readily sold. In the event of
death the same method would be car
ried out.
1t is unlikely, if the decedent is not
well known, that any question would
be raised that would interfere with
the issuing of new certificate to the
purchaser. This opinion is promised
on the supposition that the wife of the
decedent will be in need of funds and
will not transfer the stock to her own
name but sell the stock through a
broker in the regular way. Whether
the property is actually conveyed by
the husband at the time it is Endorsed
might come into question if the estate
was subject to any tax, but we think
that common honesty is sufficiently
prevalent among people of small means
to be assured that the widow would
pay any tax owing.
The method of transfer suggested
by trust company of placing the
certificates in the name of both nus
band and wife as Joint tenants with
the right OF survivorship, and not as
tenants in common" is frequently used
end the interest of the pre-deceased is
transferable to the survivor upon pre-
sentation to the transfer agent of proof
of death and required waiver of the
state Comptroller.
1t is debatable question as to
whether the interest of the deceased
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-08-20
Problems Of Joint Ownership

me 70 thaRh interesting inssrnaese
TO JN O. Dinner
ship Stocks This uppsyo IT. mn mind m
te and NTH nan, od,es
pons crewitb
~ stocks sndorsed
far sgaaare to be attd bv before sa could
broker Snrrgsass
Sarvogate na, 30
o the value ftiesg
WAat am sesns method e ua b. a to hama
the stocks transferred TO her aud ro hor h
" ceyt sJaul
tad ssH reqaire action by M consequent navu Of o
ad though superauo and ami, ad - ~
M
Answerpubcaon Of inquiry about Joint
stocks these columns recently some discussion a h
possibility OF the method suggested
Those who read the question
Inheritance tax was not involved of tho Question
sought purchase only ten shares Of stock which
readily marketable form SO that his widow position to raise
funds Immediately in emergency
The question presumably yond have hao,a,ha ~ q
mainder of his estate in the and had not t
question OF inheritance taxes AT the of
should be made plain that The Tribune
oned ana does not now intend to set evasion
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-08-20

Is subject to the payment of anv taxas
OK DEBTS under these conditions and as
u involves matters of legal nature
Inc tribune cannot express an opinion
on thls phase. Where the purpose il
solely for securing the transfer of
securities to the survivor this plan il
unauestionably the most desirable. hnt
Whefe cash requirement through sale
OF security is contemplated in our
gJpihion IT can be more expeditiousIy
zone me py following our suggestion.
mere is an added reason that we
nave not mentioned and it is this:
Frequently the transfer books of a cor.
pofahon are closed for period Of
thirty days and this condition. while
preventing the transfer OF security.
would not interfere with the sale Of
security IN negotiable form.
me New York Stock Transfer Assoc
clation, of which j. f. Atterburv. %
wall Street, is secretary, has for it's
purpose the securing of uniform re-
quirements on the part of agents act
ing for corporations and associations
In the transfer of registered securities
ana the dissemination of information
that VIII foster discussion respecting
the rights, obligations. liabilities and
practice of corporations and their
agents and the holders of stock and
securities. The functions of the asso
cation are advisory and educational
and its work has resulted in coopera
tive interest, making matters Of in
vestment and estate settlements less
complicated.
All transfers require the indorse
ment of responsible party known to
the transfer agent and such indorse-
ment is guaranty of the validity
OF the transaction. In New York State
the law requires that upon presenta-
tlon of security for transfer in the
name of person known to the agent
to be deceased, transfer be withheld
Until necessary waiver has been issued
by the comptroller. In some instances
waivers from more than one state are
required by the transfer agent. Proof
of death in the form of surrogate's
, certificate and usually copy of the
VIII of the decea sed are necessary
| papers to be furnished.
Although our suggestion to you
must not be construed as Offering q
method of evading the payment of an
inheritance tax, if you wish to secure
transfer of securities TO your wife
after your death with the least trou-
Bile, the issuing of certificates in the
name of yourself and wife, joint ten
ants, with the right of survivorship,
and not as tenants in common, will
provide the best way to accomplish
your purpose.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-08-20
Free Indemnity
From Politics.
Witlners Urges
O. l9zs-P-B Corp.
Continued from Page Five,

Prussian war and making great in
ternat1onaI loan by means of which
the capitalists of all countries would
subscribe money in exchange for bonds
secured on Germany's credit and pro-
ductive power, which money can be
handed over to the Allies to be d.
vided according to the terms agreed
upon among them. But in order that
such an international loan can be car
ried out Germany's credit as bor-
rover has to be restored to a point at
which the bankers in the great inter-
national centers car conscientiously
recommend their clients and customers
TO subscribe to Germany's obligations.
This was the rock on which the eff
forts Of the bankers committee split.
1t was powerful committee with
representatives not only of the
Entente powers. but also of the United
States, Holland and Germany, and
there seemed to be every possibility
that really businesslike solution might
at last be reached.
The committee, however, before they
really began to consider the question
of the possibility of Il loan to Germany
and the terms on which it could be
made, Immediately asked whether the
figures of the indemnity imposed by
must be regarded as fixed and invari-
able. or whether the question of their
revision might be considered by the
committee. In other words, it was OBJ
vious to them that as long as the in
demnity terms imposed upon Germany
were unaltered there was no possibility
of making successful appeal for
loan for reparation purposes. The Al
lied Reparation Commission, when
this point was put to them, answered
that revision OF the indemnity terms
was included in the scope of the COM
mittee's consideration, but only did SO
by a majority, the French representa-
tive being in a minority OF one. Most
unfortunately the committee decided
that since France refused to consent
to any revision of the indemnity terms
there was nothing more to be done in
the matter of loan and proceeded to
adjourn.
Since then the question has drifted
dangerously and no man can say how
soon default by Germany may be fol-
lowed by events on the Continent
which would be disaster to ciyiliza-
ton. In the mean time, the doctrine
preached by the committee to the
French public may be hoped to be pro
dueing some effect, fer it IS fairly Ger
tain that the reparation question will
not be reasonably settled until some
such body as the bankers committee
takes it in hand and deals with it in
an impartial and disinierested spirit,
with no political objects, but with the
sole desire to get Europe's economic
machinery back into working order.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-08-20

Question-Kindiy let me know what YOU
think of Manhattan Piggy Wiggly series
$500, and would like to get little more
interest than ] get at the bank. A friend
mas advised me to invest in this. ANY in
formation and advise you can give ME in
this matter will be greatly appreciat ted as
| am sixty-three years Old and must be
careful.--T. A
Answer--For person sixty-three
years old who must be careful with his
investment funds, Manhattan Piggly
Wiggly securities are, in our opinion
conspicuously unsuitable. Place your
$500 either in high grade bond or In
preferred shares OF a company which
has demonstrated it's earning power
over a long period of years, such as we
frequently mention in our investm mt
columns. Ask your friend who advised
you to buy shares in the new James
w. Elliott promotion on what hard
substantial facts he based his sugges-
ton. Has he seen a balance sheet of
the new corporation: an income ac-
count or statement OF the earnings
of the individual stores? We have been
informed that the company is not yet
ready TO reveal such essential informa
ton to the security buying public. In
buying Manhattan PIGGY Wiggly Sc
curities you would be, in substantial
measure. specializing ON the ability of
James W. Elliott, who heretofore has
been known as an inspirational stock
vender and writer, rather than as a
grocery man, to create and maintain a
chain of self-service grocery stores
which will be able to compete success
fully with the chain stores already
established by James Butler, Andrew
Davey, the Great Atlantic and Pacific
Tea Company, Acker, Merrall G. Condit
Thomas Roulston, Park & Tilford ct al
We do not assert that Mr. Elicit and
his associates will be unable to do this
nor do we declare that the Manhattan
Piggy Wiggly Corporation, through
Mr.. Elliott's leadership, will not revo-
lutionize the retailing of groceries in
the East and turn out to be the great
est money making proposition of the
present century We merely point out
for the benefit and guidance of our
readers, that there are no present facts
available for the general public which
would Justify such conclusions. Aside
from the statements which appear in
the Manhattan Piggy Wiggly cleverly
written stock selling circulars, which
are obviously designed to stimulate the
buying impulse, we have certain estab-
lished facts en- record which can help
to make a decision. None Of the cor
porations for which Mr.. Elliott and his
associates have sold securities car ke
characterized as sound investments
suitable for man in your position. As
a matter OF fact, none Of them, with the
exception of Daniels Motors, which is
no longer connected with the Business
Builders, has yielded cash dividends to
those who bought the securities.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-08-20
Western Electric Note Called

Question: wish you would be good
enoush to give me your opinion upon
suggestion to change. My fret idea
is safety, and then l want to derive as
much interest as possible The list;
per cent, 90 years 1000 in Belgium
government bonds per cent, 1914: 5000
in Westinghouse Electric and Manufactur
ing Company Z per cent. 1881, S1.ae6 In
New York Central debepture s per cent,
1895: $500 in United States Steel pre-
ferred 7 per cent; $4,000 in government
of United Kingdom of Great Britain and
ireland 5ia per cent, 10 years: sl.0ao in
Crest Northern Railway Series I per
National Railway Company u per cent,
1916: $1,000 in Queensland Z per cent.
la41; $1,000 i'll American Agricultural
Chemical Company Series A 7 Y per cent,
1871: 1900 In Dutch East Indies per
cent, 1852; $1,000 in New York Telephone
preferred 4 per cent. 1874 $1,000 West St
$1,000 Brooklyn Edison Series % per
cent. 1870; $1,000 in Northwest Bell Teie-
Telephone Of Pa. z per cent Series A.
1876; 10 shares American Telephone e.
Tetegra phi stock per cent: 10 shares
Southern Pacific Railroad stock; $3.50 first
Liberty loan IA, 1912; $l,loo 3rti Liberty
Loan ~, 1928; s7oa 4th Liberty loan 4 +,
1898; s1.i06 Victory loan ~ common.
1879 DO you approve these shall i
change any for any reasou?k x. e. FL.
Answer-Your Western Electric per
cent note has been called for redemp-
ton on October l and you have until
September 81 to exercise your option
to exchange the note for z per cent
preferred stock. We suggest that you
make this conversion into stock. On
account of the nearby maturity of the
Victory notes and the possibility that
the Treasury will call them for re-
demption in December. we suggest that
you make an exchange for ten share.
Of New York Telephone ca per cent
preferred stock.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-08-20
Inaniries Should BE Signed

Inquiries addressed to this depart
ment of The Tribune are regarded as
confidential, but to show athe writer's
good faith all should be signed and an
address should be inelosed for reply,
held for identifcation: Mrs. M. e..
FL. P. H., @. r., G. T., p. J. T., E. NJ,
p. G., =. M. b., #. C. B., E. ID. f., p. L..
Al. Il. b., G. Il. p. L. B. L., s. j. c., j.
Fl H., M. e., L. p. r. and D. T. L.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-08-20
Holds Bond List

Question: am very thankful that
nave nav been advised to read your paper. as l
lind you help SO many bondholders with
information. L am widow sixty years
or age, and am depending upon the income
of my bonds recently Invested. AS
have no way of increasing my income
I ask IL you advise nae to sell my
bonds. as they are much higher now and
can most likely buy an additional bond
with the inerease Would YOU advise me
to put the money J. get for the sale of
the bonds in savings banks at per cent
interest and wait until I can buy some
gooa bonds 1nuch below par or buy at par
and get good bonds bringing at least 6 or
Z per cent. as only get per cent for
mine, which is not sufficient for my sup
pert? am afraid to buy stocks,s as /
cannot afford to lose a dollar or run a
chance bonShs the following Belgian
eould do better ~ turning them into
American bonds ] would do so Kindly
advise me. The lis Bons du Tresor s
lhe SOS: Bans du Tresor s per cent (restor-
alton nationally. 1000 frame bonds, I he
i iieve SO or 80; American Telephone and
Electric debenture as, 1862: Northern
states Power So, 194l; United States Rub
per 6ss Is47; Illinois Central collateral
IS, 1907; United L. and r, 5s 1882. Stand
ara Gas and Electric ds. 19a5; Bush Ter
fninai Building 5s, 1860; Pere Marquette
% 9dna 1896 80 American NJ Smelling 5s, 1917
commission do the brokers charge for SELL
ing? DO Sou think il I held the bonds
'o"tsei couiu make fn0rey---G. w.
Answer--The step you propose to
take would be worthy of the shrewdest
OF security market operators. An
parently you have conviction that
the BOND market has advanced so
Tar thata reaction is due We do not
Know now you arrive at that concIu-
SION, not that we share your opinion
The situation is just this: You have
a list of good bonds which show YOU
paper profit and you propose to
realize that profit by selling your
bonds In order to realize the profit
IN strict sense it would be necessary
for you to buy back bonds Of equal
rating and at lower prices than those
now prevailing We do not advise this
operation. You say that the income
from these investments is not suffi-
clent to meet your requirements, vel
you are willing to take chance on
selling the whole investment ard take
per cent savings bank income. In
other words, you would be willing to
speculate on the prospect of reaction
IN the bond market. There are WAYS
Tor increasing your income without
resortlng to the proposed plan. Rather
than see you try to beat the bond mar
ket we would suggest that you dispoae
OF one or two of your lower yielding
ponds and reinvest in sound pre-
ferred stock such as New York Te!e-
phone o 70 per cent preferred, which *
selling en- per cent basis. General
Electric 5s and Illinois Central 4s IRE
TWO OF the good bonds you might dis
pose OF IN favor of higher incomes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-08-20
prices Hold Firm
Despite Realizing
I'm Curb Trading
l,eferings Readily Absorbed
as Forward Movement
Continues i'm Oils; Beth
lshersa New Stock Lower

,s.snite realizing of more than usual
-s.,.arssans. prices continued strong n
pssssgsrs,avss short session on the Cusp
Nsrket and offerings of stocks were
sassilv absorbed. Oils again ferinea
rs 49, hasss for most Of the activity
= standard Oil Of Indiana registered 2
s,sssional gain and the New YORK ato nl,
Ia ID s50s New England Fuel osi
sasgred slightly on profit taking, 1as
so,sshern States Oil was in sharp &c
ssra and worked point higher 20 :
s ~. .nn FOR the movement. SiSies
ssrvice dropped of fraction. -.
III In ANS moved irregulariy, Beth
..ssua steel new stock falling OF nearis
na;nts and Macy stock recovering
s-A gs;ars Mssabi iron held steady
.ss,,ad ~. Stutz Motor lost q fraction
industriais
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-08-20
Indian Stocks of Cotsons Lever

Stocks Of foreign cotton goods at
Bombay have recently shown q distinct
tendency to decrease, Consul Wilson,
Bombay. reports. This clearing has
been especially from the large accu-
mutations of old stocks. Recent i'm
portations entering more or less
promptly into consumption. The sit
nation bears careful watching, but
does not Justify much optimism as re-
CARDS an mediate large increase in
cotton piece goods imports.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-08-20
Suitable for business Man

Question: have been advised TO buy an
once Electric Storage Battery Company
stock. selling at 46A, Will you kindly
give me your opinion Of this stock The
nan who advises NE Is Weff-knoWn
broker and should know what he is saying.
IF A. IS,
Answer Electric Storage Battery
stock is suitable for a business man
who keeps in touch with market condi-
tons
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-08-20
For a Beginner

Guestton-~At the recommendation of
one or my high school teachers six years
ago I started reading ard have since then
oeen reading The Tribune. which / have
round to be an all around very instructive
Newspaper. | have been aware of and have
read the suggestions made by your de-
partment. and have now reached the fsrst
occaAou where am =. q posf:fea TO asis
your honest advice. | have $500 " hsch i
would Ike to invest. and I wouId aparecf
ate y II you would furnish me with q list
OF securities to invest my money In
Answer-We can think OF nothing
better for beginner to purchase than
New York Telephone 6 " per cent pre-
ferred stock, selling recently around
lot.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-08-20

Questions Of esssYai saseyest To iR-
psssoys scill De amswsysd Tia this cci-
ussM, sH sehicA csss oniw iaitiass sssH
Dc .xssd. Others sral, be ausspsrsd bf
sssass. Addvsss all inquiries, sMrJcs-
tns q stamped, addressed envelope, 10
fswaTscsai Editor, The Tribune, fSI
Nassaa Street. New Yark City.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-08-20
United States Rubber

1estion~-M May ! avail myself of your
answer by mall TO ask If you regard
United States Rubber preferred as safe
Investment? 1t pays s per cent. but the
low price at which it sefis-not over 106--
In comparison with other preferred stocks
paying per cent, raises a, question:
e. B. w.
Answer--The price at which United
States Rubber preferred sells indi-
Gates that there is some uncertainty
among traders over the continuity of
dividends at the present rate. The
rubber industry faces a critical period
in the coming six months, with pro-
outstripping consumption and with the
demand for tires and other products
fiuctuating The strong companies
should be able with capable manage
ment to make a creditable showing,
but even so there is not little un-
settlement in the situation, which ex-
plains the price at which U. 5. Rub
Der preferred sells.
Mail Order Stocks
Question: am considering Buying
Sears. Roebuek and Montgomery ward
stocks. Can you tell me when they ceased
paying dividends. what bonds they had
outstanding and what results they ahowed
for the first six months of this year?
Isn't 1t true that these houses get their
big volume In the fall depending largely
upon crop returns7-w, II. nj.
Answers Sears, Roebuck & Co. com
men has not received dividend
since February Is, 1921, but the
preferred is now receiving / y per cent
quarterly. Montgomery Ward Co.
stocks have not received dividends
since October, 1921. These mail
order houses usually do q large busi-
ness in the autumn, and earnings have
shown an Improvement in the first
six months Of the year. The former
has outstanding ss3,297 200 notes due
this year and Hext-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-08-20

Four full columns of in-
resfHent questions and an
stcers tclI be published in
The Tribune ercry .Slsnday
and Monday. On other days
one full colssn.n sUilI appear.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-08-20
Manhattan Piggy Wigelv

Question-Kndly let me know what YOU
think of Manhattan Piggiy Wegiy series
y, for an investment. / have saved about
$500, and would like to get little more
interest than get at the bank. A friend
has advised me to invest in this. ANY in
formation and advise you can give ME in
TINS matter will be greatly appreciated, as
an slxty-three years Old and must be
The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-07-01
Montana Senator
Renews Fight for
Film Censorship
Says Recent Scandals Reveal
Conditions so Shocking
That Public Will Soon
Demand Restrictions.

Washington. June 30.-Vehement.
iy denouncing immortality in the mo-
ton picture industry. Senator Myers,
Montana, in a senate speech yester.
day revived his movement for a
strict federal censorship OF movie
films.
Senator Myers has been endeavor-
ing for some time to bring about en-
actment OF a federal film censorship
law. but has met with little success.
He declared today that some OF the
recent scandals. involving prominent
actors. revealed condition so shock
ing that public sentiment would soon
demand restrictions.
Those who own and control the
industry" Senator Myers said. seem
to have been OF the opinion that the
sensual, the sordid, the prurient. the
phases of fast life, the ways of ex-
travagance, the risque, the paths of
shady life. drew the greatest attend
ance and coined for them the most
money, and apparently they have
been out to get the coin. no matter
what the effect on the public young
or old. When thoughtful people have
suggested official censorship in the
interest of good citizenship and
wholesome morals, the owners OF the
industry have resented it.
THE motion picture industry has
a great power, but l think | speak
conservatively when l say it has been
frightfully abused and misused, so
much so that there has arisen a de-
termined and powerful movement in
favor Of official censorship"
The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-07-01

used for a grade school and the new
building exclusively for high school
purposes.