davidaulloa/AmericanStories huggingface dataset:
New Britain herald., 1922-11-07
WHAT CAUSES | HEADACHES?
''Fru|t-a-t|Ves" Prevents Auto-IntoxICatIon

,Auto.intoxication means self poisoning. Many people suffer from partial Constipation or insufficient action of the bowels. Waste matter which should pass out of the body every day, poisons the blood.
 As q result, there is Headache, Indigestion, disturbed Stomach, lack of sleep, Rheumatism and Eczema.
 "Truit.a.tives" will always relieve Auto.intoxication as these fruit tablets, made from fruit juices, act gently on the bowels, kidneys and skin and keep the blood pure.
 5oc box, 6 for $2.5o, trial size 25c. Atdealers orsent ntbyFRUITA-TIVES Limited, oGDENsBURG, N. Y.
New Britain herald., 1922-11-07

According to Mrs. Farley, Mrs. Hammerstein was Respondent and told her short time ago mot to be sur prised if am found dead some night on Oscars grave"
New Britain herald., 1922-11-07

Both of the major parties main- tain organizations here to get out the votes of those of the 100000 odd residents who have that right. Of the estimated 50,000 potential voters,
New Britain herald., 1922-11-07

You pay no more forLipton's, but you need one-half the usual quantity, because it's Double Roasted, therefore Economical as well as Deli cious.
The Bridgeport times and evening farmer., 1922-04-28
Peeved Count
 Sulks At Law

Tokio. April 27-Refusing to rec ognize the modern Japanese law which relieves the head of a family of responsibility for the conduct of it's members, Count Yana giwara, brother of the poetesS Akiko Ito, whose Ia mouse divorce case startled the enl- pire, has resigned from the House of Peers and gone into seclusion.
 The little poetess, already divorced. created a sensation last year when she suddenly married MT. Ito, coal king of Kyushu, although she was known to love a young literary man named Miyazaki, whom che met at the home of Mir. Ito before her second mar riage.
 Thinking his sister would now set tie down, Count 'Yanagiwara. who leenly resented the first divorce. be gan to take an active interest In af- fairs of state. He represented Japan abroad on several occasions and was regarded as one of the leaders of his party in the upper house of parlia- meur.
 But the temp ermental poetess soon proved that she was far from set tied in her rich surroundings. So- ciety and political circles were startled last October when she suddenly left the palatial residence of her husband while the latter was on a business tour and went to her lover Miyazalti, in whose home she was found SeVeral weeks later.
 Every effort of her brother and his powerful friends to induce her to return home proved fruitless. where upon the case was laid before the Inn. .erial government with a plea that Akiko be granted a divorce in order tu permit a legal marriage to Miya "a Xxi. The Imp eria1 Household, how ever, declined to interfere on the ground that it would have a bad effect on the discipline governing noble fam flies, and in desperation Count Yana- giwara and his wife arranged a grand coup d'etat which resulted in the kid
The Bridgeport times and evening farmer., 1922-04-28
700 Firms Now Give Workers
 Partnerships

Chicago-Re1na- kasole strides in the creation of peace in industrial plants and of a more friendly understand ing between employers and employees are being made, according to the an- nuaI report today of Stephei A Day, president and founder of the League of Industrial Justice.
 seven hundred industrial conpan- ies. ranging from the comparatively small, with only a few hundred em- plOyeS, to great corporations with tens of thousands of toilers. are now work Ing harmoniouSly under agreements which in one form or another give labor a voice in the management of the company, provide for prof1t-shar- ing in some form. or lead to the amic- able adjustment of working conditions, says the report. which is being mailed to the 60,000 members of the league.
 MT. Day estimates that the number agreements would make a city the sizs of New York He points in his report to the numerous instances in the last year in which employees in the worldwide process of defation by voting to reduce their own wages. The report says there is "a growing popu- larity, especially among public utility companies of the plan of knitting gether by stock-ownership on easy terms"
 The time has come" says the re- port, ito raise the Stttus of the la borer from that of a wage-earner to a partner in the business. It must be generally recognized that all men who work together are in a real sense partners
 ''AlI must concede also that business must earn operating expenses. includ- ing rent ,tS0es, salaries wasesc, in -terest. and a sum sufficient to make good any and all depreciation and a fair return on a capitalization that represents honest values.
 I've enter upon a new year greatly encoura ged at the progress made and more than ever determined to live by our slogan, Industrial peace, with jus tice founded on a square deal to all
 MT Day, a lawyer, is a son of Wm. R. Day, Associate Justice of the Su- preme Court of the United States.
The Bridgeport times and evening farmer., 1922-04-28

When Major General Clarence R. Edwards. leader of the Yankee di- vision in the world war asked a group of American Legion men at Holyoke Mass, what type of adjusted compen- sation they would take, S5 per cent. elected the insurance feature ten per cent. the farm and home aid and the rest declared for vocational training. -( Boston, Mass. date)
The Bridgeport times and evening farmer., 1922-04-28

office. Postal employees submitted poems and the morals for Postal Inn provement Week" Here are a few of them: Hickory, dicllory. dock! Mail letters by the c1ocki When the clock strikes one Have your mailing half done!
 fMoral Mail early). Old Mother Hubbard was scrubbing
 her cupboard And the carriers alarm failed to note; When she got there the door stair
 was bare The carrier had given up hope
 (MoraI: Place a mail box at your door.)
The Bridgeport times and evening farmer., 1922-04-28
Move Made To Prevent
 Jump In Building Cost

struction industry has addressed it's efforts to encouraging economy in pro duction. distribution and construction win the end in view of protecting the public against an advancing market. Much emphasis will be put on the standardization and the elimination of varieties. John M. Cries. chief of the Division of Building and Housing, Department of Commerce, will open the discussion on this subject.
The Bridgeport times and evening farmer., 1922-04-28

mapping of the girl from the home Of
 her lover and the keeping of her
 whereabouts secret for the past sev- eraI weeks.
 In Tesigning from the House of Peers, Count Yanagiwara authorized
 a statement that he always had been identified with questions pertaining to a stricter discipline among govern ment officials and of moral improve mentS in general, and adding that he felt a personal responsibility for the acts of his .'erring sister which could not &1e lessened by the modern law making the individual and not the family the social unit
The Bridgeport times and evening farmer., 1922-04-28

POSTAL EMPLOYES
 WAXING POETICAL Mother Goose has invaded the post
New-York tribune., 1922-12-17
wants Good ine6m.

oyss..sn--r6r consldersb!e i.nkth az
limo ! have been daily re1der 81 yeur
nnlhCal enitorislS fnc Nave bska fauch
htlpeJ IN ,desA ra.lning Ia what lad bet-
ter iiltest fr6ta. tgHss 10 uut. and vlat
. onilt, u Ser YORK Edt5u. 1rst cig1
ish' gooc, nfe iHvtsirsHi Ia your
opinieU1 NJ This bond ls quoted In soar
SSsinTn, ~ h2tiot cis.-d a, its TSesasy.
u sbpy ~ iJs. What WI be the rats OF
lEeofnst I ~ QN bCn6 esllibie pfic@ 10
lsfl And II 40 AZ whst Driesf Ones in
q fnbile yeu haze Recommended for cor
ehase Eastman Kodak prrfsffsd, but I DO
MOI rtatl your having recommended e. any
titns Eaftif4s \. Eodak Common. ssif'rE oT
~ 'se pslGhborh0od or Bs. 7 ho.d thirty
snhret et eomDiPi fnd wish voh 10 tell RE
y had -bettet incfetSe my .boidir, in
,als stock l have about tl't9o 10 ifvASt
IN safe Investments. VIII you 'l,ihdiy ttfi
re what 70 bay that will ElVa me ssfs
Investment and a. the saias fist AZ raoa
an inctint az can be had. from r,a,on.
ABLY ssie bend os' stockf--J. D. s.
Answer--Ws consider New York Fd;.
son ehs, 1891, high grade bond. AZ
l0s IL yields currently GiShtiv ie.s
than per cent and. il. held 20 mS4ur;fv
ABOUT 5A per cent. II IL subject. 20
redemption b.sinning in 1885 ~ los
We consider E&ztnEn KedAk' common
. kood inresttn6nt, ss common stocks
60. We see no reason, why ron sboni3
ROT increase yeui holding.
New-York tribune., 1922-12-17
for,lrn Bond. .and R,Ll stptL.

ssestion--iiare been reading yeur opin-
iors - fecurifier, 80 rubiisasd IN The
Tribune, ana nrs N0rdsTing n ycu Noulo
give ne yUrf orinlcU a. 70 thA saftty and
value beAiud 'hs foiie~tng setgri.i.s. ard
vcei1 yes adyise ttcir frirchres - = safe
insefinrnt. pondf DPninio1 q csnaca
SIS ef4ses. Kingdom 81 belgium ps q
th@ Rock 1risnd system. thr ant : per
cent preferred and copsr7ou. rnd IN yocr
opfniop. Nonl0 The earnings OF this gJsteni
soon Sarrihf a dividsrd on ths coInmon
sleek - p. =, ..
Answer We consider Canadian 5iss
good inYcstment, better than the
BelgiGn 7'ss. for tbe reason that The
Canadian government has made re-
narkably greater progress in puttipg
its house IN order. Canada has not
been lcEniag or German Indemnify
prospects snd has been able 70 recover
more rapidly FOR TIE additional reason
because IL had no reconstruction prob
lem 20 contend With. We believe
thst the Belgian government will meet
interest and sinking fcnd onllEAtiors,
bat the bonds are likelyito br subject
10 The influence of Erropean political
and economic Developments. Rock
Island and per cent stocks arc sec
oad grade prefetreds. The common is
speculative aud ve feel that unlsas
there Is a substantial increase in earn
ings The prospects Of che common be-
irg placed on q dividend-pAying basis
are remote.
New-York tribune., 1922-12-17
No Adrlee on SPECULATION

oas'tloE-ssvsrai days ago. on advice
ot rsputabl- broker purchased IS COO
New York. Boston a Weatchester a.
itts. AZ at. Tor speculation. Am esrry,
lnG same o. margin. kindly subn,f n
formation on this Issue whether frts,.s.
payments are tslnk fusi. its financial po.f.
nen' s&ie' & n you think The risk TOO great
hlso trading n thirty share ist, pai.i,,n-a
LoeoInoilre aud conden A Co What A.
you think Of their speculative tendenelsss
Aside from thete Items am holding worth.
while GAcuflties as follows. rsb .S.,.-
American Telephone and Tsleera nj 49,.
SHARES NeT York Telephone prsferrsd a.
bona OF du Pont q Co TIs Arncrlc.,
sugar company Ga. Brooklyn Edison com.
in ma S,a,alnr eho nlj.e sns pTuE So Have funds
per. cent that am thinking Of lnve.tin,, !,
n Central Indiana Power "a 1917 vt.ftt,s
80 Nould you ADVISE ohanalnry pana.
afa eaHAeis at io7 in is:, and sell FOR 81
Answsr-We abstain on all oees-
sions from giving any advice on IN.
speculative tendencies in stocks. Not
much imagination is required 10 esti-
mate what our position would be a
year or two hence II we should emharr
on ventures Of this kind. Interest a.
being paid now on the New York. West-
chester & Boston AIS. They are ouar.
anteed By the New York, New Haven g
Hartford, and. although We do NOT
know anything about their speculative
possibilities We are convinced that their
claim 70 an investment rating IA re-
mote. The company has gustained a
deheit OF si,b00,000 or more In every
year In the last decade. Central Indf-
ana Power 6s are a reasonably good
investment.
New-York tribune., 1922-12-17
PlainGeId Trust Company
Declares Stock Dividend

The Plainfield Trust Company,
Plainfield, n. j., has declared stock
dividend Of s6 % per cent, payable to
stockholders Of record December 10.
The effect Of the distribution will be
to increase the capital stock from
100000 20 100000. giving the COM
pany combined capital. surplus and
profits OF over 100000. The total
resources are reported as over $9.500.-
600.
Directors Of the Westinghouse Air
Brake Company have authorized
meeting OF stockholders 10 vote on an
increase in the capital stock from
$40, 100000 TO s5O,0o0,O00, following
which a stock dividend OF SO per cent
will be declared.
New-York tribune., 1922-12-17
Minint y,nthro unrueeeasfuI

.cuest.on-Pitase insorra nae y ma 10 th
,tstut OF tic stockholders OF tho Corsen.
dated Arizona Sme.tlng Conpary. h.., hsss
died repeatedly TO obttla thlt inlofInAIoh
s1d go Far hsvb been unabie 10 90 20
-rhers was rone desi ~!th the ore@t sSuin- q,
wt.t Meals Company. Whisn believe is.
throe1h Then l underSto0d tne ploke'l
,sas reld 20 i. r. iO'Sesl. TBefe have eeeh
saios Of soel, a. odd .nies on ms csSe'
lie ,s,t ] noticed being LOtt shares asos.
ihres weshs $50. Any inforatN9a %
cAA give ME wlli Re apprseisttd.--I' T..
Ansger-TAs properly Of the cOntoi-
dated Arizona Smelling Cempany was
sold az auction April z, 1924 TO the
Southwest Metals Company for 81 ooo-
900. Stockholders OF Consolidated Arl-
rona Smeltias Company we're Ss.rta
one.foftlcth Of q share Of stock ot
Soath~est Metals Company for one
shar, OF stock. plus 80 CENTS 10 cash.
II YOU did rot make the exchange your
holdings have no value, ana * you. had
made the sxchsnge yen would htyo
benefited little, as shares Of the South
west Metals company hsSe an rnesr-
tsin market value, having Sold a. sue-
zion recently at 80 cents each.
New-York tribune., 1922-12-17
Bought wrenx stocks

outstlon-An elderly lady. a rrisnd OF
mine. who - almost en.ftls depenoihE
persuaded 10 cell LiSefty bones ana buy
T-ock in. molten picture company snd
styio Zen pf0motsd by a nrIh .hnoNn az
smallwood 60 Ba.lnE hte no oixl-
ard having beeh advised that they we're
rot Investments suitable for woman ~
her circumstances. fhs has tried 70 ISL
] believe. Ben on-tsd shares IN sintl-
wosd A. Company IN e<chsnKs for rnotion
pictures and Btylo Per. she has agYeelec
y ne for adyiee' ~ ! s"oE w. hosa'hx xn1
enough % LET me know X you here any
inierrastion regarding th4'H ara nis
accepts smsllwooo shares 10 ,sa.. ,htS
approximately? IN fact. woWe % IrE
ratch obilged II YOU would lst me hhoE
What 70 advise h,f ia tho fnAtisr-s r.
Answef--Your friend undoubtedly
made a nistske IN taking the st9eks
vou mention As Investments END IL %
difficult TO determine the beet way 70
realire on them. In the frst pace,
the motion picture stock you re1er TO
probably is one Of the nine Pyranlo,
Pictures syndicatss, which SmA!lvoeo
a %. ha. marketed. OF these. two
have received dividcnds--No. 40 per
cent and 40. 8 81 per cent. NO. z is
expected 10 recsive the ftst dividend IN
Jenupry. There is narrow market
for some Of the syndicate shares.
stvlo Pen stock is entirely Spssola-
live, the company having pAssed is
regular dividend seThe tins $50. Out
side qaotttions have rahged recently
around IS and IS n share. Te believe,
although Il Is uncertain jnst vhAt
could be realized IL the stock was put
on sale. ssnsllwood s Co. pFefe-sed,
which is offered IN exchange OF. par
for par basis, probably has 4 bresoet
ratrket. None % tho stoeks can be
considered suitable for investment pur-
poses.
New-York tribune., 1922-12-17
Real ESTATE Bonds Maturing SerialIy

oy,,ssf On natsy Of Hsrfsa0 eena o.
, :, generally Ssn fsotHr' 'A'HS roA'a3S ~
av. rDG lie, sVpo's there has sseH Ss ." svSA' "''''
o.. sus. OOooo0. ,,,.,,.., =, =, mn .a.A
Tl, q Sa snore kuadreS pa7eHs ondA'A'' a. si"o &C.
r,et konstsdey tler,fors financially sted Z" iIo0 ss
liE q generally bsetsd bv inprsd sstat' and tie TSsTa"T % " ~
,Is-s eonps1v .p
, md Of e.. sosS year but $500 o. each 1900
sd , M uorteue,Ss 6ed claim against rae r'a' ''
c % ssn,sh r-dutS 90 cen" 'h'1A a' "a Io
10 ss 70 sssaI payment harrS bee" mad" ~ ne p'P"
oicser ,,,, ....
M should rot the Of ~ertsss' s' divided pro rate '"'"'
tis participating bssd 0era5f
Bs on n. company tuning participation bends e'nS@a' ps
Of Thsn The oetE1f vor' r
6 A, ,dHesd k except Sv dHS the poF
ez. y,eev ppai into ether ennsb N ~hieA m' 0nSn
lends. vrSsy 4Sscustion kos iu,crs w1c,eer
H. the 100000 ha' bee" r'duS's y 10000 "
@ st n, bass Of $4,000 psrtpsae1' ssueS haze behind n only
M guaranty ire sS eorpsrv cent Of ' claim against real
be been isadutedl osh- cords s real ais collateral
d bcsd nayopdton Of rS proporNSv more rsash a'
ust h ne eiahz sSstzs the property reduced ev 0n
M Aas smSHt TAs guaranty ersfor'
ee. .1y largely snsssS 81 s su6y ard HSsH'Si rpnH'v
Of tks susrsntsr '--'
M 30 sd ysa szpanstn T'soSiHs ns f0''s"s 40 to I'
corsznsss, eurris--R. J. O.
Ansuer-n your examination Of first mortgage real estate eh
Gates and bonds you failed take into consideration important
instance the total divided maturing In two and
three yesrs etc. obligations outstanding reduced
from year TO cancellation Of certificates or bonds
steadily Increasing Of these mortgages in build
operations interesting 70 study the methods employed By in
esnt houses specializing financing real estate properties The
OF this kind securities thus gains insight into the
ton Of such bonds for distribution to the public.
New-York tribune., 1922-12-17
Country Produce

Buttsr-Reesipts we're htI 60
rrean,cry. higher than ssut, - ut
6f sac. extras. % score eAre,- grafai,
655i.c: seconds. asa 45c. e.,,s ne
a. 70 iee. centralized cars. " n sus.
s6dtic. IS 10 81 score. usgsel,Is:
sailed. higher than extreA ~. uge
extras % score. 6SA 3tci pI.-.s. Il
bfilc. seconds, t6ts 4 Uc. le"H H.,l,s ~
= sc. held creamery, hiEh doflfi
q isc: extras ~ Qtso. Arr tslS
finest. 6ais q 80 nc, good % pnsD,@. svr-
SIC. coninion 10 fair, StQteci aoi~, ~,tne
rent make. extras. 3so5sci u.s.. -. ~
s7c. seer nds. 3sit U36ci lower - /
SIC; packing stock, current m..f,e
95NsShc. No. 2. sac. lows tt@
o 53c.
Cheese Receipts we're Ltie ectsA
York state flats June spsciais ~ ~
state mats. fresh specials. st,ie. sfgl
run. 21c; Wisconsin double Daisise 80,
2S4c. single Daisies. 2It 0bAe'
Americas. 2sG2shc. a
EEgs-Recelpts we're e.eis essts ~. -
gathered extras. Dozen, 80 ~, n
frsts. 6sQe0c: nrsts. stotlc' s.. tses9. it9
= s3c; fresh and held. lover kfsa'ts; "a A. Z
fSc. trade eggs, soc astei dif!iss ~, ts
3sGatc. No. 3. 3s43oos checks '..,ifs
choice. dry. i70 2sc. rsfrlgerstoi. 81
nrsls. chargsi paid 20 expiring 49, al
a1tnc. hrsts. sih 033c; secon1, 49,
poorer, 2f03ic: checks. iocalY y. ife
21025c, refrigeratos whites, netrof, ,,is..
lOc. Pacific Coast, 3l0 fic; olho ,,,|es
ern. SEQ 36cf refrigerator OF nnl. 10
nrocova nearby. whites fair 20 go,e ~
fEc: Pacific Coast. fair 20 fsncy, y y t,,,s
Western brown and mixed, 90 ~. nfiif
New Jersey hennery whites = hlil.
extras. f0012c. nearby henneIl -, sri
EXTRAS locally candled. 40. -" ss.s,rrrl
nearby Western hennery whites sfetil.
extras, fS0ssc; extra nfsn '-ffrf
nrsts. G2065c, nearby rethere1 ,stfI
nrsta 10 extra OTsfF. etQflet.... q
grades. gf06ic: pAclhc Coast, c.etif.
q soc. extra hrsts. sea &c. nrs,a ,ifs'
mediums. eoci puilets, NVsv -sfn
Western and Southern, gtihet 20 <e.,s ~
EN0Ctc. New Jersey Eennery fss'
TIA fancy 6T96scf other nesfYs ~
n~~y browns. extras, SfWesoi ffc
whites. puliets selected. small w.
mixed slzcs. $50 tsc. small tse" a.,
Potatoes Jersey Giants ttsseff ~
lbs. 1sc 1884, state, lsq 'ss fsart
81 90. i50 lbs. ti154fz, loet ~, y.
iS0 ibs.. s526i ie6 ibs- tsua 4. !
lhs.. sge50ta1S; Name, isg is.lvsnl
a. Is. it0 lbs.. ti s00t1ioi fens.,its1t
is6 lbs. t32SQfaeoi ljo los iersly
bermuda. bbl. t58tiO. sEees,. W
basket, boc0 so Easterr e9ernf "a.
itcnSi.fo. Delaware and 1l.fs' 81 80
kct. 5o0soc. aniso. Louisiana -
ssto
New-York tribune., 1922-12-17
shosld He Rsner Mortrsr..

ouss.Ion-wis you tiadiy aesiss ne re-
gaTiinE the folioring. Apri q. ;fis, tbs
frgt. .TortfAge o. 1seto a due or ny
home sad A. thl, time Siu havs epprssi-
mattel $3.50 saved up. Tcefe T. a sec
ond rnoTtgst.. which an pacing tss
). seprosinasieiy stss doe on that. Would
you advlse ne letlirs iha, nSti mortgage
stand as a. u Or going 20 ~ hank snd
bo~rorirs tieee 20 tNs. care II the bsl.
ancs, which I viii norv 70 take care OF
fhe ret moTtF9Eo and What eve on
tAs second, putting y al an ore fho-;gGTe
20 b held b.. the bank. o. ~cuid you
lrt the frst r1ortgage rur, payiaE tbs
second oT ~ rlonthly fps'allnenis apd ~.
fssiing the rteney. have In The tank IN
tom@ihing else7-F. =. n.
Ansver--A decision on tho question
you raise depends largely on'pefsopAl
choice. MANY real estate dealers and
property owners believe that property
II more readily stlabie Shtrc there 4
a mortgage on IL. sirce Il reduces the
,mount Of csst necessary without going
through the formslity Of obtslnIng .
new mortgage.
New-York tribune., 1922-12-17
Bonds That Are caIIabl.

ou.siibn---As kieady reader of yolr In
g9stHnsnt column J would ssN you 20 give
nae your valuable op'D.on of the fellow
ma t0nds; Lacieds Gas -. 1879; Central
Georgia g. 1898: Anachnda Copper -.
1928. Alto prices ths5 Ers belnR called
ATT ~
Answer-We con2ider all three OF
these. bonds good investments. The
AnacondA " are redeemable on any in
tersst date at 100 plus premium Of
u per cent for each year or part there
Of by which the maturity is antici-
phtsd. Laelsde Gas "a are redesmable
on any interest date al 101. Central
Of Georgia IS are redeemGble as a
whole, but not in part. on June I,
1924, or any interest date thereafter
on the payment Of n premium Of y
per cent FOR each six months between
the date Of redemption and maturity.
New-York tribune., 1922-12-17

There are two methods In common
usage among financial houses deal.
Ing In. mortgages which are 20 be
distributed an onR their cuLpomers in
small units, namely, che first mort
gage participation certificate and the
first mortgage real estate bond.
TIE first mortgage participation GER
tificAte usually is the Obligation Of
the house Of issus and beart the guar
anty as 70 the payment o. the prin-
cipfl and interest Of another corpora
tion. The mortgage is made 60 the
truStee, which Is Usually the house
selling the certificate. The mortgage
ik accordingly collateral for the GER
tifieates which haze bsen iisued By
the truitee.
Assuming the case where there Is a
mortgage Of 100000 and vhsra there
are 100 participating holders, each
ovnirr q $1,000 participation eertifi-
cate. we think the questions, yeu ask
Let as assume that the mortgage is
reduced BY amortization Of 10 per cent
hnntslly. In the ordinary eats the
mortgage dealer would allocate 10
each maturity certain certificates.
that Is 20 say, the first ten ceftifi-
Gates would be owned by ten iniivid-
uAls and st the end Of the first year each
each Of these ter individuals would re-
esiyS bis money IN fall for bis eErtifi-
cate. After the hrst year the in
tersst would naturally be reduced by
one-tehth, since there are only nine
Ltnths Of the certificate holders still
unpaid.
The SuaRtition that it inikht be ad-
visable 10 have the nortRaget pay off
part OF the Indebtedness OF each
certificate holder every ysar. in our
judgment, would be .inadstsabls. IN
tho cnze you mention IL would mean
ertoitlnR the partial payment. on 100
certificates. In many instances there
are far mere than 100 and great con.
fusion would follow, FURTHERMORE
thsre is a great advantage In having
these certificates mature EeriAllv 40
that an ihtettor can have his choice
OF certificates maturing In any year he
etsiFst. IL he Vishts 10 have sub
stsnusllg 10 per cent o. his invest
ment retnrued every year he can do
tAis b. purchasing certificates mhtnf-
uR O vGfious dGtts 50 that he will
receive Approximately 10 per cent OF mis-
principal through the payment OF cer-
Hficntes having definite due date.
IN other wosdi, IL he bss $4,000 10
invest he could buy certiAeaiet OF
ten different inaturitits or issues ma.
tarlrR IN ftoin. one 20 ten yeark.
'AasNtr.hK the last paragraph. we
TANK that there is.a little confusion
IN; the thought. Suppose five yeIrs
have pASsod And $4,000 Of the Dartici.
patioi.s have been paid. At ithis time