davidaulloa/AmericanStories huggingface dataset:
Decorah-posten og ved arnen., 1922-07-21
fenin.

Wu er WtfoIai Benin, Dem rnsiiife
Goblet &egierings Gbef, otter llaat
libel. Set er "Spenifa 0agblabet"s
correspondent / &iga, iom bar giort
oct al meo bam oenne Gang. San
fort9aer, at 2enin blep br9bt peo
Sprgiftning paa ct Sernbanetog I'M
oerpeis til ct gabeiteb / aaufaius,
oe ban bar bette fra en- "paalioelig
Slide. Sci iflllbe ia p9ret Weo.
lemlner at ben rabifale Slsi af &om-
mltnilterne, iom orebte 9enin. 2iget
blep faitet neb / gInen 9on, ibet 30.
get pasierebe oper @lpen peb 8oitop,
og en- af Worberne fortiatte &eiier,
til 8abeltebet / aa,lfaius, bpor ban
nj ipiaer &oaen iom "Yremiermini.
tier 2enin".
Oct bar ben 3bie Suli, at bette
ifllloe ia b9nbt. Wen ben tSoe Ssuli
telegraferer Msiociateb 8reis fra
Woifpa:
SEQ 3aneneb, fungerenbe Bremier-
miniiter og Greiibent for Woifpa
Sopiet, penote ioag tilbage fra ct 9e.
log bos Hifolai 2enin. San fortalte,
at YremierminiIteren MI bar fommet
itg iaa bra, at ban ON nogle faa
Tiger bill bore fllloit9nbig raif. "0er
er iaa lioen Sorifiel paa bans lis.
ieenoe M og for ban blep ing, at man
ifaloe life fro, ban bar peret alpor.
Zig Ing" ia &amenep. "2pgerne til
laoer bam mn at mobta @eisg bier.
anoen Sag. Gfterretningen ON, at
ban er / goo gebring, maa bore
poerit fiebelig for De &orreiponoenter,
iom ortper meo at ilaa bam libel,
ret iom oct er."
20 Gage for, Sen 16be Si,li, op.
lpfte 2enins r~usiiife 2eee, Or. g.
Semaibfo: "9remierminiiter 9enin
%begpnber MI otter Iiot ON fem at
operta 2eoelien af &uslanbs Mffprer.
Segerne, iom tilier bam, tiaaoer BAN
at fonferere meb politiife 8enner.
San bar mobtat fIere al benz / belt
forlebne llge og brsftet forifie1ige
Observation-Disclosures. San er iaas
leOes / goo 8ebrine og beepnoer after
at gisre fig sirloenoe / 2ebelien al
bort Sands &fi9rer."
Inore Goblet. 2ebere meo6eIer, at
2enin MI boiler fig nsie unberrettet
ON, bpab ion fcregaar / Saag og
ON Sitltationen biemme / 3uslanb,
ierlig meb Senipn til Iarsuoiieterne.
8e erflerer, at ban Itaar fait paa
BEN GrflGring, ban afgap, itrar for
ban blep ing, at "Rltslanbs Silbagc.
tog i &etning al &apitalisme mn ct
enot".
Decorah-posten og ved arnen., 1922-07-21
Gyif.Q merifanerne.

Sen tpif.amerifanife R~ationai,
fonference, iom bolotes / Chicago,
pg iom afilllttebes @anoag Iften,
reotog forifjeaige HeioIutioner,
hpori Dc, bl. a., tiIia9oe 9eperiogp
/ Snoiano, groofbarot / Soma, Sro-
sier i 9sortb 9afota, ga 6oaette /
@tsconIin, 6rance / Warplano %
Reeo / WiSiouri lin Stgtte / ocres
8umpugne for II. g. Senatorer.
9onferencen freoeoe ogIoa en- He-
triton al arigstraftaterne og Siem,
fenoelfen al be amerifnnife 5ropper
Oeo Rbinen. 9en ubtalte lit giialo
nteo bet / 8ongresien ircmIatte
GrunolopsttQpg ON, of en- ari9s.
offering life fam llbiteoeS uoen ef-
ter en- afbolbt 6olfeafitemning, uno.
tdgen | SilfRlbe al ct ~uftlelt iienOt-
l!gt SnbfaIo / 9onbet. &onferencerr
ltotalte Jig ogioa / 6apsr al Ell ufor.
tgOet Silbageoen0en til gl OF @ir.
Setnricb Seine / Chicago er Or
eaniiutionens 4reiioent % 8eora
SplOeiter Sirecf HeiolutiouSfomi.
teens Sormanb.
Decorah-posten og ved arnen., 1922-07-21
Smaanotiier.
Saoet aIB6er en6na.

S enfelte 9anbe / europa slsoer
enbnu Saoet / Menneifenes Sinb
meo en- Snteniitet, iom er panifelie at
begribe for nbenforitaaenbe. 9ette
blep / Manoass paa Ell ligeirem
,lbpggelig Waaoe after unberitreget /
8aris, bbor oen internationale Ssbe.
ration al NEUTRALITY-SUSPICIOUS. / oisie
Gage boloer Wsoe. ga Spsrsmaalet
ONT Sptagelie / Srganiiationen al
tplfe &binoer meb NEUTRALITY-SUSPICIOUS.
nelie blep reiit, trllebe De frantic %
belgiife 9elegater meo at forlaoe Ws.
set, bpiS noget %iaaoant blep beili,ttet.
Sg BOG err BET Ell al oenne Sr9as
mutations fornernlte Spgaper ut prspe
at borteliminere NationaIbabet oa at
fremme &ulturarbeioet meIem Sol
fene blanbt anoet peo l1bperling
al llniperiitetsl9rere % Stuoenter.
Spilfet man ifulbe ipnes maatte bore
Ell n%aturlig Spgape netop for fpinoe.
lige Ifabenifere. Oct er panifeliat
at gisre bpsgenoe Irbeioe, naar life
alene grooerbaoet men ogiaa Seiter-
babet -enbml glsber iaa iterft.
"a Nationer er repr9ienteret beb
Wsoet / 8aris, % oe frantic % bel
giife apinbers Srliel maa ia giort
ct pinli9t Snotrpf.
Decorah-posten og ved arnen., 1922-07-21
Seniationel DhiifYiae.

Sra Chicago meo6eles: SarrD
80. Wager, fbp. Collector Of ,Snter-
nal &epenue / Gbicagobiitriftet, %
SenIamln Wt. Witcbeq, iom / oper
so aar bar pGret Weolem al SQi.
notS S~egtSlatltr, blep forleben SaJ
orreItereoe poa Inflage for Eengcs
1%lopreSning / SorbinoelIe meo ct
fort Intal 8biifpioger. Sc bleo
ienere lssla0t igien MOB &alttion.
SIR. Na9er bar laoet iig iorlpbe
meb, at ban, noar 5orbsret tagec
lin 9egpnoeI'e, bill giue Splpsnin-
ger, iom ganife iiffert fommer iii
OF "pGffe Seniation".
geifplbniugerne moo Iagcr og
WitcbeQ 9iPlber fun et enfelt Sil.
iGlbe al Rengeoiprpsnirg; men Dc
1eoerale Igenter antpber, at oisir
10 arreitationer blot er 5orleberc
for "Siquor 8rait" Niileri1ger in.
p~olperenoe oper 100000 pg ct 9ln,
tol meget promincnte Ferioner, ser.
i6lanbt fsOcrale Iunftouprer al,
ieeoe Chicago 6orretningampno OF
andre.
@n pelfienbt @rpgger / Staten
ital bape fortalt 6orbuosageuter, ii
han bar bleuet tuunqct iii at betal(
On Sranbifat al So pr. Barrel Al
81 meo Den minbite "aicf", iom no.
icnoteS ira grpseeriet, o. ban bal
srflGret Jig uiais til of optrGbe ion
Geelerinsspibne.
Decorah-posten og ved arnen., 1922-07-21

gen Waabe bar SnbfIpbeIie / So ,,ru,
@alg: Sli paaeen! gria ebers
me os ebers Snbflbbelie lila n ; y" !
itstter be loplsie. glementer, men !
Yerioner paIst inb til aunores ~ ! :
9islatur iom nforferbet bill orbc;SSs !
Sorbubslopens S%pretboIbelie.
S9rIis minber hi ON, at hi moo -,
paa @agt for 8unsresmanb q, : ~ ~
iteab. iaa Sorbubslopens EienScr y !.
faar binbre bans @jenpaI9 til rritr :.
San tr9nees Der ban CT MI n,er ems !,
Wi bill bebe ale bore arebsiorr,n
at Iaese fig Selifabets Spgope Sor,
paa 5ierte os benptte bber anIcbrinn
at sisre bet en- Sieneite.
@i bill bebe Rreiter % MeniobcS.r
inbbpbe Selifabets l1oienbinocr ri
bolbe Sorebras os Wsber. Sc Mi :,
babe llb6ptte beraf paa famine Eih +
&c er meb at eipe Dor Gag ct 2eft fre,
pper. Ser tr9nges ct aIminbelio qoE
ninssarbeibe bIanbt bort Solt fnr
p9tte bet at ben ispnastise Sililorb II
operfpr Sorbubsiaeen, iom Seiren +
lebet iaa mango inb /.
Sg bort Selifab tr9neer @ibIrr
BET Ifal siere Den @iernine bct bar IN
fat fig. Ien ba MAJ bort Tolt prf
til Snteresie for Saeen bcb @cIso
bore SalsmGnb. Gut berfor GpreT
for benz!
Sg enbelig bill pi raabc uS I'll r,
ppren Nanb pg &binbe i~aalanot bor q
Tan naa: @is big ielp iom en- IooIp,
gorser at bet Qanb boor on bar fooer
eoot Sieml 90 per meb al frcmmc
telie for Sob oe Srbenl Ga er Su II
at bbgee paa 2anbets 2pfte for
ielb os for bine gfterfommcre.
Sor iaa Hart iom miilig at MT
Sellfabets StiIling til Den Noito+
iom paagaar for at faa @oIiteobIo,
Gnbret / Saosr at 9l os Bin beIut
fslsenbe:
~"RESOLVED: That we decI
against any modification of the Y
stead Enforcement Act which wo
admit wine or beer or otherv
weaken enforcement, and will do
in Il power to insure the elect
November I, 1922, of members Of
United States Congress and ST
legislatures who will work and '
for the retention and enforcement
the Eighteenth Amendment and
Nolstead Enforcement Act
Iarsmebet bill ubtale i'm itorc 81
oper be ppermaabe pafrc Hciultatcr
Sorbubslopen anerebe bar braet, %
nteo aienbsgiernineens Iaet bill "a
en- mGstis 9Gmnine mpb 2opeuS s
bers Isitationsarbeibe.
aarsmsbet ubnGpner en- &on1ite ii
renibere Selifabets 9onititution / 6
cnsitemmel1e meb bet llbpibebe 9roo
os bringe Sorilag berom til nritc 81
mshe.
8uitap @ibe, Set
1914 6. "a Ct, Iinneapplis, 81
Decorah-posten og ved arnen., 1922-07-21
en- rafenoe Silipino.

Sra ManiIa, g.. S., berettes, at
en- raIenbe Snofsot Ssnoas git
gerierfersans / Siertet af oct ame-
rifanIfe 'Heiioens., Sotel- % alrb-
hlitrift ipingenoe en- lang &niu.
hpormeo ban itaf % ~flpngebe itpst
otte Ierioner. gn itor Sob ioriilg-
te Silipinoen til Stranbbreooen Of
granddaughter, bpor ban iprang ,
@mbet, men blep lasioet al Ell
&aptein / ben amerifanffe Irme,
ipm latte eiter bam / en- 9aao.
Decorah-posten og ved arnen., 1922-07-21
Serimob proteitereoe &egieringen

Serimob proteiterebe &egieringen
| @aibington, og Der bar p9ret en-
bel Del &rangel ON oer,ne Sag.
Nu meloes fra 2onbon, at Der
meIem Mmerifas @elanbt Sberlt
Sarpep os lloenrigsminiiter 9alionr
err opnaaet flllb Gnigbeb ON Wanoas
ti,ret / Neiopotamien og BalGitina.
Gfterat benne Sperensfomit er be.
banolet al 2%igaraabet, iom / bisle
Gage err iamlet / 2onbon, % al Gelc.
geretforiamlingen / @eitf / Septem.
Der operienoes ben oct amerifanIfe
Senat og oct brittle Parliament til
Ratififation.
Oct forlpoer, at Sperensfomlten
fife betpoer nogen itor Soranoring /
Den aaereoe eriiterenbe Oronin9.
@nglanb, Sranfrig % Stalien bebol.
Der n9iten aue De M, fienote Ole
felter / Weiopotamien, ibet ogiaa De
tibligere tpife Setter beles meaem De
ire. 0erimob bill gmerifanere faa
Sob til at lebe efter npe Sliefelter
Wanoatoriet, og timber De noget iaa
npber De lige Hettigbeber meo De
an0re.
Sgiaa meb ben frantic &e9iering
bar Imerifa afili1ttet lignenbe Sper.
ensfomiter ON Wanbaterne / Sprien
o. 2ibanon.
Decorah-posten og ved arnen., 1922-07-21
Sreo oe ufreo.
JorifrtteIfs fra Gtee I.

omfrina e0er bar fonnmet fig op |
2ipbaabe. Set gialot of ,ibrpbbe ale
@ioner til ueierninsen. 9e tiIbsrte
M begge &apt. Grbarots reaftionGre
Sprsrsbatalion.
0et bar iiffert oisie TO, iom ifisb
Or. &atebnau ct. Sansoae. Den
treble, ben 24.aarige Stuoent Sc.
cbop, fisrte MutomobiIen. San blep
arreiteret / Sranffurt peb Sber fire
Gage efter Morbet.
Decorah-posten og ved arnen., 1922-07-21
&esierinsens ionnlebe llbaifter

JItBJ0I UHBtHS { 1UIIIItUt I1UHITITI 7
bet 6iifalaar, iom enote ben 30te
Stunt, bar 1898, O00, 900 MOS &c.
.538,00o,oO0 for oct fOreaaaenoe aar
- en- Reouftion Of 1872, 100000.
Sitebetfor ct ~llnoerifuo paa mere emo
"a WiQioner, iom man regneoe meo,
oa gubgettet bleo opsiort / Secem-
Der, iluttebe Siifalaaret meo ct Sper.
'ffitb paa 3t6 Wfillioner Dollars. 9all-
bets 8iGlo bIep / @arets Sob for.
mlnoifet mel noget oper en- Billion
0oaars.
Decorah-posten og ved arnen., 1922-07-21
2iaaraa6et.

@rebensligaens 8aao traabte /
Wmnbags iammen / ct. Sames 8a-
labiet / 2onbon. Oct er ferlte Gang
&aabet bar msot | 2onoon. Npiten
ale 2anoe / europa bar repr9ien-
teret.
Oct, Tom ale er melt ipenbt paa
at ie, CT, ON Spiflano MI bill isge
Sptagelie / 2igaen. tSpiS bet ifal bli
inonoteret paa 9elegeretforiamlingen
/ 8enf / September, maa BET ienbe
Inisgning til bet mlp9renoe Raabs.
msoe / 2oroon. Set pioes, at 2lopb
George giennem oen brittle 8eianbt
/ Berlin bar opfororet Higsfonll Her
Or. @irtb til at isge ON Sptosc!ie
% lopet bam britiif Ststte, bpile.,t er
ensbetpbenoe meb Spiflanbs Spta-
gelie, men enonl er ingen Inisg.
ming fomnet fra Berlin. 9et bent
ger maaife paa BET, at SpIfIano er
life tilfrebs meb bare at bore nlcb /
9elegeretforiamlingen, Oct pil ogiaa
bore repre- enteret / Haaoet.
Baa oct fsrite Meoe / WanoogS
fremlagbes en- betalieret Blan til ct
perbensomfatenoe Spitem, bporefter
a1e Nationer ifltlbe ubnppne perma.
nente "Sreosfomiteer". Blanen, iom
er formuleret al Ell ipeciel aomite,
gaar uo paa at uopioe 2igaens Golo-
eif~tsarbeibe, iaalebes iom fsr fore
ilaaet al Den norife, fpenife Cd iranife
Hegiering.
@nbbioere beililtteoes oct, at ogiaa
Mmerifa og Spiflano ifitlbe inbbpbes
til at ,ton9pne Weolemmer at 4omi-
teen for l1,tbertrpffelie % l~lbrpobelie
al ben "bpioe Sl~abebanoel".
2orb 9alfol,r pr9iiberer peb We-
set. 6ranfrig er repreienteret al
8ipiani. !.
Decorah-posten og ved arnen., 1922-07-21

ENTERED AS SECOND CLASS MATTER JUNE 18TH 1908 AT
THE Posi- OFFICE AT DEcoRAH, Iowa. UNDER THE ACT
OF CONGRESS OF MARCUS, 1897.
Decorah-posten og ved arnen., 1922-07-21
Sra Oct folriee Jtalien.
Gn Snr til Gumpeii.

(6or "9ceorabs Soften" peb ~. u. Tes
beripn.)
Decorah-posten og ved arnen., 1922-07-21
MINNEAPOLIS CASH WHEAT PR
CASH SALES IN MINNEAPOLIS.

CASH SALES IN
60. NJ . ,a,Iow IS a ~
Cotn 30 70 o. shitn 1850 81
0a.s ~ = white .3O&@ .39
Barley, choice to fancy. -" ~ IA
Barley, medium TO good. 90 ~ I'll
Rye e; a;..'::.....::: a.HaS24i
Decorah-posten og ved arnen., 1922-07-21
Cper @einD.

90 Sc to brittle Sfficerer, iom CT
paa Slppetur runbt Sorbfloben, flsi
fra Som til @rinoiit peb Wesiina-
itrpoet / Stalien, iatte oe 8urien
~tperSoper Sulfanen 8eirp, iom netop
pau ben Sio bar libt urolig. Sn
bette @pentpr ienote Maior 9lafe
biem til 2onbon fslgenbe 9eifeo: "&i
ilsi eiennem tGtte Spoplifper. &sgen
npiten fpalte os. ga hi flsi oper
&rateret, iteg eler falot hi unber-
tiben 100000 SOB / loOret &et.
ming. Si iaa life anbet END &sg oa
tette Sfper. 20 elmer efterat hi bar
anfommet til 9rinoiii bapoe hi enonl,
en- iterf Spoplimas / Wunben."
Decorah-posten og ved arnen., 1922-07-21
Settle BID

Wand
pbelRgg
@al1bind
Man
itrar eft
ration.
rem Wto
ligt blar
gen ton
rer bel
Set er
man Cir
Spis
man laa
GpGlee
REQ opp
gliape I
fipleS.
GCirl
Chart t
Here 90
iurite g
9taar
ira 9lrf
ioritanb
VIpV w
Cnteit 0e
Wfeils
&eiteile
FEM, I'd
toge al
ite 9ogl
6re peO
ut tage
narlll 2
&arIllell
trpffenb
SC fro 9
pPro of
9taar
er "foil
cQer fol
Cr Ser
Set emo
Setter.
cuer III
lller ON
&c, o9
Dpres.
les i11eb
iigtigbe1
Sorifiel
Zig og
Ster
0felfefi
Sarntio
at en- 8
Sanb,
nteget
illeb til
6eriegel
praftiif
Sano.
bibenfd
paa Oct
ifabelig
6ellite
cent SD
&igtigb
for Sen
OQQ Ell
lrluligt,
fpnnuS
Decorah-posten og ved arnen., 1922-07-21
Wanbaterne.

Ser bar iom befienot p9ret aoifil.
Zig Misnsie her / Imerifa meo DC
brittle og iranife Wanoater, iprlig /
Weiopotamien, Sprien % EalGitina.
Wtan ipntes, at De TO allierebe Stor.
nlagter bopbe faret til fig alt, iom
bar pGrb at ia. Spbapet til belle
llgreien bar, at Imerifa blep lloen-
for Ierbensliaaen. Set itaar uotrpf-
felig | Sraftaten allaaaenoe Wauoa.
terne, at "aae Weolemmer al Ser.
oensli9aen ifal ia lige &etti9beber
% Yripileaier meb Wanoatbolberne"
Sc Soreneoe Stater ratiiicereoe life
|eriaiaes.S raftaten og blep iaaleoes
rlbenior 2igaen; berineb blep oct %.
lao i,benior ale &etigbeoer | De for.
] ifieaige Wanbatorier.
New-York tribune., 1922-10-23
List for $4,000

Question = Would you kindly suggest n
diversified list of bonds in the amount OF
$4,000, which would be consdered a safe
investment and would yield per cent or
over would also like>to have your opin-
ion on Cleveland Electric Illuminating
Company twenty-year sinking fund de-
benture rs. due ls41.-E L.
Answer--Cleveland Electric Illumi-
mating Company Is are Il reasonably
good investment. They are not Sc
cured by mortgage, but are the obli-
CATION of company serving a popu-
Ious territory and earning its fixed
charges by substantial margin. We
suggest for your $4,000 two $1,000
pieces of each of the following: Amer
lean Sugar Refining Company SIS, 1887
yielding about 81 per cent; Brooklyn
Edison 5s, 194e, yielding about 81 per
cent; New York Central refunding and
improvement IS, 2O13, selling recently
to yield about 5.2 per cent; Dominion
of Canada IS, 1862, yielding about 81
per cent, and twenty shares Of New
York Telephone Ga per cent preferred
stock, selling around 40.
New-York tribune., 1922-10-23
Depends on Income

Question--As a constant and interested
reader reader OF your invaluable paper take the
ioTrty tofin, TO ASK your expert opinion on the
So. 1916; $1,000 state of Queensland Is
!eI; $1,000 Dutch East Indies IS, l947:
$1,000 Department. of the Seine 7s. 1912;
VI 900 Switzerland ss. 1910; $1,000 Balti-
more NOR & Ohio convertible AIS. 1888; $1,000
Brooklyn Edison d rs. 1910; $1,000 Bush
Terminal Building SIS. $4,000 Canadian
Northern rs. 1910; 900 Long Island re-
funding As, 1919; $1,000 New York Tele-
Telephone is. ls4i $4,000 Pubic se.~ice ee, OF
New New Jersey 5s, 1859; $1,000 seaboard Air
Line Equipment So. $1,000 Union Pacific
eonyertibo pn,eat l IS 1927 $1,000 United states
Is. Shortly shall have an additional
$4,000 to Invest, for which kindly give me
your suggestions The above constitutes
all ! possess and on the Income Of which
adepend.-Mrs c. p.
Answer-Your present holdings are
all suitable. You have as many high
yield foreign bonds as should be car
rled in an investment Of this size and
we would, therefore, suggest that no
further funds be placed in this class
OF security until your investments be-
come much more extensive than they
are. For the $4,000 new capital we
suggest: International Paper IS, 1947
selling recently to yield about 81 per
cent; New York Central refunding and
Improvement 5s, Series G., 2O1S, Yield
ing about 5.2 per cent; American Sugar
Refining. IS, 1887, yielding about 81 per
cent, and Chicago & Northwestern Gus.
1886, yielding about 5.3 per cent. Buy
$1,000 of the American Sugar bonds
and $1,000 of each of the others.
New-York tribune., 1922-10-23
Southern Railway Outlook

Question---May ask you rs an analyst OF
aay sqrss bon, g. gise me- WYE
Interested n some Of its common stoek
O op,pion Tor, as to whsthsr that railway , .,, !.
operating expenses and taxes' OF about
s1sSeo.ooS oeo ooS and total net" Of about
from what was the differences. OF s4ooo.ooo
derived, and Ia similar difference to be
sapeetsd thls yeaT9 recently observed II
expenses and taxes" for first eight months
OF this year increased $s,o0o.0oo, at which
rate xas an ~ increase for the year Of s7soeo9o
Ing that balance for dividend last year
was s2,0o0.o00. on which basis the balance
shs soS YEAR ear might be sssooooo, Even say
ferred stock, the balance would be equal
comments ys You can can make ss on thia aueston ton
OF whether or not the Southern Railway
is making progress would be appreciated.
the Southern Railway, and ii so, can you
give their fgurcs?-R. A. r.
Answer--Snce your letter was writ
ten the directors of the Southern Rail-
way have restored the preferred stock
dividend, an act which indicates the
company has realized substantial i'm
provement in earnings. The difference
between net operating income and total
income in 1921 was represented by
what is known as incorporating in
come. In 1921 this item totaled s4,-
$4,000. Over series of years non
operating income has averaged close to
s3,750,000, and it is safe to assume
that the average amount will be rea-
lized in 1922. On the basis of returns
for the first eight months of 1922 it is
figured that, allowing for normal sea-
nearer to than per cent on its COM
mon stock. In connection with the
study of railway earnings you should
be interested in the series of daily
articles now appearing in The Tribune
on the earnings Of the important car
riers. An article on the Southern Rail-
way will appear before the conclusion
OF the series
New-York tribune., 1922-10-23

We question whether the figure of
4.8 per cent Is correct one to use
in speaking in general terms. Exemp-
tion from normal taxes and the income
from a principal amount Of $4,000 is
not particularly attractive to the man
who pays even moderate rate of sur
tax.
What we mean is that the loan Of
fered no particular incentive for the
wealthy man to purchase in excess Of
$4,000, and it must be remembered also
conjunction with holdings Of other
Liberty bonds issued under the act of
September, 1917. The new bond was
not attractive at all from the exemp-
tion standpoint, where wealthy men al
New-York tribune., 1922-10-23
Investment in 1o.share Lots

Question: wish to take advantage OF
your financial advice published in your
and am desirous to invest In good stocks
that have a high Yield, Am a business
man and able to sacrifice safety to some
following list. ten shares OF each Della
ware Lackawanna Western Railroad IS
common. Southern Pacific IS common.
Canadian Pacific los common, Bethlehem
Steel es cumulative preferred United
States Steel Is preferred. Baldwin Loco
motive rs preferred, American Telephone
& Telegraph os common. American ice 6s
preferred, Endicott-Johnson 5s common.
PUBLIC Service OF New Jersey ss preferred
cumulative.-H w. H.
Answer-An investment in ten shares
OF each of the stocks on this list would
be entirely suitable for business
man. The strength Of this investment
would be increased by substituting
Endicott-Johnson preferred for the
common,
New-York tribune., 1922-10-23
All Except Two Suitable

Question-wili you please advise ms q.
saIding the safety of the following sesu.
lties: United States cert.hcates sses;
Missouri! Pacific general Is ca: Southern
Rafi~ag 4s {2); Chicago. Milwaukee g.
paul refunding 4iss IN, French 7hs CD;
department of the Seine rs %; Dutea
East indies. 1a47, IS ID; 10 shares Kan.
sas City Southern preferred: 10 sharu
FER Marquette prior preferred; 10 shares
Reading Railway common: 20 shares Msr.
ican Sea board certificate. purchased at 81,
30 shares Spicer Manufacturing Compsny
common. purchased at 22h. The above
two stocks were purchased upon recon.
mendation OF g. broker. ~tho claimed that
the Spicer Company manufactured auto.
mobile parts. which were bought by all
important automobile companies, and thst
1t was well managed concern with POS.
sibilities for dividends on the common.
i am not dependent on the income from
my investments. but wish to build up 8
sound investment program.-M. c. q.
Answer-We make no criticism sf
your security holdings, which are suit
able for one in your position, except
the last two mentioned, which are TOO
speculative to have any place sn,ass
investments.
New-York tribune., 1922-10-23
Took Profit in Bond.

Susstion--I am widow dependent an
nsr Investments for her income. p,eas un sa
ar., s'se 20 me on the following: / own savs
T, eral shares OF United States Steel preferrsS
hnMoy, are now eight points above what +
,.uin pJasme 5nem Tor Would you sell them
@something 80 else9 I know they ara s,i, ~
edge but the eight-point gain lona. , sli,
70 me and are there not lust Ia n,any soo9 ,ossi
tniEgs to reinvest IN? / lilea ~ tr..s suou
my income as often as possible. Recan.iv
i,,s spa ilvs Copenhagen bonds makinp n
ln,..e ,,,,.. over sbg0 on the deal and have ra~
inVssled y @ in Paris Lyons Medfterr.naaur
N.Y. es; was this good exchange? !?
Answer Your Copenhagen trans.c
ton exemplified common falIacv w,
inquired On taking profit on the Gonan :.
hagen bond and picking as substifnte =
pond selling on higher yield basis.
on the theory that the profit could he
repeated. Now you propose to do ma
same thing with Steel preferred. CSmr
advice is 70 leave your Steel Investment
as it stands. In the Copenhagen trans
action you realized q paper nrofit
simply because you were willing to take
q security somewhat less desirable. md
TINS is exactly what you would have to
90 IN selecting substitute for Steel
preferred. While your Steel stock was
advancing all preferred stocks Of eouas
investment rating were doing likewise
and, therefore, you have nothing 10
gain by taking a stock Of ths same
grade rs Steel prefeTrs%
New-York tribune., 1922-10-23
Bonds Of High Rate

Question--As a constant reader OF your
valuable paper for tho last twenty y-five
years would like to have ysur opinion
on tho following bonds which intend to
purchase as an Investment: Kingdom OF
Denmark and Norway 8 per cent, Duquesne
Light and Power 7h per cent. Diamond
Match Company 5hs per cent. United
States Rubber W per cent. Belgium gov
ernment 7h per cent, 10 shares OF cu,nula-
tive preferred stock OF Baltimore Gas
Electric Light and Power per cent
Trusting you will kindly advise as to the
purchase of these bonds as 7 will have
$4,000 to invest on November ]. I am
looking for a large dividend rate with
safety and have selected this list Kind
ly also let me know when these bonds Will
be called for redeuiptien.--H. r. s.
Answer - All the securities about
which You inquire are reasonably good
investments and suitable for your pur-
pose, we believe, yet we should hesi-
tate to place half Of an investment fund
in foreign bonds. Why not select Great
Northern rs, 1885, non-callable, instead
Of one Of the foreign bonds? Denmark
and Norway SIS are callable after 1926,
Belgian 74s at any time and Duquesne
Light 7hs and Diamond Match 73As at
any time. United States Rpbber 75As,
1880. are rot ealtsbls. =