davidaulloa/AmericanStories huggingface dataset:
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-10-23
PACE CARRIED LIQUOR
ON NIGHT OF ARREST,
TESTIMONY OF JORDAN

Testimony of Robert Jordan in re-
gard to conversation and occurrences
on the evening of Sept. % featured
the trial Monday in circuit court OF
James F. Pace, Democratic candidate
for prosecuting attorney. accused of
violation of the liquor law. The de-
PENDANT is accused of having had pos
session of a bottle of liquor on the
night in question.
According to the testimony given by
Jordan, Pace and Russell Gears Wis
tied the place where Jordan was en-
ployed. and the lrio went to the base
ment where theEfook a drink from a
pop bottle partly filled with white
mule. Later. he testified, Pace left
the esta blishment with the liquor in
his possession.
Claims $t5o Offer.
Jordan also made the claim that
Pace had visited him at Connersville,
where he is now employed and asked
him to sign an affidavit to the effect
that one of the trio had made the
statement that the Richmond police
we're bootlegging. Jordan testified
Pace offered him $50 to do this, and
he refused
Isn't it a fact that when he was
talking with you. you told him that
YOU had left a check outstanding in
Richmond and that YOU needed $50
to cover it?" he was asked.
you're a damn liari" said Jordan.
The court raped fer order and he
subsided.
More Witnesses
Court adjourned at the noon hour
Approximately 25 witnesses remain to
be examined. but Jordan is believe.
to be the one on whose testimony the
case rests Jurors are: Benjamin
Crook Howard Smith. Samuel Ben
ham. Jack Harper Edo Cain, William,
Abbott, John Spahr, William r. Aus.
tin, +. w Carlos. John Flatley, Law
renee Hiatt, Q. ". Hartrup.
Officers Testify
Officers CusSinS and Seymore, who
arrested Pace on the night of Sept
%. testified Monday afternoon. Off
Ger Cussins said that he and Officer
Seymore had followed Pace as the de,
fendant was walking south on South
Eleventh street and that Pace seemed
to be hiding something under his coat
Cussins walked up to Pace. he testi
fled and asked him if he were trying
to hide something. Pace tried tC
break away, the officer said. where
upon they seized him and discovered
bottle of liquor Pace offered tc
take them up the alley and give them
a drink if they would let him go. Gus
sins said They put in call for the
police patrol and held Pace until i
arrived he declared.
The testimony of Officer Seymore
followed closely that of his brother OF
ficer
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-10-23
Four Free StGters
Killed In Bomb Attack
rBv Associated Press)

BELFAST, Oct. 23.-Eour Free Stat
ers we're killed and three wounded in
bomb attack on a motor car at Ferry
Carrig, county Wexford, yesterday
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-10-23
A. BONAR LAW
CHOSEN HEAD
OF UNIONISTS
Will Accept Task of
Forming Cabinet

LONDON, Oct. 23.-England today
had its first Conservative prime minis
ter in IL years in the person of An
drew Bonar Law, who although asked
by the king last week to form a cab
met, deferred his final acceptance o.
the premiership until today when the
UnIonist party went through the for
mality of electing him its leader
The Conservative meeting held at
the Hotel Cecil, was attended ty 439
members of the party including MANY
OF those whose names are famous in
British craftsmanship. The new prime
minister was elected unanimously.
Absent from the meeting were prom
inent Unionists such as Austin Cham
berlain, Lord Birkenhead and the Earl
OF Balfour. All three of them last
week revolted from the decision OF
their party to return to party independ-
ence and to quit Mr. Lloyd George To
the revolving members Mr. Bonar Law
held out the olive branch, expressing
the hope that they would return to
the fold.
Great Brain Needed
The rise to power of Mr.. Bonar Law,
the retiring Scotchman, with tenden-
cies bordering on those of a recluse
brings to the forefront a man who re-
mained in the background contentedlv
until the hour came and his great
brain was called to the service of his
country. The force of circumstances
involved in the collapse of the coali
ton government has finally driven him
from his beloved pipe and arm chair
to assume the highest office in the
power of the people in the British
commonwealth to award.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-10-23

LONDON, Oct. 23.-Andrew BonaI
Law on leaving the Unionist meeting
today at which he was unanimously
elected leader of the party, told the
newspapers he would accept the task
of forming a ministry.
New-York tribune., 1922-10-13
Better Protection
For Investors Is
/. b. A. Heads Plea
Newly Elected President
Asks Investment Bankers
to Help Stamp Out Fraud
ulent Stock Schemes

DEL MONTE, Calf, Oct. IA
greater degree of protection for the
| investment public against the wiles of
sellers of worthless securities and eff
fective laws and means for the sup
preston of fraudulent promotion were
called for to-day by John A. Prescott,
newly elected president of the Invest
ment Bankers Association of America,
i'll an address at the annual conven-
tion here.
Mr.. Prescott, who has served two
terms as president of the associa-
tion, is member of the firm of Pres
cott & Snyder, of Kansas City, Mo.
1.-THE New York District Attorney"
declared Mr.. Prescott, 'has been
quoted as saying that the American
people have lost more than $750000, 900
in stock swindles since the war. l be-
lieve this is a conservative estimate.
1t is obvious that losses such as these
in any considerable volume must seri-
ously shock public confidence in in
vestment securities and the agencies
through which they are distributed.
They tend also to discourage habits of
frugality and thrift The injurious
effects upon the public welfare and
the business in which we are engaged
can hardly be overestimated.
'To be effective in our efforts to
stamp out fraudulent practices in the
sale of securities by irresponsible deal
ers we must be consistently solicitous
of the conduct of our own members
We should insist, among other things,
upon patriotic obedience to state and
national laws; upon strict observance
among ourselves Of our mutual con-
tracts and obligations; upon scrupulous
care that representations made in the
sale Of securities be not only techni-
cally correct, SO as to be legally de-
fensible, but also sufficiently compre-
hensivc to be fair and honest; upon
careful avoidance of the use of incor-
rect descriptions of securities, such as
misleading bond titles, and upon frank
recognition that the interest of The
whole nation is. paramount to that of
any group and that the general welfare
is the only permanent basis for our
own prosperity.
Until comparatively recently the
conventional attitude Of leaders Of in
dustry and finance toward the public
was that Of reserve, if not silence. The
investment banker was no exception.
The Investment Bankers Association
hiss done much to change that situation.
The discussions of financial problems
and methods at conventions and in
committee reports Rave been pub
lished, have been widely quoted in
the press and have become textbooks
in universities and financial schools.
The door has been opened for real con-
structive work in the further develop
rnent of an Informed ard intelligent !
public opinion on financial matters and
i better and more widespread under ,
standing of the necessity and value of |
the services rendered by investment |
bankers. / believe we should avail |
ourselves of this opportunity for serv- |
ce and endeavor to establish broader |
md more intimate contacts with the |
public through conservative, carefully /
planned methods of publicity"
New-York tribune., 1922-10-13
What's Behind
Active Stocks?
!22-Minneapolis. St. Paul &
Sault Ste. Marie

The Minneapolis, St. Paul g. Sault
Ste. Marie Railway, commonly known
as the $500 Line" operates 4,3S3
miles Of road, lying principally in
Minnesota, Michigan, Wisconsin and
North Dakota. 1t is controlled by
the Canadian Pacific through owner
ship of S12, ,723, 800 Of the $25,206,S00
common stock and S8,s1s.800 Of the
Sl2,6OS,4 400 non-cumulative z per
cent preferred stock. The 500 Line
in turn controls the Wisconsin Cen
tral, operating it under a ninety
nine-year lease. In exchange for.
Wisconsin preferred the 500 Line
issued $l1,221, 400 A per cent certif-
Gates. Products OF agriculture and
forest make up between 43, and So
per cent Of the 500 Line revenue
tonnage. The stock is preceded by
a funded debt OF s102,502, 900, in
Guiding the leased line certificates.
Road and equipment are carried at
$128,152,00O ard investments in
properties OF affiliated companies
at $23,230.000. At the end Of 1921
there was profit and loss surplus
of S16s119,000, including appropri-
ated surplus-a decrease of $e,191,-
600, as compared with December 81,
1920, owing to the payment of COM
mon and preferred dividends last
year out OF surplus. Earnings dur
ing the ten years ended with 1920
averaged better than IL per cent
per annum ON the common stock,
the figures Of net income including
government compensation during
the control period. Up to the end
Of 1921 Z per cent had been paid
each year since 1908. The common
received per cent from 1909 to
1921, per cent in 1908 and A per
cent from 1904 to 1907 Dividends
Or both stocks were reduced to 2
per cent semi-annually by action Of
the directors early this year, but the
company has been restrained from
making these payments. Range of
common since 1910: High, 1915 in
1912; low, 55 in 1922; last sale
price, 73M.
Earnings thus far in 1922 have
been at the rate Of about per cent
on the common for the full calendar
year.
New-York tribune., 1922-10-13
Investment Information

changed 1t for their per cent gold bond
due In August of this year Would YOU
advise me to SELL as I can now get about
sS for 1t, or would you wait and see Il
they would pay back interest? I am in no
immediate need OF the money. WIN you
kindly tell me what you think of Rem
ihston second preferred Mrs j. N. ].
Answer-You have been patient 70,
a long time with your Brooklyn Rapid
Transit bond. and therefore we 60 not
advise sale, now that The company is
rapidly regaining its balance. There
has been remarkable Improvement
in the companV's narninrs
New-York tribune., 1922-10-13
Exchange nf Two Bonds

Question: am about to dispose of bonds
OF the Anglo American Oil and also bonds
OF the b. r. Goodrich Company. VIII you
please advise me what would be safe IN
want TO reinvest in bonds of long issue
and which pay no less than 8 per cent and
which are absolutely safe.-Mrs. A. w.
Answer--A return Of at least per
cent is not consistent with absolute
safety under present money conditions
There are, however, some reasonably
good bonGs yielding approximately 9
per cent. We suggest Bethlehem Steel
es, I949, yielding per cent, and Brock
lyn Edison rs. 1910, yielding about 6.3
rer cent
New-York tribune., 1922-10-13
Has Limited Marketability

Question---Wiil you kindly favor me with
your valuable opinion as to the desirable
first mortgage s per cent sinking fund
bonds OF the Atlantic Tar and Chemical
Works, Ltd. K. McC.
AnswerThe earnings of the Allan
tic Tar and Chemical Works are suf-
hciently large to warrant the issue of
100000 first mortgage 3 per. cent
bonds to be classed as suitable in
vastnaent for business man. Because
would not recommend these bonds to
an investor desiring ready msrketa-
hilitY
New-York tribune., 1922-10-13
Bonds in sloo Denomination

Question-Wll you please favor me with
@ short list OF high-erade bonds other
than Liberty issues, of 500 denomination.
which suitable for the edihca.ioh of
youth and the investment OF the present
and future savings of one now nine years
of ge?-C e. H.
Answer-The following good bonds
come in s1Oo denominations: Great
Northern Is, 1896; Pere Marquette 5s.
1855; st. Louis-San Francisco prior
lien Is, 1850; Virginian Railway 5s,
1852; Montana Power 5s, 1913; New
York Telephone 6s, 1941; American
Smelling IS, 1s47; Pacific Telephone
6s, 1962.
New-York tribune., 1922-10-13
ShouId Take Bonds First

Question: have $4,000 to invest and
would like your advice as to the safest
and best stocks to buy; also amount you
would advise putting In each kind.--C.C.
misunderstanding that the invest
mcnt about which you inquire is your
first, we believe you should select two
good bonds and preferred stock. You
might purchase Great Northern 51as,
1862, and Bush Terminal Building first
5s, 1860, and ten shares of American
Ice preferred.
New-York tribune., 1922-10-13
Can Take Chance

Question: am regular reader OF your
column and have been very interested in
reading same. 1 hold one $1,000 Amer
lean Writing Paper 7s-es, $500 Goodyear
IS, 1941, and some French SIS. Your ad-
vice as to holding the above or suggest
ing any changes will be greatly appreci-
ated can afford to take a business
mans chance and would like as large a
return Is possible. but do not care to
speculate too nuch.-W. 3.
Answer--Since you feel you can af-
ford to take business mans chance
we see no reason for making any
change in your present holdings.
New-York tribune., 1922-10-13
Thinks His Stocks Lemons

ouestion-Kjndly advise me on the fol-
lowing stock which / hold: Five shares
Ryan Consolidated OIL (this stock / have
held for some time. Do you think 1t best
TO hold on?). rs shares United Texas Pc
troleu1n, 200 shares American Dru6
Stores, These stocks I can't even find
quoted. but am given to understand that
American Drug Stores Will como back. -
lemons, yes ~. j. e.
Answer-If your inquiry has refer
ence to Ryan Consolidated Petroleum,
we know Of no reason for holding
shares OF company as highly specu-
lative as are these. American Drug
Stores is irfreeuently quoted around
DO cents share, and United Texas
Petroleum sells at about cents a
share
New-York tribune., 1922-10-13
Tobacco Sales Increase

RALEIGH, N. c., Oct. IL. - Eighty
one tobacco warehouses on th.rty-nine
markets in North Carolina, exclusive Of
the cooperative marketing warehouses.
reported total Of 5o179,170 pounds Of
tobacco sold during the month of Sep
tember. at an average price Of $25I5
a hundred, against 48,016,170 sold in
September, 1921. at an average price OF
S21.93, according to figures made public
BY Frank Parkers, agricultural statis-
trrien
New-York tribune., 1922-10-13
Victoria Oil

Question: would thank you to give me
garding Victoria Oil. new" Also where
may write SO that / may get a state
inert as to their years earnings. etc.
NJ. M. O.
AnsweY-The only Victoria Oil Com
pany" of which we have a record was
organized in 1914, with s2,60o,000 capi-
tai No financial statement has been
issued recently. The general Office of
the company is at 25 Broad Street. Re-
cent transactions in the stock have
been around 35 cents share.
New-York tribune., 1922-10-13
Paris Market firm

PARIS, Oct. 12.-Pgices were firm on
the Bourse to-day. Three per cent
rentes 5s francs 40 centimes. Ex-
change on London So francs 60 CEN
times. Five per cent loan rs francs
20 centimes. The dollar was qaoted at
13 francs 241h centimeg.
New-York tribune., 1922-10-13
London Metal Market

LONDON, Oct. 12.--Standard cop
per, spot, e62 5s; futures c6a It's Sd;
eieotfolytic, spot, e7o los; futures
gfl: tin spot, a166 Is Cd; futures
si67 I2s Cd. lead, spot, e25 2s Cd;
futures s24 3s Sd; zinc. spot, e3o ITS
Gds futures e32 Is Cd.
New-York tribune., 1922-10-13

Questions of general i,sterest to in-
0estoTs acill be ansaoered in this col
st'r'a, IL. aclich case only initials toiA
DC ,tsed. Others acilI be ans,oered by
mail. Address all inquiries, incios-
ang stamped, addressed envelope, to
Fan1ncial Editor, The Tribune, ISL
Nassan Street, Neso York City.
New-York tribune., 1922-10-13
Investment for s5a1

Question: Will have $500 to invest on
October I and would like your advice as
to what bond to buy. I now own the fol-
loving $4,000 straus 6lb per cent bonds,
1897; 5000 Great Northern bias, 1852;
$500 San Antonio Power and Light Us,
1S59. Also own my own home, free ana
clear, and carry $4,000 life insurance.
Salary $3.50 yearly--G. c.
Answer-We suggest that you put
your available $500 in St Louis San
Francisco prior lien 5hs, 1912, selling
recently to yield about 81 per cent.
New-York tribune., 1922-10-13
len Months in the Municipal Bond Market

Of npni aoaed statistical table Tribune lists Tho s
since anu Federal Land Bank bonds which have hea a
eonn,a 2 . 1922 Original offering prices arc II @ aae w
market [ market quotations. indicating tho rrd - s
amount 80 I eshnang OF the The table aso ncna h
" eacn Issue and the in which it ~ aS m .he
New-York tribune., 1922-10-13
London -,1arke, Firm

LONDON, Oct. u. Trading was
quiet and prices were firm on the Stock
Exchange to-day Bar silver was quoted
at 34asd per ounce and bar gold at
S3s. Money WAS loaned at IL per cent.
Discount rates were: Short bills, 21s
@2M per cent; three month bills,
27-16@2a per cent. Consols for
money were quoted at 57ss. British 8
per cent loan at lo0h and British Al
per cent loan at 81.
New-York tribune., 1922-10-13

pendent on the demand for electrical
apparatus used in the automotive in
dustries, and in this connection it may
be said that reports indicate marked
Improvement in the company's bust
ness, which last year was conducted
at a considerable loss. We cannot pre-
diet as to the market action Of the
stock.
New-York tribune., 1922-10-13

investment public To those inquire Editor of The
tribune will be glad furnish additional information including
the name Of the Offering syndicate bankers and also an onnon
grdng the investment rating Of the bonds exempt from
taxation and from state taxation the which the
borrower is situated ~ -
New-York tribune., 1922-10-13
Magnetic Outlook Brighter

Question-What is your opinion of
American Bosch Magnetic? coupie Of
years ago l bought q few shares. aver
they Will ever touch that point again, do
you suggest that have patience and walt
which there has been some talk). in the
hope that the stock will sell somewh It
higher ?--H. C. L.
Answer - The value Of American
Bosch Magnetic shares is entirely de-
New-York tribune., 1922-10-13

George 5. Gibbons & Co. are offer
ing new issue of $500,000 City and
County of Honolulu co'.pon gold pei
cent sewer bonds, due July /, 1882, and
optional July |, 1927, at price Of 1892
and interest, yielding 4.25 per cent to
the optional date and per cent there
after By act of Congress these bonds
ar" as completely exempt from taxa
tion, Federal, state and local, as the
United States Liberty 3h per cent
bonds.
New-York tribune., 1922-10-13
Days NeaU Issues

A syndicate headed by the National
City Company is Offering at 1915, to
yield 1896 per cent, So, 500 City of
Philadelphia thirty-year 4 per cent
bonds.
New-York tribune., 1922-10-13
Shnnid Nns Sell Nnw

Question f.en the =. r.. r. sot in
troubis In 1871 owned a 81 coo bond read-
ins maturity n July of that year. ex-s
New-York tribune., 1922-10-13
Closing stock quotations were:

This is registration day.
Ii you do not register you cam
not vote!
Polls open to-day frqna $500 y m.
to 10.30 p. m.
Register eariy. -,
New-York tribune., 1922-10-13
I0:30 d. N.

Register or y0n cannot vote,
Don't delay. Register to-day!
PoIls open from $500 p. m. to
1880 %. M
New-York tribune., 1922-10-13

Forsr full columns Of in.
ucsfmcnt questions aud ara.
s'oers tell be published in
The Tribune every Sunday
and Monday. On other days
one full column rcill appear.
The New York herald., 1922-02-16
south American Projects.

In addition TO Dutch financing OF
$25, 600. 600 TO $4,000. 900 and the Haiti
loan of about $16O00.O00, which. 1t Is
expected. will be negotiated in New York
several other foreign issues are pending.
according to the International Securities
Notcs. issued by the American Express
Companys securities department. One
loan is for the Government of Mica
ragua. which Is negotiating here for
50. 900 900 or $4.000,0o0 in bonds for
railway construction. The Republic of
Guatemala has passed law providing
for the establishment Of national bank
of issue. for which foreign capital of
s5.00O.000 will be required and is nego-
tiating for an American loan of that
amount. The financial program OF the
Peruvian Government contemplates an
external loan to be secured by its GUS
toms revenues. The total authorization
is S50,000,000, all of which, however
would not he taken at once. II Is stated
that the proceeds OF the loan would be
used for railroad and highway construc-
tion, and IL is reported that a British
syndicate has made a proposal to take
that work over and complete it. financing
it's cost (some $4,000, ,000) through bonds
to he guaranteed by the Government
Dispatches from La PaZ state that the
Bolivian Senate has approved revised
law auth orizng the President to negotl-
ate a foreign loan OF $4,000, 900 in gold
Tho proceeds would be used for cancel
lation Of the balance OF the Bolivian in
ternal debt and tho construction OF a
railroad.
The New York herald., 1922-02-16
FEARS OF SCARCITY
JUMP WHEAT AGAIN
Decline in Liverpool Causes
Setback, but Fails to Stop
Chicago Advance.

CHICAGO, Feb. 15.-Grain prices climbed
again here to-day Notwithstanding tran
sient setbacks due to a decline in quota
tions at Liverpool. Estimates that
tended to confirm reports of worldwide
scarcity of wheat helped the fresh
ascent. The close was unsettled 1% to
23s net higher. with May at $1.41 to
S141k and July $1.23A to S1.23 "
Corn gained 1s4 to "a G2s cents. oats
to 1l.Q15s cents and provisions to
80 cents.
At first the dominating influence in
wheat was news of a drop in British
prices. General selling resulted, and
opinions were ventured in some quar-
ters that the recent advance on both
sides of the Atlantic had been overdone.
After the Liverpool market had closed.
however, numerous unfavorable crop ad-
vices began to attract more attention,
and enlarged demand for flour acted as
a further stimulus. The upward swing
that ensued was accompanied by de-
cided broadening In trading, with many
dealers attaching special significance to
an authoritative statement that pur-
ported to show little if any margin be-
tween wheat requirements of import
ing countries and the expected world
shipments this season. Talk of new ex-
port buying was also heard. and despite
heavy profit taking sales near the close
the market finished little under the top
prices reached, although May had
touched the highest point yet since the
present advances began.
Active speculative demand gave inde-
pendent strength at times to corn and
oats. Both cereals scored new high
tha
took the position that 10 cents bushel
advance for corn Of late was inadequate
after the corn market had been going
down for two years.
Provisions were governed chiefly by
grain.
The New York herald., 1922-02-16
PHILADELPHIA BOND
ISSUE Is AWARDED
City Accepts Par and Interest
Bid for S9,000,000 of
4 IA Per Cents.

At the Office of the Mayor Of Phila-
delphia bids We're opened yesterday for
$4,000 900 OF that city's 4h per cent.
bonds. due in 1852 but optional in 1912.
and il was discovered that only one
all-or-none bid was submitted. The
bid which received the award was par
and interest, subject to approval OF
counsel. rendered by DreXel Co.
Brown Brothers & Co. OF Phila-
delpha, the Guaranty Company OF
New York and the Union Trust Com
pany of Pittsburgh. Mayor Moore, in
making the award, stated that the
DreXel syndicate had withdrawn the
condition that their bid be subject to
approval of counsel.
Explanation of absence of competi-
tion for the issue was ascribed to the
limitation of a bid to the minimum of
100 and interest or a 4.25 per cent.
basis al the time that outstanding
Philadelphia issues are selling on a
4.30 per cent. basis. The new issue
will be marketed within the State OF
Pennsylvania.