davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-12-21
ActIon AntleIpated Here

Extension Of the rediseounting facili,,
4ies Of The reserve banks 70 six-months,
agricultural paper has been anticipated
Tor some time IN banking quarters mere
where the step has been regarded az
an Inevitable concession 70 the pres
sure Of the farming community ior
additional credit support IN the mar
ketinr Of crops. The privilege, II NOT
abused. is expected TO prove OF I'M
portant aid TO the financing Of agri-
culture, but the greatest emphasis 10
placed by bankers upon the necessity
/ for its conservative adminiStration
and application. =
Chief objection 70 the action has
been based upon the contention that
advances by the Federal Reserve banks
should properly be limited TO short
term paper in order TO assure and pro-
tect the degree of elasticity IN the
I banking system that will enable 1t to
meet emergency situations such as
arose during the war and post.armis-
tice era of imitation and later depres-
I sion.
The six-months' period Is regarded
I BY the banking community as the
longest for which sound banking prac-
tice would Justify the rediscounting
privilege, and the hope was expressed
last night that Legislation TO have that
term extended would fail.
New-York tribune., 1922-12-21
Flow of Extra and Stock
Dividends Continues
Mechanics & Metals National
Bank to Pay u 2 Per
Cent Snecial

Extra and special dividends an
nounced yesterday included an extrn
distribution OF 2 per cent declared BY
directors OF the Mechanics and Metals
National Bank, IN addition 90 the regu-
lar quarterly dividend Of 2 per cent.
This extra makes the total payment 70
stockholders from the past years earn
INCA "a per cent, compared with 70 per
cent IN 1921 and 20 per cent IN 1920.
The Lawyers Mortgage Company
which recently increased its capitaliza,,
tion from S6,O00,000 to s7,5O0,OOO ana
declared a stock dividend Of 20 per
cont. declared the usual quarterly divii-
dend Of 2lk per cent on the new capi-
talization. r..
directors Of the Moon Motor Car
Comnany declared an extra dividend OK
ioiL cents share on the common
stock, in addition 70 the regular guar
terly distribution OF 3T1S cents snsfv'
and s1.75 on the preferred Ihis "
ct the rate Of 50 year, compared WIN WIN
81. formerly paid. II was announced
that the company's January pIouugs.o,i
scbedule calls for 1000 cars, the larg-
est output for that month IN the COM
pany's histry. r,,. r,,
Stockholders OF the Equllaoie Atues
Company ratified the proposed increase
In the capital stock from Sl2,OOo'oVo 70
500 600 600 by issuing a stock DIVIDEND
~ $4,000. 900 and S4.000.000 new stock
for subscription at par. The stock
dividend IS payable December 80 70
stoekholders Of record December ~
snd the Offering is made TO stoekhold-
ers n record December 70. -,
etockboiders Of the Johns-Manvill9 ID
connanv approved the proposed In
sresse In the capital TO 100000 shares
~ NO par value from $4,000. The new
otoeL z 10 be distributed In the pro.
nor,jon rs,s Of eight new shares for one OF
ol5 and the balance Of $1,000 shares Is
20 he sold TO employees az Soo l.r : snaie' ~
.t.-a5 an e1trn dividend OF per cent,
81 addition 70 the regular quarterly
a;visond OF 2ii per cent, payable Jann-
err fs TO stockholders on December SV'
New-York tribune., 1922-12-21
Reserve Board
Extends Period
Of Farm Paper
Bankers Acceptanccs Of
Six Months Maturity,
Drawn by Producers,
Can Now Be Rediscounted
VIII Aid CO-operatives
Financiers Here Point Out
the Necessity of Con-
servative Application

WASHINGTON. Dec. 20. - Bankers
aeeeptanees Of six months maturity,
drawn BY growers OF staple agrieul-
tural products or cooperative market
Ing associations are eligible for pur-
chase or rediseount by the Federal Re
serve banks under a ruling promul-
gated to-day by the Federal Reserve
Board as q step in the direction OF
longer term credits for agriculture.
Officials declared the decision, which
makes the agricultural paper eligible
for rediseouns for six months instead
cf three, should be Of material as
sistance 70 cooperative marketing as
sociaticas in financing the orderly
marketing of crops"
The ruling requires that the accept
nnces be secured by warehouse receipts
covering tho products against which
The acceptanees arc drawn.
Six Months Is Limit
Officials explained that the six
months limitation was as far as the
board could 20 under existing law.
Various bills are pending In Congress,
however. 20 make acceptances with
much longer maturity eligible for re-
discount by the Reserve banks.
volved." said a statement issued By the
bosrd explaining its decision. III the
grover desires 20 do the borrowing
himself he can draw a draft on the
cooperative association at the time he
delivers his crop, the association ee-
cepting IL. lie then discounts the draft
at mis- local bank, which under the rul-
ing may rediscount IL at Federal nc
serve Bank as agricultural paper, Win
a maturity Up TO six months. II inc
association itself wishes to borrow 6l-
rectly from a bank in order TO mSke
payments to the growers. who are It's
members iIg notes are eligible lot re-
( discount, bat the board has held that
under existing law such notes are com
mcrcial notes, tho maturity OF whlen
must not exceed ninety days, because
Inc proceeds Of such notes are used
FOR the commercial purpose OF buying
the commodities from the growers.
"The board points out, however, tnat
there is o distinction between carry
ING productions for such purposes as
are reasonably necessary and mere
speculative Withholding from the mar
ket in the hope of obtaining hlghef
prices. Under the Federal reserve
act. paper drawn TO finance speeuie-
tion is ineligible for rediseount.
"Tbe reserve board also points out
that in determining whether or not an
association is engaged in orderly mar
ketinC, rather than speculative hola-
ing, K Is not improper TO take INTO
consideration the fact that each crop
must ordinarily support the market
until the next crop is harvested
New-York tribune., 1922-12-21
Days Dealings in Bonds
The Market

Reference 10 the record Of dealings
In listed securities yesterday throws
little light upon the strength develop
ing in a section Of the market In which
the bulk Of trading IL over the counter.
Advances ranging up 20 five and elk
points have returned the general price
level of the municipal bond group 10
the peak reached on the
movement that culminated last July.
Dealers report that q virtual scarcity
situation exists and believe that the
January reinvestment demand may
sustain the rise. The demand for tar
exempt securities made Itself felt In
tho market on the stock Exchange
chiefly in the inquiry for first Liberty
3hs, which were strong throughout.
Other Liberty bonds were also we'll
taken. Elsewhere the tone was Arm
and dealings fairly active.
New-York tribune., 1922-12-21
BRITISH-AMERICAN
TOBACCO COMPANY, LTD.
December 20, 1922.
Report n. Y. Central Seeks
More Michigan Central Stock

Tie New York Central. according
p reports IN the financial district
{ssierday, Is trying quietly 10 gather
The stock Of the Michigan Central
~ alteady owned by IL. Michigan
Nlfal has outstanding S1s.73S,000
.ati N shares Of 500 par, Of which
~ New York Central is known to
@A NsSls,3 800.
~ u believed that the ultimate pur-
- q the New York Central is 10
Ua'oatite this and other subsidiaries
va las parent company. As the In
stsiae Commerce Commissions tenta-
Ss plan keeps the principal New York
ssntfs lines in one system, 1t may be
ss u the first Of the projected new
esfgtrs 70 become q fact.
New-York tribune., 1922-12-21
Days NetC Issues

The Guaranty Company Equitable
Trust Company, Kisscl, kinnlcutt 4
Co. and Eldrcdgo & Co. are Offering
at 1916 and interest, 20 yield A1l per
cent. a new issue of S2O00000 Rich
mond. Va, "a per cent bonds due
January 4, 1851
The Union National Corporation b.
Offering three new issues as follow.
sos 600 City OF Rensselaer,. n. T., ~
per cent bonds, due l925'i3, 90 yield
Z per cent; 100000 City OF Cisco,
Tex. 6 Der cent bonds, due l9l3!G2, 20
WELD SOS per cent, and tl6o0gg
Booneville, n. Y, school district 40
per cent bonds, due l92s'ol, 20 yiela
4.35 per cent.
The New York United Hotels, me-
subsidiary Of the United Hotels Com
nanv Of America, will shortly come into
tho market for o loan OF s3bQQ,000, n
was announced yesterday, the pfqceeQs
10 apply 10 the construction OF the
Hotel Roosevelt.
Merrill, Lynch q Co. and Harris,
Abbott q Co. are Offering at par ana
Interest 5000. 900 Columbia Textile
Company twenty-ycar per cent hfst
mortgage sinking fund bonds.
New-York tribune., 1922-12-21
The Dollar in Foreign Exchange
continued IRON Preceding Page

PERU Cpsr tAss a pound) $50
checks ~, :, 90 - cent. az : I.ucr.j
ECuApOH va ffgo aiso z3so
-,g5fni.g gnfJgst tpsr is.6 cents a pssel ,sw
Sit iesests - '.......I7a0 i2.sb iO''
uRUouAY tDar 10, 10. q 4, g cent? s.sJ y''',7 ,7ss
Inrs,-r- nf.,ss5r- ssr. A (par if.3 cents bohyfrl
VkNhIis Vkt.N,isi.s b. i-'.''.....fs.2z 1914 lI.Ss
sSouiinal. -. a..
canaan. ~ cent premirm; Montrcal
1o9t,1is'' s,as. is New York. y per cent discount
New-York tribune., 1922-12-21

q
Canada IS col
ST - iet2
. .... %
Cv OF bergen
So iotJ
City Of Befne
S. 1915
New-York tribune., 1922-12-21
London Marke. Steady

LYNDON, Dec. 20. 80 Trading was
10y and prices were steady on the
e'eek Exchange to-day.
par gold was quoted az s9s "a;
Macy was loaned at IN per cent.
sseoant rates we're: Short and three
srsIh bills, pa Q2h per cent.
~ rttOn.ois for money we're quoted az
80, British per cent loan at 9eSs
~ y, British ~ per cent loan AZ 94%.
Nloslng stock nnnfafinns .Here;
New-York tribune., 1922-12-21
Paris Market Easy

hRlS, Dec. 20. - Prices we're easy
TIE Bourse to-day. Three per cent
Nn.es, 50 francs IS eentimes. Exchange
= London, 62 francs is eentimes. Five
~ cent loan. 76 francs 35 centimes'
..s. .ss dollar was quoted at 10 francs 4f1s
New-York tribune., 1922-12-21
Ci,ies servicc Net Calns

The report Of the Cities Service
Company for The twelve months enoee
November. showed nct earnlnrs "
Si4,f25,234, compared with tl4lkS'asi
last year. Earnings after interest eng
preferred dividends were equiyaicnt ~
si4.83 on common. November net "at
sfi45.6 .663, compared with $l,0I4boI ~
October.
New-York tribune., 1922-12-21

To figure the precise yield on bond y
approTiFnats yield can roughly be ngureo
out BY the following formula DIVIDE tne
closing quotation on a bond into the fate
OF the annual return. III the bond u teilihs
belov par you must allow also for the
appreciation OF the principal To DO this
subtract the market quotations from PAT
or 100 and divide the remainder ~ the
nurnber Of years the bond has 20 run be-
Tor. I'M naturity. For example. n per cent
bond 10 selling At % and has ten years 20
run the 7nnuai return will Be t-ee per
cent The differences between per and the
market price will be 10 points, subtraetinS
30 from 100. Dividing 10 points " ten
years. the quotient will be l. This ngure
l. 20 be addsd 70 s6t. which II the annual
rsturn. and ths result. 7.es per cent, will
give you the approximate yield.
New-York tribune., 1922-12-21
lofafinna .Weret
London Metal Market

A.. LYNDON, Dee. 2.-Standard copper,
t,.is,so4 49, - Is Cd; futures. f55 5s; Elee-
f,,Vue, spot, e7i bs; futures, e7i l5s;
~ POT, fi79 % Sd; futures, $3.50 l2s
~. eac, spot, f26 5s; futures, f25;
speb CS1 6s; futures, f34 2s Cd.
New-York tribune., 1922-12-21
Bid and Asked

Following are tne closing bid ard
asked quotations Of stocks listed on
the Stock Exchange In which there
-,rre no transactions Yesterday!
The Wrangell sentinel., 1922-12-14
Fox P0aCher Is
 Arrested at Sitka

Information was received by wire this week of the arrest of L. B. Me Coy at Sitka on the charge of poach- ing. A couple of weeks ago, c. E. Zimmerman of Petersburg, who has leased Brothers Island as fox farm, found seven box traps on the island. Two live blue foxes were caught in the traps. A boat owned by Mccoy was anchored near the traps. Al though suspicion pointed to Mccoy as the violator of the jaw for the pro lection of the fur farmers, lack of ev- idence prevented his arrest.
 At the time Zimmerman reported to the officials he also reported to the Southeastern Alaska Fox Farmers Association and the president at once prepared wires giving the name of the boat and other data which was wired to the director of the associa- tion in each of the towns with in structions to quietly pass the word around and watch for the boat. At ing the man had been under suspicion there for some time and was being watched. This gave the officers the cue as to the identity of the man, which conformed with the customs records, and the officers at once got busy se curing evidence with the result that Mccoy will have to face the charges against him.
 Mccoy was to have been brought to Petersburg for preliminary hearing but after his arrest, two old traps and four new ones, of the same construc- tion as those found on Brothers Is land, were found on his boat. He was arraigned at Sitka on a charge of poaching by other parties and is now in jail at that place. It is claimed by the fox men of Sitka that Mccoy stocked his island with three fe- males and one male fox a year ago and that he now has 2S pair of foxes )n his ranch.
 The quick action secured on this ,complaint was entirely due to the ready cooperation of the Federal of ficials with the newly created South eastern Alaska Blue Fox Farmers have been working on the case.- Petersburg Report.
The Wrangell sentinel., 1922-12-14
GERMS

A million microbes may be found on the point of a pin.
 The germ theory of disease holds there is a specific germ for each deti- mite disease.
 Microbes are never found on gold coin; paper money is an ideal harbor- ing place for them.
 Webster defines bacterium: Micro scopic organism of various forms and shapes; disease germ.
 Bacteria are minute vegetable organ isms, many species of which are harm less; others are harmful to man, but all are of more or less value in the economy of nature.
 The average number of bacteria in a teaspoonful of milk, kept under the most sanitary conditions, Is 6,0O0,0O0. Some of them are probably doing use full work. but the others are decidedly pernicious.
 The germ theory of disease implies that these living organisms are com municated from an infected person. principally by food, drink or air, grow and multiply in the body with which they have come in contact and produce the disease of which they are charac' teriStic.
The Wrangell sentinel., 1922-12-14
Wigg-Starr

On Monday of last week Louis Frederick Wigg of Wrangell and Miss Susie Starr of Ketchikan were quiet ly married in the presence of few intimate friends at St. Johns rectory in Ketchikan. Dr. R. c Jenkins per- formed the ceremony. The newly mar ried couple came to Wrangell imme- diately after the ceremony and since their arrival here have been busy receiving congratulations. They ex- pect to reside in Wrangell perma- nent-ly.
The Wrangell sentinel., 1922-12-14

Found-An old fashioned brooch. Owner may recover by paying for this advertisement.
 Charley Nagin, who was in Daw- son recently from Sulphur creek for a short visit, reports about twenty men will be working on various parts of the creek this winter. Sul- phur remains one of the best placer streams in the klondike camp, but much of it has been held for a long time awaiting operation by large mining methods. Some of the own CTS, however, are anxions to get out ready money, and are tackling the gravels this winter by the old method
The Wrangell sentinel., 1922-12-14

In the United States Commissioner s Court, Wrangell Precinct, First Division of Alaska, In Probate. In the matter of the Estate of c. M Coulter, deceased.
 Notice to Creditors
 Notice is. hereby given, that the undersigned, was by the U. s. Com missioner and Ex-Officio Probate Judge for the Wrangell precinct, First Division of Alaska, on the 4th day of December, 1922, duly and reg ularly appointed General Administra- trix of the above named estate. All persons are hereby notified to present their claims, if any they have. against said estate to me at my office inWran- gell, Alaska, within six (6) months from the date hereof.
 Dated at Wrangell, Alaska, this 4th day of December, 1922.
 IRENE J. COULTER,
 Administratrix.
The Wrangell sentinel., 1922-12-14
WHAT EVERY BOY KNOWS

WHAT EVERY BOY KNOWS How to be interesting.
 How to settle any argument. How to get fruit for nothing. How to dress in two minutes How to create a laugh in company. How to keep bath tub immaculate. How to improve on the dictaphone. How to save money on street-car How to dispel the tedium of house, hold.
 How to polish a banister most eff ciently.
 How to get full benefit out of a va cant lot.
 How to get along without a step I ladder.
 How to keep pillows from getting lumpy.
 How to fall asleep without an opiate.
 How to beat the daylight-saving system.
 How to escape boredom during sermon.
 How to make a favorable impression on a dog.
 How to get around the one-piece bathing suit ordinance. How to get more than the market price for a catch of fish.-Life.
The Wrangell sentinel., 1922-12-14
All Hope Given Up for Halibut
 Boat Morengen
(Petersburg Report)


 Practically all hope for the safety of the halibut boat Morengen of Pe- tersburg and her crew of five men has been lost as the boat still remains un- reported and the revenue cutter Smith which is out searching for her has been unable to find any trace. It is now thought by local halibut fisher men familiar with conditions on the Yakutat banks that she either foun- dered at sea or else drove ashore in the breakers at Dry Bay and was bat tered to pieces in the huge rollers.
 The Morengen was known to be weak in several of her structural points, especially the pilot house, and Captain Walderhaug had previously made the statement that he would never fish on the Yakutat banks in the fall again until the boat was fixed. The supposition is that the huge sea swept the pilot house off the boat and she filled and sank.
 The Morengen and Caroline were fishing within short distance of each other on the morning of Novem- Der 5th when the storm came up.The Caroline at once made for Yakutat and reached safety but the Morengen held over to the last and has not been reported since.
 Several conflicting reports have been received. She is reported to have bought oil at Yakutat on the morning of November 5th, but the entire crew Of the Liberty, which lay in Yakutat from the 1st to the 7th of November swear that she was not in during that time
 The men on the seven other halibut boats which rode out the storm in Yakutat Bay all say that the Moren- gen was positively not in during that time.
 The Admiral Watson stopped at Yakutat westbound this trip and made inquiries along the way for not only the Morengen but for the other boats which have been missing since the storm, but without finding any trace of any of them.
 Among the boats reporetd missing are the Washington, Relief, Johana Forward, Pelican, and the Morengen These Boats were all out in the storm and have not ben reported since They carried total of 26 men all of whom are thought to have perished
 The loss of these boats brings sharply to the front the need of sta tioning a revenue cutter on the fish ing banks during the fall and winter months. Such boat could signal storm warnings and give general aid to boats in distress and at once start a search for missing boats. Had such a cutter been stationed on the banks storm warnings could have been wirelessed to her from the shore sta tions and she could have ordered alL the fishing boats to safety before the storm struck.
The Wrangell sentinel., 1922-12-14
"COLD IN THE HEAD"

is an acute attack of Nasal Catarrh. Those subject to frequent "colds' are generally in run down. condition.
 HALLS CATARRH MEDICINE Is Treatment consisting of an Ointment. to be used locally, and Tonic. which acts Quickly through the Blood on the Mu- cous Surfaces. building up the System, and making you less liable to colds"
 Sold by druggists for over 40 Years.
 F. J. Cheney & Co.,, Toledo, O.
The Wrangell sentinel., 1922-12-14
VAGARIES OF HUMAN LIFE

More me0 than women are color blind.
 Four per cent of children are left. handed at birth.
 Only one man in POO Is more than six feet in height.
 Medical science is unable to explain the cause of warts.
 One side of a persons face Is better looking than the other, and experts agree there Is no exception to this rule.
The Wrangell sentinel., 1922-12-14
FARM JOURNAL SAYS

We don't care how much man says if he only says 1t in few words.
 Evil cannot be fought once and done with. It must be faced and conquered day by day.
 It costs less to keep a. coal fire over night than to leave 1t go out. Sallie Ann Wins says so.
 Girls, mstrust a man who will not take the last hot cake, but prefers to wait for the next batch
 At this season of the year, out of respect for their age df not at all seasons, in order to do them justice), potatoes should be baked.
 Just think what would happen If. when you needed doctor. you had to wait as long for him as he sometimes has to wait for his money.
 Peter-"You didn't have very good time at your birthday party yester- day" Paul--"I did sop You did3 Then why ain't you sickY'
 One of the saddest and most veXa tious trials that come to girl when she marries, is that she has to dis charge her mother and depend upon a servant girl.
 Uncle Levi Zink says that to the American boy there is an awful, a majestic difference. in weight between the butt end of fshpole and hoe handle.
The Wrangell sentinel., 1922-12-14

Dr. s. Hall Young, general mis- sionary for the Presbyterian church in Alaska, has been in Wrangell since last Saturday.
The Wrangell sentinel., 1922-12-14

William L. Paul, secretary of the Alaska Native Brotherhood is in town oday.
The Wrangell sentinel., 1922-12-14
St. Philip s Church

Sunday, December IT 11:30 A. M. Church School.
 Evening service : go p. m. Theme: Every Advantage"
 Remember the midnight service Christmas Eve 11:S0 P. NJ. Special service Unveiling of the new pulpit, and Holy Communion.
The Wrangell sentinel., 1922-12-14

It costs less to keep A. coal fire over night than to leave 1t go out. Sallie Ann Wins says so.
The Wrangell sentinel., 1922-12-14

We don't care how much a man says if he only says 1t in few words.
The Wrangell sentinel., 1922-12-14

Evil cannot be fought once and done with. It must be faced and conquered day by day.
The Wrangell sentinel., 1922-12-14

Girls, mistrust man who will not take the last hot cake, but prefers to wait for the next batch
The Wrangell sentinel., 1922-12-14

At this season of the year, out of respect for their age Qf not at all seasons, in order to do them justice), potatoes should be baked
The Wrangell sentinel., 1922-12-14

Microbes are never found on gold coin; paper money Is an ideal harbor- ing place for them.