davidaulloa/AmericanStories huggingface dataset:
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1922-01-17
Scouts Observe
Anniversary
Next Month

FEBRUARY is Anniversary
Month for the National Boy
Scout movement. During the
second week Scouts throughout
the country will be celebrating
the twelfth birthday of the or
o. ganization. A boy must be
IL years old before he can be
a Scout; now Scouting is IL
years old! During that time over
a million and a half of Ameri-
can boys have been members of
the Boy Scouts, and have taken
that sacred oath: "On my honor
/ will do my best to do my duty
to God and my Country, and
to obey the Scout law: To help
other people at all times: To
keep myself physically strong,
mentally awake, and morally
straight"
The movement has grown to
be not only the biggest boys
club in the world today, but
the biggest organizst ton oDboys.
outside of the Crusades. that the
world has ever seen! The Cru
sades destroyed boyhood' by the
thousands in the fruitless efforts
to capture the holy sepuichre at
Jerusalem: the Scout movement
has developed 'boyhood and built
1t into manhood by the hundreds
OF thousands. On January there
were upwards of 10000 Scouts
in active membership in the
United States. with over 10000
Scoutmasters, assistants and
troop committeeman, a total
army of $4,000. working for
character development and Cit
izenship training.
Washington will seek fitting,y
to celebrate this twelfth BIRTH
day. Individual troops are ar
ranging to attend special Scout
services in the churches on Sun
day, February 5. or February
IL. On Friday evening, February
l6. at Sis every Scout. wher-
ever he is. will stand at atter-
ton and renew his oath and
laws. Special divisional meetings
for the week will be arranged.
A total of 1900 boys have
been members of the Washing
ton Scouts during the past year.
There are ut present lis troops
under the local council, manned
by Scoutmasters ard assistants,
who are giving volunteer serv-
ice for the boyhood of our city.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1922-01-17
New Scoutmaster.

Troop liz, Burtonsville. Md, has
registered. with ten scouts and
a new scoutmaster. Mr.. II. Jack
Parrish. Mr.. W. Biggs Elliott is
chairman of the troop commit
tee.
Troop 20. Mr.. Paul Robin,
scoutmaster. held an election of
troop officers last Saturday even
ing. Scout Harry Katz was
elected scribe. and Irving Sha-
piro. Bertram Segaloff and Abra-
ham Ferman patrol leaders. The
new assistant patro! leaders are
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1922-01-17
AmonE the Troops.

Fifteen members of Troop a.
accompanied by Assistant Scout
master Leroy Hutchinson, hiked
to the, WILSON, Reservation, Burnt
Mills, last Saturday. The fifteen
Scouts passed "a total of forty
three second class tests. includ-
ing tracking. scout pace. use
OF knife and Ratchet. fire max
ing, cooking and compass.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1922-01-17
Juniors Play.

Unbeaten Junior teams OF the Dis
trict and Alexandria are scheduled
to meet here tonight when the Vir-
ginia orioles will try to check the
winning streak of the Epiphany Ju-
niors. They will meet in Epiphany
gym at Z p. m.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1922-01-17
Pasteurixed Milk.

II do hope that you keep your
cows in a pasture" said Mrs.
Newlywed, as she paid the milk
man.
"Yes'm," replied the milkman,
of course, We keeps them in a
pasture"
I'm so glad" gushed Mrs.
Newlywed. Il have been told
that pasteurized milk is much
the best"
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1922-01-17

representatives viii play the Tech
High reserves. ST fnul's players
were scheduled 10 play the Gamma
Sigma tea mlskt night but the
fraternity cancelled the dste.ts'
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1922-01-17
Argument.

Pat" warned the contractor.
to-day you become a new en-
ploye OF this corporation and ]
want to tell you that all such
employees must work quickly and
quietly.
"Yis..sor."
And when L give an order /
want It obeyed on. the instant"
q "Yis. sor."
And, furthermore, will
brock no arguments and no back
talk" q
Well. don't We start II, Them,
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1922-01-17
NE WINNERS FOR FOURTEENTH CON-
st. PouI's in Action.

Thursday night In the ST. Paul
Church gym, si7 Twenty-third
street northwest. the ST. Pau: flour
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1922-01-17
New Star scout,

Jack Hallam. Maurice Rosen and
Mannel Klawans.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1922-01-17
HOW HILLTOPPERS
AND G. w. LINE UP

Here h the probable Iise-sp,
Of the District collegiate basket
hall clash at the CoIiseua to-
night between GeorEetowa and
George Washington
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1922-01-17
Manhattans VS.. st. Paul.

The Manhattan five is scheduled
to meet the st. Paul NJ. Z. quint in
Peck Chapel. Twenty-eighth and NJ
streets northwest, tonight.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1922-01-17
Who Can Nop TJIde,f

or the foreign players. Anderson.
PATTERSON and Michael AIonzo (the
latter SPANS best entry, should be
rated at the top. But IL TiIden is to
lose, Richards or Johnston should
be the next king,
The New York herald., 1922-12-22
notes and the issuance Of new series Of
Treasury certificates and Treasury

notes and the issuance Of now series Of
Treasury certificates and Treasury
notes.
Member bank borrowings from the
reserve banks show reduction OF
$4,000, 900 for tho week. Of which
$40. 900. 900 represents a decline in paper
secured by Government obligations and
$14,300.000 a reduction In other dis
counts. Acceptance holdings declined
by $10.800o0o. Az a consequence Of
the large scale Treasury operations re-
serve bank holdings Of Treasury certifi-
Gates other than Pittman certificates
show an increase OF $123.60o,000. Of
which $57,600.ooo represent special GER
tihcates issued to cover advances to
the Government pending collection OF in
come tax checks and other funds from
depositary institutions.
Gold reserves show increases as fol-
lows: $15,eoo.0oo for the New York
bank. s4.soo.ooo for tho Cleveland bank.
s4,40o.ooo for the Minneapolis bank and
$3.000.000 for the Dallas bank.
Reductions In gold reserves are shown
for the remaining eight banks. Tho
largest reduction Is $9,300,000 as re-
ported by the Kansas City bank. The
Chicago bank reports a decrease Of
100000 while Boston and st. Louis
each report decrease Of $7,500.000
Holdings OF paper secured by Govern
mont obligations decreased from $344.-
100000 to S314.soo.0 5000 OF the total
held last Wednesday $202. 400, 900. or
S4.2 per cent. were secured by United
States bonds, $1,000, 900. or 6 per cent.
by Victory notes. sss,soo. 900. or sl.4
per cent. by Treasury notes and $12.-
100000. or 3.S per cent. by Treasury
certificates.
The New York herald., 1922-12-22
SOUTHERN PACIFIC NET
HIGHER FOR NOVEMBER
EleUen Months' Income Also
ShosUs Increase.

The report Of tho Southern Pacific for
November was made public yesterday.
1t showed increases In both gross and
net as compared with last year. Elk
penditures for equipment increased
$614, ,706. due to the efforts OF the road to
bring It's rolling stock and power units
to a higher grade Of efficiency. but sew
eral other cost items were cut from last
years level. All revenue items showed
gains over 1921. Net railway operating
income for Southern Pacific in Novem-
Der was A.91s. $50. an increase Of $2,Z7.6 .61
over 1891. Gross revenues were "a, ,0e9, ,33l.
an advance of $2l60.SN while expenses
for the month showed Q gain OF but
10000 over last year. standing at
~. s.s77.
For the eleven months ended Novem-
Der 90 last Southern Pacific reported
gross revenues Of PISS, ,oo2. .bN, q decline Of
so. 1S9. .7SS from the same period Of last
year. This decline is explained In part
by the Reduction In freight rates on July
81 last. The expenses for the eleven
months amounted to $l75. .61s. .b3. q reduc-
ton of 6.s9e .%51 from last year. Net
railway operating income from January
to November 30 last amounted to
"a. .5A.o7. an Increase Of $s.oS6.03l over
1927
The New York herald., 1922-12-22
MEX PETE AT PEAK
PRICE;;,UP GA POINTS
Common Stock Sells at 1922 a
Share; Highest Level in
Its Career.

On total turnover Of 2,100 shares the
Company advanced 64 points yester-
day to 1922 share. the highest price
at which 1t has sold in its volatile
career on the New York Stock Ex-
change. The move was accompanied by
reports that heavy short interest in
the stock was being driven to cover
The closing price was 300.
Exactly what naneuvers the Stock
Exchange authorities may have gone
through by way Of investigation were
not announced. but the information
finally trickled out senni- ni-offically that
the exchange officials were not
alarmed over the rise IN the stock be-
cause the buying was being done by
Mexican Petroleum's parent company,
Pan American Petroleum and Trans
port. in an effort to obtain the re-
mafnder OF the outstanding stock.
This report met with denial by e. L.
Doheny. chairman Of the boards Of the
two companies. who said that neither
Pan American Petroleum and Trans
port Company. nor any Of the officials
or bankers identified with the company
were buying Mexican Petroleum stock
He also extended the denial to include
speculation.
Mex Pete's rise was not shared by
Pan American B stock, which recently
was offered In exchange for Mexican
Petroleum common in the ratio Of two
and one-half for one. Although the time
for making the exchange had expired,
Mr.. Doheny said that within the last
few weeks the outstanding stock of
Mexican Petroleum common had been
further reduced by 10000 shares. most
OF which were sent in for exchange in
blocks with some plausible excuse for
the failure to mako the deposit within
the allotted time.
Mr.. Doheny said the floating supply
OF Mex Pete common was about $4,000
shares at present and that the remain
der of the $1,000 total shares were In
the treasury Of the Pan American COM
pany
Announcement also was made that the
Pan American interests have purchased
100 acres of land in the Smackover oil
fields, on which q tank farm will be
established. Two tanks have been
bought and are being rebuilt. and con-
tracts will be let at an early date for
the erection Of twenty more. Drilling
soon will, be under way on 100 acres
of oil land in the same field recently
bought by the company.
The New York herald., 1922-12-22
PHILADELPHIA BANKS
IN 3IO,OOO,OOO MERGER
Joins Bank Of North America
and Commercial Trust Co.

PHILADELPHIA, Dec. 2i.--A $4,000, 900
bank merger was announced to-day when
the directors Of the Bank Of North
America and of the Commercial Trust
Company. meeting separately. approved
a plan to consolidate under the name OF
the Bank Of North America and Trust
Company. The capital and surplus OF
the merged banks will be S10.000.o00.
The Bank of North America Is tho
oldest In the country, having been
founded In 1881 by Robert Morris as
one of the results Of financing Of the
American revolution. BY act of Com
Eress 1t Is said TO be the only national
bank In the United States operating
without the word National" In Its title.
The new Institution will operate under
the charter OF the trust company. John
II. Mason. president Of the trust COM
pany. will become chairman OF the board
and Z. Pusey Passmore, president of the
national bank and former governor of
the Philadelphia Federal Reserve Bank.
will be president.
The New York herald., 1922-12-22
FLEISCHMANN STOCKsIS
OFFERED TO EMPLOYEES
Purchase to Be Made on Par.
tial Payment Plan.

A limited number OF shares Of tho no
par value common stock OF tho F1eisch-
mann Company. ell Of which heretofore
have been owned by members Of the
Fleischmann family. is being offered by
certain members of that family to en-
pToyees Of the company and its sub
salaries at s25 a share in recognition
Of their loyalty. Tho stock Is on 81
a share dividend basis.
Arrangements have been made to en-
able employees to purchase stock on
the partial payment plan by paying an
Initial minimum sum Of 1926 . share
and the balance Of the purchase price
In monthly payments OF 50 cents a
share. Employees who purchase stock
must agree not to dispose OF II within
one year except to members OF tho
Fleischmann family. In the near future
there viii be a public Offering OF
F1eischmann stock at q price SUBJ
stantially higher than that at which
employees are able to obtain II.
The New York herald., 1922-12-22
PRAIRIE OIL PRESIDENT
BEFORE SENATE BODY
Tells Of Big Cash DiUidsnds
and Recent Melon.

wAsHINoroN, Dec sl--The Prairie
OIL and Gas Company paid cash divi-
dsnds totaling isa per cent or Sa4.beo.-
900 in the last eleven years. James e.
O'Neili. its president. testified to-day at
the Senate Manufacturers Committee in
quiry into prices and conditions In the
oil industry.
The outstanding capital stock OF tho
company. which produces. purchases
and markets crude oil in Kansas. Texas,
Arkansas and Oklahoma. was $4,000
ooQ, Mr.. O'Neiii said. The company last
week voted to increase It's capitalization
to $50. 900. 900. he added.
The stock increase. no said, was solely
to capitalize greatly increased assets Of
the company since 1910. He said no
cash nor property was received for tho
additional stock.
Since 1911. he said. the corporation
has paid approximately s2s.ooo.ooo In
taxes.
The New York herald., 1922-12-22
ROYAL BANK OF CANADA.
Profits Equal 20 1910 Per Cent. OF
Capital in Year.

The annual statement Of the Roya.
Bank Of Canada for the fiscal year
ended November so last discloses that
the banks deposits now total s372.ooa.-
ssf, Of which s277.5s5.sss bear inter
est. The bank was able TO fully main
tain It's strong liquid position. the per-
centage of cash on hand and in bank
to liabilities to the public being 2s.2
per cent.
or the banks total assets OF s47s.-
as2.3ss liquid assets are S216,o4s.3sl,
being 1887 per cent. Of liabilities to the
public. OF this amount cash on hand
and Dominion notes total sea,e36.e20.
Total profits for the year amounted TO
ss.sss,lss. which equals 1910 per cent.
on the capital.
The New York herald., 1922-12-22

per cent. cash dividend basis instead
OF the per cent. heretofore prevailing.
The Nstional Fuel Gas Company de-
clared q 100 per cent. stock dividend, In
creasing the authorized and outstanding
stock to ea7.0oo.0 900. payable December
80 to stock OF record December Is. The
company also declared the regular quar-
terly dividend OF $3.50 share on the
stock issued prior TO the stock dividend.
payable January Is to stock ot-record
December Is.
The increase In the authorised pre-
ferred stock OF the Schultz Retail Stores
Corporation to $4,000. 900 6rom %. 900
ts for the purpose Of having the stock
available to be issued when business re-
Quires II.
Tho Singer Manufacturing Company
declared . quarterly dividend Of Si.76
payable December 80 to stock Of record
December I5. Tho previous rate was
$l.25 share. The payment OF 50 1-3
per cent. stock dividend has been post
poned indefinitely.
Special 10 Per Cent. Dividend.
The National Licorice Company de-
clared a special dividend OF 10 per cent
on the common stock payable January 8
to stock Of record December 21
The Prairie Pipe Line Company de-
ciared quarterly dividend OF 80 pay
able January 81 to stock OF record De-
cember 81. payable on all stock. tnclud-
ing that to be distributed as q stock
dividend. This II equivalent to So on
the old capitalization. former dividends
being SO quarterly and extra quarterly
disbursements OF 50. At q special meet
Ing stockholders iratified the capital
stock increase of 200 per cent. to be dis
tributed to stock Of record December ~.
Fairbanks. Morse & Co. declared an
extra dividend OF 75 cents and the
regular Of IS cents on the common
stock. payable December 80 to stock of
record December 20.
The Victor Talking Machine Com
pany declared dividends of $1.75 a share
on the preferred and So on the COM
mon stock. both payable January Is to
stock Of December 80. the first regular
payment on the enlarged stock-capitali-
cation although an extra Of IS a share
was declared December !.
The Crane-Simpiex Company declared
an initial quarterly dividend of TX per
cent. on the preferred payable January
8 to stock Of record December 81.
The Continental Insurance Company
declared semi-annual dividend OF IL
per cent. SO q share. payable January
10 to stock Of record December 80.
The New York herald., 1922-12-22
MERCANTILE MARINE
DIVIDEND DECLARED
Disbursement to Be Made on
Preferred Reduces Annual
Rate to 8 p. @. Basis.
MORE EXTRAS BY BANKS
Additional Melons Served
for Cutting - Initial by
Crane-Simplex Co.
MORE EXTRAS BY BANKS

Directors OF the International Mer-
camille Marine Company declared yes
terday a dividend OF III per cent. on It's
s per cent. cumulative preferred stock.
payable February to stockholders OF
record January Is next. This declara-
tion In place Of the usual semi-annual
dividend OF 8 per cent. reduces the rate
to per cent. from tho per cent rate.
which has been maintained since 1917.
p. A. S. Franklin. president OF the
company, said the directors after con-
sideration of the condition and affairs
Of the company had decided to pay the
11s per cent. dividend from accumulated
surplus.
He added that the estimated combined
earnings OF the company and It's sub
salaries for the year 1922 show that
bond interest and taxes have been fully
earned, and that a very substantial
share of the depreciation for the year
also has been earned but the estimate
shows no surplus from such earnings
for dividends.
Other instances we're recorded yester.
day. where extra dividends had been
declared or arrangements completed for
the declaration Of more stock dividends.
Trust Company Declarations.
The Columbia Trust Company de-
clared an extra dividend of per cent.
in addition to the regular quarterly
dividend Of per cent. payable Decem-
Der 30 to stock of record December 81.
The Mercantile Trust and Savings
Bank OF Chicago declared an extra 2
per cent. dividend In addition to the
regular per cent. quarterly disburse-
ment. and the Union Trust OF Chicago
an extra 2 per cent. In addition to the
regular 8 per cent. quarterly dividend.
The OIL City Trust Company declared
q Christmas dividend Of per cent,
payable December 2S. and also voted
months salary to employees as
present.
The Fulton Trust Company declared
an extra dividend Of 2 per cent. and the
regular s per cent. semi-annuai dividend:
payable January to stock Of record
December 2e.
The National Shawmut Bank Of Bos-
ton declared a quarterly dividend OF 3
per cent. against previous quarterly pay
ments OF an per cent
Additional stock dividends included Q
decision by directors Of the Sanford
Mills to ask stockholders at meeting
on December 27 to ratify the increase In
common stock from $2,5o0.o00 to $7.50o.-
900, the new stock to be distributed as
200 per cent. stock dividend.
The Scranton Gas and Water Com.
pany declared a stock dividend Of 100
per cent. on It's $4.0oo.0oo capital stock.
payable Immediately to stock of record
December 20.
The New York herald., 1922-12-22
$4,000, 900 CAN STOCK SOLD.
Continental Per Cent. Preferred
Issue Recently Authorized.

The additional s2.ooo.ooo per cent.
cumulative preferred stock of the Con-
tnental Can Company. Inc. recently
authorised by the board OF directors has
been placed with private investors BY
Lehman Bros. and Goldman. Sachs q
Go. at q substantial premium. This
places the entire amount OF .unsoId
treasury stock Of the corporation In the
hands Of investors.
The Continental Can Company will
close the current calendar year with
earnings Of about 50 a share on i.s no
par value capital stock that will be out
standing after the new shares OF COM
mon stock have been issued IN exchange
for the present 800 par value stock.
The New York herald., 1922-12-22
STOCK EXCHANGE SEATS.

The New York Stock Exchange men,
bership OF Clarence III. Hsnsei has been
posted for transfer to La Motto T.
Cohu for $4,000; that Of Benjamin Fisher
TO Thomas NJ Howell for s91 200, and
that OF w. Hayward Drayton ID to
Worthington Davis for nominal con-
slderation. The last previous sale was
for $4,000
The New York herald., 1922-12-22
CHANGES IN PARTNERSHIP.
Two Members Will withdraw
rrom Spencer Trask Firm.

Charles J. Peabody will withdraw from
the firm Of Messrs Spencer Trask & Co.
on January after an active partnership
Of thirty-five years. He will devote
himself TO many and varied interests,
but win continue to make his office with
the firm and remain Intimately asso-
ciated with IT,
Erastus w. Buliley also will with
draw from ths firm on January 1 be-
cause OF illnesa G. Everett Bacon and
+. Malbone Biodgst. the incoming part
ners, have for some years been conf
Dental members Of the organisation.
The New York herald., 1922-12-22
MOON MOTOR EARNINGS.

Net earnings Of Moon Motor for the
nine months ended September 80 last
aggregated $552.126. which after pre-
ferred dividends approximated $3.50 q
share for the common stock. The last
quarters earnings. are about equal to
those OF the third period. 80 that the
full years results will be around IS q
share.
The New York herald., 1922-12-22
SUGAR PROFITS AFTEn LOSS.

The New Niquero Sugar Company for
the year ending July 81 last reports net
profits OF SSif. .3ss after expenses and
taxes. equal to t4o.1 share on the COM
bined Si,50o,ooo outstanding preferred
and common stocks. compared with a
net loss OF s742.7s2 in the preceding year.
The company's gross revenues for the
year were 1.753.l2o. compared with
ii.sio.ss1 in the preceding fiscal year.
The New York herald., 1922-12-22
FEDERAL RESERVE
BANK STATEMENT
Reserve Ratio Shows Decline
From 1871 to 1878 P. @.
Circulation Up.
Special Dispatoh 20 THE NEW YoRk HmALp.
V~va RvVpa

Special Dispatch 70 THE NEW YoRK HmALp.
New York Herald Bureau
Washington. d. c., Dec. Fl.
Aggregate increase Of $77.560.000 in
Federal Reserve note circulation and a
reduction Of s2s.2oo.ooo IN reserves are
shown in the Federal Reserve Boards
weekly bank statement. Besides increas-
ing their note circulation tho reserve
banks paid out 315.300.00 OF gold and
312.s00.000 Of other reserve cash to
meet the customary currency require
ments Of the holiday trade. Deposits
show an increase Of $2o.So0.oo0 for the
week and the reserve ratio declined
from 75.1 to 1878 per cont.
The week saw largo volume OF Gov
ernment operations. including the collec-
tion Of the last instalment of income and
profits taxes. the redemption Of large
amounts Of Victory notes and Treas
ury certificates, the payment OF interest
on the first Liberty bonds and Victory
COMPARATIVE STATEMENT OF CONDI
The New York herald., 1922-12-22
increases Annual rate.

Directors of the Pacific Gas and Elec.
trio Company declared a regular quar-
terly dividend Of $3.50 a share on the
common stock. payable January Is to
stock Of record December 80. and an ad-
ditionai dividend Of 81 a share. payable
in common stock at par to stockholders
of record December 80 and issuable on
the approval of the Railroad Commits
Sion. This action puts the common on a
The New York herald., 1922-12-22
EXPORTS FROM NEW youu

Exports from New York yesterday: Wheat.
a35.Ois bushels; oats. 2p.Ss bushels. barley,
600 pounds flour. 10000 sacks; corn
1881 bushels: rye, 5000 bushels; bacons
10000 pounds: hams, 5000 pounds: fubricat-
Ing oil, 3p6,7b0 gallons; oatmeal, 800 sacks.
oiicake, p,4fT, 800 pounds.