davidaulloa/AmericanStories huggingface dataset:
The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1922-03-22

KY. where he has accepted n
position.
| Miss Virginia Baker spent
last weekend at Rose Hill with
relatives and friends.
w. H. Wren spent several
days in Chilhowie last week
with his wife and two children
who are visiting Mrs. Wren's
parents.
FOR SALE OR RENT One
five room concrete residence in
plat one Apply to F.. j. Morris.
adv 1912.
/ Il. +. Hall, of Lynch, spent
the week end in tho Gap with
his wife and small son at the
home of his wife's parents, Mr.
and Mrs j. l. Mccormick.
FOR SALE q lots on Poplar
Hill $4,000 See w. q. Coutts
adv
Joe NJ Baker, with headquar-
tiers in Washington. in spending
a few days in town this week
with his family.
Mrs Thurston Stone and ba-
by have been spending several
days in Bristol with relatives.
Mr.. and Mrs. w. s. Beverly
are i'll at their home in the Gap
with the flu.
FORSAiE -FIyc room bousa
with bath near entrance to ball
park Apply to r. A. Greever.
-adv.tf.
Mrs b. j Prescott entertain
ed the Friday afternoon bridge
club Friday during which she
announced the engagement aud
approaching marriage of her
daughter, Ruth, To Mr.. Sam
McCluen, of Norton.
Mr. aud Mrs. B. f. Warner,
of the Monte Vista Hotel, spent
a few lays in Bristol last week
where Mr. Warner had some
dental work done.
Mrs. Ruckrr, who ha. been
spending the past two weeks in
town with her daughter, Mrs
Karl Stoehr. returned Saturday
afternoon To her home at Forest
Park near Washington.
In the future my liolstein
Bull will serve cows for n fee of
So 90 CASH oNLY. IL John b.
PAYNE. -adv off
The Ladies' Aid of the Bap.
tist church will meet ut the
home of Mrs. Il e. Goodloe,
Thursday afternoon at 2:3O.
Preaching aud communion at
the Christian church SUNDAY
evening at 1880. The subject
will be "Paufs Safety Deposit
Box
FOR SALE-One gray reed
baby stroller. almost new.
Phone 39-adv.
Mrs G.. #. Jones left last week
for st. LouiH, where she will
spend SOME time visiting her
daughter, Mrs. Ii j. Lauxman.
l.. o. Petit, Of Bcatyville,
KY. spent last week in the Gap
with his ,daug liter, Mrs. j. f.
Bullitt, Jr.
Mrs Agee has been quite i'll
at the home Of her mother, Mrs.
5. Polly, in the Gap.
Allen Kreger. of Norton, was
a visitor to the Gap Saturday.
Mrs. J. W. Fox and daughter,
Miss Minnie, who spent the
winter with relatives in Wash.
ington, returned to their home
III the Gap last Friday.
Miss Bcss Young, of Stonega,
spent the week END in the Gap
the guest Of Mr.. and Mrs. |. Il.
Gilly.
FOR RENT. Two comfort
able rooms in modern home,
convenient to bath, only three
blocks from the Wells Boarding
House. Apply to Mrs. Geo. |.
Taylor, phone l99.-adv.tf
Miss Luella Salyer and broth
err. Russell, spent last week END
in Norton, the guests of Miss
Ellen Carter.
Mrs. l.. G. Skeen aud little
son, Henry, of Kentenia, XIV.
nrrivad in the Gan Sund, a.
The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1922-03-22
Service and Quality
FIRST WITH US
Let Us Serve YOus
The Famous Black Mountain Coal. None
Better. We can furnish you with Egg.
Lump or r. 0. NJ Phone us your orders.
Our coal is cheapest when it comes to quality
BUILDING MATERIAL.

we handle Kngsport Brick, CnChfield Port
lana Cement and Lime. Framing, Flooring Ceiling
WINDOWS Doors. Roofing and all kinds of Mould
ing. See US before buy elsewhere We can
save you money If you going to build see u.s.
The New York herald., 1922-01-04
STOCK DIVIDEND PASSED
BY KELLY-SPRINCFIELD
Action Surprises Wall Street
and Quotations Decline.

Directors Of the Kelly-Springfield Tire
Company yesterday passed the quarterly
dividend OF per cent. In stock The
action surprised Wall Street. and Kelly
Springfield shares. in common wita
other rubber stocks. had SHARP reac-
tlons,
The action. directors said, was be-
cause OF their desire to maintain the
company's financial position. The
showing for last year was not satisfac-
tory. It was said, as result OF the
building Of the new plant at Cumber-
land and Of adjustments made when
tire prices were so sharply cut The
Cumberland plant IL about completed
and the company will be In position
to rneet the demand for It's products.
The last week In December established
new high record of sales for the COM
rany. It was announced.
The Kelly-Springfield Tire Company
began the payment of stock dividends of
3 per cent. quarterly I'm May. 1919. In
addition 10 tho regular quarterly cash
ividends of 81 share. In April OF
last year, however. the cash disburse-
ment was eliminated. and since that
time only the stock dividends have bech
paid. The regular So quarterly div
dend on the preferred stock was de-
clared, payable February 10 to stock OF
record February 1.
The New York herald., 1922-01-04
MINE AND SMELTER
OUTPUT OF LEAD DROPS
Product of Zinc Declines Al
most so Per Cent.

WASHINGTON, Jan. 3.--Mine and smell
ter output OF lead In tho United States
In 1921 declined about 90 per cent. and
the production Of zinc Tell of almost 80
per cent. Il was estimated to-day by
the Geological Survey on the basis OF
reports from producers and others.
The output Of soft lead by mines OF
tho Mississippi Valley was about 231 900
short tons, and that of Argentiferous
lead by mines OF the Western States
about 10000 tons. compared with 261,-
SIG tons and 25e.070 tons. respectively.
In 1920. The southeastern Missouri, dis
trict had a 1891 output OF 17s,o0o tons
compared with i6l.25s In 1920.
The recoverable zinc content Of ore
mined In 1921 was about 100000 tons.
compared with 5s4.772 In 1921 and 54s.-
242 In 1919. The output OF the Eastern
States was about $4,000 tons, Central
States about 1896 and Western
States about $4,000, compared with
tO2.242, 337.652 and fs4.s73, respective
ly. In 1920. Oklahoma, with 10000
tons, had an output twice as large es
any other State.
Imports OF zinc In oro decreased from
22,4s7 tons In 1920 10 about 2.70o In
1921. most OF which came from Mexico.
The New York herald., 1922-01-04
DECIDE TO REORCANIZE
AMERICAN CITIES co.
Holders Representatives Will
Form a NeW Company.

A pian for the reorganization or the
American Cities Company has been de-
,ided upon by the committee represent
ing the holders OF the company's col
lateral trust bonds. according 70 an
made yesterday. A new
company, tho National Power and Light
Company. will DO organized with COM
non and preferred shares OF no par
value. the preferred carrying dividends
1f 81 a year. cumulative from January
1, 1923. The new company viii issue
ifty year per cent. income oonds. sub
,ect to the prior payment OF PRINCIPAL
and interest of all indebtedness and
contractuai obligations now or herc-
after outstanding.
Tho company win also buy bonds
now In default, which arc secured by
he properties of the Memphis Gas and
Electric Company. for which II will pay
IS per cent. In the new nfty-year 2
,er cent income bonds. % per cent. In
preferred stock and 25 per cent In COM
non stock. the shares being exchanged
m a 500 basis Holders OF tho Amer
lean Cities Company and per cent.
.ollaterai trust bonds win receive the
snnne exchange for their holdings.
Every holder OF 20 shares Of Amer
ican Cities preferred stock win receive
no right to subscribe to 500 OF the new
income bonds and seven shares Of COM
non stock for s242.50.
The Electric Bond and Share Com
my and Isidore Newman & Son have
tgrced 10 purchase enough Of thcee
blocks to give tho company $4,000. 900.
The New York herald., 1922-01-04
so MILLION CHICAGO
BANK DEAL FINISHED
Continental Takes Over Fort
. Dearborn Affairs without
a Financial Ripple.

Special Dispatch to Tnn NEW YoaK HEsALp.
CHICAGO. Jan. 3.-Depositors and
other customers OF .he Fort Dearborn
banks transacted business with the Con-
t,nental and Commercial group today.
Absorption Of the Fort Dearborn Ma
tional by the Continental and CONNER
cial National and of the Fort Dearbora
Trust and Savings by the Continental
and Commercial Trust and Savings was
accomplished without hitch. and the
business of the banking district went
along with hardly ripple.
Transfer of the s60.0o0.000 accounts
Of the two institutions surprised the de-
positors With their money guaranteed
,,ot only by the Continental and Com
nercial. but by the Clearing House
| Association. many called at the new
| address to offer congratulations on the
merger. Not single check was delayed
10 savings account was tied up and
| every employee affected was at work.
| All assets and records OF the two Fort
Dearborn banks had been transferred by
trucks and cabs In midnight conveys
and the opening Of the years business
| found the Continental and Commercial
the strongest institution west OF New
York
Temporary embarrassment OF Ed
ward Tilden & Co.. concern in which
am not now and never have been
financially Interested" caused President
Tilden of the Fort Dearborn to seek
the aid OF the Continental and Com
mercial the executive explained to-day.
He made It clear that he saw no reason
for criticizing the company, but pointed
out that his frst duty was to the de-
positors.
John Fletcher. se,..or vice-president OF
the absorbed banks. predicted that stock
redemption would be well above par
1.-THE assets Of Edward Tilden & Co.,
which Is the Tilden estate, are 10000
900 and the liabilities $4,000. .000," said
representative Of that company. "1f
our creditors give the creditors com.
mittee time they will be able to work
out eolution that will pay off every
creditor 100 per cent. In spite OF Earl
Motors affairs this can be done and the
estate will have s1,000,000 left II the
Earl Motors Company works out all
right Edward Tilden & Co. viii be able
to buy another bank
The New York herald., 1922-01-04
RAIL RATE HEARINGS
TO RESUME JAN. III
Carriers Go on Stand First,
Followed by Shippers Of
Heavy Freight.

With voluntary rate reductions Of 10
pcr cent. on a wide range Of agricultural
products in effect January and further
cuts OF Sh per cent. to be applied 10
shipments of grain, grain products. hay
and alfalfa In tho transmississippi ter
r-itory on January z. In accordance with
an order of the Interstate Commission.
no further rate revisions Of consequences
viii be made until the commission has
finished its inquiry into railroad rates,
fares and charges. according to local
traffic executives.
Although the commiss!on's failure 10
substitute the voluntary 10 per cent. cut
for the more narrowly ranged lS1s per
cent. reduction on hay and grain dis
appointed the railroads greatly they
are going through witch the voluntary
reductions as originally planned. The
hay and grain reduction has already
been effected by the Atchison and the
Union Pacific. The two reductions. traf-
fic officers believe. will lower the annual
revenues Of the roads by s76. 100000 or
$50, 100000. They regard the recent
estimates Of s93.000.0O0 or Govern
mental authorities as too high.
Railroad managers here yesterday
were advised by the commission that II
will resume Its rate investigation on
January IL, with the carriers on the
stand, to be followed the next week by
shippers Of coal. coke, building ma
terials, lumber and forest products. Be-
ginning January 30 the commissions
program leaves week open for the
testimony Of representatives OF the pub
lie and shippers in general, during
which labor leaders will also be heard
II they desire.
Thereafter shippers OF special COM
modities will be in the chair. covering
agricultural and packing house products.
manufactured goods and all other com
modities. Rebuttal and oral arguments
OF all parties win begin about FEB
ruary 80.
with the commission going into the
inquiry in much greater detail tnan
originally planned the prospect ror
finding before April | is considered re-
mote by railroad men. II Is their nope
tl,at the commission viii announce tnas
no further rate revisions are warranted
until operating costs. mainly wages are
reduced.
The New York herald., 1922-01-04
MANY BECOME MEMBERS
OF WALL STREET FIRMS
New Partnerships and Other
Changes Mark 1922.

The following named persons nave
been admitted to the firms designated:
Kenneth Porter Hill to Alfred Hill
4 Co, Laurence NJ. Simmonds TO MAC
kubin. Goodrich & Co.. Loufs Curtis. 1r..
and Charles Denston Dickey TO Brown
brothers & Co.. Walter Seligman to J.
a w. seligman & Co. c. q. Spiegelberg
70 ]. NJ Leopold Il Co. John w. Pulieyn
and Francis p. Gallagher TO George
Gibson & Co., Allen Blake Kendrick 10
Pell & white and Robert c. Myiea Jr..
to Stewart & Co.
These partnersh' - have been formed; 4;
f.. NJ Shear, c Barton ana T.
simon under the s/ne OF Shear, Barton
a Co. with offices at 8 Nassau street !;
Edward A. Reisman and Albert j. Kay
under the name Of Reisman Kay !;
r. %. stanton, Ricardo Christiani and
E c. stanton under the name or La D.
stanton & Co.. with offices ut 81 Broad
way.
Frank z. Gernon has been elected
v,ce-presfdent OF the Royal Securities
Corporation.
Arthur Hagan has retired frcrn the
Arm OF Miliet Roc & Hasan.
A. w Baar has been placed IN charse
OF the investment department OF H. M.
Solomon & Bro.
The New York herald., 1922-01-04
ruRNyTURE RATE CUT.

Tho Southern Pacific Company an
nounced yesterday rate reductions aver
aging rs per cent. and running az high
as 40 per cent on furniture and Kindred
articles, TO be made effective on west
tound transcontinental shipments as
soon as the concurrence Of tho trunk
lines should be received. Other reduc-
tions apply to shipmonts Of iron and
steel products from Chicago and West
ern points for export from Pacific coast
ports and on export granulated slag
frons Colorado.
The New York herald., 1922-01-04

20 America soon to raise an additional
loan, primarily for tho acquisition OF
me Brisbane tramways ana tho estab-
lishment OF state steel and iron works
at Bowen.
Although II IN believed that the loan
could be obtained In America at thr
interest ratio OF the recent loan, Il Is
considered doubtful whether Premier
Theodore, despite the need OF his Gov
ornment for financial aid, would be pre-
pared to pay the per cent rate Of the
former obligation.
Very little OF the si2.000,00O loan win
be available for expenditure IN Queens
land when London commitments have
bssn nsN u was said
The New York herald., 1922-01-04
chicago uoud oTersnE.

A now Issue Of s752soco city of Chi
,aEo per cent. gold general corporaos
honds. due scriaiiv January l, ia23 20
1910. II being offered by II. VI. Grant q
60. az prices 60 yield from 4.5o to 40
per cent. according to maturity. These
bonds are exempt from all Federal In
ronrs taxes. are eligible 10 secure postal
savings deposits and arc legul invest
nent for savings banks and trust funds
IN New York. Massachusetts,, Connecti-
cut and other states. This issue consti-
tutes O direct general obligation OF the
entire city OF Chicago, payable from
taxes ksvied upon all Of the taxable
property thsrciD.
The New York herald., 1922-01-04
BRIGHTON MILLS OF N. }.
SUES REPUBLIC RUBBER
Corporation to Issue 81 ,0O0,-
600 ReceiOer's Certificates.

CIEvELANp, Ohio, Jan. 3.--The Re-
public Rubber Corporation OF Youngs-
town was made defendant IN a suit IN
Federal Court to-day by the Brighton
Va Is OF New Jersey which claims dam
ages Of s27s,e5e. and ssks for re-
ceiver.
Plaintiff alleges that the Youngstown
company rs Indebted TO the extent Of
ss4,g59 for tires and fabric and ,215.O0o
for damages for failure 20 accept de-
iivcries on contract calling for ss1e,0Oo
worth Of merchandise.
Permission to Issue tl.O0o.ooo re-
ccivers' certificates was granted TO G.
IT. Booth OF Youngstown. who was ep-
rointed receiver OF the company last
Tune. The money will be used 90 con-
tlnuc the company I'm operation and
prevent tho property detcriorating.
The New York herald., 1922-01-04
BENEFICIAL LOAN REPORTS.

Tho annual income statement of the
Beneficial Loan Society showing for the
year ended with November 30 total In
como OF si5s.4s6.47 and total expenses.
taxes and losses OF ss3es5.sO. leaving a
balance OF s3es,7so.t7. equivalent to two
and one-half times the interest charges
on It's G per cent. gold debenture bonds.
IT'S surplus. after payments on It's profit
sharing certificates. amortization or
sinking fund and dividends on it's capital
stock. amounted 20 $76.732.57, which.
added 10 It's previous surplus, made a
total surplus Of s140.671.s1.
The New York herald., 1922-01-04
QUEENSLAND SEEKS
NEW AMERICAN LOAN
Premier Theodore Confem-
plates Making Trip Here.

SYDNEY, ". s. W., Jan. s.---rhe Amer.
team loan Of s12.oo0,ooo to Queensland
is merely a prelude TO an important
financial transaction between the United
states and Qucenslani. according TO the
opinion expressed to-day IN well In
formed circles here.
II wus pointed out that Premier Theo-
dors " Queensland oontsmplatss trip
The New York herald., 1922-01-04
BURLINGTON SAVES s1,sso,ols
Carrier Reports Gross Opcrattns
Revense 81 sia.eOa,ss5.

The report Of the Chicago. Burlington
and Quincy Railroads November state
ment. issued yesterday. revealed net
operating income Of Sl.sso,o1a saved
out OF gross operating revenues Of sis.-
eos.ii7. in contract to s2.s5S.isS IN ne,
and si7.s7o.soo In gross In November.
1890.
it, gross receipts for eleven months
ended with November 30 sotaied 1885,
ss7. .s5s, a shrinkage Of sii.67o. 900 trcm
the corresponding 1920 period Lower
operating expensee. however. enabled
the road to report net earnings Of s2s.-
sO5.722. contrasted with only s1O,ois.-
71s for the preceding corresponding
eleven months.
Announcement Of November earnings
of $50 ciaes carriers Is expected to-
day. II will show probably around $685.
100000 In net operating income.
The New York herald., 1922-01-04
OILS.

Refined petroleum was unchanged. Prices
follow Standard white, New YORK; export,
Sc. 10 bulL f5,. IN barrels sud fSttc. Il
ases. Nster white. &c. In bulk. i6c. NJ
Narrsis and fphc IN cases. Motor gasoline
arsses. 21c.. steei bsrrcis. Linseed on
rri~, 7s~. rss~,,sss ~i~1 49,.
The New York herald., 1922-01-04
COMMERCIAL pArER.

Mixed collateral. 90 90 90 days...
Mixed collateral, 4 80 O months. ...
Industria,s. 60 70 10 deyr.
The New York herald., 1922-01-04
$4O,OOO,OOO
Dutch East Indies
twenty-five Year Exter

twenty-five Year External 696 Gold Bonds
of December 80 1921,
dby the
ednedL ronmtn eJamayL
h~rA AsLn4y,na aydtl nmtAn nM~~spy yshmyuna rmn - gm
Guaranty yTrustC COMPANY o New wYorkFi sea lAgento o
ssumn from nmnnh edbyobh BY C eoHR
Kingdom OF then Mrana md % official Anoouu of u
beer mpm At the rate Of az OF ppo " par 0
anhGaan
The New York herald., 1922-01-04

Total interest and amortization charges on al debt
both funded and floating, appear by the 1922 bud
get aggregate less than l0% OF the 1921 total revenues
partly estimated) These revenues including the
gross income from government-ow uoonopofies
and industries totaed S267, 100000.
For the period of l6 years from the establishment Of
the Colonial Government in 1898 to the outbreak Of the
war IN 1914, the aggregate ordinary revenues exceed
ed expenditures (ordinary and capital aggregated).
From 1906 TO 1913 the ordinary budget exclusive of
receipts from loans and capital expenditures, reflected
IN each year favorable balance, the surplus for the
period aggregatng about $340O0,OOO. In the morn
recent budgets due principally to capital and othes
extraordinary expenditures, there have been substan
tal deficits The floating debt amounts to $222 OOO000
but without allowance for by $40 900
ton of loan proceeds
covERNMENr-OwNED PROPERTY AND DEBT
Total funded debt exclusive of this ioan appruxl
mates $2l2. 900, compared with government
owned property of estimated value of less than
$275 900. These properties from which the Gov
eminent has realized yubstantia al profits over period
of many years include uamways and railroads lap
proximateiy 2,55O miles,, telephone and telegraph
systems tin mines, coal mines and harbor develop
ments. The Government a so controls great naf1rat
resources Of value difficult to estimate.
For the FIVE years lel71e2l partly estimated for tis
last year the income from Government properties
and monopoIics averaged $+6000.000 annually, or
more than ia times all interest and arnortixaton
charges m the 1922 budget
The New York herald., 1922-01-04
MONEY MARKET.
TIME LOANS.

fstHtN 49, 49, l.sl~bs
.tish.. h............... 1hlYenr's high..... 0
TIME LOANS.
Mixed collateral, 90 90 20 dayse A
Mixed collateral, 4 60 O months. ...,. 4
lndustrials. so TO no days. i
industrlais. = 20 q months. s..................
COMMERCIAL pArER.
Rest ranos 4 - q months. hr.........s \
Other names. 4 20 q months. ......,. =. n,ys.
DISCOUNT RATES. RESERVE pANx-
Commercial paper, 'i5 days, ~; 90 10 N
III days. 81: 10 to 90 days, <is. & nxaes
ncceptances IL 20 90 days. d. "'''
s!sixed November g Previous me, p
fixed September -.
OpEN ManKET RATES
Can loans on acceptances ...... ps~
Discount rates on primo bankera' sou..,
ences eligible for purchnsc by Eedcrai h
Bid. Ask, BidAsk
co days...... tI AZ f2o days. az ~
,trtRr~o H0rsE >rATrvr~r
Clearing House exchanges, $3.50, zoe. 900
balances. fIt 200 600; Federal reserve credli
balances, Sd5.2Oo.00o.
SILVER MARRET.
Official bar sifver In New York, donesti
0Slc., unchanged; foreign GAZE. off hc
London. slisd. off I'D. Mosncan dollars
The range Of silver prices this year.
Highest. west
London ,...,. .43ssd. Sept. "a Jo9sd Mar.
New York..... TiAcs 'sert. ~ 5sc. Mar.
The New York herald., 1922-01-04

The Bonds TO be direct external obligations OF the
Government Of the Dutch East Indies. an integral
part of the Kingdom of the Netherlands under the
sovereignty Of the crown and its most important Co
lonal possession. The executive and much of the
legislative power of the colony vested in governor
general and council appointed by the Government of
the Netherlands Budget and other fiscal matters are
originated by the colony, subject to the control and
approval of the Government of the Netherlands
RESOURCES AND COMMERCE
The ISLANDS, the more important of which include
Java, Sumatra Celebes, Malacca Dutch Borneo and
Dutch New Guinea, have an estimated population
largely natve) of about 100000 ard land
of about 10000 square miles. The great natural
of the colony have for centuries given
prominence IN the worlds commerce, and after more
today one of the richest of all colonial possessions.
petroleum and large variety of agricultural COM
modtes, among them coffee rubber, copra tea,
sugar and tobacco.
These natural resources have enabled the n1at1te-
OF substantial excess of exports over imports
For the six years 1915 to 1920 inclusive the Dutch
East Indies had larger favorable balance of trade
States Trade with the United States has developed
remarkably, total exports and imports having in
creased from So 100000 for the fiscal year ending
January 80 1919 to $2O2 $4,000 for the fiscal year
ending June 80, 1921.
CURRENCY AND EXCHANGE
The unit Of currency IS the guilder or form, with
parity of 402 cents It's present quotation of approx
matey 81 cents represents discount of only eight per
cent rejecting its position of the soundest cur
rencies in the world.
The New York herald., 1922-01-04

Rest ran-os. 4 - q months. hs.....s
Other names. 4 20 q months. .....,,... r,ya
nIaCnrNG RAIl,a. HEgERNa 49,
The New York herald., 1922-01-04
Price 94k and interest

Guaranty Company 4, New York
Harris Forbes & Co. Lee, Hgginson & CO.
Bankers Trust Company New Kidder, Peabody Co.
The Union Trust Company Of Pittsburgh
Continental and Commercial Trust and Savings Bank
Illinois & Savings Bank The Union Trust Company
land