davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-04-12
New Municipal FIotations.

The Commercial Trust Company and
M. M. Freeman & Co, Philadelphia, and
Bernard Scholle & Co. are Offering $780,
600 OF the city of Atlantic City's tenn
porary school notes. due on December
is, at price to return 4.25 per cent.
William r. Compton Company and
Harrison, Smith & Co, Philadelphia, are
Offering 100000 of 5 per cent. school
and road bonds OF Ware county. Ga,
due serially on January I. 1926, TO Janu-
ary 1, 1949. inclusive. at price to yield
$50 per cont. for all their maturities
They are exempt from Federal income
taxes
Stacy & Braun and Ames, Emerich &
co. are Offering a new issue of 100000
of per cent road md bridge bonds Of
Kenton county, IS maturing In 1927
60 1850, inclusive, prices to yield 40
to 440 per cent
Sidney Splitter {. @. are offering an
issue Of s325,O00 Of per cent. highway
bonds of Orangeburg county, 8. G., due
on April 1, 1923, to April l, 1862, in
elusive, at prices TO yield 40 to $50
per cent. They are tax free In South
Carolina. exempt from Federal income
taxes including surtaXes. md eligible to
secure postal savings nix deposits.
They are direct obi ton of the
county, payable from unlimited taxes
levied on property therein.
p. w. Chapman & Co. are offering a
new issue OF $780, 900 OF 6 per cent. gem
eral obligation bonds OF Daniels county.
Mont, dated January /, 1922, and ma
turing on January !, 1898, to January l,
1912. inclusive. at q price to yield $50
per cent. on any of their maturities.
They are exempt from Federal income
taxes.
The New York herald., 1922-04-12
PAPER PRICES RISING,
CONVENTION IS TOLD
Twelue Associations Meet
Statesmen Elect Officers.

Twelve OF the associations afhliated
with the American Pulp and Paper AS
sociat.on were In session yesterday at
the waldorf on the second day OF the
manufacturers convention. The Sales
mems Association met on the roof, Law
renee Sloan, editor of the StdndGrd Sta
tistics Service, said paper prices are sta
bilizing and beginning to move UP. he
added:
.'Salesmen are In a peculiarly happy
position to help In the battle against
hard times. One of the surest ways TO
cure the situation Is through the dis
seinination of correct information about
business among all business men. l
fancy also that advertising will have
something to do with the process OF
Strengthening out the crooked business
curves. / am certain that good sales
manship will have a great deal to do
with it."
The following were elected off1cers OF
the Salesmen's Association for the en-
suing year: President, II. III. Reynolds
Of tho B. ID. Rising Paper Company,
Housatonic, Mass. (reelected) vice
president for the New England Division.
John ~. A. Hussey of Boston: for the
New York division, Donald MacLaurin
OF New York city; for the Miami Valley
division, II. II. Houlk OF Chillicothe,
Ohio; for the Chicago division, Joseph
X. Fearing of Chicago, and secretary
treasurer, DR.. Hugh r. Baker OF New
York city.
The convention will continue to-day.
The New York herald., 1922-04-12
S15,OOO,OOO ONTARIO
ISSUE IS OUT TO-DAY
Thirty Year 5 Per Cents. Of
fered by Syndicate Here
at SO IA.

A new issue OF s15.o00.000 Province
OF Ontario per cent 80 year gold bonds
dated April /, 1929. and due April I.
1862. viii be offered to-day by syndi-
cate composed of the National City
Company. Dillon. Read & Co, Harris.
Forbos q Co. and the Guaranty Com
pany of New York at esA and interest,
yielding about sos per cent.
Tho bonds are non-callable before ma
able at the option OF the holder at the
able tthe option OF the holder at the
agency of the Bank of Montreal, New
York. in United States gold coin. They
are legal for investment for savings
banks in Connecticut New Hampshire
and Vermont. These bonds are direct
and primary obligation of the province
Total ordinary revenues of the province
for the year ended October 81, 1921, Were
s29,o61.477. or sGS1,79O more than the
expenditures for the same period.
The New York herald., 1922-04-12
Goodyear Debentures.

Attention is called to the excellent
POSITION Of the Goodyear Tire and Rub
Der Company's per cent debentures.
selling for between 101 and 1O2. Nosh-
Ing is ahead OF them but twenty year
FIRST sinking fund SIS, due in 1871. The
latter are being retired at the rate OF
$750,O00 seml-annually the next draw
i"g to be held on May |. when S1.500.-
GOO OF them will have been retired,
leaving their total outstanding at s2s.-
100000. All bonds thus retired are can
celed and by It's maturity the entire is
cue will have been retired at a premium
OF 20 per cent. The debentures' position
thus is improved progressively as the
bonds ahead of them are retired. The
cebentures are payable at their maturity
In 1881 at lilo. The Goodyear's balance
sheet as Of December 81 disclosed re-
r'arkably good cash position. The com
pnny had cash and United States Treas
ury Certificates of s23.000.0 900, or four
times Its current liabilities, and total
current assets of s66. 200, 900, or ratio
of IL to /.
The New York herald., 1922-04-12
SERVICE AT COST BILL
SIGNED BY MILLER
GoUernoE Approves Traction
and Kosher Meat Measures.

Special Dispatch TO THE NEw YoEK HERALD.
New York Herald Bureau.
Albany, April III. I
One OF the measures signed to-day by
Gov. Miller authorizes upstate cities to
enter service at cost contracts with trac-
ton companies. Such measure has
been before the Legislature for years
and was supported by the State Con-
fere nee Of Mayors. This Is regarded as
a step toward cheaper trolley service
and possibly toward municipal control
of transit lines.
The sale of ordinary meat as kosher
and at proflteerlng prices is made IL
legal by the Downing-Dickstein bills pro-
tecting Jews in the purchase Of their
supplies Signs must be displayed on
neat In stores and dealers are pro-
hit tied from selling ordinary meat as
kosher at prices ranging from 20 TO 100
pei cent. profit. The Governor was told
before he signed the bill that II offered
protection to half million Jews.
The New York herald., 1922-04-12
City OF Ottawa 6s.

Ottawa is the second largest city in
Ontario and the seat of the Canadian
Government. It's obligations are consid-
cred prime investments here and in Lon
don as we'll as in Canada. Several Of
the city's bonds are dealt in in New
York, but her serial 6s, maturing until
1850. appear particularly interesting as
Offering a yield Of little less than $50
per cent. Ottawa Is popular resort for
winter and summer sports and is fast
developing as an industrial center, hay-
ing excellent transportation facilities.
On basis of about as per cent It's
valuation during the period from 1910 to
1921 inclusive Increased from $55,175,811
to s129.5A1,622. The city's net debt in
1921 was $6.697,637 and the value of Its
municipal property about s15,o00,000.
The New York herald., 1922-04-12
DEATH BENEFIT NOW $4,000.

An Increase in the death benefit pay
ebie from the life insurance fund of the
Fire Department of New York city from
$1,000 to $4,000. as provided In a bill
rsssed by the State Legislature and APP
rroved by Mayor Hylan, has been an
nounccd by Fire Commissioner Dren-
nan.
The measure v1as framed by Lieut.
Francis J. Sample of Brooklyn. 1t was
introduced in the State Senate by Sena-
tor Earris and In the lower body by AS
semblyman Frederick A. Wells.
The increase will be derived from the
fund of the department and will not be
added to the city's ueos Payment Of
tile $4,000 benefit will mean that the
fund must be increased from $4,000 to
100000, and this will be achieved by
assessing the uniformed members of the
dcpartment
The New York herald., 1922-04-12
wabash. Toledo & Chicago Div.

Among the good second class railroad
bonds in a position to benefit from inn
proved earnings of carriers. the Wabash
Railroads Toledo and Chicago Divisions
first As, due in 1941, stand in high favor.
The Wabash covered its fixed charges
with a small surplus to spare last year,
and this year it is showing something
for the stock. These bonds are issued
under closed mortgage Of $3,000,000
and secured by a direct first lien on
seventy-five miles of road from a point
near Toledo to Montpelier, Ohio, from
which point the bonds are second mort
gage on about $50 miles to Clark juno
ton, Ind, subject to only S2,753,000 of
the Detroit and Chicago Divisions IS of
1941. That mileage affords the Wabash
a direct route for traffic from Chicago to
Detroit and Toledo. The bonds are
listed on the New York Stock Exchange
and at current prices yiela about 6 per
cent. to their maturity
The New York herald., 1922-04-12
Lo. Angeles ana Pacific First Is.

A traction bond with the rather un-
usual distinction of being guaranteed as
to principal and interest by large
trunk line railroad system Is the Los
Angeles and Pacific Railways first re-
funding As, due In 1850. They are dated
in 1910, and OF their authorized issue Of
$40, 100000 SS,29S. 900 is outstanding. of
which S2.4S7,ooo is owned by tho South
ern Pacific Railroad. The balance.
$5,S1f.0o0. outstanding in the hands OF
the public. is guaranteed by the latter's
Endorsement. The bonds are secured by
direct mortgage on 215 miles OF street
railway in and around Los Angeles, sub
Ject to only $5,S51.000 of prior liens.
At current prices they yield about 500
per cent to their maturity
The New York herald., 1922-04-12
CONNECTICUT REDUCES
UNEMPLOYMENT 20 p. C..
Normal Industrial Conditions
Expected by Midsummer.

Hartford, April 11.--Industrial condi-
tions in Connecticut are showing steady
Improvement according to an official re-
view issued yesterday by the State Labor
Bureau In connection with the March
analysis of figures reported by ivo free
employment bureaus.
An estimate was made that about a.
900 persons are at present unemployed.
or about 20 per cent. less than shown
by survey some weeks ago. Deputy
Commissioner Burke. who prepared the
figures, forecast normal employment
about midsummer.
The New York herald., 1922-04-12
UNITED HOFFMAN OFFERING.
$4,000 Voting Trust Certificates
VIII BE Put ont.

A block of $4,000 voting trust certifl-
Gates Of the United Hoffman Machin-
cry Corporation is being offered for
subscription at $50 a share for the COM
mon stock by b. Keech and Com
pany and Hayden. Stone and Company
This company, manufacturers or gar
ment pressing machinery. has its plants
In Syracuse. Sales In 1908. the first
year. totalled $4,000 and In 1921 s3,-
$4,000, with net profits of s1,024,s9s.
The company is capitalized for s2,-
100000 ten year per cent. debentures
and 100000 shares OF common stock.
The 1921 earnings were equivalent. after
deduction OF Federal taxes, depreciation
end interest charges TO 1i.s4 a share on
the common stock
The New York herald., 1922-04-12
Average Bond Prices
April IL. 1899.
BOND NEWS AND NOTES.
sa.5oo.ooo Light Onering.

Blyth, Witter & Co, Cyrus Peirce &
Co. and Banks, Huntley & Co. are Offer
ing new issue Of s3,5o0,o00 Of the San
Joaquin Light and Power Company's
unifying and refunding mortgage s per
cent. series b non-callable bonds at
99M and interest, to yield sos per cent.
The company Is located in California.
The issue Is dated March l, 1922, ma
lures in 1852 and is tax exempt in Cali
fornia. 1t is secured by direct lien
on all the company's property. Its
average annual net earnings available
for interest and depreciation in the last
ten years have been more than twice Its
interest requirements.
The New York herald., 1922-04-12
Offer Brown Company Bonds.

An Offering OF s3.Oo0.Oo0 of the Brown
Companys 6 per cent serial gold de-
benture bonds series B is being made
by Hornblower & Weeks for 96ss to 100.
to yield $50 to 6 per cent. according to
their maturities. The bonds are due in
1923 to 1912, inclusive. The company,
founded in 1852, is the largest manufac-
Alrer in this country of bleached sui
paite fiber pulp and kraft wrapping
paper It's earnings in the last five
years have averaged five times that
on all the debentures outstanding and
now 60 be issued after taxes. deprecia-
tion and all interest other than that
on debentures and before dividends.
The New York herald., 1922-04-12
SURPLUS DROPPED IN 1921.

The Keystone Watch Case Company's
surplus dropped from s4,026,463 in 1920
70 s3,g21,345 In 1921, according to
financial statement which It has filed In
Massachusetts,. It's cash and debts re-
ceivablc were reduced from $2.762,773
80 s1,s5s,TSS and Its accounts and notes
pavablc decreased frsm sl.o3i,4i1 to
SS54,g6J. 49,
The New York herald., 1922-04-12
Railway Issue All sold.

Harris, Forbes & Co. announces that
the s3,000,000 OF the New York State
Ranway's first consolidated mortgage
gold bonds, bearing 6Ia per cent. inter-
est, offered yesterday, have been sold.
The New York herald., 1922-04-12
CANADIAN ROADS CUT DEFICIT.

OTTAWA. April 11.-W. C. Kennedy,
Minister Of Railways, announced to-day
in the House of Commons that the Cam
adian National Railways deficit, includ-
ing fixed charges. las year was S55,673.-
ssi. in contrast to s67,505.059 for 1920.
He gave figures for the Grand Trunk
Railway separately. Its net loss for
the year, including fixed charges, was
$15,672.299, I'm contrast to net loss OF
s6.527,243, In 1920.
The New York herald., 1922-04-12
PHELPS DODGE LOST
SS,539, ,O68 LAST YEAR
For 1920 Copper Company
Had Net Income.

Another copper company which suf-
fered severely from the 1921 depression
was the Phelps Dodge Corporation. ac-
cording to its report for that year,
which showed loss of sS,539.06s after
charges depletion and depreciation
Those figures contrast with a net in
come of. s733,112, or S163 a share
earned on the 5.0oo,000 OF its capital
stock In 1920.
The following table contains figures
from the reports or 1920 and 1921:
The New York herald., 1922-04-12
Union Bag Project Ratified.

Tho proposal to issue s15,00o.00o of
the Union Bag and Paper Corporations s
new bonds has been ratified by Its stock
holders. Upward of s70o0.000 OF the
bonds will be issued soon. Their pro-
ceeds viii be used in part to retire
s2.195, 900 OF the company's per cent
bonds outstanding.
The New York herald., 1922-04-12

The consolidated balance sheets show
cash, $3.2e203s. against s4.435.o .o07 In
1920; accounts receivable, s3,351.I34, In
contrast TO $fa01,is5 In the previous
year inventories, si5,767 ,003, against
S25. .0o3.I4s In the preceding year: ac-
counts payable si7.0os,3O4, in contract
to s1s,sf4.is3 In 1920. The company's
surplus was reduced from s12o,o27,1 ,172
to 500. .5S5.679.
The New York herald., 1922-04-12
ont OF Town Offering.

Tucker. Robson & Co. Toledo. are
offering $2s0.oo0 OF per cent. general
Improvement bonds of the city OF Waco.
Tex. at a price to yield 4.6 per cent.
Their principal and interest are payable
In this city.
The New York herald., 1922-04-12
ChiMn q st I
UOld a 1919

HBu otS IH6l
.74is
Chi r j & 1
ref Is 1894
The New York herald., 1922-04-12
Chrfstiania
.A.s

LIST ais 1916
/. 80
Ajax Rubber
IS 1895
The New York herald., 1922-04-12
CUSTOM HOUSE RrcrTprs.

Receipts for duties at the Custom House
yesterday were 81. .263, ,s3e.4s. OF which $500,
bonded warehouses ard snf3.rff 81 FOR recent
lmportatlon-
The New York herald., 1922-04-12
FRANKLIN MINING REPORTS.

The Franklin Mining compcny's 1891
report shows an excefs OF S46,1es In
current liabilities ove7 current assets.
The New York herald., 1922-04-12

AtCn II q . re
CIV As 1855
1...... 7oa1
Atch T n Sc Fe
cv 4s 1860
2......m
Atch It & SC Fe
adj ls 1895
1.....S .S2lA
stamped
5..... S21a
Atlanta-B Brm
LIST 1s. 1893
10......70
TO1s
Atlantic Frui,
- aAa.
The New York herald., 1922-04-12

Continued on Following ps~c.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-10
BRANCH

Probably the convention Of the American Bank
ers' Association has acted wisely in adopting by an
overwhelming majority a resolution strongly dis
approving the establishment of branch banks under
state or national laws. Ha
Although this system has worked we'll in the old
world, and appears to be fairly satisfactory. in Can
ada, there seems to be little doubt that it is not
adopted to American conditions at least as these
exist at the present time.
Any tendency to undue, concentration in bank
ing would be a mistake just now. As was pointed
out by the bankers themselves it would breed sup
port to agitation against the money power, and to
the various cheap money schemes, which are like
wise SO dear to the heart of the denlagoguc. 1t
would probably bring about constant government
interference with the banking system, and would
put independent banking institutions throughout
the country at a severe disadvantage.
The'nation>owes much to its thousands of local
banks, banks which are in touch with their neigh
|bors and patrons, which are familiar with local con
ditions, and are interested in promoting local in
dustries. Branch banks may be we'll directed and
well managed but in the final analysis the manage
,nent is of the long distance variety, which means
unfamiliarity with local conditions, and lack of sym
'pathy with local needs.
AS it is, farmers, merchants, and other individu-
ais. all in fact who have use for the credit extend
ed by the local banks are severally and Jointly in
and developing this genuinely demo-
cratic system, which while far from %faultless, seems
to meet the needs of this country at the present
time more efficiently than any system of power
centralized in a few nationwide banking corpora-
tons could be expected to.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-10
A N DIVERs1F1CATIoN

In an address delivered at the Hatton fair. Gov
ernor X. A. Nestos treats~the subject of diversified
farming from an eminently sane viewpoint. He
points out for example that Investigation does not
necessarily mean that the farmer should rush into
the dairy business on a large scale, and abandon the
raising of wheat entirely. He does urge the desir-
ability of sufficient Investigation in every COM
munity to at least supply the needs of that COM
munity for hogs, cattle, dairy products, and garden
vegetables. Il
These views put the question of diversifcation
up to the farmer on a common sense basis. For
most farmers of North Dakota to suddenly abandon
wheat entirely and attempt to jump into dairy farm
ing alone would be an act of folly. 1t is Just as easy
for a farmer to Tgo broke" in plunging on dairy
cattle as in %plunging on wheat. M5
North Dakota farmers should grow more live
stock than they do, but the state has Been. is, and
probably will continue to be, primarily a wheat
growing state. Wheat may be expected to- continue
as the farmers chief money crop. To abandon
wheat growing entirely would be ever, a worse
policy than that of growing wheat alone which too
many farmers have pursued in the past and are
still pursuing. :,
Probably a sane, Investigation system for a
North Dakota farmer would be to plant half q his
acreage in wheat, and to use the remainder for
other crops or livestock, rotating the wheat with
the other products from year to year. This would
give the farmer his money crop of wheat, and at the
same time would permit him to raise other products
in sufficient quantities for his needs and to provide
him with some income in the event that the wheat
crop was a failure, as we'll as giving his land the
Investigation that it requires. !"
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-10

war. In North AmericaLfour-fifths
OF an area Of nearly 100000 square
miles Is occupied by two of the great
countries that were in the struggle.
Only about one-half of South Amer
lea remained nominally neutral.
Therefore OF the s 1000, 900 square
miles of the globes area, exclusive Of
Antarctica, more than 45.00O,00O
square miles belong to the belligerent
nations, and the remaining few mflF
lion were more or less affected.
Q. What is a fitch of bacon ? r.
A.. This is the English name for a
whole side of salt pork. The term IL
also applied to any large piece Of side
meat.
O.. Who was the wife of Thomas
Jefferson? c.. C. H.
A. Thomas Jefferson . married
Martha Shelton, widow of Bathurst
Shelton and daughter Of John Wayles.
@. May one refer to her husband
as Mr.. Smith? c. X. w.
A. This form is correct in speak
ing to L servant, hut should not b.
used in conversing with an equal. "
J @. Who was called the Mother of
the Brazilians?. NJ. W.. B.
"A. Dona Theresa, daughter of
Francis l.. king Of the two S~icilies.
was known as Mother of the Brazil
ians. a&N 1922 ~
Dollar Day, Friday, Oct: IA
Victor Ferris Of Philadelphia, has
taught his cat to waltz to muctc. But
it refuses to "shimmy.' Which shows
that a cat has more sense than some
women.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-10
Q. Is it proper to say ~"I-reckon l
will be there on Thursday"? A. H..

wa IN tS IN
D.
A. The verb reckon should not be
used. 1t means to estimate or count
up.
@. Is CASTLE soar known by any
other name? II. NJ. B.
A. 1t Is also known as olive oil
soap. Marseilles soap, Spanish soap
and Venetian soap. The name CASTLE
records it's Spanish origin. but Mar
settles, France, is the chief modern
place Of it's manufacture-in fact in
Europe it is generally known as Mar
settles soap. If genuine and Of the
first quality it is made entirely of
olive oil. The bulk of CASTLE soap of
modern manufacture contains a con-
siderable percentage OF peanut. rope
seed and other similar vegetable oils,
Q. Where does the expression "a
little bird told me" come from? C
p C.
A. This is borrowed from EccIes.
tastes 1920 where it reads: For q
bird Of the air shall carry the voice
and that which hath wings shall tel
the matter
@. What proportion of the earth's
world war? r. u. H.
A.. OF Europe's approximately A.,
100000 square miles of territory, sew
Il 'eighths was directly, involved i,
the conflict. For. Africa the Fraction
Is larger. 80 out Of 33 parts havin,
been in belligerency. Asia with he
1900, 900 square miles, while Austria
liza was completely in the throes o
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-10
ANsWERs To QUESTIONS.

@ HEsssthe. boil weevil as great, a
menace ~ the ravages Of the Insects
which afflicted the Egyptians in the
olden days? ID. g.
q. Government authorities ars
CONVINCED that the boil weevil Is q
pest Of az great magnitude as any
which afflicted the Egyptians. Some
authorities claim that II has disturbed
our economic situation more than any
other single factor IN our history.
Which state leads In the NUM-
Der Of camp sites Tor automobiles
touring the country w. p. Il.
~ California; ma more camp sites
for tourists than any other state.
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-10-10
STATE POLICE.

Any suggestion of the establishment of a state
either in North Dakota OF Minnesota
is certain to call forth sharp protests from certain
groups of citizens. The use of such forces in labor
disputes in some states has aroused a very strong
sssentiment Of antagonism to them in the ranks of or
Slganized labor and its sympathizers throughout the
country.
SSa5 1t must be admitted however that the recent
epidemic of small town robberies which has swept
over the northwest during the last few weeks fur
@inislles a powerful argument for the establishment
SSof some such organization. Otherwise it is difficult
sxo ssce how any effective method can be found for
sf,e protection of ths small towns and rural COM
slmnunitiea.
Obviously it is folly to expect the ordinary
village peace officer to adequately cope with such
SDrgznized gangs of bandits as have lately been
sscnducting raids in this territory. The county Of
kcials are but in little better case. They are essen
Ssdfia1lyys local officials, and bandits operating in high
Hspeowered automobiles are generally out Of their i'm
mediate Jurisdiction before they have been even
2nn0li6ads of the commission Of a crime therein They
884kaSpxe neither tie means nor the authority for an
2233dequake pursuit Of the criminals
N1sass1Ihc only remedy for such conditions would
~ he sthe.acreation of some efficient state or
zfGz6ixE q tiion operating trderscentral authority, made
n Intelligent men, adequately equipped
E. IISsssfihs pursuit and capture. Of criminals Until
6oddys is formed hesrural sections ofs the state
SDntinne TO d The easy prey 81 bandit gangs
SSsSveEand wherever the latter may see ft to