davidaulloa/AmericanStories huggingface dataset:
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-07-31

1t seems as if the old farmer was
right after all.
House the other day and it was par
ticularly fitting that it should be told
there al the time.
Naturally the twin strikes were the
subject of conversation. And they re-
called the story of the farmer.
After a particularly wet spell the
son of the soil was asked by a stranger
in his midst:
DO you think it's ever going to stop
rainingT"
well" drawied the old farmer, 1T
always has"
Meaning that when anyone asked at
the White House if the strike would
be settled. they got the confident re-
ply that they always have been"
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-07-31
MEN and MATTERS AT CAPITAL
. y q y p =
Interesting Sidelights on Capital Activities
q Il q q = q
BRIEF BITS OF Wit AND WISDOM
DISMISSED MEN ASSETS

The popular idea that former Presi-
dent Wilson's former secretary is tear
ing his hair at the dismissal of demo-
Gratis from the government service by
the new administration turns out to be
all wrong. Every democrat dismissed
by the republicans becomes a militant
asset to his party, asserts Mr.. Tumul-
ty. He wants TO get back into office
and he knows the only way he can get
back is for the democrats to win.
On the other hand, take a democrat
in office under a republican administra-
ton. He devotes himself to irving
to stay in that office and in that ef-
fort he loses all sense of loyalty or
devotion to the democratic cause.
IF you want TO spoil a good party
man just give him a job says Joe.
They Immediately get too lazy to
work or to vote"
Perhaps there were too many dem
ocrats in office in November, 1920.
In any event something happened to
cut down the party vote disastrously.
Perhaps, also. that is why some SEN
ators have been turned down recently
at the primar ypolls. The folks AT
home have thought they might be bet
ter represented after a few months OF
years out of comfortable Washington
offices.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-07-31
Circus Woman Gives
Bonds for Release

Violet Myers. arrested Saturday in
a side show of Howe's Great London
circus. obtained her release under bond
Sunday. Violet was charged by the
deputy sheriff who arrested her with
selling pictures Of an unseemly char
acter.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-07-31

pounds fish; Bruce Nakapigak, IA
pounds fish; Helen Kagoaluk, / pair
slippers.
The harbor at Point Barrow is
open only 219 months a year.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-07-31
BUSINESS SURVIVAL OF STRIKE IS SURPR|S|N(

RETURNS FROM CAMPSITE
Mr.. and Mrs. Harry Davidson Of
210 Eighteenth street north returned
Saturday from Campsite: where they
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-07-31
Keep Pace With Evolution

DARWIN declared that the human race was merely
an evolution of the monkey tribe. Some people
agree with him. Others do not.
But there is no denying that even within the memory
of most of us, there has been considerable of an evolution
in the human mode of living. And today, this evolution
is buzzing along faster than ever.
There has never been a time when conditions changed
so rapidly-when life bettered itself so consistently. New
comforts and conveniences are coming IN all the time.
And the rapidity with which they are invented and put
before us vitality affects us all.
To take advantage of these things, you must keep
yourself informed. You must know not only what they
are, but also how much they cost and where and how to
get them.
The only way you can know this is to be a regular
reader of the advertisements.
advertisements tell of all that the world is doing to
make you more comfortable, your work easier, your
methods better, your clothing and food problems less
irksome. They tell you how you can save time-and eff
fort-and money in the selection of the things that make
life worth while.
Advertisements are interesting, instructive and highly
profitable to you.
Keep In touch with modern evolution by
reading the advertisements
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-07-31

And now comes the Honorable ,Jo-
seph Tumulty with an entirely new
philosophy of politics and patronage.
good Indian is a dead Indian. Joe Tu-
nudity avows that the only good dem
ocrat is the democrat out of a lob.
New-York tribune., 1922-10-22
Sweden's Unemployment Less

Special Foreign F!namcsal Correspondence
CSOCKHOLM, Oct. 5.---Owlng to
the improvement of the unern-
ploynent situation in Sweden,
the s5,O00,000 kronor granted by the
Riksdag foy unemployment relief
will amply cover all expenses for
this purpose and probably leave
surplus, according to an announce
ment just made by Director General
f. w. II. Pegelow, chairman Of
the government unemployment COM
mittee.
The volume OF Sweden's foreign
trade during August increased con-
siderably compared with the previous
month, as shown by the official figures
now published. Total exports amount
cd to 1900, 900 tons, an increase Of 1885,
600 over the preceding month, and i'm
ports increased from $4,000 to $4,000
tons. This means that present exports
are 93 per cent and imports 96 per
cent Of the pre-wav normal. An inn
portant export item Is locomotives for
New-York tribune., 1922-10-22

Russia, of which exports during the
first eight months Of the year were
valued at a8,70o,000 kroner. 1t is now
announced that Poland also has or
dered 100 locomotives from the Troll
haette Works, situated near Gothen-
burg, Sweden.
Reports from Russia indicate that
the Soviet government is making ex-
tensive preparations for its winter
trade Wis the Fort Of Petrograd. The
inlet to this p-,rt has been swept clear
Of mines and fotilla Of ten ice
breakers, able TO tow into port twenty
steamers aggregating 10000 tons q
month, will be kept in constant opera
tion.
Inc previous report concerning the
forming OF the arst private bank in
Russia since the beginning Of the So
Wet regime has now been confirmed By
the we'll known Swedish banker, Olsf
Aschberg. in recent interview pub
lished in Stockholm papers. Mr.. Asch-
berg stated that he had received SON
cession from the Soviet for establish
ing the Russian Bank Of Commerce
in Moscow with capital stock Of l0,-
100000 gold rubles subscribed by for
eign capitalists who hsd previously
had lnteresta in Russia.
New-York tribune., 1922-10-22

service. They make no allowance for
the factor Of laundry bills, and wear
and tear on clothing. In the mar
ket for entertainment native New
Yorkers are perpetuaIiy forced to bid
against the casual visitor who need
not gauge his expenditures on an
annual basis.
Sellers OF the thrift idea ought 20
bear In mind the looseness with which
welI-to-do and nearly affIuent persons
spend money on smusementa. The
man who simply cannot afford to buy
a bond or protect his family with In
surance is probably spending dis
protortionate part OF his total income
to finance his adventures along the
Gay White Way. ~. To the thea
trical press agents, we wish 60 make il
clear (an6 60 on record TO the effect),
that we by no means hold that invest
nnent in pleasure Is waste. A good
play frequently pays richer dividends
III s1eiSAaSeioii l ehaH eooa
stock.
Baby bonds as q medium for invest
ment are coming increasingly into
popular fayor. The main objection TO
bonds In 800 pieces has been dis
parity In price with bonds In $1,000
pieces, which can be bought mors
cheaply and sold at higher quotations.
One or two houses who specialize in
baby bonds fand 1000 corporations
now have obligations outstanding in
500 denominations have sought to
bring the price Of the small pieces
close to the true market. The baby
bond and the partial paymens plan
(which few have been able thus fsr TO
from the seiect few alons toths great
masses e1 citizens
New-York tribune., 1922-10-22
Gold Certificates Return
Yellowbacks Again Put Into Casual Circulation.
as Reason for Accumulation No
Longer Exists
IVA ESTORATION 60 casual cir
MA culation of the gold certifi-

TN ESTORATION 20 casual cir
NN culation of the gold certif-
cate, popularity known as the
yeltow-back, has attracted far more
attention, been accorded much more
significance than the event in itself
has warranted. Several months have
passed since word issued from the
Treasury TO the banks to pay ont
gold notes freely, yet today, more
likely than not, the man who receives
yellowbach in his pay envelope
will exclainl at finding it, and the
efforts of certain theorists to attach
special Importance to the reappear-
ance of this money are still unabated.
II the United States had ever during
the war departed from tie gold stand
ard of this comment and surprise
would have been easier to understand.
But the United States never did get
off strictly gold basis, and what has
happened has, therefore, not involved
a return to any partic. .lar standard,
but merely the reassertion of that
stanoard IN form Chat the public can
comprehe nd.
In considering the significance Of
the new conditions it is essential to
remark the fact that at no time during
the war was the gold certificate elimi-
mated from circulation. Because of
the need for expanding credit to It's
virtual maximum and because COLDS
service as credit base was greatest
when concentrated In the hands Of the
Federal Reserve system, there was a
natural effort to draw the gold in cir
culation so far as possible into the
central reserve fund. A $1,000 goI |!
certificate as money 10 worth merely
it's face value; as part Of banking re-
serves 1t is worth no more, but its
U efulness is expanded perhaps Sen
fold.
The instructions TO the banks went
no further than to request them to
gather together gold certificates Cd
New-York tribune., 1922-10-22
'Estirnated. .
New Orleans Firm
Floats a Foreign
Bond Issue Alosle
Direc, Handling Of So, ,OOO..
600 Ceara, brazil. Bonds
Marks New chapter i'm
Cityss Financial History

NEW ORLEANS, Oct. 21.-A new
chapter In the financial history of Nsxe
Dreams 10 written in the S2,o0y. zoe
bond issue of the State of Ceara. Brss
I'll, which is being floated by the Mort.
gage and Securities Company Of this
city. This is the first time thas q fora
eisn pond issue of this size has bsen
hanaied direct By Southern city. The
common custom has been for the issue
TO be handled by financial houne of
New York or some other large center.
with New Orleans and other Soutneru
cities taking q portion of cne bonds.
fhe Importance to Southern enters
terprise Of this deal is further en,48
phasized by the f@ct that New Or
leans firm. the c. A. D. Baylsy Con.
struction Company, has the contraes
20 dc fhs work; and Louisiana firm,
Austin Machinery Cooperation, has the
ccntrsct to supply the mechanicaI
equipment. The bulk of the imported
material will be supplied by New Orr
leans,
slight reduction In industrial euu.
pioynent IN New Orleans 10 traced 30
the slowing up Of the sugar refineSya
due TO the closing of the sugsr season.
and 20 transportation difficulties,
which have interrupted shipments OF
material 20 the ship repair plants ard
the metal working planas. These are
che only lines Of major industry re.
porting reductions in force. and even
there the cut is fractional. ~
New orleans's building program loes
force only slightly in September, and.
the total for the first nins months OK
1922, $7.s25,s6s. established q nsw recs
ord. IL In nearly S2,0ae,00o more than
the total for the same perls-. ~ fAs-SA
the former record year. With but thFe0s
months remaining in 1922, predictious
are being made freely in sonstsuction
circles that this year wilg see . total
Of more than $i3,000. 900 Of conssruc-
ton. Despite the fact that che rental
season has passed, architects rspcss
that builders are steadily coEnins to
then with more plans.
Rents ~ whale remain on xbc@S
the same basis % last year What
reductions have been made ere cou~
fined 10 the hsghss-priesd hoasss snA
apartments. Business properties on
which lessss expired this season were
advanced In rentAl.
New-York tribune., 1922-10-22
Along the Highways Of Finance

WTOSiAN'S financial place Ia In the
w safest Of investna ents, according to
the Wall Street credo. A brokerage
house which circum stances compel to
assert its high morals boasts IL will
not accept accounts from women.
hus, despite the demonstration - % (
obvious By capable women bank on
cials and bond sellers. the traditional
investment adviser continues TO as
soc!ats women with imbecilss and
minors.
Sex should be no factor In selecting
Investments. Risk should be assumed
in proportion as the security buyer is
financially and intellectually able to
undertake the hazard. "Bonds suitable
for widows and orphan" convenient
tag. which we are oil tempted TO use.
but which occasionally is found to be
misleading upon analysis. Lord Lever
hulme. the soap manufactures and one
OF the richest individuals In the Brit
ish Isles, ia an orphan. Mrs. Russell
Sage was widow.
Each individuals investment prob
lem should be decidad on its own MGR
its, and those in quest OF advice shoul
describe the special facts which con-
dition their requirements. But. In the
name Of the sovereign femals voters
Of the country, let the financial
world realize that scme women
are better equipped with capi-
tai and brains TO accept higher yield
ing securities than innumerabla men.
The theory was so long held that
woman's place was outside this Stock
Exchange that more men understand
the workings Of speculative machinery
better than women. That fact and the
whole history OK discrimination against
New-York tribune., 1922-10-22
Market advances

The British Colonial Once a few davs
ego gave its full approval 90 the Ste.
venson plan, and imn adiateiy follow
ing the announcement OF this action
the market advanced az stated. Il. re-
mains now for the office to althorize
the Legislatures Of Ceylon and British
Halaya to put the export duties into
operation.
A cable from Singapore stated this
will be done before November 1. and
while the Ceylon iaw-making body viii
be slower TO act, it is expected TO make
the duties retroactive.
The rubber trade in the United
States. which takes mere than half of
the worlds annual cutnut. is about
divided in it's views a~ to the effects
forced restriction will have upon the
market. Many contend the plan will
fall far sho-t of it's Dyrrosa increased
profits to the growerfor the reason
THAT restriction Of anv coromodity is
an economic cloak we'll worn cut at
the elbows and that decreased produc-
fion III time will have ID meet de-
creased censumption 70 lower manu-
featuring costs.
II liz asserted that the present We
ficfe tire n I'll it's greater content OF
fabric ef cord, was tre eonsea eEce Of
the high prices that Obtained for crude
5rubher In 1912 Snd 1913. The rubber
New-York tribune., 1922-10-22
Likes the Feet Of IL
BY Merryle Stanley Rukeyser===

women as individuals account for the
viewpoint Of financial guides. Entirely
aside from questions Of sex, only the
specially gifted should risk the dam
gers Of speculation. Irrespective Of
whether they are orphans or widows,
the vast majority Of folk would do bet
ter 60 invest in sound bonds than in
alluring, yet evanescsnt, stocks. De-
cisions In such matters, however,
should be made without regard to race.
creed, color or previous condition Of
servituds. BY her intelligent adapta-
tion TO the modern financial and bust
ness world the modern woman has
compelled candid observe-s to answer
in the affirmative Alice Duer Miller's
inquiry, care Women People?'
New-York tribune., 1922-10-22
Railroads Earning Power
My xv7
No. Wv al)asl,

normal seasonal variations of both
gross and net taken In conjunction
with actual earnings to date Of latest
monthly report.
The reorganization, by reducing
funded debt, and, consequently. fxed
charges, placed the company In a much
stronger position. Going ahead on tha
"eW basis, earning power haa devei-
Nned very rapidly, both as TO gross and
Dividend Record
The stock capital structure consists
Of two classes OF preferred stock "Av
and "B." Of which there arg outstand-
'ng S64,lsa.4o0 "a" stock and si2,75t-
400 "B" stock, together with s6i.549,-
100 common. The "R" stock Ia con-
yertible. half into ~" stock snS h >
into common. Dividends ON both is
sues are none mulative and limited to
per cent yearly, except that the "a"
stock shares equally in any distribn-
tion IN excess Of per cent on the
common. On the "A" stock, which
ranks ahead of the "B'' stock in prior-
ity. q per cent was paid in ief7 and q
per cent in 1918. but nothing since. No
dividends have been paid or declared
ON the "B" stock or common stock.
HsSAGiN 9t oaiGty
The margins Of safety above interest
and preferred dividend requirements
shown in the table below are figured on
the basis of the percentage that earn
ings available for interest and divi-
dends would have to decline in order
barely to cover interest charges and <
per cent on each of the two preferred
issues. AS nothing has ever been paid
on the common stock, it has not been
given @ place in the margin Of safety
table below.
Against the year 1918 8 plus 8 will
be noted under the "B' stock column.
plus 35 Under "a" stock and q pius
62 under fixed charges. These figures
signify that If total income in that
year had been 8 per cent less, just s
per cent would have been earned on
the "B" stock, leaving nothing what
ever earned on the common If the
total net income had been So per cent
smaller, only 8 per cent would have
been earned on the IA" stock, leaving
no earnings for preferred "B." And +
this income had been less by 62 ner
cent, fixed charges would barely have
been covered
After 1917 we run into minus sipns
against both preferred Issues. This
simp'y means that in those years total
net income would have had to increase
by percentage equivalent TO those
figures if preferred dividend require
ments were TO be fully covered. FOR
example: In 1921 total income needed
to be increased 47 per cent in order to
show earnings Of s per cent on each OF
the two preferred stocks, or ST per
cent in order TO cover the "a" stock
requirements alone. The actual re-
suits for 1922. however, are likely TO
prove more favorable than the figures
ind cate now that coal and railroad
strikes are ended and traffic is inereas-
ing
New-York tribune., 1922-10-22
Demmrrnge Charges

A graduated scale of demurrage
charees would make IL worth while for
consignees to engage extra hands to
expedite unloading Of cars. and would
make the use of cars for storage pur-
poses too expensive, thereby curbing
those who speculate at the expense Of
men doing a legitimate business year
after year. The Interstate Commerce
Commission has been appealed to in
the interest of sliding scale Of de-
nurrage charges, but it is too much to
hope that any decision can emerge
from the labyrinth Of red tape until
the current traffic emergency has
passed. This as a matter, however.
that should command serious attention
bef re the country gets into smother
transportation jam.
Heavy coal loadings may be expect.
ed Co continue we'll into the winter.
thus prolonging the period Of abnor-
NAL traffic beyond the limits of the
1920 movement, which ended abruptly
and brought the carriers into period
Of Improbable operations; From the
standpoint CT profits 60 the raj roads
the present movement is superior to
that of 1920 and should pave the way
for greater development In those
phaaea Of transportation that are in
greatest need Of correction. It should
be remembered, however, that all this
abnormal demand for transportation
does not work TO the financial advan-
tage Of the roads, Cor as far as coal Ia
concerned they are merely crewding
into a space of weeks task which
would ordinarily have been performed
with less strenuous effort over a Pc
riod of months.
After the coal movement what may
be expected? We are at s. point in q
major business cycle where it may be
STATED with reasonable assurance that
the demand for freight space will nas
fall OF abruptly as 1t did tive years
New-York tribune., 1922-10-22
Philippine Cotton Goods

OF the total July Imports Of un-
bIeaehed cotton cloths entering the
Philippine Islands. Of nearly I,GO0 GOO
sauare meters. Iy344, 900 came from the
United States, says Trade Couarlig-
siorer Logan. or bleached cotton
cloths the United States supplied A.
100000 square meters out Of total
OF 1880, 600, and Of ysrn-dyed or piece
dyed cotton goods. 1900 900 ont at ~
25g .0O0 square meters. OF print cot
ton cloths the United States supplied
Sc per cent Of the total OF 3 400 900
souags meters.
New-York tribune., 1922-10-22

they came In TO them and TO include
them In shipments Of money to the re-
serve banks as they had occasion to
make such shipments. No order
against paying out gold certificates
was issued although unofficially tho
banks we're probably told to discourage
such payments. Many of them, either
because they did not comprehend the
limitation Of the instructions or be-
cause of patriotic zeal, unquestionably
exceeded th. intention of the Treasury
officials issuing the order. Actual re-
fusals to pay in gold were rare, but in
many instances the arguments against
payment were 80 strongly piled as to
the customer tantamount to refusal.
Maintenance of the gold standard
was. perhaps, most couvincingiy proved
by the readiness Of the reserve banks
at all times to pay in gold upon de-
mand The New York Federal Reserve
Bank alone during the war period paid
out many millions of dollars in gold
hut--and this is the important differ
ence from the condition existing to-day
only upon request.
The adherence to gold basis was
accepted by the public as fact, be-
cause in frequent official statements
emphasis was placed upon it. But
yellowbacks in circulation gradually
became rarity. If you wanted to send
gold abroad you, had to go through
with lot Of red tape and no end Of
applications, and, finally, you had been
a ned not to give gold pieces fol
Christmas presents. The average man
admitted the gold standard, If he
thought about it all, but-well, it
uyaan't ynffA tho ,,aoA 70 ka
Likes the Feel Of IL
Now. the "gold old days" have re-
turned, and the surprise that they have
stirred up goes to show that old hab-
its are not easil. resumed. The lay
man has become so accustomed TO re-
garding q yeilowback as having some
special attribute that he cannot quite
suppress feeling Of eletion when he
drawns one with his pay. He 10 cer-
(Cantinued oa nsxt page,