davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-01-15

mas now reached The quick and often
stage Rather than TO come into the
market at the opening of wholesale
selling season nnd 10 place orders for
the entire seasons requirements, the
buyers arc now coming to the market
at moro frequent periods. picking up
what they need for the next two. three
or four weeks. then coming to the
market again when their own stocks
begin to run low.
In the main the buyers desire that
the manufacturer take the risk Of
manufacturing or stocking goods
against possible future consumer
demand, leaving the buyer free to pur
chase the goods close to the date when
they will be required for retail sale
1t is this lack Of advance business that
troubles the manufacturer and whole
New-York tribune., 1922-01-15
Steel Trade
Hopeful, With
BetterDen1and
Sheet Mills Now Running
About Is Per Cen, of Ca
paciiy, With Indications
of Further Expansion

Spcc,ol D,epotci, 10 The 7ribDms
PITTSBURGH. Jan. ID. Business in
the steel industry is gradually broad
ening in moderate way, most of the
incoming tonnage rejecting current
needs Of consumin interests. Sheet
Mil schedules have advanced from a
low Of 20 per cent to about 10 per cent,
with Indications Of further expansion
before the end OF the month Bulk Of
the sheet tonnage calls for immediate
delivery. Some forward business is
being planned, but most of the buyine
Is OF the hand tomouth variety
more hopeful feeling prevails
among the larger Of the Independent
steel concerns for continued improve
mcnt III business than for some time
An increase in the volume of orders is
anticipated by several, while others as
Sert thcy are getting more inquiries
than for several months. A reduction
in freight rates on iron and steel BY
the railroads would start all of tive
mills going, it is contonded. This. it is
claimed, is one big drawback to pros
pcrlty and IS keeping the mills down to
low percentages of operations.
interest in Water Routes
Interest in the use of the inland
waterways system Of the country for
delivery Of steel products continues to
Increase. The Jones & I.aughljn Steel
Nonpany, which was the pioneer in
TINS heiG, IS gathering material for an
other big tow. which will move south
ward on the rivers late in the winter.
he Carnegie Steel Company is plan
ming very extensive use of the river
system in q similar manner. Tho A,ncr-
can steel and Wire Company is send
ing sevral barges south during the
forthcoming week from its Donora
works, and the National Tube Company
w'!l have one or more barges in the
same tow.
The Homestead Steel Works and the
Duquesnc plant are operating this week
on SLOW schedule. with several mills
closed down. including the 29-jnch mill
and the Howard Axle Works.
The plant of the Sharon preseod
steel Company. which manufactures
automobile frames and parts, is opcr-
atlng at approximately 80 per cent.
cfhc!als state that the outlook for
huincss IS more encouraging than al
any time within the last six months
he company does not anticipato 2nv
big release on orders until abou. neyt
March.
The American Sheet and Tinnlatc
Company is operating It's tinplatc mills
IN Farrell and New Castle at full ca
paclty, while the sheet mill in Farrell
is operating at 80 per cent capacity.
"lth prospects good for increased pro
duction within g short time The Amer
lean Steel and Wire Companv's Farrell
plant is running about rs per cent Of
capacity.
Wheeling Product ion Up
New-York tribune., 1922-01-15
Italian Bank Closes

PALERMO, Jan. ID BY The Assoc-
ated Press The Banca Cattolca di
Credito Socialc closed its doors follow
ing q run occasoned by timidity over
the general financial situation. The
banks officers are awaiting court ac-
tion before attempting to reopen.
New-York tribune., 1922-01-15
Value of Good Will
Shows Great Variation
Some Corporations Place 81 on !, !,
Statements. While Others Fix
Worth at Many Millions

BALANCE sheet boweVer formal in appearance m tb t
~ analysis statement Of opinion. IN making un a De. -
assets becomes of for the aco.r+a
translate everything into dollars and cents Cash
lends itself and cnr
almost the only under in which 4ao
eoorng Of opinion stated At The opposite ed e
list of assets good will. This purely question o.
New-York tribune., 1922-01-15
New Tax Rates for 1922
Show Important Changes
Excess Profits Repealed. but Surla~cs
Are Not Reduced Sufficiently
I" Attract Capital
By Morris F. Frey

Assfo" f'oSref G"oroaty TrSt Cou4pruy of N~p lorN
PPtAl t Congress the
taied forth the
ana the changes the the
' mat year confined administrative provisions
che and excess profits
New-York tribune., 1922-01-15
Jones Brothers Tea Sales

For December the Jones Brothers
lea Company, Inc. reported sales Of
Sl'6l6'3o1, compared with S1,724,1S5
last year In the ewtlvc months ended
December 81, sales totaled S17,3S6 800.
against s20,52s,2l1 il the preceding
New-York tribune., 1922-01-15

goods a price which leaves lttlc or
no profit for us isn't helping business
yet bach ON its Feet There ism / louc,
use IN fighting the buyer. for the greut
number 70! fms in my particular line
hns made competition exceedingly keen.
II don't cono"dc the buyer something
he simply walks away and places his
order with some firm that will 90 fur
ther than am willing to go in meeting
The hlVpP'S idea Of pricu
New-York tribune., 1922-01-15
Corporate REORGANIZATION

Probably the most Important change
IN regard to gam and loss in the eX-
change of property is that affecting
the exchange Of stock or securities in
the cas-" Of the organization. merge /
or consolldatioN OF corporations. I'm
del the former law the provisions were
complicated and unreasonable and pre-
vented corporate rcadiustment because
oi the possible imposition Of heavy
taxes on paper profits.
Under the new law no gain or loss
hall be recognized when. in the reor-
ganization Of one or moro cornora-
tIons, person receives in place Of any
stock or securities owned by him stock
or securities in u corporation a party
10 or resulting from such reorganiza-
tion.
The term ~reorganizationY as used
III the law includes merger or con-
solldatlon, decentralization or mere
change in identity, form or rlacc Of
organization Of corporation This
new prov sion VIII prove beneficial and
important IN ctfecting corporate read
Justments.
This IS Tie f5st Of q series OF H.
te'pretoiirc articles on The neu tor
lcw rriitN, To-, The yriJuuc by A1r.
frep. ctdsrs wW appear on subse-
q"cnt S"looas. Fnonciol Editor.j
New-York tribune., 1922-01-15
Some Exam, pies

Where company buys patents a
cos, figure can be ascertained bat +,
may or may not have any relation to
the value Of the assets Of the company.
There are few long csta blished manu-
featuring companies which do not
have a. real asset certain amount
of good will. On the other hand a
railroad company cannot, under the
Interstate Commerce Commission 5
rules. include good viii az an asset on
ITS balance sneec. and, except n rare
cases, 1t Is not an asset in the sense
tnat good VIII OF the American To-
Dacco Company or the American Sugar
Refining Company is an asset.
While it would be impossible to csti
mate the value of the good viii of the
National Biscuit Company. any one
even fairly familiar with it's history
and It's position among its competitors
would place the real value of its good
will at many millions OF dollars. vet on
the balance sheet the company does not
include, separately, at least, good viii
as an asset at all. Other companies,
whose good Will must be worth a great
deal Of money. carry it a. ST.
There are two aspects from which
the value OF good Will may be studied.
One IS that of the point Of view OF the
executive officer of manufacturing
company which is about to begin an ad-
vertising campaign. From this angle
it is necessary to attempt to make ex-
acty that division which is impossible
Of accurate mination-namelv. the
division OF cost of advertising between
immediate sales and laying the foun-
dation for future sales The other
angle is that of the investor who is at
tempting to form judgment as to the
true relations between the assets and
liabilities Of company in which he is,
actually or in prospect, interested. II
is from this angle that the que stion is
New-York tribune., 1922-01-15

stituted and having the same income
would pay corporation income tax Of
$3.50. and the individual partners
would be subject 20 surtaN on any
amount OF the corporation profits dis
tflbufpG a uiviCrrGs
New-York tribune., 1922-01-15

reducing our deficits by the use Of :
cheaper method o. transportation V,
shall certainly utilize it.
No reduction in the wages per mar
VIII be made under the system o.
operating motor busscs, but costs OF
operation will be materially lowered
because Of the fewer number of mer
required to operate motor bus com
pared with the number needed to rur
locomotives and passenger coach"
For Freight Serrice
The motor rail bus. with a suitably
designed body, may be used for carry
ing freight, baggage or mail. or thc
rear of the body may be assigned to
paggage reducing the passenger space
accordingly. The car may be equipped d
with long windows, permitting it's use
1or inspection purposes. 1t may also
pc used with work body for trans
porting switchmen. 1t is said for the
car that 1T has the simplicity of opera
.Ion or passenger automobile, with
motor truck. .
with respect to costs of operation a
prospectus issued by the International
motor Truck Company SAYS:
As rule. statements Of operation
costs are viewed with suspicion. and
are therefore. avoided. SO much de-
pends on local operating conditions.
such as the price of labor, the numbcr r
or the crew required. the condition Of
the track. the local price Of gasoline. oil
ana other supplies, the amount of time
gwen to inspection and cleaning. etc.
that 1t is difficult to determine operat-
ing costs in advance
Each locality as rule. requires
special study with a view to local con-
d't'ons and methods of operation. but
FOR general purposes the prospective
purchaser. who desires to estimate in
advance the cost Of operating a car Of
this character. can assume that the car
VIII run nine miles on one gallon of
gasoline and will consume one quart
OF lubricating oil each 200 milns
New-York tribune., 1922-01-15

The buyers now here are placing
few advance orders, but they are buy
ing goods for immediate and nearby
delivery. Those manufacturers and
wholesalers that are fortunate enough
to have made up goods in stock that
contain tho style element desired by
buyers and a. prices that suit the
buyers fancy are booking fair busi-
ness.
Last week the retail buyers were in
the prcnonderance. This week Will see
a great increase in the number OF
buyers for the wholesale dry goods
houses here About 800 such buyers
are expected here to attend the an
nual contention of the National Whole
sale Dry Goods Association. Sellers
Of cottons. silks and woolens arc count
ing on the influx Of these whoIcs g
buyers to bring up their sales totals
Tor the month
New-York tribune., 1922-01-15

Of lend sewn. This is minor detail.
Of course. and by using machinery for
making those buttonhUles We had cut
down tho cost of production slightly.
a"d YOU manufacturers know how nee
cssary it is to reduce costs at present.
Well this particular chap discovered
those machinc-nadc buttonholes
which in no way affected the wearing
qualities or ft of the suits. and back
they all came. suspect that he had
discovered some other manufacturer
who was selling slightly cheaper than
was. so he returned our goods and
bought the others"
At Mercy Of Euyers
1--WE clothing manufacturers. ex-
planned New York man, "havc been
and still arc at the mercy Of the
buyers. The buyer now makes the
t.ce: we don't. Last year we figured
that the buyers were unwilling to place
big orders in advance, so we took the
risk and made up clothing for stock.
The buyers held off long enough to
really break the market. and they are
trying the same thing again. They np-
pear TO be sizing up the present situa
ton now, shopping around the market
and buying only meager quantities.
Ihen, when the smaller manufacturer
With only a limited capital finds him
self pressed for MONEY, he will let the
buver make his price,
These are extreme views, and arc
not shared by all sellers, but the fact
remains that the buyers. even though
'hey are in the market in large num-
bcrs. are not buying in sufficient quan-
titles to give much encouragement to
the manufacturers and Wholesalers
Buying, according to the merchandiss 50
manager Of large buying organiza-
iion formed by seYcral rc,aU stnrns
New-York tribune., 1922-01-15
individual Bank figures

trust Gl pnt1pa tens for eek Of banks n
Bank: 'oo
New-York tribune., 1922-01-15


arc a great varisty Of accounts. IN
clnding plant and fixtures. inven'ories
investments. ctc, For plant and equi D.
ment cost, less fair depreciation, I.
recognized as the sound method ol
statement for balance sheet nurpoecs
For inventories. cost or market price
" whichever is the lower. For invest
ments the sam" principle is applied.
For good will, however. which g"n.
orally is Jumped in with trademarks
patents. etc, the same method canno'
b" applied. The cost Of good viii tc
the Coca-Cola Company, for instance
cannot be determined. There is nc
way o. dividing the amount spent on
advertising a ; between the purpose o.
affecting immediate sales which j.
properly current expense. and the
mount which ight fairly be charged
against capital account in building ~
OpcI ,rilf
New-York tribune., 1922-01-15

mt
In Time
NJ Fed "'" uepostores
New-York tribune., 1922-01-15

Loans, Dissent,
estnlcnts.
New-York tribune., 1922-01-15

S'94+so
oreignc
~ sSS"'s'o' ' reserv
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-07-19
N PAEEIST EXPELLED.

VIENNA, July 19-Countess
Hetta Trauberg. the German pa
cifist who was interned by the
Germans during the late war be
cause she condemned submarine
warfare, the deportation Of Bel
gian and French women and
children, and the treatr1en or
Allied prisoners. has been eXPel--
led from Germany because shs
still persists in her peace Spropa-|
ganda. = Y
where she is compiling book,
deriving much of her material
from the archives of Vienna. she
is said to have secured war letters
exchanged between the Emperor error
Of Russia, Emperor William OF
Germany and the Austrian Elm
.peror. Francis Joseph.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-07-19

One OF the important crises in
the life OF any political writer =
the advent Of a new and entirely
unknown actor in the candidates
company when the curtain is ris-
ing on the campaign drama.
should it so happen to turn out
a drama instead of a. farce. The
whole tribe of scri bes whose spe-
cialty is politics recall with a
gooseflesh sensation what they
were put up against when ma
tional convention up and nominal
ed the late Henry Gassaway Davis
for Vice Presid ent. More recently,
and nearer home, when the wires
flashed in flue-flame letters the
name Of Charles Frederick Ed
wards of Huntington, as a candi-
date for United States senator.
there was panic. Who's Edwards?
Mr.. Edwards, Kind and generous
soul that he has shown himself
to be, has fully answered that un-
iversal question in pictured adj
vertisements foot high wherever
in the good old state a printing
press runs. More recently than
that. still, Miss Hattie Stein drop
ped into the politics Of the sixth
congressional district with the
3suddenness and unexpectedness of
a visitor from Mars or some other
planet in skyland. She wants to
displace that most worthy and
competent lawmaker. Leonard
Sidney Echols- Who is Hattie
Stein? That is question that
hasn't. as yet. been answered to
the full satisfaction or West Vir-
ginians with a Washington adj
dress. It is still being "rut." in
particularly to any one arriving
from the sixth district. Without
aiming to be facetious. but stat
ing truth by q veteran devotee
of the art Of accurate and artistic
political clIoricling, we pe.sr in
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-07-19
RUSSIAN S
81 PA DEB IFS DIRECT

THE HAGUE, July 10 News
proposals In connection with the
Russian affairs have been pro-
posed at the conference today.
The Russians propose negotiating
directly with foreigners for the
spaymentfof compensation for con.
fiscated5 property and with bond
holders for settlement Of the Rus
sian debt.
The Russians proposed that all
the de1egations submit the pro-
ject to their respective govern
ments and await an answer for
one week at the Hague The
Russians for the time being
dropped the question of credits as
they said, the non-Russians had
declined credits.
sf It was announced that the non
Russian Representatives would
meet later to discuss the disposal.
Russia, her representatives said,
would engage to make arrange
ments with foreign claimants
within two years.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-07-19
PERSONALS

Mrs. III. H. Skiles has gone to
Pittsburgh to visit relatives.
Robert Heron is on a business
trip to Richmond and other south
ern cities.
Miss Jessie Radford is i'll at
her home on Wabash street.
Miss Helen Shuttelworth, who
is student at the Fairmont State
Normal School. spent the week
end with friends in Clarksburg.
Mrs Charles Hodges and chill
dren and Mr.. and Mrs. Hood Sat-
terrified spent the weekend with
Mr.. and Mrs. J. H Hodges at
Pittsburgh
Miss. Mary Watson is spending
several days with relatives at
Shinnston.
Mrs. F. S. Pollitt and daughter,
Miss Ruth Po1litt, who were the
guests of Mr.. and Mrs. r. "A.
Watts and daughter, Miss Sarah,
and other friends in this city, left
today for Wheeling where they
will visit before returning to
Huntington.
Minor Hurst OF Watson is the
guest of his son, Berry Hurst, at
Baxter and of his daughter, Miss
Hurst, who is attending the Fair
mont Normal summer school,
FIX Miss Sara Deveny has returned
from a visit with friends at
Ohio. Miss Deveny
motored there with a party from
Grafton.
vi Ted Bates and G.. K. Birbridge,
the former Of New Haven and the
latter OF New York, who were the
guests Of Paul Hutchinson at Son
inencroft, left here this morning in
an autom obile for Dayton, Ohio,
and townsville, Ky.
Mrs. w. II. Miller has returned
from a visit with relatives at
sharpsburg. Md.
Mrs. Cora Bishop has returned
to her home on Main street from
Cook Hospital, where she under
went an operation for an infected
wrist.
Marjorie EloIse. little daughter
Of Mr.. and Mrs. William H. Muir
ply. is very ill at the home of her
GRANDPARENTS. Mr. and Mrs. y. c..
Kerns OF Walnut avenue. Miss
Laura Baker, a trained nurse, Is N
attendance.
Ward Hamilton and little daugh-
ter. Mary Louise and son Jimmie
have arrived here from their home
at San Francisco, Cal, and arg
guests OF Mr.. and Mrs. H. r.
Jones. Mr.. Hamilton is a.brother
OF Mrs. Jones' They came here to
see the formers father, James
Hamilton, who is III. II
Mrs Fred Turner OF Belmont,
Ohio. is the guest of Mr.. and Mrs.
Charles Shaver at their home on
View avenue.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-07-19
MANY ATTEN y N We On
MRS. POLLING HERE DAY Nc
7III5 - 81 n
The fureraJ&0fM Mrs

The funeral Of ~: PSolS;s
ing. whose death occurred 81 nsSS
day evening at Cook IIospitah
was held at 3 so clock ~ 81 ttsTsa
noon from the South Ietho
dist Episcopal Church on Iys
mont avenue, 49,
The services werescu d1ctedAbys
the Rev r. Z. Brown,Hp astoTsoff9s
the church, and burial as made
in Woodlawns Cemetery ssssl
An escort from the Rebekahs
Lodge and from Hope sInplsMol
the Pythian Sisters, OF clSso ~ Nh
ganizations the deceaseds
member, accompanied the@b odysstos
the church and Genet Ehss||
services were largely attended;s
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-07-19
Social Calender.
Wednesday
notEOtherwfse.

u II! sa II ssbg
The T. ~ s. Club viii meet at
M. NJ Foster on the Valley River.
Members of the woodland Ma.
ture Club Of the First Methodist
Episcopal Church will meet at the
church at 8 in the mornin and
ner.
Thursday
The Ladies Auxiliary of the
the church library at $3.50.
The Ladies Aid Society OF the
Williams Memorial Church will
The young peoples hike that
was called off last week on &C
count Of rain will take place at 9
leave the First Baptist Church at
- p. NJ
A dance will be held at the
I Coun try Club.
Patrols No. 3, 4, and 5. Of the
first M. E. Church will go to the
camp grounds FIR an overnight
hike. The girls will leave tbs
church at S p. m
III. The choir Of the First Baptist
Church will lave practice at the
home of Mrs H. VI Horner at
The Junior Missionary Society
OF the Williams Memorial Church
will meet at the church at 1880 -.
Z There will be a dance at the
Country Club from $3.50 to IL.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-07-19

4 hs gexeapt ion ts al ms pIossihE
Ethe garden NOV Tenant
|its haiEhts she was onas Sthesl eanss
Fers in the countf idesscarnpa1E1as
to increase food stuns rod1tctinns
as one means chsckingthes
of the submarine.
| "A IA native OF Wal rem
Of her relatives and sscendan ts
live, She had wenty-si xgmanso asre
family at the front an the Esrltlsn
armi es. During the last ~ years
Of her lie Mrs. Edward sEgEadualty
lost her use or q the BngI isha
guage and went back@to StheSsNVa
OF her girlhood hi ss
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-07-19

Eli %Iong@expeT #kneWs but
sone sStsin#w iguredS I'm Vest
Virginia poll ticss gu too, !
nosdoubt remember him we il He
was Cold Stein. tt cannotsbe% hat
he Is of Il the same family as the
fairssex. sixtt,s Congressional can
,didate. for when he died all his
family died with N. legally. e
not OF erwise @
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-07-19
lZII]XlIlhysEII ON NEWS
~ GOSSIP -

are taken in vain every day by
fsmall-bore5 politicians do not re-
turn and whack these persons
over the head with a tambourine
is almost-as Anstole France re-
marked in an essay on F1aubert
lis almost an argument against
the immortalityEo of the soul.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-07-19
-AeEn- wAR GARpENER OEAp.-

IoBERLIN, Ohio. July 19--Mlrs.
Rachel Edwards, who died here re-
Gently at the age of IS, was not oniy
the oldest resident Of O5erl1n, but
she was the oldest and proDa piY
the best known war gardener.
For ninety years Of her lifetime
Mrs. Edwards had her own garden
and did all the work herself with
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-07-19
Family Reunion.

A reunion was held last Sunday
at the home Of the late Mrs. Nancy
Snoderly. when her children and
grandchildren gathered together
and spent the day. A fine picnic
dinner was partaken of and a pleas
ant day was spent by the following:
J. C. Snoderly, Mr.. and Mrs. -. N.
Snoderly, Mr.. and Mrs. Fred
Snoderly, Mr.. and Mrs. Ezra Snod-
erly, Mr.. and Mrs. Howard Snoder-
1y, Mr.. and Mrs. Joe Blend, Mr..
and Mrs. French Barnes, Mel.
Toothman, Nelson HOLIDAY. The
grandchildren present were Mrs.
Jarvis Straight, Mrs. William Heck
er, Edmus, Junior, OLIVIER and Ed
mund Snoder1y, Oleto and Grace
Snoderly, Lucy, Mary. Harry and
Nell Board, Mr.. and Mrs. Roy Pyles.
Mildred, Virginia, Leonard, Jose
phine and Denver Pyles. Claude,
Clark, Ruth and Glenn Bland, Ida.
Nancy, Fred and Nora Toothman,
Maxine and Marshall Barnes, Irene
Holiday.
The great grandchildren were
Ruby Pyles, Fay, Chester and
Ralph Straight, and Pauline Hack
'er.s The friends present were MIR.
ana MrS. Elmer WILCOX, MIS- ftulu
,Cutlip, Mrs.. Elizabeth Wilcox,
Mrs. Surmar Roberts, Mr.. and
Mrs Isaac Riggs. Mr.. and Mrs.
Hugh Riggs, John and Ezra Riggs.
Mr.. and Mrs. Frank Morgan,
Francis, John and Morgan Nor
gan, Mr.. and Mrs. Joe Board, Ken
meth and Idrts Board, Mr. and Mrs.
Henry Shreeves, Charles and Lee
ona Shreeves, Joe Ward and Alice
Wilcox.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-07-19
llOCAlI SOOIAll EN lENTEs|
Married oday,;,,.

f M arrIed III oday.
George q. Hende and Miss
Virginia hitehairf were
ssmarried this morning shortly be:
sforeS12 O'clock at the parsonage OF
the Officiating ministe the Rev:
w. Eddy, in Walnut avenue.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-07-19
MAJOR OPERATION

Mrs. f. c. Freeland, colored,
underwent major operation to-
day at Cook Hospital.