davidaulloa/AmericanStories huggingface dataset:
The Bossier banner., 1922-06-01
sHERIFFs SALE.


Mrs. Henricsta r. Pyerer rs W. G. Ircy.
No. S6SI In Second Distrjct Court, Bos-
sier Parrish. L0MisianG.
BY virtue OF a writ of feri facigs, from the
Honorable Second District Court, Of Bos-
sicr Parish, Louisiana, In the ahove mum
bered and entitled cause, have seized and
will sell at public auction, for cash, without
the benefit OF appraisement, ana according
to law. at the principal front door OF the
Court House Of Bossfer Parish, Louisiana,
during the legal hours OF sale, on Saturday,
juno "a, 1922, the following described
property, t0-icif.
The west half OF southwest quarter Of
section Is, west half OF northw EST quarter
Of section "A and so acres in the southeast
quarter OF section ~. all In township 21,
north, range IA, west, Bossier Parish, Lou
isiana, and being total Of 100 acres.
Said property to be sold Ms belonging TO
the above named defendant, to pay the debt
specified in said writ, as we'll as all cost Of
suit. r. II. ADArR,
Sheriff and e<o9lcio A,ictioneer.
May Is. 1922. fjune 20
The Bossier banner., 1922-06-01
70 THE PUBLIC,

THE Parish Board Of Equalization will re-
view the assessment Of the Parish OF Isos-
sier for a twenty day period, beginning the
18th day OF May, ut the Assessors OGice,
In the town OF Benton. Any taxpayer hay-
Ing Il complaint to make or q suggestion
20 offer is invited to be present during this
session
At this time the Parish Beard tf EquaIi-
zation will review the values fixed by the
Assessor and taxpayers, after which they
will instruct the Assessor to proceed with
his work. All Taxpayers falling to make
complaint during this review viii be barred
nature regarding taxes tor 1871
EHAETT y, TArLoa. Assessor.
lfay IL, 1921 f5nne II
The Bossier banner., 1922-06-01
STIERIFFS SALE.

Felir Weilfer rersus A. J. ChiIders ct al
No. 1861. I'm Second District Court, Bos-
sier Parish. AoMisjGng,
BIZ virtue Of a writ Of feri facias, from the
Honorable SECOND District Court, Of Bos.
sier Parish, Louisiana, in the above mum
bered and entitled cause, have seized and
Will sell at public auction, for cash, without
the benefit Of appraisement. and according
to law, at the principal front door Of the
Court House Of Bossier Parish, Louisiana,
during the legal hours Of sale, on Saturday;
June 10, 1922, the following described prop.
erty, to-teit
Let's a2 and Il af section II. township
16 range II, Of Basster t.arlsh, Louisiana,
as per map Of G. d, Alexander and J. NJ.
Davies, survey Of I.evee Board lands, re.
corded IN Bossier Parish, Louisiana, said
description containing IS acres, more OF
less, together with all buildings and I'm
provements thereon.
Said property to be sold as belonging to
the above named defendants, to pay the debt
specified In said writ, as well as all cost Of
suit. ]. f. ApAIR.
Sheriff and er-o1tcio Auctioneer.
May 4, 1922. [june 81
The Bossier banner., 1922-06-01

RUSS "VNtu 7aeuSC AOdvos OOuS
Days Work in the Field Than
Write a Letter.
letter but Gardiner insisted It must
be done BY him. Much of the after
noon was spent lp the struggle. and
GaYdiner's fertile imagination had to
be appealed to at several critical
points. But at last the lettar was
completed. 1t ran az follows:
John Harris ESQ
.'pIanvil man
.sir take up my pen to let you no that
am all well hoppin this will find you
the same well this is crate contry
their Is sure big out ov doors well
mr. Harris think see something here
4 hole lot better than years on
homestead hamsteads is all rite for men
that Hasunt got any Hapy bnt man
with sum mony can do better ! wisbt
Had sold my plase before | left 4
could av done we'll here their Is lots
oy chantaz to make big Mony their Is
q man here owns cole mine be ID
what they cal Xsentrik He Is Her.
mitt and lives in the Hills His mine Is
wurth 50O000$ but be don't no It He
will take 80O0O$ for 1t and We can se)l
II rite away for perhaps 5OOOOO$ Z
think we should take this up It is
crate chants Il you will sell your phase
rite away and bring all the mony you
can then will sell mine for the bal
luas be sure and bring al the mony
you can Il you don't like the cole mine
there Is lots Of other chantez they viii
make yoD rich and bring the m0ny in
bills not chex because He wont take
chex becafs He Is Xsentrik their is q
man here sails His friend In new york
would pay 5OO0O0$ for the cole mine ii
he was here and He is sending Him
word SO Hurry and lei us get holt ov 1t
furst then we'll sell It to Him and
make killing dont fale.
syour obedyupt seryupt
''HIRAM RHEs."
Gardiner read the letter carefully,
suppressing his amusement over Rlles'
wrestlings with the language, and
finally gave his approval.
Now, you must make copy OF IT,"
be said. IT'S only business to have
copy. That was fine touch of yours
about going back to sell your own
farm. ! believe you have some Inn
agiaati0n after all, Il It only had
chance to sproat.n 2
Riles protested about the labor OF
making copy, but Gardiner insisted.
and al last the work was completed.
The sound OF galloping hoofs was
heard outside. and cowboy from
neighboring ranch called at the door
to ask II there was anything wanted
from town. Here's your chance to
mail your letter" Gardiner called to
Riles with unnecessary l0udness. Mr..
sRiies dropped In here to write d let
ter" he explained to the rider.
Having with much difficulty folded
his epistle until II could be crumpled
into an envelope, Riles sealed, stamped
and addressed It, and d moment later
the dust was rising down the trail as
the cowboy bore the fatal nlissive to
Town. The die was cast the match
had been get to the tinder, and the
iire must now burn through TO I'm
Ish. let It scorch whom II would
Gardiner took up the copy fnl.led Il
carefully. and put Il in his pocket
book Now. Mr.. Rites. i. he raid, &
s1e.re q for th1s thine. ard thersS
The Washington times., 1922-01-01

i, contracts Of SOC. 900 men expire In the
soft coal fields. Most of these mer
receive high wages when they work
when they work. But some of them
have worked for only seventeen hours
week. So the coal industry IL threat
ened with strike such as FRUSTRATED
English industry for weeks ana cost
Great Britain hundreds of millions
What can be done to avert q strikel
In general nobody knows. with no
real information about the issue al
stake said Senator Frelinghuysen
last week. about wages, about cost
about profits, about supply and de.
mand. we. the public. are in the worst
possible state to meet the issue. We
are IN the dark. Whyf There is no
answer that tells the story.
To get answers to such ouestions-
to inform business men and bo,,se.
holders what they have to expect re-.
garding the fuel which In q necessitv
or life and busihess-there IL a bin
favor.
1t provides that the Secretary Of
commerce use a few thousand dol.
lars to learn and publish the facts
ABOUT the mining Of coal, wares of
miners, profits of the Companies. cost
OF production and the supply on hand
II coal 10 as important to business
as railroad transportation-and Il Is
II coal prices mean as much to bust.
ness as freight rates-and they do
this bill. II made law. would be a.
beneficial to business as It would be
harmless to any honest coal company.
II Is only publicity bill. It does not
mean naturalization or even regula.
tion. IL means only that American
business, which depends on coal. shaII
know something about the preaent
and future conditions of obtaining and
paying for this necessity of industry,
employment and prosperity.
No Hard Coal Shortage.
Most Of the foregoing statements
concern soft coal. They apply with
almost equal force to the hard coal
situation. The bill TO secure and pub
fish the facts, of course, covers both
sorts OF fuel. Nor are the grievance.
OF the man who pays SIS or SIC or 81
ton Tor hard coal. whether IN bust
ness or at nome. any easier 10 bea,
than those Of the soft coal consumer,
There In no shortage OF hard coal
There is plenty of it. But at that
while other prices either have been
falling. hard coal prices either have re.
NAMED stationary or have conc up
Why? Again nobody gives an answer
that explains. Senator Frelinghuyser
has given these facts:
A company that had paid a Is DEF
cent dividend for ten years, paid on
last March Il, a cash dividend Of l5(
per cent and three weeks AFRO paid
another cash dividend of 7 per cent. OF
$35 on every $50 share.
Another company in 1915 paid 20
per cent dividends and 100 per cent In
1917. In 1920 the same company paid
10 per cent cash and rs per cent stock
dividend.
How can these things be without
raising excessively the prices Of hard
coal? The bill in Congress is intended
to reveal the mystery.
The Government had tried to get the
facts from the coal company. The
companies, says the Senator, have re-
fused to give them.
To correct this atrocious situation
the Governments publicity bill was
introduced. II business men do not
exert themselves to pass It, theirs will
be both the blame and the penalty.
The Washington times., 1922-01-01

IS We have In this country half the
known coal in the world. We have
miners who take out more coal per
man than any other miners in the
worid--three or four times more than
British miners. Yet England sells
coal for less in Cuba. In Hawaii, even
of late in California. Why? There Is
no answer that explains.
The world wants coal. 1t should
want our coal. Yet this year, up to
November 20, we produced $4,000 900
fewer tons Of soft coal than normal;
.123, 900 900 fewer than in 1920. Why?
On account of the business depres-
sion, for one reason. Also on account
of other conditions. What are those
conditions? There is no answer that
fully explains.
Labor Emergency Ahead.
A big labor emergency is ahead in
the soft coal industry. The old wage
The Washington times., 1922-01-01

II was not long. however, before the
changed conditions in business, disap-
pointment over promises Of reduced
labor cost and q strange attitude on
the part Of the banking managers of
the country to continually contract
banking accommodations by the pay
ment OF Indebtedness to the Federal
reserve institutions, practically cholked
OH everything In the shape OF an i'm
proving tendency and was effective In
causing the lowest prices for over two
years 70 be established In the security
trading groups generally during the
spring and summer months.
Important issues like the leading
steel industrials led the way for the
general list. but United States Steel
proved to be an anchor. holding the
market generally in q safe position.
That leading industrial from q high Of
the year Of ssh early In May yielded
to TON late In June. but although It's
statements for the succeeding quarters
Of the year showed steel business at its
lowest ebb since 1904. the market posi-
ton of this stock improved until at
the end Of the year II was back TO
around the highest level established
In the first week Of May.
There were other industrials. how
ever. that suffered a crumbling away
OF values without prospect Of recov-
cry in the near future. Among these
was American Sugar Refining, which
sold down from 90 In January to a
new low record Of an in October. In
the preceding year this stock had sold
a. high a. 142x. The changed condi-
lions had a more direct influence on
the stock Of this and other sugar is
sues than on any other Industrial
group. and was the definite result of
the collapse in the sugar industry
which was indicated by the decline In
the price Of refined sugar to below
s cents a pound after starting the
year at cents q pound, and having
been acquired at prices apparently
representing q value Of around 30
cents a pound In 1920.
After the low prices were recorded
in the period ranging from early In
June to near the end Of August, Sc
curity values started upward. The
situation was steadily strengthened
At frequent intervals by evidence of
The Washington times., 1922-01-01
RESERVE NOTE
REDUCTION IS
1921 FEATURE
Gov. Harding characterizes Ad-
dition to Gold Reserve and
Liquidation 40 Factors.

Loan liquidation. practically con.
tinuous during the year under re-
view, large accessions to gold re-
serves Of gold Of foreign origin, and
reduction BY over Is per cent IN the
volume Of Federal reserve note cir
culation. are the outstanding features
of development in the Federal reserve
banking field during the calendar
year about to close, according TO
W. p. 9. Harding. governor Of the
Federal Reserve Board.
Federal Reserve banks reflect main
ly the Industrial depression and price
recession during the first part Of the
year and only to small extent
changes In the credit policy Of the
board. The year saw q considerable
reduction OF Federal Reserve Bank
discount rates, the abolition Of grad.
uated or progressive discount rates,
which were maintained at the begin.
ming Of the year by three reserve
banks. and the final elimination Of
differential rates on paper secured
by Government obligations.
Furthermore, the volume OF out
standing Government securities was
diminished and easier conditions In
the money market resulted in In.
CTodSiHB proportions OF the successive
issues Of Treasury certificates and
notes being absorbed by the invest
ing public. As a consequence. the
total amount Of Government paper
held shows a decrease from S1,I4l,-
000, 900 to $4s7. 200 900, while the pro-
portion Of Government paper to total
paper held by the Federal
Reserve banks on December 20 was
Al per cent. compared with almost
4s per cent on the first Friday of
the year.
OF the total Of Government paper
held on the last Wednesday of the
year, $346. 400. 900. or TOO per cent,
was secured by Liberty and other
United States bonds. compared with
$S47 800 900. or ST. per cent Of the
total held at the close Of the first
repo6I week in the year; s68. 700 900,
or 1877 per cent, by Victory notes,
compared with S3li zoo. 900. or 2s.c
per cent. on January 7, and $&9,100..
600, or 1o.1 per cent, by Treasury
certificates. compared with $t45.500,.
900, or 13.1 per cent, the reserve
banks in addition holding about the
close Of the year S2s,000.000 of bills
secured by United States Treasury
notes.
Reserve bank holdings of other dis
counted bills. which about the opening
The Washington times., 1922-01-01

mercial and financial factors. The
year 1921 has witnessed q very marked
snd definite cut In the cost Of borrow.
ing. which has affected not only short
tsrm paper but also long term or in.
vestment securities. 1t has lowered
the rate Of yield on the latter and On.
HANGED their price while It has rem.
dered possible the issuance Of new
securities at a lower price than was
within reach at any time In the recent
past. There II every reason to expect
q downward tendency in money to con-
tinue into the New Year. This fore
cast. however, should be taken with
some limitation. The Treasury De-
partment has large maturities to meet
early in the year and In well known
10 be working upon plans for the re-
funding of debt. II cannot expect to
float great quantities Of securities
much below the best figures II now
obtains. There Ii no reason to suppose
that the banks will cut call or other
rates. save on the most temporary
be realized on Government obligaa.
tons. Stabilized money with a rate
representing reasonable but not un.
duly low costs IL the prospect for the
coming year, and II II one which
promises we'll for the activity Of the
market since there Ia no reason to
doubt the ability Of our banking sys-
tenn to supply funds in any necessary
amount for every legitimate purpose.
Market Review and Outlook.
Starting with the extremely low
values which had been established
at the close Of 1920, due partly to
the business collapse. partly to sales
of securities designed to record losses
for taxation, and partly to other
temporary factors, trading during
the year has been climbing steadily
upward in volume while values have
been steadily advanced. The improve.
ment has been particularly note
worthy In the more conservative pre-.
ferred stocks and, of course, in
bonds. especially the Governments
own issues, which have come back
well toward normal levels. The pub
lie, which left the market In fright at
the close Of last year, has Of late
been returning and a substantial de-
gree of investment support In now
witnessed in many branches. These
conditions may be expected to con.
tinue during the coming months.
public policy and unex.
pected misfortunes to general bust.
ness may cause temporary setbacks.
but the market trend 10 now quite
definitely upward. The extension Of
the strength Of the situation from
bonds and preferred stocks to the
less conservative elements in the Sc
,urities list may be looked for, the !
more 20 a. early restoration of divi. !
lends by good many concerns
which have suspended or reduced |
hem 10 now to be predicted.
HENRY CLEw0 !
The Washington times., 1922-01-01

l The encoura gtng factor upon which
all progress for 1892 will be built ID
4 the fact that business In evidently faI
more nearly stabilized than at any
time since the opening Of the war
Prices during the past three months
have been practically free from fluc'
tuation of any considerable amount.
remaining fixed at 40 per cent above
pre.war levels. Elimination Of much
Of the unsound element in our bank
portfolios has strengthened the credit
situation, while many industrial con-
Germs have written off losses and put
themselves into good condition to meet
competitive conditions during the corr.
ing year. Some industries are fully
readjusted to new conditions. promi-
nent among them being agriculture,
while In not a few Manufacturing
lines the evident reduction OF raw
material to a permanent basis OF
price has been accompanied by a:
least q reasonable readjustment OF
wages, thereby rendering q larger vo..
ume Of trade practicable.
Increase Of Production.
According to recent estimates Of the
Census Bureau the years output of
manufactured products for 1919 was
SCI, 000, 000, 900; and on this basis tho
output for 1921 may amount to Sst.-
000. 900 900, while that for 1922 may
be as high as $4b, 600, 900 900. This Is
y forecast, and a. such subject to
modification, but the facts already at
hand show that with rising prices In
copper, cotton, and In many other
basic materials q good demand for sx.
.sting Accommodations may be looked
for, the product taken of the market
being at once used to work UP finished
goods for immediate sale. In fact.
during the year 1891 there has been
q very great depletion, both Of stockk
Of raw materials held over from the
preceding year and Of manufactured
commodities which were being carrfsd
by sellers, in many cases, at or nenr
the old prices at which they had been
acquired. The last two months Of the
year have shown O very decided al
vance In the activity Of business. and
there In every reason to suppose that
this viii continue and grow more pro.
nounced as the New Year grows older.
Particularly In steel has the founda-
ton been laid for q decided revival
whose beginnings are already evident,
proceeding as they do from an In
creased necessity for building materials
snd for railroad construction. The
railroads themselves, although they
rave had by no means an easy year
ere now looking forward to distinctly
better conditions basing their hopes
rot only upon the larger returns Of
the past few months, but upon the
growth OF conservatism among the
public.
Money Situation EncouraGins.
In money and banking the outlook |
10 a. encouraginG - anywhere |
throughout the whole range OF com
The Washington times., 1922-01-01

Of the year totaled 81 SITS, 100, 900, show
a reduction to es92. 10000 a. the re-
suit Of gradual LIQUIDATION during the
year.
Holdings of bills purchased in open
market show continuous decline from
f284, 800, 900 on January TO SIS. 400, 900
on the last Wednesday In July. This
decline reflects the reduction In the
supply Of bankers' acceptances based
larger demand for this class OF paper
by the commercial and savings banks,
an well a. corporate and individual In
yestors. caused by the greater abund-
dance Of short-time investment funds.
since early August the Federal re-
serve bank holdings Of these bills have
shown some increase, while during the
last month Of the year there has taken
place q rapid accumulation of this
paper In the portfolios Of the Federal
reserve banks. due to the relatively
high call money rates In the New York
market, and the low rates on this class
If paper prevailing In the open market.
The decrease in Federal Reserve
Rank holdings Of purchased bills from
$234, 800 900 on January Z to 3114.-
Zoo, 900 on December 2s corresponds
more or less to the reduction in the
49, s-s - 49,.
sctions.
Interbank accommodation during the
year III oh q InuSn saor sSIe
Esh o9s .ne pns yea wnon
the ,nnc sn va =. IL III ~
IN ~ ING 49, VI nu.nt oo u.
nnss ~ 80 az,
s Sea'svo'o"0' wine IN ti ne pean VI
S,oo.svv,ooo 80. eI al s.y;
, SIS 'n. II
n%.,.' Sa.o.. ..a LII. D 20 NV .,s. .,,
FL. Flu y ss ..oss y, 'e .SS -,
WIG .na s.sSn-..s s.i,,
po's sns .o ,.,e ms 49,
Ia snsn reses p os aurs, az
ex.o o.oa 20 ~ ..no arn
81 49,. NJ, VIZ. 90 Cn.,.,auS 1
VI 49, . s S,,.Lr.
~ ss se In, - an w. go shnn.
80 p,ohn,nrS kt,snta MUnn.. Md.
The Washington times., 1922-01-01

a huge accumulation Of funds seek.
ing investment which could BE- defl.
nitely measured by large overalb-
scrtptions to various issues Of short
term notes and long.term bonds. The
overflow Of subscriptions to these
bond issues was diverted I'm the lat
ter part of the par to the buying Of
the better class of dividend-paying
railroad shares. Many of these Is
sues moved up with a good deal Of
ugor in the last two months Of the
year, but did not reach the levels
prevailing year ago. A feature Of
the railroad group was the drop In
Chicago. Milwaukee and 81. Paul,
which from 81 on January u dropped
to 17k late In December, the lowest
price touched by that stock since
1877.
The Washington times., 1922-01-01
Weekly Financial Reulew
BY HENRY oLEWs.
Of Henry Clews & Co., New York Bankers.
NEW YORK, Dec. 81, 1921.

C.
The closing of the year 1921 fortunately and evidently
marks transition to better conditions both business
industry and finance The outlook for the year 1922
honestly and positively be described improved 1t is not
all that could be hoped and the prospects clearly point to
gradual rather than to sudden 'boom' development
during the New Year Enough is however, already known
of what is to come both in domestic and foreign affairs to
make certain that conditions will develop prosper
ously under safe and conservative public and private fnan
cial policy than has been possible during 1921.
The Washington times., 1922-01-01
LATEST NEWS
IF FINANCIAL WORLD
Liquidation Features
Year in Wall Street
Adjustment in All Security Markets and In Operates
Affecting World Markets Noted.
BY MAX KASE.

Ens.eal Il dfer. u h. 81
NEW YORK, Dec 31.-Nineteen hundred and twerty-cus
year Of liquidation and adjustment in all security
markets and in operations generally affecting world finance
and business had been preceded by year of continuous
liquidation and decline in 1920 but at the end of that year
the market developed stronger conditions which were main
tanned until well into the first part of 1921.
The Washington times., 1922-01-01
Soft Coal Industry Is
1 Big Problem Ahead
Urge Contract of Half Million Miners Expire
i icity Bill Is Favored.
BY GEORGE w. HINMAN.

s. CHICAGO, Dec 31.-Coal and coal prices part Of
verybdys business They part Of the business in the
home and part of the business in the office They arc
talked about much prohibition disarmament But
they much less understood In fact they under
stood at all.