davidaulloa/AmericanStories huggingface dataset:
The Hartford herald. [volume] (Hartford, Ky.) 1875-1926, 1922-05-17

been pretty much the same with all Of
us. The worst Of 1t is, it looks as
though there isn't thing In the world
we can do. The country's been be-
trayed by a few blatherskites and
boneheads that had the power to do 1t,
and all we can do-we've Just got to
stand it. But there's some Americans
that aren't just standing 1t, and I
want to tell you a lot of 'em are men
from the universities. just like us.
They're over there right now; they
haven't said much-they just packed
up and went. They're flying for France
and for England and for Canada;
they're fighting under every flag on
the right side of the western front:
and they're driving ambulances at
Verdun and ammunition trucks at the
Somme. Well, there's going to be lot
more American boys on all these Jobs
mighty soon. on account Of what those
men did In congress today. II they
won't give US a chance TO do some
thing under our own flag. then Wen
have to 20 and do II under some other
flag; and l want to tell you I'm one
that's going to go! I'll stick it-out In
college up to Easter, and then II
there's still no chance to 60 under the
Stars and Stripes Ill maybe have to
go under the flag my great-great-
grandfather fought against In 1776,
but. anyhow. TIL gcI"
The Hartford herald. [volume] (Hartford, Ky.) 1875-1926, 1922-05-17

doing such a thing, are your
what such q thlngT
Fred hasn't Influenced you, has hei
You aren't planning to go with him,
are your
"where7"
ITO Join the Canadian aviation"
mo; hadn't thought of doing It."
She sighed again. relieved. IL had
queer feeling about you just then
that you were thinking Of doing some
such thing. You looked so odd-and
you're always so quiet, anybody might
not really know what to think. But
I'm not wrong about you, am I, Ram
seyr
They had come to the foot Of the
steps that led up to the entrance of
her dormitory. and their walk was at
an end. As they stopped and faced
each other, she looked at him earnest
g; bpt he did not meet the scrutiny,
his eyelids fell.
4 SIN not wrong, am I, Ramseyr
about what7" he murmured, un-
comfortably.
you are my friend, aren't youf"
yes"
"Then it's all right" she said. THAT
relieves me and makes me happier
than l was Just now, for of course If
you're my friend you wouldn't let me
make any mistake about you. I be-
lieve you, and now, just before I 90
in and we won't see much Of each
other for week-if you still want me
to go with you again next Sunday"
"Yes-won't you, pleaser'
"Yes, II you like. But want to tell
even though you don't talk much as
you say; ! count on you more thsn
do on anybody else, and I trust you
when you say you're my friend. and 1t
makes me happy.
"And I think perhaps you're right
about Fred Mitchell. Talk isn't ev-
erything, nobody knows that better
than /, who talk so much and I
think that, instead of talking to Fred,
a steady, quiet influence like yours
Woulu 10 InoIt BOOu lldn any dllOuut
Of arguing. So trust you, you see?
And I'm sorry had that queer doubt
of you" She held out her hand. "Un-
less happen to see you on the campus
for a minute, in the meantime, it's
goodbye until a week from today. SO
well, so, goodbye until theni"
wait" said Ramsey.
"What is it?'
He made great struggle. "rm not
influencing Fred not to CO." he said.
"I--don't want you to trust me to do
anything like that"
"What?"
II think It's ali right for him TO 80,
II he wants to-" Ramsey said. mis-
erably.
"You do? For him to so to fghtl'
He swallowed. Eyes"
"Oh!" she cried, turned even redder
than he, and ran up the stone steps.
But before the storm doors closed
upon her she looked down to where he
s>aed. with his eyes still lowered, a
lonely seeming figure, upon the pave.
ment below. Her voice caught upon q
sob as she spoke.
"If you feel like that, you might as
well so and enlist, yourself" she said,
The Hartford herald. [volume] (Hartford, Ky.) 1875-1926, 1922-05-17
CHAPTER XIII.

So everywhere over the country. that
winter Of 1915, there were light-heart-
ed boys skylarking-at college, or on
the farms: and In the towns the
young machinists snowballed one an
other as they came from the shops !;
while on this Sunday Of the "frat"
snow fight probably several hundreds
of thousands of youthful bachelors. be-
tween the two oceans. went walking,
like Ramsey, each with a girl who
could forget the weather. Yet boys
of nineteen and In the twenties were
not light-hearted all the time that win
ter and that spring and that summer.
Most Of them knew long. thoughtful
moments, as Ramsey did, when they
seemed to be thinking not Of girls or
work or play--nor Of anything around
them, but OF some more vital matter
or prospect. And at such times they
were grave. but hot ungentle,
For the long strain was on the coun-
Try; undsrnssth all IT. outward Seem
Ing q things going on ~ usual there
shook Z deep vibration. like the air
trembling to vast organ pipes In dia-
pasons too profound TO reach the ear
g sound; one felt. not heard. thunder
In the ground under ones feet. The
succession Of diplomatic notes came
to an end after the torpedoing Of the
ssssex; and At lsst ~ tricky raling
Germans In Berlin gave their word %
murder no more and people said ~lnls
The Hartford herald. [volume] (Hartford, Ky.) 1875-1926, 1922-05-17

means peace for America, and all Is
well for u.s." but everybody knew In
his heart that nothing was well for
us, that there was no peace.
They said, "All Is WELL" while that
thunder In the ground never ceased
It grew deeper and heavier till all
America shook with It and 1t became
slowly audible as the voice Of the old
American soil, soil wherein lay those
who had defended II aforetime, soil
that bred those who would defend It
again. for II was theirs; and the mean
ing of it-Life, Liberty, and the Pur-
suit Of Happiness-was theirs, and
theirs to defend. And they knew they
would defend 1t, and that more than
the glory of Nation was at stake.
The Freedom of Man was at stake. so,
gradually. the sacred thunder reached
the ears Of the young men and gave
them those deep moments that came to
them whether they sat In the class
room or the ceuntIHg-reea, or walked
with the pillow, or stood to the machine,
or behind the ribbon counter. Thus
the thunder shook them and tried them
and slowly came into their lives and
changed everything for them.
Hate Of the Germans was not bred !;
but a contempt for what Germany had
shown in lieu Of national heart; q
contempt as mighty and as profound
as the resolve that the German way
and the German will should not pre-.
vail In America, nor In any country of
the world that would be free. And
when the German kaiser laid his COM
mand upon America, that no American
should take his ship upon the free
seas, death being the penalty for any
who disObeyed, then the German kaiser
got his answer, not only to this new
law he had made for US, but to many
other thoughts of his. Yet the I'm
swer was for some time delayed.
There was a bitter Sunday, and its
bitterness went everywhere, to every
place In the whole world that held
high and generous hearts, Its bitter
ness came to the special meeting in
the frat hail." where there were
hearts, indeed, of that right sort, and
one Of them became vocal In its bitter
hess. This was the heart of Fred
Mitchell, who was now an. authority,
being president Of the. Junior class,
chairman of the Prom committee, and
other things pleasant to be and to live
for at his age.
For me, brothers." he said, 81 think
I'd great deal rather have been shot
through the head than heard the news
from Washington todayl I tell you,
I've spent the meanest afternoon
ever did in my life. and guess it's
New-York tribune., 1922-03-25

Question: haze been interested II sors.
Ia stern railroad stocks for Ettle Hha
end fnd the Delaware. LackeVsnna &
Ne7tern se.ws 70 be z bout as good as an
Of them right now as far as can ms
ou'. But wha' 7 you'd Ike 70 know Is
how ny bond issues is the road car
ing now, how many ciaezas OF stocl: Ia,
- got mean preferred and common.
How much is it- surplus fund and -vr,t
dividend - It paying ~ present7 Thee
nave been rumors from time 70 tine thz-
II as 70 take oyer the Nic'tsi Plate In
sIch event world ~ affect the rropevrv
one way or another, Would YOU consider
II good move % get some OF this gtoc,,
~ TINS time II there = anything vital
mat We missed please mention IT, Sec
ond what DO you think bout Iehigh Val
ley Tor long pun. and what 90 you kror
ABOUT the Pierce Arrow Company OF But
fSlo. n - "a ould IL b. worth while %
consid-- its preferred for long putt?
w. ".
Ans8er-The Delaware, Lackawanna
& Western Railroad has been referred
to as an "assembled7 system in thai
its msin operating properties consis,
Of separate roads operated under lease
There are twelve small bond issues
aggregating a little more than SST,-
100000, including bonds Guaranteed as
TO prnclpa and interest. The COM
pany has outstanding So 554 600 COM
mcn stock ana no preferred stock has
been authorized. A. the end Of 1920
the company had profit and loss sur
plus Of $70,i06000 The regular divi-
dend IS SIS share on stock OF $50 pa
value, but an extra dividend Of $3.50
q share was paid on January 90 1922.
We have heard the Nickel Plate rumor
OF winch You speak. but until there Is
some official announcement We cannot
-.
ness Of that stock. Lehigh Valley Rail
road stock is. N our opinion. suitable
as an investment fer a business man.
There are so many speculative ele
mentS in Pierce-Arrow common and
preferred that we cannot advise you
on this subjects The stocks are too
far outside the realm Of investment.
New-York tribune., 1922-03-25
I'm Wall Street
Acceptance Ruling Important

While it's immediate effect ia not
expected to be important, the new reg
uIatons issued by the Federal Reserve
Board under which banks may accept
up to 10 per cent Of their capital in
acceptance bills without awaiting doc
umentary evidence were regarded as
extremely significant in banking cir
cles yesterday. They mean the cstab-
lishmcnt of the American discount
market in relation to import and ex-
port bills on the same basis rs that
which exists in London. Acceptance
Of foreign bills can now be arranged
by cable without the delays expert
enccd under the regulations now su-
perseded and at the discretion Of the
banks here. The action Of the Federal
Reserve authorities marks another
stage in the development Of The Amer
lean bill market and indicates that it
is we'll beyond the experimental stage.
New-York tribune., 1922-03-25
Distributing Costs Hold In

Tho investor who reads that the In
tcrstatc Commerce Commission or Il
public service commission has approved
the sale of corporation issue to bank
ers at 90 and then has to pay 96 or 81
for the bonds is inclined to sympathize
With the charge that bankers are prof
itoers. The margin has increased sub
stantiaily since pro-War days, but has
only kept pace with the size of loans
marketed and the service rendered by
the bond houses. The average purchase
to-day is much smaller than used to be
The casc-a much larger number Of
buyers have to be canVassed to place q
given amount of bonds This means
the maintenance of expensive distribu-
tion machinery, the cost Of which neces-
states a considerable margin between
the price paid the borrower and the
price asked Of the public. The costs
Of Distribution one banker complained
yesterday, have not come down. but the
current competition for new business
among Investment houses frequently
operates to reduce this margin until
the profit is negligible or non-existert.
New-York tribune., 1922-03-25
Interest on Bonds Waived

2ucstior-Wul YOU l,irdly give me yo,,~
Spi.noh or the Chicago. Terre Haute &
S%gthssstern Sn1 6s 1850 Inatqri.y It IS my
a,,1ri amtnas S'ano'hg INST these bones are guar
'nt'ira raur, IT is also ~ understanding that
ttn.ttest on these bon,> has been waivsd
tE+ Ty The holders until September. i922. whe9
an'. ,4,e' ess VII begin again Can YOU give me
"n! information concerning the Dresen.
market price OF these bonds Nv. W e. -
~, .A9nswerrThere are two issues Of
Chlcago, Terre Haute & Southea> .arn
5s, due in 1860. The Chicaro Na' ~ =
WauEee & St. Paul s:-stem has assumed
LIABILITY for the payment of principal
ana interest OF botn under an agree
ment' whereby the property will be
operated by The St Paul under a lone
term lease. We judge by the nature
OF your question that the bonds Won
nave IN mind are the income 5s. You
are are correct i'll stating the interest ON
these bonds has been waived, the F;rst
nauSc.J nauS{ Company Of Chicago having an
numbered 4o and 46, for / ner re,,f
each, on September /, 1922. The nv Inv
New-York tribune., 1922-03-25
Shifting Of Credit Demand

A. tho mid March disturbance Of
money and credit conditions is cleared
away, evidence begins TO accumulate
that the seasonal shifting to meet the
agricultural spring demand is already
well under way. The movement west
ward is not yet of considerable pro
portions, but bankers in a position to
observe tho 0ow of funds reported yes
terday that it has quite certainly set
IN. This viii have an influence upon
the supply Of money for speculative
purposes. The indeX Of it's extent win
be found in the variation in The gold
settlement fund Of the Federal Reserve
Board with consequent effect upon
the statement Of condition for the Re
serve banks
New-York tribune., 1922-03-25
Tire Stock Speculative

Quostion-1s tho Hudson Tire and rub-
Der Corporation sound proposition for
IhYestment% Circular inclosed. quick
reply would be appreciated AS tho aean,4
are expected to canvass this ueighborhood
again IN few days--F. 4. p.
Answer-We do not consider stock
Of the Hudson Tire aud Rubber Corpo-
ration an investment. Examination of
the circular you inclose fails 10 re-
veal any information on the earnings
of the company. 1t apparently de
penda, upon table Of statistics show
ing the profits OF early inventors in
othef rubber companies TO sell its own
stock. We would suggest that Won
learn first what the earnings Of the
Hudson arc, since that is the stock
you are asked to buy, and not securi-
ties of the other companies.
New-York tribune., 1922-03-25
Market Street RaiivaA

Questton-Would you kindly give mo
your opinion OF Market Street RsilwaF of
San Francisco prior preferred stock. What
amount Of 9tocFs and bonds are there out
staud!ng? Would you also gite rno some
IInformation about y. V;yaudou etock -
Anawer-There are outstanding Of
Market Street Railway securities
$1t,75o,0Qo prior preferred, Sj,o0o.ooQ
preferred, s4,7oO,Oo0 second preferred
and S10,700,00o common stock. The
funded debt consists OF sf0.004 600 first
consolidation mortgage SIS. due Sopten-
Der I, 1874; s5.2Co,oO0 five year IS. due
April /, 1924, and $4,000 car trust Ger
tificates, due July ] 1921. and july 1,
1922. Y. Vivaudou, Inc, has outstand-
ing 100000 shares Of capital stock Of
no par value. The company was organ
lzcd for manufacturing perfume, toilet
water and other toilet articles. Tho
stock is listed on tho New York Stock
Exchange and enjoys d ready market.
New-York tribune., 1922-03-25
Manhattan us" Dividend

Question-Wiu you kindly give me ,onr
opinion on Manhattan Elevated stock Do
;Uu ;ini, INNS X the present dividend viii con
=, ,AnsWer-1'he outlook for Nanhattan
Elevated r;i becomes more dubious daily.
me Peterborough Rapid Transit Com
pany S guarantee of per cent annual
dividends or the stock made in 1o03
has proved SO irksome to that com
p?any that it now threatens either to
default the payment o. TO 90 into
bankruptcy. With the Manhattan'
earnings statements growing steadily
poor2r you can JUDGE for yourself the
PC s'bisity of dividend ii the Inter
borough succeeds in avoidiro is obi
eat'onS. We could not attempt to pre-
DICT That may happen.
New-York tribune., 1922-03-25
Leading Bond Irndorwr;4c~s

Quost ion-"t'l you kindly inform ma
VINO; in your opinion. ara the ten leading
syndicate managers Of bond underwritings
IN inc United States B. $. ".
Answer-Wc cannot undertake to set
down list OF the ten leading svndi-
cate managers. However, the banking
houses which have brought out the
most important bond issues during the
last twelve months are: J. 2. Morgan
& Co., Guaranty Company. National
Glty Company, Harris, Forbes & Co..
Dillon, Read e. Co. Kuhn. Loeb & Co..
tlrst National Bank of New York.
brown brothers & Co, Blair & Co.
New-York tribune., 1922-03-25
Railroad Mergers

Though The time may not yet be ripe
for the consummaton of an important
railroad merger, it is believed in rail
circles that consultations will be eff
fected some time in the future, prob
ably along the lines suggested in the
tentative Interstate Commerce Com
mission plan,
"The important fact to remember in
connection with any consolidation
scheme" said one prominent executive.
"is that, although physically merger
NAV seem feasible, yet from the fnan-
cal viewpoint consolidation would be
impracticable. This subject is one that
requires the most careful investiga-
tlon, as the rights Of security holders
must be considered from all angles"
New-York tribune., 1922-03-25
Gary'S Price Policy

The Street heard early yesterday
that Judge Gary was going to give out
a statement in the course of the day
regarding the Steel Corporations price
policy, and the assumption was that he
would announce increases similar to
those already put in force by the inde-
pendents. Buying Of the steel shares
throughout the market session was be-
lieved to have been based on the eX-
nectation OF an optimistic utterance by
Judge Gary, but careful reading shows
he believes that even present prices
do not show fair profit to the manu-
facturer. The trend is in the right di-
rection. however, and it would not be
surprising to see quotations advanced
further as demand grows greater.
New-York tribune., 1922-03-25
Money and Credit

The opening and renewal rate for
call money yesterday was AZ per cent,
pointing to further stiffening. This
indication was not borne out, loans be-
ing arranged during the afternoon,
both on the Stock Exchange and out
side at Az per cent. The feature Of
the time money market was the plac-
ing of large amounts of sixty-day
funds at Az per cent, business for
other periods being limited.
New-York tribune., 1922-03-25
New Sugar Financing Expected

AS a result of the improvement in
the sugar situation it is expected that
several companies Will soon enter the
market for funds. Several issues are
being negotiated by investment bank
ers, the first Of which will probably
appear next week. While the loan is
still under negotiation an attractive
coupon rate is expected.
New-York tribune., 1922-03-25
The Dollar in Foreign Exchange

Foreign exchange rates turned slight
ly lower in yesterdays dull trading.
Cable rates on London fell 2s of cent,
to $4.3S5s, while French francs sagged
1ia points. German marks turned
frmer and closed the day with small
gain. Changes were small throughout
he list
New-York tribune., 1922-03-25
Now Haven Denosits Satisfactory

Deposit Of New Haven debcnturcs
under the extension plan was said by
bankers yesterday already to have at
tanned gratifying proportions. As is
usually the case, many holders arc dc
ffrring action until tbc twelfth hour.
bbt the Indications are that the re-
5ponsc will fully meet the requirements
Of the situation. Because Of their
wider distribution thc deposit Of franc
debentureG, issued in 500-franc pieces,
is proceeding more slowly than or the
dollar dcbenturcs. but confidence cx-
lists chat the French holders viii accept
the extension offer. Kuhn, Loeb &. Go.
have obtained the Endorsement Of the
plan by the Assoc alton Rationale de
Porteurs dc Valcurs Mobliers, a semi
official French organization of security
owners. which is CO. operating through
the provincial banks in obtaining the
assent of the frame bond holders.
Bankers said yesterday that the plan
would not be declared operative unless
tho response closely approached 100
per cont, but they feel that this viii
be achieved by tho time of the ma
turity. The time for depositjrg the
dollar debcntures closes Monday
New-York tribune., 1922-03-25

Bank Clearings-Bank clearings at
New York yesterday were: Exchanges,
sG52 800, 900; balances, S63,40o, ,o0o.
Silver--London. 3312d; New York,
domestic, bar, 99@sc; foreign, 65c;
Mexican dollars, 493sc
New-York tribune., 1922-03-25
THE AMERICAS
Paris Market Irregular

PARIS, March 24.-Prices moved II
regularly on the Bourse to-day. Three
per cent rentes. 81 francs rs centimes;
exchange on London, 48 francs 53 cen
times; 5 per cent loan, 70 francs 20
centimes. The dollar was quotea ~
II francs ia centimes.
New-York tribune., 1922-03-25
Investment
Information

QH>stions Of general intercst 10 m
uestoTs WiU be onsaoercd IN thls col
u11n, in which caee only initials wiu
be used. Ohcro toiN be answered by
mail. AddreSs oil inquiries, atctos-
tnG stnmped, n1dressed cnUciope, 10
ftnanc{ai Editor, Th2 Trlbunc, iJ4
Nassau Street, NcU York City.
New-York tribune., 1922-03-25
Goid Certificates and Reserves

The suggestion was advanced in the
financial district yesterday that the
free issuance Of gold certificates by
the Treasury, resumed recently, was
perhaps a factor in limiting the in
crease in gold reserves Of the Federal
Reserve system last week. No figures
arc available locally as to the extent OF
the demand for payment in gold
which may have followed termination
Of the war restriction, but there has
been 10 change in the practice Of the
Federal Reserve Bank here, which, as
since the war started, issues gold Ger
tihcates only upon demand. Restora-
ton OF the free issuance of these GER
tihcates is calculated TO influence the
Reserve systems holdings only in 80
far as the Treasury takes for its own
use gold presented at the Assay Office
rather than selling it to tho Reserve
banks. Whether tho Treasury has be-
gun to take toll of gold imports is not
established. but it seems moro proba-
bic that these have actually fallen of
sharply than that diversion to tAo
Trca sury at this time should have in
hucpccd their moro usual movement
into the systems reserves.
New-York tribune., 1922-03-25

four full colun1nS Of in.
reSimient questions and an.
StcerS 'c!ii be published in
TIE Tribune erery Sunday
and Moudov. On other days
orc {'.ii column ,cill appear.
New-York tribune., 1922-03-25
Pere Marquette Prior Preference

l(ueatlen- Have bo4n o. reader oi -our
=" per Ior last fo" year8 s1d would sppre
clt %oI7 faPorIrg .uo 7.iLn ~ oily ~e TO
whether you conside~ pore Marquette p-for
preferred stock good 'ueesttarnf. ~gr-
ing ABILITY am considering ron
sharea. and - uy bank account j4 $1,000
! am considering buying good s'pcts grad
uallJ from time to time as q fsvorabf0 Gin
your esteemed opinion) opportunity pre-
seBtS it3elf-N S
New-York tribune., 1922-03-25
D., l. & ". as Investment

come bonds arc now quoted about SO
New-York tribune., 1922-03-25

Answcr-Wo regard Pcre Marquette
prior preference stock as an investment
with speculative possibilities al the
present price The road has been do
ing well Of late
New-York tribune., 1922-03-25
Transactions Yesterday in Listed Stocks
Summary of Stock Exchange Dealings
January I 10 date

York; Inc)
, 1922-08-09
LAND FOR SALE

FOR SALE-Acre tracts. east OF town
cash or payments. Address Box A-3s
Tribune. S-T4t'