davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-03-14
DAVIS Nesu Issues

The National City Company is Of
fering at 96 and interest, to yield $50
per cent, new issue of S7,500,000
Northern Ohio Traction and Light
Company general and refunding mort
gage 6 per cent bonds. due in 1947.
Proceeds will be used to reimburse
the company for retirement Of S1,145,-
900 Canton-Akron Railway Company
s. and for construction expenditures
and to call its entire outstanding issue
of S2,454,20 secured rs and retire
other funded debt.
p. Morgan & Co. yesterday morn
ing announced the closing of subscrip-
ton books OF the 100000 900 Frameri-
can Industrial Development Corpora
tion bonds. No statement was made as
to the total of applications, but the
issue was unofficially reported to have
been more than eight times oversub
scrbed
The s45,o000o0 Sinclair Consolidated
Oil Corporation rs offered fer sub
scription yesterday met with ready
sale The syndicate managers held the
books open for late subscriptions, but
the aggregate of Applications IN hand
was understood to be we'll in excess Of
the amount Of the issue.
A syndicate composed of J. &. ".
Seligman e. Co., Kisscl, Kinnicutt &
Co., Hallgarten & Co. and Tucker. An
thony G. Co. has purchased and is eX-
pected to offer shortly an issue of
S3,500 900 Saks & Co. twenty-year sink
ing furd mortgage per cent bonds.
New-York tribune., 1922-03-14
$7,5OOO0O
The Northern Ohio Traction and Light Company
General and Refunding Mortgage Gold Bonds
Series A. due
%q"$
NJ
ana m = Il
$7,5O0,O00


Issuance subject authorization by he Public Utilities
Four Mills Tax n Pennsylvania
New-York tribune., 1922-03-14
Days Dealings In Bonds
The Market,

Heauy subscription Of new il lues Ia
encouraging investment bankers e.
rope that the absorptive capacity
we w, market will continue annie to TAX
al onerngs in sight. There is na
great volume Of new financing in pros
peet; but there probably is enough to
create digestion in an uncertain mar.
tera., ke.; Liberty bonds, were strong yes
Jerosy' all issues showing fair gains.
nonds of the better industrial corpo-
aa1'ohs stso were IN demand. Weak
ated with the break in sterl;nc wao
conspicuous in the foreign government
group Trading was active.
New-York tribune., 1922-03-14
Rid Asked

Bid. Aske
Allcg West. >. 9e -
Anal Sugar. 6o
A Blk Note pr t2A o.
Am Beet s pr GO IS
A B s & II pr.l0l1s LOT
A c & II pr. i20 -
Am Malt & G. 10 l5
Am snur pr. e3 100
A Sum r pr. ~ 81
Am Tel & G. IS o.
4 W w I pr. 77s 70
Am NYh pr. o.. 81 u 92
A Il & J. pr. 3S ~
Ara Metals o.. i4i1 I'D
Atlantic Ref. .925 $50
do pr Ills III
Atlas Tack .. lS Is
AVS Nlch pr. SO 81
Auto sales Co st =
do pr 80. l3 y
Bald Loco pr. lp8 lot
Barnett j. pr SO ~
y Nut r pr. .lol
Brown Shoe. e. ii AZ
do pr ..... Sc sl
Buf7 n + P. 10 "
do pr ....- 81
New-York tribune., 1922-03-14
London Market Dull

LONDON, March 13.-Trading was
dull on the Stock Exchange to-day.
Bar gold was quoted at 95s Cd; money
was loaned at 8 per cent. Discount
rates were: Short bills, 3 5-16M3as
per cent; three-month bills, 5-lG per
cent. Consols for money were ouoted
at 54%. British per cent loan at p1$s
and British ~ per cent loan at -.
Closinr stock quotations Wcrc:
New-York tribune., 1922-03-14
Paris Market Improved

PARIS, March 13-Priccs improved
on the Bourse to-day. Three per cent
rentcs. SO francs 25 centimes. EX-
change on London, 49 francs 10 cen
times. Five per cent loan, rs francs 90
ccntimes. The dollar was quoted at II
francs 80 cantimnS
New-York tribune., 1922-03-14
Bid and Asked

Following are the closing bid and
asked quotations Of stocks listed on the
Stock Exchange in which there were
no transactions yes terday:
New-York tribune., 1922-03-14
To nsure the precise yield on a bond

To NgUTt tn5 preCiSs SIeI" VI " '1''FI
is necessary 10 use yield tables but the
approxin1ate WELD roughly he figured
out by the following formula Divide the
closing quotation OH a bond into the rata
below par you must allow also for the
appreciation OF tho principal: 10 90 this
subtract the market quotation from par,
or 100 and divide the remainder BY tho
number Of years the pon1 mas to run be
fore maturity. For example, X 6 per
cent bond Is selling at 90 and has ten
years to run, the annual return will be
8es per cent. The difference between par
and the market price Will be 10 points,
subtractins 90 from 100 Dividing ten
points by ten years the .quotient will be |.
This figure Is TO be added to 6.e6. which
per cent. will give you the approximate
YtNld.
The New York herald., 1922-11-17
Fruits of Game Conservation.

Those who predicted that the mi
gratory bird treaty act would lead to
greatly increased supply of water
fowl are pleased by the reports of
the opening of the ducking season on
the Susquehanna flats in Maryland.
This area of ten thousand acres is
considered the best of the public
ducking grounds within a reasonable
distance of New York, Baltimore,
Philadelphia, Wilmington and Wash
ington, and the canvasbacks feeding
on the celery beds between Havre de
Grace and Turkey Point are said by
gourmets to have flavor all their
own. These waters are also the re-
sort of that other fine duck, the red
head IT takes an expert to tell the
difference between the two when they
are on the dinner table with their
accompaniment OF fried hominy.
The quality OF the sport on the
opening day in Maryland may be
judged by the returns, which show
that eight hundred gunners killed
twenty thousand birds, a record
which has not been equaled in the
memory of the oldest professionals
on the grounds. The bag that. day
equaled the total for the entire sea-
son of 1915-16. These circumstances
illustrate forcibly the benefits of con-
servation made possible by the treaty
between the United States and
Canada. This treaty does away en-
tirely with spring shooting and guar
antees that the birds shall have
freedom from molestation on their
Canadian breeding grounds where at
one time thriving trade was done
in the eggs of waterfowl.
Those who have shot in the neigh
borhood of Havre de Grace and Perry
Vile this season say that more birds
are in view than ever before. despite
the record of the opening day. The
regulations governing ducking in
The New York herald., 1922-11-17
The Labor Union Bank.

New York can genuinely welcome
the proposed bank to be established
here by members of the local trades
unions. There is no reason why such
an institution should not be success
ful If 1t is operated on sound bank
ing principles and under good busi-
ness management. In various cities,
notably ip Cleveland. there are such
banks and branches of banks that
have filled a want Of their patrons
and have prospered for themselves.
New York may well prove to be as
rich a field for this sort of banking
for special group of workers.
Any movement or institution that
encourages saving is a good thing
both for the savers and for the COM
munity, for IL is out of the surplus
earnings and investable savings Of
those in affiuent and in moderate cir
cumstances alike that the enterprises
of the country are financed and
started on the road of creating more
wealth. Without saving to supply
the needed capital there cannot be
new industrial works.
Furthermore, there is no better
way for anybody to learn the re-
sponsibilities and the difficulties of
an important economic undertaking
than to try it himself. The unionized
workers who go into the banking
business with their own money un-
doubtedly will gain very different
opinion of what that business really
is from what they have now. They
can do much out of their own expert
ence and by their own example to
help the general public to compre-
hend both the opportunities and the
limitations of banking that is safe,
sound and useful.
THE New YORK HERALD wishes the
proposed Federation Trust Company
every success.
The New York herald., 1922-11-17
The Cedar Hill.

on the crest Of the cedar hill is the
place where l would be.
With the sweep of the mountain sky
tenderly mothering me.
And the Michaemas daisies there SOW
ing the slope like stars
And the clear cool dip of the spring
down by the pasture bars.
on the crest OF the cedar hill would
see the sun sink low.
And the valley lie like dream in the
CLEAN OF the afterglow,
Filled with rich-hued haze as n chalicc
is with wine
Amber and amethyst--to the distant
mountain line.
would wait for the round low moon 20
rise up over the rim
OF the crownng crest TO the east like
shining seraphlm.
And the pleading plaintive note OF late
lone whippoorwil
To bid me hasten home from the crest
of the cedar hill.
CLINTON SCOTLAND.
The New York herald., 1922-11-17
EVENTS TO-DAY.

National Horse Show, Squadron A Armory'
all day.
National Industrial Council. advisory com.
mittee executive sessions, Hotel Astor. ID
A. NJ. to o p. M: theater party. evening.
Casualty Actuarial Society Hotel Pennsyl-
vania. 10 A. M; luncheon. 1880 p. NJ.
Prof william S. Myers of Princeton, lee
ture on Current History" auspices United
States Daughters OF lel2, Waioori-As'or'a'
II A. M.
International Association of Daily. vaca-
tion Bible schools. meeting. Hotel Mar
Unique. 10 A. NJ, and L. NJ
Womnn's Forum, meeting. the Biltmoe,
10:45 A. NJ
American Naturopathic Society meeting.
Hotel Commodore A. NJ. to p. NJ
Committee Of Twenty. meeting, Hotel Penn
sylvanla, D A. NJ.
League for Political Education. lecture,
"The Psychology Of the Blues" Mary san
dali. Town Hall, IL A. NJ
Metropolitan Museum of Art, talk for high
school classes, "Elizabethan England. Ance
T. Coseo, 10 A. NJ; study hour for manufac-
turers and designers, Grace Cornell, ~ A. NJ
Merchants Association. twenty fifth ami
versary luncheon, Hotel Astor. l2:3o L, NJ
mass meeting, Madison Square Garden,
Z. NJ.
New York Press Club. luncheon. 81 Spruce
street. r. NJ.
Teachers Travel League of Arperica. meet
ing. De Witt Clinton High school. 7. NJ
Charter Revision Commission, meeting. City
Hall, 2:30 r. NJ.
Catholic Actors Guild. meeting, Hotel Astor.
3 p NJ
West End Collegiate Church. thirtieth sl.n,n an
seventh street, $3.50 y. NJ
Commissioner of Welfare coer will speak
on THE Department of Welfare OF the CITY
of New York." Public School 1Oi, Gelston
avenue and Ninety second street, Brooklyn.
John S. Sumner will speak on The Pub
lisher's Responsibility 10 the Public. City
College Club, 46 East Fiftieth street. i. NJ
Lutheran Educational Society. dinner, Hotel
Astor, +. NJ.
Tho Kentucklans. dinner. Hotel Astor. 80
i. NJ.
Federation of College Catholic Clubs. dance.
Waldorf Astoria, II. NJ.
American Criterion Society, dinner dance.
Hotel Commodore. L. NJ.
The Peoples Institute. open meeting. The
Place of the Liberal in the Social struggle
first In season OF lectures on ''The New
Liberalism Everett Dean Martin. Cooper
Union, l.. NJ.
Brooklyn Institute OF Arts and Sciences.
Academy OF Music, lectures by Or. Charles
e. Barker, "How a Busy Woman Can Find
and Keep Good HEALTH 4 T. NJ; How 10
Live 100 Years s:l5 r. NJ.
The New York herald., 1922-11-17
Skyscrapers Mean Crowds.
Street Dangers Increased by the
Congestion They Cause.

To THE NEW York HERALD: In 1921
there were 1000 deaths due to automo-
bile accidents in New York city, and in
1922 so far there nave been 1900 and
the number is continually increasing.
Why is this? Is it because chauf-
feurs are becoming more careless? Not
at all. It is due to increased conges-
tion brought on by the building of sky
scrapers, which are making New York
a dangerous town to live in. Unless a
law is enacted limiting the height of
buildings the congestion will increase
and the number of deaths will also in
crease in proportion Notwithstanding the
to prevent accidents.
The way to prevent accidents is 20
remove the cause. New York city was
not planned for skyscrapers. The streets
are the same width as they were half
"A century ago, and yet the buildings on
an average are five times higher and
they are continually increasing in height
and in number.
More than one-half of the police force
is now assigned to traffic duty and the
number is inadequate to cope with this
problem. There is only one solution to
the problem-the building Of skyscrapers
must stop. GEORGE FENTRIcK.
NEW YORK, November 16.
The New York herald., 1922-11-17
To Curb Reckless Driving.
Automobiles Asked to Band Them.
selves Together for Safety.

To THE NEW YORK HERALD: The con-
tinued and increasing toll OF lives in the
streets of this and other cities shocks
the sensibilities of every sane and care
full motorist, to say nothing of the effect
on the pedestrian public. The death of
one Of our bridge patrolmen as a result
of reckless drifting is bound to provoke
resentment against wild driving.
AS an operator Of my own automo-
bile l am constantly confronted with the
peril of city driving. which is greatly
accentuated by the utter disregard Of
rules shown by reckless and irresponsi-
BILE drivers. This mad practice of Of
fensive driving is reaching point when
1t seems to me that both owners and
chauffeurs Of the sane and thinking
class must band themselves to cooperate
with the police in putting down this
increasing peril with it's terrific price
paid In lives
/ hope this communication may strike
a note that will serve to interest motor
lists who drive for pleasure and who rec
ognize the rights Of other motorists and
pedestrians too, so that an infringement
of the traffic regulations which might
be unobserved by the police might be
duly reported by a member of this Safe
Driving Association and the offender
brought to account.
Undoubtedly. good number of street
accidents are due to the defiant and
daring attitude Of pedestrians in the
streets. Many persons afoot In cross
ing streets at not proper crossings posi-
lively loiter and seem to challenge the
man at the wheel. H. ii. MEYER.
New YORK. November l6.
The New York herald., 1922-11-17
Theater Ticket Spectators.

Previous efforts TO curb the vorac-
ity OF the ticket speculator have orig
mated either with the theater man
ayers who pretend inability to con-
quer him or with the city authorities
when they have tried to keep the
price of tickets somewhere near the
figures printed on them. The expert
enced theatergoer has learned that
whatever may he the source of any
attempt at diminution of the nui-
sance it usually continues as preva-
lent as ever.
Now relief is suggested by man
ager and an actor. both actuated by
artistic rather than commercial mo-
tives. The chief demand for seats, it
appears, does not ordinarily extend
more than a dozen rows from the
stage. These bring the inflated prices
asked by the spectators. II the ac-
tors would only speak out, says MARC
KLAw, the public would not insist
The New York herald., 1922-11-17

Maryland permit shooting every Mon
day, Wednesday and Friday in No
vember and December. and on all the
Saturdays in January. The total
number of birds taken during the
season must be enormous, with a
daily bag limit of twenty-five ducks
and ten geese to a man.
Under the law there may be no
trafficking in game, and the occa-
sional violations of the statute are
promptly punished wherever the au-
thorities can make out case. Game
wardens patrol the area in fast motor
boats and any gunner may be called
upon to stand up in his sink box and
display his license.
The increase of waterfowl on the
Susquehanna within few years indi-
Gates that with a continuance Of the
policy which brought it about the sup
ply of game birds should grow rather
than diminish.
The New York herald., 1922-11-17
Buy Christmas Seals.
The Sale Begins December l and
VIII Aid War on tuberculosis.

To THE NEW YORK HERALD: Despite
a continued slight decrease In the tuber-
culosis death rate of per cent. in this
city so far this year this treachcrous
insidious and needless scourge took 4.517
victims here between January l and
October /, and the death toll is still
rolling up.
tuberculosis spares no place and it
respects no age. OF the 27.200 sufferers
in this city reported by the Health
Board 1877 are children under years
of age, 4. 7S6 are school children between
and IS years of ago, and the remaining
o5.217 others are at the most productive
adult period of life. Under such cir
cumstances it is plain that the fight must
be kept up in order that the public may
be protected.
Between December 1 and Christmas
we shall conduct our annual sale of
Christmas seals. the proceeds of which
will be practically our sole reliance for
funds with which to carry on our work
during the next year.
Announcement of this sale will be
made again as December draws nearer,
but meanwhile, and for the good OF
New York, we shall be glad to give
helpful information without charge 10
all who may inquire of US.
New York TUBERCULOSIS ASSOCIATION.
New YORK, November 16.
The New York herald., 1922-11-17
Rewards of Honesty.
Contrast Between Two Cases OF
Money Lost and Found.

To THE NEW YORK HERALD Two Incl
dents which did not find their way inso
the newspapers but seem Of sufficient
interest to report. were narrated to me
recently by floor attendant in one of
the large downtown banks.
In a corner of the bank concourse
the employee referred to picked UP a
.oll of bills dropped by a customer. 1t
contained seven $500 United States cur
rency notes-enough to make a tidy
little savings account for the finder, VINO
is well on in years and might not be
averse to retiring before long from ac-
tive service. To keep this $500 for
himself he would have needed only to-
declare that he had not seen the roll.
But he has an old fashioned conscience
and a between Sundays religion and he
turned the money in to the bank author
tiles at once.
Soon an agitated man came painting
in to inquire for the property and upon
identifying 1t it was given to him intact
After pocketing 1t he asked who the
honest finder was, and thereupon re-
warded him with six cigars which, so
the attendant declares, were so bad
that | couldn't smoke them except by
breaking them up for my pipe" Such
was the total evidence in this case IN
favor of the proverb Honesty is the
best policy" That virtue Is itg own
reward" the upright employee still be-
lieves, but such nigyardllness as he met
in this instance comes dangerously near
putting premium on dishonesty.
In refreshing contrast to this incident
Of such sefishncss stands another Of the
finding by the same bank employee Of
SIT roll belonging to little office
boy who returned with white face. say
ing he could see himself behind the
bars" because of his loss. When he
identified his property and with great
relief received 1t safely again he fished
deep in his pocket for a quarter of a
dollar, which he tried to make the finder
accept. What were you going to do
with this?" the attendant asked. The
boy replied. ITS my lunch money" He
was ready to go without his meal and
almost tearfully pressed the reward upon
his benefactor, but the latter refused to
accept 1t.
Had the other loser been as grateru
in proportion as the boy he could
scarcely have offered less than one of
his $500 bills as his reward. At least
II seems a pity that the boys example
could not be turned as a searchllght
to shame all such meanness as the larger
loser exhibited. And reward or no re-
ward. II Is good to know that Diogenes
would not seek in vain for his honest
man in modern New York.
ELIOT WHITE.
NEW Yo {; November 1e.
The New York herald., 1922-11-17
Drinking in India.
Rules of Castles and Creeds Less
Strictly Observed.

To THE NEW YORK HERALD: We In
India read with interest of Attorney
General Daugherty's opinion that trans
portation or sale Of alcoholic liquors on
American ships is illegal.
Dean Farrar wrote that IL the Eng
lish were driven out of India the fact
of their having been in that country at
one time would be proved by the large
number of drunkards left behind. AT
present drunkenness is alarmingly on
the increase in India.
Fifty years ago India did not have
SO many facilities for the drunkards as
now The Government derives enormous
profits from the liquor traffic. There
was a time when the higher classes OF
Hindus were punctillous and austere
total abstainers and non-smokers A
Brahmin who INDUCED in the consump-
ton of liquor would be ostracized from
his caste and community and he would
be prevented from entering into Hindu
temples and bathing in temple tanks.
which are considered to be holy, and
which should not be desecrated by a
drunkard But now people of all castes
and creeds have taken to drink. which
Is considered to be token of the mod
ern Western civilization.
The same steamships which bring the
missionaries TO India to preach peace.
good will and temperance bring also the
liquor bottles. In this great city CT
Madras, where I have lived for nearly
quarter OF century, the greatest
liquor importers are three European mer-
chants. One has opened a public res
taurant, where he has engaged Indian
men to serve liquor to Europeans and
Indians. according to their caste
scruples and many Indians to their
utter ruin follow the evil example of the
European.
Another man has taken contract for
all the railway refreshment rooms where
liquor is sold and the Indians are tempted
to drink there. Public newspapers ad-
vertise brands of liquor. The railway
companies advertise liquor on the walls
of the stations. The British post offices
in India in the stamp booklets advcr-
tise liquor.
II Is sincerely hoped that the British
Government In India will follow In the
wake of the United states and discour-
age the sale of liquor.
X. II. GoPALAH AIYAR.
vEpERY. Madras. South India, oct. IL.
The New York herald., 1922-11-17
Where Reorganization Stalls.

II was CHARLES G. DAWES, Presi-
dent HARpING's first Director of the
Budget, who declared in a public ad-
dress that the most formidable OBJ
struction to putting the business of
the national Government on bust
ness basis was the members of the
Chief Executives own Cabinet. He
charged that in the main the Cabinet
officers kept their eyes so intently on
the political situation that they did
not see or did not care what poor
business management of the business
affairs of the Government was cost
ing the public both in the service it
got and the taxes it paid for that
service. That was where Govern
ment reorganization stalled.
Now comes word from Washington
thar the plan of President HARDING,
as worked out by WALTER f. Brown
and his reorganization committee, to
reorganize the departments, abolish
overlapping of work and effect econ
omies has "hit the rocks because
of the opposition of several of his
Cabinet"
The average Cabinet officer, like the
average private citizen. wants things
reformed when they need reforming
provided they are the other fellows
things. A chief of United States de-
partment, not Mellon or a Hughes,
perhaps, but the general run Of de-
partment heads, could stand seeing
all the other departments clipped,
dry shrunk or revamped; he could
stand seeing them all. amalgamated
into ySone or even obliterated. But
in his own department he cannot
suffer losing a single Office boy whose
father controls vote or two in some
election district back home. He
cannot spare a postage stamp out
Of his millions of appropriations, and
he knows the country could not sur
vive a single drop less of paint on
the back steps of his department
building.