davidaulloa/AmericanStories huggingface dataset:
The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1922-04-26
NOTICE OF DISCHARGE

| will apply to the Judge of Pro-
bate for Clarendon County on the 1st
day. of May, 1922, at eleven o'clock
"A: M. for Letters Of Discharge as ad-
mmlStrator of the estate of Joseph Z.
Graham, deceased.
Horace ID. Graham,
pd. Administrntor
Forester, S. c., March 81, 1900
The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1922-04-26
NOTICE OF DISCHARGE

l will apply to the Judge of Pro-
pate for Clarendon County on the 1st
DAY OF May 1922, at II o'clock A. NJ.
lor Letters of Discharge as Admins
lfator OF the Estate Of Clara Eadon,
deceased.
pd. Administrator
Summcrton, S. c., March 81, 1922.
The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1922-04-26
NOTICE OF DISCHARGE

! will apply to the Judge of Pro-
bate for Clarendon County ON the 1st
day of May, 1922 at II o'clock a. M.
Tor Letters of Discharge as Executor
or the Estate Of John II. fIudnall,
deceased
M. B. Hudnan,
pd. Exccutor
Alcolu, S. c., April /, 1922.
The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1922-04-26
WENDELL M. LEVI,
Plaintiffs Attorney,

Dated April 1th, 1922.
TO THE ABSENT DEFENDANTS,
Milly Webb, Lula Webb, John Webb,
the younger, Isabelle Webb, Richard
Roc Webb, name unknown, Samuel
Fricrson, John Fricrson, James Fricr-
son, Maggie Fricrson, Mary Fricrson,
Matte Fricrson, Clarence Frierson,
Clarence Webb, Ida Guess and ali
other persons, heirs and next Of kin
of John Webb deceased, names and
addresses unknown.
YOU WILL PLEASE TAKE NO
T1CE, that the Complaint in this ac-
tion was duly filed in the Office of the
The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1922-04-26

fighting the cooperative plan but was
simply presenting the other side and
that the farmers would have an op-
portunity to sell their tobacco here
OH the cooperative plan as they al
ready had one local warehouse.
Continued on page sikh
The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1922-04-26

Clerk of the Court of Common Pleas,
Tor Clarendon County in Manning, S.
o., on the 24th day of March, 1929.
WENDELL M. LEVI,
Plaintiffs Attornav.s
The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1922-04-26

IUal, rl ,r:: 1uL, C
W WIZ lIytpr, h'h'''e ' WGpp' "eorGc
E,; III S Wcpo' Anlilc i
anc,s' ,' ioa "ueSs' anu an oIher
PERSONS Hr it'rs ana neNt OF KIN OF
",il,o "Jlim weoo, deceased, names ana
,rG % TII J1Ses RWEWW' EiElUW,' Gleioa'eS; HTe
~ NhLrn. D'r A'@ IAN - AhoVE
n l. ~
YOU AXE HEREBY SUMMONED
ana required to answer the Complaint
IN this action, which is filed IN the
oiiIce OF the Clerk of the c. It of
Common Pleas for the said { unity
ana TO serve copy OF your answer to
the Sald compialnt on the subscriber,
at his Office in the City of Sumter,
New-York tribune., 1922-03-18
Remington Group
To Seek Change
I'm Management
Committee Alleges COMPANY
Is Being Outdistanced
by Its Competitors; Pres
idenL Preparing a Reply

A group of stockholders OF the Rem.
ington Typewriter Company has BEEN
organized into q committee, which IS
seeking proxies for the purpose o.
bringing about a change in the man
agement at the annual meeting schec'
uled for the third Wednesday in April.
The committee. in 4 statement to share
holders, alleges the company is being
outdistanced by its competitors ana
that the poor showing made IN 1871 Is
due to unsound management.
When the attention OF F. y. hoE-
dolf, president of the Remington con-
Germ. was called to the movement on
the part Of the stockhold group, 10
said he was preparing statement Ia
reply which would be sent to all the
stockholders tomorrow. The manage@
ment, it is understood, will seek vin,
dication of it's acts in the usual call
for proxies
The independent proxy committee
will consist of Lorenzo Benedict, presl-
dent of the Worcester Salt Company;
Theodore G. Smith, vice president o.
the Central Union Trust Company, and
John Sherwin. chairman of the Unscn
rust AOUlpaHy Vl -0icFeldHos
Signers of the statement issued W
stockholders include James S. Csrne!'
Alan Fox, Jerome S. Hess, Joseph -
Knox, Frederick Z. Lockwood, ). -
Mahoney, Charles Searle. Herman otuss
zer, John c. Watson and Frames 1
Williams. Sullivan & Cromwell nase
been retained as counsel.
The stockholders statement deeiaress
that the Remington company was piaessa
in sound financial condition after ~
difficulties in 1915. when voting siuss
was established, and that the periec''
ing and placing on the market OF M
improved model and portable typss'
writer were part of the sales and ~.
ministrative reforms instituted. on shs
lapsing of the voting trust and the fss
sumption of control by the presens
management, it was charged, "earnins7
have ceased, in spite of the great ops
portunity which lay before the coms
pany and of the sound financial posi-
tion in which it had been placed. s,
"Dividends, which apparently nas
been established on an assured tasis
upon the first and second prefeffes
stock" the statement continued. havs
been discontinued upon both. We 81
advised that the Forthcoming annus.
report will disclose one of the mosi
disappointing years in the company =
history"
New-York tribune., 1922-03-18
Canadian Rail Bonds

question: have been reader o. The
Irlbune for many years and am partie,i-
larly Interested IN your Investment Infor-
natlon have $1,000 saved up and would
greatly appreciate te your frank advice on
some high grade bonds that would Weld
me Ine o. per cent with safety as to prin-
cipai and interest. In your opinion what
would you think of Canadian Northern
rs, Of 1916 or one Canadian Northern I
per cent debenture bond. due 1910 guar
anteed by the Dominion OF Canada? Please
mention which you would consider the
safer for me. or if you viii suggest some
thipg better, J shall appreciate it. Please
ten me what Is the difference between the
tWo ponds. If ! may ask one more Ques-
ton about the Essex & Hudson Gas Com
pany per cent guaranteed stock also the
per cent of 1850. would you consider them
safe investments? II I have sked too
many questions please answer the Canadian
bonds only or if you can suggest som thing
better. l VIII not do anything until I
hear from you. Your valuable advice Will
be greatly appreciated in this matter as I
am trying TO advance my income TO more
than ] am now getting from the savings
bank, and l am getting on il years
Miss NJ. NJ.
Answer-We think perhaps the Ca
madam Northern 61as which run for
twenty-five years would better suit
your purpose. The yield to maturity is
about 5.84 per cent, against SOC per
cent for the Canadian Northern is,
which run for twenty years. We think
these more suitable for woman than
the other securities you mention.
New-York tribune., 1922-03-18
Stock Prices
Go Higher i'm
Active Trade
f4l Securities Dealt LA on
Exchange. Largest Num-
Der in lis History; Steel
Common Il a Favoriie

Speculative enthusiasm was further
expressed through increased transac-
tons at the New York Stock Exchange
Yesterday. The rush to buy in antici-
patton of continuation Of the rise.
which is based primarily on the money
easement and upon the expectation of
an improvement in business, involved
the purchase at the big board Of AL
separate stocks, the largest number
ever dealt IN on single day. Trans
actions scared to 1,193,70o
Besides the widening of the number
OF issues dealt in, reaching many of
the low priced shares of doubtful value,
there has been this week a perceptible
increase in the outside public partici-
patton in the daily give and take. In
spite OF this, the domination of specu-
lative pools, though less complete, con
tinues. And as phase of the pool
activity, the campaign OF speaking
favoTably about certain stocks pervades
brokerage quarters, and bull tips have
become extremely common.
There was no subsistence of the en-
thusiasm for the industrial stocks,
which we're firm right up to the close.
Steel common was bought with avidity.
Instead OF a passing Of the height
ened ease III speculative credit, there
vas a further relaxation yesterday. At
renewal time call funds were available
at the money desk at the Stock Ex-
change for "a per cent for the first
time since January IS. The rate later
declined to 8 per cent and in the out
side market to 2ia per cent. Even more
significant was the offering Of thirty
day funds at per cent.
The recovery in sterling, after It's re-
cent reaction, went still further yes
rerday. Cables were quoted at the close
at $4.se, up 47s cents for the day. The
high mark resched at the beginning of
the month, before the setback, was
s4.4o Is. With the exception Of marks.
the Continental exchanges moved up,
ward in sympathy.
Wheat quotations, responding to the
upturn in the European exchanges,
climbed to 3as cents bushel. on re-
ports OF liberal export business. Cot
ton prices moved 4 points higher to S
lower in an inactive market.
New-York tribune., 1922-03-18
Time Money Marked Down

Regarded as of more significance
than the extreme ease in the cali loan
rate, time money yesterday was avails-
bic at bargain counter figures. min
imum Of per cent was recorded on a
limited volume of thirty day loans on
mixed collateral, with thirty and sixty
day money offered literally at 4M per
cent and loans for longer periods going
at Il per cent. The new rates repre-
sented a drop Of from "a to "A per
cent within two days, the market az
recently as Wednesday being qpoted
firm at Az per cent bid, 5 per cent
asked. There we're not so many takers
as might have been expected from the
precipitancy of the cut in rates, but a
substantial volume Of loans was ar
ranged none the less. The influence
on commercial money was reflected in
the second reduction in acceptance
rates in as many days, dealers gener-
ally announcing that, effective to-day,
rates would be quoted 3@z buying and
SIS selling, a cut of u per cent. This
move, bringing rates to a new low for
the year, results from the competition
for bills with which TO meet the de-
mand. Commercial paper passed more
freely at IA per cent, with a larger
aggregate of dealings at the new mini
mum Of Az per cent.
New-York tribune., 1922-03-18
French RailEaad Bonds

Books on the $50, ,OdO 900 Paris-Lyons-
Mediterranean bonds offered yesterday
were held open until o'clock, although
applications in hand before that hour
showed conclusively that the issue had
been heavily oversubscribed. The de-
mand was not local, but was said by
bankers handling the issue to be uni
formly good throughout the country.
Further offerings of similar character
are expected as a result of the success
of the issue. An external loan of an
other French railroad is now under me-
gotiation, and its closing is anticipated
within the next week or so.
New-York tribune., 1922-03-18
I'm Wall Street
Superabundance of Money

Call funds were again in excessive
supply yesterday, with bankers vying
with each other to put out tho surplus
cash they had on hand. The renewal
rate was established at 3h per cent
for the first time since January 16, but
there was no holding the charge at that
level Loans were freely arranged on
the exchange at 8 per cent soon after
the opening, and outside there were lib
eral offerings at as low as IN per cent.
Checks used for tax payment did not
come through to the banks in snAi-
cicnt volume to prove material drain
on the cash rcserves. although they are
expected gradually to eat into the ex-
cess. AS on Thursday, the demand did
not keep pace with the supply, and a
certain amount Of funds were unplaced
when the session terminated
New-York tribune., 1922-03-18
Bonds for a Woman

eeoestion--PIease give ne yogr advice
as to these investmcnts, which were gtsen
to me by friend, as have saved 1ttIe
money and wish TO invest a. Il they aro
good. I only want two out of the lot. II
me Of something that VIII be safe in
yestment. The Iist French Republic gizs.
Goodyear Tire ana Rubber. 1891 DU Pont
Julins kayser. Warner Sugar ReFqIng Com
pshy Packard Motor Company Miss J. f.
Answer All the bonds you have
mentioned are, in our opinion, too spec
nlative for woman to invest in. Six
per cent bonds of the Pacific Gas e.
Electric Co., 1871, and 61z per cent
bonds Of the Western Union Telegraph
company would. in our opinion, be
more suitable for your requirements.
New-York tribune., 1922-03-18
The Dollar i'm Foreign Exchange

An advance of nearly five cents in
sterling featured yesterdays foreign
exchange trading. Offerings were
scant and bankers were not disposed to
sell. Continentals were firmer in gen
eral. although advances were not so
striking as in sterling.
Cable rates on London closed at
s439, against s4.3d Il Thursday. French
francs rose to 9.02 and Swiss francs
advanced sharply Guildera got close
to the 38-cent level again.
Far Eastern rates were firmcr
Changes in the South American group
were irregular.
New-York tribune., 1922-03-18
Changes Suggested

QUESTION am a man about forty year,
old and am able to save about 81 900 q
year haye $4,000 life insurance and
bonds. have about 81. 900 to invest wa
yo1 Kindly give me YOUR opinion Of the
tolloWing securities? q want tn invest AZ
Ine highest rate consistent with safety3
french 7iss. 1871. CITY of Sac pau
th'rty year. per cent bonds. new issus
AHleric ican Telephone ard Telegraph Gen.
-ral Electric. at ahcu; fs0: MiIwauk.c
st Paul &. sault Ste. Marie preferred
Answer-The list you select is good
IN our opinion. but we would sugeest
one or two changes. We think perha ps
the Queensland is, 194l, or the 6s, 1877
would be little more satisfactory thar
the French TVS, and we think perhaps
the Pere Marquette prior preference
stock might be substituted for 500
Lines preferred
New-York tribune., 1922-03-18
New York City Issues Sold

j. P. Morgan e. Co., rs syndicate
managers, yesterday announced that
the $55,O0o.00O fifty-year ~ per cent
corporate stock, originally offered last
December, was entirely sold. While
one banker asserted that the balance
remaining on hand had literally melt
ed away" it was generally understood
that this had been taken down for cash
by banking group interested in the
deal. There was some report that this
cleaning up operation was preliminary
to new long-term financing by the city,
but the Comptroller, in connection with
the last sale, said: "Therc will be no
further public offering of long-term
bonds for at least two years, except
that Approximately S45,000,000 of bonds
may be issued prior to that time for
refunding a like amount of outstand-
ing corporate stock notes. Such sale,
however, will not be undertaken until
the latter part of 1922 unless condi-
tions prior thereto make it possible and
desirable for the city to sell corporate
stock bearing interest at the rate of
AZ per cent or less" That that time
has not been reached is indicated by
the current quotation at par of the
outstanding New York City 4As.
New-York tribune., 1922-03-18
Investment
Information

Questions Of genc1al interest to in
pcstors vii be dnswered in this col
umn, in toh h case only initials will
be used. Others aciu be ansWcyed by
mail. address all Inquiries, iaoloa-
ing stamped, addressed en0cLopc, 20
Financial Editor, The Tribune, fsI
Nassau Street, New York City.
New-York tribune., 1922-03-18
Money and Credit

The opening and renewal rate on call
loans yesterday was 31a per cent, but
the bulk of the days transactions we're
at per cent on the Stock Exchange
and ga per cent over the counter. IN
creased offerings of time money
brought further reduction of rates in
this department, 3O-day money being
quoted as low as per cent. Loans for
so and 60 days were arranged at Az
per cent and for 80 to $50 days at Az
per cent,
New-York tribune., 1922-03-18
Chandler Reduces Liabilities

An advance in Chandler Motor yes
terday to a new high for the year was
connected with the announcement that
the company sinceN the first Of the
year has paid off all current trade OBJ
legations carried on the books at the
end of the year, s42o,Ooo dividends
payable January /, and has reduced
bank loans 100000, or 40 per cent,
January and February shipments, it
was stated. totaled 1900 cars, COM
pared with only 692 for the CORE
spending period of 1921. Before spring
it is estimated that the company should
have produced upward of 5000 cars
more than in all of last year.
New-York tribune., 1922-03-18
New Treasury Notes in Request

With the closing of the books on the
new Treasury four-year Az per cent
notes, issued only in exchange for Vic
tory 4S4s, the former have advanced to
premium we'll above that commanded
by the Victories. They were quoted
yesterday at 101 Il bid and 1015s asked,
traders reporting a demand in excess
of what could be met at this level. Vic
tory 4As, in contrast, sold at high
for the day of 10000 Easy money was
a contributing influence to the hrming
up of the new notes.
New-York tribune., 1922-03-18
London Market Irregular

LONDON, March 17.-Prices moved
rregularly on the Stock Exchange to-
day. There was scarcely anything do
ing in British industrials and oil
shares. Bar gold was quoted at 95s Cd;
money was loaned av 3A per cent. Dis
count rates were: Short bills. 31s per
cent; three month bills, 7-l6 per
cent. Consols for money were quoted
at 6a%. British per cent loan at 96h
and British 4 "a per cent loan at 81.
New-York tribune., 1922-03-18
Worrying Over Muscle Shoals

Question kindly send me your explsna-
tion on cal1able and non -ca liable shares as
explained in Investment information col
umn February ,. Als0, let me know your
opinion on what may be the effect on the
sale of fertilizers of the Nrg ina Carolina
Chemical Corpora tion after the Muscle
Shoals nitrate project has been developed.
&C. #. w.
Answer by "callable" bonds is
meant provision in the indenture Sc
curing the bond under which the COM
parry issuing the bond reserves the
right to issue a notice calling upon
the holders of either part or all of
the bonds outstanding to surrender
their bonds and to receive the face
value of the bond in cash or some
higher amount specified in the linden
ture. This applies likewise to pre-
ferred stock when the provisions under
which the stock is issued specify the
callable feature. Thus, the Standard
Oil Of New Jersey preferred stock is
callable at 115 per cent. Unless there
is specific provision, however, in the
indenture or in the provisions govern
ing the issue of stock, the bond or
stock is not callable. The Muscle
Shoals nitrate project is as yet too
new to permit of serious estimate
of what effect the project might even
tually have on, ,Virginia-Carolina
Chemical earnings.
New-York tribune., 1922-03-18

Bank Clearings-Bank clearings at
New York yesterday were. Exchanges,
1856, 1Oo,o 900; balances, s9o7oO,0o0.
Siiver-London. 333sd: New York,
domestic bar, 99Ssc; foreign, 641sc;
Mexican dollars, 49Ac.
New-York tribune., 1922-03-18
The Dollar in Foreign Exchange
fcm,tinued from First Coluurs

ECUADOR tpar 1850 cents suerey
Checks ....,.. s7.e2 sI0z
CHILE tpar Se.S cents pesos .xu
Checks s.s.s... i.So ll,sfH
URUGUAY tpar ie5 ~ cents peso, ss:l
checks .....Te.Ssis Ss.Ssg ,s.ss,
VENEZUELA tpaT las cents oosss
checks ...s.. ts.2s 1sss
Canadian Exchange york i1sss ssssrS
Montreal &S-ss per cent preinsuu as.s sIix
real funds in New York, y per ssss
count.
New-York tribune., 1922-03-18
Republics Dividend Policy

Ouestion--l Will be obliged for an opir-
ION or expianation regarding the passin =
OF the April l dividend by the Republic
iron and Steel Company. From what ca Il
learn, this corporation has q surplus OF
some $4,000. 900 and. in addition what
ever balance remains of some $4,000. o0o
which was set aside. according to The
statement of January I. 92t. for new con-
struction. depreciation and number If
other purposes. While this is not called
surplus, il surely is an appropriated sur
plus just the same. II the above is even
excuse whatever for the passing of this
dividend. The above company steadily pa Id
its dividends when it had no such surplus
nor any such earning power IL has row
The suspicion has occurred to me that Il
might have been done to depress the value
afording opportunity for speculation on
the part of the insiders on a sure thing
However, cannot think such a thing pos
sible.-D. ". Il.
Answer-The reason why the Repub-
lie Iron and Steel Company passed its
preferred dividend, it seems to us. is
perfectly obvious. The company in 1921
suffered loss, after paying its inter
est charges, of $5,665,000 This and
dividends paid during the year made a
total charge against the company's sur
plus of something like S7,s0o,000. That
the directors under the circum stances
deemed it an unwise policy to con-
tinue payment of the preferred divj-
dends. we believe, shows that the men
in charge of the affairs of the company
were actuated only by proper regard
for the interests of stockholders.
New-York tribune., 1922-03-18
Failure Raises Questions

Question-Wil you kindly advise me on
the following matters: When az concern
fails and goes into the hands Of & receiver
is IL necessary or advisable for individual
creditors to employ lawyers to press their
claims or does the receiver treat all claims
which are properly filed with equal consid :
grafton? Is it likely that a creditor by
would secure more of his claim through
his attorney than If he kept in touch di-
rectly with the receiver? Are stocks sent
to q broker to be sold a fixed price but
which are not sold at the time OF bank
ruptcy ciassed as brokers assets or are
they the customers property, to be re-
turned 10 him by the receiver? Is q GUS
tomer entitled to any preference as q
creditor who left the proceeds from tho
sale of stock in the brokers' hands for re-
investment but no purchases were made at
above cases would a customers position be
changed tx with his selling order he also
sent a buying order at fixed prices, no part
OF which was executed "A. j. f
Answer-We cannot attempt to give
advice on legal questions. In cases of
failure customers should communicate
directly with the receiver who is ap-
pointed by the Federal court to look
after the interests of the creditors.
Where customers have debit balances
at the time of the failure they become
general creditors. If, on the other
hand, they had at the brokers' Office
securities belonging to them or credit
balance they can start reclamation pro-
ceedlngs to get possession of them.
New-York tribune., 1922-03-18
Tide Water Oil

in view OF the unusually large surn-
over in Tide Water Oil Thursday, when
1,600 shares changed hands, the Street
wondered yesterday why tie announce
ment Of the passing of the dividend
dated March Is, was not given out until
the close of the market the following
Gay. The initial sale yesterday was at
los%. on overnight loss of 1874 points
There was recovery before the close
to 1i5, net decline for the day of fA1a
points. The action of the directors in
omitting distributions to the stockhold-
ers for the current quarter came as a
complete surprise, although it was gen.
orally expected the company would
show large deficit fore 1921.
New-York tribune., 1922-03-18
Morgan Confers on New Haven Loan

]. p Morgan was in Boston yester-
day conferring with bankers with re-
spect to the issue Of New York, New
Haven & Hartford European loan de-
bentures. which fall due on April /. He
was quoted as stressing upon holders
of the debentures the Importance of ac-
cepting the company's offer. to pay 10
per cent of the principal and extend 90
per cent for three years, at per cent.
deposits of The debentures," Mr.. Nor
gan was reported as saying, "have been
very encouraging, but nothing short of
100 per cent response will meet the
necessities of the situation. The bank
ers and others interested in the road
are using their utmost endeavors to
save the property and in SO doing save
New England" At the local Offices of
the Morgan firm it was stated that
deposits of the debentures are being
received in large volume. There are
now outstanding $14,11S,000 dollar and
S13,464,162 franc bonds of the loan. the
latter mostly held in France.
New-York tribune., 1922-03-18

Four full columns Of in-
restment questions and an.
ssccrs sci3I be published ia
The Tribune erery Sunday
and Monday. On other days
one full column sciH appear.