davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-03-30
Trustees Statement

Belfast. Nc, March 2o-t Spccian-
The following statement was issued
this afternoon by the trustees of the
Belfast Savings bank:
Realizing from close inspection and
careful analysis of the current earn
ln2s of the bank that it will be i'm
possible to carry to the reserve the
amount required by law and to earn
and pay tho regular June list dividend
and That the non earning assets of
the bank are such as to render 1In-
likely an early resumption of its
normal income. the trustees after
conference with the bank commits
slonor felt that justice to the dcpos-
itors of tho bank and to the general
public required that application be
made to the court for authority to
close its doors pending judicial in
quify and the determination of the
proper course to be pursued for the
protection of all concerned. With
this policy the commissioner is in
thorough accord and joins in the ap-
nlication," James II. Hoves. Arthur
/. Brown, Ben D. Field. Robert F.
Dunton. trustees; Fred +. Lawrence.
bank commissioner.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-03-30
Action Follows Confer
ence Trustees and
Bank Com'r.
Default in Interest Payments
and Passing of Dividends by
Certain Corporations Whose
Securities Were Held in
Large Blocks Cause of Clos
ing-May Be Only Small Loss
to Depositors

BY order of Chief Justice Leslie c.
Cornish of the supreme judicial
court, upon the joint application of
Bank Commissioner Fred +. Law
renee and the trustees of the institu-
ton, restraining order was issued
Wednesday cnjoinng the Belfast
Savings bank from paving any de-
positors or transacting any other
business until further order of court.
hearing was ordered to be held at
the court house in this city on Fri
day. April Il, at 10 A. ~, upon the
request OF the petitioners that the af-
fairs of the bank be liquidatCd.
This action followed Il conference
at Belfast Tuesday evening between
Bank Commissioner Lawrence and
the trustees of the bank at which the
affairs of the institution We're thor
ouShlE canVasSod and a conclusion
was reached that its doors should be
closed.
The Belfast Savings bank was or
sanizcd April %. 1868. Its total Ii
abllities are given as 1855. 500. 30 and
its total deposits Sl.S61 ,09J.53. The
trustees joining in tho application
were James Fl. HoWes. Arthur 7.
brown. Ben D. Field and Robert F.
Dunton. James II. HoWcs is the
president of the bank.
The last regular examination by
the banking department on Dee. -.
l"2l. shows the reserve fund TO be
$4,000. the undivided profits $l205.0S
ana tho number Of depositors 1861.
Bank Commissioners Statement
Bank Commissioner Fred +. Law
rem OF SkoWhoSan Wednesday made
the following statement with refer
once to the closing of tho Belfast
Savings bank:
The conditions which led 10 tho
closing OF the Belfast Savings bank
are peculiar to that institution. no
other bank being in any way affected
thereby. on account OF default in in
tcfest payments and passing of diyj-
bends by certain corporations whose
securities were held by tho bank in
relatively large blocks, lis current
earnings arc not sufficient to warrant
1t continuing in business.
1T was the unanimous opinion of
the trustees expressed at Il confer
cnco with tho commissioner Tuesday
evening that application should be
made to the court for liquidation of
the affairs of tho bank With con-
tlnuance of the favorable market for
securities which now exists there is
reason for tho belief that the ultimate
loss to the depositors will be small. :"
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-03-30

Two du:ieA await you when you re-
ceivs the Journal In the morning: The
first IL to read the CLASSIFIED Ad. page.
The second 10 to telephone your Ad. 50
that others may read It.
New-York tribune., 1922-03-14
Auto Stock Speculative

Qucst tion--Quite some time ago bought
some Hcndee common, paying IS for II.
have been unable to find ont much about
the company and am writing to ask IL YOU
would advise ray selling 1t a. it's present
price. taking what can got for II, or
should ! hold on 10 il in the hope tina it
win come hack so somewhere near the
price paid for it?--Miss 4. v g
Answer me Hendec Manufacturing
Company, like many other motor CON
Germs. was forced to take a large loss
on its inventory last year-morc than
$1,000 900. AS a result there was a
deficit of S912,079 for the twelve
months ended August 81 Since the
frs: Of this year. the company's bust
ness has picked up somewhat. Yet it
would appear that there will have to be
considerable further Improvement in
earnings before the common stock gets
back on a dividend basis. Always
speculative, this issue in the last few
months has been more so than ever,
and as we make no attempt whatever to
predict future events you will have to
New-York tribune., 1922-03-14
Unsuitable for Investment

Qpcstion-~Wnl YOU kindly give me You,
opinion In regard to the Island OH and
Transport Corporation per cent gold noi e
bonds? am holding a 81. 900 bond and
am fearing 1t IL not a good investment
Also. your opinion or the Middle West
Utilities Company 2O-year per cent Sc
cured gold notes series C-S Il. \.
Answer.-Wc consider the oil bond
speculation and the other suitable only
ior business mans investment, rank
ing the Middle West Utilities bond
above the Island Oh and Transport
Corporation note. You do not mention
your circumstances, but if you arr seek
ing the high hest gradc security you
would do we'll TO consider changing to
gilt-cdgc railroad or industrial corpo-
ration securities. such as United States
steel sinking fund is or Atchison, To
pcka & Santa Fc general is. Other
sound securities which we regard as
safe investments and which give q
higher return than these arc mentioned
almost daily in these columns and you
can select from those such bonds as
meet the needs Of your case.
New-York tribune., 1922-03-14
Cotton Plant Bank Closss

COTTON Plant. Ark. March Ia
Tho First National Bank OF Cotton
Plant closed its doors to- day. The
ham Ia. -
New-York tribune., 1922-03-14

several years your Investment column.
think tho advice YOU give IS absoluteiy
eound and very good. ! do think. though
that # Ia more for the man or woman OF
wealth than for the one Of moderate means
DO you think IT is possible for 81 man
like myself Ct have about 81 900 in q pa
mas bauk) whose earnings are moderate
aud whose living oxrenses almost ucs up
these earnings, TO combine investtnent ana
speculation in this way: Invest perhApa
half of above in high grade preterred
stocha (Which you have termed hnri -
ness mans Investment such AZ steel pre-
fotred. etc. should these decline IN
value after time, buy few more of the
samo grade. hold indefinitely and draw
dividends on the stock and intercst on
balance in bank. and ultimately in 80,
called boom times sell out the lot and
A man OF wealth can be satisfied with
income alone at or per cen cent but ti,i tnis
fully small that I would be gray haired
man before my principal you'd mnch
lave been student Of financial matters
for number Of years and belleV" ,hat
| can tell in a general way, when stock
ard bond prices are abnormaliY hl2n or
nbnormany low. 1t seems to mo by the
above method it would be possible 10
have my money earn 10 to / 9 per cent in
stead of to per cent and still have the
principal secure Even bonds Of tho
highest grade vary consdcrabY in price
between periods of depression and inha
Ton have never aesr. in your column
Investments discussed from this angle
and I would greatly appreciate your al
vice. don't expect to he in need OF
above 1000 as III good hcnlth AM
my income Is enough to take care OF my
self and family A. -.
Answer We think perhaps the rca-
son you have not seen the proposal you
suggest discussed in The Tribune rs
that it is a speculation. II you feel
that YOU arc in a position to speculate
YOU can find any number Of lover
grade bonds or stocks that yield 10 to
l. per cent, but You would be running
thc risk of losing both interest and
principal in many instances, and IN the
long run You might even find that your
not return would be larger if you had
placed your capital in sound bonds at
5 to per cent, for the chances are
that at the end OF definite period you
would have intact your principal plus
the interest you had received for that
time. Thus, in order to double your
$1,000 in the time you want to do 1T, 1t
will probably be necessary for you to
engage in speculation, and in this we
could not be of any help to you. Your
system is outside the realm Of con-
scrvative investment
New-York tribune., 1922-03-14
Prices Irregular
In Curb Trading:
Oils More Active
Cities Service Within Short
Distance of 200 Level on
Increased Eemand; Trend
Uncertain in lndustrials

Prices showed an irregular trend at
the close OF active trading on the curb
market yesterday. Oil shares as a
rule were in increased demand on re-
ports of strengthening in prices for
petroleum. lndustrials were irregular.
Cities Service common advanced
nearer the 200 level gaining points
at 1877. The bankers shares worked up
to 2l. Simms and Carib made gains.
Standard of Indiana and Maracaibo
fell Off however. Kirby Petroleum
was frmer
Reynolds and Philip Morris were
slightly higher. but international Rub
ber sagged. Durant Motors was steady.
Mining shares were active.
New-York tribune., 1922-03-14

IN spite 9fthe. ./aef Matvoek ulw
Il "Senee0's S DIR had lang been u5ed
Jar medfcfnalpnrpose5, ii 1O0s MT mil
nround1859Malpelroleum, qvhendi5-
Hlled, a0as di5covevcd lo have q high
m0vkefvalue. "A company, organized
that year to produce and refine pc
troIcum, sunk the first oil we'll in
IitusvilIc, Pa.
AS the economic importance be-
came apparent, there followed wild
spcculationino oil lands, and enormous
production, and the solid establish
New-York tribune., 1922-03-14
Certificates Of Indebtedness and United
States Treasury Notes
New York State Bonds

Acceptable in payment of Federal I
N tho dates of maturity
New-York tribune., 1922-03-14
Lost on Island Oil

Question: About two years ago I bought
500 shares Of Island Oil and Transport
stock on the advice of ono in close touch
VIII the company. |, cost mo 6N. a share.
| have watched steady decline OF the
stock and would greatly appreciate know
ing your opinion as to the present standing
of the company. also my chances of saving
my original irvcsnlent.-Mrs w. u. T.
Answer We could not attempt to
tell YOU what your chances would be
recovering your loss in Island Oil and
Transport stock. Unless YOU can af-
ford to continue your specula ton, we
suggest that you dispose of your hold
iNgs and puS the proceeds into a we'll
sccured bond.
New-York tribune., 1922-03-14

Issued in coupon and registered form.
not interchange Coupon bonds reg
istcrablc.
Security. Rate. Due. Bid. Asked Yield.
Canal and Highway So
New-York tribune., 1922-03-14
Financial Items

George w Baker. president o. -.
George W. Baker Shoe COMPANY OF %.
lSn; a director of the First Natonsll t,cusl
OF Brooklyn and OF the People ssSa,ings
Bank and trustee II the Sumner pa d.
Bank of Brooklyn. has been electea
rector of the Union National Corp''
The Imperial Ottoman Bank yes' a
announced the opening of a sub-asen0s
usmadan. Persia, in addition to the go
recently opened at Ramaliah. Pales'"
At an auction yesterday the Now -
Coffee and Sugar Exchange menaoers'p
Alfred Betancou~t Was soio TO b. a rrsd.
for S4,&ln, and the membership oE oE.. Tor
e-ic1s r Chafyiler IL. =. z. N'ttt -
New-York tribune., 1922-03-14

Questions Of general interest TO in
restors ariU be answered in this col
upn, in tphich case only initials ,oitl
be used. Others piU be dnswered bv
mail. Address all inquirics, inclos-
ing a stamped. addressed enpelopc, to
Financial Editor. The Tribune, I5I
Nassau Street. Nc'c York City.
New-York tribune., 1922-03-14
Investment Information
Small INVESTORS Views

decide for yourself the best course to
follow
New-York tribune., 1922-03-14
Status of Postum

Quesf ion-Wll YOU kindly advise mo
Iour opinion of the Postum Cereal Com
panv. Inc. per cent cumulative pre-.
ierred stock. as set forth by ncloscd cir
cular2 W Y, Is.
Answer.-The earnings record Of the
old Postum Cereal Company as set
forth in the recently published state
mcnt and the balance sheet would seem,
in our opinion, to offer fair justifca-
ton for the capitalization Of the new
concern. When the securities of n
company which has been for years
owned by few individuals arc first
sold to the public there is almost in
cvitably an element of speculation in
volved and their investment character
remains to be demonstrated. This con-
dition we believe TO apply in a measure
in this instance
New-York tribune., 1922-03-14
Standard Oils

700 Anglo Am Oil. II w II ~,
1900 Atlantic Lobos. 97s 1l's 97s II
40 Imp OIL Can...102 lO2 10l 1ol
20 Illinois = L...11s l,S 40 I1o
500 Nat Transit e.. PIX a7s. 27i4 u 4.
40 Ohio OiL......27o 310 270 20
10 South Y L..... % 9o % 90
20 So Penn Oil...1H2 lS2 1S2 lSa
20 s Oil Ky eX d. .a95 40 400 $50
260o Oil of Ind. S7ts S75s S7is S7i4
20 g Oil Of n .37G 376 376 276
10 Vacuum On....339 1888 $50 $50
New-York tribune., 1922-03-14
Fountain Pen Enters Field

Question: have been a reader OF your
pager for years and admire your invest
ment information. had salesman call
on mo from the Dictator Fountain Pen and
Pencil Company, 342 Madison Avenue New
York, who was selling stock of the above
named company at st250 share.
called at the office to what il was
like and man who is their fiscal agent,
AIR. Whetcss. Thcr advertising was moth
inc to the way he talked about tho future
Of same. would appreciate very much n
you would advise mo on said com pary' 3
stock and its future. az am aware there
are considerable different pens in the mar
!.
New-York tribune., 1922-03-14
Federal and Joint Stock Land Bank
Bonds

Security. Rate. Due. Rid. Asked. Tisld.
1858 1925 ......... ...too,4 1919 AIS
1e4l 1881 -.......... ....1os~ 1855 4eo
Federal Farm Loan 4'ss
J?39192A .............. 95 40 A5a
Federal Farm Loan 4iss
l938-1923 ..,...-....... oS 30 $50
Federal Farm Loan las
19S7-1922 .............. os 90 4St
Chicago Joint Stock Land
Bank 5Ias, 193l-i95l.. .1031 104% 500
Chicago Joint Stock Land
Bank 5s, 1937-1940.... 90 100 sos
Chicago Joint stock Land
Bank 6s. 1851 .......1o1A 1o3ss sos
New-York tribune., 1922-03-14
or-Sccurities purchased for in.

vcstment should not be Judged by pre-
dictions Of future earnings, but by
demonstrated earning power over a
period of years. Until this company
has become firmly established in its
field, where. az you suggest it is likely
to encounter formidable competition,
there should not be any doubt in your
mind as to the speculative character
of the stock. Unless you can afford to
take this speculative risk, leave the
stock alone.
New-York tribune., 1922-03-14

mentofonc four grcatcstindustric..
Founded in I799, the Bank Of the
Manhattan Company has seen the
beginnings, andlnmany cases helped
TO foster the growth, of some Of our
mostlmportant industries. grasp
on the factors involved in prcscnf
day industry, together with its back
ground Of experience covering the
entire period of industrial devcl-
opment, enables the Bank to offer
service Of exceptional merit
The Democratic banner. (Mt. Vernon, Ohio) 1898-192?, 1922-08-04
Resolution No. t922--9

Be 1t resolved by the council Of the city
of Mt. Vernon, State Of OHIO, three
fourths of all members elected thereto
Section l. That a sidewalk shall be con,
structed at each of the following named
places in the City of Mt. Vernon, OHIO,
Said walks shall DE constructed In accord-
ance with the provisions OF an ordinance
entitled ITO establish width of pavements
ON sidewalks and fixing the kind of ma
constructed ON streets and parts OF streets
in the CITY of Mt, Vernon, Ohio" passed
Sept goth. 1907, and an ordinance amenda-
the kind Of material out Of which side
walks shan be constructed" passed June
LOCATION OF WALKS
In front of the property of Wilmot
Sherry, south side Fast Gambler ST. be-
IN '"f 1hs Of nuan @s side 4 t g aGslp GSSe
ST., from his west property line to west
side of Ridgcly 81
In front OF the promises of Michael
Run st.
In front of the PROMISES Of Albert J;
Henley, John I, Miller, G, u. VAL ana
West Chestnut 81, from the west side or
Mulberry 81, to the east side of Mechanic
In front of the property of ], A. Kelly
Estate on the east side OF South Mulberry
st.. between West High and West Vine
SITS and In front of blacksmith st.
In front of the property of the Pennsyl-
yamM Il. Il, co, ON tic south side of West
High 81. from Smoo;s' Warehouse to frat
railroad track west.
In front of the property of the Pennsyl-
vania r. II. Co ON the south side of West
chcstnui ~ from Lewis Street east tn
property line.
IN front of the properties Of Dorothy, =,
White, Nancy j. Myers Chas. III. Rowley,
G"ISie @ woS i IoS" 'gy gpd fshHSis' MaSis Kiikcnnss
Kate Darling, O.. NJ and Mary Ethel
Ethel \. karns on the east side Of north
Main St from the intersection of Wooster
Ave. and Main st. to Mound View Gene
N front of tho ngoperty Of Harlem
south. side of said st,
dSa N fr9"' gi ~ East S''HGss,S sSs 6 E's%i s%s On
the south side iof said BE-
of NSrtS %S sssriSc es ss. wsss nropsrss s1as
owned Jointly by Alice Brown LantE
Mablc p, Rrow,s and sRgah Belle Brow,
r. T., the e,n n: w. ,Sorher of Catherine ana
In from, OF the properties OF Mary L,
Smith. Alzina Ramsey. Mrs, NJ, A; Blan;
Furnace CO, along the East side Of South
Mekenzie ST. between East Gambler and
Section ., That the Clerk Of Council
be and hereby Is directed to cause writ
ten notice of the passage of this resolu-
tion to be served as required by law. :,
| Section g. That this resolution shall
take effect and be In force from. and after
the earliest period allowed by law.
| THOs. T.. AUSKINGs.
! President of Council
CHARLIE KrIGLEY,
Attest, HOWARD &. GATES.
: 7-26-2t-W. City Auditor
The Democratic banner. (Mt. Vernon, Ohio) 1898-192?, 1922-08-04
Ordnance No. is22-22

To provide for the issue OF Bonds of the
SS s OF Of ~ qnr siaV sne p%reoss or 0
tending the time OF payment of certain
Indebtedness which from the limits Of
taxation the city is unable to pay at
cS M If Sraasa M BY s is,s e9anS ~ dhc Sf the
Section l. That certain indebteane.s.s
&srnSa ohS wiz sF rSs s 's %s Nh
lighting the streets OF said city OF MI
Vernon, Ohio for the months of April;
t3@7.?i H. hereby netcrminsd and de-
plarel To In an existing, valid and bind
Ing obligation of said city.
the time OF payment OF said Indebted
ness, which from It's limits of taxation
the city of Mt, Vernon, Ohio Is unable
to paw at maturity there shall he issued
non, Ohio, In the sum OF s,,AL2i, pay
able at ne oiiiec, OF the city Treasurer
bcnring interest at the rate of Five and
num payabIr somi-annpaiiy, aud payable
4, n the sH" place nna snia bonds sha shSI
SS IN ''S Ss de"SSmnaton HS Ina ' of @ No. a. and s STA
hecome due October list, la3s Bond No. ,
shall be ~ the denominaiion Of s, 500,
likewise bonds No. 3. No, I aud No >
shall each be In the denomination of $500
and 9hall became due respectively October
.''' ,,n,..'' '''''"' '"'' W." "h' N'N'''Ni
Section ., Said honds shall cxpross up-
on their face the purpose for which they
were issued aud that they were issued
In pursuance OF this ordinapcc. They
shall he prcparcd, issued aud delivered
under the direction of the city Auditor
aud shall he signed hv the Mavor and by
the CITY Auditor aud sealed nv the cor
u0ratp seal OF said CITY: aud interest
counons attached tn said bonds shall I've
executed nv the CITY Auditor with his
SIGMA thereto. hp shall have his
sena turc printed or lithograrchd thereon.
said bonds. except the premium and Rc-
crued interest thereon. shall he used for
the p,irnose OF paying the Indebtedness
aforesaid and for no other purpose. and
the premium and accrued interest re-
ceived from such sale shall he trans
ferred 10 "Rond Payment Fund and ia
he applied In tho manner provided by
aec,ion 5, That the faith. revenue and
credit of the city Of Mt. Vernon are
hereby pledged for the prompt payment
pf hath nrincinal and Interest of the
bonds hcreinbefore described, IN accord
ance with the laws and constitution of the
section d. rhis ordinance shall take ef.
earliest period allowed BY BY law, WV Wv
Passed July ~. I'VE
Approved July ~ lhs?.
' CHARLIE KEIcLEy,
| Mayor
'7-sd-2t-w. city Auditor
The Democratic banner. (Mt. Vernon, Ohio) 1898-192?, 1922-08-04

impact his head striking a beam.
Bleeding at the nose and ears indicat-
ed a fracture of the skull at the base
Of the hrain. All that medical and
surgical skill could do was resorted
to in a ruthless effort to save the
life of the boy.
Howard Thompson was aged l3
years, months, 80 days. He was a
son of MIR. and Mrs. Frank e. Thomp.
son Of ner Fredericktown. He was
one Of family of II children, and
Is the first member of the family to
be taken from the home circle.
The funeral services will be held
Friday afternoon at o'clock at the
M. e. church in Fredericktown. The
services will be conducted by the Rev.
Mr.. Stockdale.
The Democratic banner. (Mt. Vernon, Ohio) 1898-192?, 1922-08-04
Perseverance
Class Meets

The Perseverance class Of the NJ.
p. Sunday school was entertained at
the home of Miss Virginia Murray,
North Catherine street, Wednesday
evening. At o'clock delicious pie
mic supper was served on the lawn to
2j members and two visitors.
At the business session plans were
made to hold a parcels post. party at
the home of Mrs. Milton Reeder, West
Chestnut street, the evening of Aug.
%.
The next meeting will be held the
first Wednesday evening in Septem-
her at the home of Mrs. May Scott,
West Walnut street.
The Democratic banner. (Mt. Vernon, Ohio) 1898-192?, 1922-08-04
Annual Reunion
OF Meyers School

The annual reunion of the Meyers
school was held Wednesday in grove
adjoining the Simmons church prop
erty near Meyers Corners, and was
attended by a large number of former
teachers and pupils of the school and
their friends and families 3.4y.qn
Following d number Of athletic con.
tests, horseshoe pitching and other
events short talks were made by w.
E. Weaver of Newark, Dana Mitchell
Of Chicago, J. H. Litzenberg, the Rev.
James Best of Sunbury, the Hon. G. G..
Weaver, Clell Perkins of o. s. U., Tor
renee Mitchell, Deputy Clerk of Courts
Glenn Sparks and others.
The Rev. Bets although eighty.two
years of age gave splendid talk and
has the honor of being the oldest liv-
ing former teacher of the school. To
w. e. Weaver of Newark, the presi-
er teacher having taught there forty.
dent of the organization for this
year. must be given a great portion of
the credit for the splendid program
and social time enjoyed by all. Mr..
Weaver is also following the Rev.
Best, probably the oldest living form
er techer having taught there forty-two
two years ago.
Officers for the following year were
elected as follows.
President-7Alvah CAN'T.
President-VViliam Frazier.
Secretary-J. Il. Litzenberg.
Treasurer. II. Meyers.
The Democratic banner. (Mt. Vernon, Ohio) 1898-192?, 1922-08-04
Samaritan Class
Holds a Meeting

The Samaritan class OF the NJ. p
Sunday school met Wednesday after
noon at TIE home of Mrs. Nathpn
Gard, West Gambler street, with 30
members present. After the business
hour, a social time followed and re-
freslhments were served by commit.
tee composed of Mesdams Work, Nc
Cready, Bennington and Card and
Miss Mae Meyers.
The next meeting will be held at
the home of Mrs. Fred Cole, Elizabeth
street.
The Democratic banner. (Mt. Vernon, Ohio) 1898-192?, 1922-08-04
FIFTEEN TRACTS OF
LAND APPRAISED

Sheriff B. III. Lytle was in Morgan
township Thursday morning assisting
In appraising real estate of the late
d. p. Campbell in the partition suit
of Hugh s. Campbell VS.. Mary Bell ct
al
Fifteen tracts of land were ap-
praised and will be offered for sale in
the near future, the date of the sale
to be determined later