davidaulloa/AmericanStories huggingface dataset:
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-12-22
Forbes Business and
Industrial Analysis

ymakes the great difference between
the workers. opportunity in America
and his lack Of opportunity in Rus
STA.
Let me tell the workman who
fears for his wages what lies behind
just ono of these stock dividends.
Each holder Of a 500 par value share
Of National Biscuit common stock
recently received seven new shares
Of S25 par value in exchange for his
old stock. making a total par value
Of SITS. or Il stock dividend of rs per
cent. About $22, 900, 900 par value
was thus added to the amount Of
stock outstanding.
Before the distribution OF this
stock dividend National Biscuit had,
according to it's latest balance sheet.
a profit and loss surplus accumulated
since it's organization in 1898, Of
nearly $4,000, 900. of which only
81, 500, 900 was in cash. Since 1S9S-this
should interest the workman-the
company has constructed sixteen
plants, giving employment to several
thousand men in Kansas city, IN
Pittsburgh, in Detroit, in Marseilles,
ILL.,, in Buffalo, in Philadelphia, and
in New York.
'Ine new 4\SIlOlidl IolStutI SWIM
certificates represent, in part, the
fixed investment of corporate saw
inss in these plants. which, by in
creasing employment opportunities,
have added materially to the we'll
being of thousands of workmep. They
take nothing from the workmen; they
give nothing to the stakeholder that
he did not have before. They rep
resent the fruits of twenty -four years
of thrift and good management. Dur
ing these twenty-four years the
stockhoIdcrA has received an average
of $3.50 annually on his stock, and
he has foregone dividends of about
So a share annually III order that the
Investment represented by the recent
stock dividends might be made in
plants that have added to Americas
Industrial progress"
Nobody has to convince me of the
value OF very substantial surplus.
Indeed, it is because I think so much
OF SURPRISES that I question the wis
dom Of what is now going on.
would rather see American companies
backed by substantial SURPRISES than
see them expand their capital stock
in the way capital stocks are now
being expanded and surpluses wiped
out. To my mind this procedure
weakens rather than strengthens,
company.
One thought suggested by the in
ordinate magnitude Of some of the
stock dividends now being declared
is this: Were the huge corporations,
especially those occupying a domi-
mating position in any industry, jus
titled cthically in charging you and
me such high prices for life's neces-
saries that these corporations were
able to build plant after plant who'll
ly out OF the money we supplied,
without calling upon stockholders for
single dollar of additional capital
to Euild these costly new plants?
1 cannot but feel that this whole
stock dividend mania is of very ques-
tionable wisdom.
Copyright. 1922, by B. c. Forbes)
Are YOU making full use of the
Want Ads?
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-12-22
Many Trying For
Tiger Cage Team

About 55 boys have been out for
the Pensacola high school basket ball
squad. Of this number, 20 have shown
up exceptionally we'll and there will
be a fight for every position.
% Only one game has been arranged
thus far. the New Year game with
the P. H. S. alumni at the 'Y" court,
but Manager Pierpont will begin
booking games after the Christmas
holidays.
Four of last seasons letter men are
back, Marsh. Mitchell, Stearns and
Brent Watson. OF the new men,
Loftin, Tommie Watson, Hall, Mara
sales and several others are showing
promise.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-12-22
Quiet Time at
Police Station

Christmas holidays usually keep the
local police busy but this year is an
exception to the rule, at least 1t has
started out to be.
Only eleven arrests were made by
the police yesterday and none after
8 o'clock in the morning. Ten of the
arrests were for petty disorders and
the other for alleged violation Of traf-
fic ordinances.
Several cases were brought up In
the city court yesterday. The defen-
dants were charged with fighting and
drunkenness. Fines Of IS and SO and
costs were imposed.
The Want Ad represents the largest
proportion of newspaper readers
represents their needs, their conf
dence, their increasing business.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-12-22
BY q. c. FORBES

af. b BY b. u FORbES
Are manufacturers entitled &c
arge the highest prices they car
ssibly get for their products?
aasRveryone entitled to dispose OF
I EBFoduct at the biggest profit he
, 4 realize?
Il K .crifcizcd last week the current
3iia tor declaring stock dividends
\ 5every conceivable kind Of com
: ~ in the country.
1aTc. popley. Jr. of New York, an
7, otEtyson< securities and corporate
~ noes, r4lisdgrees with my prescn-
i. tion Of fhe facts and explains, quite
Y l'lfIy, How most SURPRISES are Great
~ bow they have benefited both
.'frrkers and consumers as we'll As
and how America s
4 1915 Industrial and financial struc-
/, l8s hag been strengthened and de-
F. htsed Through the accumulation Of
s,fplas4s.
h. Iii. FDoniev writes:
= Sgsually ] find myself in complete
g,,.c6rnent with your viewpoint, but
I.rnr column. with ths quoted letter
KIN z workman and your opinions
a . to stock dividends and their rela-
TN to capital and labor and the
.3pres of labor, has stirred me with
III conviction that your laboring
{ ,ond has gone wrong in his thinking
i. fd that you have confused ques-
ssh of policy concerning the possible
Ala timental effect of numerous stock
.idend declar1t' ons with that OF
Y Fancial principles.
~ SYour workman correspondent re
'htgeto stock dividends as something
s,rf never was a part Of tho invest
4 ht.sof the corporation and is worse
Stnt watef.'
/ sYou speak Of Wholesale initiation
JEyI Of the 'ladling out Of hundreds
I'D hundreds Of millions Of dollars
/ (. stock dividends
4sFf-I had all Of the statistics avail
: lie. could prove that, with per-
: ps a, very few exceptions, iocapi-
D ization has not involved water
q z and that there has been no
Wholesale inflaTion '-hoth Of which
kercnces I would take TO mean an
& lHreasc in capital stock dispropor-
Z 3 nate to an l UnWar.TDted by In
haSes I'm capital assets. Moreover,
Tecl that your !" ference 10 inc Idu-
-g out of dollars in stock dividends
2 liable to m.slead those Of Your
4 ldcrs who may not stop to think
n at a dollar Of stock, dollar Of 'pra
Sthlc,' Is something quite different
yn a dollar OF hard cash. Corpora
"ns have not been l2dling out dol
IS: they have simply been issuing
Is increased number Of stock GER
.eJcates to take the place Of others
\ presenting the Stockholders inter
.ft in property which has in no wise
. en- added to by the process Of en-
Waving pieces of paper.
'a"All the stock. dividends that I
low about have been based on
.Irncd surplus. which is nothing
Cher than the savings of capital
ut these savings are only to a very
iaH extent the form of cash in
t,nS; they are mainly in the form of
Nd Investments in plants and ma
\ 5hery which serve to give greater
!. 1ployment to workmon, Capitals
4 lRty 10 earn, this money, save it,
I'D rclnvest IL in plants is what
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-12-22
For An
Electrical
Christmas

Happy, indeed, is the woman who re-
ceives Electrical Gifts on Christmas
morn. An Electrical Toaster, Vacuum
Cleaner, an Electrical Washing Machine
or Iron, an Electric Grill or Percolator,
Waffle Iron, Toaster, an Electric Heat
er, Sewing Machine Motor, Heating
Pads, Curling Irons--every article named
will be most pleasingly received.
Profuse thanks will accompany such
gifts for their beauty, serviceability and
labor-saving.
And there are electrical gifts for
every member of the family. Whether
it is for father, brother, sister or mother,
one of these gifts will fill a long-felt
want.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-12-22
Tiger Is Home
With Two Boxes
Of Grapefruit

PARIs, Dec. 2O.-Georges Clemen-
ceau, Frances noted wartime pre-
n1ier, returned to Paris today from a
thirty nine day trip to the United
States. He brought back with him
what he termed the happy remem-
brance that the people of America
still love France and also two boxes
of ape-fruit, which he declared
would contribute 70 his longevity.
Although he seemed to be in rarely
good natured mood, nevertheless close
friends affected TO see evidences that
his strenuous tour in the United
States had left it's impress upon him.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-12-22

ignomy OF being with a cellar club
He is one of 140 students taking the
bar examination at Jefferson City,
Missouri.
That's a new one on us. Joe Ev-
ans quit the game to become a doc
tor, but we didn't think Of this. And
then they say the game isn't becon1-
ing scientific.
But they lose good receiver In
John Shuttle. who will bolster the
penant chances Of the Browns next
year. !
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1922-05-26
ST. JOHNSBURY
Local News

DR.. w. A. Cages office will be
closed from Saturday morning to
Thursday morning. Advertisement.
Born at the home of Mrs. Bessie
Blakeley, Thursday night a son,
Everett Ward to Mr.. and Mrs.
Joseph y. Gibson, grandson TO DR..
George w. Ward.
Mrs. Della Brown and John
Getcheil of Plainfeld have been
visiting Gorham c. Getchell.
The annual meeting and ban
quet of the St. Johnsbury Business
and Professional Women's club
will be held Tuesday evening,
June 6 at $50 at the Maple Grove
Tea Room. Arrangements for the
banquet are in the hands of Mrs.
f. w. Magoon, Miss Jeanette
Smith and Miss Florence J. May.
Plans for the meeting were discus
sed at a special meeting Of club
members at the Woman's club
house Thursday evening, presid
ed over by the president, Miss
Mabel Spencer. Various matters
OF business were discussed parti-
cul9r ly the subject Of a permanent
club house.
JJr. w. A. Gage attends the semi
annual meeting of the Vermont
chlropractic association in Montpe-
ler Saturday afternoon and the
banquet in the evening, and goes
from there to his old home in New
York state to spend Memorial day.
The hospitable home of Mr. and
Mrs. Charles H. Stevens was open
ed Thursday evening to card
party held under the auspices of
st. John de Crevococur chapter,
DAUGHTERS of the American ReVo-
luton. Following refreshments
Mrs. A. T. Grint. regent Of the
chapter, spoke Of what the chapter
had done in publishing the history
OF St. Johns bury and also exhibit
ed the solid gold media to he
awarded to the members of the
graduating CLASS in St. Johnsburv
Academy most proficient in Amer
lean history.
Miss Sadie P. Cameron who has
'fJtiil tiiC NIIlCi III INCW " ~ CITY.
arrived in St. Iohnsbul~- Thursday
where she will spend the summer.
Miss Mary w. Ellis of SPRING
field, Vt, is the guest of Mrs. Alth-
ur T. Stone for a few DAYS.
Rev. f. B. Richards will be the
Memorial day orator at Pielmont,
N. H., this year.
Mr.. and Mrs. Robert Ward left
Friday on a motor trip to Boston
where they will visit Mrs. Wards
brother. Harvey Car1-ick.
Mrs. Frank Eaton of Middlebuly
is visiting st. Johnsbury friends.
Paul F. Herrick of Springfield,
Mass, son of DR.. and Mrs. ]. T.
Herrick, who are well known in St.
Johnsbury is seriously i'll with
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1922-05-26
EARLY MORNING
WEDDING AT
PARSONAGE
Miss Arlene PerrigO and
C. Robert Johnson
Married

At the parsonage of the North
Congregational church at seven
o'clock Friday morning, Rev. F.
B. Richards united in marriage
Miss Arlene Perrigo, daughter of
Robert Perrigo OF Springfield,
Mass, and g. Robert Johnston,
son of the late DR.. G. r. Johnston
of Chicago. The double ring
ceremony was used and the only
attendant was Mrs. H. +. John
ston of st. Johnsbury, aunt of
the groom. Mr.. and Mrs. john
ston left Immediately after the
ceremony on a motor trip to Mon
treal and other Canadian points.
The bride was attired in a travel
ing suit of Foch blue velour with
tan trimmings and wore a black
nat.
Mr.. and Mrs. Johnston are 10
make their home at 5 Pine street
with Mr.. and Mrs. H. f. Johnston.
The groom is associated with his
r-in-laW, Clifton Perrlgo in
the firm of Perrigo and Johnston,
automobile accessories and vulcan
ling. He recently resigned from
the st. Johnsbury Fire Depart
ment Of which he had been chief
for year and a half to enter the
business with headquarters on
Po"+land street He is a native Of
Chicago but lived for some years
Oe4ore coming to Danville and st.
Johnsbury in Hesperler, Ont.
Mrs. Johnson is the grand
daughter Of the late Mr. and Mrs.
Charles G. Perligo Of st. Johns
bury with whom she always made
her home. She was graduated from
st. Johnsbury academy in the
class of 1918 and attended the
Sargent school of physical educa-
ton in Boston. For the past two
years she has been employed in
the office of the Plymouth
Creamery company and will con-
tinue her work there.
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1922-05-26
Six GrandsOns Acted
AS Pail Bearers

Mrs Eliza Ann Cole, widow Of
Henry w. Cole was buried Fri1ay
IA III. Plea SAINT cemetery follow
ing funeral services held 1T st.
Andrews church with her rector,
Dr.. A. ?. Grint officiating. Six
grandsons acted as bearers. Mrs.
Cole died May II at tie home Of
her son, George Col4 in North
Danville. She had ma L her home
there for the uast two yeas with
occasional visits to che homes of
'"r children IN ST John~bury.
Mrs. Cole was Q woman of unusu-
al strength Of character She
was pronounced in her views ana
strong in her convictions. :
lifelong member Of the Episco-
pal church, she was devoted to che
services and to the worl of st.
Andrews parish.
Eliza Ann Croker, daughter of
Mr.. and Mrs. George Croker, was
born in Carbonear, Newfoundland,
February %, 1912. In he" native
town in 1859 she marie Henry
". Cole. Thirty-two years ago
they came to St. Johnsbury ard
Mr.. Cole died here in 1904. Nine
children were born to Mr. and
Mrs. Cole of whom six are living,
George of Norm l'anviile, Henry
C,le, Emma, wife of John BURDEN,
Martha, wife of B. {. Ii ellcy u
St. Johnsbury, Lena. wife of SAM
uel Burden Of Everett, Mass, and
Susie, wife of James Perkins Of
Danville. Mrs. Cole is survived
by Is grandchildren and tie great
grandchildren.
Six grandsons acted as bearers,
Henry and Perley Cole, William
and Harold Clark, Harry Petty
and George Perkins. Among the
many floral tributes were a cross
and a pillow, the former from the
children and the pillow from the
grandchildren. Mrs. Samuel Bur-
den of Everett was with her
mother the last week of he~ illness
and a nephew and niece we're
here to attend the funeral, Josiah
Saunders and Miss Mary Ann Ev-
erett of LennoXville, P. Q.
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1922-05-26

pneumonia but al the present time
is considered a little better
Mrs. Robert P. Nichols left the
Fitch hospital Friday, convalescing
from a weeks illness.
George c. Cary is in New York
on a business trip for the George
c. Cary Maple Sugar Co.
DR.. f. H. Ross, Jonas H. Brooks
and c. NJ. Berry leave Saturday
morning for the Scott Fish and
Game Preserve near Quebec on a
ten days fishing trip.
Bert Reynolds of Jacksonville
was a business visitor in st. Johns
bury Thursday.
Dir. F. ". Magoon, James A.
Spare, II. b. Marchesseault and
Donald McGregor left Friday
morning to attend the Shrincrs'
ceremonial in Concord, N. II.
Theodore Beck is spending a
few days in Canaan, the guest of
Langdon Cummings a former
schoolmate at st. Johnsbuly acad-
envy.
Mr. and Mrs. Henry Leet Of
Topsham are sepnding the week
end and the holiday with their
daughter, Mrs. Ralph Sherry.
Miss Pauline Beck leaves today
to visit relatives in Winchendon,
Mass.
Mrs. A. D. Wilcomb who has
been i'll at Cleai View Sanitarill,n
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1922-05-26
Nellie Gill Players
Feature at Colonial

"Afor+ba- Rv-Tha Doy1p ,,,as,
nrasantad NV tho Nollia en- plaa-
orc ~ tho GoinniaI TN pboo4i 'li Wy 10y
nesd,,. NV nyoni o.oi''| ia ,l r'odeie ~
t;rot h;t NH tba a'e' a, -,j{'g p r's
tic,,Ia,.i,, 'n MN, s'v ''''v11e a. a,
smoothness and 6n;sb Which nal II
cd ~ ta ,'4 -,'' ~ ,,'oli 'l';l
~ o NV NY ~ aHe p o1u{ oiom
no fna aIoya4i.o 1911 t tJo' so so
1be conoed, ''''''7 '''0i @ ''''e u
THO loo33;,n Iod,, Nar+bo Claw
san ,laTod 5v Toll;a ~ - IN III ''1 "o "
+6n Id P'" 81 ~ WY 0,iH;on IN -, T ho
rns A. wiz +b"t 80 n,'a,' h,,o,, ne
rnde,. H. n,as ~ t,,,.;n c;'.c,' -,
stances All Of 10 ne,.ts we've
u-on oho,.orta,.ya1 hl 10 oal+
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1922-05-26
Teacher Refuses to
Eat With Negro Boy

RUTLAND, Vt, May 26-Er-
win Batchelder, science teacher al
Vermont Academy, SaXtons Rive,
has resigned as a result of his re-
fusal to eat at the same table with
negro boy who recently arrived
at the school from Haiti. The
request he received to resign was
the outcome of alleged insolence
to the faculty over the Haitian.
Mr.. Batchelder is a graduate Of
Dartmouth, 1921.
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1922-05-26
DYE OLD DRESS
OR DRAPERY IN
DIAMOND DYES

Buy Diamond Dyes" and follow
the simple directions in every pack
age Don't wonder whether you
can dye or tint successfully, be-
cause perfect home dyeing is guar
anteed with Diamond DYES even If
you have never dyed before. Worn,
faded dresses, skirts, waists, coats,
sweaters, stockings, drapelies,
hangings, everything, become like
new again. Just tell your druggist
whether the material you wish to
dye is wool or silk, or whether it is
linen, cotton, or mixed goods
Diamond Dyes never streak, spot
fade, or Observation-Disclosures.
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1922-05-26
Senator Page
Incorporates Business

Articles have been filed IN the
office of the Secretary of State at
Montpelier Incorporating the calf
industry of Senator Carroll S.
Page Of Hyde Park, The business
is that of dealing in calf skins,
hides, etc, real estate, and acquir-
ing and disposing of water powers,
fiowage rights and the develop
ment Of water power. The par
value of the shares is fixed at $50
each.
The capital stock is 100000
with power to increase to 100000
and the official name of the corpo-
ration is Carroll S. Page, Inc, The
ineorporators are r. S. Page, l..
N. Drew. H. A. Moves, r. w. HUI
burd and p. II. Scribner, all Of
HYDE Park.
The Caledonian-record. [volume] (St. Johnsbury, Vt.) 1920-current, 1922-05-26
GREENSBORO

GREENSBORO - Thirty-fve
school superintendent from all
parts of the state have been hold
ing an outing and conference at
Caspian Lake. State Superinten-
dent Dempsey is their guest.
Rutland-T. Yabashi, of Toxic,
Japan, head Of q marble industry
employing 300 men in that coun-
try, has been here looking over the
marble ouarries and ordering ma
chinery. Two carloads has been
sent TO Yabashi's plant.
Norwich bulletin., 1922-07-28
EIGHT POLICEMEN WERE
 BADLY BURNED BY A STILL

New York, July 27.-Eight policemen were burned severely this evening by the explosion of 100-gallon still they had seized with a smaller one in a house in Jamaica, L. I. Five of the injured, one of whom was not expected to live were taken to hospital.
 The explosion partly wrecked the house. setting 1t ablaze with the shower of flaming alcohol that. fell on the group of raiders. The building was de- stroyed by flames before fremen ar rived. Two policemen, who were remov- ing a .hfty-gallon still, found in the cellar, were blown through a window. Carmine Pizza and his wife, who the police charge with having threatened to
 shoot them when they entered the house Alexander Bruno, her father. An thony, his son, and, John Defio, were arrested for violating the liquor laws Mrs. Pizza also was charged with felon.- ous assault. A quantity of alcohol and | whiskey was confiscated.
 When .Pizza was arrested, the police said his wife, who was first observed seated with revolver in her lap, threat ened to shoot. They quickly placed theil prisoner in front of them and the wo man was dissauded from firing througf l fear of Wounding her husband.
Norwich bulletin., 1922-07-28
FOUR wAR-BORN NATIONS
 GET AMERICAN RECOGNITION


 Washington, July 27.-Four more n4- tions born of recent wars in Europe. three of them occupying territory that formed part of the disrupted Russian empire. have been accorded American recognition as full hedged independent governments
 Already recognized by the principal European powers, the three constituted from former Russian dominions, Estno- nia Latvia and Lithuania, are to b. treated as soyS ,eIgn . tie>s' by the Unl.- ed States because they have established ed political and economic stability. not attained by their bolshevik, neighbors.
 The other state to receive recognition 1 Albania, was constituted in the course of the Balkan wars, and althought its development has been handicapped by many complications, a recent special in- vestigation by the state department con Tinced officials here that it was entitled l to 8 footing of equality in the family of Balkan nations
 1 In announcing. recognition of Estho. mia. Latvia, and LitfIuania, the de-pers ment declared in formal statement to- night that the move meant no breai l down in the American policy of oppos ns alienation of Russian territory. ,but sim ply was result of the evidences G stable independenence given by "an 'r digenous population. during three year l of divorcement from the remainder O | Russia
Norwich bulletin., 1922-07-28
BASIS SUGGESTED FOR
 RAIL STRIKE SETTLEMENT

Chicago, July 2T (By the A. P.).-The basis of possible settlement of the strike of some soo.oe railway shopmen was suggested by .a member of the United States railroad labor toard tonight as follows:
 1. Shopcraft men who remained at work to go to the head of the seniority lists, taking precedence over all those who struck.
 2. Strikers to regain pension privi- leges and seniority rights, but to rank below the men who remaine5 loyal to the roads, but ahead of new men taken on during the course of the strike.
 3. New employees who have been fill ing places of the strikers to be kept ir the service of the roads, but to take only seniority to which they are entitled by length of actual service. f. Shopcraft men who struck to return to work under the wage scale and work ing conditions put into effect by thu l labor board on July 1St pending re hearing by the board. 5. Railroads to stop outside contract i ing, to establish regional adjustmen boards, and to drop all possible damag' suits growing out of the strike. It was pointed out that such settle ment took care of the strikers the loya employees and the new men and provides | for the submitting of the original grtev ances to the labor board.
Norwich bulletin., 1922-07-28
THOUSANDS AT FUNERAL,
 OF MURDERED BERTHA KArs

New York. July 27.-Bertha Ratz ths girl whom her sister. Mrs. John !. Eeir. Ter says she killed for stealing t1s love of her husband John the Barbers sport promoter. was buried today. vhiIs thousands packed the streets near nsr late home and police resevs fought ,o Keep the -steets open.
 John the Barber" rode fn th. raoond coach. With him were two of hIs x;s- ters. both of whom showed a CiSnosi- tion to stand with him against attsctr, rom the crowd As the coach started "a woman on the sidewalk said somethinr insulting. One of the sisters teamed o;Jt or the window, grabbed a mans h.t and hurled 1t at the woman as the otbey sister spat at her brothers annoyer. -.
 As the small procession-there vers only hearse and four coaches-passed through the lanes of people, women Or, the sidealks set up monotonous lanen- tatlons- Scores of taxicab drivers vto had hoped to get fares to the cereterg were disappointed, as none wished to go. - District Attorney Ruston said Ae would present the case to the grand jurs, on the theory that all four held-Arss. Reisler,- her son, Morris and Georre. 4fs5 her brother Max-were equally guil.ys T will let the grand jury decide wEo should be indicted" he declared.