davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-02-22

Romig about ten Yards back. The Penn
S1ate star used poor judgment in ae-
cepting Prim's sloa pace in the 4rs.
mile. for it killed whatever chance
"Blondy' had 10 equal the record.
Romig went INTO the lead at .he end
Of the next lap ard made runawav
race o. 1t. He was timed in tO:01 az
at the two-mile mark, and was full .sf
running at the finish.
New-York tribune., 1922-02-22
n. y. L. Quintet Beats
Georgetown Five. Bill

Playing 8 fine passing game the New
lerk University quintet outplayed
Georgetowns basketball team by the
score of 81 to II, al the Universit,
Heights court last night. The score al
half time was II to 6. Eatterer. play
lne right forward for n. y. T.. scored
three field goals and fifteen goals in
eighteen tries from the foul line.
The High School of Commerce de-
feated the Violet freshmen in q pre-
liminary game, 26 to 2l
New-York tribune., 1922-02-22
New York A. c. Swimming Team
Captures 200 -Yard Relay Race
The Summaries

aoo-yard relay swim ('aetTonolifan A.
4 L ohamponshiu} Won by New York
d. G first team OH Noliner, Or Il. Nelli-
gan. r Wildfors'or. " l.. JelNffhel, ad
heat for second oe e'ween Brooklyn Central
Y NJ c. A a. Arnold. L. Helwie, II.
T3clin. Y X fe) ana New York A. c. sec
one team (J Smith. T. Ruddy, c. Ross,
\. Nerich). Time-l:a IS
15oysrd back stroke swim (metropolitan
Cicbel, New York A. c.. Leo Giebei, Rut-
gers COLLEGE second James " Hail Poly
Prep schooi, Brooklyn, third. Time
s0-ya~d swim icc)-Won. BY Norris
Erucker, Boys Club: Matter Puckharber.
central Y. ". &. A. Brooklyn, second X.
Cowen Columbia University third Time
--0.eo 9-5
loo-yard swim (handicap) p)-Won BY Al
Nlnaetto Central y NJ. c. 4. Brooklyn
Gos g. second George Nodine Central
y. :. C.. g.. brooklyn ci5s.). tAirG. Time
WATEr. POLO
Position. \ Y. A. c. $50 Yals 60
G ..,.... Noilmer .....'...-. .......... Graham
+ F........1 Huddy (capt.p ...... Fleish1nan
I .+...... Kennedy .....+..-. .......- Langner
n Smith ..-..-... ...........--.... Hes
S..|.....-. CIrron ...--.. ... Clock
u -.-.-.-- hnfyea ..-...... tcapl-) tssnec
Touch goals New York a. C.: VoAmer
(51 Kennedy CD Thrown goals ale:
Graham. Goals from foUl-Ysle. Graham
(s1 Substitutious-NeE York g. C:
Swami for Duryea, Wildforster for yoll-
me-. Yale. Cornell for i'ieishman, Crit
t"nden for Graham. Referee III homas Nc
Carihy. New York 4. c.
New-York tribune., 1922-02-22

Goals from held-Hatterer Co. Toorocl
- Masiiine, Goeller, Dorn, Flavin t3e.
Za2zali Goals from foul-Hatterer. Is out
nj II. Florence ts). Schmitt Sube1itutcs-
= T. L.. Bates for Goeller. Goeiler for
Aasiline, BleTcc for Hstterer Weather
Florence. Florence for Schmitt Schmitt
ior fiaNin. Referse - Mccarthy, Lehieh
Cnplre SHAW, Bayonne ! NJ c. A. Tim
Of haIVes=2O fnInutee
New-York tribune., 1922-02-22
Appleby i,ns
International
Billiard Title
National Champion Scores
Decisive Victory Over
Percy Collin in Final

FINAL STANDING OF PLAYERS
New-York tribune., 1922-02-22

Ary Bos. Holland
.. o.. ! Q. i, I. o. .. n.
q. & O, 9. %, 3. o. o.
(niuuS one for miss.
Average, s 4-aT; high
!. : Cope Morton. 2
s.. G. :. 4. Q. o. 2. q.
3 II. r, 4 q. !. ., j.
s.. Total. 22S poin
hign runs, ~. - and .
New-York tribune., 1922-02-22

, 7, . Z, -, / 3. ..
-, 0, 8, Z. %. 80. J.
"a. I. o. q, IL. 10.
Total, 30o points.
runs. -, 81 and q.
'h.ladelphia !. 3, o.
. q 4, >, -. 8, 3. !.
~, Z o, 5. {. 3. 2J.
It's, sNera ge, : 6-37,
Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1922-03-30
GRAFTON CONTEST

Junior and senior high school stu
dents in Maryland will compete with
those of the District of Columbia for
a series of cash awards, amounting to
a national total of $4,000. This mon.
ey is contributed by Henry Morgan
THAI of New York, and is to be award
ed for the best orations or essays on
the Near East. The awards are as
follows:-State prizes: First, SIS; sec
ond, $40; third, SIS. National prizes:
First, $500; second, 5000, third, 500
The orations or essays must be de-
livered at commencements, or other
public events, the theme must be some
phase of the present political or edu-
cational or individual conditions in the
Near East in those countries under its
field;-Turkey, Syria, Palestine, Geor-
gia or Armenia, and must include u
discussion of relief activity as related
20 these countries. The orations or
essays must be not less than 1900
words or more than 1000 and type
written copy must be delivered to the
Near East Relief State Office, IA West
Franklin Street, Baltimore, not later
than June 18th next, where further
details may be obtained.
Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1922-03-30
LETTER FROM FINANCE COM
MITTEE OF MEMORIAL
PARK

This is to again remind you of the
memorial to our boys. Memorial Park
must be started this spring even tho
it will take some time to complete and
beautify it as it should be.
No one, we feel quite sure, will re-
fuse to help to the fullest extent of
their means. You will feel deep and
growing interest in spot that will
ever have sacred memories clustering
around ia spot that will show our
gratitude to the boys. Future gener-
atoms will learn to cherish and revere
it. It will be a most appropriate place
for Memorial Day exercises.
Subscriptions will be asked for during
Easter week.
Please think this over and be ready
with your subscription.
Finance Committee
VIM. J. Stoner Chas. c. Waters
L. s. Birely John G. Jones
E. L. Root JOS. c. Gernand
p. N. Hammaker
Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1922-03-30
MT. ST. MARY'S BASEBALL

The candidates for the baseball nine
of Mt. St. Mary's College are being put
through thorough training by Coach
Eddie" Hooper.
He is pleased with the prospects
in every department except upon the
mound and is by no means despond-
emit over the outlook there on account
of the large number of candidates who
have asked for tryouts on themound.
Manager Charles Gable-has announc-
ed the following as the playing sched-
ule for the Mountaineers:
April S Penn StateForestry at home.
April II Manhattan College at home
April %, Bridgewater College at
home.
April 81, William and Mary at home
April 20, St. Johns College at home.
May 8, Dickinson College at home
May 6, Western Maryland at home,
. May II, Frederick at hom9
May 1S, st. Johns College at An
napollS.
May 10, Washington College at
Chestertown.
May 20, Catholic University at
Washington.
May 20, Western Maryland atWest-
minister.
May rs, St. Joseph's, Philadelphia:
at home.
May q, Franklin and Marshall at
home.
May 80 Washington College at home
June 2, Dickinson College at home.
June 10, Gettysburg at Gettysburg.
June IS, Gettysburg College at home
June IA, open at home.
Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1922-03-30
PAY ALLOWED FOR WORK ON
COUNTY ROADS

Announcement has been made by
the Board of County Commissioners
of Frederick County of the compensa-
ton allowed district road commission
ers and other employees for the year
1922. Since the first of the year the
commissioners have been appointing
.oad supervisors for the districts over
which they have charge and practic-
ally all of the supervisors have been
named.
For each hour that the road COM
missioners shall work they are to be
paid 25 cents. All supervisors living
over 10 miles from Frederick will be
Allowed 10 cents per mile for all over
that distance in going to Frederick to
settle their accounts once year.
Following is the schedule of the rate
Of pay: For road machines and four
horses and man driver, per hour 60
cents; for road machine and five horses
and man driver, per hour 65 cents; for
.'oad machine and six horses and man
driver, per hour 10 cents; for wagon,
four horses and man driver, per hour
60 cents; for wagon, two horses and
man driver, per hour 40 cents; for a
cart, one horse and a man driver, per
hour 35 cents; for pillow or scoop,
two horses and man driver, per hour
10 cents; for an able-bodied man, per
hour, 20 cents; for an able-bodied man
working road machine, per hour, 20
cents; for traction engine 16 h. p. or
over, fuel, engineer and fireman, per
hour, $3.50.
Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1922-03-30
NOTICE TO CONTRACTORS

Sealed proposals for building one
section of State Highway, as follows:
Frederick Co. Cont. No. Fac, One
section of State Highway from end of
Cont. No. F-27A, to Urbana, a dis
lance of 200 miles (concrete.)
will be received by the State Roads
Commission, at It's offices, COL Garrett
Building, Baltimore, Maryland, until
IL NJ, on the 18th day of April, 1922,
at which time and place they will be
publicly opened and read.
Bids must be made upon the blank
proposal form which, with specifica-
tions and plans will be furnished by
the Commission upon application and
cash payment of $1.00, as hereafter no
charges will be permitted.
No bids will be received unless ac-
companied by certified check for the
sum of Five Hundred ($500) Dollars,
payable to. the Stats Roads Com
mission.
The successful bidder will be re-
quired TO give bond, and comply with
the Acts of the General Assembly of
Maryland, respecting contracts.
The Commission reserves the right
to reject any and all bids.
BY ORDER of the State Roads
Commission this 23rd day of March,
1922.
L. H. Steuart ]. N. Mackall
Secretary Chairman
3-3O-2t
Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1922-03-30
Children Cry
FOR FLETcHER'S
ASTO RIA
LARGE ELEVATOR

Additions to the Western Maryland
Railway grain elevator at Port Gov
ington which will make it the largest
structure of its kind in the world are
expected to be completed before July
in time to receive shipments of the
new harvest, according to ]. A. Peter
son, superintendent of elevators. Mr..
Peterson announced that rs storage
bins, with capacity for 100000
bushels, will be added to the elevator,
which already has capacity for $500
900 bushels. The cost of the project
is estimated at more than $525, 900.
Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1922-03-30
500 Reward, 500

Tho readers Of this paper win DO
pleased to learn that there 10 At least
one dreaded disease that science has
been able to cure In all its stages and
that 10 catarrh. Catarrh being greatly
Influenced by constitutional conditions
requires constitutional treatment. Halls
Catarrh Medicine 10 taken internally and
faces of the System thereby destroying
the foundation of the disease. giving the
patient strength BY building up the con-
stitution and assisting nature In doing its
faith in the curative powers Of Halls
Catarrh Medicine that they offer One
Hundred Dollars for any case that It fails
to cure. Send for list Of Testimonials.
Ohio. Sold by all Druggist. TO.
Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1922-03-30
c. THOMAS SUMMERS COMES TO
CITIZENS SAVINGS BANK

The Central Trust Company of
Maryland announces in it's advertising
space of this weeks Clarion the ap-
pointment of Mr.. C. Thomas Summers,
Assistant Treasurer of the Central
Trust Company of Maryland at its
home station in Frederick, to fill the
position in charge of the Thurmont
Station of this institution made vacant
by the resignation of Mr.. Stanley R.
Damuth. 1t is understood that Mr..
Summers will Immediately move his
family, to Thurmont, occupying the
bungalow recently completed by Mr..
Chas. C. Waters on East Main Street.
We feel that the community is to be
congratulated upon the acquisition in
to its business and social life young
man of Mr.. Summers ability and
standing. He has been associated
with the Central Trust Company of
Maryland for the past eight years,
and is looked upon by the company he
represents DIS OilC VI Iuc iiooI SaPooiS
of it's younger executives. Mr.. Sum-
mers is member of the United Breth-
rem Church in Frederick, taking an
active interest in religious work. He
is the teacher of the Mems Bible Glass
of the United Brethren Church, the
second largest class in Frederick, and
is actively identified with the social
and business life of our county seat.
In addition to his business ability
and other qualifications, Mr.. Summer
has a most engaging personality, and
we believe he will lose no time in ac-
lively identifying himself with the
different phases of our community
life. The Clarion takes this oppor-
tunity of introducing him to our COM
munity and wishing him success in
his new position.
Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1922-03-30

A flock of about fifty wild geese, on
their migratory tour, passed our way
on Friday.
Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1922-03-30
Found a Cure for Indigestion

81 used Chamberlain's Stomach and
Liver Tablets for indigestion and
find they suit my case better than any
dyspepsia remedy ! have ever tried
and / have used many different medi-
cines. ! am nearly fifty-one years of
age and have suffered great deal
from indigestion. I can eat almost
anything l want 10, now" writes Geo.
w. Emory, Rock Mills. Ala. These
tablets contain no pepsin but strength
en- the stomach and enable 1t to digest
thu food naturally. AdY.
Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1922-03-30
AryTOIsTs PAY FINES

For speeding, having no tags, lights,
ETC., autoists of the State paid, for the
week ending March %, $2,126; 1854 of
this was reported from Baltimore City.
Frederick County fines amounted to
only $45.
Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1922-03-30
Some garden work has already be-
WORKING IN EMMITsBURG

Mr.. G. C. Weddle and his force of
carpenters are engaged at work in
Emmitsburg, rebuilding the Amman
home which burned last winter. They
will also build bungalow for Mr. M.
J. Thompson on the lot on which for
merly stood the old Opera House.
Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1922-03-30
Monday, April 8, Gem Theatre
FRACTURED RIB

Miss Margaret M. Johnston, of Bal
timore, in letter to her niece, Mrs. G..
E. Cassell, Jr., says she has recently
had two falls and fractured her rib.
What caused her to fall and when, and
and just how serious the injury we do
not know.
Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1922-03-30

Hog Cholera is reported to exist
on tho premises of j. w. Cordell, near
Nd.
Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1922-03-30

The robins are sure making noise
like spring.
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1922-02-05

Corporation il only 10 cents q ION
We cannot be altogether certain llhl
this advantage, whether du" {" M
tural factors or " management WIN
be permanent. These mines hi't
been free from disas' eruUS explosions
Trey are stnl working ctCsc iu the
outcrop. W. before the reserves
credited TO the present %opcninEs nav
been finlshed. the difficulties mnN 40.
crease by 10 cents a ton w later
times, when ID shall become necessary
20 remove the seat u9 extraction hurN
three or four miles from The face OF
the mcsn. we cannot be- certain That
the margin Il profit will cunliuu" 10
its present level, that ". n may not
be sufficient to earn more than %
bare return on the plant itself IKE
the rest OF the mines OF the state Tn
short. u m1y fairy be argued that.
while the ultimate capnci'Y Of tins
property to produce conl b. beyond
question its power to produce cleup
| cr than its competitors Be- limited To
the strip near the pa crop covered hy
tho mines now In operation.
These considerations ere woiphiN
/ enough to convince me that the vail
uutions calculated above depend Ton
| their realization upon SOME tHclsrf
that are speculative; the uWucts arc
| entitled to hope Tor them but not
to be sure OF them iur a C,u-'fvt.
ltiNe valuation the margin ut b. Drui
profit as against 90 c"ui. Cor U1o
ncighbuying mine Ncotus HuiiIvlon'
let the ether factors hc tu, Sam"
I. therefore. apprals' the prcHoui
value Of the mine by r%rpitulizine The
expectation Of stSu.uOU t Ncur ut 2
por cent. making the value Si,a3i U0n.
This is the hes coal Wiur ih tn'
state: this valuation makes o tlr ni-
lnwBnce for that fact Tor ln terms
Of capital value per ton of aunuo
output u leaves the property t'r
above its competitor. as toii'w-.
81. Louis Rocky Mountain and l',.
! cinc value per ton 81 10
Phelps Dodge corporation - "n.
II Will be scon lnt"r thnf ali other
mines OF the state have 90 san lower
value per tna uf annual output
Tina Y,mc factor uf rtf"ty b. jr.
airobie before assuming thH lh'
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1922-02-05

But these profits are gross. A.
mentioned above there Is no sub
ttantial increase Of output. there's
fore whatever none has bee cN-
ucudcd In the plant has been needed
10 maintain the output. There are
deductions az follows;
Earnings sud interest FOR
sccond half 1910 ......s 32s. 900
Earnings credited to rail-
road ................,. 2bS,vvu
Additional TO Investment
not accounted Tor by de-
probation .......... $4,000
Total to arrive at cash
sain .sItg2 goo
Remainder ~ cash earnings
ABOUT ts't.,. e",Nnp'uV
In my Judgment these earnings ore
as srcat q proportion OF the total as
ever nave been, or ever will be-. paid
out TO bond and stockholders and
they are the best possible index TO
the commercial value Of the property.
" We assume that the company
knows what It t. dolnE AMI charges
OF It's construction expenses fast
enough we shall have tu believe that
The profits amounted 10 So $50 900.
But that is Keeping profit. It
never goes 10 the owners In fun u
n The custom % accountants to call
u net. hut it II not net Take tle
reports Of the a. 5, Steel corporation
for eNHmpie: they figure out IN 10
Years net profits uf Si.t0s. GOO, geo.
but only % per cent goes to stock
holders. q quote FROM my y
on the Cost OF Mining pag" 1853
9TH" remaining Is per cent has been
retained for Investment and Is em-
plONed chiefly as additional working
capital IN inventory md cash. and
In varf0is constructive enterprises"
sut when we have brought dow
The profits to the minimum which
remain after providing for all the
changes in methods and plant and
al the odds aud ends OF investment
which seem 10 be necessary 10 per
petuate an industry. We may theT
regard II AS permanent untn its re.
sources are exhaustea II then VI
can be certain what the profits vii
he under normal commercial condi
lions we shalt rave little difficulty Il
forming ~ estimate Of the value o
the property
The methods used 10 analyze tn
earning power have airtady bee'
discussed by the same process W
find that In the period from July
1919, 20 dune 80. lRl6. the profit
represented by interest paid and nj
surplus was s2,23e 900, almost "a
nctly SO cents a ton.
NJ we may assume an average az
uunl production of i.6O0. 600 tons
year the profit then should !
sts0. 900.
consider IL fair to believe Tn
the ontput fnr thu immediate futui
will average about the rate OF n
recond period but that the profit pr
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1922-02-05

\ Esipt,iug story 81 tl'e ooi,ing of
oil Ia the cattle country by the au-
thor OF '"iic Yukon Trail Tho
tslg- IOWA ltound-ip' Ctc.-Nillihn
NncI cod uninc's "sunsighd PAS"
First i~n-gillurui In Tl. Evening Her
aid "Wednesday. Irh. y.
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1922-02-05

a prcrivc figure, but an approSima
non which is mus probable within
%c,r'.,ln limits. that In periods OF de-
PRECISION the probability %approachcs
tue lower limit aud iu period , pf
urusucrity thu upper n l. there
fore. rcncw my statement that the
uppralsll OFFS 333, 600 b. an that can
fairly supported undct present
conditions
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1922-02-05

$500. 900 sl,5Ts, 2e3.3t
Another calculation al the present
value Of this group might be made
taking into consideration h mere
ment OF production az 40 zoe tons "
y.ur. by Which the income would in
crease tt6.00 each year But the
first class reserves. that Vs. those OF
The type and auRl0y nov being mined
would be exhausted In 20 years. w"
should then have,
Present value Of Sis0,00S
a year for 20 years ia,3j3,0O0
Increment OF 2iG.u0O Us
per attached ......... ls1s,ooo
Total value 50. si2.0be
In addition there would be other
reserves 20 he mined after that.
As before remarked there is moth
ing To Justify the = % the eNhaus-
ton OF this company's resources y
coal
Nevertheless. a variety OF consid
eraiions cause me to believe that the
present value should he put some
what lower f0r the year 1871. In
the first place these calculations are
theoretical. based on an assumed In
terest rate q Z per cent for the en-,
/ tire Income. But the bonds are now
selling at 10. fixing the Interest al
81 per cent on the first half OF thu
Income which Is obviously several
times as secure as the remainder
Thus we find that
S4.6s2 900 In bonds is val
uHd Of ..., ....sss. sfsjbss. Vvi
And the stock at about 1000 .e0'
Making the total about s5.sao,Aji
: Tho coko plants are shut down be
. cause the copper mines are shu
: dot.n. for the cooper emelters fur
nlsh the principal. almost The Hols
market for coke, Now, In the pas
the major part 81 the proft has o NJ
4 frum the sale ~ c1ke
siill further W must renemis'
, mar The advantage ~ this prwrert
6 over ~ neishbN ttAe Pbelps pods'
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1922-02-05

io,rrS Of western fiction. Bcgin
William Macleod kalnc's ncw boot,
"t'dn-ighn Pass In THE %iNcuing Her
ala February \.
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1922-02-05

About g2 Is the propsr time 70
marry decide tho college girls !
who probably mean rae.
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1922-02-05

Density of Mars n threo -fourths
that Of the Garth,
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1922-02-05

This company az 10 Nubust 3 l'l"i
owucd u railroad which ~ sold AZ
that time to the Atchison. Topeka a
santa pc railroad. Since We are ate
TO obtain the present value
OF the property as ID now STANDS
from its record of earnings IL ~
necessary To- dizsociutc the receipts
from the operation and sale OF the
tahrond from those derived from iirr
coal mining business. This account
stands ~ follows;
Lpsa on operation OF rail-
road before deduction
OF bond Interest FOR
ycars tatl. 1919 aud
1913 ,....a. ...... t''A lV''"'.-'
Interest on railroad bonda,
tamr period ..,,... sb5a'-'i.'i
30 % purposes 81 o. necessary 10
credit this sum to tnr earnings OBJ
tanned from the Goa mtucs Tor u e
period hctuusc 81 wuH evidently uild
out at those earnings
The railroad was solid fnr ShN,OUO
In cash and $4,000 200 A. e. q =. =.
4 Dor cent bondH. Unc purchase mon'y
brinE received iu 1913. The rtilrond
bonds hu,c been -old from time to
Time and the proceeds utili2cd IN the
purchase of The coal compsnN's own
bonds o. apprar- lhai thv totrl re-
U.ipta from this transaction arc aH
FOLLOW
Purchase pgicc at par f3,01o, 900
Interest received ON bonds.
tcsttmatcd) ........... 377 $50
Total to Jan ]. iggl.... 3.ie7,Ndc
This money has Been applied
largely to the reduction OF the cap
ltal ct the coal cuWpnny MS follows
liciuction OF bonded In
dchtrdnc-- from july d.
1911 Co oc. 80. 1920 g. So 600
hold iiec 81. i9eO...... 10000
Total credit to capital. s3.iii 600
This lcnNes earnings to Zoe
credited Go the railroad
from the income of IA,
coal company, approx
Utht"lN ...s...t .-t -N'tn''
Accounting FOR the total Ssi27. 500
We now calculate with SOME con.
ttucncc the earnings OF the coal
mining business. crcditing tu IL al
earnings except the above S2S3. $50
ia round numbers
Interest paid on bonds. $3.26i0O
Dividends on stock ...... 4.G5O.U0O
Increase Of quick assets $4,000
Total apparent earnings 81, 379. oct
Deduct earnings from iail-
roa transaction as above 2Si,00t
Earnings from coal bus
moss .ss..r ..s.... -, Vsa, Vo'
These figures are dcduced from
the annual published reports Of th'
company which. owing to "a chang
in the termination Of the fiscal yea
in the period under review. coveS II
und "a half years. Calculated SINH
larry from the reports made 90 m.
FOR 10 calendar years, 1871 to zoe
Inclusive. we find the net profit
were $685. 9S.
n appears that the output ha
boon maintained about uniform %
the whole period and that whatove
las been added to the plant accOun
has not increased the business.
When we come to inquire a. 4
h effect Of the high prices cause.
by the war we find that the iucom
is distributed IA follows.