davidaulloa/AmericanStories huggingface dataset:
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-04-27
b LIVES LOST WHEN
FRENCH SHIP FOUNDERS
81 Assoclated 80

y - oUNlHlEU 7 IE.'-
BREST. France, April 26.-Thirty-
two lives were lost when the French
steamer DEPUTY Albert Tafllandier.
q vessel of 5000 tons. bouad from
Rotterdam for Brest with q cargo
l coal foundered last night of the
lorthern coast Of Brittany during q
violent storm. The captain OF the
ship. the sole survivor. was picked
Up wednesday,,
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-04-27
TO DEDICATE MEMORIAL.

WASHINGTON, April 26.-Dedi-
cation OF the massive Grant mem
orial in the National Botanic gardens
just west az the capitol Thursday.
the centenary Of the birth Of the
great Union military leader and
president. will be marked with elab-
crate ceremonies IN which surviving
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-04-27
MRS. CARUso ANSWERS.

NEW YORK. April IS Pointing
90 her garh Of deep mourning in an
swer 90 questions as 10 the truth az
q rImOr that she was about 90 marry
again. Mrs. Eurico Carus0 widow
CT the famous tenor. sailed Wednes-
day for France. After a short stay
in Paris che Will 50 20 italy and
close her late husbands estate. she
said.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-04-27
KILLED BY DYNANIrrE

NEWCASTLE Ind. April 2s.-
Clarence r Smith. farmer was kill
Ell near here Wednesday when a box
OF dynamite he was using exploded.
1Ir. Smith WaA blasting stumps.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-04-27
NUMBER OF DEAD
And MISSING is
PLACED AT So
Accurate Check of Victims
Still Impossible at Fort
Worth-Find Bodies.
Place Damage at Sl.000-O0O-
To Investigate Reported
DYnamItIng.

FORT WORTH Texas. April g.
With but tnrea bodies recovered
Wednesday night a check on the
ast Of victims Of the flood which
has covered this city for tvo DAYS
was Impossible but the estimated
number of dead and missing wes
placed by authorities az SO.
One of the bodies had net been
Identified although &c was thought
20 be that of a Nrs. Ferguson. The
other two were Identified as Mrs.
G ". Pettis. so. and W. g. Candry.
Mr.. Gandry was drowned while aid
ing In rescue work
Groceries sold ar premium az
stores along Camp Bowie boulevard
during the isolation OF Arlington
Heights, &C. was reported Wedncs-
day Residents of this district
recalled Fort Worth Wednesday for
the first time since The flood
Two persons ara dead. three
others missing and members Of one
family. six miles south OF Mans
field, are seriously injured as a re-
suit OF the flood and hIsh wind
Monday night and Tuesday morning.
according TO a rural mail carrier
lie reached Fort Worth wednesday
with the first mail from that town
sinCe Saturday
Death last.
The revised list or the dead fn-
cludes.
q. r4 On ra ,..r--
recovered; O'Toole. vile ana seven
children, believed drowned. Allen
Farris, - F'arris. brother OF
Allen. wife and three children. Mrs
- Davis, Joe Hartman; Dan
Handy and three children, Mrs
I Pierce: Mrs Regain. r. 81
Ward. wife and three childreni el-
DERBY unidentified woman and small
boy. unidentified woman and child
Billy Harris. believed drowned
/ Shelby Sellers, wife. uother-in-lav
and five children; Isaiah Pettis 10,
/ unaccounted for.
The property loss Is estimated al
100000
The levee board plans 90 investi-
gate the reported dynamltlnr ~
the embankmeut7 i1 several places
late Monday n-eht. as soon as the
flood waters recede. according 20
NJ "a. McCarn. board chairman
The latest report OF the river
stage was 38 feet. blt recession
since wednesday afternoon was ex-
pected TO bring &c down rapidly All
railroads reported improved cond 1
lions Wednesday and operation onI
some are expected soon
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-04-27
SIMMONS FLAYS
TARIFF MEASURE
BEFORE SENATE
Says 1t Endangers People of
Country More Than Any
Bill in History.
EXPECTS PASSAG E
Charges Finance Commission
Fixes Rates as Matter of
Personal Patronage.

WASHINGTON. April 26.-Sum-
ming up a three hours attack on the
pending tariff bill wednesday in the
senate. Senator simmons, democrat,
North Carolina, declared that it was
his deliberate judgment that the
measure was "fraught with more
danger TO the people of the country
and the institutions under which
they live than any bill which ever
crossed the Threshold Of this cham
Der"
The senator said he supposed the
measure would be passed, not be
cause it met the judgment OF the
senate but because a considerable
part Of the majority Of the senate
are willing 10 forge their opposi-
ton 10 what they regard as unjust
impositions in order to get oonces-
sions for those in which they are
especially interested"
The North Carolina senator charg-
ed that the rule followed by the
finance committee in determining
rates together with the super-added
rate making powers conferred on
the president makes rate fixing al
most as much a matter of pohtica,
and personal patronage as the dis
tribution OF federal Offices"
King Continues,
After Sen Simmons concluded,
Sen King, democrat, Utah, contin-
ued his analysis of the chemical
schedule begun Tuesday. He charged
that the provision in the bill max.
ing It unlawful to import dyes IN
containers Or packages bearing the
trade marks of dyes registered in
the United States was a Joker
added TO the measure in the inter-
est of the so-caued chemical foun-
dation, of which practically all dye
manufacturers in this country are
members"
Before the days debate closed,
Chairman MCCumber OF the finance
committee, defended American bust
ness men from what he said had
been the attacks made against them
by Senators King and Jones, demo
crat New Mexico, in addresses Tues
day. He declared the American
business men were just as honest as
foreigners or importers and in this
connection told the senate that he
had seen printed warnings TO
Americans travelling abroad to be
ware of the merchants Of certain
foreign countries because they would
rob the American tourist. He added
that no such warning had ever been
given about American business men.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-04-27

Continued on page twoD
South Bend news-times. (South Bend, Ind.) 1913-1938, 1922-04-27

IContinucd ON Paee TwoJ
New-York tribune., 1922-03-13
Holds Good Bonds

Ouestion-Wil you kindly do me favor
and let me know II the bonds | name
here are gilt edge: Grand Trunk 7s. Can
adian Nowhern rs. Diamond Match 7i2s
and Northwestern Bell rs? I have $1,000
In Liberty bonds and twenty-five shares
of Steel common, ton shares of Rubber
common, fifteen shares of Cities Service
bankers shares. one southwestern Beil
$1,000, and one Shawsheen $1,000 bond
owned by the American Wooden Company.
Are the last two bonds gilt edge Mrs.
L. r. B.
Answer-You are to be congratu-
lated on your wise selection of bonds.
Although some of them might not be
termed gilt edge, they closely approach
that classification. The Steel common
and United States Rubber common
stocks, as we'll as the bankers shares
Of Cities Service are speculative in
varying degrees, the last two especial
~. If you feel that you wish to
strengthen your list you might con-
slider selling the Rubber and Cities
Service shares, as we'll as possibly
the steel stock and investing the pro-
ceeds in bonds of the same kind as you
I now hold or in preferred stocks of
the better class. You do not mention
what maturities of Liberty bonds you
hold If any Of them are of the early
maturities it might be wise to con-
slider refunding them at the present
time into longer term Libertys or
other high grade bonds.
New-York tribune., 1922-03-13
Investing for a Widow

Queston-My aunt, a widow. sixty wears
old. with no dependents owns the house
small town where living expenses are
small At present my mother shares her
nome and in return meets all household
expenses, but this cannot be regarded as
a permanent arrangement. Besides hel
dwelling. my aunt owns: First Liberty
loan converted, $1,loO; second converted
$1,000, and Victory Notes s,57OO; a tota'
of Slo.350, on which she receives an arnua'
income of $472.3o, She also owns an
nuity OF s25 monthly, has $4,000 In a saw
ings bank drawing per cent, and other
Investments, which for various reasons she
does not want to change, producing $3.50
per annum. bringing her total income VI
tot $l,Oo2.30. In addition, she has about
s9 900 at present uninvested. or her pros
ent income the annuity and the invest
ments which she does not wish to change
produce $3.50, about half. 1t is about
the remaining sl5,350 that | seek your nd
vice. DO you not think that 1T is possible
to obtain a considerably higher yield on
most of it without excessive risk Ger
tanly the Victory notes snoufd be sold
immediately, should they not, and the
50 900 in the savings bank put into some
thing else? Would it be worth while to
sell any OF the Liberty issues and buy
others? l have thought of putting the
better multiple currency foreign govern
ment securities or at any rate into for
eign government dollar bonds. Kindly
give your opinion Of this. and of how
you would reinvest the remaining $l2,350,
or any part of it,. Please mention specific
bonds rather than class. as / am not
familiar with the different ones-J d. II.
Answer-It would, in our opinion, be
justifablc to sell the Victory notes and
the third Liberty bonds, though in in
creasing the yield there would be a
sacrifice of degrees Of safety. We would
not, however, suggest putting the money
into foreign currency bonds. Foreign
exchange is a highly speculative pur-
chase, and even the experts have proved
wrong again and again. United King
dom of Great Britain 5 y S, due 1887, is a
high grade investment and suitable for
your purposes, but we would wait be-
fore investing in other European bonds,
even those in dollar denominations,
until after the Genoa conference at
any rate. In addition to the United
Kingdom bonds we suggest Chicago
Union Station Gas, due 1868, recently
selling at 112, yielding, if held to ma
turity, 5.73 per cent; p. Lorillard de-
benture rs, due 1914, recently selling at
'114N, yielding slightly less than 6 per
cent to maturity; General Electric
twenty-year 6 per cent debentures, due
1910, recently selling at 105, yielding
5.58 per cent to maturity; Illinois Cen
tral secured 5l2 per cent bonds, due
1884, recently selling at 98&, yielding
5.65 to maturity, and Niagara Falls
Power first 5s, due 1892 recently sell
ing at 96A, yielding b.41 to maturity.
Such an investment would give you a
high degree of security, in our opinion,
and good diversity.
New-York tribune., 1922-03-13
Control of Greek Drachma

,Question--Wnl you kindly inform me
who controls the Greek drachma in the
New York Stock Exchange-the Irving
National Bank or the American Express
Company, or the National Bank of
Greece? Besides, inform me how much
is the national debt of Greece and do
you consider Greek drachmas a good in
vestment under present oonditions?-G. A.
Answer-The Greek drachma is not
dealt in on the New York Stock Ex-
change, nor is it controlled by any in
stitution here. Several of the large
financial institutions trade in
drachmas, but merely in the capacity
of dealers. The drachma has from
time to time been subject to regulation
by the National Bank of Greece, acting
as the agency Of the Greek govern
ment, designed to limit speculation.
The latest figures available indicate
that the national debt Of Greece is in
excess of 3,50O,0O0,000 drachmas. All
foreign exchanges are at present SO
susceptible to speculative influences
that they cannot be considered from
the investment standpoint.
New-York tribune., 1922-03-13
Stock for a Butcher

QucsiionOn a point Of information: 7
an about TO buy ten shares Of Liberty
tractor Corporation Of Lansing, Mich. I
would IKE to nsiS II That is a good invest To-
fnont, ha one Of my Gust omers IS "A sales
man for the concern and tells me Il will be
INC coming stock, lust as Fori's tractor in.
Also, what do you think of tho mining
stock, which is the Jumbo Extension, as
would llko to buy some OF that-buy it
outright and to keep p.
Answer~In buying meat you select
the kind your customers Will buy from
you, do you not? We consider stocks
a good deal like meat. If we were in
your place we would avoid buying Sc
curities that we could not dispose Of
readily. The stocks you mention are
both speculative, and unless you are
IN position to take a good deal Of
risk we think perhaps you would be
better satisfied with good preferred
stocks or bonds such as arc frequently
mentioned in The Tribune.
New-York tribune., 1922-03-13
From the Frozen North

ouestion--Having read your advertise
ment in The Chicago Tribune" am
going to take advantage of your invest
ment service department and ask informa-
ton about two stocks. One is a curb
stock Denny (D Oil Company This
has been sold at quotations of 1,75 and
down to .o4 Please let me know if it
has any merit at all? l am also inter
ested in Allis-Chalmers and with the
threatened coal-railway strike talk going
on, ! would like to know If in your opin-
ion / will have chance to get II in the
near future below present quotation. 45 a
UP here in the frozen North one has little
opportunity to learn what is going on In
the outside world and | will greatly ap-
preciate any information you can give me.
"A. L. B.
Answer-We do not understand why
persons who live so far away from the
market place as you prefer to buy
speculative stocks such as the oil shares
you mention and Allis- Chalmers. We
cannot attempt to say whether Allis-
Chalmers stock will advance or decline.
and it may be that if the threatened
coal strike comes to pass automobile
concerns will benefit, but that is a
question that only the future can de-
ella,
New-York tribune., 1922-03-13
What to DO When Your Broker Fails

Q"eston-l mad certificates
oeo outright wth s. s. Rusay Co., firms recnt altered
Inc Tecetper has not notified nqhe although
"oce tuhnys office
o"ea creditors committee has asked powor
"oy aa attorneys arc TO charge not
'ecoored SO far have filed shoud
""t the procedure? omed about Rshuy Rushnp od
M co"soerooe o" certificates fully paid part paid
'ns oe scheduled claim?
oaS IN the same boat perhaps m explain benefit
cf GU?-P v ~ ''
sP you should write at to Mark yman
receiver who appointed by the Federal the
cieuilors Set forth
'eVn acts regarding account with
quest advice from him whether fornay
IN the matter of filing
customers who had debit balances brokerage
e or failure become general creditors getting share Of
after of
New-York tribune., 1922-03-13
Outlook for General Motors

Question: hold 1000 shares Of General snrrd
Motors common stock puaHnaaSSeenh aSenh Atoa"u 4 ad.
$50 to s25 share, Di,h Dn yGf the 'nl prospect Of
rea1izins my principal later when times
improve ?-J. r. r.
Answer-We cannot attempt to pre-
dict for YOU whether General Motors
common will ever again sell at $50 a
share. and therefore cannot undertake
to advise you whether to sell your
shares or to hold on to them: !hat 's
a speculative matter which Is peyonu
our province. We conhne our auv,u' wv
to investment matters. We do not con-
sider General Motors common an IN
yestment, but regard it as highly
sneculative. In holding a stock which
pays no dividend you must remember t,
t thst YOU m are depriving yourself OF the
tha ~ ".ns racsnt annual statement of General
Motors We think that will give you
some idea of the prospects OF the COM
pany for the next few years.
All Good Bonds
ouestion--Wil you kindly list the I,,i foi-
,oW,ne noa eentra nenIS sec sMs, lsas; Delaware &
Hudson loyear sec e. aso isgo; ou,svile Aalan'te e
Nasns,te Wsstern Gen Gen. ss 1881; Union Pacific
1oysar sec 6s 1929 Lorllard, deb, rs,
lS44. Which of them do you consider
less desirable from the standpoint OF OF
safety. the Northwestern Bel! Eel, r. or
are they all about equally deslrahle? |
have read your column for the last year
and upon your advice have purchased
Northwestern Bell. Canadian Nat. as'
n =. Tel es, 1871 and Western Union
| 6las-J. II. II.
Answer--The railroads which you
mention rank among the strongest in
the country. The issues listed, as you
arc are probably aware, are far from being
the Underlying bonds of these corpora
tions. but are apparently we'll secured
The Lorillard debenture rs, of 1914, are
the underlying security of company
which has maintained a good earnings
record in the past. They are. not
mortgage on any of the company's prop
erty, but it is provided that in the case
Of subsequent financing their priority
of lien should be recognized. To list
the bonds in order of safety would in
volve largely an exercise of personal
opinion. They are all reasonably good
investments, qualified as we have pointed
out. The Northwestern Bell Telephone
first rs, on. the other hand. are secured
by dire@5 first lien upon the entire
physical prtperty of that company and
are, therefore, a sounder investment.
New-York tribune., 1922-03-13
Telephone Bonds Yield

Nuestion-Please advise mo at your
early convenience II you consider Amer-
can Telephone and Telegraph collateral As,
due 1879, at present yielding about $50 a
good, safe Investment for woman who
can invest but moderate amount; II not.
kindly suggest something better yielding
10 6ta per cent.-~ti II. r. q.
Answer-We consider American Tel
ephone and Telegraph collateral 4s,
1929, good investment. However,
they cannot be bought at present to
yield $50 per cent, Is you indicate in
your letter. They were recently sell
ing at SS, giving current return of
4.53 per cent and yielding 6.13 per cent
to maturity. Unless the investor has
special reason for wishing to get his
principal back as early as 1929, WE
think that one of the longer term bond:
Of similar security would be more de
sirable. We suggest Northwestern Bel
Telephone first Is, which mature II
1871 and were recently selling at {
price to yield about 6.33 per cent t
maturity. They are, however, callabl'
as whole at 107h on any interes
date upon sixty days notice: The New
York Telephone IS, 1941, yielding abou
5S1 per cent, are non-callable be
fore 1881.
New-York tribune., 1922-03-13

cent Of what you would recover. You
could file your claim directly with the
receiver and might conccivably get lust
as much in the long run We merely
attempt to give you a background to
help you make a decision. We cannot
undertake to give legal advice We
recommend that you consult a competent
lawyer if at any stage during the NO
gotations you should become pcrploXed
When the failure of S. S. Ruskay G. Co.
was announced on February %, District
Attorney Banton said he had received q
complaint against tho firm.
New-York tribune., 1922-03-13
Our Candid Opinion

Ouestion-Please give me your candid
opinion Of the value Of the common stock
of Sinclair Consolidated Oil Company. also
of the stock of the Island Oil Company.
II. NJ.
Answer-Our candid opinion of Sin
clair Oil stock and Island Oil stock is
that both are highly speculative. If
you are in position to speculate you
might be able to make money in them,
but we fear that the chances are
against you, since traders in the mar
ket place and in close touch with in
formation about stock movements often
find it difficult themselves to profit
in oil speculations.
New-York tribune., 1922-03-13
IR. r.. Bonds Future Unknown

ouestion-~In the article on the last page
! of your paper February 2s, reterrlng 10
| the Interborough Rapid Transit Company
one paragraph states; In its calculation,s
the bureau excluded s7o Of ocS stSS oSe
of AZ nar cent bonds" VIII you please
et edvise ss VII What bearing this valuation VII
have the value Of thsse 3n.v o0Hd1 w eVer
Mnseas nnsease in n value over the present quota
ton or, in other words ,Ssh What tonas IN yoSr
opinion. is the future of these oonos IN
B. z. ..
Answer-If the report Of the Transit
Comnn;ssion we're final and unchange-
ahle 1,a' the Interborough Metropolitan
rs ~ would undoubtedly have suffered
a much more severe loss. We think it
V would sud-, be premature to express an
opinion at this time on the future OF
these bonds.
New-York tribune., 1922-03-13
Oil Stocks Got His $500

:. Cuestion~-l have read YOUR lnvestm.rt
taroa n.ol st'on column many times with In
IU nIaSs' am Interested in oil stocks espe
siiaIN' l have lost about $500 in oil stocks
.u I,har, 'ne armist'oe ! have exchanged my
All,sd AIllnsr'y o, Ioada s1 ser s,ock bought some
Niueu oli Slmms OH and some Bethlehem
some unlisted securities for chance,
r psyina q" m.nd po csn STANDARD Royalty Syndicate
Hoiolng Syndicate and Mexia Rad Seal
rhey arc all In the new oil feld, Mexia,
Mn,or leN l am also interested IN General
,M"'off, present market price 50 a share
10 YOU thinls they will continue tho divi-
dendsf-L l.. A. "
Answer-As long as men like you
persist in believing, with a simple
faith, that the way to golden treasure
Is through buying promotion oil stocks,
those in quest of easy money will con-
tlnue to create such issues and sell
them. After losing in oil stocks $500
obtained from the sale of Liberty
bonds, the safest investment in the
world, you are now on the point Of
purchasing shares in a new oil field.
You may get rich quick in this venture,
but you will have to do so on your
own responsibility. We cannot under
take to predict whether you will make
Il fortune by buying the stock Of COM
panies in the Mcxia field However, we
have our private opinion. You ask US
whether we think General Motors will
continue dividends on its common stock.
The company is at present paying no
dividend and was paying none at the
time you wrote US. The stock Is spec
uative, and in our opinion speculation
is almost q certain outlet for losing
money for all except those gifted with
special kind of intelligence, ample
financial resources and ready access
to sources of information. Study the
recent annual report of General Mo-
tors. 1t gives some idea of the flnan-
cial problems being met by many au-
tomotve concerns
New-York tribune., 1922-03-13
General Asphalt

Questlon--Wiu you kindly advise me
through your Investment Information col
umn as TO the following; General AS
phalt Company, purchased as specula =
tion. per cent dividend paid. par value,
when dividends payablc.-M. j.
Answer Stock of the General As
phalt Company is speculative. The par
value is 500. No dividend has been
paid on the common and the dividend
rate on the preferred is So share a
/ year.
New-York tribune., 1922-03-13

Ties at brokerage Office at the time Of
bankruptcy can start reclamation pro-
ceedings to recover their property. In
starting reclamation proceedings cred
'tors usually find it better to act alone
instead Of through credtotrs' commit
tee. Sometimes general creditors profit
by acting through collective group
which is able to facilitate a settlement
by inducing the creditors to make mu-
tual concessions. However, it is not
necessary for you to act through a com
mittee which would charge YOU 10 per
New-York tribune., 1922-03-13
Rocks on Investment

Qucstion-Will you kindly send me the
name of the best publisher on stocks and
bonds? "A. NJ. l..
Answer The following publishing
houses of good reputation are among
those who have placed on the market
books dealing with stocks and bonds:
Ronald Press, 20 Vesey Street, New
York City; Putnam's, West Forty
fifth Street, city; Dutton e. Co, 681
Fifth Avenue, city; Prentice, Hall &
Co., 70 Fifth Avenue, city, and Alex
ander Hamilton Institute, 13 Astor
Place. city,
New-York tribune., 1922-03-13
List Too Speculative

ouestion-Will you kindly tell me what
Won think OF the following stocks as
business mans investment" ca1,fsTnaa 1nte1naa
t,ansi Rotor Truck first preferred, Indus
trial Alcohol preferred IN. X. r.
Answer-American Ice preferred is
the only one of the list you mention
which we would class rs buslness
mans investment. The others are
snacu1ative
New-York tribune., 1922-03-13
No Reason for Change

ou.st,on-As a reader OF your valuable I,
columns am listing herewith bonds held
by me and would ask If YOU woula suggnss
rs any c'aHs1 old and have an income of about
ss5oo sIrs oa' year. ear bought purely for an an
Investment The 1st $500 HsM TeIephone hone
noiN ~ NTeIeeraph Is, 1926 $500 French S.,
SIC $1,000 '1ss Brooklyn Edison Is. is4o; $1,000
Diamond Match 7iss 1915; s1'ooo Nop.h-
western Bell 7s series A, ls4l.--A. A. e.
Answer-We see no reason Tor sug-
pesting a change in your investment