davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03

(),cnc, Me-, July 2.-(AP)--The
resignation of DR.. Clarence C. Little
Is president OF University of Maine
vas announced today. He will ac-
cspt the presidency of the University
Il Michigan.
The acceptance of the resignation
d Dr.. Little was announced by
Frederick H. Strickland of Bangor,
president of the Board of Trustees of
ihs University at the conclusion of
meeting of the board today. 1t
ito take effect on September 1. This
action, It was understood, precedes
he acceptance of the presidency of
the University of Michigan, made
vacant by the death of DIR. Marion
L Burton.
President Little came to the Uni
Yersify Of Maine three years ago
from Long Island, N. Y. where he
vas connected with the Carnegie In
aitute for Experimental Evolution.
1 Is considered likely that the uni
versity may go year without calling
new president, as was done after
the resignation of DIR. Robert j. Alley.
Dr. Titles predecessor. In the
meantime, committee representing
ne trustees and the dean would be
b charge.
The trustees adopted the follow
Ing statement:
In accepting tie resignation of
+ d. Little. the Board Of Trustees
wish to express their deep regret,
but wish DR.. Little unbounded sue
cess In his new work. During his
three years stay in Maine he has
demonstrated his ability as an edu-
Gator, has expressed his pers, nality
upon the Institution of wnich he has
been In charge, has visualized its
needs and set up q program Of adj
vancefnent which eventually must be
accepted BY the State and put into
.peration.
The board Of trustees see in DR..
Lutte young man of powerful pos
apillties, fully capable of handling
me institution to which he is called
ana commend him without hesitance
reservation to the, people among
Naom he Is to labor. They feel, how
uer' that they have no moral right
y INSIST upon the withdrawal of his
ssignation. according to every man
ane right to work out for himself his
Hn career among conditions and OPP
~Itunlties of his own choice"
IT Little in his letter Of resigna-
ton wrote:
NY action is in no way prompted
any unpleasant factors, but by the
.ac. INST. have. been offered an OPP
swsleunity to try on very large scale
~s educational policies which the
oaae Of Maine has not as yet been
~'nlng to adopt. At the present time
~ state Of Maine is lacking woefully
u As support of its State university.
:. aas Departed somewhat from an alb
,,ss,asely inadequate appropriation In
.s1A put 1t is still far from realizing
e oollgations, and even from adopt
an generous an attitude as that
'assn BY smaller and poorer states.
-. seems entirely probable that the
t sslature and the politically active
snent Of the State will require at
..l TWO more years to reach a point
,hs ,e they have recovered from the
.aOsk q having given additional sup
further.s S - pio
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
General Forecast

The disturbance with it's attend
ant trough that was over Hudson
Bay Wednesday night was advanced
to the Gulf of st. Lawrence with the
trough extending southwestward to
the Virginia coast.
During the last "a hours, showers
and thunderstorms have occurred in
the lake region and the middle At
lantic and north Atlantic states
Temperatures have risen in the Ohio
valley and in portions of the middle
Atlantic states, while cooler weather
attended by thundershowers over the
middle and northern Rocky Noun
tain region. High temperatures pre-
vailed in the middle Mississippi and
Missouri valleys,
The outlook is for unsettled wealth
err with local thundershowers in the
south Atlantic states on Friday and
in the lower lake region on Satur-
day. Elsewhere east of the Missis
sippi river the weather will be gem
orally fair Friday and Saturday. II
will be warmer on Saturday in the
lower lake region and the middle
Atlantic states.
Winds north of Sandy Hook
Moderate north and northwest and
weather partly overcast Friday.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
Former Maine Teacher
Elected Head National
Education Association

Indianapolis, July 2-(AP)-Miss Mary McSkimmon prn-
cpa of the Pierce School, Brookne Mass tonight elect
ed president of the National Education Association conve
ton here She succeeds Jesse H. Newton superintendent of
schools, Denver.
Miss McSkimmon vice president of the association
last She also Massachusetts, the
board of directors She is president of the Massachus
etts state federation of teachers clubs After finishing high
school in her home town of Bangor Maine Miss McSkmmon
began her teaching at Hampdn Academy Bangor
Later she taught the Avery School, Dedham Mass accept
the prncpalshp of the Pierce School in 1893 Miss Nc
Skimmon is the author of several educational works.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
M0DERNISTS WIN
| ON REPRESENTATION
BAPTIST SESSION

Seattle, Wash, July q (AP) -
Modernists defeated fundamentalists
912 to 364 here today, seating in the
Northern Baptist convention a dele
cation of the Park Avenue church.
New York City.
After the modernists' victory on
the Park Avenue church, representa-
ton all accredited delegates were
seated.
Fundamentals leaders served
notice that motion to amend the
bylaws would be presented next
year.
The Park Avenue delegation con-
sists of DR.. Cornelius Woelfkin, the
pastor whom Fosdick succeeds. Mrs
Woelfkin, DIR. z. c. Garder, and Mrs.
Garder.
When the motion was declared out
of order, the Rev. Joshua Gravett,
Denver, appealed from the decision
I'VE are not discussing the right
of Baptist church to be represented
here" Gravett argued, but the right
of church that is not Baptist to
send delegates"
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
BAR HARB0R IN
GALA ARRAY FOR
NOTED VISITORS

Bar Harbor. Me-. July 2-(AP)-
Preparations have been completed for
entertaining the governors of the ma =
ton and thousands of visitors here
tomorrow and Saturday which, with
fair weather, will be two of the big
gest days this resort HIS ever seen.
The governors will arrive here on
their special train from a tour of
Aroostook county at $50 tomorrow
and from then through Saturday,
until the Shenandoah and Cyrus II.
X. Curtis yacht, Lyndonia, takes the
guests away, the hours will be filled
with interesting events.
The harbor presents a scene never
before equalled. Anchored here are
the L. s. s. Patoka, mother ship OF
the dirigible Shenandoah; four Unit
ed States destroyers, the Cummings,
Beale, Patterson and Mccall, under
the command of Lieut.. Commander
Dentwols; three seaplanes under the
command of Lieut.. Comma nder
Adams, and countless pleasure craft
drawn here from all along the New
England coast by the notable attrac-
tons.
The governors take their departure
Saturday morning, some leaving at
9 o'clock on the Lyndonia for a
cruise of Frenchman and Penobscot
bays and others embarking at IL A.
NJ. on the Shenandoah for cruise
over Mt. Katahdin, Moosehead Lake
and the Rangeley Lakes to Camden.
the summer home of Mr.. Curtis.
where the entire party will be enter
tanned at dinner.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
University Of Maine to
Lose DIR. Clarence Little
To Univ. of Michigan
Definite Word
Election Lacking
At Ann Arbor

Ann Arbor, Mich, July 2
(AP)-Nothing definite could
be learned here tonight whe-
ther the board of regents of
the University of Michigan
had elected DR.. Clarence E.
Little, former president of the
University of Maine, to the
presidency of the Wolverine
Institution.
w. L. Clemens, chairman of
the committee authorized to
consider prospects for the Of
flee, issued a statement from
Bay City, Mich, saying that
the board of regents would
probably meet early next week
with indications that DR.. Little
would be elected.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
Maine Folks Will
See Shenandoah
In Flight Today

Houlton, Me-, July 2-(AP):
Shenandoah will leave
Lakehurst at 8 o'clock tomor-
row standard time and pass
over Providence at 10 o'clock.
After leaving Boston the dirigi-
BILE may pass over Swampscott,
where President Coolidge is
spending the summer, before
continuing to Bar Harbor by
way of Portsmouth and Port
land. It will be decided at the
last minute whether a para
chute jumper will be aboard to
give an exhibition over Swamp
scott or Bar Harbor. The ship
will be moored to a cruiser
while at Bar Harbor.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
GlendOn Through
At Naval Academy

Annapolis. Md, July 2-(AP)-In
formal statement issued tonight,
Rear Admiral Louis M. Mutton, SUI
perintendent of the United States
Naval Academy, announced that fur
Their employment of Richard ]. Glen
don has been terminated, both as a
crew coach and as a physical instruc-
tor"
Superintendent Nulton's statement
followed Glendon's refusal this after
noon to attend conference of acad-
envy officials at which an attempt
was to be made to iron out differ
ences between the coach and the
navy athletic association.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03

Inc weather man was in a fitful
mood and while at times there were
signs of clearing, for the greater part
OF the trip old Jupe had the drop on
the party. Skies weeped and occas-
ionally talked out loud.
International Courtesies
At st. Leonard's end of the bridge.
the governors were given a most
cordial welcome and school children
distributed British flags down a long
line of autos. Here also, the ladies
of st. Leonard presented Mrs. Brew
ster and Governor Nellie Ross of
Wyoming with beautiful bouquets,
the presentation being made by Mrs
L. j. Violet wife of local physician.
The party moved a short distance
to the bridge marking the entrance
into the town of Grand Falls. Here
the travellers got their first glimpse
of the much talked about Grand
Falls, and they are certainly a grand
sight, as well as the deep gorge and
the bottom of the stillway.
Metropolis In Making
The town of Grand Falls is not a
very large one but in the general
layout which includes wide streets
it is manifest that there are some
who hold hopes of a future metro
polls, possibly because of the po-
tential power of the Falls that may
be harnessed in the near future. 1t
is estimated that the power avail
able here is between one hundred
and one hundred and forty thousand
Continued on Page 10-coI. y
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
Husband of Noted
Maine Author to Be
Buried in Maine

New York, July 2.-(AP)-Funeral
services for George c. Riggs, husband
of the late Kate Douglas Wiggin, not
ed novelist. will be held at Hollis
Maine, relatives announced today. In
accordance with her wishes, the ashes
of Mrs. Briggs were brought back
from London, where she died in Au-
gust. 1928. and were scattered on the
Saco river near her old home.
Mr.. Riggs died yesterday at Sara
nae. N. Y, where he had resided for
some time since the death of his wife.
He was a member of prominent local
clubs.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
Six Auto Crashes
Is Days Total
In Shipping City

! Bath, July Six automobile
crashes. in which no one was serious
ly injured, made the day an exciting
one here yesterday. Sylvanus M. Pen
nell. William o. Wagner, Edward Nc
Cormick, George Frazer, Edward A.
Robinson of West Roxbury, Mass, and
Everett l.. F'inkelstein of Boston, each
sustained more or less damage to their
cars, but the men themselves were
only bruised or slightly cut. The Rob-
inson car was struck by an electric
car and thrown against the Finkelstein
car
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
RESIGNATION
GEORGETOWN
PASTOR READ

Georgetown, July 1.-THE resigna-
ton of Rev. William T. Boyd as pas
tor of the Baptist church at George
town Center, which was read from
his pulpit last Sunday, has come as
a great surprise, and is greatly re-
GREETED Mr.. Boyd is also withdraw
ing from his church in Five Islands,
both to take effect September 1. He
has had eight years in this pastorate
and is held in high esteem wherever
known in this district.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
(By a Kennebec Journal STAFF Mani

(By Kennebec journal
on Board the Governors Special to Northern Maine July
Aliens in an alien land the unusual but nevertheless
peasant lot OF the governors and their followers today After
an all night ride from Bangor to Fort Kent 300 miles,
the party breasted in the of the Bangor and Aroos
took Railroad while the train logged down the ST. John river
to Van Buren, The crossed into New Brunswick by
way OF the ST. Leonards bridge At the entrance to the
bridge the big sign invited them to "cal again. while much
smaller sign directly below carried the word danger"
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
Lineman Probably
Fatally Burned

Haverhil1, Mass, July 2.-tAP)-
Richard Garabedlan OF this CITY,
lineman for the Postal Telegraph Co
received burns which are expected "
prove fatal today when ne toucneo
i've wire while atop a pole in West
vile N. n. Though unconscious. his
lifa-helt saved him from falling and
a fellow lineman lowered him to the
ground with a rope. He was brought
to a hospital here.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
Coast Fishermen
Taking Mackerel

Small Point, July 2-F1sherme ~
are beginning to take mackerel IN
their pounds. They have not nc ~, yet t
become plentiful though it is time
the TIMERS made their appearance
eIone this coast, and marketmen are
wa ting impatiently for them. They
usually appear in New Meadows ter ert
small fish along these shores.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
Places Oil Lease
Scandal Sguarely
Up to Harding Cabinet

New York, July 2.-(AP)-Ed-
ward l.. Doheny's recent statement
on the naval oil lease. II true, places
some degree of responsibility for the
"odious transaction" upon every
member of the Harding cabinet,
Senator Thomas J. Walsh of Mon
tana, who directed the lease invssti-
cation, said today.
Senator Walsh, who is on his way
abroad, also regarded as important
parts of the Doheny statement
which he said showed that the leases
were not given Doheny to protect
the oil lands from drainage by out
side wells.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
To Attempt Receive
Radio Report from
MACMILLAN Ship

Hartford, Conn, July 2-(AP)-
Frank H. Anderson, of Manchester,
Conn.,, received permission from the
Pennsylvania Railroad today to have
wireless set installed in the train
which leaves New York for Florida
at $3.50 o'clock tomorrow afternoon.
An attempt will be made to receive
code messages to be sent from DON
aid MacMillan's polar expedition to
that particular set.
John L. Reinartz of Manchester,
who is the chief wireless operate
with the Macmillan expedition, will
be the sender.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
To Take Scopes
Case Federal Court

New York, July 2-(AP)-The New
York World will say tomorrow that
counsel for the defense in the test
case of Tennessee's evolution
law were reported today to have sud-
denly changed their plans and to con-
template transferring the trial from
the state to the federal court.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
The Day in Washington

Ambassador Daeschner conferred
with Secretary Mellon regarding the
French debt.
The whereabouts of Henry Ford S
mailed bid for ships disturbed off,
Gals.
Increased exports and imports for
May were shown in commerce depart
ment figures.
Cotton production was forecast at
IA, $4,000 bales, the third largese crop
on record.
The treasury ordered a revision of
estimates of tax receipts with final
figures showing a $250.O00,000 sur
plus.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
Report Merger of
Taxi and Motors Co.'s

Chicago Daily News today published
story that reliable reports from
New York were to the effect that the
recently reported merger of the
Yellow Cab Manufacturing Com
pany with the General Motors had
been completed. John Hertz,
founder of Yellow Manufacturing
and associated companies, was in
New York City today.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
Governors Visit
Aroostook Towns
And Cross Border

Visiting Chief Executives on Special Train
and Automobile Tour of Up State Towns
Greeted at International Bridge by New
Brunswick Citizens = Inspect Gigantic
Grand Falls PrOject-Continuou Round of
Informal Receptions in Hospitable Potato
County Towns AT Bar Harbor Today
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
Three to Die for
BOlshevik Plot

Moscow, July 2-(AP)-The SUI
preme court today sentenced to death
DIR. Karl Kindermann, Max Won Dit
mar and Theodore Volscht, three
Germans charged with plotting
against the lives of Leon Trotsky, M.
Stain and other Bolshevik leaders.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
Postpone Probation
Of McClintOck WIN

Chicago, July 2-(AP)IThe near 1;,1,,
ing on probation of the viii 1,, OF B'i1 y
McClintock, which made William ~.
600 900 estate. was postponed iate
today until July y.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
! VIOLENT Eruptions
ualeraS Volcano

No,sssva, Colombia, July 2-(AP)-
G,ssut eruptions of the volcano of
psst 3 near Paste began yesterday,
IA names issuing from the crater
ashss fger quantities of rocks and
cOuss... covering the surrounding
-ss1y.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
PRESIDENT PLANS
MAYFL0WER CRUISE
ON HIS BIRTHDAY

Quiet Surroundings At White
Court Allow President Cool.
idge Much Needed Rest-To
Speak in Cambridge Today
At C0mmemoration of 15Oth
Anniversary of Washington
Assuming Command of Con-
tinental Army
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
Boston Forecast

Forecast for Boston and vicinity
Fair Friday and probably Saturday:
rising temperature Saturday; mod
crate northerly winds becoming
variable.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
Governors to Fly

New York, July 2-(AP)-A num-
Der of the governors who have been
attending the governors conference
at Poland Spring. Me, have been
given permission to make a short
flight in the dirigible Shenandoah
Saturday morning when the airship
is at Bar Harbor. Me.
If weather conditions are favorable
she will leave Bar Harbor Saturday
afternoon and return to Lakehurst
by the most direct route.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
PLAN RESUMPTION
DISCUSSION FRENCH
WAR DEBT TO U, s,

Ambassador Daeschner in In
formal Talk With Secretary
Mellon Confirms Report That
French Chamber of Deputies
Had Formally Acknowledged
Governments D e BITS to
United States - Studying
Ways and Means For Settle
ment
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-07-03
THE WEATHER
FAiR

New England and Eastern New
York-Fair Friday and probably Sat
urday; rising temperature Saturday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-04-20
EVERYMAN'S
INVESTMENTS
BY GEORGE T. HUGHES.
EssoNs IN FLUCTUATIONS.

LESSONS IN FLUCTUATIONS.
In view Of the violent fluctuations
in the stock market this year-fuc-
tuations which have affected spec
ulative stocks most, but which have
not spared investment issues-some
denomination of the points which
should be considered in buying COM
mon stocks may be helpful. This is
all from the standpoint of the in
weston; the rules to be followed are
directly opposite to those which gov
ern successful speculation.
1t is assumed that there Is a legit-
innate time when a genuine investor
may add to his holdings a certain pro-
portion of stocks. The difficulty is
to determine just when this time is
at hand. Now, there are three tests
to apply. The first is the price, the
second is the return on the money in
vested and the third is the intrinsic
value.
Let US take up the matter of price
first. The first thing we note is that
prices for stocks even of investment
rating vary over a wide range. Take
United States Steel, for instance. In
1924 Steel common sold at a low of
94A in June and high Of 121 in De-
cember. This year the high was
1295s in January. Now, an investor
wants two things, security of prin-
cipal and adequate income on his
money. In the case of a stock which
has no maturity date, he can obtain
return of his principal only by sell
ing his shares at the market price.
If he has to sell in time of market
depression, when the price is low, he
will suffer a loss of principal, which
is the thing he wants to avoid. Some
risk along this line cannot be avoided.
1t is one of the penalties of holding
common stocks.
1t is plain, however, that the risk
Is greater when the stock is bought
in times of speculative excitement
when prices are being bid up to ex
travagant levels, and that the risk
is much less when a stock is bought
in times of speculative pessimism,
when prices are being depressed to
unjustified extents. Observe that
there is no way of determining when
stock Is at the low or when it is
at the high. These terms are only
relative, anyway. The point is that
the shrewd investor will buy stocks
tor permanent holdings only when
other people are selling.
One other warning: There is great
er danger Of not waiting long enough
than of waiting too long.
Copyright. 1929
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-04-20
COMMODITY NEWS
WIRED STAR FROM
ENTIRE COUNTRY

PHILADELPHIA, April 20.-The
worsted yarn market shows somewhat
more activity this week, but spinners
say the long dull period resulted in
many offerings coming out at less
expect improvement, however, as
knitting trades are active.
AKRON, Ohio, April 20.-Tire pro-
duction at Akron plants continues to
average around 100, 000 castings a day.
The demond for rubber footwear and
mechanical rubber goods is increasing.
An advance in tire prices is constantly
talked of.
FORT WORTH, April 20.-Texas
cotton seed oil mills have practically
exhausted the supplies of last seasons
crop and are looking elsewhere for
supplies. The industry, has had a
severe setback by the recent drought.
CLEVELAND, April 20.-Silver fox
pelts of more luster, softness and de-
STABILITY for fur scarfS are expected
to result from the extensive re-
searches which directors of the Amer
lean Fox Institute at their meeting
here determined 10 undertake in feed
ing and breeding.
CHICAGO, April 2o.-wholesade
dry goods business in the Middle West
is running well ahead of that Of April,
1924. There are more customers in
the market, although buying con-
tinues to be frequent rather than
large.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1925-04-20
BY WILLIAM HEFFERNAN.

NEW YORK, April 20. Stocks
moved with a good deal of indecision
In the curb market trading today, but
those back of operations for the rise
In few selected specialties continued
to press their advantage.
Engineers Gold remained the out
standing feature, establishing a new
high when 1t sold at So for a gain of
points. The new Chrysler Motor
preferred and common, along with
NEW YORK, April 2O.-Following
is an official list of bonds and stocks
traded in on the New York Curb
Market today: