davidaulloa/AmericanStories huggingface dataset:
Evening star., 1925-03-29
BY CHAS. p. sHAEFFER.

A first mortgage company Is one of
the most misunderstood financial ma
chimes In modern existence How can
a company of this sort pay attractive
dividends and show earnings of many
times their interest requirements
charges on their loanable funds is
the perpleXing problem that is much
discussed in investing circles by the
uneducated in matters financial.
The answer is, of course, a perpet-
uation of working capital-in other
words, a constant turnover of funds
hrst mortgage company, in the
1rst place, is an agency for lending
money financing first mortgages
Banks lend money, also, yet they are
not competitors. First mortgage
companies make loans that banks
could not consider for reason of the
size of the loan. its maturity, which
might necessitate n long tie-up of
capital, or prohibition by banking
statutes.
These companies are of paramount
financial assistance to any community
that cannot secure adequate banking
accommodations. Those in Washing
ton, properly capitalized and con-
servatively managed, are performing g
a useful mission. Local banks having
report same as satisfactory. Many.
however. have sufficient capital Of
their own to enable them to handle a
profitable business Independent of
borrowing.
Funds Kept Active.
The general run of local first mort
gage companies were organized for
the purpose of making construction
loans and mortga ges through the pur-
chase of first trust paper on real
estate. 1t was never intended that
this paper should repose on the
shelves of the lending corporations
nor does it. Instead, IL is resold to
purchasers and the acquired funds
are again available for loans.
Companies engaged in this business
exact commissions for making loans.
In this respect they are not unlike
any underwriting concern. This com
mission, in first mortgage circles. is
equivalent to the fee of the under
writer, who, for instance, purchases
a bond Issue at 81 or 9S and imme-
diately resells the issue at par or a
higher figure, the profit representa- &
funds to care for expenses incident
to the flotation Of the offering. So
it is with first mortgage companies.
The commission is regulated entirely
Dy the nature OF tne loan. - long
term loan OF large denomination
would. for instance, demand a greater
commission than would one OF smaller
size maturing in half the time. And
il is this commission that returns
the profits to the companies.
Methods in Common Use.
The prescribed method of turning
over funds is best eXemplified by a
recent statement by Harry A. Kite,
head of the Mortgage Bond and Guar
Evening star., 1925-03-29
FOREIGN EXCHANGE.
BY the Associated Press.

NEW YORK, March 2S.-Foreigr
exchanges easy; quotations Gin cents)
Great Britain, demand, AT 3-16; ca
bles, AT 9-16; 60-day bills on banks
ALB 3-16; France, demand, 5.26; cables,
5.26 Y: Italy, demand, 4.08A cables
1.0s&; Belgium, demand, 5.12k: Ger
many, demand, 23.S0; Holland, demand
39.S2; Norway, demand, 1854; Sweden
demand, 1888; Denmark, demand
1921; Switzerland, demand, 1927ls
Spain, demand, 14.27l2; Greece, de-
mand, LBS: Poland, demand, 1914
Czechslovakia, demand, 1851: Jugo-
slavia, demand, 1.60i2 Austria, de-
mand, 00141s: Rumania. demand, 41ss
argentine. demand, $500: Brazil, de-
Iuand, 100; Toxic, demand. 41ss
Shanghai, tdemand, Tf2s; Montreal
- 1882
Evening star., 1925-03-29
URGES HIGHER RATES.
Chicago & Northwestern Head
FaVors New Schedule

NEW YORK, March 2S.-There is
only one thing affecting the railroad
situation adversely in the northwest,
according to w. II. Finley. president
of the Chicago & Northweste He
attributes the difficulty to freight
rates, which, he says, were not COM
pensatory for the volume of traffic be-
ing handled and not commensurate
with rates in other territories. The
volume of freight in February was
not as large as last year, but was ia
Nurable, he asserted, when it was con-
sidered that the corn crop was dis
appointing and general business con-
'jtions were not as good as had been
anticipated. Present indications
pointed to better results than last
month.
Evening star., 1925-03-29
COTTON PRICES TUMBLE.
Net Declines From 80 to Al Points
on General List.

NEW YORK, March 2S.-Continua-
ton of the recent selling movement
in the cotton market today sent prices
into new low ground for the move
ment. May sold off to 24.54, a net
decline of SO points. The close was
at the lowest with the tone barely
steady, at net declines of SO to Al
points on the general list.
Recent cables reported a diminish
ing volume of liquidation in Liver
pool with the market there steadier
on covering, Manchester and conti-
mental buying.
The amount of cotton on shipboard
awaiting clearance at the end Of the
week was estimated at about 10000
bales, compared with only $4,000 a,
the same time last year.
Evening star., 1925-03-29
WHEAT UNSETTLED.
Corn Prices Turn Stronger in Sat-
urday Trading.

CHICAGO. March 2s.-RalIies late
in today's session failed to hold well
despite predictions that 100000 acres
of wheat would be abandoned In
Kansas regardless Of rains. The close
was unsettled at the same as yester-
days finish to "a lower, May 1.57 to
1.571s and July 1.41 to 1.41A.
Cash demand here for corn was still
slow, but Minneapolis reported 1,oO0,-
600 bushels brought there for ship
pers. The close was strong, "a to l 4
net higher, May 1.101s to 1.10I.
Evening star., 1925-03-29
FLOUR UNCHANGED.

MINNEAPOLIS, Mimi. March Is
Flour unchanged to 35 lower at 8.50a
S.s5 a barrel; shipments. S.775 bar
rels. Wheat-No. / northern, 1.48k a
1.51H; May, 1.48A; July, 1.4S%. Corn
Mo. yellow, 1.03a1.04. Oats-No.
8 white, 3oha31. Flax-No. I. 2.7sa
$50
Evening star., 1925-03-29
CANNING SEASON OPENS.

SAN FANCISCO. March % (Spe-
cial) l).-California's canning season has
started with the packing of spinach.
Of which a record output of 1900. 900
cases is predicted for the season. The
crop is large and opening prices were
slightly under last years.
Evening star., 1925-03-29
HEADS SHIPPERS BODY.

NEW ORLEANS. March 2S.-Frank
Inman of Atlanta was elected presi-
dent of the American Cotton Shippers
Association and Atlanta was chosen
for next years convention at the final
business session of the organizations
first annual meeting here today.
Evening star., 1925-03-29
PARIS MARKET UNSTEADY.

PARIS, March 2S.-Prices moved
irregularly on the Bourse today.
Three per cent rentes, 46 francs so
centimes. Exchange on London, 80
francs 50 centimes. Five per cent
loan, Sc francs 20 centimes. The dol
lar was quoted at IS francs "a CEN
times.
Evening star., 1925-03-29

National, State and local taxes in
the United States increased 1913 per
cent from 1912 to 1922.
Evening star., 1925-03-29

Woman playwrights in the United
States are fast crowding the men in
the race for "E:ts.
Evening star., 1925-03-29

Continued in Tomorrow's Star.)
Evening star., 1925-03-29
BOND SUMMARY FOR THE WEEK
u. s. BONDS.

High Low. High Low Ias
Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1925-06-27
Publishing Income Taxes.

Since the supreme court has de
clared that income tax publicity is
legal, the question has become an
important one for the next session
Of congress to settle. Some SEN
ators have announced that they will
attempt to have this part Of the law
repealed and others viii insist on
it being retained. So the stage
seems to be set now for a legislative
squabble.
Some good arguments might be
made in favor of income tax publ
city, but they are few 1t was the
avowed intention of congress by en-
actment Of the statute to drive tax
dodgers from under cover. And it
is also reasoned by some that, since
taxation is a public function, no Sc
crecy should exist regarding the
amount Of taxes paid.
To offset these. which may be
termed good reasons, is the fact
that injustice may be done by the
mere publication Of income tax pay
ments without explanation. The
income tax is like many other things
in that it doesn't explain itself
It's possible to conceive that a
relatively poor man might pay a
large income tax through some
stroke of good fortune, which would
not come every year And it might
happen that another man in much
better circumstances financially,
would pay a comparatively small in
come tax due to losses caused by
run of poor business. or for some
other reason,
Both returns might be honest. yet
the people who did not understand
the situation in each case would
doubtless make deductions that
would be unfair. Manifestly no list
of income tax payments means
much unless accompanied by ex-
emptions which explain them. Jus
tice can't be done any other way
FIX.
Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1925-06-27
European Peace.

Peace in Europe is regarded
fact, the headlines tell us. following
an agreement between France and
England on pact program, under
the terms OF which England's great
war strength is thrown behind a
four power pact. which guarantees
the inviolability of the Rhine from
tiers as delimited by the Versailles
treaty. Other participants. besides
France, will be Belgium and Ger
many. providing the latter agrees to
the conditions.
The news will be viewed with
skepticism by most people in the
United States. although no one
would WELDON peace in Europe any
more than Americans
The United States has been UNI
justly accused Of delaying peace in
Europe by adhering 10 its tradition
of aloofneSs and avoiding foreign
entanglements.
Ii this means peace. this new
pact. then all power to it, because
America, made up Of peace loving
people finds no pleasure IN seeing
her friends across the sea continu-
ally embroiled in war-hke gestures.
Americas participation in Euro
pean affairs to any further extent
than she has been engaged would
not have fastened peace. Il was
tanele that only Europeans could
anravel rs they have succeeded.
America VIII rejoice with them Ex.
Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1925-06-27
If Back Hurts
Flush Kidneys
Drink Plenty of Water and Take
Glass Of Salts Before Break
fast Occasionally

When your kidneys hurt and your
back feels sore, don't get scared and
proceed to load your stomach with
lot of drugs that excite the kidneys
and irritate the entire urinary tract.
Keep your kidneys clean like you keep
your bowels clean, BY flushing them
with a mild, harmless salts which helps
to remove the body's urinous waste
and stimulate them to their normal
activity.
The function Of the kidneys is to
filter the blood In "a hours they strain
from il 80 grains of acid aud waste.
so we can readily understand the vital
Importance of keeping the kidneys active.
Drink lots Of good water -you can't
drink too much; also get from any
pharmacist about four ounces Of Jad
Salts Take a tablespoonful in a glass
of water before breakfast each morn
ing for a few days and your kidneys
may then act fine. This famous salts
is made from the acid Of grapes and
lemon juice, combined with lithia. and
has been used for years to help clean
and stimulate clogged kidneys; also to
neutralizc the acids in the system so
they are no longer source of irrita-
ton, thus often relieving bladder weak
ness.
Jad Salts in Inexpensive; can not in
jure; makes a delightful effervescent
iithia-water drink which everyone should
take now and then to help keep their
kidneys clean and active Try this; also
keep up the water drinking. and no
doubt YOU will wonder what became of
your kidney trouble and backache BY
all means have your physician examine
your kidneys at least twice year.
Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1925-06-27
BACK BAD TO-DAY?
Then Find the Cause and Correct 1t
AS Othe. Hurley Folks Have.

There's little rest or peace for the
backache sufferer.
Days are tired and weary
Night brings no respite.
Urinary troubles, headaches, dizzi-
ness and nervousness, all tend to pre-
vent rest or sleep.
Why continue to be so miserable?
Why not use stimulant diuretic
to the kidneys?
Use Doan's Pills.
Your neighbors recommend Doan's.
Read this Hurley case:
Mrs. Frances Kallas, Cary Road,
says: II was troubled with dull,
bearing-down pains in my back and
when | stopped, pains like knife
thrusts stabbed me. was nervous
and my kidneys were acting too free
ly. | was surely in misery. / took
Doan's Pills and soon felt better.
Doan's cured me of kidney trouble
and | haven't been bothered since"
Price zoe, at all dealers. Don't
simply ask for a kidney remedy-get
Doan's Pills-the same that Mrs.
Kallas had. Foster-Milburn Co.,
Mfrs, Buffalo, N. Y. Adv
Homely people are seldom pitied,
for where there is a lack of ''looks"
there is generally an excess of
brains
The man who takes a little time
for self examination never again
boasts of being a self-made man.
The fellow who works by the
whistle generally blows the most
about what he does.
Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1925-06-27

But what chance has love where
wealth guards and social life sets
the demands
Sc Charlotte is packing an her
things e leave and dropping 4 tear
now and then
II vas So wonderful she saws
Il never knew what life really
meant before cominx here The oeo.
ne around me are So III earnest
LEARNED roo WE'LL
And what does she mean by thatg
Ash The uniersrads rheyn ten
you
And with an eaual certainty Char
lotte MID say THAI the unaerrlaas
know nothing about il
BJt they n calling her poor nI.
pc rtch Gin juSi th, SAM, behind
her hack
Ana they IS sympathiune with
Charlotte who has hmShed bel iaS
sen IN democracy ard Is.,rrea 10 zoe
wei i YOU can believe as aul,r
grads They seriously ar ae
lm,as themselves
Is really Democratic
Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1925-06-27

Members and friends of the Iron
Belt Supply Company assembled in
picnic array at the Epson Park last
Sunday afternoon. About 500
socially inclined people took advant-
age of the occasion and the weather
to honor the affair with their
presence. The county agent also
was there to fill place on the
speaking program.
Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1925-06-27
The Glorious Fourth.


The question no longer is, Glow
many fire crackers does it take TO
make a Fourth Of JULY" Rather it
IS, "What'n we do on the Fourth?"
Gone are those reckless, glorious
Fourths Of July! The places that
permit the old-time bang of the
cannon cracker are growing less and
less and the day has lost all its
glamour for boys.
But when they grow up, with all
their hands and arms and eyes and
feet and legs intact, they will pro-
badly be thankful that someone was
so thoughtful as to think enough of
their welfare to save them from
themselves
The youngsters do not exactly
comprehend what it's all about, but
they can be TAUGHT, and when they
reach the age Of discretion, they
will come to understand the days
significance.
As decades upon decades 90 by,
they will have keener sense of ap-
probation for the foresight of those
men who laid a foundation deep
and bread enough to sustain a ma
ton for 1877 years. nation that
has come to be the most powerful
and at the same time the marvel of
the earth.
With such basic law as a pro
lection Of the people even against
themselves, which can not be chang
ed by popular vote or a majority of
state legislature or congress, but
only by vote of at least three
fourths of the states, and with the
wonderful progress our country has
made under the constitution, it
behooves US to support it Loyalty
and to defend it against all enemies
in whatever form the attack may
come.
The constitution guarantees to
every citizen, high or low, absolute
freedom in thought and conduct, so
long as he does nothing which in
terferes with the rights or liberties
Of fellow citizen.
Equality of opportunity and
equality before the law-what more
can anyone want
The day is sanctioned by statute
in every state in the Union as the
birthday of the nation. This is
ample expression of the solidity and
unity that our common country has
achieved
1t is day for rejoicing; likewise
a day for sober thought, that the
battles so nobly fought and the vic
tories so valiantIy maintained shall
not have been in vain.-Ex.
Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1925-06-27
SULPHUR is BEST
TO CLEAR UP UGLY,
BROKEN OUT SKIN

Any breaking out or skin irritation
on face. neck or body is overcome
quickest by applying Mentho- Sulphur,
says a noted SKIN specialist. Because
OF its germ destroying properties. moth
ing has ever been found to take the
place of this sulphur preparation that
instantly brings case from the itching,
burning and irritation.
Mentho-Sulphur heals eczema right
up. leaving the skin clear and smooth
II seldom fails to relieve the torment
or Disagreement A little Jar OF
Rowles Mentho Sulphur may be OBJ
tanned at any drug store 1t is used
like cold cream
Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1925-06-27
G. L. o. No. O379 Wisconsin
NOTICE FOR PUBLICATION
Department OF The Interior
General Land Office
Washington, d. c.


Washington, D. c.
June 8, 1925.
Notice is hereby given that Albert
L. Osborn, whose postoffice address
is Oshkosh, Wisconsin, has this 18th
day of May, 1925, filed in this office
his application to select under the
provisions of Section 1906, RS,
Lots 5, 6, Z. s. II, Section 10, Lots 6
and 10, Section 50. Township "A
North, Range East, 4th Principal
Meridian.
Any and all persons claiming
adversely the lands described, or
desiring to object because of the
mineral character of the land. or for
any other reason, to the disposal to
applicant. should file their affidavits
of protest in this office, on or before
the 9th day of August, 1925.
Thos. c. Harvell,
27-31 Assistant Commissioner.
Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1925-06-27

The old swimming hole isn't what it
used to be before the girls invaded
its sacred precincts.
Being human IS a hard life, but
suppose you were an ant and had to
dig for living.
He who speaks i'll of others speaks
worse Of himself
Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1925-06-27

Ii you can't dance, dance anyway,
and you can claim you are doing the
latest step that no one else has seen.
Men wilt down collars on warm
days while chidiug women about the
clothes they wear
A cheerful giver is popular as
long as he sticks TO money as the
medium Of exchange.
Some men are SO unlucky that they
have their mouth fun Of peanuts
when it comes time to yell at the
ball game.
Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1925-06-27

No one has ever found a definition
for liberty or license that will please
all the people all the time.
The children's clothes will stay
clean several days if you keep them
off the children.
Onions are vegetables people try
to eat without breathing it to soul,
but never succeed.
Possession may be nine points of
the law, but under the Indiana "bone
dry" act it is illegal.
The only way you can offend a
man by calling him captain is for
him to have a higher rank.
We are told 90 per cent of the ac-
cidents could be avoided. The other
eight per cent, then, are not ac-
cidents.
Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1925-06-27
COUNTY AGRICULTURAL NOTES

BY w. J. He'll, Co, Agt.
The prosperity of the nation de-
ponds very greatly upon the pros
perity of our farming With it we
are all cheerful and happy; without
it we 90 into debt and become un-
happy. Thus the safety and security
of agriculture is Of vital interest to
US all.
To place agriculture on a stable
plane, it must follow the same sound
economic laws which other lines of
business follow. The following rules
set forth will prove an insurance
policy" for many farm ills.
l. A good home garden for every
farm family.
2. Enough grain crops planted to
feed our livestock 1t is in this
important class of feed that the
greater share of the farmers dollars
are expended in the successful and
efficient wintering of his cattle and
other livestock. The greater the
proportion of the home wants filled
directly from the farm, the greater
the monetary saving effected
| 3. Hay and forage and pasture
for the livestock should be provided.
The liberal feeding of good legume
I hay such as alfalfa, clover or soy
/ bean hay, will be readily responded
to by increased milk production by
the dairy herd. While the "silo
habit" will not only add succulent
/ feed to the ration and make the crop
silaged 90 further but it will also
lower the cost of production of
winter feeding.
4. We should grow our own food
as much as possible; our own meat,
milk and eggs for the family by
keeping good cows, sows and hens
and improving the quality through
good breeding, care and manage
ment The family that has the
good milk. meat and eggs, plus the
garden with the good care of the
housewife in canning the surplus of
the garden and orchard for the win
ter's use, is infinitely better off than
the family which buys all of its
necessary food at the grocery store
in cans and paper sacks.
5. BY the adoption of diversified.
ton in farming methods. In case
of failure or low prevailing market
price on one crop, we can fall back
on some other crop etc, that viii
tend to stabilize the legs of ou
prosperity chair" and thus prevent
an otherwise sad financial tumble.
Members and friends of the Iror
Belt Supply Company assembled il
picnic array at the Epson Park last
| C,...la.. - 81 o...,,.,, AL,,4 EOf
New Britain herald., 1925-05-20
TROLLEY AND TWO AUTOS
 IN JAM AT POST OFFICE
Bristol Numan's Car Crushed as She starts t0 Pull Out
 From Curb

Traffic on W,g' Main street near the post office was hlockcd for about 3o minutes Just before noon today whom 2n automobile driven hy Mrs. Porciyal F, Hartman. &2 Merriam street, Bristol. became wcdgel be- tween trolley and a parked ma thine owned by (. W. Stevens. The police were notified Of the accident aal DotecIive Sergeant William r. NcCue went to inc scene and took charge while others worked la boroUsly 10 eXtricatc the woman's car from thc miNup.
 Detective Sergeant McCue learned that Mrs. Hartman had her car parked in the rear Of tho stevens machine and was just starting out from tho curb when the trolley came along and bumpoI her ma chino as tho front 5f it had come alongside the StcNcr's ear Motor man George Nelson O. 5f1 East street was operating the t~Ofoy and ho brought 1t to a stop as soon as possible. but Mrs. Hartmans ma chino was firmly wcdEcl In anl il was sometime before The miNup was straIS'r"ned out. The woman escap- od injury but both sides Of her ma chine were badly damaged. She was able 70 continue home on her own power.
New Britain herald., 1925-05-20
PROPOSED TARIFF HITS AMERICA
Continued from First Pagc)

Washington, May %. - (Ap( -- American officials charged with re- sponsibiity for promoting foreign trade are following Germdny's pre- liminary steps toward tariff revision with an interest intensified by the knowledge that American export trade is likely 10 encounter serious adverse effects.
 Since the German program sGll has 10 face possible changes in the reichstag. definite prediction of the results is withheld. It is believed certain, however, that several Amer ican industries. particularly auto motive manufacture and agriculture. will have to reconcile themselves to the erection of new German GUS toms barrirs against their products.
 A considerable export of Amcrl- can-malc automobiles now goes 10 Germany under a system of import licenses. It has long been expected that establishment of r'Gular Ger man tariff would stop or hamper this trade materially, while the re- cent gain of strength by agricuI- tural interests in the political arena has foreshadowod clearly increased German tariffs on foo1stufis.
 Comparatively few of the other tentative proposals laid out hy 'he German government for tariff in- crcasns seem likely to ondangcr American export trade.