davidaulloa/AmericanStories huggingface dataset:
New Britain herald., 1926-05-05
INSANITY PLEA IN
 MISS GIBSON'S CASE
Defense to Ask MuSsOlini'S As.
 Sailant Be Put in Asylum

Rome, May P}-Defense Counsel for Miss Violet Albina Gibson, sister of Lord Ashborne, who attempted to assassinate Premier NIussolini on April 7. will plead that she is insane and will ask life confinement to an insane asylum.
 A judicial committee including the prosecutor, Miss Gibson's defenders and medical experts today paid the visit prescribed by law upon the pre- mier 10 judge the gravity of his wound. The committee reported that the wound in the premiers nose caused by pistol bullet of small calibre, was entirely healed.
 Professor Enrico Terri. who is considered one of the greatest eX- ponents of Italian criminal law. is attached to Miss Gibson's group of counsel. Premier Mussolini, upon seeing Professor Terri said that he was pleased that Miss Gibson would be defended with the serenity of science"
 There is a possibility Professor Terri said, that the defense might include in its testimony regarding the mental condition of Miss Gibson a psychological study of Mussolini himself,
 After the visit, Professor Terri said that the defense would offer a plea of guilty but insane, The most important question for the inquiry, he said, would be whether "the homicidal idea was spontaneous, caused by an accidental suggestion or was specifically instigated."
 Professor Terri said that the de- fenso would attempt to prove that Miss Gibson was 8, lucid mad woman and that they would ask for her life confinement to an ordinary insane asylum,
 Several times during her life, Pro- lessor Terri said, Miss Gibson had been confined in insane asylums in England and Italy and had attempt cd suicide. On one occasion, some years ago, she tried to kill q girl friend with a knife saying that she desired to repeat the sacrifice of Isaac by Abraham.
New Britain herald., 1926-05-05
SIX INDICTED IN
 PH|LA. SHOOT|NGS
Five Under Arrest for Staying
 COp,-Police Know Sixth

Philadelphia, May P)-Indict- ments on charges of murder against the men who yesterday shot and killed one policeman and wounded another after holding up a bank runner of the Olney Trust company will be asked of the grand jury officials Of the district attorneys office announced today It was al 50 announced that no time would be lost in bringing them to trial. The robbers obtained approximately S60,- GOO. but it was all recovered.
 Four of the six robbers were cap turcd after d running pistol battle with the police. The fifth was ar rested later at his home. The sixth was still at large today, but author- Iies said he was known to them and they expected to arrest him soon.
New Britain herald., 1926-05-05
Braille Dictionary Work
 Of Japanese Blind Man

Tokyo. May P-After four years of diligent work. a blind man. Kat suyoshi Date, of Tokyo, has pub lished an EnglishJapanese diction- ary in Braille. The raised charac- ters will enable the sightless of Japan, learning to read with their finger tips, to obtain higher educa- itions. It is the first work of the ! kind ever produced in Japan.
New Britain herald., 1926-05-05
SUNSHINE SOCIETY NEWS

The Sunshine Society held its reg ular meeting Monday afternoon. There were "A members present and the following reports made: 51 calls made on the sick and shut-ins, five bouquets of flowers sent and Ii birthday gifts sent to the Newington Home for Crippled Children. There are four chairs and two pairs Of crutches on hand.
New Britain herald., 1926-05-05

On Sunday evening, May 16, there will be a lecture with moving pie lures at the South church. showing what Connecticut is doing for the blind children.
New Britain herald., 1926-05-05

Adleriks gives the system & REAL cleansing and brings out old metabolic polsous which may have caused trouble for q long tlme Just ONE spoonful relieves GAS and takes away that full, bloated feeling SO that you can sleep at night without rolling from side to side. Even fl your bowels move every day, Adierika removes much additional poisonous matter which you never thought was In your sys- tenn, and which caused sour stomach, ner- vousness sleeplessness. headache etc. Don't wait any longer but let Adlerika give your stomach and bowels QUICK relief. At leading druggists.
New Britain herald., 1926-05-05
If You Roll Can't Sleep
 Try This

Restless sleep Is often caused by gas from fermentiug food. After taking Ad- lerika Mrs. Cora Nohett states she can sleep ALL NIGHT now,
New Britain herald., 1926-05-05

Tailored bags of leather or dressy bags of silk in count less shapes and sizes. Beauti- ful bags that she will love to carry. In bright colors or the popular grays, tans, navy and black.
 FIRST FLOOR.
New Britain herald., 1926-05-05
Artificial Flowers
 SPRAY 1Oc to 39c

Beautiful, natural looking flowers that will last and give her pleasure for months. Pink and white
 Carnations Roses
 Tulips
 Sweet Peas Cosmos Nasturtiums
 SECOND FLOOR
New Britain herald., 1926-05-05

Kayser silk gloves are the best-the only kind you would give your mother. Fancy cuff gloves in gray, mode, pheas- ant and lavender with match ing or contrasting stitching.
 FIRST FLOOR.
New Britain herald., 1926-05-05

Mother will like these pure silk hose because they wear 80 well. Full fashioned, rein forced at the wearing points. In all the popular shades and black.
 FIRST FLOOR
New Britain herald., 1926-05-05

A very fine and lasting gift is a pearl necklace. These are just the right size and length for mother. Graduated in 8 small graduation. IS inches in length. |
 FIRST FLOOR.
Evening star., 1926-09-07
BARGAIN: terms.

ESSEX COACH nrst-class condition. and
new tires: S375. 1126 Goth st. franklin
Evening star., 1926-09-07
HELP-DOMESTIC Wont'd

GIRL--Inteligent American wanted TO assist
with children and upstairs work; reference
required. Adams 6566. Address 4S05 Col
Grado ave NV
Evening star., 1926-09-07
BUSINESS OPPORTUNITIES

ROOMING HOUSE. 8 rooms: rent. S65 =:
h-w h.. gas: central location: $3.50: cash or
terms. Phone Franklin SB26-J sc
CAFE in downtown hotel. including equip
ment for rent: price reasonable; good op-
p9rtunity for right person. Address Box
411.V Star office
Evening star., 1926-09-07
BUSINESS OPPORTUNITIES.

y ROOMS FURNISHED. and rented for
and furniture. $3.50 ST 900 cash and
$500 per month buys it: near Gov. Prints.
Office. Main 965S. Evenings. Berwyn 13-W.
Evening star., 1926-09-07

HAVE $4,000 FIRST TRUST deed of trust
note 6 n per cent, secured on corner prop
crty;- Ivy street: five-year note. will sell
for per cent d iscount: have insurance and
corporation: want quick action: am in need
Of funds: proposition will stand investiga-
t0n. III interested. address Box 113-V. Star
office re
Evening star., 1926-09-07

STENOGRAPHER, expert
enced. in large corporation ;
steady position; excellent op-
portunity; state salary. expert
ence and phone number in first
letter. Address Box 1Oo-N, Star
office
Evening star., 1926-09-07

FRANKLIN BROCGHAM new paint and me-
chanically ok: price S4OO for quick buy
Franklin Motor Co. 1903 Conn. ave or
1914 F st. North 1851
Evening star., 1926-09-07
SACRIFICE 81
SALE.
YOUR CAR IN TRADE.
WARRINGTON MOTOR CAR COMPANY.
11S7 Conn Ave

1.
1877 Conn. Ave.
SAVE FROM 800 TO 4O9c.
The best assortment of 1926,
1925 and 1924 models. which "A
nationally known automobile
finance company has been
obliged to repossess for nom
payment of notes. Please bear
i'll mind that these cars are
not trade-ins or the other fel-
lows trouble. Each is offered
for the unpaid balance. Every
car has been thoroughly gone
over and is i'll perfect condition.
Terms may be arranged to suit.
Evening star., 1926-09-07

FRANKLIN. latest model sedan: Just like
new car: our usual assurance of satisfaction
with this car. Franklin Motor Car Co.
500 Conn ave or 1914 r at North a5al
Evening star., 1926-09-07

HCPMOBILE TOURING. late 1925 model
shield wiper spare and bumper: as good as
new nnsew.Gar car; snap for some one wishing car
spOnsihle party l132 Crittenden ST. u W.
Evening star., 1926-09-07

touring 1924 new paint me-
oh anically perfect: looks and runs like new
car. 503 Conn. ave. or 1914 Z st. North
Evening star., 1926-09-07
Star "W,ant ADJ
Branch Offices
NORTHWEST
!oh 14th Ht--Joll's Newsstand,
4th and y SC ---Ilar ph arr,nac,.

1i3s IAN ot t--Jolis Newsstand
!tt,,hh !tt,hh and and E .ts-I stspIay PhsTnaSS Gjsmspas
@9Un Georgia ave.-Frank +. Lelly's Phar.
2so9s 18th st. n.w-Colnnower Art and
Sstt1l stt1nl - I4,3 st-Bronaugh,,s Pharmacy,
4frn ana Buchanan sts.-Hohberger RS Phar-
l4ih h st; and Colorado ave.--o'Donnells
S299a 9ssr NJ, and ryieassnt ysa st-Mouns Pleasant
s7ss5 ccsInf%11 csIfnrn,1. aiPIe9 GiFs5 P5 Agency
N. y; y. J. ,avcs and N st-Perfect Pre-
7ih snd s:s-Goidc4nbere '"8Tmnsy timo clerks
7,bs 7tbs and and ,f-snith,s cstEa,e Drug Store.
W ave, 10Th and r sts.--Howley's Phar-
eth and I sts,--M. H. ,Hqaton's Pharmacy.
Ca rare ays ST sTd Roc: Creek Church rdRo'k
Ga: ave. and Upshur st.--Petworth Phar.
SSggs Ga aSeN29rhs ghfTaGy pbaa&acy
Iaa""55 I,st s.Morse oNs Innn, rhaEm4Hy pS,r,,.or
Ela:. ave and ist Tt@S Reiskin' in "- 1S0'e'
55i:, 557i2,@ ,I,s Pa q ave ) Iogis K3ck
$55i?s I'd ca,5 "a =. HrrSsis Fsa5$sey.
$3.50 Conn. ave. chew Chase D. c.
ws"onsn ave- eSFai@G and Macpmb pnfpmfcy siyHarry c.
4eo5 Wisconsin ave-wisconsin Ave. Phar-
Tsbboma Park, a5e Cedar st--Mattingly
.o,n PROS, 80 rn1FPafo IA PcaEfooRcrrowx.
SS""nthl snd p t[34;-M4grrgan Bros, Pharmacy.
All n n St st0Mos}s9s Mh@2aslss phnrma%yE pphhaTmacE
wisconsin ave. and st.--Donohue's Phar-
NORTHEAST.
~ d'h aTd ttt:mII2,yne br1s Store
1}1 b1n st ,,a ant r. Nd LA ayeII2is r Bradley.
426. East canitoI stNParls Pharn,acv' Ph.niav'
18Th and East Cap. sts-Lincoin Park Phar-
3o,h 10th = a., ard md R. I. ave-coins' Pharmacy,
4th and R. I. ave-John G. Briggs Phar-
o., :, .ns p, sorTFEIAsT. n-, s.o
sh and f .-F rs p wsof. pbGrasS RT1 sS"re
111thh s. $ rG aot Pa. aye-JEealexs Phharmscy
1897 Nichols ave, Anacostia--Healy's Drug
- and > sts@Ianiz Bros iGreFF' fnSFn'A'S
ana RArf-3 cESTS 4f@iHs,' 4 AFS2sR5cS woRD.
IN w,s,,irsia, M:nirnnm ann cli,,I, ch,aTge, 45G
hep and Situations Wanted
automobiles for Sale ana Wanted
Rooms for Rent and Wanted
Buslnoss Onportnnites etc.
RATE Outside OF WASHINGTON.
! cents word
REAL ESTATE ADS.
o words to. tho line 3-line minimum. at
line rate as follows:
time. 200 per line
tines. DC per line
3 times So per line
times. 70 per line
STAR OFFICE OPEN UNTII. 1IPM
All ,advertisements for, The Evening. Star
Star branch offlces by ii pm. the DAY
BEF0RE ISSUE. with the following excep
Lost and Found.
Death Notices
Wanted HELM
Wanted Situations
=, Advert isements under the above classifca-
tions will lie arcepled ut The Star Off1ce.
!th St and Pa. ave. until 9:30 am day
e. issue. AT advertisements for The Sunday
star must he received at The Star Office by
80 pm saturday, or at any of The Star
Evening star., 1926-09-07

FRANKLIN 1924 sedan: new DucO paint
practically new tires mechanically perfect
Franklin Motor Car Co. 1909 Conn ave. or
1914 st North 35Rl
Evening star., 1926-09-07
HFLP-MALE (Cont'N.

WHITE BOY. to learn the clothing business.
The National Clothing Co. 436 9th st. NV.
YOUNG MAN. clerk NJ. f. Swing Co.,
YOUNG MEN-3 white to act as maids
for school; must furnish best, Of reference
as to honesty: $50 per month: room and
board and laundry Apply 1713 Pa. ave.
NV.
Young MEN WANTED-Two. preferably
with scout training, at least graduation
Resident position including quarters, main
tenance and salary 81 800 pei, annum; 30
each Meak l44l Ohio
Evening star., 1926-09-07
WANTED-AGENTS.

EDUCATED MEN. over 20 to sell New
1tItern ational Encyclopedia New popular
priced edition. National and local system
of advertising offers splendid opportunity
Lends furntshed. Dodd, Mead Co. Box
Evening star., 1926-09-07

full condition: this car at SS"5 Is a bargain.
Franklin Motor Car Co, 1903 Conn ave. or
1914 at. North 35S1
Evening star., 1926-09-07

YEAR. TO PAY.
PEERLESS MOTORS CO..
18th and p SITS. Main $3.50.
Open Evenings and Sundays.
Evening star., 1926-09-07

HCPMOBuE TOURING. late 1925: in Won
derful condition and fully equipped with
all desirable accessories: will sacrifice for
quick sale 1909 u st NV
Evening star., 1926-09-07

HUDSON TOURING, excellent condition;
East Capitol. Phone Line. 1924 Sc
Evening star., 1926-09-07
FOR SALE-AUTOMOBILES

FOR SALE-AUTOMOBI
tcontinued.l
RS ns,o Sa7ssIn iol sq9 sp8da sss
St ne
DopGE roads,Ss sSso very lest shape. s226. on
5snSs .:gsR terms NJ Miller. Main $3.50
ESsEx, COACH. 1926 : Barfain: torus-
EssEx 5sS re. Soaa ss5 f3 i!S sh '.2d2a q. .nia Ra
FORD COUPE. 1925 and Dodge Touring,
is22 bargain; owner leaving town: $500
each; good mechanical condition and appear
sSs bed sai Incs seat
hShD lot ~ EXTRAS: :f Sss' G 4s ss0s'n' 81 e0nd
feet. To%Sd treT caHp9ea sarEsaPoa easy
FORD Tudor sedan. new paint Just like a
new car; SO cash. Sa5 month. 2025 l4th
practicaiiy new tires. mechanically ally perfect.
FrankHn MotSr Car Co; 1903 Conn. ave. or
FEANahN fRoTGHAM new paint and me
FrsnkIin 5a,n Mosor CO; 1903 Conn. ave or
ne& saf our n.ss hs sdsp % D sS
Mth ikoa rdhS this car cal. FTs1thn MOtor Car &C.
FRAiSkLIiN r. ] i3uring & 1924 new paint INT me-.
car 1903 Conn. ave. or 1914 st North
HUDSON TOURING, excellent condition:
price very reasonable to quick buyer. 3lS
East Capitol. Phone Line 1894 s.
HrPMOB1LE coupe 1925 4.cyl,. in wonder
Franklin Motor Car Co, 1903 Conn ave or
1914 F st. North 35S1.
HUPMOBILE TOURING late 1925: in won
ali ali desirable accessories: will sacrifice Tor
HrPMoBILE TOrRING. late 1925 model
shield wiper, spare and bumper: as good as
new car; a snap, for some one wishing a car
81 sponsi6le party Iias Grit.enSan s St. n 70
MARMON sedan. 5-passenger. trunk on rear:
perfect except, for paint: will paint 70 suit
5Gs conn Rlcf avq FpEe , 1T Sorh ts s
MARMQN TOURING. 1924, 7-passenger: q
wonderful, condition: 5000; terms. Cali
coupe-sedan; 3 n,onths old; mileage, 600
nearest offer. Can be seen at 693 H It.
PACKARD coupe. 1928: new dvco paint,
Eew III Gubbcr excellent wechanC2y %grcs
Car Co.. 1903 Conn. ave. or 1911 ct.
North 34S1.
PEERLESS $50 4-passenger sport phaeton,
1926: brand-new; run only 900 miles: sell
for S1.190 and can arrange terms. Call
Main $3.50 Tuesday or Wednesday for DEM
onstration.
REQ sedan, 1925: full equipment: cost
nearly $500 when new: excellent condi-
1903 Conn. ave or 1914 st North 35sl.
WILLYS-KNIGHT TOURING: by original
owner: this Is perfect in every way;
terms may be arranged. 143l East Capitol.
Lincoln 80.
Evening star., 1926-09-07
ENGINEER.

White. good license. as assistant engineer;
steady Job. Apply Charles Powell. Yale
Laundry. Az \. Y. ave. NV.
SELL CHRISTMAS CARDS.
So0-S75 can he earned and paid weekly.
spare time with beautiful line personal
Christmas cards: experience unnecessary we
help you make a success: handsome sample
book. no investment; start nov: 40ee COM
mission and bonus. Artistic Publishing Co.
323 West RandOIDh st .ChicaGO.
Evening star., 1926-09-07

FORD COUPE. 1924 and Dodge Touring
1922: bargain: owner leaving town: $400
for both. any reasonable offer accepted for
each; good mechanical condition and appear
com Portable bed line 2IO2
Evening star., 1926-09-07

FORD Tudor sedan. new paint. Just like a
new car: SO cash S25 month. 2O25 l4th
Evening star., 1926-09-07

NASH. 1926. ADVANCED SIX-4 door
coupe-sedan; 3 months old: mileage. 4 600
miles: cost S2,265 will sell for 81 900
nearest offer. Can be seen at 623 II st.
Evening star., 1926-09-07

MARMON sedan. 5-passenger trunk on rear
perfect except for paint: will paint 10 suit
buyer. price right. Franklin Motor. Car Co.
SOB Conn ave or 1914 F. St North 1881
Evening star., 1926-09-07

MARMON TOURING. 1924 1-passenger: In
wonderful condition: $500: terms Call
Main S.51 for annointnient
Evening star., 1926-09-07

FORD ToCRING, 1929. SllR: motor per:
terms. Mr.. COOnerstein. Lincoln iO202
Evening star., 1926-09-07
WANTED-SALESNEN
REALTY SAT.FSMEN

for our city and suburban offices: splen-
did opening for busters of good reputation
who know the city and nearby suburbs; also
several men experienced in exchanging; CO.
operation given. Call at main Office.
\. T.. RNON CO., Inc,
Main 4597. 1923 r st.
1908 Wilson Blvd. 341S i4th st.
Evening star., 1926-09-07

FORD coupe: disc wheels excellent condi
ton: lot of extras. 2O32 l4th st. NV.
Evening star., 1926-09-07
HOTEL POSITIONS OPEN

Hotels. clubs apartments institutions
schools. colleges tea rooms. restaurants
cafe:erias. need trained men and women
Demand increasrlZ daily Every day opening
IN D c Florida. sill States. for Managers
asst managers hostesses. housekeepers AZ
countsnts. room clerks stewards and other
executives
Night classes now forming. Glass limited
Enroll early Prepare pare IN few short m0n,ns G1ns
s 80 q M to 9 pm. -
LEWIS HOTEL TRAINING SCHOOLS.
Pennsylvanla Ave at 23rd ST
Evening star., 1926-09-07
PEERLESS.
YOUR OPPORTUNITY.
BUY WITH CONFIDENCE.

1925 Peerless coupe. .$1 ,7o5
1925 Ford coupe ....... 325
1925 Chandler Sport Rd., 795
1924 Peerless coupe,
hydraulic brakes, oo5
1924 Essex coach ....... $50
1923 Ford Fordor sedan. $50
1924 Peerless sedan ..... 1850
1924 Columbia touring,
5-pass. ......... 35
1924 Dodge sedan. $50
1924 Buick roadster. $50
V-63 1924 Cadillac phaeton, $50
1924 Hudson coach, bal
loon tires. ....... $50
1920 Peerless sedan. Us
1922 Ford touring........ 55
81 Cadillac phaeton,
4-pass. ........ $50
1923 Kissel roadster. $50
1924 Peerless sedan .... 1850
1924 Peerless coupe ..... $50
1923 Peerless sedan .... o95
1925 Peerless Spas. sedan, 1,l0O
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-20

sales managers report dlfilcultX IN
getting able vendors of investment
issues. Accordingly, there is an in
creasing tendency to select men who
have made good in other lines of en-
terprise--in the thought that as bond
statesmen and customers men they
can do business with the acquaint-
ances they made in their previous
activity"
Mr.. Foust's work gives him an in
sight into human nature. Sometimes
men desperately in need of job
might turn down an offer because the
place of employment is incOnveniently
located. Sometimes cultivated men
are not wanted by prospective en-
ployers. who readily fall for rough
necks and go-getters. When a Yale
man asks for help, he is most likely
to be pleased if you send him Yale
graduates. Sometimes seeming
lemons" who are sent out for jobs
turn out to be stars.
One of the large cash register con
Germs employed a man who desperate
ly needed work. The sales manager
assigned him to the toughest territory,
thinking he would soon demonstrate
his unfitness. Instead, he developed
into q crack salesman.
A bond house which trains green
statesmen in groups of 90 could only
get 10 promising applicants. To fill
the quota, the house knowingly took
one man who had been a failure in
all his previous activities. He turned
out to be the second best salesman in
the house The house caters to
trained investors and the latter liked
his way of letting them do their own
thinking at their leisure.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-20

accounting at night, and aim ulti-
mately to become controller of a
larger corporation.
My advice to beginners is to make
sure that their business career is not
based on mere chance, but on thought.
Beginners should realize, moreover,
that the important thing is to start
with a good house. The nature of
the employer is more important than
the first job or the initial salary.
Blind alley jobs usually pay well at
the start and lure the unthinking from
posts that open up unlimited oppor-
tunities for advancement. One out
standing private banking house still
starts in boys at $12 a week. others
at $l5. Usually you can get more as
the start. Some banking houses con
sciously pay boys less than they
can live on at the outset, because
they wish to employ youngsters
whose parents are actively interested
in their development and willing to
contribute to their support during
their apprentice days. Such houses
will quickly double a boys salary
when they feel he has made good
Many Are Discouraged.
Too many college graduates ask
how they can make $25 week. rather
than inquiring what they are fitted
for.
TOO many individuals are discour-
tged because they feel they are not
brilliant. My observation is that bust
ness success goes not to the genius
but to the hard hitting fellow who is
ready to work effectively every day
In switching from jobs, men pay
too much attention to salary induce
ments and too little to the question
of possibilities for future advance
ment."
Before the war Mr.. Fousts expert
ence was in the brokerage business
and banking. He is youthful and
dynamic. He enjoys connecting
bids" and "offers" at the counter
when employer meets employe.
I asked him what new trends he
discerned in the market place for
human services.
There is a larger demand than
ever before among Wall street houses
for analytical brains-for statisticianS
and economists" he said.
Men with capital and a clientele
can always find a place as partners
in investment houses. Many houses
also take in as partners inexperienced
college-bred sons of wealthy parents
who thus bring in not only money
but also valuable contracts.
Bond Statesmen Needed.
THE search for capable bond sales
men is amending. The demand is very
much greater than the supply. Most
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-20
EVERYMAN'S
INVESTMENTS
By GEORGE t. HUGHES.
"par Value, "


One of the least understood of
financial terms, even by investors and
SPECTATORS of considerable experience,
is "par value" The confusion of
thought is increased by the now
prevalent practice of issuing stocks
of no par value. Let us see If we
can make the matter plain.
AS has been said, the old custom
was always to establish a par value
for the shares of any new industrial
organization. Generally it was 500,
but sometimes 1t was $50 or even
lower--in the case of mining stocks 81
Now theoretically par value meant
the amount the originators of the
enterprise paid in to secure their
stock. Therefore. II a company was
formed with 1000 shares of 500 par
value each it meant that 800 900 had
been subscribed as the initial capital
That would be very simple if stock
were always issued for cash, but such
is not the case. Stock is often given
for property and the property is
valued by the directors who order it
bought, and naturally opinions will
differ as to whether or not the valua
ton is correct.
So even par value is not always a
certain guide to the original worth
OF the business. Moreover. most in.
YeStorS are interested in corporations
which have been established over q
long period of years, and with these
par value is even more misleading
for In the progress of time the cor
Doratfon accumulates q surplus, or
il 1t meets with adversely it's capital
IS impaired and. a deficit results. In
either case the par value Of the stock
no longer bears any relation to it's
actual value. That can only he es.
tablished by a detailed analysis of
the balance sheet. The par value of
United States Steel common stocks is
500 a share, but its actual asset val
ue Is more than two and one.half
times that amount
Par value is convenient as a means
of stating dividend rates. They can
not be expressed in per cent unless
there Is a par value. But because a
stock is OF a stated par value there
is no obligation expressed or implied
on the part of the corporation or any
one else to pay off the stakeholder at
uar. His interest in the business,
and all this refers exclusively to com
mon stocks and not to preferred, de
pends entirely on the proportion the
number of shares he holds bears to
the total number outstanding. For
example. If "A stakeholder owns one
share out of 100 he owns a one-hun-
dredth part of the business, no more,
no less. He will have the same
amount, whether the par value is 81
SO. $50. 500 or no par value