davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-31
YEAR CONTINUES RECORD PACE s
In u. S. FOREIGN INVESTMENTS
Capital FlOtation of Bond and Stock Issues Total
$7,OOO,OOO,OO O-Foreign Borrowings
i'm Excess of Billion. :.

I lowed the report of the reparations
agent, in which he pointed out that
while Germany had transferred to
creditor countries about $3.50 900 900
under the Dawes plan. it had Dor
| rOwed from them about $S75,000.0 600
| in the same period Borrow ings in
| the United States alone were approXi-
mately the same as the PREPARATIONS
payments.
The largest individual offering of
the year was a $4,000, 900 issue of 5
per cent debentureS for the Standard
Oil Company of New Jersey, the pro-
ceedS of which were to be applied to,
the retirement of the company's $780,.
100000 z per cent preferred stock.
The entire issue was absorbed by pre-
ferred stock holders, who were given
preferential rights to subscribe. In.
the same week $50 900 600 bond issue
was sold for the Standard Oil Com.
pany of New York.
South Americans Borrow.
Several other corporations took adj
vantage of favorable bond market con-
ditions to reduce their charges, the
Chile Copper Company replacing $35.-
100000 of per cent bonds with an
issue of per cent debentures.
South American countries and prov
inces were well represented among
the foreign borrowers. Large loans
were arranged for the governments OF
Chile, Uruguay, Brazil and Argentina
as well as for the province of Buenosg
Aires. A 20,000,000 loan for the city
of Yokohama marked the third step
in the Japanese reconstruction pro-
gram.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-31
By the Associated Press.


NEW YORK, December 31.--Ameri-
can dollars continued to pour into for
eign and domestic investments at q
record-breaking rate in 1926 Capital
| f1otations in the form of bond and
stock issues for governments, munich
| palities and corporate enterprises dur
| ing the year appropriated $1,000, 900.
900, and final compilations may show
| that even this unprecedented total has
been eclipsed.
For the third year in succession
foreign borrowings in the United
| States exceeded a billion dollars, al
though the total was slightly below
last years high record. More than
half of this money went into produc-
tive enterprises. whose demands for
the first time were greater than those
Of foreign governments.
Illustrative of the broadening char
acter of the investment market was a
remarkable rise in the price of bonds
to the highest level in more than a
decade despite the enormous volume
of new financing. Foreign obligations
scared to heights which surpassed the
most optimistic expectations of the
underwriting bankers: some of the
United States Treasury issues com
manded premiums as high as 10 per
cent for the first time in many years
and countless corporation bonds sold
at the best prices in their history.
Turnover Is $4,000, OOO, 900.
The appreciation in the market
value of bonds was the more signifi-
cant because it took place in the face
of a smaller volume of dealings The
turnover for the year was approx
mately $4,000. 900 900, compared with
$4,000, 100000 in 1925 and $4,0OO,OOO 900
in 1924.
Two German developments financed
in the United States were of world
wide interest. The formation of a
great steel combine known as the
United Steel Works Corporation re-
quired about $50 geo 900, half of which
was raised for the Rheineelbe Union
and other companies preliminary to
the merger and the remainder upon
completion of the consolidation.
SHINES Industries Aided.
The great SHINES industries, which
encountered difficulties after the death
OF Hugo SHINES, also turned to this
country for financial aid. Two Ameri.
can companies We're formed to ACQUIRE
the properties and $25 900 900 was
raised by the sale of bonds.
A curtailment in German borrowing
is expected to result next year from
the decision of the government to re-
impose 10 per cent tax on external
bond issues, from which borrowing
companies have been exempted for the
past several years. This action fol-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-31
BY the Associated Press.

NEW YORK, December 31.-Stabil-
new gold basis, a remarkable recovery
in the French franc late in the year,
the return of the japanese yen and
the Norwegian kroner to within
short distance of parity and substan-
tial improvement in most of the other
foreign exchanges signalized world
wide movement toward more stable
monetary conditions in 1926.
At the close of the year the outlook
for sound currency conditions was
brighter than at any time since the
war, largely due to the cumulative eff
fects of constructive program sup
ported by international bankers and
the foremost economic authorities of
all countries.
Within the next year, it has been
predicted by financial experts. the
French franc and the Italian Ira will
join the other European currencies
which have gone back to the gold
standard. Revaluation probably will
be necessary. as it was in Belgium.
Recent developments have indicated
that attempts were being made to as
certain the true levels of these ex-
changes.
The Belgian monetary program, ef-
fected with the aid of a 100000 900
international loan in October, uhques-
tionably gave a powerful impulse to
sterilization plans in other countries.
Previously, both Belgian and French
francs had gone through the most
troublesome days in their checkered
histories plunging to record low levels
in Midsummer slump.
After selling above Az cents early
in the year the Belgian franc tumbled
to 2.071a cents in July after political
disagreements had temporarily made
1t impossible for the country to obtain
external loans and imperiled the sta
bilization project. Under new min
istry, financial reforms were subse-
quently carried out, putting the gov
eminent In u position to undertake it's
program. This involved the creation
of a new unit--the belga-valued
around 1891 cents, or the equivalent
OF francs, then pegged at 2.78 cents.
The long delay in effecting a settle
ment of the French war debt to the
United States, coupled with serious
financial unsettlement in that coun-
try. contributed to the downfall of the
French franc, which touched a record
low of 1917 cents before the decline
was checked. The return of Premier
Poincare to power and his success in
reshaping the finances of the repub-
lie had a Steadying influence on the
exchange. A gradual recovery, which
set in late in the Summer, was &C.
centuated by the Belgian operation,
and toward the close of the year the
franc was selling around the Accent
level, more than 100 per cent above
It's low.
The italian Ira, protected by a
500 100000 loan, was in better po-
sition to withstand the vicissitudes of
exchange trading than other Euro
pean currencies. The Summer reac-
ton carried it down to $40 cents, but
1t soon rebounded to new high above
4 "a cents and was holding not far
from that level at the end OF the year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-31

Cross; the International Oratorical
Contest; the annual meeting of the
business organization of the Govern
ment, and the annual convention of
Department superintendent Of Edu-
cation.
The speeches made out of Washing
ton were at Williamsburg, Va: the
opening of the Sesquicentennial in
Philadelphia; the Armistice day cele-
bration in Kansas City, Mo-, and the
celebration of the 150th anniversary
of the Battle of Trenton, in Trenton,
n. j., last Wednesday night.
The President INDUCED in only a few
other journeys outside of Washington.
Besides his trip to and from the Adir-
ondack Mountains in New York. where
he spent his vacation last Summer, he
made a five days visit to his old home
in Plymouth, VT, and hurried trip
to Northampton, Mass, for the pur-
pose of casting his ballot in the No
vember elections. When he went to
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-31
MONETARY OUTLOOK IS BRIGHTER
THROUGHOUT WORLD AS 1926 ENDS
Belgian Sterilization, Francs Recovery, Improve.
ment in Japanese Yen and Italian Lira Among
Favorable Factors of Year.

Indications that Japan was prepar.
ing to restore the gold standard We're
seen in the climb of the yen back to
virtual parity with gold above 49
cents. Bankers in close touch with
the situation. however, explained that
the years advance of almost 6 cents
had been due in part to speculative
purchases of the currency, anticipat-
ing it's complete sterilization, and that
the Japanese financial authorities
might delay the lifting of the gold en-
barge until satisfied that the exchange
would be able to meet the test with
out causing any financial or trade dis
turbance. Large gold balances have
been built up in the United States
as safeguard to sterilization, which
is almost certain to come in 1927.
After graphing with the problem
of preventing a too rapid apprecia-
ton of its exchange, Norway appar-
emily decided that conditions war
ranted a higher valuation and the
Bank of Norges accordingly revised
its buying rate for the krone. The
action was interpreted as move
toward the establishment Of the
gold standard at the pre-war basis of
$3.50 cents. The currency which had
been quoted around 20 cents early in
parity late in the Fall, and &, sympa-
thetic advance took place in the other
Scandinavian rates.
Chinese Currency Depressed.
The Chinese silver currencies were
severely depressed by the sharp break
in the price of this metal which fol-
lowed the recommendation of the
Royal Currency Commission that the
Indian monetary system be trans
ferred from a silver to a gold basis.
HOngkong fell from it's January high
level above 5S cents to &c cents in
October, Shanghai from 20 cents to
81 cents and Picking from 70 cents to
SO cents. Partial recoveries took place
late in the year despite political dis
turbances in that country. The In
dian rupee also declined about a. cent
to new low rate in the year.
South American currencies were
rat o. unsettled during the year with
Br;E ian milreis falling below II
cents in December on reports that
sterilization would be undertaken
around this level. Argentine pesos
fell below 80 cents in the Spring, but
were back around al cents as the year
drew to a close.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-31

the opening of the Sesduicentennial
the President inspected the new bridge
across the Delaware River linking
Philadelphia and Camden, n. j., which
included a brief visit to the latter city
He motored to Loudoun County, Va,
to visit the old home of President
Monroe, and en- route he stopped off
at the historic old courthouse at Fair
fax Court House, Va. Besides these
trips the President, with Mrs. Cool
idge. made frequent Journeys aboard
the yacht Mayflower, but no one of
these cruises took them farther than
the waters of the lower Chesapeake
Bay.
Although the President formally re.
ceiyed a number of accredited repre-
sentatives of foreign governments, the
most notable visitor at the White
House from foreign land was Queen
Marie of Rumania, in whose honor the
President and Mrs. Coolidge enter
tanned at dinner. A similar honor was
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-31
EARNINGS COMPARED.
Big Increases Shown in C.. & O.'s
Yearly Revenues.

In the January issue of the Chesa-
peake and Ohio and Hooking Valley
Employees Magazine there is a COM
parison of the earnings and expenses
Of the Chesapeake and Ohio as given
in reports to the stockholders in 1876,
so years ago, and figures for last
years operations. There is an in
crease from $1,599,512 to $123, 184, 103
in operating revenues, and from 81,
243,O35 to $88,981 AIS in operating ex.
penses. while the comparison of it's
mileage and equipment then and now
shows just as remarkable an in
crease
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-31
BY j. RUSSELL YOUNG.

v YOID of everything resem-
bling a national or inter
W national crisis and I'M
marred by any real grave
or serious domestic stu
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-31
NEW WEALTH GREAT.
Bond Financing of 1926 Exceeds
ALI Records.


Creation of new wealth available
for investment was of unprecedented
proportions in the United States dur
ing 1926.
This testimonial to the prosperity
of the Nation in the year just closed
is brought to attention strinkingly in
statistics on new bond financing. The
total exceeds all records, even sur
passing the previous high mark of
1925, the most prosperous year in the
history of the Nation. ~
Figures compiled by Lawrence
Stern & Co, Chicago investment
bankers, indicate that new bond and
note issues offered for investment dur
ing the entir1 year aggrega.- APP
proximately $4,000, 1000 900. This conn
pares with 1896. 319, 800 in 1925 and
is an increase of per cent.
The McCarthy weekly news., 1926-06-05

FOR PATENT.
 NOTICE IS HEREBY GIVEN that in pursuance of Chapter 6, Title 32, of the Revised Statutes of the United States, JAMES McGAVOCK, PETER E. ERlCHSEN, MARJORI E. HALL, and M. GILBERT RE, MAN, the post office address of each of whom is in care of DoDohoe Dimoud, at Valdez, Alaska, their atto1neJs in this matter, have made application for a patent for 1O43.3O linear feet on the IOWA lode, and for 15O0.OO linear feet on the CHITI lode, with surface ground 300 feet in width on each side of each of said lodes, making d total width of 600 feet on each of said lodes, and total length linear measurement on the lode lines of 2543.3O feet, the same comprising Mineral Survey No. 1466, situated in the Mccarthy Recording Precinct, Third Division, territory of Alaska and fully described as to metes and bounds on the official plat and by the field notes of said survey on file in the office of the Register of the Anchorage Land Office, at Anchorage Alaska, as follows to wit:
 IOWA LODE Beginning at corner No. 1, a greensboro "A $ 6 inches, set 12 inches in the ground, with mound of stone, chiseled cross at corner point, and marked Il 1 1466", whence U. $. M. M. No. l466 bears N. 290 26' w. 76.l7 feet distant; thence S. 7O0 IS E. eco feet to Corner No. 2; thence $. 250 l2' w. 1O43.3O feet to Corner No. 3; thence N. 7O0 IS W. 600 feet to Corner No. i, nst set as it falls on marginal moraine of glacier where permanent corner could not be established; thence, from position for true corner, N. 250 12' 'E. 28.7O feet to witness orner for said Corner No. 4, and, same course, 1O42.3O feet to Corner No. 1, the
The McCarthy weekly news., 1926-06-05

by said field notes and official plat ot said Survey No. 1O82-A & B. Varia- tions at all corners 30 degrees 30 min utes East.
 This claim is bounded on the southwesterly end by the Keller Lode, Survey No. 617; on the northwesterIy side by Bonanza Extension, Bonanza Extension No. 1 and Banana Ext. ension No. II, Survey No. 874, own. ed by said Mother Lode Coalition Min es Company, said Bonanza Extension, Bonanza Extension No. 1 and Bon anza Extension No. l are overlapp, ed by this claim; on the northeasterly end by said Bonanza Extension No. 1 Bonanza Extension No. II, and Bonanza Lead (U. s. Survey No. 874, also owned by said Mother Lode Coal ition Mines Company, said Bonanza Extension No. II and Bonanza Lead being overlapped by this claim; and on the southeasterly side by said Bonanza Lead, Survey No. 874, and by Marvel ous Lode, Survey No. 1O82-A & B. said Bonanza Lead being overlapped by this claim.
 MARVELLOUS LODE CLAIM
 Beginning at Corner Mo- 1 identical with the amended location and with corner No. Godfrey Lode U. S. Mineral Survey 1082-A & B hereinbefore described, whence U s Location Monument No. 4, herein before described, bears North 7G degrees, 9 minutes 33 seconds West 1451.74 feet;
 THENCE, North 38 degrees, 34 minutes East, along south line of said Godfrey Lode, HOO feet to Corner No. 2, identical with amended location obliterated, and with corner No. 3, said Godfrey Lode, corner not set as il falls on top of inaccessible cliff;
 THENCE, South 59 degrees, Is minutes East, from true corner 531 .6O feet. to point for corner No. 3, ident ical with amended location, obliterat ed, corner not set as it falls on top of inaccessible cliff;
 THENCE, South 38 degrees, 34 minutes West from true corner, HOO feet to point for corner No. 4, on line between corners Nos. ? and 3 Keller Lode, Survey No. 617, ident ical with amended location obliterated,
The McCarthy weekly news., 1926-06-05
CHITI LODE.

DeSlnnlng al NOTner NO. l, lQent- ical with Corner No. of the said Iowa lode, above described, of said Survey No. 1466; thence N. 1s0 45 E. 14e999 feet to Corner No. 2; thence s. 7O0 1S' E. 441.SO feet to witness corner for Corner No. 3, and. same Course, 598.6O feet to Corner No. 3, not set as it falls in eulch swept by snowslides; thence, from position for true Corner No. 8, s. 190 42' w. 15OO feet to Corner No. 4. identical with Corner No. 2 of the said Iowa lode above described; thence, N. 7O0 18' w. 600 feet to Corner Mo- 1, the place of beginning; and containing 2O.637 acres. The said Chit lode is sometimes called the Chitti or Chitty lode.
 Both of the lodes above described are located on unsurveyed public dom ain, about one mile above the foot of the glacier at the head of Glacier Creek, tributary of the Chitistone River, in the Precinct, Division and Territory aforesaid, in approximate latitude 61 26' North, and approximate longitude 1420 2O' West.
 There are no claims or lodes, OF claim or lode, adjoining either of the lodes above-described, nor is either of said lodes in conflict with any other claim or lode whatsoever, or any sur vey thereof.
 United States Mineral Monu, ment. to which reference is herein made, is located at an elevation of about 45OO feet. on a prominent ridge on the north side of the Glacier Creek valley, and about one mile east of the foot of the glacier at the head of said valley, said monument, which is in approximate latitude 610 26' N. and approximate longitude 1420 20 w., is marked with cross at the center point and "USMM 1466" chiseled on a greensboro rock in place, 2x3 feet and } feet high, with mound of stone alongside feet base and feet high.
 Said IOWA lode is based on a valid location made on May i, 1906, and duly recorded July 19, 1906. Said CHITI lode is based on a valid location made on April 21, 1906, and duly recorded on July 19, 1906 The
The McCarthy weekly news., 1926-06-05

ner NO. l, the plat ot beginning; con taining an area of 13.299 acres from which area should be excluded the respective areas in conflict between said Marvellous lode claim and said Bonanza lead claim, Survey No. S74 and said Bonanza Lead Claim No. 4, Survey No. 874, save and except that portion of the said conflict which is included within and covered by origin al Marvellous location (unsurveyed), which area so conflicting with the Bonanza Lead Claim should not be excluded and which said area so con flicting with the Bonanza Lead No. 4 Claim should not be excluded. The several areas in conflict between the Marvellous Lode Claim and the Bon anza Lead Claim and Bonanza Lead Claim No. 4 which are to be excluded and the several areas in conflict between said claims which are not to be excluded are shown by said field notes and offie ial plat of said Survey No. 1082-A X B. Variations at all corners 30 degree. 30 minutes East
 This claim is bounded upon tho northwesterly side by said Godfrey Lode Claim, and by Bonanza Lead Survey Mo- o74. both owned by saie Mother Lode Coalition Mines om1 any and both overlapped by this claim on the northeasterly end by said Bor anza Lead and said Bonanza Lead No 4, U, s. Surv.y No. 874, said Bonanz; Lead and said Bonanza Lead No. / both being overlapped by this clain and both owned by said Mother Lod Coalition Mines Company, upon th southeasterly side by said Bonanz Lead No. I, which is overlapped b, this claim, and upon the southweste ly end by said keller Lode, Surve, No. 6l7 and by said Bonanza Leat No. 4
 ... Dated at Anchorage, Alaska this 5th. day of May, 1926.
 Any and all persons claimin adversely any of the above described mining claims, or premises or an, portion thereof so described, surveyed and plated, are hereby notified tha unless they file their adverse claim with the Register of the U. s. Lane Office, at Anchorage, Alaska, within .he period of publication, or eigh rooo+bc +boraof+ +ba,, ,y;l1 ha h,r~a>
The McCarthy weekly news., 1926-06-05

place of beginning; and containing 14.3O4 acres.
The McCarthy weekly news., 1926-06-05

IN TIE UNI ED O1 AlEO LAlND OFFICE AT ANCHORAGE,
 ALASKA. IN THE MATTER OF APPLICA- TON OF
 JAMES McGAVOCK, PETER S.~ERICHSEN, MARJORY E. HALL, and M. GILBERT REMAIN, for United States Patent for the IOWA and CHIT lode claims.
 Serial No. O6647.
 Mineral Survey No. 1466. NOTICE Or APPLICATION
 FOR PATENT.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1926-09-10

Parties who attended the County
Fair at Hibbing speak in the Llgh-
est praises of the annual show:
Owing to the unfinished condition of
the new Fair grounds, the show was
working under difficulties which will
be remedied as fast as possible. The
displays were of the finest especially
the live stock showings. The at
fractions offered were of the best
and the attendance was all that
could be desired. As the grounds
are put in shape, a matter of a few
years, the st. Louis County Fair will
again take its place as the foremost
of the county fairs in the state.
Several years ago Duluth had the
county fair and pronounced it a
dismal failure and demise and dis
solution followed. Hibbing, in the
accustomed manner characterizing
the range towns, of rejuvinatlng
rundown affairs and people. took
over the fair and have successfully
carried it ever since. The new fair
grounds are ideal for such a show
but it requires time and energy to
build it up to the standards main
tanned at the old site. Hibbing has
both the time and energy and assist.
ed by the other communities on the
ranges will bring the fair up to the
top-notch and out of the SLUMP
occasioned by its change in sites.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1926-09-10
THE LOCAL MERCHANT.

The Miner lifts the following bodily Bemidj
of the best home town boosters in the MOTT
that responsible for the growth OF his COM
munty; o., ono tho suhieo+ of tho ,oc., merchant
Perhaps YOU are loyal patrone shops and
do harm to read this anyhow: -
local merchant is first citizen resident OF your COM
munity the
your community taxes along with for the
and sends his children to schoo-schoos which he helps you
IF he is butcher he his family
from matter what his line of business, he
spends money other business of the community
local banks he takes his family of an evening to
local shows
Summed the money ne makes IN the community spent
Were not your local merchant there would be
schools no paved streets public buildings
and day shine, giving
his whatever will benefit the dis
trct taking the of the community or aid
ing regulate for the best interests of the
m0np He IL Is IA A CITIZEN.
Is he not entitled then. to consideration?
But something than call for loyalty to
him as citizen to citizen-neighbo neighbor.
They customers, but ow ctizens good
neghbors will be here and the next day and
meeting his customers face to face day after day. his
business gets aentionevery transaction
Onal dealing between him and the patron ,. 60. .oo.
dow and year. fully that the only build
is to sell good goods at right prices.
local merchant in himself guarantee OF his goods
and prices he always the stand
meeting largely the same customers - .;4 u, ,;
exist the patronage OF tranents-hs hve
hood residents regular customers He must
his snT Ss tD 5 en and his service are all and
You lve-wre wde-awake home merchant
Every customer him, important; customer is eagerly
lesswe your local merchant Will not
happen anything just and reasonable under the sun Will pre-
sucha thing happening
So not alone Of of loyalty community but
ton of being given personal attention and sercebuy of
home merchants