davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-08-29

Book values of shares of stock In
trust companies, national banks and
savings institutions, based on the lat
| est report to the controller of the cur
rency, indicate good degree of pros
perity. The difference between these
values and the actual bid price Of the
stocks on the local exchange tell a
story Of concealed assets and the high
repute In which holders of the shares
hold their investments.
BY the use of the term concealed
assets" there is no intent to suggest
anything like crookedness on the part
Of the fraternity.
+ If you will study bank statements
you will at once understand the prices
at which the various banking houses
and their sites are carried on the
books of the companies. Then, il you
are familiar with real estate values,
you will be given an excellent insight
into one of the chief concealed as
SETS of the larger financial institu-
tions.
Increases in bond values and In
stocks carried for investment are also
so termed for the reason that the loss
or gain cannot be properly credited
until the security has been sold and
adjusted.
Another very great asset that is al
ways wealth producing, but which
never shows in the published state
ment to the controller, Is the amount
of trusts intrusted to the trust COM
panies and some national banks
which now possess the right to do
trust company business. Some OF the
leading trust companies have $4,000
600 to 500, O0O, 900 Of trusts-suft1c1en
to add very greatly to their earning
power.
1t is these added resources, referred
to as concealed" business, because
they do not show, that accounts very
largely for the relatively higher mar
ket values than the book values.
How Bankers Estimate.
A banker estimating the book value
of q banks stock would take INTO
consideration it's deposits. In Wash
ington deposits are generally cons1d-
cred as worth 8 per cent this being
established by Frank Munsey during
the negotiations I'm connection with
the acquisition of the United States
Trust Co. by the Munsey Trust Co,
although there is no record of his
backing up his estimate by actual
purchase.
The banker would also estimate
earned interest up to the date of val
uatien and might also consider the
net gain from investments as OF date.
The controller of the currency has
frequently given local banks the right
to increase their surplus by admitting
increased value in real estate and
buildings.
All these items. including the prob
le,natic value of trusts. should be con-
sidered and taken into account IN
presenting book values.
In the following computations OF
book values the results have been
obtained by adding capital. surplus
and undivided profits, for the reason
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-08-29
BOOK VALUES OF BANK SHARES
BASED ON THE LATEST FIGURES
Concealed Assets Are Not Shown in
Regular Statement-1tems That Go
To Add Greatly to Worth.

that the other items cannot be shown
with accuracy.
They are based on the value Of each
500 of capital stock.
The following are the book values
Of the various institutions. based on
the latest statement made to the con-
troller of the currency:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-08-29

NEW YORK. August 81 Up
Henry Miller, vice president of the
Southern Railway in charge of trans
portation. forecasts particularly good
business for the system this Fail. The
first three weeks of August was an
exceptional period, he said. the road
having moved the greatest peach
crop in its history exceeding 10000
cars. and August earnings would be
much hef1ex than n 3eax ago
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-08-29
BANK CLEARINGS GAIN.

NEW YORK. August Is C4N. Bank
elearinSs for the week throughout
the country are compiled at SS.44>..
07S.lal by tho Commercial and tinan
ciaI Chronicle. an increase of % per
cent over the S7,S7o.ao3.1 n4 for the
same period last wear. New York
City gained Ga per cent
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-08-29
Savings Banks.
As to Going Prices.

As to Going fr1ceS.
Some bank stocks. in fact nearly an
of the leading institutions, are sell
ing out of ratio with book value.
Dividends have much to do with TINS
and the knowledge of the hidden as
sets.
An Honest Banker.
George 0. Watson. head Of the LIB
erty National, was telling a story 1or
which q former bank examiner was
responsible.
I'm in New York State a banker
had formed the habit of knowing at
the close of business each day exactly
how the bank stood. When the clos
ing hour arrived the note teller was
told to charge off all notes that had
not been cared for during the day
debit to profit and loss.
The examiner quer1ed the large
percentage of recoveries from the
profit-and- loss account and was then
let into the bankers plan of treating
unpaid notes. II treat all paper
alike-if not paid or otherwise ar
ranged for, off it goes. Perhaps the
maker of a note so treated may come
in the next morning and take it up,
curtail it or extend, when we take 1t
out of the p. & l.. Sometimes a man
will let 1t go a week or so and then
come in about it,, He is told that 1t
has been written off and then hustles
around to care for it. 1t has had a
salutary effect in teaching clients of
the bank to care for their paper
MT -
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-08-29

Inviting her opponent and other
candidates in the primary to speak
on the same platform with her as
her guests, Mrs. Alice r. d. Pearson
of Lowell, Mass, has hired IL halls
in the district in which she is seeking
nomination for the state Senate
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-08-29

Many new labor unions are being
formed in Honduras
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-08-29
c.. B. & O. EARNINGS.

The Chicago, Burlington and Quincy
had July net operating income of
$500, 1888 in contrast to $2.626,94S In
July. last year, and for the seven
months $14,2S5.244, against $12 ,146,421
year ago.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-06-03
Through Service to be
Resumed Between
Portland and New York

Through service will be resumed
by the Eastern Steamship Lines be-
tween Portland and New York, be-
ginning Sunday, June 6. from New
York and Monday, June from Port
land. The steamer Calvin Austin"
will leave New York on her first
northward journey of the season at
10 o'clock Sunday morning. daylight
saving time. from Pier Is, New York
/ City, and is scheduled to arrive at
/ State Pier, Portland, at o'clock,
| Standard Time, Monday morning.
! Her first southwark trip will begin at
i Portland at $50 o'clock. standard
time, Monday night.
! Regular sailings from Portland
will be on Mondays and Fridays at
the hour stated, and from New York
Sundays and Wednesdays at 10
/ o'clock in the morning, daylight saw
| ing time.
This service is in addition to the
service Of the oston-Portland
/ Boothbay Harbor Line, giving service
I between Portland and Boston, making
connections at Boston with the Bos-
| ton-New York Line between those
cities.
Connections are made at New
York with the Old Dominion Line, of
the Eastern Steamship Lines, Inc.
New York to Norfolk, Virginia, MAIN
tanning through passenger service be-
tween New York and Washington, d.
c.. and Baltimore, Md. in connection
with the Norfolk and Washington s.
B. CO. and Chesapeake Bay Lines.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-06-03

A big life saving campaign. lasting
for an entire week, will be staged
at the Y. M. C. A. building next
week. Physical Director Jack Mahan,
who started learn to swim" cam
paign last week and Is continuing
it through this week, Is laying plans
for the life saving instruction and as
he is qualified Red Cross life saw
ing examiner there is no doubt that
the coming campaign will show as
fine results as the present one is pro-
ducing.
Already in the swimming cam
paign large number of the students
are able to navigate across the tank
although they have had but three
lessons and the course is not yet
completed. 1t is expected that a
goodly percentage of them will be
able to handle themselves in the wa
ter to some extent at the completion
of tie course and it Is then only
necessary for them to practice.
The life saving campaign follows
the regular Red Cross requirements
and those who complete 1t with the
required rank are awarded the usual
Red Cross membership card or GER
tificate, emblem for bathing suit and
enameied pin.
The campaign will be divided into
two courses, the Junior and Senior
courses, the Young folks from IL to
II years Of age taking the junior
course and those over II the senior
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-06-03

Milton o. Dean. who for the past
year has acted as president of the Au-
gusta Y. NJ c. A.. Vas reelected to
that office Wednesday afternoon at a
meeting of the new board of directors
at which the slate of officers and the
standing committees were organized
for the year. The other officers are:
Vice president, Harris Woodman;
treasurer, Lewis A. Burleigh, Jr.; as
sistant treasurer, Robert b. William
SOM clerk. j. Fuller Ingraham.
AT this meeting it was voted that
the Woman's Auxiliary Board of the
Y. M. c. A. which was announced at
the annual meeting by President Dean
Will be urged to organize along lines
similar to the mems department. Pres
ldent Dean then named the following
as members of the standing commit
tees of the Augusta Y. NJ. c. A. for the
coming year:
Finance-Blaine Viles. Walter S.
Wyman, Thomas Brady. Harris
Woodman, George f. Macomber.
Thomas c. Ingraham. Francis II. Far
mum.
ACKNOWLEDGEMENTS S. Brown. Per-
cy p. Keller, Alton Littlefield. George
-. ~A"SpAiiDSAb CddiCy hiIctlidI
leigh Martin, Maurice Fl. Leighton.
House-Milton o. Dean (chairman),
Blaine Owen. Maurice B. Dow, Harry
c. Getchell. Richard Downing.
Social-Arthur S. Merrill CHAIR
mani, D. Saunders Patterson. Willard
Purintop, Harry Jones. Max Wilder,
Hervey Fogg, Frank Mace.
enthusiastically Manning, f. W.
Church, ]. Ellery French. Everett Per-
kins.
Publicity-Ralph Weber, Kenneth
Berry, Kenneth Lee. Alton Littlefeld
Special Bowling Alley Building-Dr.
Warren B. Sanborn, Blaine Owen, Ar
thur Savage.
Physical-Thomas Brady, DR.. War;
rem B. Sanborn, Bonnie Marston, Wal
worth Simpson, Robert Faulkner. VIM
L. Macdonald, Arthur S. Merrill.
Entertainment-Wil l.. MacDon-
aid. Charles Penney, Willard Purinton,
Ralph G. Weber. Horace Ingraham,
Keith Ryan, Harold Jennings.
BOYS-Robert Williamson, Stanley
Manning, Everett Perkins. Francis H
F'arnum, Herman Mansur
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-06-03
OAK Grove

The Oak Grove girls were much In
terested to attend the hearing on
Tuesday before the County Commits
sioner in regard to disseminating q
short piece of road near the highway.
After the three county commission
ers, the first selectman, the county
road supervisor and several proml-
nent citizens Of the town had care
fully inspected the new road built 10
take the place of the old one, Chair
man o. ]. Hussey called the meeting
to order and different citizens ex-
pressed themselves as being IN favor
of disseminating the old ROAD There
was no opposition expressed by any
one. The decision will be rendered
as soon as possible. r
The Seniors are busy with rehears-
ais for class day.
Baccalaureate services will be held
at the chapel next Sunday and all
friends of the school are invited TO
attend. The address will be deliy-
cred by DIR. Martin. the school pas
tor.
The freshman girls are busy with
rehearsals for a French play which
they will stage in the gym on Sat
urday evening. 1t will be open tc
give a little comedy, the same even
ing. Refreshments will be on sale.
Hon. H. E. Wadsworth and Mrs.
Eleanora S. Woodman Of Winthrop
called at Oak Grove, Tuesday even
ing.
Oak Grove Is receiving many con-
CALCULATIONS on being able to have
as the commencement speaker q wo-
man of such international reputation
at Madame Ramondt Hirschmann OF
Holland. Madame will arrive at Oak
Grove early in the evening CT June
10 and will be the guest of honor at q
reception at 500 o'clock given by
Principal and Mrs. owen, which will
be attended by prominent citizens of
Maine. With Madame Ramondt-
Hirschmann will be her brilliant
daughter, Mademoiselle Sophie, who
has been enjoying an international
fellowship at Bryn Mawr the past
year. Madam is at Washington On
an important mission at the present
time and will come to Oak Grove
from the Bryn Mawr Commence
ment, where she will be prominent
guest. Although Madam has often
been in America, this will be her
first trip into Maine and she declares
that she is anticipating it with keen
interest since her European friends
always write with keen interests of
the beauties along the Maine coast.
Madame Ramondt will speak on
Commencement day on Education
for international Understanding" a
subject on which she is a recognized
authority.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-06-03
life SAVING INSTRUCTION and RED CROSS
QUALIFICATION TESTS TO Be CONDUCTED
At AUGUSTA Y. N. c. A. ALL OF next WEEK

course. The junior bovs' course will
be held on Monday, Wednesday and
Friday at 4 o'clock and the junior
girls at the same time on Tuesday
and Thursday. The senior course
will be held on Monday, Wednesday
and Friday at o'clock for the men
and on Tuesday and Thursday at Z
o'clock for the women.
The Junior course requires among
other things that the prospective life
saver shall disrobe in deep water and
swim a distance of 100 yards, make
surface dive Of from to feet,
recovering various objects three
times and a 10 pound weight once,
make correct approach and carry
another for distance Of 80 feet by
the head carry. the cross chest carry,
the hair or arm-lock carry and the
tired swimmers carry, release the
double grip on one wrist, the front
strangle hold, and the back strangle
hold both left and right and give a
demonstration of a minute and a
half on the Prone Pressure Method>of
artificial resuscitation.
In addition to these requirements
which are carried out under harder
conditions. the senior test requires
among other things that the SWIM
mer shall make front, rear and I'M
derwater approaches with proper
turn and carry, break two people
locked in front strangle hold and re-
peat. rescuing alternate subjects,
give 200 to 500 word essay on the
prone Pressure Method Of Resusci-
tation," besides the one and a half
minute demonstration, float notion
less for one minute, tread water for
80 seconds, make one minute car
ry with the subject fully dressed
demonstrate the fireman's or saddle
back carry from shallow water and
lift subject from a tank or onto a
float unassisted, and answer an oral
quiz on life saving which shall con-
sist of five questions.
These courses will be open to any
one in Augusta who may care to
take Them. Arrangements may be
made through the local Y. M. c. A.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-06-03
Rotarians to Enjoy
Stunt Night Program

A program of specialties of unusu-
al interest will be presented on FRI
day evening at the regular meeting
of the Augusta Rotary Club. This
will be stunt night and Jack" Ma
han of the Augusta Y. M. c. A. will
be in charge of this program. The
nature of the stunts has not been
diVulged but it is safe to say that
any member who does not attend will
learn That he has missed a lot. The
meeting will be held at the Augusta
House at the usual time.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-06-03
County Real Estate
Transfers on File

The following deeds conveying real
estate were received and recorded on
Wednesday at the Kennebec County
registry>of deeds:
Augusta-Vinton E. Dunn to Jas.
L. McCausland and Anne E. McCaus-
land. land on Sewall street; The Tit
comb Real Estate Association to Lii
liam Ryan, land on Front street.
anchester-Charles H. Howard
of Augusta to Annie Fairbrother of
Chelsea, land and buildings at Ham
mond's Grove. e.
Monmouth-Mary L. Simpson to
Gerard F. Greenlief, land at Fogg's
Corner $50.
Waterville-Ethel M. Noyes to Ma
bel B. Fessenden, land on Getchell
street.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-06-03
Girl Reserves to
Be Entertained at
CObbOsseecOntee Camn

A special treat Is in store for the
members OF the Augusta Girl Re-
serves next Sunday when they GO
to the cottage Of Mrs. Vallie B. VIII
hanson at Lake Cobbosseecontee for
the day. 1t is expected and hoped
mat every member of the organiza- :
ton and every adviser will be al
the " promptly at o'clock pre-
pared to hike to the lake. Upon ar
irving at the cottage a Sunday serv-
Ice will be held.
me Girl Reserves in this city are
very much interested in their work
and this hike will be unusually
pleasant to them. It is expected
that picture of the group will be
taken at that time.
II has been announced by the or
ganization that the supper and en-
tertainment which is to be given to
provide the necessary funds with
which to send delegates to the sum-
mer camp known as Camp Mauua
VIII be held on Saturday evening.
June IL, at the Y. M. c. A.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-06-03


PRIZES are now so reasonable that It
Is not only the best but the quickest
and cheapest way to get well"
Consultation is continued free with
special rates until July IL to all who
desire treatment, but no one will
take offence if their case is declined,
as under no circumstances will a
case be undertaken which in his
opinion, cannot be cured or much
benefited where case is otherwise
hopeless. He cures his patients to
stay cured.
BY permission we publish the fol-
lowing statement by a prominent
Auburn man whose address may be
found at Prof. Caldwelps office:
Prof. Caldwell cured me Of rheuma-
tism about ten years ago. am
since had any return of that dread
full disease. 1t gives me great pleas
ure to recommend his treatment.
"He Cured Me"
Portland, Me-, May IS, 1925
After taking various kinds of
treatment and quantities of medi-
cine for over four years. became
discouraged. About that time L
heard of Prof. Caldwells wonderful
success so 1, went to him, 1t seemed
to me more dead than alive for I
could not work or enjoy a moments
rest. My trouble was chronic prosta-
tits. / was surprised when he told
me he could help me for l had be-
gun to think that nothing would
help me- 1 began treatment right
then and there and 1t was not long
before 1 realized Improvement and
in four weeks I was able to resume
my work. After eight weeks treat
ment I felt as we'll as ever Now
after several months I am glad to say
he has cured me.
J. D. Farrweather.
If you are run down, depressed,
tired, restless, and have lost your am
bition, you need electricity.
No matter what your disease may
be, how long standing or fro.n what
cause arising. go to Prof. Caldwell
at once and learn what to do to be
cured if durable free at his office, 1872
Lisbon ST., Lewiston, Wednesdays
and Saturdays. Hours 10 to IL A. M,
2 to 4, Z to P. M. or by appointment.
Engage your treatment. now
Hotel North. Augusta, Friday and
Tuesday Ills A. NJ. to P. NJ. Spec
ial rates on above dates. Why suf-
fer? tn3-7
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-06-03

Mr.. and Mrs. Frank E. Barrows
of New Jersey, Prof. w. E. Barrows
and family of Orono and DR.. H. C.
Barrows of Boothbay Harbor, took
dinner Memorial Day with their
mother, Mrs. A. z. Barrows, and
sister, Miss Aida Barrows at their
home on Bangor street. Frank Bar
rows has bought the old homestead
on Boulton Hill for a summer home
The farm has been in the Barrows
family for about 100 years and all
are pleased that one of the fourth
generation has decided to keep it in
the family.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-06-03
Many Surprises in
FarringtOn Program

Indications are that the entertain
ment to be given tonight by the
Harrington Parent-Teacher associa-
ton at the school will be the biggest
and best In the many good things
this organization has offered. 1t
will be novelty night but novelty"
Is very mild way to express the
things that will be offered. Some
big surprises have been prepared, al
most unread of features. that will
keep the audience in an roar. The
program starts at oclock.-Adv.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-06-03

Members Of the Hospital Aid So
ciety are now being called upon by
the collector. Mrs. Dennis Donovan
for the annual subscription of 81. Al
the annual meeting it was voted to
return to the old custom of making
the collection in the spring instead
of the autumn. as has prevailed in
the last few years, and the Aid
wishes Its members to understand
that though following rather close
ly upon last years collection, they
are really now paying their dues for
1926 and will not be called upon
again untif next spring.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-06-03
JOICE

Mr.. and Mrs. Elmer Lewis, of
Winchester, Mass, are guests at the
Lewis Homestead Farm, and Mr..
and Mrs. Weston Lewis, of Augusta,
were weekend guests.
Mr.. and Mrs. w. H. Grant, of
Waterville, were callers, Sunday, at
the Lewis home.
Mr.. and Mrs. Harold Pullen and
Horatio Lewis, of Hallowell, were at
Mr.. Lewis home, Sunday.
Madeline DeGrandy, of Augusta,
is a guest at the home of her uncle,
Charles Skehan. .g
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-06-03
MANCHESTER

George Wingate visited his aunt,
Miss Mary Wingate, Memorial day.
Charles Hippler has been a visitor
with his family at John Merrilps
Dewey Mcdonald of Gardiner visit
ed at John Merrill's Memorial day.
Mr.. and Mrs. Harry Spear visited
Mrs. Joe Ware in Hallowell, on Sun
day as she is now home from the
daughter.
Clifford Cummings, Garfield Teb-
belts and family of Portland and
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-06-03
Choate-Dyer

Arthur H. Choate, of Windsor, and
Anna B. Dyer. of Augusta, were uni
ted in marriage at the Penney Memo
rial parsonage, Thursday evening,
May p, the ceremony being per-
formed by Rev. William r. Wood.
They were attended by the sister and
brother-in-law of the bride.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-06-03
Funeral Of Mrs. Dora p. sawteIIe

The funeral of Mrs. Dora P. Saw
telle was held from her late home
at 4 Wyman street, Wednesday af-
ternoon at four o'clock. Rev. Will
lam r. Wood, D. D.. of the, Penney
Memorial United Baptist church Of
floating.
The high esteem in which Mrs.
Sawtelle was held by a host of
friends was indicated by the floral
tributes and by the presence OF
many friends from the Penney Me-
mortal church, and the patriotic or
CARNATIONS to which she belonged,
as well as from the community at
large.
Mrs. Sawtelle embodied the graces
and virtues that have given New
England women prominence among
the women of the whole world. She
experienced all the fulness of life;
endured it's trials bravely, perform
ed its duties faithfully and accepted
it's Joys thankfully. To her the un-
seen things of the spirit were great
realities. She believed in an Ever
Living Saviour. She knew God. And
So she .triumphed. Even when the
body Of her splendid younger son
came back to her from the World
war. wrapped In the flag for which
he gave his life, she did not despair.
She trusted in God and He sustain
ed her. She was Gold Star Moth
er in every sense of the term. Her
memory is precious.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-06-03

Mrs. Oneita Norgraves of Massa-
chusetts is to be the principal
speaker during the meetings of the
Maine State Spiritualist Convention
which meets in this city June 4.
and 6. A special musical program
has been splendidly arranged by the
soloist, Mrs. Belle E. Roberts, as
sisted by Mrs. Nellie B. Soule. Mrs.
Roberts will render special numbers.
assisted by Norman Pierce. violinist.
There will also be other special mu-
sic
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-06-03

Harry Tebbetts and family Of Read
field, have been recent visitors at the
Lake House.
Richard Ware IL visiting his grand
parents.
Much excitement and alarm was