davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-10-30
Old Style Torch
Parade at Rutland

Rutland, VT, Oct. 29-(P)-Winding
up the governorship campaign in the
state tie Republicans held a rally
here tonight at which Secretary of
the Navy Curtis d. Wilbur was the
speaker. The affair was preceded by
an old-fashioned torchlight parade,
the first seen here in 80 years in
which many women marched and car
ried lights. Secretary Wilbur re-
viewed Republican accomplishments,
and pleaded for the continuance of
the protective tariff.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-10-30
BiddefOrd Record
Sells Out to Journal

Biddeford, Oct. 29.-(R)-Sale Of
the Biddeford Record to the Bidde-
ford Daily Journal was announced
tonight by the Record. The announce
ment added that the Record will
cease publication tomorrow after 81
years.
Both are evening papers, the Rec
ord being Democratic and the Jour-
nal of the opposite political faith
John W. Robinson, veteran Maine
newspaperman, is publisher and edi-
tor of the Record.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-10-30
Find Razor Believed Used
In Staying Of Chorister;
| oExhume Body Rev. Hall
GIVES FINDINGS ON
COTTON INDUSTRY IN
new ENGLAND AREA

Boston, Oct 29.-P)-"The return
or New England manufacturing re-
sources to parity with those of the
South requires a means of compen-
sating for the existing differences in
wage levels and the elimination of
legislative inequalities" 1t was re-
ported today by the committee of the
Boston Chamber of Commerce. which
has just completed survey of the
cotton industry in New England.
only under these circumstances"
Continued on Page 13-Col. 81
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-10-30
I,ine Commissioner
4 Education Tells
,T !, at Conclud-
no Session at Ban
snr
feasibility is What Makes
q y, and Women, DR.. Thomas
,,,srts - Federal Depart
,,ot Of Education Favored
, resolutions Adopted-Of-
isr Elected and Delegates
Named for National Associa-
i'd, Meet in Seattle

,,,,r, Me-, Oct. 29-tP)-Con-
u, day of many departmental
.-1ss the annual business ses-
h. !. ,he Maine Teachers Associa-
Il. r,s held in City hall from 4 TO
| asyrs we're elected as follows:
|,,sisrt. Miss Helen B. Robinson
|, psland; vice president, w. z.
|r,,s. II southwest Harbor; secre-
H. .ieIbert W. Gordon, depart
|rrt Al education, Augusta; assist
n. Srstary, Miss Mary S, Small of
|FsSVok; treasurer, George M.
|sty Of Caribou; auditor, Charles
II Ind Of Camden; member of exc
|rtv committee, George H. Bearce
ID BIZ Harbor.
The delegates to the next Conven-
|fn 4 the National Education AS
Continued on Page 13-Col. g.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-10-30
THE WEATHER
CLOUDY

Northern New England Partly
cloudy, slightly colder on the coast
Saturday; Sunday partly cloudy.
Southern New England - Partly
cloudy and slightly cooler on the
coast Saturday; Sunday partly
cloudy.
Eastern New York-Partly cloudy,
cooler in extreme south portion Sat
urday; Sunday partly cloudy.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-10-30
British Steamer
Ashore Off St. Johns

st. Johns, N. F., Oct. 20 - up -
The British steamer Torhamvan. st.
Johns for Sidney. n. s., went ashore
in a dense fog tonight at Ferryland,
so miles from this port.
The ships company of q persons,
including two women, were landed In
boats. Reports reaching here tonight
indicated that the vessel probably
would be broken to pieces on the
rocks.
The Torhamven sailed from st.
Johns today for the Nova Scotia
port.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-10-30

Appointment of Clarence C. Stet-
son of Bangor, and State Senator
Herbert L. Wadsworth of Winthrop,
as new Directors OF the Port of Port
land. was announced Friday at the
office of Governor Ralph o. Brew
ster. The two men will succeed O.
Il. Griffin of Caribou. and f. w.
Hyde of Bath, whose terms recently
expired.
These appointments have the re-
suit of giving a statewide represent
(Continude on Page 14-CoI. 81
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-10-30
Hold Man in Staying
OF Customs Officer

Burlington. Vt, Oct. 29.-fP)-
Walter G. Mason of Fort Ann, N. Y,
<ndicted for the murder of Captain
e. e. Webb. customs officer. was
brought to Burlington from Salem,
n. Y, Jail from which he was ex-
tradited today and lodged in Chit
tenden county Jail. He will probably
be arraigned In county court within
q week
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-10-30
|Ihree Killed in
ARREST of Negro

n .loE agency Montana, Oct. 29--
IT,, Two officers and a negro were
a"a ald another officer wounded
IN Ghlght in an exchange of shots
.sls me officers attempt to ar
,s', VIM Bolden, the negro, who bar
|,a ,s.Ia himself in a barn and was
4'a any after Crow Indian braves
sIa % their traditional tactics
nas lne structure with flaming
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-10-30
Would Solve Big We'll
fare Problem, Word
at Final Session So
cial Workers

Retiring President Deplores
Law That Makes UnfOrtun-
ate Nottingham Lose Right
to Vote if Receives Temper
airy Aid From Town or City
Effort to Secure Free LIE.
gal Aid to Worthy People
Without Funds - Officers
Elected for Coming Year
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-10-30
General Forecast

High pressure prevails from the
South Atlantic states eastward to
Bermuda. 1t will be slightly cooler
Saturday along the North Atlantic
coast
Winds north of Sandy Hook
Fresh west and northwest winds;
weather PARTLY overcast Saturday.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-10-30
Boston Forecast

Forecast for Boston and vicinity
Saturday. partly cloudy, somewhat
cooler; Sunday fair with moderate
westerly winds.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-30
NEW YORK PRODUCF

NEW YORK, December 80 (Specian
--teIef'y trading was more active un-
der light receipts New York State
golden self blanching in the rough
Wholesaled $3.50 to SO per two.thirl
crate. California, large crates. S. to Sc
and as high as ST on some fancy
small-sized stock.
Despite the light arrivals of bar
relied apples, the market closed rather
dull as a result of the limited demand
AT the Barclay street pier western
New York grade A 212 r. I. Green
ings Jobbed out at 1925 to 81 per bar
rel; McIntoshes. $3.50 to S8.5 Hudson
River a 12-inch Baldwins, SO TO 81,
and Northern Spys from 81 to ST.
Western New York cut carrots.
$3.50 per 100 pounds. Bulk Texas
new crop punched commanded 81 80
per bushel basket
Onion supplies have been rather
abundant. and in consequence the
market ruled more in the BUYERS
favor. One hundred-pound sacks vel.
low onions from Orange County, N. Y.
peddled out around SO. Western New
York offerings seldom showed quality
attractive enough to exceed S265.
The demand for State cabbage was
again only moderate. Jobbing bust
ness from cars on bulk white was
transacted chiefly around $50 per ton
Price changes on upstate white po-
tatoes We're small and unimDortant
Receipts were limited but demand
was extremely slow, Round whites
in bulk jobbed at SAFE to S. per
$50 pounds and sacked offerings 81 TO
$40 per $50 pounds.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-30
NEW YORK CURB MARKET
Received by Private Wire Direct to The Star Office

Tobacco merger and the expected an
: nouncement today as to how United
Cigar Stores is to figure in the com
bination caused an active demand for
Union and United shares, which We're
carried up a half point to SO Il. Large
blocks of Phillip Morris changed
hands at rising prices. 1t is generally
believed that this company also will
play a prominent part in the proposed
combination.
With the good news out in the form
of an extra II Y cent extra dividend
on Horn and Hardart. selling came
into the market for the stock. Lower
prices were established by many of
the oil shares. but they offered good
resistance and were disposed to work
higher in the late trading. This was
true of Humble, International Pc
troleum. Ohio Oil, Carib Syndicate and
many of the lower priced Independents.
Serv-El Corporation 6s, after chang
ing hands at 80 broke to rs. New
Jersey Zinc had a sharp run-up, while
the tendency of high-priced industrial
specialties which We're selling close to
their best prices for the year was to
make further slight progress on the
side of advance.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-30
COTTON ADVANCES
ON FOREIGN NEWS
Cold Weather in South Also
Has BuIIish Effect on
Prices Today.
BY the Associated Press.

BY the Associated Press.
NEW YORK, December 3O.~-The
cotton market opened steady today at
Spouse to relatively firm Liverpool
cables and reports that while the
weather was clear in the South, it
was too cold for much progress in
picking.
Additional January notices were is
sued, causing a little liquidation and
slight widening of the differences
between January and later months,
but the general market held steady.
There appeared to be little trade
buying here for continental account.
J2nuary sold up to 1896 and July
to 1927 and prices held within = or 3
points of these figures at the end of
the first hour.
New Orleans Market
NEW ORLEANS. December 80 LP).
The cotton market opened firm here
today, with first trade showing gains
of to 10 points
Prices continued upward after the
opening until January traded at 1875.
March at 1886 and May 1904, or II
to II points above yesterdays close.
This advance led to profit taking by
recent buyers, and selling on prospects
for continued good weather. At the
end of the first half hour prices had
eased off to points.
Liverpool Quotations.
LIVERPOOL. December 80 (P).-
Cotton, spot, better demand; improved
business; prices steady; American
strict good middling, $50: good mid
ding, 1855; strict middling, 1926: mid
ding, $50; strict low mddling. Gao:
low middling. $50: strict good ordi-
nary, $50: good ordinary, 4S5. Sales,
5000 bales. including 400 American
Receipts, $4,000 bales; American, 90
100. Futures closed quiet. December
6.61; January GO; March, 6.81 May,
6.92; July. 7.02; October, 1907.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-30
NEW FIRM WILL GUIDE
FINANCE COMPANIES
American Rediscount Corporation
Patterned After Federal Reserve
System-Not Connected.

By the Associated Press.
NEW YORK. December 30--Forma-
ton OF the American Rediscount Cor
poration, patterned after the Federal
ReSer'e system but having no con
nection with it. was announced yester-
day to safeguard and guide credit
finance companies i'm financing ma
chinery automobile and other equip
ment sold on the installment plan.
The corporation has been chartered
under the laws of Maryland. with au-
thorized capitalization of S31. 500. 0OO
and it's operations. starting January
5, will be conducted through the Credit
Corporation of America. recently or.
ganized under the banking act of the
state of New York
At the head of the new organiza
ton will be Lawrence II. Hendricks
at present controller of the Federal
Reserve Bank of New York, and /.
will have as an advisory board %
bankers in various parts of the coun.
try. Morgan J. O'Brien Will be chair.
man Of the advisory committee
The corporation was formed after y
survey in "a industries during the
last year by the advisory committee
on finance and industrial credits.
which found 1t was stated that In
stallment sales i'm many industries
We're advisable and necessary and that
lit was vital 10 increase domestic sales
in such industries in order to main
tain the present status OF national
prosperity"
1t has also found evidence of abuse
In the method of deferred sales. which
II allowed to continue. will result in
losses to the public. banks and the
credit finance companies which
eventually may undermine the present
system of mass production and quan.
tity sales"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-30
THE BUSINESS OF GETTING
AHEAD.
Undeveloped Real Estate.

The Aston family's successful in
vestments in New York real estate
constitute a classic example of the
wisdom of buying a patch of the
earth's surface and holding on to it as
it appreciates in value as the country
grows.
Many of the silent rich. with widely
diversified holdings. watch the family
fortune grow as rapidly as the family
itself The net result in such cases is
that each descendant is as wealthy AS
the founder of the fortune, provided
that the family does not multiply too
rapidly. This result was the effect of
rising value of real estate proper
tionate to an increase in the popula-
ton
Peter Minuet is generally credited
with having made an astute deal in
having bought Manhattan Island from
the Indians for S24.
These general statements are all
true, yet they are frequently used by
vendors of undeveoped real estate to
get inexperienced individuals; to make
unWiSe commitments.
Fraught With Risk.
The purchase of undeveIoped real
estate is always fraught with business
risk
1t is never a safe investment-al.
ways potentially a hazardous specula-
ton.
Purchasing undeveloped real estate
Is luxury. which those without Il
backlog of income producing secure
ties cannot afford
Undeveloped real estate, in the ma
ture of things. affords no current in
come. In fact. it is an expense. neces-
stating annual OUTLAWS for taxes
The motive in buying such parcels
is the expectation that the passing of
years will bring substantial increases
| in price. That these expectations are
not universally fulfilled was demon
strated to the country recently in dra-
| matte manner by the collapse Of the
/ Florida land boom. Wherever under
boom conditions individuals buy real
estate with the hope OF quickly resell
| ing at Il profit instead of either for de-
| Velopment or for a long pull specula
| ton, YOU may be sure that unhealthy
| conditions exist.
| Examine Offerings Carefully.
/ The great real estate development
| in this country in recent years-with
| the marked rise in values-has en-
| Coura ged various shyster land selling
| schemes in the vicinities of great
/ cities. Land offered in high pressure
/ selling campaigns should be carefully
/ examined and checked by rigorous in
| dependent investigation by experts.
/ After the rise in recent years buy.
| ers should maintain an attitude OF
| challenge toward present prices, which
/ in some districts seem inflated.
! Undeveloped real estate, when wise
/ " selected and risks are thoroughly
/ diversified, are primarily suitable for
! individuals and families of means
| which can afford to forego present in
/ come in the hope of future profits.
When income taxes are high. such a
use of surplus funds seems attractive
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-30
BY WILLIAM r. HEFFERNAN.
Received by Private

NEW YORK, December 30.--Realiz-
ing that todays session offered the
best opportunity for evening up ac-
counts preparatory to beginning the
year with books clean. the speculative
element on the Curb Market was en-
gagged in the taking down of profits
which had accrued during the past
few months. At the same time it was
noticeable that "a good deal of selling
for the purpose os establishing tax
losses was in progress in issues which
were down considerably from their
high prices. established earlier in the
year.
The result was "a very irregular
movement Of prices throughout the
greater part of the dealings, with of
ferings quite persistent in the first
hour. The support accorded the mar
ket yesterday again made it's appear
ance and served as a check to any ma
terial decline Which might have re,
suited.
Overnight publication of the terms
under which Sch ulte Retail Stores is
to be included in the Union and United
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-30
MEN AND MONEY
By NJ. S. Rukeyser.
Copyright. l926.)

Business is largely an organized at
tempt to anticipate the demands of
people for merchandise and services.
AS the new year approaches the
business men of the country habitu-
ally take inventory of their opinions
and expectations.
The Nation is deluged with the adj
vice of shopkeepers. manufacturers
and bankers, who temporarily essay
the role of fortune teller. 1t would be
cruel to look back and check forecasts
with subsequent events. Actual de
VelopmentS are rarely wholly bereft of
the element Of surprise. And yet the
dynamic man of business cannot af-
ford to sit back and wait for events
to pass by. He must take a position.
Being on the fence involves stagna-
ton.
American business men in the last
seven years through better manage
ment have learned how to reduce the
speculative element in business. They
have to a degree cut down their de-
pendence on soothsayers. The method
has been the widespread adoption of
hand-to-mouth buying. This system
of buying for near term requirements
instead of far in advance has the eff
feet of keeping the astute business
man ready to meet any sudden change
| in economic conditions. Unfortunately
this system of keeping production
closer to the time of consumption can.
not be universally applied. 1t has no
meaning at all for the most important
single economic activity carried on in
the country, namely, farming.
Signposts Stand Out.
AS we enter 1927 certain signposts
stand out as a guide to business eX-
ecutives and investors.
The extraordinary productive power
of the Nations plants assures an AIDE
quate supply of merchandise, and
business men in general will do we'll
to continue present policies Of buy
ing for short term needs, relying on
an unprecedented efficient transpor-
tation system for quick deliveries. The
! idea of keeping large cash reserves
also seems the part of wisdom.
Secondly, there is every evidence
! that money and credit will be avail
able in abundant supply to meet all
| the legitimate needs of industry and
| commerce. From q technical bank
| ing standpoint, there is still far more
danger of imitation resulting from an
excessive supply of credit than of a
development of money stringency.
This statement is made in spite of
the IaCC Indt Inc country can no
! longer confidently count on further
artificial easement through continuous
gold imports. Many specialists be
| lieve that there is more likely to be
net exports of the precious metal dur
| ing the next six years or so.
Thirdly, the outlook for an abun'
dant supply of capital and credit sug.
gests no substantial check in the
strength of high-grade investmen mt
. issues. The wages of capital have
been steadily declining in recent years
and capital in search of high interest
| rates has been going increasingly into
| the foreign field. Unless some unfore
seen political incident develops, loans
| abroad should continue on a large
scale in 1927. AS Europe gets on its
| feet, however. the wide disparity be
| tween the yield on foreign and domes
| tic bonds will be narrowed. This de
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-30
. those desirous of keeping down

to those desirous OF keeping down
impostS.
The alleged profits from speculations
in undeveloped land are frequently
more apparent than real. Suppose a
man bought corner lot in 1914 for
81 900 and sold 1t for $4,000 in 1925.
lie would probably be thrilled with
the idea that he had made 100 per
cent profit, forgetting that he had lost
the earning power of his money for
IL years. IF in 1914 he had bought
securities returning per cent and
had had reinvested his income he
would have been equally well off, lear.
ing out the additional expense OF taxes
on real estate.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-30
FOREIGN EXCHANGE.
WILL BUILD PLANT.


BALTIMORE, December 30.-The
Eastern Shore Gas & Electric Co. of
Laurel, Del, has advised the public
service commission that soon after
January ] it would begin construction
of 81 100000 power plant at Vienna
Md.
The plant will replace the plant of
the company at Laurel, Del Its 10.
cation at Vienna. which is halfway
between Cambridge and Salisbury,
will enable it to serve practically the
whole Eastern Shore.
The company is controlled by New
York financial interests.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-30

campaign for the presidency. are like
ly to become increasingly vocal during
the year
In general, present conditions fore
shadow widespread business activity
in 1927. but exceptionally Keen compe-
tition in the struggle for profits.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-30
INDUSTRlALS

Following is a list Of bonds and
stocks traded in on the New York
Curb Market today.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-30
BUTTER IS HIGHER.

CHICAGO, December 80 GP).-But.
ter-Higher; receipts, 4,651 tubs;
creamery. extras. 51h: standards, so:
extra firsts. 4Sh2a4912; firsts, 441aa46:
seconds, 39a42R. Eggs-Unchanged
receipts, 2,943 cases.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-30
Washington Stock Exchange

SALES.
Georgetown Gas 5s-S2 900 at 9s1a
Capital Tract. 5soocS7, 900 at 100 $4,000
60 Wash Vas r. & E. 4s-$2,ooo at s31s,
lot1s 10 at 104 Is. 10 at 104Ts 10 at
wash Gas Lt.--13 at 71hz
Wash. r. & +. cong at l1s
Wash R. & f. pfd--20 at 909s. 10 at
90 u, 20 at 9012 10 at 9012, 10 at 80 u.
Lanston Mon-i0 al "a, 5 at o..
Peoples Drug str pfd.--10 at ITO.
AFTER CALL.
Wash; Gas, Lt.--2o, at II 2. 10 at Tx,
Natl NJ. K Inv. pfd.-S2o0 at 7M.
Wash. r. & E. 4s-S2.00 at SO u,
wash Gas IS '33-s1 900 at 1o3%.
Money--Call loans, ) and g per cent.
Bid and Asked Prices.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-30

SILVER QUOTATIONS.
NEW YORK. December 80 R)-
Bar silver. 81 /; Mexican dollars. 41ls
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-30
FIRE INSURANCE.
TITLE INSURANCE.
RUBBER UNCHANGED.

NEW YORK, December 80 (SpeciaD.
Crude rubber was unchanged at
noon today with quotations at 80 as
compared with 81 last month and 90
last year
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-12-30
FEDERAL LAND BANK BONDS.
Quoted by Alex Brown & Sons. Closing -,
GERMAN BONDS AND STOCKS.

Quoted in dollars per million marls)
Ger Ct Nv ln) 5s 1914-18 1925 90 1873 90
Hamburg 4 Us 1919. ..... 5000 100 90
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1926-02-18
Death OF Mary Rutherford

Mary Rutherford, aged 73 years,
mention of whose critical illness
was made at different times in this
paper, passed away at her home
near the sanatorium, Friday morn
ing about 2:30. Death was due to
heart trouble following an attack
of grip, and she had been in a criti
cal condition for number OF
weeks She was born in Morgan
county; was the daughter of the late
William and Margaret NORM Ruth
erford, natives of Virginia. She is
survived by one son, William 0.
Rutherford of Kalamazoo, Mich;
also one brother, Thomas Ruther-
ford of Morgan township. The de-
ceased had been faithful member
of the Wesley Chapel M. E. church
for many years. She made her re-
ligion practical, always giving her
services to assist in sickness, or
wherever needed, and was an in
useful woman.
Funeral services were held Sun
day afternoon at o'clock at Wes-
ley Chapel church, conducted by
her pastor Rev. J. l.. NuZum, assist
ed by Elder G. FL. NORM of Malta
Interment was made in the ceme-
terry adjoining the church.