Illinois News Index

Libertyville Independent, 16 Aug 1923, p. 8

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¥ s Cl >~ _ WO -- -- FORTLLINONS 'p Despite numerous setbacks,-- includ-- ing advance weather, lllinvis farméers this year harvested a wintep wheat crop in excess> of .last nu';'m duction, and the seven year average fotr the state, it was announced to-- day by the crop reporting board --------Of --the United --States--Gepartment--of agriculture. h + 4 The preliminary -- estiate of the yield. for the prairie state will be . 58,032,000 ~tbushels, compared . with , 53,025,000 bushels last year, and $4, §08,000 bushels for the. last seven years. ; NO PAR STOCK= > WHAT IT IS AND wHAT IT MEANS Many corporations are at present Issuing no par stock and just what constitutes the difference . between this class of security and ordinary common stock is a question often asked. a : ' Statement of Interest Show-- 18 P U 2 2LIN G MATTER The© following authorative explan-- ation is made by George R. Jones, treasurer Of the Public _Service com-- pany. The Jlater is referred to par-- ticularly but the statement substan-- tially covers all issues of no par common stock: uw No general statement can be made of the relative 'rights and values of stock of a par value and stock of no par value, such as the rights to re ceive dividends, to participate in the assets of the corporation and to vote, as such rights and values vary in different -- corporations, . depending upon the character of the corpora-- tion and the law of the state in which it is organized, Referring, however, to the stock of Public Service Com-- pany of Northern Hllinois, it may be stated that each share of its common stock of no 'par value is entitled to the same (dividends, has, the same rights to participate in the company's assets as each .share of its common stock of a par value. In fact, the one kind of the company's stock nas exactly the same rights in all-- re spects ~and the same intriosic value as the other. .The only : difference is that its common stock of no par value can be issued by the coumpany to its stockbholders At iess than $100 per share at the election of the beard of directors without subjectingy such stockholders to furthet -- liability, while its common stock of par value Wheat OQutput Bigger than WASHINGTON _R E P~O R T It is pointed out that production increased neéarly half & bushel per acte, while tne quality is up to" the lv< year average. / The unsatisiactory phase of m'} winter wheat situation, so far as 11-- linois farmers are conc«rne., is that, they were getting tor it on August 1-- at the farm but s6 cents per bushel. 12 cenis iess than thty were receiy-- ing on the same day last year. ® , Muge Crop Assured A bumper®crop of tcurn .~r Illinois now seems assured. 'The yield is estimated at . 334,884,400 _ bushels, which compare . with . 317,074,000 bushels last year. . The . conditton is 7 per cent above the 10 --yeat average. Belter still, HMlinoisans are geltibg #1 cents per bushel for corn whereas the quotation last--year. was 56 cents. 4 Oats, also, are running way ahead Oft. last. year, the yield now being catimatéd at _ 148,917,000 bushels, «€ompared with 1l10,wav,vo0 _ bushels last year, The condition is off 7 per cent from the 10 year average, but the--price is up 2 cents per bushel, Waunst -- prairie state Tarmers lose on wheat, it is pointed out, will be much more than made good by the intome from ¢orn and oats, it pres ent prices are measurably maintain-- ed. : With increased yields of the last named crops, the returns from these staple cash crops, under pres ent gonditions, will be many millions of dollars in excess of -- what they would have brought at last yoar's Apringfield, I11., Aug 14--Further bide con state road work. will be recoived Augost 29, according to an muo.:t.fip'u by ihe Depart-- meont of a. works and build-- Ings, . division of highways. -- The work to be bid on includes 5.13 miles of paving in Marion county, aotion 15, and 9.27 miles in Mont eounty, ~section 19, state 16. The work In pounty will be on state bond ing Just What Owners of Stock May Expect of It. Last Year; Corn Conditi : Above 10 Year Average lon':uzy 200: wide and according to authorities most of the hard coal in this country is concentrated in that beyond are to be found the soft coat districts in great abundance.. The. writer upon a--recent visit to Pottsville, as <the guest of Editor Zerbey, ot the Pottsville Republican, was privileged to go down into one of the large hard coal mines. ©The amazing thing about thisg un-- derground operation is that, located down in the surface 650 ioet was found a modern electrical pumping machine which represented a cost of $100,000. 0 C' o Pid you ever know that the only anthracite, or hard: coal, feld in the United States is located near Polts-- ville, Pa.? Buch is the fact. This huge pump, in duplicate, is eapable of keeping all the water out Of the mine, and is operated by pres sing a button either in .the--room or upon the surface. The company plans to have a similar control B&d to their offices uptown, ~some miles away. * * rush of water and then the power plant could continus to operate as it would be humetically #ealed. To think that way down beélow 'the sur-- face would be found a. subterranen Agure in --which is such a lot of valu-- able machinery and that even in em-- ergency it ¢could be protected by clos-- ing a door, when the plant could con-- tinue to operate, seems to be the out-- standing feature of the whole pro-- position. _2 The big power plant is located in the solid rock and there is a door as at "-- said Mr. ,h'larkey "Worhumt'ln oys aatiee ,u...a"!.'.""'& restriction of im migration mthtvnhm& nblamnd airo? on the relatl on v bmail addition of new cmn'v:a the rt results we have over f This is no time to slacken in Amrkld&t:a work. i_"More 800,00C0 aliens came ©WPPORTUNITY FOR AMERICANIZATION BEST NOW, SAYS lu,gc'fau HEAL This mine is located about 680 feet below -- the surface and there are tweliye miles 0f-- rallroad> tfack in 4t. The cars are all hauled about by an electrically driven machine and <the work is done in a most eficient man-- ner. The company owning the; pro perty we visited is one of the larg-- est in the vicinity and every modern method of convenience and appliance fort the protection of the employes is The Beadquarters of the Phila deiphla & Reading Coal & Iron Co., the greatest single factor of the an-- thracite coal trade are located at Pottsville with mil 'of the_general of-- Aces, thé6 asupply --depots, the shops and sales department are looated at SWEARING BROADCASTER : SOUGHT BY RADIO FANS CHICAGO, ------ Americanization Lorkumotobonuluinclifllht reaction from its period of after the war activity, but: the oppor tunity for effective work is better gwunnonr.itmmby ). P. Markey, supreme--commander state _of social settle-- Tnenie Workers here," | "There was never such a chance for effective Americanization teach-- of &W&-:n address to DexMoines, la., 'Aug. 15--Radio fans of this city are having their sport seriously interfered with by a powoer{al sending station ostimated to be 300 miles 'distance that has a loud--mouthed sender who frequently wends out "blue streaks" of curses that would do.credit to a sailor's par-- Fow wireless stations in the coun-- try biave radi6 direction Anders and the 'mtog'fr%m which the radio distarbances ereanate cannot be de termined -- here. _ County Attorney Vernon Beoburgor, when asked for un opinion as to the prosscution of the offender, doclared the, Arat thing UNDERGROUND POWER PLANT Interesting Feature of Hard Coal Iinin# Seen--in Visit by 'Writer to the Field Near -- Pottsville, Pa. Did You Know that all the Hard Coal Comes from a Single Section of -- --the United States? a ns cently amaigamatéd their national benevolent organization with the Ivania state making ue moler wie ol on aie nc these-- incoming aliens go in J un ap on mep reported 26,000 went to Ilinois,} P eimayivania, ang 20000 io Ment Pennsylvania,--and--20,000 to Michi« education in American ideals fi this --should be carried on continu-- wmm:f:;fi LIBERTY ~ Pottsville's leading newspaper is the -- Pottsville Evxgning Republican, founded in 1884, and with a'circula tion and. business in connection with its Pottsville Morning'Psper branch that excels all 6f the other ten daily newspapers of the Pottsville coal re-- glon combined, for in a population of 250,000 in Schuylkill ~County,: there are twelve daily newspapers, of which the "Pottsville Evening Republitan," and the "Pottsyille Morning Paper" are the unchallenged leaders asto influence, ~bBtimfness and onterprise. Pottsville is the capitol of Schuyl-- kill County, the seventh in popula-- tion and fAiflth in importance in the State of Pennsylvania, and is one of the . most --progressive,; constantly prosperous, remarkably enterprising inland cities of the nation>------ Pottsville 15. the heelquarters -- of 60 per cent of the anthracite coal trade, and has much to do with the handling of 'that proportion of the approximately 100,000,000 tons of an thracite toal annually mined, prepar-- 64 and shipped to market, and Potts-- ville= will be in thes coal business when-- all other sections are worked out and gone out of business, because the greater deposits gre located in the Pottsville secion, and because of the better system of imining and small percentage of waste. » ~Pottsville has about a hundred steam passenger trains in and out a day, besides. its trolly electric #ery-- icothat ramifies out from the Potts-- ¥ille center like the spokes of & wheel. A X ) ++ The Pottawille region steam rail roads include the dirgct --service of the. Pennsylvania, the Philadelphia & Reading, the Lehigh Valley, the Jersey Central, and has close con-- nection' and. coal Jand ; affiliations with the Delewaro & Hudson, and the Deleware; Lackawanna' & Wost ern rallroad corporations. to do weahld be 'to discover his iden-- Ity but would not hazard an opinion on what grounds the disturber could be prosecuted. ~/4 Pana,-- III., Aug. 15--Bidney Smith, well known cartoonist, was a visitor at" the editorial roomas of the Palla-- dium here while appearing at a local chautaugue. : «Mr. Smith, creator of "Andy Gump" went through nm tire Palladiam office and shook with \ every employa from catrietr, "dovil" and grimy. workmen, o the editors and bookkeepers. * ,"* Two of a Kind. Naturc's large green amile is equaled only. by art's hmile 'when it gets the long green.--Pittsburgh Post, , and part of the national pro« BABY IN STATE l TRILLIONS Anp QUADRILLIONS The state fair conference this . db ' offers awards for --high scoring chil--| 2: dren, that range in cash from $2 to | *, $100, and that include a--silver loving | @, cup and a lady's gold watch yalued | at $100.) ~Altogether more than fifty a awards, totalling over $600 in value |, * will be presented to prize winning | A! > All children in Iilindois between six | 7/ and sixty months of ago are eligible| ¥, : for-- the examinations which wil} be t conducted by experts and will cover | &®, mental, and physical conditions in a|, most thorough manner. .. > * -- &A * piained. is really a practioal stool | @@ 00@ is really a 'practical sche @4 for mothers. bet ts Aa a n /A A total of 575 babies woere today entéred in the Better Bables Conter-- ence-- a feature of the li}Hnois State Fair, established eight--years ago--Ac-- cording to an Announcement made by Dr. I. D. Rawlings, who predicted that this year promises to be the greatest year on record in point of participation in the conference."The number of entries is fully two weeks ahead of their record--breaking© reg: istration of last year,, the director announced, and every mail gives it & new boost upward. : * Entry applications now on fle ate from twenty--five countios-- in Illinois, and cover the whole of central 'Illi-- noisy--reaching. from Chicago 'to Belie-- ville. Sangamon county, as . usual, has furnished about half of the total entries. L The Better. Baby Conference move-- ment has developed in Illinois into one of the most popular of all fea-- tures of local fairs, farmes' picnics and institututes --and vyarious health programs, Dr. . Rewlings said. Last year the dbpartment of public health firnighed professional assistance to T6 local codferences at which m t Of more thay 12,000 bables were J ed. This year more than & h confeorences will be furnished with professional; assistance according to Director Rawlings.: -- -- Mothers of 575 Babies Have Entered Them in the State SpringGeld, IL, Aug.. 15--Where is the best baby in mwm width and breadth of is come answering cries, as proud mothers rugh to the champlonship-- of: their offsprings. «i oy ~ REPRESENT Lewis, : "While accepting tha . gov-- ernment's invitation to ~conter, -- the miners have in no way backed down trom their demand that the u:pont«: grant-- full® ; of.the wnion, Warriner--"The a!l erators now, as always, are ready to arbitrate all dlt-- New York, Aug. 16--Represents: tives of miners and operators>ol. tha anthracito coal fields were gathered here ~today 'Tor an conference with the United States Coal Commission, now threatened for September 1. > John L. Lewis, international union head, will head : the. miners;. Samuel p. swmn&mxr':l&hot the opera: tors' committee 4 for his group. John Hays m chairman of the coal commission, will preside over the--conference. * The position~ of the three. factors. as outlined in pre--conference, show-- . Hammond--"On + Septembbr 1,. the coal bins in many thousand - will be> absolutely bare. it is the duty --of the. coat e_m port the facts, to place where it belongs, recommending a course of action in the interest of those without bWousehold fuel." . «-- < . The conference was expected to last two or three days.. The controversy will revolve, it was pree dicted around the "check. off" system --the union's method of collection dues, assesments--and: penaities. This system is in operation in the soft coal fields but has been turned down by the anthracite operators. ". al Under the--"check 'off"~#ystem, the paymaster at each mine takes from the monthly # of each work-- er the amount :of union 'dues owed to the minfer organization, paying # to the tréagurer of the. local min® union. Such a system, the operators hold, i6 "agatust the public good" and affords a "club in the hands of the union dver the miner who does not desite to join the union." n Alt other differences between the employer appear. to have been set« tled by agreement at the conferences held recently at Atlantic City. cooLipage AcTts Washington, Aug. 15----The fArst of-- fort of the Coolidgo administration to end the deadlock existing between anthracite operators and . minors in the negotiating of a new wige scale --the calling of represontatives from each of the two watring groups to meet the United States Coal Com-- mission to New York this afterncon--= 1sa e%pected to ro#ult in a speedy re-- sumption of negotiations,. govern ment oMficials declared today. 7 It was stated the adtainistration would not contaonance any prolongod discussion of the big point at issue between: the . operatora .u minaors. Mediation having been 'offered by the government through the Unlted Btaton W.u was felt in oficial s that private quarrels MmMOTHERS REPLY Wfivud War-- actions to Attend Mecting Today. j COUNTIES t se lt 12 009 d +s F MR t t between the operators and miners, over a question that is of no intérest to the p'fl'l'u. should not subject the nation to & coal strike with all its attendant hardships and suffering. We are now getting the figuré: Tof lnme-y of certain coun-- ,tJho t "trillions" of their respec-- ve units of --currency. The latest 'marks; Austria over 5 trillion suu;* Poland over 3 trillion olish marks, while Soviet Russia hot mt were onttemine tol it [ * A put the 'sotal of, outstanding Soviet cur-- The new «Asasuren of wtrld cur-- of rency at more than 4 quadrillion paper Pdbies (4,482,800,000,000,000). But ~even "if we 'E'f:grdh the longer an.cmd in the wemenut: Lgho in "trilhons'". of their respec* What is a trillion? We know if this same counter were to go ve units of """w' latest of course, says the Trade Record on counting the dollars: at tg reports quote the circu» of The National City Bank of New rate, 8 hours in ever working day . lation .. at . nearly . 32.. trillions ~of-- Y'ort';thu it is a thousand biltions, of the year, he will require l' marks; Austria over 5 trilliOn and if we are able to measure in 'mn in --which.to count.one bil« m: Poland over 3 trilli0n 'simple terms the real bigness of of them, and when we further marks, while Soviet Russia<the billion, in which we are now ~nnamt' m the trillion is . a has long since passed the trilli0f ; eyery daI measuring world cur-- thous _as much as the line, & mh""wfl" rency and trade, it may be helpful billion we begin to get at least a total_of, outstanding Soviet Cur= in the attempt to the mean-- dim ension of the quanti-- rency at WW'N' ing of this newunit z which we tative 'of the "trillion" in| paper rubles (4,482,800,000,000,000). .: are now measuring the multiplied which the currencies of at least 4: ' But even "if 'we fii'tmrd the--paper money.. of the countries countrics are now being measured.' Soviet L':W is no whose currency totals have passed If, to count one billion silver coins i longer in the statements out of the billion class. z-ld require the continuous servy-- of. world --curr * Issued from -- To measure even a single billion, dm-ule week to week in financial --«e-- said a lecturer addressi cdultoaux..trillhn would re--«' ports of !ntop:'h..'ll interesting . in The National City n':! of New quire service of one tliousand to try to comprehend the meaning York, is difficult, but can at least men one hundred years. e o. panzan\ »amutrt,, 1¢ast --three European countries tency. --MW" other than Russia --regulaaly and now count their money in trillions officially state t%;ifhout:uodiu currency. e late rts lg! one' measures it by -" m&muy _put: th_o___.lo't:pocl_r- Beaded Bags and Jewelry Novelties AUGUST FUR SALE] ) New Fall Dresses ----$16.75 JP _ Now in Full Swing Pleats --and fri'ls and straight lines, says Paris. These inexpensive frocks echo that sentiment. Bince pleats are 'the unrivaled vogue, these straight-- line, vivacious frocks interpret them in the erepe--y and satin--y fabrics that take beautifully to this mode. iYou will note--and --commend--their sim-- plicity, their graceful sleeves, their. well--cut neck lines. These new frocks at this low price have as much style and smartness as most $50 and $60 dresses.> Don't take our word for it, eome in and seo for yourself. For good taste and they're unrivaled. We have been very fortunate in find-- ing a real high class beaded bag at a moderate price. Formerly-l:'fi@ bags sold for $5 to $10.. Now you may have them in brown, blue and black at the exceptional 1 98 uns _i «+ price of .. Jewolry novelties baing more populat thanh evor this Fall and Winter,,.,.wo have purchased a lhrge assortment of tlpnvuu. Including ear lw, choker nocklaces, sautoirs, bracelots, party bagsa, otc. All very reasonably priced. Jo t : Bpringtield, I!1., An{fl.--A par-- tial ~eclipse of the moon will be visible. in Illinois and throughout the middleo west on the morning of August 26, according to announte-- £31 844 ), Apstria ® trillion _ crowns -- (5,017,632.861,000) and Poland nearly 3 trillion Polish a Foland o trill marks | (2,817.859,476,000), *QUH "ghe Oy f' o angwinly > +. count miltion silver dollars in 31 mmc dl:;? I:m";'lm u':-g the beginning --of the billion, and if this same counter were to on el.nuiuc kt'lu dollars = at tE sate,' bonn ever m of the year, p.'-ifi require '" ments-- made by local observers. r€ eclipse will last .about an hour ant «# half, beginning at 4:52 a. m. phenomenon will <be . readily to the unaided --eye, it was said. : 3 auri YA

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