Judge — November 18, 1922 — page 31: what you’re looking at

Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.

suiting expenditures to revenue and rais- ing the funds required for public purposes by adequate taxation, the government was guilty of wasteful outlays, failed to levy proper taxes to balance its budget, and met its enormous deficits by the issue of paper money which was not based on The resulting inflation drove marks wn nearly to the quotation of 5,000 for one dollar, with adverse effects on prices, wages and business, and_ this fatuous use of the printing press continues. It is evident that the nation’s controllers cither had no clear knowledge of eco- nomics and finance, or else were pushed into baleful action by circumstances they could not control, In spite of the repara- tion requirements, stronger, wiser and less reckless administrators might have kept Germany from the brink of ruin. As it is, Germany does not seem able to save herself and must have outside aid. Apparently, her creditors must take charge of her finances if a crash is to be averted. The allied receivers could doubt- less devise right correctives for the exist- ing evils and put the country in a sound monetary position. They could also discover if there is any truth in the im- probable story of immense concealed Ger- i s. Modi- nt duties of the com- mission ned it. It rather late in the day to rescue the Germans, but it may not be too late. ue collapse of Germany would, it is believed, be but remotely injurious to the United States. The possibility was re- flected in the fall of the mark, but not in tinus signs in our, securities market. fhe event, however, might prove a con- siderable detriment to the peoples of rope. Not only would it for a time interrupt slowly improving trade between Germany and her neighbors, but also resentment against the government on the part of certain elements of the Ger- man population might manifest itself in outbreaks that might easily grow into civil war. Fighting to any important extent in Germany might rearouse the war spirit all over the Continent, and there is danger that the old pernicious habit of taking advantage of a nation in distress might be renewed in certain quarters There are powerful reasons why the nations should co-operate to str out the German tangl: nd if should have a representative ata clin of financial experts in Berlin, so much the better for Germany, Europe and the World. Answers to Inquiri C.,. Srmawaren, Oxia: ‘The Southwestern Bell Telephone € ‘diary of the American Tel. & nt. preferred stock is an excellent investment. Even aw ye period in I for dividends on common is at present not assuring. H,, Sax Franctsco, Cat: Fully Motors preferred is dl by a New York broker at 86 bid, 88 asked, and secking sa tigate the common at 30c bid, 50c asked. dicate company had & capital are for the company. Its th depends ness and the ability of the m: G. of preferred, stocks, dividends. working ment of fir surplu future p : very Io} Rapid. Tran: id Oklal ood buys. If they were ma the figures would not st Ixoxwoop, Micu.: West ber cent. is a good-business man’s purchase. Mathieson dividends on common since January Alkali has paid 1920, and it has fallen behind in div ‘The clipping you submit, howeve any is now in better condition, resume full payments on pre Warre: Eastern Mines Co, owns 224 acres in district of Mojave County ion is $1,500,000, par 81. than for eith stock has been selling at about 60 cent per year basis, The latest d on October 28, L., Dernorr, Mic busing y Hercule: eat oe without You did wi U.S. bout the same pri more or less 5 y's surplus for Th company’ uur months of A! its eart proved. The low market price of ible sign. ‘Th is & Gulf Oil with Kirby Petro ern. But what effec on the value of Ka Monarch Oil & Refining. dependent ¢ would hay be presen, as Co, agreement which you subm mpany's favor and there app plication in The compa cents in dividends so far this year, much on the par value of 83 G., Lave tus of the Wheatley-Renfro oil ent arly that it is still in the devel to make profits or pay ir prospects of doing so. trumpet n ever succeed. at is well Hazan, K Ks showed prog dividend on preferred is being paid Th.: is owned by the The circular which nd the preferred stock look: safe business ent New Yous, November 1, 1922, t St Free Booklets for In ‘The widely known Bache the n authority, will be sent lies for it for three months J. S. Bache & ¢ mnbers of the Ne way, New York, Km change, $2 Bros ‘The opportunities in. the use of puts and calls a Herbst, The inte Ine, 30 Ei Ga,, and other Southern « library. One of the m and ‘Their Money,” w wl street, New York. by G ud street, tk ating inp tive ways. ‘The be nd 81,006 ment plan. Miller & Co. h Ss without To ty and a liberal -curities. nds. With good times shows that the cc ated to be worth $2,000,000. The comp: of the two p It is paying tensive holdings and during reehas recently been talk of merging as & Gull stock cannot » New York, N. Y.: I don't like the Wileox Oil & rs te y has paid about 20 «Ixp., J. McPutersox, Kax.t ‘The prospec case in 1917, 1 20, but no report has reached me for 19 n Waterworks & Ele send. mi ae, whit cial situation and is Ne ‘These low figures | very poor outlook for the company. ‘The | surplus and working hat there is no future n the course of busi- surplus a in 1921 after ps D1 Ww price : homa Prod. & Ref. aking returns, which y at present levels, paying 6 ide Js on prefern at it will probably Va. The United nthe San Francisco Ariz, Ore reser’ Net income tly. Ttis quarterly di Jy to refrain from ht common and their purchase ‘out of Light ar Oil is another to buy fewer shares tes Oil, i9 sare said the stock is an un- eum, White Oil, Id make t the cx it. [tis all in the pea good deal of which is not very ferprise shows very ent sti dividends, Louis Interurbs a good s like a sufficiently Happy, restful days— HALFONTE- [ADDON PALL ATLANTIC CITY, Combined in peers: and management. Hos, apiele, quiet homelike, Broad porches overlooking the sea. Beautiful pavilions and sun parlors, Pleasant rooms. Golfand yacht club privileges. OnBeach and Boardwalk. A Plan, Write for folder and + Le Dsand LIPPINCOTT COMES } nvestors h weekly sum w York Stock Ex ket offered by the t forth clearly in booklet L, which will be mailed to any addres by William H. L. Miller & Co., an att 2 per cent. in nd safeguarded in n den ions n be bought on the ve been in business tomer. Investors di do well to inves ba es— 10 adopting everything new and ny practical that makes tor hotel com- a fort. ag in maintaining, in additi its Wd high grade hotel service: 6 Tea Shop ih B. —in leaving such an admirable i hat another visit to Phils coming to The Bi The Waldorf-cAstoria in » and The New Willard in Washington, D. C., under same management.