The Nonpartisan Leader Newspaper, August 23, 1920, Page 14

LIC GENERALLY: CAPSULES OW. Devil stroyers—they kill and carry off those stomach, estinal 'worms and bots—they put your live stock in perfect condition—positively no bad after effects. 3 ; i jis U. 8, Government Experts say worm powder mixe in feed'is not effective. The principal 'ingredient used in Red Devil Worm Capsulés is the best for removing worms. ‘' Recommended everywhere. MONEY BACK TRIAL OFFER. If my Devil Worm Capsules fail to rid your hogs; p.soats. or horses of worms and bots; I will promptiy refund the purchase price. best instruments’(as ctions, X} ‘only, 88.*8. Extra Capsules Sent Pr.‘el:ml(ll. £ 95, d BLUE DEVIL FOR SHEEP 100 Blue Devil Capsules, complete set of best instruments (as {llus~ ted) and instructions, prepaid, o . only, $8.00, Extra Capsules Sont Prepald. . _ 100 .. 6.00 2000...... . 40.00 Same instruments used for Hogs, Sheep or Goats will fit all worm capsules. YELLOW.DEVIL FOR HORSES REMOVE :OTS ANDCWORIHS- 10 Bot and Worm Capsul a Jaw Spreader and com%lel:s'ln- structions, prepaid, $3.50. Exi is not this year. 3 REEN DEVIL FOR CATTLE Relloves Stomach impaction Quickly. Sad for Circular. FREE My Big Bargain Catalog of farmers’ and stock growers’ instruments, drugs, remedies and mpflues, such as syringes, castratin ves, trocars, live stock supplies and artifici: breeders’ instruments. Send for it today. CHAS., M. HICK & CO., 177 N. State St., Dept. 535, Chicago, Il HE Leader is in receipt of a letter from Armour & Co: in which exdeption is .taken to a'letter of C. A. i Buethe ‘of Berthold; N. ; D., appearing in our:is- " sue of July 5., Mr. Buethe said he had - .read in the paper that Armour & Co. had declared a dividend of 134 per: cent.. _Armour & Co. say: “We believe that only false eonclu~ sions’may be drawn from false prem- ises and when Mr. Buethe states that Armour & Co. declared a dividend of 134 per cent he evidences: either:lack of information or misinformation.” In recent years 2 per cent dividends have been the rule ‘and at no time has a. dividend of 134 per cent been declared. -You will appreciate the vast difference between a 2 per cent dividend and a 134 per cent dividend and the fallacy of seeking to draw true conclusions .from such a misstatement.” s . The Leader wrote Mr. Buethe about -the matter, but he does not now have a copy of the paper-in which he says he read the statement. Therefore, in the absence of information to the con- trary, the Leader is willing to accept Armour & ' Co.’s statement that its cash® dividends have not exceeded 2 ' per cent, BUT— = i In October, 1916, iaccording to Labor, a Washington (D. C.) publica- tion, the capital stock of Armour & Co. ‘was ‘increased from $20,000,000 to $100,000,000, and the additional $80;- 000,000 stock created.at that time was given to shareholders. This came as'a THIS IS THE Liberty 18-32 4-Cylinder, 4-Plow High Grade, Long Lived Kerosene Tractor The TRACTOR that has: created,. such a sensation at the demonstra-%: tions, shows and . exhibitions' all™ over the country. The TRACTOR that is the last word in efficiency, wdunbillty,. d_e- pendability, simplicity, accessibil- ity and scientific construction. ¢ THE TRACTOR . that is always ready for business, easiest to_oper- ate, most' economical in fuel and does the most work on account of no waste of time for oiling and adjusting, The: TRACTOR 'that has 'made such 2 hit in road work. ‘Ask us for testimonials from road com- missioners and pictures of the ma- chine doing road work.. Special inducements offered to introduce : .-in mew localities. Immediate deliv~ i) WRITE TODAY - Liberty Tractor Co. 332 Washington Avenue North exclusively'to the Armour family_. i The home ‘of Model Orion, the $20,000 boar. Stock for sale at all times. - S M . 2 HUBERT PINSKE, =~ ~Arlington, Minn, Big TypeChesterWhites . FOR SALE AT 5 ~vancing the volume of common stock to $150,000,000 and the creation of an issue of $60,000,000 authorized: pre- “ ferred ‘stock. 7 e AR Therefore it will be seen’that dur- ing the four great profiteering war years Armour & .Co. have boosted their LEAGUE ANNOUNCEMENT . TO MEMBERS OF THE ‘NofiPAkII‘SAN‘ LEAGUE AND THE PUB: ““In accordance with tlf policy of the League to:date, the organization will take no part in the presidential campaign this year, but as hereto- fore the various state branches will make state campaigns, indorsing ‘can- "didates who:support the farmers’ program: The regular state ‘conven- tions of the League willdecide, or have decided, what candidates, whether party candidatesor independents, shall be supported in the various states for state office, congress and the legislature, under the League's nenpar-"- tisan plan of action. The national executive committee would have to" summon 2 national delegate convention or'call a meeting of ‘the national . committee, with all states represented, before the: League, as a national . - ; organization, could-enter the presidential campaign. The League ‘has « bridles, special price, per-get.. ... .S FED DEVRCEOI BIO6S Cap. never taken part in a national campaign and the time is not yet ripe to | | AT aols, B s Nerth- : ; Sules, completeset of break its.precedent. Real, substantial political’ victories for the “people || 5 can and will be won by the League in several states this year. The League program at this time is solely a matter of state, not national ac- anization ‘among farmers -and its in- creasing pepularity among all classes of people:who want good, honest; - people’s government, the time is not far off when the League, as a na-: tional organization, can enter national politics effectively. ButMhe time tion, but with the growth of the org THE NATIONAL EXECUTIVE COMMITTEE, ~ We Apologize to Armour & Co. In Which a Two Per Cent Dividend Resembles the “Five > Loaves and Two Fishes” . . | ‘per cent cash dividend. " 'We haven’t .its inflated stock, but eight, dividends jof 2 per'cent in four years would more .ures Mr.” Buethe says he saw in the 139,245 available for. interest charges. stock dividend of 400 per cent, going - isum has been retained by the sub- | CAPITALIZATION INCREASED ~ sidiaries to finance their development | | -~ - Ducks, Geese : o TRIFLING 1000 PER CENT {and £6r i reastn has ol hean taken. | | Uy 0 SRR e D J ; e Sa el o on til)xe b&)oks of ,Am;ourlgz Coial_Thése, We buy ag}?sght at highest ....,m‘}',?,‘?..." _ 1| . Asain,on August 23,1918, the capi- combined earnings would total $32,- G den Are Always Sure - U4 uroc- erseys tal stock was increas’e'd, this time ‘to ; FEE Xour Mdtierei(e You $210,000,000. .- This -was done by ad- - P ADVERTISEMENTS Minneapolis, August 7, 1920. o U, 8, Govefmr[ent Harness and Saddles. We have for sale some U. S. government. - harness and saddles, awarded us by'the government, and which consist of ‘ar- tillery harness, ambulance harness and transport harness’; also officers’ saddles’ and McClellan saddles; also some gov- ernment wool-lined: canvas horse blan- ets,” just as good as mew.: ' 70 o~ Included in"the above harness are 500 sets: of brand new 2-inch heel hames, U..S. ambulance harness, with ‘breech- " ing ;-special price while they i azt, per set iii..iiiiay RS ;...$75 . U. S. table trace harness, with Concord . [ hames, 1sinch lines, %-inch ‘ment harness.. If in the market do not “fail to see our stock of\harness, saddles :{:d ‘blankets before ‘making your. pur- chase. X0 2 . The Boss Says Sell - 2,500 more in transit. = To room . for this large shipment, coming:in; for the next ten days we sacrifice the _tents now on hand, ' All sizes, all kinds, rall prices I . We can fit you out on tents, blankets,' comforts, - cots, auli wagon . covers, -8tack covers and odd 9x9 tents, each, : : ; 16x16 tents, each, . QOF 4. from .o ek, $25 to $50. ............... A. C. TOWNLEY, Chairman;’ WILLIAM LEMKE. from" ... MIDWAY. HORSE MARRET paying the 2 per ‘cent on stock inflated ST. PAUL, MINN to 10 times its former size,:and conse- quently a dividend of 2 per cent on the! watered stock is equal actually to a 20 information as'to how often Armour declares the 2 per cent dividends on than account for the 134 per cent fig- paper—and it may be that Armour is- sues its dividends quarterly, in which case TWO years' dividend$\would actu- ally exceed the figure Mr. Buethe says he read.z it e . WHAT ARMOUR’S OWN BROKERS HAVE TO: SAY We have no reason to question the- Statement quoted above from Labor, ‘but even if this is challenged by Ar- imour, -they will hardly challenge one: of THEIR OWN OFFICIAL RE- PORTS.. This report, issued by Pear- sons-Taff company, Armour financial; agents in handling Armour securities, makes the following statement, which ‘proves BEYOND ‘DOURBT that the CASH ' dividends of Armonr do not cover more than about ONE-TENTH | OF THE ARMOUR EARNINGS: {During the four years ended No- vember: 1, 1919, the average annual |. earnings of the company were $26,- ........ P twinme BEnbbhubbyED EaNCRbuEREs et st nion sults, ‘B. V, D. Horsehide lea{har un:lgt‘ ece. wopl ~ promptly ‘fl?.led. Send: draft ox::mnnql :l;‘x’i::. Reference: "National Baok - of ‘Commeres. U. S. SALVAGE COMPANY ‘Wahasha St.. H. Cor. 10th, St. Paul, Minn. e “'tfinfi-yom‘ i FARM PRODU " Into Cash—We Want ‘Chickens, Turkeys, after federal taxes. These figures do not include any earnings of South American. subsidiaries. which for the same period averaged approximately $6,003,500 per annum andiwhich latter: 142,745, The average annual interest || charge (in¢luding interest on bonds;. ‘but excluding interest on debentures heretofore converted ‘into preferred stock) ‘have ‘been approximately $7,- 540,000." ‘During’ this period over.$85,- - 761,000 net earnings have been retain- .ed in the business, after paying cash ‘dividends amounting to $8,993,000.” SHIP TO COBB” The R. E. COBB C0., st.pave mmn. Tracy, Minn. - . Devils Lake, N, D, ' We have' 450, army: tents on hand, with _ | make ulins, - BARRETT&ZIMMERMAN- || {8250 capital _stock from $20,000,000 : to’ : Tt will be noted that the aboye offi- $210,000,000,,an increase of $190,000,- cial Armour statement shows. that | 000, or mearly 1000 per cent, without’ during the period the company paid | .the investment of a dollar. .~ ‘88,993,000 in CASH dividends (the 2 . Now, even if Armour & Co. s pay-. - per cent.dividends the: Armour lefter | | ing only 2 per cent dividends, it is. to us mentions) the company retained which carry the best blood lines in''the breed. Nothing - but the ‘best offered for sale. -All stock guaranteed. ' Can' supply you 'with al- most anything you need. Visitors always wel- come, When writing ‘mention the der. A, P. RANS, Springfield; Minn, - Mention the Leader When Writing Advertisers WRITE US FOR P ‘WILLIAMS PRODUCE €O, 2 °119-125 Fourth. Street, a s % fllm.le_a“‘ tis, l'lfln." ' PAGE FOURTEBN = 8 7 Mention the Leader When Writing Advertisers. i AT o