davidaulloa/AmericanStories huggingface dataset:
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1914-02-14
Bank Reception Today.


The Farmers and Mechanics National
Bank today celebrates its Tooth anniver-
sary. In that period 1t has lived to see
an important part Of its original charter
on the eve OF adoption by every other ma
tional bank in the country. The charter
contained a provision to the effect that
no person. a director OF another bank,
shall be director of this bank The
old Georgetown Institution Is the pioneer
in the movement against 1nterlocking d.
rectorates. and will be among the few
banks in the larger financial centers
which. will not have to change the per-
sonal of their directorates within the next
two years.
The officers and directors hold a recep-
ton today from noon until 3 A hand
some booklet will be distributed. II con-
tains pictures of the first president.
William Marbury; the first and present
bank buildings; page from the bank
first ledger; a letter from President
Receiver W. r. Owen. OF the New Or
leans, Mobile and Chicago Railroad Com
pany. announces that work will begin in
a short time on the extension of the line
from Beaumont, Miss. to Ansley, Iowa,
to connect with the Louisville and Nash
Vile into New Orleans. over whose tracks
also announced building OF line north
ward from Middleton, Tenn. to Pa
ducah, KY. will be started this spring.
A movement has been started to form
an organization OF stockholders of the
Pennsylvania Railroad to back I'D the
application Of the Eastern railroads to
the Interstate Commerce Commission for
an Increase Of per cent In freight rates.
Bids viii be opened next week for
the construction of the National Saw
ings and Trust Company's new build
ing. Contractors will estimate In both
granite and marble. The former ma
: terial probably will be chosen, II IN
expected that the work will be started
by April ], and may be completed the
latter part of next year. Architects
have planned SO that the banks BUSH
ness may be continued during the con-
struction, with a minimum of ;ncon-
venience to patrons and officials.
President Charles J. Bell, of the
American Security and Trust Company,
accompanied by Mrs. Bell, left last
night for Fort Seawall, Fla, where
they will spend several days.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1914-02-14
WALL STREET GOSSIP.

Southern declared regular semi-annua
dividend. 21-2 per cent. on preferred yes
terday. General Electric declared the
regular quarterly dividend Of ? per cent
| The report of the transcontinental In.
yestigating committee, appointed two
years ago by the Borden government to
investigate the general charges of ex-
travagance. corruption and mismanage-
ment in connection with the construction
of the National Transcontinental Rail-
way, the eastern section of the Grand
Trunk Pacific being built by the govern
mcnt, charges that at least 80. 000, 900 have
been wasted on that enterprise.
The report says that the original esti-
male Of the cost Of construction. which
was placed by the minister Of finance at
S6l. al, 900. had In September, 1911, reached
Sl0s, 900, 900, and that the estimate then
made OF the final cost was S1sl, 800, oo0
The report continues that II the road il
completed this year at this cost It win in
1922, when, according to the terms of the
to pay . per cent rentst to the govern
ment, have cost the people of Canada In
principal and interest sza4s6l.5n. The re-
port concludes:
I'VE find that without including the
money which was unnecessarily expended
in building the railway east Of the st.
Lawrence River. $400oo0oo at least was
neediessly expended in the building Of
this road"
s. b. Chaplin & Co. to w. B. Hibbs-
Tho market 10 breaking away from the
depressing influence OF the weakness GER
tain special stocks have been showing.
The continued abundance OF cheap money
and the imprUviuG pru9p6cfn for genarnn
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1914-02-14
Local Stock Market.
Thousands In Dividends.

surance Company have voted to pay $685.
ca0 in dividends to policyholders during
1914. This is double the amount paid
in 1919
The special committee reported that the
So. 265 which has been carried as a special
surplus should be entered on the books
as a dividend liability.
provision in the company's charter
gives the policyholders seven-eighths and
the stockholders oEe-eighth OF the net
profits. The report Of the New York State
Insurance Department on the business
of 1911 showed that $4,000 was yet due
the stockholders, This has been carried
in the surplus fund and has now amount
ed to s67,es5, which it Is believed will be
distributed
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1914-02-14
WHEN SOMEBODY
MAKES A BLUNDER
tCopynsht. 1915. by Q. N. Kegs. New York;

tCopyrsht. 1914. By @. N. Kegs. New York;
There is an automobile company in
Canada which may be used as a fine ex-
ample Of the risks of Industrial invest
ment. Both the preferred and common
stocks of this enterprise had been re-
garded in a not far distant past as rea-
sonably. good securities In 1872 the pre-
ferred paid its regular per cent dividend
and the common also paid per cent. and
there was 4 surplus left over after these
dividends were paid.
In 1918, somehow or another, the man.
asement did not seem to get hold Of the
market properly. When they should have
been manufacturing automobiles for de-
livery they were still experimenting on
new designs. changing over from right
to, left hand drive. installing electric
starters, SC. Before they got fairly 60
ing the season was pretty well over, and
people were not buying cars anything like
as freely as they had early in the year.
The result OF this little chain of cir.
cumstances. which seems SO perfectly
natural as one looks back at IL. was that
instead of having q surplus of S1so,0oo net
for the year out Of the operations, as II
had in 1912, the fiscal year 1913 produced
nothing but an actual loss of s152.0oo from
the operations of the company; conse-
Quoutly Tue J0ltlocnus Oh tuc SOiiiIuou oiS-
appeared md shortly after that even
the dividends on the preferred were
stopped.
This story Ia interesting. not because
this particular company, or Its securities
has any public interest In this country.
but because It makes q hrst-rate Illus
tration Of the kind of industry that Is
sither prince or q pauper; that IL. either
distributing very handsome profits to Its
stockhold.rs or giving them nothing at
all There are . great many Industries Of
this type. Some OF them are Industrial
corporations that manufacture Injuries
for the people. In very good years such
companies make enormous profits In
very bad years they make nothing ct
all. Another class that belongs in this
category consists Of companies making
equipment and material for railroads.
When things are fine in the railway bust
ness these companies get rich. pay good
dividends and pile up very large profits.
Two or three years Of bad business. on
the contrary, plunges them Into poverty
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1914-02-14

President Charles J. Bell, of the
American Security and Trust Company,
accompanied by Mrs. Bell. left last
night for Fort Seawall, Fla. where
they will spend several days.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1914-02-14
NEW YORK PRODUCE.

New York. Feb. l3-MILLFEED-
Firmer demand moderate. Spring bran.
In 1oo-pound sacks, $50: to arrive, $500;
standard middling, spot. $50; to arrive,
900; Western reddog. $40; winter wheat,
IN foo-pound sacks. to arrive. 200: city
bran, in bulk, - 10
RYE FLOUR-Steady: business Is in
active. Good to choice at 23oa37S
CORNMEAI<-Steady;d demand moderate.
kiln-dried for export. ass: coarse meal.
in bags, L.33aI. a.
BUcKwHEAT FLoUR-Inactive: prices
100 pounds.
HAY-Receipts. 73y tons; steady; in.
curry for choice Is moderate; low grade
slow. Quotations: No. timothy, Los;
standard. 100; No. :. eoa05 cents:
No. :, S0aS5 cents
STRAW-Receipts. 20 tons: nat: BUSH
ness Is moderate. Long rye quoted at
Seas cents
PoRK-F'irm: dealings are moderate.
Mess, g JoaeLoo: family. $50: clear.
BEEF-Steady: trading moderate. Pack
ct: lhOeal9n: family. 1e00a20.0o.
LARD-Steady; moderate dealings.
Prime Western. 1l.15: refined continent.
lio: South American. 100: refined
Brazilian. in kegs, 1900; beef, stearine.
- cents asked; lard stearine inactive; New
York. III. cents
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1914-02-14
NEW ORLEANS COTTON.
NEW YORK COTTON.
Furnished By n. L. Carpenter Co

Furnished by w. B. Hibbs 4 %.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1914-02-14
COBALT STOCKS.
TORONTO QUOTATIONS.
OUTSIDE SECURITY NOTES.

New York. Feb. ia sharp change in oils on
the curb today forced advances in many hsaes Of
this department Of from TO 10 pointA Good buy
ing and some increase in business reported.
stanfard Oil Of California advanced Is. 10 ~
Standard Oil Of New YORK liz. to 1854
Prairie OIL 70 to 5ii and Standard Of Indiana TO-
to SIS. South Pennsylvania oil advanced Il. TO
80: Vacuum OIL. 9. to 3ls Union Tank, ]. 10 lei.
and Atlantic Refining. II. to 49,
On the other hand, Standard Oil Of Kentucky
fell to 34 and rallied to 3ss; Standard Of Ohio to
700 and rallied to 40.
Anslo-Anerican rose y. to In. Toes,co bues
were linn. United Csan were slightly higher at
aI.
Coppers were steady and about unchanged.
ronorsths were dull In bonds Southern Pacific
convertible IS advanced Y. to losS. on S5oIooe
trading.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1914-02-14

bus,nsrs 4 csu.ine rsnsvse hvestmeut
Suyin< q tSs ssssdssd Si5isssi PAYER
q tried meFit 10 Ne in1e1eriaf - wen
a. the railruad nst -
rhis Senswsd buyins ana ths. continued
ROOD iuvestment demand for bonds u
maxim the bull de OF TIE market at
tractive, and the tendency q pricss there
fore 10 again upward.
While no Trsat outburst Of bpliish &C.
tivify ID expected. the outlook 10 con-
sidered favorable for socd trading
market - -. 3, =.
Levis Jchnson q Cattle market was
dull yesterday, but atroug. closing at the
best The -super1titi0us ones pointed 70
Friday, the lsfb. and started the day with
uni "a sincss, but have come out all right
and the market on whole II better.
British Consols In London scored Q sharp
advance, and the advance and the invest
meuts markets on the other side con-
tinue 10 show Improvement. Preliminary
estimate Of the hank statement indicate
an increase Of about SA0ooooo In cash. and
q fairiy good showing II expected.
n. L. Carpenter q Accommodating the
strong cable and no market Thursday the
opening Of the cotton market was ex-
tremoly tame and only q VIEW thousand
bales were traded In during the first
fifteen minutes wall Street houses were
inclined to sell early. but later on the
market worked up to IS for May. Selling
was scattered and offerings increased as
May approach II cents Cables. better
weekend figures and the expectation that
the census figures today on January con-
sumption will be bullish. was the basis
for yesterdays strength. but there was
no Improvement in the volume Of bust
ness
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1914-02-14
WEEKLY BANK cLEARINcs.

New York Feb. Bank deshnes in the United
States for the we>k ended February u acuerste
c.ss2 Tos.o 900. ssainst <.T4xkuo last lvssk and
Son &2Gp in this week last year Following are
the returns for this week with percentsrcs Of
changes from this week last year:
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1914-02-14
WASHINGTON STOCK EXCHANGE

sales-Regulsr cal at Il O'Clock noon.
Washington Railway Electric d, 5000 at His.
$1yoe at e. $1,000 at @. Hoo Of %. $1,000 at e.
CAPITAL Traction. % at loeis. . At l0
District National Bank at 1871. 10 At loH.
FEDERAL National Bank at tSk.
After csll-Wsshinston Railway Electric con,
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1914-02-14
Finance and C Commerce

,xayx fur hvs noths, IS pr cent for liz nonfha
I'd y3<s1H "a esut for evsr rs ysar.
Tbe, 3 20 partieulx change In the cuumercial
pape5 nSrkN BusiBs.s d quiet ind the bulk 4
the hish-ende nstsrisi continues to move % = Z
Der cent basia though IN special case. q that a
the Ees Ensisnd min paper. The nate Is ~ pa
Psris ezcAsues on London. 8f lse; unchsneus.
Berlin ezchsnss % London. nm. Ax pfg; ~
ns.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1914-02-14
NEW YORK MONEY.

New York, Feb. I-CaH money opened at Ix pe-
per cert; ruling rate II per cent. Ths eascr ten.
dency In time funds has been Resumed Chsrzes for
fur and ere months sdvanees are natted down 4
a per CENT. The volume Of business u fair
Rates are sx PCT cent for sixty days, PER Ont
for r.aety dsys s5x pef CENT fs four nopths.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1914-02-14
NEW YORK COFFEE.
Furnished By N, L. Carpenter 4 Co

Other Financial News on Opposite
Page.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1914-08-12
The Eattcst Race.
;ui,aSllcd.

How is il that the Danes MS q race
are fat. Professor Lyde states that
from one end Of Denmark 10 the
ether you will not find really thln
man" .hld he gives rather qualhC
rcISun for it, The growth or dalry
farming in Denmark tends ~ make
.nru lazy The private houses auJoin
the byrrS. which are kept ut UNI
formly warm temperature. ana lns
people are employed Ia warm nu'ld-
inys. living chiefly on milk ana cerea'S.
The men yet 50 lazy that they VIII nol
take the trouble 10 cut up lhelr looa'
And then comes this delightful con
clIISipn: This state of things has pro-
ducrd Il nation OF housewives VINO eA-
eel aI others III varieties OF Sauu-
witches, which caD be mlncned ai' Gay
long And thus is produced the fattcst
race in Europe. and we get Il hint FOR
Il real rest cure. Manchester Guardian.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1914-08-12
Cheap Power.

Natural steam coming up through the
ground is a cheap power for running
an engine in the northern Tuscany
mountains. Lakes Of hot water in the
vicinity of the steam holes contain
much boracc acid. and Il manufacture
ing company USES the natural steam tc
run machinery for extracting the valu
able boracic acid from the lake water.
The only difficulty in this pleasant
State Of affairs is that the steam ITSELF
is so highly charged with boracic aclo
that it would injurc the blades or
turbine engine. so the steam is used to
heat UP III ordinary boiler. and the
steam from the boiler is then used In
the turbine. The steam is caused by
volcanic action and comes up through
blowholes ut II considerable PRESSURE
Saturday Evening Post
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1914-08-12
SENATE PASSES BILL.
1t Will Admit Foreign Ships to Amer
lean Registry.

Washington, August 12.-Thc Sen
ate last night passed the bill to au-
thorize the President in his discretion
to admit to American registry forr
cign built ships less than five years
old. The measure as it passed the
House a week ago, was amended, by
vote Of 26 to %, to require Amcri-
can ownership Of a majority Of the
stock of corporations seeking to res
lister vessels hereafter acquired.
Another successful, attempt was
made to defeat the Jones amendment,
adopted on Saturday, authorizing the
President in his Judgment to admit
foreign-built ships to the trade be-
tween ports on the Atlantic and ports
on the Pacific coast.
Senator Williams urged that this
was discrimination against the Gulf
Coast, and succeeded in having in
serted an amendment to include Gulf
and Lake trade in the provisions Of
the amendment. ?.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1914-08-12
!. THE DRY BATTERY.
ltsyMany Uses and the Numerous Proc
''';t! - :csses In Its Making.

ltssMany Uses and the Numerous Proc
'''i'! - :csses In Its Making.
That common little object. the dry
hell: has played an important part III
the advancement OF scientific research.
iThere are few articles manufactured
1ilat are used in so many. ways as the
dry bhttery. yet it is by no means
regent discovery. 30.
+. The automobile, motorboat, wireless
teIesraphic apparatus. Christmas tree
!festoons. electric toys and trains, cleo
trio engines. local bell, telephone and
annunciatOr systems, miniature light
ing equipments, medical batteries and
viDrators. electric alarm clocks, bur-
giar alarms. automatic door openers,
safe cracking devices and Internal ma
chimes in their many forms, devices
for setting Off dynamite explosions IN
excavations. the various testing out
fits and electric clock service, to say
nothing Of the divers ways that it IS
used in scientific experiments, are q
few of the most obvious Of its appll-
cations.
In its manufacture there are about
as many processes rs are necessary IN
the making Of tungsten lamp, and
the machinery process that makes II
and compounds the. ingredients that
60 into it is wonderfully interesting.
So exact is the formula placed into
each shell that when completed bat
terry will register mp to Il uniform am
, perage The highest known amperage
in the manufacture OF u dry cell Is
twenty-SIx.
The exact origin OF the dry battery
is uncertain. many inventors having
claimed the hOnOr.-New YORK Worlu.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1914-08-12
DESTRUCTION OF AMPHION.
Thrilling Account Of Explosion OF
British Cruiser.

London, August IA thrilling
account Of the destruction of the
British cruiser Amphion by float
ing mine, with the loss of Isl lives:
was given today by survivors who
were landed at Harwich, From scve'
lal narratives the following story Of
the disaster is told.
No sooner had the Amphion left
Uarwich than the decks were cleared
fer action, as wireless adviccs lndl-
Gated the presence of German ships.
After being sighted, the German mine
laying steamer Kocnigcn Luise failed
to respond to shot across her bows
and was sunk.
"ImmcGiatcly after The German
prisoners were transferred TO the Brit
ish ship and her attending fleet of
torpedo boat dcstroycrs, 4 smudge of
smoke was sighted on the horizon.
The Amphion at once gave chase and
found that the steamship was the st.
Petersburg, bound for Holland. The
Amphion hove to and was stcaming
toward port when she ran bow on
against powerful floating mine that
lad been laid by the kocnigel Luisc.
The Amphion gave two jcrky plum
gcs, that threw scamcn from thcic
feet. Before they had time to scram-
bic upright, there was shattcring
explosion. Flames lcapcd upward
with debris of the ship and a wall
of water that reared skyward like :.
gcyscr. The two tunnels of the war
ships were lifted hcavcnward like
arrows shot from bow, and the en-
tire forcpart Of the vessel was splin-
tered.
Wreckagc and parts of human bod
les rained upon the waters. So
mighty was thu force that splintcrs
of steel and guns from the Amphion' >;
batteries fell among the vessels CT
the destroyer fleet, some distance
off, ctusing damage tc these YES
sells.
Flames played all over the deck, in
dicating that part of the mirc had
been filled with acid, which caught
fire when exposed. Many of the
wouEtcd sailors among the surviv-
ors arc suffering from frightful
burns, and the bodies of some Of the
dead are scared with fire. Lyditc
fumes hindcrcd the rcscucrs.
The Amphon sank Immediately, as
the explosion had ripped her opcn
trcr' stem to stern.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1914-08-12
ENERGY Or The sun.
Intensity of the Light and hoas IS
Sheds Upon Our Universe.

III
Bv a series of curious experiments
scientific men hlve gained a 1air loea
OF the intensity of light and heat from
the sun as compared with earthly IN
struments. ~ ass
When the sun is. ct the zenith. or d.
rectly overhead its light is equal to
serenty-nve electric lights placed only
three feet from the observer. Yet an
electric light, is too dazzling for any
one to gsze Steadily at 1t. And as COM
pared with Sirius. which is the bright
est in the hetvens. the light of the sun
Is 2Oo00.C0O times more brilliant
The intensity of solar heat on our
globe-yaries sreatly.77in;aS Waythat sun
light ,duss iIpt.fthc former being affect
Ell byslocations. attitudes, changes OF
The atmosphere and many causes.
II his been estinlated;s however, that
tie total quantity of heat; which the
earth receives from the sun each year is
enough 10 melt layer of ICE covering
the entire globe and having. q thick
ness of Il hundred feet. i#Et
Hut this Is only a very small portion
of the whole amount Of lleatiSiven out
by the sun The total solar heat is
enough TO melt every day q layer OF
ice ten and one-hulf miles thick, about
the entire sun, or. to take Professor
TynGall'S comparison. the suns heat
emitted IN one hour is equal to that
produced by burning q seam Of coal
sixteen aud ona-hal' lf'tS thick.-Phil-
adephia Inquirer
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1914-08-12
GERMANY MAKES DEMANDS.
Wants to Send Code Messages
Through London to U. S.

Washington, August 12.-Seere-
tarv Bryan has transmitted to Great
Britain formal representations made
by Germany on the subject OF cable
and wireless communication to and
from a neutral country, such as the
United States, to belligerent coun-
tries.
Germany sought permission to send
coded messages through London TO
the United States. AS the American
government acts as a channel of COM
munication in the diplomatic dealings
of one belligerent with the other the
message was transmitted to the BRIT
ish Foreign Office without comment
by Secretary Bryan.
Should Great Britain continue to
prevent Germany from sending
cable messages through London to
the United States. it is believed Ger
MANY will make vigorous effort to
have the United States remove It's
censorship on Gcrman-owned wire
less stations.
That the State Department is con-
sidcring the relation between wire
less and cable communication as af-
fccted by the neutral position OF the
United States in the present war was
admitted today by Secretary Bryan.
The Hague convention expressly
states that it is not obligatory upon
neutral power to exercise censor
ship over either wireless or cable
communications.
Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1914-08-12
f CURIOUS Il CLIFF HOUSES.
Queer Prehistoric Dwellings In Mesa
Verde National Park.

The Mesa Verde National park is sit
uated In southwestern Colorado ahd
may best be reached from Mancos.
Within the park are many notable pre-
historic ruins. the cliff dwellings, COM
prising group Of great Importance ITO
the study Of American archaeology:
The principal and most accessible ruins
are the Spruce Tree House. Clif pail
ace. Balcony House and Tunnel House.
Spruce Tree House is located, In the
head Of Spruce Tree canyon. a branch
Of Navajo canyon 1t originally CON
tanned about BEDROOMS. built Of dressed
stone, laid in adQbeh mortar. with t.he
outside tiers chinked with chips OF
rock and broken pottery, uiJ4 is
Cliff palace is located about TWO
miles east Of Spruce Tree House. in q
left branch of'Cliif canyon. and con-
sists of group Of houses with ruins OF
JAG rooms. including twenty round
kivas or ceremonial rooms and taper
ing. loopkoled tower forming crescent
of about 100 yards from horn to horn,
which is reputed to be one of the most
famous works of prehistoric man IN
existence.
Balcony House, mile east OF Clln
nalace. in Ruin canyon. contains about
twenty-five rooms, some OF winch are
in almost perfect condition.
Tunnel House. about two miles south
of Spruce Tree House, contains aDouI
twenty rooms and two kiyas, connected
by an elaborate system of underground
passages. and Il burial ground OF o'oot
square feet. In each of these villages
is an elaborate system of fortifcatlon
with in some cases walls 90 feet thick
and twenty feet high. watchtoWers
thirty feet high and blockhouses
pierced with small loopholes for ar
rows,