davidaulloa/AmericanStories huggingface dataset:
The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1914-02-06

Situated the the onehaf
miles from Cook Minnesota 80 cleared
under pow small house small timber hay will
sell for SIS ache wild land sold in this
wants but consider reliable buyer
interested further particulars
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-11-15
NEW BANK SYSTEM
WELCOMED BY ALL
Tomorrow $780, 0O,0 900 Will
Be Released for Bust
ness Use.

NEW YORK, November 14.-With the
coming of the new week. interest will
naturally be riveted upon the prelimi-
nary movements of the new federal
reserve system, the effect of which is
supposedly to revolutioniZe fiscal prac-
tice in the United States. The new
sy stem is fortunate in that it Is well
coined with open arms on all sides;
that it has received. and will continue
to receive, the unstinted support of pa
triotic bankers and business men in
every quarter. and that it has. more
over, a wealth of capital and deposits
in real gold, sufficient to place it in
commanding position in comparison
with other financial organizations, not
only of this country, but of European
nations as well.
According to an official statement put
out from the office Of the controller of
the currency this week. the total CAPT.
tai and surplus of the 1880 member
banks will be $1.7s3.39O.146: as they
are required to- subscribe for stock in
the reserve bank in an amount equal
to per cent of such capital and sur
plus, the new institution will there
fore have a subscribed capital of $107,-
0O3. 400. Of which but one-stxth is paid
in at the present time. Then as to de-
posts: the total deposits Of the member
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-11-15

rumors of peace. Enormous receipts
were also reported. Improved credit
facilities impaired cheerfulness to the
steel trade, but did not induce fresh BUY
ing. Gross earnings of railroads showed
severe shrinkage, with the effect OF cattle
uuarantines still to be determined.
Almost half of the excess cash re-
serves reported by clearing house banks
last week was lost this week The heavy
outflow of gold to Canada caused a cash
loss Of about $7,200.000 and a decrease
in reserves from $15.915,000 to $7,414,00o
Loans again showed marked contrac-
ton.
Steel companies were encouraged dur
ing the week by the large number of
orders received by re-rolling mills and
small manufacturers all over the country
for small lots of miscellaneous steel
products. The aggregate tonnage placed
was not large. however. Furnace ana
mil Operations were reduced to the low
est point in the history of the industry.
The schedules of the Steel Corporation
were down practically 20 per cent or
total ingot capacity.
Railroad purchases OF equipment
were again insignificant. Some larger
Inquiries for rails came from abroad,
however. Russia was in the market for
10000 tons of sixty-seven-pound rails
and 10000 tons of twenty-pound rails.
An inquiry for about 5000 tons for
Finland was reported. The recent in
uuiry for 10000 tons for Norway was
still pending.
The fabricating shops reported orders
shapes, including 1000 tons of railroad
work. Prices for fabricated and plain
shapes were weak and lower.
There was more activity in pig iron,
tons. More inquiries for basic iron were
also reported. The tendency of prices
was still downward. Output was being
reduced.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-11-15
CHICAGO GRAIN.

CHICAGO, November 14-Persistent
buying on the part of seaboard export
ers forced a rally in the wheat market
today after an early break. There was
a nervous close at haA to AaA net
advance Corn finished " to Y under
la st night, oats with a gain Of Y. and
provisions varying from unchanged
figures to decline Of 10 cents.
At. first the foreign demand in the
wheat trade seemed likely to make lit
tie, If any, impression against the un-
settling effects of the peace rumOrs
that were circulated yesterday and
earlier in the week. Some of the larger
firms here, however. received from
their own European representatives
fiat denials that the peace talk had
any real basis. and when early sellers
tried to cover 1t was found that the
accumulated buying for exporters had
left the pit bare of any floating supply.
Heaviness. which characterized the
early dealings in whaet, was added TO
by continued large receipts both north
west and southwest, and by predictions
Of a large increase Of the visible sup
ply total Monday. Furthermore. re-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-11-15

Monday. November 16, will be very
important day. witnessing as it Will the
introduction of the new monetary sys-
tenn of the country and the passing Oh
the national bank act, which gave TINS
country sound money instead OF shin-
plasters: made a market for govern
ment bonds and through its inelastlclty
has been more or less responsible LOT
the paucfty of money at time "heh
il was badly wanted.
But 1t gave the people a sooo, SCUM
currency. The act cost depositoiS III
national banks but l per cent OF loss
through failures; and it releSateo t tne
counterfeit detector OF the carry w
to the waste basket. -;
History will cover its full Response.
bility and time Will tel solhe.hiIs "
the losses sustained by holders OF the
2 per cent bonds, which formed the
basis of bank circulation. The new law
provides for the ultimate retirement
OF the IS at par, but the operation IS
scheduled to cover a period OF twenty
years.
In the interim the national bank
notes will still be in existence and the
notes of the federal reserve system Will
be forthcoming just as soon as some
member bank offers commercial paper
for rediscount, this being the manner
of issue of the new money.
Indications are that the regional banks
will not be called upon to redscount
any paper in the immediate future. The
rates as established by the federal re-
serve board are practically prohibitive
in times of plentiful money, as at
present, with Accommodations to busl-
ness restricted to necessities.
1t Is quite probable that the rates as
announced yesterday, per cent for
Richmond. the regional bank. of which
local national banks and two trust COM
panies, the Continental and the Munsey
Trust companies. aremembers, were IN
tended to be prohibitory; that the re-
gional banks might have more time
to prepare for business and that the
federal reserve board might have fur
Their time for the issuance of rules and
regulations.
First issues of new currency will prob
ably come out from collections made by
the regional banks for member banks;
as the law provides that the regional
banks shall clear their checks for
member banks.
Banking Statistics.
Following is table showing sub
scriptions to stock of federal reserve
banks.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-11-15
COTTON MARKETS.
NEW YORK.

NEW YORK, November 1.-THE
floor of the cotton exchange was a
scene of activity today in preparation
for the reopening Monday. Telephones
were being installed. clerks recalled,
new forms and instructions made nee
essary by the new cotton futures act
under which trading will start were
issued and in general all the machinery
connected with the smooth operation of
a big exchange. which had become
somewhat rusty after three months of
idleness. was in process of rejuvena-
ton. On all sides a feeling of cheerful
ness prevailed, this sentiment not be-
ing confined to the exchange alone, for
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-11-15
S AND $50 MONEY
to Loan on D. G. Real Estate
JESSE L., HEISKELL, 1903 H ut. NV.

ports were at hand of weather con-
ditions for the Argentine harvest, which
is expected to begin next week.
The bears. one after another. lost
last hour were nearly altogether on
the defensive.
Corn showed weakness as result
of predicted rains not arriving on
schedule time. There was no urgency
on the buying side of the market, field
conditions being about all that could be
desired for gathering and marketing
the crop. Fairly large export TRANSACT
lions upheld oats. Then, too. offerings
at the sample tables were noticeably
meager.
Provisions ruled irregular through
out, but with a tendency mainly down
ward. owing to lack of any steady
support. Trade as a whole was light.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-11-15

banks are somewhat in excess of SIX
and three-uuarter billions of dollars,
and they are required to deposit with
the reserve institution about s244,0o0,-
900: in addition thereto, all Treasury
funds now lying idle at the national
Treasury are to be deposited with the
reserve banks. They should therefore
have available cash in excess of $780,
900, 900 before a single transaction Is
recorded.
Largest Federal Bank.
The federal bank in New York will
doubtless be the largest in the system
1t will have a total subscribed capital of
s19S76,3 1872, carry bank deposits alone OF
s100, O0O, 900, and will in time doubtless
perform many Of the functions which
are now under the jurisdiction of the
local subtreasury. 1t has been calcu-
lated that in New York city alone the
amount of 1856, 900 now held as legal
reserves bv the national and state banks
and trust companies will be released as
soon as the new system begins to
operate. The present net deposits OF
these three classes of institutions is
about s2,O66, 406, 900. distributed as fol-
lows:
Trust COMPANIES .....-....-''' 81 S,s aaS Oo0
State banks. observation-disclosures. <'4'f'o''oo
81 ose. 4os. 600
The release of reserves, as based upon
figures compiled by the controller OF
the currency and the New York state
banking department. are as follows:
National banks Observation-Disclosures. SIS BIC, 900
Trust companies ................ oa6o m0
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-11-15
RECENT ELECTION RESULTS TABULATED
BY REPUBLICAN CONGRESSIONAL COMMITTEE

Although the results of balloting in
several districts are still in doubt, the
general situation affecting the next
Congress is now well established, and
although there are disputed counts in
some precincts in the gubernatorial
contests, politicians here accept the
figures as now printed.
The table presented herewith is com
piled from the figures of the national
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-11-15
s1.7s5. go POI S1o1.115.137

Showing reserves held by national
banks in the twelve federal reserve
districts, as of September L.; also
showing the reserves required under
the present law, the reserves required
under the federal reserve act, the re-
serves held in excess of the amount re-
quired under the old law and the re-
serves in excess of the amount re-
uuired under the federal reserve act.
Statistics of October 81 have now been
Ial
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-11-15

The condition of the United States
Treasury at the beginning of business
yesterday was:
Net balance in general fund, $S1. 7S7.-
4SS.
Total receipts Friday, $1,621,662.
The deficit this fiscal year is $51.074.
$50. against a deficit of $6.435.660 last
year. exclusive Of Panama canal and
public debt transactions.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-11-15
WILL SELL:
$1,000 Wash. Rwy. & Electric ,er
cent bonds Mt 7BN.

SS,OOO Wash. Rwy. 4 Electric 4 ver
cent bonds Mt 7BN.
E@,OOO FOt. Elec. COnsld. SO at 00h.
SlO.O0O Cap. Traction SO At 1O4A.
~ zap. Traction stock At 891x.
" Wash. Rwy. pfd. Mt 10 ex. div.
% Wash. Rwy. com. ut 20 ex. div.
100 Wash. Gas at Is.
70 Mergenthaler ut 200.
los Lanston at d2.
80 N. 4 w Steamboat at $50.
10 Metropolitan Nat. Bank n 1854,
20 Munsey Trust Mt 03K.
WILL BUY:
80 Wash. Gas stock nj r.
$1,000 Pot. Elec. ConsId. so ut oO3k.
Federal Nat. Bank At 120.
$1,000 Wash. Gas so at lO3.
5000 Cap. Traction SO At lOS.
Subject to previous acceptancs or
cancellation. All executions for cash.
Buying and selling orders on ali
listed stocks and bonds solicited.
1 will also accept orders to huy
md sell standard rails and iudus-
trials ON the New Street Market.
New York. mt going prices. plus u
OF Per cent commission. Delf.-
cries for cash at your own bank.
THOMAS L. HUME. Broker.
14l0 G at. Rooms Oil. Tel. n. 1874
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-11-15

and one progressive governor were
elected.
The result in Nevada as to the SEN
atorship was still in doubt when the
table was compiled. and there have
been notices of several contests to be
districts.
In this table only the three general
parties have been noted: Republicans.
democrats, progressives.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-11-15

republican congressional committee,
and wherever there is a doubtful dis
trict it has been marked
This table shows that the recent
election will send thirteen republicans
and nineteen democrats to the Senate;
that the probable makeup Of the
House will be 233 democrats, 1913 re-
publicans, progressives and 1
socialist, and that ID republican
governors, IL democratic governors
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-11-15
DRY GOODS MARKET.

NEW YORK, November 14.-Cotton
goods and yarns were seadier today.
goods and yarns were steadier today.
being bought for dress goods and
mems wear for another season. Under
wear and hosiery were in better de-
mand. Foreign textile orders were
small
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-11-15
Will Release $500, 900, 900.

The reserve requirements of state
banks were reduced by the so-called
Van Tuyl law. passed about six months
ago, but most of these institutions have
thus far been unable to take advantage
of the change because of the % per cent
rule of the Clearing House Association,
of which they are members. The ques
ton naturally arises as to the facilities
that will be Immediately available by
the new institutions. and the extent to
which they will be able to benefit the
business interests of this country. 1t
must be remembered that the federal re-
serve bank is bankers bank; that is,
it is not permitted to transact business
directly with any merchant or manu-
facturer, but must deal with them indi-
rectly through the medium ef the mem
Der bank" 1t is doubtful whether the
new institutions will attempt to do more
than the rediscounting function at pres
ent; the fact that they have made appll-
cation for membership in the various
clearing houses is evidence Of this as
sumption. This. in fact. is all they will
need to do at present; for, with the re-
leasing of nearly $50O,000,OOO in reserves
due to the more liberal reserve require
ments, and with the conversion OF COM
mercial paper into the form of liquid
assets they will render invaluable
service at this time. 1t is to be hoped
that the business men ana the porroW-
ing corporations will do their share in
putting this surplus money into active
use, SO that the benefits of the new. sys-
tenn are not wholly imaginary. If not
employed in productive business 1t will
find its way to the Wall street specula-
tive centers and it is up to" the bust
ness men of the United States to keep it
more usefully employed.
Trade and Export Conditions.
Trade and export statistics are now
telling very Interesting story. Our
trade balance in September was $16.-
900. 900, while in october American ex-
ports exceeded imports by over S6O.00O.-
900. Should trade figures continue in
this proportion-and the indications
are that exports will increase rather
than decreased will be a very short
time before we shall have wiped out
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-11-15

with the reopening of speculative
market and a stablizing of prices an
Improvement in the foreign exchange
market was anticipated and cotton
goods operators figured on a more con-
fident demand, while there Is reason to
believe that exports will increase. The
new week will begin with practically
all of the big exchanges open for un-
restricted business. Southern advices
delayed in the eastern belt by heavy
rains. New Orleans spot quiet, *
sales, 1900 bales.
NEW ORLEANS.
NEW ORLEANS. Nooember Icon
tracts in the cotton market were lit
tie higher today, January standing at
$50 bid, as compared with yesterday 8
low price of 7.45. Feeling among bro
kers was cheerful over resumption OF
business Monday, but the disposition
among holders of contracts appeared
to be to await the trading OF next week
before going farther.
The rise Of a sixteenth in Dallas spot
quotations caused favorable comment
as did also sales of spots for the week
in Liverpool, total transactions there
being $4,000 bales, against $1,000 this
week last year and 41,000 this week
two years ago.
Changes in the hours Of trading were
the local exchange today. to stand un-
til further notice. The merket will
open as usual at sos am. the third
call will be at 1880 and the close will
be at 2 o'clock. except Saturdays. when
it will be at IL. Spots will be quoted
at 100 pm. except Saturdays, when
the hour will be 10:45 am.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-11-15
POSITION OF BANKS
SHOWS bETTERMENT
Improved Financial Situation
Helps the General Bust
ness Outlook.

NEW YORK, November 1.-THE
financial position grew stronger
during the week. This helped to i'm
prove the general business outlook.
The money market was easier. but
this was due in large part to the
contraction of business. Cash was re-
turned in large volume to the bank
ing centers and emergency currency
was rapidly retired.
Plans to open the federal reserve
banks next week and the consequent
lowering of reserve requirements were
pronounced factors in easing money
rates.
This movement downward was re-
strained. however, by the federal re-
serve boards warning against credit
initiation and of the necessity Of main
tanning the discount rate at a level
to guard gold holdings, as well as by
the question of ruling on commercial
paper available for rediscounting.
Large gold exports to Ottawa ac-
companied the payment of New York
city's maturing foreign obligations.
This resulted in a drop in foreign ex-
change rates to well below the gold
export point for the first time since
the war began. Decline in exchange
was the more significant in the face
of huge war loans in London and in
Paris.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-11-15
Plans for Opening Exchange.

Important steps were taken toward
removing restrictions on trading in
securities, and there was increased
hope of an early reopening of the
stock exchange at least to dealings
for cash. There W remarkable i'm
provement in quoted prices of various
securities. with considerable actual
business on the curb. The New York
and New Orlear~ cotton exchanges
will resume opeA .tions Monday, and
the local metal exchange is already
under way.
Cereal markets showed sensitiveness to
New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1914-02-11
LOCAL NOTES

-
Miss Meta Fsik returned from M n
neapoiis last week and will spend
several weeks at home.
Msnksto Commercial College graz
duates hold responsible pos,tinns
everywhere. Results count Adv 5.6
Louis Imme and Mise Gale OF
Springfield visited over Sunday At
the q. F.. Schrader home and ut Chss.
Lilies.
Mr.. and Mrs. Christian Essig OF
Sanborn we're guests of Ms .Dorothes
Schrader and Of the Henry Moll
family last week.
Mrs. Henry Ge5hardt Of Black
River Falls, Wis, q niece OF the late
Mrs. Pfenninger who attended the
funeral expects to return home
tomorrow.
Last Wednesday evening the mem.
hers OF St. Anne's Court NJ. 3S9 W.
G. o. F. wore the h0stesses at q danc-
ing p.rty given a. the Catholic school
house. The event was thoroiy enjoyed
by all present. Refreshments we're
served.
Ere w. Oswald exhibited his
Single Comb White Minorcas at the
ST. Paul State Poultry Show hold IN
| ST. Paul Feb. 9th to 10Th and secured
4 first prizes and one second. There
we're l25 exhibitors and 954 entries so
Mr.. Oswald is entitled to feel proud
Of his aock:,@ s.::s..
The Lucky !Thirteen Euchre Club
vas entertained 81 Mrs. John Schnei-
der " her home On south Bro ad~sy
Thursday evening. The following
won, the prizes: Head prize, Mrs A.
Crope: star prize, Mrs. William
Emmerich; BOBBY: Mrs. Max Rein.
hart. A nice lunch was served.
Al. invitation dance has been
arranged by the members of Denkmal
Lodge No. 81 o d. II. 3. which will be
held ut the Turner Hall GYM next
Saturday evening, February 14tb.
From the preparations that are being
made it promises to be one OF the
most enjoyable dancing parties of the
season.
Alter being closed for week and
two days the echool in District No. 9
was re.openea Monday morning.
Owing to the prevalence of diptheria
In the families Of Albert Froemming
and Otto M.hi, the board of health
deemed it advisable to close the school
and issued orders to that effect.
However, no new cases developed: and
the ones afflicted with tho disease be.
Ing on the highway 70 recovery, it was
deemed safe to open school again. !: !
Rev. George Mayer left Monday
afternoon for Richfeld, Wisconsin, to
attend the funeral :@of his father;
George Mayer, who died Sunday Ut
old age and the troubles. incident
thereto. The aged man was 90 years
old. BE was 5orn in Nierstein,
Hessen Darmstadt, Germany, but
came to America more than 81 years
ago and made his home on farm 20
miles fcom Milwaukee where he was
living at the time of his death with q;
son who bad taken charge of the farm
for 8 number of voars.
T..
New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1914-02-11

s Buehree maze 4 business trip
to the Twin Cities Friday.
Miss Eta Boston spent Sunday at
home With her psrents in Mankato.
ii County Atty. Geo. T Olsen of St.
Peter transacted business IN our Cit,
yesterday.
Mrs 0 G Stricken will entertain
Thursday a. q small afternoon party
vt her home. ,
City Treasurer G)ttlieb Oswald left
yesterday for the Twin 1isies on
short business trip. 49,
Mrs. Anna Kuttner enjoyed . visit
the past week from: her son henry
Relnsrts Of Mlnot, N. D
Rev. a. F. w Krieoke Of Mime
apolis was guest the past week IT
the homo Of mis- daughter, Mrs
Conrad D,rks
Frank Schmelz Of st. Cloud greeted
friends in Cottonwood and New Ulm
last week while in the former hume for
9 few days. visit.
There will be q large whist party at
Turner Hall next Saturday afternoon.
The host.sses will be Mrs. Vim. n.
Stoll, Mrs. F. D Minium. Miss ANA
Luetjen and Miss Minnie Wendt.
Wednesday morning, the year old
daughter of Mr. and Mrs. Gerhard
Neemann underwent 40 operation for
appendicitis at the Loretto Hospital.
According to last reports, she is CON-
valescing rapidly.
Elmer Backer who recently passed
his examination rs assistant phar.
macist, is employed 10 the Model
Drug Store now owned by Alfred.
Heilmapu. Elmer 10 q bright boy aud
now has chance to advance himself.
IA bout 25 neighbours and friends sur
prised Henry Coriess last Monday
evening in honor of his 78th birth day.
With song and music and card play.
ing the guests rounded out very
enjoyable evening. Refreshments were
served.
Louis and Herman Breitkreutz OF
Arlington who had been visiting with
relatives and friends 10 the city for.
several days, left Wednesday for
Sanborn. Springfield and Sleepy Eye
to visit other relatives and friends
before their return home.
Dull, dry and. brittle hair and pre-
mature grayness. are caused by free
alkali in all ordinary shsmpoos. Try.
q, enol Cream Of Green Soap and
note the wonderful change. Eugsue
'Pfefferle, Druggist. ....z.. vs:: Adv.6.7
Tuesday evening the following were
elected as officers of the Young Ladies'
SodaIity of the Catholic Church for
the ensuing year: Pres, N iss Marie
Gruenenfelder; Vice Pres. Miss Rose
Schmirl; Seoy., Miss Eleanor. Henle;
Treas, Miss Louise Helnen; Mar
shalls, Misses Herlinda Marti and
Mary Biebl; Librarian, Miss Jose-'
phine Brandt. :*sz
Anton Leibold, supervisor of ply
steal culture in: the public schools Of
Columbus, Ohio recently delivered an
interesting address before the Colum-
bus Turnverein on ssThe Achieve.
ments of the Germans in 'Americs. !"
The lecture is very entertaining and
Instructive and was published in full
in "Der Westbote'' of Columbus,
Ohio. MIR. se$ Leiboid Is one Of the
Ju.ior Pioneers who has made good.