davidaulloa/AmericanStories huggingface dataset:
The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1914-05-30

purchases. If farmers elevator
company purchased the grain ORR
ginally, it would hedge these pur-
chases by sale Of future delivery.
If this grain is later sold to termin-
al elevator, the terminal elevator will
put out hedge against it's purchases
and the farmers elevator company
will buy in their hedge. When the
terminal elevator company sells this
grain to miller. this miller will al
so hedge this purchase, while the ter
minal elevator company will buy in
it's hedge, etc. Thus many illustra-
ton may be made, where the same
grain passing from the farmer to the
consumer is hedged half dozen
times, as each transaction involves
first sale and later purchase. Oc-
casionally the owner of grain will
change his hedge from one future
month to another, buying in hedge
placed in December, and reselling for
future delivery in May. This chang
ing of hedges from one month deliv-
cry to another also increases the to-
tai amount bought and sold for flu
ture delivery.
Speculation.
This brings up the subject of spec
ulation and the useful function
which speculation performs in the
distribution of the crop.
There are many who consider that
speculation and gambling are one
and the same thing. The fact is that
there is a marked distinction be-
tween the two. Speculation consists
in the assumption of a risk which al
ready exists, and must be assumed by
someone. The risks assumed by fire
insurance companies, life insurance
companies, accident insurance COM
panies, etc., are in fact speculative
risks. AS result of the study of a
vast number of cases, the insurance
companies are able to estimate the
risk with reasonable accuracy, and to
base their premiums upon these es-
Inmates. Speculation in grain in the
same manner is the assumption of
the speculative risk connected with
the ownership of any kind of prop
erty. This risk already exists, and
must be assumed by someone, either
by those engaged in the actual distri-
button of the crop, or by useful
class known as spectators. AS the
average merchant is unwilling to as
sumo the risk of fire which might
destroy his property interests, and
prefers to shift this risk upon the fire
insurance company, so also those en-
gagged in the grain and milling bust
ness or in the manufacture of lin
seed oil prefer to shift the specula'
tive risk connected with the owner
ship of grain, etc. to those who make
a speciality of assuming these risks
as do the fire insurance companies ir
assuming the fire risk.
Now, the clear distinction between
speculation and gambling consists il
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-08-04
CE RNANY PLACES
EN- TIRE BLAME
ON FRENCH ARMY
ipy Aoamao ,ooarAl arselAl lrAs,D wla,

Berlin, Aug. 3.-A further official
communication regarding French
acts of hostility against Germany was
published here tonight. II said:
"The German troops hitherto have
obeyed the orders given by the Ger
man commanders not to cross the
French frontier French troops on
the contrary since yesterday, have
made several attacks on the frontier
posts without any declaration Of war
having been made.
THE French have crossed the
frontier 1T several places In spite OF
the fact that the French government
a few days ago informed us that 1t
would not infringe on the unoccupied
zone OF six miles from the frontier
and since last night companies of
French troops have been In the oc-
cupation Of number of German VIII
lagos.
French army aeronauts have
been flying over Baden and Bavaria
yesterday and today, throwing bombs
and have violated Belgian neutrality
by flying over Belgian territory into
the province OF the Rhine in an eff
fort to destroy our railways.
In this way France has opened
the attack on us and has established
state of war which has compelled
the German empire to take defensive
measures for the security of Its ter
ritory"
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-08-04
CITY WITHOUT
FREE SPEECH, IS
BISHOPS CHARGE
's, rs-wso ,eyrr., .ese,., .s.sso ~'ss,


Lead. s H.. Aug 3.-A city with
out free speech or free press was me
manner In " hich the Right REV Jo~
semi + Rusch. Roman Catholic bishop
of Lead dcMgnatcd this municipality
tndav while testiiying before the fed
erni Industrial relations committee.
lie nleo added thnt he did not believe
there was man In the Black HIS
who did not feel the influence oi the
uomeslako Mining company
The bishop long has been foe Of
Sunday work in the mines He made
IA futile attempt year ago 70 huuee
the rempanN to publicly endorse at
tendance nt church on sunday Later
lat gathering in Milwaukee. he re-
Viewed MIS- unsuccessful tight ana re-
ports on his address. which he maine
fnina werr Inaccurate. aroused the resi-
dents Of Lead 60 hold mass meet
inc "a denuunce his action, The bishop
declared today ON the stand that the
meeting was called by The mayor.
Commissioner O'Counell then brought
from him the positive assertion That
hc did not think there was free speech
and free press
r. J. Grief, superintendent of the
Homestake. who preceded the bishop
un Tie stand. declared the men work
cd GA sunday of their own Neliuon
james Kefwin, who was active In
the lahar trouble here fonr years aNa,
cau0ea A laugh ~ testnyne that the
union men now working here are not
generally known ! lie also was guess
TONED as 20 why the unions bulidmH.
the iareesl IN Lead. nov stands idle
but he gave no reason,
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-08-04
DEMOCRATS NOT
ABLE To PASS
TRUST MEASURE
Senator Lippitt Prevents Vote
on Trade Commission Bill
and Night Sessions Me
Likely 10 Be Resorled To-,

~ seHr,so lounrAl srseiAt trNsfp ~'nri
Washington. Aug Am attcmpt
Of democratic leaders 20 pasa the
trade commission Dill IN the aennte
tonight was blocked by Senator LIP
pitt 81 Rhode Island. who said he
wanted to speak on the measure.
Senator Newlnnds, IN charge Of the
bin. announced that night session
would be held tomorrow night With
a view ~ putting the measure
through
senator Lippitt insisted TINT the
bin should hr postponed until De
ccmhef IN view OF the situation fac
ing the world
Earlier W. the day the senate vot.
I'd down the Crawford amendment O.
make conviction Of corporation
under the bin vs. tho government
conclusive evidence Of guilt IN suit
of a private party against the cor
poration II accepted an amendment
hy Senator Nelson 10 prevent prose-
cutiohs under the piii GIVING persons
immunity under the sherman anti
trust law
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-08-04

ccasary by Austrian mobilization. We
are far from wishing for war and 81
long as nceotiations with Ausirin re-
eArdinE Servla continue. M troops
win not undertake any provocative
action.
"A give thee my word upon e and
trust with my strength IN COO
grace and hope Tor the success OF
thy mediation al Vienna ana Tor
cur countries and peace ~ Europe
fSlgued)
'srHY DEVOTED NICHOLAS,
IT, this the German emperor re-
Piled
I'm answer to thy appeal TO ms
friendship aud Thy prayer for my
helm. i undertook medinioff action
bstv cen the Austro- Hungarian gov
eminent and thine While this action
vap IA progress. tbs troops were
ntoldlisea against the ais. Austrin.
Hunnarp. Ia consequence 81 which
as / have already Informed thee, nus
mediation WAS rendered nearly illus
orv Netsrthrlets u continued. but +
ann now la possession 1i trustworthy
advlces concerning the var prepare
Tons on my eastern border
my responsibility for the safety
~ nt emplre funpels me TO counter
,,,,.as,irea VI defense In my endpavofs
for the maintenance 81 thc peace Of
fbo world. J have gone TO the cx-
irene limit 81 the possible. Il is not
that shall bear the rcsponsiDiliti
fnf the urfll which now threatens
The civilized world ! lay u 60 ih1
hand 10 avert Il. even at this mo-
"No one meuacos the honor aud
mirht IT Ruasia. which Wen couid
las. etuifeH upon the result 81 ml
mediation. The friendship for thee
and lhy empire bepueaihcd 90 mo y
my rranuiatner on hls deuthbed mas
always been sacred 10 me. und ! nave
remained true 90 kussia wheh II we
ln mNo distress, especially 10 your
Inst war The peace q Europe t'h
yet be conserved ~ th'' II huNsa
utu discontinued her military in'n-
aures. which threaten Germany ana
Austria Hungary
ia destination. the white book saws
~, mobilization ~ al the Russian
forces. which had been ordered oh I
Tho forenoon az the same day ana
Was openly objected against Germany I
was la Fun progress When uhfitrs
regarding thin mobilization teAcnep
Berlin the Gcfman Ambassador az ~. /
peterAbufa. the afternoon "t Juif
81. was ordered ~ declare 10 huHslh /
thar GERMANY az counter measure
mad DECLARED state Of var which !
~. to 10 followed by mobilization /
ahould HuaHa not suspend her miii- +
tarv nlsnfufna inside ~ twelve /
hours
Al the same time the German am +
,..o.,daf ln Paris WAS directed 10 oh /
Mn a declaration from the frenn /
within eighteen hours
whether Ffnnee would remain ncus
tfal In war between Russia and
Germany
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-08-04
WESTERN ROADS
WANT RIGHT To
INCREASE RATES
%, aorn.re .ousr.. srsel.. 10000 v

Washington. Aug. 3.-Increases in
freight rates on all the railroads west
Of the Mississippi river are being pre-
pared for submission to the Interstate
Commerce commission.
The applications of the western
railways for more revenue will be pre-
scented as soon as they can be pre-
pared In the required form.
Managers ~ the western lines. ac-
cording to this information are pre-
pared to contend that they need more
revenues to meet the increasing ex-
penses Of operation and point out
that their lines are in even greater
need of relief than the eastern lines
because of necessarily longer hauls
and less density of population
No intimation has reached the In
terstate Commerce commission of the
percentages OF increases for which the
western railways propose TO ask. The
lines affected extend from the Mis-
sissippi river To the Rocky mountains
territory The roads traversing the
Pacific coast may not be affected.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-08-04
GERMANS CAPTURE
THREE RUSSIAN CITIES

berlin Aug s-rhu German huf-
dor tre0na fr6m iubnit3 slesia TO
day. after short skirmish With
iiusaians, took pesResslon Of Zen
stochoWa. Russian Poland hprd1ia
and kansz. ltussian Poland. also
have been occupied 10y The Germans.
Nzenstochovn Is city of about
so 600 inhtbitania situated on the
riNpr WAothe near the SileaiHn from
tier II Is noted chiefly for its mnnns
lurtures ~ wooden and cotton cloths
aud paper A picture ~ the NiiHln
IN noted convent there attracts
thousands II pilprima annually
Hefdxn Boz coal and zinc minina
center "a has population Of sliEht-
ly OVER g0,uQ0. about half at whpm
are JeNt
kaiiAz "a he capital of the prov
ince al The same mime. II Is the most
westerh ,ts ~ Russian Poland lia
population u 20Uun rs engaged II
AariuHs manufactures
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-08-04
WAR MEASURES IN FORCE
IN FRENCH HEPtBiit

Paris. Aug. s.-1he provincial SEN
aiofs aud deputies are assembling LOT
the converting OF parliament Wednea-
day. ~ showing their personal cafdH
they are permitted to travel In the
military trains.
The government Is granting TO eaeh
adult member of soldiers iamhy
about twcntv-eight cents daily ana
about seventeen cents to each emu
Up TO the present time Paris ~ pc
ing lighted az night as usual but ihla
cannot be continued owing to the hieh
.nf coal Construction work has
ceased. Hundreds Of buildings when
.haa been partially constructed have
becn abandoned for the present, as
has also been the work on the new
UNDERGROUND railroud
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-08-04
PONCE De LEON FAILED;
HIS PRIZE is FOUND

Ponce de Leon, the daring explorer,
searched among the swamps Of Flor
ids for the Fountain of Youth, which
the Indians said would restore power
and make people Young, He did not
find il
Thousands OF chronic intestinal.
bowel and stomach sufferers have
written 90 Geo H. Mayr, 154 Whiting
Nt. Chicago. in quest Of health. They
have found It. His remedy. composed
Of healing vegetable oils from France.
has indeed given them back the health
Of Youth
Why suffer from indigestion. gases
ON the stomach. fainting spells. torpid
liver, constipation and M the evils
.m aisordered stomach when there
Is relief here2 Mayr's Wonderful Sto-
mach Remedy is now sold here by
Butts. Inc. Druggists
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-08-04
DUKE To RETAIN
CANADIAN POST
FOR SOME TIME
Great Britain Regards 1t as
Too PerlIous to Undertake
to Send New Governor Gen.
eraI Just at This Time.

NV MORNING touRNsL SPECIAL lnAato wiHsl
tottawa, Ont, Aug. 3.-The Duke OF
.Connausbts term as governor general
.ol Canoda is likely TO be extended and
the arrival of the Prince of Teck de-
ferred If the hazardous condition Of
Iaftairs 10 Europe continues.
The Duke Of Connaught had ar
ranged to leave early in October and
the prince WAS 10 arrive the day after
the dukes departure With hostile
cruisers on the Atlantic, neither the
Canadian nor the British authorities
would care 10 send the Duke Of Con-
nanghi nor the Prince OF Teck across
clfNnst hing less sure than a first-class
hattleship
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-08-04
STANDARD MAY STOP
PURCHASING OIL

New YORK.. AUGUST 3.--1he STAN
dard on company of New Jersey to-
day issued che following statement.
''rhe standard oil company Of New
Jersey may be compelled on account
of the Interruption Of foreign COM
meree resulting from the war sisua-
ton In Europe To materially curtail
the output al all petroleum pr odn rs.
This sudden loss Of market coupled
with large accumulated stocks as The
finished products now on hand Vii
necessarily limit their ability to pur-
chase crude oil. At the MON m II
II impossible To SAY 20 what extent
aud how long this unfortunate cen
dition Will continue"
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-08-04
WORLD WAITS FOR
BRITISH DECISION
REGARDING WAR
ftontlnued Trofn rare 0neD
e~-~-~-~~~~-~-~-~~@~~~
Redmond was given a great ovation.
Must Protect Iiclgiuu.

After sir Edward Grey hai finished
lis speech the proceedings in the
House fen te dull lrVel A Few la
Dor and liberal paefitisis dcplored
war. notably Jemcs kief 'lardie.
There wis 10 vote Of confidence OF
want Of cunfdencc, the membt1s au-
plrrntiy bch4 uFfeed that The situa=
ton NhH one where developments
should be- awaited.
But the English people clearly are
convinced that their honor and vital
Interests compel them 70 protect Bel
glum and tfantt ana other nations
which are then closest uelghhora.
There was a report tonight that
Holland has been invaded through the
province OF Limhurr The people Of
me paifh kingdom, resolved 90 go TO
uuy extremity are faid tu De- opening
the dykes ana flooding tho country.
which would make the passage oi an
army impossible.
i'aolfl~le Iva Opposition.
When the houfc rtlHoubied. the
foreign secretary made Dol. statement
with respect - Reiflum. These mcm-
bcrs then protested that ihe sccre-
tary had not made uut ease for
war.
Philip ~ Marrcil liberal said
the best that could be said for the
entente after eight years was that il
WAS going To- hand England IN waf
simply because a few German sol
dlefa wanted 60 GROSS Belgium.
The laborltee Joined in the protest.
declaring " was a war made by the
nut hy the people. J.
Kclr HuTdie asked what action was
going ia he taken 10 alleviate the sur
ferinrs of those who would be hard
pressed by Tho Vnr lie said he would
do all he could 10 arouse the Nofkire
men against tho proposals. of the gov
eminent.
Chancellor 81 The Excheqner David
Lloyd George announced that the
had nude arrangements
for war risks Tor ships earfocs ot
which full "details VIII be- given later
The cabinet held session dut-
ing recess and was escorted 90 and
from the house hy cheering crowds
Arthur j. ualfuur. one Of the lead
ers Of the Opposition, ia closing the
debate said lhr speeches Of those
who criticized Sir Edward Gr'y's
speech did not represent even the
Views OF the parties to which the
speaker belonged.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-08-04
ZOO 81 sirnncc AMOR Ann.

You may think 1t strange that 50
mans. people are cured Of stomach
trouble hy Chamberlain Tablets You
would not, however. il YOU should give
them trial. They strengthen and IN
lNlgoratc the stomach and enable 1t to
perform It's functions naturally Mrs.
Rosie Rush. Wabash, Ind. writes.
Nothing did me the least good until
| began using Chamberlain Tablets.
u Is decidedly the hesr medicine for
stomach trouble | have ever used "
For sale by all dealers.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-08-04
DOUBT EXPRESSED AS
TO NAVAL VICTORY


London, Aug. 3-Some doubt has
been thrown upon the report of Ger
man naval victory off Aland islands,
but II Il is true, 1t is an important sue
cess for Germany. for the Islands have
always been considered strategically
as the outer defence OF ST. Petersburg.
A German fleet lying in the secur-
ity of the Aland islands would com
mand the entrance to the gulf of Fin
land where. according to report
which has not been confirmed the
Russian fleet is bottled up The Ger
mans would also thereby command
the sea route to st. Petersburg, Re
vala and Cronstadt, the chief Russian
naval stations.
There is also a possibility that the
appearance of the Germans there
would lead to a Finnish rising against
Russia. while Sweden might Join Ger
many to remove the Russian menace
TO Swedish nationality.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-08-04
No Nayal Engagement.

Berlin. Aug. 3.-The report clrcu-
lated in London today that there had
teen a naval engagement la the
North sea between British and Ger
man waIships is untrue.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-08-04

kansaa CITY Mo. Aug. With
more ihnn 10000 persons ia attenr
dance thr puhuc opening session Of
the seventeenth annual meeting Of
the Grand Aetie az the Fratffual ers
der II ilagies was called 20 order here
tonight
Representative Of number Of
Aefies commenced campaigns ureing
that the 1915 session Be held IN their
cities.
Among the cities mentioned most
frequently was Oakland. Calf
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-08-04
King George and Queen Mary
Are Cheered Repeatedly and
Public Men Are Greeted
With 0vatioDs,
ENGLISH AND FRENCH
IN DEMONSTRATION
Thousands Wave Flags as
They March Through Prin-
cipaI Streets of City and
Sing Patriotic Songs.


London Aug. 3.~The first outbreak
Of patriotic enthusiasm since The pos
slbiiitt arose Of England becoming In
Volyed in the war, occurred in London
tonight Crowds of IsngliHhmcn and
Frcnehmen marched through the
streets IN the west end. waving flags
ana singing the national anthems.
When they reached buckingham pail
ace 10 response to great outbufsl Of
cheering, the king. queen and Princess
Mary appeared on the balcony and
lowed acknowledgements Of the dem
OnslraiiOn of loyalty.
This ala not autisfy the crowds
which chanted we want King
George 10 the tune OF the Vest
minister Chimes" and sang Rule Brit
tanp. This finally brought the king
and queen cut again They were a.
rOmpanied by the Prince OF Wales and
received another noisy greeting. The
denomination lasted several minutes
and for long time after the royalties
retired the people continued to sing
patriotic songs.
King aud Queen Checred.
King George and queen Mary we're
also heartily cheefed when they
drove in the parks ia the afternoon
and great crowds remained for hours
around the palace. the house of par
lament and Downing street
The people generally were undem-
ouslratiNe, apparently being more cur
ions than excited Occasionally there
was cheering as some cabinet minister
was seen leaving his office for the
house of commons, or on his return
4
at the palace gates were changed. but
ON the whole, Londoners preferred To
spend tho holiday IN their usual quiet
manner
People Become Excited.
Az evening drew on, however, and
anxiety increased. as 20 tae attitude
the government intended 10 adopt, the
people became more excited Winston
Spencer Churchill. as he walked from
the admiralty go the commons was
erected with cries Of Good old
Winston
Premier Asquith was greeted In
similar manner and was escorted from
his hatne TO the precincts Of the house
hy a cheering crowd and other niefn-
hers Of the cabinet as Wen as rien.-
bers Of the house received Il cheer as
thnv uasead 5ntn the hiatort. hutt4ipe
"a h.ar what rnolana Intended ~ do
In the hour If her crisis
Ovation for Redmond.
JYhh iN'uhohu' me llish hatlohal-
iAi it'a'Ii came ln lot spiehdld re-
t'l,iian hS ne itlt me mousse. the news
w ms speech III Wpleh ne said every
suinltl 'ould pe Mithaf"Wh from ire
i"hds h"n ptte'atd NM
Field Marshal Lord Roberts the
Marquis of Lansd0wne ana Andrew
Bonar Law, leader OF the opposition
who visited the prime minister in
Downing street soon were surrounded
by a great crowd which followed and
cheefed them but the ambassadors,
including the German representative.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-08-04
Doctor
Speaks Out
to Coffee Drinkers

The Boston Ad,crtisr of June IS 1914, quotes Dr.
d II. Kress of Chicago in address saying that tea
coffee and cause deaths than alcohol.
"Ihese table beverages sapping the life of
nation They making race OF weak
kdneycd, weallnered beings, unable TO repro
duce ourselves The kidneys and liver do not
perform their proper functions, and the waste mat
ter left in the system tends to bring on artero-
scerosis.
Statistics show conclusively that the
sumption of coffee tea and have increased
the number of diseases and insanity have
increased proportonately
This strong statement from medical authority
not be lightly disregarded.
It is easy TO prove in ones own case whether coffee
is the of frequent spells of nervousness Indigestion
biousness liver complaint headache heart disturbance and
other ills
Quit coffee 10 days and in its place use
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-08-04
Mystery shrouds Liner.

Mystery shrouded the liner > prepa-
rations for departure and her actual
sailing. on her forward deck, she
carried large box, big enough to
contain a naval gun of considerable
power. The vessel was constructed
for possible use as German naval
reserve unit in case Of an emergency
and her build Is strong enough 70
sand the strain Of firing a gun such
as the case might have contained. The
German Lloyd officials denied, now
ever. the vessel had been secretly fit
ted out for fighting purposes. The
box on deck WAS declared TO contain
an extra crank shaft. The ship was
So fully loaded that coal showed above
matches and she settled three feet
deeper into the water than when ordi-
nafily laden. She can travel at TWEEN
fy-ftte knots an hour.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-08-04
KAISER S STEAMER
SILENTLY SLIPS
OUT Of HARb0R
Kronprinz Wilhelm Leaves
New York Suddenly, Carry
ing Cargo Of Coal and No
Passengers,

lhf hoNhiNo JOURNAL sFtelhN ltehtp "tEsl
New York. Aug. 3.--slipping quietly
out OF port tonight. her superstrueture
painted gray, with 5000 tons of coal
and no passengers on board, the Ger
man liner Kronprinz Wilhelm. may
be carrying fuel to a cruiser not far
outside Sandy Hook. II is known the
wireless staten at Sayville. l.. l., has
been working with a German war vcs-
sci. probably not many miles oil
shore and said to be the cruiser karls-
ruhe.
As required by maritime regula-
tions, the kronprinz Wilhelm took out
clearance papers, ostensibly Tor Bre-
men. and IL was intimated in quarters
supposed to be well informed that she
would cndeavor to make that port by
taking a northerly route and passing
around the northerly end of Scotland.
What she might really do after pass
ing out of the harbor, however, Was a
question for her commander to deter
mine after he had read his orders,
which, according to Interpretation OF
port officials at the steamship pier,
we're TO be opened after she had pass
ad SANDY Hook