davidaulloa/AmericanStories huggingface dataset:
Omaha daily bee., 1914-11-18
Grain Receipts on
Omaha Mart Light,
but Prices Are Firm

Grain receipts on the Omaha market
We're not heavy, but prices were firm and
all offerings in good demand There were
fifty-nine cars of wheat. twenty-eight of
corn and twenty Of oats Wheat prices
ruled from $1.o4 to s1o6h and corn from
60 to 61h cents per bushel.
Durum wheat continued strong and at
a premium over the winter variety, the
prices ranging from Silly to $,121s. There
were five carloads on sale.
Omaha daily bee., 1914-11-18
ANIMAL OWNERS MUST FIX
BARNS FOR THE WINTER

Hans Nielsen. humane officer states
that all citisens who have not fixed up
the sheds and barns which house their
animals and have not provided blankets
for their horses by next week. will re-
Iceive an official visit from him. Hans,
now that cold weather is coming on. in
tends to make house to house canvass
to see that all animals are cared for in
a proper manner.
Omaha daily bee., 1914-11-18
SOUTH OMAHA LAD MAY
DIE FROM HIS INJURIES

Walter Korisko, ls-year-old son OF Alots
Korisko. South Omaha undertaken. Will
die as the result OF the injuries sustained
Sunday afternoon when RalstSn east
bound car ran into his buggy at Thirty
sixth and = streets. Korisko and hts
father were directing a funeral. when
the Ralston car came down the hill.
striking the buggy in which the two were
seated Young Korisko suffered a frac-
tule OF the ribs and injuries to his head.
Omaha daily bee., 1914-11-18
FOUR HUNTERS CHARGED
WITH LAW VIOLATIONS

-Four hunters. charged with violation
Of the federal law prohibiting hunting
after sunset. will be given hearings be-
fore United States Commissioner Daniel
Friday, The accused are Frank Trio.
1894 North Sixteenth street; Cross BELTS,
s07 South Sixth street Robert Grayson,
Ells's saloon. and Arnold lager, a Local
broker. r. C. Higgins, federal inspector
will testify against the shooters
Omaha daily bee., 1914-11-18

time Of publishing tho proposed tariff.
October g, the understanding, with the
grain men was that II the advance was
Uniform from ell markets. there would
be no protest. Grain men assert that
there was no reason for the belief, and
that they never intlmated that they
would not protest the proposed increase.
Omaha daily bee., 1914-11-18
|ii57ASd@!SA

acquire. II they catch cold. consti-
patton adds an element OF dim
Guilty. II they have an attack OF
the grip. their old enemy consti-
patton may appear.
The laxative element IN Peruna,
together with its tonic qualities,
makes II a splendid remedy in all
such conditions.
Those who object TO liquid msdi.
elnos can now pressure Psruna
Tahlsts.
Omaha daily bee., 1914-11-18

There are very Few OF thee
remedies that possess enough real
merit to insure them long life.
Peruna has always been a good
seller with us. with q marked In
crease from year 10 year. The
change I'm the formula some years
aEO. by the addition OF the slightly
laxative properties, has made 81 a
reliable remedy for constipation
Omaha daily bee., 1914-11-18
When the System is aIIrun down

spoonful doses by adults Il will
break up the worst cold IN two or
three days time. take pleasure
In urging my brother druggists to
recommend IL for these two all
mentE."
A vast number OF people are
Omaha daily bee., 1914-11-18

aids digestion. Electric Bitters will in
crease youra appetite. help digest your
food and tone up your system. 50c and 81.
All druggists.-Advertisemeht
Omaha daily bee., 1914-11-18

troubled with
|habitual consti-
patton. which IL
likely 20 cotnpii-
cate any little
allment they may
Omaha daily bee., 1914-11-18
Time HonOred Peruna
Is the Remedy.

Mr.. l. A. Richardson. Marine.
Illinois, writes; II have been en-
gagged in the retail drug business
here for the past forty years.
During this time have seen many
Omaha daily bee., 1914-11-18

come into use.
flourish for one
or two years
and then grad
uAlly disappear
Omaha daily bee., 1914-11-18
Goodness. for the Table

is spread Observation-Disclosures.
Produced by Miss Petty, with Misses
Gaines, Hughes McLyman and
Messrs. Fadden, Kessler and Mangan
in the characters.
Omaha daily bee., 1914-11-18
BOYD SCHOOL TO GIVE
PROGRAM THURSDAY

A program will be given by the Boyd
School OF Expression, with the Omaha
Conservatory OF Fine Arts, in the Metro
politan building. 2S01 Harvey street,
Thursday afternoon at 4:15 o'clock. The
program will be as follows:
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1914-05-28

lung ser 0iomanteu %roouftion in
0euti6 Sitairifo miro Oos CLAM
5euoiie @rognoitifon geIteIt
Sa9rbunOertfeier Ser
@or0eib iiben.
Sn 9idterfeloe bei Berlin Der
@orniion Oes @oroeidiiben 9otoil-
Ions unO Dem Sit Der 6nupt&aoet-
tenouitolt, bat 6eute Die 6eicr OeS
1OO.id6rigen 9cite5cnS 0eS in ser
3eit Oes 9fingcnS gegeu Oen fron5oii-
iben Gro6ercr geItiiteteu @arOei6ii-
ben 9ataiQonS 6egonnen. @uns
Ocrte altgeoieuter WorOei6iiben iino
5ur Subelfeier i5reS 9ataiuonS ber-
beigeitr0nit OeritGrft olrG gl6er-
6unoerte bon @diten ioOaB iicb Die
E6eilne6mer5obl al Ocn belItigen
Sportfeiten, peltbe OoS &oripiel 5it
Dem morgigen @oupttog Der Gentcns
norieier bilOen, auf 5000 belief.
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1914-05-28
@liIitar bei sriniOaN bcldplien.

Erini0oo. @ul., n. M3oi.
3im criieu 0ol ieitoem 9unoeS.aa-
panerie Die 5trite.Diitrifte BON 60
lora0o controlirt, iii auf OieIelbe &C.
idolien moroen. Dies geI@a6 All ei-
nem @ergwerfloger bel Segunoo, IN
flr3er gntfernmg BON bier IS mnr.
oen 20 5diiIie aui cine @otrouiQe
abgegeber Gie aopaleriiien iaben,
wie Elm @2aun, oer in elmer @rnbe
oeriicdt mar, oopon lief fonnten i'm
cher nidt iaiieu.
EBERT 2odett, ser oie 9unoestrup.
pen conumanoirt iprad iid ni1t iiber
Den 8orioa aus. ST. duBcrte ii9, er
iei nit Der eriudalmg elmer i6m BON
g9. Giamon6 bon oen @ereilligten
@ru6enarbeitcru aeuoroene Diittbei-
nug bci6dftigt oaB oitIide Srgaui-
iatorcn nod Colorado oe6rad6t mir.
oen Inn Sen Strife ST oirigiren ino
er iei iid nod uidt oariiber i6liiiiig,
o6 cr oieielbcn in 0en Giiiritt 5ulai'
fen meroe o0er riht.
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1914-05-28
giudefelIer's Steitern.

GolumbuS, 81, 27. Wfai
g9ie Oie itaatli6e Stener-Gomniiiion
bier betannt CAB, ua9Oem lie iib mlf
telepboniirbein @ege nit Ben Ci-
iiriftSs 9liieiioren bon Gupaboga.Go.
in 9erbinolmg oeiebt bate, 6etrdat
Oas perioulide @igent6un, aui mel-
DIES Sobu 9, Godcieaer sur @eiieu-
erimg in Gbio berauge5ogen perOen
miro, $3tt.226,347 uo Oopon cnt-
iallen auf nStanonro Gil"-2lfticn
$3.50, 100000. Bon oieiem 9etrage
,ioa nibt ein Tollar in eiaem anOercn
Staat SIR 9eiteuerrng berange5ogcn
iein, lnO man erpartet 0ober, OaB
@err 9lodefeller i'm Staate Gbio lei.
ner Steuerpfli6t uadfommen miro.
3u So pro $1,000 bere1uet, miiroen
iid Srn. 9lodeieQer's Steuern mlf
$t556,131 itellcn feline 9hnudIte err
fldren abcr, er babe IN gteD.9ort
$5,000,000 entridtet, rmO 5u Oieiem
9ctrage ioatc er Oaber in S6io be-
ireit iein.
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1914-05-28
N}idlt ncrnn6t.

5au 6rancfsco Sal, ~
0loi. 0ie beioeu Gobter oes bic
iideu hineiiibeu @eneralfonlulS
S1an Gbing S6lL I'M 9llter bon To-,
rcip s Sa6reu ite6en0, mclde geiteru
ans i6rcm Seim peridulmoen wa-
rem mo bon Oenen man glau6te, Dab
iie geraubt Doroen pGrcn, purOeu
beite in ben @erfeleD SiaS in einen
trodenen 6hiBbett frieolid idIum.
merno geiuuoen Gie beioeu iunget
0ldoden marcn in OoS @ebirge ge-
gangcit, Inn 9lumen 3lt pfliideI lm0
6attcn babel ibren gSeg Derloren Die
6aHilie oeS aoniuls mar am leBten
SanlItog aus ibrer biS6crigeu Sotel-
wobmnig IN Elm 2QnObauS in Dem
&ororte 9crfcIep iibergeiie0clt. Ger
@eucralfoniul mar 9lniongs 0}ai bon
gtagaiafi bier aui ieucm ueucu go
item eirgetrofien.
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1914-05-28

2uincD. @2oIi., 27. @}ai. Der
itdblerne Sdroibeuoonpicr n9ltlan.
tier oos critic bier fir ben allan.
tiid. .pacifiid1cn @erfe6r pia Banana.
aonoI gebonte S1iff wuroe bier
acltern BON 5tapcl aeloiieu. Das
Sdiff Bat MIR eii Qed mo ioIl fir
sronsport BON 9oiboI5 ooer aIlgc.
meiner 5ra6t beuiibt peroen. IS
iit 405 luB lang uuo miro boIo in
Der o4ociiic" Gin 5dpeitcridiff a..
bclten
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1914-05-28

itrc6t 0cu gci6luB ser 2ouooner
Gouicreu5 biuiibtlib Der llnab5dn-
gigfeit 9l6anienS 5ur Gurdfii5rlng
SIT 6ringen.
Marquis 81 Can @huliano iubr in
ieinen 9lusfi6ruugeu fort, OaB Sta
lien mo Geiicrreidl. .llngarn oIles in
i6reu arditcu Ste6enOe t5un mir.
Oeu, Inn elmer beipaiineten SnterDen-
tion in 9ll6anien por5u6eugen, ino
oaB iie mlr 3u germ Die bon Sen Dor
Guro55o liegeuoen &riegsitbiiien &c.
Ionoeteu Gruppeu 5uriid5ieben mir
0en. SoQte es o6er not6menOig er-
iheinen, 10 lp1ren beiOe Nidc9tc fir
cine SnterDentiou oler europdiiben
@ldcbte ruO 2fboronung elmer 9l6t6ei-
hing Der sur 3eit in Scutori itatio-
nirien internotionolen Eruppen
Mile Soffuung unfge0e-
b. en-.
2on0on, 27. N}ai. ~ Gie britt.
idle 9lomiralitdt cob geitern befonnt
OoB iie Die 9lodiori6ungcu naG Dem
Ocri6oacnei 6lieger @uitaDe Samel
ais ausiicbtlos oufgege6en babe, lmO
5oIlte Dem fii6neu 2uftidiifer foIgcn
ben Gribut:
nGr mar o6ne 6rage in oen Ser
cinigteu &0nigrciAcu ser 6coetteuo-
lte Gertreter Der 8unit Oeren nili-
tdrilde 9eOeutllug ltetig mdhlt"
2 tron0 pro N en- 3 c 5er-
it0rt.
9i55a 5iioironfreid, q. N}ai.
Cur9 Die Oom Shlrm oufgepeiti6-
ten @ogcn DurOe sic 6crii6mte gro-
meuaOe 0cs 9lngloiS.- Die iid ldngS
Der &iiitc biu5ie5t, fait politduOig
5erit6rt. Ser llnterbau muroe fort.
geipiilt mo eiu S6oocu bon $4,000
ougeri6tet. 3a6lreicbe Do6ten mO
Wlotorboote gingen I'M Shrnt uuter
ODER wurOeu gegen Die &iiite ge-
idleuoert an Der iic 5eri9elten.
Som Stopel gclaiien
@oiport. @nglon0, 27 @fai.-
Gle 9lcnniod5t Cir 2ipton's. ,S6onl-
rod Sierter" sic Sen aampf tim oen
9lmerifube9er oufne6meu miro, lief
beute bonn Stopel unO mur0e BON
Der @rdfm Sboftcs6urD getouit
Nlit Dem @lodeniblag 5p0li llbr
gIitt sic ga1t ms 9oiier. Ser tleine
SAiffsbauort mar nit 6ritii6en imO
aneritaniit6en 6laggen reid oefo-
rirt, 5mii@en Oencu man oiclfob Die
gelbe, nit einem griinen Glee6lott
ais W}ittelitiid ge3iertc Slagge 0es
Sf0nigli6cu lllitcr Yobiflu6S crblid-
te. gluc eriAiencnen Yerioncn trlt-
gen S6omrod I'M Gnopilod 9lud
Die Gomcn batten icb oomit ge-
ihmiidt.
Gie olf ser 9ibeoe liegen0en britt
iden &ric0si6iife fciertcn duldBIiA
oeS @eburtstaaes Oer &6nigin @larD
cinen G6reniohlt a6, ais bic Ya6t
bonn Stapel lieL mo Die bieocren
Grts6eipo6Her biclten oieleu Solut
fir cine G6renbc5eugimg fiir oic
9a6t .56onrod A.
9lls sic @dite Cir 9iptonS woreu
cine 9lu5abl BON Do6tfemern 5uge
gen, oic iiA ii6er Die 9lusii6teu, Die
Die neue Ya1t in Dem beporite6en.
oen @ettfampf boben miro, 6o6it
opiimiitiib anSiprod6en. @rbaucr
ocr 9odt lit Charles 6. 9lidolion
Ser Saiiieier folgte ein @obeliriib-
Itiid Ger omerifouiiAe 9otiGaitcr,
@oIter SineS @ooe, bate tele0ro-
p6iiH iein 9cooucrn auSgeOriidt, ser
6eitIidfeii nidt behuo6nen 5u t6n-
uen.
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1914-05-28
Ginwribnng
'8es aFaO. OrMncmaIOs
5pOrtpIates.
t9aiIeryaar ais @brcm9aItc
aniueiemD.

Ser5oa 0un 5obicu.aOburs. @otba
pobnt ebeniolIs Der eroffnuns
bel surneriide @orfiibrun.
ecu Der 5tuoentcn. Ger Sport
il Der Oeutiden Stuoentcnidoft.
9Iufruf Der @erIiner u@ermo.
MD" fiir'S 9sau gorfer Geo.
&aus.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-09-07
MEXICAN AGRARIANS MEET
Carranza Calls Mass Meetings
in Preparation for Convention.
[ From m Trlbune Bureau. B

Washington, Sept Ga national
convention to draft a platform of
agrarian reforms will be held in Mex
leo City within the next sixty days, ac-
cording to an announcement made by
the Constituencies agency here to-
night. The platform adopted by the
convention will have the backing of the
administration, it is predicted, at the
first session of the Mexican Congress
that will follow the general elections.
General Carrsnza is insisting on the
solution of this most perpleXing Of the
problems confronting the new regime.
Following his suggestion to the Gov
ernors of the various states in the
union that they hold mass meetings
and organize committees to study local
land conditions, hundreds Of gatherings
have been held, and the resultant eX-
preston Of opinion forwarded TO the
state and central government.
The agency also states that Ameri-
can banking interests have been sound
ing the new administration rs to the
amount and character of national
loan that the country will need TO re-
habilitate itself. Nothing definite has
been proposed or suggested on either
side, but it is known that the new gov
eminent will have little difficulty in OBJ
tanning funds.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-09-07
OLD MAIL PAYMENT
PLAN HELD SOUND
Representatives of 2lS ROADS
Ready to Cooperate with
Bourne Committee.

Accounting the views Of the Joint Con-
oressional Committee on Railway Mall
Paw on the main question Of fact as 70
compensation, the Committee on Rail
way Mail Pay, representing 2lS rail
roads, authorizes a statement that IN
cludes the following:
1.-THE specific plan proposed by the
Rourne committee for hereafter meet
ing the underpayment due the com
panies is open to question. The feel
inc Of the railroad managers is that
the present system of payment, oaSed
IN the weight of the mail and the DIS
tances over which it is carried, is sci
entitic. and that, if fairly administered,
il should be satisfactory. 1t actually
measures and provides payment Tor
the actual service performed. The pro-
posed plan does not. ,.,
"That. however, is a technical mat
ter. The Bourne committee has estab-
Iished the doctrine that the railroads
should be compensated on a CONNER
cial basis for the services they render
ThC Railroad Committee is now pre-
nared TO cooperate with Congress IN
establishing detailed standards OF pay
rnent which should place this purely
commercial relation Of the government
and the railways upon SOUND Dusi-
ness basis"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-09-07
HARBoR BILL OPPOSED
Wisconsin Delegation to Fight
for Governmental Economy.
TFrom The Tribune Bureau. ]

Washington, Sept ga protest
against the enactment of the river and
harbor bill will be made by Senator
Kenyon and Representative Frear, OF
Wisconsin, who will introduce in both
houses of Congress on Tuesday a reso-
luton calling for the appointment OF
a Congressional commission to recon-
mend the curtailment of government
expenditures.
The resolution recites that the Dem
ccratic platform condemns the profit
gate waste of money, that the river
and harbor bill calls for the sppropria-
ton in the aggregate of s5,000,000 and
that there is now $45,000,000 available
for river and harbor work.
1.-THE people Of this country" the
resolution continues, "are both intelli-
gent and patriotic. They know and
understand and will be intolerant only
with those who dodge responsibility
and are not frank with them. The
right way to reduce expenses is to
economic, and frankness imposes upon
Congress at this time the duty to cut
down wasteful and needless sppropria.
tions and avoid the war tax Of $780,,
100000"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-09-07
FAR EAST TRADE
LOOKS TO AMERICA
Fair Exhibits To Be Increased
as Means of Closer Relations
with the United States.

Encouraging reports of prospects for
the foreign EXHIBITS at the Panama Pa
cifc Exposition are brought by the for
eign trade commission of the Interna-
tional Association of Manufacturers
that returned to-day from trade pro-
noting tour Of the Orient and Austral-
asia. The members of the commission
are DR.. Albert A. Snowden, of 30
Church ST.; John Kirby, jr., oSgDayton,
Ohio, and David NJ. Parry, of Indian
spolis.
"The number of visitors and exhibits
coming to the Panama-Pacihc EXPOSE
ton will surprise the American people,
said DR.. Snowden.
"Australasisn and Oriental exhibits
will express the concern Of our Eastern
heighbors Immediately to re-establish
/ the worlds demoralized commerce, -
says the report of the commission "The
war will increase the transpacifc
/ travel, for our own tourists, after see
| ing the exposition, in many cases, will
/ go to the Orient and Philippines. The
Australssians will find it convenient to
visit America at this time, when travel
to Europe is unsatisfactory"
/ The Australasians, the commission
! points out, are beginning to realize that
they will benefit nightly through the
/ Panama Canal. New alignments OF
trade routes are taking place, and new
markets for primary products, such as
meat and wool, are being found in
America, since our importation of these
goods is constantly increasing. Woo
/ that America has been buying for years
/ from Australia and New Zealand, via
/ London and Bradford markets, will nov
/ be shipped direct to American ports
/ the commission pointed out.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-09-07
FINE PRINT CLOTH
BUSINESS BRISK
Supply from Europe Cut Off,
Users Submit Tempting
Orders to Mills.

Fall River, Sept 6.-The duluess
which has characterized the print cloth
markets of New England and New York
for the past several weeks was in evil
dence last week. With only moderate
demand for cotton cloth, prices slumped
TO some extent, and requests for con-
cesSions were numerous and effective.
Millmen do not wish TO see their goods
pile up in the storehouse, and there
fore they are willing to sccede to the
requests Of buyers in some cases for
lower prices.
On the basis of to-day's prices and
the price paid for cotton some three
months ago, buyers are certainly secur-
ing bargains when they buy goods at
this time. Some OF the cloth which
has been sold during the past few
weeks has been manufactured from cot
ton which cost in the mills, in many
cases, around 10 cents a pound. Dur
ing the past week, cotton such as is
used by print cloth mills here was sold
around 8 cents pound, a remarkably
low figure.
1t can be readily seen that some mills
are actually losing money when they
sell their goods at current prices. Thus
far, the war in Europe has not helped
the print cloth market to an appreci-
able extent. Mills here do not wish to
add to their present curtailment, be-
cause they wish to be in a position to
take on as much business as they can
through the demand which is hoped will
develop because Of the war.
For the moment, buyers are inter
csted in wide and medium wide goods,
but their total takings are by no means
large. On the other hand, fine goods
mills report a comfortable amount o.
business; they are not unusually busy,
but the volume of business which has
been done during the past four weeks
is much greater than that executed for
a long period before the European war.
Some Of the largest users OF fine
goods in New York, Boston, Philadel-
phia and other cities have submitted
some tempting orders to the mills OF
Fall River and New Bedford With the
OF Europe entirely cut off,
American users of foreign goods are
IN sore need Of goods.
Quotations: 28-inch, 64x64, 2Ssc, nom
inal: 28-inch. 64x60, 3Ac, nominal; 81
inch. 64x60, sac, nominal; 27-inch, BOX
So. . i3-l6c; 27-inch, 56x52, 2Ssc; 3Sl2-
inch, 64x64, 4atc, nominal; 39-inch, 6ox
~, 5+sc, nominal
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-09-07

everywhere, but superhuman efforts are
needed 10 establish them within rea'
sonable time. II we do not do THIS we
shall also have TO buy raw materials lor
cash at very great inconVenlenets'
n VIC do 80 we shall have selhshly set
tied the one side of the questioh--ou'
convenience.
1--WE also must create credit for other
countries, having in mind that what we
would give them Is not money, pu'
goods, and that the money would re-
main In the country. -. I,
Manufacturers will sell on credit II
banks will finance their drafts cor &C
counts), and il they will take 1ttle
care of their interests in foreign coun-
tries. Ranks carrying large quantities
of foreign drafts, still unpaid, all over
the world may not be willing to go lur-
ther into the business. But there arc
other banks, and there is ultimately
tho American government. which can
lust as we'll back banks, create Danks
or guarantee drafts Gas the BRUSH
government has doneD, as 1t has beeh
prepared 10 buy ships which private
capital could not or would not buy.
tIf the guarantee of the British gov
crnment. which owes more than Sloo
head of population, is good, the guar
antee Of the American government.
which owes less than $40 a head OF
nopulation, is better, and II is not a
question Of billions Of dollars Govern
ment Interference is not bit desira-
bic in business, and the more business
is left alone the better off it is. But
under these circumstances 1t cannot be
helped. and it is desirable. Without
such help all our dreams Of grandeur
will become smoke"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-09-07
Gonzales Calls Trade Elk.
tension Futile Without
Confidence Basis.
URGES GOVERNMENT
TO ASSIST BUSINESS
Asserts Country Is Much Better
Able than England To Be
Worlds Banker.

Asserting that there was no such
thing as cash to be had anywhere -
that II was boarded under lock and Key
simply as guarsntee-V. Gonzales
banking expert of the National Asso-
citation Of Manufacturers, said yester'
day that it would be practically impos'
sible to extend trade until the United
States built up an international credit
system to take care of ii.
Mr.. Gonzales suggests that the
American government help in the de-
velopment of credit system by back
ing and creating banks and guarantee
ing drafts, and he gives figures 10
show that this country is in much bet
ter shape to perform such acts than
England, which has heretofore been
the .mainstay of our international
credit system.
Mr.. Gonzales says:
London was the worlds money
market. Every bank in every country
was proud of carrying balances with
London banks This is how London
had such an enormous amount OF
money to lend to the whole world-and
the worlds own money, too. The first
shot in the European confagration
closed those powerful banks for a
week, and the British Parliament
granted them a moratorium of thirty
days In this way not only large
amounts of money of the banks Of the
world became tied up, but no more
could London lend to the world the
worlds own money.
Local banks everywhere have be-
come disabled for time, and they can
neither dispose of their own money
nor dispose of the credit they were
granted by those London banks, and
which was utilized everywhere to move
the trade on credit. We bought on
credit. Products from all over the
world were imported on letters of
credit issued by American or foreign
banks to draw on London. London
banks were paid by the American
banks with drafts drawn here against
our exports. These drafts ultimately
were paid by buyers Of our exports
with cash created after some other
credit transaction had been performed.
The credit OF TINS country is prac-
tically intact, and it should be used to
maintain whatever portion of the
worlds trade can exist. Banks are per
mittcd to accept drafts to-day, and al
though at this moment there is no
open market to rediscount such pa
rer it can be created. Other banks
(including the new Federal Reserve
banks can discount il at first, and
then the public will come by itself
ut is true that our direct banking re-
lations abroad are very few, as we
used always agencies of foreign banks