davidaulloa/AmericanStories huggingface dataset:
Western Carolina Democrat and French Broad hustler. [volume] (Hendersonville, N.C.) 1913-1915, 1915-02-25
President Taft, but both times failed
of r~epassage.
Can be Repassed.


Can be Repassed.
Senate leaders insist there would be
no trouble in ~repassing the bill in the
upper house. That was done in the
Taft administration, but the lower
house failed to muster a two thirds
majority.
In his veto message President Will
son told the house, which originated
the bill, that he had no pride of opin-
ion on the question and that he twas
not foolish enough to profess to know
the wishes and ideals Of America bet
ter than the body Of her chosen repre-
sentatives know them" He asked.
however, whether the bill rested upon
the conscious and universal assent and
desire of the American people, and
pointed out that no political party ever
had "aVowed a policy Of restriction in
this fundamental matter, gone to the
country on it and been commissioned
to control it's legislation"
Western Carolina Democrat and French Broad hustler. [volume] (Hendersonville, N.C.) 1913-1915, 1915-02-25
MoREHEAD FOR SEWERS.

Morehead City is to be a clean city.
Nothing else will suffice. Recently
she voted unanimously $40, 700 bonds
for the purpose of installing a sani-
tary sewer system. The work is to
begin at nee and viii be in the hands
of sanitary engineers.
Western Carolina Democrat and French Broad hustler. [volume] (Hendersonville, N.C.) 1913-1915, 1915-02-25
TAX RATE REMAINS INTACT

Raleigh, N. c., Jan W After two
hours conference this evening the
joint finance committee reached the
definite conclusion to have the usual
quadrernial -reassessment of all prop
erty in the State as scheduled this
year and to recommend the r~eadoption
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-01
M. RUMELY COMPANY-PREFERRED STOCK

NJ. RUMELY C0MPANY-PREFERRED STOCK
appointment NJ
1916 holders Of large Of the preferred stock Of said
Of preferred stockholders Of said Company
appointed Depository
VIII deposited m endorsed in ank be
must either
holder
of
proxies mi be obtained from the Depository.
Of will in
the Dpoary Stockholders
without delay the situation calls for
action. New York, February L. 1915
THE NEW YORK TRUST COMPANY MORTIMER " BUOKNER
a.. Depostar9' Pres he New OF co.
B
w cor edo
q.
all commun
c. e. HAYDOCK,
Stre St. Louis
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-01
FINANCIAL REVIEW
OF THE PAST WEEK
Wall street Finds Reasons for
Some Modification Of IT'S
Bullish Progress.
4 SALUTARY HALT CALLED

Events which furnished plenty Of the
proverbial food for reflection were not
lacking in last weeks economic chron-
icle On the contrary the banking and
business community had plenty of
things to think about ranging from de-
velopments abroad to happenings at
home.
In Europe the belligerents seemed to
he preparing for military operations on
a more devastating scale. Whether the
portents OF war signify that there IL
any likelihood Of bringing issues to n
conclusion in the course Of a few months
is a debated question, but there has been
a noticeable subsistence OF attention to
the Italian earthquake and return
to the discussion OF activities that sus-
gest Italy's and Rumania's entrance into
the conflict against Germany and her
weakening allies. Germany's action in
taking charge OF the empires food sup
piles Enthusiastically points to the des-
perate character OF the contest In which
economic weapons are being as eff
ciently employed as airships and sub
marines
Financial strain will certainly not
diminish as such a war goes on. nor
will commercial hardships be lessened.
These are considerations which have to
Ia kept in mind while proper regard
Is paid TO the opportunities that the war
brings TO us, but II still remains true
that except as special reasons may af-
feet American enterprises European in
vestors are reluctant to sell our securi-
ties. and orders to purchase American
stocks and bonds have been coming
from Europe simultaneously with or
ders TO sell. although the balance has
been and will be largely on the selling
side
For the rest foreign nations have long
been aware OF the enormous financial
and commercial power latent in tho
United states. "A power OF which we are
becoming Increasingly conscious as a
result OF the opportunity to exercise II
through new facilities which render our
resources OF wealth more available than
they have ever been before. Every
country H. anxious in this time OF ten
sion to gain and keep American good
will and access 10 American markets
~ all sorts. an access which will be
availed or as we are able to furnish
the financial assistance that our for
eign customers will require. only blum
ders which We ourselves commit will
deprive us Of the economic advantage.
accruing to US In the European war
hut this is not the same thing as saying
that oun prospect for a recovery OF pros
perity can be realized in a hurry.
Political hlunders in the international
field are not the only blunders that car
get us into trouble. Reckless impa-
thence on the part OF bankers and bust
ness men to anticipate trade, industrial
and financial Improvement is not war
ranted. II the structure OF economic
activities which we set out to raise dur.
I ing the war is only Jerry built ram
shlckle affair II can come suddenly
crashing down about our ears.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-01
Conn,ctinx stock Market Views.

In the wall Street market, where all
the actions and reactions OF factors
Of value are summed up. there were re-
vealed early In the week some symptoms
OF a two sided sentiment respecting tho
probability OF an unchecked continue
ton OF the forward movement OF prices
which has been prophetic OF brighter
days for the American people. Before
the week end break II was apparent that
financial and business opinion as re-
fiected in the stock market, while pre-
vailingly optimistic. was not without
qualifications The Steel dividend sus-
pension checked an excessive tendency
on the part OF the stock market COM
munity to indulge In delusionr. The
general price readjustment called for by
the settlement OF the steel issues to a
lower level emphasized the maxim of
Wall Street experience that rising mar
ket made up chiefly OF specialties is sub
ject TO swift reversals of form, and other
considerations were adduced that could
hardly fall TO have a salutary in1u-
ence.
II was more clearly recognized that a
good deal OF recovery had been made by
the stock market which had qnore than
discounted the measure OF actual inn
provement in general business likely to
be achieved during the winter Gains in
quoted values had ranged from ten
points for standard shares to nifty points
FOR speclalties. and the traditional course
OF markets I'm January suggested the
probability Of a substantial reactionary
interruption before the end OF the month
or in February. Moreover, this Is still
| "A post-panic stock market and there II
precedent for n setback after the hrst
pronounced rebound from panic dspres-
sion.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-01
MUTUAL LIFE REPORTS.
: Substantial Increase In Business
shown DARING Last Year.
The Mutual Life Insurance Company

The Mutual Life Insurance Company
reports a substantial increase in bust
ness for the last year over 1878, The
paid to policyholders and their
benefciaries in death claims, endow-
ments, dividends. &c, during 1914 S6s,-
032,sO9,5s, an increase OF S5,274,sl7,Os
over payments in 1918, The amount re-
ceived directly from policyholders was
SlO,6l2,s72.7O more last year than in the
previous year. The total insurance in
force was 2,574,iss.
Since the company began business
seventy-two years ago 1t has paid
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-01

The United States Mortgage ana Trust
Company will receive proposals for the
purchase Of first MORTGAGE AZ per cent.
bonds of the Consolidated Coal Company
and first mortgage 8 per cent, bonds of
the Fairmont Coal Company up TO IL
o'clock noon, Wednesday, February 10,
to exhaust the sums OF St67S.2S and
N5,l96,S1 respectively,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-01
wn-hington's Attitude.

Domestic political manifestations rs
they have been summed up At Wash
ington have been far from satisfactory.
The best thing in the domain OF poll
tics broadly defined is the attitude
which the courts are taking toward
reaffirmation Of property rights. Other
wise there is not much to comfort bust
ness men in the disposition evinced at
Washington. The Administration view
still is that business depression Is only
a Pigment save where 1t is artitcially
cOntrived by conspiracy against tho
party in control OF the Government.
There is stin exhibited the same fatuous
Inclination TO deny facts as in the ON
C'al disclaimer of any cause for appre-
heusion OF a bankrupt Treasury in mid
summer.
That the Government is still anti
business is denoted by the wholesale
contempt for business opinion which the
Administration displays In its persist
ent advocacy OF the bill TO create
Government merchant marine when the
greatest war in the worlds history In
being waged, the worst possible time
for such an undertaking. So far as
politics goes. however, IL remains true
that the foundations OF reyiving bust
ness and financial confidence have been
laid i'm the conviction that the advan-
tage which comes to America on ac-
count ~ the war should assist trade. in
dustral and banking endeavor to over
come the obstacles which politics has
placed and is yet placing in the path
Uf our business progress.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-01

tory monetary feature which n review
OF the past week reveals Is the head
way made in the direction OF new financ-
ing for corporations
Sustained investment inquiry has con
duced to an Inauguration OF new fnan-
Cial promotions under the most crafty
ing auspices. The success OF the Penn
sylvania Railroad issue OF $4,000, 600
of first mortgage bonds Is owing to ex-
ceptional circumstances. but there IL no
doubt that corporate borrowers, railroad
and otherwise. are going to encounter
an adequate absorptive demand for nee
essary security offerings and that the
price of capital Is not going to be so
high as to place an embargo on opera
tons designed to put corporate cripples
on their feet. Altogether the implica-
lions OF the investment market are that
movement is under way which Is go
ing to start capital flowing through the
channels of expenditure for new enter
prise. and II is here that the discerning
observer can soc the signs OF Inevitable
general business revival.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-01

81 ,199, 276,957.M to policyholders and
has accumulated 5000 $50, 1905, total
of 81, sos, 357,87O.09. Polcyholders have
paid IN during the same period a total
OF Y,5ss,S66,l74l7, so the excess Of
benefits TO policyholders, the company
reports. IL s2ls,ssl,1 1852,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-01
THE CURB MARKET.

Transactions in detail in the market
last week were as follows:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-01
Prevailing Influences for Recovery

As the January stock market might he
analysed II would show that Wall street
had two views about the trend OF values.
one regarded chiefly the war as a factor
OF economic advantage for American en-
terprise and attached prevailing impor-
tance to the extraordinary capacity OF
the money market to accommodate de-
mands for credit and capital. The other
view inclined to the side OF caution on
account Of the uncertainties OF the war
and refused TO dismiss from recollection
the hill OF difficulty which general bust
ness has yet to climb in emerging from
depression, a task made harder by
WashnEton's disheartening ignorance OF
the nature of business effort and by
stupid political determinations 10 handi-
cap business leadership.
Nevertheless. when all IL said that can
be said on both sides. the conclusion
which seems to force itself forward is
that the European war has contributed
a stimulus 10 business recovery In the
United States. but that progress will
not. in the early stages at least, he so
rapid, so free from irregularitY and re-
action as Wall street in January was
disposed TO expect. Also Wall street II
right in one important respect. This is
that the disadvantages and dangers of
the war have already had a wide re-
Election and discounting and that there
Is always the chance that peace may I've
brought about soon enough to save Eu-
rope and its financial dependencies from
utter exhaustion bv war.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-01
, significant Dividend Suspension.


When the United States Steel Cor
poratiou passed the common stock div-
dend last Tuesday a SOLDERING notice
was given 10 all interests that the CON
dltions for complete recovery OF vol
umes and values had not been estab-
lished. The steel Corporation had in
1914 the worst year since II was char
tered. II depreciation allowances had
not been cut the corporation would not
have earned its fixed charges in the last
quarter Wages have not been sacri-
feed to maintain |ne financial position
OF our largest iron and steel concern,
nor can the difficulties which its divi-
dend action betOkens be justifably made
the text for a repetition OF stale crlti-
cisms about its capitalization.
The plain facts are that the Steel
Corporation il making inadequate earn
ings because one OF our great basic in
dustries Is in any-rnfng nut hourishing
shape, thanks partly to the descriptions
which the war wrought in trade last
year and thanks even more to the gen
erdl slow down OF American enterprise
in the last few years In consequence OF
the political propaganda which accused
capital as a whole OF a selfish eNploita-
tlon OF the people. The discrimination
OF the Steel dividend was not merely
the result or disappointing business IN
the recent past and without relation to
present and forward business. II was
distinctly a commentary on the existing
situation as it bears on the near future.
1t was a reminder that while we have
an outlook for better business times
real Improvement has been special and
superficial rather than fundamental with
regard TO trade and industry and Is a
long way yet from corresponding with
obvious financial improvement.
Wheat has sold at and above $3.50
bushel in Chicago. The cotton mar
ket continues strong even though II Is
facing the uncertain workings of the
cotton futures act which goes into eff
feet two weeks from next Thursday.
Copper metal has been rising toward
fifteen cents a pound, although domestic
demand is feeble and greatly cur
tailed production has been a large fac
tor in making for advancing prices
That the money value OF our foreign
trade viii be measured in record figures
goes without saying, but it would be
/ surprising II sooner or later some off
/ sets did not appear IN the international
| commercial and financial markets.
The domestic money market Is wholly
satisfactory from the standpoint Of Dor,
! rowers but there is yet wanting the in
centiVe or the courage to make a large
resort to the lending power that tho
banks now possess. The most satsfac'
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-01
COPARTNERSIIIP NOTICE.

"---~N~-~>~-~N>~~~>>~->~,
The Undersigned lake pleasure ln an.
nouncing that they have THIS day formed a
partnership which win combine and con
Nnue the bushes. OF
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-01

Evansville & indianapolis Railroad Company
First Mortgage Six Per Cent. Bonds,
Due July First, 1924.
First Consolidated Mortgage Six Per Cent. Bonds
Due January First, 1926.
OF
To
ositcdth
fort
tthemon
New York.
II.
reasurr
president The Farmers Loans
W.
vcePr &Secy. HomeI InNr
II.
i'm q
VI.
NJ
street. York, "
THE Depository,
NJ.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1915-08-12
dull they have nothing to do but pla,

dull they have nothing to do but play
"rhum," they cut it down. The time
to stimulate trade is when it needs
stimulating, and not when it is so
vigorous you have to sit on it to hold
it down.
Advertising, to be effective, must
reach the people that are within bus
mess dist.snce of your place of bus
mess, and who use the goods you have
to sell. Minnesota retailers can't ex-
pect to draw business from Vermont,
and you can't sell photograph 70 a
man whose wife's mother lives with
him, but it should also be borne in
mind that it is the "edge" trade where
the profit lies. The mail order houses
realize this and you will find their at
tractive ads. scattered promisciously
in the uttermost hinterlands of Amer
lea, and in the world for that matter.
They have become many times mil
lionaires from the trade they have
gathered from the "edges" of the
world.
Every business man has regular"
trade. He could not do business with
out it. Much of this is personal and
would come without newspaper adver-
Using. This trade. pays his expenses
and furnishes subsistence, but large
portion of the "velvet" in business
comes from the edges. There are
edges around every business commun-
ity. The business man who secures
their trade becomes wealthy; the one
who misses it just lives. The only way
this edge trade can be secured is by
constant, consistent, patient, intelli-
gent newspaper advertising in a news
paper that circulates in the edges, like
the Sank Centre Herald does in this
community for instance.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1915-08-12
A CoMMENDABLE ACTION

A newspaper should as freely COM
mend meritorious action of a public
official, even if he is of opposite pol
itical faith, as it is to criticize any
derelection of duty.
Governor Hammond's sparing use
of his contingent fund is to be COM
mended. He has spent less of it for
the length of time that he has been
Governor than any executive has for
the same period, except Knute Nelson.
For public official to spend his
contingent fund for personal or pol
itical purposes is legal graft
A legal CRATER is more contempt
BILE than an illegal one; he has all the
tendencies of criminal but lacks the
courage.
There has been a heap of legal
graft in this state in times past.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1915-08-12
THE REASON

While editors are somewhat
numerous at times and places
there is one place where they are
conspicuously lacking. This is in
the state prison. The Prison
Mirror, published by the inmates
of the Minnesota institution, re-
ports that no editor has ever So
journed in their midst.-Little
Falls Transcript.
In our modern milk and water sys-
tenn of penology under which Grim
inals are coddled and petted instead of
punished, great care is exercised not
to corrupt the morals or disturb the
tranquil surroundings of the inmates
of our penal institutions, hence edi-
tors are not admitted.
1t staggers the Imagination to think
of the discord that would be created
if Frank Day, Joe Reynolds, Alvah
Eastman and Co. Mcdonald were in
mates of the same prison.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1915-08-12

$1.00, currency or money orders only
accepted money orders to be made
payable to the "Disbursing Clerk of
the State Department" Washington,
D C.
A written application to the Secre-
tary Of State must be made for a
tionpassport in the form of an affida-
Wit, and it must be made in person.
This application must be made be-
fore a Clerk of Federal or District
court, and the seal of the court with
wafer) must be attached thereto.
Applicant must be accompanied by
witness who is competent to testi-
fly to his identity. Of applicant signs
with mark two witnesses are nee
essary.)
Applicant must state what foreign
countries he expects to visit, for what
purpose he is going, and how long ne
intends to remain.
Application must contain a close
personal description of the applicant,
showing: place of birth, date of birth,
residence, (years. months. J., age,
(years. months. J., height, effect
..inches) English measurement fore
head, eyes, nose, mouth, chin, hair,
complexion, face, special Identification
marks
Two unmounted photographs must
accompany the application, not larger
than 3x3 inches. photographs mount
ed on cards will not be received.)
Naturalized citizens must accom-
pany their applications with certified
copies of their citizens papers.
The Herald office has limited sup
ply of blank applications for pass
ports and will furnish any information
desired.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1915-08-12
SAPHEAD EDITORS

legislature voted an approprla-
ton for hog-cholera serum SIX
times greater than the amount
available for diptheria serum.
Residents of that state who have
a good many children and no hogs
believe they have been discrim-
mated against. The same saphead
legislature legalized prize fight
ing.-Nebraska State Journal.
The above humorous CD paragraph
from the adjective intoxicated
Dix, who is so jealous of our great
state that he never loses an opportun-
ity to throw his. journalistic harpoon
into it's institutions, officials and citi-
zens, and number of our saphead ed
itors have given the libel prominent
space in their columns.
There is a difference between "le-
Called" ten-round boxing exhibitions
and "legalized" prize fights. We don't
know what the difference is, but An
ton Weiss, of the Duluth Herald says
there is difference and he always
tells the truth.
Anyway this law only applies to the
undesirable portions of our common
wealth: st. Paul, Minneapolis and Due
luth and not to the respectable por-
lions of our state. 1t would not be a
good law for Nebraska for these con-
tests seldom result in fatalities.
The hog-cholera serum appropria-
ton was one of the best acts OF our
late un-lamented legislature. 1t sim
ply provides for the furnishing OF this
serum to the farmers at cost. 1t is
in no sense a gift; they pay for it..
This serum is an absolute necessity at
certain times to save the farmers
from great financial loss. Taking
the advantage of this necessity, GER
tain INSCRIPTIONS manufacturers ex-
acted from the hog-raiser thousand
per cent profit for an inferior article.
This appropriation threw a monkey
wrench into the gears of of an un-
holy monopoly. 1t is the Minnesota
way of doing things. The appropria-
ton ought have been twice as large.
The appropriation for anti-toxin is
a different thing altogether. II was
a free gift for the benefit of the char
liable institutions and those unfortu-
nate children whose parents are too
poor to provide this remedy in times
of diptheria epidemic.
In Minnesota parents who are able
to pay for medical treatment for their
children don't ask charity from the
state or anybody else. Here the doc
trine prevails that it is the duty of
parents to provide the children God
has given them at their own expense.
1t may be different in Bix's state.
The State Board of Health received
all they asked. Probably it would not
have been sufficient in "Newraska. -
there are more objects of charity
there.
It seems to us that Minnesota ed
itors had better utilize their space in
advertising to the world the fact that
in proportion to our wealth and pop
ulation, we spend more money in edu-
eating, training and developing, along
right lines, the future citizens Of the
Republic, than any other state in the
Union, instead of giving publicity to
calumnies of the North Star state,
even If they are cute.
The sapheads are not all in the leg
islature.