davidaulloa/AmericanStories huggingface dataset:
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-11-18
KIYO TOUCHED AT
NITRATE PORTS
ON WAY UP

Shortly after 1870 o'clock this after
noon the T. X. X. freight steamer K.
70 Maru docked at Pier Is, with three
cabin passengers, Col. Walter H. Chat
field, End Infantry; Mrs. Chatfeld and
Ella r. Upper for this port They
boarded the ship at Balboa, having
1t was held up by the slides in Guile
bra Cut
At s o'clock. this morning the Kiyo
arrived on port, coming here direct
from SaIina Cruz, Mexico, 16 days
from that port. Sc has ON board 1906
tons of nitrates for a local fertilizer
company. The Kiyo comes from all
the South American nitrate ports. She
left Valparaiso October 4, Caleto Ca
losa October z, Antofagasta October
IL, Tocatilla October IL, Iquique DC.
tober IA, Callao October IS, Balboa.
Canal Zone, October 26, and Salina
Cruz November 2.
Because the ship was much clean
er and more free of rats and mosqui-
toes than the average boat from South
American nitrate ports, Dr.. F. e. Trot
ter, head Of the public health service
here, gave the Kiyo pratique at 1890,
two and half hours after fumigation
was begun.
Not until Monday viii the Kiyo sail
for Japan. The postoffice announced
this morning that she win take mail
for the Orient.
The steamer will carry a few steer.
age passengers from Honolulu for
Japan. She has good-sized steerag2
accommodations but only limited first.
cabin space. She will take out a
small amount Of freight from here for
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-11-18
A-H SCHEDULE Of
AR.RIV IS
GIVEN OUT

I Dates Of arrival of American-Hawai-
ian steamers at Honolulu from Decem-
Der Is to March Is were announced
today by the local office of the Ameri-
can-Hawaiian Steamship Company, the
general freight agent having been ad.
vised that the following schedule of
steamers of this line has been ar
ranged and Is now effective:
The steamer AriZonan, voyage mum.
Der S, viii leave San Francisco De
cember s, arriving at Honolulu Deem
Der IS.
The Minnesotan, voyage 4, will sail
from Puget Sound December Is, ar
irving at this port December %.
The Pansman. voyage 6, will leave
Puget Sound December rs, arriving at
Honolulu January 8. ~.
From New York, the Ohioan will
sail November 81, leaving San Fran
cisco January %, and reaching Homo
lulu January 80.
The Alaskan will leave New York
December and Puget Sound Febru-
airy 6, arriving at Honolulu February
Is.
December IL the Kentuckian viii
sail from New York, and depart from
Puget Sound February Is. This win
bring her into Honolulu February rs
On December 81 the Mexican will
leave New York, and is due to sail
from Puget Sound February 26, ar
irving here March 6.
January 6 is the Georgian's date Of
departure from New York. She is due
to sail from Puget Sound March 6,
and to arrive in Honolulu March Is.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-11-18
DAILY REMINDERS
To get value, sell it BY auction. See

To get value, sell ir by auction. See
auction ads.-Adv. S-
Round the island In auto, $500.
Lewis Stables. Phone 2141!-adv.
Gonsalyes & Co., Ltd, have Just re-
'ceiyed supply of Portuguese onion
seed in " ID. bags.-(Adv.) ~
There's no reason why you should
wear inferior hosiery when the best
is just as cheap. Have you tried the
best?-it's Phoenix hose. At the Clar.
ion. -".
Do you believe in "preparedness?''
We mean preparedness for opportu-
nifty or for old age. OF course you do.
Start that account today with Bishop
& Co. -. ~. III. H.. ..s... ~
New line of brassieres, uniform
and Prudential goods maternity and
surgical corsets and belts; new fail
models. front and back lace corsets
Goodwin Corset Shop, Pantheon bldg.
ADV.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-11-18
"ENcLIsHWoMANs SENDS
81 TO CAvELL FUND

This morning a contribution of 81
was sent to the Star-Buletin office by
someone who wished to remain anony-
nous, and who asked that the money
be accredited to "Englishwoman"
and added to the money being sent
from Honolulu to London for the fund
being raised to erect a monument in
memory OF Edith Cavell, the English
nurse who was executed in Belgium
by the Germans. The Star-Bulletin
has now agreed to transmit total of
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-11-18

Rumors continue in San Francisco
that the new China Mail Steamship
Company, owners of the old Pacific
Mail liner China, may charter the
Peru for one or two voyages to the
Far East
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-11-18

The Star-Bulletin is not sponsor for
the fund and is merely receiving the
money at the request of several pa
irons of the paper, to be later turned
over to q committee. .---
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-11-18

Sales: Between .Boards-50. 20, 80
Oahu Sug. Co. 271z; 20. 80 McBryde
Sh; 200 H. C. & s. Co. 411k; 200
Honokaa 5; so Kahuku Is; 40, 10 O.
R. & L. Co. 145; 20 Olaa rs; Is H.
D. & M. Co. 20; so Pioneer 80.
Session Sales Oahu Sug. Co.
27h; 10 Haw. Pine. Co. 33A.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-11-18

Beautifully dressed windows Satur.
day.-AdV. ~. -
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-11-18
PERSONALITIES

ROBERT C. LYDECKER, archives
librarian. expects to leave for the
mainland on a vacation early in De.
cember. -.
HARRY ANCILL of the City Trans.
fer Company is enjoying a three
weeks; vacation with his family. They
are now at Kahuku and will later go
to Maunawai.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-11-18
Guy MILL coMPANY, LTp.

CITY WILL COMPANY, LTD.
Importers OF best lumber and building
materials. Prices low, and we give
your order prompt attention whether
large or small. We have built hun
ireds Of houses in this city with per-
feet satisfaction. If you want to build
consult us.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-11-18
NOTICE

NOTICE
Nov. 18.-At a meeting of the d.
rectors of Hutchinson Sugar PLAN
tation Co., 1t was voted to increase
the monthly dividend to 80 cents, pay
able December 6, 1915.
Latest sugar quotation: s6 deg.
test, 500 cent?, or $1,000 per ton.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-11-18
GRAB GAMBLERS
AND BIG OUTFIT
in DARING RAID

Continued from Page u
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-11-18

On board the o. s. KIT. X. K. linel
Seattle Maru, which continued hel
voyage to San Francisco today, sailing
from Pier Z at 10 o'clock this morning
are. SO through steerage passengers
mostly Russian Jews, who left Russii
on account of the war and unsettled
political conditions.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-11-18

Bringing 10 cabin passengers, the
Inter-Island steamer Claudine arrived
this morning from Maui. She had
much freight, including SO cattle, 10
calves, So hogs, "a bundles of hides,
IL boxes of oranges, % bales of bags.
20 sacks of corn, So of potatoes, Is
empty wine barrels, and other mis-
cellaneous cargo. Strong head winds
and rough seas out, and moderate
winds and seas inward were reported
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-11-18

No confirmation has been received
to date by H. Hackfeld & Company.
local agents of the China Mail. of the
report from San Francisco that the
new company has chartered the for
mer Pacific Mail liner Mongolia for
one round trip to China at charter
rate of $1,000 q day
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-11-18

A o'clock this afternoon the Inter
Island steamer Helene win sail for
Hawaii ports, carrying 10 tons Of coal,
so for Naalehu and 20 for the Hilo
Railroad Company The steamer ar
rived this morning, but brought no
passengers and only one empty drum
of freight.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-11-18

where he is said to have conducted a
game He and his gang are thought
to have already made big bunch Of
money in Honolulu through crooked
gambling.
Gunnison news-champion., 1915-06-04
DOYLEVlLLE
News-Chsmpion Corresponaenos.

Monday, May 81
Mortimer Slate is fencing his yard
and setting out trees.
Mr.. and Mrs. Winslow and family are
guests at Waunita this week.
Miss Margaret Sanford of Gunnison
is visiting at Mrs. Stephenson's for the
week.
Matt Deering is expected at the
Shamrock ranch, from Denver during
the week.
Mrs. Tom Kent, who was at Waunita
for several years is now living on the
McDonough ranch at Cochetopa.
Mrs. Sitter and Mrs. Erlington and
daughter arrived in Doyle Wednesday,
enroute from Hotchkiss to Waunita.
Our baseball team played Crested
Butte in Gunnison Sunday. Our neigh
borhood was pretty silent that day as
nearly everybody was at the county seat
Gunnison news-champion., 1915-06-04
IMPORTANT ROAD IMPROVED
Mud Hole Near Flohr Ranch n,
Longer Terror to Auto,sts.
Moutrose Enterprise

Montrose Enterprise.
h. A. Elliott, who returned last week
from a trip up to the Blue Mesa, tells
US that the mud hole near the Flohr
ranch which was terror to the AUTOS $
who came over that road last season, IS
no longer the menace that IT has been.
In order to escape the aforesaid mud
hole a new road has been built around
on the other side of the hill, which has
not only been the means of escaping
the mudhole, but has provided much
easier grade and improved the travel
ling facilities in other ways as far as
the road is concerned. The new road
turns south near the Maurer place and
is bat little if any farther than the old
road
Heretofore the mud hole in question
seems to have been the sore spot on the
Blue Mesa link of the Rainbow Route
and it will be good news to the tourists
to know that the mud hole has disap-
peared AS a obstruction to auto travel.
Gunnison news-champion., 1915-06-04

FISH TAGS for sale, | cent each a
News-C Champion Office or by mail.
Gunnison news-champion., 1915-06-04
POWDERHORN


"Wednesday, June 2.
Chas. Carr was over from Gate View
last week.
Geo. Andrews spent few hours in
the valley Sunday.
Ruby Bros. of Pueblo had represen-
tative of their firm here buying horses
last week
Mrs. f. Dunn drove to lola Wednes-
day to meet Mrs. Holsker, sister of
Mr.. Dunn.
Mrs. Clarence Radeka returned 20
Gunnison Sunday to be with her mother,
Mrs. Geo. Andrews, who has been quite
ILL.,
Henry Schnepf and wife left Friday
afternoon after having spent week
visiting old friends, prior to their de-
parture for California.
Harry Crary Jr. has returned from a
weeks visit in Gunnison where he went
to be present at his sisters gradua-
ton from high school
j. Tezlnk and brother arrived from
Crawford Tuesday. Mr.. Tezlink is the
new owner of the Kennedy ranch and
expects TO move his family here soon.
Hugh Foster and Everett Sammons
very nearly had a serious accident
Thursday evening when the cars they
were driving collided on the grade be.
low f A. Fosters. Nothing more SER
ious that bent Tenders resulted as they
we're driving the cars slowly.
Gunnison news-champion., 1915-06-04
MA
49,, InamDsoa ts1I.rsasassa.

~a~@.t namDsos 1eErsssasaass.
Tuesday. Jsse l.
En LOSES Naiss ioft tor Denver az
frIaaF
Fsank Dams asOye ~ from Cslolis
" sisglsssiss
n zeIgiar sad ssfs u.ossssd b
C,auni-1n saaaat.
Frank Halt. 1Immss aad Fred fosisr
tlrage m fram sHaHaar Monday.
Air. I.aais Nei=s ana dack Dsmsss
uatarsa dosu irum Nsicsn Tuesday.
" Trsnssnshoe of Pssslo arrive
Tuasdag o. sllund feS DAYS fishsng
.Cba.. Easuas aud father arrived h
Neek from Oarss b sVoHa leu ~ee
fishing
Ms Nary Zaigier accompanied b.
Bha Euduof was b. loia NseiHessis
visiting relatives
Cgraz O.barue. wife and aauQht
n5atored down from Cianni-on " ssins
aav. Mss Aaes Osborne stayed 70 "
her grandmother feW days.
Fishermen stepping IT The lola ho
last veek we're. " b. O'arvEn. o. :
LAW. VI Is Johnson of Delta; fi
beutsch Of Grand Junction and ,,sogl
Arthar Of Iona
Air and Mrs. K. 2. Mergeimsn. Nj
q. A Via. Miss Lena Berg and De
kiHev mutorgd to Gannis0n Sanaa
kileV spent the day visiting at laa
home % his brother, b. + kiliey
Ar. and Mrs s n Albin OF Nevman.
DIV. stopped 81 here for a eespis 1I
dags .asf ucek O. visit their cousin n
n Leiglor They were on their wa
home from the san Francisco far.
Gunnison news-champion., 1915-06-04
CROOKSTOk

Ne~s-CkamDion Correspondence:
Saturday, May 29
Everybody is busy planting POTATOES.
Earl Adams is working Al the saw
mil for Monson
Sheriff Russell was over from
Sagaaehe last week after jurymen.
Mr.. and Mrs. Osmos are reioicing
over the arrival of a baby girl MAY ~.
Miss Lottie Shaw went to SaIids
tuesday evening to spend few days.
Misses Lila end Inez Soden came
home last Thursday for the summer va
cation.
Boys get your wash boilers, tin cans,
and COW bells ready. We understand
the wedding dress is almost completed.
Frank Hirdman came down from the
mlll sunday with crippled ankle. He
will probably be laid up for a week or
two.
Gunnison news-champion., 1915-06-04

~s-Chsmpion Correspondence
Wednesday, June 2.
The Embroidery club met last week
with Mrs. Barnhill and had a very
pleasant afternoon.
Mr.. and Mrs. Clarence Mcdonald
from the Tomichi, were noted among
visitors this week.
There was quite an exodus from Ohio
city last Sunday to witness the big ball
game in Gunnison.
Frank Mcdonald and family have re-
turned to Ohio City after sojournine
through the winter in the lower country.
Mrs. Robert Parlin, who has been
spending some time with her mother,
Mrs. Tom Noble, at Crook ton came
over on Tuesday accompanied by her
mother and Miss Songster of Sargent
Miss Mclaughlin has completed a
successful term at the Sparta school
and will give play Saturday evening in
the Ohio City opera house. The play
will be followed by dance.
Our school closed on Tuesday after a
very successful term of nine months.
A picnic was scheduled but owing to
the rainy appearance of the day was
put off till Friday. Miss Denny will at
tend summer school at the Colorado
State Normal School at Gunnison.
Miss Luella Johnson is spending this
week at home and has enjoyed visit
from her friend Mrs. Morrison of
Howard. She has just closed her school
year in the Ouray County H gh School
and will teach history and English in
the Gunnison County High School next
year.
Last Saturday afternoon Miss Balm
gave a shower at her home for Miss
Mclaughlin whose wedding will take
place in the near future. Several ladiess
from Ohio City and Quartz creek were
present and very pleasant afternoon
Gunnison news-champion., 1915-06-04
ONO CITY

; ~s-Chsmpion Correspondence
Gunnison news-champion., 1915-06-04
LA0 NolG
Ns~s-SeAASsss Cssssnouaa-,ar

Ne~s-6,AARpsUs
IIssssss. June 1.
ia'.s. koscs has -onae very hae eosss
haErx hossEasn sas ever frou Ca.a..
azal on FRIDAY .sst
MT and Mrs. A Grof. and Mis- = .be
sisont Msmorsai DsS al LAKE rIsv.
me gosernmsnt men are Al yesu.au
neaak 10 ~ors on the rosa h. The EI,e
Hesa.
Z. = has-est has gone to Denver
understand he viii se clsrs Al The
Irving Aosman leavss thi- Neek for
his i"ng trIF b ALASKA Al wish nm
. sale I0arncy
Car, tiIida and Henry Benson w.r.
at laike City to witness tha s-raa,..f,,,r
u selma beasOn. May -
Mr.. aud Mrs. Croft h.v. ,,,,r,.bs...s
the oia hronIchfeia ranch at Davtop-
iFou Mr.. Workman VI Olafhe C,lo
j. X. Phelps Was on the Lake Fork
Saturday With six fne horses he had
been "syng Tor the tssropean market.
George Grsttan and Ar. Ramsey Al
tended The Lake CITY high school exeg
cises and the reception W the evening II
May 18th
ID NJ. Carr was at Lake CITY on Dec
GRAFTON Day and. with his family spent
ihe DAY a. guests Of ID &. Baker al
villa Grove ranches.
Mr.. 1remble and brother with their
wives were gp last week looking over
the oaman ranch at Spruce With a
view to purchasing IL.
Gunnison news-champion., 1915-06-04
SOMERSET
News-Champion Correspondents
Monday, NAV 81.

Monday, May 81.
D. W Davis left Sunday for Crested
Butte on a visit.
Mr. and Mrs. Elmer Sale were visit
ors in Bowie sunday.
Miss Nellie kolderman spent Sunday
in Paonia with her folks.
Mrs H. 5. Neesham went to HOtch-
kiss Sunday to visit relatives.
A large crowd from Somerset took in
the baseball game at Paonia.
Mr.. and Mrs. c. II. Muhlestine went
to Paonia last week on business.
Isaac Clark autoed to Delta Sunday
to have some work done on his car.
Henry Richard went up to Deep creek
Saturday night returning Sunday p. m.
Mr.. and Mrs. Herman Neis and Mrs
Sam McWiliams autoed to Crawford
Gunnison news-champion., 1915-06-04
ANTHRACITE AND the MUDDY

News-Champion Correspondence
Saturday, May 2s
Frank Walker is at the Adams ranch
with Phil Moore helping to get the crop
in.
Mr. and Mrs. Matt Downing passed
through on their way to Paonia from
Marble.
Charley Wray has gone to Hotchkiss
on business about the new ranch he
purchased recently.
George Edwards killed bear Sunday.
Joe Palmer and George Rush were with
him but George killed the bear.
Mrs. McNally went to Somerset re-
Gently to get tooth extracted Her
daughter Sylvia returned with her.
Ike Taylor, Tude Corrine and Carl
Giipin are hauling hay and supplies to
the Adams ranch where they expect to
begin work on the new Muddy road.
The wedding of Miss Ann Jane John
son and Mr. Merle Nelson took place at
the Somerset ball Monday night. 1t
was public and they gave dance Tues
day evening.
Mr. Stencil and bride arrived at their
home Monday from Cardiff. We are
glad to welcome them into our midst
and wish some of the other bachelors
would go and do likewise
Gunnison news-champion., 1915-06-04

sunday
The baseball team are wearing new
uniforms now marked u. r. Co. instead
Of Somerset
The mine has changed its working
hours Beginning at 900 o clock and
quitting at $3.50.
Sheriff Hanlon and William Mieser
were in camp Saturday night returning
to GunnisOn Sunday.
Joe Palmer and brother Jack were in
town Saturday with a load of spuds
from their Deep creek ranch.
Somerset and Paonia crossed bats at
Paonia last Sunday. The score was 5
to in favor Of Somerset. Here 5 hop
ing the boys do it again.
Mr.. Hill and family and Robert
Williams and wife autoed to Delta Sun
day morning and returned to Paonia in
time for the baseball game.
Gunnison news-champion., 1915-06-04
BALDWIN
<ews-Champion Correspondents:

Sews-Champion Correspondents:
"Wednesday, June ?.
Mr.. Denham and two youngest boys
have gone TO Placeryille to join his
family
Mrs. Jos. Hyland spent couple of
days in GunnisOn this week, the guest
of her sister. Mrs. Geo. Watson.
Gen. Manager Peart and another
member of the coal company were in
on Monday for short stay. viii Hart
man, county assessor, brought them up
in his ear.
Mrs. John Wolfe and daughter Ruth
returned Saturday from a week in Gun
njson with her parents. She was ac-
nsnied bv her sister, Miss Cara Estes.
who visited here Till Tuesday.
Gunnison news-champion., 1915-06-04

At Crested Buttes on Tuesday were
welded Mr.. Rheuben Roberts and Miss
Elizabeth Kerr The ceremony occur
red at the houfe of the BRIDE parents
Rev. Geo. Nuckolls of Gunnison tied the
nuptial knot at high noon, after which
a bountiful wedding dinner was served
Gunnison news-champion., 1915-06-04

was spent. Delicious refreshments
were served by the charming young
hostess. Many useful household gifts
were received by the Bride to-be and
varied were the items of advice given
to her by her friends.
Gunnison news-champion., 1915-06-04

DIR. Geo. Nuckolls motored to Crested
Butte Tuesday to ofiiciate at the Kerr
Roberts wedding. Accompanying him
were Judge c. II. Stone and Miss Lois
Borland.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-07-05

fiscal year just ended international
commerce yielded us q ~stupendous ex-
port balance Of moro than $1,000
000. 1000 Practically the commerce. thus
summed up has all been done on a cash
basis, but It cannot 90 on that way,
a. the foreign exchanges show. All
forms Of foreign remittance are quoted
at discounts from our dollar ranging
ssom more than 2 per cent. for the
pound sterling to more than Is per cent.
for the German mark.
The international ascendency OF
American finance Ia IN adventitious re-
suit Of the foreign trade opportunity
which the wal brought to our shores,
and this opportunity Is the most
important thing now In u prospect.
II our control Of the international
money market Ia used as IL should be
used. our financial power accidentally
conferred will be firmly established and
II Ii Of the nature Of this power hat
II can only be properly and probably
used precisely In the field where n
war acquired. that 10. in the promo
ton Of our with other ma
lions.
This "a the task which IL ahead Of
our bankers and business men to-day.
They must enable other countries to
obtain credit md capital here and to
pay for goods with securities where
other means Of payment cannot be
available during the war. Our domes-
tic business waits and depends to q
large extent on our foreign trade
growth and foreign trade Is the one
supreme form which opportunity now
takes for American enterprise, for the
new enterprise which. as a synonym
for business expansion In some or many
directions. has always been responsible
for our past periods Of prosperity.
our bankers and our business lead
ers make a mistake In uttering so much
warning against the dangers Of specu-
lation. These are war times. which
can be relied upon TO supply whatever
counsels Of caution are requisite to
keep activities within the bounds Of
prudence. The times are, indeed. far
too likely to breed a policy OF inaction.
The thing for u men of aRairs to
do In to courag the spirit OF specu-
lation which has tentatively manifested
itself. for this spirit Is at bottom the
spirit Of all new enterprise and can
be made to serve n useful purpose,
Our financial leaders. instead Of trying
to suppress II. would do better TO en-
deavor to direct its expression toward
those chances for profit which confront
the country in the necessities OF other
nations.
II II desired to put American bust
ness considerations on a higher plane
Then II would not be Inappropriate to
the day we celebrate to ask II he
United States could play any better
part as a neutral In the great world
war thar by recognizing the obligation
to employ, for the commercial benefit
Of all nations. the colossal advantages
which our neutrality has conferred
upon us.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-07-05

As to the price Of capital after the
war, the following opinion by Henry
&. Nicholas. statistician Of Harris,
Forbes 4 90. il interesting:
''The statement is made that as "A re-
suit of the destruction Of capital caused
by the European war the world Will
face during the next few years "A world
wide rise In interest rates, This state
ment certainly appears logical upon its
face. For the purpose of determining
Just how interest rates Were affected
as the result of great wars, We have
Just checked over the Bank of Eng
lands discount rate for the last loo
years. To doubl. check the conclusion
we have also mad. a table showing the
open discount rate for three months
bills in the London market for the same
period,
Somewhat to our surprise these
tables do not show "a period OF pro-
longed advance in interest rates fol-
lowing IA great war IN iart, the move
ment OF the interest rate is very similar
to what occur during IA panic. In the
midst OF "A panic interest rates advance
to very great heights. But Immediately
after the panic there ensues "A period OF
comparatively low interest rates,
The period from 1858 TO 1864 was one
OF almost continuous wars. During This
period there occurred the Crimean war,
the Italian liberation war. the Austro-
Prussian war and the civil war. In
t,rest rates were high during this
period, but the Bank of England records
show that Immediately after the end of
these wars the interest rate declined
sharply and for the next twenty years
the open discount rate averaged less
than 3 per cent, declining at one time &c
/ per cent. In other words, after these
wars the discount rate averaged less
than before the wars h, gan.
"In regard to the compensating advan.
,ay.s resulting from wars, there is a