davidaulloa/AmericanStories huggingface dataset:
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-09-02
TINEs-REPUBIICAN MARsHAILTowN SEPTEMBER

day for visit Of several months. Mr..
Hadley is one Of the pioneers OF
Providence township. He expects to
return to California for the winter.
The funeral service for Harry Har-
ris. who died In Independence Thurs
day. was held today from the home Of
Mr., Harris sister, Mrs. A. W. Mitterer.
Rev. w. E. Stanley, of the Baptist
church, had charge of the service.
Judge Wright adjourned court Fri
day until Monday. Several criminal
cases are to be tried the first Of the
week tt
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-09-02

Mrs. F. E. Hartmeister. Tea, Mo-,
writes: II was affected with kidney
trouble for two years. was 30 bad
this simmer could hardly do my cook
Ing. / got Foley Kidney Pills and they
helped me. feel like new person.
TOO many women neglect symptoms Of
kidney arrangement. When the kidneys
are not properly doing their work poi
sons left in the system cause weak
back. dizziness. puffiness under eyes,
swollen ankles, joints and rheumatism.
Sold experimentation
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-09-02

Special to Times Republican
Eldora. Sept &C. F. Susmilch re-
turned Friday from business visit Of
several days in Revere. Minn.ss near
where he owns a farm He says crops
are fair in Minnesota.
$. s. Hadley, who for several months
has been in Los Angeles and other
points in California, arrived here Fri
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-09-02

The demands in this controversy have not been
presented in Our judgment for the purpose of fixing
definite daily period of labor reduction in the
existing hours OF labor change in methods of opera
zion, but for the real purpose of accomplishing an
increase in wages Of approximately One Hundred
Million Dollars per annu, IS per cent Tor the men
in railroad freight train and yard service represented
by the labor organizations in this matter.
After careful examination of the facts and patient
and continuous consultation with the Conference
Committee of Managers, and among ourselves,
have reached clear understanding of the magnitude
of the questions and of the serious consequences
the railroads and the public involved in the decision
IF hem,
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-09-02
skating il old Pss.lms.

Skating, the origin Of which Is lost
In antiquity, was mentioned BY Dan.
ish historian in 1874. and English au-
thorities state that in Lincolnshire
there was skating even before tho
twelfth century, the custom having
been introduced there from Holland.
The Eskimos used bone skates when
they were first discovered by the
whites, and probably had done SO for
centuries.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-09-02
Deep River Veteran Dead.

SpeC!aI 10 II meS-fIepu DIlcan.
Deep River. Sept. At. J. Yeo, an
old soldier Of the civil war, died here
Thursday evening. Mr.. Yeo has been
in poor health for several months
This leaves only six old soldiers in this
community. Funeral services Were
held today at 10 o'clock at the ". e
church here.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-09-02

effort is required for the public welfare would b
harmful beyond calculation.
The widespread effect upon the industries Of the
country a. Z whole il beyond measure or apprase-
ment this time and agree with the insistent and
widespread public concern over the gravity Of the
situation and the consequences of surrender by the
railroads in this emergency
In like manner we are deeply impressed with the
sense of responsibility to maintain and keep open
the arteries of transportation which carry the life
blood of the commerce Of the country and of the
consequences that will flow from even temporary
interruption of service over the railroads. but the
issues presented have been raised above and beyond
the social and monetary questions involved, and
the responsibility for the consequences that may
arise will rest upon those that provoke it.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-09-02

than work up to eight hours. He
characterized the measure as being
"the brassiest kind Of gold brick.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-09-02
BRIDEGROOM DESERTS CAMP.
Iowa Arti'leryn,sn Supposed to Be o,
Way to Davenport.

Davenport. Sept. 2.-Homesick for
his bride of two months. William Gary,
Of Davenport, has deserted Battery B,
at Brownsville, Tex, and is now sup
posed to be en- route to this city.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-09-02

(a) The railroads will, effective September 1916,
keen the time Of all represented in this movement,
upon hour basis and by separate account monthly,
with each man maintain record Of the difference
between the money actually earned by him on the
present basis and the amount that wond have been
earned upon hour basis-overtime on each basis
to be computed pro rata.
The amounts so shown will be subject to the
decision of the Commission provided for in Paragraph
(c) of this memorandum and payable in money,
may be directed by said Commission in its findings and
decision
supervise the keeping of these and report the
increased Of the hour basis after such period OF
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-09-02

actual experience as their judgment approves the
President may fix. not, however. less than three
months.
(c In view Of the far-reachng consequences Of the
declaration made by the President, accepting the
hor day only upon the railroads and the classes
of labor involved directly in this controversy but to
the public and upon all industry it plain that
before the existing conditions changed the whole
subject in SO far as it affects the railroads and their
employees should be Investigated and determined by
Commission to be appointed BY the President, Of
suca standing as to compel attention and respect to
its findings. The judgment of such . Commission
would be helpful basis for adjustments with labor
and such legislation intelligent public opinion, 50
informed, might demand
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-09-02
Trustees for the Public
Public Investigation Urged

Public Urged
nsinvvd our
tn n
of n ya
manner
""0o'A"'. ealrad of the cunhy ot pres
The snueae
involves an n il If nthntw Involve
Sixty bank.
gilmore tina mDrl the Of all maintain
eimndMt einuem COS
o e
n o
now e etn
of the ranpor nmp
aady d
wuoWnga LAT aEne en tea o less has
faith have worked and effort
problem all These efforts still
the of the strike order showed them to be unavag
Problem Threatens Democracy Itself
strike will be forced the by the best paid
class aboes the world the country has the need
TO transpo efficiency.
problem that Of the railroad business world
ITSELF sharply the question whether
group should be allowed the ipe the life
country consprng block
HALE soG .ovsra = I sa
PARFAx
,
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-09-02

Statement of Executives the President s@sh< ss-
called
all the traffic
him Of Thereon
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15
FRANCE TO GET NEW
Sl5,OOO,O00 LOAN
Will Be in Form of Acceptance
Credits Previously Arranged.

Bonbright & Co, in conjunction
with the Bankers Trust Company, are
negotiating for new commercial
credit to France. Il was understood
Yesterday that the loan will take a
form similar to that OF the two Slo,-
100000 credits already negotiated by
the same group OF bankers-a credit
against which drafts may be drawn In
dollars by French banks. and accepted
and discounted by American banks, at
a rate which will probably approach 2
per cent. Provision will be made for
several instruments and for renewals
so that the duration Of the credit Will
be one year.
As the proceeds OF the drafts are
used for the purchase of American
products exported to France, they VIII
be available for rediscount at the
Federal Reserve banks. The former
credits had the sanction and guaran-
tee of the French Republic, through
deposit of its one year gold notes,
payable in New York. Similar secur-
ity is expected regarding the present
loan. The French Minister of Finance
is understood TO have already ap-
proved the negotiations.
Completion of this loan Will BRING
the total borrowings of France in this
country, exclusive of its share OF the
$500, 900, 900 Anglo-French loan, since
the beginning of the war up to APP
proximately s275,OOO,OOO. OF this sum
500. 100000 has been in the form OF
commercial or acceptance credits. The
borrowings Of all foreign nations IN
the United States will be increased to
Sl,65O,O 100000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15
SEVEN.CENT BREAK
IN PRICE OF WHEAT
A Suspicion That 1t Was Due to
VERY UneconOmic Causes.

Chicago, Sept. 1.-THE Board OF
Trade had a remarkably lively ses-
sion after luncheon to-day. The pit
was flooded with selling orders and
prices dropped with sensational rapid
ity, the decentralization exceeding any
thing seen for many years, barring the
II cents break that occurred on Au
gust rs. In this instance there was a
perpendicular drop of exactly 7 cents
on December contracts, the most active
delivery, while September lost 81
cents, and May 6fs cents.
According to some astute market
followers this remarkable fall was al
most wholly the result of so-called
strong arm" work on the part of
some Of the leading trade houses in
the West, who would like to see a much
lower price level established in order
that they might fill their elevators and
warehouses on a safer basis. At any
rate, two remarkable rumors were cir
culated and after it was all over no one
could be found who could confirm
either one of them. This latter fact
doubtless accounted for cent rally
lust before the close.
For one thing, it was claimed that
Sweden was about TO join in the great
war. No one seemed to know which
side she would join. but this made no
difference to the sellers. 1t was argued
that peace would come sooner if
Sweden joined the Entente Allies, but
the reverse would be true if she Joined
the Central Powers, and that was the
gossip in some quarters.
The second story was that West
ern cash house had bought several
cargoes of Argentine wheat, claiming
that it could be delivered at Galveston
at lower prices than our own hard
winter wheat. Needless to say, many
traders of long experience were ex-
tremely incredulous. They argued that
the remarkably high cost of transpor-
tation, added to the original cost OF
the grain, would make the wheat more
expensive at our Gulf ports than grain
brought down from our winter wheat
belt. Moreover, it was argued that
even if a few cargoes were bought the
total would be "only a drop in the
bucket" as few hundred thousand
bushels more or less would make little
or no difference in view of the great
shortage in this years crop. There
were some, however, who were willing
to admit that some of the big Western
houses might consider it good invest
ment TO sacrifice a little money on such
a transaction, trusting to the senti
mental effect of the deal TO bring
about the drop in values which they
so ardently desire. The action of the
market after these rumors were cir
culated seemed 20 indicate that they
were not far wrong in their surmises.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15
MERCHANTS NATIONAL
IN ANOTHER DENIAL
Edward Holbrook Says He Never
Heard Of Becoming President.

Despite previous denials by direc-
tors of the Merchants National Bank
that they were in sympathy with a
movement favoring change of control,
those rumors persist. A report print
ed Yesterday that control had already
passed to new interests and that
Edward Hobrook. a director and
president of the Gorham Manufacturing
company. would be made president Of
the bank. brought forth the following
statement from the cashier. Joseph
Byrne:
The attention Of Edward Holbrook. pres
ident Of the Gorham Manufacturing Com
pany, was called TO public rumors in cir
culation to the effect that the interests
who are seeking TO acquire control of the
Merchants National Bank propose TO elect
him president if they succeed in their en-
terprise
Mr. Holbrook said with emphasis that
the statement referred 10 was made with
out his knowledge or authority. that he
has no part or lot in the efforts that are
said 10 be progress TO acquire control OF
the bank and no sympathy with them and
that the present management commands
his approval and confidence.
Officers of the Merchants National Bank
were asked to-day whether II is true. "a
publicly rumorcd that the interests that
are trying to get the control of the bank
have acquired or are likely 10 acquire APP
preaching 90 per cent Of the stock. They
replied that such rumors are not in ac-
eordancs with the fact
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15
GERMANY ADDS
TO GOLD STORE
Now Totals 2,47O,00e, 900
Marks TeutOnS Hold
Greek Bonds.
By ERNST KAHN.
By c,bi. Vi. Copenhagen to The Trsun'.l

tBy cabl. via Copenhagen TO The Treunel
Berlin, September II.
The gold stock of the Reichsbani
is still slowly mounting from week
to week, though exports of the metal
continue. The imperial institution
now holds in its vaults 2,470,O00 900
marks of gold, which compares with
1858. 900 before the war. JUS
now the German trade balance APP
pears to be changing, with imports
sharply reduced and exports rather
maintained.
Greek affairs are being watched
closely. Greek loans in German
hands total SO,O0O,O0O drachmas
(S15.OOO,0OO), interest payments on
which are likely to cease in the event
that Greece joins the enemy alliance.
Greek deposits in Berlin are insig-
nificant.
An agreement has been recently
entered into with Switzerland which
grants the Swiss further imports Of
German coal and iron and free
thoroughfare through Germany from
neutral countries. 1t also provides
for the exchange of German manu-
featured articles for Swiss cheese,
chocolate and milk.
A substitute has been found for
fuel oil, imports Of which have been
shut off now from Rumania as well
as the United States. By a new in
vention whose practical use has been
transferred to two great concerns,
oil is now extracted from brown coal
and slate. The government during
the period of the war has the right
to grant the use of new patents to
any firm it may designate.
Legislation is under consideration
which, if enacted, would obligate
German corporations and firms to
employ a certain percentage OF in
valid workmen who have become per-
manently crippled in the service Of
the empire.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15
ARGENTINE LOAN
EXPECTED SOON
Bankers Favor Departure
from Piecemeal Methods
of the Past.

The government Of the Argentine
Republic must soon consider the re-
financing Of its obligations in this
market. created since the outbreak OF
the European War. Maturities which
must be cared for in the next four
years amount to about s6S,0OO,OOO. The
first maturity which will have to be
met totals $4,000 900 and falls due De-
cember | next.
With the big increase in trade be-
tween Argentina and this country,
New York bankers who have been IN
terested in the fotation OF that gov
ernment's issues in this market favor
a radical departure from the piece
meal methods that have been pursued
up to the present. 1t has been the
custom Of the republic TO borrow
wherever it might, with no uniform
policy of obtaining funds for its needs.
While no definite negotiations are
yet under way, bankers predicted yes
terday that the next Argentine loan
offered here would be sufficient in size
to provide for all maturities during
the next four years. 1t is expected
that the loan will be between s75,00o,-
600 and 1OOOOO,OOO, the amount de-
pending more or less on the condi-
ton of the investment market at the
time.
Argentina is comparatively a new
conner in this market as borrower.
Until the war shut of European CAPT.
tai, her financing was done in London.
On May IS, 1915, half of an issue of
s50,OOO,OO0 of fve-year notes was
placed through the National City
Bank, the remainder being taken in
London, but not with the same degree
of success.
That was followed a few months
later by an issue Of s1S,500,000 one
year notes, which was taken by a
syndicate headed by n. w. Halsey &
Co. Later the Guaranty Trust Com
pany purchased an issue Of sl5,000,000
In notes. Somewhat to the surprise of
investment houses, Argentine securi-
ties have met with a ready sale in
this country. This condition has made
the New York bankers hopeful that the
next financing plan will be more COM
prehensive than any heretofore at
tempted.
The United States sold to Argentina
last year one-fourth Of the country's
total imports and bought 16 per cent
of its exported products. Exports
from this country more than doubled,
reaching a total Of ss6,O00,OO0. I'm
ports for the year were put at s54,-
100000.
Total exports from Argentina last
year increased from 1887 100000 to
S539. 100000, but imports fell off from
1892, 900, 900 to 100000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15
NEW CANADIAN
LOAN EXPECTED
Talk of S5O,OO0,0OO Issue
Which May Be Sold Here
Early in 1917.

Another Dominion OF Canada loan is
expected to be foated in this market
early next year. The amount may be
$50. 900, 900. "The Monetary Times" of
Canada, is authority for this state
ment. 1t says in q special loan edition
just issued:
From April /. 1915. to March 81. 1917.
the Dominion government will raise by
way Of loans from 5000 100000 TO $685.
600. 900. The loan negotiated in New York
in March accounted for $4,000 900. TAX
ing the maximum possible requirements OF
S225.000. 900. there is still TO be raised
during the present fiscal year Sl50,000,O0
Assurances were given by the Federal gov
eminent in connection with the S75,OOO,OOO
New York loan that no further Offering
would be made in the United States dur
ing the current calendar year.
While Sir Thomas White has made an
arrangement by which he can draw upon
an authorized credit of $3.50. 100000 estab-
lished by the imperial government. the Do
minion government will endeavor 70 util-
tie TINS credit as little as possible, II ut all
As we have voluntarily closed the United
States money markets against our Federal
loans for the remainder of the year 1915.
and as we are unlikely TO draw upon the
credit which the imperial authorities have
provided, there will be left 20 be raised by
way of loans in Canada during 1916 and
in the United States during the first quar-
ter Of 1917, the sum Of $3.50. 100000.
As the present loan is for Sl00.00o,00o.
this leaves a sum Of $50,000,0O0 still to be
raised in order to make up the total loan
requirements for the current fiscal year.
This loan will probably be raised in New
York about March next.
Since the British money markets were
closed 70 Canada and other countries for
all except war issues. the United States
has been acting as Canada's banker in
chief. During the two years Of war bor-
rowings in that market have totalled
s39l79 900.
These loans have been divided as
follows:
Loans by United States to Canada.
Aug. l, IA,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15
Neus Digest
Foreign

London Stock Market.-London, Sept.
14.-Business was slack on the Stock
Exchange to-day, and British gilt-edged
securities declined a fraction from lack
of support South American issues, es-
pecially Peruvians, were steadily sup
ported, and a good deal of money was
invested in industrial and rubber
shares, but there was no feature any
where. American shares were quietly
steady around parity.
Large applications for Treasury bills
are taking funds off the money market.
Discount rates were steady. Money,
Az per cent; discount rates, short and
three month bills, 512@5ss per cent.
Gold premium at Lisbon, $500.
Paris Bourse.-Paris, Sept. 14.-Trad-
ing was quiet on the Bourse to-day.
Three per cent rentes, 81 francs Is CEN
times for cash; exchange on London, 27
francs 81 confines; per cent loan, 30
francs.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15
HOLLAND In
AMERICAN OIL
Large Dutch Interests in
California and Oklahoma,
Also in Venezuela.
Amsterdam, Sept. I.

Several annual reports which APP
pearod lately show how extensive the
Dutch interests in the petroleum pro-
duction of the Western Hemisphere
are. The part the Royal Petroleum
Company (Koninklijke Petroleum
MaatschappiD plays in this territory
is far more important than generally
known. After reporting to the share
holders about conditions in Neither
lands India, New Zealand Egypt, Rus
STA and Rumania, the directors de-
vote quite a number of pages to Cali
fornia, Oklahoma. Mexico and Venez-
uela. The California Oil Fields Ltd.
is being liquidated and all the proper
ty has been taken over by the Shell
Company Of California.
The latter company is now extend
ing it's transport service in order to
bring producer and consumer into
closer relations. II is increasing its
oil lands, having taken options for ESQ
acres during the past year. New bor-
ings will be undertaken at once, es-
pecially since the new oil refinery in
San Francisco will be ready for use
in a Fhort time. 1t will have a capac-
ity of twenty thousand barrels or
more. and Is connected with reservoirs
Of 1,s15,O0O barrels capacity. The
Roxana Petroleum Company of Okla
homa, a subsidiary Of the Koninklijke,
has undertaken some very profitable
borings, which yield oil OF good quail
ity. The company decided to erect q
new refinery Not outstanding the
troubles in Mexico, the Dutch Com
pany La Corona, also a subsidiary, is
bringing down four new wells. The
entire production, however, was only
about 5G4 900 barrels, against 1910, 900
in 1914. This reduction is explained
by the continued political troubles in
Mexico. The report says that the di-
rect damage the company has sus-
tanned is negligible.
Referring 10 Venezuela the report
states: 1--WE are entirely confident
that Venezuela offers a great field for
us, because all our explorations and
borings point to this conclusion. The
European war, however, has COM
PEELED US 10 90 slowly, because we
cannot obtain certain machines and
materials which We need. We have
taken an option on majority Of the
shares of the Venezuelan Oil Conces-
sion Ltd" The company has decided
TO make Curacao its central shipping
point.
The controlling interest in the
Union des Petrolcs d'Oklahoma is un-
doubtedly in Dutch hands; at any rate
the financial editors here devote a
great deal Of space TO the annual re-
port 1t says that during the quiet
period of last year the technical APP
paratus of the company had been
much improved. Towards the end of
the year the demand for the products
of the company became much greater,
and il was decided TO continue the
erection OF certain new plants, which
had been temporarily interrupted.
The reservoir capacity has been
much enlarged. The gross profits
Of the company were sl,4663Gi. As
usual in Dutch companies, the cost for
new borings and machinery was writ
ten off Immediately, and the net profit
is declared to be 3,s7s,9i6 francs. The
preferred shares receive 1870 per cent
and thu common shares 8 Per cent
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-15

A new method of taxation has
been discovered in Austria-Hungary,
where railroad freight rates will be
raised to increase the governments
revenues. The increase proposed IS
20 per cent. 1t would affect both
the roads owned by the state and
those privately operated, the only
difference being that in one case the
money would flow directly into the
public treasury, whereas in the case
of the private roads it would have
to be taxed away from them. No
indirect tax perhaps could be levied
more fairly. Every one consumes
transportation, more or less accord
ing to his means.