davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-01
COTTON CROP IS
MUCH IMPAIRED
Yield of Only 11,SO0,0OO
Bales Forecast by the
Government.

Washington, Aug. 31.-Further de-
terioration of the growing cotton
crop during August has reduced the
estimated final production by l,ll6,OOO
bales to a total of l1,sO0,000 bales.
That forecast of production was made
to-day by the Department OF Agricult-
ure. basing its calculations on the
condition OF the crop on August 20.
In a statement summarizing condi-
tions, the department said:
august was unfavorable for cotton
in almost all sections of the cotton
belt. In the western section the crop
deterio-a.ed severely in Oklahoma and
Texas, because of extreme drouth over
large areas, which caused the plant TO
stop fruiting and shed. Weevils dam
aged the crop considerably in Eastern
and Southern Texas, Southern Arkan-
sas, Western Florida and Southwest
ern Georgia and disastrously IN MIS-
sissippi, Alabama and portions of Lou
isiana.
"Much Of the crop in Southern Mis-
sissipi and Alabama, because Of rain
and weevil damage, will require from
ten to twenty acres of land to pro-
duce a bale of cotton. In the CarollnaS
and Georgia hot sunshine following
the July rain on the sappy plant
caused much shedding.
Lack Of fertilizer, which was leached
from the soil by the July rain or with
drawn by grass and weeds, is shown
by the appearance of the plant, when
seems TO have reached maturity with
a small stalk and lack Of fruit. There
are many grassy fields in the Eastern
states. Caterpillars are reported IN
Texas. Louisiana, Florida and Georgia
but have done no material damage
as yet.
picking is general over the south
ern half OF the belt and even in Okla
homa. where there is much premature
opening. Virginia, Tennessee, NORTH
west Mississippi, Eastern Arkansas and
Missouri have good TO splendid crops
of cotton"
The condition Of the crop on August
% was 61.2 per cent Of normal COM
nared with 1913 last month, 69.2 last
wear and 1875, the average for the last
ten years, on August %.
The condition of 61.2 per cent Is
the lowest reported in August during
eight wears. as the following COMPARE
sons show:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-01
Wm.A. Read&CO.
New York
Chicago Philadelphia Boston London
AMERICAN-LA FRANCE FIRE ENGINE
COMPANY
Notice OF Redemption OF General Fires
MortRaxe Bonds.

To the Holders Of the Bonds issued unde,
the General First Mortgage and Deed OF
Fire Engine Company 70 the Bankers trust
Company. Of New York Ctfy, as Trustes
dated April !. 1904: ~
Pursuant 20 the provisions OF Article ~
Of the above-named indenture, you ars
hereby notified that this Company hss
called Tor redemption all Of the bonos
issued under the said First Mortgage anS
Deed Of Trust and now ouistsndins' snep
that upon the first day Of october, lslt,
there viii become and be due and payAo.9
upon each Of such bonds tho prlnclpH
thereof with n premium OF nys per CEN
tun OF such principal and the accrued IN
terest 70 said first day Of october, 1910.
You are further notified that on sald NJ
day Of October. 1915, this company WIZ
pay all OF said bonds Issued ana no" ouN
standing. together with premium OF 80
per centurn OF their par value and interest,"
accrued from the last matured interest," m
stalment AZ Bankers Trust Company, 20
Is Wall street. IN the city OF New fors;
upon the surrender Of said bonds ana OF az
coupons for interest thereon not due AZ
said date Of redemption. but In no case ~
cept upon surrender OF such bonds sno OF
ali coupons for interest thereon not thsa
From and after said date OF red.np'ion.
namely. October !. 1915. no further intei
est Will accrue upon any Of sad honds Aho
an coupons for interest thereon m~turNhs
after that date Will be null and void
AMEKGCAN-LA FRANCE FIRE EN"AH"
COMPANY. INC. -
As Successor 70 AMERICANA FRAN"
FIRE ENGINE COMPANY,
By JAMES r. CLARKE.
President
New York City, July =. 1915.
Sackett. Chapman & stevens Atorneys
Mortgagor 1874 Nassau 81. NlrioeH'
Buildng). New York city.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-01
s WEALTH MARKETS AND COMMERCE IN

became too powerful, and then the
states and communities that had
granted them subsidies-that had
nursed them into being-turned
upon them and defined the limits OF
their powers.
Industries were fostered in the
same spirit, by high tariff protec-
ton and by other means, until they
had outgrown their infancy and be-
tome arrogant giants, and then their
power was limited. That was neces-
sary to maintain the equilibrium.
Organized labor in the like spirit
has been nursed, until now four rail-
road brotherhoods have the power
to plunge the country into what Sen
ator Newlands calls domestic civil
war" and what the President has
called tragic national calamity.
If you will read the news dis
patches from Washington you VIII
be almost persuaded that the re-
sponsibility for plunging the coun-
try into domestic civil war rests
anywhere but on those who have de-
clared the war. If a Senator in
sists upon his right to debate at
length the legislation which Con-
gress in its panic is about to enact
to save the country from this peril,
he is asked if he wishes to become
responsible for a strike and all Its
calamitous consequences. II the
railroads insist upon arbitration
they are asked if they fully appre-
ciate the responsibility Of casting
upon their country this burden OF
suffering. As the railroad repre-
sentatives turned their faces from
the White House the President, over
come with the sense of their re-
sponsibility, said: God help you.
Then he put the load entirely upon
the railroads when he said to Con-
gress that they had thought it best
to yield, not by counsel, but by the
suffering of the country.
Strife is good. A state of society
in which recommendations and re-
adjustments were unnecessary would
be hopeless, changeless and inert.
But when one group alone has the
rover to say that all other groups
shall adjust themselves to it and &c
unwilling itself to make any adjust
ment, it must be asked whether the
power of. that group is self-llmited
by a sense Of moral responsibility.
If it is not, then it has become
necessary for its power to be lin
tied from without. That is the
question in this case.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-01
Tri-Bullion Smelling Litigation.

The Tr-Bullon Smelling and De-
velopment Company, through its coun-
sci, Brown, Cooksey g. Myers, has in
stituted an action in the Supreme
Court, New York County. against Ellis
p. Earle, John B. Corliss, Allen Curtis,
Leonard G. McAneny. Howard Paschai,
Louis r. Pierson, Scott +. Welker and
K. J. Marshall, former directors Of the
company. for the recovery Of $4,000
which represents the amount misap-
propriated from the treasury of the
company by Harry j. Clarke, its former
treasurer.
The complaint in substance alleges
that these Interpretations were
made possible owing 10 the careless,
ness and neglect of the former board
IN exercising the duties Of their office.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-01
FOREIGN PRESSURE
ON AMERICAN MILLS
Continuing Urgent Demand for
Steel Products and Pig Iron.

Foreign manufacturing interests are
actively and urgently in the market
for rolled steel products, aside from
bars, billets and forgings used in
making war munitions. Domestic mills
are more interested in commercial
shapes now, but on shipbuilding ma
terial Eastern and Western Pennsyl-
vania and Chicago mills have very
very little capacity 20 sell before the
third quarter of next year. Japan and
Italy have already placed substantial
orders here for ship plates aggregat-
ing $4,000 tons in the last month or
so, and are now urgently in the mar
ket for additional marine steel aggre-
eating between 10000 and 10000 tons.
Chicago reports an inquiry for 2O,OOO
tons of bars. plates and shapes from
Japan. and Eastern Pennsylvania mills
are being pressed to accept con-
tract for 1000 tons of marine plates
for six boats to be built in Japanese
yards. Another inquiry for 6,OOO'tons
of ship plates has been refused by an
Eastern Pennsylvania mill, and an
other prospective foreign order for
1000 tons of marine plates is going
begging.
Italy Is more than ever dependent
upon this country for pig iron. While
there are three or four Italian blast
furnaces active. the output is entirely
INADEQUATE to meet the present heavy
demand. In the last week about 4'ooV
tons of foundry iron and 1,Ooo tons
Of low phosphorus have been shipped
from Southern ports to Genoa, Italy,
and inouiries are still in the market
for $4,000 tons of Bessemer ana lo'ooV
tons of low phosphorus for export TO
the Mediterranean. France is also
negotiating for about 10000 tons OF
Bessemer iron, and new inquiry was
put out yesterday for 400 tons oil
foundry iron for Great Britain.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-01
WAR BUSINESS
AND BEYOND
Comment on Conditions
Present and Future by
the City Bank.

The September letter Of the Ma
tional City Bank, on Economic
Conditions" contains a very intec-
esting discussion of war prosperity.
Under the head Effect of War
Orders" it says:
The hesitating spirit which was
noticeable in business circles a few
months ago has been changed by
the vigorous renewal OF war
orders. and other evidence that the
foreign demand upon our indus
tries ia not likely 10 cease at an
early day The great buying move
ment early in the year put enough
business on the books in most lines
10 assure activity throughout 1916.
Then came a lull, and a DISPOSE
ton to prepare for the end of the
war and lower prices, but on Au-
gust !, in the opinion of competent
judges, the prospect looked more
like two years of war than il did
a year ago or at the beginning.
The effect was to start a new buy
ing movement in steel and other
commodities and 10 stlffen prices.
With no material change in the
situation the next few months
would see the country's industrial
capacity sold out practically TO the
last quarter of 1917.
There are reservations as 10 the
immediate future, based upon the
limitations of national facilities:
Meanwhile, under the shadow Of
the strike, business continues at a
record breaking pace, every line OF
industry contending with labor
shortage and scarcity of materials.
Even if the railway dispute is for
tunately settled the outlook this
fall is for the most serious car
shortage and blockade ever known.
The most interesting comment re-
fers to post-bellum uncertainties:
Upon general principles, the
business man breads uncertainties,
and so common opinion looks 70
the end Of the war with appre-
hension. The further away il is,
the better we will be prepared for
1t, is the reasoning. We are re-
ducing our foreign debt, getting
our goods into new markets, de-
veloping new Industries, paying of
debts and accumulating capital.
Surely we are strengthening our
position. These are positive gains
and igh good many 1ppre-
tensions and warnings. Prudent
people, however, cannot forget that
the longer present abnormal oondl.
tions prevail the further we shall
get from the natural state of in
dustry and trade 10 which We must
return when the war is over
Wages are still advancing, and the
process Of adjustment TO tenn
porary conditions is still going on.
Il is not comfortable to feel that
we are working under an unnatural
stimulus, and that every month Of
these conditions will make the fol-
lowing reorganization more diff
cult.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-01

"The plan which the directors of
the General Motors Company are
considering" says the euphemistlc
Wall Street news item. provides a
comprehensive recapitalization by
which the enormous assets and earn
ing power of the company will be
brought more closely in conformity
with the share capitalization" II
would be more exact 10 call it plan
by which the shares Of the company
will be brought within the reach OF
the little capitalist, call him an in
weston or a Spectator, as you pre-
fer. When a stock sells at several
hundred dollars per share it Is mac
cessible TO him. II is fancy. He
cannot buy il with his broker on
margin. Therefore, it often happens
that the directors invent q plan
whereby the enormous assets and
earning power may be spread over
a larger number of shares. The
number Of shares is multiplied and
the price per share reduced accord
ingly. Then there can be a market
for the stock. People can buy it;
it can 20 up and down, and some
body can sell it. Invariably, the OBJ
jcct Of such reimbursement Of capital
ization is 10 make a market for the
stock, and the object Of making a
market for stock is 10 sell IT, If
nons cL, the original proprietors
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-01
Panama Canal Earnings.

Including the earnings OF tolls for
the month of July, 1916, amounting 10
$500 1923, the tolls collected on traffic
passing through the Panama Canal
from the beginning of the towing of
laden bargcs between the terminal ports
in May, 1914, have amounted TO S7,2l7,-
$50. According TO the August rs issue
Of the Canal Record" the collections
from vessels in the coastwise trade OF
the United States formed Si,923,i22 Of
this total.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-01
The weekly statement Of the Bank OF
France shows the following changes:
The Dollar in Foreign Exchange

Russian rubles reacted, as was not
unnatural in view Of the considerable
rise that had taken place. The day
before the ruble in London declined,
though it continued here TO rise. Ger
man marks touched a new low price, at
7O2.. Scandinavian money also de
clined. Closing exchange rates on the
principal financial centres Of Europe
were as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-01
Thursday, august 81, 1916.

The abrupt recovery in security
prices was perhaps partly owing to
the belief that Congress would save
the country from the disaster of a
railroad strike by enacting in haste
an eight-hour law, but much more
than that it was a verdict on the
position Of the stock market itself.
This has been tested in a remark
able manner by the events of the last
few days. That prices had declined
but nominally in the face of DELHI
crate preparations for labor strug-
gle the consequences of which none
could foretell was proof conclusive
of what previously could have been
only inferred, namely, that in spite
of the enormous liquidation of the
last twelve months from abroad Sc
curities are very strongly protected
in the hands wherein they lie. There
is no vulnerable speculative interest
to be prepared upon by bearish
spectators. Those who, disbeliev-
ing this, had sold heavily for a fall
found it difficult to undo their con-
tracts without loss. Most of the ad
vance was probably the result of
short covering. There was no evil
dence and very little intrinsic prob
ability of an organized effort to lift
prices, pending a settlement of the
matter at issue between the rail
roads and the brotherhoods.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-01

The average condition on August %
for the past ten years has been 72.5.
There was q violent rise in prices on
the New York Cotton Exchange yester-
day. Details will be found in another
column under commodities"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-01
Current

The above rates express the cost OF
foreign money in terms of the Ameri-
can dollar. You bug an English pound
sterling for s4.75iI; the intrinsic par
ity is s4S6Fs per pound. Thus, you
say either that pounds are at a dis
count or that dollars arc at premium.
which is owing TO the fact that in Eng
land the demand for dollars with which
to settle accounts in this country is
greater than the demand in this coun-
try for pounds with which to settle
accounts in England.
If you calculate the cost of the dol
lar in terms of foreign money-that
is. as If you were buying dollars with
hounds, marks or francs its value
Yesterday and a year ego would be
about as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-01

wished to sell out, it would not mat
ter that the price per share was so
high as to put the stock beyond the
reach of the public.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-01
BUSINESS TROUBLES
BANKRUPTCY PETITIONS.

MARGARET A. DONOHUE. school teacher. OF
5li West 1924 81. has fled petition with La
biliiies of t3.32S Tor borrowed money on notes
and no assets There arc seven creditors. among
whom are the Rev Joseph A. Douohue 5000: Mrs.
NJ sehacher Mount Vernon. 81 900. aud James
c. Farrell. Albany. 5000
ALBERT y. GARTHwAITE. contractor and
builder. o. Workers has acd a petition win Ia
bnities Of $40 -oi and no assets Among the
creditors are the Yonsc-s Builders supply Co.
400. AMI the First National Bank. u Yonkcrs.
t11G
HERMANN r LINDEN ic9eller o. 333 East
l9th sf. has BLEED petition with Liabilities of
81 SO and no assets
PHILIP StUlIT dealer iu novelties. " ZOOS
Garrison ave-. las fled petition il bankruptcy
with liabilities ~ s6..i1 and assets Of siNl2. con
.,'ins 81 accounts. s3li6. claims. Sli-4 notes.
sl3i. and fixture. s..
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-01

Below is given the current exchange
value of foreign money in dollars and
cents. together with the intrinsic gold
partly as calculated by the United
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-01
Finance Economics

GARET GARRETT, Editor
WALL STREET OFFICE Telephone:
Mills Building, Is Broad St Hanover ooI4'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-01
Sub-Treasury. New York banks los

Sub reaSurN. New 10TH DdHhS lOst
to the Treasury S965,OOO.
Silver Bars in London, 81 pence.
Bars in New York, 67H cents. Mexi-
can dollars, 51&i@55%i cents.
Bank of England. The weekly state
mcnt shows a decline in the ratio of
reserves to liabilities from 26.15 per
cent last week to 219l per cent this
week. The principal changes were as
follows:
Total reserve decreased. 81 ,565,Oo0
Circulation increased........ $4,000
Bullion decreased. ......... 949,416
Other securities increased. 2,694,C0O
Other deposits increased. .... $4,000
Public deposits increased. go. $4,000
Notes reserve decreased. .... 1,465,OOO
Government securities unchanged.
The totals Of these items, compared
with a year ago, are as follows:
This week. Last year.
Circulation ....s36, t51. 900 f32,S24,0o0
Public deposits. 5236i,Oo0 137,935,Ooo
Private dcpositsfo2. 10000 9792t.O0o
Govt securities. A2,t83,O00 44,4is,0o0
Other sccuritics et,9}1.Oo0 145, 10000
Rcscrve ....... 5o,f9o'OOO ot'ooo'COu
Bullion ....... 56,t97, 900 6s,433,oo0
The rate Of discount is per cent. A
year ago it was 3 per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-01
Daily Imports and Exports.

Daily imports and exports Of general
merchandise at the Port Of New York
were:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-01
RECEIVER APPOINTED.

G. W. pllLINGHAM CO.-Judgo A y. Hand
has appointed Francis l.. kohlman receiver for tho
g.. ". Dilngham Co. book publisher a 42l East
2ith St.. bond s. 900 and restrained the sheriff
from interfering Win the property n tho company
IN The execution 81 Vernon Bros. & 60. for 81 .2at
Tho assets are estimated al s. 0c0. IN books. paper
ard plates. II Was alleged on information and
belief that IN July the company Transferred books
and papers 20 J. j. Little a Ives 60. 10 prefer
~. and the latter company also claims lien soma
~ tie a.scts aud n ~ ncccssar tha there should
he some one in authority % preserve tho rights
~ The biliugham GO. and also iAc ilghts 81 t,e
rrr.l.tors. Later ln the iay iudg, Hand ordered
tho SlrI- to deliver tho assets seized DE- hiH t0
tir rr r!fer. NhD must pay 'he uoIniase fees out
~ thr drt proceeds % come into The hands ~ tho
receiver
BANKRUPTCY SCHEDULES
RALPH 4 SHEPARD ~ 700 Fifth ave has
rfol .rheiuics showing liabilities ~ $1,000 and
available srfrts. lie has claim u $500
fof improvements 10 house. % doubtful value
Most ~ ihe liabilities Vrro contracted in concord
AMI Boston Tor borrowed money and notes.
Among Tho creditors are n Shopsd. Brookl'nc.
Ma $40 aia loans. Auablt Asso-iaies Inc, Con-
cord. siI9l rent. and W. j. Burns Information
pein-ule AXrncy. $40.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-01

Bank of FrarEe.-Pariu. Aug. Sl.-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-01

Bank Exchanges. The days clear

ings at New York ard other cities:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-01

The rate OF discount is 6 per cent. A
year ago IL was 9 per cent
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1916-07-27

Subscribe FOR the Dany Express
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1916-07-27

Miss Elsie McManus, who has beon
attending the Edmond Normal. re-
turned home today.
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1916-07-27

Burney Ray will leave tomorrow for
st. Louis, where he will be the guest
of his aunt, Mrs. Arthur Wharton, UNI
til the opening of school.
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1916-07-27
Beware of Ointments for
Catarrh That Contain Mercury

as mercury will surely destroy the sense
of smell and completely derange the
whole system when entering 1t through
the mucous surfaces. Such articles should
never be used except on prescriptions
from reputable physicians. as the damage
they will do Is ten fold to the good you
can possibly derive from them Halls
Catarrh Cure, manufactured by f. ~
Cheney e. CO. Toledo. o.. contains no
mercury. and is taken internally. acting
directly upon the blood and mucous sur
faces of the sytsem. In buying Halls
Catarrh Cure be sure you get the genu-
inc. 1t ig taken internally and made in
Toledo, Ohio by F. J. Cheney & Co. Tes-
timonials free
Sold by Druggists. Price TIC per bottle.
Take Halls Family Pills for constipation,
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1916-07-27
RI Personal
: Mention

"Peg O. the Ring" sugg tonight.
Joseph Smith went to Lindsay this
morning ON business.
Get your harness and harness re-
pairing at Wadsworth a White. 5-7-tf
Mrs. Joe Frey OF Pocasset was trad
ing in Chickasha this morning.
Judge r. M. Bailey made a business
trip to Oklahoma City this morning.
Qualty plumbing; prices right. Roy
English. Phone 34i. 2-Stf
Mrs. A. II. English Of Ninnekah was
trading in Chickasha yesterday.
Mrs. e. u Dawson and little daugh-
ter Jan. went to Oklahoma City this
morning.
All star circus, peg o. the Ring"
at Sugg. 1t
Miss oline Taylor OF Oklahoma City
spent last night with home folks in
Chickasha.
Apricot sherbet at Brownson's foun-
tain, made to please particular GUS
toners. It's different-try it, 24-St
Miss Alma Cochran is home from
Edmond, where she attended the nor
NAL school.
Hewett williams left Tuesday for
four weeks visit in Houston and 9th
er Texas points.
In the good old summer time"
there's no better place to go than
Brownson's fountain. Sample our
curbstone service for auto parties.
24-3t
Henry WiIlmering, candidate for
corporation commissioner, was a visi-
tor in the city today.
r
Mrs, Otis Anderson and daughter
Gladys are visiting relatives in Guth-
rie.
Grace Cunard and Francis Ford in
peg O the Ring" att Sugg. It
Miss Jenlizbeths Emanuel left this
morning for an extended visit with
her uncle in Frederick
You will feel better il you try Wren
teed Blood Purifier. Get it at wren's
Drug Store. 26-3t
Miss Jewel Burton, an 0. G. w. stu
dent, spent last night with Miss Alma
Cochran en- route to her home in Sny-
dor frot,, Trdvoond
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1916-07-27

peg O. the Ring today at sugg.
-4
Mrs. Rabe Graham OF $40 Illinois Is
reported III today.