davidaulloa/AmericanStories huggingface dataset:
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1916-11-13
" rInr-,ia, \ncrnoon Session.

''fl'H wv ~ - l'h ~
nouud table discussion TN, rhrcy
COLLECTION ~,stcm E,ccutiy put IN Hp
oratiuu by IN, Federal Reserve Hhn'.'
pisD1s-iuu led d., Nj ! W l'n"p"'
Wee Governor Federal i'vsct'c tHrr
ut Dallas. Texas
Report of committee ON ---oHit'"n-
krpurt Of auditing committee.
Report Of uoWiuttiuL committee.
Election OF officers.
Election Of dclcgate 80 \ T. \
convention in i'i.
Adjournment
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1916-11-13
Vu,~d,, Ntrtnoon. Nov. ~.

Tho lHdi,, vii ,utctd!u IN" ''uN-
'rs wives ~ hrIdr" q, ~" S'unuN
club Automobile VIII leave the NJ
Nnradu hrtol promptly - wn-thrN
% clock
The Albuquerque bankers VIII "n-
lcrtain AN visiting naukcrs and th"''
ladies at a banquet to hc 9" ru ~ tn'
NIAArnNn hmt.l N mlnr n-.InIk 4 ~
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1916-11-13
Nc,iuc-.la,. Nov. ~

Morning session. Nin' tri"rN
Address Nj T. " Go"aoi it"s'.
dent American lilbkor-' Association
Round t,plc discussion L"s'siail".
covering brauph hanks pis, ussion i",
hy MI g y Ela kw"ll Precedent firs
NtuouM liauk. Ration.
Adjournment tur lunch
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1916-11-13

The puusaut, For the ladies ana
tt the Ejks Home, three
tuutA o.,luDn.
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1916-11-13

karl ArWstrd Graves. q scil-~t} led
international spy and magazine writci.
vas arrested her, Si'uGda, by agent"
OF the department 81 justice and
charged with attcmpting 10 -Ntort S5.-
GOO from Countess Won Ecrusturff.
wife of III" German ambassador. D.
threatening to publish letters alleged
10 contain matter showing her ia
firmltirs aud fulWgs.
officials of the embassy also ailcs"
that Gra,. had "a ms possession wha'
apphr"ntly we're confidential coded
diplomat, dispatches from the Ger .
man government 30 Count Nuu Born
storff The prisoner told the fcdcrnl
agents he obtained an the documents
from persons Wh" -Wugglcd them past
N. British c,u-1rs ON the steam %
ship oscar II
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1916-11-13
Number of Highly Confidential
Dispatches. at Present Kissing
Were in Packet That Graves
Had IN His Posse ssion.
BERLIN WILL ENDEAvoR
TO SOLVE THE MYSTERY
All Information Has Been Sent
There for the Purpose of Ascer.
tanning, If Possible. the Nature
of the Lost Documents.

Washington, Nu, ~ The German
rrlhassy has reason tu rcr"v" that
numhcr of highly confidential di is-
patches. ~ present Wusstur. W"r, tu
the pi,kc from which hdu Armgt,r'i
Grave extracted letters ~" i, Dhttg'I
with having used ~ ru alleged ate
tempt to obtain 5000 from 'ount' &,
run R,rustorif vii, of IN" German
Ambassador
The nature uf the dispatches .s ur-
known tn, German government has
pc,u sent all available Information re
glrdine the packets contents and u-
vc-tlgttitu It iv said, viii immediate"
p, made u berlin win % view 81 ,s-
.crtuu.ug what u any secret papers
ai, missing as well a. the idoutit, n
the messenger f,om whom Gra 80
secured the letter.
], Va made clear tudat that Prince
liatLfr}di. .puu~-'lur of ~, omHn--'.
thruuph whom Graves attempted to
ltf a., S.. .uuH MAY ,"rtlfs against
im boat would prefer nov To-. lf his
testimony I- d,,mrd os''.ltitl q" th"
pia.". uttDu uI Graves permission for
mm tn appear u court will p" asked
uf Emperor William
q was learned todag thai the pa -
~ trum which Gtatos oItitucd tA"
l,ttrrr addressed 10 Countess Nuu
Bcrnstorff had been officially sealed
| %, tho German foreign office. The
| letters vui.n nav" so far nccu seen
lbs ,muas-, officials, -ir dated curl'
iu scptomb'r It Is presumed they
v'crr started on their way tu the tnl,-
yd states som, time between IN" tenth
land fifteenth ~ that month
Al details ut IA" s'ory told by
Graves last night iu Nov york were
rIdi,ul"d today a. the German cmb's-
| ay
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24

believed that Russia will be able 70
send out her surplus wheat Before
the war the regulation Of the exchange
was effected almost purely BY trade
movements, with the gold movement as
subsidiary; the par Of exchange was
regulated by the dispatch or receipt Of
gold, and. rightly or wrongly, gold was
believed TO have the power 10 flow any
where, as and when necessary. The
internal currency conditions OF all
countries have necessitated the bottling
up, as il were, OF the gold stock, and
for all practical purposes gold is no
longer the standard. In future internal
currency conditions in the different
European countries will have n much
more potent voice in regulating ex-
change rates than even international
trade Every belligerent country, as
well as some neutrais, in Europe has
vast masses Of paper money circulst-
ing It will be foolish TO ignore the
effect Of this circulation on rates Of
exchange. There Is not the least posi-
bility Of exchange rates going back TO
the levels that prevailed in July, 1914.
Not only assignats, but also taxation
and internal prices, will exert special
influence in regulating rates Of ex-
change for foreign commerce. Conse-
quently, speculation in exchange is
likely to prove far more dangerous
than speculation in stocks. 1t is very
necessary that banks in the United
States should take full control Of the
situation and restrict exchange opera
tions TO purely commercial transac-
tons
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24
The Dollar in Foreign Exchange

Again the weeks peace discussions
brought sharp fluctuations in Teutonic
exchange rates. The value OF the Ger
man mark rose early in the week to
the highest level in months. -Four
marks were quoted - high as 1915
cents, following an initial dip to Il
cents. Subsequently marks eased OF,
and closed around 10 cents. This com
pares with low record price Of 65%
cents made the day before the publ
cation of Germany's peace proposals.
Austrian kronen also improved and
went as high az 1926 cents, against q
recent low record quotation Of 1925.
The demand for marks and kronen
came largely from commercial houses
with German connections who were
DESTROYS Of arranging credits in Ber-
lin and Vienna in anticipation Of ar
early termination Of the war.
Aside from a firmer tone in Russian
rubles, which climbed to 5000 cents,
compared with a low record Of 1920,
the general market for foreign money
was not much changed. Sterling and
francs showed very little reflection o.
the international political develop
mcnts OF the period Gold imports
from Canada for British account
amounted to approximately s2i,ooo,o0o,
bringing tho total arrivals from all
sources since January /. 70 $4,000, 900.
II you calculate the cost Of the dol
lar In terms of foreign money-that is,
as II you were buying dollars with
pounds, marks or francs-its value a!
the close Of last week, as compared
with q year ago. would be about as
follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24
Cultivating Seawecd

Japan leads the world in the produc-
ton OF seaweed. and the demand for IL
has greatly developed the knowledge OF
fishermen regarding the product.
Through their need OF it they have &C
ouired tn. art Of scientifically cultiyat-
ing it. Cultivation in Toxic Bay pro-
duces 81 900 900 a year. while the total
export OF seaweed and its products
amount. to s5,o00,00o a year. II Is DR.
Yendo's opinion that among the vari-
Gus kinds OF senveed growing on the
coast OF Japan there is none which is
not utilized for some purpose. In using
the weed for fertilizer and glue Japan
lead, all other nations. The glue ia
widely used b. silk and cotton weavers
Of all countries.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24
"PEACE" STOCKS
FIRM In BERLIN
Shipping Shares Lead in
Activity on Ger
man Market

Berlin, Dee. "a Via London, Dee. 20.
The Berlin Bourss to-day followed
the example OF the New York Stock Ell
change on the receipt cf the news OF
President wilson's note, and war
babies were offered with unsecu'-
toned freedom. Values fell, while the
so-called peace stocks were strength
cncd all along the line.
American exchange, which last week
reached the unprecedented high-water
mark Of 574, and which had fallen
gradually to 562 as German exchange
on New York rose, fell solid 10 points.
Shipping stocks were particularly lively
and strong, followed closely By potash,
cement and bank stocks. japanese,
Canadian, American and Swiss paper
was offered. but found no buyers, while
Russian consols had 4 good market.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24
BUILDING ACTIVE IN
SHANGHAI, CHINA

The value % buildings under con
'euetlon 10 Che International Settle
ssnt q. Shanghai for the first half Of
Nswas approximately 100000. COM
Pared with 100000 for the whole Of
.slb These hgures represent only the
h'srnatIonel Settlement. Extensive
'l''dlrg operations are also being car
red On IA tie French concession, the
ss'1sse native city and in the suburbs.
ne large amount Of building work
" present carried on in Shanghai may
= accounted for In part by the urgent
seq o. The structures now being erect
20 The cost Of building is IN general
y per cent higher than ordinarily, and
~ belief IS that these higher figures
'Al not be reduced 20 the normal FOR
@any months 20 come The loss in the
Utra cost Of building. however, will in
most eases be Offset by bigger profits
'''altng from larger rentals and in
sssssi business
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24

The Public--This weeks issue OF
"The Odd lot Review" has few words
10 say about the public and the stock
market. Il says:
II IL Just about year aso-after the
crash which left the war brides reellnE -
that we commented upon the use OF the
term public in the newspapers. Inat
norton OF the public which comes In and
buy. recklessly at the top. regardless OF
warnings from conservative quarters, can
never win in the game 1t seeks to play
rs appetite is whetted by what It teeus
unon. and the only question Is how fat ~
will be when Il falls As we have pointed
out many times. there is another section oil
the public. and one which has grown quiet
" and remarkably in the last ten years.
The bargain hunting public. which is al
WAYS looking for the opportunity OF PICK
inc nm a line Of sound stocks and bonds
arording an unusually liberal investment
Weld. You read much in the newspapers
Of the week about the public losses IN the
market aud about Wall Street losses, too.
The section Of the public which lost most
heavily and the section OF Wall street
which lot most heavily vas the reckless
,,..oi.n section which operates on the prin-
chile OF bidding prices up and OF letting
the deluge follow after. There were Wall
Street and Chicago spectators ruined in
the break. as well es thousands OF mere
utsiders
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24
Why Platinum Is High

The British Consul az Eksterinburg,
Russia. reports that during the current
wear the production Of platinum in the
Trails has been seriously affected by the
srarcitv OF labor in the case Of hand
washings by tributers, and in the case
Of mechanical dredging plants by the
difficulty in obtaining spare parts for
dredges. The production Of platinum
in 1916 is estimated at 100 70 40 pools
$500 TO 1900 pounds, or one-third OF
the normal production. To this decrease
in output, as we'll as to speculation BY
local buyers, may be attributed the
rise in the price Of platinum.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24

Blessings come in their own way.
Or it might be more rational TO say
that people have unlimited resources
for making the best Of what happens.
Be that as it may, the fact is that
we seem often 10 be saved In spite
Of ourselves. When we are far
enough of TO see it in perspective we
shall realize that the peace panic IN
the stock market was a piece o.
catastrophe good fortune. 1t had
n come some time, and the sooner
the better. Never were people so
well able 10 bear the kind OF loss
which results from a sudden della
tion Of Stock Exchange values.
Peace has begun TO be discounted be-
fore there is an end of war. and a
lesson has been learned which cannot
be forgotten. Though the war shouid
last a year more, or two, every car
culation henceforth must include the
risk of its sudden cessation. Inc
hazards Of the situation have been
recognized. That is positive gam
We shall not have another bull mar
ket on war profits. That game IS up
az a whole. 1t may be resumed only
in sporadic and specific cases. On
the other side is the fact that al
though Stock Exchange prices are
in the average now no higher than
they were a year ago, the country III
the last twelve months has pro-
gre.sed in wealth at rate which no
one could have imagined. Securities
actually are worth a great deal mere
than they were year ago, but II
there is any disparity between the
actual aggregate increase in the
value Of securities and the prices at
which they arc quoted. on the Stock
Exchange IL is ON the safe side. That
is " say, prices st the present time
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24
Dividends

J. B. stetson.-Reaular ssmi-snnual divi-
dend OF per cent on preferred stock ana
usual January dividend Of is per cent on
the common, both payable January 10 70
stock Of record January 2.
Old Dominion steamship.-Resulsr semi
annual dividend OF 3 per cent, payable Janu-
ary 2 70 stock Of record December p.
General Gas and Eleetrie--Regulsr guar
terly dividend OF IA per cent on It's pre-
ferged stock. payable January 70 stock OF
record December p.
Central IlinoI. Public Service Regular
quarterly dividend OF !. per cent on the pre-.
ferred stock, payable January Is % stock OF
record December 80.
FIDELITY Trust-RegulAr quarterly divt-
dend OF per cent and an extra dividend or
. per cent. payable TO stock OF record Deem
Der p.
Ohio Ieather-Reguisr quarterly divi-
bends OF ! 3. per cent on the preferred ana
~, Der cent on the common stocks. with an
EXTRA dividend Of per cent on the common,
all payable December 81 10 stock OF record
December %.
York Railvsys-Ususl quarterly d'vi-
dsnd 81 ~, per cent on preferred stock. pay
able january 80 10 stock OF record January
%. and a dividend Of ga per cent, being all
the accrued and unpaid dividends upon the
preferred stock. payable January 30 10 the
stock OF record January 20.
Great Lakes Transit-Intttal dividend OF
$3.50 2 share on tho common stock and resu-
lar cuarterly dividend OF ia per cent on the
preferred stock. payable January !.
American Screv.-Extra dividend Of per
cen. and regular quarterly dividend Of "a,
Der cent. payable December 80 20 stock OF
record December %.
Georgia Railroad and Bsnking.-Extra
dividend Of / per cent and regular quarterly
dividend Of per cent. payable January l.
70 stock OF record December 80
Electric Light and Power Of Abingdon and
Roekland 49, Serni-annual dividend OF s. a
share. payable January 70 stock Of record
December 26.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24

Generally in such matters Wall
Street trusts people TO forget. II
will pass, they say. and, anyhow,
nobody is responsible for rumors.
But people do not forget 50 easily.
The pattern Of particular instance
may fade while the impression re-
mains, and, unfortunately, the pub
lies notion Of what Wall Street, is
is the sum of impressions surviving
from instances which it was sup
posed to forget. Wall Street itself
forgets, and then when II falls under
the scrutiny Of popular disapproval,
as periodically happens, 1t feels
righteously indignant. 1t is pre-
pared 70 prove its good name against
all defamers, and it has, indeed, a
very good case TO make. Neverthc-
less. it had been much better before
hand to protect its collective good
name, even from its own self-sus-
picion.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24
Saturday, December %. 1916

Wall Street is at once the most
naively credulous and the most sor-
didly suspicious community in the
world. 1t believes the tree Of profits
will grow quite to Heaven, and when
it is disappointed in the tree it will
believe anything that saves it from
the contemplation of its own folly.
The panic on Thursday last was at
tended and followed by rumors Of a
scandalous nature. Several Of the
highest officers Of the government at
Washington were said to have been
associated with Stock Exchange
spectators in selling shares for a
fall on knowledge of impending de-
volopments in the peace situation,
including Mr.. Wilson's note to the
hclhgerents and Mr.. iansing's un-
fortunate explanations the next day.
The thought is intrinsically mon
strous. II had its origin apparently
in. Wall Street; at any rate, it was
rapidly developed among members
Of the financial community, who sus-
pected each other and were not
above saying with cynical depravity
Of mind that they themselves would
have been glad 10 underwrite certain
contributions 70 the Democratic cam
paign fund If they had known the
kind Of dividends that were going
10 be paid. II is difficult TO be
specific. Il would be unfair to be
come personal. Wall Street is not
everybody. IL is 4 community. The
public is prone to Judge It as q
whole. sometimes as it deserves TO be
Judged. but more often with q degree
Of prejudice which is hotly resented.
There is generally some basis for
prejudice. What does Wall Street
think Of itself as a community when
some Of its respected members are
capable Of believing that one or more
Of their number grossly commercial
lied in stock speculation, joint &C
count with members Of the govern
ment, contributions which they had
made TO a political cause? What
shall the public think Of Wall Street
if it thinks so i'll Of itself? IF the
things alleged wore the slightest
color Of truth they were not things
to be discussed ironically, but with
gestures Of shame and humiliation.
Then amends TO common decency
should have been made by calling the
suspects TO account, and, il found
guilty, expelling them from the
Stock Exchange for behavior calcu-
lated to bring disgrace upon Ameri-
can finance.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24

Southern Pacific.-The Southern Pa
cifc Company issued It's November op-
Grating statement yesterday. The road
showed gross earnings Of sl5,134,5oo'
an increase Of 1857, compared
with tho corresponding month Of last
year. Net after taxes totalled s5,oO2,-
$50. an increase of s724,9e9. Both
items we're tho largest for November IN
the company's history. Southern Pa
cifc is now earning at an annual rate
Of about 10 per cent on the s272'6H'-
600 common stock, compared with 1923
per cent actually earned last year anu
7 % in 1914
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24
Relevant
Information

United States Stcel.-Last week 5
dealings in United States Steel common
exceeded the record total OF 100000
shares OF the preceding week. The
turnover amounted to 100000 shares.
In two weeks an amount equal 20 more
than the entire outstanding capital
stock Of the Steel Corporation has been
traded in on the New York Stock Ex-
change. Steel closed at 1868. COM
pared with 114iA week ago. Its low
was 1908, made on Thursdays break,
compared with a high record price OF
1884. what Steel did during the week
is shown In the following table:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24

The above rates express the cost Of
foreign money in terms Of the Ameri.
can dollar. You buy an English pound
sterling for si.75is; the intrinsic par
ity Is s4.ssss per pound. Thus, you
say either that pounds are at n dis.
count or that dollars are at a pre-
MUM. which is owing to the fact that
in England the demand for dollars
with which 20 settle accounts in this
country is greater than the demand in
this country for pounds with which to
settle accounts in England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24
After the War

| think that when the war ends the
imports to France from the United
States of iron and steel will be CON
fined to special forms, and that France
will be able 20 compete not only with
the United States but also with other
countries in the matter Of exports OF
general iron and steel products.
With the port improvements contem-
plated at Bordeaux and Msrseilles.
worldwide markets will be opened for
France. The contemplated improve
ments at both these places will no
doubt be fully cared for in other ,pe-
cial reports, or perhaps in the general
body OF the report which the commits
sion may issue. The canal at Mar
settles should receive special mention
in the general report.
The tariff question in France is in
about the same condition as in the
United States. with the exception tina;
in France customs duties are handled
quickly and settled expeditiously by the
government. Duties may be raised or
lowered over night 10 meet eontin
gencies.
The labor in French iron and steel
plants is paid very much less than in
the United States; in many instances
one-hslf and even less. There are very
few disturbances, and dictstorisl labor
unions such as we have in the United
States are unknown in France.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24
Other Cities

Boston Coppers.- Boston, Dee. %
Irregulsrity prevailed in the local min
ing shares market to-day, some issues
increasing their gains of yesterday and
others receding slightly. A few showed
net gains for the week. The close was
steady. Copper Range, Go; Allouez,
62is: Old Dominion, 65.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24
News Digest
Foreign

Paris Bourse.-Paris. Dee. 25.-Prices
were unchanged on the Bourse to-day.
Three per cent rentes, 90 francs SIS cen-
times for cash; exchange on London,
q francs S1l5 confines; per cent
loan, 80 francs 20 centimes
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24
New York

Chatham & Phenix Bank to Move
The Chatham g. Phenix National Bank
will move this week from the corner
of John Street and Broadway, where It
has been located for half century, TO
the Singer Building.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24
lmports. Exports.
Argentina's Foreign Trade

The Argentine trade for the Art
nine months OF the current year
amounted in value 20 1851, 776i64 gold
for exports and sl63,57i,lSl gold for
imports.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24

Below Is given the current exchange
value OF foreign money IN dollars and
cents. together with the intrinsic gold
parity, as calculated by the United
States Mint;
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24
,o,,cr m ,,,r,,rr1o~ or BoNps

NOTICE. rs HEREBY GIVEN thst n,
csa.fy az Iersr-ou. IN tho state o'
Montana. vlu redeem upon prsssn selioh
',fclrh % County Treasurer con. siIl "a,
"a 81 r, a., re- cent HefurdinE Bones
rst.ts-sf e. - % so o.. S2 Sc. -. 60
- 9. a. te fo oil. 90. % 90. %. So oi
t. Series fGaf-ftff.
o. and arer fhirty days from no nNte
tfrscf Interest vli cease on ssid notuS
Dtttt e. Boulder. Jefferson county MOI
nra Ills cen f.v o. December, 1915.
~ order az th. Board o. County com .
ssiofsrs cf JEFFERSON County, STATE CT
A0cttra
n. p HOUGHTON. County Clerk.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24

The statement was Disappointing. II
had been supposed that the drastic
stock market liquidation OF the week
would he reflected in substantial de-
crease in loans. As matter OF fact
loans actually increased si,7l2.ooo' in
dieatinr that the reduction in Stock
Exchange loans had been more than
Offset by credit operations IN other
quarters. Despite the large gold I'M
ports OF the week. tho surplus OF 70