davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-14
RUSSIA SELLING HER
OWN NOTES IN JAPAN
Report of a British Endorsed
Loan Is Not Confirmed.

Russia, as the London cables inti-
mate, may be considering the fiotation
of A 2O0,000,0 900 loan in Japan, bear
ing the Endorsement Of Great Britain,
yet Japanese bankers here, who ought
to be in n position TO know of such
transaction, had no knowledge of it
yesterday. They admitted that Russia
had been buying heavily of war sup
PLIES in Japan, but said that so far no
great difficulty had been encountered
in financing such purchases.
Only last week, it was learned, the
Russian government sold in japan TO-
100000 yen $4,000, OOO) of one-year
6 per cent Russian Treasury notes.
This operation was arranged solely for
the purpose Of meeting Russian obliga-
tons with Japanese munition manu-
facturers. A Japanese banker, in
speaking of this transaction, said yes
terday that Russia still could obtain
substantial amounts of credit in Japan
owing to the great ease Of money there,
hut as to the feasibility of Russia bor-
rowing such an amount as 40O,OOO,OOO
yen $500 ,OO0,O0O) there might be some
doubt. In other banking quarters it
was not believed that Russia would
rlace herself in a position where she
would have to seek the Endorsement of
Great Britain. although it was thought
she would not be averse to borrowing
directly from the British, as has al
ready been done on large scale. Brit
ain, it was suggested, might borrow in
Japan and then turn the proceeds to
The use Of the Russian Treasury.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-14
chicago and North Western Railway @

NOTICE or ANNUAL Mkt IT, a.
The Annual Meeting - the sloC CI n,Y n,
way Company will be held a. ne or !
the company. 226 West Jackson Bou. -,
in the civ 81 Chicago. Illinois On ~.
Gay. october 70. 1916. ar eleFen . 49,
4. NJ. FOR the election or Dir'.ss.s,, I,
the transaction ~ such ofher pIsH'''
NAV come before said meeting. ,,.-s,-
Transfer books will De closed on I sS,,.,
September Is, 1916. AZ The close OF y. -,
on that day. and win be reopeHe9 "
day. october -. 1916.
Dated. September 7. 1918 .,i.,t
RICHARD ". ASHTON,
Holm ID CALDWELL. recreiary.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-14
The Dollar IN Foreign Exchange

Russian exchange continued to dis
play weakness, rubles declining to
%I.75. compared with 1926 the proceed
ing day. The drop in the rate is at
t-ibuted to the delay in the announce
ment Of the new s5O,0OO,ooO Russian
credit. Francs were strong again and
cables advanced TO 5.S5i2.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-14
Other Cities

Boston Coppers Boston sep. , e.,
Local coppers were active 'o.'' Prize
ing in extraordinary volume, n
continued to climb fraetiohal,, iloss;
close was generally higher: = s.l
664 CRANKY. So; Copper Range
Ola Dominion. -.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-14
The Free Gold Market.

England has always boosted that she
is the only free gold market in the
world. She has tried 10 substantiate
her claim b. pointing out that her
bank notes and currency notes are at
present the only notes w,-ich are le-
gally convertible in gold. Up to the
outbreak Of the war England's boast
came true. London was the place where
the gold Of all parts Of the world con-
verged. 1t could only do so if free
cfluX was permitted. As an English
writer has put it lately, a free market
in gold means that if a foreigner is
owed pounds sterling in London he
must be paid the full face value Of
what is cue him in gold, if he wants
gold" At the beginning of the war this
system broke down. England's creditors
were not paid in gold During the FIRST
August week in 1914. in fact, they were
not paid at all First. there was the
extended Bank holiday; then, when
their claims fell due. they were post
poned BY a moratorium. England in
sisted or being paid in gold. From the
first Of August, 1914. TO the end of that
year the United States had to export
nearly 100000, 00-almost exclusively
to the Allies. Chronicle 1918, | 1898
England herself suspended all pay
rnents Tho moratoriuD, sho ;peis.od
upon was probably wise measure, ne
cessitated by the circumstances. No
blame is due 10 British statesmen for
having had the courage TO take an ex-
ceptional step. But il is perfectly
ludicrous that nation which had TO
suspend the payment of her debts for
eign debts included for several months
struts about the world as the teacher
of international financial morals.
Lombard Street, a British author
wrote, will have 10 moderate its boasts
about the only free and open market in
the world" II is quite true to-day
that OIL the statute book the notes OF
the Bank Of England and the currency
notes are convertible in gold. II it
were done on a big scale n panic would
be unavoidable. For. even il the bank
deposits could be ignored. the combined
issue of the bank notes and the cur
rency notes is fii0,000,000 while the
Continued on page II. column 1.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-14
German War Finance
Review and Discussion of Conditions v
Precedent in Modern Times.
IN PROF. NORTH JULIUS BONN

These articles are for The New York Tribune by
Professor Julius Bonn. Dr. Bonn IS the president o. "e
Commercial University the City Of Munich which cdS organ
led bu him in 1910 He professor political economy at the
Lnrersity Munich Since the outbreak Of the European Vdr
he has held the Schz professoShp at the University OF
Wisconsin Modison and the Jacob H. Scht ctWehp at CorneH
JniUersify, IthGcd.-Ed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-14
CORPORATION Returns

s. n. kress.-August sales ine's s.l,,
sllS.7S5 over that month IN isi0. 8,
in the eight months ended Ausu' \
amounted to ss.579.2l5, an inere'" q.
st.s6f.545. or 1913 per cent over
corresponding period a year ago
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-14

The above rates express the cost OF
foreign money in terms Of the Ameri
can dollar. You buy an English pound
sterling for s4.75it; the intrinsic par
ity is S4.S6tS per pound. Thus. you
say either that pounds are a. a dis
count or that dollars are nj n premium,
which is owing TO the fact that in Eng
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-14
The MinnespoIi, & 81 Loui. Rsii i','1, /,

me hlnneap"h> - -. ,rrsuani y
Notice Is hereby given thst ~ sanBs
tho Bylaws of the tompen, rts MINT.
apolis { s., louis Railroad co9mp'nn. :.
Iowa viii be held in Che enc rori
Companv in the city Of rs None ,r,.s,
on tuesday. october 3. 1912 s'sctr.
o'clock noon. for the purpose .,,,, o,s,'
directors and the Transaction on b. sors fs'
business as may legally come
meeting -.,... p-esifsnf
q DOAN. secrei4il
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-14

Below is given the current exchange
value OF foreign money in dollars AMI
cents. together with the intrinsic gold
parity as calculated by the United
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-14
"Wednesday, September IS, 1916.

Wall Street knows perfectly the
state of mind of the farmer at the
circus who gazed incredulously at
the giraffe and deliberately said,
"There amt no such animal For
once realities have exceeded the most
acquisitive dreams. Nobody quite
believes what he knows TO be true.
1t is impossible. The copper pro-
Queer proves to himself by contracts
and arithmetic that he has sold his
entire output for six months ahead
at a profit Of Is cents a pound, and
then exclaims: 81 don't believe it.
How can it be true?' The specula-
tor who remembers what a lot of
courage it required to buy United
States Steel common eighteen
months ago at 80 when it was not
earning a dividend does not know
whether he was the greater idiot to
have sold it at 80, for a profit of so
points, or now to be buying it back
at par. He says to himself: 1.-The
earnings this year will be $40 a
share over the 5 per cent dividend.
In the first half of next year, on the
orders now in hand, the profits will
be $25 a share. Forty and twenty
five make sixty-fve, so that when |
pay par for the stock I'm buying
it really at 80. But either ! am
dreaming now or was crazy to sell
it at So" Then it goes up 3 points
more and he sells it, because he can
not imagine that what he believes is
true. Corporations that had been
chemically bankrupt for years are
suddenly so rich that it seems
scandal. Profits are prepoSterous.
Relations have changed. Formerly
the knowledge that half million
shares of one stock had been taken
over by Wall Street syndicates from
foreign holders for purposes of
liquidation would have been treated
as a bear argument. That would be
the last thing a trader would buy to
90 up. But now that amount Of
stock is nothing. You could find
twenty spectators in an hour ready
to take the whole Of it as an ad-
venture. This is not to say that a
spirit of reckless speculation is
abroad. They would sell it too soon.
Nothing so amazes spectators as
their own moderation. They are
afraid to trust evidence of their
senses. The imagination is over
whelmed. Conservatism is a refuge.
A man will tell you that he cannot
see anything to stop Steel common
from selling at $50, and in the next
breath that he has sold all Of his
holdings. Why? He cannot tell you.
He just couldn't stand it. The fabu
lous is true, but it is fabulous still.
Railroad shares were stronger
than on any previous day of what
may be called the present rise. 1t
is not remarkable. One problem of
the railroads is how to keep their
ribs showing. They are under the
embarrassment Of trying to prove
that their fat is not real, or, though
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-14
LACKAWANNA STEEL
COMMON DIVIDEND
Directors Place Stock on 6 p. C..
Annual Basis-Notes Paid Off.

Another tangible reflex of the war
prosperity now enjoyed by the steel
companies Of the country was fur
nished Yesterday BY the Lachawanna
Steel Company, whose directors placed
the common stock on per cent an
nual basis. This is the first time the
common shares have received dlvl-
dend since January 81. 1918. when an
initial payment OF / per cent was
made.
In announcing the dividend, payable
in four quarterly instruments Of IL
per cent each. the following official
statement was issued:
Directors of the Lackawanns steel Com
many. being advised that the company had
maid off all moneys borrowed in connection
v.i,h the redemption OF the company's two
year per cent gold notes. has completed the
payment during the last two years Of Slo.-
600 600 face value OF funded indebtedness.
a nd that the company was now free OF hoat-
Ing indebtedness. and that the privilege OF
discountinp payments for current supplies
rad been regularly availed Of felt that. in
view Of the large current earnings. II was
proper to begin distribution TO stockholders.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-14

Another S1O.OOO,OOO parcel OF
gold. Another $5O,OOO,0OO addition
to the lending power of the banks.
Each dollar Of gold added to bank
reserves increases the potential sup
ply of credit about 50.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-14
Daily Imports and Exports.

Daily imports and exports Of general
me rchandise at the Port OF New York
were:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-14
Money at Chicago. - Vice-President

Arthur Reynolds of the Continental
and Commercial National Bank says:
while loans in this bank are short
of the high mark of q few months ago.
though about s50,0O0.000 greater than
year ago to-day, loans in banks in the
aggregate are larger, hut do not think
that this is an indication of any over
extended banking position. In fact
the banking position at this time is I'M
usually strong. Deposits at this time
in banks are generally quite high. This
is because country bankers are not at
tracted by the present rates for COM
mercial paper and prefer to permit
their balances to accumulate in the
centres The larger banks have found
it necessary to keep such funds in
vested on account of the interest they
have been paying on such balances
and at the same time keep their paper
in n LIQUID condition, and this, in my
opinion. accounts very largely for loans
being considerably extended at this
time"
Gold Currents Approximately slo,-
100000 in gold bars arrived at the AS
say Office from Canada.
Gold to the amount Of 100000 was
withdrawn from the Sub-1reasury Tor
shipment to Spain.
Bank Exchanges.-The days clear
ings AZ New York and other cities:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-14

Silver Bars in London. 527s pence.
Bars in New York, 6S cents. Mexican
dollars. 522s "a 553s cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-14
Bank Exchanges.-The days clear
-, Nor, York and other cities:

Sub-Trcasury. New York banks
gained from the Sub-Trcasury S.
8GS, 900
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-14

exchanging peasant for artisan la
Dor.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-14
Finance Economics

GARET GARRETT, Editor
WALL STREET Telephones,
Building, Broad St hanover ooif
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-14

Railroad shares were stronger
than on any previous day of what
may be called the present rise. 1t
is not remarkable. One problem Of
the railroads is how to keep their
ribs showing. They are under the
embarrassment Of trying to prove
that their fat is not real, or, though
it be real, that it is not healthy. But
in the meantime it would serve to
pay dividends with.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-14

Continued on page II. column 1.
The Washington herald., 1916-10-15
DOMESTIC ART SCHOOL
BEGINS l4TH SESSION
Reception Marks Opening of Year at
Wisconsin Avenue Institution.

The National School Of Domestic Art
and Sctene opened its fourteenth year in
its new home, 2650 Wisconsin avenue, "on
the balcony OF Washington" yesterday
afternoon. The opening was marked by
reception attended by many prominent
local leaders in business and society.
Guests were received in the administra-
| tion building and on the lawns and taken
| through the six dormitories and the other
buildings by students. A band played
popular airs throughout the afternoon.
The grounds OF the school cover about
! seven and half acres overlooking the
city.
There are approximately 25 students
at the school, many of whom are resi-
dents OF Washington. The students who
live at the school are housed In modern
dormitories. each OF which is a model
house, operated as a part of the school
plan by the students, where the theories
advanced in the class room and labora-
tory are put into practice. Each houses
an average .of twenty pupils, ten of
| whom will be in charge Of the various
departments at all times, the personnel
changing weekly so that every student
will several times during the year, fiji
| the position of hostess and all other
positions in the responsibilities of modern
family life with credit and efficiency.
class rooms are on the first floor OF
| the dormitory buildings. The present
administration building is the old Hunt
Mansion. Work will be commenced soon
on additional dormitortes and a new ad-
ministration building.
The new administration building will
contain an auditorium seating 400 per-
sons, gymnasium, a swimming pool,
| and other recreation features.
The National School of Domestic Art
The Washington herald., 1916-10-15
MEN ARE SENSITIVE
ABOUT their SHAPES
Special to The washington Herald,

Opo-EAA u Inc washington Herald
Milwaukee, Oct 4-"Touchy," per
nickity." ''fnicky." otherwise oversenst-
tive. are terms which members of the
Milwaukee Custom Cutters Club apply
to men-but they always do SO under
their bre>ths. The monthly meeting of
the club at the Phster Hotel, after trans
acting routine business and watching
technical demonstrations, fell into a dis
cussion Of the problem OF cutting clothes
1T Is true, as Mr.. Ema says, that
IS per cent of the men are deformed in
some way" said William F. Anger, presi-
dent OF the club, but we daren't tell
them that
Men are just as touchy as women
about their figures. Sometimes I think
they are more so. And the higher the
class Of trade. the more sensitive they be-
come
Il never mention determinations when
'aking mans measurements. But
sometimes I forget myself and rnutter,
Low on tho left side.' or Flat seated or
Bow legged The customer Ia likely to
hare up in such cases and ask me II I
mean he is cripple. Some Of them even
threaten to walk out But after those
moments of self-forgetfulness manage
TO restore their confidence. For without
confidence tailor might just as well take
down his sign"
The Washington herald., 1916-10-15
PUPILS WILL Compete
IN GATHERING PAPERS
Plan Devised by School Authorities for
Stimulating Interest in Campaign.

Arrangements by which children in the
various schools IF the District will com
pete for the honor of turning in the
greatest quantity of waste paper will be
made by Assistant Superintendent Of
Schools Kramer when the result of the
first days collection of discarded news
Iapers is announced on Wednesday.
TomorroW and Tuesday the children
will be instructed in collecting and bun
ding their contributions for the collec-
ton centePs, and on Wednesday the fol-
lowing schools will receive the print pa
per, which viii be sold for the playground
and social activities fund of the District:
Wilson Normal School, H. D. Cooke,
johnson, Powell, Ross, Hubbard, Bruce,
Monroe, Petworth, Park View. Minor
Normal, Gage, Emery, lexington, Hayes,
Blair, Logan, Ludlow, Taylor, Madison.
Wheatley. Pierce, Webb and Blow. By
the end Of the week seventy schools will
be included in the saving competition.
The plan OF having the schools com.
pete, it is believed, will stimulate great
ly the interest in the movement. Some
arrangement for rewardinG the individ-
ual who furnishes the greatest assist
ance. the class with the best record, and
the school making the best showing, will
he devised
The Washington herald., 1916-10-15
BUSINESS BOOSTERS
READY FOR AUTO TRIP
Retail Merchants Leave Tuesday Morn
ing on Southern Maryland Tour.

Promptly at o'clock Tuesday morn
ing the boosters committee of the Re
tail Merchants Association win start on
an automobile crusade to interest trades
men and citizens of Southern Maryland
in the advantages OF Washington as a
business market
The cavalcade of automobiles will leave
Pennsylvania avenue and Eleventh street
northwest. and will comprise seventy-five
machines, containing several hundred
live-Wire merchants and boosters for
Washington stores.
President r. P. Andrews yesterday took
a pathfinder tour to make certain that
the itinerary can be carried through on
schedule and to complete arranRements
for the big dinner which will close the
tour at st Mary's Hotel, in Leonard
town, on Tuesday. The MONDAY meal
will be dispensed at Hughesville
There will be comfortable acconrods-
tions for those who would like to make
the trip. telephone call to the secre-
tary OF the association before 10 o'clock
tomorrow morning will insure reserva-
tons. The complete cost of the trip has
been fixed at S a member.
The boosters will carry their own band
Each automobile will be decorated with
signs promoting the business OF the many
interests that are represented in the trim.
and at each point advertising matter
will be distributed.
The following is the committee: r. p
Andrews, chairman; F. V. Killian, Josepb
Berbertch. Claude E. Miller, H. c G,
stiles, John c. Detweiler, NJ A. Bayles,
R. II. Harper, Charles W. Semmes. S,
H. Horner, ]. A. Hamilton, E. c. era
ham. George S. DeNeale, Joseph Stras-
burger, Charles F. Crane, S. Fred Hahn.
A. Lisner, P. T. Hall, D. S. White, Henry
Lansburgh and L. NJ. Thayer.
The Washington herald., 1916-10-15
VILLA AGAIN TO ENTER
field AGAINST RULER
Announces New Movement to Gust
Carranza from Power.

Francisco Villa, Mexican military genius
or outlaw. according to the varying tides
Of fortune, is about to come into his own
again. Reports reaching Washington yes
terday declared that as a result of ne
gotiations now in progress between Villa
for whose capture the United States has
already spent more than 800 900 to no
purpose, and cientifco leaders on the bor-
der, the former leader will take the field
in the new movement to oust Carranza
Villas adherence to the new revolution
airy movement, which has been carefully
though quietly engineered by the erst-
while unpopular Cientihcos. according to
reports reaching here, was brought about
through the good officers Of one DR.. Ro-
manon, an Austrian soldier Of fortune,
who has been with the former leader ever
since the Columbus raid.
The Washington herald., 1916-10-15
Cured His RUPTURE

was badly ruptured while lifting a
trunk several years ago. Doctors said
my only hope OF cure was an operation.
Trusses did me no good. Finally I got
hold OF something that quickly and
completely cured me. Years have passed
and the rupture has never returned,
although ] am doing hard work as a
carpenter There was no operation. no
lost time. no trouble. ! have nothing 20
sell, but will give full information
about how you may find a complete
cure without operation, il you write tn
re, Eugene NJ. Pullen. Carpenter sc
Marcellus Avenue, ManasCuan. y J
Better cut out this notice and show il
to any others who, are TUptUred-you
may save a life or at least stop the mis-
cry Of rupture and the worry and dan
ger OF an operation-Adv.
The Washington herald., 1916-10-15

DR.. RamonoI has just returned to
Villas headquarters at Cusi, some thirty
FIVE miles southwest OF Chihuahua City.
In his recent conferences with Cientihco
leaders in northern Mexico and e Paso,
DR.. Romsnon was able TO make these def
mite promises in behalf Of villa:
l. Villa is absolutely without political
ambitions.
. His sole desire now is to drive Car
rama from power and this accomplished ed
he agrees voluntarily to leave Mexico him
self.
g. He promises IN support Of the new
movement to take the field with 1000 pick
ed men fully equipped.
The Washington herald., 1916-10-15

The schools which are to be visited by
the collector Thursday and Friday are
Thursday-Webster, Franklin, Thom-
SON. Abbott, Seaton. Gales, Blake, Ar
thur, Peabody, Hilton. Carbery, Ed
monds, Lovejoy, Maury. Bryan, Payne,
Buchanan, Cranch, Tyler, Ketcham, Van
Buren and Birney.
Friday-Jefrerson. Amidon, A. Bowen,
Bradley. Fairbrother. Ambush, Small
wood, Randall, Cardozo Cardozo Voca-
donaL S. J. Bowen. GreenIeaf, Van Ness,
Lenox' Giddings, Dent, Brent, Lincoln
and Bell.
The Washington herald., 1916-10-15

and Science was founded in 1903 as the
National Cooking School, in two rooms
at MS Q street. Since then It has grown
to be one of the largest schools OF the
city. Miss Mary Airline Zurhorst, the
principal and founder Of the school,
calls it the college of the Today and
the Tomorrow"
Charles Francis Wood, consulting eng
ineer. entered into the direction OF the
school in the spring of 1915 and is re-
sponsible for the new structures
The Washington herald., 1916-10-15
OBLIGATORY SERVICES TODAY
Special Program to BE Observed NJ
Ninth Street Christian Cburcb

George L. shively, of Illinois, will con-
duct the opening services of the new
Bible school House of the Ninth Street
Christian Church today. The dedication
begins with a Bible school service Of
$50 O'Clock. followed by morning service
The Lords Supper will be celebrated at
II o'clock. A memorial service will be
held at o'clock. and evening worship
will be held at 7:45 o'clock.
Rev. e. B. Bagby, former pastor. will
speak at the afternoon service. Rev,
George A. Miller has been pastor for the
past ten years. Evangelistic services
will be held every evening throughout
the week.
The Washington herald., 1916-10-15

D'Artagsn," made a distinct hit with
the government workers
During the past week she offered an
al fresco presentation Of Loves Labor
Lost" given under direction Of Mrs.
Eleanore Newton BUckler, at Lyonhurst.
Va, for the Shakespearean Society. Of
that city. Mrs. Milton. in the costume
Of Spanish dancer, sang Shakespeare n
words set TO her own music and PLAYED d.
guitar sccornpa niment