davidaulloa/AmericanStories huggingface dataset:
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-12-15
STOCK MARKET HARD
HIT BY GERMAN OFFER
PRICES HUNT CELLAR
War Brides Worst Hurt But
Whole List Feels
the Jolt

New York, Dec. 15.--The fourth day
Of Panicky dumping of stocks on the
stock exchange, which was started on
Tuesday by Germany's announcement
of peace proposals, saw new low lev
els established this afternoon,
United States Steel, which has felt
the force of the pounding hour after
hour since the initial upset, was quot
ed at 109 1-S at one time today and at
that figure showed a loss of 500 a
share from the high record price estab-
lished recently.
suited in four days trading averaging
two and quarter million shares or
more AT noon today 100000 shares
had been dumped on the exchange
floor. large aprt Of it on orders from
business men of the country who had
played the buIl side consistently
through two months Of the greatest
bull market Wall street has known
since 1901.
Reassuring statements that no brok-
erage houses have been weakened or
endangered by the near.panic which
has seized the country's spectators
have been issued during the past "a
hours.
The extent to which fortunes have
been made or wiped out by the 2,Q00,-
900 share market is yet matter of
guess. Country traders suffered in the
first clash and hundreds, perhaps thou
sands. saw their speculative nest egg
wiped Off the boards. Professional trad
ers, in many instances, had sold short
and coined money on Tuesday. Since
then the market has been whip sawed
this way and that, bowling amateur
dabblers and professional spectators
without preference.
Yesterday q man died of heart fail
ure in brokers' office while reading
the ticker. Today it was reported that
one brokerage firm declared bonus,
only to have their employees nipped OF
theirs Christmas presents, with which
they had taken flyers in the market
Two million four hundred thousand
shares Tuesday, 1,7S0,00O shares We'd
nesday, 2,500,000 shares yesterday and
an outlook for two and half mil.
lion day today tells the story of the
rush to unload.
The loss in the four day bear market
CONTINUED on page two.)
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-12-15

Washington, Dec. 15.-The whole sub
iect of peace and the part America can
play, if any, will undoubtedly be thresh-
ed out i'll this afternoons cabinet ses-
sion.
Confidential information from Secre-
tary Grew of the American Berlin EN-
hassy dispatched with Germany's pro
posals, is scheduled for presentation to
the members along with consideration
ef past official reports and recent un-
official versions of foreign attitude to-
ward peace
The state department was reliably un-
derstood to be collecting this forenoon
all its past information bearing on the
subject of peace. This, taken with news
messages, indicated sentiment on the
nuies part against yielding up the
struggle to diplomacy at this moment.
Would Discuss Points.
Meantime, German official hints here
pointed to willingness to talk at least
q partial disarmament and likewise a
Willingness for introduction of a world
guaranty of peace.
The administration now feels that
there may be instructive discussion of
the peace proposals among the allies,
bat has had no reason to believe that
tie present proposals themselves will
at once point the way to peace
Petrograd s semi-official statement
that Germany is deluding her own peo-
pie and trying to cast the responsibility
for continuance Of the war elsewhere
!. regarded as a general allied view
point,
In these circumstances President vii.
son and his advisers are admittedly still
r1zzled to know just what attitude and
what action, if any, to take.
Lit was expected that the cabinet ses-
sion would serve to clear the official
atmosphere and that it might be pro
ductive of some definite information to
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-12-15
Wheat Is Only SS,359,OOO
Bushels Below Crops Five
Year Average
CORN NOT MUCH SHORT
SPUDS 80 PER CENT SHY
Oats, Apples and Hay Are in
Excess---CottOn One
Fourth OF

Washington, Dee. 15.-The total es=
timated production of wheat in tho
United States during 1916 was $780,
$4,000 bushels for 1915 and 72s,225,-
600 for a five year average, the Unit-
ed States bureau of estimates reported
today.
The total productiaG ct corn during
the year was 2,5sS.24lOo0 bushels a..
gainst 1904, 793, 900 bushels for 1915
and 2,732, ,457,O 900 bushels for a five
year average.
Total productions of cotton during
1916, according to latest estimates, was
11,5ll,0 600 bales against IL ,l91 800 IN
1915, and l4,259,000 bales for five
year average.
Total production of tobacco was f.
l50,622,000 pounds against l,062, ,237,-
600 pounds and 99l, ,95S,000 as five
year average,
The total production Of winter wheat
was 4S1, ,744,000 bushels, and of spring
wheat 15S,142,000 bushels
The total production of oats I,a5l,-
$4,000 bushels against 1,549 100000
bushels for 1918 and l,l57, ,961 600 bush
els as five year average.
Total production of barley was lS0,-
027 GOO bushels against 22S,s51 GOO in
1915, and 1S6,20s,000 as five year
average,
Total production Of rye was 47,3S3,-
600 bushels against 54,050,000 bushels
in 1915 and 37,56s,000 for a five year
average.
Total production Of buckwheat was
$4,000 bushels against 15,O56,000
bushels in 1915 and 17,022,00 bushels
for a five year average.
The total production of tame hay was
S9,99l 900 tons against S5,920,OO0 tens
in 1915 and 66,234 900 for five year
average; Of wild hay 19,795,000 tons
against 2l,343,000 tons for 1915.
Total production of apples was 67,-
$4,000 barrels against 76,670,000 bar
rels in 1915 and 65,966,000 for five
year average.
Total production of potatoes was
2S5,437, 900 bushels against 359, Geo
bushels in 1915 and 800, re, 900 for g
five year average.
Total production of oranges was 3d.,
S35,000 boxes against 2l,220000 boxes
in 1915
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-12-15

hours, they said she lurched and SWING
about wildly at the mercy of the waves.
Several times the coming tower was
wholly submerged so sharp was the
angle at which the boat reeled. But the
crew suffered no serious discomfort
until water got into the batteries and
chlorine gas was released. This forced
the commander to abandon the interior
OF his ship almost entirely and TO shut
his crew off in a tiny room under the
coming tower. There the 2S men sat
huddled together, clinging together as
best they might while the submarine
pitched and tossed. They were 50 ex-
hausted when life lines were~& shot
aboard that they did not have the
strength to make them fast. They
might never have been rescued had it
not been for the courage of Surfman
Werner Sweinns. Despite his own peril,
he leaped from snrfboat to the slip
perry deck of the submarine and finally
made fast line after he had twice been
washed off and hwice had fought his
way back. Sweinns was the hero of
Eureka today.
Commander Howe declares that he
expects to have salvage work well under
way before noon and that, with the
combined efforts Of the monitor Chey-
enne, parent ship of the submarine flo
tilla. and the McCulloch he believes
the H-3 will be saved.
Naval officers here were advised dur.
ing the morning that Admiral Caperton
commanding the Pacific fleet, was pre-
pairing TO call board of inquiry to in
vestigate the accident to the H-3.
Crowds still lined the shore today
watching the salvage work being con
Quoted under supervision Of Lieutenant
Commander Howe Of the Cheyenne.
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-12-15
English Feeling Changes.
BY Ed L. Keen.

Omitted Press staff correspondent
London, Dec. 15.-A steady increase
in sentiment that the allies in refusing
German peace plans should set forth
their own terms of peace, was manifest
here today. Notwithstanding the con-
tinued illness of Premier Lloyd-George,
it is known that the allies, through the
foreign office, have already begun an
informal exchange of views on Won
Bethmann Hollweg's proposals.
There are three views entertained as
to the course which the allies should
adopt in answering the German note,
based on the realization that the en-
tente powers must carefully avoid the
pitfalls of the Teutonic nations Three
plans are:
First--A blunt rejection of the note.
The advocates of this course are con
vinced that this will be the only way
in which to prevent the situation being
maneuvered to advantage by Germany.
Opponents of the plan hold, on the other
hand, that it would be a serious mistake
not to meet the issues raised by Won
Bethmann- Hollweg.
Second - That Germany name her
terms on the assumption that these
terms yet to be made known officially.
really may be worth considering and
might be considered without damage to
allied prestige.
May State Their Terms.
Third-That the allies do not ask Ger
many's terms, but detail their own sem
timents as to peace; their terms and
conditions.
Suggestions made in the press of neu-
tral nations and particularly develop
ment of such an idea in the United
States has aided in developing senti-
ment for this third course. Moreover,
it is seen by the news from Germany,
that the government did not expect u
favorable response to its proffer; there
fore England regards the main purpose
Of Won Bethmann- Hollweg's proposals
as manifestly two-told, to impress neu-
trails and the German public. Advocates
of the policy of the allies listing their
tefms argue that in such situation as
presented now, the entente have splen-
did opportunity to put before the out
side world as well as the people Of Ger
many-Whom they have always believed
generally ignorant of the real issues of
the war--a clearcut, definite united
pronouncement Of the allies aims and
purposes.
There was every indication today
that the allies will adopt their course
1t is fully expected that Lloyd
George will be sufficiently recovered
from his illness on Tuesday to give in
his speech before the house of commons
a more or less positive statement of the
allies position.
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-12-15
WINTER WEATHER
CUTS NO ICE WITH
RUSSIAN ARMIES
German Advance Losing Mo-
mentum---Russian Activ-
ity Increases

London, Dec 15.-The allies have
made known in semi-official statements
their rejection OF German-made peace
at this stage and today their armies.
in the field were backing up that re-
fusal by force of arms.
Statements from the east indicated
winter has caused no let up in Russia s
offensive in the Carpathians. Nor has
there been any diminution of the fight
ing in Rumania. The German advance
is slowly losing its momentum in the
face of the Rumanians' strong rear
guard resistance, made as they retreat
to the strategic line of the Buzau river.
Before long there will be complete
consolidation Of the Buzau river line
of Runanian defense with the Rus
sian Carpathian line of offcnse. Russia
IS likely to reinforce this whole line
strongly.
Great interest was manifested here
in dispatch from Paris connecting
up Mondays violent German attac!t
on the French lines nearest PaEis with
Won Bethmann-Hollweg' S peace pro-
posals of the same day. The assault was.
declared to have been carried out by.
the flower of the German troops and
with force of probably 10000 men.
The attack has not been specifically
mentioned in official statements.
Apparently bitter fighting is still go
ing on in Macedonia, with the allied
forces under General Serial continuing
satisfactory progress. England looks to
see division of German forces to aid
the Bulgarians here very shortly with
a consequent increase in the intensity
of the fighting.
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-12-15
Peace Talk Caused It.

Chicago, Dec. 15.-Grain took big
tumble today when news that Germany
is willing to consider proposals for the
limitation of armament frightened spec
ulators into turning loose heavy hold
ings.
Wheat fell heavily when the market
opened, losing as much as nine cents
shortly after trading began, in tumult-
uous pit. Before noon the market re-
covered little of its losses and Decem-
ber was $1.47 IL up, 1.2 above today Is
opening and six cents below last night Is
close; May was $1.58 IA, down IA be-
low today's opening and 5 2-s below
yesterdays closes July was $E38 l.S,
down 3-8 below today's opening, and
6 1-2 below yesterday = close. The mar
ket was still very weak and nervous
During the morning transactions were
enormous and price changes quick and
heavy.
Below is a comparison with wheat
prices last Saturday and at noon today:
Last Noon
Month Saturday. today. Off.
December ..1.65 1-2 LAT 12 Is
huy Isf IL IsCo I-f ~
July .....1.49 3-4 1876 Is 13 SIS
Corn followed wheat in the early
drop, but later recovered and at noon
today December was at 88 5-S, up / SIS
above today's opening and 3-4 below
yesterdays close; May SO 3-S, up 3-s
over today's opening and down "a
below yesterdays close; July SO IA, ur
rs above today's opening and | 12 be
low yesterdays close.
Oats showed heavy fluctuations fol
that commodity, losing more than two
points at the opening. Later recovery
left December at 48 at noon, up one
over the days opening and 3-4 below
Yesterdays close; May at 81 5-8, down
38 below today's opening, and l rs
below yesterdays, July at 40 l2, VI
l 12 over today's opening and l 3-S be
low yesterday.
Provisions were higher than at to
days opening.
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-12-15
BY Robert J. Bender,
UNITED Press Staff Corresponde1

(Unlted Press Staff COrresponden)
Washington, Dec 15.---For nearly two hours today
President Wilson and Secretary of State Lansing con-
sdered the question of suppementing the forwarding Of
the German peace proposals to allied capitals with some
suggestions from this government.
At the conclusion of the conference neither the pres
dent Secretary Lansing would throw any light upon
what, if any, decision reached
81 have nothing to say There is announcement
to be made at present There conclusion to discus
son summed up Lansngs reply to inquiries from news
papennen
1t was indicated after the conference that the state
department at least has little which to work in the
way of expressions of public sentiment in this country
except as voiced in the newspapers.
In the past the department has been flooded with ele
grams giving individual views of what ought to be done
but in this instance none has come.
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-12-15
Expect to Saue Submarine
If Storm Does Not PreUent 1t

Eureka, Cal, Dec. 15.-Plans to drag
the Y. S. submarine Ii3 out Of the
breakers where she has been rolling and
pitching for ~ hours were rushed to
completion today by Lieutenant Com
mander William b. Howe, following the
rescue of the 26 members of the crew
through the medium of breeches
buoy
Despite the divers perilous position,
Howe declared today he believes she
can be taken off if storm does not
blow up. In response to a request sent
to the Mare Island navy yard for a
vessel with gear for handling the sub
marine, the coast guard ship McCulloeh
came here today prepared to expedite
the work.
The two officers and 2G men who
were taken off the submarine Just be-
fore nightfail yesterday are all suffer
ing from severe bruises and some with
broken bones but none is in a condition
requiring more than temporary Did.
None of the men would discuss the
accident in de all but from their stor-
les it was clear that the submarine lost
its way in the dense fog and drifted
into the breakers when its engines de-
veloped trouble.
Members Of the crew said that, until
they were rescued, they had no definite
idea as to the location of their vessel.
So dense was the fog that it was impos-
sible to get their bearings yesterday
morning and Lieutenant Bogusch be-
licved he was several miles south of
HUMBOLDT bay when he suddenly found
his craft inside the line of breakers.
moment later she began to scrape,
the men said and the engines went out
Of commission.
This left the craft helpless. Foi
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-12-15
ONE OF SUBMARINES
CREW TELLS GRAPHIC
STORY OF EXPERIENCE
That Crew Was Saved Due
to Heroic Act Of Life
Guard Sweinn

Eureka, Cal, Dee. 15-The exact
causes of the wreck of the United
States submarine HIS, which stranded
in the breakers of Humboldt bay, will
not be known until an official investi-
cation is begun by the navy depart
ment.
Lieutenant H. R. Bugsch and Lieu
tenant Eric T. Zeemke, officers of the
diver, and Lieutenant Commander Howe
commanding the submarine flotilla, alb
solutely refused today to discuss for
newspapermen the details off the mis-
hap. @t
One of the members of the rescued
crew, however, gave the United Press a
graphic story OF the experience.
"We knew that we were in the vicin-
ity of Eureka but we could see only a
short distance from the boat, y he said.
"The fog was very dense and we moved
slowly, even though we thought our
ship we'll out from shore.
"Suddenly there came q scraping,
followed by heavy bump which threw
us all to the floor of the boat BY the
time we found out the trouble, the YES
sci began to careen. 1t rolled tremend-
ously, making it impossible for us to
stand or to make deck. 1t seemed that
every moment the craft would turn tur-
tie, so fearfully did she roll and pitch.
"We lashed ourselves to the nearest
objects on the vessel Finally, after
the tossing ceased somewhat, we made
deck and signaled to shore, but could
accomplish little because of the tre-
mendous roll which was so heavy that
the periseope touched the water fire.
quently. Our wireless apparatus was
useless and our efforts to signal with
the whistle proved ineffective.
Sweinl3 Hero.
Finally, as the fog lifted, one of the
boys got on deck and announced that
he could see people on shore and that
| they seemed> to be signaling to US tc
keep up our courage. Then the fearful
rocking began again and we had to get
under deck. Ultimately this rolling in
the surf brought water into the interior
flooding the batteries and generating
chlorine gas.
"We saw at once that We would have
to do something quickly or be asphyx
IdtPu. DO we lUQSeueu ourselves aHO
made our way to the coming tower
where we huddled together in the cold
For several hours we waited there, not
daring to venture on the slippery deck
Then we learned that life guards had
shot line aboard but we couldn't make
it fast. Finally the life guards sent a
boat and a surfman---that man Sweinns
did about the bravest thing ] even
saw when he stuck to the job and made
that line fast in spite of the danger to
himself, l take my hat off to that
man.
fAfter he had got through with his
work it was easy to get all hands ashore
Lieutenant Bogusch was the last man
to leave the ship"
Lieutenant Bogusch today paid a high
tribute to the courage and discipline OF
his men.
off it hadn't been for the splendid
courage and discipline of the men we
wouldn t all have been rescued. At all
times they showed perfect discipline I'M
der most trying circumstances and in
the face of the gravest danger. 1t was
an honor to command such a body Of
men,
Work Of salvaging the vessel proceed
ed rapidly today.
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-12-15
GRANT SAFE CONDUCT

London, Dec l5.-Aeeording
< to the request of the United
( States. the allies have consent
K ed to grant Count Tarnowsky,
the newly appointed Austro-
Hungarian ambassador to Wash
( ington, safe conduct to America.
+ Count Tarnowsky was appoint
( ed ambassador to the United
: States to succeed the Count
< Dumba, who returned to Vienna
( because he was no longer per-
< soma grata to America. The
United States made known its
: displeasure at Dumba s action
: and he was recalled. When Tar
nowsky was appointed his sue
{ eessor several weeks ago, the
: allies refused him safe conduct,
: first on the ground that his en-
: tourage was entirely too large
: to be bona fide.
{ America made formal request
{ for Tarnowsky's safe passage.
; 1t remained unanswered and
: second request was recently
: made of England.
* x X X X * X X X X * x X
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-12-15
PANIC HITS WHEAT
GAMBLERS; PRICES
ARE TORPEO0ED
While Pit HOwled Price Drop
ped 9 Cents In Few
Minutes
DROP SINCE SATURDAY
Is EIGHTEEN CENTS
Sales Enormous and Market
Closed II Cents Below
Opening

Chicago, Dec 15.--After a rally just
before noon, wheat again started down
and fell as much as five points before
the close at lis p. m. December closed
at $1.42 1-2, IL points below yester-
day IS close and 4 1-2 blow 3 today's op-
ening. May closed at $1.55 IL, II 1-S
below yesterdays close, and rs below
the opening. July was $1.32 IA, 10 3-S
below yesterday s close, and 6 IA under
the opening.
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-12-15
= x r = = = = = = X = = r
SEATTLE woMEN's BOYCOTT

Seattle, Wash, Dee. l5.-Boy-
,cott on potatoes, butter and eggs
has been started by Seattle wo-
; men members of the Homekeep-
ers club, it was announced to-
|; day. They held three mass meet
: ings TO discuss ways of redue-
. ing the high cost of living be-
fore they took action. There
; about 1000 women members of
the club and they intend to
; work among their neighbors.
: The resolutions rule against po-
: tatoes costing more than lla
; cents a pound; butter over 40
cents pound; fresh eggs over
4J cents dozen and storage
eggs over 35 cents dozen.
!: * * X 4 4 4 X 4 x * y i *
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-12-15
French Attacks Fail.

Berlin, via Sayville wireless. Dee. Is.
Three vain attacks by French forces
on the west bank of the Meuse were
reported in today's official statement.
The assaults were directed against
trenches on height No. BOA southeast Of
Malencourt, captured by German forces
a short time ago.
On the east bank Of the Meuse the
French also repeatedly launched attacks
preceded by a strong artillery prepara-
tion, which extended far into the ter
rain behind the lines.
Further "storming waves" failed on
the Pepper Ridge.
Development of an attack on the
south slopes before Fort Hardamont
was made impossible by the Germans
destructive fire.
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-12-15
Rv Car w Ackerman

Z United Press staff correspondent
Berlin, Dec. 15.-Germany expressed
a willingness to enter peace negotia-
tions because she is now fully vietori.
Gus, Kaiser Wilhelm told German troops
in Alsace, in an address.
We proposed to mediate to the enc
my the kaiser was quoted as saying.
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-12-15
Germans Take Ruzah.

Berlin, via SayviHe, Dec, 15.-Buzah
has been captured by the German forces,
today's official statement declared.
"Under the most unfavorable wealth
er conditions" the statement said,
" the allied troops rival each other in
the plan not to let the enemy rest on
the march On the mountains the en-
emy offered resistance in forefield posi-
tions, but were pierced.
"Buzau was captured.
"The Ninth army reported four thou
sand prisoners as captured yesterday
and day before yesterday. Near Fcte
sti strong Bulgarian forces crossed the
Danube. -
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-12-15
RnsSiansd Make f1ains

Berlin, via Sayville wireless, Dec. Is.
tom the height the enemy succeeded
in gaining footing" said today IS Of
ficia statement, describing the Russian
offensive in the Carpathians.
The attacks on the Pennsylvania
fronts failed, as on preceding days.
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-12-15
Take Russian Trenches.

Berlin, via Sayville wireless, Dec. 49,
German forces entered Russian
trenches north of the railroad from
Mzloczov to Tarnopol and brought back
90 prisoners, today's official statement
inserted
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-12-15
Rumanian Cabinet ouits.

Copenhagen, Dee. 15.-Resignation of
the Rumanian premier at Jassy, the new
capital Of that monarchy, was an
nouneed in dispatches received here yes
terday A new cabinet has not yet been
formed.
Daily capital journal. (Salem, Oregon) 1903-1919, 1916-12-15

London, Dec 15.-Premier Lloyd
George was much better today, his i'll
ness having subsided His physicians
indicated he would be able to speak in
commons Tuesday.