davidaulloa/AmericanStories huggingface dataset:
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1916-03-08
BIRTHS REPORTED

The following births have been re-
ported to the city clerk today
To WALTER LANDWEHR and
wife, 1921 Madison, March 6, a girl
To WALTER B. Alley and wife,
Topeka township. February -. 4 boy
To NJ J. FRAZIER and wife, Sz1
Liberty. March 1. a girl.
To CARL CHAPMAN and wife, 209
East Seventh, March 8, q boy
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1916-03-08
BABY PROGRAM
TO END FRIDAY
Interest Increases as Close of
Week Nears.
All Topeka Joined in Obsery-
ing "ChiIdren's Hour"
LECTURES GIVEN BY EXPERTS
Every Phase of Infant Life
Under Discussion.
Stores Give Parties for Moth
ers and Babies.
WEDNESDAY AFTERNOON.

WEDNESDAY AFTERNOON
At Warren n CrOsby's Rest Room
= o'clock, The Nervous Baby
.....-..-..-....... Dr. w s. Lindsay
, so O'Clock, Wilful Negleet-.--.
..-.....-....--.M Mrs. Kate f Pferson
o'clock Preventing Conta gious
Diseases .--..,--.----Dr, H. B. Wood
THURSDAY AFTERNOON.
> O'Clock, Baby Care. DR.. C. 3. Van Horn
80 O'Clock, Demonstration and
Heart-to- Heart Talk With Moth
ers Northumberland Miss Edith Lacey
3 O'Clock Need of Physical Ex-
aminauons. ---..---.D Dr. Guy e. Owen
FRIDAY AFTERNOON.
? O'Clock, Milk Inspection .---
..----....--... Miss Annetta Nicou
, 80 o'clock, Demonstration. $500.
--.-.---s- Miss Lacey and other nurses
3 O'Clock, BOttle-fed Babies at
Quinton Heights School House.
.--.------.-.--.-.D DR.. Elvenor Ernest
. to ) O'Clock. Baby Clinic. conducted
by Miss Edith Lacey.
At PeIIetier's Store.
. to o'eiock-Baby party.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-05

purchases in the United States By the
Italian government explains in part
tho weakness Of lire. Besides this.
London has been seller Of Italian
bills, development which has caused
sterling rates TO rise sharply in Italy.
OF the other Continental exchanges,
Austrian and Swiss bills were impor-
tant features Austrian kronen fell
TO a new low record. Swiss exchange
was very strong and moved nearer It's
normal level. German marks were
barely steady. Russian rubles dropped
below 3lOO cents and went as low as
1880, compared with a par OF OIL
cents.
II you calculate the cost Of the dol
lar in terms of foreign money-that 49,
as if you were buying dollars win
pounds. marks or francs--its value az
the close Of last week, as compared
with year ago, would be about as
follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-05
BORROWINGS OF
ARGENTINANU.S.
New Loan to Cover Short
Term Obligations Is
Pending

In view of the imminence Of a new
loan 10 the Argentine Republic by
New York bankers for the purpose or
consolidating all the obligations in
CURED here since the war in Europe
il is interesting 10 make recapitula-
ton of those advances.
The Argentine Government since
the outbreak Of the war has obtained
s73 300 900 here. OF this amount
100000 WAS paid or on December
10. 1915, from the proceeds Of the sale
Of S25.OO0,OOO hye-year 6 per cent.
gold treasury bonds, dated May 10,
1915. and sold By a syndicate con-
sisting OF the National City Bank.
Harris. Forbes & Co., The Guarsnty
Trust Company and several insutu-
tions Of other cities.
There still remains S6s,6OO,OOO OF
Argentine obligations, maturing over
the next four years, 20 be PROVIDED
for. IL is the desire OF the bankers
who issued these loans that definite
steps for their refunding be taken
soon. IS 100000 falls due on De-
cemhcr u next. This Is part OF the
Sl5. 100000 loan made IN December
last year. 100000 OF which has al
ready been paid or. Including this
credit the total Argentine loans 10 the
South American republic may be class
fled in chronological order thus;
$4,000 1000 6 per cent gold notes. lated
December 4. 1914, maturing srraly
s. GOO GOO December Is. 1918, fb.ONl.p'b
December 10. 1916. and S5.olo.00o Deem
Der rs. 1917 Sold ~ the National Civ
Bank. Guaranty Trust Company and har-
ris FORBES & Co
SIS .O0O. 900 nye-year per cent gold
treasury bonds. dated May is. 1918. Is
sued by the National City Bank. Harris.
FORBES 4 Co. Guaranty Trust Company:
Continental and Commercial lriist and
Savings Bank. Chicago Illinois Irust and
savings BANK. Chicago Fourth street Ma.
tional Bank. Philadc~h ia Mellon Ma
tionAl Bank. Pittsburgh. Union trust
Company OF Pittsburgh and the ftrss
National Bank 81 Boston.
$4,000. 600 one-ycaF gold note Of March,
1915 Issued b. the Guaranty Trust Com.
many. Lee Higginson & Co. and Others on
% o., per cent discount basis. Due So
COO 600 each March. April and May. 1917.
Sis5OO. 600 one-year gold notes Of fes.
r7lary. 1915 Issued on 20 per cent
discount basis by Ha'lgarten s Co. \. w.
Haley & Co. hountze Brothers and 4. II,
Leach. These notes were dated FeorV<
AIRY II. 1916.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-05
The Dollar in Foreign Exchange

The character Of the market for
sterling remittances continues un-
changed Rates during the week bare
" moved al all, with sight drafts clos
ing where they opened. at AIS sll-l6.
Successful ho,ation Of the new $780,
600. 900 British loan was favorable
sentimental influence in the sterling
market. Rates are being arbitrarily
held at the so-called peg figures by
gold importations and By purchases by
banking representatives Of the British
Treasury whenever the market shows
signs of weakness. over a period Of
several months sterling has moved
only a fraction from its present level
The weeks gold imports for British
account amounted 20 sls,oOO,OOo. A
martial Offset TO this was the shipmen;
Of sl45O. 900 20 South America. Two
and 4 half millions OF gold also went
20 Japan and $4,000 70 London.
Italian exchange declined again and
lire checks al one time fell 10 GIL a.
very nearly a new low record. Larger
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-05

taking place on a very large scale
might cause the rate of interest to
rise. 1t might cause the demand for
fixed capital greatly to exceed the
supply, and the consequences in that
case are sometimes extremely dis
agreeable.
The total floating debt Of foreign
countries, all due and payable at pc
riods within five years. created in
this country since the beginning of
the war now amounts 10 S1,750,00
600, or perhaps more. Great
Britain alone is borrowing nearly a
billion dollars. Her share of the
Anglo French loan was $3.50, 100000.
She has hoated here two other loans,
one of $250,0OOO0O and one of $780,
100000 making in all SS00.000,000.
In addition to this she is borrowing
in the form of open bank credit per
haps altogether $200,000,000 more, if
you count the money Wall Street has
been lending directly in London.
Now Mr.. Dawson, speaking for
Morgan & Co., who have charge of
Great Britain's fiscal affairs in the
United States, is saying that if we
wish to go on with our immensely
profitable war trade we shall have
10 take unsecured British loans. The
bought of an unsecured British
loan comes rather awkwardly. The
Anglo French loan was unsecured,
except by the Joint credit of Great
Britain and France. But both of the
British loans hoated since have been
occurred by good collateral in the
measure Of 100 per cent. For Great
Britain now to offer an unsecured
loan, after two for which collateral
was insisted upon, makes it look as
if the English had run out of col
lateral. That is not the case, but
they have already pawned in this
country 100000 worth, besides
the enormous amount that has been
liQuidated for cash on the New York
Stock Exchange, and they begin to
feel saving of the rest.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-05
FRENCH AND BRITISH
EXPORT PROHIBITIONS

A decree issued by the French gov
eminent October Dc prohibits export Of
the following asticles:
Form.c acid. o1aHc acid. albumen.
match,s. amomum and cardamon. benzol
,Qd ethyl 1enzoatc, lime borate. sihca
bricks tru.hware. coffee substitute cassia
hgnea. degra, ch.cory. roasted or gfouhu b
chlorine compounds. carbon chlcrlae' cor
chiclm and its preparations, dekTlI;
brandies AVID hQueurs. fertilizers or an
kinds. tuetpriaI extracts. dried hgs. iaurlc'
~ vegetable fhcrs table fruit ircsh,
dried. canlied or preserved game, gluten
bread. volatile oils and essences, mace
honey, nutmeg. mats oi straw ana Ntb'-
table fiber. iron or ordinary steel cutuhR
tool tool. and their detached parts, ma
chine part. and other articles OF special
stee except tools for clockmakers par
aim paper. parings Of hides. unworkcd
rabbit skins. ornamental wings WIN
feathers ou. feather OF poultry. feather
and down waste. radium salts. sauces ana
condiuent. products containing turpenuhe
essence carbon tctrachloride. vanilla
waterproof garments. The decree Is sub
!eci % tte usual exceptions.
Proelamat.ous prohibiting exports
from the United Kingdom have been
further amended. The following head
ihgs are deleted:
IRON prohibitions 60 all destinations
hcnp l0thcr than manila hempl, old hemp
rope. hemp waste: ruUoer nose covered
with steel wire silk braid. silk clotn. SIX
fHeed suitable for cartridges SILK noih.
PROM prohibitions 90 an non-Briush destin-
su1n. Chroromctcu gloves, made wholly
or partly of leather binder and reaper
twine. hemp cloth. hemp cordage and twine
te1cept rorlagc or Irvine Of manila nemp
AID binder or reaper twinel hosiery .
u.eJi. goods made wholly or partly OF
rthe-. gutta percha and balsta Except
rubuer lose covered with silk wirel hal r
uol'cd .hccp.kins. broad silks Of al
kinds. whether an silk or silk mixed with
other yarns Except with aruhci"l SIN
yarn or metal threads in the gray OF as
charged. undyed. dyed or printed. but IN
weighted schappe and spun yarns ahah-
tiny silk. silk. raw or thrown SIX waste.
eoantrie. Hemp braid. manila hemp. cor
cage and Irvine OF manila hemp.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-05
Relevant
Information

National Enameling and Stamping.
The common stock moved against the
general market current yesterday, and
on dealings of $4,000 shares advanced 2
points TO 32h. This was a new high
record for the year The preferred ad-
vanced IA points TO 97h. There IS
1851 800 Of common stock outstand-
ing and SS,546,OO0 OF 7 per cent cumu-
lative preferred. No dividends have
been paid on the common since 1905.
The full dividends have been main
tanned on the preferred since organiza-
ton in 1899. The company's latest
earning statement for 1915 showed a
surplus, after preferred dividends and
other charges, of S315,48O, compared
with deficit of $40 500 in 1914.
United States Steel. approximately
100000 shares Of Steel common
changed hands during the week ended
Yesterday. The price ranged from low
Of ll7ss to high Of 1924, a new high
record, and a close of l20h. The cor
poration's earnings on the basis Of the
quarterly report issued Tuesday are at
an annual rate Of i2.47 per cent on the
sos. 302 900 common outstanding, COM
pared with 9.96 per cent actually
earned in 1915. John j. Mitchell, presl-
dent Of the Illinois Trust and Savings
Bank, returning to Chicago after a
visit here, said: 81 am told that net
earnings of the United States Steel
Corporation are 100000 a day
international Paper-The common
stock was one of the most active Of the
industrials during the week. with deal
ings Of 2O3. 200 shares. Paper went as
high as So on the move and closed
tx points up on the week al 90
The preferred, after touching ~ =,
closed n points up at 1924. Like
most Of the companies manufacturing
tbi, commodity. the lnternationaPs
earnings have undergone great m
nroyement as a result Of the rise IN
paper prices. IN this connection the
6ndings % the Federal Trade Commits
sion in It's investigation OF news print
paper prices Is OF interest, as the Inter
national company is now producing APP
proximately / 800 tons Of news PRINT
paper daily. The commission reported
tbat while contract prices rose during
the early part Of the year from less
than 81 per 100 pounds 20 50 and $3.50,
the average cost OF producing news
print in domestic mills was less than
81 SO per 100. or below the average cost
in the last three years.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-05

ISM, would De encouraged 20 call az NcW
York for Canadian goods FOR British
Columbia and the Orient. and vice
versa.
Problem Is Serious
This is one side OF the story. The
government also gives strong reasons
for refusing 20 make the concessions
asked. II is pointed out that bonding
privileges must always apply 70 Cana
dian or British vessel. az no control
could be kept over shipments in foreign
vessels. Yet II customs officer were
located at New York, Canada could not
well refuse 20 allow her products 20 60
out Of that port only on British or
Canadian vessels. thus discriminating
against United States shipping. More
over, except on small lots. the normal
difference between the water and land
freight rates Is not as great as is gem
orally believed. There is very little
difference between the charge on full
carload shipped from Eastern Canada
by rail to Vancouver and the same
quantity shipped by rail 10 New York
and thence by vessel 10 Vancouver. The
strongest argument, however, against
permitting the use Of the Panama route
for trade between Eastern and West
ern Canada is the Canadian railway
system. Two Of the three trausconti-
mental railways OF the Dominion were
built before the development Of the
country warranted them. They will be
powerful factors in promoting rapid de-
yelopment, but they require all the sup
port that can be given them. The
Dominion government has assumed
obligations totalling hundreds Of mill
ions Of dollars in connection with the
railway lines from coast 20 coast Tho
government has a heavy interest 40
present in two Of the transcontinentals
There Is strong reason 10 believe that
those two will have 10 be taken over
by the country and operated az pub
lcly owned lines. Canada's entire
transportation services are under re-
view and being carefully oyerhauled.
Future policies are being decided.
Under such conditions 70 is not sur
prising that the government should
hesitate about encouraging new trade
route in competition with the present
channels Of Canadian internal trade.
The Dominion already has three trans
continental railways competing among
themselves 20 a large extent. An al
tentative carrier could only sggrsvats
what is already most serious trans
portation problem.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-05
Netherlands Extends Embargo

Netherlands has extended its EN-
barge list 20 include the following
products:
Rattan and manufactures thereof. steel
waste. scrap iron and steel. spinach. en-
dive. peas rsfis. mustard. willow hoops,
rabbits rabbit meat. FISH. wool Of every
description. bristles and manufactures
hsreoi, apricot pulp. cattle horns spr'~
and cordials sAuerkraut. all preserved YES,
etsbles. esparto grass. all lumber ana
piahed boards FOR cigar and other boxes.
fashes turkeys. geese bananas. oatmeal
and other oat products, linolcum. horse
hair and manufactures thereof. all fertili4-
err containing phos phoric acid. stearine
rsrsfine. China tallow. japan tallo~ o.
VA. an vegetable wake and mixture.
'hsfeol. fresh and preserved apples and
fsafs. lime lFround and ungroundl. lime
stone and shells. preserved meats and meat
5focucts. cattle hair and manufactures
hefaof. eAsein.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-05
U. S. Treasury Finances

Washington, Nov. THE condition
OF the United States Treasury to-day:
Net balance in general fund, sl5o625,-
OF: total receipts. St,522, $40: total
S2.ss3.ie2. The deficit this
fiscal year is S797S9,765, against a
deficit OF s37,3i5o24 last year, exelu-
siye OF Panama Canal ana public debt
tYAnsactionh
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-05
British Columbia Disappointed

The small benefits which Il has been
able to derive to date from the Panama
Canal route have been matter OF keen
disappointment 70 British Columbia,
and particularly to the port cities.
MANY classes of goods manufactured in
Ontario and Quebec cannot be market
ed on the Pacific Coast because the
rates are prohibitive for the 3,00O-mile
land haul. Some Of these goods would
be shipped il advantage could be taken
Of the water carriage rate from New
York Moreover. the Canadian manu-
facturer. if restricted to land trans
portation. is seriously handicapped in
competition with the United States
manufacturer, who can send his prod
ucts BY water at considerably less cost.
Even the Canadian customs tariff does
not entirely compensate for this handi-
cap.
Il is claimed that Seattle dealers
have been able 20 secure certain Cana
dian goods via the Panama Canal, and
after paying the import duty into Cam
ada, sell them in British Columbia. at
prices lower than were required on
similar goods transported by the Cana
dian all-rail route and paying no duty.
Il is Of vital Importance 70 the best
interests Of The Dominion that Eastern
Canadian manufacturers should not be
unfairly handicapped in bidding for the
trade OF the West. The Panama Canal
route, il available. would also enable
them TO ship their products in bond 20
British Columbia, and thence 20 Russia,
Japan, China and Australasia, at the
minimum rates, In competition with the
manufactured goods from Europe and
the United States. To the manufaetur-
ers Of British Columbia 70 would give
he loves: cost OF transportation in
ward for raw material and the lowest
rates for export Of products outward.
The British Columbia ports would benz
eft because shipping, especially Brit
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-05
Money and Credit
Federal Reserve Banks

Washington, Nov. 4.--Liquidation on
a large scale of municipal warrants
also Of commercial and bankers paper,
accompanied By corresponding gains in
aggregate gold reserves Of the Federal
Reserve banks, is indicated by the
weekly bank statement Of the Federal
Reserve Board made public to-day.
Large transfers of gold through the
Gold Settlement Fund, mainly from
New York and Boston to Philadelphia
st. Louis, Kansas City and Dallas, took
place during the week. The Boston
bank reports decrease Of S2,2O0,0OO
in total reserves, a decrease of $1,000
600 in deposits and an increase Of
100000 in the balance due from other
Federal Reserve banks. Offset in part
by the liquidation Of S1,9OOOOO OF
earning assets:
New York shows decrease OF
$1,000, 900 in gold and of S3,30O.OoO IN
other reserve. This decrease in total
reserve IL hCcOuHNtu AVi i"' sly ~ "
considerable increase in the amount
due from other Federal Reserve banks
and decrease in deposits. Phila-
delphia's gain of $5,100.00O in reserve
is accompanied by a change of favor
able balance Of sl,5OO,OOO to an adverse
balance of sl,4OO,0OO in account with
ether Federal Reserve banks, also by
the liquidation of s1,9OO,OOO net Of
acceptances and warrants and some IN
crease in deposits.
The Federal Reserve Boards state
ment on the condition of the twelve
Federal Reserve banks at the close OF
business November 3, issued to-day,
shows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-05

The above rates express the cost o.
foreign money in terms Of the Ameri-
can dollar. You buy an English pound
sterling for s4.75is; the intrinsic par
ity is t4.86ts per pound. Thus, you
say either that pounds are at a 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 TO 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, 1916-11-05

The principal items of merchan-
disc bought in this country by Rus
STA are agricultural implements, au-
tomobles, chemicals, metals. iron and
steel manufactures, raw cotton and
industrial machinery. The enor-
nous rise in her requirements Of
these things is indicated in the fol-
lowing table, comparing her imports
from the United States during the
six months ended June so last with
those for the corresponding six
months Of the preceding year:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-05
Saturday, NoUember /. 1916

On Monday last a S300,O00,000 513
per cent British loan was advertised.
On Thursday it was announced that
the underwriting syndicate was out.
The whole amount had been sold.
The function of an underwriting
syndicate is to guarantee the sale Of
the securities underwritten. What
cannot be sold the syndicate is
obliged to take itself and pay for.
That is the liability for which 1t gets
a commission. Every foreign loan
placed in this country has been so
undetwritten, and the underwriters
in every case have soon acquitted
themselves of their liability. It was
easier to sell the $25O,O00,000 Brit
ish LOAF last August than it had been
TO sell the S5OO,OOO,OO0 Anglo-French
loan the year before. And 1t was
easier TO sell the S300,000,000 loan
offered last week than it had been
10 sell the one before. The obvious
comment is that we have become &C
customed to the business. Investors
arc said TO have been educated up to
foreign loans. 1t would be more &C
curate to say that banking capital
has been educated.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-05

Germany had been the principal
purveyor of goods to Russia before
the war. In the last six months of
peace Russia's imports from Ger
many were S15O,OOO,0OO, or at the
rate Of 3OO,O00,0OO a year. Now
they are nil.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-05

Russia is s1.67. That is to say, a
Russian to buy one dollars worth
of American goods has to pay Sl.67
IN rubles.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-05

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, 1916-11-05

Our foreign borrowers will do
that. Notes that come due before
the war is over will be renewed.
Then, after the war, they will be
funded into long term loans. 1t Will
be much more difficult 10 sell long
term foreign loans than it has been
10 sell the short term notes of for
eign governments. That is true for
the same reason that you find 1t
easier to discount your note at the
bank for a year than to place
mortgage on your property. 1t Is
easier TO borrow for shorter periods
than for longer ones. That is easy
10 understand. We speak of two
kinds of capital-that which is liquid
end that which is fred. These are
relative terms. An example of very
LIQUID capital is that which is loaned
by banks to Stock Exchange brokers
on stocks and bonds hypothecated as
collateral. Such a loan may be called
without notice after twenty-four
hours. An example of fixed capital
is that which is loaned on a 99-year
bond. One loan is due each day;
the other is due once in a century.
The capital in one case is dynamic,
continually going from one thing
into another. In the other 1t IS
static. There are degrees. Capital
loaned for a year is less liquid than
capital loaned for a day. and capital
loaned for nineS-nine years Is more
fixed than that which is loaned for
.wentv-fve. National banks and
trust companies have always "a lot
Of LIQUID capital to lend for short
periods. Il is the money Of their de-
positors. of which they have tenn
porary custody, and lend at interest
10 their borrowing customers. II the
depostors want it back 1t must De
recalled by the banks and trust com
panies from the borrowers and re-
turned TO the depositors. Savings
banks and insurance companies, on
the other hand, have very little
liquid capital, because they invest
their money for long periods, in
bonds and mortgages. From this It
is clear why the banks and trust
companies have been able to buy the
short term notes Of foreign coun-
tries When these short term notes
ore funded into long term loans,
LIQUID capital will go out of them and
fixed capital will 20 into them This