davidaulloa/AmericanStories huggingface dataset:
Ashland tidings. [volume] (Ashland, Or.) 1876-1919, 1916-08-07
Shipments Of Ore
Are Increasing

Grants Pass Courier: Shipments
of ore from the mines of the Illinois
valley are fast increasing, last week
ten cars having left Waters Creek,
at the terminus Of the new railroad,
for the smelters and eastern mar
kets. This is the largest weeks bus
mess yet done from the mines, and
was divided about half copper and
half chronic iron ore. The copper
came from the Queen of Bronze and
the Waldo mines, while the chrome
was from a number of mines in the
valley, some coming as far as from
the base of Oregon mountain. The
copper was forwarded over the
Southern Pacific from this city to the
smelter at Tacoma, while the chrome
is now on its long journey to New
York, where it will be used to take
the place of the shipments that for
merly came from Europe.
Development in the mining of the
chronic iron ore is fast going for
ward, and an effort is now being
made to find ways and means for the
building of a wagon road down the
Illinois river that big deposits of the
ore found in that district can be
hauled out to the railroad. The pro-
posed road would run down the Illi-
nois from Selma about to Oak flat,
and would follow the route Of the
forest trail already built. A widen
ing of the trail is all that would be
required for the first few miles OF
the distance.
The business developed in the ba-
sin of the Illinois by railroad build
ing activities is going to create a
growing demand for highway build
ing, and there is no part of the west
where the need for roads will be
more pressing than in that region.
The federal aid for road building
and especially the feature for the
building or roads through the forest
reserves by the advance of funds
from forest sources, is most timely.
In southern Oregon there are many
districts that must be developed
either wholly or partially by roads
through the national forests. The
proposed road to the Josephine caves
will open up great bodies of the best
timber in the state, while. the con-
Ashland tidings. [volume] (Ashland, Or.) 1876-1919, 1916-08-07
keep a close watch out for the bulbs
should any more be stolen.
Old Hen Mothers
Orphan Chickens

A moving machine rand over a
nest of a hen pheasant which was
sitting on some eggs in the field on
H. L. Sinclair's place just east Of the
city limits, one day last week. The
mother pheasant was killed. Mr.. Sin
clair put the eggs under a hen which
was brooding, and the little pheasants
are beginning to hatch If success
is made of raising the little pheasants
they will be turned loose on Mr.. Sin
clair's place as soon as they can care
for themselves.
Ashland tidings. [volume] (Ashland, Or.) 1876-1919, 1916-08-07

struction of the road down the Illi-
nois will make available for immedi-
ate shipment 10000 tons of chronic
ore already in sight. These are both
small projects, and the government
should recognize their industrial i'm
portance and give them aid over
some of the more gigantic projects
that will have comparatively small
commercial value.
Ashland tidings. [volume] (Ashland, Or.) 1876-1919, 1916-08-07

Two carloads of gypsies passed
through Ashland Friday, stopping for
a short time down near the depot and
then continuing their journey. A
majority of the gypsies who have
passed through this year have trav-
eled in automobiles.
Ashland tidings. [volume] (Ashland, Or.) 1876-1919, 1916-08-07
Notice of Dissolution Of Partnership.

Notice of Dissolution Of Partnership.
To Whom it May Concern:
Notice. is hereby gwen that the
partnership heretofore existing be-
tween s. R. Morris and B. H. Morris,
partners under the firm name and
style Of Morris Bros, operating the
Park Garage, is this day dissolved by
mutual consent, B. H. Morris retir-
ing. s. R. Morris will continue the
business, collect all bills and pay all
accounts of said firm.
Dated July IA, 1916.
left S. R. MORRIS.
Ashland tidings. [volume] (Ashland, Or.) 1876-1919, 1916-08-07

Medford people we're up in throngs
for the band concert and dance FRI
day evening. The crowd was one of
the largest band concert crowds of
the season.
Ashland tidings. [volume] (Ashland, Or.) 1876-1919, 1916-08-07

W. A. Teutsch Of Los Angeles was
tourist visitor in the city Thursday.
Ashland tidings. [volume] (Ashland, Or.) 1876-1919, 1916-08-07

High-class dinner at the Bungalow
every evening from s to 8 o'clock.
Ashland tidings. [volume] (Ashland, Or.) 1876-1919, 1916-08-07

Phone news items to the Tldings.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-20
The Russian Propaganda.

If one had not too much vanity
one should like very much to know
what Europe really thinks of US. She
is not free to say. She needs US in
every way, but she is not bound on
that account either to love or TO ad-
mire us. Nor is she under the slight
est obligation to consider rights, pre-
negatives and feelings which we do
not insist upon for ourselves. We
insist upon prices and good collateral.
That is important. 1t ought not to
be everything.
Take Russia. What does Russia
think of us, really. Five years ago
we solemnly denounced our CONNER
cial treaty with her. 1t was a treaty
whereby American interests were
guaranteed fair and equitable treat
ment in Russia, and round about.
When it was broken on our denuncis-
ton 1t was thought that the cost
would be pretty high. There was
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-20
EFFECT OF RURAL
CREDITS ACT
Expected to Reduce Inter.
est Rates and EncouraUs
Land Ownership.

In a symposium based on rs,,-.
from its mortgage agents and b,,,.
throughout the South and West ..
United States Mortgage and T,-a
Company finds that while the ul,ir,.
effect Of the new rural credi. AZ,
still doubtful it is expected 10 r.du.,
interest rates, encourage the sn,r
farmer to become land owner A.,
raise the price Of agricultural land, /,
the new and less developed sec,io,,
President John W. Platten says:
This new measure appears to |,
not yet fully understood, the con.,.
sus Of opinion, however, from u.
Southeastern section being tia, i
should ultimately benefit and eneov,
age ownership il properly admins.
tered, while in the Southwestern r,.
ton considerable conflict Of opiro.
exists, some communities eyincing cor.
siderable enthusiasm as TO It's vo,,
ings while others question its prs,
ticability or the effect which !, vii
exert. In Texas the question OF coz.
flict with the state Law is quite ger,,.
ally raised.
an the Pacific Northwest, the an.ic.
pated effect is considered slight, and
the law is thought by some TO be 70,
burdensome, while in the in.ernour.
tain section, although some lack Of in.
terest exists, it is believed tina. farm.
ing will be encouraged.
"The North Central and Middle IVES.
sections report no immediate effect sr.
pected, but the development Of snsl.
farms and increase Of farm values Is
ultimately predicted. The law !,
thought by some to be too complc,;,.
and in need of revision.
Throughout the entire country Ii,
opinion seems almost unanimous tia.
rate reduction will result from Ii.
operation Of this law, although lcs
rates and reasonable charges are s.
to already prevail in some sections
particularly the older farming section
Of the Middle West"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-20
A Ferryboat That
Never Turns Around
To the Financial Editor:

To the Financial Editor:
Messrs. Wilson, McAdoo, Redheld,
etc, have from time to time lectured
business, big and little, on various
phases of efficiency. 1t appears inter-
esting to use the deadly parallel on
government methods, as demonstrated
in the Custom House. | made con-
tract in France four months ago for
certain manufactures of metal at the
ruling market price. The goods have
lust reached New York, and | am in
formed that the Custom House valua-
tion is based on the value of mer-
chandise to-day, not at the time of pur-
chase; hence an advance of approx
mately 1914 per cent 1t is manifest
that in these times Of stress, when raw
material is advancing continually, help
is scarce and wages on the increase,
the lapse of four months would I'M
doubtedly be translated in higher quo
tations, but why should the American
tuyer be penalized 1914 per cent, as in
this instance The purchase price, duly
authenticated, is undoubtedly the only
fair basis Of value.
So much for the merchandise side Of
il.
On the money side of the question,
the ruling might be applied on similar
lines, and the value of the franc be
taken as of to-day, viz, 5.9l' francs TO
the dollar. but the government says
pot-"the franc with US has a fixed
value Of 5.19, and the duty is liquidsted
On this basis" Result. another increase
CT, roughly, 1914 per cent, making a
total increase of % per cent, which is
absolutely arbitrary. The government
is once more inconsistent and vindi-
Gates its title of the political ferry
boat which travels both ways of the
stream without turning around" sug-
gest that you investigate this phase OF
cur Administration. These malefaetions
amount to millions a year. and interest
vitality large percentage OF the bust
ness community. Glad 70 show you the
documents. PETER E. ALLIoT.
New York, Aug. IS, 1916.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-20
Exnorts Highest Yet.

The value Of automobile exports 'f'n
the United States for the year eh'''
June 80, 1915. is only a trifle less '''-
double the value for the previous !e'''
Especially noteworthy is the fact 10,
this is not due TO the large expor" "
commercial vehicles, for Of toai y
crease Of s52,000,OOO commercial ca"
only account for little less 'hah ''|
100000 Parts, excluding tires %"
increased $4,000, O0O, leaving the %
ance Of $4,000 900 20 be CREDITED
the passenger car increase. In reg"
ing this remarkable figure II mus
remembered that Europe has been
closed market By reason OF high %
and, subsequently, prohibition o.
ports. since October, 1915. Inc CO.
figures for June. 1915, give the an'
TO the question Of where these e. :.
cars are going, for they sho" 'aA
British colonial empire is euy'ns
very large number and that tAe
American countries added 'Os'
make a big total. IL is obvious :.
America now has . firm hold o. ~,
markets which have been IN 'he
Of buying largely from Europe -,
II isa credit to the American inas'-.
tha, the loss of the important %"
pean market has been so maen So,
than Offset by the increase ID
6elds.-Ths Automobile
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-20
On Great Britain's
Keeping Even
To the Financial Editor:


Your article in to-day's Tribun. &;
England Keeping Even" has consids,.
ably puzzled me. You take sides
against a popular theory regarding
Great Britain's indebtedness, and sp.
parently prove your case by recitirg
figures. But If Great Britain is keep.
ing even with the outside world, as you
say, why is she compelled to send grsa;
quantities Of gold to us--by your osi
figures s225, 100000 since May l2l Wiz
is the pound sterling at discount i
the New York market? Why is he
pound at a discount in such neutrs!
markets as Holland, Sweden, NorviS
Spain and Switzerland?
Great Britain is paying full value t''
commodities purchased abroad sni
turned over to her allies. She is par
ing a dollar plus for a dollars worth.
VIII she be able to realize dollar fo'
dollar on the o U notes she Is re-
ceiving from Italy, France, Russis, Be-
GUM and Serbia-psrticularly the latter
three nations? When the war is over
you say, Great Britain will be ii,
largest creditor nation In the world
Also, is it not possible that she will
have the largest quantity Of bad col
lateral in the world? To squeeze Be-
GUM or Serbia for payment after the
war would be as inhuman a deed as
any one could devise. To squeeze Rus
STA might lead TO trouble. Ditto France
Ditto Italy.
So, is it altogether proper for you 70
say that with the outside world Grea'
Britain "is keeping even, and may even
be able presently to get the balance o.
the credit side of the account H. u.
deed, that has not already happened J
Great Britain's financing OF the war D"
been marvellous, and will 20 down d
history as one Of the greatest fea'uf"
Of the whole great struggle. d.
everything is not possible even to G's'
Britain; that is why so many peeps
like myself, will wonder whether we
have not left something still 10 De "'
in connection with your article, 'tn'
land Keeping Even" A. = D.
New York, Aug. 10.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-20

the report of the sudden fall OF our
bonds in the foreign market the public
mind was thrown into anxiety. From
October to December all sorts of stocks
fell to a fearful extent, but from jan
uary, 1915, they began gradually to
rise, until in June or July the general
condition of the market resumed nor
NAL activity. During the three months,
August, September. and October, the
market was depressed again. After
November up to January ths year
stocks rose TO an extraordinary height.
1T is needless to say that prices in
general have advanced. For the last
few years the crops Of rice having
been good and plentiful and, the
price of rice steadily falling. our farm
ers suffered in consequence. As a
remedial measure our government be-
gan to buy rice in such a way as TO
maintain the price. In spite of this,
however, prices continued to fall, al
though the export of rice considerably
increased and import showed q ten
dency to diminution. As regards raw
silk and cotton yarn, transactions fell
seriously at one time. Export to the
United States of America and Italy
having been greatly lessened, prices
fell excessively. so much so that our
government took measures to remedy
the evil effect. But the American mar
ket since November last has been prom
Using. with sudden rise in prices.
Rise in Wages.
"wages as compared with the prices
Of commodities cannot be said 10 have
risen seriously. Men engaged in Vari-
Gus factories-such as ironworks'
chemical manufactures, matches, glass
ware, knitting, paper, ete.-sre lncreaS-
ing in number day by day and month
by month. Owing to the widened held
of employment and to the fall IN tne
price of rice. their condition OF me
is generally good. il being very often
the case that proprietors OF factories
cannot obtain the labor required. Our
labor market may fairly be SAID 70
show a favorable condition.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-20

The above rates express the cost of
foreign money in terms of the Amer
lean dollar. You buy an English pound
sterling for AIS 1915, the intrinsic
parity is s4.s6% per pound Thus, you
say either that pounds are at a dis
count or that dollars are at a premium,
which is owing to the fact that in Eng
land the demand for dollars with which
to settle accounts in this country is
greater than the demand in this coun-
try for pounds with which TO settle
accounts in England.
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
yesterday and a year ago would be
about as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-20
Foreign Trade.

"Now about our foreign trade. For
the past sixteen years, from the Chino
japanese conflict Of 1894, with the ex-
ception of only one year, i. e., the
period following hostilities between
Russia and Japan, l904-5, year after
year there has been shown an ex-
cess of imports over exports, until
1914, when, owing to the outbreak Of
war in Europe and to the consequent
diminution in the exports from Europe,
the amount of excess was reduced TO
only 100000 yen. In the next year,
1915, however, our exports suddenly
increased to 70s,3O0,o00 yen, while our
imports, standing at 532,00o,000 yen,
showed an excess of exports over i'm
ports OF l76,000, 900 yen. AS compared
with the preceding year the imports
show q diminution Of 63,300,000 yen,
and the exports an increase of H.
100000 yen. This was due. on the one
hand, TO the dulness in our import
trade, and, on the other, to the fact
that our exports last year reached the
highest figure ever shown since our
our country was opened 20 foreign
trade. The most conspicuous dlminu-
ton in our import trade is that from
Europe, which shows a decrease Of 50
per cent as compared with the preced-
ing year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-20
Rise in Wages.
In the "Talk" Era.

New York State is sppropriating thou
sands of dollars to aid the farmers IN
the economical marketing Of their
crops, and yet the men who are speno-
ing the money have advanced little be-
yond the talk" era and are no nearer
the solution of the marketing problem
than when they began. The amount OF
produce sold through state aid is too
Insignificant to be considered IN COM
parison with the total products that
reach the markets from New York
farm; Life.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-20

And here comes the astonishing
bank statement. In the week dur
ing which British loan of $3.50, 000,-
600 was underwritten in Wall Street,
there was no perceptibie hardening
of interest rates, either on time or
call. and at the end the Clearing
House banks altogether reported an
increase of 241a million dollars In
surplus reserve. The loan has not
been allotted to subscribers, and ac-
tually, therefore, it has not reflected
itself in the accounts Of the banks;
the extraordinary facts, however,
are two, namely, these: that there
was no evidence Of anything unusual
having been anticipated, and that the
present surplus reserve of the New
York banks is sufficient to permit of
a credit expansion sufficient to carry
the British loan three times over.
And this is on top of having absorbed
in the last two years, including this
British transaction, more than 1000
million dollars of foreign loans, to
say nothing of the vast quantity of
securities repurchased from foreign
holders. 1t is very humiliating to
recall that in a country so big and
powerful an increase or decrease of
10 or 10 million dollars in the sur
plus reserve item of the New York
banks only three years ago might
cause a rise or fall of three or four
points in the stock market.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-20
Cost of one dollar.
Dispose Of Newark Site.

Feist 4 Feist have Just sold for the
estate Of John II. MentL the property at
32 South Orange av.. Newark. n. j..
TO Andrew Psssek.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-20
R1 WEALTH MARKETS AND COMMERCE rs

not justified in denouncing the treaty
and have a clean face toward the
profit, then we ought to apologize
handsomely.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-20
Rents Otto II. Kahn's Garage

John j. Kavanagh has leased for Otto
II. Kahn the fourstory garage at 1865
and 1877 East 10th st. to George II.
Shafer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-20
From 1880 to 1913 the growth Of

0. P. Austin says: Foreign trade is
the purchase and sale Of surpluses."'
II it is to be permanent, the sur
pluses must be deliberately created for
foreign use.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-20
The Dollar in Foreign Exchange

The market was dull. Sterling was
easier. Francs held firm.
The closing quotations were as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-20
The Stock Market.

Many of our enterprises that hal
been attempted with imported foreign
capital became hopeless en- account Of
the war, and some OF them were Sc
verely affected. Our stock market,
also. was adversely affected with the
report Of war. From July or August,
1914, stocks began 70 suffer. and on
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-20

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, 1916-08-20
Saturday, August 10, 1916.


The stock market was very dull,
both before and after the appear
ance of a bank statement which, if
people were any longer impression
able, might have been regarded with
establishment. 1t seems not a long
time ago that the weekly bank state
ment was an exhibit like a crop re-
port, in anticipation Of which specu-
lators bought or sold stocks agree
ably to their information" as to
whether the showing would be
good" or Dad" At 1870 o'clock
they gathered around the ticker
waiting for the words and figures to
be spelled out. The thing on which
everything else turned was the word
increase or decrease after surplus re-
serve. If the competition had been
very keen and the excitement was
high traders often would not wait to
see how much it had increased or
decreased, but on the first letter of
the vital word would rush wildly
away to attend to their commitments,
that is, to buy if the letter was /,
because that stood for increase and
meant a good bank statement, or to
sell if the letter came D, because
that meant the other thing. That
seems, as was said, very long time
ago, and so it lies in experience, but
in actual time it was-what?-three
years ago. One can hardly imagine
its repetition. We have outgrown 1t,
The stock market is more serious
thing, and speculation is more in
formed by intelligence.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-20
The World and Us
Pointed Reflections on the Present and
Future of Foreign Trade.

suits which will surely show in i'm
proved competitive efficiency in world
trade later.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-20
Money

Discussing tho money market The
Financial Chronicle" has this to say:
"If anything, the local money situation
has given evidence Of even greater case
for the earlier maturitier. though for
loans extending into the new year a
rather more independent attitude Is
displayed by the banks and other lend
ers. Several important transactions
were made on the basis of January and
February at per cent, with the collat-
oral consisting Of all industrial securi-
ties. But on regular mixed collateral
o fair business in the same maturities
has been reported Mt 81 per cent. The
continued importation Of gold is one OF
the chief influence Of the unseasona-
bly, easy conditions. Crop requirements
have now abou. reached their peak,
and trade and industrial activity in
all sections Of the country are contin-
uing on an epoch marking scale. With
French loan Of s100,00o,000 negoti-
ated but a short time ago, and with an
English issue of 100000 to be Of
fered next week, the free offering Of
loanable funds is little short Of re-
markable.'
Gold Exports.-There was withdrawn
yesterday from the Sub-Treasury $780,
600 in gold coin for shipment to Cuba.
This mede a total Of 100000 sent to
Cuba during the week.
Movement Of Specie.-Imports OF spe-
Gle at the Port of New York for the
week ended August Is were: Gold,
$333,94S and silver S476,lS3, making a
total of Ssi0,13l, against total Of
$SO1,O 24 for the preceding week and
$1.017.437 in the corresponding week
of last year. Since January imports
of specie amounted to s73, l67, 526,
against S35,s57,l63 in the corresponding
period a year ago.
Exports of specie we're: Silver,
S92S,365 and gold Sl,225.07o, against a
total Of S3,249,945 gold and silver last
week and Sl,6l2,725 in the same week
Of last year. Since January 1 exports
Of gold amounted to s6S,143,765 and
silver S77,35l.167, against $S,93S, lSS
gold and S25,S7S,S37 silver in 1915.
Federal Reserve Discounts.-Oficial
discount rates in each Of the twelve
Federal Reserve districts are: