davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-25
People S Money
in Mining Stocks

Prom The Engineering AID Mining Jourrai)
THERE are innumerable prospects -
thousands of them-well worth
spending small sums upon to learn il,
they contain ore bodies of importance.
The seasoned operator rather fights shy
Of these prospects, the percentage OF
winnings is so small Yet we want new
mines, and mines are only made from
prospects; We need the money OF the
public for this development work. and
therefore far be it from our thoughts
TO discourage the small investor from
taking any chances in the mining game.
As it should be conducted. there is no
more legitimate speculative business
than that of mining, so rather than
discourage our aim is to stimulate and
encourage the opening of good pros
poets; but we want the small investor
as well as the larger to be fully in
formed of the risks that he takes, TO
20 in with his eyes open and to get an
honest return, if not a profitable one,
for the risk he has taken.
What We object TO is that type OF
literature which induces the uninitiated
70 come in with the understanding that
he is practically sure Of rise in the
market value OF his stocks, and IL is the
half-truths that arc worse than lies.
Lies can be dealt with. receptions can
not always be. We read such para
graphs as: There is every reason to
believe that these shares will double in
value within the next few weeks;
There are indications Of probable ore
to the extent Of 5O,OOO,OOO tons; This
adioins the A. property, is a con-
tinuation Of the same deposit. A
shares sold at 81 when they were
brought out. now they are above $40"
These and hundreds OF other catchy
phrases are not lies, but they are is
sued for the purpose OF securing, ard
do secure, money under misunderstaud-
ing IT not MISTY Pi cs'A soNiNAA'.
While we are suffering from lack OF
money to open numerous prospects. We
are not suffering TO the extent that
makes Misrepresentation necessary. An
accurate statement of fact should be
sufficient, and we venture TO advise
those who 90 to the public for their
subscriptions that il they. would stick
to facts their clients would be apt to
stick 70 them. This is not a theoretical
suggestion. Many responsible houses
are following it, with the result that
they hold their clientele regardless OF
occasional losses; il is satisfied with
what it gets and it grows continuously
without a campaign of hamboyant ad-
vertising. A prospect that is worthy OF
expenditures needs no adjectives 20
glorify it. Conditions plainly set forth
in plain English by en- engineer who
understands his business should bring
the desired funds. OF course. the pub
lie has been fed with claptrap so Ions
that IL might rather MISS it for u
while. and certain type of broke
would find little business If his circu
lars dealt only with facts
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-25
OUR MORAL
INVESTMENT
IN CHINA
From II. For Eastern Revie,c)


a MEXICAN commercial activity has
n been OF little Importance IN
Chine since. the early Co-hung days OF
Canton. when some OF the best sailing
vessels were laden with American
products bound for the China coast
with full return cargoes Of silk and
tea from the Orient for American and
Eurpean markets. There was a time
when the coast steamers plying be-
tween Japan and China numbered
among them many under the Amer
lean flag. but for the last twenty-five
20 thirty years America has been little
known in China as trading nation,
practically Of her ships, those trav-
crsirg the Pacific, the coast lines as
well as river steamers. having entirely
disappeared. The Standard Oil Com
pany alone has kept the American flag
flying in China. the vast organization
which this company has developed
carving il into nearly every part Of
the interior. With the exception OF
the Standard oil Company there has
been little or no Amercan trade of
permanent nature. For a while Amer
lean cotton goods found & market IN
Manchuria, but only 70 be driven out
by japanese rate discrimination, this
large field for one Of Americas great
est products thus also being lost.
In the many treaty ports opened TO
foreign trade in China we find every
power represented in the form OF large
concessions, each placed under the
flag Of a foreign nation, but in no
instance do we find the American flag
thus flying. This, Of course, is mat
ter Of qualification to many Amer
leans, it being typical Of the real
American spirit manifested toward
China, proving 70 China and the world
that territorial aggression is not
policy followed by the United States
OF foreign trade. One thing that Amer
leans rightly pride themselves upon Is
the magnanimous manner in which she
has undertaken the undermining o.
Young China through her educational
institu. ions scattered throughout the
provinces. Ninety per cent OF the
young men educated abroad, other than
those educated in japan, have studied
in the colleges and universities Of the
United States. In the various phil
snthropic institutions, such as hos
pioals and orphan asylums, the United
States has also, through her mission
aries. taken the lead, and to-day there
are 10 be found few Of the largest
cities Of China that do not have Amer
lean doctors In charge OF hospitals
largely supported by American money.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-25
HONDURAS WAYS
WITH INVESTORS
Englishman Who Tried TO Build
Wharf Finds Them Hard
Uashingt0n, December IS.


The way Of the foreign investor in
Honduras is hard, II ho has no con-
cession from the government Of that
statc. Advices 70 this effect were re-
eeivod BY officials here lately. A case
In point was that OF an English in
vestor, who desired 70 build a wharf
at Puerto Cortos. Ho had previously
erected, without a concession from the
Hondursn government, q small plant
for the manufacture % steHmdricd CO.
prs AZ Puerto Cortes. He had located
his plant directly on the waterfront, at
additional expense, intending TO build a
wharf there. But when the construc-
ton OF the wharf was begun he found
thai recent government prohibition
prevented The erection OF such vharves
without special permission.
He AZ once applied FOR this, but was
refused, on the ground that the govern
ment owned a wharf and . railroad al
Puerto Cortes, which be could use ,or
the supply OF bis plant. This use OF
this railroad will require . side track
20 the coprs plant, which will cost It's
owner a. much as it would have cost
20 build the wharf; also there will be
additional charges FOR wharfage and
switching and for handling tho nuts.
As the production OF copra will de
prive the Hondursn government OF
some % It's revenue from cocosnut ex-
port, . .tI based on tho export OF the
nuts hs. been placed on eoprs export;
$50 pounds OF eoprs are considered
equal 70 900 nuts in the tsriS. The
English investor who built the ccprA
Plant has offered 20 demonstrate 70
tie authorities thai the new steam
drying process retains much higher
percentage OF weight than the old copra
n sihods and that Puerto Cortes nuts
produce $50 pounds - the 1000 nuts,
bat in vsiH.
Coprn export g new industry in
Hondurss. and is not securely estsb-
iished. The sction Of tho government
in placing Surdenso'ne export duties
and other rcstrictious on is growth
seems l.ttle calculated 10 foster IL.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-25
American Shipbuilding

Steel merchant vessels building or
under contract to be built in private
American shipyards on December /,
1916, according to builders returns TO
the Bureau OF Navigation, Department
o. Commerce. numbered 400, OF l,42s,-
003 gross tons. On December |, 1915,
builders returns OF construction or
contracts for the construction of steel
merchant vessels aggregated 202 YES
sells, Of 761 81 gross tons. The tonnage
building or ordered on December 1.
1916. however is less (17 vessels of
l.e4s gross tons) than on November I.
1916. the first break in the line of in
crease. since tho issue Of monthly re-
turns began. in February. 1915.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-25

Ian methods and resources will prob
ably make the members OF the com
mission realize the inferiority OF
everything Australian. But will that
not be 10 convey very exaggerated
idea Of the merits OF American ca
pacity and organization7 1t Is only
by comparing American works with
the works OF other great manufsctur-
ing countries that they can be seen
in their true perspective.
The second objection is one Of
naive patriotism. Americans are
VIGOROUSLY persuasive, especially
when met with on their own heath,
and there is grave danger that the
Australian commissioners would be
taken into the pocket of their host.
The writer says:
one has 20 consider also not only
how the commission may regard
America, but also how America may
regard the commission. We may Do
quite certain that the utmost al
vantage will be taken Of their pres
ence in the United States to
strengthen the trade relations be
tween the two countries That will
Of course, be perfectly justifiable on
the part Of America. but will Austria
liza be perfectly justified in recipro-
eating? Great Britain is bound 20
lose certain amount of ground
owing TO the fact that while this war
proceeds il is impossible for her
manufacturers TO go on supplying
Australia quite as freely as they dio
before the war; but VIC should not
be ready 20 take steps that "oulo
make her suffer after the war Tor the
glorious efforts that she has made
for the overthrow OF Germany ana
the freeing of Europe from night
mare. Yet that is sssuredly what
will happen if the commission re-
turn to Australia filled with ideas OF
American greatness and competency
and entirely ignorant Of the re-
sources and organization Of British
manufacturing concerns.
Americans could promise before
hand not to talk shop and to refrain
from exercising the spell Of sales
manship, but there is apparently no
help for the other risks.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-25
Dining Car Cookery

I. hes just been decided BY me ma.
avem.n. OF tho burlington Raiireaa "
construe. a bic commissary o'p"'.
men. a, par. Of the West Side On'e'.
passenger terminal. In this comm" =,
sary will DO baked 1000 s'A
bread a lay. % b, used in the din'n,
cars ell ,v~r the system. Wv
salads and aeuees OF svorJ Alna -"
description will be made in u' ~
missary and shipped over the saw"
TO various dining car routes. iHs
tenn now is t. furnish the eh'' n
every dining ear with reeipe' Ct
dishes and allow him 10 prepare
samA
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-25
Eience
Come Wars

Why must they 90 on fighting?
Because the idea of sovereignty. as
a practically dominant moral author
ity lodged in officials, makes the po-
lice power or taxing power the basis
of all property right, and SO turns
the business organization morally
upside down by compelling it to cap
itali.e legally coIlectible claims an
stead Of creative completeness. 1t
follows from this fact that improve
ment in the technical apparatus Of
society is narrowly restricted, and
the apparatus becomes so overloaded
with the claims of the creditor class
that it cannot continue to work un-
less the excess claims can somehow
be shifted to foreign fields. Hence
come wars.
The point is that business is gov
erned at last from banks, that banks
ought to be public institutions like
universities and public schools, that
credit should be administered for
the improvement Of the technical APP
paratus or productive organization
and the tightening Of overhead
charges. and that if this order OF
things is reversed-as it must neces-
sarily be in a community that can
not think of property rights in terms
of productive power but only OF po-
lice power-then business must be
belligerent or cease to exist.
Politics on the old plan is simply
exhausted. There is no possibility
Of international order left in it. The
rise of the vast structure of modern
business has subjected its theories
to an intolerable strain. If we
would have peace we must achieve
a few new concepts and learn to
think in fresh categories.
And chief among the new concepts
is the idea Of government not by re-
preston, but by the irresistible
drawing of enterprise and oppor-
tunity-government in which the ad-
ministration of credit shall tend to
supersede the administration of JUS
tice (malefactors being shut out,
rather than being shut up), and in
which the springs of power shall be
found not in terror and bleeding
wounds. but in the control Of Gle
mental forces.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-25

power and the taxing power, were
not ft overlords for this new order
Of Great Industry. They should
have foreseen that the catastrophe
of the ages would surely fall upon
US if we failed to treat with loyalty
and honor the new kingdom of the
creative spirit.
The leaders did not know, they
did not understand. They supposed
that business was just business.
They let it run loose.
The enormous strength Of the
new order Of tools and engines be-
came a neutral power. 1t was not
enlisted for the life of any nation
or against it. 1t was indifferent
about civilization. it's banks and
bourses worked in an atmosphere of
vague cosmopolltanlsm.
The greatest war that mankind
has ever known is a struggle among
rival political systems for the favor
and fealty of this neutral world
power-the power Of creative indus
try and commerce-to which the
future indubitably belongs. The ma
tions fight for primacy, hegemony,
mi
in the empire of business. There
would have been no war if the tool
power had not been a moral neuter
and imbecile.
The way TO make peace is to treat
the working organization of Modern
Society with mental seriousness and
moral energy. 1t has become the
chief of world powers, whether we
know il or not.
Our not knowing it is what made
the war.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-25
Business
Morally Neutral

We cannot have peace-peace Will
continue to be far from us-so long
as the world of work, the business
world, continues 70 operate in NOR
ally neutral zone. We must under
stand that the modern. high-ten-
stoned organization of business has
come to be the supreme political
fact-that it is a new kind of So
ciety, a new kind of government.
To continue 10 think Of the bust
ness organization as submoral
realm, region of human activity
in which devotion to humane and So
cial ends is neither indispensable
nor constitutional to continue
to think of the huge political SOW
ereignties, Germany. France, Brit
ain, America, and so on, as morally
superior to the business organization
as properly charged with right
and power to regulate and rule over
the working world-to continue to
think like this is to perpetuate a
situation in which continual strug
gle of nation against nation for
primacy Of power over the interna-
tional business system is absolutely
inevitable.
The international business system
must, on the contrary, be thought Of
as the beginning, the organic fila
ments, of new world order-a self
directing and self-governing empire
Of science and creative art, bent
upon the establishment Of living
community of interest across all
frontiers-or else the nations must
go on fighting for first place in
finance and commerce.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-25

Various objections have been
raised to the proposal that an Aus
tralian industrial commission be sent
10 the United States to study out
methods and technique of produc-
ton. Two Of a very unexpected
character are discussed by the Aus
trdlidn Statesman and Mining
Standard, Of Sydney. One is that
the commissioners would be over
awed by American magnitudes and
proportions, and that for want of
anything by which to scale the things
they saw they would probably re-
turn with more wonder than knowl-
edge. TIE writer aoutely observes
that:
4 comparison Of American methods
and American resources with Austria
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-25
What Need
Not Have Been

This need not have happened-it
would not have happened-if there
had been anywhere on earth a ma
ton with vision and understanding
in its leaders. The leaders of great
nations, nations armed with this new
and awful power of creative engines,
should have known that the national
way to strength and imperishable
fame lay through steadfast and
exclusive devotion to the mastery
Of materials and elemental forces.
They should have understood that
the old states, built upon the police
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-25
odd in Battle;
Young in Tools
Vision Of a Time When
the Race Shall Be as
Passionately Devoted
to the Use Of Engines
as 1t Has Been to the
Use of Arms
BY CHARLES FERGUSON

TNHE man with the bludgeon, the
police baton or the ensan-
guined sword has now his
day. But it will pass. The modern
world cannot for long be ruled by
violence-the soul shuddering back
from the reek of lacerated flesh.
To this horrible pass have we come
the whole world turned to wounds
for reasons that are not obvious.
Alas. our faces are turned away
from the real reasons. We are told in
diverse accents of ssseveration-
tones clerical, cultural, military, legal
that there is lack Of Christian
feeling, that men have reverted
10 primitive instincts OF the
beak and claw-at least, that some
men have, huge nations Of men-and
that there is no cure for this moral
reversion save in the organization
and demonstration Of overwhelming
violence, actual or potential, on the
part of the nations that have been
less base.
IL is in pursuance Of this view Of
the matter-the assumption that this
war, all wars, perhaps, are due to
malignant, aggressive wickedness,
and that such wickedness can be con-
quered temporarily or permanently
only by irresistible violence-it is in
pursuance Of this view that the
Western Allies set their teeth against
Central Europe and declare that all
peacemakers are children of con-
fusion and the devil. Also, it is in
pursuance of this view that the
majority Of those who have the hope
of peace in their hearts consent to
postpone all overtures of reconcilis-
ton and proceed to plot for the
formation of a warless international
empire, wherein all peoples shall be
made placable for fear of blows that
they cannot fend.
But the fact is that this view is
an inverted view, a preposterous
view. 1t does not in the least cor
respond to reality.
There is no mean nation or com
bination of mean nations that needs
10 be crushed and held down by
magnanimous violence.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-25
Peoples Trade Ways

The Controller OF General Customs
OF Australia has recently announced
that, owing to the increased trade be
tween the United States and Australia
the Commonwealth government had de-
cided 20 establish an Office in New
York, under the control Of an officer
whose principal functions would he 10
investigat. into the value for duty OF
goods exported TO Australia, but who
would also be supplied with the neces-
sary data for answering questions re-
lating not only to practices OF this de-
partmcnt. but to trade generally, SO
far as it comes within the province o.
governmental control.-Consulsr Re
port.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-25

look.
The Ironnonqer, of London, the
best known organ of the British iron
and steel trade, thinks prices have
touched the top. This is an arbi
trary opinion, or would seem to be,
for no grounds are stated. 1t pro-
ceeds then to discuss the probable
tendency Of prices after the war, and
challenges with argument the be-
lief. more or less entertained among
English manufacturers, that prices
will continue very high after the war
and that no great slump will take
place when the government stops
buying for war purposes. Those
who hold these views base them on
the knowledge that peace orders are
accommodating in very large volume,
which the Ironmonger does not deny,
and on the hope that the de-
struction Of war will be repaired
forthwith, which the Ironmonger
doubts. There is, it comedies. vast
amount Of private trade held in
allegiance, as, for instance, in the
textile machinery line, where orders
are in sight sufficient to keep loom
makers busy for two years after the
war has ended, but perhaps people
have underestimated the volume of
the war business. The Ironmonger
thinks peace cannot begin at once
to absorb one-quarter of the iron and
steel materials now currently re
CURED for purposes Of war by the
Allied governments. Besides:
7, must not be forgotten, olso, that
a vast amount Of necessary develop
ment will be held up on account OF
financial difficulties, and that the de-
struction Of buildings and materials
on the Continent may prove TO be
smaller than is now thought. 1t Is
true that there will be no lack OF
money in America. and there is GER
tain TO be a very large demand for
iron and steel for internal develop
ment in the United States; but do
nestle work has not been held ~
there as 1t has been here, and IL the
prices Of metals should remain at
anything like the present level few
business men will care to 90 in for
developments which involve the use
OF steel. They will wait for easier
times. II may also be assumed that
the work Of restoration in Europe
will proceed slowly for lack OF means,
however much it may be desired TO
put things right quickly. An enor-
nous mass OF railway material now
in use for military purposes will be
released, and even IL most OF It is
little better than scrap It's release
will not be without its effect on the
markets. We cannot yet say what will
be the opportunities in this country
Of using comparatively cheap German
steel when the war is over, assuming
that steel is then produced in Ger
many more cheaply than here. Pos
sibly none may come direct to ou-
markets, but even in that case the
German steel output will affect prices
and supplies here, as oil over the
world, much the same as If we were
free 20 buy il. German steel exports
will not cease simply because Great
Britain refuses TO receive them.
Finally, the Yronnonger argues
that as war was the cause Of the
rise in iron and steel prices, fall
will come with peace, for the simple
reason that when cause is removed
effect ceases, which is perhaps as
good reason as any other.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-25
The New
Symbol

1t is quite true that force is bound
to rule in the modern as in the an
cient world. Force, yes; but not VIC
lence. Violence cannot rule for long
in the modern world.
A new governmental power, a new
kind of force, has risen during the
last century. This new kind of force
will supersede the rule Of violence
for the best of reasons-namely, be-
cause it is stronger than violence.
The symbol of this new govern
mental power is not a sword or
machine gun. 1t is rather a gang
plough or an internal combustion en-
CINE.
Tool power will beat into dust the
power of arms-again for the best
Of reasons. The reason is that ma
ton bent with devotion upon the
tool-using process can have its high
handed way with any neighboring
nation of similar size that has spent
a like devotion in the use of arms.
This fact is not obvious, to be sure.
The reason why it is not obvious is
that the comparison has never been
made in its simplicity. No nation
has ever applied so intense a devo-
ton to the use of tools as has fire.
quently been applied to the use of
arms. The race is young in engines,
old in battle.
Not by violence, but by the con-
troll of elemental forces, the super
nation will arise and will compel the
peace of the world. The masters
Of creative arts will Outright the
fighters, simply because they ,0iU
know more about chemistry and
physics.
This present war is terrific beyond
all other wars precisely because the
new-won creative powers Of the race
powers so great that Hannibal,
Cesar or Napoleon would have laid
down his arms before them-have
suddenly been wrested to the uses
Of destruction.