davidaulloa/AmericanStories huggingface dataset:
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1916-01-13
STATE OF MINNESOTA, County Of Mile Iaeg

I -H
Charles Keith and j. A.. Allen being du1,
sworn each for himself doth depose and say
that the said Charles Keith is the President
and the said j. A. AIN Is the Secretarv Of
Inc Mliaca Company, that the above foregoing,
instrument was executed pursuant to the an
thority of the shareholders of said cornoration
as above set forth. That seal affixed Ia sas1
instrument IS the corpo.ate seal of said cor.
poration and the said Charles Keith and 4
Allen acknowledged the execution Of said In.
strument to be the free act and deed of aa;S
corporation. - '
Dated January 3rd, 1916.
tNotorlal c. v. LODERMEIER.
SeaD Notary Public. Mile Laos Co. Minn.
My Commission expires September "a 1910 AA
STATE OF Observation-Disclosures Of
State. Sf@N eA-e.' VI
hereby certify that the within instrnn,ent
was filed for record in this Office on the 6th
DAY OF January, A. D., 1916, at o'clock A. NJ
and was duly recorded in Book B.4 of Tncor
poratlons on page SO. -
JULIUS A. SCHMAHL,
Secretary of State
47475.
OFFICE OF REGISTER OF DEEDS+Countv
of Mile Laos, State of iIinnesota-ss
hereby certify that the within instrument
was filed in my office for record this
4th day of January, A. D., 1916, and duly re-
corded in Book A of interpretations on page
A. G.. OSTERBFpG.
Register of Deeds
First Pub Jan. 1857
Citation for Hearing on Petition for
AdminiSt7 1flOus s7zSts
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1916-01-13

President.
Cashier.
Correct Attest: (Two) Directors,
JNO.s E. PARENT,
LUDGER F.. FOUQUETTE.
Subscribed and sworn to before me this 10th
day of January. 1916.
(Seal L. WISMEWAKI,
Notary Public, Benton County, Minnesota.
Ny Commission expires March %, 1921.
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1916-01-13

zoe. ..sss
Amount of Reserve on hand 6,676.25
Amount of Reserve required by law 5.621.22
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-19

ports TO South America, Asia, Africa
and Oceanic combined is but sl22,-
coo, 900, an annual average no great
or than the gain of the normal year
1912. The exports of cotton piece
goods TO the whole world by this
country, which produces two-thlrds
of the cotton Of the world, amounted
IN the full fiscal year 1916 to but
550,0O0,OO0 yards, against an aver
age Of nearly 500,0O0,O0O yards per
month by Great Britain in the cur
rent year. We have been so absorbed
in the admiration Of the temporary
increase of our exports to the coun-
tries at war that we have overlooked
apparently the more important duty
Of making permanent gains IN our
exports to those markets to which we
must look for the future growth OF
our exports in that line which must
supply the future growth-manu-
features.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-19
Manufac turers
Neglect Opportunities

1t must be admitted, painful as IL
is to make this admission, that our
manufacturers have not risen to the
opportunity offered by conditions in
the neutral countries during the past
two years. They have devoted their
attention TO the momentary oppor-
tunity offered by the war demands
of Europe rather than a ploddlng,
persistent effort TO obtain for them
selves a proper proportion Of the
neutral markets opened TO them by
the situation which presented itself
at the beginning of the war. Manu-
features cannot he successfully sold
in countries having habits of life
different from our own unless they
are prepared in form to meet the
local customs and requirements Of
those countries and sold upon terms
TO which those countries are accus-
toned. This requirement Of the for
eign trade. especially in the Orient
End the tropics, has been neglected
overlooked, let US say AS milder
term-by our manufacturers. The
total gain Of two years in our ex-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-19
Still Time to
Remedy Mistakes

Ii is not, however, too late 10 rem
edv this mistake which our manu-
facturers have made in neglecting a
proper cultivation of the markets to
which they must go for the future
enlargement of their export trade.
In all of the neutral countries the
world over manufactures form the
chief feature of the import trade.
They are the sections of the world
which absorb a large proportion o.
the s8,OOO,OOO,O0O worth of manu-
features annually entering the M
ternational trade. OF that SS,0OO,-
100000 we supply normally but
about $1,000, 100000 worth, and we
should not permit the temporary de-
mands of the war nations to prevent
our Selling this exceptional oppor-
tunity to strengthen our hold upon
the markets which absorb much OF
this $4,000 900 900 worth of manu-
features, the very class of merchan-
disc in which rests the future nope
of our own commerce.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-19
China Makes
Loans to Keep
Army Subdued
Necessity of Raising Large
Necessity for Raising Big
Sums for Soldiers Hand
By ADACHI kINNOSUkE.

Just what is the matter with China
What does she do with her wealth,
with all her revenue?
The central government at Peking
gets along with about S65,0Oo,0O0
Chinese dollars a year. The gov
eminent salt monopoly alone in 1915
brough, in more than s69 10000 Gus
toms duties usually bring in about
s45, 100000. The internal transit tax,
called likin, brings over sS6,000,O00 a
year. Land tax in the estimate for
1915 was figured at 81 $4,000. Then
there is no small income from her rail-
ways and other Industrial undertak-
ings What does she do with her
money?
For one thing, the military and ad-
ministrstive expenditures Of the prov
inces take about s24o, 100000. And for
another thing, she has TO pay out about
s120. 100000 for the interest charges
of her foreign loans and for indemnity.
But after all the imposing table OF the
finance department does not explain
the trouble.
Peking telegram 10 the Toxic
papers, dated October 30, 1916, drags
out the real reason of it all into the
full garish glare of footlights not
dramatic, but only theatrical. It said
that the central government has
granted the petition of the provincial
chief Of Kuangtung to secure loan
of 100000 from the Bank CT
Formosa-a japanese bank-to pay of
the soldiers and disband them.
Her soldier and her debt habit are
the two deadliest mildews Of China's
finance.
In China everything is upside down.
II is the absence Of money that is the
root Of all Chinese evils nowadays.
And her own army is her worst
enemy. The hrst and imperative step
in her national defence is the disband-
ment Of her armies and the disarming
Of her soldiers.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-19
Substitutes Are
Mostly Makeshifts

Less clear is the situation in con-
nection with the ability of the srti-
fetal rubber to stand up under free
competition. AS little as is known
about it publicly, yet the manufact-
ure of artificial rubber to-day seems
to be extraordinarily expensive.
That may, to be sure, improve with
increasing experience, but even if
the manufacture of artificial rubber
should succeed without any draw
back, it would also not be loss TO
the United States, as the United
States does not produce rubber.
If one looks at the substitutes for
goods formerly imported from the
United States, one will see that in
most cases they are unsatisfactory
makeshifts. That is especially true
of the most important American
raw material, viz, cotton. Nearly
one-half Of the American export to
Germany in time of peace consists
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-19

Suppose, now, the central government
would not pay General Lung the 49,
100000 he asks-what then? He would
simply stay in Canton with his men.
And what would his men do when they
are not paid by the government? They
simply do the duty as all the Chinese
soldiers see it, they go right out among
the people and loot. And what about
the rebel troops. reported to be 10000
strong and their commander in chief
Tsen? Tsen was at first denounced
roundly in opposing the ex-Military
Governor Lung.
The central government has no
money in the treasury. But that is
neither here nor there, especially with
Tsen's men. They are not losing sleep
over the matter; they know perfectly
we'll what they would do. IL does not
take much brains 10 fare forth into
a street filed with wealthy merchants
and help ones self TO money and
things is to say, if you happen
20 be the Chinese soldier and trained
to the business.
Brigsndsge at all times in China,
ard in many u the provinces, is a
regular profession, Complementary To
the military profession. says the
Picking correspondent OF THE China
Daily News" the foremost British
daily published in the Far East.
Naturally the one great national de-
fence measure for which China to-day
is crying more mistakenly and imps-
tiently thar for others is the disband-
ment OF the present army of China
Eyen while the United States il voting
hundreds OF millions of dollars for the
crsaticn Of great army, China. on
the other side Of the globe, is praying
that she be delivered from her own
soldiers.
And this. precisely, 10 the one out.
standing financial problem OF China at
present.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-19
NUR commerce Of this year will
so far exceed that Of any

NUR commerce Of this year will
so far exceed that Of any
other part of the world that
the figures stand out in bold relief
when compared with those Of any
other countries or with our own rec
ord prior to the war.
Our total international commerce
in the year which ends with next
month will approximate $4,000 00,-
900. against S4,O0O.000,0O0 in 1914,
S3.O0O,OO0.OO0 in 1907 and $4,000
100000 in 1900. Our trade Of this
year will be % per cent greater than
that of Great Britain. 90 per cent
larger than that Of Germany in the
year preceding the war. and double
that of France in the current year.
Our total trade Of approximately
$4,000, 100000 exceeds the entire
commerce Of Asia, Africa, South
America and Oceania combined and
is nearly one-hfth of the interna-
tional trade Of the entire world.
DO we fully realize how big a sum
a billion dollars is? Let's take a ia
milisr illustration. An expert count
or Of coins will count silver dollars
al the rate of IS a minute, 1000 an
hour, 10000 in an eight-hour day,
and therefore 100000 in thirty
three working days. But at that
rate how long would il take him TO
count billion? Get out your multi
plcation tables and figure il out, and
when you do you will find that this
expert. working every day in the
year except Sundays and holidays,
will require 40 years TO count one
billion silver dollars.
Necessarily, the figures Of world
commerce in 1916 thus far received
represent only part of the year.
In our own trade we have complete
figures for nine months, and those Of
the Port of New York for the tenth
month. and upon these figures is
based the estimate that our interna-
tional trade in the full year will APP
proximate Ss.OO0,000,000, against
$4,000. 100000 in 1914, $4,000, 100000
in 1907 and $4,000, 100000 in 1900.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-19
War 5 Effect or
Neutral Nations

A.. TO the effect Of the war upon
the import trade of the neutral
countries and grand divisions. Great
Britain. France, Belgium, Italy,
Germany and Austria Hungary sup
piled before the war the bulk of the
foreign merchandise entering South
America, Asia, Africa and Oceania.
American merchandise then entering
those grand divisions formed less
than 10 per cent of the total, and
the bulk of the remainder was
drawn from the countries which for
the last two years have been at war.
Naturally, we expected that the
countries entering the war would be
unable to supply the markets which
had formerly relied upon them, and
that this would result in great in
crease in our own exports TO the
neutral world as well as 10 the coun-
tries requiring our products for the
war.
In this ambition TO capture any
considerable percentage of the i'm
port trade Of the neutral world our
experiences have been disappointing.
This is not a pleasant statement TO
make, but it is a duty to the manu-
facturers of this country to make
il. True, we have shown a moder-
ate increase in our exports to all OF
the neutral sections and most OF the
neutral countries, but the growth
has been little more than normal.
and has not justified the expects-
tons, which were based upon the
assumption that the European coun-
tries would be unable TO continue
their exports, at least in anything
approaching normal The increase
in our exports 20 Asia, exclusive of
those for Russia sent by way of its
Asiatic frontage, is but s35,000,0
when We compare the figures of the
fiscal year 1916 with those of 1914,
to Africa s16,000.0o0. 10 Oceania
sl6.00O.00 and TO South America
but s55,o0o,OOo. To the North
American countries, our immediate
neighbors, the increase has been
much larger and amounts To 1884,
100000, but more than half Of this
has been to Canada, which has
drawn largely upon US for supplies
which ultimately reached the war
ring nations, or for the troops which
they were sending 70 aid the mother
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-19

chandise forming the entire interna-
tional trade Of the world.
Turning again to the specific ques-
ton Of the 1916 commerce of the
world. the classes of material Of
which it is composed and the bearing
Of present trade movements upon
those which are to follow the close Of
the war, we are able TO present Off
cial figures Of the trade of twenty
principal countries during more than
half. and in some cases three-fourths,
Of the year. These twenty countries
for which we have figures had in the
year 1914. when conditions we're nor
nal. about two-thirds of the entire
international trade of the world, and
are the principal producing nations
of the world in agriculture, manu-
facture and mineral products. We
may, therefore, assume that their Of
fetal statistics, covering considerably
more than one-half of the years in
ternational trade, furnish a reason
able basis upon which TO estimate the
world commerce Of the full year and
it's meaning, present and prospective.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-19
GERMANY IN PEACE
CANNOT SUBSIST ON
SYNTHETIC MIRACLES
When She Resumes Trade with the United Stat.
Makeshift Substitutes for Many Articles Imported
Before the War Will Be Discarded
By ERNST KAHN

Of cotton. Germany has m.r,.,,
in spite Of the English SCOTT,
blockade, TO clothe its civil po,,l.
ton, and especially also its .,r-
That is explained partly through j.
increased importation Of Tu,..s
cotton, but also through II. |.
creased use Of substitutes, Of VIII,
the nettle might be mentioned. :.
addition, paper has largely h..
used for certain purposes, sseb !,
bags and cord, but nobody will !.
so foolish as to believe that for n.
future American cotton min, !.
dispensed with. Turkey canno,. q,
the one hand, for a long tin, :,
come supply the necessary quar-.
tity, and, besides, the cost a
transportation from Turkey to Ger
many is still decidedly higher tia,
that from the Southern states.
The much praised domestic sub.
stitutes are only good for a ye,v
limited number of goods, and are IN
addition to that, probably more e,.
pensive. The conditions in resa,s
to copper are somewhat similar. A,
far as the substitutes for oil an
concerned, that IS a subject vs,y
difficult to judge for the OUTSIDE,
apparently, very remarkable inve,.
tons have been made which concern
the distillation of oil from soft Goa
and coal from slate. What one ga.
lon of oil so secured costs is no,
known. If it will be able 10 CON.
pete with American oil must remain
an open question, but one point is
quite certain: In spite of these re,
markable inventions, Germany mus,
at present use the greatest economy
and the sale Of oil was for a briel
period completely forbidden fc'
Illuminating purposes. To-day thi,
situation has improved. But still
there is a considerable deficiency
One may readily recognize also ths
this important export article Of tn
United States will not be superfs
Gus after the war. Merely the in
portation of gasolene might be re
duced permanently through the sub
stitute distilled from coal.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-19
What Other
Countries Are Doing

World trade conditions in 1916, as
shown by latest official returns, are
as follows:
Great Britain is Increasing her OK
ports and imports. especially the lat
ter. and this is also true Of France.
Russis's imports are larger. but the
exports greatly decreased. Italy's
imports are larger. and her exports
slightly reduced. Spain. imports are
ysasesd. but her sxperu increased.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-19
Internal Trade Placed
at $4,000. 100000

Even this enormous figure of APP
proximately SS,OOo,OOO,O0O as the
foreign trade Of the country is a tri-
he when compared with the domestic
or internal trade of the United
States, which ! estimate at fully
$4,000, 100000, counting only a sin
gle transaction in the merchandise
handled among our own people.
While there is no official measure
ment OF our internal traffic, we may
by taking the stated value Of all ar
ticles turned out by our factories,
farms. fisheries, forests and mines,
and adding to this the merchandise
imported, get a general measurement
Of the merchandise forming the in
ternal trade. And in doing so a
grand total Of approximately S40,-
00,000.0 900 is obtained as the value
Of the merchandise handled among
the people of the United States, in
Guiding in this estimate only one
actual handling Of the merchandise
in question. The value of our manu-
features alone was, in 1914, $4,000
900 900 and must have been much
larger in 1916. The wealth produc-
ton of farms is estimated by the De-
partment of Agriculture at S10,500,-
10000 in 1915, and must have been
fully as much in 1916, with the
marked advance in prices. The prod
net Of the mines is set down by the
Geological Survey at approximately
$4,000, 100000 in 1913. and with the
increased prices of iron, copper, lead,
zine and other mineral products must
ne greatly in excess of this sum in
the current year Add TO this the
products Of the forests. fisheries and
other industries, and we are justified
in assuming that the internal com
merce Of the country, single hand
ling Of all Of our domestic products
plus tho 81, 800 ,oo0,O 900 worth Of mer-
chsndise imported, will bring the
grand total Of our domestic COM
merce this year up 20 approximately
$4,000. 100000.
This grand total Of $40 900 900 900,
the value Of the merchandise annual
~ handled in our internal commerce,
equals the stated value OF the inter
national commerce Of the entire
world, but is in fact twice as great
rs the total actual value OF the mer-
chandise forming the worlds inter
national trade, since in stating the
value OF the worlds international
commerce we include both exports
and imports Of every country, and
when we reflect that every article
exported becomes an import when IT
reaches the country Of destination
we see that the value Of the mer-
ehsndiSf forming this international
trade is only about one-half that in
dicsted by the combination of both
imports and exports. So we are JUS
tilted IN saying that the value Of the
merchandise forming the internal
commerce of the United States il
twice 40 great ~ that Of The mer-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-19
An Imposing External Debt

in 1912 DR.. Ching Chun-wang, who
Was then the assistant director of the
Pekiny- Moukden Railway, boosted of
the happy fact that his country had
broken away from the opium habit.
He, however, could not say that she
broke away from her debt habit. nor
deny that the foreign loan habit Of
China was the more deadly Of the two.
The bare table OF China's foreign and
domestic debts is, in fact. much more
imposing than the Imperial funeral
rites in the palmiest days Of the TIA
Ting Dynasty. Beginning with the
"Cassell Loan" Of 1895. for one million
pounds sterling, down TO the five
million yen loan, which had someth ing
10 do with the silver mines Of Human
and the copper mines at Tungkusnshsn
in Anhui-the highly spicy incident
that caused the Chinese Finance
Minister. DR.. Chen Chin-tao, to tender
his resignation. and which is one Of
the most vociferous scandals at this
very moment in political Peking the
total OF Chins's debts reaches far
above the 100000, 900 pounds sterling
marx. In addition. there is something
like s77.o0o,0o0 Chinese dollars) Of
the so-eslled short term domestic and
foreign loans for various purposes
China IL to-day paying out something
like 100 million Chinese dollars in in
terest charges annually on her foreign
loans.
And II VA said that at the time
Dr.. Chen took over tbs portofolio Of
the Minister Of Finance he could see
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-19
Isolated State Idea
Not Regarded Seriously

The leading German economic clr
Giles are anyhow prudent enough to
realize that the idea Of an isols'et
state would nowhere be more foolish
than in Germany after the war
What, after all, does international
trade mean, if not the export o.
such products which country mar
be able TO produce adyantageously
and the import Of such other prod
ucts as can be produced more cheap
ly in foreign countries? A country
therefore, which produces products
that could at other places be oougn
more cheaply INDUCES in the e.
travagance, favoring only very
small number of privileged persons
If such an extravaganza is slresd!
stupid in normal peace times
would be a direct crime against 'r
entire population after this war 10
volving such enormous sacrinees'
Now, the question will procao!
arise in the United States whether
2 country will be able TO raise 'ns
money necessary for such great In
ports after a war that has brousn'
with it such unexpected expenses
Is the German economic system SUI
able to pay its bills? He who asa
such question overlookS ""
things; First, the expenses OF Oe'
many are in contrast TO those OF W
Entente. Germany could not, o"'nt
to the tactics of England, place az!
more orders in foreign countries o"
ordered all requirements Of It's sr"'
from domestic producers, who, a. .
consequence, have realized slmp9
dizzy war profits, something mo-
clearly shown in the subserpu'n,
to the war loans. This money VIZ
later on, TO large extent, come pa''
to the state in the form OF taxes !"
war profits. In addition, German.
has a reserve fit especially for 's'
financing of imports that can
made available any day. las'
the ownership of foreign secur'','.
Germany had when the war s's,'~
at least twenty billion MARKS Of ~
eign securities in its possession.
these, only the smallest amount =.
been sent to foreign countries
the present time the German 8"
eminent is listing these foreign
curities, in order to have the e''
amount Of the securities sun
naming. These might just as 's's
lily be used by US for the IMAM
of American imports, as Eng's
has used her foreign seeu''u
Finally, one must not overlook =
fact that Germany after the ~
will at once be in a position 70 i
port a number Of products for VIZ =,
there is an active demand ID
United States. We only men"
dyestuffs ard potash. AS |" -
one may judge, therefore the ~.
moment when the war demsn0s
the part of the Entente VII , ,s
to a stop, the peace demands ., =. Il
many will take their place anu lin.
go a long way toward safesu .,r' !,
the present active economic "" Ia
the United States against