davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20

The above rates express the cost Of
foreign money In terms Of the Ameri-
can dollar. You buy an English pound
sterling for s4.75A; the intrinsic par
ity is 1868 per pound. Thus. you
say either that pounds are at dis
count or that dollars are at premium,
which Is owing TO the fact that in Eng
land the demand for dollars with
which 10 settle accounts In this coun-
try 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, 1916-09-20
American Exchange National Bank

Some time ago interests in the
American Exchange National Bank
acquired stock control of the Pacific
Bank, an institution with a state char
ter. with view of organizing it as
branch on the expected amendment Of
the Federal Reserve act. making 1t
legal for national banks TO establish
domestic branches. Congress. how
ever, failed to pass such an amend
ment at the session just ended, so that
the projected change in the Pacific
bank cannot be made. An official OF
the American Exchange National Bank
said yesterday that pending the enact
ment of the necessary legislation the
Pacific Bank will be conducted as here
tofore.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20

Comment appropriate 20 a mod
ern situation written 1900 year.
ago:
For dream comctn through the
multitude Of business.
In the day Of prosperity be joy
ful
The profit Of the earth is for all
Ne that loveth silver shall not
be satisfied with silver, nor he that
lovcth abundance with increase
when goods increase, they are
increased who eat them; and what
good IL there 10 the owners thexs-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20
Corporation Returns
Saxon Motor Car Corporation.

Saxon Motor Car Corporation.-An-
nual report for the year ended June
80, 1916, shows net earnings of ST.
3l6,273, equal to s2l.93 a share on the
s6.OOO,OOO capital stock. This is the
first annual report issued by the com
pany. The balance sheet shows a cash
balance of s596,722, and inventories
are valued at $2,134,327. During the
fiscal year the company shipped 25,5OO
cars, and, compared with the figures
for the preceding period, 9,S43 cars,
shows an increase of 1857 cars, or
more than l59 per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20

A very dull mlllion-share day on
the Stock Exchange That kind OF
day had never happened before, nor
had 100000 Of foreign gold ever
failed to get counted on its arrival.
That has happened. The principal
advances were in Associated Oil,
Consolidated Can. international
Nickel. Cuban American Sugar. Sax
on Motor, Vulcan DEFINING, West
crn Maryland preferred and several
other things that one never was
known to have; the principal de-
clines we're in Bethlehem Steel, Fed
cral Mining and Smelling and Rune
". of which any one might have
little. Elsewhere through the list
there was activity without direction,
which very often means that there
has been much selling without preJu-
dice. 1t doubtless has that mean
ing in the present case. but one won
ders what would have happened to
the stock market in the las ten days
if somebody had not had great
many stocks to SELL
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20
LEGAL NOTICE

STATE or NEW YORK -- = III s.
TEE SECRETARY OF ,, Srn rat y
IT rs HEREBY CEki - spaa :,
trademark "GEAhbNSn, ,.y place. 4
Finch COMPANY, va r. nrtnclpal ptg !,
ss tn sA, Of p snG COMPANY :; aS.sa t
S c'' iSs broadway. Borough S {, S' Yorl :,
WITNESS nay hand ana 'S ~ s,sl, .
office Of tho socre."' ,,s ihirss..,
fseail the city Of Aioans' Thousand -
hundred and sixteen. ,.r
Second Deputy secretary "
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20
The Dollar in Foreign Exchange

Sterling rates displayed somewhat
easier tendency yesterday, with de-
mand bills quoted at ASH. Francs
were also fractionally lower. while
German exchange hardened somewhat.
A small advance was recorded in Rus
sian rubles.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20

A militant attitude prevailed yester-
day among the local bankers TO whom
banking directorate has been withheld.
Some of them expressed their deter
mination to contest IN the courts, if
necessary, the ruling ot the Federal
Reserve Board. The first step prob
ably will be reques. for hearing on
The matter.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20

Directors voted yesterday 10 recon- !
mend 20 stockholders an increase III
tho capital stock from sS,Ooo'Ooo 10
q 600 900. This is not the first melon
cut by the company. In 1909 so per
cent stock dividend was paid. In 1910
an extra cash dividend OF 4 per cent
and a stock dividend of 33 l-3 per cent
was given TO shareholders. In l9lZ
stockholders received the right to SUB
scribe to one-third of their holdings
at 500 per share. and in 1918 action
was taken giving stockholders the
stock at $3.50 share.
Bank of New York. b. y. A.-The
board Of directors have elected l.. f.
Kiessewetter a vice-president.
French War Loan.-Csble advices
were received by the Farmers Loan
and Trust Company yesterday that
subscriptions to the new per cent
French loan will be opened from Oc-
tober 5 to October 20.
Railway Heads to Meet.-The first
formal melting of the Railway Execu-
tives' Advisory Committee since the
enactment Of the eight-hour law will
be held to-day at 81 Broadway. the
offices Of the committee.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20
American Seeding Machine.-Rep'

American Seeding Machine. Report
for the year ended June 80, 1916. shows
gross revenues of s3,6s2.9O5. as against
S3,39i,067 for the previous year. Net
revenues totalled s693, $50, an increase
of S154,535. The company paid divi'
dends amounting to $3.50, 900, and total
surplus, including the previous surplus.
was s1,S04,S97, a gain of s3O,l93 over
1915. Cash on hand as of June 80
totalled S633,4O9, compared with $751;
l6S on the same date last year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20
Phone Rates in Sweden.

Telephone charges for long distance
three minute daytime conversations in
Sweden range from 4 cents for dis
tances up TO 81 miles 10 81 cents for
distances Of 9gi miles and over.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20

1t is not the spiral but the cen
trifugal movement Of stocks that is
surprising. Every bull market IS a
combination Of both movements. BY
the spiral movement a stock goes
round and round in the envlrons OF
the Stock Exchange, each successive
buyer paying a premium for the
privilege of taking it off the hands
of the last holder. BY the centrifu
gal movement a stock Is cast out
ward from the centre; that Is, from
the innermost ring to the next
larger, and from that one to the
third. and so on until it is quite out
of sight. 1t is said then to have
disappeared" or to have got "di-
gested." Stocks have been moving
in that way at a most incredible rate.
This accounts for the power of the
market TO absorb stocks, which now
is so much commented upon, ecstatl
cally by those who have stocks to
sell and disgustedly by those who
have sold too soon. 1t is a very eX-
traordinary fact that after a long
sequence Of million-share days the
loans of many brokers in Wall Street
are reduced. There must have been
q corresponding increase in the loans
Of brokers out of town to whom the
stocks have gone and also in the
loans of hundreds of interior banks
that carry stocks for their custom
ers. The head of Wall Street house
saws: 1--WE have reduced our loans.
Our case must be exceptional. We
were right on the market and our
people have taken very large prof
it's" 1t is not exceptional. 1t is al
most the rule. The ring nearest the
centre has sold stocks heavily; but
the outer rings have bought and
taken them away. The aggregate
buying power Of the outer rings is
greater than was ever the case be-
fore, and greater far than the buy
ing power Of the nearest ring. Cred
it is of the same quality and cheap
ness everywhere.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20
Money and Credit

Rates for money on call at the New
York Stock Exchange reflected an
easier tendency. Some loans were
placed as low as 2l2 per cent, but the
ruling quotation was pa per cent, com
pared with per cent the day before.
Time funds on brokers' Stock EI-
change collateral remain unchanged so
far as rates go. but the tone is some
what easier and offerings are trifie
freer. Demand shows a slight falling
off
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20

Below is given the current exchange
value of foreign money in dollars and
cents. together with the intrinsic gold
parity az calculated by the United
states Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20

Sub-Treasury. - New YORK banks
gained from Sub-Treasury s13,647,OO
Silver.-Bars in London, 1924
renee; here in New York, 6Sts cents;
Mexican dollars, 527s d557s cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20
Neus Digest
Foreign

London Stock Market.-London, Sept.
19.-The stock market was quiet and
uninteresting to-day. Lack of fresh
business caused consols and other gilt
edged securities 10 droop, and about the
only activity noticeable was in rubber,
industrial and shipping shares at steady
prices American securities sagged and
occasionally were below parity.
French treasury bills amounting TO
100000 maturing in October are
being renewed on the basis Of Ga per
cent.
Petrograd exchange declined on
American speculative buying and the
proposed Russian internal loan.
Money was in better supply and dis
count rates were quiet. Money, ~ per
cent. Discount rates-Short and three
month bills, 5Iza5ss per cent. Gold
premiums at Lisbon, 80.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20
BANKERS In A
MILITANT MOOD
Reserve Board Decision
Limiting Directorships
May Be Contested.
rsr.ci,l corr..pona.nc. 70 n. rrisnn.
Washington, Sept. 10.

Washington, Sept. 10.
Under the new Kern amendment to
the Clayton antitrust act, permitting
"interlocking directories" the Fed
eral Reserve Board has granted the
applications of $50 bankers to sit on
more than one board Of bank di-
rectors and has rejected 1913. A
steady stream OF applications is flow
ing IN to the board, but action is nee
essarlly slow, officials say. as under
the law each case must be considered
on its merits.
The Clayton act Of October Is, 1914,
prohibited directors of member banks
of the Federal Reserve system from
serving as directors in other banking
institutions, except in certain specific
cases, the purpose Of the act being, in
the language Of the judiciary Commit
tee OF the House. "to prevent, as far
as possible, control of great aggreGa-
tons Of money and capital through
the medium Of common directors be-
tween banks and banking associations,
the object being to prevent the CON
centration of money or its distribu-
ton through a system of interlocking
directories"
The Kern amendment TO the Clayton
act provides that, with the consent of
the Federal Reserve Board, an officer.
director or employe Of member bank
may serve as officer, director or en-
ploye Of not more than two other
banks if such other bank or banks
are not in Substantial competition"
with such member bank. In passing
upon the applications the board con-
siders the facts submitted by the APP
plicants and the recommendation of
the Federal Reserve agents of the re-
spectiye districts.
Each Case Decided on Merits.
The board considers each case on
its own merits, but takes the general
position that "the mere purchase by
two banks Of commercial paper in the
open market, or the making of time
or demand loans on collateral securi-
ties having a wide market, or the pur-
chasing of such securities, need not
necessarily be considered as indicat-
ing substantial competition within
the meaning of the Kern amendment"
It is, however, the view Of the board
that Substantial competition exists
in cases where the resources of the
banks are of such magnitude or Of
such character that the ability Of the
banks jointly to grant or to withhold
credit, or otherwise 10 influence the
conditions under which credit may be
obtained, might constitute them a
dominant factor in the general loan
market, even though the character of
the deposits carried by the institutions
in question might be quite different"
"The Federal Reserve Board" de-
clared a recent statement, considers
two banks in substantial competition
within the meaning of the amendment
if the business engaged in by such
banks under natural and normal condi-
lions conflicts or interferes, or If the
cessation of competition between the
two would be injurious to customers,
or would-be customers, or would prob
ably result in appreciably lessening
the volume Of business or kinds of
business of either institution"
Following is statement of the ap-
plications granted and denied in each
Federal Reserve district:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20

Gold to Spain.-Gold to the amount
Ct 100000 was withdrawn from the
Sub-Treasury yesterday for shipment
TO Spain.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20
London Wool Auction

London Wool Auction London. Sept.
l9.-The offerings at the wool auction
sales to-day amounted to $500 bales.
The tone was distinctly better, and
lower grades, which were neglected last
week, sold more freely. An improve
ment in fine grades was attributed to
government orders placed in Yorkshire
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20

Paris Bourse.-Paris, Sept. 49,
Trading was quiet on the Bourse to-
day. Three per cent rentcs, 81 francs
70 confines for cash; exchange on Lon
don, p francs 80 confines; 5 per cent
loan, 90 francs.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20
Daily Imports and Exports.

Daily imports and exports of general
merchandise at the Port of New York
a.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20
Other Cities

Old Dominion Mining Litigation
Boston, Sept. 19.-Cross bills, in which
the Old Dominion Copper Mining and
Smelling Company and the New Eng
land Trust Company are contending
parties in litigation involving S2,1l2,
1893, were dismissed by agreement in
the Supreme Court to-day. The min
ing company had asked the court 10
order the distribution of the money
in fulflment of judgment against
Albert S. Bigelow, of this city, by
which it was awarded damages of 81
233, 772. Bigelow was alleged TO have
made undue profits to this amount in
connection with the sale of mining
properties. The trust company had
asked for instructions as to the right
of other creditors of Bigelow to par
ticipate in the fund.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20
Boston Coppers. B

Boston Coppers. Boston, Sept. 10
Copper shares were in demand to-day
on the local market, although the
volume of business during the last two
days was not as great as last week.
The tone was strong, with price
changes slight. The close was gem
orally lower Calumet and Hecla, 800;
Allouez, SO; CRANKY, IS; Copper
Range, 6411; Old Dominion, 6Si2.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20
Finance Economics
GARET GARRETT. Editor.

GRRET GARKEII, Editor
WALL STREET OFFICE: - Telephone.
Mills Building. 10 Broad St hanover ooI4
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20

Bank Exchanges.-The days clear
ings at New York and other cities:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20

Commercial Paper. Offerings in this
market continue light. Institutions are
more inclined to purchase, and paper is
moving at 3l2 per cent for the best reg
ular maturities. Names not so well
known are passing at 80. and per
cent
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20

Official rates Of discount at each OF
the twelve Federal districts are as
follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20

National Surety Capital Increase
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-20

American Telephone and Telegraph
Regular quarterly dividend OF per
cent, payable October l6 to stock of
record September 80.
The Birmingham age-herald., 1916-05-21
When Mother Joined the Firm

In the June Woman's Home Compan- ion is the amusing account of the eX- perience of two newspaper editors, who decided to make their mother partner in their business.
 When she started on the type writer one of them says, i've stood around in hearing distance, in vague apprehension, fearful that in some un known manner she would smash the Keyboard In spite of the fact that everything mother did was done neat ly correctly, and in good time, we were continually in nervous state of mind about her.
 'One evening, though, after we had given her the same instructions in re- gard to the same piece of work several times, mother got mad.
 Mother did not stop there. Mother had been thinking and studying since she had started into business She showed us a dozen mistakes we had been making and the means of correct ing them. She also showed us charac- teristics in her disposition that she had never shown us before. Sharp rebuke, criticism, advice. censure and encour- agement fell rapidly from her lips. She was going to do certain things in that shop if we were willing, and If we were not willing she was going to hunt other employers that were more agreeable to work Tor. IT we would let her, She would take the local beat. keep the books, take care of the correspondence and keep the business office shining. We let her.
 Besides this. she hurriedly outlined new business getting policy that ap- pealed to us strongly Mother began to show her business side, that same side that made her boss at hoiae Oldtimers were selling out and new people were coming into our county. We had de- voted but little energy to our subscrip- tion list. but had spent all of our time in an aggressive campaign toward de- veloping a going printing business. Mother saw our weak spot. She in- sisted that we keep after this chang ing citizenship with personal letters and personal solicitation. Nle would do the work.
 "She also mapped out a logical and comprehensive mail order campaign for our commercial printing department, which was inexpensive and bound to win"
The Birmingham age-herald., 1916-05-21
BIRMINGHAM'S SCHOOLS, WHAT THEY ARE DOING
 AND WHAT THEY NEED
By FLORA MILNER HARRISON

On June Birmingham is to vote on a $2,.0O0,O00 bond issue for her schools The necessity for this has risen from the fact that the city has outgrown her education al facilities, and is faced with the prob lem of educating her children, without means for doing SO.
 Few people in the city do not know in a general way of the work the schools are doing and of the advances they are mak- ing along broad educational lines; but in the matter of details, there is less def mite information both as to the progress and the needs of the citys educational system. The man who daily passes one of the modern, well equipped buildings naturally gets the impression that it is typical of the school system, and the family that lives near one of the make shift buildings that it has become neces- sary to use has a less favorable inn pression of the whole system.
 The city's public school system consists ol 56 separate schools-35 white and 2l colored-with 5S1 employees attached to the white schools and 164 in the negro schools. The enrolment in the two schools is 2479, the negro industrial high school 579, the white elementary 15,290, and the negro elementary schools S249.
 The school census in 1910 gave g, 536 children of school age in Birmingham This was the first census after the suburbs were taken into Birmingham. The census for the year ending September 3O 1915 shows 4S.25S children of school age. For this increase of 5000 only one school building has been erected. From this increase of children in school age-not all of whom are actually in school, of course-the increase in school attendance has been great. The gain Of new pupils has been constant. In 1917 compulsory school attendance will become a reality in Alabama, and this will mean an enor nous increase in attendance upon Bir- mingham schools already taxed far be- yond their capacity.
 Conditions at Central High school are generally known and are typical of those at many elementary schools. Central High school was built to accommodate 800 pupils, and was opened in January, 1906. In a few years it was filled to ca capcity, and at length the first semester pupils were sent to Paul Hayne, where a junior high school was established. To relieve the situation further, two frame buildings adjoining the high school were taken over as annexes for high school classes, and now high school pupils are occupying Central High and these two old frame buildings, while 400 first year high school pupils are at Paul Hayne. This represents the accommodations for all high school pupils from East Lake to South Highlands; in fact, the whole of
The Birmingham age-herald., 1916-05-21
To Keep the Face
 Fresh, Clear, Youthful

More important than the cosmetic care of the complexion is it's physical care. To keep the face clean, fresh, youthful, there's nothing better than common mercolized wax. It absorbs the soiled or faded worn-out skin particles. Cosmet- ics simply add unwhoiesomeness to the complexion. That's the difference. By all means, acquire the .mercolized wax habit. It's so easy to get an ounce of the wax at the druggists's, apply at night like cold cream and wash it off next morning. There's no detention indoors, the old skin coming off so gradually no one suspects you're using anything. When in week or two the alluringly youthful, roSelike underSkin is fully in view-well, you won't want, or need, a makeup complexion after that. It must be apparent that this process means complete riddance of all cutan- eous blemishes, like freckles, pimples, blotches and blackheads.
 For obstinate wrinkles, a face bath made by dissolving an ounce of saxo- lite in a half pint witch hazel surpasses massage cream and everything else for results
The Birmingham age-herald., 1916-05-21
The Faddist

From Judge.
 Grammercy: What, another new gown!'
 Mrs. Grammercy: "Yes, dear. I must have one when I attend the lecture on domestic economy"
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1916-11-20

of our country have on the av-
erage only a four-year high
school education which in
cludes from one to two years
attendance at a state normal
school or the professional
work given in the junior and
senior years in teacher-training
high schools, or several sum-
mer terms at summer schools
for teachers.
The situation with reference
to the rural schools means that
country districts are not get
ting adequate return for the
money expended. Millions of
dollars annually are wasted,
because the unframed teacher
is almost as expensive as the
well trained teacher yet can.
not accomplish such results.
In time Oregon will remedy
a condition that is now re-
garded as ridiculous by all
who have information on the
subject.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1916-11-20

land papers because they have
protested to Congressman Sin
mott against an effort 10 secure
a p0St0ttice building for their
town. The move is branded as
q pork" effort by these good
people and they do not say a
word as to their possible aver
sion TO the removal Of the post,
office from its present location
for fear it might hurt their bus
mess on their property. Yet if
the Hood River people making
this protest are Of the same
clay as most other unworthy
mortalS it is a 10 to one bet that
back of their loftineSs on this
subject there is something they
did not disclose to Mr.. Sinnott.