davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-22
FEDERAL FARM LOANS
UNDER LAWS OF STATES
Farmers Lose None of Protection
They Enjoyed Under
Old System.

No farmer who may take advantage OF
the federal farm loan legislation to place
a mortgage on a farm loses any of his
legal rights under state laws. In case
of his failure to meet the mortgage obliga-
tons his property is in no greater peril
for the fact that the mortgage Is In the
hands of the government than under any
other condition of loan made to him on
such lien.
The state laws apply to his holdings Of
land just as they always have. He loses
none of his state rights
This statement was made yesterday by
Herbert Quick Of the federal farm loan
board. It contradicts an impression,
originally discovered to exist in Kansas
but since extending to other parts OF the
country. The impression was that in
case Of lapse Of payment on mortgage the
property would be at the mercy of the
federal loan board. which could imme-
diately take possession. regardless OF
rights guaranteed by state laws. This
condition does exist In the German farm
loan system, where the central organiza-
ton can Immediately take possession.
1.-The federal farm loan system" says
Mr.. Quick, extends benefits to the farmer
and takes nothing from his existing rights
and privileges.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-22
New York Bank Statement.

NEW YORK, October 21.-The state
ment of the actual condition of clear
ing house banks and trust companies
for the week shows that they hold $685.
425.56e reserve in excess OF legal re.
ouIrements This is an increase of
S30,511.150 over last week.
The statement follows:
Actual condition.:
Loans, discounts. etc, $3,295,766,0 600;
decrease. $41,SS6.000.
Reserve in own vaults, Of which $685.
526, 900 is specie, $433,SS3,0o0: Increase.
| $24,923.000.
Reserve in federal reserve bank,
s174.16o.ooo; increase, $3.14s.ooo.
Reserve in other depositaries, $685.
$4,000; increase. $4,000.
Net demand ID, deposits DEP ss,ass.oss.ooo;
Net time deposits. s1s5.s71. 900; de-
crease. $471.o00.
$111,000.
Assregate reserve, sss1,7l7.ooo.
Summary of state banks and trust
companies in Greater New York not in
cluded in clearing house statement:
Loans, discounts. ETC.. $731,27s.soo;
Increase. $4,971.3oo.
Specie, $50, sol 500; increase, $685. 500
Legal tenders, $s.s57.s0o; decrease,
1928. 500.
Total deposits, $s0s. 700; decrease,
S239,600
Banks cash reserve in vault, 3d.
324,500.
Trust companies cash reserve in
vault, $56.s34.40
NEW YORK, October 21.-Mercantile
paper, 3h. Sterling sixty-day bills.
III u: commercial sixty-days. 40; de-
mand, Ats 9-16; cables. 1863. Francs,
demand, 5.S41s: cables. 5.S3h: marks,
demand, 70h; cables. FOX; kronen. de-
mand. IL lis: cables. IL S-16; guilders.
demand, Al 3-1s: cables. 41%: Tires.
demand. $50; cables. 6.49; rubles. de-
67N. Mexican dollars. SIX. Govern
ment bonds steady; railroad bonds ir-
regular.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-22
EVANGELICAL AND OTHERWISE.

to the last statement of the corpora
ton. certificates of Indebtedness
amounting to $1S3.00O and $4,000
f! per, cent bonds,i although The stock
| exchange sheet gives the amour. OF
, these items as $225.000 certificates and
100000 bonds The company in its
; last showing for the calendar year
| $4,000.
All things considered, it would APP
| for the Commissioners to bring the two
corporations together for a merger, II
they deemed it wise thing to do, as
| some reports would indicate.
District Bankers Association.
| The annual meeting of the District
! Bankers. Association will be held tomor-
! row evening. Reports for the year will be
heard and a second vice president. secre-
tary, treasurer and members Of the ex-
ecutive committee will be elected.
John Poole. the present first vice pres
ident. will automatically succeed to the
presidency; Corcaran Thorn. the second
vice president, becomes first vice presf-
dent. There will be not the slightest OPP
position to the reelection Of E. S. Wolfe
as secretary.
1t is likely that cuno H. Rudolph, H.
, H. Mckee. W. T. Galliher and George w.
White and others will speak at the Kan
sas City convention of the American
Bankers Association. Mr.. Mckee. cash
Ter of the National Capital Bank. was
honored with election to the executive
council Of the association and W. T. Gal
liner with election as vice president for
the District of Columbia.
Two very important subjects discussed
at the convention may be brought up for
consideration Monday night-a resolution
against the par check clearing system of
the federal reserve system (while the as
ISOLATION went on record as being loyal
to the measure) and a sense OF the con-
vention against branch banking, the lat
ter action being contrary to the wishes
Of the president of the organization.
Chesapeake and Ohio.
Directors of the Chesapeake and Ohio
Railroad Company met last Thursday. but
did not declare a dividend, as many had
expected. The question Of a. dividend will
come up. it is understood, at the Novem-
Der meeting.
Predictions are made that the gross
earnings for the fiscal year will reach
$50, 090, 900. and that there may be Is per
cent surplus available for the stock. For
the last fiscal year ended June 30, 1916,
the company earned 1913 per cent on the
stock
Four per cent dividends are confidently
expected, with the resumption announce
ment scheduled for the third Thursday in
November
During the last fiscal year the company
rid itself of a $4,000. 900 short term OBJ
legation with $4,000, 900 convertible
bond issue. and spent 81, 000, 900 more
than ever before in one year in MAIN
tafnance of equipment. Its gross reve-
nues increased % per cent, or $8,774, 795
over the previous year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-22
TREASURY STATEMENT.

The condition of the United States
Treasury at the close of business yes
terday was:
Net balance in general fund, s153,770,-
5ss
Total ordinary receipts, s2.I2o,007.
Total ordinary payments, s3,014,194.
The deficit this fiscal year is sT1.09S.
1e4, against a deficit of s42.6s1.273 last
year, exclusive OF Panama canal and
public debt transactions.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-22
us. STEEL AGAIN
MARKETS FEATURE
Advances to Within a Small
Fraction of Previous
High Record.
WEEK OF HEAVY TRADING
BY the Associated Press.

BY the Associated Press
NEW YORK, October 21.-Enormous
trading in United States Steel was
again the foremost feature of the
weekend session, that stock on its
further advance of a point to 12o$s
coming within u of a point of its rec
ord, achieved the latter part OF Sep
TENDER. Dealings in Steel amounted
to about 100000 shares out of total
of T75,000 shares.
Other striking features were the new
record made by General Motors. which
rose Sc points to SIS. and the new
maximums scored by sugar shares.
Cuba cane rising a fraction to 6s1s.
American Beet 11a to 101 " and Cuban
American SIG to 2261a. with 12-polnt
advance for Porto Rico to 22o, that
quotation. however, being far below It's
high level.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-22
CHICAGO,
DRY GOODS MARKET.

NEW YORK. October 21.-Cotton
goods and yarns were very firm today.
The high yarn prices are making 1t diff
garments prices on Levels consumers
will trade Buri.ns We e ctea'..: lin .
.-s T. .. loib,is cd a. +. lars,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-22
LIVE STOCK MARKETS.
NEW YORK.

NEW YORK, October 21.-Beeves-
Receipts. 52a head: no trading.
Calyes-Receipts, 1876 head; steady,
heavy western calves, SIS
Sheep and lambs-Receipts, LAPS
head; steady: ordinary to fair sheep
5.0oa6.50; fair to good lambs, 10.50a
1875; culls, 500.
Hogs-Receipts. 1900 head: no trad
ing.
CHICAGO, October 21.-Hogs-Re-
ceipts, $4,000 head; strong; Is above
Yesterdays average. Bulk, 9.95a10.S5;
iirht. 9.65a10.46; mixed, 9.70a10.50:
heavy, s.70a1o.4b: rough. s.7oas.s5: pigs
Cattie-Receipts. 1000 head: steady
Native beef cattle, 6.50a11.40: western
steers, 6.25as.50; stockers and feeders
4.7ea775: cows and heifers. s.4oa9.So;
calves, T.25a11.35.
wethers. 7.00a8.25; ewes. s.75a7.4o;
lambs. s.25a1Q.6b.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-22
American Products Wanted.

Worldwide dema nd Tor American prou-
ucts, raw and finished. was again the
main factor in this weeks market opera
lions, trading maintaining the swift pace
of the preceding six weeks on daily trans
actions ranging from 100000 to almost
1900, 900 shares. In the main these deal
fnss were attended by higher levels, some
promiuent stocks making new records.
q. S. Steel held undisputed sway, rising
to 120x. the smallest fraction under its
maximum, and recovery for the week OF
more than twelve points. Other indus
trials of the same class were strong and
equipments and motors were materially
higher with coppers and all base metals
The movement was strengthened by
higher prices for fabricated steel and
iron, an increased demand for copper and
the spectacular proceedings in other COM
modify markets. especially grains and
cotton.
Another interesting development was
the general strength Of minor rails, in
Guiding the shares Of companies stu un-
der receivership Many OF these lines are
showing earnings comparable with those
OF leading transportation systems. and
the outlook for these properties is bright
ef than at any time in the last decade.
There also was a steady inquiry for the
bonds of minor companies, notably con-
yertibie and refunding issues, while in
ternational issues were relatively heavy. a
fact attributed to the reported fiotation of
another large British loan in this coun-
try. limitations to this effect were sup
ported by a revival on a large scale of
heavy gold imports for British account
from Canada
Another important foreign undertake
ing was announced in a large French
commercial center, which may attain the
sum of 800 000, 600 1t is understood that
maturing South American credits are to
be extended and another Russian loan.
covering further proposed purchases of
supplies, is working toward completion.
On the surface there were no indica-
. tons that the coming election is excit-
ing more than passing interest.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-22
| Will Sell

1900 c. C. to CT. Falls Land so Mt As
1900 Austen Coal and Coke SO.
$1,000 Metropolitan H. r.. SO mt 1857.
$1,000 Wash. Rvvy. & Elec. 40 at 81.
20 Capital Traction at Sd.
40 Wash. Rwy. & Elec. com.
. Wash. Rwy. & Elec. pfd. mt S2A.
460 Warrington Utilities ibid wanted).
11S Washington Gas ibid wantedb.
2S Ge0rwetOwn Gas mt SO.
20 Mergenthaler.
Is Lanst0n.
2S Continental Trust ibid wanted).
10 Munsey Trust mt 82h.
50 Northwest Savings Bank mt 0.
Exchange Bank OF Washington at 10.
100 American Paper Can Mt 6A.
1000 Oklahoma Oil common Mt II.
1000 Miller Train control.
100 Warrington Base Rail- at 1SA.
10 Gayety Theater mt 100.
S Columbia Hotel Co. Mt LOO.
Is Ontario Apartment.
Kenesaw Apartment House Mt 20.
8 Connecticut Pie.
500 McGhan Sca60ldinE at s.
IS Warrington Investment.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-22
Big Gold Imports.

The director Of the mint declares that
within the last two years s7O0. 900 900 Of
gold. exclusive Of normal imports. have
come into the United States That this
represents the purchases made in this
country. very largely by the allies, and
that this demand for merchandise, in
competition with the home demand. has
been responsible for the higher cost of
living.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-22
BY I. A. FLEMING.

The past week has brought much en-
couragement to the holders of local
public utility stocks. not SO much by
reason of the gains made, as because
of the fact that the declining tendency
which has been prevalent practically
all summer has been effiectually stop
ped and the trend turned. with more
or less positiveness, in the other di-
rection.
Capital Traction shares, long a high
grade investment, recently sold down to
4 and they have recovered to S4h.
with such assurances from the presi-
dent of the corporation as to earnings
that higher figures may be expected.
a larger annual disbursement. but the
assurance of the present rate is in
itself regarded as satisfactory.
Washington Railway common stock
recently was at a low point at 18h.
the low for 1916. 1t is back to 50. and
The preferred shares. low for the year
at 801z. are back to 81H.
Washington Gas shares have mot
made much progress in recovering the
loss in values sustained by the unex-
pected cut in price Of the company's
product to rs cents per thousand cubic
feet. But the shares are in some ia
vor and have made slight recovery.
There is feeling among large hold
ers OF Washington Gas shares that
they now know the very worst; that
no matter what the public utilities
commission may decide in the matter
of physical valuation, the drastic and
unexpected cut by Congress will more
than offset questions at issue in val
uation: also that the result may. in
connection with recent court decisions.
confirming the corporations right to
value received in exchange for it's 3.540
shares Of Georgetown Gas shares, pave
the way for a unihcation of the two
systems, with great saving in man
agement. stronger board of directors
ard a satisfied public with 75-cent gas
throughout the entire District.
After a trial the question of the
Washington Gas Company's ability to
pay $3.50 a share dividends will be
determined.
Georgetown Gas Company.
Gradually the bid and asked price
preaching something like what are re-
garded as reasonable figures. Not SO
long ago none of the Georgetown Gas
Company shareholders would talk of
anything less than SIPS a share for
their stock. some deemed 1T worth even
more. When it became evident that
a merger was probably far. far away
the price was reduced to 80. at which
figure the only sale recorded during
1916 was made. Now the stock is Of
fered daily at IS and s. is bid.
In 1915 the Georgetown Gas Company
sold it's product at an average of 92.49
cents per thousand cubic feet. A re-
duction to IS cents will probably not
interfere with the ability to maintain
dividends on a 10 per cent basis, as
there is but $4,000 Of capital stock.
other obligations included, according
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-22
Money to Loan

Secured by First Deed Of Trust Real Estste.
Prevailing interest aud commission.
-pn /. Weller, uzI + 81. NV.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-22
New Record for Leather.

Central Leather also broke into new
ground. advancing points to SO, and
Utah Copper, on it's gain of 3 Is, dupli-
Gated it's record with substantial I'M
provement in other metals. The leather
issues were materially higher, also
Few of the equipments and semi-war
descriptions.
These advances were partly onset
by pressure against Investment rails,
irregularity in shipping shares ana
petroleums and moderate reversaIs IN
more obscure specialties. Low priced
rails were in further demand. espe-
ciaIly Wabash and Missouri Paclnc-
The bank statement was the most
encouraging presented in recent weeks.
actual loans decreasing by almost s4S'-
900, 600, with cash gain OF about szs'.
000. 900 and an increase in reserves OF
over $30000,000, bringing the excess
reserves up to about $10O,0D0.ooo.
Weekend market news was ai.o-
rether favorable, commercial ana IN
dustrial trade reports showing quick
enine of the recent swift pace Az
vices from steel centers indicate adoi-
tionaI price advances in the coming
week.
Bonds were reactionary. in consequence
of further offerings of international ls-
gues. Total sales (par value). S264o'ooo;
United States bonds were unchahseu
on call during the week
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-22
WEEKS RANGE OF PRICES.
Corrected to the Close of Business October Fl,
at the Office of The Evening Star.
Railway and Miscellaneous Shares.

following and closing pTc
" and
o
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-22

70 Capital Traction ut S3h
10 Wash. Rwy. e Elec. pfd. mt S1A.
Is Warrington Gas ut 70 ex.
10 Georgetown GAS at 65.
10 Franklin National Bank mt 132.
10 Munsey Trust Company.
100 Miller Train Control.
5 Gayety Theater.
8 Connecticut Pie.
Exclusive of commissions Subject to
previous acceptance or cancellation.
Bonds plus accrued interest. All execu-
lions for cash.
Deliveries for cash mt ysur own bank.
THOMAS !. HUME. Broker
90 { s..ecs. =. az
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1916-04-14
MANY BRITISH
WARSHIPS
IN n. SEA
~ AssocrArrD PREss.

New York, April 13.-The Danish
steamer Frederik VIII arrived today
without SGT sacks of mail with which
she started from Copenhagen, Chris
tiania and Christaiansand. The mail
was removed by the British author
tiles at Kirlwall for inspection.
Passengers said that at Kirkwall
they were told the British were an
ticipating a combined early naval at
tack along the British coast. For that
reason the ships departure was has
tened.
While in the North Sea passengers
said fleet Of ten British warships
was sighted about two miles distant
moving north.
Among the passengers was Charles
Riggs, a missionary attached to the
staff of the American Board Of For
eign Missions at Constantinople.
Mr.. Riggs left two weeks ago. He
said that reports of rioting among
the Turks were exaggerated and that
while food was scarce, there was no
extensive suffering.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1916-04-14
DRASTIC WILL
Be ACTION IN
SUSSEX CASE
Wilson and Lansing Discuss
Latest Note From
Germany.
CRISIS REACHED IN
SUBMARINE ISSUE
What Diplomats Have En-
deavored to Avoid is
About to Occur.
CRISIS REACHED IN
SUBMARINE ISSUE
BY ASSOCIATED PRESS.

Washington, April 13.-The United
States is disposed to consider that
Germany In the latest note virtually
admitted one OF her submarines tor
pedoed the Sussex. President Wilson
and Secretary Lansing, after an ex-
animation of the official text, are un-
derstood 10 have reached this conclu-
sion.
Unless Germany should umequfvo-
cally admit the action and punish the
commander, drastic action on the part
of the United States doubtless win
follow.
The afidav1ts from Paris and LON
don sent today on the liner st. Paul
will be considered with the German
note and the Information" in regard
to attacks on merchant vessels since
the Lusitania Is expected to be COM
pleted in time for the Berlin. note
next week.
The use Of the word ultimatum In
connection with the document to be
forwarded to Berlin is discouraged by
officials, stiIl IL was said tbs effect Of
the eumnaaication would Be TO CAD
for prompt action. In view of the
conclusive nature of the information
on the Sussex already Def, e depart
ment officials cannot see how Ger
many can continue to deny response
bility.
The suggestion Of arbitration in the
German note was met with the state
ment that the American government
would not arbitrate a question in
volving American lives.
Careful examination of the German
note led officials to conclude that the
case of the United States had been
materially strengthened. The simi-
liarity between the circumstances
surrounding the attack on a steamer
in the English channel admitted in
the German note and those including
the Sussex case caused officials to feel
no longer any doubt the vessel was
the Sussex.
Senators and representatives who
called at the white house went away
with the impression that action was
Imminent, but that another communi-
cation would be sent to Berlin before
more drastic steps were taken.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1916-04-14
CreU Muti71ied
Then Held Ship
Up forMo
BIZ ASSOCIATED PRESS.

Newport News, Va, April 49,
With pilot on board and ready to pro-
coed to sen, bound to New Orleans, to
load cargo, the American steamer
Gold Shell, on which twenty-three
members IF the crew mutinied few
days ago, was served with a libel pro-
cess issued by the United States dis
trict court at Norfolk today. The
libel was asked by the twenty-three
members Of the crew who were sent
on to the grand jury by United States
Commissioner Garrett, after hearing
evidence in the mutiny case here yes
terday. The alleged mutiny grew out
of their refusal to work because Cap
tain Rouse would not pay them of
here. In sending them IN to United
States court, Commissioner Garrett
did not settle the pay question. The
men now are seeking their pay
through libel proceedings.
Captain Rouse went 20 Norfolk to-
day to arrange bond in order that his
ship might not be further delayed.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1916-04-14
ABBOTT CASE
IN SUPREME
COURT
By ASSOCIATED PRESS.

Washington, April 13.-The su-
preme court took under advisement
today the appeal Of James J. Abbott,
a railway mail clerk charged with en-
bezzlement in Florida, hearing oral
arguments of Charles B. ParkhiIl for
Abbott and Assistant Attorney Cen
eral William Wallace, Jr., for the gov
eminent.
Abbott was convicted in March,
1912, and sentenced to eighteen
months imprisonment. The Judge
granted new trial after the time
allowed f5r appealing. the govern
ment claims. After a 7nistrial Abbott
was acquitted at a third trial in
March, 1914. A year later he was
indicted on a charge of suborning
false affidavits to procure a new trial
The court sustained his contention
that the judge had no power to grant
a new trial and discharged Abbott.
The government then arrested Abbott
on the ground that the conviction in
the first trial stood. Abbott sought
unsuccessfully to obtain his release
on habeas corpus proceedings, and
finally appealed to the supreme court
in the habeas corpus suit.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1916-04-14
WAR STOPS TO
FILL GAPS
IN RANKS
BIZ ASSOCIATED PRESS.

Paris, April 13.-Another lull has
fallen on the Verdun battlefield, as
the Germans have been obliged to
pause in order to fill up the gaps in
their ranks, to replace damaged guns
and to bring up munitions prepare
tory to further onslaughts.
It is believed that tlns French COM
mand is not likely to modify its
methods. General Petain is said to
be quite satisfied as long as the Ger
mans 90 on losing three times as
many men as the French for uni1n-
portant results, as he knows that he
has ample reserves to press counter
attack on a large scale when the OPP
perfume time comes, and stacks OF
ammunition which are practically in
exhaustible.
Since the first month Of the war the
output of three-inch shells in France
increased 80 IL times, of larger shells
A times. Twenty three times as many
75-millimetre guns are being made
as in August, 1914, and the manueac-
ture Of heavy guns has increased II
the same ratio.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1916-04-14
President In a
Significant Talk
A SKIS A americans
Are They Ready
BY ASSOCIATED PRrss.

Washington, April 49,
President Wilson, speaking
at the Jefferson Day banquet
of Democrats tonight, pray
ed that the United States
would not be drawn into a
quarrel not of its own chos-
ing.
He asked if the people
were ready to go in where
the interests of America
were coincident with the in
terests of humanity and
have the courage to with
draw when the interests Of
humanity have been con-
served. He was interrupted
with cheers and shouts Of
Eyes"
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1916-04-14
Gulf Highway
Badly Needed
BY Pensacola
Desirable Itself and VIII
Lead to Other Desirable
Things.

F. F. Bingham Is another prominent
PensacoIian who is a strong believer
in the Gulf Beach Highway. His
views are given in the following state
ment:
"The proposed Road to the Sea- Is
one of those things that Is not only
desirable in itself, but is a thing that
win lead directly to other desirable
things.
zone of these would be the year
round pleasure resort hotel on Big
Lagoon. Another would be with the
road work that the people of lower
Baldwin county are proposing 10 do)
the securing for Pensacola Of new
and important trade territory n
Baldwin county. Another would be
the tapping and developing Of large
section of good land around the head
of Bayou Grande, IN our own county,
that is particularly suitable for very
early truck growing by reason Of the
protection against frosts afforded by
Perdido Bay laying northwest of It.
Let's have itP'