davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24

critics. It should be so. for the ac-
oretions are in some degree fictitious
in all cases and quite preposterous
in some instances. Thus. a great
deal of readjustment is bound to
take place when the transition time
arrives. That fact rJw is allowed
for in prices. Securities are not on
a peace basis. Neither are they on
4 war basis. They arc between peace
and war. The Stock Exchange has
successfully absorbed the first shock
Of transition. That is what a Stock
Exchange is for.
Il must continue 10 he remarked
that, Notwithstanding the vogue OF
pcssimist theories concerning rail-
road credit. the shares Of American
railways have apparently never
stood higher in the confidence Of
bankers and investors than in the
last few weeks. The test Of conf
dence comes in periods of distrust.
Railroad issues have been notably
strong throughout tho decline. To
explain this by saying that railroad
capital has not been increased this
year, whereas industrial capital has
been enormously expended, is to for
get or disregard the fact that rail
road capital has in effect been very
heavily increased by the repurchase
from foreign holders Of perhaps ST.
00,000,000 Of American railway SC
curities in the last eighteen months.
The buying Of these foreign owned
securities was managed very largely
by investors, unassisted by Stock
Exchange spectators. A slump in
business after the war would hurt
the railroads by reducing inc r.
of their tonnage, but fsI DO
would not affect them as Sc s.oa.0 IN
dustrial corporations. This is 2
very important consideration. The
railroad is in the position Of one
whose merchandise must be sold at
fixed price. AS the costs of produc-
ing that merchandise rise the mar
gin Of profit diminishes. For while
the gross profit realized may IN
crease. as the sales increase, but
then comes a point at which the ca
pacity is fully employed. Sales can
not be increased, but the margin Of
profit will 20 on diminishing if the
costs Of producing the merchandise
continues to rise. These are the
terms of what is specifically an I'M
favorable argument on railroad
stocks The carriers cannot haul
any more goods. because they are up
to the limit of capacity, but their
costs are rising. They have to pay
more for fuel, for cars, for supplies
and for labor. Thus, their profits
are bound to fall. But at one fur
Their step the other side appears. If
at the end Of the war there takes
place that liquidation in prices which
many people predict, then everything
Q railroad buys for the purpose of
producing transportation will fall,
with the possible exception Of labor,
and as costs fall profits will increase,
because rates will remain the same.
So the liquidation in prices which
would reduce the profits of industrial
corporations would actually widen
the margin of profit for the complex
merchandise which we call trans
portation. Therefore, it is rational
performance when taking profits in
war stocks 10 reinvest the IL in rail
road securities. as, in fact, a great
many people have been doing.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24

serves over legal requirements de-
creased s4,3s3 .O6O 70 sgO.O64 go.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24

Iotal llaDlnIlcs ......... 9(oO,ooO,uUO
Cold reserve against net deposit and
note liabilities, es.s per cent.
Cash reserve against net deposit and
note liabilities, 70.7 per cent.
Cash reserve against net deposit liza
bilities after setting aside 40 per cent
gold reserve against aggregate net liza
bilities on Federal Reserve notes in cir
culstion, 71.3 per cent.
In the above statement the principal
Items compare with year ago as fol-
lows:
Total gold reserve. ........s 102, 636 600
Bills discounted ........... 102, sos, 900
Member bank deposits. $50, "a, 900
Net liability for notes. secs. 100000
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24
Daily Imports and Exports

Daily imports and exports OF general
merchandise at the Port OF New York
we're:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24
People S Trade Ways

According to a. recent article in the
"Frankfurtcr Zoituns" and an inter
view with prominent librarian a.
Frankfort. plans are being considered
for the establishment Of general tech
meal library at Frankfort on Main, to
be open for public use. One OF the
leading city Libraries has become IN
.crested in the project, and begin
ming already has been made. IL is
said that the plan is unique among the
cities % the German Empire. \ il
brary Of this kind. it is expected, will
be OF service TO all the numerous
branches OF industry and trade in and
about Frankfort. the most important
industrial centre in South and West
Germany. In this manner a broader
spirit OF scientific and technical inyes-
tication will be fostcred. An attempt
will be made to furnish technical in
formation which will have historical
=. well rs purely scientific value
Report from II. +. Carlson, United
States Vice-Consul.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24
STEEL OUTPUT
IN FRANCE HAS
BEEN DOUBLED
This in Spite of Min
eral Wealth Taken
by the Enemy

The foHowing is from d report on
the tcur status Of iron and steel
conditions in France made By Joseph
e. Butler, jr., roho lCos member Of
the American Industrial Commission
TO France, recently returned from
its trip Of Investigation. II first up.
reared IN "TNe Iron Age:
In spite Of the fact that at the be
ginning Of trench warfare France hao
lost behind the German line so pei
cent Of her normal pig iron produc'
ton and 10 per cent Of her steel pro
duction, it has been possible by the
utilization Of the lower grade ore IN
other districts OF France, and when
were not exploited to any extent previ-
ously. 70 increase the steel production
Of the country 100 per cent over that
Of last year. The interesting fact re-
garding this Is that OF the production
which has been cut of the larger part
in pig iron is Of so-called Thomas IRON
mon Bessener). and in the case OF
steel mostly Martin" or acid open
hearth. Neither OF these products
enters 10 any considerable extent into
the manufacture Of projectiles.
The plants in the centre and soutn-
ern part of France were already pro-
ducing the special qualities OF steel
required for artillery use; hence the
amount of special quality steel brought
in from foreign countries, in both the
raw and semi-manufactured state, was
an immediate necessity for the coun'
try at the outbreak of hostilities. 1t
is also noticeable, and based on in-
formation obtained from leading steel
manufacturers, that many idle and in
some cases abandoned plants have
been rehabiitated and utilized as far
as possible. As a matter OF fact, ] am
told that there is not single idle
plant of any kind formerly engaged
in the manufacture or fabrication OF
steel that Is not now in full operation
either in its original form or By being
transformed into a munitions plant.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24
New York Federal Reserve

NetO York, December 90.
The condition OF the Federal Reserve
Bank Of New York at the close of bus'-
ness Friday. compared with the previ-
Gus week, follows:
RESOURCES
Dee %. Dec. I ..
Gold reserve .st71 ,827.712 $751; 1850
Legal tender
money .... 2,s5o,878 4,7e2,073
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24
Dollar Exchange in Western Greece.


A. B. Cook, United States Consul at
Patras. Greece, saws the use Of dollar
exchange in Western Greece Is grow
ing increasingly popular. One OF the
banks OF the Patras district, which esti-
mates that it handles 80 to 20 per cent
Of the banking business done with tho
American market, states that 90 per
cent OF its foreign business this year
has been transacted In dollars. This Is
significant when il is known that ex-
ports 20 the United States from the
Patra. district for the first ten months
Of 1916 have amounted In value 20
81. 300 900. and imports from America
to perhaps 100000 or 100000, and
that up 10 little over year ago
practically all PstrasAmericsn trade
was done in pounds sterling or francs
via London or Paris. Direct banking
with America in dollars has therefore
made very satisfactory progress so far
as the trade Of this district is con-
cerned. OF Incidental interest In con-
nection with exchange Is the stability
Of the Greek drachma. In spite Of the
many troubles that have beset the
country during the last two years, dis
turbing both its foreign and its domes-
tic conditions, the drachma has not de
preciated on exchange.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24
Ore from Algeria

Incidentally might mention that
when we were in Marseiles my stten-
ton was called by the Chamber Of
Commerce to the fact that France
would be in condition to export large
quantities OF iron ore from Algeria to
the United States, and If this project
could be worked out and return car
goes OF American coal brought to
France il would be very desirable,
meeting the shortage OF coal. which is
inevitable. The analysis of this Alge-
rian ore shows the quality to be such
as would produce high grade steel ma
terials. A detailed analysis will be
furnished to any one who may be in
terested
II is interesting to note that in the
departments of Calvados, Manche and
Orne there are rich deposits of iron
ore, yielding In some cases 45 TO so per
cent metallic iron. These deposits be-
fore the war were leased by the Thys-
sen group of German steel manufactur-
ers, but are now in the hands Of the
French sequestrators. understand
that quantities Of this ore also were
in great demand and frequently shipped
to the iron works Of South Wales
examined the steel plant making
steel by the electrical process. but the
examination was very brief. I have
assurance. however, that the manufact-
urc Of steel by electricity in France
has been very successful not only me-
chanically but financially and is sure
TO grow. There seems to b.. a large
area in the eastern part OF France
where water power is available. and !
think that many new plants and much
activity will prevail in this particular
region when affairs again become set
tied The use Of water power will over
come 70 large extent the shortage of
coal
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24

The British Embassy at Rome re-
,orts that as a first step toward the
execution Of the programme to develop
commercial relations between Italy
and Russia the Italian Ministries OF
Commerce and Foreign Affairs are as
sistinc in the organization OF com
mcrcial mission composed Of limited
number OF experts In the branches OF
,,ede chiefly concerned. This mission
;s 70 visit the most important centres
~ the Russian Empire and TO place
,,sclf I'm direct contact with CONNER
.,ot circle. there in order 70 study and
80. practical measures FOR fur
Their development OF the system Of eH-
changes between the two eoun'H"
after the war
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24
to4,s4f,365 es,s75.t15

Bank Exchanges.-Ths day. clear
inrs al New York and other cities:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24

sub-Trcasury. - New York banks
gained from the Sub-Treasury sl3,-
$4,000
Silvcr-Bars in London, 36i1-l6
pence; New York, 75a cents; Mexican
dollars. 5s% cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24

Speculation In Exchange. Srnivas
r. Wagel in his bankers circular says:
"From now on we are likely TO have
an orgy in the exchange market SINH
lar 70 the one we have had in the stock
market during the course Of the war.
Even before the preliminaries for
peace stock values have begun 70
tumble down; now exchange rates are
receiving more attention than they
should. The reasoning is that the close
Of the war will Immediately bring
about normal trade relations among
all countries Of the world. The Presi-
dents note has already led 20 strength
enlng Of The Russian Exchange. 1t Is
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24
Corporation Returns

Southern Pseihs
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-24

Clearing House Statcment.-The act
nal condition Of the New York Clearing
House banks on Saturday was as fol-
The Nome daily nugget., 1916-10-25
OvERsTOCKED

io the paDIiS.
 We nave Just finished stock taking, and find tnas ~e are heavily overstocked so are making enormous reductions in Hardware-as muen US o1 per cent in certain lines. Notwithstanding immense advances outside, especially In Hard- ware and Metal Goods. we are still sell ing on the basis of goods purchased the pas two or three years.
 We Will sell Tor cash only al these prices, and for a limite time. until we bring our stock down to the require ments of the camp.
 1T you nave an order to be filled, let us figure on il: we can save you money. We have proved il 10 others. We can prove IL to you.
 DARLING AND DEAN COMPANY.
The Nome daily nugget., 1916-10-25
DON'T GO ON THE
 UMITiLLA OR VICTORIA

Until you have left you rorder for a dozen or more copies of the Pictorial edition of the Nugget Mining and Dredging Journal to distribute among your friends on the outside. Full de- tails concerning the mining operations of the district and the need for good road. harbor at the mouth of Snake river and an improved mail service
 Fifty cents the copy. five dollars per
The Nome daily nugget., 1916-10-25

Devoted to the exploitation of the mining industry and securing adequate roads and trails throughout Seward peninsula. The Pictorial edition of the Nugget Mining and Dregding Journal (now in course of preparation.) Send one to the representative of your home state. Fifty cents per copy, five dol lars per dozen. Mailed to any address for five cents additional
The Nome daily nugget., 1916-10-25

Alcohol" says an exchange, will That Is true, but it also removes the summer clothes. also the spring the autumn and the winter clothes, not only from the one who drinks it, but from the wife and family as well. It removes tho household furniture, the eatables from the pantry, the
The Nome daily nugget., 1916-10-25

Raymond Poincare, President of France, sends the following statement through his secretary in reply to a request made by the National Anti Alcohol League;
 You ask the President of the Re . public to follow the example of other heads of states and take an engage ment to abstain from all spirituous liquors during the war. That is an engagement the President takes will afterwards. He never drinks alcoholic liquors.''
The Nome daily nugget., 1916-10-25

smiles from the face of his wife, the laugh from the innocent lips of his children and the happiness out of his home. As remover of things alco- hol has no equal.
 Advertisement
The Nome daily nugget., 1916-10-25
WE IAN DO IT.
Advertisement

Fer nrst class work and prompt delig- cry phone Main l5l and the Peoples Laundry viii send and get your laundry.
 t j. wII.LIAMSON Prop
The Nome daily nugget., 1916-10-25
JUST ARRIVED AT HoLT,s.

JUST ARRIVED AT HOLT'S. New rugs ~ ....,.. .$2.50 to $500 New LinoIeums, yard .... soc to $1.50 New mattresses -. $4.00 to $20.00 New winter caps -. =. =. ...$1.25 New tents and tarpolins $1.50 to $15.00 New rubber boots, best .$4 to S6.75 Quilts and Blankets ..... $2 to $8 New sleds for boys and girls $1 10 $5 New crookery and glassware. New hardware and notions.
 New Granite ware, largest stock. Still sell gents furnishing and rub Der goods at cost.
 Furniture full line.
 Everything the cheapest and best at
 HOLT'S.
The Nome daily nugget., 1916-10-25

dozen. Copies mailed to any address for Sc additional Send in your sub scription now.
The Nome daily nugget., 1916-10-25

More than eighty per cent of the area of the United States is no-license territory.and more than sixty millions, or sixty-five per cent of the population live under prohibitory laws.
The Nome daily nugget., 1916-10-25
NOTICE.

As tho Nome Brewery is going to close indefineteIy, the Northern and Head : quarters Saloons wish to notify their customers that from October 1st 1916 only Rainier Draft Beer will be sold in their places at 12Ja cents per glass
The Nome daily nugget., 1916-10-25

Il am total abstainer from alec holic liquors. I always felt that had Q better use for my head" Edison.
The Nome daily nugget., 1916-10-25

Every man who votes for license becomes partner to the liquor traffic and all it's ."-William Mckinley.
The Nome daily nugget., 1916-10-25

Have the Daily Nugget do your Job Prnting-Reas easonable rates as- sured.
The Nome daily nugget., 1916-10-25

"A community has the same right to prohibit saloons as it has to prohibit cesspools. s."-President of Stanford Un- iversity.
The Nome daily nugget., 1916-10-25

Note tho Republican Ticket Straight. Adv.
The Nome daily nugget., 1916-10-25

And what does man get for his liquor money, anyhow? He gets a weak stomach, a bad breath, mean disposition, the disrespect of the com munity. He gets inefficient. He gets fired. He gets drunk. The chances are exceedingly good that he gets into his grave years before his time.
The Nome daily nugget., 1916-10-25
NO DRINKERS WANTED.

The Winton Motor Car Company, of Cleveland, O., have had stringent laws concerning the use of alcohol sir ce the opening of the plant.
 Alexander Winton, president of the company, and founder of the plant, summed up the present attitude of the sssiness world toward the moderate ingly and without difficulty. not onl. for the duration of the war, but ever drinker by saying:
 We do not allow any man to enter ou1 plant with liquor on his breath or la drink at any time, If we know it.
 No well regulated plant can afford to employ men who drink. Men who use liquor cannot be at their best and certainly cannot do efficient work if .noy are even slightly under alcoholic influence.
 T believe the use of liquor by em- ployes will curtail the output of any plant, but we have never employed drinking men and so we have no means of e comparing our product un- der any other than the present con- dit ons."
 The Winton plant employs about '.20o men in ciesc and and almost an equal number in other cities.
The Nome daily nugget., 1916-10-25

Subscribe Now for the Nugget
The Lamar register., 1916-08-09
LAWS LADDER HARD TO CLIMB
Attorneys Don't Earn Much When
They First Start Out on
Their Careers.

How much money would be likely
to earn II went into law office next
year," asked Vassar senior OF the
woman lawyer who was lecturing at
the college upon the opportunities for
women in the law. the Florida Ne
tropolis states.
When you start out you'll probably
get nothing" answered the lecturer.
In fact. you'll consider yourself lucky
to get into a law office at all. for law
yers are not, as a rule, ready to &C
cept woman clerks. You may. after a
few months OF hard work, receive a
raise from nothing to IS per week, and
within the year you may possibly be
raised to $40 or s15."
Men, 1t seems. are paid Just about
the same salaries in law Offices.
There are, perhaps. fortunes in the
law for both men and women. But they
are not for the many OF the young law
yers graduated every year. They are
for the few, and they mean painful
perseverance over long periods of time
before they are attainable Any young
person who is looking for quick re-
turns upon his educational investment
had better plan some other career than
that Of Jurisprudence. Madame Justice
rewards her administrators sparingly.
and puts them through a long and
sometimes cruel apprenticeship.
The Lamar register., 1916-08-09

10 gone
believe me, l have been most unror-
Luuate IL my manner has conveyed
such au Impression she said slowly.
Jack with a swift glance into his
.oomy face. for how long have we
been frieuds?"
For more years than | care to re-
member" he responded promptly.
Quietly she watched him. but there
was nervous tremble to her lips near
er to tears than laughter.
Il have been fool" he exclaimed
abruptly.
She let the accusation pass in ST.
lence.
And coward"
You are beginning to see how IN
reasonable you are?" she asked as she
raised her fan to hide a smile.
mo. On that point my opinion is
unchanged. | was thinking of the lone
liness Of my life. The friendship on
my side has always been make believe,
for l love you. Margaret l think l
have always loved you 1t is a com
monplace way of putting it, but then |
am a commonplace man. | would have
told you long ago. but | was afraid
that my doing so would end every
thing"
Il think you should also add cruel
and selfish The words would be ap-
plicable." she replied with hardly con
cealed bitterness.
The years had risen in a flash before
her; years in which she had trained
herself in the difficult art OF friendship
when her heart was crying against
such Discrimination.
Something in her voice again at
tracted his attention, but her face was
still in the shadow.
II am in an unlucky humor this af.
ternoon else | would not have jeopar-
died my greatest pleasure. VIII you
forget it and let me come as hereto
fore7"
Forget it? MOI" She replied with
deliberation. Il see no reason for
changing the habit of years because q
mood forced a confession from you.
well understand it was not volun
tary."
You anger me. 1t is you who will
not understand. There is no little mis-
apprehension in my mind that | ask
you to give me an explicit answer at
once"
ITO WHAT"
The Lamar register., 1916-08-09
STARTED ON ANOTHER TRIP
Antics of Explorer Made Him Persona
Non Grata With His Landady
and He Had TO Move.

On his return from long stay
abroad a well-known newspaper war
correspondent took lodgings in u
quiet London suburb and engaged at
target practice with an airgun." airing
from the balcony Of his sitting room
at wafer stuck on the wall over the
dressing table in his bedroom.
The neighborhood, however. was too
prim and genteel place Of sojourn to
tolerate this irrepressible practical
Joker for any considerable length OF
time, and he soon had to leave it by
reason Of his feats with the airgun.
One day he told the story OF his
somewhat abrupt departure.
That mischievous secretary OF
mine" he says. pretended that
could not knock the hat on a cabman
DOING on rank in the square op-
posite to the house. | did, worse luck
One OF his mates saw me. and the long
and short of it was that had to com
pensate cabby, and the landlady called
on me and, when she had seated her
self on a chair. began:
81 believe you are an explorer. Mr..
-?
Il bowed. and murmured that some
fiattering persons did me the honor OF
putting me down as something OF that
sort.
In that case, sir. she exclaimed
I would advise you to start on an ex-
ploration for fresh apartments at oncel
This is not a private madhouse.'
The Lamar register., 1916-08-09

An examination of American cities 8
century ago presents many curiosities
In 1900. not New York, but Philadel-
phia. was our largest city-a pre-em-
inence 1t held until 1890. After Phil
adelphia, New York. Baltimore and
Boston, Charleston. s. c., was the
largest American city. But defy any
one to give the name OF the sixth
largest American town in 1900. 1t was
Northern Liberties How many Amer
leans today ever heard of this metropo-
lis? An antiquarian research dis
closes that it is now part of Phlladel-
phia. After Northern Liberties. our
biggest city was Southwark. Pa then
came Salem. Mass. Such we're the
places a hundred years ago, which en-
tered in the competition for primacy.
Worlds Work.
The Lamar register., 1916-08-09

Wilma aud mo her were at home
alone one evening when Wilma 8
BROTHER informed Them by telephone
mat he had just married 1t sur
prised his mother SO that she started
tc cry. and so did little Wilma In
The meantime one OF his old sweet
hearts called up auu asked to speak
to him. and Wilma at the telephone
sobbed her answer. You cant talk
to my brother no more. He just
rhoned mamma he got him wife to
night"