davidaulloa/AmericanStories huggingface dataset:
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1916-10-02
MODEL HUSBAND
HELD At CHICAGO,

CHICAGO, Oct. Frank Warde.
known to his friends as the model
husband" was brought to Chicago to
day from Marshalltown. Ia, on q war.
rant charging embezzlement Of $4,000
from the Chicago office OF the Scoville
Manufacturing Company. Of Water
bury, Conn. Of which he was until re-
Gently cashier Warde is said to have
given up his keys and to have disap-
peared when auditors began examin-
ing his books.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1916-10-02
DISPLAYS OLD RELICS

indianapolis papers are giving
special attention to the pierced tin Ian
tern and the four.tined pitch fork own.
ed by William Cooper, Fountain City.
which are being exhibited at the Cen.
tennial art show which opened In John
Heron Art institute, Indianapolis, yes.
terday afternoon. The articles are
over 100 years old and were brought
to this state by Mr.. Cooper's grand.
father.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1916-10-02

Six hundred thousand automobiles
were built in the United States in the
year ending June 80. 1915, as com.
pared with 445,0O0 on the preceding
year. The output for the year end.
Ing June 80. 1916, is estimated at
100000.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1916-10-02
and Mr.. and Mrs. Abe Rinhart Of .
Yankeetown. were entertained SuD6
at the home Of Mr.. and Mrs. F.
Limerick.

ways stands at the right hand OF tn
groom; with every other nation Of the
world her place in the ceremony -
at the left.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-13
TAXES IN ITALY
MUST BE RAISED
More Rigorous COllec-
tons Will Cut Deficit
Greatly
By YVES GINOT
iBy cable 20 The Tribune.

Paris. Dec. 12.-In Italy, whence
| have just returned, the treasury
is receiving an average Of 100000
600 Ira a month and England is
supplying 2OO,OOO,OOO. Expenses,
however, reach a billion a month,
and therefore plans are being made
for new taxation. In Italy the tax
collectors always have been easy on
people, and large part of the in
crease in revenue will be realized
by the simple means of being more
rigorous in collections.
France also must have new taxes.
War loans alone have put new
charges of 2,446,000,00O francs
yearly on the country, while before
the war debt charges were only
,30O,00O,0O0, making total of
nearly 3,8OO,OOO,OOO francs. Fur
thermore, it is probable that before
the end of the war debt charges will
be still more increased
Italy, England and Russia already
have adopted new taxation, and
France will have to follov their eX-
ample sooner or later, and it is bet
ter to begin at once.
The German success in Rumania
has been followed by a further fall
in German exchange. The eXplana-
tion of this apparently strange phe-
nomenon is very simple Before the
war Swiss bankers borrowed from
France at 4 per cent and lent to
Germany at ). Since the war they
have not been able to collect inter-
est. and also Switzerland has been
obliged to pay in francs fer pur-
chases in Germany. Thus they have
suffered constant loss on invest
ments in Germany; and if the Ger
man success in Rumania prolongs
the war, Swiss losses will be in
creased so much more. Hence, Ger
man exchange falls when there is a
German military success.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-13
TEMPORARY LOAN TO
ARGENTINA ARRANGED
Morgan Syndicate Will Under
write S16,8O0,O0O

Terms Of a temporary loan to the
Argentine Republic were announced
yesterday by J. p. Morgan & Co.
1t will take the form OF S16,80O,000
six months notes, dated December Is,
Of which there will be no public offer
ing. Il is expected that the notes will
be sold in the open discount market
on approximately > per cent basis.
The bankers in the Morgan syndicate
include the National City Company;
Kuhn. Loeb & Co.; Harris. Forbes &
Co.; Lee, Higginson & Co., and the
Guaranty Trust.
Representatives Of this group ey-
pressed the belief that shortly after
the new year a permanent plan for
financing Argentine obligations in
CURED here since the outbreak Of the
European war would be agreed upon.
A loan Of this character is said to
await legislation now pending in that
country.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-13
FOOD SHORTAGE
SOBERS LONDON
Economic Conditions Re
fleet on German Peace
Proposals
BY FRANCIS ". HIRST
lbs Gable 70 The Tflhunel

London, Dec. 12.-All home and
foreign news pales into insgnlfi-
canoe before the German Chancel-
lor's announcement of peace pro-
posals TO the Allies. | will not at
tempt to predict the response. But
the approach Of famine conditions
everywhere has produced an atmos-
there of sobriety.
The stock markets closed before
the news arrived. The sensation, to
Judge from private conversations,
was prodigious. Much. of course,
depends on the political feeling Of
Russia. France and Italy.
The new Ministry is suffering from
the delay Of the meeting OF the House
of Commons. BY confirming the
Asquith Liberal leadership the party
meeting has withdrawn the support
of the caucus machinery and Of the
party fund from Lloyd George. He
therefore rests on Conservative sup
port and must follow Conservative
guidance to a large extent.
hear that Irish linen manufact-
urers are hoping for trade improve
ment because they expect raw cotton
to rise still further and the nearer
cotton approaches fax the greater
the demand for linen. The best Rus
sian flax, however, is very dear,
costing now about $50 ton.
Attention was drawn to-day to
the improvement in Swedish mu-
nicipal bonds, which is a welcome in
dication Of better relations and may
rrean that a definite commercial ar
rangement with the Swedish COM
missioners may be anticipated.
The food difficulties of Germany
are enhanced by the potato crop
failure and our own by reduced esti-
mates of the Australian wheat har-
vest.
Davenport, as food dictator, prob
ably Will attempt serious measures,
including perhaps the curtailment of
the brewing and confectionery
trades, which steps would be highly
unpopular | hear that an official
proposal may soon be made to adopt
the Australian system of minimum
or protected prices with minimum
wages for agriculture, thus uniting
landlords with the labor interests.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-13
NATIONAL CITY
CHANGES SYSTEM
OF MANAGEMENT
Affairs Will Be Admins
tered Like Those OF
European Banks

The National City Bank has adopted
a system Of management similar 20
that under which important European
financial institutions are conducted. ln
making this announcement yesterday
Frank A. vanderlip. president, stated
that in directing the banks affairs ne
is 10 have the assistance Of board
Of five managers, men who heretofore
have been vice -presidents but who VIII
no longer be known under that TUE
They arc William A. Simonson' James
A Stillman. Samuel McRoberts, Charles
Y Rich and James A. Perkins.
Explaining the operation Of the ne"
system Mr.. Vanderlip said that u is
the capitalization OF an experiment n9
hos been working on for over year
He empbasized the statement that
tbore will be no change in the actual
management, Of the National City BANK
Government by group Of managers ne
characterized rather as Development
in the growth OF the organization.
4Tbo general managership," added
Mr. Vanderbilt. will be a rotating Oh
foe Mr.. Simonson has been chosen 20
hold that position first. He will be fol
lowed in turn by each Of the o'aef
managers. One Of the functions OF the
general manager will be to act as inc
head Of the bank in my ABSENCE d.
sisted by his associates ,..o,,o
"Ny lob as president mas pecoln'
TOO big for one man 10 handIe' ~
ouires the active cooperation OF "le
such as I have gathered around III
The adoption Of the European me ..uoo
of bank management does nov nc,
that | am gradually to retire rom ~
duties as president; 1t means Just tnC
onposite. I will become more acI''el'
identified than ever with the mahabe
ment of the National City Bank.
Bonus for Employees
Mr. Vandcrlip also announced tha'
.bo dir ,ctors of the National CITY BANK
had voted a special bonus of 20 per
cont % all employees who have been
ara raid a salary under $4,000 10 meet
the high cost of living. The distriDu-
ton will be made 10 per cent on De
cember Is. per cent April and
per cent July l. .uhr
In the investigation OF the hlghei
living costs Mr.. Vanderlip said it had
beer .ound that foodstuffs had ad-
vanced Al per cent in the last las. 5'.1
years. Rents and clothing. IL Wa9 ~
closed had increased in much lower
The National City Bank has lao
employees. of which 1921 are IN 5ne
lead Office at 50 Wall street ana oUg
in the branches. More than 900 WIN
be affected 10y the bonus plan. In
cluded among these are the employees
Of the International Banking Corpora
ton. a subsidiary institution; ~
The bank now has branches IN al
arts of tho world. including Italy,
Spain. India. China. Manila. Panama
and Japan.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-13
New York

State Bankers Meet Eugene Lamp
Richards. State superintendent OF
Ranks. at the annual meeting OF ErouP
S;v NJ the New York State Bankers
Association. at the Hotel Martinique
Yesterday. urged the bankers present
70 cooperate and combine TO meet any
condition which may confront TINS
country at the close of the European
war. He said:
This day we are beginning TO see coming
toward US like a dark cloud the CONDITION
,,bich is likely 10 confront US through me
resdiustuent OF things in Europe. No
class of men have such an opportunity ior
saryice a. YOU bankers Of New York. II
things should keep on as they are now.
tbis state is going 20 be the banker OF the
vorld. In any change that may occur, M
any readjustment that may take place, your
influence will be very great
A resolution introduced By Benjamin
Smvthe, president Of the Gramatar
National Bank. Of Bronxville. y. Y, and
also president of the association, was
that Group Six approves Of Legislation
that will reduce the amount OF reserve
required TO be carried BY country
banks in Federal Reserve banks, this 20
be the only reserve required.
The following were elected ohcers
of the group for the ensuing year;
Chairman, T. De Witt Mckinstry, OF
Newburgh. y. Y; secretary and treas
urer, f. f. Bridges. o; Liberty. \. Y,
chairman of executive committee, ii. h.
Colwell, OF New Rochelle.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-13

news. Other English
financial writer's said this had hap
jened while that ones responsible
EDITOR was away. The next week
The Statist" indirectly repudiated
It's own wisdom. But now here Is
The London Economist" discussing
he same subject. not afirmatively,
put nevertheless in an open-minded
manner:
As 10 what will happen after the
war. there is little fear that Europe
Will demonetize gold, and so take
away value from a commodity which
most European nations have been
officially boarding. IL would be the
very worst time 10 choose for carry
ing out an economic revolution Of
this kind. the effects Of which would
be almosl as farreaching as those
Of the war. When peace comes all
the world will be faced with R period
Of grave financial and industrial un-
certainty, and 20 pass through 1T
successfully will be a task that Will
need all the craftsmanship that civil
lization can muster. To increase
this uncertainty by tampering with
the medium Of international pay
ment would be an extraordinarily
futile means Of making confusion
worse COMPOUNDED. II may be an alb
surd anomaly that economic civiliza-
ton should depend for means Of
payment on the supply of particu-
lar metal: and it may be that before
this century is over this anomaly
will lie on the dustbin Of history.
But there are FOO many more urgent
claimants for positions on the dust
bin 70 allow gold to get there for
very long time. The anomaly has
worked for many centuries, and 1t
will take much ingenuity to find a
practical substitute and secure fox
it the popularity and confidence that
gold now enjoys. As 70 the minor
question Of the demands Of Europe
when peace comes for some Of the
gold that II has shipped TO America,
that will depend on the course OF
exchange and the power of Europe
to ask for the return of its gold.
And THAI IS ylr. Kipling sayI, is
another seUFf
"The Economists reason for be-
ieving that there is no possibility of
gold being demonetized at the end
Of the war or directly afterward IS
not that the thing would be intrln-
sically preposterous, but that the
time would be unpropitious. To at
TEMPT it would create confusion
which had better be postponed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-13
The Dollar in Foreign Exchange

In the foreign exchange market yes
terday the chief effect f the German
peace proposals was to bring about
sharp recovery in Teutonic exchanges.
Rates on both Berlin and Vienna
jumped forward vigorously. and marks,
which on Monday had fallen to a low
record of 652t cents, rose yesterday TO
6Si9. Vienna kronen, which had early
in the day dropped to a new low record
of 1895 cents, closed at 11.5O. Russian
rubles declined % points to 1920 cents,
new low record. Sterling and French
exchange showed little variation from
previously prevailing rates. rejecting
the banking control which has been ef-
fcctive in stabilizing exchange on Lon
don and Paris for many months past.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-13
CANADIANS URGED TO
INVEST IN WAR LOANS
Finance Minister Says Funds
Are Much Needed at Home

ottawa, Ont, Dec. II. Finance
Minister White to-day issued a request
to Canadian investors TO abstain from
buying Canadian stocks and bonds.
Instead Of doing this, he asks that
Canadians invest only in Dominion
debenture stock or conserve their saw
ings for Canadian war loans.
Mr.. White says he is greatly con-
cerned over the frequent offerings in
Canada OF non-Canadisn stocks and
bonds, and that if all Canadian invest
ors invested their funds in outside
issues at speculative interest rates the
Dominion government would be unable
20 float its domestic loans. He adds
that all available Canadian funds and
more will be required for war ex-
penditure and the purchase by the i'm
perial government Of munitions in
Cenada.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-13
Tuesday, December ~, 1916

The stock market IS an expression
Of composite opinion. On the first
positive suggestion Of peace it de-
clines ! to 10 points. That IS an
unnlistakable opinion. The end oil
the war. TO come suddenly, or TO
come new, would be kind Of ca
tastrophe. There are no end OF
different private opinions as TO the
effect Of peace upon American IN
dustry, but there is the one con-
glomerate opinion, as IT expresses
itself in the stock market In a purely
involuntary manner. One does not
ike to think what might have hap
pened on the Stock Exhange if there
had been unexpected news Of peace.
and not merely the suggestion Of 1t.
But one ought TO think of it earnest
", for there is a lesson to learn. We
have a country Of our own in which
the potentialities Of wealth are I'M
limited. Let US think somewhat of
that. We have opportunities at
home limited only by the rapidity
with which we can find capital and
labor for their development. Let
Us think somewhat of them. If the
imagination needs stimulation, let us
imagine that the United States is
on the other side of the world. Then
we see it GENEROUSLY, as a foreign
field to be developed, and think of
sending agents thither to explore its
possibilities.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-13
Current

The above rates express the cost of
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling for s4.7512; the intrinsic par.
ity is s4.S69s per pound. Thus, you
say either that pounds are at dis
count or that dollars are at a pre-
MUM. which is owing to the fact that
in England the demand for dollars
with which to settle accounts in this
country 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, 1916-12-13
News Digest
Foreign

London Market Narrow London'
Dec. II. Money was in better deHSnc
and discount rates were steady to-day.
The tone of the stock market was
fair. but business was narrow. Home
and colonial funds were maintained
with most business in the latter. COP
per and shipping shares continued 70
decline. and Brazilian fractions were
aat on dividend fears. Rubber stocks
we're generally harder. American Sc
curities closed dull. with United states
Steel a firm exception. The Stock TX
change will be closed December 20, 20
and % and January l.
Money. "a. per cent. Discount rates
short and three months bills, z a %
per cent. Gold premiums at Lisbon
1900.
Paris Bourse.-Paris. Dec. y. trad
inc was quiet on the Bourse to-day. -
Three per cent rentes, 81 francs 10
centimes, for cash. OF.
Exchange on London, 27 francs ~
centimes. Five per cent loan, ~ francs
\ confines.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-13
Relevant
Information

Western UniOn.-This issue closed ]
point of. at 1908. yesterday on deal
ings Of 1900 shares. The directors at
their annual meeting declared an ex-
ira dividend Of per cent on the $99,-
1856. 726 common stock. in addition to
the regular quarterly dividend Of IA
per cent. President Carlton in an
nouncing the dividends emphasized the
fact that the extra disbursement was
exactly that and was not to be taken
as putting the stock on a regular 6 per
cent basis. For the nine months ended
with September the company showed
net income of S9,535.465, compared with
S6,sS6,545. This was at an annual rate
Of 1913 per cent on the stock, as
against 1919 per cent actually earned
in 1915. The stock has been selling
above par lately for the first time since
1901.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-13
Other Cities

Boston Coppers. Boston, Dee. IL
A break from I to points in copper
share prices followed word OF the Ger
man peace proposals in the local mar
ket to-day. Recessions were halted fo~
time at midday, only to be renewed
later. The close was at lowest prices
Of the day. Copper Range. 20; Allouez,
II; Old Dominion, IAN; 0seeola, 90.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-13

Ray Consolidated Copper.-This was
one OF the weakest Of the copper issues
yesterday, declining pa points to %
The company has s15,77l,79O (par $40
stock outstanding. Last week the di-
rectors increased the quarterly diyi-
dends from 90 cents 20 75tcents. and
declared an extra disbursement Of %
cents. Earnings for the quarter ended
with September were s3,2s0,424, COM
pared with ssO2,775 in the correspond
ing period Of 1915. For the first nine
months Of the current year earnings
were at cn annual rate Of $40 a share.
against S3.Os IN 1915. The company's
mines are located in Arizona.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-13
Money AMI Credit

Although there was no such furry in
call money yesterday as characterized
the trading on Monday, rates at the
New York Stock Exchange were much
frmer. and most Of the loans were
placed at per cent, which was also
the high for the day. The close was 4
ner cent. This compared with a ruling
rate of per cent and high of 10 per
cent the day before. Money brokers
saw in the higher rates a reflection OF
the uncertainty arising out of Ger
manys peace proposals, and in some
quarters it was suggested that the rise
to 10 per cent a week ago was IN an
ticipation OF developments Of this char
acter.
Time money rates were frmer. and
funds were less plentiful. Loans on
mixed collateral were quoted one-quar-
ter of ! per cent higher at 4l.G4hs
per cent. with some lending at the long
er maturities at Az per cent. Borrow
ers. as a rule, favor the shorter dates
and are bidding Az per cent for this
accommodation. Industrial money is
quoted per cent bid and per cent
offered.
Ruling rates on money yesterday,
compared with a year ago, were as
follows:
Yesterday. Year ago.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-13

Il il now forbidden to export waste
silk and all forms of worked floss silk
and raw silk, as well as artificial silk
and waste artificial silk, from Switzer-
land
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-13

Below is given the current exchange
value of foreign money in dollars and
cents. together with the intrinsic gold
parity. as calculated by the United
States Mint;
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-13

Persons leaving Denmark are permit
ted " take with them no more than two
kroner (sbout 80 centyl in copper coins
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-13

Bank of Germany.-Berlin. Dec. r.
The statement of the Imperial Bank Of
Germany issued December :, shows
the following changes. in marks:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-13

Bank EIchanges.-The days clear.
ngs at New York and other cities:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-13
It Appointment.

Equitable Trust Appointment
James VI. Rhett has been appointed
manager of the bond department Of the
Equitable Trust Company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-13

officers and employees Of the Trans
atlantic Trust Company are to receive
a bonus Of 10 per cent on their yearly
salaries.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-13

Gold from Canada. Gold 10 the
amount of sS,OOO,OOO was received from
Canada yesterday and deposited at the
Assay Office for the account Of J. ?.
Morgan & Co. This brings total i'm
portations for ell sources since the first
of the year to S573,OOO.COo.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-13
Christmas Bonuses

Employees of the United States Mort
gage & Trust Co. will receive an ad-
dtional payment of 10 per cent Of the
amount of salaries received during the
year. As an Offset to the high cost Of
living the directors have also authorized
further additional payment of 1914
per cent Of the annual salaries of en-
ployes receiving $500 or less, and -
per cent to employees receiving more
than this amount.
Directors of the Empire Trust Com
psny have voted special bonus TO all
employees, which, with the profit sharing
plan inaugurated several years ago.
will total about 1914 per cent of the
years salaries.
Officers and employees Of the Trans
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-13

Commercial Paper.-Institutions are
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-13

'lj-day paper.
The evening herald. (Klamath Falls, Or.) 1906-1942, 1916-04-28


With summer at hand, the desirable
features In Knit Underwear aro eem-
fort, eooinsss and. - always, depsad.
ability.
We announce our readiness 70 cup.
ply you with eomplste lines Of car.
msnts In summer weights for women
and ehIIdrsn.
Many new styles are here to select
from.
Union Suits
A splendid variety, In regular and
extra Sizes, including Rlehsllsu, three
piece Suits and other garments Prices
range from ......-.---...-.-.-......--S "
Women's Vests
Low neck, sleeveless Vests Of cot.
ton, with plain and fancy yoke. in-
eIudins Lady Grace brand. are prleed
At ---1Oe. 1212e. 25e. and 5Oe
Extra sl1es, o. cotton. iisis. elk
'lsls .......-.--......-.-25e. 35e and 5Os
Underwear
A. always, our stock Of this famous
Underwear 10 complete. oHmasse
weights are shown In garments In aii
wanted styles
The evening herald. (Klamath Falls, Or.) 1906-1942, 1916-04-28
New Lawns, Baite and
0rgandies

Never before have the Spring Wash
Goods been shown In such nice daln.
~ patterns. Here you can find alnsest
anything you are looking for and the
prices are 90 very reasonable. ..........
1Oe 12t2e 15e and Up 10 25e
The evening herald. (Klamath Falls, Or.) 1906-1942, 1916-04-28
White Goods

This unusually large assortment IN.
eiudss oabardines, Piquss Wslts, Cord
Cd Wslts, cerdvroys, Oxford cleths.
popilns. vollss and MarquIssttss-'n
fact, everything you could wish to zee
In this line. Prices range from
12i2e up to 81 90 per I'd.