davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-08
BY I. A. FLEMING.

The federal reserve board has made
a rather important ruling that will be
OF assistance to bankers in computing
their reserves. Under the federal re-
serve law demand deposits must be
protected by Is per cent reserves, and
time deposits by per cent reserves.
The board has ruled that the term
time deposits-open accounts shall be
held to include all accounts not evil
denced by certificates Of deposit or
savings pass books, in respect to which
written contract is entered into with
the depositor at the time the deposit
is made that neither the whole nor
any part may be Withdrawn by check
OF otherwise. except on a given date
OF by written notice given by the de-
positor not less than thirty days in ad-
vance.
Savings accounts are those that may
not be withdrawn by check without the
presentation of the savings bank book.
or by the giving of some other special
receipt.
Time certificates of deposit are re-
ferred to as instruments evidencing de-
posits with a bank or banks, the face
of each certificate being payable to the
depositor. after the lapse of not less
than thirty days. Withdrawals must
be Endorsed on the certificate with each
withdrawal
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-08
TREASURY STATEMENT.

The condition Of the United States
Treasury at the close of business yes
terday was:
Net balance in general fund. s173,-
63S.755.
Total ordinary receipts. S2120,S39
Total ordinary payments. s3.S134S2.
The deficit this fiscal year is $59144,-
722. against a deficit of s34.434.o36 last
year. exclusive of Panama canal and
public debt transactions.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-08
| Will Sell

$1,000 Austen Coal and Coke So.
$4,000 Metropolitan r. r. 80 mt 1854.
$1,000 Wash. Rwy. & Elec. 40 at 81 ".
Fl 900 Potomac Consld. Sc mt 101A.
no Capital Traction ibid wnntedD.
40 Wash. Rwy. & Elec. com. mt ~.
Is Wash. Rw.. 4 Fec. pfd. ut ~.
80 Warrington Utilities mt 20.
20 Washington Gas at Il.
Is Georgetown Gas mt 30.
Is Mergenthaler mt 1874.
Is LanstOn.
10 Munsey Trust Mt a.
Is Continental Trust at 1.SI..
% Real Estate Trust mt p.
so Northwest Savings Bank at 9as.
100 American Paper Can at 51z.
1000 Oklahoma Oil common mt 49,
800 Miller Train Control.
100 Washington Base Ball mt 1SA.
Gaycty Theater at I32h.
800 McGhan ScaffOiding at s.
$500 JuIian-Beggs Signal at 20 cents.
100 Stark Car Coupler Corp. mt ..
; Columbia Hotel Company AT LOO.
10 Ontario Apartment.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-08

cotton goods We're the main topics OF
beariSh comment. The lower range Of
values attracted fresh buying. based on
the large mill takings for the week.
$4,000 bales against $4,000 bales this
week last year. according to Hester
and prices quickly recovered and went
to a net advance. Only scanty Offer
ings met the demand. and bulls press
ed their advantage aggressively in the
last half hour of trading.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-08
FINANCE LOCAL AND OTHERWISE.

shares. In like comparisons the figures
are 769 shares for Railway common. as
compared with nearly 5000 shares:
Railway preferred, 1926 shares, as COM
pared with $500. and Washington Gas
which has been the active leader up to
the action of Congress cutting the price
of the product, 1888 shares. as COM
pared with $500 shares.
The transactions in bonds, despite the
free buying of banks and trust COM
panies, in the employment of unusable
money, have also fallen off materially.
but prices on all local issues are rela-
lively high in comparison with the gen.
eral bond market values.
Swift & Co. Cuts Melon.
An overripe melon has just been
plucked for the benefit of the share
holders of Swift & Co., the Chicago
packing and provision house.
The first slice is in the form of a
1898 extra dividend, payable Novem-
Der 16.
November the shareholders have
been invited to the real feast, when
SIS. 10000 new capital will be voted on.
which. if voted favorably-and there is
little doubt of twill be distributed to
the shareholders at 500 a share, in pro
portion to their present holdings
In commenting on the pre-Christmas
gift, G. F. Swift, president of the com
pany said: This is not quick profit
that is to be distributed, but rather one
accumulated from small margins on big
business for twenty-three years"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-08
Newspapers Miss Prosperity.

On the other hand, prices of many
commodities have so risen that what
has brought prosperity in some direc-
tions has had the opposite effect for
others and has in reality made them
poorer than before This is especially
the case in the newspaper industry,
where the rising cost of paper and
chemicals has proved a heavy handicap
to profits and progress
10 the bankers and investors of the
United States, the problems of the
railroads are of increasing concern.
1t is more and more recognized that
upon the prosperity of the railroads
depends to large extent the prosper
ity of the whole country.
At Kansas City last week and at
Cincinnati this week. leading bankers
urged by reports, addresses and reso-
luton the standardizing of railroad
supervision through federal agencies,
as a substitute for the conflicting sys-
tenn of state supervision which exists
at present. Only by such a method,
they say. can railroad securities be
ultimately protected. and prove salts
factory as a form of permanent in
vestment.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-08
WEEKLY FISCAL STATEMENT
OF FEDERAL RESERVE SYSTEM

The federal reserve boards state
liabilities of the twelve federal reserve
banks on October follows:
RESOURCES.
Gold coin and certificates in vault So65 626 900
Gold settlement fund .............. 119, All 900
Gold redemption fund with United -
States treasurer .......-......... 1.9lo,ooo
Total gold reserve. $3.50 977 900
legal tender notes. silver, etc., l3 1871 900
Total reserve ..........s 4oo s6s 900
Five per cent redemption fund ,.o
against federal reserve bank notes. 100000
Bills discounted and bought
Maturities: -.
Within 10 days ........... 1901 900
From IL to 80 days ............ 27.S1000o
From 81 to 80 days ............ g. 1000
From 81 to 90 days ...... "a 94I, 900
Over so days ........... 1.164 900
Total Observation-Disclosures. S1o1. 094. 900
Investments:
United States bonds 1870 600
One year L. S. Treasury notes.. S,13. 900
Municipal warrants .....-...... %, 900
Federal reserve rotes tnet) . IA s94 600
Due from federal reserve banks (net) 26.232 900
All other resources ................ 3,045,0o
Total resources Observation-Disclosures G2s, 951 900
LIABILITIES
CapitaI paid in Observation-Disclosures. SIS. 6S4 900
Government deposits .......... 1871 900
Member bank deposits (net). 526. 019. 900
Federal reserve notes tnet. ...... IL, 49,, 900
Federal reserve bank notes in circu-
lation ...-................. 1888. 900
All other liabilities .............. 49,. 900
Total liabilities ................ se2s. 951, 600
Gold reserve against net deposit and note liza
bilities. 709 per cent.
Cash reserve against net deposit and note liza
bilit-s. 13.5 per cent.
Cash reserve against net deposit liabilities
after setting aside 40 per cent gold reserve
against aggregate net liabilities on federal
serve notes in circulation, 74.2 per cent.
Richmond Bank Statement.
The resources and liabilities of the
Richmond federal reserve bank at the
close of business Friday show:
RESOURCES
Gold coin and certificates in vault -. So 997 900
Gold settlement fund. 16,419, 900
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-08
| WIN RuIy,

p Capital Traction Mt sIL.
Is Wash. Rwy. & Elec. pfd. mt 81.
23 Washington Gns Mt 6S34.
10 Georgetown Gas mt so.
10 Franklin National Bank at H..
: Continental Trust at 125.
10 Munsey Trust Co. at 90.
1000 Miller Train Control.
1000 Oklahoma Oil.
Exclusive of commissions. Subject to
previous acceptance or cancellation.
Bonds plus accrued interest. All execu-
tons for cash.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-08
DRY GOODS MARKET.

NEW YORK, October Cotton goods
and yarns were firm today Linens
were in demand at higher prices. Knit
goods were active. Jobbers did an ac-
tive trade.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-08
Rate to Farmers.

The farm loan board has fixed the
rate of loans made to farmers under the
farm loan bill at per cent
When the formulas are all carried out
the farmer will be in a much better
position than his city commercial neigh
Dor, who is taxed per cent
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-08
FINANCIAL.

Gas and Electric Light Bills
can be paid at any OF our banks.
There is no additional charge
for this accommodation. ;,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-08
WEEKS RANGE OF PRICES.
Corrected to the Close of Business October 4
at the Office of The Evening Star.
Railway and Miscellaneous Shares.

closing
to
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-08

the timid by its magnitude, and has
swept away. for the time the conserva-
tive methods employed by men at
tached to sound business ideas and
careful seekers of definite results.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-08
CHICAGO.

CHICAGO. October MISUNDERSTANDING
1000: weak at a shade above yester-
days average. Bulk, 9.35a9.S5: light,
s.o5a1o.0o; mixed. S.o5a1O05; heavy,
. .ooas.s5: rough. s.o0as.20: pigs, 675a
Cattle-Receipts. 500; steady. Native
beef cattle. 6.60a11.35; western steers,
6.l5a9.40; stockers and feeders, 4.75a
a.7b: cows and heifers. 3.50a9.40; calves,
8.00a12.50.
Sheep-Receipts. 5000; steady. weth-
ers. 6.60aS.35; ewes. s.65a7.5o; lambs.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-08
LIVE STOCK MARKETS.
NEW YORK.

NEW YORK, October 7.-Beeves-Re-
ceipts. 2.60; no trading.
, = Caaives-Receipts. 1856; steady; veals.
sneep and lambs-Receipts, 1897;
Hogs-Receipts. 1902; no trading.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-10-08
Some Comparative Figures.

AS indicating the intense dullness in
the local public utility shares. it may
be recalled that up to this date a year
ago the sales Of Capital Traction shares
for the year totaled over 5000 shares:
this year the sales have been only 2.074
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1916-08-15
BRITON TELLS HOW;
DOESN'T SAY WHY
Time Of Holding Mails Given as About
-Four Days in
Explanation.

WASHINGTON. Aug. 14.-An ex-
planatory statement Of how Great
Britain's examination OF mails is being
conducted was presented today to Sec
retary Lansing by the British embassy.
It is preparatory to the more COM
prehensive reply to American repre-
sentations now being prepared jointly
by the London and Paris foreign Of
fices.
Figures given in the statement show
the average time for examination of
Intercepted mail is from one to three
days. The minimum delay to mail
between the United States and Hol-
land is given at two days and the
maximum at seven. Danish mails have
been delayed from seven to ten days
when it has been necessary to remove
them from ship; otherwise only four
days.
at is admitted" says the statement
that at the outset neutral cores
pondence in which enemy interests
were in no way concerned was sup
jected to delay which is greatly re-
GREETED and which has since been
reduced to a minimum"
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1916-08-15
BIG NAVY MEN LOOK
pH FOR HOUSE VICTORY
SCORES OF ABSENTEE REPRE-
SENTATNES GATHER FOR
FIGHT.
Democratic Leader Kitchen Viii Lead
In Argument Against Zig
Increase.

WASHINGTON, Aug 1i.-Scores
of absentee representatives returned
to the capital tonight for the fight
over the conference report on the
S315, SG0,0 600 naval bill, which begins
in the house tomorrow.
Small navy men admit that the
house is almost certain to approve the
senate building and personnel increase
over which the principal clashes are
eNl eCtcd.
Chairman Padgctt Of the naval
committee will move that the house
concur in the increases, which pro-
Nide for construction OF l5j ships in
a thrce-year program including four
hattlcships and four battle cruisers
next year and an enlisted strength of
"a. 100. President Wilson and Secre-
tary Daniels have stood sluarely be-
Lird the larger authorizations.
Democratic Leader Kitchin. who all
along has opposed the administra-
tons big army and navy measure, eX-
poets to speak tomorrow against the
conference report.
"a number of us who believe the
expenditures are grossly eNtraNagant
and unnecessary. will register our oh
iectionS," said Mr.. kitchin tonight,
but | look for the house to concur
In the senate program"
A contest is expected also on the
senate amendments providing for
navy ward improvements and chang
inI the system of promotion Tor OF
ficerS of the grade Of commander ana
above from "A seniority TO selecuVe
basis.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1916-08-15
BRANDEIS DECLINES
TO SERVE IN PARLEY
TELLS PRESIDENT WILSO
WORK ON SUPREME BENCH SO
HEAVY HE CAN'T GET AWAY.
Wilson Will Have TO Appoint Man in
His Place "a Mediator in
Mexican Talk.

WASHINGTON, Aug. Il. - Asso-
ciate Justice Louis ID. Brandeis of
the supreme court Informed Pres
ident Wilson tonight that because of
the mass of business before the court
he would be unable to accept the
presidents designation to serve on
the joint commission which will at
tempt to solve the differences be-
tween the United States and Mexico
Justice Brandeis conferred with
the president and Attorney General
Gregory late in the day and the
question of the Justices accepting
was gone over thoroughly. Later
the following letter from Justice
Brandeis to the president was made
public at the White House;
MY dear Mr.. President: I APP
preciate the opportunity for high
service which membership on the
Mexican commission would present
But upon consultation with the chief
justice l find that the state of the
business of the supreme court at the
present time to be such that it is my
duty not to undertake this important
task"
The giving out of Justice Brandeis
letter was the first formal announce
ment that he had been offered the
position, although it has been known
definitely that he and Secretary
Lane were two of the three men Sc.
lected by the president for member
ship on the commission. The name
of the third has not been made
public.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1916-08-15
Leaders Offer Best Dressed
Reasons Why Amend
ments Were Killed.
PEOPLE IGNORANT
Send S. O. S. Calls Out to
Members of Party to
"Stick Closer"

OKLAHOMA CITY, Aug. l4.-At-
" tempts to explain the over
whelming defeat Of administration
measures in the late primary election,
warming signals to the effect that the
party should try and get little clos
er to the people, and all dealings
she uld be in the open, were tasks that
speakers took upon themselves to
drive home at the meeting today of
the Democratic state central commit
tee, the first since new members of
the committee were elected.
Judge Alger Melton of Chickasha
was reelected without opposition as
chairman OF the Democratic state
central committee. Ray Weems of
Sallisaw also secured the secretary
ship without opposition, and II. Is.
rhurmond OF Beck ham county was
made treasurer of the committee. No
other names were presented to the
committee. ID. B. Welty of Oklahoma
CITY was chosen Vice-cnairpan.
In the selection of Judge Melton to
succeed himself, members of the new
committee said there was no lineup.
And the selection Of Melton is no in
dication of whether the governor has
any strength with the new committee.
Melton's reelection was based simply
on the fact. it was said, that he has
been fair to all members and it was
due him to be retained at the head OF
the states organization. Members
say there are good many on the
committee who are not boosters for
governor. but that in the selection OF
a chairman. under the circumstances
the question of whether the governor
wanted him or not was not taken into
consideration.
Chairman Melton IN talk before
the committee explained that the de-
feat of the nine proposed conStitu-
tional amendments at the primary or
August 1, was due to various causes
He said that the failure to send the
pamphlets and arguments to many Of
the counties prevented the voters be-
coming acquainted with the measures
and what they proposed to do. There
was a Misunderstanding, he said, as tc
CONTINUED ON PAGE TEN
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1916-08-15
Drives Mercury Over Mark
Of Past Two Years in
This City.
ELSEWHERE
RAINS
No Prostrations Recorded
Here; Crowds at Cir
Gus Suffer.

-HE thermometer did some sur
/ prising climbing Sunday and
Monday and as n result heat records
for the past two years were shat-
tered. The red fluid did not cease
the ascension until temperature OF
107 degrees had been attained on
both days. Since government neat
records have been kept here the re-
ports show that only one other day
was ever hotter than Sunday and
Monday and that was July 81, 1914,
when the temperature reached lOS
degrees.
IL was as II the city had been
smothered with soaring blanket
Yesterday There was no escaping
the torrid rays of the sun as they
beat down mercilessly and turned
the entire city into huge smoking
oven. Despite the heat no prostra-
tions were reported, although there
was much suffering.
The "unsettled' weather promised
by the weather man proved to be
another sort than that expected. The
sun shone down from a clear sky
and there was not a semblance of "A
breeze to fan the blistering heat.
At Q o'clock yesterday morning
more than five inches of rain had
fallen in St Louis while at Topeka,
Kan. the temperature slid hurriedly
down some forty degrees and over
coats were brought out. II was the
coolest day Kansas had known in
seven weeks.
Even the big parade given by the
Barnum & Bailey circcus yesterday
morning failed to bring out the ex-
pected crowd. 1t was probably the
smallest crowd that ever turned out
for a similar event in the history OF
the city.
In the great tent more than 5000
people crowded together to witness
the afternoon performance and the
intense heat is said to have reached
! 116 degrees.
The report for today is unset
tied" and this probably means an
other Jump in mercury Of several
degrees.
The drouth has reached a crisis
here and it is admitted that the co5l
crop in this section of the state will
amount to little or nothing
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1916-08-15
OKIAHOMAN TELLS
OF WARS HORRORS
Is. L. Nance is Serving as Ambulance
Driver in France. Sees
Awful Fights.
Special 10 The World.

Spttldl 10 nc NoTlus
RINGLING, Okla, Aug. 14.--"I
was served tea yesterday afternoon
10y Mrs. W. X Vanderbilt, as she is
always at the tea counter in the after
noon, *. +. Nance. an Oklahoman,
writes from Paris. France. to his SIS
ter, Mrs. A. B. Weakley of Comanche.
Nance is driving Red Cross ambu-
lance in the France region of the
war zone. He contracted for the posi-
ton for three months but expects to
extend the time to six months in order
that he may get nearer the fighting
line.
"One certainly sees some awful
sights among the wounded, writes
Nance. "They are mutilated in every
conceivable manner There is one
poor chap i'm the hospital whose en-
tire face was blown off by Il shell ex-
cepting one eye and part of his
cheek. yet he is recovering.
They are not so gay i'll Frany as
in England. Half of the women are
in mourning, many theaters are
closed, there is no music in the parks
and everything shows the reflection
OF war
Having plenty of wine. I am re-
joicing in the fact that Haul exhortcd
the young preacher, Timothy, to take
a little wine for the stomach's sake.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1916-08-15
WARN HUGHES AGAINST
USING FLAG ON CARDS

CHICAGO, Aug. IA protest
against the use of the American
flag on posters bearing the
names and photographs Of the
Republican candidates for presi-
dent and vice president was sent
to Charles r. Hughes by Captain
F. r. Lewis, past president of the
American Flag Day association
tonight The telegram was as
follows:
The American Flay Day as
sociation protests against your
campaign managers using the
United States flag on folders
bearing the pictures of your
honor and that Of Charles w.
Fairbanks which have appeared
in Chicago and many other cities
today This is a violation OF gov
eminent regulations and state
statutes. Action will be taken
against campaign managers and
publishers IL not stopped at
once.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1916-08-15
Wilson Offers to Appoint
Neutral Board to Thresh
the Differences.
MANAGERS THEN GO
INTO SECRET TALK
President Pacifies Brother
hoods for Time Being
During Conference.
"ASHINGTON, Aug. ls.-Presi-
w dent Wilson conferred today V

WAsHINGToN, Aug. is.-Presi-
w dent Wilson conferred today
whit both parties to the threatened
countrywide railway strike and to-
night it appeared that sufficient foun-
dation had been land to furnish a
working basis for settlement of
the differences of the employees and
EMPLOYERS. The president will meet
both sides again tomorrow.
~ the conclusion of the days con
ferenceS the president issued this
statement:
gone over the case with the utmost
frankness. | shall not be able to
judge until tomorrow whether we
have found feasible basis for settle
mcnt."
The foremost questions are what
shall be arbitrated. if arbitration is
to be resorted to, and what form of
arbitration shall be adopted. Repre-
sentatives of the employees maintain
that their demand for an eight-hour
day and time and a half for over
time is the only concrete PROPOSE
tion under discussion. They insisted
to the president in their conference
today that the railroads make some
definite counter proposal If the
railroads submitted some proposed
form Of settlement they said. they
would be ready to discuss negotia-
tons further.
THE employees are understood to
be ready to consent to the principle
of arbitration If the contingent pro-
posals OF the managers, which the
men claim involve rights they have
won in thirty years effort, are elimi-
mated from consideration, and if arbi-
tration Is conducted by a board on
which all four brotherhoods are rep
resented"
Hold Conference.
Immediately after learning the em-
plcycs position the president sum-
Inoned the committee of managers
and held long conference with them
They Left the White House 10 confer
among themselves throughout the
night if necessary. and the general
understanding was they discussed the
adV.sdbility of withdrawing their
"cortingency" proposals and sub
mittng a proposition without
strings" as demanded by the men.
While representatives of the en-
ployes insisted that they had not yet
agreed to arbitrate any feature of
their differences, there was a growing
CONTINUED ON PAGE TEN