davidaulloa/AmericanStories huggingface dataset:
The sun., 1916-01-30

A practical definite accomplishment
~ the Pan-American Financial CON
ference has already taken shape in a
proposed agreement. formulated in full
between the Chamber of Commerce OF
Ruenos Aires aud the Chamber OF Com
merce of the United States for arbitra-
ton OF commercial disputes between
business men Of Argentina and OF this
country. The rules and regulations"
and even the forms Of agreement are
m final shape. and the subject In to
h- brought officially to the attention Of
both trade bodies for ratification some
time before July Is. 1916.
Short Of the first necessity Of getting
trade itself, there could hardly he any
ming In the formal organization Of
friendly trade relationship providing for
the smoothing out Of the Inevitable
wrinkles OF new business between
Leoples far apart who have had each
'ts own ways and standards differing
hars and there from the others, Al
rAeey there have oeen misunderstand-
nRs The history OF trade in every
corner OF the world has shown how
much can he done by commercial arbi-
tration with its freedom from teChni-
calitics and It's businesslike tendency to
80 straight to the point and settle
. thinGs with the least expense, della,
bother and permanent hard feeling
the gentlemen who consulted together
and worked out the plan. being named
The sun., 1916-01-30

The United states is doing very well.
With greatly decreased tonnage or
ships sailing direct to the continents
other than Europe ,having no merchant
marine OF our own to open up full COM
municRtions for direct tradel We have in
creased our commerce with South Amer
ica. Asia. Africa and Oceania nearly a
third. We have steadily gained in our
sales to these continents. month by
month. till June has shown rate OF
movement that bids fair To bring our in
creases Of export to the peaceful parts of
the world up To an aggregate between
$500. 900 900 and $500. 900. 900 bigger for
the calendar year 1915 than it was in
1914. and certainly more than 100000
900 greater than our normal sales to
these parts of the world have been. AL
though we have not been able to pull the
principal focus of world-trade across the
Atlantic from the English Channel into
New York Bay, much new trade is taking
our direction
When the war declara lions were made
in the early days Of August, 1914 there
was an almost complete collapse of the
machinery of commercial exchanges and
credits over the world. Great money and
banking centres Of Europe that had been
intricately interconnected in every par
ticular Of finance suddenly repudated all
obligations one to another. The fabric
The sun., 1916-01-30

Of international credit tangled and broke
No financial centre IN any part of the
world knew to what extent IT could de
pend upon the others Moratoria. form
or general temporary insolvency legal
ized, were declared IN most Of the Couu-
tries of the world. whether at war or at
peace. For time shipping came to a
halt and II was intertercd with Tor
months. \ quarter OF the tonnage Of
the worlds ships was requisitioned for
war purposes or interned
large portion OF the world. including
nearly all the most progressive OF tn"
countries outside Of Europe, was deepen
dent upon a continuous flow of invest
nent capital to keep large bodies Of Popu-
lation employed. Capital had been gong
into developing countries by hundreds
OF millions for railroad building. new in
dustries. &c. and when Europe suddenly
became unable To send any more there
was another grave element Of disaster
added to the condition Of interna tional
trade because II was obvious that such
countries would be compelled to cut down
their imports drastically.
International commerce is estimated Ia
have fallen to two-thirds its ordinary
volume right after the war.
Ry the turn Of the year. however, the
world began to get "A readjnstment well
under way. and the steady normalization
The sun., 1916-01-30

When the storm broke IN Europe
year ago. and there followed the smash
ing disorganization of commercial com
| munications all over the world. question
arose In every mans mind What changes
will this bring in the currents OF the
worlds commerce? VIII the worlds
trade routes take new directions and
come to some new focus' VIII this new
I focus be in the Western Hemisphere"
A year of war in Europe and OF re-
covery from the chaos of the first days
. Of the wars effects in other continents
! seems to bring the answer that the
| v orld- map of overseas trade is not to be
' greatly changed. Very slowly the dimin-
ished volume OF international buying
and selling In growing up again-the
worlds trade IL not yet anywhere near
normal--and while the United States is
buying and selling in largely increased
amounts trelative to the size Of our own
trade) Englands commerce Is al D. grow
ing steadily up to its former strength.
Spain is capturing good business, Scandi-
navia and Holland are probably obtain
ing new commercial connections, and
with less than half of the lost commerce
OF the Teutonic allies accounted for. the
preponderance of world-trade still TO-
cuses in the English Channel.
The sun., 1916-01-30

the competition comes 20 fEl .'er>f
year OF the war has soe' d, ra's p
advance in the Organization OF '." 'H'e :a
trade Of the United states TINS 7t.9"'
has not been entirely because pf ne 81 g..
only stimulated somewhat hr T.
foreign connections cf oar t."-- ta.,
been strongly extended There rtr ..".
a conscious movement 'or o. .," ,N'."
trade. Our business Interests ~
much more about how - Obtain as y
handle foreign business tNa' .~ '.' '.
formation that only q few leaders .' -
foreign trade once hat a'r's '
pretty widely diffusci amorc "t .'t.
turers. We have started H.- '''
American movement tu tNu ..'
and IL is going to help ou' traa,
United States manufact4'c- 40
ing trial by consumers sri r-,r ..''
abroad who never before took OH. t''
to see what they were lto I"'e
States exporters are making n--''-'
acquaintanceships and co"05r''''' y >
foreign dealers with whom ,h,N '',"'h
fore came in contact. Al az ''-
counted upon for Sor.' r,r.r''.-.
business that Will persist I' .,''
keenest competition that can ..'..
is the time for putting IN n" ". 80
Hetlc and attractive sa''-
work that United states ."'.'.-'.
command The NOR. tr-H.
more viii persist
The sun., 1916-01-30

ably shortened so that they may meet
fully The convenience of United States
manufacturers is a question that will
more and more doubtful. Europe mas
used credit along with price in compct!-
ton heretofore AMI IL ~ almost "A fair
proof of the real necessity of long
credits IN SoMh American trade that
IN" merchants who bought have paid
the cost Of the long credits without
an attempt to change the system.
For the long credits hay" increased
IN" real price OF merchandise. The
German exporters who have been
credited with using credit mo+'t success
fully in extending their trade have al
ways charged "A stiff interest rate--as a
matter OF fact, the privilege that mer-
chants in this country obtain from
wholesalers, juhhers and manufacturers
Of certain period Of credit At The end
OF which they pay only the net price or
even take "A discount for "cash thirty
DAYS" sayb IL not anywhere so freely
and extensively accorded in trade IN
South America.
Tn" system Of credit extension hat
really amounted to merchandising viii
an apparently low price for the goods
sold and an additional good profit in tn,
inchlental credit extensions On AZ
enormous aggregate Of goods sold il
South America the sellers have mad,
from | to per cent from sight" or
til' The payment after ninety days. 81,
The sun., 1916-01-30

the contributing factors 1t nevertheless
followed that the public participation
developed to an entirely unexpected de-
gree.
In the closing months OF the year the
most favorable sign of all Developed
The railroad stocks began to show
great strength. There was a very large
advance followed by an almost ncgligi-
ble reaction.
In spite Of heavy investments in secu-
rites brought to this country from some
of the warring nations there never was
a time throughout the year when money
WAS not plentiful
of course an important factor in this
was the reduction of the amount OF
necessary reserve to Is per cent Of the
,deposis. hut again the large war or
,.i"r- and the relatively small demand at
home had most to do with the supply
.of money. And then too there was the
falling or in importations.
OF particular interest has been the
'anOunt involved In financing the war
inuntion companies. This. including
he formation Of entirely new firms has
totalled s5lS40O.00O during the year
that has just come to a close. or this
total s2+O.OO 600 is represented In tho
|, in 'ront company and 500, 600 in
II Midvalc steel
I Fif,y-scven companies with authorized
/ capital of siOO.Ouo 000 or IN excess q
] that amount have been organized IN IN.
/ last year. The average capital Of thes.
! companies is about sl.5o0.00o. Tn.
/ companies with n smaller capitalization
are far more numerous
In addition to the munitions com
| ranies seventy seven companies nav,
been formed Tor the manufacture or dis
jrbution of chemicals and dyestuffS Al
20 "a IA Z ian I
The sun., 1916-01-30

secretary McAdoo during the month
also named the United States members
Of the inter- American High Commis-
sion" which the republics OF the two
continents are to he invtei to JON in
establishing permanent politico-com-
mercial body for the organization Of in
ternational machinery Cor unfying laws,
bringing about closer financial relation
ship and the like \ committee OF
representatives. OF United States business,
WAS also named to make n return visit
in response TO the invitation Of several
Of the South American countries and
carry forward in South America the
friendship and personal relationships
begun AZ Washington.
Somewhat akin to these official ac-
compllshmonts in fur'herance OF co.
operation between the Americas is the
establishment OF United States CONNER
rial organizations, representatives OF
local American interests. in Buenos
Aires and in Rio de Janeiro. y "a a
commercial club which has already beer
formed at the Argentine metropolis. In
Rio dc Janeiro an American Chamber oi
Commerce IL proposed which local repre-,
sentativcs of sixteen important Unit-
States business and financial concerns
have already Incorporated.
Whether or not the long credits ma
have been feature T South American
trade In the past viii ever he consider
The sun., 1916-01-30

IN spite of the fact that there are
carly peace IN the old World, the New
World is facing the business year Of
1916 with extreme confidence. This at
ttude H. born uf the developments of
the year just past. which resulted in
unexpected rccoycrics in finance, in the
Industries and in trade.
The only discordaut note is in the
speculation ~ to- wna, will happen
vhen terms ot peace are finally decided
upon and the readjustment has begun.
Hut fear on this score has been les
sened because 1918 upset a great many
economic theories.
The United States has embarked upon
the present year with
l. Unprecedented crops, not only in
volume hut In value--thc demand from
abroad has set new bushel standard
in every form Of yield. Cotton is the
only exception to this rule.
J. \ financial market IN which the
public once more is participating and
in which there is an activity and n
strength indicative II a restored con-
fdence.
.. y foreign trade which is epochal.
I. An unaNowed but obvious modi-
acation of the Governments attitude
toward business An attitude that may
lie construed as helpful.
s. 4 change In the railroad situation.
very largely due to the modified att-
: tude nf the Government Tn. result
has been increased business and an IN
crease in the carrying charges. In TINS
connection the Governments decision 10
review the express companies grievances
came as stimulus 10 business.
9. The Industrial boom that IL. ot
course the direct resultant OF tne de-
mand from foreign countries for Amer
lean products l'ncmployment IL AT a
record low ebh. In this connection the
depa rture of so many thousands to join
their colors in Europe has. OF course
been something OF factor-though
very slight one.
Public interest has centred in tive
great developments. one has been the
loans to heligereuts that have been ne
Rot,ated here The other has been the
advance Of New York CITY to the position
Of chief city of the word in finance.
The loans have excited widespread
comment They have met Win some
opposition But that opposition mas
been confined to a small community ol
interest And no loan has failed. I'M
manner in which the general puhhc ha'
come forward to participate in thes'
loans has shown that the banking IN
terests of this country had HauGe'
public opirion very ably.
The new position OF New York cit!
II NJ picturesque interest. There ha'
been much in it to fire the imagination
Ru. there are many who feel that. whei
the readjus,ment comes. New York viii
perforce. assume it's old place amon'
world cities. However. it's abillty u
succeed to the premier position ever
though temporarily. has been sourc
~ great qualification.
>rd now lust "A word about the con
ditious abroad
vi the capital cities ~ Europe. de
suite statements ~ resolution To pus
the conflict to the bitter end. are look
The sun., 1916-01-30
MANY GOLD DOLLARS
Ea gles, Too. Fly FROM N,,,-
MilIions Of Them.

During the past year gold co.u,gs b..
the United States mint was iirusu,r,
large. No less than s23.Hs7S-. u.
gold out Of the total coinage for b,
calendar year. amounting 20 s3o,u,
1920. The gold coins included .o.
octagonal $50, 500 round $50. loa..
quarter eagles and 25.ooo gold dol.,.
coined for the Panama-racino CSr..
ton: 1850 double eagles ,t1,-.
eagles. 752.075 half eagles and eos ma
quarter eagles.
During the year the min,a coined e.,
600 special silver half dollar, f.r ..
Panama Pacific Exposition. ard g't.
$50 half dollars, 7.s7s,i5o quarter d,.
lars. s.5s0.45o dimes. 3o,os2.Isn . row.
and 55,975,570 I cent pieces
The sun., 1916-01-30

49,. N
- o'N "'N.''"
"'.cu '''''S con 80
'HslhVSn WIN ''Ht.' y
lol '''a''o''' W. '"''''"''''
''''o,'N'S' 'H' ' ct
o'", a'S =" At" Hc'P '
'i,''' "''' ''u' "'''
..t''' , y" MS '''u
"o'N' even ""'" S'''''.
w., 90 '"'' a.. w '''' "
W., w y, u'H'''' ''''''
".l W ~ "'' Nv ''
,ue ,ren' "I H"H'n N''
The sun., 1916-01-30

500 for sbs,to7.7cs in the year .r,,,.
ately precedine. $40 in 1918 Tor iqi
t3<.5ts and 60s in 1912. when tho
bilities were slightly less than go o.o.
600,
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-05-16
KNIGHT FALLS
IN OPENER At
FORT SHAFTER
Company K Wins First Game
in New League on Ball Yard
at Foot of King Street
Special etinCorrespondenct

| -
FORT SHAFTER, May l6.-Fhat
baseball still holds its popularity Al
Fort Shafter was clearly demonstrated
Yesterday afternoon by the large and .
enthusiastic crowd that turned ont
for the opening game of the season.
Over 600 lovers of the game we're
on hand and although at times the
teams played more, or less ragged ball
the real enthusiasm was there and the
bleachers gave each player all credit
due him.
A dOuble-header was scheduled to
commence at 100 o'clock, the first to
he fought out by Companies \ and b.,
and the second by Companies | and
X. AS 4 Company was on guard their
game was postponed until later date,
giving / and * the field to them
selves X Company had little trouble
in trimming | Company, and took
home the bacon to the tune of IS to 3.
Both teams had their full share Of
stage fright and nervousness, but as
the X Company team was better with
the stick, better at base running and
made Fewer errors. they had little
trouble in making twice the number Of
runs.
Knight Falls.
Company had steady man in
Knight. as he pitched a good game,
striking out IA men, and held X Com
pany down very we'll except in the
fourth and ninth innings, when X Conn
pany piled2up their large score. Had
he been given better support the re-
suits would have been different. Am
anna and Simmons were in the box
for X Company and allowed but six
hits. Amama was wild in the third
inning and gave | Company seven
runs. simmons relieved him in the
fifth inning and pitched good, steady
ball, allowing | Company but one hit
and striking out six.
In the field both teams were equally
good and showed very clever work at
all times.
With practise both teams will de-
velop and give good account OF
themselves later n the season.
Score: .s.-
Co, K o 3O4OO9 90 2-1S II )
Co. 30 o. 0 / 90 L . 6
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-05-16
Duke Kahanamoku Back
From Trip To Mainland
Worlds Champion Says That He Had Too Much Train Travel
Will Enter Swimming Meet at Harbor Saturday After
noon Against Local StaTs-Duke Made Great Record on
Trip in Invitation MeetS-Meets Willie Hoppe ct the Dock

Duke Kahanamoku, worlds cham
pion swimmer, returned this morning
from a successful tour Of the main
land-successful in that he proved
cOnclusiyely that he was the leader
of them all when it came to a race
where he had prepared for a close con-
test.
Duke is the swiftest swimmer in
the world and the slowest talker.
TOO much train travel" was his laco-
mic reply when asked about his de.
feat at Pittsburg and New York. En-
tered everything" was another express
sion used, and this is proven by the
races which he entered, dipping into
the water in races from % yards TO
800 yards, while Vollmer was only
trained for the 22O yard dash.
Trouble in Legs. :.-.. II
Duke won the so yards in Chicago
covering the distance in % Is sec
onds, a fifth slower than the record.
The 100 yards race was won by Nc
Gilliyray at Pittsburg in slow time
Trouble was in my legs" Duke said
when asked about his race in the
Smoky City. ~... -:
Duke left Pittsburg the night of
the race and hurried to New York
where he had no opportunity to get
ready for the meeting with Vollmer
As result he did not even place in
the furlong. Duke stated this morn
ing that Vollmer was a great swim
mer, but that the Columbia Univer-
sity boy only entered the 220 yard
swim, while McGillivray participates
IN more events. Taken altogether,
Duke believes that McGilliyray is the
best man that he met on the mainland
tour. ...~ :
Trip Success. ...... 49,. ~. ..
Duke was met by a number of
friends at the wharf, and each and
everyone said Good boy, Duke"
which shows that the local devotees
of swimming are confident that Duke
did as well as could be expected when
he made the journey to the mainland.
Duke stated this morning that he
would enter the handicap swimming
meet which will be held on the harbor
on Saturday and Sunday. At first he
stated that he would take rest, but
when the call of the open water came,
replied that he would enter. Should
Duke enter the events, it would add
interest to the meet, and would show
how we'll the other local boys com.
pare with the champion.
Two Champions Meet.
At the dock this morning were two
world champions. Duke Kahanamoku,
champion of aquatics, and Willie
Hoppe, champion billiard player The
stwo champions met and as neither
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-05-16
SWIMMING MEET Is
HELD AT 7. M. C. A.

After finishing their regular club
meeting last night, the members of
the Knights of Kamehameha, a club
of the intermediate department, held
an interesting and hard-fought swim
ming meet. The boys were divided
into two teams, Melvin Holt and Les.
lie Holt being chosen to captain their
respective teams. ....-
The boys who sided with Melvin
Holt seemed to be the best swimmers
and took most Of the races The relay
was a real one. The participants re-
manned neck and neck the entire dis
lance, and at the finish the judges
were unable to proclaim the winners.
So the race was swum over and Mel
win Hollis stars won out.
Following is the list of events and
winners: ~ +. <-"
so yard swim-Lemon, first; McCol.
gen, second. " .....
100 yard swim-Vasco Franco, first;
Melvin Holt, second.
so yard back stroke - Elmer Holt,
first; Vasco Franco, second; McCol.
gen, third.
40 yard breast stroke - McColgen,
first; Lemon, second; Kawekiu, third.
Fancy diving-Elmer Holt, first;
Melvin Holt, second; Lemon, third.
80 yard relay race-Lemon, McCol.
gen, Dent, Melvin Holt.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-05-16
C Battery Does Some Hard
Playing ana Hard Roofing
and Turns Trick
FIRST FIELD ARTILLERY
LEAGUE.
Standing Of Teams,

Battery { :. Battery B ,.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-05-16
SChOfieId Now
Planning Polo

Especial Star-BulletinC Correspondence
SCHOFIELD BARRACKS, May 16.
The 4th Cavalry again defeated the
LIST Field Artillery at polo Sunday
afternoon, winning by score OF Az
to 2.
A large crowd turned out to see the
play and the many good plays were
heartily applauded. The wearers OF
the Red played with better team work
than they have before and the team
was considerably strengthened by
Lieut. De Russy Hoyle, who hereto
fore has been unable to play.
On Thursday evening the polo play
ers and those interested in polo are to
meet at the Cavalry Club at Cashier
to discuss plans for the coming polo
season and particularly the organiza-
ton Of post team.
+ The players in Sundays game were
as follows:
Fourth Cavalry = Cullum, No. 1;
Haverkamp, No. 2; Cheney, No. 3;
Herr, back. -. -.
First Field Artillery-Hoyel, No. 1;
Gay and Daily, No. 2; Beard, NP. 8;
Erlenkotter, back.
The score:
Goals-Cullum 2, Herr 2, Haver.
kamp, Daily, Beard IL
Fouls-Haverkamp.
Fourth Cavalry-Goals ), fouls 1.
Score Az. .--...
First Field Artillery-Goals 2, fouls
0. Score 2. 49,. - u
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-05-16

SIDEGIGHTS ON THE GAME.
Those who have been talking about
Miller losing his batting eye, had an
eye-opener Sunday. In his four times
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-05-16
KAN WINS COMEDY GAME
AT ALEXANDER FIELD
FROM PUNAH0U TEAM

Kamehameha is tied with st. Louis
for first place in the IntersChoIastic
League Yesterday afternoon the
baseball team swamped the Punahou
aggregation on Alexander field by d
score Of Il TO 8. Early in the game
Coach Midkiff stated that he thought
he had a chance but the boys spilled
the beans
The Punahou pitchers, Peterson and
Baldwin, had plenty OF curves and
pitched fair ball hut the infield and
uutfIrld went Ia pieces. and Ieavy hit
ting by Kan won the game Midkiff
walked up and down the line and tried
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-05-16

one OF them has any record in the
conversational line, il is thought that
the text of the talk would not take
up much space. Two champions here
at present are known throughout the
world as the two silent champs. Ask
them to tell about their victories, and
when you get through, you will imag-
inc that they are couple Of third
rat6rs.
Duke will take q good rest and will
go after the men who defeated him.
1t is not certain just who will come
here to compete against him. but Voll-
mer and McGilliYray are the logical
men to pay Hawaii a visit When
they meet in open water, Duke will
be ready, and deYotees of swimming
here will bank on him to the limit
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-05-16
taE6!g!!l!ggtii!ll;S{ IMP Pa9e *&g s
MILLER And HIS WRECKING CREW
GETREVENGE in ARTILLERY GAME

at the plate Miller scored 4 single, a
double and a home run. The fourth
time be was hit by Che BALI
Cumberland struck ont three hatters
on the c Battery team. all OF whom
were Polk Whitfield.
kerns is showing up as strong
candidate for third base on the req.
mental team. His one-handed catch
of Michalrk's liner was one OF the
brilliant features of the game.
Williams. with a little more control
on his peg to second will be classed
rs the best backstop in the regiment.
lie has plenty 90 nerve and pep. When
a foul tip diSIocated a finger in the
sixth he refused to be taken out OF
the game.
Cumberland made drive in the
seventh with two men on bases that
should have been a home run. But
Left Fielder Finkelstein anticipated
the wallop and was playing 90 yards
back Of his usual position.
II earned runs we're the only ones
that count the score would be >a-tie,
| TO |.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-05-16

at the plate Miller scored single, a
double and home run The fourth
time be was hit by thr BALI