davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-13
Sound Principle VS.. Expediency

1t would seem that there is Only one
course which the railway arrangements
can follow if they are not going to
allow the labor situation to become so
acute as to cause far more serious
trouble than they have ever previously
encountered. This course is by some
means or other TO reduce the discrimi
nation in wages and conditions of work
between the various classes OF en-
ployes. In order to do this they must
prepare themselves to offer far more
courageous and determined resistance
TO the demands of the men in train SER
vice than they have ever offered before.
If this finally leads to strike, then the
strike should be allowed to come. The
time always arrives in the handling of
matters of such Importance when the
cost of expediency" becomes much
higher than the cost of standing for
sound principles Railway Age Gazette.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-13
When Peace Comes

II will be recalled that when the war
broke out a frantic appeal went forth
to the American farmer to prepare to
feed the world" The American imple
ment dealer was also urged to persuade
his farmer-customer to make such prep
arations. Peace will bring almost the
same necessity for the farmers Of this
country to increase their productive ca
pacity. America will be more industrial
than ever. That means there will be
more mosths at home to be fed by
the farmer And to a greater extent
than before the farmers products, as.
we'll as the manufacturer, will enter
markets abroad. II will be time for
more effort all around on the part Of
the farming population and the imple-
ment dealer will be in the midst Of and
a part of it all.-Implement and Tractor
Trade Journal.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-13
FALL RIVER COTTON
TRADING AT LOW EBB
Presidential Election and High
Prices Depressing

Fall River, Nov. 12.-The amount OF
business accomplished last week was
the smallest in a great number of
weeks and may be attributed in part to
the Presidential election, It being ap-
parent that some buyers hesitated.
However, the unusually high prices
prevailing for cotton may be said to
be the real reason for the reduced
trading. Not since the Civil War have
cotton prices attained the heights they
now possess and not since that time,
too, have cloth prices reached such
high levels as they now hold.
There was a good demand for bag
goods. and manufacturers of these COM
modities have been in urgent need for
these goods, but have been unable to
secure any quantity for spot delivery
Factories using wide goods OF odd con-
struction have been in the uarket and
have paid unusually high prices for
their goods The narrow end of the
market is firm, and it is reported that
a stable business has been done in
these goods. II is very apparent that
mill men and buyers hesitated consid-
orably before concluding business be-
cause Of so many disturbing condi-
tions, the principal one being the high
cost OF cotton. Those mills having a
good supply on hand or under order
will reap very large harvest in dis
posing Of their goods at current prices,
but those mills which have been so un-
fortunate as not TO have purchased
their cotton will lose materially.
Reports from manufacturers Of fine
goods are to the effect that they can
get all the new business they want, but
just now they are not in a position to
take on business for future delivery.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-13
AMERICANS BUY INTO
CANADIAN PAPER MILLS
Reported They Seek Control of
News Print Situation

A movement of uncommon signiii-
canoe has developed in the Canadian
commercial field during the last few
weeks, whereby United States capital
lists have attempted TO obtain control
of several large news print manufact-
uring companies, according to a cor
respondent of "The Commercial and
Financial Chronicle" who writes:
In some instances these efforts have
succeeded and in others the negotiations
are yet in progress. new group OF
capitalists last week obtained control OF
the Wyagamack Pulp and Paper Company
and the Brompton Pulp and Paper Com
pany is known to be undergoing reorgani-
zation. the plan Of which will shortly be
announced IL il understood that the
Canada Paper Company has received
tempting offers from American interests.
The company has low capitalization.
authorized preferred stock Of $4,000 and
100000 of common. not all Of which has
been issued. and there are two bond issues.
aggregsting $350.000.
Meanwhile. extension Of plant is the
keynote Of most OF the pulp and paper
mills. The Chicoutimi Pulp Company.
subsidiary of the North American Pulp
and Paper Company. will increase its pulp
mill capacity from 10000 tons annually
10 10000 tons. making il the largest ex-
porter OF mechanical pulp in Amrics and
the second largest in the world. Another
North American Company subsidiary. the
81. Lawrence Pulp and Lumber Corpora
ton. will increase its output from $1,000
To $4,000 tons annually, which the man
agement asserts will make IL the largest
pulp mill in the world. These are merely
illustrations OF the expansion upon which
many other pulp and paper corporations
have entered.
While there are some Canadian fnsn-
ciers who fear that the Canadian pulp
and paper industry may see another de.uge
Of ovcrcapitaliLation. such as occurred be-
tween 1910 and 1912. when several big
corporations were merged" 10 the edge
Of bankruptcy. others confident that
the stock jobber is playing minor part
in the changes now going on. Most OF
the names associated with the new boards
OF directors are those OF well known
American investors.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-13
Waste in England
tFrom The Lo~do" Eooro"''. ).

tFrom The London EooHo"''. .,se
AT home the government mas y. ~
tice economy and enforce !. ~ 80,
dueed rate of expenditure on ". -
is. as we have said, good sign 81 80.
management. but we hear ms'' :, -
Piles of the wasteful use macs !. al,
who have been added to the va" 80
Der Of people who muddls s"''
time in doing nothing save sig" I.u
casional form. The railway: e limits
trains for business men ano .Sosviae
those used by ladies bent on ~ -
and matinees. There Is s'in ~ -
nous amount Of wasted ~ ~ ~
wasted money going INTO
things.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-13
AN ORDINANCE CALLING IN FOR ~
DEMPTION BONDS or The
CITY OF SAN ANTONIO

BE IL ordained by the Commissioner
the City Of san Antonio.
WHEREAS bonds OF said CITY are o.
standing. as follows:
Issue. Purpose. Amount Tot
Impts. ETC. .''''..iso.ooow Feb li'f
July /. 1889 Public IN,
July T. lSs, street ,s
w Walk limits -. 100000 Jan. !. NJ
Str Bridges. 100 10000 Mar. u.s. W.
Sept. 10. 1890 Prop ., "a.
erty Condemned. 100000 MAJ ~ 80"
Sept. IS. 1890 Side q. 81,
walk lmpts...... 100000 MAI :" >"
I'm imp ~. i''' $50. 50 10000 Sept Is ~,
Fire ~ Alarm. -. 100000 Sept. Is W.
Sept. Is, 1890 School -, IL ,y'
said bonds being payable In ihiry "
wears. and redeemable at the opron q
civ after twenty fgD years: and pens
denomination OF one Thousand po'' s.e.so.,
bearing five 90 per cent Interest 80 ID.
Public improvements issue OF 1877 - r., n
for Five Hundred Dollars each ana 49,
90 per cent interest; and -. "A q.
WHEREAS said City now cenIv. ssrS
ersiSe lis option ana ittcVh o" -
The CITY Of San Antonio call. In ,s s.,s o.
for redampslo Ion. and all holders Wy, ~ "a.
hereby notified 20 present the sans w. a.
payment OF all principal and , ,''ss s,sv.
thereon. on the dates To be - az
set forth. either al the Trsasufy or COY
or al tine NATIONAL BANh ~. sS,rS'
MERGE. OF New York city, VICE. isssr
designated as the New York fl .s~r,>r,
of said CITY OF San Antonio for me rcs
OF said bonds as herein ps s,is herein sss.,
and after tho respective d@'es bnsd,' ~
fixed Tor the redemption Of saia sos "a, a.
city shall not be chargeable WIZ S.,fy or,
interest on said bonds Ane 'ns ,strst,cn 4
Is hereby directed 10 cause the pno .s,ss ,ir.e,
this ordinance without cer7i -. yors C1r
each in two newspapers IN nes ,ntsnio. a.
one in Chicago and one In san Nh ~. r.os,rs'
All holders OF such bonds are he''''
TO take notice hereof. 80. ,stA n,
PASSED AND APPROVED ''
0' '''00'' ,cLINToN G. BROWN NV
FRED FRIES. City Clerk
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-13

The price also is responsible for
many illusions. Those enormous
profits which the corporations are
row reporting are subject to very
heavy discount. AS prices rise the
purchasing power of money falls.
The command of dollar over goods
in general is perhaps one-third less
to-day than it was at the beginning
of the war. The case Of corpora
ton is like that Of an individual. If
its money income increases l million
dollars and all the things it might
want to buy, including new buildings.
new materials, etc, have increased
in price one-third, the increase in
profit actually is not l million dol
lars, but 2-3 Of a million. If instead
Of employing the profits in the
business it should pay them out to its
shareholders as dividends it would
come to the same thing. The share
holder finds that a dollar in divi-
dends buys only % as many goods
as before the rise in prices.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-13

The wonderful economic invention
called price is performing its func-
ton either extremely well or very
badly. as may happen 10 be your point
of view. 1t has given the buyer that
command over goods which it is sup
posed that he should have. 1t has
converted typewriter and air-brakc
factories into munitions plants. 1t
has made high explosive shells of
materials which might otherwise
have gone into steel rails and
bridges. II has turned perhaps
100000 American wage earners dl-
rectly or indirectly to the service OF
the nations at war in Europe. II
has enormously stimulated the total
Of production, by giving the specula-
tor. the trader and the manufact-
urer the incentive of great profit.
That the price has not yet checked
the demand for goods, which is one
part of its function, Is not to be set
down on the side Of its failings, be-
cause it may yet accomplish even
that. But now, if you should ask
why, when there is less than is
wanted of a certain thing. everybody
should pay more for it, whether pay
ing more for it will increase the
supply or not, you lead into highly
controversial region.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-13
s21f2,00o

The Texas Midland Railroad has
been pretty much as it is, that is TO
say, in its present form, length and
physical character, for twenty years.
It's average annual net income for
twenty years has been S3S,653. That
income on the value found in it by
the Interstate Commerce Commits
sion is IA per cent year. Assum-
ing that the capital invested in rail-
road service should earn 6 per cent
year, the average annual net in
come should have been Sl66,000 a
year. or about $4,000 more than
il did earn. To have earned per
cent year on its value it would
have had to charge its patrons about
S850,000 more for the service rem
dered than it did charge them during
twenty years.
1t is understood that the Texas
State Railroad Commission will pro-
test the valuation placed upon the
Texas Midland by the Interstate
Commerce Commission, on the
ground of its being too low; but it
is only $4,000 lower than the val
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-13

Generally, it is true that the price
does tend to increase the supply.
Profit induces the manufacturer TO
enlarge his factory. A high price
causes the farmer to sow more
wheat. Yet it cannot always be so.
There is a limit beyond which the
supply of a thing cannot be in
creased, but there is no limit to what
you may pay or be charged for it.
After the limit Of productive ca
pacity has been reached prices will
20 on rising, perhaps faster than
before. Then it begins to check the
demand. The highest bidder gets the
goods and those who cannot pay the
price are obliged to do without II
you leave it there the case is COM
plete. The function of the price is per-
formed. But if you ask whether in the
last exercise Of its function the price
does not put the command over goods
in the wrong hands, that is TO say,
in those who can afford to pay for
goods which others can i'll afford to
do without, you have challenged the
first assumption Of our economic
thought. 1t does exactly that. If,
for instance. we were cut off from
the rest Of the world and found our
selves with only nine-tenths of our
normal food supply, the price Of
food would function badly for the
very poor. The scarcity would cause
the price to rise. Those who could
afford to pay might go on eating as
much food as before. II they did SO,
| 10 per cent of the people might
starve. But everybody could do with
10 per cent less food than is nor
mally consumed in a prosperous
time, and if they did this, there
would be enough to sustain the life
of all. In that imaginary situation
the function Of price would be sus-
pended by government interference
People would be put upon food al
lowance, and the price would be
regulated. So there is point beyond
which you could not leave distribu-
ton to be controlled by price.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-13
DIVIDEND NOTICES
NATIONAL BISCUIT COMPANY
UNITED STATES EXPRESS COMPANY.
Rector street, New York.

NV
Pursuant 20 q resolution % the BOARD %
Directors OF tho United states Express
Company. notice Il hereby given that a
th.sd ard partial distribution 81 the a.
s~ts % this COMPANY amounting 90 s. 90
per share. Viii De made November 2etn.
1915. 20 fh@ Shareholders Of record ss 81,
the 18TH day Of November. 1916. Checks
will he mailed.
TrSnsfer Books OF The Company will
siose al - o'clock noon. November 18th.
and Reopen December lat. 1915.
E..H MORGAN. JR.. Treasurer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-13

The Danish government has permit
ted the export OF 5000 horses to Ger
many in return for the import of seed
Of sugar-beet sufficient for the 1917
sowing, a four months supply OF soda,
benLol dyes and various commodities
required by the state railways.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-13

This is the only great country left
in the world where the control of
production and distribution is still
left wholly to the control of price.
In all the belligerent countries that
control has been in some degree in
terfered with, beginning at the
point beyond which II could not be
trusted to function in a manner
conducive to the greatest good Of
the greatest number. We are still
selling anything in any amount to
anybody who will pay the price. We
are selling away our wheat because
the price is high, actually without
having taken stock of our own needs.
We do not know how much we have
sold. We may have sold already
more than we can spare. We are
selling the products Of our indus
trial plants without even thinking it
necessary to estimate the proportion
of our output which may be properly
sold. OF high explosives alone we
have exported since the beginning Of
the war 3. of billion dollars worth
to be shot away out of guns. The
equivalent amount of human energy
and money capital would have ere
ated American industries which
would have gone on forever produc-
ing and reproducing wealth. We
are selling goods at high prices in
unlimited amounts to people who use
them not in reproductive ways, but
for purposes of destruction. We do
rot stop to ask how much we can
afford to sell, nor do we inquire very
strictly into the ability of our Gus
toners to repay US. That will be
governed by the duration and out
come of the war
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-13
Texas Midland

Three years ago the Interstate
Commerce Commission set itself at
the formidable task of making a
physical valuation of all railroad
property in this country. Congress
directed it to do so. The purpose
was to determine once for all whether
railroads were over or under capt.
talized. 1t was supposed that the
truth would have some bearing upon
the question of the reasonableness of
rates. 1t was supposed also by a
great majority of persons that the
truth would run against the rail
roads.
The first statistical unit of results
has recently appeared. The subject
is the Texas Midland Railroad, line
Ill miles long, serving fertile part
of Texas. This property, the first to
be reported on by the Interstate
Commerce Commission, is found to
be worth 80 per cent more than its
capitalization. This fact has been
received with the separate emotions
f disgust, citation and amusement,
according to the point of bias. The
findings may be summarized as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-13
FINANCIAL MEETINGs

NOTICE OF SPECIAL MEsr'S'
STOcKHOLDERsO. c~,sass.
NOTICE is HEREBY GlvES II Hssf.
cial meeting Of the sioSAh%e on,spy va
ton Storage Terminal Soyerab<f. w,
c 9. mar No. 30 wes, street 81 se ~ ~.
Manhattan. city Of New S o,S, on 70 fssr
nos. ~ acting upon a propos' -.
with dissolve said Company ., fist IN
Dated, New f9'S 'w.ppEx. seefsfsr
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-13

thing, its function is beginning to be
much distrusted, and there is a pop
ular demand that it be interfered
with much more. Speaking of the
rae in the cost of living in Great
Britain, Francis W. Hirst, in a cable
message to The Tribune, says:
There is sharp distinction be
tween the results on the different
classes OF labor Thus. ordinary labor
is hard hit, but munition wages more
than compensate for the rise in
prices. The silver, silver plate and
jewelry trades are working at high
pressure TO fulfil the luxury demands
of the prosperous munitions work
ers. In these centres the shopkeepers
are clamoring for supplies. The
women generally have more money,
and are spending more than ever be-
fore,
And that is a situation determined
by price. OF certain kinds Of labor
needed in munitions work there was
a scarcity, which is the same as
scarcity of copper or bacon so far as
it affects the price. The only way
to get the labor was to raise wages,
which was to raise the price, and
that labor, having sold itself at
high price, has been able with the
money received to buy more than its
share Of food, and Injuries besides.
Is it fair for some English labor to
be able not only to feed itself better
than ever before, but to ornament
itself with jewelry, while other labor,
not having been scarce and not hav-
ing gone up in price, is obliged to do
without the necessary things? The
price determines it so.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-13

Figures compiled by the gas depart
ment of the city of Manchester, Eng
land, show that the summer time act
decreased the consumption of gas be-
tween o'clock in the evening and
o'clock in the morning BY l34.o00,00O
cubic feet and saved 1000 tons OF
coal.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-13

in England, where the science Of
political economy was invented and
where the price has been a sacred
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-13
Finance Economics

GARET GARRETT, Editor
WALL STREET OFFICE; - telephone
Mills building, Is Broad ST. Hanover ools
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-13

Value Of the Texas Midland
Railroad, rs of June so,
1914 Calculated as cost OF
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-01

and she said, ooh, of course, a swim
ming instructor will be in charge of
the pool after each class and the pool
viii be open every Monday and Thurs
day evenings and the members of the
gym classes will have use of the pool
without charge and a small charge
will be made for others.
The marriage of Miss Ella Mae
Jenkins and Mr.. Edwin Hardie Buford
of st. Louis will be solemnized
Wednesday afternoon at A o'clock at
the home of the brides parents, Dr.
and Mrs. L. A. Jenkins, on Twenty
seventh street.
Miss Joy Dovel will be the maid OF
honor and Mr.. Joseph Buford of New
York, brother of the groom, will act
as best man.
The ceremony will be performed yb
the Rev. L. S. Sanfell of Mount ver-
non church.
Among the out-of- town guests will
be Mrs. J. s. Buford, mother of the
groom, and Mr. Cornelius Buford and
Mr.. Herbert Srygley of Nashville.
~
Miss Joy Dovel entertained at a
luncheon at her home for Miss Ella
Mae Jenkins, who is one Of the popular
ides-elect. Il
and the following were among the
guests: Miss Jenkins. Mrs. l.. A. Jen-
llins, Mrs. w. w. Walker, Miss Maud
Peake, Miss Louise Suydam. Miss Daisy
Brown, Miss Julia and Miss Mable
Foley, Miss Ora Barfield, Mrs. Robert
Foster, Mrs. Wade Foster and Mrs
j. r. DoveL
Mrs. G. E. Woodrow will entertain on
Tuesday afternoon from 8 to o'clock
with a tea complimenting Miss Ruth
Montgomery, a popular bride-clect. who
will be married on Thursday evening
to Mr.. William Phillips.
Among those assisting Mrs, Wood
row to receive will be Miss Montgom-
cry, Mrs. j. A. Montgomery Miss
Elizabeth Handley of Knoxville, Tenn.
Miss Zelma and Miss Edith Craig, Miss
Marie Dorsey, Miss Lucille Lovett, Miss
Martha Plosser, Miss Nell Hopewood,
Mrs. Salter Mrs. e. B. league Mrs
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-01

Monday and Thursday evenings from
6 to 7 o'clock. and from 7:15 to SIS.
Miss Annie Laurie Sparks, Miss Carol
Wood, Miss Rosemond Hill, Miss Mary
Rumrh, Miss Selma Blank, Miss Irma
Blank, Miss Grace Delaney, Mrs. M.
j. Abbey Mrs. Ryan, Miss Durham,
Miss Quarrels. Miss Muriel Bromberg.
IF you are going to enter the class,
don't put off until the last minute to
register as the registration began last
Wednesday and / would be glad to as
sign the lockers and get things in
shape and we hope to make this the
biggest year we have ever had, both in
number and in results.
"The suits are pair of dark bloom
ers, q MILDLY blouse and, of course, a
pair of gymnasium shoes.
"The basketball teams will be organ
lied in every class about the middle
of the month and any one can enter the
class at any time, but it's very import
ant to begin at the beginning of the
terEl.
ANY, one who is interested the
physical department were cordially in
yited to the opening reception on
Tuesday evening from to 10 o'clock
at y oung, Woman's Christian associ-
alton BUILDING" A
We asked Miss Lum about the pool
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-01

f. ]. Gamm, Mrs. J. Y. Brame. Mrs.
f. .. Woodrow of Bessemer. Mrs L. S.
Eviiis and Mrs. H. A. Howell.
Miss Marie Dorsey will entertain Miss
Ruth Montgomery and Mr. William
Phillips on Wednesday evening at her
home with a dance and buffet supper
following the rehearsal at the church
for 5their wedding, which will take
place on Thursday evening at the Vine
Street Presbyterian church.
There will be meeting of the execu-
tive board of the Drama league Tues
wiler.
The free kindergarten of the Church
of the Advent will open tomorrow
morning at 8 o'clock. All children I'M
der years of age will be admitted
free. Miss Ella Charles, who had the
work in charge last year, will again
continue the work, assisted by Miss
Martha Middleton of Tennessee.
The Birmingham chapter of Monte
vallo. students will held an important
business meeting Saturday at o'clock
10.
are urged to attend.
The Twentieth Century club will hold
the first meeting Friday afternoon at
$50 o'clock with Mrs. c. B. Smith, 1928
Nineteenth avenue, north. Those who
have not received the year book may
get them at the public library
Miss Josephine Zinszer has been APP
pointed as sponsor for the Henry D.
Clayton chapter of the Sons of United
Confederate Veterans at their annual
state reunion to be held in Gadsden
on October IL and IL. Miss Lucille Mar
tin will act as her maid of honor.
Miss Heller Lane entertained at a
dancing party Friday evening at the
home. of Mr.. sand Mrs. Fred Thomas at
Fountain Heights. Among the guests
were Miss Ruth and Miss. Lenora Tin
CONTINUED ON Page Two)
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-10-01
E m G A G ID M E N T s.
Pippin-SnoWl

Pippin-SnoWa
Wills
Gena Mae to Mr. Clyde Alexander wedding
u.s. ~
Bradley-Taylor
Grady
u
Thomas Murphree
0 10 ~ = Z
.ThOrnton-Smms
Dr. Mrs Taladega
to Mr.
+ N c. wedding
Hodge-Curry
a
Kirby-Strange
NJ their