davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1916-12-31

From on address deIivered before
tho American Economic Associ1-
ton at Columbus, Ohio
OINCE the beginning Of the war
the United States has made a
~ net gain Of gold, according to
Treasury estimates, Of approximate
ly $500, 900, 900, or about al per cent;
the state banks of six neutral coun-
tries of Europe, viz: Norway, Swe-
den, Denmark, Holland, Switzerland
and Spain, have gained 1884 900, 900,
or about 139 per cent. In all, the
neutral countries have added ap-
proximately S1,184,0O0,O00 to their
gold stocks. Japan, which, although
a belligerent, is commercially rather
in the position of a neutral, has
added S42,000,000 to the reserves of
her national bank.
While these gains we're being made
elsewhere, the belligerent countries
of Europe have not, on the whole,
lost gold. The Reischsbank, of Ger
many, has increased its holdings
since the war began from about
1915. .00O.0 900 70 about S625,000, 900.
The larger part of this gain is un-
derstood TO have come from gold
coin, ornaments, plate, etc, turned
into the bank by the people Of Ger
many in exchange for the bank
notes, but portion of it may have
come from the Bank Of Austria
Hungary, which at the outbreak of
the war held about S250,000, 200 and
has published no report since. The
Bank of England holds on its own
account about SIS 100000 more than
at the beginning of the war, and
also holds about s142,000,000 as a
redemption fund against the ex-
chequer notes. Inc BANK OF rance
holds in its own vaults about the
same amount of gold that it held
at the outbreak Of the war, and also
shows in its statement gold holdings
or credits abroad amounting to about
$175,O00,OOO. The latter probably
represents its contributions to the
Allied pool. The Bank of Russia
also shows large gold credits abroad,
and although for a time it showed
more gold in vault than at the be-
ginning Of the war, it now shows
about $25,000,000 less than at that
time. The Bank Of Italy has lost
about s30,O0O,000.
New-York tribune., 1916-12-31
which IS

The boil wl the first made its appearance IN
1892 shown the above diagram the IN
black I9O0 the
the State OF ea and crossing the
the Southwest grown while march has
sfrontEn
Georgia taking agoodEc Of Florida OF the south
black the dotted which marks
approximately which to-day still free from the
pest
New-York tribune., 1916-12-31

~ HERE is a popular song from
comic opera now going the
rounds, the refrain Of
which is
Some day
A little bug
Will get you"
Now. that is what has happened TO
the cotton belt Of the South. and it is
a serious and important enough mat
ter TO be chronicled in the history Of
that section. This is how it came
about:
For some centuries back the life
Of the South was bound up in the
raising Of cotton, and its social and
economic existence was largely pred
icated on that fact. This misfort-
une. for such it proved to be. became
riveted upon the South with the in
PRODUCTION Of slavery. For its sue
cessful production cotton requires
several requisites; a fairly fertile
soil. ready and economical access TO
market. a climate free from the late
New-York tribune., 1916-12-31
Spain Acts on
Food Problems
Government Is Given Au-
thority to Seize Supplies
if Necessary

The Spanish government, Consul Cen
oral Carl Bailey Hurst, Of Barcelona.
reports, has just enacted a law whereby
it is hoped the many problems arising
from the scarcity and high price Of pro-
visions will be solved.
By the law OF February IS, 1915, the
Spanish government was authorized to
take certain measures in connection
with the provisioning Of the country
with alimentary substances Of frst no
cessity and OF raw materials, both in
the interests Of the national food sup
ply and OF manufacture and agriculture.
These measures were temporary and, in
view Of the continuation Of the war,
the law, limited TO twelve months, was
extended for another year-that is.
until February 10, 1917. The circum-
stances under which the law was drawn
still exist, and show no signs Of change;
in fact. the difficulties Of provisioning
the country have increased, and the
government finds thn, in order to prop
erly meet the situation its powers
must be extended.
New-York tribune., 1916-12-31
Optimistic After
Two Years of War

At the end of two years of war
financial optimism in France is
equal to the political and military
optimism. If any one had predicted
at the beginning Of the war that at
the end Of September, 1915, the
French government would have
opened credits to the amount of
more than fifty-fve billion francs
(S10,000,00O,OO0) that those credits
would probably amount at the end
Of December 90 seventy-three billion
francs (s14,000,0OO,0O0), he would
have been considered madman and
that opinion would have been SUP
ported by a quantity of arguments
founded on facts. Nevertheless
those expenses have been borne and
the country is ready 10 bear others.
The experience Of 1870 had not
been favorable for the issue of
Treasury notes. 1t was considered
that they were reserved for a spe-
cial and very restricted clientele.
Nevertheless the government has
been able to issue about ten billions
Of Treasury notes ($2,OOO,OO0,O ,OOO)
and continues 10 be able 70 place
them easily. Persons who own CAP
ital and wish to keep it available
willingly take up those notes. They
have had far greater success than
the bonds Of the National Defence
cf which about three billions Of
francs have been placed.
When appeal was made TO persons
owning gold to come and exchange
1t for bank notes or National De-
fence notes, it was thought that in
this manner $50 million francs
Cs5O,OOO,OOO) might perhaps be col
lected; the most optimistic doubled
the figure. The amount collected
has reached nearly l,4OO million
francs (S27O,OOO,OOO).
Eloards Cash and
Pleads Poverty
And yet there is some IN reserve
a solicitor was telling me about a
'armer's wife, whose business he
Knows very well, and who is ALWAYS
pleading poverty; he said that she
must have in her house from 1000
to 5000 francs, probably in gold and
silver. know an old cook who has
no direct heirs and hence no interest
to economic, and who has a little
hoard to which she has added about
1000 francs since the beginning of
the war. She will listen to no talk
about National Defence notes or ;
per cent rentes. She boards Up gold.
silver and bank notes, and is not the
only one.
A fnancier who has imported a
great quantity Of foreign securities
20 France thus summed up the re-
suit of his experience:
IL IL not true that France is the
foremost banker OF the world and
who owns as much as capital as
Great Britain or the United States
But il is the country where there
is the most available capital. The
capital Of GrGat Britain is alb
sorbed by her colonies. her navy
New-York tribune., 1916-12-31
Distribution
Of Capital
in France
By YVES GUYOT

From an article printed H THE
annals" Of the American Acdd-
eng Of Political and Social
Science, Philadelphia. November,
1916I
TTHERE are somewhat over eight
million owners Of lands and
houses in France. If we
multiply the number of members OF
the family by four, a very moder-
ate estimate, we find that more than
32,0O0,OO0 persons are interested in
the ownership Of a house or some
ground, generally both.
Personal estate is no less di-
vided. The capital OF the Bank of
France is very much broken up it
self; its $4,000 shares belong TO
32,700 shareholders; the 100000
shares of the Credit Foncier belong
TO 1880 shareholders. The So
ciete Generate has more than l00,-
600 shareholders; those Of the
Credit Lyonnais. of the Compton
d'Escompte. can be counted by tens
of thousands.
On January 3. 1913, the 657
millions of per cent state funds
were thus divided between 4,443,-
600 inscriptions:
Amount OF
Nominati'e Inscriptions ..-.. l.3i5bi6 Dlfl3.6I5
Bearer inscriptions ......... :oosSF iss306.5l9
The most numerous among the
bearer inscriptions are those Of 30
francs, numbering 663,747; then the
20 francs, numbering S95,613; then
80 francs, numbering 278,1O9. The
300 francs number only 1892; the
1000 francs 19,457. and the 5000
francs 1924. The railroad com
panies' bonds also belong to a great
number Of small bearers.
Once the French small capitalist
has got the income he has decided
upon for his needs, he feels great
delight in reinvesting the surplus.
If he receives payment of a bond, he
hastens to use the sum for a new
investment Out of the three or
four billions available at the close of
each year several hundred millions
are used for repairs, construction,
rural, urban, or industrial improve
ments. Some hundreds of millions
may be invested in mortgage loans
and in insurance premiums; we may
consider that 1900 millions to two
billions remain available for secur-
ity purchases.
New-York tribune., 1916-12-31
Prices May Be Regulated

The new law embodies the provisions
Of the law OF February l8, 1915, and
authorizes in addition the acquisition
bv the Treasury Of slimentary sub
stances and raw materials and their
sale at regulated prices. Furthermore,
II conditions warrant, the government
may seize and appropriate the articles
mentioned and fix their price as well
az that Of their transportation by land
and water. Cereals and fuel may be dis
tributed throughout the kingdom IN
whatever manner considered best, and
when the interests OF the country de-
mand. contracts may be suspended.
Mines, gas works, and all fuel-pro-
ducing establishments may be seized
II other means fail to bring about
normal quotations for their products
The government may adopt whatever
measures are considered advisable with
regard TO Spanish vessels, even includ'
ing their seizure with the object OF
restorine them to the domestic SER
vice. regulate freights, and suspend
the law which reserves the coastwiss
trade of Spain TO vessels of Spanish
construction under the Spanish nag
The owners of the mines or vessels
seized will be indemnifed.
New-York tribune., 1916-12-31
Owners To Be Indemnified

Alimentary substances and primary
materials may be seized and stores AMI
warehouses partially occupied, but
business will not be interrupted in
the unoccuped portion Of the prem
ises. Owners will be indemniied Tor
the merchandise as we'll as for any
damage done.
A board, consisting Of the civil gov
ernor Of the province, the president
Of the court, delegate from the
Treasury, and the Mayor OF the capital
Of the province. in accord with the
town council Of the interested muni-
cipalities. shall decide on the necessity
Of seizure and appropriation Of pro
visions and the occupation OF any
premises. The price of merchandise
and amount Of indemnification shall be
fixed by the governor Of the province
The chambers OF commerce or Of agri
culture, and whatever other authorities
the civil governor may desire to con-
suit.
New-York tribune., 1916-12-31

after the war
The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1916-10-08

echurch organizations as church organ
Iizations start down town to run the
lefty government, they begin wearing
| Iclothes that do not fit. The church
| has it's work to do, but it soon begins
humping stumps when it starts out to
| do police duty in any community. That
| thing has never failed. 1t heaps upon
| itself and it's over-enthusiastic mem
bers hearty disfavor and straightway
loses much of it's usefulness as an
agency for good.
Think of the Sunday spasms that a
good sister or a good brother can
throw about candy and soft drink sell
ing! Spasms of this kind get hold OF
communities sometimes, but they new
or result in any permanent good. 1t
8 lways makes other laws unpopular
and disrespect and disregard spread
rapidly among the very people with
cut whose cooperation the work of
the whole prohibitive machinery is
iarcical.
Might just as well stop the trains
from running through on Sunday, send
the cooks back home on Sunday morn
ing, and put out the breakfast fires
Remember what the Bible says
about man and the Sabbath? 1t Isn't
wrong to sell or buy a refreshing, cool
drink or a cigar on Sunday. The drug
stores do not appear over anxious to
operate on Sunday, but the people
,7ant them open. They are going to
Lave them Are we wrong?
1t will not add to the usefulness OF
cur church organizations to insist that
his be made an issue in the munich
al primary. Nobody will give such
Z movement serious consideration, I'M
.ass it be to double assurance that the
blue law" man is defeated. The
hurch organization comes out of the
roll a weakened body, not as capable
f doing good as it was before the
ght, and many of the faithful cannot
understand why they failed to elect
his or that good man.
The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1916-10-08
!oFFlclAL ORGAN CRISP COUNTY
HERE'S OUR CHANCE.

Under the federal aid act Chairman
IT. E. Patterson of the state highway
commission is now sending out blank
forms to the various counties for in
formation on proposed improvements
in roads and bridges. Upon this form
the counties will submit their projects,
setting forth the names of roads, their
length, the points connected, the num-
berzof Bridges, and their location and
length. The counties are to bind them
selvesyto do the work to be paid out
of the federal fund under the super
vision of the state highway commits
} sion and the counties are to maintain
roads and bridges constructed in this
manner after they are completed
I The planssto be followed by the state
highway commission in the matter of
spending the state fund to us are not
familiar, and are probably not fully
revealed as yet, but citizens of Crisp
county ought to keep close watch and
devote some of this money to the con-
struction of bridge across Flint riv.
er at the proper place, if it ever be-
cc0mes possible to use as much of the
I federal fund in this manner as it will
t9take to construct this badly needed
bridge.
u Here is a special road fund coming
otto us and this need ought to be met
DIFF there is the slightest opportunity.
9)The wide awake citizen of Crisp coun-
ty will not let this opportunity slip.
y We have lived many year without
, a creditable way of getting across
u Flint river, but we have never agreed
that it is wise thing to cripple traf
j flc in this manner. and we know now
0that development of the country along
j the river on both sides has been very
! rapid in recent years. Travel between
y Cordele and Americas alone would
justify the construction of the bridge
J if there were no other. The enormous
} tonnage of farm products from out
} this section and the enormous ton
! mage of supplies going back to this ter
ritory require a way across the river.
= Every business requirement calls for
it, 1t is worth working for. While
the federal fund is looking for good
work to do, are we energetic and far
sighted enough to realize that now is
the time to be up and doing?
The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1916-10-08

Swainsboro school trustees have
laid down rules prohibiting the teach
ers of the system from attending So
cial occasions the first five days in
the week. They have likewise order
ed the children away from the movies.
BY the time this new rule is pretty
we'll norated around, these school Of
ficials ought to be able to have good
applicants for the teachers positions.
And as for the children, some of them
will have to stay in for breaking the
movie rule, if they are plain, natural
children.
The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1916-10-08
EXTREMES ARE BAD.

Next month the citizens of Cordele
are to elect a mayor and three mem.
bers of the city council. 1t is to be
an event of community wide interest,
Everybody will have part in the con
test and it will afford abundant amuse-
ment for the less serious and great
concern for those who imagine that
the destinies of the universe depend
upon the outcome AS for the candi-
dates, theirs is an unwritten chapter,
but everything points to very lively
tilt for the places. Every Office to be
filed promises more than one candi-
date.
The issues are so many and so i'm
portant for the welfare of the com
munity that they ought not to be men
toned in any sort of frivilous man
ner. These will be thrashed out on
the curb corners and in the streets
at the political meetings and by the
supporters of the various candidates.
There is one issue mentioned quite
frequently however, that ought not
to be allowed to turn a municipal cleo
ton here or anywhere else. We refer
to the Sunday closing of the drug
stores and eating places. There is a
constant effort now in the shutting
of the cards to get this candidate and
that to promise to have the drug stores
closed, the restaurants shut up on
Sunday and hundred and one other
CORDED f "a.
The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1916-10-08

Our neighboring city, Triton, is ank
bilious for costly packing plant. 1t
deserves to have everything it wants
for it is industrious and progressive
enough for the best, but Triton and
Moultrie could never operate big pack
ing plants so close together. Moultrie
is developing an industry that ought
to care we'll for all south Georgia in
the matter of furnishing atmarket for
home raised hogs and cattle. How
ever. if there is room for the Triton
plant, this will mean a better price
to the producer.
The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1916-10-08
necessarily.

necessarily.
The world is calling more loudly
than ever for our finished products.
We have the wealth now to erect and
operate our own plants and home cap
ital must take the initiative, 1t is
the home money that must now and all
the time serve as sponsor for home
industrial development. That will be
our new turn of affairs. 1t has been
necessary all the time. Since there
has been no very considerable local
wealth in past years there has been no
rapid industrial development, but the
wealth is here now Let us make
room.
The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1916-10-08
The statement of Hon. O. H. B.

The statement of Hon. o. H. B.
Bloodworth regarding his opposition
to Judge Price Gilbert for the SUI
preme court and about his defeat for
the court of appeals in the state dem
ocratic convention is worth reading
He can talk just like a man in the
face of defeat Few of them get turn
ed down as he was, and few of them
can contain themselves so well.
The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1916-10-08

Numbers of those who shouted Hugh
Dorsey into office are impatient and
want to see him performing before
time. He has asked them to let him
alone at least until he is inaugurated
as governor. When he assumes au-
thority, if duties run as they usually
do in the governors office, there will
The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1916-10-08
HOME CAPITAL TO FORE.

1t has been custom in Cordele for
ears to suggest ways of developing
manufacturing interest here. Every
esident of long standing has amused
himself over and over again with this
nd that suggestion. But those who
now the real reasons for the slow
development of industrial interests
ave been inclined recently to watch
mother turn of affairs,-a new turn.
)nly one or two plans for bringing
ng plants and other establishments
ave been offered in the past year, but
n that short period things have been
hanging so rapidly that these and
he older suggestions have been for
often.
1t has been hurry.-a scramble and
rush,-to get off the actual business
n hand. Since summer the increase
n business activities has been so
'apid that it has taken everybody by
omplete surprise. Some of the To-
al business houses have been so
pushed that they have half the time
rad neither the goods nor the space
take care of the actual heavy de-
nand made upon them.
During the very short period of time
money has poured steadily into the
community. The banks in their recent
statement revealed in but a small way
hat there is wealth here far greater
Than ever before. We have more mon
~ that belongs to home people than
we have ever had, no season excepted.
That wealth will not diminish. 1t will
grow and as it piles up those who
have it must find investment. 1t can.
not remain idle. Good business men
10 not allow their money to remain
dormant 1t must be working.
When there is such an increase as
will require those who possess our
ioooI ,,.ooI+1, IN ooc+ ,.Novt 20 End ,,,orl-
ing room for their money, then we
will have the local industries and man
ufacturing plants. In other cities that
mas been the way that the factories
came, grew and became useful. Il
was home capital that built and OPP
Grated the industries and in Cordele
this must likewise be the case.
We have the wealth now that mus
turn our wheels. Added to more
wealth it must erect the brick walls
and place the spindles for our local
cotton mills. for they are coming. The
Bib Mills. probably the largest cot.
ton mills in Georgia. just yesterday
added a million dollars to the capital
stock in a Macon meeting of the di-
rectors out of the surplus earnings
of the mills. Down in Albany the
pHaNF ros Ill
The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1916-10-08

Hughes agencies have tried in a
number of ways to make capital out OF
President Wilson's disposition OF the.
railroad strike of several weeks ago,
hut a recent claim is that many peo-
nile in the south are displeased. II
Hughes dope on winning republican
victory everywhere is as erroneous as
this, there will be but little more than
one side to it.
The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1916-10-08

All of the Georgia troops are now
ordered to the front. That's the Tex
rs border, you know, and great joy
is shown by the Georgia trooper now
Unframed at Camp Harris. No guards
nan expects less than a barrel of fun
On the trip.
The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1916-10-08

Railroad building in the north is
not so pleasant, so the negroes who
have returned home say. Hundreds
of those who went out to do track
work for the Pennsylvania railroad
have returned, glad to get back. The
north for the negro is cold in many
other ways than in simple tempera-
ture.
The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1916-10-08

Albany threw open its handsome
new city auditorium Wednesday even
ing. The entire city is happy over
the completion of the structure.
The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1916-10-08
How To Boost Mail Order Houses.

South Georgia Progress Stock in
the Sears & Roebuck company was
quoted Monday at 213. Every mer-
chant who fails to advertise and keep
his local trade at home helps little
to make the S. & r. stock worth what
it is Think about this little, Mister