davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-03

is, to 1,5OO,OOO,OOO to 2,75O,OOO,O0O
marks ($375,OOO,OOO to $687, 300
OOO)-are included only in part, and
the same is true of the credits fire.
quently advanced on account of m
ports. Taking the figures as they
stand, they give total foreign in
vestments by Germans in 1905 Of
about 24,OOO,OOO,OOO to $4,000, O0O,-
600 marks, or, say, $6,OO0,00O,OOO.
The net increase was estimated in
1913 at S200,0O0,O00 to $300,000,-
900 year. On the basis Of these
figures, German foreign investments
at the beginning of the present war
may be taken roughly at $500, OOO,-
900 or $6,5OO,O00,O00.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-03

to be but the means for attaining
national ends, and must be placed
in the service Of national labor :;
and, again: Furthermore, in cases
where the purpose of the loan per-
mits it, such pressure as we are able
to exert should be brought 10 bear
in order to provide in the loan con-
tract that any orders for works and
contracts, the expense of which is to
be betrayed by the loan, be placed
in Germany, in the interest Of our
industry"
A recent writer says:
In France an express stipulation
is often inserted in loan contracts
between the banks and foreign gov
ernments that the latter shall order
part Of the equipment which they
require in France. II was recently
proposed TO render the insertion OF
such a provision compulsory. Tho
following paragraph in "The Man
chester Guardian" also indicates that
the practice of specifying where the
capital goods shall be purchased Is
not confined TO France:
"The Lower Austrian Discount
Company has granted the Chinese
government loan of 100000 81
100000, China undertaking TO give
the Poldihdtte Cast Steel Works dur
ing the next ten years an order for
tool steel, rifle barrels and gun parts
for an amount equal to that Of the
loan. The Poldhdtte works will es-
tablish a branch at Picking"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-03
Trade Goes with
the Money

There is a close relation between
this ownership and the export Of
material. 1t is said "in the case of
a certain Indian railway in 1857
that the expenditure in England was
little more than two-thirds Of the
whole capital. while somewhat less
than one-third was spent in India.
The expenditure in England was
chiefly on iron and timber" An
English railway secretary calculated
in 1909 that out Of certain invest
ments in South American railways,
amounting to s12,OO0,OOO $4,000
000). SO per cent, or 100000
(S20,OOO.OO0). had gone abroad in
the shape of materials trails, loco
motives, etc. manufactured in the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-03
Administrative
Mediation Suggested

Assuming that Mexicans and
Americans-as we'll as all other par
ties in interest-want, or ought TO
want, to apply to this neutral zone
the benign power of civilizing organ
ization, the thing to do is TO invoke
the idea of executive arbitration
or if term still more suave is pre-
ferred, call it administrative media
ton.
The authority that should govern
the cleared space with free hand
call it by any name you please and
constitute il in any way that may be
most conyenient-should be in eff
feet a sort of receivership for civil
zation at large, commissioned TO do
what everybody wants done, but
what the shadowy sovereignty Of
Mexico is unable TO do, and what
cannot be done without more fight
ing than is necessary by the SOW
ereignty at Washington. The points
that should be insisted on are these:
First, that the personnel Of the re-
ownership should stand related TO
their job as Shuster stood TO his
work in Persia. They should repre-
sent no country foreign TO Mexico,
but should be simply civilizers, ad-
ministrators-cont with a fair
wage, not necessarily small, and en-
crossed like a Cocktails, Gorgas or
a Hoover in the business in hand.
It might be an excellent thing to in
clude an Englishman, Frenchman
and German in this directorate.
Second, they should understand
that it has come to pass nowadays
that the new kind Of government by
the administration of credit-power
can create finer and more forcible
mobilization Of human energies than
/ is possible to any old-fashioned gov
eminent by taxing power. Their in
stitution of authority and social con-
troll should therefore have the char.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-03
FOREIGN COUNTRIES

After giving this table, Sir G..
Paish added that of Great Britain's
total colonial and foreign invest
ments SO per cent is in the Amer
icas. l6 per cent is in Asia, Ia per
cent is in Africa, y per cent is in
Australasia and 3 per cent is in
Europe. The geographical distribu-
ton Of these investments over the
various continents is shown by the
following statement:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-03
Argentine Loans
Barred by French

The French Ministry Of Finance,
by an order of 1880, assumed the
right to forbid the quoting OF for
eign loans on French bourses and
TO exclude transactions in any for
eign security. This regulation was
nominally intended to give French
investors some protection against
fraud, but it is also used to get ad-
vantages for French industry.
In 1908. in a competition between
the Krupps and the Schneider works
at lie Creusot, France, the Argen-
tine government gave Il preference
to the Krupps which the French
company thought unfair. As a re-
suit, the French government, about
the beginning OF 1909, forbade the
listing on the Paris Bourse of the
Argentine internal loan of 1895, and
also of an Argentine loan which was
TO be placed on the Paris market
through the Barings. Another ex-
ample is the refusal Of the French
government in 1909 to admit a Bull
garian loan, because no orders we're
to be placed out of it in France.
This loan, hundred million francs
(s20,OO0,OOO), was taken up in 1910
by a German-Austrian syndicate. but
was only admitted to the German
exchanges in 1911, after Bulgaria
had consented to a series Of COM
mercial agreements.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-03
WHAT ART, SCIENCE
AND TOOLS MIGHT
DO FOR MEXICO
Country Offers Plenty of Raw Material Out
of Which to Build Up a Solid
Structure in Civilization

aver VI CebIrhI Ddnk-Operating
as our twelve Federal Reserve bsnk,
are supposed to operate, not primar.
lily in the interest Of those who fur.
nish the initial capital, but subordI.
mating that interest 70 the deyelop-
ment Of the industrial forces Of thu
community, fully understanding. o,
course, that banks are able TO lend
five times as much money as they
have, simply because they are res.
ervoirs of the latent productive
powers Of the commonwealth.
A Good Test for
High Finance
1t will be fine TO see what high
finance can do for q country when
it really tries. There is a fighting
chance that a dollar or a days work
may be made TO buy more in Chi
huahua than in any other place on
the planet.
Surprising, therefore, that the 70
ownership in the Mexican neutral
zone should turn out TO be success
and why should il not be? A finan.
cial system that sets out 70 build
pleasant cities and subdue the earth
can blunder egregiously and yet beat
at that game the financial systems
that have quite different aims), tbs
consequences might be momentum
They would have bearings on the
hope Of the worlds peace and order.
But it is easy to foresee that the i'm
mediate consequence would mos.
likely be steady advance southwark
of the southern frontier Of the neu-
trial zone. 1t need not stop short Of
the Isthmus.
) Here is the general moral. Take
tor leave il, if you feel that ia.
( tigue in the presence Of the large as
/ poets Of life which Bagehot attrib-
utes TO the cultivated classes. The
moral is that the inner and ire
sistible powers Of government res.
not in military force, but IN the con-
troll Of elemental forces, and that
America can, if she will, conquer the
world and deliver il from confusion
and war-by tool-power - using
meanwhile on occasions little mill.
tary constraint with her left hand.
Also il is to be noted, by those not
afflicted by intellectual fatigue, that
this very modern kind of govern.
ment by the administration of credit
"a kind of government hitherto all
too invisible in its political opera
tions-needs but to rectify and clar-
ify its rousing spiritual implications
in an open field and in broad sun.
light, in order to prove, even 10 the
! tired business man, that the admin
istration Of credit, as a regenerativs
political principle, is soon or late
destined TO reduce the administrs.
ton Of justice as conducted by ex.
listing states to merely vestigisl pro-
portions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-03
Belgium Was
a Lender

Belgian foreign investments IN
1911 were estimated at 2,700,0OO,OOO
francs, or about $540,000,000. For
eign investments Of Switzerland are
estimated at about 1902, 100000
francs $780, 100000. The foreign
holdings of the Dutch are consid-
cradle. The capitalists of Austria
Hungary have such holdings, and, of
course, no country lacks them alto
gether; but no other country has an
amount comparable with the hold
ings of the English, the French or
the Germans.
Large fixed investments in foreign
countries have grown chiefly since
1850. This is the period Of the great
development in the iron and steel
industry and of the vast consump-
ton of iron and steel in fixed plants;
first railroads, then tramways, wa
ter power and electric developments,
mining and miscellaneous machln-
cry. The flow Of capital Is very
largely from industrial to agricult-
ural states. 1t moves largely in the
form of rails and construction ma
terial, railroad equipment and ma
chinery, though other manufactured
goods also play an important part.
The capital ownership which
energies, vested in citizens Of the
capital-exporting countries, is chiefly
in two forms: State and municipal
bonds, and shares and bonds Of rail
road, public service and, to minor
extent, manufacturing companies.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-03

The Australian Tr~yeller' con-
ments upon the increase IN the ~
portation OF cotton cloth from w
United States during the fiscal ye"'
stating that American goods are rep' y.
ing those Of European origin. AeeolIsI
ing to figures supplied by .Commne,ws.sji..
Attachs Philip h. Kennedy, OF ~
bourne, Austrslis's cotton elo,n ~
ports from the United States tot a.
hscai ear ended July !, 1910 to's' -
81 7OS. 90 In value. IS eompAIeu
sSsO,S2O for the preceding t"s"
month.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-03

According 20 the estimate Of the Min
ister OF Mines. the 1916 mineral produc-
tion OF British Columbia will be worth
between 100000 and 10000 900. This
will be about e3,000,000 in excess of
the production Of 1912, which was the
best previous year in the history Of
the province.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-03
Nations, Young, Old
OF Improvident, All
Could Get Credit
Provided Til ~
Spent 1t for Goods
in That Shop-A
Study in Foreign In
vestments by tn e
Federal Trade Com
mission.
\ view Of the enormous rate at
which the United States now IS

TN view Of the enormous rate at
which the United States now IS
- exporting capital to foreign
countries. especially Europe, where
always before it had been itself a
borrower. and as our career IN IN
ternational lending is forced upon
us by necessity and is pursued with
out any theory Of results, the chap
ter on Foreign investments" IN
the Federal Trade Commission s
new work on Cooperation in Amer
lean Export Trade" is extremely in
teresting. From the beginning OF
the modern economic civilization
Europe has been lending capital TO
the rest of the world. This is a
discussion Of Europe's investments
in other countries.
AS it was in England that the
modern growth Of large amounts Of
disposable capital began, English
men were the first 10 make large
investments outside their own coun-
try.
At the meeting Of the Royal Sta
tistical Society in December, 1910,
Sir G.. Paish gave an estimate OF
the public securities then in British
hands, based partly on income tax
returns and partly on examination
of the reports, balance sheets and
income statements Of several thou
sand companies; indeed, Of all Brit
ish companies working abroad about
which official information could be
obtained. The estimate is sum
married in the following table;
Public securities in British hands al
the close of 1910, estimated;
THE COLONIES AND INDIA
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-03
By CHARLES FERGUSON

IAuthor of "The Great Ners,"
etc. Commissioned by President
Wilson in f91S-I4 to Investigate the
relation Of the business system 70
the government in tho principal En-
Yopean countries, and in fSfL-I5 TO
communicate his findings on this
subject TO American business COM
munities.
As to Mexican reconstruction,
everybody in that country that de-
serves TO be considered wants what
all reasonable Americans want, TO
wit: A development of the material
resources Of the land in a manner
that will develop the human re-
sources also. What is desired is civ
ilization. And civilization means, |
suppose, the dragging out of nature
of the maximum use-values with the
minimum man-strain. The problem
is to increase the purchasing porer
Of days tcork.
1t is a problem of organization, of
course-since million men with the
aid of organization can achieve not
merely a million times as much pur-
chasing power, but, say, ten million
times as much, as can one man go
ing it alone. And be it understood
that purchasing-power includes
about all that sensible men mean by
liberty, including-let us add, in def
erence to we'll known Mexican sus-
ceptibilities-the right to loaf,
though not necessarily the right to
take pot shots at ones neighbors.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-03
A Misconception
of Liberty


Now, the main obstacles TO the So
luton Of this problem OF organiza-
ton in Mexico are two. First, an
ancient political superstition, still
strong in some parts of the United
States as we'll as in Mexico, that
liberty consists in not having any
organization at ala demurrer
which should, / submit, be ruled out
Of court. And the second obstacle is
a financial superstition, not quite so
ancient but equally decrepit and
equally unbelievable, that all or most
of the gains and honor that accrue
to organization Ito wit, the nine
million man-power aforesaid) ought
to go to the fnanciers.
These two objections being cam
celled, the organization problem be-
comes compassible. In fact, the
present situation in Mexico presents
a rare, an unprecedented, opportu-
nifty to see just how high the COM
mon standard Of living can be raised
in a clear space. with our present
equipment of art, science and tools.
Our Uncle Samuel having come TO
the end Of his patient sufferance Of
the continual laceration on his south
west side. should now stretch out his
arm and push away the Mexican
frontier a little bit. The army en-
gineers should fine a new defensible
frontier and arrangements should be
made to take possession of it and 10
hold it against all unfriendly corners
from the southwark.
Thus we shall have neutral zone
not too narrow-a derelict section
Of planetary space tit fo- the appli-
cation of that fruitful principle Of
receivership.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-03

Bnam fregn
miroh business
nhkuegna in
oansh Fslcy complete
ahI u
mtGe." FIerdeM kwnb d t
Hopkinsville Kentuckian. [volume] (Hopkinsville, Ky.) 1889-1918, 1916-02-10
PROGRESS WAS
MADE TUESDAY
In Putting Through The PreSi-
dents Defense Pro-
gram.

Washington, Feb. 9.-CongreSs
made progress Tuesday on national
preparedness measures.
The senate military committee
closed its hearings on the army bills.
The senate naval committee reported
favorably bill for a government
armor plate factory, and recommend
ed immediate passage Of two emer
gency navy measures which passed
the house Monday. On the house
side of the capitol the naval commit
tee virtually concluded the examina-
ton of Rear Admiral Blue, chief of
navigation, while the military COM
mittee received the proposals of the
American Red Cross for greater gov
eminent aid in Red Cross prepared
ness plans.
During the day the military COM
mittees of both houses heard delega-
tons of pacifsts, who argued against
any army or naval increases.
The most striking statement brought
out at any of the hearings was that of
Admiral Blue, who declared the
American navy now was ready to
meet any enemy it might be called
upon to encounter in the Pacific. He
declined to say what steps had been
taken in the last year and a half
toward preparing the navy against
emergencies, holding these to bemili-
tarY secrets.
Hopkinsville Kentuckian. [volume] (Hopkinsville, Ky.) 1889-1918, 1916-02-10
OF LATE
EBERT BARNES
All His Property Left to His
Daughter, Mrs. Joe
Fruit.

The will of the late Ebert M. Barnes
was probated in County Court Tues
day. The instrument was written
August %, 1902.
To his wife he left his farm of 274
acres, during her life and at her death
this property goes to his only child,
Annie F. Barnes now Mrs. Joe
Fruit. There is a provision that
should his daughter die without issue,
the property is to be given to the Bap-
fist Orphans Home at Louisville, but
by a codicil dated Fdb. "a, 1914, this
is made null and void. All personal
property is left to his wife and his
brother, William II. Barnes, as long
as they live, and at their death this
also goes to his daughter.
Mrs. Barnes and his brother, VIM.
ii. Barnes, have since died.
Hopkinsville Kentuckian. [volume] (Hopkinsville, Ky.) 1889-1918, 1916-02-10
Our Neighbor's Taxes.

GAINESVILLE, Tenn, Feb. 9.-From
a compilation prepared by County
Trustee Slaton, the following facts
relative to the taxable property, its
valuation and amount of taxes due
from all sources is obtained: The
number of acres Of land in the county
is 1874, 1863; number of town lots is
3,OO7, valued at $3,027, 1886; amount of
taxes due the state, S25, lsO8O; the
county tax amounts to $2l, 5S3 SO; the
school tax amounts to S28, 778.08. The
city receives 1888 per cent of the
total school fund collected. The total
amount Of taxes collected is Sll7l-
1880
Hopkinsville Kentuckian. [volume] (Hopkinsville, Ky.) 1889-1918, 1916-02-10
Prohibition Amendment Called
From the House Com.
mittee.
LONG DEADLOCK is BROKEN
"Wets" Are Accused Of Block
ing Advancement of
Legislation.

Frankfort, KY, Feb. 9.-The Ham
ilton bill, for the submission of a
statewide prohibition amendment,
was called from the house committee
on constitutional amendments and
given its first reading at length and
placed in the house calendar Tuesday.
This action broke the deadlock for
which nearly ten days has been block
ing the advancement in the house of
all legislation except platform meas
ures. In the brief debate which pre-
coded the advancement of the state
wide bill this morning, both factions
accused each other of responsibility
for the protracted delay.
The matter was brought up in the
motion period this morning, when
Representative Howard, of Woodford,
moved that the sense of the house be
taken as to whether the committee on
constitutional amendments had had
the Hamilton bill a reasonable length
Of time. Under the rules, the house
by majority vote can call any bill
from committee after a reasonable
time and consider it as though it had
been reported without expression of
of opinion.
Representative Hobbs spoke against
the motion, declaring that the "drys"
were to blame for delays in the bust
ness of the house,
A roll call having been taken on the
Howard motion, il was disclosed that
the "drys" had carried the day by
vote of so to "A.
Senator Bodies presented to the
senate joint resolution endorsing the
present national administration and
the doctrine of preparedness as laid
down by President Woodrow Wilson.
Hopkinsville Kentuckian. [volume] (Hopkinsville, Ky.) 1889-1918, 1916-02-10
chHchat'

BONE-Mark Bone, a farmer Iiv-
ing near Haley's Mill SO years old,
frequently walks tp town, a distance
Of 20 miles, from choice. Sometimes
he comes part of the way and stays
all night with friend on the road
and finishes the trip next day. When
the roads are good and the weather
favorable he makes the Journey in
half day and spends the night in
town before returning nome. It is
needless to say he is vigorous and
strong for man Of his age
WOODBRIDGE sometimes mp
pens that the most distinguished men
cannot enjoy their own names undis-
turbed and free from imitation For
instance we notice that EIizabethtowu
claims to have a citizen named Rob
ert Woodbridge
GAINES-Ata session of the Tren--
ton City Council Monday night Col
L. w. Gaines, editor Of the Todd
County Progress, was elected Mayor
for term Of two years. james A..
Taylor was also elected Alderman TO
fill vacancy, and J. w Wakefield,
Health Officer A petition-aslang fiM
a water works franchise was givenan
first reading. A new jan is under
consideration; street improvements
and a first-clasS system of sanitation.
Mayor Gaines is a live. wire and his
Hopkinsyille friends expect to hear
from him in his new position
LUSSE-Capt. Frank H. Lusse. of
the Adiutant Generals Office, Frank
fort, was here yesterday surveying
the equipments Of Company D. He
is making his annual round assurvey-
ing officer of the various companies
Hopkinsville Kentuckian. [volume] (Hopkinsville, Ky.) 1889-1918, 1916-02-10
MISS CARR'S
RECITAL
Musical Treat in Store For
HOpkinSville People Next
Week.

Miss Joe Carr, pianist, of Boston
and Memphis, who some years ago
was graduate of Bethel College, will
give a recital at the College on Tues
day evening, Feb, Is.
Miss Carr is entering upon a very
successful professional career. She
was graduated last June in the piano.
forte course of the New England Con-
servatory of Music, Boston, where
she had already been prominent as a
performer at concerts and recitals.
She was one of seven chosen from
the senior class last May to compete
for the Mason C Hamlin prize Of
grand pianoforte offered annually to
the most proficient pianist of the
school. She had a place on the pro-
gramme of the Conservatory's COM
mencement concert in Jordan Hall,
winning much commentator through
her playing OF Edward MacDowell S
Pianoforte Concerto in d minor.
This season Miss Carr is back in
Boston, continuing advanced studies
at the New England Conservatory and
giving occasional professional con-
certs. As one of trio of young mu-
sicians she covered series of very
successful engagements last Novem-
Der in several of the smaller New
England cities. With Miss Rose
Leverone of Boston, a cousin of Miss
Elvira LeverOne, the well known
grand opera singer, she gave a joint
recital in Jordan Hall last Thursday
evening and won very favorable COM
ments through her performance Of
three selections from Chopin and sin
ole numbers from Rhene-Baton, II.
Oswald, Cyril Scott and Johann
Strauss. After her recital in Hop
kinsville, Miss Carr will go to her
home in Memphis where she may
give a recital before returning to her
work in Boston.