davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-09
CLOTH PRICES HIGHEST
SINCE CIVIL WAR
Cotton Goods Markets Strong
BUYERS Meet Advances.

Fall River, Oct. 8.-The cotton goods
markets were strong last week. Prices
are the highest since tho Civil War. At
the high prices current, buyers are
more anxious to obtain goods than
manufacturers are to let them go. 1t is
apparent now that cotton prices will go
higher, and manufacturers want to get
some levels at which prices will settle
before they sell their goods with any
freedom. In any case manufacturers
will not sell till they have cotton to
cover their wants.
Tho activity Of cotton stimulated
goods buying. Manufacturers and
brokers report that business was good,
and buyers met the advances without
much complaint. On the whole, manu-
facturers were slow sellers, but the
persistence of buyers impelled mill
men to dispose of large amount of
goods ut prices which will net them
a comfortable profit.
In the print cloth division the
demand was keen and buyers in
terested themselves in obtaining as
many goods as they could in order that
they might cover their needs for some
time to come. Owing to the disincli-
nation of manufacturers TO dispose of
their goods, buyers advanced their bids
from sixteenth TO a quarter of a cent
yard, and even Mt these new high
levels all the goods desired were not
brought out
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-09
Monday, October 9. 1915.

Intelligent preparation for the
future is baff1ed in two ways. In the
first place, you cannot get people to
agree as to things that are likely to
happen; secondly, there is no time
to bother about it. Some eminent
and competent persons think that
afterward Europe will require from
us more goods than she has taken
during war. Other equally emil
nent and competent persons think
trade with Europe will be suddenly
debated when peace comes, and that
We shall be left with great surplus
power of production and no markets
in which to sell our goods at any
such prices as in our expectations we
have capitalized. The average per-
son is not competent to judge be-
tween these extremely opposite opln-
ions. He concludes merely that no
body knows what will happen. He
is meantime busy and very prosper
Gus. so he is content to let the future
take care of itself.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-09

SO, when it is too late to do any
thing about it-when it is raining
again-there will be unemployment.
In a country where the opportunities
are boundless, and where develop
mcnt is limited. only by the availa-
bility Of labor, there will be moro
men than jobs, simply becauset the jobs
have not been thought Of beforehand
and are, therefore, not ready. One
reason why now there are 30 many
more jobs than men is that a great
deal Of work which might as well
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-09
International Mercantile
Marine Company
Notice of Redemption Of
-Four and One-Half Per Cent. Mortgage and
Collateral Trust Gold Bonds
October !, 1915.

The INTERNATIONAL MERCANTILE
MARINE COMPANY having deposited with
the undersigned. as Trustee, the amount
required for the payment Of the principal
and interest TO October 7. 1915. OF the
bonds OF said issue not deposited under the
Plan of Readjustment. the undersigned
will be prepared TO make such payments
OF principal and interest on and after Mon
day, october .. 1915, upon presentation and
surrender Of said outstanding bonds &C
companied by coupons due OCTOBER l. lslf'
and all subsequently maturing coupons
Income Tax Certificates in respect OF
cash payments to be made for accrued In
teres, on tho bonds must accompany all
bonds when delivered.
Dated October 7. 1915.
THE NEW YORK TRUST COMPANY,
Trustee.
"a Broad Street New York city.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-09
International Mercantile
Marine Company
international Navigation CompalJ)
NOTICE OF REDEMPTION OF
First Mortgage Sinking Fund Five PS Cal
Gold Bonds

Tho INTERNATIONAL mercantile
MARINE COMPANY having deposited VIZ
the undersigned. as Trustee. the amount !"
CURED for tho payment OF the prine'ps' -,
interest to October 7. 1915. Of the oono' :, !,
said issue not deposited under the f'AA !"
Read justment. the undersigned VIII y -
pared 10 make such payments OF p''hea.
and interest on and after Monday Jew.
.. 1916. upon presentation and surfens" !,
said outstanding bonds. ACCOMPANY"
coupons due February 1. 1915. ana ."
sequently maturing coupons =.
Income Tax Certificates IN respee
cash payments TO be made Tor se'''' At
terest on the bonds must aecompan'
bonds when delivered.
Dated October I, 1918.
FIDELITY TRUST CONFANf,
ss5 Chestnut Street. PhiiadelphiA
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-09
REORGANIZATION
International Mercantile Marine Company
international Navigation Company
Notice to Bondholders

Of
~
which pouns oonchoen "
NonT
of
NE"
TRJsT its omce
of Of rDEInl
TRUST COZ
COMPANY cnpp
4 walls reet
hsss
Bondn
Deposit VI
BONDHoIDERs REORGANIZATION COMMITTEE
Otto T. Barnard, Chairman
7,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-09

The only equipment in this whole
country now idle is that of the or
CARNATIONS called into existence two
years ago to manage the evil of I'M
employment. There were state, mu-
nicipal and national organizations.
There was one that embraced all the
financial and economic wisdom sup
posed to exist at that time. It's men,
bers made sentimental speeches.
They admitted the moral response
bility of the employer. The very
best statisticians were retained and
supplied with clerks and stenogra-
piers and all the mechanical instru-
ments of their craft. A machine for
collecting information was rapidly
and scientifically built. The nature,
the texture, the quantity and the pc
riodicity of unemployment were to
be determined. Ultimately every
thing about it would be discovered
and then the evil could be abolished.
1t was an ambitious undertaking.
Much was expected of it. Only the
unemployed were skeptical. Then
nothing whatever came Of it. The
evil perversely vanished of its own
accord. There were no raw mate
rails left to work with. Wa: pros
perity overlook US. The change was
so violent that essays and speeches
on the subject Of unemployment had
to be recalled or turned upside down.
They became obsolete as fast as they
were written.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-09
Rabbits No Longer Pests.

Rabbit skins have been commandeered
by the Australian government, as they
are used in the manufacture of military
hats. A few years ago bunny was
looked upon as menace TO the Aus
tralian farmer and n terrible pest. Now
his hide sells at from 32 TO 40 cents A
pound. Tho carcasses are frozen and
axnorted In larRa 0uantitieA for <ood.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-09

It is not in the American tempera-
ment either in time Of peace to pre-
pare for war or in time Of war to
prepare for peace. The true symbol
of our spirit is the Arkansas settler
who never mended his roof. When
it was raining he couldn't and when
it was not raining there were too
many other things to do. You can
not cure unemployment in time Of
adversely, for then it is raining.
And in time Of prosperity there are
too many other things to do. I'm
employment is but one of several
inseparable terms. To solve the
problem of unemployment is to dis
cover the secret Of continuous pros
perity. The time to work on it is
now. Yet what is being done?
William Reed, speaking to the Ro-
tary Club last week, said:
But some day the giants appetite
will be satisfied. Then what will our
factories do7 A sudden outrush Of
gold will mean curtailment Of credit.
This will entail slowing down of
business. To slow down means I'M
employment. To reduce wages means
discomfort. To slow down without re-
ducing wages and employment means
ruin for both employer and employe.
The answer is not to slow down. not
TO reduce employment or wages, but
to find other markets for our prod
ucts, and instead OF an undue loss Of
gold reserves substitute manufact-
ures, 60 per cent Of the average cost
Of which "a moderate estimate) Is
labor cost
He goes on to add that manufact-
urers, when urged to consider bust
ness in the aggregate and to prepare
now for the transition from war to
peace, reply distractedly: at is well
enough for theorists TO talk, but
here is business clamoring to be done,
and 1t is profitable, and, anyhow,
who knows for sure what will happen
in the future?" That is the general
attitude.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-09

It is time we had some theory about
what we are doing. If we are ex-
porting credit for the sake of the
enormous profit that lies in a war
trade, which will suddenly cease, TAX
ing good security and a high rate OF
interest at the same time, let US un-
derstand so, and be reconciled to
the consequences when they arrive.
If, on the other hand, we imagine
that we are exporting credit as an
intelligent investment in the future
of American trade, then we are max
ing some strange errors. We have
simply not discovered the principle
of cooperation between finance and
business. A banker knows how in
his own community to lend money on
character and the will to work. He
will lend money to a man without
tools or a shop in which to
use them, because he has conf
dence in the man. With his Dor
rowed capital the man buys tools
and materials and rents a shop, hires
a few hands and POUNDS new enter
prise. The bank that started him
will have his account always. There
was risk in it and very little imme-
date profit 1t had been more profit
able and safer at the time to lend
the money to New York broker on
Stock Exchange collateral. Appar-
emily the international banker has
not learned to treat national borrow
ers in the same spirit. If there were
not risk in Latin American loans
there would not be the opportunity. If
Europe had not been willing to take
big risks in American investments
Great Britain would not now have
enormous quantities Of dollar securi-
ties to mobilize and return to
us in exchange for goods. Eng
lish investors years ago bought
at nominal prices, without divi-
dends, railroad stocks which have
been bought back by US in the last
two years as 5, 6 and 10 per cent in
vestments. Europe had more faith
in us when we were borrowing than
we had in ourselves. English and
French investments in Latin-Amer-
lea have been made with the same
faith in the same spirit. But when
we think Of lending money to a
Latin-American republic whose trade
we talk of selling we want rate of
interest commensurate with the risk.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-09
& WEALTH MARKETS AND COMMERCE M|

into q long-term loan and borrow
more besides Is that she cannot make
terms with American bankers. They
want more interest than Argentina
thinks it fair to pay. They want .
per cent. The bankers say, on their
own behalf, that it would tako 8 per
cent to make Argentina financing at
tractive to them, everything consid-
cred. The phrase implies some risk.
There is doubtless some risk Risk IS
inherent In business. Other Latin
American countries have had the
same experience. Their proposals
have been rejected, and Wall Streets
counter proposals they have rejected.
They are all waiting and hoping for
the war to end so that European
credit will be again accessible to
them, as it will be even If Europe
has to buy credit in New York and
sell at loss in South America. Eu-
rope wants the trade.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-09
People,
Trade
WAYS

A knowledge Of many things Is re-
CURED to understand tho mystery Of
the worlds trade. Here are some of
them as set out by Lincoln Hutchin-
son:
Prices. transportation charges. postal
and telegraphic facilities for placing
orders. time required for delivery, con-
ditions OF payments and credit. capital
Investments. racial and social conditions,
facilitie, for personal intercourse
through travel. mere habit. popular de-
mand.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-09
Finding Substitutes.

The glass used for making electric
light bulbs is Of special quality. II
must stand grent pressure and sudden
changes Of temperature. Potash had al
ways been considered N an indispensa-
bic ingredient in its composition. Chem
lists in the United States now find tina.
they can produce superior glass for
the purpose by using soda instead Of
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-09
SURPLUS INSTEAD OF
DEFICIT FOR WABASH

The Wabash Railway Company has
issued a report covering operations
for the eight months ended Juno 80
which shows an increase in gross rev.
enues amounting to s4,569,172. There
was gain in operating income of
s4,6s6,329. The surplus after all
charges for the eight months was g.
9O3, sol. against a deficit the previous
year Of s2,459,622. The income &C
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-09

have been done In tho last period OF
unemployment is forgotten, or left to
wait, and has had to be done In COM
petition with imperative work, wages
and costs all rising. That is unin-
telligence.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-09
.n.,ican Shirt. Manufsctar..sSl Il y,

American spirits Msnui iss s,osk sslds''
The Annual Meeting OF tne.,ar,ne csr
Of American spirits Manu.,esk p. ~
pany will be held a, W. ,Sis' at ~. -.
n New sH York city, for IN. .l.e,ssns ssA ~
tors and Tor the transaction - Sses2 -
business as may properly CO. CO.. 49, =
meeting. The stock usns -
company viii ncs ,; e,SSstzts q
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-09
FINANCIAL MEETINGS.
CHICAGO. SAINT PAUL, MINNEAPOLIS
Am OMAHA RAILWAY co.

NOTICE OF ANNUAL MEETING
The Annual Meeting OF the Stockholders
Of the Chicago. Saint Paul. Minneapolis
and omaha Railway Company will be held
al the once OF the company. In the city OF
Hudson, Wisconsin. on Friday, october 20.
1915. at nine o'clock A. NJ. for the election
OF directors and the transaction OF sucn
other business AS may come before said
meeting.
Transfer books will be closed Mon
day September Is. 1916. at the close OF
business on that day. and will DO reopened
on Saturday. october 81. 1916.
Dated. September 1. 1916.
JAMES T. CLARK. President
-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-09
FINANCIAL MEETlNGS'
NOTICE OF MEETING OF sA0~
HOLDERS

OF .~
JULIUs BONN & son. M So
NOTICE Is HEREBY GltES ,n ~ ssst
cial Meeting Of the Stockhoi1,sr ast W
Corporation viii be held at No; s ~ cu
Street. In the Borough OF Msn - Octobs
OF New York. on the iIth Gay 2. . orops'
1915. at ? o'clock p. NJ TO act on pneorpsrs,
sition to alter It's cer.ines,s Of nuIpSsss ~
tion. so as to include oths'
'O" To engage in the m.nut, "t rrs.,,i
screens. metal strips. woou Generally
work and In manufacturing IA In.
With the right to purchase. In,SS,, a
prove. manage. operate. sen, any real
lease or otherwise dispose ., olsrts
VT %ar pS Sc. incidents! 4, % o ~
a part Of such purposes sn an, fsrtA b
In addition 10 those now Sc. ~ ~
the Certircate OF Incorpors"'H
corporation. .,,.r a. tNs
Dated. New York. septemoeuu
JULIUS FPrsslasst
ALFRED d. BOIL,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-09
ChIcaso and North Western hallway Co,

NOTICE OF ANNUAL MEETING.
The Annual Meeting OF the stockholders
Of tho Chicago and North Western Rail-
way Company will be held NJ the ONCE OF
the company. 226 West Jackson Boulevard.
in tho city of Chicago. Illinois. on Thurs
day. October 10. 1915. at eleven o'clock
A. NJ. for the election of Directors and
tho transaction OF such other business s.
may come before said meeting.
Transfer books will be closed on Monday.
September is. 1915. at the close OF business
on that day. and will DO feopencd on FRI
day, october 20. 1916.
Dated. September I, 1915.
RICHARD H. ASHTON President
JOHN ID CALDWELL. Secretary
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-09

moro venturesome in the foreign field
II they kept in mind the fact that our
new banking system makes it quite
easy to extend the necessary credit
to reputable foreign buyers and at the
Same time get the practical equivalent
Of cash in bills of exchange.
Every European country that has a
big export trade In finished articles
has correspondingly largo export
business In money for investment
Europe has financed and built rail
roads and other public utilities all
over the world-our own included
laid telegraph cables under the seven
seas, developed cities on every con-
tinent, sent ships to carry goods to
and fro. supplied the tools to work
with and the clothes to wear.
European foreign loans 60 abroad
as manufactured articles. Interest on
the loans is paid in raw materials.
These are mixed with brains and re-
exported.
Catalogue and technical publications
received at the United States Consul
ate at st. Etienne, France, are on file
at the local Chamber of Commerce, and
numerous trade journals in the hard
ware, silk, export, electrical engineer
ing and other fields, after having
served their purpose on the reference
tables of the consular reading room,
have been sent to representative deal
ers In the respective lines bearing this
notice translated into French: "Thi,
journal is presented with the commit.
ments of the American Consulate.
where TRANSACTIONS or explanation of
any OF the articles or advertisements
in which you may be interested will be
gladly made on application"
The Japanese settlement at Hardin.
Manchuria, is growing fast, according
to reports forwarded by the American
commercial attache at Peking. Several
new commercial establishments have
been opened in that community during
the last year The -four and oil mills,
sawmills, breweries and machine shops
which are to BIO found there are all
thriving. Municipal improvements are
badly needed, but indications are that
japanese capital will be found to pro-
vide them. The operation of a section
of railroad extending to the Russian
frontier by Japanese interests will, it
is reported, have a strong tendency to
divert the trade of Hardin to the south
and thus increase tho Importance of
the Japanese interests.
Much Japanese capital is turning to
the development Of enterprise in tho
Japanese dependencies, particularly
Korea. A large spinning company and
another for mining tungsten are recent
projects. The Korean government and
the Bank of Korea are giving all the
assistance they can to these enter
prises. There il some activity in For.
mosa also. although the field there is
more fully occupied.
The first estimates have been made
OF the next seasons output OF For
mosan sugar, tho total being placed at
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-09

tens. This represents an increase Of
about Sh per cent over last seasonal
yislA 4
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-09

Every Latin-American republic is
in need Of credit, some of them des-
perately. Hitherto they have Dor
rowed in Europe, and their trade has
gone where their credit was good.
Since the war they have been unable
to borrow anywhere on favorable
terms. Argentina is carrying in this
country a considerable floating debt.
Tho reason she does not convert it
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-09
Spain has recently placed an en-

Spain has recently placed an en-
barge on the export Of Spanish
credit. Foreign securities may not
be brought into the country and Of
fered to investors, or loaned on by
the banks that have custody of the
peoples money, except under certain
restrictions and with the explicit ap-
prevail of the government 1t is an
interesting idea. People do export
their credit in a very reckless man.
ner. The incentive generally is tho
immediate profit. The ultimate con-
sequences are not considered. Ameri-
can credit is being exported on a
large scale for the first time in our
economic experience. Most Of it is
going to Europe, where the war
trade is. The security is good and
the rate of interest is attractive.
Very little Of it is going to those
countries where, after the war, we
shall have to look for new markets
if we intend to become world traders.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-09
Finance Economics

GARET GARRETT, Editor
WALL STREET OFFICE: IelspnesnsSiI
Building, Is Broad St. hanover 0'A~
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-09

American manufacturers might be
moro venturesome in the foreign field
II they kept in mind the fact that our
new banking system makes il quite
easy to extend the necessary credit
to reputable foreign buyers and at the
Same time get the practical equivalent
OF cash in bills of exchange.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-09

The first estimates have been made
OF tho next seasons output Of For
mosan sugar, tho total being placed at
R-232.9A7 piculs, or about 2AS.z7k abort
The day book. [volume] (Chicago, Ill.) 1911-1917, 1916-02-26

An anticipating campaign has
been started in Omaha and is spread
ing, veritabIe whirlwind of please
don't spit" sentiment.
Mrs. H C. Sunny of Omaha, real
izing splitting spreads grippe, con-
sumption, pneumonia and other dis
eases, started the campaign.
Startling warnings" appeared on
QUESTIONS WITHOUT ANSWERS
Dear Editor.-Why is it a blue bird
hardly ever feels blue?-Cyril Cyrup.
Dear Editor live on the first
floor in an apartment. Now, doesn't
that make me safe from second-story
men?-Hy Poder1nic.
Dear Editor.-Did you know that
clam is very tight, and so are million
aires.-J. Oke
Dear Editor.-Isn't it funny I've
never heard a, pineapple pine, or seen
a crabapple with a crouch on?-Wm-
w. Will.
Dear Editor.-Did you ever have
your shoulder blade sharpened, or the
roof of your mouth shingled- ha.
Ed Tack. .---,- t.~
The day book. [volume] (Chicago, Ill.) 1911-1917, 1916-02-26

SOME THINGS THEY MISSED
Mazeppa never rode in jitney bus.
Cleopatra never wore an ankle
watch.
Noah never joined the navy league
Henry VIII was never sued for
breach of promise.
Shakespeare, never saw Charlie
Chaplin.
Napoleon never heard a Bryan
peace speech.
Jenny Lind never sang Tipperary.-
The day book. [volume] (Chicago, Ill.) 1911-1917, 1916-02-26

The tortuous Alaskan coast has so
many indentations that its actual
length is greater that that of the
United States seaboard proper, more
than $4,000 miles. ' =
The Columbus courier. [volume] (Columbus, Luna County, N.M.) 1911-1920, 1916-09-22
Homestead Notice
L. s. Land ONCE az Las
Cruces, N. NJ, August

L. S. Land Ohlce at Las
Cruces, N. NJ, August
IL, 1916.
Notice Is Hereby Given that John
II. Cox, OF Columbus, N. NJ, who on
April ~, 1910, made homestead entry,
No. 0i392, for =. w. I, Section n
Township y S, Range s W., N. N
i. Meridian, has filed notice OF intsn-
ton 10 make final ive-year proof, 10
establish claim 10 the land above
described, before w, G. Hoover u, 5
Commissioner, Columbus, N. 81, IN
the 2sth day Of September 1915.
Claimant names as witnesses
Clarence r.. Rogers, OF Columbus,
n. NJ.
Arthur l.. Taylor, of Columbus'
n. NJ.
n. NJ.
Daniel J. Chadborn, Of Columbus,
n. NJ.
JOHN l. BURNSIDE,
Registrar
The Columbus courier. [volume] (Columbus, Luna County, N.M.) 1911-1920, 1916-09-22
VILLA AIDED BY WILSON'S
FAVOR AND BACKING.

In March hast. villa made o
raid into American territory. tie
WAS a bandit leader whose
career Of successful infamy had
been greatly aided by Mr.. vii.
sons favor and backing. He
vas NJ the bead Of Mexican sol.
iiers, whose arms and munitions
had been supplied to them In
consequence Of Mr., Wilson's re
Nersing Mr.. Taft's policy and
lifting the embargo against arms
and munitions into Mexico. They
attacked Columbus. New Mexico.
and killed a number Of civilians
aud a number Of United States
troops, On the next day the
president issued an announce
ment that adequate forces would
be- sent 10 pursuit Of villa with
the single object 0f capturing
him" On April sth, the an
uouncement was made from the
White House that the troops
would remain IN Mexico uuul
villa was captured II WAS
furthermore announced In the
press dispatches from Washing
ton that he was 10 be taken
dead or alive. Fine words
Z Unly-they meant nothing He