davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-10
The Election
Tie in 1876

IL will be exactly forty years to-mor-
row since "The Commercial and Flnan-
cial Chronicle" issued its comment on
the Presidential election OF 1876, the
closest parallel to the present close
vote between Hughes and Wilson.
While it has been four decades since
that memorable controversy between
Rutherford b. Hayes and Samuel D.
Tilden "The Chronicles" editorial on
that occasion might be applicable IN
some respects TO present conditions. IL
said;
The election excitement of the week has
oyershadowed every other consideration and
has interfered with business To an extent
almost unprecedented. In looking for tho
immediate effects on our market OF this
pending uncertainty and feverish condition
Of the public mind. we find that govern
ment bonds remain steady. gold about
steady Southern State bonds generally
stronger. and speculative stocks weak
though the latter should be attributed to
other causes. As stocks can be but LITTLE IN
fuenced by the result of the election winch
ever way II may be decided.
When the present excitement blows over
and the defeated party calmly settles down
and accepts the situation, we may expect
this new exhibit of philosophical acqui.
escence in the will of the majority will add
strength TO our reputation abfOau. II
should confirm the idea that so far As our
government obligations are concerned, the
succession of one party to another can
make no difference. and that the govern
ment to that extent is unit and here. As
in Europe while one party may be crying
l. roi est mort, the other re-echoes with
double vigor. Viuc ie roi.
"The Chronicles" records show there
was little activity in the stock market
on the two days following the election
of 1876, but on Friday and Saturday
there were more sales and prices were
generally lower
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-10
Thursday, November 9, 1916

Simple economic facts may have
unexpected political and social con-
seouences. There was never before
so strange and bewildering an cleo
ton. Never before had we so many
automobiles. The relation between
these two facts may be hard TO
analyze, but to suppose that reia-
ton exists requires only a small
effort of Imagination. 1t was easier
last Tuesday for people to go long
distances to vote than had been ever
the case before. 1t took less time.
In 1912 there were only a million
automobiles in use. The number IN
four years has increased threefold'
There are now three million, or an
average of nearly one to each seven
families in the United States. The
average statistical capacity of an
automobile is probably above three
persons. On Election Day, with
little crowding, the practical ca
pacity might rise to an average of
five or six persons. Then you count
the trips. One automobile could
make several trips of ten or twenty
miles each. By this simple arithme-
tic Won have accounted for the sta
tistical possibility of transporting
all voting males and females to the
polling places and returning them
to their homes by motor, with
minimum of time loss and a maxi
mum of comfort.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-10

Under the second day of the
strain OF uncertainty as to the
outcome of the election, the stock
market all but abandoned the pre-
tence of interest in politics. Its be-
havior was such as might have been
satisfactorily accounted for in many
different ways on any day of Dc
tober. 1t was on the whole a strong
market, stronger and weaker in some
spots than in others, without the
slightest rational relation to uneX-
pected developments in the political
bulletins. For week or ten days
past Wall Street has been too much
distracted by political emotions to
attend seriously to the stock mar
ket. News which should have been
treated in a very serious manner
has been almost unnoticed. For one
thing, a submarine scare did not
happen this week, only because peo-
pie were preoccupied with politics.
Most of the buying and selling of
stocks in this time has been done on
sentiment mistaken for opinion, or
on the idea that other people would
buy or sell stocks for sentimental
reasons. There is, therefore, an ac-
emulation of neglected factors
which perhaps will present them
selves Unexpectedly for considera-
ton.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-10

gold value of the ruble is around 81
cents. Rubles have been weak for more
than a month, following an advance
earlv in September to "a cents, when
there was heavy speculative buying
Since then they have steadily declined
despite definite reports Of new Rus
sian loan for s5O,OOo,oOo.
Italian lire were stronger yesterday
and checks recovered to $50, compared
with 6.72 the day before. German ex-
change was weak, and dropped below 10
cents for the first time in severai
weeks. Rates on London and Paris
continue to display frmness.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-10
U. S. Treasury Finances

Washington. Nov. 9.-The condition
Of the United States Treasury at the
close Of business to-day was: Net
balance in general fund, s145,735,4 54;
total ordinary receipts, $1,193,618; total
ordinary payments. S2.99e,eT.
The deficit this fiscal year is S83, 140,-
258, against deficit of S42,472,087 last
year, exclusive of Panama Canal and
public debt transactions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-10
Money AMI Credit

Money on call at the New York Stock
Exchange ruled unchanged yesterday
at pa per cent.
The market for time funds on bro
kers' stock exchange collateral is mod
erately active. The tone continues
easy. Demand for accommodation is
chiefly confined to four, five and SIX
months industrial loans, the trading
rate for which is 3i2 per cent. Sixty
and ninety day industrial money is
also quoted at this figure.
Ruling rates on money yesterday
compared with year ago, were as
follows:
Yesterday. A year ago.
C,u NANCY olLoc 1872
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-10

The above rates express the cost OF
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling for S4.75H; the intrinsic par
ity is s4.s6fs per pound. Thus, you
say either that pounds are at dis
count or that dollars are at pre-
MUM. which is owing to the fact that
in England the demand for dollars
with which to settle accounts in this
country is greater than the demand in
this country for pounds with which to
settle accounts in England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-10
New York

National Motor Car and Vehicle
The assets and physical property of the
National Motor Vehicle Company Of
Indiana were taken over yesterday by
the National Motor Car and Vehicle
Corporation of New York. The follow
ing directors were elected: Arthur C..
Newly, Indianapolis; Stoughton A.
Fletcher, Indianapolis; Otto J. Thomen,
New York; Leonard Snider, New York,
and Buell. HOLSTER, New York.
Stock Exchange Seats Higher.-Three
Stock Exchange memberships were sold
yesterday for $74,500 each, and one for
$4,000. The last previous sale was at
s73,500. The purchasers were Joseph
d. Frankel. Henry L. d. Lewis, Frank
b. Keech and Walter l.. Richter. How
land S. Davis and Coleman B. McGov-
ern have been elected members of the
exchange.
War Risk Rates Up.-As the result
of the renewed outburst of activity by
German submarines on neutral ship
ping, New York marine underwriters
have advanced the war risk rate TO S
per cent on American vessels 10 the
Mediterranean. Before the attack on
the Lanao and the Colombian American
vessels could be placed at 211 to per
cent, while other neutrals were on a
per cent basis.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-10

There is then to be considered the
psychology of the motor-golng
vote. 1t will differ from that of the
pedestrian vote, or from that of the
farmer who rides TO the polling
place behind a rickety horse and
thinks in terms of feed. Wherein
would the psychology of the motor
going vote be different or peculiar?
This is properly no field for a finan-
cial writer TO invade. 1t belongs
to the psychologist; but he, alas!
is interested neither in politics
nor in the effect of elections upon
the price of stocks. We must con-
suit our own reactions. One knows
how one's self is changed by rushing
about in a motor. 1t expands the
ego. Therein lies the secret Of the
enormous vogue of motoring. We
are an egoistic people, perhaps the
most egoistic in the whole world
and. therefore, the most given to
motoring. 1t is means Of getting
about that tremendously gratifies
and extends the sense Of ones per
sonal Importance and of ones dis
placement in space. Thus the motor
going vote would be more egoistic
than any other vote; and as this
vote has been trebled in four years
a new and imponderable factor must
necessarily have been acting in Tues
days political phenomena.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-10
Commercial Paper-Dulness st

Commercial Paper.-Dulness still
prevails in commercial paper. While
this condition is in part due to the
light offerings. it is also ascrbed to a
partial deadlock existing between brok-
crs and banks The former are offer
ing their choicest holdings at 3i4 e, but
the banks are disposed to insist on
Slkce as the minimum rate for prime
regular maturities. The market con-
tinues on a 3l4@3&4E basis.
Official rates of discount at each of
the twelve Federal districts are as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-10

Below is given the current exchange
value of foreign money in dollars and
cents. together with the intrinsic gold
parity. as calculated by the United
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-10

Gold to Japan. The Sub-Treasury
transferred $2.5OO.OOO to San Fran
cisco yesterday. That amount of gold
will be shipped to Japan for the ac-
count of the Yokohama Specie Bank.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-10

Russian exchange displayed marked
weakness yest~iay when rubles fell -
29.s5 cents. the lowest in several
months This compared with 5000
cents on Wednesday, The intrinsic
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-10
ADAMSON LAW
INJUNCTION ASKED
Santa Fe Railroad Petition
Calls Bill an Arbitrary
Wage Increase

Kansas City, Mo, Nov. "a petition
enjoining the Federal District Attorney
and labor leaders" from putting the
Adamson eight-hour law into effect
was fled in the Federal District Court
of Kansas City, Kan, to-day in the
name of the AtShison, Topeka &
Santa Fe Railroad
The bill calls attention to agree
ments with train employees. none OF
which. it says, contemplates that the
employe shall work fixed number OF
hours, but that owing to the nature
Of train service the trip, in terms OF
hours or mileage as preferred by tne
men, is the basis of compensation.
Arbitrary Wage Increase
The bill recites the circumstances
surrounding the passage Of the Adam
son law and asserts that it is mere
arbitrary increase in wages. The law.
says the bill. is unconstitutional and
void because il is not regulation OF
interstate commerce; that it is
mere experiment intended as a basis
for further legislation, that it de.
prives the company of its liberty of
contract and right of property without
due process of law, and that it is un-
workable and uncertain.
The bill devotes considerable space
to explaining why the company con-
siders the law unavoidable. II con-
cludes with statement that the rail-
road is willing to guarantee employees
against loss pending final decision as
to the legality of the law.
Railroad Seeks to Avoid Loss
The court is asked to indicate what
steps it shall take "by way of keeping
special accounts, giving bond, or other
wise, for the purpose of assuring COM
plete protection to all its employees.
On the other hand, comp ainant says
that if preliminary and final injunc-
ton be denied and this complainant
be compelled under fear of penalties
of the said act to adopt at its owe
peril some construction of the act in
volving the payment of increased
wages to considerable numbers of it,
employees and if the act shall subse-
quently be declared to be invalid the
losses thereby sustained by this com
plainant can never be repaired in any
way"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-10
Daily Imports and Exports

Daily imports and exports OF general
merchandise at the Port of New York
were:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-10
Bank of England Reported al

Bank of acknowledgement an in
crease for the week in gold coin and
bullion holdings of 91S1.S9l. Proper.
ton of reserve to liabilities is now
23.19 per cent, against 22.4l last week
other changes reported for the present
week are as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-10

Sub Treasury. New York banks
gained from the Sub-Treasury ST.
$4,000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-10

Silver.-Bars in London. 34i4 pence;
New York, 717s cents; Mexican dol
lars, 552s.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-10
News Digest


London Markets-London, Nov. g.
The uncertainty of the result of the
Presidential election caused a reaction
in American securities on the Stock Ex-
change to-day, and yesterdays i'm
provement was lost. The list closed
dull, pending the final decision. The
other sections had good tone. The
war loan was active, and shipping
shares and Peruvian issues were strong
features. Rubber stocks and colonial
bonds were steady.
Little notice was taken in respon-
sible quarters of rumors in circulation
of en- early reduction in the bank rate
This is considered unlikely for some
time. Money was in fair supply and
discount rates were easy. Money, D
per cent; discount rates for short and
three month bills, 5h@5% per cent:
gold premium at Lisbon, 81.
Paris BOurse. Paris, Nov. 9.-Trad
ing was quiet on the Bourse to-day.
Three per cent rentes, 81 francs 10 CEN
times for cash; exchange on London,
q francs slis confines; per cent
loan, 81 francs 65 centimes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-10

Bank Exchanges. The days clear
ngs at New York and other cities:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-10

decrease.
The detailed statement compares as
follows with the same week year ago:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-10

Call money!. 2l4ec 1241o
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-10

@l5 day paper.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-10
The Dollar in Foreign Exchange

Decrease,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-01-19
alton of the human race be endan-
gered."
Need for DEVELOPMENT.

Explaining what nitrogen is. he said:
THE greatest need for the develop
ment of our water powers is the i'm
perative necessity, and it is national
necessity, that sufficient fixed nitrogen
should be produced within the boun-
daries of the United States to meet its
requirements. Nitrogen comprises four
f1fths of the atmosphere and Is con-
stituent of all organized life and It's
sues. 1t is a colorless, tasteless, odor-
less, gaseous non-metallic element. We
live in it, we breathe it, we eat it and it
constitutes a portion of our human
frame.
1T is absolutely necessary to the ex-
istence of animal and plant life. With
out fixed nitrogen the earth would soon
become an uninhabite desert waste.
While the atmosphere contains an ex-
haustless supply of nitrogen, 1t being
estimated that 100000 tons exist
above each square mile of the earth's
surface. yet 80 per cent of the plant
life that lives in it does not absorb it.
and the remaining 10 per cent absorbs
but a small proportion of that which 1t
requires.
1.-The world has been dependent for
most of it's supplies of fixed nitrogen
upon the nitrate of soda beds of Chile.
where, during some CONFUSION OF ma
ture at some remote. past time, the soda
aDSorbed quantities OF nitrogen from
the air. During 1913 the United States
imported $4,000 tons of Chilean nj
trates. valued at s21 100000, upon which
the Chilean export duty was so per
cent. We thus paid to the Chilean gov
eminent sl2,600.00O, which may be con-
sidered merely a part of the amount
which the people Of the United States
pay for its policy of water-power stag
ma ton. In other words, the people of
this country would be quite as we'll off
as they now are il they granted a sub
sidy or bonus of S12,600.000 per annum
for the establishment of the water
power nitrogen industry in the United
States The richest nitrate beds of
Chile, however. will be practically ex-
hausted by 1928"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-01-19
SIXTH ANNUAL BANQUET.
G. W. U. Chemical Society to Have
Elaborate Program.

The sixth annual banquet of the
Chemical Society of George Washing
ton University will be held Monday
night, February q, at the University
Club. An elaborate program is being
arranged by the committee in charge.
All students and alumni interested in
chemistry have been invited to attend.
The guests of honor will be Rear Adj
miral Charles Herbert Stockton. U. S.
N, retired, president of the university:
DR.. Charles Edward Munroe. dean of
the School of Graduate Studies and
head of the chemistry department.; DR..
Howard Lincoln Hodgkins. dean Of the
College CT Engineering: Prof. William
Allen Wilbur, dean of Columbian Col
lege. and Profs. F. w. Clark. H. c.
Mcneil, E. A Hill and O. D. SWEET.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-01-19
q. S. Might Welcome Blockade.

An impression prevails that the plan
Of the entente allies to establish an
actual blockade against Germany Is
designed mainly to meet Sweden's re-
fusal to embargo re-export trade with
the Teutonic countries and to forestall
plans of American cotton producers to
ship q million bales of cotton in Amer
lean vessels to north European neutral
ports for transshipment to Germany.
Sweden not only has not followed the
lead Of Holland. Denmark and Norway
in the matter of emhargoes, but has de-
clined TO permit British agents to in
vestigate or watch her re-export trade
So far as the United States govern
ment Is concerned. the substitution of
a legal blockade for the present prac-
tices might be welcomed. because il
would simplify the controversy over
the treatment of neutral trade To be
recognized. however, the blockade
would have to be effective. and any ef-
fort to exceed belligerent rights In en-
forcing the ultimate destination theory
would be vigorously contested.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-01-19
Urges Regard for Neutrals.

The Westminster Gazette. which fire.
qutntly voices the views of the govern
ment. admits that more stringent meas
ures should be taken to restrict over
seas trade with Germany. but adds:
Tt is idle to suppose we can get all
We want for the allied cause from neu-
tral countries without making conces-
sions in return"
The Gazette contends that any block
ade policy must be framed and present
ed TO neutral governments jointly by
Russia, France, Great Britain and Italy
IL suggests that the answer to the
American note should go not from
Great Britain alone out from the allies
In concert. and that il should contain a
full statement of the objects for which
the allies are contending In the war
and of their case against the central
powers.
The Evening Standard says a tech
meal blockade of Germany would not
solve the difficulty. In Its opinion the
solution should be reached by an extern
sion of the list of absolute contra ba nd
so as to include every commodity nee
essary to enable Germany to continue
the war. 1t says that under such cir
cumstances the British navy could ef-
fectively ration" all of Germany's neu-
trail neighbors.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-01-19
Cigarette Spark Sets Woman Afire,

NEW YORK. January ia spark
from a cigarette at a reception here
last night ignited the gown worn by
Mrs. Albin Marsh, forty years old, wife
of broker, and caused injuries from
which she may die. Three of the man
guests who went to her aid were pain
fully burned. AS Mrs. Marsh ran
through the room the flames from her
dress set fire to rugs and draperies
and the damage was estimated at
$4,000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-01-19
Might Have Meant War.

IF Great Britain had barred this
trade We might have been either at war
with the United States. or unable to
get from her the vast supplies of NUM-
tons of war we are now getting" says
the parliamentary writer of the Daily
News. who points out that il Great
Britain had stopped the trade of Ger
many's neutral neighbors or rationed
tnem on war basis the result would
have been either to fling the neutraIs
into the arms of Germany as allies or
The country shrinking from war would
bar exports to Great Britain.
a refusal to ship to Germany, while
shipping to Great Britain. he says,
would have been regarded by Germany
as casus belli. and he points out that
important supplies of raw material and
food are coming to England from Den
mark. and that supplies for Russia
pass through Sweden, which is the ut
most Importance.
The writer concludes that IL block
ade had been forced against Italy she
would not have Joined the allies
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-01-19
Veterinarians to Give BANQUET.

The Veterinary Medical Association
% George Washington University will
save its annual banquet February 81.
Final arrangements for the event will
be madAsa1 Q meeting Of the organi.
satten taflbe hela February s.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-01-19
Would Modify Order.

1T was perhaps a mistake that our
government in drafting the order in
council did not model it's terms on
earlier presidents. America did not
suffer by this in substance, but Ameri-
can attachment to legal form was un-
satisfied and affronted, and the cues
ton is whether we could not remedy
this by altering the form of the order
In council.
"A desirable thing. if possible. would
be to substitute a proclamation as close
as possible to the text of Mr.. Lincoln
blockade proclamation in 1861. The
only obvious difficulty is that of the
Baltic. We are bound to blockade
Germany's Baltic ports. but we cannot
except by submarine. blockade them in
the Baltic itself. 1t is a feature of the
old style Lincoln blockade that it bars
all corners impartially. and it is only in
the Baltic itself that we can bar COM
ers from the Scandinavian countries.
The point has already been taken
against US by Mr.. Wilson, and, except
through the activities of our subma
rines. we have provided no direct an
Bwer."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1916-01-19
Government Urged Not to Of
fend United States and
Other NeutraIs.
LONDON POSTS FIGURES
ON TRADE ARE SCORED
Fail to Take Into Account. It Is As
serted. Conditions Changed
by War.

LONDON. January 1s-The Daily
Chronicle in long and carefully rea-
.oned editorial REPLIES TO the Morning
Post.s demand for more stringent
h,oclx.de of caru.pv on tho bas;s Of
tho fvures of American exnorts 70
heu'rai countries aoJaceht u germany.
The Chronicle declares that the figures
show and mean nothing. as they ignore
,hso,,,+al,, H. TO-. e.. ..
'Ne mo- ''e val
Holland and Scandinavia imported
these goods very largely from Ger
many and also tho fact that tho Soon
80, 'N ' '''" ''''
o'haViah countries at present are act
ing largely relay stations for huge
Russian imports The CbronicIe adds.
Must Heed International Taw