davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-12

sumner will be still unrcstrained. II
the supply is not enough to go
around, the consumer who wants
moro than his share and is willing
to pay for it may take it upon him
self to raise the price and tempt the
seller. Price regulation by fiat pro-
nounced upon the seller alone has
never succeeded. It is necessary
also to regulate the demand. If peo-
pie are all equally limited as to the
amount of a given commodity they
may consume, then the demand is
adjusted to the supply, and it is easy
to attend to the price. II it does not
fix itself, it can be fixed by edict.
The last paragraph reads:
For the purposes Of these regula-
tions the word paper" includes
all kinds of paper and cardboard,
including strawboard, pasteboard
and mill-pulp board, and manu-
features of paper and cardboard.
such as printed forms, paper for
writing with printed headings, CAL
endars. show cards, posters, labels,
color and photographic printing
other than In book form, and cata-
logues and price lists printed for
persons in the United Kingdom,
and all periodical publications ex-
ceeding sixteen pages in length i'm
ported otherwise than in single
copies through the post.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-12
BRITAIN TAKES OVER
ALL IMPORTED HIDES

The British War Office, the Amer
lean Consul General at London re-
ports, gives notice Of its intention to
take possession Of all OK, COW and
bull hides imported into the United
Kingdom from Australia, New Zealand,
South Africa and South America, end
all other imported OK, COW and bull
hides, wet sailed Of forty-fve pounds,
dry sailed Of twenty-five pounds and
dry Of eighteen pounds and over. All
hides in process Of conversion into
leather are excepted from the order.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-12
Money and Credit
Federal Reserve Banks

Washington. Nov. 11.-Lsrgs pur-
chsses during the week Of bank accept
ances are indicated by tho weekly
statement Of the Federal Reserve
Board. The amount on hand. sso,918,-
900, Is the largest ever shown In these
weekly statements. Total investments
Of the banks show but little change,
owing TO considerable sales Of United
States bonds and liquidation on q largo
scale Of city warrants, mainly New
England towns.
No sppreciable changes In either gold
or cash reserves Of the system are
shown, though considerable shifting Of
funds between the banks, mainly
through the Gold Settlement Fund, was
affected during the past week. The
largest transfers of gold were made BY
the New York, Boston and Atlantis
banks. Gold to the amount Of $780,.
600 was transferred during the week
to the agents against Federal Reserve
notes Issued to the banks, the total
gold holdings Of the agents reaching
the unprecedentedly large total Of
1921, 1899 900.
Federal Reserve bank notes in cir
culation show a slight decline. The
agents report the issue Of s247,s73, 900,
net, Of Federal Reserve notes, secured
by 1921 1888, 900 of gold and s16,735, 900
Of paper. Most of the banks report
larger amounts of Federal Reserve
notes in circulation, the increase for
the week being s7,s74o0o. The banks
aggregate liabilities upon notes issued
to them by the agents are stated as
s13,ss6,ooO.
The Federal Reserve Boards state
ment on the condition Of the twelve
Federal Reserve banks at the close Of
business November 10, issued to-day,
shows:
nrc0yrDrrc
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-12

The above rates express the cost OF
foreign money in terms OF the Ameri-
can dollar. You buy an English pound
sterling for s475s; the intrinsic par
ity is 1855 per pound. Thus, you
saw either that pounds are at dis
count or that dollars are at a pre-
MUM, which is owing 10 the fact that
Ia 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
ssttla ACCOUNTS IN England
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-12
French Government Finances

Paris, Nov. IL. (l2:45 p. m.).-Ths
receipts OF the French government in
October were ss,oOo,oOo francs in ex-
cess Of those Of October. 1915, bringing
up the gain for the first ten months OF
the year TO more than 100000, 1000
francs. Customs duties In October
netted 1900 900 francs above tho
average for normal years. Indirect
taxes we're less than 100000 francs
below the normal and nearly 6,oo0,oo
francs more than last year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-12


ton accurately without taking account
of the railroad use Of coal.
The carriers have such . demand for
transportation facilities they arc beside
themselves 20 meet H.
The railroads have not enough engines
to handle all Of this rush OF freight In
GLIDING the export business and the new
domestic business. They did not expect 10
and they did not prepare for IL They
certainly have not enough engines Of the
try 10 move il all. They have pulled out
OF the roundhouses and. in some eases. out
OF the scrap heap even. everything In the
form OF an engine that can pull anything.
These old engines will run and pull after .
fashion. but they are wsstefuL They lit
orally eat coal alive
There has been In consequence on the
railroads an alarming waste Of coal due 70
the poor character OF these old locomotive.
We are not beyond the truth when We go
that, taking into account the extra mileage
Of all engines. the wsstefulncss Of the ~
and decrepit engines and the fuel nseded
for the new engines. the demand for rail-
road fuel hzs increased by 80 per cent
That Is the percentage which comes most
often out Of the performances shees OF The
superintendent OF motive power.
The railroads In normal TINES take -
per cent OF the coal produced each year.
This means that they have been using
about l25. 900. 900 20 1876. 900. 900 tons ef
coal per year. II they are usinx 30 per
cent more this year. their current require
ments call for at least l75. 700. 900 tons Of
coal. or a clear increase Of "a. ooo. 900 tons.
The Eastern railroads are not responsible
for more than half OF this. Still. that ex-
plains what became Of o.000. 900 TO 4o.-
000, 900 tons OF coal that the Eastern pso-
pie thought they we're going to be able 10
depend upon.
One Of the biggest factors in the East
is that storage piles have well nigh
vanished. II is predicted that they will
have disappeared completely BY the
time cold weather has been with US for
while. 1t is this visible supply Of
coal" that gives the market an easy
tone in ordinary times Between the
car shortage and the abnormal demand
for fuel II has been almost impossible
to maintain such reserves this year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-12

We are in a very strange dilemma
in respect of our foreign trade. We
are exporting surplus goods at the
rate of 81 or billion dollars a
year, which Is near 10 per cent OF
our total production. The buyers
pay US in gold, in securities and in
their promissory notes. The securi'
ties are giving out. We have taken
already more gold than we know
what to do with. It is causing an
initiation of bank credit which Is
threatening to create dangerous
problems. Apparently the only way
to keep Europe from sending us
gold is to give credit on easier terms.
That is to say, we have got to make
it cheaper for Europe to pay us IN
credit than in gold. Less than two
weeks ago a s9OO,OOO,OOO British
loan secured by collateral was placed
here. and already negotiations are
coming to a head for placing unse-
cured British obligations for an in
determinate amount. We shall prob
ably be dealing presently in British
Exchequer bills, besides which bank
credit on a much larger scale will
be opened to Great Britain. There
is beyond that the probability before
the years end of a large unsecured
British loan.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-12
Saturday, November II, 1915

What shall we do for excitement
when conditions have become normal
again? Or will normal ever again
be what it once was? With the cleo
ton left out it would have been a
pretty strenuous week. The lid
popped off the iron and steel market
and prices behaved in an extraordi-
nary manner, Notwithstanding which,
or, as one might almost think, in con-
sequence thereof, demand was fur
Their stimulated. Buyers are anxious
to cover their requirements at any
price. Profits on finished merchan-
disc are so big that the price Of the
basic materials is a secondary con-
sideration. The United States Steel
Corporation reported its untitled ton
mage as of October 81, and the
amount was above 10 million tons
for the first time in the history of
its business. Copper metal went
above SO cents a pound, and that is
the highest price it has touched since
it became an important industrial
commodity, or since the beginning
of the electrical era. Wheat went
higher on a renewal Of foreign buy
ing, under the auspices Of the Royal
British Purchasing Commission.
Arrangements were completed for a
new loan to Russia. Plans took
form for placing large amount Of
additional credit at the disposal OF
Great Britain. And the quarrel be-
tween the railroads on one side and
everybody else on the other side as
to where the responsibility should
rest for the freight car famine be-
came more acrimonious and futile.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-12

Osnsdian manufacturers will shortly
ave the opportunity OF examining fin
nneo products which were manufact-
s'ed by Germany and Austria before
ne war A very complete collection Of
Ssrman and Austrian products which
SSeiore the war were largely sold in
%sst Britain has been made by the
alnsh government, and IL will be ex-
<,oited ss soon as possible in Montreal,
tefonto and other cities.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-12

Rubles declined further yesterday,
falling to 2s.4O cents, compared with a
close Friday Of 29.75. The rest OF the
market was not much changed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-12

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, 1916-11-12

Gold reserve against net deposit ano
note liabilities, 72.8 per cent
Cash reserve against net deposit and
note liabilities, 74.f per cent
Cash reserve against net deposit Ia
bilities after setting aside 40 per cent
gold reserve against aggregate net liza
bilitie, on Federal Reserve notes In
circulation, rs per cent.
In the above statement the principal
items compare with q year ago As fol-
lows:
Total gold reserve. 49,. Inc sos, 3ss' 600
Bills discounted. $50. Inc. G'i4s'o o0s
Member bank deposits Inc. ,sfIso'oU
Net liability for notes.-the. o's'o"
New York Federal Reserve.-Ths con-
dillon Of the Tsdsr.l Reserve BANK OF
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-12

An order for 100000 shirts for the
Italian army has been distributed
among Canadian knitting mills BY the
Dominion Department Of Trade and
Commerce.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-12

Clearing House Statement.-The act
ual condition of the New York Clearing
House banks on Saturday was as fol-
Ioue.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-12

New York at the close OF business
Friday, compared with the previous
week, follows:
Resources
Nov. 10. Nov. 3.
Gold reserve. .$t67 80, 1872 $175,4SS,242
Legal tender
money -. a.s5e,32s 1,ss2,73o
Total reserve. 660,757 $t77, 1917
Discounts ..... 2e,396.598 N,05s,990
Investments -. 7,754,oS5 s,460,792
Fed. Res. notes
(net) ..... t0,948,280 11,OoI,o4o
All other res'.. 225.2f1 1921
Total res's. .s2ts,ee4,e33 s225, toe,5s2
Liabilities
Capital ... s11,eos. 800 $780, $50
Mcmb blk dep's 1876, 1926 2o3,553,e2t
Govt deposits. 1852, 195 2,51o,o2o
Due to other
Fed. Reserve
banks (net). 7.117.efo 7,127,eoo
TT liabilitiess2ts,s 1884, 33 s225, toe,5e2
Fed1 Reserve
notes outs'g. 86,o31,715 SS,so5'o1o
Secured as fol-
lows: Gold
dep. with Fed.
Res. agent. 86,O31,715 o5,SOS,olo
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-12

Record Bank Clearings. Exchanges
at the New York Clearing House yes
terday established a new high record
for a single day, with total Of ST.
1892.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-12
Finance Economics

GARET GARRETT, Editor
WALL STREET OFFICE: TelephoneI
Mills Building 10 Broad St Hanover 6b1%
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-12

Bank Exchanges-The days clear
ings at New York and other cities:
Exchanges. Balances.
New York. -. 81, 1852, 738,e2f $48,979,9o3
p.,t,mor. 7.ee6,s86 702,767
Roston 64,740774 7,727, sos
Philadelphia. 53,714SS4 100000
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-12

Sub-Treasury.-New York banks lost
TO the Sub-Treasury sss9,OOo.
Silver.-Bars in London, 34h pence;
New York, TN cents; Mexican dollars,
55h.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-12

ganda setting forth the unlimited
nature of investment possibilities in
the Cars domains. They are po-
tentially inexhaustible and thinking
Of them produces at last sensation
of dismay. It has been suggested
recently by British financial writers
that Great Britain and France will
have too much else to do after the
war on their own account, and that
Russia might oblige them by look
ing to the United States for capital
in endless quantities. The rate
would be pretty high, no doubt, but
even if it were or 7 per cent, a
country like Russia might be justi-
fed in paying it. 1t is a question
whether either France or England
will be able to lend very freely else
where, after the enormous demands
of their own situation and that Of
their daughter countries are salts
fed. All of these commentators
leave Germany out of the equation.
They would send Russia to the
United States for capital, even
though it cost her 7 per cent, where
as whatever else happens Germany
and Russia will be adjacent in Eu-
rope after the war, and Russia will
offer the largest single European
market perhaps for industrial goods.
What she requires is not gold or
money, but industrial products, such
as Germany sold TO her before the
war, and will sell to her again after
the war is over. Unless Russia's
allies in this war can finance her in
peace and give her a market for the
things she has to sell, she will trade
with Germany very much as before.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-12
Old Engines Eat Coal"

1t is impossible TO appraise the situs-
ton accurately without taking account
Of the railroad use Of coal.
Washington Journal., 1916-10-20
Xander s. PIugge,

1917 Siebente Strobe. Y. @.
Selepbon Norib 753.
gipe @bisties. $1.25 Die @ouone; 40e
bas Quart unb aufmdrtS. @eicnperS Sns
perial. 6 Sabre aft. SO Die @nIIone. 75e
oas 0uart. Oh MeIinble. s Sabre alt
81 bic @allone. 81 bas Quart. @uter
alter Bourbon, WRaIt bon Scotd &biss
Ten. California GberrieS. 81 uro $i.50
Die 9nIone. 25c uno 50c ous Chart
Seine importierte Sberrp obcr Sortiucine
SO bic @nlone. Coo oaS Quart. Nlc
Sorten 8ranoieS. Nums uno Gins. Gas
~Iiforniidie iino importierte Glarets, iuiuie
eiaene Yrelfung. Gue Sorten @eibiueine
uuo Nbcinipeine.
EreisIiite sur gerfisnns.
Washington Journal., 1916-10-20
Reserin ssGpn9t.

~ y W !.
Die Hsserin Gonnelp, beren SObn
bsf9ulOigt pirO, in einsm STREET., an
tpeldem Die Mutter teilnabm, einen
peiBen Jarmer get0tet gu boben,
pltroe neuli9 nd9ts aus Dem @eFdngs
mis- in 2eorp, Ga, geboIt unb gez
Ipn9t. Qm foIgeuoen Sage fanO nan
bic mil &ugeln geipidte 9ei1e. Der
SObn beFinbet ii9 nod in 9aft.
poIttit fiibrt gu MOro.
81. 6. SbOmas, @orfbsnoer bcs re-
publitduif9en 3entroltomitees bon
Sanders Gountp, lit in MiToulo,
Mont., an einem qiitoIenI9uB geItor=
ben, Der ibm BON SRI. Gbitb Golbp,
elmer 8eri9teritatterin zines glottes
in SbompIon Sails. Mont., beisebra9t
tporoen mar. Die GGterin befinbet
Ii9 i'm @efGngnis. Sbomos peri6ieo,
obne cine MusIase iiber ben @orfaq gu
MAIDEN; Senator 6. 0onlan DON
MiFould, Elm 6reuno bes Soften, Tdgte
inbefIen, Die Mffaire lei bic 5olgs elmer
laneen politifden 5ebbe.
Washington Journal., 1916-10-20
9nfono.
BGder brrlamsen SsrbOt Der
&ei3emausfubr.

BeMebiftiner Stbt feiert aDlOenes Gu
biIdnm-Sieg Der @einnObeter tn
Ncp YOrt-S iertranSpUrt-p rusef
fol- beihlennist nerSen = 8eate-
run9 mill 3alifabrif bnnen.
Washington Journal., 1916-10-20
ING
uSG fibIe mid SopiliGtct, Der
IeiHeuben MeuThheit

sttuaB bon Or. IsiIss' Unit. 9ait Silett sl Be.
rihten. SD betrndbte re ais rine @ottesGabe
unb ennn laum Wprte ftnben. tint meine Tnnt.
bartlett far Elm lolcbe8 6eiln,ittel ansSuoriden.
Gar oft. tuenrt bic Shmcr5et 5u gruS tdiereii.
uni mid nui Der Dibne er1heinen 5i Inicn. bas
ben bieIe 1ilen mir iibe 1uoerung rerirtaiit.
Jb babe
Or. MileS' Nnti.1ain Hilcn
I&on asbn Sabre eebraubt unb mill ben aeuten
INNER bon ibrer 9eiItraft ersdbIen. "-Hep. X.
N. HentIeu. 4ecturer. SbeIbpuile. Sno.
Yerlonen, bic iid] leid5t aufreaen loI>
fen ober nerboie Mnfdue ooer Gopfipeb
betommen mad @eiiih Der Stride, oes
Sbeaters ooer nnoern geicaihaftliden
8uIommeniiinften, finben in @r. Otiles'
Nntis Rain 8ilen einen Gdten Sreuno
In Der Not. Man bnIte Glide Rillen i'll
Der Snihc unb nebme cine ipein notig.
an alien Npptbefen. Silit bic critic
G&aGteI nidt, 5urii6 fuutmt SIR Och.
The sea coast echo. [volume] (Bay Saint Louis, Miss.) 1892-current, 1916-01-08
Rice Propaganda To Nation
alize Southern Food.

Reports from various sections Of the
Rice Belt indicates substantial re-
sponse to the plan of rice growers and
millers to create a fund of $4,000 to
$4,000 a year, for three or more years,
to nationally advertise rice as STAN
dard food. 1t is likely the rice leaders
viii meet in Beaumont early in January
to perfect the organization of separate
association whose sole purpose will be
TO put rice on the daily table of the
American public. The New Orleans
-Picayune in discussing the Gulf
Coast oyster industry, pointing out the
eheapness of oysters and its values as a
food, takes occasion also to commend
this other Gulf Coast prduct and said:
"Another Louisiana and Texas product,
rice, can claim the same advantage Of
remaining practically unchanged in
price when nearly every other food pro-
duct has gone skyward."
1t is this fact that is so largely res
ponsible for the present movement to
nationally popularize rice and it is
generally agreed that the time is op-
portune for carrying, out this ambitious
program.
The sea coast echo. [volume] (Bay Saint Louis, Miss.) 1892-current, 1916-01-08
Greenwood Bank VIII Test
Mississippi Law.

Greenwood, Miss, Jan. 1.-Two banks
here are to test the law creating the
equalization board. Suits were filed in
the Circuit Court of Leflore county
Wednesday by Stokes V. Robertson,
state revenue agents the First National
Bank and the Greenwood Savings Bank
for the collection of taxes assessed
against those institutions.
1t is virtually test case to try the
constitutionality of the law giving the
State equalization board the power to
raise assessments. The banks gave
their assessments in to the County Tax
Assessor, j. E. Dennis. which assess
.ments were increased by the board of
supervisors. The State equalization
board in return again increased the as
sessments and the banks refused to pay
the letter assessments but offered to ray
the assessments of the board of super
visors.
The sea coast echo. [volume] (Bay Saint Louis, Miss.) 1892-current, 1916-01-08
BAY BRIDGE COMPANY
WILL ORGANIZE HERE
NEXT MONDAY NOON.

A charter to do business was granted
this week by the State of Mississippi
to the mississippi Bridge & Turnpike
Company" which company proposes
to bridge with concrete and steel the
waters of the bay of Bay ST. Louis in
the immediate future.
The fee paid the State for this act of
incorporation, and which was promptly
paid, is $4,000.
There will arrive in this city on Mon
day next the people behind this project,
headed by Hills F. Hackedorn, of In
dianapolis, Ind, and Howard Egleston,
of New Orleans, locally represented by
Attorney Robt. L. Geuin.
Having secured the necessary char
ter, these gentlemen will come here to
organize their company, elect officers
and get down to work.
1t is proposed to begin work within
the next ninety days, and The Echo is
authoritatiyely informed the bridge will
be completed for December, 1917, in
time for the opening of the Centennial
Exposition.
The sea coast echo. [volume] (Bay Saint Louis, Miss.) 1892-current, 1916-01-08
Gulf Coast League Begins Ac-
tive Work.

Announcement was made at Mobile
that active work of the Gulf Coast De-
yelopment League, suspended during
the holidays, will be taken up immedi-
ately after New Years with the inten-
ton to complete the campaign in sixty
days. Contract for the big five years
program OF advertising and exploiting
the Gulf Coast County for settlement
and development and for wealthy tour
lists, has been awarded the Thomson
Bryan Ellis Company of Washington,
Baltimore and New York. John A.
Fox is in charge and associated with
him is DR.. H. w. Taylor of Mobile,
secretary of the League, officially re-
presenting the organization. President
Henry Hall, who is president OF the First
National Bank of Mobile, is active in
the movement and has enlisted the fin-
ancial cooperation of other leading
hark9 ard large cut-oYer land owners
in the Gui Coast Country.
Coincident with the Gulf Coast movess
ment the announcement is made that
the Mexican Gulf Hotel at Pass Christian
has been completely remodled and that
K. Frank Taylor, lately OF the St.
Charles Hotel, New Orleans, has been
placed in charge and will open this
famous resort, with its golf course,
about the middle of January. A.
Aschaffenburg and Arthur B. La Cour
of New Orleans, who have taken lead :
ing part in the Gulf Coast movement, ARE
the new owners of the Mexican Gulf
Hotel.
The sea coast echo. [volume] (Bay Saint Louis, Miss.) 1892-current, 1916-01-08
Office Of County Attorney For
Hancock Should Be Created.

We notice that some of the counties
of the State are establishing the of
fice of county attorney. This is being
done under the provisions of the law of
1915.
Under the scheme provided for BY
this law, the Office can be created q two
manners, either by the Board OF super
visors or by petition OF the qualified
electors Of the county.
There was at one time talk OF re-crssr
ing this important Office in Hand
county. There are many good reasons 1or
this step-a step in the right direction.
We might here mention score OF rea-
sons, but few will suffice
Though there would always be an at
torney in the justice courts to prosecute
felony cases, the majority of justices of
the peace are inexperienced and this
would give them some one to advise
them ani keep them on the right path.
The blind tiger and pistol toter would
have some one on his heels.
The Grand Jury would have some one
to advise and assist them while the Dis
trict attorney is busy.
The principal reason OF all, n our
opinion, why this Office should again be
created is that with a County Attorney
who would do his duty there would not
be the usual score OF witnesses drawing
pay and who know nothing of the case
for which he or she has been summon
ed. Not only is it useless expenditure
of money to have witnesses at court
who know no facts in the case, but it is
an Inconvenience to such witnesses who
could put their time thus spent to bet
ter advantage if at home.
If the functions of the Office are pro-
perly discharged in all felony cases, the
County Attorney would have the names
of witnesses to be called, and thus many
witnesses who know nothing OF the case
would be spared an unnecessary "trip to
court and the time of the Grand Jury as
well would be spared.
The valuable time of Circuit Court
would be saved, and be it remembered
that each day of Circuit Court costs in
the hundreds of dollars, and if a county
attorney could save at least two days
of the term of court, which wouldmean
four days year, he would we'll have
earned his salary and in this particular
instance atno extra expense to thecoun-
ty.
We would also have the State repre-
sented in our justice courts.
Would not be worth something to
Hancock county to establish tbir ofhcep