davidaulloa/AmericanStories huggingface dataset:
South Bend news-times. (South Bend, Ind.) 1913-1938, 1916-06-30

will pay to the beneficiary OF every
employe dying in its service a sum
equal TO five per cent OF his last
twelve months salary. multiplied by
the number of years Of continuous
service with a minimum pay of $3.50,
and maximum payment of one
years salary but not exceeding So
600.
The president stated that the plan
would be tried for two years. but ex-
pressed hope that conditions may en-
able the company 10 continue IT in
effect for the future.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1916-06-30
POSTAL APPROPRIATION
CARRIES 322 MILLION
After Months Debate. Measure
CsOCs Through SenatC-Three
Changes Are Made.

WASHINGTON. June so. - The
annual pOstoffice appropriation
carrying $500. 10000 was passed
Thursday by the senate after de
bate begun more than month ago.
Differences over the railway mail
pay provision and other sections Of
the measure probably viii prevent
fnal agreement I'm conference be-
fore july I and force continuance
OF existing postal appropriations
with The coming fiscal year
Three important changes were
South Bend news-times. (South Bend, Ind.) 1913-1938, 1916-06-30
WANTE0-50OM MEN

INDIANAPOLIS. Ind. June 30
A call for doctors. male nurses and
hospital apprentices for the army
medical corps has been received by
Lieut.. +. r. CoppOck. L. 5. A. re-
cruiting officer for Indiana The
order says that the medical corps
naads 500 man Immediately.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1916-06-30
FLAG FOR BATTERY B
Purdue Alumni Give silk Trophy to
Student Fighters.

FORT BENJAMIN HARRISON.
Ind. June 30.-The Purdue Alumni
association Of Indianapolis presented
a large silk flag 20 = battery OF the
Indiana national guard Thursday af-
ternoon. The battery is composed
OF Purdue university students. o.
c. Ross. president Of the associa-
ton. acted as spokesman. A large
delegation OF former Purdue stu
dents witnessed the presentation
Mem bers Of the alumni association
will be guests Of the battery tomor-
row afternoon.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1916-06-30
WESTERN ROAD TO TRY
NEW DEATH BENEFIT
To Pay Beneficiary > Per Cent of
salary Multiplied by Number
OF Years i'm Service.

CHICAGO. June 3O.-The Atchison.
Topeka and santa Re railway sys-
tenn has decided on a plan OF death
benefits for the beneficiaries OF all
employees in the service two or more
years. II was announced Thursday by
IF g. Ripley. president.
Beginning July l. the company
South Bend news-times. (South Bend, Ind.) 1913-1938, 1916-06-30
SOLDIER BLIND FOR
IS MONTHS CAN SEE

BERLIN. June 3O-After fifteen
months OF total blindness Lieutenant
Ostinger OF the Eighty Prus-
sian reserve infantry has fully re-
covered his eye-sight- He was badly
wounded by a piece Of shell on the
western front in December. 1914
South Bend news-times. (South Bend, Ind.) 1913-1938, 1916-06-30

believe in that, too. but they do not
act that way. There are some men
who don't believe in anybody's ad-
vice but their own
This statement caused a laugh in
ingly remarked. Il am not talking
politics" There was another roar
Of laughter from the crowd and the
president quickly added. Nor was I
referring 10 any individual"
South Bend news-times. (South Bend, Ind.) 1913-1938, 1916-06-30
MEN WEARING GLASSES
ACCEPTED FOR ARMY
international News Service +:

LONDON. June SO.--Prior TO this
war no man who had TO wear glasses
was accepted III the British regular
army. But with the formation OF
the enormous Kitchener armies.
drawn largely from those used TO
desk work and other sedentary oc-
equations. the rule was relaxed and
many recruits were allowed TO retain
and continue their 'pince-nez" or
spectacles.
Now il is learned that after under
goinG a few months training NAM
South Bend news-times. (South Bend, Ind.) 1913-1938, 1916-06-30

When he left the hospital six months
later he was blind Some weeks ago
De consulted famous specialist who
after an examination decided 10 per
form an operation. which proved
completely successful
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-25
Better Safe Than Sorry.

Il seem. incredible, but il is true,
that there are millers who, even under
existing circumstances, are so anxious
TO get orders on their books that they
cannot torbear making price conces-
sons and terms of sale that are pre-
posterously out of line either with
present conditions or future possibili-
ties. Sales for immediate or short
time delivery at prices which show q
certain if small profit are the only
transactions that can be counted safe
in these times. No one can afford TO
take chances based on the probability
that business will be as usual four or
five months hence. Ii is certain, how
ever, that whatever happens one hum
dred million people in the United States
will want and must have their allow
ance of daily bread. Natures demands
will not be denied: this at least is sure.
The miller who is prepared 10 supply
this demand. as il comes and when it
comes. taking no chances on the fut-
ure, will be safe and secure. lie who
attempts 10 trade on the theory that
all is to be plain sailing, is going to
find himself sad and sorry before he
sees the next rop.-Northwestern Mil
Ter,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-25

From the beginning Of the war
Europe has been obliged to consume
more than she could produce for her
self. She has consumed her own pro-
duction and our surplus besides. The
deficit is tending rather to increase
than to diminish. The cost of war is
rising. First the demand upon this
country's resources was mainly for
munitions, foodstuffs and military
accessories. Latterly it has been en-
larged to include the materials with
which to MAINTAIN the railroads and
other industrial equipment Of Eu-
rope. There has been, for instance,
a very large increase in the demand
for locomotives, freight cars and
railroad steel, which means that with
s. much of her own industrial ma
chinery employed in the manufact-
ure of munitions Europe has been
unable to keep up her railroads. To-
comotive and car shops having been
converted to shell and gun making,
and the locomotives and cars with
which the railroads were equipped at
the beginning Of the war having be-
gun to wear out, these things must
be imported from the United States
This is the only country that can
supply them. It is probable that the
cost of the war will 90 on increasing
ir unexpected ways, as the wear and
tear upon the industrial machinery
Of the belligerents shows more and
more. Europe at this rate is going
rapidly bankrupt. She is using up
her capital. 1t is tragic to think
that her success in war depends upon
the switness with which she can
DESTROY it. The faster the better,
for purposes of war. What will come
afterward nobody knows.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-25
The Report.

The text of the Loree report says:
During the year ended July 3D. 1910
there were returned to the American
market securities of the par value OF
ss07,ss1 sos. During the six months
ended July 81, 1915, there were re-
turned securities of the par value OF
$3.50. s92,135. There were held abroad
on July 81, 1916, securities Of the par
value Of s1,I5,62s,563, and having a
market value Of 1O,o99,Oe0.
"At the time this inquiry was first
undertaken II was ascertained that the
securities held abroad on January 81
1915, we're Of a par value OF s2,7O4,-
4O2,364. Information was received from
144 railroad companies. being all the
railroads in the United States over 100
miles in length, and 105 companies re-
ported securities held abroad. To the
extent that sales Of securities for for
eign account were made in American
markets after the months in which the
data were determined and before July
81, the return is understated.
"The stocks were identified by en-
tries in the transfer books of the
issuing companies. To the extent that
they may be carried in the names OF
domestic bankers, brokers or lnstltu-
tions for foreign holders, the amount
would be understated. The bonds were
in the main, identified by the slips filed
by the payee under the provisions of
the Federal income tax law. Where
interest is in default there would be
no income tax certificates in respec,
oftcoupons not paid, and to that extent
the amount would be underestimated
except as the facts have been deter
mined by the issuing company from
other sources.
There are no quotations on the
American exchanges for securities ex-
changeable for francs or pounds, and
It is not probable there would be any
transactions in such securities in this
country. There have, however, been
several cases whereby the issuing road
took up It's securities held In France
Further, where such bonds are in de-
fault, It may be that there will be
issued In place thereof, when reor-
ganization is carried through, bonds
payable in dollars, but the amount OF
such bonds in default Is not great II
is believed that this information Is OF
such general Importance, as we'll as
such particular Importance to the rail
roads, as to warrant . continuance OF
this investigation"
The results Of the Loree census will
be seen at a glance in the following
table:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-25
A Divided Household.

Public men are not blind to the dam
ger inherent in the bi-lingual agitation
and the political aspirations of those
who are in control Of the French Cana
dian population. There are some who
90 so far as to declare that relations
between Quebec and the rest of Cam
ada are almost exactly analogous TO
those between the Southern and North
ern states which resulted in the Amer
lean Civil War, and that French speak
ing and English speaking Canada are
moving toward Just such a struggle for
political control. The industrial men
ace from Quebec Is not so clearly rec
ognizcd
Northern Ontario will probably be
played against Quebec. IL is proposed
to attract British settlers after the
war by q generous land policy. The
Premier Of Ontario is now in England.
where he has discussed such settlement
with officials of the Salvation Army and
others. Such q plan may strengthen
the English speaking element politi-
cally, and, TO some extent industrially,
but Ontario is facing the growing COM
petition Of province where the drain
of war has hardly been felt, where the
standard of living is much lower and
the birth rate higher, a province. too,
the natural resources OF which fully
warrant enormous and rapid develop
ment. Il is problem indeed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-25
Great News.

After the story of the expulsion no
new thing remained to be written.
Yet here is book to rise like peak
cut of the worlds confusion and tor
ment of thought. 1t is called line
Great News" by Charles Ferguson.
l. is a book about business, unlike
anv book that has been written on
that subject since the invention OF
credit. which enabled the trader VINO
borrowed his capital first to over
throw the great merchant princes
and then to possess the earth. 1t is
dedicated to the proposition that all
this human affair may pc made ra-
tional, and that this may be achieved
through the very agency which has
plunged US into chaos, namely, busi-
ness.
What is business? 1t is what you
will 1t is the great adventure. 1t
Is tie means to great living. 1t Is
the servant of human welfare. Or
j, you make it so, it is thing uncon-
trollable, like the Frankenstein mon
ster. for. as the writer says:
The simple truth is that tho rise
If modern business is fact OF such
proportions that corporation lawyers
and old-school statesmen are gen
orally quite incompetent TO deal with
Il The community Of business in
tcrests, being intrinsically stronger
than any other extant political agen-
cv. cannot be broken in pieces by
anv force that the state is able TO
command except military autocracy
and war On the other hand, It is
becoming evident that this new power
of unsocialized finance, II allowed TO
develop further in an atmosphere OF
moral nullity and legal fiction, Is ca
pable Of the works OF the very devil
even 10 the destruction OF society
itself.
It is greater than any political
power that seeks to control 1t, and
the sources of it's strength are main
ly these four:
First, it operates all the time while
the party expresses itself only once
in a while. Second. 1t deals with
tangible things that people really
care about, while the parties deal
mostly in abstract ideas and vague
documentary promises. Third, II
settles the material conditions Of
everybody's career. while the parties
settle little more than the careers Of
politicians And, fourth, the BUSH
ness system has the energy OF con-
tinuous motion and adventure, while
the parties have only the energy Of
criticism and resistance.
The reason why the power of bust
ness has been so largely for moral
woe, the writer thinks, is that so
ciety has treated it in hypocritical
manner. He says:
The business system has been
forced into self-con,radiction and
has brought disaster TO the world.
because it has not yet been treated
with moral seriousness. In Great
Britain, France and the United States
the business man has an ambiguous
status. The fcudal tradition that a
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-25
A Potential Supply.

In the event Of war, it is estimated
By "The Engineering and Mining Jour
raj" this country would need approx
mately 10000 tons OF nitrogen in the
form of 10000 tons OF nitric acid a
year. In 1915 enough bitumnous coal
was mined in the United States 10
yield, if properly treated, 100000
tons Of nitrogen. which could produce
$500. 900 tons of nitric acid, or, on the
foregoing basis, enough for twenty
years Of war
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-25

One function of price is to govern
the rate at which people consume
goods. When there is an over
production Of goods prices should
fall, and demand for that reason
should increase; when there is an
interpretation prices should rise'
and the demand for that reason
should diminish. The price in this
function is working very badly
There is an interpretation OF
goods in the world, or rather an ex-
cessive consumption, owing TO the
demands Of war, and prices are
rising rapidly; but the consumption
goes on increasing. Wars demand
is imperative; the price is a sec
ondary consideration. 1t is doubtful
whether the rise in prices has yet
diminished the domestic demand for
goods. There is no evidence that II
has. Because Of the enormous IN
crease Of money, credit and wages
people are able 10 pay high prices.
We are producing a great surplus Of
goods. We are exchanging that sur
plus for the gold, the securities and
the |. o. U. notes Of Europe. If we
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-25

In Bradstreet's one reads of a
"veritable groundswell' Of new buy
ing at all the leading centres last
week. Undismayed by high prices,
trade rose to newhigh levels. Jobbers,
wholesalers, retailers and manufact-
urers all increased their buying.
They are fearful, one reads, lest
there be not goods enough to go
around later on" What they think
thew fear is that the supply Of
goods may fail What they really
fear is that prices will go on rising,
so that unless they buy at once they
will have to pay more later. They
are thinking Of prices and not OF
goods. 1t is preposterous to think
of a scarcity of goods in a country
that is selling to other countries a
surplus of merchandise at the rate
of $4,000, 100000 a year.
There is no possibility Of actual
scarcity unless in our stupidity we
oversell for gold and part with
goods which should have been re-
tanned for our own consumption.
That could happen with wheat. We
might easily over-export wheat out
Of our small surplus. In that case
wheat might go to 81 or So bushel'
end we should learn to stop wasting
bread. We should not go hungry
There are goods enough to go around
and will be later. Prices neverthe-
less may go much higher for every
thing. That is what the jobber, the
wholesaler, the retailer and the
manufacturer fear, and that is why
they have suddenly increased their
buving. In the basic industries,
such as steel and copper, there
was very heavy buying last
week on foreign account, or
the news Of it, cancelling again
the prayer on the part Of domestic
consumers for lull in the European
demand. There is now the habit OF
marking prices up. Every one who
has anything to sell holds 1t for a
higher price. Apparently nobody
has to sell anything, whereas every
body is obliged to buy.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-25
were receiving goods in exchange fc

were receiving goods in exchange for
goods in the normal manner we
should be surfeited Herewith and
prices would fall. But as we are
receiving gold and credit in exchange
for goods there is an over-abundance
of money and credit with which to
buy goods and no corresponding in
crease in the amount of goods to be
bought, wherefore prices rise, and
will 90 on rising so long as this
abnormal situation lasts.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-25
Monday, September Is, 1916.

The whole country appears to
have been seized with a malady
called on the Stock Exchange a
bear panic. A Wall Street man
knows what that emotion is. He
has analysed it so often at his leisure
that he is conscious of it when 1t
happens to him, though even so ne
is not always able to save himself.
With most people it is unconscious.
A bear in a panic is one who is sud
denly and Historically converted to
the idea that prices, after having
risen in an unbelievable manner,
will yet rise a great deal more.
Then he buys, without standing
upon the manner Of doing it, throw
ing caution and experience to the
winds. He does this either to stop
q loss actually suffered by rise
which he fears will continue, or to
overtake an opportunity in which
the profit he might have made is
counted as q loss. One who has
sold stocks for fall and has seen
them go up and up, will suddenly
lose his nerve and become panic
stricken. Then he buys at any price
to stop his loss. Another has stead
lily refused to buy stocks for a rise,
has seen them go up, and has
counted the gains he might have
made until he, too, becomes panic
stricken and buys impulsively, re-
solved by haste and headlong faith
to make up the profit he has lost.
The loss in one case is real, IN
the other imaginary. The emotion
in both cases is the same. And 1t is
the emotion that now governs bust
ness throughout the country.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-25
Quebec the Rich Stacker
Canadian French Prosper Industrialy While ontario
Neighbors Are Away at the 'front.'
.Bv S. ROY WEAVER

for the mos. part Just now certain
manufacturers in Ontario, secure IN
strongly protected market, are daboling
in the production of toys as side line
They are making as much money as they
can out of the new industry under con-
ditions admitted by all TO be only tenn
porary, and arc waiting for an an
nouncement Of the governments policy
before considering closely the future OF
the Industry or deciding whether TO
embark permanently in the new field.
They recognize Quebec's decisive ad-
vantages and admit that the majority
Of plants for the production Of toys
will be established there.
What has been said of the toy indus
try is true in varying degrees of other
lines of production. There has already
been an important development in the
boot and shoe industry in Quebec. Some
years ago that province was manufact-
uring a larger proportion Of Canadian
made boots than it is to-day. The ac-
ton Of Quebec labor unions more nearly
equalized the costs Of production. with
the result that Toronto, London. Gait,
Berlin NOW Kitchener) and one or two
other Ontario cities have captured
much Of the trade in the finer goods.
There are two apparent possible re-
suits Of the cheaper labor supply IN
Quebec: either an extensive migration
of the French Canadians TO Ontario, or
a movement of industries TO Quebec.
Already several hundred French-Can
dian workers have been brought to help
in Ontario munition factories. Condi-
lions have changed, however. since
New England was able to lure across
the border such large numbers OF
French Canadians. Quebec is more
prosperous to-day, and the French
Canadians are more united in provin-
cial and nationalist aspirations. There
may be a gradual industrial penetra-
ton Of Ontario by French speaking
workers, but concurrent with 1t will
be industrial activity in the lower prov
ince itself on a greater scale than ever
before.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-25
jealousy Between Provinces

While all Canada is benefited by the
industrial development Of any part Of
it. Ontario naturally would resent be-
ing surpassed in such development by
Quebec, when the latter's advantage in
the unequal contest was largely "un-
earned" and "undeserved." There is
already a growing demand in the Eng
lish speaking areas "that the province
which is too proud to fight should not
WELD disproportionate political power
in the future" Whatever measures are
taken for the political protection of
the English speaking provinces are
also likely, per Sc, to afford some in
dustral defence.
Fortunately matters Of trade and
commerce are under the jurisdiction
of the government, so that trade war
between the provinces, beyond a posi-
BILE boycott, is out of the question
There can be no recurrence of those
early conditions when the lower prov
ince collected all the import duties and
by reason Of its geographical position
of strategic advantage, practically
made its own terms with Upper Can
ada.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-25

1t is easier to sell than to buy.
Therefore, people are more anxious
to buy than to sell. This is true of
stocks in Wall Street, of jewelry in
Maiden Lane, of wheat in Chicago,
of steel billets at Pittsburgh, of
things to eat and wear and waste,
here and everywhere.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-25

France exported to this country
last year more than S3,000,000 worth
OF perfumery and soap. This was
nearly double the amount bought dur
ing the previous year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-25
Toy Industry Expanding.

The industrial boom in Quebec can
already be detected. There hiss been
greater activity of late on the part Of
its municipalities TO secure new indus
tries. A number of important concerns
controlled by Enslish-speaking inter
ests. already located in the lower prov
ince. are extending their plants. Al
least one toy manufacturer has been
coaxed away from Ontario by Quebec
advantages in cheaper and more abun-
dant labor In fact, the Canadian toy
industry. il it develops at all, looks
very much like q Quebec proposition
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-25
DISSOLUTION NOTICE.

PLEIsg TAXI 'HCTicE THAT tn
.s,,nsr.hfp hsrefof1fe conducted uhQe.
- ,sros 81 "NICDOshLD" cornpoheo ~
a.. undefsigns1. ara doirr business q, 70
.s9 pm Avenue, in me borough or Aan'
I.ttsn. cry 81 New YORK. hss th' os'
-, olssolYsl. ~ mutual conrsnt 49,
D,f.1 gsu Teri, esyfsmber az, WV
lIARFIHT ! MACDONALD.
gEC RIGHT.
AA4CAEET MACDONALD.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-25

Some American houses ;" -,
sales OF perfumery and '0''e' .,,,,,
arations to foreigners have u ,,s
anywhere from % to 80 per e'A' 3
1914. The elimination ei " ole
a competitor has helped INV" n
particularly in South Ameri'' ,,,s
users have found that our en'' c.,-,
are jus, as satisfactory as INC .
mad. articles to which they I'VE
eustomed and our goods have n -, y
long enough in the field 10 ,.yn :
prejudice which existed W 49,, =
the Gcrmsn products !" u. =
stance American manu'~'.S ,,;s
going after the trade sensiOp, ., !,
the people what they want ~, N
tn. kind Of package they pref, r,,r
the trade is worth the eaor, n. krf
nuai imports of perfume ey , .r y
tine Republic in norm"
valued at $i.200.ooV.