davidaulloa/AmericanStories huggingface dataset:
Evening star., 1917-10-21
BY I, A. FLEMING.

No measure put upon the statute
hooks In recent ears has caused SO much
confusion as the new revenue bill; none
been harder of explanation and with a
very large number OF clauses that are
not easily made plain and understand
able, 49,
So great a corporation lawyer as Levy
Mayer Of Chicago. one Of the very nrst
70 counsel in the formation Of practi-
cally the frst modern trust company
and who has launched many on tho busi-
moss sea, has this to say of the excess
profits clause:
1T will take at least 100 hearings be-
fore the excess profits law can be made
clear, and by the time We have gone TO
the bottom of obscure clauses we will
probably fnd another revenue measure
on the books to take the place of this.
That was the case with the flrst war tax.
Disputed points in that law have not
been cleared as yet. No doubt all Will be
Strengthened out In time"
Hearings are to be held before the
commissioner of internal revenue. and
corporation lawyers expect. within few
weeks. set of rules ana regulations
definitely setting forth basis for tax
computation and collection, to emanate
from the revenue bureau.
Perhaps the muen .aooted invested
capital will then be defined to the sat
isfaction OF many Washington men.
Local Securities.
Lower prices on Washington Gas
shares Railway common, Graphophone
s. and Washington Market Cold Storage
S. have marked the week in the local
security market.
AS has been frequently stated in this
column, this IL no time to sell invest-
ments unless ready to accept the best
available bid. and the best bid is pred
icated on the prevailing conditions
and the theory that the cheaper a stock
or bond can be purchased the better the
investment.
There was reason for the drop in
washington Gas-weakness in this
class Of stocks all over the country,
enforced cutting Of dividends, here and
else whore; difficulty In obtaining coal and
other headed materials and high cost
Of labor.
Paying unearned dividends IL not a
desirable policy even from q sharehoid-
er's point OF view, while keeping the
property In high degree Of eficiancy,
Wath AMPLE -Aspvscaataeu aad znatnts.
Evening star., 1917-10-21
PRINT "SHIN PLASTERS,"
TREASURY CASHIER URGES
One Of Several Measures Proposed to
Meet Need for Small
eusrsaeys-- --------.

The impossibility of supplying de-
mand for paper currency of small de-
nominations and subsidiary coins to
to C g. Pearce. cashier of the United
States Treasury. = remedy and relief.
He proposes that big concerns. OF ap-
proved credit, which means Z guarantee
Of thsir obligations. themselves print
sheeiks Of the face value Of 81. 81 and
-, In sufncient quantities to meet the
snail dissemination. Such checks. he
s99gsst:. might. without any evasion
Of law. be used to augment the supply
Of larger bills in paying on large num-
oers Of men, To meet the need for SUBJ
sssus TO son .tna Of shin
paper currency OF s.. 10. rs and so cents
race value-such as were printed and
circulated during the civil war. Such
fractional paper currency. however he
bullion. 10 that 1t would not be fiat
pisstsra." Cashier Psares Pc a'nls caiis .,ssnn tenn
tion to the fact that Great Britain,
Sranes and Germany have all found II
necessary to substitute paper for sub
oidiary coins to meet the needs for cur
Seney OF snail denomination.
Thsre 10 no law, says Cashier Pearce,
20 prevent man from giving his check
"a his bank Tor whatever amount 80
1eng A. the funds arc there. The only
ee1sction to issuing checks as money,
when they have the GUARANTEES of imam
etal confidence IN the maker, is that the
workman aecspttng them may ind II
nseessary 70 make q purchase, perhaps
OF something to drink. in order 10 con-
vert u into cash. He believes, however.
that the check of q well-recoenixed
maker. would pass az cash in the en-
vlronment OF the workmen. and no
com!nission be exacted, directly or tndi.
rectly. i''oi
Evening star., 1917-10-21
CHICAGO GRAIN.

CHICAGO, October 20.-With husk-
ing at hand In the main section Of the
corn belt and with the outlook prom
Using generous returns. corn prices to-
day slid downward. and there was a
decided smash in the cost of pro-
visions. Corn closed nervous. u to n
net lower at 1.14% to LAY December,
and 100 to 1.09b a1.09N May. Oats
lost - to Sa%. The setback in pro-
visions ranged from 80 cents to $3.50.
A gradual but almost uniform descent
of prices took place In the corn mar
ket The general forecast pointed to
continuance of fair weather and low
temperature. whereas a return of mois-
ture and warmth had been expected to
interfere with best results in prep9r-
ing the bulk of the crop. Optimism
increased. owing to good returns from
Evening star., 1917-10-21

nance. Win ultimately yield better :.

nance. viii ultimately yield better rs-
suits.
There would seem to be but on.
good reason for selling investments
at this time. and that would be that
soms more attractive investment might
be made. Few Washington securitias
or bonds have broken in measure pace
with that OF the great railroad and in
dustrial shares OF the nation. or even
IN pace with some Of the wonderful oil
stocks. standards Of the several states.
which have suffered because Of the
fever Of liquidation and which are AL
most sure to rebound
Public utility corporations and the
great public carriers must wait the
pleasure of public utility commissIons
and the Interstate Commerce Commits
sion for relief that all other manner
Of trades. merchandising and service
and mark UP in season and out of
season whenever the spirit moves
Banks Footing Big Bills.
The banks Of the District of Columbia
and of the nation at large are footing
big bills these days In conducting the
sale Of second liberty loan bonds.
Extra help. advertising, assessment
to the $4,000 fund, light, stationery, all
in all make the canvass costly. But
the banks are getting some measure of
reward the returns coming in the
form of customers opening new ac-
counts, friendships that pass along the
word Of mouth advertising. often lead
ing to pleasant and profitable relation
ship.
Who Are Hurt in the Decline.
After making new low records dur
ing the current week on Wall street,
railroad stocks show some inclination
to recover part Of their losses. nothing
In ratio with the decline, but 4 few
points here and there.
Who have been hurt by the decline In
these shares?
s. Davies Warheld. president Of the
Continental Trust Company Of Balti-
more, gave tho answer in his address
before the recent meeting of the In
vestment Bankers Association, as fol-
lows:
Fifty million people. nearly .one-half
Of our population; one million tndividu-
ais, owning $4,000. 900; life in
surance companies. with 4e.000.000 pol
icies, owned by $4,000 persons. holding
81. $50, ,o0o, 900 Of securities; 100000 de-
pos!tors in savings banks. owning
jN7, 900, 900 of securities: other in
surancs companisA AkAs masane. easus
Evening star., 1917-10-21

trail Chic. where yields were said 70
average fifty bushels an acre.
Weakness Of oats resulted from syms
pathy \ ith corn.
Sensational price breaks which ac-
companied urgent selling Of provisions
came for the most rart after opinfon0i
from experts had been circulated that
the potential hog supply had bsen gen.
orally put far too low. and that the
receipts of hogs would be on . broad
scale when the feeding Of the lelT
Evening star., 1917-10-21
| viii Sell

$1,000 Potomac Consld. So at -.
$4,000 G. G. to CT. Falls 81 at 36.
$500 Colonial Beach 6s at 66.
$4,000 Washington Gas 6z ut Ioo.
35 Capital Traction at 6OA. -
2S wash. Rwy. 4 EIec. com. NJ %.
70 Wash. Rwy. 4 Exec. pfd. 1T 7ek. a.
100 Waah.-Va. RWy. com. -ar
70 Wash.-Va- Rwy. Dfa. 80
100 Warrington Utflitfss at II.
~ WashiAgt0n Gas at % ex
10 Mefxenthaler.
10 Lanston at 20.
Riggs Nat. 1ank at 600.
10 District Nat. Bank at llk
Dupont National Bank at lO&
Bank OF Meaningless. w. Va.
Is MunSey Trust at S64.
Is Continental Trust At 1z3.
20 Northwest Savings Bank at ~. o.
1000 Miller Train Control (bia wta.)s
100 American Paper Can (bid wantso>s
1,6OO Oklahoma OIL at 81. 80
z5 Buell. Signal q Train NJ ek.
100 West Texas Sulphur Co. at 9y34.
10 Ontario Apartment at %.
100 Wash. Baseball Club (bla wanfeAIs
10 Lincoln Hail Associates.
Libe1ty bends In lieu Of eash Acoe11o1
in paynent.D
Evening star., 1917-10-21

the tone steady at the decline and much
bullish comment was aroused by re-
ports Of q continued strong demand for
spots in the interior at the highest
prices OF the season. Some points In the
eastern belt wired that spots were
bringing 2S cents and more q pound and
that receipts were light at this level.
weather conditions did not weigh
strongly against the reactionary tend
ency Of the market. chiefly because OF
the contention among a considerable
element that all the damage possible
due to cold already had been suffered
by the crop.
Evening star., 1917-10-21
Secretary of War Baker says !:

"In subscribing to the liberty
bonds you pour your money,
not at the feet of the god of
war. but into the lap of the
Goddess OF Liberty.
Il can see . victory, a mill
tary victory it is true, but a
higher victory than that, a vic
tory Of the spirit of America
with which we entered the war,
and which will be dominant
after peace is declared
Some are too old and some
are too young, but all may make
sacrifices in the common cause"
Evening star., 1917-10-21
l Will Buy

IS Capital Tractfon at 7oM.
- Wash. Rwy. 4 Elec. pfd. at -. J.
rs Washington Gas at 5eh ex.
20 Northwest Savings At q. :
10 Munsey Trust at g. =
10 Commercial Nat. hank at 1o2.
LOCO (nny partD oklahoma OIL af Q.
10 Gayety 1heatef.
Exclusive of commissions Subject to
previous acceptance or cancellation.
Bonds plus accrued interest. AL sxe-
cutions for cash. Deliveries fer enak
mt y0ur own bank. f-
Evening star., 1917-10-21
wiseonsin Teachers Hit La Toilette

LA CROSSE. Wis. October 20.-The an
nual oonveution Of the Western Wisconsin
Teachers Association here today passed
xssolutions dsnouncing Senator Robert NJ
La Follstta and voted that S2o0-the
erty bondA ~
Evening star., 1917-10-21
LIVESTOCK NAREr.

goods and yarns were nrm bsrs toIayssy
Knit goods are being ordered I'd
spring on duplicate business. Rux1aR .
and linen markets were very 2ueA y
with prices high.
Evening star., 1917-10-21
Bache on the Railroad Situation.

Further enlarging on the distress OF
tho railroads in their continual loss
Of net. ]. 8. Bache. commenting in the
weekly circular of ]. S. Bache & Co.,
has this to say:
The Interstate Commerce Commission
thinks It IS upheld by public opinion 1t
knows that there still exists in the minds
Of a vast majority of the American peo-
pie that inward hostility which was gener-
ated less than a generation ago by the
brutal treatment which people received
from railroad managements in the days
whom railroad managers were mighty
magnates rude and Indifferent to the pub
lie which was poweriess before them.
The public never thinks of the railroad
as public institution. It's capital supplied
by vast army of plain people. the pub
lies own neighbors or by the peoples in
stitutions. the savings banks and the great
insurance companies. and that this great
atituting it-are the ones who suffer when
injustice is done to railroads.
A recent calculation shows that in one
year the market value OF the stocks Of
close to one billion dollars-an amount
one-third of the entire second liberty loan
Taking all the roads together. the un-
favorable influences spread from one end
of the country to the other
1t is the credit of the roads, their ability
to make dividends and surplus enough to
keep them safe. that is affected by the
terribly destructive policy Of the Interstate
commerce COfntnlS1on. which has been
obstinately persisted in for years in the
face Of evidence that would make the most
hidebound unbeliever a convert.
But there is another and more subtle
phase of this condition that the public
does not consider and which vitality af-
fects every citizen. whether he is directly
or indirectly interested in railroad securi-
ties or not. And that Is the adverse effect
upon all the business of the country when
the railroads are not prosperous Bank
ruptcy OF the roads will as surely bring on
hard times as night follows day and pros
perity. profits and daily wages will di-
minish and disappear In every part of the
country when this condition Of railroads
comes about.
It was coming when the war broke out
The war postponed it, but 1t will come
after the war II a vital remedy is not ap-
piled.
Evening star., 1917-10-21
PR0fSS|0NALSC0NTRO[
SHORT MARKET SESSION
Leading Issues Show Substantial Re.
sovery for Week, Following
Heavy Liquidations.

By the Associated Press.
NEW YORK. October 2o-Profession-
H al interests and pools dominated today's s
bgisf but active dealings in stocks,
again concentrating largely upon war
issues.
Shippings responded to overnight ad-
vices with gains of IN to bh points
Atlantic. Gulf and West indies being
the strongest features. Stecis ana KIN
dred equipments increased recent ad-
vaness by to points and metals
overcams their depression. Utah Cop
Der, for example. rising almost points.
4 Ths more extreme gains also included
Baldwin Locomotive. which advanced
points TO SIN on reports OF an ap-
proaehing stock dividend. Texas COM
|fpany. ~. Cuban-American Sugar D.
American Tobacco and Republic Iron
~.
steel Issues Keep Pace.
United States Steel. the Bethlehem:
Lackawanna and Crucibie Steel kept
pace with the gains in allied shares
and leading rails averaged 70
points upon comparatively small trad
ing. Closing prices were from fractions
20 III points below the top. Sales
amounted to 100000 shares.
The bank statement again renected
local conditions Incident to the fiota-
tion Of the second liberty loan. Actual
loans expanded by about Sl4.00o,0oOi !
demand and time deposits showed a
combined contraction of S34 100000, and
reserves decreased by almost $4,000, 600.
Bonds were slightly lower, with many
transactions in liberty aus at 1910 70
Ss.72. Total bond sales (par valued
were $2.52o.0o0. United States bonds
fold issues) were unchanged on call
for the week.
Liquidation Suddenly Halted.
Liquidation in the stock market came
to q sudden halt this week after prices
had suffered almost steady deprecia-
tion for two months or more The re.
eovery had It's origin in certain well
P~asAned developments, chief among
which were the strides made in the Sec
end liberty loan campaign and the vast
ly improved industrial outlook.
The vigorous rebound in war shares
was the most noteworthy feature. ex-
Of further large contracts by the Wash
ington government under highly favor
able financial conditions were an i'm
p:iiinE factor In that quarter s .s
much Of their recovery to q cessation
Of the psssimism that attended recent
offerings of those stocks. Conditions
IN the steel industry. as discloed by the
IOSGut ISpoTt VI tHc IsSpuoiC lioit anu
Steel Company, point to the continu-
ancs Of unexampled prosperity, despite
heavy federal imposts.
Rails made less response than other
stable securities to the favorable news
Of the week, but rallied to points
from recent minimum. No definite re-
suits are expected from the hearing for
higher rates before the Interstate Com
0ofoe Commission for several weeks
at least. but the attitude of state and
loeai commissions toward the trans
Dsrtation companies is regarded as far
more encouraging.
Evening star., 1917-10-21
WEEKS RANGE OF PRICES.
Corrected to the Close of Business October 20,
at the Office of The Evening Star.



stock
Evening star., 1917-10-21
DnYGooDs MARKET.

Receipts, $50 head; no trading.
Caives-Recefpts, 1854 head; no trad
ing.
Sheep and lambs-Receipts. 1900 head /.
barely steady: Pennsylvania lambs.
f1e.o0.
Hogs-Rsceipts. 1000 head; lower.
Psnnsyivauia pigs. 1915.
CHICAGO. October 20.-Hogs-Re.
kceipts. 1000 head; weak; bulk. Is. 00a
36.z6: light. 14.b0a16.30; mixed l4.soa
1875; heavy. 1l.S6a1s.6o: rough, 14.S5a
1910; pigs, 10.5oalI25.
cettle-Rsceipts. 1000 head; weak;
native steers, 6.75a17.10; western steers
6.Soa13.e6: stockers and feeders, 6.o0a
11.<0: cows and heifers, 4.75al1.sO:
calves. s.oeaie.00.
sheep-Rsceipts. 1000 head; steady;
wsthers. 1.ooa12.5o; ewes. s25a11s5;
lambs. 1z.75a 1900.
Evening star., 1917-10-21
Money to Loan

Secured by First Deed Of Trust on Real EstaHa.
Prevailing interest and commisaien.
Joseph l. Weller. GA F St. NV
Evening star., 1917-10-21
THOMAS L. HUME, Broker
1912 G Street. Tel. M. 1346
AMERICAN
PAPER CAN, .

VIII sacrifice TOO shares or any part
of this stock TO . quick buyer. All
cash or ON liberal terms. The 06lceRD
OF this company are prominent Wssh>
inRton business men.
Address Boz i9e-p. Star once .
Evening star., 1917-10-21
Your Money

No fake or questionable ad-
vertising is allowed in The Star.
Millions of dollars are saved
by people who have been wise
enough to consult banker be-
fore investing in worthless Sc
curities. You should do like
wise.
Evening star., 1917-10-21
Millions Payable June Is, 1918.

War taxes are payable. in a bunch.
juno Is. 1913. The enormous amount,
with that date as the last on which
payment can be made, without penalty,
is likely to cause disturbance to the
money market. In all. $500. .000. 900
came due June 15, 1917, and caused a
marked disturbance.
1t is suggested that Congress at its
next session provide a way to dis
tribute these payments. SO that stu
pendous amount, nearly $4,000. .000. 900.
will not have to be paid on the same
day
Evening star., 1917-10-21

atty and surety. s64e. .00o. 900 owned /;
benevolent associations, societies. coll
leges, schools and charitable institu-
tions, $3.50, ,000, 600: trust companies
and banks, $865, 100000. and the balance
in channels not enumerated"
Evening star., 1917-10-21
Can't Dodge Intangible Tax.

Disposins Of stocks at this times
bonds also, that are subject to the in
tangible tax, will not relieve one of
the burden. The first intangible tax
will be paid on statements Of holdings
furnished during July, 1917.
Mexico weekly ledger., 1917-10-04
.DEANE CASE BEFORE THE.
.FEDE RAL GRAND JURY.
Testimony Mysterious Resident of
This City Charged With OBJ
structing Draft in st.
Louis Court
HELD AT HUNTSVILLE
Should Indictment Be Returned
Against Him, Case Will Be
Tried in Federal Court
in st. Louis
(St. louis Timesl

Among the cases 10 come before
the Federal Grand Jury, in session in
st. Louis this week, is that Of E. j.
Dean, ex-seller Of oil stock. who is
being held at Huntsville, Mo-, on a
charge of suggestion to William o.
Johnson of Audrain County, Mo-, that
he use a certain drug in his eye In or
der TO evade service in the draft.
If the Grand Jury returns an in
dietment Deane will be brought to st
Louis and held for trial. The pen
atty for violation Of the draft law by
wilfully obstructing enlistment and
service is a $4,000 fine or impris-
onment for not more than 20 years,
or both.
The case was reported to United
States District Attorney Oliver by
the father of young johnson, who is
now member Of the Fifth Regiment,
having enlisted in St. Louis some
time after the alleged Dean incident.
The preliminary trial which fol-
lowed Deans arrest, johnson testi-
fled, according to Assistant District
Attorney Woodward, that he met
Deane on the streets in Mexico, Mo-,
and that, after talking on general
questions, the subject of draft was
mentioned.
Showed Him Way Out
"Are you eligible for the draft? ?"
Deane asked; Johnson said that ne
was, and then Johnson said Deane be-
gan TO urge him to get out of serv.
ing.
"a fine man like you needn't Join
the army, and if were you l wouldn't
serve" johnson alleges Deane said.
Then johnson said Dean told him
of drug that would distend the pu-
pills Of his eyes and would enable
him to get out of the draft on account
OF poor eyesight.
johnson said he refused to use the
means, and left Deane, later men,
tioning the incident to his father,
who communicated with the District
Attorney.
Deane has no particular place of
residence, so far as Assistant Dis
trict Attorney Woodward could find
out.
"The facts of the case are all
against Deane," said Woodward Sat /
urday "and there is a good chance !
for conviction"
Woodward will issue subpoenas for
number of witnesses this week. to
testify before the Grand Jury in the
case. He refused to say whether
Deane had tried to obstruct the draft
in any other instances.
Mexico weekly ledger., 1917-10-04
MAYOR OF MARSHALL
WRITES LEDGER OF
RECENT MEETING

The following letter from Ed A
Mitchell, of Marshall, Mo-, regarding
the recent telegram sent to President
Wilson from that city which was sion
ed by large number of leading citi
zens and condemned the Missor,i
Senators for the course pursued h,
them regarding war legislation. gives
an interesting insight into how sen
tlment along this line is sweenino
across the State. The Litter follows.
R. M. White & Son, Mexico. Mo,
MARSHALL, Mo-, Sept. goth. =
Gentlemen: I have copy of your ma
per mailed me, and note your editorial
and publication Of telegram sent 20
the President from this place last
Saturday. ! am enclosing Ginning
from our home paper, giving full list
OF names signed. Some Of these meo
you Will probably know. They ara
almost without exception-bankers
merchants physicians, dentists, and
business men, and were selected with
reference to their prominence in tho
community and they are all Demo.
Gratis. 1t would have been no troublo
to have had 800 signatures. The
party leaders are not willing to act in
this matter, and will try and prevent
any action by the rank and file; there
is no question, however, about the
general sentiment, and / hope the
Mexico weekly ledger., 1917-10-04
THE RED CROSS YARN
Cannot Be Sold by Local 0rganiza-
tion TO Others

The following letter received by
Mrs. j. E. Durkee regarding the Red
Cross knitting and yarn will be of IN.
terest to those who are cooperating
in the work. Mrs. F. R. Sanford
has charge of the local Red Cross
knitting.
Mrs. j. E. Durkee,
Mexico, Missouri
My Dear Mrs. Durkee:
I am sending you three copies of the
ARC 400. May l call your atten-
ton to the diagram of needles-please
see to it that the needles are tested
by this diagram, for size-we want a
loosely woven sock so that circulation
VIII rot be cut off and l.ius prepara-
ton be made for the new disease of
the feet caused by trench life.
Now, l must tell you the ruling of
the Red Cross in regard to yarn.
Money asked in the name of the Red
Cross and used for material for the
Red Cross, must be sent through the
Red Cross. You can see how any,
thing else would utterly ruin syste-
matte care of our soldiers and sailors.
1t is natural that mothers and rela-
tives and friends should want their
own cared for, and in their case I
would get the material somehow and
boys may have several sweaters ami
make 1t up and see that they had It.
But when you recall that those same
tne boy next door has none, and can
have none, because there is not enough
yarn in this country to take care Of all
our soldiers and sailors, you will zee
1t is not fair; that the Red Cross as
an organization cannot permit mate
rial purchased with Red Cross funds
70 De used for individual purposes.
|, frankly, as mother would do il
DuI as an Official Of the Red Cross or
ganization, cannot. You, as the
guardian Of the Red Cross funds, can
not do it.
Did you know that at the Uniyersitv
OF California this summer, the old
sweaters Of the athletes were raw
elled out and reknitted? We must do
that everywhere. We did not realize /
last summer when we were making
all OF our pretty colored sweaters, that
we were taking away some soldiers
protection and it may be that we will
have to ravel them. Will you do all
you can, my dear Mrs. Durkee. TO
help US out of this predicament and
let your good patriotic women know
the pinch of the situation and please
DO your level best to get OUTPUT
IN all three of your departments.
Very sincerely yours,
Mrs. Edmund F. Brown,
Director, Women's Work