davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1917-07-29

railroads and who now observes the
railroad map of the land can fail to
see that a baneful paralysis has
fallen upon US. Kentucky, beautiful
and rich, has only $500 miles OF
trackage, and Tennessee but 5000.
As we all know, there are many rich
counties in these and many other
states without a mile of railway
track.
1t is true that bad legislation and
hostile public opinion do not wholly
account for all these unfortunate
conditions; in many instances, the
railroads were unwisely and even
dishonesty managed, frightening
away financial supporters. But the
process by which railroad investors
have been denied profits fairly fore
seen and morally earned has been no
small part of the total misfortune.
There is a fourth proposition, not
to be neglected, that all persons in
terested in railroads SHOULD think of
them as business enterprises, not as
marvels to be gaped at, not as dice
to be tossed for the winnings, and
certainly not as materials for dem
agogic political campaigns in state
or nation. The beginning here is
to get ones mind off from time
tables and statistics Of mileage and
equipment, important as these are,
and upon net earnings per mile,
upon surplus and securities. The
railroader thinks of this as typified
in the ton-mile of freight and aver
age haul for passengers.
Capital Funded Confidence
In Return of Future
Here there is a difficult problem
for the average man who is not IN
finance or even in business for him
self. Capital is the funded conf
dence in the return Of the future.
Given an income of thousand dol
lars a year, with reasonable expec-
tation that it will continue for
many years, and man of
property is worth" a capital
sum in proportion to the pre-
vailing rates of interest. When
money runs at 5 per cent a year
the income amounting to a thousand
dollars a year is worth TO buy or
sell twenty thousand dollars a year
or more. When the rate of interest
runs generally higher, say, per
cent, such an income is worth six
teen thousand dollars. When 1t
runs lower, say, A per cent, the
thousand dollars a year may be cap
italized at twenty-five thousand dol
lars. Now, destroy the income, and
the man who thought that he or his
property was worth sixteen, twenty
or twenty-five thousand dollars
wakes to find himself not worth
dollar.
To the financier or business man
this is too obvious for statement;
but the legislatures of the nation
and states have laughed the analysis
to scorn. They have destroyed cap
ital funds and then wondered what
had become of railroad values.
How? By destroying profits and
thereby incomes. The 2-cent fare
has had something TO do with this.
Static railroad freight rates have
done their share. If this view seems
reactionary, then truth has been lost
or the trail, and it would be well
IN 90 back and recover it.
In this connection it is illuminat
ing to bring out the statistics Of the
last peace year and consider a few
facts of a few of the great rail
roads. This table presents them,
viz:
Earnings
| Mileage per mile
New-York tribune., 1917-07-29
By f.. MARSHALL YOUNG
zV E WILL call her Miss A. NJ.
wv Her home is in Richmond,

u " h WILL call ner MISS a. W.
wv Her home is in Richmond,
W little country town out
in Indiana. She works day in and
day out to add her quota to the
family treasury. Not much that life
gives so freely to many is given to
her without demand for compensa-
tiOn.
One day she heard of the Chicago,
Rock Island g. Pacific Railroad as an
investment proposition. She told her
family about it. They talked it over.
They had saved a little money-not
much, but it was a great deal to
them. In the end they invested their
savings.
Then came the crash. The news
papers told of the bursting of an
other brilliant bubble down in Wall
Street. Later came the announce
nlent of a declaration of war by one
Nathan L. Amster, of Boston, who
had invested some money in Rock
Island and did not intend to see IL go
down in the whirlpool. He rallied
minority stockholders to his stand
ard. He demanded that their rights
be protected, their property saved
for them.
Miss A. NJ, in her little country
home out in Indiana, heard of Mr..
Amster. Things were looking pretty
black to her. But hope came, and
she wrote to Boston. Here is a part
of her letter:
II am a country girl, and the
money invested in this railroad rep
resents years of hard labor, and we
looked forward to the interest on the
same to help keep us; and as we get
no interest on our money now we
feel it. So please try and do some
thing for the stockholders, as they
need the interest on their money
The letter from Miss A. NJ. was
one of hundreds of equally pitiful
pleas. The story Of the fight waged
by Mr.. Amster has been written into
history. But the lesson of it all is
Illuminating. And, after years of
needlessly helpless submission to
corporate abuses, made possible by
that same submission, the long de-
delayed means to prevent such dis
tressing experiences as those of Miss
a. NJ, Of Richmond, Ind, has made
its appearance.
New-York tribune., 1917-07-29

French farmers have agreed to ut!l."
mechanical means TO the utmost. J"
government has been urged to take ~
mediate measures for the adoption {"
motor cultivation at the terminates .,
the war and to settle upon type v
machine plough OF various grades "
power, the manufacture OF which, :"
the number Of 25,0OO, must be taken 'h
hand in France, directly hos'i1l'e'
cease, for delivery within six moh'''
to the farmers, who will receive tn,"'
through and with the assistance OF wv
local agricultural services ana SYM
Gates. Payment is TO be MADE e''H.'
in cash or by annual instslmen's' II
each locality there is to be WORSHIP
for repairs, where machine parts arc
kept in stock at fxed prices. In fiS rsnSo nSe
there are under cultivation oS;OoV,U.. ~
acres OF land AMI nearly 4Y0V,OV0o 90 1870 aeo
Of vineyards. OF this total 49,ooy'vUV
acres are ploughed annually by t0~n -,
doning the out-of.date horse or %
drawn plough in favor OF motor p.ouSSnn65 pioo Sn6
there would be saving Oh 4V,VVO,'G,, , ~
days labor and an enormous sans .,,
beasts, both for traction and ttansP''"
The shipping shortage is CAUSING
serious embarrassment to importers o
skins and other commodities WIS"
normally are imported in eonsideraOp'
quantities from the East African prO,
teetorates. Many thousands OF dollars
worth Of skins which have been puia
chased hy American importers are We.
up for lack Of bottoms, ana ae
az. mnntha hahind achcdule.
New-York tribune., 1917-07-29
ReAexes Of War

Although most of the leading English
insurance Offices are now prepared 70
issue policies covering The risk Of per-
sonal injuries caused directly By air
craft raids, and have discussed certain
features of the business together, no
standard wording has been agreed
upon, says The London Times
While, therefore, the phrases Of the
different policies will vary, the pro'se-
ton given by such wording as the fol-
lowing enumeration Of the risks S.
sumed seems comprehensive:
Against bodily injury resulting IN
death or disablement caused withlnihe
United Kingdom directly and immsdi'
ately by aircraft (hostile or otherwise
or by shots, shells, bombs or missiles
from or used against aircraft, or ey
falling glass, buildings or building ma
terial Immediately resulting from ar
craft attack or Gnti-aircraft deieRis'
All the forms of policy do not 'ps'
officially mention failing glass, oul'o'
ings or building material" although p"
is understood to be the intention OF INC
companies that they should assume
such liabilities. II will be noticed tas'
the risk of these contingencies IS COW
cred, provided they are "immeais'eH
resulting from aircraft attacks or anu
aircraft defence" The view IS no"
strongly he'd that not all Offices al any
rate, would necessarily pay in respee'
of any injury caused by material ls'.
ing several days after q raid, since T"
might be contended that other cause,
might in the interval have been az Eolii
To bring about a collapse. The risA "
death or disablement caused BY or eoI'
trbuted TO by illness OF any hho,
nervous prostration or shock, SEEM
generally to be excluded from the p0''
icies.
New-York tribune., 1917-07-29
Organization Seeks to
Rouse Investors

Inspired by the example of the
benefits to be derived from an or
ganization Of stockholders and bond
holders, formed for self-protection
and the assertion of rights, a num-
Der of influential and public spirited
men have launched the Investors
Protective Association Of America.
This association was formed to
enable the Miss A. Ms Of the coun-
try to get together, to cooperate and
help one another. II aims to rouse
American investors-the owners of
$40, 100000 in the securities of
American railroad, public utility and
industrial corporations-to a sense
of proprietorship and what it en-
tails. It's object Is to, as far as pos
sible, prevent the recurrence Of such
experiences as those of the Rock ISL
and.
The organization of such an asso-
citation Of investors is based upon
the fundamental idea that the COM
mon good is not best served by leav-
ing the interests and properties Of
investors in the control of boards Of
directors and corporate financiers, 1t
embodies the principle that those
actively In control Of tho nations
corporate enterprises must bs d..
New-York tribune., 1917-07-29
$4,000
$4,000

No other road earned as much pc
mile of track.
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-01
RECOMMENDS BIG CUT
IN STATE EXPENSES

st. Paul, Jan. 31.-For the first time
in the history of Minnesota the gov
ernor used knife for the cutting of
state expenses.
Power conferred on him by the 1915
legislature was used by Governor
Burnquist to pare down the estimates
of various state departments for their
financial needs during the next two
years.
The total appropriations asked by
all departments for the next two fiscal
years amounted to $27,003,1S2.
Governor BurnQuist recommended
that this amount be cut about $780,
900.
The larger reductions proposed by
Governor Burnquist in the budget for
the next two years follow:
Aid to schools, $1,O00,000 for each OF
two years. =
University buildings and equipment,
$500, 900 for each of two years.
University salaries and expenses,
$150,000 year.
Charities and corrections buildings,
$1,O0O,O00 each year.
Charities and corrections contingent
fund, $4,000 each year.
Bemidji normal, >$350,000.
: Other normal schools, $218,50O.
: Highway commission maintenance,
$4,000 each year.
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-01
ENOUGH FOOD IN GERMANY
Official Says Supplies Will Last Until
Next Harvest

Berlin, JAN 31.-Germany undoubt-
edly will be able to hold out until the
next harvest, if the supplies of food
are husbanded and distributed care
fully, although stocks and provisions
this year are scantier than in the two
previous years of the war, said
Adolph Won Batocki, president of the
food regulation board, in an address
which was prompted by the present
troubles in food distribution.
Reckoning five pounds of potatoes
as equal in food value to one pound
of grain Herr Won Batocki figured the
total supply available for man and
beast as equivalent to 100000 tons
of grain less than last year, since the
increase of 100000 tons in the grain
harvest is more than counterbalanced
by the increase in the potato crop,
amounting to 30,000000 tons.
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-01
' B R ERS RUSHED
out TEL EGRAv|S.
Secured Advance Information
on: Peace Note.
ONE MESSAGE is ACCURATE

e. r. Hutton e. Co. Of New York, One
OF the Largest Brokerage Houses,
Sent News Over Its Private Wires
Three Hours Before Newspaper Men
Were Given Copies.
New York, Jan. 31.-From the files
OF a Wall street brokerage house con-
gressional inquisitors brought to light
private and confidential kilograms re-
garded by several members of the
house committee as definitely indicat-
ing that there was leak" on Presi:
dent Wilson's peace note.
The most sensational telegram. con-
tanning a brief but remarkably accu-
rate forecast of the contents of the
note, was sent by E. F. Hutton e
Co., one OF the largest brokerage
houses in the street, over it's private
wires to scores of other brokers with
whom it did business throughout the
country.
It was sent on the afternoon of Dec.
20, more than three hours before the
first copies of the note were handed
to newspaper men by Secretary Lam
sing.
At the time the Hutton message was
sent, according to the testimony of
Secretary Lansing before the commit.
tee in Washington, no one in this
country save persons connected with
the preparation and dispatch of the
note had as much information regard
ing it's contents as the message re-
vealed. The note previously had been
sent abroad in code. Publication of
the note followed transmission of the
Hutton message to various brokers
by more than ten hours.
Information on which the message
to brokers was based, Mr.. Hutton,
head of the firm, testified, came in
another message, now missing, from
F. A: Connolly, of F. A. Connolly &
Co., Washington brokerage house, in
which R. W. Boiling, brother-in-law
of President Wilson, is a partner :.
| Certain members Of the committee
privately expressed conviction that the
person who originally supplied the
| information on which Connelly's miss
| ing message was based either had
read the presidents note or obtained
an excellent resume of it.
Some one read the motel" Repre-
/ sentative Campbell of Kansas, rank
ing Republican member of the com
mittee, emphatica1ly declared after tie
close Of the hearing: -a,s- .~@
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-01
LORD CECIL ASKS
VICTORY ON LAND

London, Jan. 31-Speaking at Not
tingham in connection with the wal
loan campaign Lord Robert Cecil
minister of blockade, said that because
he hated war he was supremely anx
ious there should be no premature
peace.
Great Britain, continued Lord Rob
ert, did not desire to crush Germany
but to show and inspire Germany with
the real ideals of nationhood. It was
the business of the allies first to car
ry the war to successful issue ant
he believed that victory could be wor
in no way but on the field.
ut is sometimes said that we NIGH
beat Germany by blockade" he said
81 do not think we should be right il
trusting to blockade alone. Ye
much has been done by the blockade
We believe we have absolutely de
stroyed the overseas exports of thu
enemy
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-01
ACTIVE ON DUTCH BORDER
Germans Said to Be Massine Artillery
and Troops.

The Hague, Netherlands, Jan. 81
The Amsterdam Telegram quotes from
a Dutch newspaper a letter received
from Brekkelenkamp, in Holland near
the German border, which says that
the Inhabitants of that part of the
country feel some anxiety on account
of the military preparations OF the
Germans along the frontier. Trenches
have just been constructed, the letter
says, and German troops have arrived
at various places such as Uelsen, near
Meuenhaus, where 10000 men and
much artillery are stationed. =
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-01
RELATIONS Ar
TO Be RENEWED
Ambassador Fletcher, viii Soon.
60 to Mexico.
. -..s ,t
Difficulties ERE PASSING

with, Withdrawal Of American Soldiers
There is No Serious Question Pend
ing Between the Two Governme nta
ana! Complete Understanding Is Ex.
pected Shortly.
Washington, Jan. 31.-Secretary
Lansing announced that diplomatic re-
1atlons are to be renewed with Mex
leo. Ambassador Fletcher, who has
remained in Washington since his
appointment last spring, will go to his
post as soon as the American troops
are out Of Mexico. .,. ..
Either Eliseo Arredondo, for two
years confidential agent to Carranza,
or 1gDacio Bonillas, a member Of the
late Standardization commission. is
expected to be Mexican ambassador
to this country.
Although Carranza was recognized
more than a year ago and the note
Of recognition invited him to send an
ambassador to Washington this is the
first time that such relations have
been established with mis- government
|. With the withdrawal of the Ameri
can troops from Mexico there is nc
serious question pending between the
two governments and it is believed
Mr.. Fletcher will go to Mexico City
with the avowed purpose of establish
ing complete understanding between
Washington and Mexico City.
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-01

Toronto, Ont, Jan. 81. The Ameri
can consular service is composed Of
"broken down, wheezy political bosses
wornout lawyers and broken brokers
men who could not earn a living al
any honest or respectable business,
Poultney Bigelow, American author
declared in an address before the Ca
madam club.
"These are the men I find I have tt
go to as representing the majesty Of
my nation Mr.. Bigelow continued
and 1 have to sew my pockets up be
fore I enter their Offices
"Then1 have to turn from his doo1
and go to the British consulate to gel
what I want"
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-01
CLUBS NOT MAKING MONEY
Baseball Magnate Defends Reduction
in Players Salaries.

New York, Jan. 31.-President Te-
ner of the National league, replying
to complaints of National league play
ers that their salaries had been cut,
declared a salary adjustment was alb.
solutely necessary.
"The game must be put on such a
basis where the men who have money
in the clubs can expect reasonable
profit on their investment" he said
despite the fact that we had rec
ord attendance few clubs made money
The same conditions, am told, exist.
ed in the American league, which also
had it's record attendance
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-01
PEACE | TERMS 70
Be VERY HARSH.
German Leader Says Entente
Rejected Best Chance.
WILL DEMAND INDEMN'TIEs

:. Count Won Westarp, Conservative Lead.
err, Declares Territorial Expansions
East and West Are Necessary for
the Proper Protection of the Empire.
Berlin, Jan. 31.-Count Friedrich
Won Westarp, the Conservative leader
in the reichstag, in a speech in Dres-
den, said the rejection by the entente
powers of the peace proposals of the
central powers had Cancelled the terms
of the central powers for future
peace
Further sacrifices now impend-
ing Count Won Westarp said, will
call for quite a different standard Of
indemnities and resolutions. For the
protection of Germany there must be
territorial extensions east and west
and also in Belgium for the covering
of Germany's flank, especially with a
view to a future difficulty with Eng
land.'
Above ALL Count Won Westarp said,
Germany must have war; indemnities.
Otherwise her soldiers will be sent
home to meet tax bills fivefold heavier
than before the war.
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-01
Believe Need of Naval Shells Will
Soon Be Over.

Washington, Jan. 31.-Contracts for
100000 worth of armor piercing
shells let by the navy to Hadfelds,
limited, the English concern, may be
filled, despite the British government S
order that the company should not
proceed with the work $50 long>as the
exigencies of war continue"
A dispatch from Ambassador Page
at London said that, while the Brit
ish authorities felt constrained to
withhold consent for the Hadfelds
company to make the shells for the
present on account of national needs
officials of the concern were reason
ably sure that objection would dis
appear within twelve or fifteen months
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-01
ATTEMPT TO Get" !.
VILLA VERY COSTLY

Washington; Jan. 31.-The "get
Villa" hunt is in it's last chapter. -.
Within week or ten days there will
be no United States soldiers south OF
the Mexican border and shortly after
all militiamen on the border will be
back home.
With the hunt for Villa over there
was great interest in just what Uncle
Sam has spent on the search that die
not get Villa. Estimates range from
$96,000,o00 to $100,000,000.
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-01
INDEPENDENTS WILL Meet
New Members Of Congress to Confer
on Feb. 6.


Washington, Jan. 31:-A call to the
independent members elect of the
Sixty-ffth congress for a conference
here on Feb. was issued by Repre-
sentative Charles H. Randall, Prohi-
bitionist, of California.
Mr.. Randall said the meeting was
to be preliminary one for discussion
of the form and purposes of an indie
pendent conference (which may act
unitedly through the session of the
Sixty-fifth congress-"
1T is understood the call was issued
to Representatives Martin of Louis.
lana, Schall of Minnesota, London of
New York and Representative Elect
Miss Jeanette Rankin of Montana
N. Clyde Kelly of Pennsylvania and
Alvin T. Fuller of Massachusetts.
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-01
TWO TRAINS ARE DERAILED
Severe Snow Storm Is Raging in South
Dakota.

Aberdeen, S. d., Jan. 31.-Aberdeen
and this entire section of South Dako-
ia is in the midst Of the worst snow
storm since the famous storm of 1885,
which extends through the Black
Hills.
Two trains were derailed, the west.
bound Olympian with the possible
loss of one life and the injury of fit.
teen, and the st. Paul local to Edger.
ley, N. D. In the latter wreck no one
it is said, was severely hurt.
The Olympian, the coast train OF
the st. Paul road, is in the ditch two
miles from Roscoe, S. D., fifty miles
west of Aberdeen All of the ten cars
except the observation car left the
rails.
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-01
In Office TwentS.nine Years.

Helena, Mont, Jan. 31.-George w.
Padbury of Marysville, who is here.
says he is the champion continuous
officeholder in the United States. The
day Montana was admitted to state
hood in 1889 he was elected justice
of the peace in <Marysville township
and has been reelected ever since. At
the expiration of his term he will
have served twenty.nine consecutive
years.
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-01
ENGLISH PAPER PRAISES
MEXICAN POLICY.

London, Jan. 31.-1n an edi-
torial praising the Mexican pol
icy of the United States the
Manchester Guardian. says:
president Wilson's policy
has been guided by two prin-
Observation-Disclosures to avoid
the jingoist, which is the cover
of capitalistic hunger, and de-
termination to allow Mexico to
work out her own salvation
with as much help and as little
interference as possible from
the United States.'
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-01
COMMERCE PACTs DRAWN
State Department Forwards Treaties
to Latin Nations s.

Washington, Jan. 31.-Proposed trea-
ties governing licenses to commercial
travellers and the establishment of a
gold clearance fund, drawn up by the
American government as result of
the Pan-American financial congress,
have been forwarded to Latin-Ameri-
can countries by the state department.
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-01
CHICAGO Live Stock.

Chicago, Jan. Cattle Receipts,
5000; steers, .$7.75@11.95; cows and
heifers, $5.00@10.25; calves, $1,000
14.75. Hogs-Receipts, $4,000; light.
$11.10@11.60; mixed, $11.15@11.75;.
heavy, $11.25@11.75; rough, $11.25@.
H. 40; pigs, $9.40@1O.60. Sheep-Re-
ceipts, 10000; native. $1O00@1l.5 80;
lambs, $11.75@14.5O.
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-01
NEW PRIMARY LAW PLANNED
important Changes in South Dakota
Statute Proposed.

Pierre, S. D., JAM 31.-A new pri-
mary law is proposed for South Da-
kota to clear up the bungled places
and defects in the present law.
1t includes several important changes
from the law now in force, if the
promises of it's sponsors are carried
out.
A short ballot for nomination OF
governor and United States senator
by direct vote, and the nomination of
other state officers by party conven-
tion composed Of delegates elected
the same day as the vote is brought
out to nominate the governor, are
among the proposals.