davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-25
Silver Preferred
To Paper Money

The rise in silver and the change
in the statistical position of the metal
since the beginning of the European
hostilities has been one of the most
interesting monetary Developments
of the whole period. The demand
from Europe and India has been
enormous. England, France, Italy
and Russia have been very heavy
BUYERS of the metal. The British
mint alone took more than $4,000
900 last year, compared with S15,-
900 900 in 1915. Both of these totals
were abnormal, compared with ante
bellum years. France bought SlO,-
900 900 last year, nearly double the
amount in 1915, while Russia was
an active purchaser.
The withdrawal of gold from cir
culation by the European belliger-
ents explains the buying of silver in
such unusual quantities. One au-
thority in the silver trade has
summed the whole market situation
Up in this fashion:
Coinage by Italy, Russia, France
and other countries, but chiefly by
England and India-continuous coin
age for the last two years-pardy 10
fill the vacuum created by the with
drawal of gold from circulation IN
order to strengthen bank reserves
and settle debts in international com
MERGE and partly to satisfy the IN
creased demand for metallic currency
caused by the expansion of trade, by
the payment of higher wages to labor
ers. munition workers and troops
with increased spending power, and
by the boarding Of vast sums OF the
metal. very precious to the wage
earner-all this is a cumulative eN-
nIsnation Of the advance in the price
Of silver. Naturally the frugal-mindec
wage Garner, whether in Europe OF
Asia. would prefer to lay in his stock
ing the little silver disks bearing the
government mint stamp in prefer
ence TO slips Of paper, even though
certificates bore very handsomely en-
rraved portraits and the number OF
these wage earners is legion.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-25
Profits May
Be Disregarded

Other things being equal, that
country gains the market which is
able to produce most cheaply. Will
VIC be able to produce more cheaply
than the European countries? What
will be their industrial future? There
are possibilities which go far to
threaten any effort Of ours for lead
ership in exports. In their keen de-
sire to regain their lost position, it IS
possible that at the close of the con-
test those activities which have been
very much stimulated by the war or
taken under national control will be
continued, with one principal object
-namely, to increase their sales
abroad. Profits may be disregarded
and wages fixed at the lowest pos
sible figure.
There is authentic information
that the German government has
promised its manufacturers and
merchants that, by purchasing
agents, it will secure from abroad, on
the most favorable terms, necessary
supplies of raw material and other
commodities required. How would
the United States be able to com
pete with such an organization un-
der laws which make concerted ac-
ton a crime punishable by severe
penalties? In the commercial and
industrial policies of all the most
active countries Of Europe, especial
favor has been shown TO export
trade. Preferential rates are given
on local railroads and on steamship
lines over sea. The custom of SELL
ing abroad at cheaper prices has
teen tolerated, and even encouraged.
However much we may depend
upon newly developed trade in South
America and elsewhere in less ad-
vanced countries Of the earth, our
main reliance must be upon the
Weather nations of the world or
those in close proximity to US. We
little realize how preponderant a
share Of our commerce is with these.
In the years before the war our
exports to Canada, with its eight
millions Of people, were more than to
all OF Asia, Africa, South America
ana Australia combined. We sent TO
Cuba twice and half as great a
value of our products as to all of
Africa-so much for neighboring
countries. The showing Of trade
with the more advanced countries is
quite as remarkable. We exported
to Holland, with six millions of peo-
pie, year by year, more than to all Of
Asia, with her six hundred million
inhabitants. Will the course Of our
export trade change at the close of
the war? There is every probable
I ity that war transactions will con-
tinue TO be much the largest with
he European countries now at war.
Striking Trade
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-25

question of whether it will be feast
or famine, and If the rains are plen-
tiful good crops are assured and the
Indian bazaar trade in bar silver is
stimulated. Last year the Indian
monsoon was specially favorable.
While the demand for silver has
grown enormously since the begin
ming of the war, production has not
gone ahead to any great extent. This
has assisted in forcing prices up
ward. In 1913 it was officially esti-
mated that the world production
Of silver amounted to 223,9O7 600
ounces. worth S135,0OO,000. In 1914
production fell to 100 ,626,0OO ounces,
worth sss,s45,465. In 1915 1888
600 ounces of silver, valued at $685.
277,934, were produced from the
mines of the world. The cause Of the
drop in output is found in the clos
ing down of most of the mines in
Mexico, due to the political upheaval
there. Mexico normally produces ap-
proximately one-third Of the worlds
silver, and it is probably yielding but
little more than one-half of its nor
NAL production at this time.
United States Leads
In Production
In 1918 The four leading producing
countries were Mexico, with 10000
900 ounces; the United States, with
81 ,OOO. 900 ounces; Canada, with 3D.
SOC, 900 ounces, and Australia, with
100000 ounces. Last year the
United States stood at the top OF the
list with 72,S83,s 800 fine ounces pro-
duced, or 2,O77,275 less than in 1915.
Montana led with an output of IA
$1,000 ounces, Utah produced H.
965.0O0 ounces, Nevada 12,S74,0O0
and Idaho 10,504, 100. Lately short
age Of cyanide, one Of the chemicals
used in the recovery of silver from
the ores, has become a serious prob
lem to producers. Cyanide sold
around 90 cents before the war and
now costs more than 81 a pound.
Much of the silver produced in this
country is more or less by-product
in the production of copper. 1t IS
estimated that the rise in copper
prices and its stimulating effect on
mine output has added 100000
ounces a year to the silver produc-
ton of such mines.
A continuous advance in the price
OF the metal has been likened to a
rising food, threatening the exist
ence of a portion of the worlds sill
yer coinage, because if the price
reaches beyond a certain point, the
intrinsic value Of the coin becomes
greater than the stamped value to
the extent that it makes it profitable
to melt up the coins into bullion
"goulashing" them, the trade calls 1t
and sell the refined product. For
example, the advance in silver has
placed a profit on the melting of the
Mexican dollar. This is why the
London bullion firm Montagu & Co.
remarked recently that a Mexican
dollar is worth more dead than
alive" In other words its value
melted is more than its circulation
value. At the moment the Mexican
dollars silver Content is worth more
than so cents. whereas its circulating
value is nearer so cents. In the sew
eral years of strife in Mexico the
country has been swept rather clean
of silver dollars; otherwise the gov
eminent would be finding it difficult
to retain them as currency.
Intrinsic Value
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-25
Striking Trade
Disparities

There is hopeful prospect that a
time may come when the volume of
tlade in the outlying countries Of the
earth will more nearly correspond
with their population. The progress
OF less advanced peoples in recent
years toward representative govern
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-25
Wages an
Important Factor

EXPORTERS must be willing to lace
o preliminary period in which proflts
will be negligible, or business be con-
Quoted at a loss. More of the skill
and ability which characterize the
business of the advertiser in our
domestic trade, in which nearly ST.
600. 1000, 600 is now expended annual
IL. should be eXerted in securing for
cien markets. 1t is especially neces-
sary that there should be more
ready cooperation between employer
and employe. The people of the
country are anxious that labor
should receive compensation here
beyond that of any other country
and that the social welfare of the
workmen should be a chief consider
alton, but high wages must exclude
us from the export trade unless
along with them there is a marked
superiority in efficiency and thor
cughness.
Notwithstanding disadvantages and
the predominant interests of manu-
facturers and producers in the home
market, we are now aroused to the
Importance of international relations
and foreign trade.
We may confidently hope that the
people Of our country, who have al
ways in the past met every great
emergency and solved many difficult
problems, will awake to a full reall-
cation Of the changes taking place IN
our trade relations in this new era
and eventually meet them with a full
measure of success.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-25
CONJECTURE, rather than con-
1 fdent prediction, is appropri-
ate in forecasting the future

export trade of the United States
The present war has assumed in
credible proportions, and at its be-
ginning we were in the midst Of an
era of social and economic changes
the like of which the world had never
known. Precedents derived from
earlier wars can furnish no reliable
guide for the future. There are,
however, manifest facts from which
results can be foretold with approx
innate certainty. Among these are:
Wars Wastage
of Capital
First-Tke enormous decrease IN
the ,cealtk and purchasing poacer OF
the countries engaged az thiS con-
flict. The most carefully prepared
computation of the losses of Europe
in the first year of the war was pre-
sented to the Royal Statistical Soci-
ETY. by Edgar Crammond. He esti-
mated the amount to July 81, 1915,
at $4,000, 100000, or about one
eighth of the aggregate wealth of the
nations involved. This figure is, no
doubt, too large, though his esti-
mates were made with exceptional
thoroughness and detail. If even a
much smaller share of the total
wealth of the contending countries
could be destroyed in the first year,
what must be the total Of three years,
with the constantly increasing mag
nitude of their operations and in the
number Of men called to arms? This
colossal destruction of capital must
necessarily be followed by marked
decrease in the purchasing power OF
tn. countries engaged, and, as nee
essary consequence, their imports
from our own and other countries
must suffer a notable decline.
In countries where formerly there
was a very large balance Of imports
SO soon as urgent demands for re-
construction are supplied there will
be a much larger proportion of ex-
ports than heretofore, and it is not
unlikely that for some years the total
volume of international trade will be
less than in the years preceding the
war.
No one can tell when the war will
end or the extent to which our own
country will be affected; the prevail
ing guess ia that hostilities will ter
inmate this year. An armistice Is
likely to intervene which may con,
tinue for months before final peace
Is agreed upon, In which time new
condition Of hating and uncertainty
will arise.
The second fact which must be
taken into account is the increased
efficiency and more perfect Organtza-
ton Of Industrial forces IN the no
tions engaged. This may appear
paradoxical, but not only Is it an
historical fact that after previous
wars victors and vanquished alike
have entered upon new era Of
growth and industrial activity, but
In this particular contest there has
ften such a necessity for an enlarge
ment Of productive forces that great
er progress has been made than for
n any years preceding. The problem
now is not TO find employment for
workers, but ia what manner each
workman can count for the most.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-25

should attain as a nation ana IN
trade, individual interest must count
for less and the general welfare for
more.
/ All things considered, the outlook
/ for an increase of export trade is not
altogether assuring.
In the abnormal prosperity OF the
last two years profits have been very
large. Unusual profits do not pro-
mote economical production. Wages
have risen to figures never known In
this or any other country. Prices
are very high. The immense amount
of gold in this country and the I'M
Ore cedented amount Of available cap
ital are factors to make prices IN
the future higher than in other
countries. One thing which should
be secured immediately is the right
OF combination among exporters. Not
only does the present condition give
to a single large establishment OF
unlimited capital a hold upon foreign
markets which is denied to any
smaller concern, but otherwise our
exporters will be placed at a serious
disadvantage in competition with the
merchants and manufacturers OF
other. nations. The abundant capt.
tai which we now possess should be
Utilized in the making of loans IN
countries which have heretofore de-
pended upon other sources.
II is obvious that permanent sales
agencies must be established; men
must be employed who will learn not
n erely the languages, but the pref
ererces and customs Of the people
and who are willing to spend more
tnan a vacation season in the for
eign countries which we desire to
enter with our products.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-25
Intrinsic Value
OF Dollar Greater

The United States silver dollar,
despite the fall in its purchasing
power due to rising commodity
prices, is worth a great deal more in
trinsically than it was two years ago,
owing to the advance in the metal.
A full weight dollar contains 4l2h
grains of silver. This makes the sill
yer content approximately SO of an
ounce. Expressed in another way,
1000 silver dollars contain $50
ounces of the metal. At current
prices the value of the silver in a
dollar is therefore approximately 81
cents. Two years ago it was around
43 cents.
Demonstration Of silver as the
standard of currency received It's
greatest impetus when the German
Empire formed and the independent
monetary systems of the several
German states gave way to the i'm
perial system with gold as the stand
ard. The old silver COINS were called
in and melted. About the same time,
following a revision of the coinage
laws, the silver dollar was dropped
as the standard coin Of the United
States, leaving the gold dollar as the
standard of value. At the time this
action was not important, as the
country was using nothing but paper
money, but with the passage OF the
resumption act and the continued
decline Of silver it became a matter
of great financial and political I'M
portance. At the time the famous
Comstock Lode in Nevada was max
ing its bonanza output and the sup
ply of silver on the markets OF the
world was SO great that it could not
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-25

nerce.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-25

continued at peace,
The Barre daily times. (Barre, Vt.) 1897-1959, 1917-11-08
Cough Nearly Gone
In "a Hours
That's the usual experience with
this homemade remedy. Costs
uttle--try 1t.

Anyone who tries this pleasant tast.
ing homemade cough syrup, will
quickly understand why it is used in
more homes in the, United States and
Canada than any other cough remedy,
The way it takes hold of an obstinate
cough, giving immediate relief, will make
you regret that you never tried it be-
fore. 1t is a truly dependable cough
remedy that should be kept handy in
every home, to use at the first sign of a
cough during the night or day time.
Any druggist can supply you with
90 ounces of Pinex 100 cents WORTH.
Pour this into q pint bottle and fill tho
syrup. The total cost is about 65 cents
and you have. a full pint of the most
elective remedy you ever used.
The quick, lasting relief you get from
this excellent cough syrup will really
surprise YOU. 1t promptly heals the
1nfiamed membranes that line the throat
ana air passages, stops the annoying
throat tickle, loosens the phlegm, and
soon your cough stops entirely. Spleen
did for bronchitis, Group, whooping cough
and bronchial asthma.
Pinex is a highly concentrated COM
pound OF Norway pine extract, and is
famous the world over for its healing
effect on the membranes.
10 avoid disappointment ask for "2ts
ounces of Pinex" with full directions /,
and don't accent anything else. A guar |
antee of absolute satisfaction or money |
promptly refunded goes with this prep |
grafton. The Pinex CO., Tt. Wayne. |
Ind.
The Barre daily times. (Barre, Vt.) 1897-1959, 1917-11-08
THE SUDDEN ATTACK /!

out the uric acid from the system, and
in this way the pain, swelling and in
fiammatien subside. Anuric relieves
kidney complaints and diseases aris-
ing from disorders of the kidneys and
bladder. If you are sufferer from
rheumatism, backache, pains here or
there, you can obtain Anuric, double
strength, at any drug store and get
relief from the pains and ills brought
about by uric acid; or send DR.. Pierce
10 cents for trial package. Anuric,
which you will find many times more
potent than lithia, eliminates uric
acid as hot water melts sugar. A
short trial will convince you. Send
a sample of your water to DR.. Pierce
and it will be tested free of charge.
Anuric is regular insurance and
life saver for all big meat eaters and
those who deposit lime salts in their
Joints.
The Barre daily times. (Barre, Vt.) 1897-1959, 1917-11-08

81 ,649. 900 for Y. NJ G. A. work in the
French army Sl,000,000 for y M. G.. A.
work in the Italian army and 100000
for Y. NJ. G. A. work in the prisoners
of war camps.
This large increase over the estimate
made early in April is due to conditions
beyond the control of the national work
council. The unexpected military activ-
tiles of the government at home and
abroad together with the abnormal, UNI
looked-for increase in the cost of build
ing and maintenance makes the actual
expense for 1917 probably four times in
advance of the April estimate.
The Young Mems Christian association
IL acting in cooperation and under the
supervision of the various military or
CARNATIONS of the allies and under their
express wishes that the association do
the work In no way is the work a du
plication OF that carried on by either the
Red Cross or the recreation commits
sion Ii has TO do solely and distinctly
with work that is outside the scope of
any other organization, serving the men
in the cantonments in this country as
referred to above, and serving the men
overseas while ON leave. convalescing in
the hospital, or under fire in the trenches
As well as ministering to the millions of
men in the prison camps.
Primarily the Y, NJ. c. A. looks after
he morale in the sense of the spirit of
he organization. keeping the dispirited
men in good cheer
At dinner of the Cleveland Chamber
If Commerce on October % Lord North
life, proprietor OF the London Mail and
several other big dailies in England, and
The Barre daily times. (Barre, Vt.) 1897-1959, 1917-11-08
WOMEN PICKETS
REFUSE TO EAT
Alice Paul and Rose Wins
low Start a Hunger
Strike
WITHOUT FOOD
THIRTY-SI HOURS
Chairman Taken to the Jail
Hospital Showing Eff
fects of Move

Washington, Nov. S.--As a protest
against the food served, Miss Alice Paul,
national chairman of the Woman's par
| ty, who is serving seven months SEN
tence for picketing the White House, is
on hunger strike. Yesterday morning
she had been without food for 36 hours.
Tuesday night said that she is showing
the effects of lack of food. She is said
to be much thinner than when she en-
tered the Jail. Miss Rose Winslow of
New York, who is serving a similar SEN
tence, has also started hunger strike.
The attitude of the two women is not
causing great concern to the prison off
cials. Forcible feeding has not even been
discussed yet. The officials expect her
to yield to feeding without having to re-
sort to force.
Miss Paul's strike is intended as pro-
test against dad food, bad air and no
exercise" Friends of Miss Paul and the
FIVE other pickets who are serving terms
in the Jail say the woman prisoners have
received coarse food, principally salt
pork and cabbage They said the pick
cts are not permitted to receive food
from friends outside the jail-a priyi-
lege extended to other prisoners.
When Miss Paul was taken TO the hos
ptal she was offered diet of milk and |
eggs. She refused to partake of the
food, however, unless the same fare was
served the other pieketing prisoners, DIR.
Cora Smith King Miss Paul's physician,
was permitted to visit her Tuesday |
night After the visit she issued bull
letin, saying that Miss Paul was much
thinner than when she entered the Jail |
on Oct. %. The conditions under which
Miss Paul was living, the physician said,
were endangering her life.
This is not the first hunger strike
that Miss Paul has instituted. When
prisoner in England she resorted to sim
lar measures.
The Barre daily times. (Barre, Vt.) 1897-1959, 1917-11-08

ed, representing each county in the
state:
Frank c. Partridge, Proctor,
Rev John NJ. Thomas, ID. D., Middle-
bury,
w. b. Howe, Burlington,
Guy B. Johnson, Bennington,
Frank f. Brooks, st. Johnsbury,
A, A. Bosworth, Island Pond,
Hon. Charles w. Gates, Franklin
Thomas 0. Cheney, Morrisville,
NJ. M. Taplin, Barton.
James b. Estee, Montpelier,
Ralph T.. Flanders, Springfield,
Louis C. Brigham, Randolph,
Frederick H. Babbitt, Bellows Falls,
Juan Robinson, South Hero.
AT recent meeting Of the above COM
mittee held in Burlington, w. B. Howe
was elected permanent chairman of the
state committee, which is to carry on
the campaign work.
The Importance of this Y. NJ c. A. war
work is not to be measured from its
local significance for the members of
he state committee were chosen general
" outside of the regular Y. NJ. C. A..
organization. While it is being given
very attention by all Y. NJ. c, A. Off
,ials and workers it is distinctly war
Measure of great economic significance.
The Barre daily times. (Barre, Vt.) 1897-1959, 1917-11-08

said to be the best informed man in
England, to-day on actual war condi-
tions, next to Lloyd George, said that
the allies could not win this war with
ont the Y NJ. G. A., explaining his state
ment by saying that neither the govern
ment nor the military was equipped to
carry on this work for the morale of
the troops. without which they could
not hope for success.
A prominent European delegate to this
country recently stated that from Kerr
ensky down the ladder, the new govern
ment in Russia felt that had they been
able to have provided the Y NJ. c. A.
work for the Russian armies such as is
being carried on by England and Amer
lea. they would have been able to hold
their army from Generalization.
Certainly money given at this time
in the crisis will mean more and will
go farther to make the success of the
allied army sure and conserve life and
property than if it is given later on.
In view of this no sacrifice is too great
for any person to make. and why
shouldn't everything possible be done toI
insure the health and happiness of our
boys at home and abroad.
That Vermont means to cooperate
fully in the coming nationwide cam |
paign to raise S35, 100000 was evidenced |
by the attendance of many prominent |
men at New England meet
ng recently held in Boston, of the ma
.ional war work council of the Y. NJ. c.
A.
Hon James Hartness of Springfield
vas made temporary chairman and the
following state committee was appoint