davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04
Supply of Rupee
Exchange a Boon
ToU.S. Importers
Payments for Goods Pur-
chased From India Will
Be Facilitated

Importers with payments to make IN
India expressed their satisfaction yes
terdav over the announcement that ar
engagements had been completed ut
Washington, providing for the estao-
lshment of a substantial credit in Brt-
ish India. against which rupee drafts
will be sold in this market. Details 81
the transaction have been withheld
with the exception Of the bare an
nouncement that hereafter American
importers desiring rupee exchange to
pay for purchases in India may apply
10 the Federal Reserve Board.
Bankers and commercial interests here
have for many months encountered Sc
rious difficulty in arranging payment
for purchases made in India, owing 70
the scarcity of rupee exchange. 1t is
understood that the Federal Reserve
Board has acquired sufficient rupee ex-
change to care for all immediate needs
of the American market.
Importers DISCONNECTED
/ The situation with regard to exchange
on India has been 50 bad in recent
months as to cause American importers
of jute, hides and other products from
that country to ship large quantities OF
silver and gold to Bombay in order to
make payment. Recently the British
government stopped the importation OF
silver and gold into India, so that II
became a physical impossibility to ar
range payment. Finally an appeal was
made 10 Washington, with the result
that the Reserve Board has obtained :.
supply of rupee exchange, which VIII
be made Immediately available.
In normal times India usually eX-
norts more than she imports. The bal
ance has 10 be paid in shipments oil
cold. silver or in the transfer of funds
on India. usually obtained by sales OF
the so-called Indian Council DIS III
London. The use of the council DIS
as a mode of remittance has been avail
able all along, but the exports OF India
have increased so greatly that the BTU
ish government has had TO limit tne
amount Of bills sold in order. TO AVOID
exhausting the funds available IN the
Indian Treasury
Arbitrary Limits Set
Various arbitrary limits have been
set. the amount lately being about l2O''
600 1000 rupees a week. This has proven
insufficient. and the demand for eX,
change on India from all over the world
has sent rupees to a heavy premium
MANY traders here and in neutral coun'
tries have been hard hit, owing to theiI
inability TO make remlttances 10 Ihdid
via the usual London channels;
II is the belief of bankers mere INA Una
q sunnlv of rupees has been made avail
able for the American market, as the
rcqult of arrangements entered into by
the authorities Mt Washington with the
British Treasury.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04
Cniton E1change Membershlp Sold
Other Cities

Buys in Railroad. ROCHESTER, n.
Y, Dec. 3.--Gustave Benjamin, of the
Benjamin Iron and Steel Company, of
Buffalo, to-day bid in the New York &
Railroad, fifty-seven miles
long, operating between Canisteo and
Penn. The sale was held
at Hornell and the purchase price was
in the neighborhood OF $350,000 The
road will be junked unless people who
live along the line raise sufficient
money 70 buy il from the new owner.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04

extra dividend Of >. per cent, payable
January > to stockholders Of record
December 8.
Directors Of the Savoy oil CompsrI
declared an extra dividend Of . pei
cent and the regular quarterly divided
of 3 per cent, both payable Deeemee'
% to stockholders Of record Deeeu'
Der 10.
The Standard Motor CONSTRUCTIVE
COMPANY has declared an extra ~
idend of 10 per cent, payable DECEMBER
% TO stockholders Of record Deeen-
her 10
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04
Dividend Changes

The international Mercantile Marine
Company yesterday declared cash
dividend of 10 per cent on account Of
back dividends on the preferred stock
accrued prior 10 August l. 1917. pay
able December 81 to stockholders Of
record December IL.
The Morris & Essex Railroad Com
pany has declared the regular semi
annual dividend of ga per cent and an
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04
News Digest
Foreign

British Bonds More Active.-LON-
DON. Dec. 3.-The Stock Exchange
showed a good undertone. The read
justment of dividend money was re-
sponsible for larger transactions IN
consols. the war loan and other allied
bonds. Shipping shares were active
and firm, while those of tin mines and
gold mines wore given better attention.
Argentine rails rallied. but Russian
rails were dull and depressed. Arma-
ment shares were still easy.
Paris Bourse.-PARIS, Dec. 3.-Trad-
ing was quiet on the Bourse to-day.
Three per cent rentes, 90 francs 5O
confines for cash; exchange on Lon
don, p francs % centimes; per cent
loan, 81 francs 80 centimes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04
Current

The above rates express the cost Of
foreign money in terms OF the Ameri-
can dollar You buy an English pound
sterling at, say, s4.75H,. The intrinsic
parity is s4.s6ts per pound. Thus, you
say either that pounds are at a discount
or that dollars are at premium. which
is owing to the fact that in England
the demand for dollars with which TO
settle accounts in this country is
greater than the demand In this coun-
try for pounds with which TO settle
accounts IN England
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04
Committees Labors Over

Further. the committee called, the at
tention of the board Of directors TO the
fact that: "1) the undivided net profit
of the subsidiary companies which
have not been declared as dividends TO
the international Mercantile Marine
COMPANY, and the declaration of which
il is impracticable TO obtain at this
time. cannot be reckoned as part of the
net profits from which dividends can
be declared. whether settled for in
cash. securities or stock; % to a con,
siderable extent the net undivided
profits Of the Marine Company are not
now held as cash. but were used at the
time of the readjustment for the retire
ment Of the bonded Indebtedness
The committee was disbanded.
None of the directors or officials OF
the company would say whether or not
further special dividends will be de-
clared on the preferred stock.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04

ment of equipment, and the result
should show that we are very far
from government railroad owner
ship-an indefinite Socialist dream
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04
Elections

Stuart II. Patterson was yesterday
elected controller q the Guaranty
Trust Company of New York.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04

London Money Market. - LONDON,
Dec. 3.-Money, 3$i per cent; discount
rates, short bills, rs per cent; three
month bills, Az per cent. Gold pre-
NUNS at Lisbon, 100.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04

Below is given the current exchange
value of foreign money IN dollars and
cents, together with the intrinsic gold
rarity, AS calculated by the United
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04
Accumulation of Profits

The special cash dividend of $40 a
share on the preferred stock, Mr..
Franklin said, was declared ain view
Of the amount of the accumulated net
profits and cash position of the COM
pany." The dividend, which is payable
on December 81 to shareholders of rec
ord on December II. calls for dis
tribution Of s5,172,55O.
The special committee of directors
submitted d report to the meeting
stating that it was unanimously of the
opinion that any plan for the adjust
ment of the back dividends should:
"l) provide for the settlement of the
entire amount OF back dividends; O.
be so fair to both classes of outstand-
ing stock as TO unqualiiiedly recon-
ment itself to substantially all OF the
stockholders, and CD leave the com
pany in a sound cash position ard not
unduly burdened with additional fixed
interest charges and maturing obliga-
fiops'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04

Silver.-Bars in London, 42&d, IN
changed; New York, $3.50, an advance
of 1Isc; Mexican dollars, G5ac, an
increase Of nc.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04
SO
Sugar

The sugar development OF the
Haytaa American Corporation is an
imporian, feature Of the business
Of this company This company
orera,es under exceedingly favor
sble conditions Of growth and labor.
Write for particulars Of ths
Haytian American
Corporation Securities
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04
Boston Bank Statement.

statement Of the Boston banks revealed
a decrease Of s6,6l2, 900 in loans and
discounts. Cash surplus decreased
s2.470,000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04
Special 10Per Cent
Dividend Voted on
Marine Preferred
No Plan Adopted for Fund
ing Entire Amount or
Arrearage

Directors of the international Mer-
camille Marine Company at meeting
yesterday declared cash payment Of
10 per cent on account Of the back
dividends on the preferred stock. Al
the same time the special committee OF
three directors appointed in October
stated that any plan for funding the
back dividends on the preferred stock
YVES at present inexpedient The total
back dividends on the sol, 125,5OO pre-
ferred stock outstanding before pay
ment of 10 per cent, according to p. A.
s. Franklin, president of the company,
amounted to $50 a share and not SsS as
had been generally assumed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04
Commercial Paper.-Trade was quiet

Commercial Paper.-Trade was quiet
Yesterday. with the best four months
r,aturities quoted at 81 per cent and
six months at 5i4 per cent. Outside
of the city the ruling rate was ga
per cent.
Official rates Of discount for each OF
the twelve Federal districts are as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04

Sub-Treasury. 80 New York banks
ost TO the Sub-Treasury 100000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04
l. 81 ;
Over Over over
Bank Clcarings.-The days clearing

1t New York and other cities;
Omaha daily bee., 1917-02-03
Boy Steals Hogs
And Ships Them to
Omaha, is Charge

Stealing seventy-two hogs and
spiriting them away from Nebraska
City to South Omaha, is the pheno-
menal theft charged up against Frank
Moore, l8-year-old STRIPPING, who now
faces the indictment of grand lar
ceny. Moore, who says his home is
in Eldora, Ia, was arrested at the
South Omaha yards by Sheriff. Fisher
OF Nebraska City and Sergeant Man
ming Of South Omaha.
Leo Waber, proprietor of the Ne
braska City Hide and Tanning COM
pany, says the hogs were stolen from
his place Monday night. He is here
to appear against Moore. Frank and
Bertram Gillispie of Weeping Water,
who were arrested with Moore while
he was trying to sell the hogs, say
Moore asked them to come along
with him and share in some of the
spoils,
Omaha daily bee., 1917-02-03
Compared to Present Weather
January Was a Mild Month

The monthly meteorological sum-
mary Of the United States Weather
bureau shows that there was only
one day in January on which the
mercury dropped to zero-January Is.
Early spring-like weather prevailed
on January n, when the thermometer
recorded maximum temperature of
81 degrees above zero and a mini
mum of IS degrees above zero. The
mean maximum temperature for the
month was 3l.3 degrees above zero
and the mean minimum temperature
1873 degrees above zero. The average
mean temperature was 226 degree,
above zero. There were eighteen
clear days, nine partly cloudy days
and four cloudy days.
Omaha daily bee., 1917-02-03
Found With Broken Leg
And With N0thjnu to Eat

In answer to a call for help the
Volunteers of America found Albert
Sanders, 60, of Kansas City in bed
at 7l6 North Sixteenth street, with a
broken ankle. He said that he had
had nothing to eat the last two days
but few crackers. Sanders said that
he arrived in Omaha recently and
had been given shelter during the cold
spell by the people where he was
found, but that they had not been
IN a position to feed him. He was
: -! Cor by the Volunteers.
Omaha daily bee., 1917-02-03
Mems listers at $9.75

Full lined and finished with
shawl or convertible collar,
double breasted, SO inches
long, made of such materials as
chinchillas and oxford, in black
or gray; reduced to $9.75.
The log cabin Democrat., 1917-01-20
BIG PLANS FOR STATE
 TEACHERS ASSOCIATION
Educational Preparedness to be Theme of Annual Meeting in
 Little Rock in March.

Little Rock, Jan. 20.-Plans are well under way to make the forty ninth annual session of the Arkansas State Teachers Association which will be held at Little Rock, March 29-3O-31, 1917 the best suited to the needs of the teachers of the state ot any meeting that has been held.
 The general theme of the meeting will be Educational Preparedness, :" and Col. R. c. Hall, the president of the association, is now putting forth every effort to secure the best talent to be found for the general programs.
 Secretary Laseter has moved his headquarters to Little Rock, and will conduct the campaign for at tendance from there. He states that there was never greater interest manifested by the teachers of the state in this work and predicts that there will be an attendance of $500 this year.
 The advance enrolment has al- ready begun, and Supt. John Baum gartner and his entire faculty, at Brinkley have enrolled Every teach CT in Arkansas is being urged to be member of the Arkansas State Teachers Association.
The log cabin Democrat., 1917-01-20
CLAIM PAID IN FOUR DAYS.

This policy was issued, delivered, paid for, and became a claim in eight days. Listen to what the beneficiary says:
 Mayhower, Ark, Jan. 10, 1917. J. D. Dunaway, Gen. Agent, Mo. State
 Life Insurance Co.,, Conway, Ark.
 Dear Sir-Please accept my thanks for the prompt payment of my sons life insurance. The policy was is- sued December 19, and delivered to him on the 20th, on December 27 the boy was accidentally killed, while out hunting. The claim of 1000 was paid to me, just four days after the final proofs were sent in to the company. shall always speak a good word for the Missouri State Life. Most truly yours,
 (Signed) J. L. Harvill, Admr. (d2t-w1D
The log cabin Democrat., 1917-01-20
TO MAKE COTTON
 RAISING PROFITABLE
That Is the Object of Present Safe Farming Campaign in
 this State.

Little Rock, Jan. 20.-"The present profitable farming campaign is mak- ing many converts among the busi- ness men of the state" said D. c. Welty, agricultural commissioner of l the Iron Mountain railroad, over long ! distance telephone from Hope last night. After our meeting at Mon ticello several business men came to me and said they were sorry that more of the big business men of the town had not attended the meeting. They said that some of the business men had the idea that the agricul- tural experts were going about the state urging the farmers to quit raising cotton. To their surprise they found that what the speakers are doing is telling the farmers how
 to make cotton-raising profitable telling them how they can make money out of cotton, even if boil weevil infestatiop should be worse ! than last year. These Monticello men agreed that the advice was sound, and that it would be to the benefit of both the business men and farmers if it were followed. We hope that more of the big business
 men of the state will attend the meetings during the remaider of the
 campaign. We are sure that when
 they hear the ideas that the speakers
 are urging these business men will
 be with us strongly"
 | Mr. Welty was one of the speak |ers at the four meetings at Hope
 yesterday. He will go to Nevada
 county today. He said the business
The log cabin Democrat., 1917-01-20
BOYS MAKE FARMING
 PAY Al Fl PASO

Fl Paso, Jan. 20-lnteresting facts touching the possibilities in diversi- fled farming were discovered by Superintendent J. R. Hubbard of the local high school when he examined 30 boys as an aid to efficiency and vocational guidance. Mr. Hubbard asked them what they had earned since the last term of school, and found that one boy had made $700, three $470, ten $500, twelve $20O, twenty $60 and four $20. These boys had grown cotton, corn and raised pigs.
 The boys were asked what vocation they want to follow. Of the 50, 35 want to be farmers, , teachers, 3 architects, bankers, ? railway mail clerks, l telegrapher and 1 travel ing salesman. All gave as their favorite studies agriculture, arithme- tic and English.
 Harry F. Kapp, district agent for the profitable farming campaign, is using copy of the report made by Mr. Hubbard as an object lesson.
The log cabin Democrat., 1917-01-20
HENDRIX PREPS LEAD
 IN CLASS BASKETBALL
Defeat all Corners, Winning Five Contests in a Row Without
 Dropping Game.
The Team Standings.

The Props continue to remain perched upon the top of the per centage column in the standing of the teams playing inter-class basket ball at Hendrix College. They have participated in five contests, emerg- ing victorious in every one. In their last game, they beat the Seniors 34 to 10.
 The Freshies yesterday trimmed the Sophomores, "A to 8, outclassing their adversaries in every particular.
 The Juniors won decisive victory over the Sophs yesterday, 33 to IT. The upper-classmen got away with a good start, which they retained throughout.
 Intense interest is being manifested in the series, rivalry is keen among the various classes and large crowds witness every contest. Two games are played every Monday and Sat urday and one on each of the other week days.
The log cabin Democrat., 1917-01-20

men of Prescott had assured him that all meetings scheduled in that county will be held despite the mud.
 Although the bad roads have greatly handicapped the campaign CTS, the speakers report great inter est in the meetings that are held said George Firmin, campaign di- rector, yesterday. "The reports show that more questions are being asked than ever before"
 W. B. Mercier of the United States department of agriculture, who had been called away by illness of mem bers of his family, returned to the campaign yesterday He will speak at Blevins, Hampstead county, today
The log cabin Democrat., 1917-01-20
OUR GRAND JURY.

Conway grand jury is stirring up jack generally. SiXty-eight true bills have been returned and it is given out that there is another week $ work ahead for this body The grand jury in Nevada county has also re- turned 65 indictments. White coun- tvs grand jury has been in session just two days and is now talking of adjourning because there is no busi- ness besore it. Let us not take toe great unction to our own souls. Nc man knoweth when something may turn up.-Searcy Citizen.
The log cabin Democrat., 1917-01-20
RENOWNED LECTURER TOE
 SPEAK HERE SUNDAY

pr. c. H. Mabie of Boston, Mass, renowned lecturer on missions, will make three addresses at the First Baptist church here tomorrow, speak ing at 1 o'clock a. m., 3 p. m., and at z p. m pr. Mabie has travelled around the world twice, studying conditions Tn the various countries, and his talks are expected to be quite interesting and beneficial Students are espe- cially urged to attend.
The log cabin Democrat., 1917-01-20
PRESBYTERIAN SERVICES.

Services tomorrow at the First Presbyterian church will be as fol- lows; II o'clock a. m., quarterly com munlon service, subject: "The Parts of the Communion Service Explain ed;' 9:45 a. m., Sunday school; D. m., Junior Christian Endeavor; 6:3O p. m., Senior Christian Endeavor; 7:15, preaching, subject: Why 1 En- tered the Ministry"
The log cabin Democrat., 1917-01-20
COTTON SHARPLY LOWER.

The cotton markets closed at an other sharp decline today, March New York contracts being down 29 points from Fridays close and 70 points lower than Thursdays close. New York spots were reduced 45 points. The market is now only about 70 points above the low mark reached when the tremendous breaks occur red shortly before Christmas.
The log cabin Democrat., 1917-01-20
EPIDEMIC OF LAGRIPPE.

So many cases of la grippe have developed here since the recent bad weather that it has almost assumed the proportions of an epidemic. The victims are mainly children and at tendance at the public schools has been reduced considerably during the week, but the disease is apparently in a mild form and there have been no serious cases of illness reported.
The log cabin Democrat., 1917-01-20
Personals

For wood, call phone 149.-104-dtf
 Old papers for sale at this office
 Mrs. w. B. Clayton is Little Rock visitor today.
 Furnished rooms for rent. See J. D. Dunaway.-dtf
 Carnations for sale, $1 per dozen. Mrs. J. A. Pence.-d4t
 Leo Grafton went to Morrilton on business this morning.
 Mrs. J. Clarence Dawson is sped ing today in Little Rock.
 Chas. o. Payne is transacting busi- ness in Russellville today.
 Let Barnes & Nelson make those photos for you now.-35-dtf MT. and Mrs. H. E. Matthews are spending the day in the City of Roses.
 Prof. Jabus H. Hoggard of Holland IS business visitor to Conway today.
 Four rooms for rent, furnished or unturnlshed. Mrs. T. R. Douglass. -103-dtf
 Good six room house for rent, good barn, water and lights. R. B. Haskins.-89-dtf.
 Joe Brooks, Normal student, left this morning for Plainview and Dan- vile on business.
 Mrs. Etta Barton is visiting at the home of her brother, Attorney G. c. Hardin, in Fort Smith.
 For Rent-Two modern store build lngs on East Oak street. Apply to II. B. Ingram.-9O-dtf
 Mrs. B. C. Benedict and little son Bruce Carter, returned last night from weeks visit to friends in Pine Bluff.
 For gasoline, oils, air, repairs o, anything else in the automobile line call Douglass & Co.,, garage. Phone 2S7.-52-dtf
 The February Ladies' Home Jour nal Will be on sale tomorrow. Order your copy now, as my supply is limit ed. Lewis Wilson, phone F.
 A Bluebird feature, "The Socia buccaneer,' starring J. Warren Ker rlgan and Louise Lovely, will be tn, attraction tonight at the Grand
 Hard and soft coay on cars and i taken immediately will sell har coal for S7.5O per ton, and Soft coa for $7.OO per ton. R. B. McCulloch
 The Woman's Missionary Societ, will meet Monday af ternoon at o'clock in the room over the pastor study, at the First Me thodist church
 For Sale-Seven room house il good repair, city wat er and lights good outbuildings, large garden. Vii sell at sacrifice. Sal n Glenn.--97- at
 The Saturday Evening Post an Country Gentleman for this wee and the January Ladies' Iome Jour nal are on sale now. Cal phone | for copy, delivered
 MT. and Mrs. L. P. Grish, ,m of Hol land will leave this e1 'ening fo PheonlX, Ariz., and expect to mak their home there in the hope tha MT. Grisham's health will be benefit ed.
 A true story of Villa the bandi, The Enchanted Captain or Hoy Villa Came Bs ck," by George Pat tullo, appears in this weeks Post, O. sale now. Cs.ll phone 12 for copy delivered.
 Mime. Sar ah Bernhard has a mos interesting story, My France" in tn fehruary Ladies Home Journal. Lot of other good stories Call phone | and copy will be delivered this aft ernoon or tonight.
 Senator W. F. Kirby and Bruce bulhon, state insurance commissioner came up from Little Rock last nigh and left this morning for qua shooting trip near Greenbrier. The, are expected to return to Conwa, tonight.
 An announcement was receives , here today of the birth on Januar, g of a son to Mr. and Mrs. Harry w Frierson of Columbia, Tenn. Mrs Frierson will be remembered here a Miss Annie Steen, daughter of tn former pastor of the First Presby terian church at Conway.
The log cabin Democrat., 1917-01-20
NEGRO COUPLE WED.

Judge E. l.. Smith this afternoon united in marriage Edward Fuller and Jamie Madden, negroes, in the office of Circuit Clerk John Reeves.
The log cabin Democrat., 1917-01-20

Jas. H. Collins; "The Garb of Men" by Irwin 5. Cobb; and others.
 Lewis Wilson.
The log cabin Democrat., 1917-01-20

Old papers for safe at this office.
The log cabin Democrat., 1917-01-20
Saturday Evening Post

This weeks Post is Something great. See the lineup: "One Every Minute" :" by Edwin Lefevre; The Enchanted Captain, or How Villa Came Back"
 by George Pattullo; "Doubloon Gold,' by John Russell; Saving it
 for Dad" by Clarence B. Kelland; "A Boycott With a Brass Band" by