davidaulloa/AmericanStories huggingface dataset:
The evening world., 1917-06-13

more Of bonds to-day, making a total
Of $40 100000.
Another $4,000. 900. some Of which
has been partially reported before.
was sent to the Reserve Bank by the
Mechanics and Metals National Bank,
for itself and subscribers. among
whom are the following;
Greene Cananea Copper Company.
$500, 900: Inspiration Consolidated
Copper Company, |l,0oooo0; Millett,
Roe & Hagen. 100000; New York
Life Insurance Company. &i,000,O00;
Il. T. Wilson & CO.. $4,000; Russell,
Burdsall and Ward Bolt and Nut
Company 100000; state Bank and
Trust Company. Hartford. Conn,
325O,O00 Virginia Carolina Chemical
Company, S2b0.000; c. j. Lawrence q
Son, S577. 100; Bartram Brothers. Inc,
S40O 900; II. w. Johns Manyille Com
pany, $250,000; Kean, Taylor & CO.,
| $500 900; North Butte Mining Com
| pany. 1900, 900; Mohawk Mining Com
pany, $60O,0 b. V. ID. Company.
S5OO,O American Brass Company.
! 81 900, 600; Eastman. Dillon & Co,
! t8lO,25O; w. u. Corey. 100000.
Other new subscriptions We're: New
York Air Brake Co. Sj00.000; Charles
! l.. Duvale. $4,000; A. Isein 4 CO..
81, ,OOO, 900 additional. making $1,000 900;
Great Atlantic a Pacific Tea Co,
5000 900. Redmond X CO., Sl,60OOOO;
Corn Exchange National Bank, $40
600 900, making total $50, 100000 Cen
trail Trust Company 10000, 600, MAX
Ing total S38, 800 900; Chatham q
Phoenix National Bank. $1,000 900,
making total $1,000, 900; Japan Society,
81 900; New York Cotton Exchange,
500, 600: New York Cotton Exchange
Clearing Association, $50. 1000: Vacuum
OH Co. employees, $4,000.
Instances showing how the wage
eaTnCTs have responded are furnished
In the following subscriptions re-
ported to-day Public Service Cor
poratiun OF New Jersey l2,jOO en-
pioyees, SI39. 500: Third Avenue EIc-
Vated railroad, 100 employees, SIS
900; Hudson and Manhattan Railroad
/ 500 employees, $23,GOO; Brooklyn
Rapid Transit, ll.40O employees, Sj71-
800: Endicott johnson Shoe Company
700 employ ees. 100000.
Alfred Ii. Smith, President OF IN,
New York Contra Railraod ans
Chairman OF the Railroad Liberty
Loan Committee, said to-day tha
up to date the amount OF subscrip
- tlons received from railroad worker,
OF all branches aggregated 53,470 in,
dividmal subscriptions, The Crane
. total is t5,373,l5O
; A. c. Bedford, President OF IN
. Standard Oh Company of New Jersey
, stated to-day that subscriptions {,
the Liberty loan bonds by some 10,
- 600 of it's employees will hggre gat
Q about one million dollars,
r Final instructions for reporting sub
scriptions were sent out to-day by IN,
Z committee to all banks and trust com
= panies in this district The Telegram
p, follows;
"Inasnuch as subscription book
will close at noon on Friday, sub
scriptions IN your hands at the clos
o OF business Fridays night should b
The evening world., 1917-06-13
RUSSIANS SEND
AUSTR|A'S PEACE
AGENTS TO SIBERIA
Minister Of War Says Spirit Of
the Troops Is Good and
Improving.

PETROGTAD. June lathe dele
cation OF Austrian officers and sol
diors who last week came 10 Klshi-
noff with peace proposals were to-
day sent 10 Moscow and will shortly
be started to siberia.
They will he interned there ns
prisoners OF war.
Tho government believes that by
such action they will effectively
stop further attempts by Austrians
10 penetrate tho Russian lines with
separate peace schemes Warning
has gone to all Russian soldiers not
to permit enemy delegates to reach
the Russian lines.
Tho spirit OF the troops IL good
on the whole. and In certain sectors
the soldiers are full OF enthusiasm" 4"
said Minister OF War Kerensky In an
Interview to-day.
The reorganization Of tho army
lines In proceeding rapidly and favor
ably" continued tho War Minister.
thanks TO tho excellent cooperation
Of tho Army Committee, under whose
authority tho considerable amount ~
fr0terniEing with the Germans that
was going on was unanimously ccn-
sured and has been almost wiped out.
Moreover, tho dcsertions have cN-
cited general Indignation among tho
soldiers, who demand the Hcvercst
punishment Of tho culprlts.
'f'he organization which dcnls with
Athr hanspvi I. ~ icinf~~smsnt0 aud
supplies to tho front has made APP
prcciablc progress"
The evening world., 1917-06-13
LIBERTY LOAN UP
TO S1,65S,OOO,OOO,
BILLION SURE HERE
Continued from First Page)

end to the other, S4,14i, $40 has been
subscribed. This does not include
subscriptions reported through banks.
II was all done in fifteen days. On
the first day 7s4 persons subscribed
s426, 900. Many OF those visited on
the first day were hand picked
that is, the statesmen toured the big
manufacturing districts and the indi-
vldual subscriptions were bigger.
Yesterday. the fifteenth day. Sl23
persons subscribed only $4,000,
demonstrating that tho number OF
small buyers had increased greatly.
Two hundred and thirty eight
thousand Boy Scouts throughout the
United States have sold S2,576, $50
worth Of bonds in the last forty eight
hours, Scout National Headquarters
announced here to-day.
The race In New York Is being led
by the First National Bank which to-
day reported that II had in hand sub
scrlptlons for customers and itself
amounting to 500, ,OOO,O 900, Among the
names that OF j. p. Morgan & Co.
nppours az a subscriber to S,43l 900,
This is a part Of his S5O,0O0,0O0 total
which he il placing through various
banks. The Mutual Lifo Insurance
company added S5,OOO,OOO to it's origi-
nal subscription OF s2,0OO,0OJ, making
s. ,OOO, 900
Tho First National has not closed
lts books. Its list, complied up tc
this morning, Is as follows.
First National Bank, 32j,O 900; l
s. steel Corporation. SIS, 900; Bel
Telephone system, 5000, ,OoO' Chicago
Burlington n Quincy Itailroad, $500,
900: Northern Pacific Railway Com
pany, $500, 900; Delaware, lackn
wanna a Western Railroad, 12OOO'OOo
Mutual Life Insurance Company
81, 900, 900: Rochester savings Bank
Rochester, \. Y, 100000; George +
Baker. 81, ,OOO, 900; George +. Baker Jr
ST. OOO, 900. Francis l.. Hlne, N,OOOOOO
Daniel g. Reid, S,OOo,OO Charles NJ
Schwub. 81 100000; Arthur Curtis
James, AOOO,OOO,
James Mclean, 81 100000 T., IL Ga
rs, Sl,OOO,OOO II. NJ. Tilford, $1,000 OOO
I.azard Freres 81 ,OOO,o 900, George Blu
menthal, 81 ,OOO, 900; United Verde COP
per Company N,OOO,OOO' Payne Whit
Sey, sl,OOO,OOO; American Can Com
pany. $1,000, 600; Frederick c. Bourne
81, 900. 900; II. G. Frick, SlOO0,OOC
George q. Mason, $1,000, 900; Georg
W. Perkins, sl,OOOOOO; Mrs. Evelin
II. Perkins. N,OOO,OOO, National Bi'
cult Company, 100000; Hayden, Ston
& CO., for Ray Consolidated Cope
. Company. $4,000 Hayden, stone
=; co., for Utah Copper Company $3.50
A., 900, Mutual Life Insurance COmpan,
s. 200, 600; j. T. Morgan & Co., F43l
0 900.
' John ID. RockstsLlsE tesk SS.ooo.ot
The evening world., 1917-06-13
BELMONT PARK WINNERS.

FIRST RACE E-TWo-year-olds purse
5000, five furlongs straighI- Sutcn-in-
Time. lO5 tBuNtom, to 10, 90 3 and
out won Thistle lOg J. WilllnmO. \
to /, 3 to I and to q, second school
Glrl. iO5 UNkrl, 20 10 /, tu and 3 To
/. third. Time, 100 20. June Hug,
sunny nm, shasta, our Nephew ana
portiA also ran.
Scratched -GenIge Washington, All
Right and Elyslan.
SECOND RACE The Grand National
StecplrChase Handicap. 81 800 added
fuur-Ntur-olds and upward about three
miles Expectation, lli NiayucsI, J a.
/, Z to 10 ana to g. won robert oliver
.l31 tOCuunor). 10 To T. . to { and 3 O.
2. second Ret, lt2 tliltkel, tu .. 3 ~
aud tu o., third. Time 6.O9 l-5. Fal,
mouth, uibler NJ j. shannon and MAJ
tf.v also ram.
The evening world., 1917-06-13

reported 20 us by mail that night.
Subscriptions received by you sub
scquent to that time will be accepted
by us. provided tclegraphic advice
thereof is in our hands by noon Fri
day stating that the per cent. de-
posit applying to such subscriptions
has been forwarded by mail Method
OF reporting by telegraph such sub
scriptions as you receive Friday
morning will be sent you by night
letter Thursday night"
Tho final rally OF bond statesmen
will take place tonight at Union
Square. Ten bands will start from
different sections OF the city and
converge at the bnttleship Recruit.
Members Of the Liberty Loan Com
mittee will speak
The evening world., 1917-06-13
the WORLD EMPLOYEES
TAKE S125,OOO OF LOAN
All Departments Are Quick to
Respond to the Call TO
Aid Country.

Employees OF The New York World
have, to date. subscribed TO tl25'OOO
worth OF Liberty Bonds through the
cashiers ofice Of this newspaper with
very prompt patriotism.
The express and despatch depart
msnt was the FIRST TO respond to the
Governments appeal. Within two
hours after the subscription list was
received members OF this department
signed applications for the bonds
and every member, from the head to
the youngest boy. was on the list. Tho
composing room subscribed for 'l2'OOO
OF the bonds ns soon as the notice or
the opportunity was given.
The evening world., 1917-06-13
YORK AIMING TO TAKE A BILLION OF THE LIBERTY LOAN
BILL TO MAKE U. S. DRY"
WHILE THE WAR LASTS
Senate Committee Reports Measure
Prohibiting the Manufacture of
Spirituous or Malt Liquors.

WASHINGTON, June IA new
bill to prohibit manufacture during
the war OF foodstuffs into distilled
spirits and malt liquors. was ordered
reported to-day by the Senate Agri-
culture Committee.
Another provision Of the bill would
empower tho President to requisition
existing supplies of distilled spirits
II necessary to conserve food supplies
or TO secure alcohol for war purposes.
The now bill IL designed to act both
as food conservation measure and
a step toward prohibition during the
war. II Is not designed as substi-
tutc for either tho food production or
control bills now pending, hut as
distinct measure combining many
prohibition resolutions and bills.
The evening world., 1917-06-13
WINDSOR RESULTS.

lIRST RACE Claiming, purse 500
for twu-year-olds. four and onc-hslf
urluug, African Arrow 1l3 OClaver),
straight 500, place $40, show 81 40,
S3lO. show $40. second. Walter Dant.
los (Alolesworthl, show t2.70, third
Time, b. Vintage, Chricc, Ruth star
Baby. Little Menard. Lantern also ran,
The evening world., 1917-06-13
DIED

COWAN.-EFFlE !. COWAN.
Funeral from THE FUNERAL
CHURCH, Broadway and 66th st.
Drank +. Campbell Building. Time
later.
MONTAGU E.--ANDREw MONTAGUE.
Funeral from THE FUNERAL
CHURCH. Broadway aud OGth st.
Drank r. Campbell Buudingp, Wsdnss.
day morning. 10 o'clock.
NILLEN.-On Tuesday June IL, 1911.
GEORGE WILLEN, aged ~ years.
Relatives and friends are invited to
attend the funeral from the residence o;
hl4 sister, Mrs. sophie butler, 43s II.
both st., New York rity on THURSDAY.
June "a, al . =, n. lnterment Lutheran
Cemetery, under the direction OF HuEh
T., Euane, Maspeth, y. Y.
The evening world., 1917-06-13
Mine, Not submarine, sank q. n
Fiye-Masted Schooner.

BOSTON. June i3.-Confirmation OF
the reported loss of the five-masted
schooner Harwood Palmer. one of tho
famous Palmer fleet built In Waldo
boro. Me-. In 1904. was received here
to-day.
The evening world., 1917-06-13
RUSSIANS TO Be TOLD OF
AMERICAN lkBOR'S STAND
James Duncan, Now With Mission,
Advised to Attend SocialiStic
Conference at Petrograd.

WASHINGTON. June l3.-To set
forth clearly the attitude OF American
labor toward socialistic movements in
Europe, Samuel Gompcrs OF tho
American Federation Of Labor sent n
cablogram to-day to James Duncan,
Vice President OF the Federation. now
in Petrograd as a member OF tho
The evening world., 1917-06-13
Boston Globe and Employees Take
100000 of Bonds.

BOSTON, June iS-The Boston
Globe for itself and It's employees suh-
scribed for 100000 Of Liberty Loan
Bonds. Every department ot the
paper was represented.
The evening world., 1917-06-13
Leyland Liner Anglican, valued
with Cargo az $4,000. 900. IL sank.

Leyland Liner Anglican, valued
with Cargo az e2,OO0, 900. IL sunk.
BOSTON, June is-The Leyland
liner Angllan. which left Boston May
Is for Liverpool. has bocn torpedoed
and sunk by a German submarine,
according 10 cable advicos seivod
by agents hero to-day.
A cablegram received hero late to-
day stated that fve men from the
Anglihn were missing. There were
two Americans In the crew. James =.
King and John Harmon. both Of
Boston.
on her last voyage from Boston she
was commanded by Capt. LawrenBon
and carried IA general cargo. Ship and
cargo were valued at s2,OOo,OOO.
The Anglian, formerly tho Mcgan-
dic. was a British steamer OF 5,532
tons gross. and was built at Glasgow
in 1895.
Tho Leyland Line also received
word to-day that the British steamer
Mahopac. formerly the Minnesota
which left foreign port Monday for
this country. had been beached In the
Engllsh Channel. The nature Of tho
ships trouble was not revealed. Tho
Mahopac was under charter TO the
Leyland Line.
The evening world., 1917-06-13
AUSTRIA HAS CALLED OUT
BOYS OF II TO COLORS
Report to Switzerland Tells of
Nobilizing of Country's
Youth.

ZURICH, Juno 13.--Austria has
called to the colors all of her boys
OF seventeen years OF age, according
to information received to- day.
The evening world., 1917-06-13
FRENCH STEAMSHIP
SUNK IN ATLANTIC;
1879 ARE MISSING
Sequana, Formerly the City of
Corinth, Sent to the Bot
tom by Submarine.

PARIS. June iS.--one hundred and
ninei y-nins persons are missing out
Of $50 passengers aboard the French
steel screw steamer seauana. tor
pedoed and sunk in the Atlantic, it
was announced to-day. Some Of those
missing are Senegalese troops.
The seauana was formerly tho city
OF Corinth when sunk she was owned
BY the South Atlantic Naviga ton
Company OF Paris. Her gross tnnnag ge
was 5,5b7. She was $50 feet long and
was built in Belfast in 1898.
The daily Nome industrial worker., 1917-11-17
NOTICE OF MEETING.

Sunday Afternoon at f r. M there will be an important business meeting of the Sons of the North There will be annual election of of. ficers and every member is request. ed to be present.
 SECRETARY.
The daily Nome industrial worker., 1917-11-17
BARRIERS AGREE.

All or >hC 0At Dcrs assembled vest crday for the purpose of agreeing upon plan whereby ,heir hours of labor would be shortened during the winter m onths. Tho agree m3nt entered into by them provides that they shall start work at eleven o'clock every morning including Saturdays and close the shops at eight o'clock every evening except Saturday evening when the shops will be open until twelve. They have further agreed to remain open until twelve o'clock D. m. on the day prior to q legal holiday and to do no work on any holiday. The holidays specifically mentioned are Thanksgiving Christmas and New Years. The agreement holds good until April 1. 1918. Those that signed the agreement are Chas Lescher, Frank J. M!elkc, John Nichalay, Gus: Kurelis F. J. Bour- don Ed TarEishcr and M o. Sol berg.
The daily Nome industrial worker., 1917-11-17
BILLY PARKER DEAD.

The sad news vas received here yesterday that Billy Parker q will known old timer died in Seattle. .1r Parker left Nome on the last Umatilla He was well and fayor- ably knOwn in this community He was ore of the early prospe tors that sought for the elusive on the KAYuK and sunk many holes there before Dime creek was struck. He has worked in almost every camp on the Peninsula and his untimely death will be regretted by wide circle of friends. He is a member of the Loyal Order of Moose hay ing joined the local branch shortly after it's organization. Mir. Parker was about fifty years of age.
 Come on in the waters fine. Go while Soing's good.
The daily Nome industrial worker., 1917-11-17
ALASKA NEWS ITEMS
 AND TOWN TOPICS

Percy Blatchford left for Teller with passenger driving Billy All lan's team of drivers.
 
 NJ. V Fcss, familiarly known a, Rough will leave this morning for the Kougarok.
 
 Come on in the waters fine. Ca while gOing's good.
 Chas. l.. Ross is sending two four horse teams out to Tripple Creek with supplies. One load is for Wen shall & Co. and the other tor Han- ser and Go.
 Lynd, Johnson & Company are having a load of oil and supplies sent out to their claim on Flat Creek. Chas L. Ross is doing the hauling.
The daily Nome industrial worker., 1917-11-17

Take your Lunch and Dinner al the Board of Trade Lunch Counter only soc.
The daily Nome industrial worker., 1917-11-17

 in a few days for parts unknown" He intends to return to Dime creek in the spring.
 Dr.. Neuman begs to announce the removal of his office to the Wild Goose Building over Tele- graph Office. Y. .s The accounts and vouchers of the various merchants including the ac- count of the Alaska Lighterage Co.,, in connection with the White Bear relief expedition were turned over yesterday by Mayor Lomen to Hugh O'Neill as chairman of the Citizens Committee to take the appropriate action to have the sa:le allowed and paid.
 w. J. Rowe moved a large barn out to Arctic creek yesterday with twenty head of horses. The barn is to be used by Rowe during the time occupied in the removal of the old Scrvatius dredge. This dredge wa2 purchased by Frank Hall. It is of the Hume type, and will be operated by Hall during the coming season.
 For the best soc. Dinner in Nome go to the Board of Trade Lunch Counter.
 The Pioneer Mining Co. recover | ed a valuable horse which strayed away frrm the herd several days ago The morse was found at Cape Nome by Mr. Kenny of the Cape Nome roadho lse. who immediately notified the company by telephone, and a man was sent to bring it back to the company's stable
 Fresh Good. at five o'clock for your dinner table at the Nome Bakery, next Hills Drug store. I
The daily Nome industrial worker., 1917-11-17
PIONEER IGLOO HOTEL.
Secure your housekeeping Roo

Secure your hOusekeeping Rooms now for the winter. A few left.
 Arthur Brooker intends leaving in a few days for parts unknown" He intends to return to Dime creek in the spring.
The daily Nome industrial worker., 1917-11-17

Dr. Neuman begs to announce the removal of his office to the Wild Goose Building over Tele- graph Office. 70 as
The daily Nome industrial worker., 1917-11-17
WEATHER REPORT.
U. s. Weather Bureau.

U. s. Weather Bureau. Nome, Alaska, Nov. 16, 6 A. M, Temperature: Max. II, Min. [. Barometer: 3O.322 inches. Weather; Cloudy.
 Wind. N. E. 6 miles per hour. Precipation: None.
 Nov. 16. P. M. Temperature: Max. II, Min. g. Barometer 30.3S4 inches. Weather: Cloudy.
 Wind: N. E., miles per hours. Precipation None.
 Pioneer Igloo Hotel. Rooms 5Oc and up. Large Reading Room fol guests. Mrs. Jno Monohan, Prop.
The daily Nome industrial worker., 1917-11-17
NOTICE TO ADVERTISERS.

NUIION IV HDE I1NI IDIIAkN5s
 Advertisers will please note that all changes in standing Advertise ment must be received in this office before c D. m. for the following mornings issue.. No exception will he made to this rule.
The daily Nome industrial worker., 1917-11-17

Come on in the waters fine. G while Soing's good.
The daily Nome industrial worker., 1917-11-17

LOCAL 24O, l. U. NJ. NJ. X 5. w.
 She. regular meeting or the Nome MIne Workers Union. Local No. H40. of the w. F. of M. Is held every Saturday evening at p. m. at Miners Hall. Office hours l D. m. 10 6 D. m., 2 p. m. to p. m.
 ANDREW BECA, President. ALBERT BRATEN, Sec.-Treasurcr.
The daily Nome industrial worker., 1917-11-17

CARPENTERS AND J0lNERs. Local Union I7sS, Carpenters ana Eoiners of America, meets every Fri asy at Al Orland's shop Front st.
 Carpenters Headquarters. Teder- Rl Labor Hall.
 Rt s D. m. '' +'''"' Y
The daily Nome industrial worker., 1917-11-17

Mrs. Jcle Collins many friends will be pleased to hear that she has arrived sarery and well ir New York City. Her husband MT. Jere Collins rece1ved a telegram to this effect yesterday.
 The Peoples Laundry which has made thoroughly overhauling to their machinery is now again in shape to 60 busin"ss.
 Reasonable prices, ard first class workmanship at the Nome Tailoring Company.
The daily Nome industrial worker., 1917-11-17
ORGANIZED LABOR.

INTERNATIONAL UNION MINE, MILL sS SHELTER WORKERS. Headquarters 511 Denham Buld'g.,
 Denver, Colorado.
 UMAS. MOVER. ERNEST MILLs, %. Preaident. sec.-Treaa.
The daily Nome industrial worker., 1917-11-17
THE BEAST" TONIGHT
 DOUGLAS FAIRBANKS SCND N

All the glamour of life in the West is portrayed in the bar-room and daEce hall scenes in William Fox's new photolrama "Tha Beast" which will be shown at tha Dream torignt. It is especially in tie scene wEerc the little Eastern girl (Anna Luthcr) is entrapped into the back room of the dance hall that the spirit of the west is most evident. George Walsh a:i the Cowboy is rear of the bar room, he fights fol ideal, he finGs the heivers in the rear of the bar rooms he fights for her, wins her, submits her to dang CT, reScues her, nurses her back to health, returns her to her home. But they meet again. For the whole story you will have to see "The Beast" tonight. On Sunday night the late:t Triangle Douglas Fairbanks story "The Good Bad Man" will be shown. Douglas Fair banks portrays The Bandit in his first western, and introduces many great dare devil stunts. It is a great picture and shows. some of the most remarkable photography ever seen Cn the screen.
The daily Nome industrial worker., 1917-11-17
LADIES tS GENTS TAILOR.

LADIES I2 GENTS TAILOR. Your Clothes Cleaned, Pressed and
 Repaired. SUITS MADE TO ORDER from select fabrics and trimmings. ALL WORK GUARANTEED. Cor. Lanes Way and Front Street.
 Nj. PASCOFF.
The Barre daily times. (Barre, Vt.) 1897-1959, 1917-12-22
Sensible Christmas Gifts

Hosiery makes neat gifts You buy Hose that
be Zoe for 35c and these Hose weeks from now
/ will be Soc We know You will know later
Silk Hose for better kinds put up Christmas boxes are
very good Silk Fibre Hose good quality at Silk
! Hose at little more.
Buy Underwear for the whole family and save one-half
your money.
Sweaters. What have left at less than of yarn
to-day.
Wash Goods good assortment that will have to be
marked up stock day, Feb /.
Umbrellas make desirable gifts These large assort
ment at saving.
Marshall Fields Handkerchief
Our selection from the largest line country They
manufacture large part of their output You will values
here far better than in most lines Some of these Handke
chiefs look to be better than last years They will appeal
to you unequalled values.
Nice lot of Leather and Silk Hand Bags.
Ladies Neckwear is good value anything in our
store New lot of Kid Gloves for the Christmas trade
There several things in Bargain Basement at
saving.
For friends that just to remember buy from our
The Washington herald., 1917-02-14
RESERVE BOARD BOOSTS
commerce With ORIENT
Establishes Direct Connections with
Foreign Financial Institutions.

An open door to China and other
Oriental countries yesterday was pro-
vided by the Federal Reserve Board when
II approved the application of the Fed
edarl Reserve Bank of San Francisco
fer authority to name as correspondent
the Philippine National Bank at Manila.
This institution occupies to the Philip
pines a position relative to that occupied
by the Federal reserve system to the
United States.
The establishment of this direct con-
nection between American banks and the
Far East signalizes a new financial era for
this country, it is believed by the board.
The rapid spread of collar exchange.
favorable to American foreign traders,
will be a direct result of the new con-
nection. It is stated.
The United States does a business of
over S1oo,OO00oO a year with the East and
the financial end of this trade heretofore
has been difficult of operation because
ciearanees have largely been through
London.
While the San Francisco Bank noui-
nally Is the direct correspondent of the
Manila Institution, the entire Federal Re-
serve System, including the eleven other
FEDERAL reserve banks, and the 1900 MEM
Der banks, will derive substantial bene-
hts from the new arrangement.
The Federal Reserve Bank last Decem-
Der named the Bank of England as its
correspondent and the naming of the
Philippine National Bank is the second
step OF this kind. Next, a connection is
to be established in South America, and
then the Bank of France will be made
q correspondent Other foreign capitals
VIII later be brought into the system,
which is designed to aid American export
ers and importers In obtaining a tre-
mendous share Of the worlds trade