davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-17
News Digest
Foreign

London Market Steadier. - London,
May 16.-The stock market to-day, con-
STRUNG the Russian outlook as more
favorable, developed a steadier under
tone, with a general recovery in Rus
sian bonds and mines, though improve
ment in British issues was checked by
the poor response TO the New South
Wales loan of 60 900 900. Shipping and
Brazilian shares hardened on light sup
port, and the leading rubber and oil
stocks were in good demand. South
American bonds and rails were steadily
supported, but Greek bonds were weak.
American securities moved irregularly
and closed dull.
Easy conditions prevailed in the
money market, while discount rates
were dull.
Paris BOursc.-Paris, May l6.-Prlces
were steady on the Boursc to-day.
Three per cent rentes 81 francs 80 CEN
times for cash. Exchange on London
q francs Is confines. Five per cent
loan 81 francs 20 confines. The Boursc
will be closed tomorrow, Ascension
Day.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-17
u. S. Treasury Finance

Washington, May l6.-The COW ,ls,s
of the United States Treasury ..d
to-day showed: Net balance 10 ~,
fund. st94.166.615; total rese,peSc
s73,7t7; total payments, 49,, ta,
The deficit this fiscal year "sS631
SCOOPS, against . deficit OF -
last year, exclusive OF Paas1 h
and public debt transactions
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-17

The above rates express the cost of
foreign money in terms OF the Amer
can dollar. You buy an English pound
sterling at. say. $4.75ts. The intrinsic
parity is S4.S6Ss per pound. Thus, you
say either that pounds are at a dis
count or that dollars are at pre-
MUM, 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 country for pounds with which to
settle accounts in England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-17

II is altogether unlikely that peo-
pie will carry thrift so far as to
endanger prosperity. The real dan
ger is that they will not economic
enough, which is to say that much
productive energy will be devoted to
unnecessary things. The warnings
against overriding economy are,
therefore, uncalled for, and in a
sense they are harmful, since TO sug-
gest that things should 20 on as be-
fore is to minimize the crisis with
which we are confronted. The fact
is. the chief difficulty which the coun-
try faces to-day is the apparent fail
ure of people TO realize that we must
take an active part in the great
struggle-a part that calls for sacri-
flee by every one of us. The general
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-17
Money and Credit

Banks were somewhat more liberal
Yesterday in their offerings of funds IN
the market for time loans againsI
stock exchange collateral. Accordingly
the tone was easier, although thlS
tendency was not sufficiently pro-
nounced TO carry any special slgnlh-
canoe. Rates as ruie were uh
changed. Loans based on industrial
securities as collateral were quoted AZ
3 per cent for all maturities. Loans
on mixed collateral were "a to per
cent for all maturltles.
In connection with the proposal that
hanks extend credit on the new Lab
ertv Loan bonds as collateral at ) =
per cent. the interest rate OF the.
bonds. the comment of George VI. Rey--
nolds. president of the Continental and
Commercial National Bank of Chicago,
excited much interest in local money
market circles.
at is an unsound and uneconomic
proposal," Mr.. Reynolds said, that
banks loan money on government bond
collateral at the rate carried by the
bond. Trying to do so IS 10 keep
banks from investing IN these bonds
and placing them with investors. u
We made collateral loans at the same
rate Of interest rs the bond rate there
would be no incentive TO pay oil the
loan. Banks might as well subscribe
in the first place. Banks must not
loan money at loss. We are carry
ing treasury notes at per cent and
losing money. That is all right, since
the notes will facilitate bond subscrip-
tons, and are liquid assets of short
term, but we must realize earnings on
capital to meet losses and build up
business
Call money at the Stock Exchange
yesterday ruled at 2is per cent, IN
changed from Tuesday.
Ruling rates or money yesterday.
compared with a year ago, were az FOL
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-17

Below is ? ven the current exchange
value of foreign money in dollars and
cents, together with the intrinsic gold
parity, as calculated by the United
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-17
Elections
CORPORATION Returns

Otto r. Barnard has been elected a
director of the Pacific Coast Company
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-17

Silver in London. 3S pence;
New York. 747s cents; Mexican dollars,
IS cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-17

Gold Currents.-Spsin continues to
draw on the United States for gold,
Yesterdays engagement at the local
Sub-Treasury for export TO that coun-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-17
Wednesday, Nay f6, 1917

Business as usual" is insistently
advanced as the policy which the
American people should adopt during
the war. But business is not and,
in the nature Of things, cannot be
"as usual" War is an unusual oc-
cupation. and while it lasts it must
be tie chief business of the nation.
Everything else is Of secondary i'm
portance. Consider what is hap
pening in the business world as a
result of our participation IN the
war. In order to put the army and
navy on a war footing large part
Of the output of steel mills is di-
verted from private consumers to
the government. That is true also
Of other plants which are manu-
featuring things needed in war. To
man the navy and recruit the army
TO full strength many thousands of
workers are drawn from gainful
employment, thus creating a further
void in the already attenuated sup
ply of labor. AS war time meas
ure, speculation on the grain ex-
changes is stopped. Railway pas
senger service is curtailed. In
finance things are at a standstill.
All, or practically all, new corporate
borrowing is suspended, pending the
successful flotation of the war loan.
These are but few Of the develop
ments since we entered the war, and
none of them are "as usual"
1t is futile to expect that business
will go on as before, and it is worse
than futile to urge, as many are
urging, that saving should be eff
fected wholly by preventing the OBJ
vious waste in food, and not at all by
otherwise curtailing expenditure.
j nat, III tHcCl, - W ulG C a pOiiNs VI
extravaganza, and extravaganza is
something which cannot be con-
doned in a time such as the present.
1t is argued that if people were to
stop buying luXuries those engaged
in providing and marketing them
would suffer. Very well; that is a
hardship for the individual, but in
the national sense it would be good
thing. first, because of the saving
effected, and, secondhand perhaps
more important-because the labor
is required for the production of the
things which are vitality needed to
conduct efficiently the gigantic task
which the nation has before it. The
fact is, to urge elimination Of waste
and at the same time to state that
there is no need whatever for cur
tailment of the purchase Of things
ordinarily used by the people is an
absurd contradiction of terms.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-17
New York

7. W. WooIworth COmpany-At the
annual meeting the resolution of the
directors to retire 100000 preferred
stock on July 1 was approved by share
holders. This brings the outstanding
nreferred issue down TO 81, 100000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-17
Oklahoma Producing & Refining

Oklahoma Producing < Refining
The company's report for the three
months ended March 81 last shows net
earnings of S456,747. The surplus. al
ter allowing for dividends of Sl25,OO0,
was S331,747. The total surplus on
April | was s1,58O,0O0, equal to over
30 per cent on the s5,0OO,OO0 capital
stock. Cash in bank was 81 ,05S,000 and
accounts receivable $4,000
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-17

Sub-Treasury. - New York bank
lost TO the Sub-Treasury $4,000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-17

try aggregating 100000. Exchange
rates strongly favor Spain at the pres
cnt time. owing to the large trade bal,
ance now running against the United
States in commercial interchange be-
tween the two countries.
Rank Clearings.- The days clearings
IL Nn.l. NnrL mud nflnr rifioe.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-17

Mines Company of America Report for
the year ended December 81. 1916. including
subsidiary companies. compares as follows !:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-17

Even before we entered the war
the production of goods was falling
behind the demand, and if demand
remained unchecked the situation
would quickly become acute because
of the further deficiency in the sup
ply of labor created by enlistment.
That deficiency must be made up by
curtailment of the private consump-
ton of goods. Let us suppose, for
illustration, that a worker who pro-
duces a hundred units of certain
commodity in a day is drawn into
the army, and that Gas is the case)
il is impossible to get another worker
TO take his place. The number of
consumers remains unchanged, but
the output has fallen, while the
needs of war have been added and
must be met first, and consequently
private demand must be adjusted &C
cordingly. That is possible only
through individual economy. Or,
suppose that a thousand men arc en-
ployed in the production Of a.luXury,
and at the same time "A thousand
more men are needed in the produc-
tion of shrapncl shells or wheat.
Could anything but good come of the
diversion Of that labor from produc-
ton of the luxury to production Of
the necessity? And that is one thing
real economy would do.
1t is not merely a question of i'm
mediate prosperity; it is question
of winning the war. No matter
how much we economic, prosperity
can hardly fail TO last at least until
the end of the war, because there is
certain to be employment for every
one, and at high wages. To win the
war, every one must produce more, if
that is possible, and consume less,
and if we do these things, and there
by emerge victorious from the strug-
gle, we shall be better equipped in
every way to meet the fierce compe-
tition which is expected to develop
when peace is reestabished.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-17

Surplus.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-17

'Surplus
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-17

A Budapest telegram states that
large areas of the occupied districts Of
Rumania have been planted to wheat
and vegetables by Austrian and Hun
garian soldiers. Vegetables are already
heinc. cont TO Nienna
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1917-03-28
Engineers Coming to
Make Preliminary Study
of City's Ash Problem

Representatives of one of the engi-
neering firms which will submit pro-
posals for the ash and garbage sur
Vey planned for the city, will be here
tomorrow to make a preliminary in
vestitagoin.
DIR j. Nj. J. Raunick, City Health
Officer, and Commissioner II. u. Gross
will confer with the men, and furnish
needed Information.
1t is probable that Council will be
asked next week to approve plan for
an ash and garbage survey, so that it
can be started at once. Commissioner
Gross announced.
Three gangs of men started to work
to-day in the West End district, and
will spend the remainder of the week
there to make another general clean
up. Regular schedules will be resum-
ed again on Monday morning, DIR.
Raunick said.
Because of the big accumulation of
ashes and refuse in the West End
section delays have resulted the
Health Officer explained, in removing
large piles from the yards, resulting
in u loss of time. When the clean
up is completed this trouble will be
removed, and with the additional men.
teams, and auto truck now in service,
all schedules will be maintained with >
out difficulty, DR.. Raunick said.
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1917-03-28
JAMES W. GERARD
TO ADDRESS GREAT
PATRIOTIC MEETING

With war clouds lowering near. the
patriotic blood of Harrisburg citizens
is surging through their veins with re-
newed vigor. The Harrisburg Chamber
of Commerce. in keeping with the
times, is planning patriotic meeting
of its members and representative cit
liens The meeting will be held some
evening next week.
James w. Gerard, of New York city,
former Ambassador to Germany, has
consented to address the meeting, and
is expected to advise the officers late
to-day or tomorrow the >exact date
next week that he will come to uar-
risburg.
The officers of the Chamber of Com
merce have been planning a patriotic
meeting for the last two weeks, but
have not been able up until now to
make a definite announcement.
The meeting will be held in Chestnut
Street hall and the Chamber of Com
merce will endeavor to see if arrange
ments can be made through Quincy
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1917-03-28
FURIOUS ATTACK
FORCES GERMAN
WING TO RECOIL
Teutons Making Desperate
Struggle to Regain Com
manding Plateau
FRENCH CLEAR WOODS
Allied Armies Sweep Within
Short Distance of Big
Cities
FRENCH CLEAR WOODS

The southern wing of the retreating
German army is slowly recoiling along
a ten-mile front under the furious
onslaughts of the I'rencn. The first
section Gf the great Coucy-St. Gobain
forests has been completely cleared of
the invaders and General Nivelles
troops are now face to face with the
last formidable natural barrier which
lies between them and Laon-the pla-
teau of st. Gobain.
This densely wooded plateau lies be-
tween the Disc and the Ailette and
is about 10000 acres in extent, rising
from about 80 to 200 feet in height.
No railways or highroads traverse 1T,
but an important railroad sweeps
around its southern border and runs
north to Chauny. This road is in the
hands of the French up to within
about three miles of Anizy. which is
ten miles west of Laon. To the north
the French are about two miles from
the town of st. Gobain. center of the
most famous glass factories in Europe
st. Gobain is thirteen miles northwest
of Laon.
No change has taken place in the
neighborhood of st. Quentin, where
the Germans are still making des-
perate efforts to wrest from the French
the Essigny- Benay plateau, undiSputed
possession of which will, according to
military critics, render the fall of the
city inevitable. Farther north the Brit
iSh have made some slight progress,
but no material change in the situation
has taken place. BaC weather is re-
ported TO be seriously interfering with
operations on this portion of the front
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1917-03-28

Bent to have the noted band that Chas.
NJ Schwab maintains at South Bethle-
hem come to Harrisburg as a feature
of the meeting.
Eagerly Looked Forward 10
EN-U. $. American Ambassador Ger
ard returned from Berlin within the
month and his intimate knowledge of
the situation in Germany before and
since the severance of relations be-
tween that country and the United
States qualities him as no other man for
discussion of the present status of
affairs affecting both countries.
President David r.. Tracy stated to-
day that the Chestnut Street hall will
be secured for this address so that
there will be ample accommodations
Tor all who want to hear the former
ambassador, and it is certain that even
this large auditorium will hardly con-
tain the great crowd which will want
to hear the American representative at
Berlin during the period of the war.
Everyone is anxious for ffrst-hand
information regarding the real attitude
of Germany toward the people of the
Continued On Page 8
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1917-03-28
NAME AMERICAN
GOVERNOR FOR
DANISH INDIES
U. S. TO Fortify Islands as
Naval Base to Protect
Panama

Washington. d. c., March 2S.-Rear
Admiral James H. Oliver, chief of
naval intelligence, to-day was named
by Secretary Daniels as governor of
the Danish West Indies which are to
be taken over Saturday by the United
States. The ceremonies of transfer
will take place at st. Thomas and in
Washington on the same day Secretary
McAdoo will deliver to the Danish
minister the government warrant for
$25,000,000 in payment for the islands.
Important fortifications will be con-
structed and the islands used as a
naval base for further protection of
the Panama canal and for general
military purposes.
Rear Admiral Oliver will leave Sat
urday for his new post. lie will serve
until o permanent form of government
is fixed by Congress. Secretary Daniels
announced that two naval vessels, the
transport Hancock and the cruiser
Olympia, have been ordered to
st. Thomas for the transfer cere-
monies.
The acquisition will be marked by
the lowering of the Danish flag and
the raising of the Stars and Stripes
and firing of salutes by the two ships.
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1917-03-28
Big Chief Buffalo Here
on Way to Tell Wilson He
Has Regiment of Indians

Big Chief Buffalo, of Oklahoma,
passed through Harrisburg to-day en-
route to Washington, ID. c., to sec
President Wilson and inform the lat
ter that he has a regiment of In
dian fighters who will go to the front
if needed. Chief Buffalo is SIS years
of age, but says he is still full of
fight.
After he has finished his business
at Washington the famous chief will
take a pleasure trip to include east
ern cities. He will visit the Carlisle
School before returning West. With
Chief Buffalo was his wife, two
daughters and guide. The wife wore
the regulation Indian costume, and had
a large red blanket wrapped about
her. The daughters were fashion,
ably dressed and carried blankets.
The party attracted much atten-
tion during their short stay at the
Pennsylvania Railroad station and
spent money freely They occupied q
section on Pullman sleeper.
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1917-03-28
Police Nab Man With
Forty Pounds Dynamite
Half Mile From Fort
Bv Associatea PrcSs

New York, March 2S.-Discovery of
motorboat containing forty pounds
of dynamite and sixteen detonating
caps within half mile of Fort Totten
and not far from a United States-de-
stroyer on neutrality duty led to the
detention by the police to-day of a
man who said he was Matthias John
son, of Perth Amboy. n. j. Johnson
SAID he was wrecker, who had come
from Perth Amboy to blow up a
wreck, and had put in for shelter at
the basin near the fort because of rain
and darkness. The police authorities
asserted he produced no license as a
wrecker or to transport dynamite.
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1917-03-28

Governor BrumbauSh called the
meeting to order at 11.45. He said
that history was repeating itself in
gathering of the strong men of the
State to provide for its defense when
the nation is threatened with war.
Momcntous Day
This is a momentous day in our
State and nation" said the Governor,
'and none know what the morrow
may be, but all of us know that, what
ever comes it is our duty to exert
ourselves with judgment and zeal to
uphold the great traditions of our
State.
pennsylvania has a unique obliga-
ton in the crisis we are facing. Should
war be declared, this Commonwealth
would be required to produce one
tenth of the army and navy forces of
the nation. Industrially, we should be
obliged to produce more than one
tenth of what the country would re-
quire. Pennsylvania's duty is plain.
Because of the magnitude of the prob
lem, the Vastness of the possibilities.
the present situation calls for the very
best that is in. us
Concluding the Governor urged that
whatever we do we do it so that the
President of the United States and the
Congress can take our work 100 per
cent. right"
In introducing George Wharton
Pepper, of Philadelphia, chairman of
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1917-03-28
WEST END TRAFFIC
TANGLE PROBLEM
WILL BE SOLVED
Residents Anxiously Look TO
Trolley Survey to Correct
Present Difficulties

incidental to the street railway sur
Vey which is now being conducted by
the most distinguished street railway
and traffic expert in the United States
there is increasing interest in the prob
lem of the business community at Third
and Broad streets For years there
has been great dissatisfaction over the
present operation of the lines in Third
street. Not only the businessmen are
protesting but the citizens generally
complain that the present arrangement
of running the cars up Fourth stre-.
and down Third is Inadequate and
grossly inconvenient
Want Tive Tracks
They believe that it is entirely pos
sible and feasible to operate a two
line service in Third street and it is
the hope of hundreds of people in the
CONTINUED ON Page III
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1917-03-28
Middle West Men Flock
to Navy to Meet Emergency
BY associated Press

Kansas City, Mo-, March 2S.-Re-
cruits for the Navy are being received
at the naval enlisting office here in
numbers never before exceeded, at
taches of the office said to-day
Usually about 80 per cent of the
men offering themselves can pass the
examinations" an attache of the office
said. "Now, however, nearly so per
cent. of them are being accepted"
The explanation given was that the
call for possible active duty was at
tracing high type of men" Eight
women volunteers to-day took up
clerical duties in connection with re-
Cruiting.
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1917-03-28
Plan to Raise Great
Relief Fund For Men
Who SerUe Uncle Sam

New York, March 2S. - In connec-
tion with its campaign to recruit 100,-
600 men for the navy and its auxiliary
services the Navy League of the
United States will try to raise war re-
lief fund for the maintenance of the
dependents of volunteers. In this
work the officers of the league will be
aided by the service of Sir Herbert D.
Ames, honorary secretary of the Can
adian Patriotic Fund and Commodore
Aemilus Jarvis, who have had charge
OF such efforts in Canada. Sir Her
bert In speech before the league here
yesterday described how S12,0OO,OO0
has been collected and $4,000, 600
moro subscribed for u similar cause
in the Dominion.
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1917-03-28

President Wilson was in conference
to-day with Colonel Il. NJ. House, but
1t was said that he does not plan to
put his message to Congress in final
shape until the last minute, nor has il
been decided, even after yesterdays
Cabinet meeting, just what recon-
mendations he will include in il.
Congressional leaders are counting
on having to deal with nothing but
measures relating to the international
crisis during the special session.
Among Democrats, Republicans and
Independents of the House to-day
there was a belief that the House
Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1917-03-28
Only the Sawdust Left
by Cuban Rebels Who
Stole Entire Circus

New York. March 2S-Cuban revo-
lutionists stole an entire one-ring cir
Gus except the sawdust, according 10
Edward and Lottie Mckinley, men,
bers of the show, who arrived here
to-day on steamship from Cuba. The
rebels, ordered by their chief to COM
mandeer the circus horses and food
supplies, made off with the garments
of Caesar and Cleopatra after drawing
lots for distribution of them and also
q 23-year- lion and Hattie, the eie-
phant. The circus was playing at the
time at town about twenty miles
from Havana.