davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-06
Russian Labor Shortage

Farmers in the Baltic provinces Of
Russia are confronted with a seriol'
shortage of labor. They are PAYING
rubles day for men or women. Tbs
is s1.54 at the normal rate Of exchange.
1t is much higher than has ever been
paid in these provinces for Ordinary
farm laborers.
Since the war started $500, 1000 B"
been raised within the Commonwealta
of Australia by the Federal govern,
ment. This money has been SUBSCRIBED
principally by the wealthy class, sndM
effort is now being made 20 encourage
large number of small subscriptions
along lines that have proved so sue
cessful in Great Britain. A SAVING
certificate campaign has been organ
lied. The interest on these eertineab'
will be Az per cent, and contribution
may be made in stamps as small IS
cents and at any time It is conyenien'
to the holder of the money. The GER
tificates that will be issued will diner
from banknotes only in the Limitation
of their negotiabiiity. These eertih'
Gates will not be negotiable in the sense
that banknotes are, but they VII! o.
negotiable in the fact that they each
represent not less than lis. Cd, walea
in three years will become 81. These
certificates may be bought in amounts
which in three years will become Al, 30
$40, sI00 and 1000, according 70 ne
amount deposited. No person is o..
lowed to hold war savings certihests'
70 a greater amount than $1,000. fo'
those who cannot put down Us. oo'
there are forms issued like double posi-
cards with thirty-fve spaces, to whna
stamps TO the value of Cd, or IL eene
each, may be attached. In three yea"
that card will be worth g..
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-06
Crop Outlook Better

The general crop outlook is optimis-
tic. Corn is improving steadily in
condition, and this is due to the
higher temperatures prevailing. Wheat
is turning out far better than ex-
pected. Farmers are not shipping,
but holding for higher prices. Every
thing continues rosy for the oat
crop. Many localities are having
bad weather for making hay. The
second and third cuttings of alfalfa
are being made under difficulties.
Conditions in portions of Okla
homa, Kansas and the Panhandles are
not favorable, but this is not I'M
usual or unexpected; the Southwest
won't learn it's lesson and grow the
"sure crops" North Dakota con-
ditions arc unfavorable. The really
bad feature this week is the renewal
of shipment of livestock from the
farm; means should be found to
divert these shipments from the
stockyards to farms all over the
country,-AmericGn Steel and Wire
Company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-06
Roads Burn More Coal
Western Lines Lead in Per.
centage of Increase

WASHINGTON, Aug. 5.-American
railroads used during 1916 l36,ooO'OOo
tons of bituminous and 6,7S5,OOo tons
of anthracite coal, the United States
Geological Survey to-day announced,
an increase of 100000 tons, or ll.5
per cent in bituminous and $4,000
tons. or s.5 per cent of anthracite.
Western roads led in the percentage
Of increase in coal consumed, using
6.5oO,OOO more tons than year before,
or "A per cent. The increase in con-
sumption Of coal by Eastern and south
ern roads was II and 81 per cent, re-
snectivelv The amounts consumed by
the roads were 81 per cent Of the pro-
duction of bituminous coal throughout
the country and TT per cent OF the
anthracite production.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-06

Money conditions have worked
into a somewhat easier position dur
ing tie last week. Call money at the
Stock Exchange loaned as low as
IA per cent, against 10 per cent two
weeks ago. This is not surprising,
however, in view of the fact that the
large lending institutions are liberal
in the offerings on call, while they
are much more conservative in ex-
tending their credit commitments on
time. Time funds and commercial
paper, while moderately easy, are
still considerably above the levels
prevailing prior to our entrance into
the war. The explanation, of course,
is found in the knowledge on the
part of the bankers that the govern
ment will be a continual borrower
for the rest of the war, which tends
70 generate caution among lending
institutions when it comes to putting
money out on time. limitations have
come from Washington lately that
the next instalment of the Liberty
Loan would not be issued until NO
vember Is. In the meantime it is ex-
pected, however, that the govern
ment will issue steady volume of
certificates of Indebtedness, so that
the postponement Of the big loan
until late in the fall in no way re-
lieves the banks of the burden of
financing the governments current
needs.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-06
Monday, August 6, 1917

Speculative and investment inter-
est in securities was at a minimum
again last week. Dealings at the
Stock Exchange were exceptionally
small, partially because Of the heat
and partially because there was no
change in the situation warranting
any extension of commitments. Curl
ously enough, despite the inactivity
of securities in general, prices on the
average worked higher, a develop
ment that, to close observers of mar
ket conditions, was viewed favorably
as indicative of a sturdy market
structure. Attention was also at
tracted to the evidence of clique
operations in certain of the indus
trial specialties, prices of which in
some cases moved ahead and out OF
line with the rest of the market.
Buying of stocks, as has been the
case for many weeks, came almost
entirely from professional sources,
principally repurchases by traders
who had sold stocks for the fall.
While the outside public is showing
little interest In securities, either
from the speculative or investment
point of view, it is worth noting that
there has been no liquidation of i'm
portance for some time past. This
does not mean that bad news would
not bring out real selling. 1t does
indicate, however, that the average
holder of stocks is not worrying
much over the future. What inspires
confidence are the steady reports OF
good month to month railway earn
ings coming to hand and industrial
statements of operations that have
revealed in many instances extraor-
binary and quite unprecedented earn
ings. The Steel Corporations quar-
terly statement, issued last week, is
case in point. Net earnings were
close to S145,0O0,000 for the three
months period, or s9O,OOO,Ooo after
huge allowances were made for the
proposed government war taxes.
There was time not long ago when
100000 net for full year
would have been considered an I'M
usual exhibit of prosperity on the
part of the worlds greatest corpora
ton.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-06

The last week has witnessed a
slackening in the volume of new
corporate financing. Whether this
has been due TO a desire on the part
Of the bankers TO wait until the
500, 100000 Canadian government
note loan had been properly d.
gested, or 10 other reasons, is not ap-
parent. II is known that there is still
considerable financing Of this sort
that will have TO be done in the near
future. The programme will doubt
less be favorably affected by the evil
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-06
Investors Should
Be Wary

1t therefore behooves the investor
to discover first whether the title to
the property rests in the company or
whether the company has only a
bond and lease on a property. Some
claims have been bonded to as many
az a dozen comanies and have final
" been made. These were forth
with sold to big corporations oper-
ating big plants for substantial
sums. These properties have been
made into mines by as many mining
operators, who could not hang on
long enough to keep the reward of
their own labor, or who received too
small an amount from the sale Of
their stock to make a mine out of
the prospect.
The mining operator may be hon.
est, hard working and capable. The
stock broker who sells the securities
is certainly not in business for phil
anthropic purposes and the public has
merely a slim chance to make money,
even if a real mine is developed, un-
less the ownership Of the property is
in the name of the company. 1t is not
necessary for the land to be patent
Cd, if the ownership is secure, for
the first $500 spent affords patent
to the ground from the government
of the particular claim being devel-
oped.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-06

Owns the ground it is working, not
one dollar has been paid for the
property, and 1t does not own any
thing but the gambling chance that
before the bond and lease expire
sufficient ore will be taken out to
buy what the stockholders think they
have, and after that to afford a divi-
dend.
Presenting now that ore is struck
IN good quantities. 1t is heaped on
the dump. The smelters are asked
for contracts for ore at a certain
price. Perhaps, but not always,
contract is given, and some ore is
shipped. Back come the net smelter
receipts showing the ore has been
ponalized for this, that and the other
contents, by-products of the mine,
and these penalties deducted from
the purchase price of the desired
ore. Sometimes the mining operator
finds he has got to ship more ore
to the smelter to relieve himself
from a debt contracted with the
smelter for the smelling of his first
shipment.
On the other hand, the smelters
may refuse to accept any of the ore.
and the mining operator, praying
for bad luck or l. w. WIS to tie up
some other producing property, digs
and piles his ore on the dump.
Presently the time for the final
payment on the property arrives.
Considerable work has been done,
but no ore has been shipped, or
been SHIPPED at a small margin, or
shipped under big penalties, and,
again, may have been shipped at q
big profit.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-06
Perplexities of
High Finance"

In the first place, unless the owner
wishes otherwise, he may turn the
company off the property, and seize
the tools, and take what ore has
been dug and sell it for his own
profit. Or, if payment is made,
he may turn over deed to the prop
erty.
In the latter course, the stock
holders will not be able to figure out
how a mine which produced big
shipments of high-grade ore, and
shipped practically from the grass
roots, was unable to declare a divi-
dend, and be willing to let go Of
their stock at low price.
If they do, it is snapped up quick
" by those that are acquainted with
the handicap of the mine operator in
having to pay for the property out
Of the ground. If the purchase price
is not paid and the operation
dropped, all the stockholders will
ever learn is that their mine was
without ore up to expectations. They
will never know that they never had
a mine, unless they look it up per-
scnally.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-06
Heavy Expenses Cut
New Haven Surplus
June Returns Show Large
Decrease From Last
Year

Rising cost of operation was again
factor in the report of the New York,
New Haven e. Hartford Railroad for
the month of June. Against an In
crease of s323,727 in gross operating
revenues there was a falling of OF
s9ll,27O in operating income, the jump
in operating expenses and taxes being
s6S4,se7. A decrease Of s223,9ss IN
n-operating income was responsible
for further loss in surplus before fixed
charges amounting TO S535,269. The
final surplus for the month, sSoo,s2o'
compared with sS2S,9l6 for June, 1916.
OF the subsidiary companies the New
England Steamship Company was the
oniy one to show any gain in surplus
for the month. This increase, however,
was not due 80 much to an increase in
operating revenues as to drop In fxed
charges. The report of the New Haven
road for June compares in detail with
the corresponding month a year ago as
follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-06
Slim Chance
For Stockholders

While money is being paid in for
the stock in New York, on the
presumption the company actually
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-06

some nave prospects, WHICH are
little better than a claim, since it
means that at least one ten-foot hole
has been dug. But no one really has
a mine until the Eastern-gained
money has been secured and spent,
and frequently not then.
A Significant
Distinction
A property is not mine until it
ships ore. Not all properties that
ere shipping ore are mines. The dis
tinction is big and significant to a
mining man, but not the least elu-
sive to the general public.
Having a claim, every one is in
the market to sell that claim for a
margin of profit between the ex-
penses, very little, TO get it located
and the amount received.
Here is where the mining operator
comes in with his two-bit capital.
He submits a bond and lease for
the claim. That is, you guarantee
tc allow him to work the property
and take out of it what he can as he
rleases and you pledge yourself to
accept certain price for the prop
crty at the end of ~ certain period.
He agrees to pay you fixed royalty
on the smelter returns, this royalty
being applied to pay for the mine at
the price agreed upon.
Usually the bond and lease are for
two years. Sometimes they run for
five years.
It costs the mining operator moth
ing to get this bond and lease and
tie up the property for the period,
provided he does the amount of work
which he is required to do, if you
happen to be .shrewd enough to make
such provisions. Usually you do
not, for you are anxious to have
some one spend time and money dig
cling into and developing your prop
erty without a cent of cost to you.
If he winds up by paying the stipu-
lated price, you are winning with
cut risk. If he falls down on the
work you get your property back
with all the tools that remain on
the ground and have had some wori:
done in opening up the ground.
The man in the big Stetson and
with the horny hands, having the
bond and lease, proceeds to beg or
borrow enough money to reach the
East.
He is your mining operator" He
does his mining in Wall Street or
vicinity. Usually he falls into the
hands of one of the security ped
lcTS JneTe WHO Illdht al al diISc-
ment whereby they get most of the
money received for the sale of the
stock. The mining operator is glad
to get twenty-five cents on the dol
lar of stock sold, and he comes back
to Arizona elated. He has financed
his mine, the one he has not got, and
may never have. He has salary
; as manager, and the public holds the
sack for the gold pieces to tumble
into-which they seldom do.
, Now, the mining operator may be
honest. He takes the money sent
from the East and proceeds to sinh
shaft or drive tunnel.
Sometimes these shafts are sunk
, en- ore at the surface and the forma
ton is such that, after pocket OF
orc hundred yards is cleared out &
horse appears, or a. slide in the rocl
cuts off the vein and the need Of
considerable deadwork is apparent
That would not discourage a rea
mining operator. He pulls up anC
sinks elsewhere.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-06
Mining for Gold
In Wall Street Is
A Simple Process
To Begin, One Needs Only Rail
road Fare, a Mine Being
Unnecessary
Tucson, Ariz., July &c.

The man with the wide Stetson,
the hard, big hands and the leathery
face that announced himself as a
mine operator from Arizona seems
to have made a big impression in
New York during the last eight
months, in view of the number of
properties that have been financed
in Pima County by the credulous
East. Without rejecting upon the
integrity Of the man or his property,
it might be said without stretching
the truth that the financing here has
been a success because of the Sky
Blue law of Arizona and because, in
the last analysis, it would be hard
to put a pick in the ground here
without striking ore-of some kind.
Yet what a horny-handed mine
operator is in his native wilds, his
financial strength and his prospects
may be of interest.
One may be mine operator here
on four dollars and thirty cents and
capitalist on less. Or one may
have a mine with a million tons Of
ore and not wherewith to buy the
next frijoles.
The way to become a mining oper-
ator in Arizona is simple and direct.
In the first place, every one in
Arizona has at least one mine claim.
Some have prospects, which are a
little better than a claim, since it
means that at least one ten-foot hole
has been dug. But no one really has
a mine until the Eastern-gained
money has been secured and spent,
and frequently not then.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-06
'Dehcit

For the six months ended June 80
las. the New Haven reported total gross
of s41,l49,677. During that period OPP
Grating expenses jumped from s2s,295,-
sos to $30,S30,3s0. The surplus for the
first half of 1917 was 81 ,07l 1898, con-
trasted with S1,00s, ss7 for the first six
months Of 1915.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-08-06

Below is a summary showing the
June surplus Of the Central New Eng
land Railway and other companies sep
arately operated by the New Haven for
1917 and 1916:
The Hood River glacier. (Hood River, Or.) 1889-1933, 1917-03-29
A PACIFIST

Did you ever see cowardly dog?
He may weigh nearly as much as a
small OK, or look as fierce as those
animals seen in the visions of victims
of delirium tremens, if he let's another
dog filch his bone it is not long until
every cur in the neighborhood has
learned of the canine pacificism. Soon
the veriest puppy may be seen licking
the stuffing out of that dog. Of course
you may have seen just such dog.
Nearly everybody has. And did it
arouse any sense of pity in you to see
him getting licked? No. He wasn't an
underdog, too little or weak to defend
himself and as you considered his case
out of your contempt you wanted to
take kick at him yourself.
And really is any different picture
presented by nation of cowardly
people, great nation with lofty
ideals, nation that is big enough to
not only protect its own honor but that
can set an example for her fellow ma.
tions? But in this time of stress let's
thank Providence that this class of
individuals of the ultra pacifist type,
men whose views would place their
country in the class of whipped dogs,
is relatively small.
The pacifist should consider the case
of the big cowardly eur and realize
that his attitude, just as that of the
dog, invites aggression and bullying.
The Hood River glacier. (Hood River, Or.) 1889-1933, 1917-03-29
PATRIOTIC WEEK

This is patriotic week. Simultane.
ously last week members of our local
artillery company and Governor Witty
combe were giving thought to some
means of a patriotic expression. 81
believe that spirit Of patriotism moi
surpassed in fervor or intensity at any
time in our national history lives in
the hearts of this great state of Ore
gon which only awaits the call for ex'
preston. The local soldier boys, by
their initiative, have given us people
of Hood River an opportunity to ex
press materially our loyalty to oul
county and our stand behind the Presi'
dent. 1t is gratifying to see the inter
est Hood River people are taking.
Confronted with the necessity OF
taking action, the sacrifice of the blood
of our men if necessary, to protect
American rights and the principles OF
liberty and humanity for which the
Star Spangled Banner stands, true anC
loyal Americans are forgetting party
preiudices. Facing possible grave
sacrifices, the feelings of all of us, the
high and the low, those of the east anG
the west and of the north and the
south, are being purged clean of the
little thoughts of sectionalism or sell
interest. While the seditious bicker.
ing of few traitorous hyphenates and
the to-be-pitied walls of some mis-
guided pacifists are heard, the great
mass of American citizens are thinking
today in terms that are national.
The Hood River glacier. (Hood River, Or.) 1889-1933, 1917-03-29
IMPROVED RIVER SERVICE PROBABLE

According to Wallace r. Struble,
secretary of Columbia & Snake Rivers
Waterways Association, company of
eastern capitalists is planning on put
ting into commission 300 fast motor
boats that will revolutionize transport
alton on the great northwestern water
way. Mr.. Struble says the new boats
will run on railway schedules and will
offer every convenience given to pat.
rons by the modern railway systems.
Fast freight boats, too, are contem,
plated, grain boats and new elevators.
And of course these boats will helr
us move our great crops of apples ir
future years. Apples will be moved
by water to ports of the world. We
will have adequate dock facilities. Ac'
cording to Mr.. Struble, a portion Of
whose prospectus follows, things are
going to move some along the Colum.
bia river:
"The first distinctively railway
feature of the new system will be its
fleet plan Of operation. Enough boats
freight and passenger, will be provided
to accommodate the traffic. These
boats will operate in divisions, ant
crews will change at each division
point. Thus, every engineer or pilot
will operate exclusively on those
stretches of the rivers lying within his
division.
Boats will operate on schedule time
This will especially apply to passenger
service. Passenger boats will carry nc
freight and freight boats no passen
gers, except livestock boats, which, Of
course, will provide for muleteers ol
drovers. Through passenger boats will
make no stops between division points.
Local passenger boats will serve
all way points, will run in advance Of
through boats and assemble through
passengers at division points, where
they will be transferred to through
boats
The Hood River glacier. (Hood River, Or.) 1889-1933, 1917-03-29
SUPERLATIyELY SUSPICIOUS

Undoubtedly State Master Spence, of
the Oregon State Grange. is the most
Suspicious person within the shadow of
the Cascades. Mr.. Spence is opposed
to the proposed Sc, 200, 900 bond issue
for goodsroads. He is not content with
reciting possible tenable kreasons for
his opposition, but allows himself to
dream dreams. John d. Rockefeller's s
treasure chests are bursting with gold,
according to the grange master, and
he initiated the bond proposition, in
order that he might invest his money
profitably. Then the oil.magnate, he
says, will reap harvest of more gold
en- dollars from the sale of asphaltum
for road construction and gasoline to
The Hood River glacier. (Hood River, Or.) 1889-1933, 1917-03-29
SENTIMENT FOR
BONDING ACT GROWS

Interest in a campaign in aid of the
proposed Sc, 900, 600 road bonding act
continues to grow in Hood River coun-
ty. The Hood River County Good
Roads Association organized here two
weeks ago for the purpose of conduct
ing local countrywide campaign for
the measure now has a membership of
more than 200. c. N. Ravlin, secre-
tary of the organization and chairman
of its executive committee states that
house to house canvass is being made
and that the definite sentiment of all
citizens is being secured.
New members of the executive COM
mittee composed of representative citi-
zens from all communities, have been
named as follows: C. P. Johannsen,
formerly master of the County Pomona
Grange, first vice pres. E. F. Batten,
second vice pres. A. o. Adams and
Henry Meyer, of Cascade Locks; J. p.
Elliott, Of Wyeth; S. w. Curran, of
Viento; r. E. Collins and w. F. Shan
non, of Dee, and M. R. Noble, of
Frankton.
The Hood River glacier. (Hood River, Or.) 1889-1933, 1917-03-29
Annh Riurr Glartrr
Subscription. sI.So Per Year.

When subscribers desire change IN address
fhis office should be notified promptly, and a
week before II possible. Always give old sd.
dress as well as the new. Also, Hood River
subscribers should notify this office at once
when changing their address from one rural
route TO another, OF from city delivery 70
country delivery, or vice versa. IL you do not
get your paper promptly. notify us by mail OF
telephone and the matter will be investigated
Except IL pertain 10 live news matter. com
munica.ions, or articles of general nature
should be In the Office by Monday TO insure
their appearing In the issue ofthe current week