davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-17
s3,000,oOO Notes Retired

Since the retirement Of an issue OF
s3,OOO,O 900 notes about a year ago the
company has been forced to finance
itself through bank loans. The COL
lateral for these loans in many in
stances has been goods stored in the
company's warehouses. Now that de-
livery is held up because the railroads
will accept only stated commodities for
transportation, the banks have felt it
necessary to take drastic measures to
protect their loans.
Only recently the British govern
ment exercised an option on a powder
contract with the company amounting
TO 100000. Total untitled orders on
the books of the concern at the be-
ginning Of 1916 were valued at $780,
100000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-17
A "War Bride" Company

The company was formed in Novem-
Der, 1914, and in 1915 obtained con-
tracts to manufacture military explo-
sives. This business entailed large eX-
penditures for the building of num-
Der of new plants. In January, 1916
owing to delays in the completion Of
these plants and Unexpectedly heavy
cost of building material, it was pro-
posed to raise through the sale of com
mon stock $8,400,000, to meet $4,000
600 notes which were shortly to ma
ture and furnish working capital. The
certificate of incorporation was accord
ingly amended, so that there are now
$50 900 shares of common stock, with
no par clue. Of these 10000 shares
were distributed to the old common
stock holders in place of the 10000
shares (par 5000 which they held. The
remaining 100000 shares were offered
al $50 a share, of which half had to be
taken by the underwriters.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-17
Other Cities

Public Utilities Deal Closed.-St'
John. n. B., Feb. l6.-Thc sale OF the
St. John Railway Company's property
including its streetcar system, Lighting
power and gas plants, to the New
Brunswick Investment Company for
81 100000 was announced to-day. Inc
purchaser is a holding corporation Tor
the New Brunswick Power Company,
and is interested in the development OF
waterpower sites near here.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-17

To the last loan, those whose sub
scriptions were above $4,000 marks
contributed 1921 100000 marks, or
IS per cent of the total, against a.
7Is.O00,0OO, or 40 per cent, contrib
uted by the same classes to the pre-
ceding issue. Obviously the problem
o. financing the war is becoming
m.re difficult in spite Of the ire
mendous monetary imitation.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-17

The above rates express the cost OF
foreign money in terms of the Ameri-
can dollar You buy an English pound
sterling for s4.75b; the intrinsic par
ity is ;4S69s per pound. Thus, you
say either that pounds are at dis.
count or that dollars are at a 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 10
settle accounts in England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-17
The Dollar in Foreign Exchange

A recovery of 215 points in Italian
lire, which closed yesterday at the rate
of 7.241z to the dollar, was the princi-
pal feature Of dull day in foreign ex-
change. Sterling and franc bills werc
firmly maintained. Marks were fairly
strong.
Closing rates yesterday, compared
with a week ago, were as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-17
Friday. February f6, 1917.

The United States government
Probably could borrow s5OO,OOO,OOO
without difficulty at 8 per cent or
whereabouts. But in case of war half
billion dollars would not go very
far, and it is likely that further
leans would have to be made on
tasis more attractive to the investor,
unless patriotism should prove to be
more potent factor in financial OPP
erations than is generally believed to
be- the case. Federal bonds would
have to compete with high grade Sc
curities yielding much more and as
safe as any reasonable investor
could ask.
At any rate, our entry into the
war would be reasonably sure to re-
suit in higher money rates before
long. Foreign governments seeking
funds in this market have supplied
gold in quantities far more than SUI
fcient to serve as the basis for the
credits required, and in consequence
the loaning power of American
hanks has increased enormously IN
spite of the magnitude of our loans
abroad. Borrowing operations OF
this government, however, naturally
would not be accompanied by addl-
tons to the gold supply and expan-
sion of free credit. Instead, they
would absorb a large part of the
available credit supply. And II we
should become a partner OF the
Allies in the struggle against Ger
r,any the way to further foreign
borrowings here in large amounts
would probably be made more easy.
It is perhaps in anticipation Of
these conditions, as much as because
cf the tendency to await further de-
velopments in the international sit
uation, that money rates for
the longer maturities have become
frrer in the last few days in the
face of Stock Exchange trading Of
almost inconsiderable volume.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-17

Pennsylvania Railroad. Vice-presi-
dent schoycr says that he expects the
company's new line into indianapolis
TO be finished next fall. The new line,
a cutoff between Indianapolis and
Frankfort, Ind, will be about forty
seven miles long and give the Pennsyl-
vania lie first entrance into Tndianapo.
Ii, over its own tracks from Chicago.
II has heretofore used the Lake Erie
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-17

Copper Range.-For 1916 the COM
pany's net income was S6,07S,lss,
equivalent to s15.40 a share, compared
with s3,564,762, or 1927 a share in
1916. After the payment of SO a
share in dividends the company car
ried s2,136,541 TO surplus. Costs dur
ing the year averaged $50 cents a
pound, an increase of "a cents over
1915. The higher costs last year were
due to the greatly increased labor
costs and to larger expenditures for
construction.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-17
Money and Credit

Call money at the New York Stock
Exchange ruled yesterday at 2h per
cent, with a high rate for the day of
2h per cent. The turnover was COM
paratively small for an end of the week
session, due to the stagnation in the
stock market
The situation in the market for time
funds on brokers' Stock Exchange col
lateral was unaltered. Trading was
dull and rates showed no material
change. What little borrowing is being
done is in six months maturities.
Mixed money continues to be quoted at
4 per cent for sixty and ninety days 4
to AZ per cent for four, five and six
months. Industrial money is quoted at
az to Az per cent for all periods.
Ruling rates on money yesterday,
compared with a year ago, were as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-17

Germany is preparing for another
war loan, which it is expected will
be announced in March. 1t is likely
20 meet with less success than those
which preceded it, for the returns of
The last loan indicate that the leu
tonic Empire is rapidly becoming
financially weaker. The total sub
scription to the fifth war loan was not
so very much smaller, being 1862
100000 marks, against 10,712,OOO,-
coo, according to the "Kolnische
Zeitung," but, what is much more
significant, the number of sub
scribers fell by ,469, 500 to 3,SO9,97C.
The reduction was wholly in the
ranks of the smaller subscribers, as
viii appear from this table, which
gives the percentage of change in
each class Of subscription, compared
with the fourth loan:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-17

from the interior s9,OOO,OOO ahC
shipped to the interior SlO'OOo'ooo'
Gold imports actually paid for at TIE
ASSAY Office on the movement from
Canada amounted to s11,oO0,OOO. Cola
exports aggregated sS,125,oOO, of when
81. 500, 900 was taken for Japan, sl'oSo'-
600 for South America and $4,000 for
Snain
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-17
Federal Reserve Bank Amendments

Federal Reserve Bank Amendments
Washington, Feb. 16.-Federal Reserve
banks would be able to increase their
gold holdings about s200,000,O0O by an
amendment to the Federal Reserve law
which the Senate Banking Committee
reported favorably to-day with others
suggested by the Federal Reserve
Board.
The amendment would modify the
existing requirements Of law for col
lateral against Federal Reserve notes
of 100 per cent commercial paper and
40 per cent gold so that such notes
might be issued against 100 per cent
gold also.
"The amendment" says the commit
tee report, twill permit Federal Re-
serve banks to receive gold coin and
gold certificates in exchange for Fed
eral Reserve notes, which is now done
by indirection. 1t is Of great impor-
lance to the Federal Reserve system to
attract to the Federal Reserve banks
a large amount of gold which now
serves no very useful purpose in the
pockets of the people or as till money
in the member banks.
"The adoption of this proposal would
result in causing the gravitation into
Federal Reserve banks of probably
5000, 600, 900 of gold. 1t would have the
effect of magnifying the power of the
banks and strengthening public con-
fidence in the Federal Reserve system
Another amendment would reduce
the percentage of reserves to be held
by member banks with their reserve
bank-in country banks instead of
~ per cent of demand deposits and 8
instead of per cent of its time de-
posits in a reserve city 10 instead Of
10 of demand and instead Of on
time deposits, and in a central re-
serve city Is instead of Is against de-
mand and instead Of against time
deposits.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-17

Below is given the current exchange
value of foreign money in dollars and
cents, together with the intrinsic gold
rarity, as calculated by the Unitec
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-17

Gold MOyements.-Golo TO the
amount Of 100000 was Withdrawn from
the Sub.Treasury yesterday for ship
ment 10 Argentina Exchange between
the United States and Argentina
strongly fayors the latter.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-17
Traffic Congestion
Reacts on Business
Conservatism Urged in Buying
for Future Requirements

Trade conditions are discussed 81
Dun's Review as follows:
Restraints on business are intensife
and the industries seriously hampered a.
time when unchecked operations are es.s,'
tial 70 meet pressing requirements. ~
duction in many instances Is halted ny "
transportation congestion, which Is sgyrt
waited by storms and low Temperatures, az
the delayed freight movements seeentasN
the paucity OF supplies and iurss
strengthen prices Of some raw ms<nsS
and products. With deliveries more y
certain and government wants becoming
factor. some buyers who previously p
on are now anxious 10 place contracts y.
the future, though many manuiaet9'''
are not disposed 20 enter into forward p
gotiations under present conditions az
distributing interests advise eau'ioa
purchasing.
Bradstreet's says:
II Is in the matter Of fsr-tutore ~
and in industrial operations that re'sIg
ing or disorganiring effects are mos' y.
dent, and here the dominant note o y
CARDS future buying is one OF eonse'
tlsm, pending q clearer view OF tne
come OF international unsettlemsn' u.
the possible ELECT on prices " the HV''''
should result ia war.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-17
Yesterday. Year ago.
money. 214po 134%o
Commercial Paper.-with most {

COMMERCIAL Paper.-Wlth most OF
the city banks out of the market, trad
ing in commercial paper is at low ebb.
Prime regular maturities continue to
move in nominal amounts at AZ to Az
per cent.
Official rates Of discount of each of
the twelve Federal districts are as fol
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-17

Bank Exchanges.-With fewer ousl-
ness days and diminished speculation
il. securities, bank clearings fell below
recent totals in the last week, Though
still showing gains in comparison with
the two years Immediately preceding.
The aggregate at leading centres this
week, $4,145,947,7O1, as reported by R..
G. Dun e. Co., represents an expansion
of 5.4 per cent over the corresponding
week of 1916 and an increase of SO per
cent over 1915.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-17

Weeks Money Currents. Reported
movements Of currency this week ind
cate gain in cash by the local banks
Oh about 100000 They received
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-17

Northern Central Railway.-The an
nual report for the fiscal year ended
December 81, 1916, covering the second
full year under the lease to the Penn
sylvania Railroad, which became ef-
fective June 80, 1914, shows net income
of s2,168,177, an increase of sl,sO9 over
1QIb-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-17

& Western tracks from Kokomo. All
freight and passenger trains between
Chicago and Louisville as we'll as TO
indianapolis will use the new lines.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-17
Corporation Returns

Public Service Company Of Northern llli-
nois. -Report for the year ended December
81, 1916, compares as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-17
Henry CIews & Co.

II. 10. is. II and 10 BROAD ST.
MEMBERS n. Y. STOCK EXCHANGE
Stocks, Bonds aud Investment Sseuita
bought and sold on commission. Also earns.
on conservative terms. Deposit Accounts II,
:eived subject to eheck at sight
Interest paid on daily balance.
BRANCH OFFICES
527 Fifth Ave. s63 Third Ave-
ll22 Broadway s6 Warren s.
IS Union Square is Court ST.. Bkyt
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-17

Chile Copper. - January output Of
the Chile Exploration Company
amounted 20 7,756,000 pounds, COM
rared with 3,636,OOO pounds in Deem
b,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-17

Bank Clearings.-The days clearings
at New York and other cities:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-17

Sub-Treasury. - New York banks
gained from Sub-Treasury s7,6OO,OO0.
Silver. Bars IN London, 1914 pence;
New York, 1873 cents; Mexican dollars,
81 cents.
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1917-09-11
A QUEER PAPER.
New York TimeS.)

New York Times.)
Eliezer Ben Jehuda, editor of the
Haro, a newspaper published in Je-
rusalem, arrived here on the new
Greek steamship Vasilefs CONSTANT
nos from Patras. Ship news men who
welcomed him at the pier were beset
by mingled emotions when they
learned that the Haro has four edi-
tions year and no extras. The Haor
means in English the Light. Mr..
Jehuda had come to New York on a
rush assignment and he was gravely
concerned lest he would not get his
story in for the October edition. 1t
was learned that there are no vacan-
cies on the editorial, repertorial or
business staff of the Haro.
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1917-09-11
- "a II "A -
CATARRH CANNOT BE CURED

With LOCAL APPLICATIONS, as
they cannot reach the seat of the
disease. Catarrh is local disease,
greatly Influenced by constitutional
conditions, and in order to cure it
you must take an internal remedy.
Halls Catarrh Medicine is taken
internally and acts through the blood
on the mucous surfaces of the sys-
tenn. Halls Catarrh Medicine was
prescribed by one of the best physi-
clans in this country for years. 1t is
composed of some of the best tonics
known, combined with some of the
best blood purifiers. The perfect
combination of the ingredients in
Halls Catarrh Medicine is what pro-
duces such wonderful results in
catarrhal conditions. Send for testi-
monials, free.
F. J. CHENEY & CO., Toledo, o.
Sold by Druggists, 75c.
Halls Family Pills for constipa-
ton.
(sept-adv)
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1917-09-11
Many Paris People in Poor Health
Without Knowing the Cause.

There are scores of people who
drag out miserable existence with
out realizing the cause of their suffer-
ing. Day after day they are racked
with backache and headache; suffer
from nervousness, dizziness, weak
ness. langcur and depression. Per-
haps the kidneys have fallen behind
in their work of fiitering the blood
and that may be the root OF the
trouble. Look to your kidneys, as
sist them in their work-give them
the help they need. You can use no
more highly recommended remedy
than Doan's Kidney Pills-endorsed
by people all over the country and
by your neighbors in Paris.
VIM. w. Dudley, 1923 Cypress ST.,
Paris. saws: Some years ago, l
found it necessary to use a kidney
remedy and as I had read about DO
ans Kidney Pills, used them. Ihey
proved to be satisfactory and perma-
nelly rid me of kidney complaint.
I have good reason to recommend
Doan's Kidney Pills and advise their
use to anyone troubled with weak
or lame back or irregular passages OIL
the kidney secretions."
Price 6Oc, at all dealers. Don
simply ask for kidney remedy-get
Doan's Kidney Pills-the same that
Mr.. Dudley had. Foster-Milburn
Co., Props, Buffalo, N. Y. (adV)
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1917-09-11
"0LD HICKORY'S' PIPE OWNED
BY MISSISSIPPIAN.

R. d. Harris, of Meridian, Miss,
owns what is believed to be the pipe
that Gen. Andrew Jackson presented
to an Indian chief at Charlottesville,
on his march to New Orleans. The
pipe was found in an Indian mound
at Hickory, among the bones and ef-
fects of the Indians and was buried a
number of years ago, says the Knox
Vile Sentinel.
Mr.. Harris lives at Hickory and
says that he has remembrance of the
Indian who piloted General Jackson
through to Louisiana, having seen the
Indian, who was an old man in his
(HarrisO early boyhood.
| The pipe is of pure meerschaun,
and as there were no white people in
that section at the time, only Indians,
the pipe is undoubtedly the one which
Gen. Jackson smoked peace to the In
dams and secured their help in pilot
ing him to New Orleans to fight the
British in 1912. The bowl of the pipe
is of rough finish and is identical
with the pipe smoked in the days
when Mississippi was the hunting
ground of Red Men only. The In
dian who owned the pipe died sixty
years ago, according to Mr.. Harris,
and was buried in one of the mounds
near Hickory.
Natives in that section years ago,
following the report that the United
States Government had given an In
dian chief $4,000 for his services in
aiding Gen. Jackson, searched the
whole section with divining rods in
an effort to find the treasure, which,
so far as is known, has never been
located.
/ Mr.. Harris, who exhibited the pipe
recently, said that the town of Hick-
DRY was named for Gen. Jackson, who
was called "Old Hickory" He also
declares that the Jackson Military
Highway passed right through his
farm, as he has from boyhood known
it as the Jackson road. In further
evidence of his claim he says that
there is still evidence of the bridge
which Gen. Jackson built to carry his
troops and wagons over the river.
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1917-09-11

The latest trench weapon is based
on the principle that the rifle in
trench warfare is little more than a
handle for a bayonet. For rif1e-hre
at any considerable range, the ma
chine gun gas largely supplanted the
rifle. For the hand-to-hand
fighting that goes on when trench
is assaulted, the automatic pistol and
the bayonet are the most effective
weapons. So this latest invention
combines the two, in the shape OF a
tool which carries bayonet on one
end and an automatic pistol on the
other. The handle of the instrument
carries five extra clips of pistol car
tridges. Thirty-six high-power PTS
toll bullets can be discharged in half
as many seconds, and the soldier can
then use the bayonet.
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1917-09-11
HOW THE ANTI-TUBERCULOSIS
ARMIES ARE SWELLING.

The interest that the National As
ISOLATION for the Study and Proven
ton of tuberculosis and it's 1900
affiliated State and local organiza-
tions have aroused in the fight
against humanity's most instiate and
inveterate enemy, is shown in the
fact that during their last sessions,
38 or As, legislatures enacted anti
tuberculosis laws and IA passed
laws relating to county tuberculo-
sis hospitals. Only seven States and
territories failed to take action.
Since it has been demonstrated that
consumption can be arrested and
often cured many people are awaken
ing to the Importance of combating
the disease by every means suggest
ed and are using their power to force
the legislation necessary and joining
the vigorous propaganda instituted
by anti-tuberculosis organizations.
1t is only those who do not realize
this Importance or are ignorant of
what can be done for suffering hui
manity, who are failing to join the
army which has enlisted for the war
and victory over the plague. 1t is to
spread the glad tidings that consump-
ton may be prevented and often cur
ed by the observance of simple rules
of treatment laid down by the doctors
who have made life study of the
disease, that the State tuberculosis
Commission is bending it's every eff
fort in every means of publicity.
Literature treating Of every phase Of
the disease and the method to prevent
and cure it has been prepared under
it's direction, which DR.. w. L. Heller,
its secretary, with Office at Frankfort,
will send free to any applicant.
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1917-09-11
SUCCESSFUL MEMORY TREAT.
MENT.
youths CompaniOn.)

youths Companion.)
The late Horace Hutton used to say
that having to take little trouble
would impress a fact on anyOne's
memory so that he would never be
able to forget it. In illustration he
would tell this story:
"Our waitress, Maggie, could never
remember ia put salt on the table,
and time after time Mrs. Hutton
would remind her to do it. One morn
ing it was absent as usual, and / said,
Maggie, where is the stepladder?'
Its in the pantry, sir?'
"'Please bring it in, Maggie l
said kindly.
Maggie brought it in with a look
of wonderment on her face.
"'Put it right beside the table, J
commanded, and when she had done
so 1 added, Now, I want you to
climb up to the top of it, look over
the table and see if there is any salt
there
maggie never forgot the salt
again.
The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1917-09-11
YOUR UNCLE SAMUEL NOW THE
WORLD FINANCIER.
(Honolulu Star-sulletin.)

\hOuOlulu SCdr-0ulieLlu.)
Attention is drawn by a Honolulu
banker to the small size of the half
billion dollar loan compared to the
national wealth of the United States,
bank deposits or value of farm prod
ucts. Indeed, the richest country in
the world can lend half billion dol
lars without more than a ripple in
financial circles. Since the war start
ed, not only has the United States
steered easily clear of financial pan
ic, but has wiped out the floating
debt of $3.50, 100000 due Europe on
January 1, and absorbed between
$750,000,000 and 100000, 900 of
American securities. which up to a
few months ago were held abroad, but
which were hurriedly resold to raise
war funds.
The Controller of the Treasury es-
Inmates that the income of the peo-
pie of the United States available for
investment amounts to $5,0O0,000,-
600 year. This is all in excess of
the income devoted to living expen-
ses, and the people of the United
States are VIGOROUSLY living on a
scale which could probably be cut in
half in the case of several million
people.
These figures indicate the compare
tive affluence of this country at a
time when the Allies are borrowing
abroad and the Teutons are Giving
on their expenses" as one banker
put it. The conclusion is that after
the war the United States must
finance the world to replace the ire
mendous amount of material wealth
which has been destroyed.