davidaulloa/AmericanStories huggingface dataset:
McNairy County independent. (Selmer, McNairy County, Tenn.) 1902-1969, 1917-03-02
To the Creditors of the Estate oil
J. [. Hubanks. Deceased

The insolvency of the estate of j. l.,
Hubanks, deceased, having been sug-
gested to the County Court Clerk of
McNairy County, Tennessee, all persons
having claims against said estate are
notified to appear and file same, anthem
ticated in the manner prescribed by
law, on or before the Oath day of May
next.
This the 18th day of February, 1917.
7. G.. HARRIS,
Admins ttrator
McNairy County independent. (Selmer, McNairy County, Tenn.) 1902-1969, 1917-03-02
Quarterly Meetings, Lexington
District, End Round
]. ". Freeman, PIE.

Enville Missions, Grove Springs,
Mar. II & Is.
Selmer Ct, Pleasant Grove, Mar,
"a & 25.
Evansville Ct, Price Cp., April Ii
& Is.
Bethel & Selmer, BetheI, April Is
& l6.
Adamsville Ct, Bethlehem, April
2S & 20.
Shiloh c., Lebanon, April 20 & 30.
McNairy County independent. (Selmer, McNairy County, Tenn.) 1902-1969, 1917-03-02
POETS CORNER
CONDUCTED BY BOB

No sooner had we noted an i'm
provement in the style of verse sub
mitted to US, than the grade fell be-
low par, and now it is so bum that we
are seriously thinking Of giving up
this job once fer all.
There is good poetical talent in MIC
Marry county, but like extracting
gold from sea water (there'a enough
gold in tie ocean to cover Tennessee
ten feet deep) it is hard to get it out.
We will try it one more week, and if
things don't come in better, out we
go,
McNairy County independent. (Selmer, McNairy County, Tenn.) 1902-1969, 1917-03-02
Obituary

On Sunday morning, Feb. Is, 1917,
the death angel visited the home of
Cordie Miller and claimed Cord as
his own. He was born Aug. /, 1894,
and departed this life Feb. Is, 1917,
McNairy County independent. (Selmer, McNairy County, Tenn.) 1902-1969, 1917-03-02
IIHHIV ., lily IHUy Q,
She lives up in Already, o."

Ohio papers ought to take it, but we
should think if you wanted to adver-
tise for husband, you would get in
touch with matrimonial paper. We
do not conduct a marriage bureau.
Everybody is married in Selmer that
wants to or is fit to be.
McNairy County independent. (Selmer, McNairy County, Tenn.) 1902-1969, 1917-03-02
have couple of good ones for Purdy,
and will use them before long.

Linnie Owe consider it bad taste
for you to compose verses about your
own charms. We print only the first
two lines to show what we mean:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04
F. |. Kent Appointed
To Supervise Foreign
Exchange Transactions

WASHINGTON. Dec. 3.-Frederick l..
Kent. vice-president Of the Bankers
Trust Company, of New York, has been
appointed by the Federal Reserve Board
TO have charge Of investigating, super
vising and authorizing foreign exchange
transactions. a duty recently delegated
to the board under the trading with
the enemy act.
In announcing Mr.. kents appoint
ment tonight Reserve Board state
ment explained he had severed rela-
tions with his bank TO take the place
lie will work in close cooperation with
Albert Strauss, Of New York, VINO ad-
vises the board on foreign exchange
questions and Who is serving the war
Trade Board in that capacity as rep
resentative Of the Treasury.
The Reserve Board is conducting ne
cotiations with several governments
which have trade balances against the
United States in an effort to adjust ex-
change rates by foreign investments IN
this country or other means TO avoid
gold expectation, which is permitted
only on license by the board. Acqulsl-
ton of a quantity of British Indian
1upee exchange for American importers,
announced yesterday, was one OF the
first definite accomplishments OF the
board along this line.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04

The stock market was an extreme
Is tame affair yesterday, with fur
Their contraction in the volume OF
activity and an irregular price
trend. Transactions fell to 26O,OoV
shares. Sentiment underwent little
change over the weekend. Hest
fancy was the predominating factor
during the entire session, and 1t was
Rain that the speculative following
was awaiting developments at Wash
ington in connection with the CON
vening of Congress. More partlcu-
Iarlv the Street was interested 10
learn what President Wilson wouid
have to say in his message to-day
Professional operations were con-
fucted in some of the motor issues
and industrial specialties, but the
list. as a whole, showed no dis
t.nctive tendency. The money stu
alton was hardly a factor in the
market, inasmuch as an abundance
CT funds was in supply on call, with
the rate dropping to 3% per cent,
compared with 6 per cent, the level
reached on Friday, when the money
committee stepped in and relieved
the tension.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04
Working Balance in
u. S. Treasury at
High Water Mark
PAYMENTS on Second Liberty
Loan About 70 Per
Cent Of Tota,

WASHINGTON, Dec. 3.-The work
ing balance in the Treasury was raised
to-day TO u new high record of S2,5l5'-
900, 900 By receipts of $6S5,OOO,OOO from
the latest issue Of certificates Of IN
debtedness due next June. and s42,OOO'-
600 from Liberty loan payments. The
previous high record was $l,96s,OoV'ooo
on November %.
Funds reaching the Treasury to-day
raised the total receipts during the
present fiscal year. or since july /, ~
the huge sum of 5,O0O,OOo. vi TINS
only S467 100000 came from the orGl-
nary sources of revenue, nearly All inc
balance being derived from inc sale
of Liberty bonds or certlhca'eS OF III
debtedness. ,.,.....
Receipts from the second Liberty
loan have been 1874, 100000, or about
"a nor cent of the S3,S0S, 100000 total
although only about 20 per cent was
due. and additional large receipts are
still reaching the Treasury daily. Inc
balance OF 81 1914, 100000 Is due IN two
navments Of 40 per cent each, Decem-
her IA and January IA. Nearly s5OO'oOO, =
OO0 of tho Liberty loan receipts since
November Is are believed to be IN GER
tificates. ,,
Disbursements since July / have been e1
s5,sO7 900. 900, of which Sl,S3l 'OoO,ooV
was ordinary government expense
mainly for the war; s2,279'OOC'OOo, &C; con
stituted actual payments to the Allies
on credits previously authorized, and
1856. 600 900 was for redemption OF
certifcates Of Indebtedness issued in
anticipation of receipts from the sec
oud Liberty loan.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04
British Insurance Companies
Issue Air Raid Policies

The air raids over England have re-
suited in the issuance by British in
surance companies of special accident
policies covering air raid risks. The
usual accident policies specifically ex-
clude risks of war, but during the lat
ter half of the present year d demand
has arisen for insurance covering per-
sonal injury resulting from air raids.
The companies have begun to issue
policies which, while varying in word
ing. are still quite comprehensive In
their scope. The following is an eX-
ample Of the risks assumed. -.
Against bodily injury resulting in death
or disablement caused within the United
Kingdom directly and Immediately by air
craft (hostile or otherwise). or. by shots.
shells. bombs or missiles from or used
against aircraft. or by falling glass. build
ings or building material. Immediately re-
sulting from aircraft attacks or anti-sir-
craft defence.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04

per cent bonds of the company soOV'- I
oOn was on deDosit with the Guaranty 4
Trust Company, and the rest IS IN cash
AZ various banks Mr.. Shonts SAID thst
tho money could not be distributed 70
Stockholders, because IL formed par'
of the company's capita. NJ.
W. I. Lincoln, president OF tee Hes.
Side Bank, introduced resolution ina
the directors Of the New YORK falI"Ays
Company be instructed TO eject olhceis
who do not hold similar positions IN 4
other corporations lin order that the
company may have management Pr
marily devoted TO its interests inns
resolution, however, was voted down
Vunicipal ownership and the COM
nanv's application for permission 70
cbaroe two cents for transfers were
discussed at the meeting. Mr.. Shonts
remarked that the incoming city ad-
,ninistration was elected on platform
containing municipal ownership
plank.
nrohlem will be settled satisfactorily 70
an concerned after the first Of January
should the city see iit 70 acquire street
railway lines" A.
a d. Juilliard was elected 70 the
hoard of directors TO succeed seward
Prosser, president Of the Bankers lrusI
Company.
Sears.Roebuck.- Sales for November
totalled sl9,872, 435, an increase Of 1873
per cent over the corresponding month
last year, and for the eleven months
ended November 80 total sales were
sI59 .4O3.851. a gain Of 1896 per cent
over the corresponding period a year
/ ago.
Chicago. Milwaukee & st. Paul.-Ah
increase of s459,311 in gross earnings
was shown by the October report the
total being s11,O34.55i. Net after taxes
amounted TO $2,349,459, a decrease OF
/ 81 1872 sos.
New York Railways.-Stockho!ders'
AZ the annual meeting Of the company
Yesterday asked what had become OF
the $4,000 which the reorganized
company had received in the settle,
mont Of the receivership OF the Ola
Metropolitan Street Railway.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04
Dividends Declared

American Wooden. REGULAR auartfy
dividends Of $i.25 on common and s.'s @
preferred. both payable January 10 To s''sA'
holders Of record December IL.
American Bank Note.--Regular quarefy
dividend Of ~ per cent on the prs'effe,t
stock. payable January 70 siocAnolasn -
record December 10.
Detroit & Mackinae Railroad.-kegsi.r
semi-annual dividend Of 2ig per cent on "
common and 2i2 per cent on the pre,erfel
both payable January % stoehhoide" "
record December 10.
Consolidated Gas. Electric Light q 80
Of BALTIMORE Regular quarterly disiaense
. per cent. payable January : 10 sieekno'o'
of record December 10.
Illinois Central Railroad Leased Linz
Regular semi-annual dividend Of : per esls
payable January . 20 stockholders OF rS'S
December II.
United Light & Railways. Regular e..
terly dividends OF ~ per cent on tne ~
ferred stock and l per cent on the eon"1
stock. payable January 10 stoeknoiasn y
record December 10.
Union Traction. Regular ssmi-anb'
dividend of per cent. payable JanuAT
20 stockholders Of record December ~
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04
Relevant Facts

Anaconda Copper Mining.-Noyem-
Der production OF copper totalled H.
666, 1892 pounds, compared with an out
put of 22,336,46O pounds in October
$500. 900 pounds in September, and H.
lis. 900 pounds in August. Production
in November, 1916, was 25,5OO,OOO
pounds.
November Corporate Financing
New financing in the month Of Noyem-
Der showed big slump compared with
the corresponding month a year ago,
the total amount involved being $780,
52O.4 400. a decline of $l59, 4l3,3OO from
November, 1916, according to a sum-
mary compiled by the journal of
Commerce" OF last months financing,
$40 500 500 was for the account of rail
roads. and SS0,Ol9, 500 for industrial
corporations. Total railroad financing
since the first of the current year in
VOWED a total expenditure of $5l7, 45l,-
500 against S75S606, 100 for the first
eleven months of 1916, and industrial
financing amounted to s970,9Sl, 500,
compared with sl,3l5,113,S00 in the
corresponding period last year.
New York Central.-Gross revenues
of the company for October amounted
TO S2O,745,16 an increase of $685.
476 over the corresponding month a
year ago. As in preceding reports, the
gain in gross was wiped out by heavier
operating expenses. although the 0c-
tober increase in this respect was not
SO unfavorable as has been shown in
former reports. Operating income to-
tailed 1862 .265, a falling off Of sl4.-
92s. The October surplus after all
charges was S3,606,464, a decrease OF
s27l ,909, brought about mainly through
a decline of Sl20,626 in other income
and an increase of sl36,S44 in fixed
charges.
Theodore p. Shonts, president of the
New York Railways Company. said
that s95O,OO0 had been used to pay of
a mortgage, s65O,OOO was used to pay
off note issue of the reorganization
committee. S780,000 was invested in the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04

October railroad earnings Of the
leading systems continue to show
large increases in gross revenues
more than offset by heavier operat-
ing. expenses. The New York Cen
trail s;stem, in its report for that
month. disclosed gross revenues OF
SS7. 503,O92, an increase OF more
than S5,OOOOO0, compared with the
corresponding month of 1916. Net,
after deductions for taxes, decreased
$500 900 owing to the large increase
in the expense account. New York
Central's net for the ten months
after payment of taxes showed a de-
crease Of nearly S20,000,OOO, com
Pared with year ago. The Chi
cago. Milwaukee & st. Paul made
even a poorer showing than the
Central, with an increase of $685.
312 in gross revenues for October
and a decrease of $1,222,000 in net
after tax charges. For the ten
months st. Paul's net income showed
decrease of $5,772,871, compared
with the corresponding period of
last year. Publication of these re-
ports contributed to the heavy tone
displayed by the majority Of railway
issues.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04

A Stock Exchange house has the
following TO say about the railroad
situations:
"The railroad position is promi-
nent in speculative considerations,
and it may have been getting entire
y too much attention. II may safe
" be assumed that the lines are to
receive practically the full amount
cf rate relief for which they have
importuned the Commerce Commits
sion. SO far, SO good. 1t is more
vital that there shall be return to
reasonable traffic conditions. Strong
roads have more business than they
want, as evidenced by the conges-
fion on the Pennsylvania and the
Baltimore e. Ohio, in the Pitts
burgh gateway and on the Wander
hilt system further north. Many
weaker roads must handle more.
I hey ought TO do so with a fair
profit, and the curtailment Of freight
tenders TO stronger roads will be n
codsend TO them. We recall the re-
mark Of a Pennsylvania man at
pittsburgh in October, that 'our
lines East would have made in Sep
TENDER 10 per cent more net profit
on 20 per cent less gross business.
When operating on the current high
wage basis. with the severe TestrS-
tons Of the Adamson Law, such
overtime as is necessitated by over
loe ding a strong road increases the
ton unit of its cost of conducting
transportation beyond the power of
the most efficient executive TO COM
rat it, for increased cost applies to
10th normal and excess traffic, since
labor shortage makes impossible
the provision Of extra train and en-
CINE crews. The weaker lines should
develop more efficiency, as the. may
easily do under a well directed allot-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04
Conference on
Price of Silver
Opens at Capital
Treasury Officials and Pro-
ducers Arranging for
Coinage Supply

WASHINGTON. Dec. 3.-Treasury Of
ficials to-day held the first of series
of conferences with Western silver pro-
ducers looking to the ultimate fixing OF
a standard price for silver. effective for
one year, and TO government acqulsl-
ton of options on practically the en-
tire output of the United States.
Pressing needs of this country and
the Allies for silver for coin under ao-
normal war conditions is responsible
for the plan. II contemplates govern
nent control Of the market for Amer
can silver at fixed price, probably
above the present market rate of 81
cents an ounce.
Jewellers, manufacturers OF dentistry
and optical supplies and other silver
users would continue TO receive sup
pl$ under the tentative government
plan, probably at the standard price.
Details. of the arrangement are yet 70
be worked out. however. and officials
to-day emphasized the statement that
for the present the government IS IN
terested mainly in obtaining suiilcient
silver at a fair price for its own ana
Allied coinage needs.
Great Britain and France, particu-
larry. need silver for coinage, and 1t IS
planned to distribute an equitable por-
ton OF the American output to them.
Raymond r. Baker, director OF the
Mint; Charles 5. Hamlin. member OF
the Federal Reserve Board, and Albert
Strauss, foreign exchange expert and
the Treasury representative on the
War Trade Board. represented the gov
ernmen in to-day's conference. In ad-
dition to the silver producers, most OF
whom were from Nevada, there were
present Senators Pittman, Smoct, Ash
hurst, Newlands and Shafroth and Gov
ernor Boyle Nevada. Producers
from other Western states will come
hera within "A week
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04
Exports for 10 Months
Exceed Five Billions
Large Gain Reported in Ship
ments for October

WASHINGTON, Dec. 3.-American
exports made great gain in October
reaching q total value of s542,OOO,OOO.
This is an increase Of ss6,OO0.000 over
September, according to statement
made public to-day by the Bureau OF
Foreign and Domestic Commerce OF the
Department of Commerce. The eX-
ports for the ten months ended with
October Of this year amounted 20 So
149,000,000, as against S4,445,OOO'oVV
for the corresponding period last year.
October imports are placed at SZ2l'-
coo 900. a falling off Of S15,OOO,OOO
compared with September. For the ter
month period ended with October the
imports into the United States were
valued at s2.504, 900, 900, as compared
with s2O10.O00,000 for the first ten
months of 1916. Seventy-siX per cert
OF the October imports entered free OF
duty.
Gold imports in October amounted
70 only $4,000 900. while exports to-
tailed S11 900 900. For the ten months
ended with October gold imports
amounted to 100000, against
$3.50, 100000 for a similar period IN
1915. Exports OF gold, on the other
hand. were valued at s360.00O,OOO, as
compared with SlO1.000,OO0 for the first
ten months Of 1916.
Silver imports amounted to $1,000
900 in October and to s3s,0OO.OOO for
the ten months ended with that month.
while the exports of silver were valued
at $1,000, 900 for the single month and
at S69,O0O,000 for the ten-mon,h
period.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04
Money and Credit

Call money was in more liberal sup
NV at the stock Exchange yesterday
the rate falling TO per cent compared
with on Friday. A few loans were
made at 80 per cent.
Improvement in the cash position oil
the local banks as disclosed in last
weeks bank statement brought no re-
sponse in the market for fixed date
funds. rates holding firm yesterday
business was mostly confined to a lew
renewals for sixty and ninety days ana
four months at 5% per cent against
industrial securities. In many cases
banks would not renew maturing loans
II sisting that borrowers transfer the'r
commitments to the call loan depart
nent.
Ruling rates for money yesterday
COMPARED with a year ago, were as FOL
wv Yesterday. Year ago.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04
Scandinavians Buy
Heavily in u. S.

Exports from the United States to
the Scandinavian countries since the
beginning Of the war, according to a
compilation by the National City
Bank, have averaged about four times
as much per annum as in the years
Immediately preceding the war, though
on the import side there is compare
lively little change.
The average expectation to Den
mark. Norway and Sweden in the years
Immediately preceding the war aggre-
gated something less than S4O,OOO.OOO;
in the fiscal year 1915 (the first year
of the war; they totalled sl97, 1000;
in 1916 S169 100000 and in 1917 1884,
100000.
Exports to Denmark in 1914 were
si5.670,OO0t they increased 20 S79.-
$4,000 in 1915; S55,872,000 in 1916
and s56, 729, 900 in 1917. Exports TO
Norway jumped from s9,064,00O to
s39 .O75, 900 in 1915, S53 $4,000 in 1916
and s2,Ol7 900 in 1917. The increase
to Sweden was from Sl4,64i,OOO in
1915 to S7S,274,OOO in 1915. S5l 100000
in 1916 and $45,ll6,0O0 in 1917. These
increases occurred chiefly in food
stufrs. copper, cotton and manufact-
ures.
The share which the United States
supplied of the imports Of these coun-
tries was in the year before the war:
Denmark, 10 per cent; Norway, 10
per cent, and Sweden, IL per cent. In
1915 we supplied approximately 20 per
cent of the imports of Norway and
about 10 per cent of those of Sweden,
though for Denmark no figures are
available; nor are there figures for
the year 1916.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04

Pressure against a number OF the
investment issues attracted atten-
ton. Shares of the Pullman Com
ranv in a decline Of 4 points to
rev low record of 115 furnished
evidence of investment selling. The
same was true in the case of Penn
svlvania Railroad shares, which lost
q point at 40, the latter being the
lowest price at which this issue has
sold in more than quarter cen
tary. Commission house selling, re-
fecting apparently the sale of long
stock, supplied a good proportion OF
the offerings. Such liquidation as Is
row taking place In the market Is,
however, trifing, compared with the
selling which broke prices so Sc
verely a month ago. This slacken-
ing of the outpouring of invest
ment offerings is one Of the best
features of the present market, In
dicating as it does that the hysteria
Of a few weeks ago has given way
10 a calmer view by security holders
generally. The opinion is expressed
IN many Wall Street quarters that
not much more than a trading mar
let can be looked for at the present
time in view of the fresh uncertain
ties that have arisen.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04
New York
Mortality. -

Business Mortality. - Commercial
failures in the United States for the
year to date disclose a numerical re-
duction of 10 per cent and contrac-
ton of per cent in amount from the
relatively light mortality of 1916. As
reported to X. G.. Dun & Co, the No
vember defaults, 9Sl, are the smallest
in number, excepting the 1863 reyerses
Of September this year, of any month
back to September, 1911, and fall be-
low those of November Of all years
since 1909. Comparing with last year,
there appears decrease Of 27O, or
more than 20 per cent, and from the
high point for the period, 1915 in
solyencies in November. 1914, there is
a similar difference of S34 failures,
or fully 40 per cent. Moreover, last
months liabilities of s13,635, sos, while
larger than in October, September and
May and April of this year, are less
than in any November back TO 1910,
though the improvement over the
figures of a year ago is only about
$500 600. But when comparison is
made with November, 1914, a decline
Of nearly so per cent Is shown.
Cotton Exchange Membership Sold
The New York Cotton Exchange mem
bership of K. E. Lewis has been pur-
chased by c. J. Sorrells for sl2,750, an
increase of $3.50 over the previous sale
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-04
The Dollar in Foreign Exchange

Exchange on Switzerland rose yes
terday to a new high record for the
war period, 1.29 francs TO the dollar.
Substantial buying Of Swiss francs was
reported on movement.
Italian lire displayed q. better tone,
with lire selling at 500 to the dollar,
compared with previous rate Of $40
scandinavian exchange was easier. Rus
sian rubles held firm.
Closing rates yesterday, compared
with week ago, are given in the table
below. American bankers have sus-
nended all dealings in German and
Austrian exchange, so that daily quota
tions for either marks or kronen are
no longer available.
tn the pound