davidaulloa/AmericanStories huggingface dataset:
Daily capital journal. (Salem, Oregon) 1903-1919, 1917-06-13

! continued: Charles Boegershausen, OF
Gervais; John Asmudson House, Frank
Klampe and Bernhard Bittler, Of Mt
Angel. The following received their
final papers and are now American
citizens: Rosario Parise, of Gervais;
Freeman Stephen Hunter, of Silverton
Hilma Eleanora Ahlgren, of Waconda
John Richards, of Mill City, and James
Hanlon, of Woodburn.
Members of the Salem class of candi-
dates for the officers reserve corps who
took the examination for admission to
the first training camp at the Presidio
are receiving their application papers
back, with the notification that formal
application blanks for this second camp
will be sent them as soon as they arrive
at the headquarters of the western de-
partment at San Francisco. New APP
plication must be made, according to a
ruling Of the war department. Men
who are above the age of conscription
will be preferred at this camp and those
within the prescribed age will have diff
ficulty in gaining admittance unless
they possess unusual military qualifica-
tions.
Although the exercises this evening in
flag and flag staff to the city by the
local Elk lodge do not begin until s
o clock, the chances are that long be-
fore that hour thousands of people will
be massed around the band stand and
between the stand and fountain where
the flag pole is to be erected. The
program for the exercises is one of
great interest. Mayor Walter E. Keyes,
exalted ruler of the Salem Elks, will
preside and be in charge of the ritual
istic work. The Elks, fraternal organ
izations and patriotic also will meet at
the Elk lodge and line up for the march
to the park. The Cherrians will meet in
uniform and march from the armory.
Kieth M. Harris, of this city, enlisted
in the hospital corps of the navy and
left this morning for Portland. Moving
pictures of Life in the Navy in Times
of War and Peace will be shown at
the Oregon theatre July and 7. This
1000 foot reel is owned by the war
department and is being shown at pres
ent on the Pacific coast. They are in
charge of man from the navy who
will tell the story during the running
of the film. A few days later people
in Salem will have chance to see real
navy torpedo In its educational cam
paign as to the work OF the navy, this
department is showing in the west tor
pedo in order that the landsman may
have some idea as to its actual size.
Saturday at 10 clock in the morning
is the final hour for the filing of the
petitions of those who wish to become
for school director for the
election to be held next Monday. The
ballots will be printed Saturday ready
for the election booths Monday morn
ing. The voting places are those gen
orally used for city elections and are
as follows: First ward, Garfield school;
Second ward, City Hall; Third ward, !
office of VIM. Brown & Co., on South /
street; Fourth ward, sales
room of Halvorsen & Burns, Trade and
High streets; Fifth ward, Grant school; |
Sixth ward, Gliding Is hall on East Cen
ter street; Seventh ward, Lincoln
school. Candidates already announced
are E. T. Barnes, of the Barnes store;
Walter G. ,Winslow, the well known at
torney, and Sam A. Hughes, brick con
tractor
Daily capital journal. (Salem, Oregon) 1903-1919, 1917-06-13

+. S. Gaanstt. who for the past two
years has been principal Of the Wash
Daily capital journal. (Salem, Oregon) 1903-1919, 1917-06-13

Frederick s. Lamport, attorney at
law, has moved to 4l1-l2 U. S. Natl
Bank Bldg. I'll
Daily capital journal. (Salem, Oregon) 1903-1919, 1917-06-13

For rent or sale--seven room house
in fine location. Telephone 904M. 6-14
Daily capital journal. (Salem, Oregon) 1903-1919, 1917-06-13

Just received, fine Shipment of Ling
Cod and Haibut from Newport, Cod
10c, Halibut 15c. Fine Chinook Salmon
zoe. Fits Market. Phone 21l.
Daily capital journal. (Salem, Oregon) 1903-1919, 1917-06-13
BORN

4 X X X x x X 4 x x X x X
X BORN
Daily capital journal. (Salem, Oregon) 1903-1919, 1917-06-13

This is adoption day Tor a number Of
aliens in that they receive their final
papers as citizens of the United States.
Several aliens who were to have re
ee;yed their full papers today have ha
their cases continued until the end OF
the war on account Of being alien en-
emies The following cases have been
Daily capital journal. (Salem, Oregon) 1903-1919, 1917-06-13

An enthusiastic student body Of va
lamette university met Miss Margaret
Garrison and Mrs Helen Miller Sem
upon their arrival in the city Tuesday
evening at s o'eloek upon their return
from Los Angeles, where Miss Garrison
won the interstate oratorieai contest.
Not only was the student body az the
depot to give Miss Garrison VILLAIN
cite welcome, but the faculty as weh'
From the depot Miss Garrison and MIs.
Sem were taken in an appropriately
decorated automobile TO the university
where she received the personal eongra,
tulations of the faculty, friends ano
student body. With an orator 10 oe
chosen in 1918, Miss Garrison Will com
pete for national honors sometime aer'
ing the summer Of 1918, probably at
Washington city.
Daily capital journal. (Salem, Oregon) 1903-1919, 1917-06-13

Ladies visiting Portland during Rose
Carnical should not fail to call on Nine.
Wampler, maker of gowns, for latest
fashions, 3O5 Fleedner Bldg, Broadway
1886. 4e GIG
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
Active Securities
Stocks

wal Street, May -.
At their lowest levels st. Paul, Pa
cites. coalers and shares Of some OF
the Eastern lines registered losses OF
to . points. with slight recovery IN
the later dealings. Among fractions
PETERBOROUGH preferred made an eN-
IRENE decline of 47s points to bis
Brookn Transit fell 2i2 to 56 and
Third Avenue Ia to III, the ADJUST
ment bonds of the latter company
breaking points to SO, new mini
mum.
depression in the local issues was
intensified b. overnight statements Oh
operating officials, in which attention
was directed to the disadvantages un,
der which those corporations are no"
laboring. especially the greater cost OF
labor and materials.
United States Steel and kindred IN,
dustrials were adversely affected
| to , points, munitions and equip
ments making like reversals. In par
these losses were retrieved toward the
close. Shippings also were under moo
crate pressure Win hiObNAo 49,
of the inactive specialties. Sears-Koe,
buck lost 3i2 points and Genera
Chemical Is points at 2O5 on a single
sale.
Industrial Alcohol was the out
standing feature on its net rise OF 2?s
points to 1855. the stock being II,
process of steady accumulation ana
ranking second in activity to Onitec
States Steel. Affiliated stocks, IKE
Distillers' Securities and American
Mailing preferred; were p Stoei s 10
Sheffield Steel and Crucible Steel pre-
ferred were included among the other
firm to strong specialtles.
In the bond division international
issues were unchanged, but domestic
rails and utilities were variably. lower;
United States bonds were unchanged
on call.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16

Calls Conference Of
Securities Holders

s. Davies Wariield. chairman OF the
Seaboard Air Line Railway, has issued
n call for meeting of security holders
in railroads to be held in Baltimore on
May 20.
1.-THE conference will decide" says
Mr.. Warfield, whether 1t IS desirable
for investors in railroad bonds ana
stocks to ask the Interstate Commerce
Commission TO be heard on railroau
credit. its bearing on securities ana on
railroad finance and the Importance OF
maintaining the credit Of the arteries
Of the nation-the arteries OF trade
the railroads. representing Sl1.OOo,OOo'-
900 capital investment, and what TINS
means in successfully placing by the
government OF billions Of dollars IN
loans to finance the war and to provide
for the effective defence of our coun-
try"
The call has been issued by Mr.. war
field to a large number Of railway secu-
rity holders, including fiduciary IN
stitutions. such as life insurance com
panies, savings banks and trust com
panles.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
Dividends

Chicago & Northwestern. Regular quar-
terly dividends Of . per cent on the preferred
and = per cent on the common stocks, pay
able July | TO stock OF record June |.
STANDARD Oil Company Of New jersey
Regular quarterly dividend of 50 share.
payable June 10 to stock of record May IS.
Illinois Pipe Line-Dividend of si2 a
share. payable June 10 TO stock of record
May 81.
Pittsburgh Brewing. - Regular quarterly
dividend of Ia. per cent on the preferred
stock and u of per cent on account OF back
dividends on preferred stock. both payable
May 81 to stock Of record May II.
Harbison-W Refractories. - Regular
quarterly dividend OF IL per cent on the
common stock. payable June ! to stock OF
record May 10 and an extra dividend OF 6
per cent. payable May % TO stock OF record
May 10.
Northern Texas Electric Company.-Quar-
terly dividend of 81 a share. payable June
to stock of record May Il.
Penn-Wyoming Oil.-Initial quarterly divi-
dend OF per cent payable August I.
National Surety Regular quarterly dvi-
dend OF per cent. payable July > to stock
Of record June %.
Republic Iron & Steel.--Regular quarterly
dividend OF ia per cent on the preferred
stock. payable July to stock of record June
IS. and regular quarterly dividend of p per
cent on the common stock. payable August
20 stock of record July l6.
Champion Coated Paper.-Extra dividend
OF per cent the common stock and reg
ular quarterly dividend OF y per cent
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
Relevant Facts

Traction Stocks Decline Weakness
of the shares Of the local traction COM
panies was one Of the principal feat
ures Of yesterdays stock market trad
ing. New low records for the current
movement were established in most in
stances. Interborough Consolidated
preferred lost 39s points on a decline
to OPS, while the common broke
point to 50. Brooklyn Rapid Transit
was / q lower at the close at J6S4 after
touching a low of 90. Third Avenue
closed Is off at 1875. but sold as low
as IN during the course Of the ses-
sion. The decline in the group was
associated with the general belief that,
although the companies are confronted
with steadily rising operating costs.
they are likely to meet obstacles in the
way OF getting higher revenues.
Pullman Palace Car Company
stock declined ! point to la yester-
day on light trading. The price is now
the lowest in a decade, and compares
with high in March last of 1862,
high of III last year and record high
OF 270 in 1906. The company has an
unbroken record of eighteen years as
an per cent dividend payer Weak
ness OF late has been apparently based
on the fact that retrenchment pro-
grammes now under contemplation By
the railroads may result in the curtail-
ment Of sleeping car service and thus
affect the Pullman company's earnings
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
News Digest
Foreign

Russian Securities Tumble in Lon
London. May 15.-Desplte the
Russian uncertainty and further set
back in Russian securities, the stock
market to-day was generally steady and
confident, with renewed demand for
Consols and the war loan and steady
recovery in Grand Trunks the CHIEF
features. In the industrial section oils
and Mexican rails were well supported
by investors, but speculative issues
were inclined to dulness. American Sc
curities closed undecided.
Money was plentiful and discount
rates were steady. Money was quoted
at AJAX per cent. Discount rates for
short bills, 4l1-16 per cent; three
month bills, Az per cent. Gold pre-
miums at Lisbon, 50.
Paris Bourse-Paris, May 10
Prices were steady on the Bourse to-
day. Three per cent rentes, 81 francs
80 confines for cash; exchange on Lon
don, p francs Is centimes; per cent
loan, 81 francs 20 confines.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
New York
Mutual Insurance COMPANY Liaui


dated. The final report of the State
Superintendent of Insurance. Jesse S.
Phillips, upon the liquidation of the
Clothing Contractors Mutual Compen-
sation Insurance Company was APP
proved by Justice Benedict, of the Su-
preme Court, Kings County, yesterday,
in an order directing the final distribu-
tion of the company's surplus. This
was a mutual company, formed by
clothing contractors to insure against
the liability imposed by the compensa-
tion law. 1t was placed in liquidation
on January PC, 1916. because of its
failure to accumulate sufficient re-
serve to cover the catastrophe hazard.
All claims by employees of policyhold-
ers for compensation were paid in full
pursuant to an order of the Supreme
Court dated October 30, 1916. but a
distribution of the surplus to the
policyholders was postponed until the
expiration of the time for filing claims
for accidents under the compensation
law
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
Bank Clearings. T
The Dollar in Foreign Exchange

Exchange on Italy underwent marked
improvement yesterday. when the lire
rate moved up to around to the dollar,
compared with 7O4 the day before. y
let-up in offerings from Rome was the
chief cause of the better tone.
Russian rubles, after early frmness,
fell back at the close 10 about Mondays
level. Failure to hold the early gain
was attributed TO the adverse infu-
ence Of the weakness of Russian gov
eminent bonds on the curb, where they
sold at new low record levels.
Closing rates yesterday, compared
with week ago. are given IN the table
below. American bankers have sus-
pended all dealings in German and
Austrian exchange. so that daily quo
tations for either marks or kronen are
no longer available.
Week
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
Many Employees of
J. P. Morgan & Co. Enlist

The staff of J. p. Morgan e. Co. has
been depleted recently as result of
employees joining the army and navy.
+. {. Bacon, Office manager, son of ex-
Ambassador Robert Bacon. and Frank
ii. Mcknight, Of the export department
and brother-in-law of H. p. Dawson,
LETT Yesterday for Plattsburg.
Fully twenty-five other employees left
last week TO join various branches of
the army and navy, including Junius
Spencer Morgan, son of J. p. Morgan,
VINO ~ serving as an ensign in the
Coast Patrol Service.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
u. S. Treasury Finances

Washington, May 1.-THE condition
of United States Treasury at close to-
day showed: Net balance in general
fund. s195.0e3,475; total receipts, So
747.782; total payments, S4,416,366.
The deficit this fiscal year is S11e..
255,751, against deficit Of S60,078,2O
last year, exclusive of Panama Canal
and public debt transactions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16

Gates w. McGarrah, president of
the Mechanics and Metals National
Bank, believes it perfectly right that
the people of the United States
should expect that the banking ma
chinery be used to the utmost to
facilitate the sale of the Liberty
Loan and that the government
should ask for every ounce of energy
which the bankers can exert in its
behalf.
But" he says, "the Liberty Loan
is fundamentally a popular one, to be
taken by the people. 1t is the wage
earners who are TO be reached, not
the banking institutions. The i'm
portance of this cannot be empha-
sized too strongly. To preserve the in
dustrial and commercial stability Of
the nation, the banks must not be eX-
pected TO tie up any large part of
their resources in the government
loan. They will, Of course, be eX-
pected to extend their credit to those
customers in good standing who de-
sire to subscribe to the loan, all this
at time when deposits are being
disturbed by direct subscriptions.
"This duty will not be an easy ore,
for if only half the bond issue calls
for the extension Of credit at the
banks, there will be necessary an i'm
mediate increase of the loan items Of
the country's national and state
banks and trust companies Of a bill
ion dollars, which is equal 10 a large
fraction Of their present loan item"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
STANDARD MILLING COMPASh

PREFERRED STOCK DIVIDEND ,,s,,
n y City. May vn; .,s,r>
The Board Of Directors OF sssr.sfe
Milling Company have declared e, ~
dividend OF one and one-hsif Vsf ~
Cent upon the Preferred s'o.s ,,sss ~
Company. payable out OF ", sIst' i,il.
10 Preferred Stockholders o. re sssss
close OF business on May sls,. lsi..~esk
JOS. A. kSoA.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
Current

The above rates express the cost of
foreign money in terms Of the Ameri-
can dollar. You buy an English pound
sterling at, say, s4.75is. The intrinsic
parity is s4.S6ss per pound. Thus, you
say either that pounds arc at dis
count or that dollars are at pre-
MUM, which "a owing to the fact that
in England che 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, 1917-05-16
sTIyD,xp MILLING CONPANi,

- wall street 40
COMMON STOCK DIVIDEND ~;
y. Y. city. May on; c.s,
The third instsllment OF iNo "a re
Eight Per Cent $50 dividend SPvlllus
common stock OF the standard oe,sb>'
company which was declared on u.x jlsi
25th. 1915. viii BE- payable or S,f. q
1911 to the Common stothnyw.v .isL
record at ths close OF business on
1917. IA, =. mailed
INS a KNOX. Treass'-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
Farm Loan Board
Lends $150,0OO a Day

Washington, May 15.-Loans to farm
ers By the Federal Land banks have
passed the 100000 mark, and are
being made at the rate of $4,000
day. If the present rate Of increase
keeps up the Farm Loan Board esti-
mates the total loans during May at
S3,OOO,OOO.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
New Loan Being Offered

According to advices from Petrograd,
the taking Of subscriptions TO the new
internal Russian loan. which is known
as the Liberty Loan, is now proceeding
and will continue until June 2. The
total amount of the loan is 5000 100000
rubles (s1.545. Oo0. 900 at the normal ex-
change rate Of the ruble, and sS5O,OOO,-
OO0 al the present exchange rate). Inc
loan is offered at So per cent OF IT'S
nominal value, with an interest rate OF
; per cent. The issue will run for
forty years. II was announced recent
lv that syndicate Of Russian banks
would take 500 900 900 rubles, or one
half of the loan, and that the remain
ing half would be offered for public
subscription.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
Quoted cents TO the unit.

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, 1917-05-16
Money and Credit

The time money market continued
dull and firm yesterday. The inquiry
was chiefly for tho short dates. which
carry over the July period, and as .
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
DIVIDEND NOTICES
ctaso De plsco COPPER coaPoaI1l"

May sth, -, al
A quarterly dividend go o. a. 50
per share and an extra dltiden' c.ol,sl
cents per share on the ouistanl'hs ,ss.,,s
stock OF the Company has Oteh sSsoIsss
payable or June LIST. 1911, 70 Nvsv 1874
checks will Be- mailed By the .o' .s,sL
Trust Company. Dividend Diso1,slns.
h ESN MOLLEk, i'e--.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16
Tuesday. May -.

The days trading on the Stock Tx
change resulted in a turnover only
slightly in excess of 100000 shares.
The price movement was irregular,
with the general tendency down
ward. due in large part to persistent
selling for a fall by professional OPP
orators. No great amount of press
ure was needed to depress prices, as
the market was without support, ex-
cent at occasional intervals, when
influential interests deemed 1t neces-
sary to show their hand in stocks
with which the short sellers were
taking too great liberties. Brokers
frankly do not anticipate any revival
of interest in the market on the part
of investors until the distribution Of
the Liberty Loan has been success
fully accomplished. There is, how
ever. some expectation that specula-
tive trading may increase in volume,
owing to the decision of the Chicago
Board of Trade TO continue indeh-
nitely the restrictions imposed Mon
day on the buying of wheat for
future delivery. This will deprive
many who make a business Of trad
ing in grain of their favorite market,
and consequently they may turn to
stocks in order to indulge their IN
clination to speculate. Cotton
brokers also expect to derive some
benefit from the suppression of spec
ulation in grain.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16

The board estimates loans during the
first year of its operation will exceed
$3.50. 600. 900. The first issue of farm
loan bonds. it was announced to-day,
will be placed on the market within a
month or six weeks.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16

Great Britain. in the fotation OF
her huge war loans, appears to have
solved successfully many of the dit
fcult problems with which the
United States is now confronted.
Hence, some of the things English
fnanciers have learned as result OF
their experience in the field of colos-
sal war finance are worth passing
along. For example, one English
writer points out that:
"The one obviously effective way OF
getting money to subscribe to the
war loan is by economizing and saw
ing it. Money that is got by refrain
ing from spending, whether on con-
sumption or on building factories, or
whatever may be, constitutes a real
and full contribution. 1t in effect
releases that part of the nations pro-
ductive power over which VIC could
exercise command and transfers TO
the government the means Of eXer-
cising command over il. 1t Is, IN
deed, sometimes objected that if a
person spends 500 on extravaganza
this e1OO will eventually work round
to somebody who is economical and
will put it into the war loan, 50 that
no real damage is done. But this. OF
course, is fallacy. If | spend 500
in building a boathouss, the builder
nav invest some Of that 500; but he
could have done so equally well II
my money had been handed over TO
the government and il had employed
him in building an army hut. The
net difference between the two proc
esses is that in the first his services
arc used for my benefit, and in the
second they are used for the benefit
Of the government"
The same thing holds true in this
country. The most important duty
is for the individual TO refrain from
exerting a drain for his own ends on
the real resources Of the community.
If those resources are not absorbed
through the qualification Of personal
wants, there is more than one form
of financial machinery by which they
can be got into the hands Of the
government. On the other hand,
whatever we use for ourselves the
military and naval forces of the
country must go without.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-16

over over Over
- or - up 80 up so up

Silver.-Bars in London. IS pence;
New York, 747s cents; Mexican dollars,
IS cents.
Bank Clearings. The days clearings
"a Nou- Nork and o.hor cifieS.