davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-23

very much. With backward conditions
prevailing, exchange before the war
was generally against Spain, and, fur
Their, il was perhaps one of the most
fuctuating in the world
"Then came the war, which has com.
pletely altered the financial aspect of
the country. Imagine "A country that
had been accustomed only to export
fruit and wine and import nearly every
thing else. Imagine that country be-
ing, so 20 speak, converted overnight
into manufacturer and exporter of
everything that it could lay it's hands
upon, TO be converted for the purpose
of war. First of ell, France began to
buy, then came England. For three
years these two countries have bought
everything they could possibly secure
from Spain, in consequence OF which
factories have risen where no one be-
fore dreamed they could exist. Count
less industries have started. SPANS
export trade has increased immensely,
and as a direct result Of all this the
French and English have had TO make
heavy payments to Spanish manufact-
urers and shippers. Add to these con-
ditions the fact that Spain has had lit
tie opportunity to import from abroad,
and also that the country has bank
ing system that is among the most an
tiquated in the world, and you have the
position in q nutshell. What has in
iured the sterling exchange in that
country therefore must in the same
proportion injure the dollar exchange.
This is the strongest argument we
know of to prompt us to exert every
ounce of energy TO the construction Of
a real dollar exchange"
If you calculate the cost of the dollar
in terms of foreign money-that is, as
if you were buying dollars with pounds,
marks or franct--its value at the close
of last week, as compared with a year
ago, would be about as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-23
Dividends

wabash Railway.-Regulnr quarterly divi.
dend of / per cent on the preferred "A
stock. payable October 81 To stockholders OF
record October IL.
Virgins Railway & Pe~er.-Rezular
semi-annusl dividend OF liz per cent on the
common stock, payable October 20 to stock
holders Of record October /.
Ohio Fuel Supply.-Regular quarterly div
idend Of 62ia cents (2la per cent?, payable
October 10 TO stockholders Of record Sep
TENDER %.
Mexican Petroieum.-Quarterly dividend
Of l., per cent a share on the common stock.
payable October IS to stockholders Of record
October /.
Atlantic Coast misunderstanding semi
annual dividend OF 81 per cent on the first
preferred stock. payable October ! to stock
holders OF record September %.
Hayerhill Gas Light.-Regular quarterly
dividend of Sl.l2i2 a share. payable Octo-
Der to stockholders Of record September a.
Sharon Steel Heop.-Regulsr quarterly
dividend of per cent, payable TO stock
holders Of record on October |.
Northern States Power.-Re Regular quarter
IL dividends OF u per cent on the preferred
and on the common stocks. payable 10 stock
holders Of record September 20. The pre-
ferred Is payable October 10. and the COM
mon October 20.
Capital Trseiion.zResular ousrtsrly divi-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-23
The Dollar in Foreign Exchange.

Ouieter conditions prevailed in the
local foreign exchange market last
week. The improvement in the Rus
sian political situation steadied ex-
change rates on that country and rubles
held fairly firm around 1911 to II cents,
compared with a low record level OF
the preceding week of liz cents.
Strength of neutral exchanges attract
ed attention, with rates on the Scandi-
navian countries and Spain moving up.
Swedish crowns sold as high as "a
cents in the local market Spanish
pesetas were quoted above % cents.
The movement in this group was at
tributed to the workings of the export
embargo. which has tended to curtail
the supply Of exchange.
A. G.. Ramsey, assistant manager OF
the foreign department of the Mechan-
les and Metals National Bank, discuss
ing the rise in Spanish exchange, says:
"To illustrate the present peculiar
situation Of the Spanish exchange one
must contrast the existing situation in
Spain with that which existed before
the war. Up to the middle Of 1914
Spain was industrially dead; there was
no enterprise whatever. No Spaniard
would ever think Of investing money in
his own country. The moneyed classes
exported their capital, and for that
matter still do so, investing principally
in South American and European Sc
curities. One must keep in mind that
in Spain there is very little or no mid
die class. The people are, broadly
speaking, divided into rich and poor.
The north of Spain and Catalonia are
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-23

Holland was only s65,oOo,ooo. Since
that date there has been an almost
continuous increase, until on August
10 the gold held exceeded s276,OOo,ooO,
or considerably more than four times
the amount held at the outbreak OF
hostilities. Holland, by he geogrsph-
zeal situation, has been in the posi-
ton of supplying both sets of bellig-
erents with all manner OF food sup
plies at extraordinary prices, so that
this country and Germany have con-
tributed largely TO the augmentation
in The gold held by the Netherlands
Bank.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-23
News Digest
Other Cities

Dry Goods Outlook.-CHICAGO,
Sept. 22-Marshall Field & Co., in their
weekly review of tho dry goods trade,
say: Current wholesale distribution
Of dry goods shows large increase
over the same week of year ago. Road
sales for both immediate and future
delivery surpass the volume of last
year by a considerable margin. Mer-
chants have been in the market in
smaller numbers. Collections are very
much in excess of the corresponding
period of 1916"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-23
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, :4.75'E. The intrinsic
parity is S4.S6% per pound. Thus, you
say either that pounds are at discount
or that dollars are at premium, which
is owing to the fact that in England
the demand for dollars with which to
settle accounts in this country is great
er than the demand in this country
for pounds with which to settle ae-
counts in England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-23
sE,BohRD NATIONAL BANK.

New York, September 20, 1917
rh. Beard OF Directors has declared tho
regular quarterly dividend OF Three az per
cent. payable on october /, 1871, To stock
holders Of record on September IS. 1917.
H. w. DONOVAN, Cashier
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-23
DIVIDEND NOTICES.
The American Agricultural
Chemical Company

NeE York, SEPT. t. I1Ii-
4 quarterly dividend o. one AID one half 30
cent on the Preferred stock o. th, Company
no. isl and , quarterly dividend " one ard
one haif per cent on the Common Stocs no ~
have been declared. payable October Is. 1911. 20
stockholders OF record a, 10 close Of business on
THOMAS A. DOE Treasurer
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-23

London Money Market.-LONDON'
Sept. 22.-Money, A per cent. Discount
rates for short bills, 4$ per cent;
three-month bills, 4i3-l6 per cent
Gold premium at Lisbon, go.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-23
Relevant Facts

Dividend Observation-Disclosures
OF the Pan-American Petroleum ana
Transport Company have declared an
| initial quarterly dividend of S71s cents
a share on the common stock, par value
$50, or at the rate Of per cent per
| annum. Dividend is payable October
10 to stockholders of record October l.
The American Screw Company mas
declared an extra dividend Of l per
cent and the regular quarterly dividend
o, IA per cent, payable September "
to stockholders Of record September -.
The Acme Wire Company has passed
tie usual quarterly dividend OF 2 per
cent. Il was officially announced that,
although net earnings were double re-
quirements, the increasing cost Of ma
terials and the present transportation
difficulties required the conservation Of
cash holdings.
Detroit, Toledo & Ironton Railroad
Gross operating revenues for the year
ended June 80, 1917, were s2,472,02i,
compared with s2,2l2,266 in the year
preceding. Net earnings, after eX-
pcnses, totalled S4lS,776, against S6Ol,-
l72 a year ago, and surplus decreased
from s327,937 to s2l9,249.
Mexican Petroleum.-A loss Of 2l2
points in the price of the stock OF this
company yesterday was reflection or
-. int of hn
ment over the action of the directors
in declaring a quarterly dividend at the
annual rate Of per cent. Reports,
alleged to have been at least semi
official, had been allowed to circulate
that the stock would be placed Oh a ~
per cent basis. As a consequence trad
ers bid up the stock briskly on Thurs
day and Friday. On the news that the
smaller rate had been declared there
was a hurried movement yesterday 20
unload.
r. J. Schweppe has been elected a
director OF the Mexican Petroleum
Company.
More City Revenue Warrants.-En-
yestment bankers have received letter
from Controller Prendergast that ne
will accept tenders next Tuesday fos
$4,000 900 of New York City revenue
bills, which will mature on December D.
Express Company Earnings.-Total
operating revenues of the eight leading
express companies for May amounted
to s9,8s5,25S, an increase of sl,4l8,O2i
over the corresponding month of 1916.
The gain in gross, however, was more
than wiped out by Jump Of s2,Oll,782
in operating expenses. The net operat.
ing income totalled s3S3,Si3, loss Of
S665,732.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-23

Closing rates yesterday, compared
with a week ago, are given n the table
below. American bankers have sus-
pended all deslngs in German and
Austrian exchange, so that daily quota
tions for either marks or kronen are
no longer available.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-23

Bank CIearings.-The days clearings
at New York and other cities:
Exchanges. Balances.
New York. 1852, 7o6,so7 S45, 1873
philadelphia o.. 53,352,090 1o,113,457
Sub-Treasury. 49, New York banks
gained from the Sub-Tressury '4,-
$4,000.
Silyer.-Bars in London, 55d, un-
changed; New York, Sl.OSl2, un-
changed; Mexican dollars, SIC, I'M
changed.
Accordance Rates.-Current bid prices
for prime acceptances are as 1oi!o"s'
Spot delivery: 30 days 60 days ~ days
Eligible member
Eligible nom
Ineligible bank
bills ......... 4Iaso 4s4". S %
For delivery within 80 days:
Eligible member banks ......... 3'41o
Eligible non-mcmber banks..... a 70
Ineligible bank bills.......... oHaH
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-23
Money and Credit

Clearing House Statement. 49, The
weekly report disclosed an increase OF
S7,07O,O0O in surplus reserves. 1t fol-
1,-l.-.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-23

Stock Exchange houses are eX-
treme'y careful these days in their
market representations. Most OF
them lean far to the side Of con-
seryatism, having found that this Is
the safest course to pursue in the
face of all the uncertainties that
surround the securities market. One
firm tells its clients: "All the great
factors are against any very eX-
tended rise. Chief Of these IS the
continued destruction Of wealth.
The huge sums being spent by the
government must first be paid into
the government treasury by the peo-
pie; they cannot be created out of
nothing. We must not close our eyes
to the fact that, for the first time in
the present generation, this country
is actually day by day getting
poorer. instead of richer. If no limit
were put on the price to be paid by
the government for supplies we
might see, temporarily, a period OF
imitation. This has been stopped by
the government policy of price fix
ing, which, though not the most
scientific method in the world, will
accomplish its object to large eX-
tent" This is fair summary OF
the present mood Of the financial
district.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-23

With the lcssening of the tension
4, the money situation, which,
hanks to the cooperative spirit dis
nhyed by the banking community,
.,omiscs to continue during the
,.riod covering the offering of the
,,U government war loan, securi-
tbs in general have undergone sub
.sntisl Improvement. Although all
NE ground gained on last weeks re-
,wering movement was by no means
maintained, the majority Of stand
,,d stocks left off with net gains
aver the preceding week, and the i'm
movement in sentiment extended 10
The investment market, where a
slackening in the liquidation Of high
rrsde bonds was noted. There seems
70 be a feeling in financial circles
mat no effort will be spared TO pro-
mote q cheerful feeling among IN
,.stors during the period in which
he new loan is publicly offered. 1t
is generally recognized that there
,ould be no greater handicap against
the success Of the loan than to have
the general security markets i'm
mersed in gloom and pessimism such
as prevailed fortnight ago. Quite
apart from the money factor, Wall
Street sentiment has been helped
during the last week by the liberal
attitude Of the government toward
the copper producers. Peace talk,
too, while more or less vague, has
also played its part in reviving con-
fdence among security holders.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-23

Below is given the current exchange
value of foreign mopey 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, 1917-09-23

The Saturday statement Of the
New York Clearing House banks for
the week Just ended discloses fur
Their moderate improvement in the
cash position of local institutions.
Surplus over legal reserve require
ments increased S7,O7O,110 to total
of ss2.754.520. The loan item IN
creased slOO,0OO,OOO, rejecting, no
doubt, the action Of local banks in
relieving the money market strin-
gercy by the liberal extension Of new
,redits. The statement shows that
&c United States government had
on deposit with New York banks
more than $272,OOO,000, compared
with SIJg, 100000 a week ago, the in
crease being due to payments Of the
subscriptions TO the latest issue OF
$500. O0O0OO of Treasury certificates
Of Indebtedness. Operations of this
nature have now resolved themselves
into mere book transfers, 50 far as
the banks are concerned.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-23

Saturday September &c, 1917
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-23
Hollands Gold Holdings

At the outbreak of the war the
amount of gold held by the Bank Of
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-23
Federal Reserve Banks

WASHINGTON Sept 2Total Federal banks
during the The condition OF
banks the business September a. compared with the previous
Asas nllows.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-23

More City Revenue Warrants.-ln-
yestment bankers have received letter
from Controller Prendergast that ne
will accept tenders next Tuesday fos
$l5,OO0,000 of New York City revenue
bills, which will mature on December D.
The Tomahawk., 1917-03-08
A Message 10 Congress
Continued from 1st Page.)

to higher things and greater sue
cess,
eve hold it incontrovertible
that our status in this nation should
be defined by federal authority.
We request, therefore, that, as
the first essential to a proper sOlu-
ton of the Indian problem, and
even for the benefit Of the nation
itself, this matter be placed in the
hands Of commission of three
men-the best, the most competent
and the kindliest men to be found
and that they be authorized to
study this question, and recon-
mend to you (the Presidency and
to the Congress the passage of a
code of Indian law which shall
open the door of hope and pro-
gress to our people. Our Society
since it's beginning has pied for
this fundamental necessity of race
advancement.
Eve ask, also that the Court of
Claims be given jurisdiction over
all Indian claims against the United
| States.
''This done, a great barrier to
race development would be re-
moved, for we should no onger be
tied to the past with the feeling
that the country had not fulfilled
its obligations to our race.
1--WE believe that even more
than has been done can be done to
make Indian property an efficient
instrument for Indian welfare; tC
make Indian intellect, statesman,
ship, and craftsmanship useful tc
the nation. We point with pride
to the men and women who by
their achievements have demon
strated the Inherent capacity OF
Indian blood.
Our plea is that just emporium
ity be provided to insure the eff
cheney and enlarge the capacity Of
the thousands who have not haC
freedom to struggle upward anc
whose condition very shortly be-
come not only a menace to them
selves, but a burden to the na
tion.'
May we not hope that Congress:
will awaken to the need Of thu
hour and respond to these critica
situations that affect the life, prop
erty, efficiency and happiness o
300, 900 potential and actual citi
zens of Indian ancestry?
The need of haste is great TO
each year, nay each day, of delay
but aggravates the case and rend
ers the injury more grieyous. ",
look to you for action.
Respectfully,
ARTHUR G.. PARKER,
President of the Societ.
of American Indians.
The Tomahawk., 1917-03-08
C, B. Buchanan is Called.

The many friends of Clarence B.
Buchanan, deputy United States
Marshal for Minnesota. will be
panied to learn of his death which
occurred last Thursday at Battle
Creek, Michigan, Sanitarium,
where he was receiving treatment.
He lacked one month of being sc
years of age.
Mr.. Buckman's death is the out
come of an illness which extended
over period of several years. He
was taken seriously ill IN January.
In the hope Of giving him the ad-
I vantage of a warmer climate and
the baths afforded at the Battle
Creek sanitarium, he was taken to
that institution last January.
| Everything in medical science that
could be done for him was tried,
but the disease, chronic Bright's
disease, ssproved incurable.
Mr.. Buchanan was one of the
most prominent men in this Sec
ton Of Minnesota and has done
much in the way of public service
and his appointment to the office
Of deputy United States marshal
was one based upon his singular
ritness for public position.
Surviving the deceased are his
wife, one daugher, Mrs. John
Burg of Minneapolis and one son,
Mark Buchanan Of Little Falls. He
also leaves two step-daughters,
Mrs. j. A. Kennedy of Baudette
and Mrs. John Cairns of Little
Falls.
The remains we're shipped to
Little Falls for burial.
The Tomahawk., 1917-03-08
Indian Football Star is
Sued for Divorce.

Alleging that when she married
George P. Gordon, star of the
Manchester football team, she did
not know he was an Indian, Ga
zelle Goldner Gordon is seeking q
divorce. She alleges also that he
is spendthrift.
H. counter suit filed yesterday,
Gordon demands cancellation of a
deed to a homestead be purchased
and decided to his wife because, he
alleges, she refused to live with
him unless the property was in her
name. He was only 10 years old
when he decided the home to her,
he says. The property, with the
furniture, he values at IS, 700.
The two were married in Janu-
airy 1915. The first intimation,
Mrs. Gordon maintains, that she
had of her husbands Indian des-
cent was when she saw his mother
at the Indian reservation near
Odanah, Wis.,, in June, 1915.
The girl, now living with her
mother, asserts he decided the home
stead TO her in a fit of cemorse
after leaving her for weeks
Minneapolis Tribune.
The Tomahawk., 1917-03-08

There Is more Catarrh in this section OF
the country than all other diseases put
together, and until the last few years
was supposed to be incurable. For
great many years doctors pronounced 1t a
local disease and prescribed local RENEE
dies, and by constantly failing to. cure
with local treatment. pronounced it incur
able. Science has proven Catarrh to be
ouires constitutional treatment. Halls
Catarrh Cure. manufactured by, f. J.
Cheney & Co., Toledo, Ohio, is the only
Constitutional cure on the market. 1t IS
taken internally. 1t acts directly on the
blood and mucous surfaces of the SYSTEM
They offer one hundred dollars for any
case it fails to cure. Send for circulars
and testimonials.
Address: F. ]. CHENEY & CO.. Toledo. O.
Sold by Druggists. 75c.
Take Halls Family Pills for constipation
The Tomahawk., 1917-03-08

Joseph Bigbear, who has been
in Washington, D. G. for the past
two months as a delegate from
this reservation, returned home
last Friday night.
The Tomahawk., 1917-03-08

B. S. Fairbanks was Detroit
caller yesterday.
Mr.. Pat Perrault of Mahnomen,
was a caller here during the week.
T. B. Beaulieu was Detroit
visitor the first of the week.
Henry Selkirk was Detroit
visitor the latter part of last week.
Archie Macarthur, of Ogema,
was a White Earth caller last
Friday.
J. P. Turpin returned last Fri
day from a visit to the Twin
Cities.
B. l.. Fairbanks returned the
first of the week from a business
trip to Cass Lake, Red Lake and
Federal Dam.
Rev. Father Gordon, an ordain-
ed Indian priest, is at the st Bene-
diets Mission assisting Father
Aloysius during the Lenten
season.
The Tomahawk., 1917-03-08
AGENTS WANTED.

Now is the time to pay that
subscription. ..
The Tomahawk., 1917-03-08

A GOOD SCHOOL
that guaranters satisfactory work
or refunds tuition. One months
tuition free while you investigate.
Write for catalog.
INTERSTATE BUSINESS COLLEGE, Fargo, Nd.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1917-07-24

compromise and why we think the
victory OF the Allies is as needful for
America as for Europe.
In war, time is everything and the
character of a modern war, of a war
for a cause that affects all the world,
is that there is no limit to the liabili-
ties to be incurred. 1t is a national
affair. The whole nation must take
part Short OF that it is folly to look
for victory.
Needs Great Statesmen Too.
If America is to fight with her
might she needs a great statesman to
guide her and a great comman Ter for
her army and her navy. OF the quail
tiles of a commander 1 already have
spoken. Those of a statesman are
the same. 1 remember the time when
America produced a statesman. No
one suspected him of being a great
man. He was rgarded as an uncouth
backwoodsman, with a sense of humor
and a fund of good stories. BY what
seemed the chance of an election in
which there were party divisions. the
man from Illinois was elected.
He had one quality, not too COM
mon among politicians-the single
eye. BY the time his work was done
America knew she had had a great
statesman I believe that if America
is true to herslf that kind of recogni-
ton may yet be repeated
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1917-07-24
DOLLAR WORTH LESS
1t viii Now Buy as Much as 40 Cents
Before War.

Chicago. July 24.-One hundred and
ten manufacturers, whose wares in
clude everything from a hook and eye
to wedding trousseau, are gathered
in convention here and expressed the
opinion that the buying ability of the
American dollar is lessening. Its
ability to get its owner food or cloth
ing or other necessaries is now only
40 cents on the dollar, the manufac-
turerS say
Owing to scarcity of labor, the
manufacturers say, cotton which last
year sold for and 9 cents a pound
now brings 20 cents. They are look
ing for the prices to reach 80 and 40
cents even with a bumper crop.
1T is impossible to estimate what
piece of wool will cost next year.,
said william Levy, of New York.
Last year the same piece of goods
could be bought for one dollar. Rea-
sons are crop shortage, labor short
age and government contracts"