davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-14

Starting without bias, the latest
Federal investigation is likely to get
further and do more real good than
any which have preceded it. 1t is
quite possible that minor evils and
the remedies for them will be found
which will have made the investiga-
ton really worth while. But that
it will result in materially lowering
the cost of living is improbable.
Laws may be enacted without end
and Investigations may go on for
ever without changing in the slight
est degree the most important fac
tor-the immutable law Of supply
and demand.
The trouble, if there really is any
of consequence, is with the people
themselves. Their needs, real or i'm
sgined, are ever expanding, and they
refuse to economic. Candles and
coal oil may be cheaper, but no one
thinks Of using them where gas and
electricity are available. 1t is not
so many years ago that the family
of average income was satisfied to
have meat three or four times a
week. Now it has meat three times
a day, ordered over the telephone
TO save the bother Of shopping, and
delivered in an automobile. SO long
as people are able to do these things,
no material decrease in the cost Of
living (which, after all, is largely a
matter Of the standard Of living)
can be expected. An extended period
of depression would bring about the
desired result, if it really is desired.
If people were compelled to do with
less for a few years, they would be
less careless with money for a long
while after prosperity returned. I'M
fortunately, the cycle would eyentu-
ally return TO the present phase,
however, and the disease would have
been endured without even the salts
laction.0f a permanent cure. And
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-14
vi. K. & T. NEEDS
S65,OOO,OOO FOR
REHABILITATION
Annual Saving of $4,5OO,.
900 Could Be Effected,
Expert Reports

II the Missouri, Kansas e. Texas
Railway Company spends at least $685.
100000 during the next eight years in
rehabilitation and improvements the
railroad ultimately should be operated
at a saving of $4,5O0,O00 annually, be-
cause of increased efficiency and physi-
cal improvements, according to a report
on the property made byJ. W. Kendrick,
of Chicago.
Along with the publication Of this
report yesterday a bill of equity and
Judgment on second mortgage bonds
amounting to s2O,OOO,OOO was filed in
the United States District Court at
Dallas, Tex, against the Missouri,
Kansas & Texas Railway Company by
attorneys representing the Bankers
Trust Company of New York. No op-
position TO the filing was made.
This is the first foreclosure proceed
ing instituted by creditors of the line
since the rccsivership two years ago.
Holders of first mortgages as yet have
taken no action, and, according to the
railroads attorneys, action will be
taken to have yesterdays bill consoli-
dated with the general receivership
case, which has for its object the final
strengthening of the railroads financial
affairs.
In the opinion of Mr.. Kendrick, who
was employed by New York bankers to
make survey of the railroad, proba-
bly, not more than S1O,OO0,0OO can be
expended adyantageously over the next
two years. Certain of the economies
IN operation declared to be practicable
cannot be realized for some time in the
railroad experts judgment, his estimate
being that the net saving for the year
1920 should be 81 100000.
The budget prepared by Receiver
Schaff and approved by Mr.. Kendrick
includes s12, 100000 for track replace
ment, drainage, ballast, protection to
roadbed and bridges, and s14,o0O,0oO for
grade revisions and extensions.
Basis of Reorganization
"The reorganization" adds Mr.. Ken
drick, Should undoubtedly take into
consideration the fact that the future
requirements Of the property for money
will be considerable. They will by no
means end with the expenditure of $685.
100000, as the railroad must be
strengthened and provided with facili-
ties to an extent sufficient to enable 1T
to meet the requirements of the future
without the necessity for another reor-
ganization. That is, to my mind, the
reorganization should be effected upon
a basis which will make it possible to
sell any amount of securities for the
legitimate purposes Of the property"
On the basis Of increase indicated by
the showing in recent years, Mr.. Ken
drick estimates that the W., X. T.,
gross earnings in 1920 will be about
$50 600, OOO or approximately $1,000
600 more than they were for the fiscal
wear ended June 30, 1916.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-14

The proposed investigation of the
high cost of living to be made at the
direction of President Wilson by the
Federal Trade Commission, with the
cooperation of the Department Of
Agriculture, is deserving Of COM
mendation for one thing, at least. 1t
is unique in that it will start with
out a theory to which any facts dis
closed by the survey must be fitted.
President Wilson made it clear that
there will be no prejudgment when
he said:
Il has been alleged before com
mittees of Congress and elsewhere
that the course Of trade in impor-
tant food products is not free, but Is
restricted and controlled by artificial
and illegal means. 1t is of the high
est public concern 20 ascertain the
truth or falsity of these allegations.
No business can be transacted ef-
fectively in an atmosphere OF sus-
picion. If the allegations arc well
grounded it is necessary that the
nature and extent of the evils and
abuses be accurately determined so
that proper remedies-legislative or
administrative be applied. If
they arc not true it is equally essen
tial that the public be informed, so
that unrest and dissatisfaction may
be allsyed.
In any event, because of the grave
public interest which the food sup
ply affects, the efficient performance
Of the duties imposed upon agencies
of the government requires that all
the pertinent facts be ascertained
Commonly Federal, state and mu-
nicipal Investigations of such prob
lens begin in suspicion of all who
have anything to do with food other
than merely the eating of it, and end
nOWuGTE az ali. HSlt 10 d LOl Al vi -
from which there Is seldom a de-
parture. The campaign is usually
opened with a bitter denunciation of
"the loathsome food spectators" and
the "cold-storage barons" and other
more or less vague persons, who are
popularity supposed to have amassed
great wealth through preying upon
a defenceless public. 1t is a method
of attack which is easily capitalized
in the form of big headlines for the
chief investigator, but that is nearly
always the main, if not the sole, re-
suit. When the headlines cease the
investigation generally dies nat
ural death.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-14
The Dollar in Foreign Exchange

Quiet conditions prevailed in the for
eign exchange arket at the opening OF
the new week. Long bills on London
were strong, with sixty-day drafts quot
ed At 4.72ii.
Italian exchange was weak, falling
TO 4 new low record OF 7.3l lire to the
dollar. compared with 7.29la on Sat
urday.
German marks we're a shade iirmer,
677s cents for four.
Closing rates yesterday, compared
with 4 week ago, were as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-14
Money and Credit

Rates continue TO work toward high
err levels in the local money market.
The general belief entertained in high
financial circles that a United States
government loan of large prop ortions
will be announced in the near future
is the chief factor of importance at the
moment. Banks and trust companies
are placing themselves in readiness for
the reception Of such an Offering, and
this is the most important reason for
the relatively sitter tone Of fixed date
funds. including commercial paper, as
compared with call money.
Call money rates at the New York
Stock Exchange opened the new week
unchanged yesterday at 21s per cent
and some loans were made on a basis
Of 2K per cent. There was an album
dance of funds available for such loans
On the other hand, the offerings OF
time money were curtailed to such an
extent as to result in higher rates, AZ
to Az per cent being quoted for pTacti-
cally all dates. One of the largest ma
tional banks in the city has declined
to grant renewals in some cases, fore
ing borrowers to seek zine accommo-
dation elsewhere or resort to the call
money market. Another bank, usually
large lerder of out-of-town money,
has not put out fresh funds for fixed
period for upward of a week.
Ruling rates on money yesterday,
compared with year ago, we're as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-14

distributed to common stockholders
during the year.
Since October. 1914. about Soo'ooV'-
600 has been expended in the construc-
ton Of new plants to fill "war orders.
Early contracts with the belligerent
nations, the report says, were closed
at prices approximately 20 per cent
higher than before the war, and "out OF
this price there has been set aside an
amount sufficient to amortize the cost
Of constructing new plants to fill such
contracts, and consequently 1t became
nossible to quote lower prices on later
contracts"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-14

it is not sure that the cure would
be desirable even were it attained.
All that would happen would be that
people would save more by lowering
the standard of living, in some cases
perhaps by living within their in
comes, for, like everything else, ne
cessity and pleasure are relative.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-14

Silver AT 70 Cents.-Commercia bar
silver at 10 cents an ounce yesterday
stood at the highest price since 1ss2'
The current quotation compares with
772s cents on Saturday, an advance oil
lSs cents an ounce since last week
The sharp upturn in this market fol-
lowed similar moving in London. Bar
silver was lie pence higher there at
SO Tie pence per ounce. Strength OF
silver in London at the present time is
attributed largely to the scarcity OF
supplies, which has been heightened by
the curtailment of shipments from New
York since Germany's attempt to block
ade England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-14
CORPORATION Returns

Atlas Powder.-Report for the year ended
December 81, 1916. including subsidiary COM
panies, shows earnings equal TO 5O.S9 per
cent on $4,000, 400 common stock, against
$3.50 per cent on Si.1GS,7OO common stock
in 1915. The report compares as follows;
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-14
Relevant
Information

company aggregated S2O,652,916 in 1916
compared with s9,2S9,49l in 1915, ac-
cording to the annual report issued
Yesterday. The balance available LOT
common stock dividends was equal to
5O.99 per cent on $4,000, 400 of common
compared with $3.50 per cent earned on
s4.16S, ZOO common in 1915.
Chandler Motor Car Company.-The
report for the full year of 1916 shows
net profit of S1,716,166, equal to S24.5l
a share of stock outstanding. Cash div
idends of 100000 were paid on the
s7.OOO0 900 outstanding stock and
S1,O16,166 was added to surplus &C
count.
United States Cast Iron Pipe.-Di-
rectors of this company declared a divi-
dend of per cent on the preferred
stock yesterday, payable in four quar-
terly instalments. The first distribu-
ton Of IA per cent is to be made
March Is. A statement was issued to
the effect that the question Of declar-
ing an additional per cent to make
7 per cent for the year was deferred
until later in the year. Dividends were
resumed on the preferred stock on
January 81, 1915, with the payment Of
. . per cent out of earnings. On October
26 the directors ordered the distribu-
ton Of per cent extra, making 4 per
cent in all paid on this issue in 1916.
Jewel Tea.-This company reported
yesterday for the four weeks ended
January q last, showing sales OF
sl161,951, compared with s797,248 IN
the corresponding period of 1916, ar
increase of 45 per cent.
Long Island Plan.-Palph Peters
president of the Long Island Railroad
has issued a letter to shareholders
stating that asscnts to the recently an
nounced plan of readjustment of the
company's financial structure Will be
received up to March %. The plan pro-
yides for the issuance of s5,2l2,OOO OF
) per cent twenty-year debenture bonds
which are to be exchanged at par for
stock not under the control OF the
Pennsylvania Railroad. It is also pro-
posed to issue common stock for the
balance of the Long Islands debt ap-
nroximating s25,0OO000
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-14
Tuesday, February Is, 1917.

The sad thing about Representa-
tive Lindbergh's castigatiOn of the
Federal Reserve Board is that so
much good white paper should be
used in printing it.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-14

Below is given 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, 1917-02-14
Commercial Paper.-Dulness c

Commercial Paper.-Dulness con-
tinues the chief Characteristic of the
commercial paper market. The tone is
firm. The general market is now on a
basis of Az to Az per cent for prime
regular maturities, representing an ad-
vance Of u per cent over last weeks
closing quotations.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-14

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, 1917-02-14

closed a decrease Of s15,04s,00O in sur
plus reserves. Loans and discounts IN
creased S12,09S,O00.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-14

The above rates express the cost OF
foreign money in terms Of the Ameri-
can dollar. You buy an English pound
sterling for s4.75H; the intrinsic par
ity is s4S6% per pound. Thus, you
say either that pounds are at dis
count or that dollars are at pre-
MUM, which is owing to the fact that
in England the demand for dollars
With which 20 settle accounts in thi9
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, 1917-02-14

.Eoual to 6.4s per cent on $4,000. 900 cap
ital stock, against 6.24 per cent earned on
same capitalization In 1915.
National Biscuit.-Report for the fiscal
year ended January 81. 1917, shows earnings
after deductng per cent dividends on the
$24.SO4 800 preferred stock. OF S2,Si2,s9l,
equal 10 9.72 per cent on the SZ9'z3o'VOO
common stock. against S.l8 per cent in the
year preceding. $40
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-14

Sub-Treasury.- New York banks lost
. Sub Treasury, s296,0
Boston Bank Statcment.-The weekly
statement Of the Boston banks dis.
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1917-02-15
TRAIN HITS AUTOMOBILE
CARRYING STATE TROOPS
Two Members Of Ohio Regiment Killed
In Border Crash-Twelve
Others Are Hurt.

Ell Paso, Tex, Feb. 12.-Private
Charles Eaton of Company l., Fifth
Ohio infantry. and Sergt. Karl Eisen-
hart of Company X, Fifth Ohio infan-
try, were killed when the Golden State
Limited train of the Rock Island line
from Chicago struck motortruck In
which they were riding downtown
from Camp Pershing. Private Eaton
was from Conneaut, o., and Sergeant
Eisenhart was from Cleveland.
Private Randolph J. Smith of Com
pany X, Fifth Ohio infantry, and pri-
vate Dan T. Toomey of Company L,
Fifth Ohio infantry, were so badly In
1ured that they were reported to be
in dying condition. Ten other men,
bers Of the Fifth Ohio infantry were
seriously injured. Among these were:
Private A. ]. Roehl, Cleveland: Pri-
vate II. J. Clark, Cleveland Private
Daniel Dingwell, Cleveland; Private
Dan Ray, Conneaut; Private Floyd
Rugar, Conneaut; Private Grant Rood,
Conneaut.
Ell Paso, Tex, Feb. 12.-It was an
nounced at military headquarters here
on Friday that orders had been re-
ceived from the southern department
for the headquarters department to
prepare for the movement of National
Guard troops to their home states.
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1917-02-15
AMERICANS QUIT
WORK IN BELGIUM
Relief Commission "Invited" 10
Get Out.
SEA WAR TO sTARvE NATION
Order Issued by German Officials
Stated that Only Few U. S. Men
Could Remain in Occupied
Territory.

London, Feb. 1.-THE American
commission for relief in Belgium has
officially notified the German authori-
ties that the Americans will with
draw from participation In the re
lief work In Belgium and northern
France.
This step was taken In reply to an
order from the German authorities
that Americans must withdraw from
the provinces of Belgium and north
ern France, leaving only few OF their
representatives, headed by Brand
Whitlock, American minister to Bel
GUM, In Brussels.
The action of the commission is ex-
planned In the following statement by
directors of the commission in London:
"We We're advised February by
Director Warren c. Gregory from Brus-
sells that Baron Won der Lancken, civil
governor of Brussels, had notified him
that American citizens could no longer
occupy positions in connection with
the commission In the occupied terri
tories of France and Belgium, but that
a few Americans. among them Brand
Whitlock, might reside in Brussels and
exercise general supervision over the
work. Mr.. Whitlock, however, was to
have no diplomatic standing. Further,
automobiles and other means of COM
munication would be denied Ameri-
cans.
After earnest consideration with
Ambassador Page, the directors of the
commission In London, acting in ac-
cordance with Herbert G. Hoover,
chairman of the commission, instruct
ed Mr.. Gregory to inform the German
authorities that, In view OF their or
der, the Americans could no longer
exercise their functions in the occu-
pied territories and that, as under
these conditions, the American men,
bers of the commission could no long
err carry out their responsibilities ana
undertakings to other interested gov
ernments and fulfill their duties to-
ward the peoples Of Belgium and
northern France, the Americans would
officially withdraw from participation
in the work of relief In the occupied
districts.
mfr. Gregory was advised to arrange
for all his men to leave Belgium i'm
medlately, except a few who are to
close the commissions affairs and take
steps to see that there be no inter-
ruption in the service, pending the re-
organization of the work."
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1917-02-15
NEW CHICAGO POSTMASTER.
William 3. Carlile, Well-known insur-
ance Man, Named.

Chicago, Feb. 12-William r. Car
lille, well-known insurance man, was
appointed postmaster of Chicago by
President Wilson. Mr.. CarHle's name
was suggested to President Wilson by
Senator James Hamilton Lewis. Sen
ator Lewis had blocked the confirma-
ton by the senate of President VIII
sons first nominee for the place, Dixon
c. Williams.
Mr.. Garlic was born In Lebanon,
KY, January 81, 1870. When he was
twenty-three years old Mr.. Carlile
married prominent society girl Of
Memphis, Tenn, Miss Virginia Fon-
tame. He has had spectacular rise
In the insurance field. In 1896 he was
made inspector of agencies for the
Mutual company In the United States
and Canada. In 1911 President Will
liam A. Day of the Equitable Life AS
surance company announced the APP
pointment of M. Garlic to an adj
mlnistrative Office of his concern. He
acted after that in a supervisory CO.
paclty for the Equitable company
agencies throughout the United States.
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1917-02-15
GERARD ARRIVES
IN SWITZERLAND
AMERICANS LEAVE GERMANY ON
SPECIAL TRAIN WITHOUT
NOTABLE INCIDENT.

Zurich, Switzerland. Feb. 1.-THE
American ambassador, James w. Ger
ard, arrived at the Swiss boundary at
Schaffhausen at 4 O'Clock Sunday aft
ernoon. He was met by the American
minister to Switzerland, Pleasant
Stovall, and representatives of the
Swiss army, including Col Bruegger
and Capt. Rudolph Iselin. A Swiss
military guard of honor was also in
waiting. and big delegation of citi-
zens greeted the former American
ambassador to Germany.
The trip from Berlin was made with
out noteworthy incident, although
some curiosity was displayed by those
who gathered along the route through
Germany.
Mr.. Gerard disembarked at Zurich
with 120 others. intending at first to
remain there, but when he was as
sured of accommodations at Berne he
left Immediately for that city. He
will remain in Berne for two or three
days arranging for his trip to Paris.
Leave Taking Cordial.
Berlin, Feb. flames w. Gerard.
the American ambassador, and his
staff left Berlin at $40 o'clock Sat
urday night for Switzerland. Besides
the embassy staff, 10 other Ameri-
cans accompanied him.
The leave taking was very cordial.
members Of the foreign Office seeing
the ambassador off.
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1917-02-15

Washington - President Wilson has
signed a commission appointing Theo-
dore Roosevelt, Jr., major of infantry
in the officers reserve corps. Mr.
Roosevelt was a member of the Platts-
burg training camp.
washington - Virginia was given
permission by the supreme court to in
stitute mandamus proceedings against
West Virginia to enforce early pay
ment of 81 100000 decreed to be West
VirginiaS shade of Virginia's 1861
debt.
Havana-The Cuban government
has announced that about thirty men
of the Seventh and Eighth companies
of infantry stationed at Camp Column
bia, near Marianao, have revolted and
escaped with their arms. Troops are
in pursuit.
Pittsburgh-While the machine and
erecting departments Of the Union
Switch and Signal company were COM
pletely destroyed by fire with loss Of
about $4,O00,000. the shell-making
shops were not damaged.
London-The war is now costing
England $2S,177,035 day, Chancellor
OF the Exchequer Bonar Law declared
in the house of commons today. His
statement was made in connection
with move for vote of credit.
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1917-02-15
NEUTRALS DECLINE
TO JOIN WITH u. S.

Stockholm, Feb. 9.-The Swedish
suggestion that other neutral countries
join with the United States in seyering
diplomatic relations with Germany.
and declares its intention to follow
the strictest neutrality as long as IL Is
possible.
Washington, D. c.. Feb 9.--Nether-
lands government. through the Ameri-
can legation at The Hague. has for
mally declined to accept President
Wilson's suggestion that it break off
also was said that the Netherlands
government had made protest against
unrestricted submarine warfare, and
that at the same time negotiations
had been opened with Great Britain
for the reduction of its mine field.
Christania. Feb. 9--Norway will
not agree to President Wilson's sug-
gestion in regard to breaking relations
with Germany. the Afternpost says.
This newspaper asserts that European
neutrals must decide on their policy
toward Germany according to their
own interest not according to Amerl-
can sentiments"
Washington, Feb. 9.-lnformation
that Switzerland will not adopt Presi-
dent Wilson's suggestion that in the
interest of world peace other neutrals
follow the lead of the United States
and break off diplomatic relations
with Germany. has been received here.
The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1917-02-15
MANY pAcIFIsTs AT CAPITAL.
Several Hundred Visit Washington In
Peace Crusade.

Washington, Feb. 13.-Several hun
dred pacifists, most of them from New
York, visited Washington to urge upon
congress and the president 1.-THE I'M
portance of referendum" before war
is declared with Germany or any other
country.
They called on Senator Stone, chair
man of the foreign relations commit
tee, and Congressman Flood, chairman
of the house foreign affairs commit
tee. Then they went to the White
House, but did not get to see the pres
ident. They left with Secretary Tu-
multy petition to be presented to
Mr.. Wilson, however. They held
massmeeting at the All Souls Uni
tartan church.
Among the spokesman were: Rev.
Norman V. Thomas, DR.. Joseph
Hughen, Bertha Moley, Alexander
Conn, Mary Wright Seawell, Prof
William T. Hull, Prof. Harry A. Over
street, Mrs. Emily Greene Balch and
Winter Russell.