davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-11
PORTUGAL TO DISCARD
ANCIENT FARM TOOLS

That modern agricultural me-
will make great hesdway In fo'''
as result of present conditions $,
garded as inevitable by many Oh -,
leading men Of that country ae'O'e
to a report from W. L. Lourie' W. ~
General at Lisbon. Wages oil 80,
lsborers are about treble wnA'
were three years ago. Portus" n,
land of small farms, and so lohg va
labor necessary 70 till the NV ovr.
cheap and abundant most OF ,ns .,yls
ers have been satisfied with ,ns lie
Of oxen-drawn plough dating ~, rsi.
Roman occupation and the he SsSi,,sss
took Of the sturdy Spanish ssiss,r
Now that wages are so muen AZ,
and labor is scsrcer, land oSne ,,rn
beginning to investigate modern ;.
implements and intensive fsrnl.",s .,usd.
cording to official statistics lusI .s,apy
the cereal crops of the county fei
about 2,s47 900 acres Of lsnd' 81 rs;
lows: Barley, S&5.s5o; corn, ,aI;og;
oats, 247,i0o; rice, 1878 rye
wheat, sio,l5o; other, 12S,eoo'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-11
U. S. Treasury Finances

Washington. Jan. 10.-The condition
of the United States Treasury at the
close OF business to-day was: Net bal
snce in general fund, sos, $40, 1874; total
ordinary receipts, s1,761 .593; total or
binary payments. S3.6o2,134.
The deficit this fiscal year is $780,
5t7, 1879, against deficit Of S56,247, 46a
last year, exclusive Of Panama Canal
and public debt transactions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-11
The Dollar in Foreign Exchange

Firmness OF sterling and weakness
Of Italian lire furnished the principal
features Of the foreign remittance
market yesterday. Sight drafts on
London we're held at S4.75%, while
si1ty-day bills advanced to s4.72. The
decline in Italian lire carried the check
rate from 6.S9X to 6.91%. The rest
OF the market was steady and dull.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-11

The above rates express the cost OF
foreign money in terms Of the hmeri.
can dollar. You buy an English pound
sterling for s4.75%; the intrinsic par
ity is s4.s69s per pound. Thus, you
say either that pounds are Mt a dis
count or that dollars are at a pre-
MUM. which is owing to the fact that
in England the demand for dollars
with which to settle accounts in this
country is greater than the demand in
this country for pounds with which to
settle accounts in England
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-11

ton of the worlds stock OF gold money
is but about $500, 900 900. or but little
more than one-half Of the actual value
of the gold known to have been pro-
duced in the world since 1892. or this
s2,s64.s41, 900 was held in the United
States on January /.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-11
The Importers and Traders Na'lon'
Bank OF New York,

New York, January sts' ~
A. the annual meeting % the Soe.a'e
or. OF this bank held to-day. it' Nv.
Ing named gentlemen we're duly ei.eis'
Directors for the ensuing year
Isaac u. Fletcher T. walter Spalding
James w. Lane / r Stone
AdOlph Lawisohn Edward TOwnsend 49,.
John ". Plstten Edward Van Noiheh0"s-
a. n. Powell John i, Walton -.
Henry Spadona Charles A Wimpthein.f
At a subsequent meeting ~ the oos.. !
Directors Mr. H. n. Powell vas Us
mously reelected President and ~ -
ward Van Voikenhurgh was UNANIMOUS
reelected President ,,..
f.. p. TOWNSEND: CAMS
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-11
Money and Credit

A condition of pronounced ease pre-
walls in the general money market. The
call rate at the New York Stock EX-
change ruled yesterday at per cent,
and some loans were made on a basis
of ~ per cent. This was the lowest
rate since June, 1916. 1t compared
with high of Is per cent in December.
Time funds on brokers' stock ex-
change collateral continue In abundant
supply. Yesterday this market held
steady at the rates of the day before.
Four months industrial loans are the
most popular maturity. Rates for loans
based on mixed collateral are 3h per
cent for all dates but six months, which
are quoted 3is to 80. per cent.
Ruling rates on money yesterday,
compared with year ago, were as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-11

other words, famine is likely to be a
decisive factor. AS am fond OF
saying, many a poor German would
give all the Rumanian victories for
an equivalent number of pork pies.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-11

Total gold holdings, 2,52o,sol,oOO
marks.
Worlds Stocks of Gold Money!
compilation made by the National City
Bank shows that the United States has
supplied nearly one-fourth of the
worlds gold output since the discovery
Of America The worlds production Of
gold from 1892 TO the end Of 1916 is es-
timated at approximately $4,000, O0O,-
GOO. while in the same period the pro-
duction from mines in the United
States was s3.925.OOO.Ooo or about %
per cent Of the worlds production in
that period. The sl6,6OO, 100000 worth
Of gold produced since 1892 is not how
ever. 70 be taken as measure Of the
quantity Of gold now available for cur
rency purposes. The worlds consump-
ton OF gold for Industrial purposes
alone now exceeds sl75. 900 year,
20 say nothing Of the loss by sbra-
sion. AS result the latest compila-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-11
ReAexes Of War

A writer in "Vorwarts,' OF Berlin,
gives a description of work in a small
factory converted to the making Of
shells, which is interesting as an Illus
tration OF the labor substitution in
Germany. He writes: AT first there
were four young metal workers turn
ing shells just as they had formerly
turned parts of pumps. But already,
in the first months Of the war, one af-
ter another of them Disappeared they
had been called up. The workmen at the
four machines became ever older. and
after about a year | noticed that all the
men working were over forty. That,
too, was only a transition. One day a
soldiers wife appeared, for the older
men also had been sent TO the field.
To-day all four places are occupied by
women, the three-shift system was in
troduced long ago and the four ma
chimes never stop. Moreover, both
workers and machines have learned 70
increase their production-to produce
more and TO work more cheaply. The
production figure has been increased
by $50 per cent week and the cost Of
production wages for piecework-
have decreased by 80 per cent. Mate
rial has certainly not become cheaper
and the sub-contractor now gets higher
prices, but the work OF the macines
themselves has been intensified. What
we see in this small case constitutes a
gigantic industrial change of general
rirniGrancen
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-11
Yesterday. Year ago
= o. . O.
Commercial Paper.-Apart from a

COMMERCIAL Paper.-Apart trom a
moderate increase in activity, the COM
mercisl paper market presents no new
feature. Offerings continue rather
scarce, and prime regular maturities
are quoted unchanged at 81 per cent to
3$4 per cent, with the bulk Of the deal
ings at the higher figure.
Official rates of discount at each Of
the twelve Federal districts are as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-11

The increase in the postal and
telegraphic charges in all the Euro
pean countries will become a perma-
nent feature of the budgets after the
war. AS all countries are still in
the search for new sources of reve-
nue., there is no chance of the in
creased revenue from posts and tele-
graphs being given up. This situa-
ton cannot but have influence on the
course of business. During the two
decades before the war every effort
was made not only TO increase the
facilities for communication, but also
to make it as cheap as possible.
Henniker Heaton's dream was TO
have penny, or two-cent, postage for
all countries in the world, and it is
a mercy that he did not live TO see
the days when his lifework was being
gradually undone. 1t is, however,
not improbable that the increased
imposts may reduce the revenue to
such an extent that the governments
may be obliged to revert to the levels
that prevailed before the war.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-11

tralian trade with America has ID
creased by 500 per cent, or IN nion',
value by S45,O2O,OOO. The balance
trade between the two countries D.
been reduced from 50 per cent TO 4 p
cent in favor of America.
A shortage in rolling stock 10 W
many is indicated by the sugse'a'.s
made in the North German Ist'",
that Holland should send her own we
ons to fetch coal from Germany
A carload of creamery butte, !.
first consignment for Englsho.s,.
been shipped from Regina, sssIua .,;,,
wan, TO Manchester, the product ne ms.
come from all three prairie p'0''N'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-11

Below is given the current exchang"
value Of foreign money in dollars ano
cents. together with the intrinsic gold
parity, az calculated by the United
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-11

Bank of Germany.-Berlin via Lon
don. Jan. 10.-The statement of the
Imperial Bank Of Germany, issued jan
uary 6, shows the following changes in
marks:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-11
Wednesday, January 10. 1912

The change that is taking place
in the character of the reserves OF
the European Continental banks IS
both interesting and important. For
merly bank reserves were composed
of gold and gold alone, save in the
case Of the Bank Of France, which
could also redeem in silver. Now
practically all Of the European
banks use silver as reserve, while the
Banks of Russia and Italy also in
clude copper currency. None but the
Bank Of England has followed the
old rule of counting only gold. But
the way having been paved through
war time necessity, there is good
reason to believe that other metals
than gold will continue to be counted
as reserve after the restoration Of
peace. With the progress Of the war
it is certain that the gold cover of
the enormous and continually eX-
banding issues of paper currency in
circulation will be further attenu-
ated, especially as very large part
of the gold formerly held in private
hands has already been added to the
governmental holdings, and further
additions from this source and the
output Of the mines will not be suffi-
cient to meet reserve demands. Even
if. in the course of time, most of the
gold which has been sent to this
country should find its way back into
the vaults of the European state
banks, the cover would still be in
sufficient, judged by the pre-war
standard. Silver, while of course not
so acceptable for reserve purposes
as gold, nevertheless has COM
modify value, and paper backed by
it will therefore certainly be better
than paper which lacks that backing.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-11

b-Treasury. - New York banks
gained from the Sub Treasury $500, 900.
Silver.-Bars in London. S6it pencei
New York, 76A cents; Mexican dollars,
5Sis cents.
Gold to Spsin.-Gold coin 70 the
amount Of 100000 was withdrawn
from the Sub-Treasury yesterday for
shipment TO Spain.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-11
Relevant
Information

PENNSYLVANIA acknowledgements a
meeting Of the board Of directors OF
the PENNSYLVANIA Railroad yesterday
il was announced that the stockholders
will be asked Ut the annual meeting on
March 10 to approve an increase IN
the authorized Indebtedness of the
company to the extent of S75,OOO,OOO.
This will enable the board OF directors
to issue from time to time sucn
amounts, either in general mortgage
bonds or in capital stock, that has
heretofore been authorized by stock
holders, that may be necessary to pro-
vide for the company's capital require
ments in the near future, including
maturing obligations. The stockholders
will also be asked at that time to
approve the acquisition of the prop
erty and franchise of the Harrisburg,
Portsmouth, Mount Joy & Lancaster
Railroad. The railroad Of that com
pany constitutes that portion of the
main line Of the Pennsylvania Rail
road between Lancaster and Harris
burg. The Pennsylvania Railroad Com
pany owns over 80 per cent Of its capt.
tai stock
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-11

There has been marked improve
ment in our trade with neutral, Eu-
ropean, South American and Asiatic
countries during 1916. In the early
months of the year our trade with
neutral countries was not of as large
proportions as later in the year. OF
the European countries, the total
value Of our trade with Holland and
Sweden shows decreases; but the
tendency has been toward an ad-
vance in the values of our exports.
Our exports to South America have
materially advanced; but at the close
of the year the tendency was toward
reduction in the volume of our eX-
ports. Our exports TO China have
improved 80 per cent, while our ex-
ports to Japan advanced 1870 per
cent. Our trade with India has
nearly doubled in volume. These fig
ures are indicative Of the fact that
the prospects of our trade with the
acknowledgement regions of the world
are very promising-in spite Of the
fact that we have paid very little
attention TO it.
The reduction Of the production Of
gold in the United States by sS,719,-
600, and of silver by 2,077275
ounces during 1916 has been almost
entirely due 10 the insuffieiency of
cyanide. Miners are seriously con-
cerned y2out the future, and indi-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-11
Daily Imports and Exports

Daily imports and exports of general
merchandise at the Port Of New York
were:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-11

The De Beers Consolidated Mines
Company, famous producers Of da-
monds, recently held its annual meet
ing at Kimberley, South Africa. Some
OF the shareholders protested against
the heavy British export tax placed on
diamonds, which in effect falls almost
exclusively on De Beers as the largest
Of the worlds producers. The chair
man stated that all arrears Of divi-
dends on the preferred stock of the
company would be paid after the end
Of the year. The future looks better
than BEFORE" he said. THE world now
knows that If it wants De Beers da-
monds it must pay De Beers prices.
BY producing less the mines will last
longer and still give at least the same
dividends as before"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-11

Submarine Boat. This stock, which
sold in 1915 as high as 81 and last
year at 451a, has been conspicuously
weak of late. II broke on the curb
Yesterday to 1914, the lowest point
touched since the decline began. The
Submarine Boat Corporation was or
ganized in August, 1915, to acquire IN
exchange for its own securities the
outstanding common and preferred
stocks Of the Electric Boat Company
Under the terms of exchange ten
shares of the Submarine Boat stock
were given for each one share OF Fec
trio Boat. Submarine Boat has 764,6oO
shares of no par value outstanding, on
which dividends are being paid at the
rate OF Sc a year. The recent decline
has given rise 10 rumors of a cut in
the dividend. II. r. Csrse, president
of the Electric Boat Company, ISSUED
a statement yesterday in which he
said: "The United States government
has Just signed a contract with the
Electric Boat Company for the con
struction of twenty-one submarine
boats. About S17,OOO,OOO is involved
in this order. The Electric Boat Com
pany's 1916 business will show net
earnings we'll in excess of S6,000,OOO,
and from the large inquiries received
to date from all parts of the world,
much larger than anticipated by the
company, the prospect for years to
come seem very strong. We are eX-
tremely we'll satisfied with our present
condition. We have done a splendid
business during the last year, ana
there is every indication that the
future volume of business will be well
sustained. | will say, however, that
our extraordinary earnings for 1919
and 1916 we're due in large part to
special orders of very large proper
tons. and, having completed them
ahead of time, the possibilities of
additional special orders are uncertain
at this time"
Anthracite Shipments. - December
shipments of hard coal, as reported by
the Anthracite Bureau Of Statistics,
were 5,5s2,747 tons, as against 6,149,3S7
tons in December of last year, de
crease of 566,640 tons. For the full
year of 1916 shipments were 67,376,36i
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-11
Maturity in days.

Bank Clearings.-Tne days clearings
at New York and other cities:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-11

"The Japan Advertiser" says OF the
Japanese paper industry. "The total
cessation Of pulp imports since the
war began and the enormous rise In
prices have stimulated japanese pulp
industry. Many producers are now
laying out capital in Sskhalin forests,
while such companies as the Oil Paper
Mill, the Sakhalin industry and chemi-
cal paper factories have been newly
established. The Japanese pulp out
put therefore will shortly reach 66,l39
short tons, with a producing capacity
of 1902 short tons year in Sakhalin.
II is difficult to say anything about
condition after the war in view Of the
differences in the production of Jap
anese and foreign pulp. Foreign
chemical pulp before the war used 20
make.a good profit at price OF s49.5O
per short ton, whereas the prosperity
of the japanese pulp industry at pres
emit is chiefly due TO the good price
obtained, 1885 per short ton.
Whether japanese pulp will be able to
compete with the foreign. stuff when
the price for the latter is lowered
below $3.50 per short ton after the
war entirely depends upon lowering
the cost of production. The japanese
demand for paper pulp last year was
l59 1876 short tons"
nur,no tha last thre. va. -. the Aus
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-11

S15- day paper.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1917-01-15
~ Society," and Personal O.

rangements are being made by the
social committee of the state
board Of the council, consisting
Of Mrs. Paul J. Fransioli, chair
man, Mrs. John McFadon, Mrs.
George Browne, Mrs. Ernest Lis
ter, Mrs. Stephen Appleby, Mrs.
j. Q. Mason and Mrs. Herbert
Griggs. Reservations may be
made with Mrs. Mason.
The Woman's Clubhouse asso.
citation will elect a treasurer, four
three-year trustees, five two-year
trustees and five one-year trustees
Monday afternoon at the club
house. The nominating ballot
taken last Monday resulted in the
election at that time of Mrs. Har-
old Il. York, president; Mrs. G.. C.
Mellinger, vice president; Mrs.
Leonard Herbert, secretary, and
three of the three-year trustees,
Mrs. j. w. Brokaw, retiring presi-
dent, Mrs. Thomas Carstens and
Mrs. Elizabeth Davis.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1917-01-15

Tow Lawson, or anybody else, can say that con-
gress or the cabinet is full of ''leaks," graft or
general crookedness. That seems to be one of the
accepted rights Of free speech applied to genera-
ties. But when congress or the cabinet decides
to pay official attention to such accusations, it
should also determine to make the accuscrs prove
their case, if they can do it.
Hearsay evidence is not admitted in any case
in the land. If Tom Lawson has names or other
evidence, he should give them or be jailed If he
has not, congress is wasting its time in trying to
handle common scold, and had better kick
Lawson out of public notice.
Any other course means creation of suspicion
that congress and the "leakers'' are guilty of
things that they want to suppress.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1917-01-15

like, shrewd and intuitive; has a
marked sense of humor, keen dis
criminative judgment, a compre-
hensive mind and great powers of
exp ession.
1ie width OF Lloyd Georges
head above the ears indicates
great energy, effectiveness of
purpose, forcefulness, courage, di-
plomacy and power Of endurance.
Though open-minded. candid and
sincere, he is cautious, judicious
and tactful."
Prof. Severn said Lloyd George
was "warm-hearted and affection
ate, particularly fond of home"
with well marked ambitions
and confident, though not large
ly endowed with self-esteem."
Lloyd Georges head is % inches
around the greatest width, a head
Prof. Severn considers larger than
the average. His forehead is high
and broad.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1917-01-15
CONNEXIONS oEdWfH
LIES HOPE is TO DIE HAPPY

you Marge said Moie after her leg had been
life out OF a clear sky know
what turks around the corner u ,u, -
than that night while dancing with Chad felt that all
a baby wanted coming. Life good
glad to be alive Thenmb Everything went flute and here
But, / sad only leg you
since become conscious lying here
life has been singuar free from kind of pain Only
soul sick physically ill.,
Just though were of flesh and bones full pain
feel terribly know shall afterward the loss the
his look of
with which he moved the leg made feel
THE queer part of it is said Moie that have learned how
sorry and then their though their duty done You
are out of it, my dear
you must all those long months,
d waas ' my s hnR fate slipped
with the other night 1t to me the time when
Don't mistake me-" am not morbid don't Want to die
or rather should say am not tired of living but this is the point
when everything looks joyous to could be
to leave off living Do you see mean MargeG
dear ST for have Ds G 6onn a never s s in my
but suddenly had to for with terrible
suddenly while happy, pre-
sumo shall live and until friends behind back
gloomy talk murder
Moie Marge tell her she infinitely better off than
in all the world with two good legs and Chad bent
Isn't strange book that is given to some men to say
absolutely right thing? life
it and wanted mater what condition was in no
going try all over aan and unless something happens
know this weeks from when
Little book little book wish could tell that is the
ITO Be Continued.)
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1917-01-15

tNewspaper Enterprise Association)
LONDON, Jan. ia charac-
ter study OF Lloyd George, new
English premier, made 13 years
ago by Prof. }. Miliet Severn,
noted phrenolOgist, Is being taken
up now by friends of the premier
and it is found prophesies Severn
made have been fulfilled.
After reading Lloyd Georges
bumps" Severn said:
Recognized political leaders
will have to look to their laurels
If they would hold their own be-
side a mind so collosal in il:
power and far-reaching in scope
and breadth OF intellect.
"Health permitting. Lloyd
George has without doubt
great future before him"
He Is thoughtful. reflective,
studious, poetic, musical, social,
domestic, sensitive, suave, and
adaptable; but practical, lawyer
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1917-01-15
ALI the railroads are going to get together to
fight the Adamson law, to find out whether it is
law or just something passed by congress.-Detrot
News.
POSTAGE HYPOCRISY

For rank hypocrisy nothing beats the PROPOSE
ton to cut the first class postage rate to penny
on the ground that it will be saving to the com
mon people,
1t would not be a saving of four cents month
to the common people" but would, on the con-
trary, shift upon them much of the postage ex-
pense of the big mailing houses, especially the
stock jObbers. To meet the reduction in revenue,
the postoffice department would be empowered
to increase the rate on newspapers, magazines and
other publications, and, the publishers, in these
days of trust prices for paper, would have to shift
the increased cost over upon the readers.
1t is simply another slick scheme through
which special interest seeks to make all the peo-
pie carry part Of its expenses. There is no public
demand for penny drop letter postage What
p. NJ. Gen. Burleson hears is the seductive whis-
per of special interest and the indications are
that he's got an earful of it, more S the pity.