davidaulloa/AmericanStories huggingface dataset:
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-15

: Representative Edw. Indrehus of
Glendorado, Benton county, passed
Sunday at his home.
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-15
Nelson's photos please the people.

Test all seeds now. It does not pay
to plant untested seed.
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-15

Fancy Apples, by the barrel or bas-
ket, at my warehouse. 7. F. Scheen.
7-2tc
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-15

Miss Sadie Peterson of Mora ar
rived here Saturday evening to visit
Mrs. Frank Smith.
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-15

Pussy willow buds soon expand if
brought into the house and put into
a jar of water
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-15

Rudolph Norberg of Breckenridge is
visiting relatives and friends in this
vicinity:
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-15

Attorney S. P. Skahen transacted
business in Minneapolis the first Of the
week.. 49,. -. ...:. .--.
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-15
LOCAL MARKET QUOTATIONS.

The quotations hereunder are those
prevailing on Thursday morning at the
time Of going to press:
=. POTATOES
All varieties, except Triumphs, from
s$l.9O to $500. Triumphs $500 to
$2.1O. al
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-15

Jos. Kuhn Of st. Cloud is circulating
among Princeton friends.
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-15

County Commissioner Carl Eckdall
of Book transacted business here Mon
day.
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-15

Rev. M. Peterson was Minneapolis
visitor the first of the week. =.
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-15

Wanted, a dish washer at once
Merchants Hotel. ~ 7-tfc.
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-15

IS ID. Nelson was a passenger to st.
Paul yesterday morning on business.
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-15

C. L. Harding transacted business
in Minneapolis the first Of the week.
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-15

Mrs. Chas. King was Minneapolis
visitor the latter part of last week. r,
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-15

Fritz Kunkle was q Minneapolis
visitor last week.
The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1917-02-15
ChIR0PRACTI C

Like Any. Other Method of Heal
ing Sometimes Fails Unless Combined
With Other Therapeutical Agencies.
New-York tribune., 1917-07-23

may arise. The paramount question is
whether the amount of available,
eligible commercial paper and gov
ernment bonds held by the member
banks, is sufficient to establish such
additional credits as may be required
with the Federal Reserve banks
through the process of loans and re-
discounts. II is a well established
practice for the makers of commercial
paper to issue notes payable six
months after date. These six months
notes are negotiated either in the
open market through commercial
paper brokers or directly with the
makers bank of deposit. These six
months notes are not available for
rediscount until three months after
the date of issue. If these notes were
payable ninety days from date, they
would at once be available for redis-
count with any Federal Reserve bank.
If the suggestion were made by banks
and brokers and adopted by their GUS
toners that commercial borrowers
make their notes for ninety days in
stead Of six months, a more liquid
banking position would soon result"
Alfred l.. Aiken, governor of the
Federal Reserve Bank of Boston,
also believes that the liquidity of the
banking position would be greatly
increased were commercial paper
shortened in the average.
The considerable rediscounts with
the Federal Reserve banks during
the last few weeks and the prospect
of further calls upon them by men,
Der and member banks caused by
the government war financing sug-
gest very strongly to his mind the
desirability of encouraging the prac-
tice of making short term CONNER
cial paper having, say, four months
to run, instead of the long six
months paper that is so commonly
made to-day. 1t is pointed out that
a change in the common practice in
this respect would be to the advan-
tage of all concerned, and would
work hardship upon no one of good
credit and would greatly improve the
banking position of the country. The
banks would make a turnover three
times a year instead of twice, and
the credits that they provide would
come up for consideration three
times instead of twice.
New-York tribune., 1917-07-23

Commercial borrowers have it in
their power to bring about a more
liquid banking position during the
war, in the opinion of James S. Alex
ander, president of the National
Bank of Commerce. If commercial
borrowers would arrange 10 have
their notes mature not more than
three months from the date of issue,
Mr.. Alexander believes that not only
would the banking conditions become
more liquid, but broader and more
stable market for the commercial
paper would be assured. He says:
Current rates for money have ad-
vanced materially from the levels
prevailing earlier in this month, and
considerable attention is being given
TO the new rates from day to day.
The question has been raised as to
whether there will be enough money
available during the next few months
to conduct both the gigantic war en-
terprises being made necessary by
the requirements of our government
and those of our allies, and also our
current commercial needs. This ques-
tion is particularly pertinent because
it is believed that the government
will find il necessary within short
time to make another offering Of
bonds. The movement Of crops in
the season now approaching will i'm
pose additional burdens on the money
market. Then, too, an unusually
large use of credit facilities is re-
quired while commodities continue
TO maintain their present high price
level. This nation now looks 20 it's
Federal Reserve banks 20 provide ad-
ditional credits and circulating notes
when the occasion requires. In this
way interest rates are kept within
bounds and the money market is kept
in funds.
1--WE may safely assume that the re-
sources Of the Federal Reserve banks
are ample TO meet any conditions that
New-York tribune., 1917-07-23

There seems now to be little hope
for any change in the position Of
the general bond market until after
the hotation of the next instalment
Ct the Liberty Loan. That will come
probably in September. Bond men
generally favor 31a per cent interest
rate, the same as on the first $2,000,-
100000. They believe, and appar-
emily their belief is well founded,
that with a 312 per cent rate bond
prices would not be much affected.
The adjustment of the market to
that rate on the government bor-
rowing has already taken place to a
large extent. But supposing that
the government should put out an
issue at per cent, the situation
would be entirely different. This
would mean that there would have to
be another adjustment of prices Of
outstanding bonds, which is some
thing not desired by investors or in
vestment bankers. Bond prices last
week moved irregularly without def
mite trend. The undertone reflected
improvement and the pressure Of
sales showed no increase.
New-York tribune., 1917-07-23
Monday, July %, 1917

Investment bankers are agreed
that we are in for a period of short
term financing, and developments OF
the past few days have borne this
out. AS matters now stand, cor
porate long term borrowing is out Of
the question. The demand for the
best gilt-edged long term securities
is very small at best, owing to the
uncertainties arising out of the gov
ernment's taxation programme and
war loan operations. New York
City managed to sell $55,000,00O of
Az per cent bonds at a slight pre-
MUM, but the fact remains unal-
tered that the market for new bond
issues is limited. This is why pri-
vate corporations in need Of fresh
capital are being advised by their
bankers to sell notes. Two impor-
tant corporations, the Delaware &
Hudson Railroad and the General
Electric, broke the ice last week when
they placed their notes in the mar
ket. In both cases the cost of the
fund was considerably above what
would have been paid had it not been
for existing investment conditions.
Other financing and refnancing
through the medium of short term
notes are on the books within the next
few weeks. 1t, is safe to say, how
ever, that only those corporations
whose need of funds is particularly
urgent will come into the market at
this time. The cost is entirely too
high.
New-York tribune., 1917-07-23

Money market considerations held
the attention of Wall Street early
last week. AS an aftermath of the
Liberty Loan financing call money
rose from 2ha to 10 per cent, setting
new high level for the year on
Monday. Subsequently the rate fell
to 6, and was maintained around that
level the rest Of the week. Govern
ment withdrawals were the chief fac
tor in forcing up the call rate. Time
money rates were also much firmer.
The rapidity with which the situa-
tion eased up after the furry in the
fore part of the week was accounted
for largely by the use made by local
banking institutions of the redis-
count privilege with the Federal Re-
serve Bank. Once again the value
Of the new banking system in an
emergency was proved.
New-York tribune., 1917-07-23
Wartime Control
Of Business by
The Government
Organization Of British Industries
as a National Unity Does Not
Destroy Individual Enterprise
(From The AmericaS)

THHE question that is uppermost
in the minds Of many Ameri-
can business men at this mo-
ment is what is going to be the ex-
tent of the governments progressive
assumption Of control over American
business affairs as we take more
and more active part in the war, and
what will be the effect on general
business. Particularly, American
manufacturers who have devoted en-
ergy and money in the last three
years to the establishment of perma-
nent foreign business connections
and organization are asking what
will happen with these enterprises
when the government tightens re-
strictive control of exports and i'm
ports for the purposes of war.
We will now be hearing every day
of preparations at Washington for
extended control over the shipment
abroad of American products. Be-
cause of the necessity of keeping i'm
portant economic as we'll as military
information from the enemy, and
presumably also because of considera-
tions of diplomacy, it is likely that
proclamations and rulings may be
made with a minimum of explana-
tion of the underlying reasons, so
that, unless business men are them
selves watchful of significant devel-
opments, and are informed about the
general meaning of government con-
troll of national business in war time,
these government activities will be
apt TO cause them greater anxiety
than the actual situation will war
rant. Government interference of
any kind in American business af-
fairs has always heretofore brought
anxiety and hesitancy and has in
variably hurt the general business
situation. To some extent this has
always been psychological" Now
we have come to the point where ma
tional defence requires a measure of
war control. of almost everybody's
affairs. Will it be accepted without
useless and hurtful anxiety by the
business community?
New-York tribune., 1917-07-23
English Control of
Gradual Growth


The growth of the English control
has been gradual and well thought
cut, although it has had its inevita-
Bile mistakes, and for three years
the English newspapers have ire
quently published the protests OF
manufacturers and exporters be-
cause of the little inconsistencies OF
bureau decisions that caused them
losses and of restrictive rulings that
had a more sweeping effect than was
intended. 1t is understood that our
own government may adopt policy
based on England's experience, and
not publish many general regula-
tions, say, Of export or import, but
may require licenses over a broad
range of business in order that un-
foreseen effects Of general restrlc-
tive orders may be instantly correct
ed. In the light of experience
American exporters must not be
worried if our own exports council
demands export licenses for a long
list of articles, and replies to their
application with a terse approval or
refusal without giving reasons that
would disclose to the enemy plans
and policies they would like to know
about.
The full programme of what our
government will do in the way Of
control of the nations business will
undoubtedly be a progressive devel-
opment that will depend upon cir
cumstances, just as England's was.
No group of men could possibly for
mulate much more than a tentative
plan for the future of the war
period. Obviously, we will not copy
England's system in full, because
England has had to shape her con-
troll to meet contingencies entirely
different from ours. We have no
such proportionate burden upon our
man-power or resources as England
had or has; we cannot be starved /;
we do not need to import all our
materials; we seem to have no finan-
cial problem; we join an economic
mobilization against Germany al
ready organized and working. But
as the war progresses serious de-
velopments might throw a fuller
weight of the burden on US, and
change radically our early plans.
We will find things to do that we do
not now foresee. But we will be
able to see them coming before they
reach us, and England's experience
in detail will be of much help to our
business men in judging what tCe
are likely to have to do as particular
problems arise.
New-York tribune., 1917-07-23
RrprRI1c IRON & STEEL COMPANY

PREFERRED DIVIDEND ~, 70. ,-,,,,
A. meeting ~ the Executive S.,,,,' 80, "a
OF the Republic Iron & steer conpaiy An.
July l7th. 1917, the regular quss 20, 70.
Gens Of ls,e, on the preferred stocs s.,es.
CIare5 parable october ist. 1917, 70 ~;
holders Of record September i'''' ''''
Books remain open. 40
COMMON DIVIDEND No = -.,.,,,
At q meeting Of the Executive n~ So, h,I
OF the Republic Iron & steel CompsHn, q, 4,
July l7th. 1917. a dividend 9t Ior.hi. 10.
yember lst. 1917. to stockholdtr', o' on,s. r.ft
october 18th, 1917. Books resi,.,.r,. remain cs,y
r. JONES, JR., seefs''"
New-York tribune., 1917-07-23

What the after-war effect on British
trade is going to be is still conJectu-
raj. AS to wartime conditions, we see
Great Britain, with its population Of
100000 comparing with out lO4,-
000,000), and its manufacturing ca
pacity estimated to have an output
Of about eight billions worth of
product a year (at the beginning OF
the war), comparing with 1914 ca
pacity in America of over S24,000,-
100000 and now at least S29,000,-
100000, confronted with the neces-
sity of raising with emergency speed
100000 soldiers out of her limited
population (as against our present
expected levy of 100000, with talk
of final 100000 out of our more
than twice as many inhabitants) and
with the economic burden Of manu-
featuring immense stores of NUM-
tions with a national industrial plant
third the size Of our own, in the
face of draft of so high proper
ton Of her working forces, and of
the necessity of importing practical
ly all Of her raw materials. Yet,
handicapped by a collapse of the
machinery of international credit
and exchange, so vital for her ne
ctssity of getting materials, con-
fronted also with other critical prob
lens from which we are absolutely
free, Great Britain has so organized
that the production of her industry
is enormously increased despite the
draft of men for war, internal pros
perity in general and consistent
policy of keeping up the foreign COM
merce Of the country has been as
tonishingly successful.
New-York tribune., 1917-07-23

better means could be employed than
the granting OF a fund of $5O,OOO,'Vo
or perhaps S25,000,000 would be SUI
ficient-for use here in maintaining
Russian exchange. oooooo
"The establishment of S5O,O0O,Ooo
fund for the regulation OF sterling
proved one of the financial master
strokes of the war. Before then IN
ternational exchange between here
and Europe was gravely unsettled
disconcerting everybody. As soon as
the S5O.000,000 became available regu
Iatory methods were instituted and
sterling was reestablished on stable
basis at reasonable level.
"Now rubles have fallen from their
normal value of 511a cents to about
% cents drop of not far from 90 per
cent. This is extremely serious, ana
the United States government could
render no more valuable immediate as
sistance to Russia than the taxing
of steps which would restore ruDieS
to a proper quotation.
"Bv skilful management FUND OF
s25 900 900 would probably sutice ior
this purpose, and it is hoped that INC
matter will shortly receive the consid-
Grafton it warrants"
German Exchange Muddle
Mr.. May states that the primary
reason for appointing the Committee
of Foreign Exchange Bankers to deal
with problems which have been Gre
ated by Americas entry into the war
has not been publicly understood Inc
United States government, he says,
clearly foreseeing the trend OF events,
for some time before the declaration
of war held up all wireless and cables
transferring money to Germany ana
Austria.
1t was not until after war had been
declared that this action by the gov
ernment was revealed 70 those who
had handed in these cable transfers
which were not carried out. Finally,
when the government authorized tie
wireless and cable companies to
notify senders that the money had
not been transferred, a great deal OF
confusion arose as TO the status or
those who had bought and paid for
cable transfers and the bankers with
whom this business had been done
It was no fault Of the bankers that
these exchange transactions were not
carried through. AS a matter of fact,
tney ntQ lLlly DHA4tstu bitii NoDaN9 4's'N
been forwarded. The purchasers Of the
drafts, on the other hand, could claim
that. having made a deal with bankers
here and failure to carry it through
f, was not the fault of the buyers Of the
exchange-how they were to transfer
the credits was the concern of the bank
crs agreeing to do it, not of the mer-
chants, manufacturers and others VINO
had bought and paid for the exchange.
The arrangement agreed upon, ac-
cording to Mr.. May, is this:
"Any customer who wants TO cancel
his purchase of exchange may do so,
but no bank or banker can compel him
to nullify the agreement entered into:
As it is morally certain that marks Will
be dearer when peace comes, the bank
ers are we'll advised in letting any
buyer cancel the deal, because if it is
rot cancelled it will devolve upon the
banker 70 procure the exchange when
the war ends and complete the trans
action at the other side"
The price Of rubles last week fell
below % cents.
New-York tribune., 1917-07-23
Britain 5 Big Gain
In Production

The basis for a good, cool judg-
ment by any business man of the
Intrinsic effect of what we may ex-
pect in the way of government in
reference with ordinary business
affairs during the war is the expert
ence of British business concerns in
domestic production and in foreign
trade during the last three years.
New-York tribune., 1917-07-23
DIVIDEND NOTICES.
8urden's Condensed NIX CanlalE
Common Stock Dilidsni No, a
and SuscaI Red Cross Dlda!Ni

The regular semi-snnual dividend Of ~ ~
also a Special Red Cross Dividend o. q
of l9o (5Oc per share), have been d''lu''
on the Common Stock Of this ConP''y.
payable August 18th, 1917, to .lOesn''1e' f'
Of record August ls, 1917. Books ''r
August lst. 1917, at 3 P. NJ. and ops
Angus, 10Th, 1917. at 10 A. ". Ei@n @
covering both dividends, also frll Iii'1't y
ton as to the Special Red Gro" DI"'''''
will be mailed stockholders.
Ed. SHOVE, Tressara
New-York tribune., 1917-07-23
Resources of Trust
Companies Increase

Albany, July 22.-Despite the fnanc-
ing of the Liberty Loan, the trust com.
panies of New York State increased
their resources from February 28 to
June 20 last $685. ,O89, the total on
the latter date being s2,941 ,290.854, ac-
cording to reports fled with State
Superintendent of Banks George |.
Skinner, in answer TO the quarterly call
issued by the New York State Banking
Department. During the same period
the deposits of these institutions show
gain of s4s,2S4,623, the total being
S2,494,615,124. In February ninety
three companies reported while in June
there were ninety-six trust companies
under the supervision of the New York
State Banking Department.
The following table shows the con-
dition of the trust companies at the
close of business on June 20, as COM
pared with their condition on Febru-
AIRY % last:
RESOURCES
June 20. FEB. %
New-York tribune., 1917-07-23
Rehexes of War

Summer time has now been intro
duced in Russia, starting from July 1.
1t is calculated that it will mean in
Petrograd alone n monthly saving OF
800, 900 tons of coal.
New-York tribune., 1917-07-23

Owing to lack of coal in Denmark,
which has already caused the limita-
tion OF railway travelling, the Ministry
of the Interior has now further author
lied the state and private railways to
make restrictions as to the kinds OF
goods to be carried.
New-York tribune., 1917-07-23
THE prILMAS COMPANY

DIVIDEND no w. -, 80
ou.--c-ly dlvidead of tuo dolHs ,sgoid-, 4
vii Sc pait August 18Th. 1917. 70 ,,.
rec1rI A. close y business July s.,l ~ is-tr1
Chicago July 20th. 1917.
New-York tribune., 1917-07-23

cent more than the exports o. -, -.
The growth last year in ne 20 sv,1 noe g
which amounted 20 soy .''Io,v.s.,,.s
against s395,254,0 900 in 1919, fep';.ir. h.
chiefly the remarkable increase
The most important contributor 4,
the Russian market in 1915 wes. s.,,,,
T-rited Kirrdom and the United SET ,s,i
An extraordinary increase over
(4735 per cent? was MADE to,s;gs
whose energetic canvass OF 49, a.
markets since the war s'ar'eu rel S
tracted attention in Russia; !"
in South Africa ard Australia ,a,S IL,
In relative increase over .i.ts III,
United States takes second plSsSr,riss
percentage being 252. other eo-.s 3.
that showed a remarkable gfos. 1913
sales 20 Russia between 1918 snJ "a psr
are the following: Sweden IT'riss
cont. Finland, l57 per cent; the D"i .,i
Kingdom. 1913 per cent; Nor"''
France, each IS per cent.
Machinery Largest Item
As might be expected, ,hs he s'' wei.
imported in largest qusih'''.oe,, .o,nsc.t3
those directly or indirectly eOIr co sppr
with the war. Machinery ,ns snu vs'
ratus. the largest item IN Ss'Ts va nsr s,ri
sos. .O00), represented only % ,sis, bs;
of the quantity imported in 1910
20 per cent of the value. ,or VS.
The average price per sho,s h,e,s rs
s2sl in 1913 and $500 IN isy gy;nsdos
United States and the unlteo machis.
were the sources Of the largess sssr,, !;
cry imports. their respsetnINvoe nNo ,~ns. S
1915 being 27,000 aud 2S,OVV ~ ~ psps
The shortage ard high priee, ,vvs,e.ssi
are reflected in the greatly ,stb ssi
quantity imported in oo,n reyss'
1915 $4,000 and 2S6,Vov .s .oNS noo tors $
lively, as compared with iozyvSs i,s yslus
isisj and the exceedingly ,nsnrta
tion placed upon the 1910
New-York tribune., 1917-07-23

be submitted to him for approval
so that he may keep in close execu-
tive touch with the business, not with
any idea of restricting the enterprise
Of his subordinates.