davidaulloa/AmericanStories huggingface dataset:
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1917-08-12
Kaiser Indicted.

MERIDIAN. Miss, Aug. 11.-Cpon
the sworn testimony of Representa-
tive w. w. Venable of the Fifth con-
gressional district, who was sum-
moned to appear before that body. the
Laudcrdale county grand jury today
returned an indictment against EN-
peror william of Germany, charging
robbery, arson, murder. plotting.
bribery and conspiracy. "all against
the peace and dignity Of the state OF
Mississippi.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1917-08-12
Eiyht-lIOur Day Urged.

SEATTLE, Wash. Aug. 11.--Secre-
tary OF War Baker, acting for the Ma
ticnal Council of Defense. urged in
kilograms today acceptance of the
eight hour day as basis for an agree
ment between Pacific coast lumber
men and their striking employees.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1917-08-12
ATTENTIONS! A

Successful candidates for sec
ond officers training camp, who
desire to put in preliminary drill
work, preparatory to training at
Leon Springs, are requested to
meet in the old high school
building at $3.50 o'clock Sunday
afternoon, when n class will be
organized and n drill master Sc
lected.
JIM PILKINGTON,
GEORGE KISKADDEN.
l.. B. MYERS.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1917-08-12
Morgan Would Prevent
Suits Against Soldiers
World Washington Bureau.


7o4 Metropolitan Bank Building.
WASHINGTON, Aug. 11.-Dick T.
Morgan of the Eighth Oklahoma dis
trict has introduced n bill in the house
which prohibits bringing suits against
soldiers and marines.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1917-08-12
Accepted

The following registered men were
passed as physically fit for military
duty yesterday by the examining
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1917-08-12
ICE AND MILK FUND,

And still the checks are COM
ing In TO swell the more than
s1.100 raised thru the Tulsa
Worlds Milk and ice fund. Since
last report the following dona-
tions have been received;
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1917-08-12
THE WEATHER

TULSA, Aug. l1.-Temperature:
Maximum 80. minimum so; south
winds. part cloudy.
OKLAHOMA FORECAST: Sunday
generally cloudy: Monday thunder
storms.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1917-08-12

They have promised TO keep tho
switching engine whistles silent and II
something could be done abou, the
people that gang up in the moidle Of
the sidewalks and visit 1t would be
pretty fair town. GOSH
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-05
Money and Credit

Despite further shifting OF banking
funds due 20 additional withdrawal OF
government deposits, a liberal supply
Of call money was available at the
Stock Exchange yesterday, where the
ruling rate was per cent, compared
with s per cent on Monday. A small
amount OF money was placed on 3
ue- cent basis. The current quotation
COMPARES with q high Of s per cent
reached during the furry last Friday.
Brokers recalled yesterday that 1t was
Just year ago when money market
squeeze took place which rent the rate
for call money at the Stock Exchange
20 10 per cent. the highest level since
1912. That furry occurred on Monday,
Decembe. 1. and followed reduction
in bank SURPRISES at this centre TO the
danger point. causing banks hurriedly
- call loans.
business in h1sd date loans wss al
most at n standstill yesterday. Oner-
ings were light and the demand was
far below normal Rates showed no
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-05
Kennecott Copper
Dividend Is Cut
To ST. a Share
Company's Earnings Are Re
ported Satisfactory-Di-
rectors Conservative

Directors Of the Kennecott Copper
Corporation yesterday declared a quar-
terly dividend Of 81 share on the
2.7s6,9s6 shares outstanding, compared
with quarterly rate of $3.50 share,
which has prevailed since June, 1916.
This il the first dividend reduction
made among the more important cop
per producing companies in the last
two wears or so. The action of the
Kennecott directors. Stephen Birch,
president, stated, was taken, notwith-
standing the fact that the earnings OF
the corporation have been entirely sat
isfactory. and its financial condition
is excellent" It was prompted, he said.
bv the belief Of the directors that, on
account of the uncertainties of the
future. they should pursue an espe-
cially conservative policy at this time.
The dividend Of 81 is for the quarter
ending December 81 next.
In view of the reduction in the Ken
necott rate dividend, meetings OF the
porphyry companies scheduled for to-
morrow are awaited with much interest
in Wall Street. The latter group in
cludes the Utah, Chino, Ray CONSOLE
dated and Nevada Consolidated COM
panies.
The Kennecott company is now
credited with owning more than 6OO,-
900 Of Utah shares, Of which l,62i,490
are outstanding.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-05
The Dominant Position

The dominant position of the United
States is recognized by all the belliger-
ents. Financially we have accomplished
more within a shorter period and with
less disturbance than would have been
dreamed possible three years ago. Ma
tionally, we have taken longer strides
toward a common goal within the past
six months than we had previously
taken in a half century. For the wheat
farmer, the coal and copper producer,
and the steel maker, maximum prices
have been fixed; upon the distiller an
absolute embargo has been placed; the
miller and the baker, as well as the
retailer of foodstutfs doing a specified
minimum of business, are required 20
operate under license; our export trade,
even to the shipment Of gold and cur
rency. is under strict regulations; IN
precedented war taxes have been I'M
posed upon profits and the base Of tax
able incomes has been broadened Bank
ing and railroading are being national
lied as never before. The eNlgency OF
war is producing "a solidarity OF indl-
vidual and corporate interests through
out the world that is beyond the
dreams of Socialism. There is no
danger. however, that the world VIII
retain war emergency measures that
NAV impinge individual liberty or sup
press individual initiative day longer
than is necessary 20 restore desir-
able peace Peoples National Bank
of Pittsburqh.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-05
Relevant Facts

United States Steei.-The common
stock bore the brunt Of yesterdays
heavy liquidation in the last hours
trading. On transactions Of more than
10000 shares it closed at S71s, the
low price Of the day and new low
record for the year, not taking into
consideration the regular quarterly
dividends OF ~ per cent and 3 per
cent extra that came off the price OF
the stock last Friday. The explanation
for the selling was the reference IN
the Presidents message TO the likeli-
hood of further price fixing.
Reading Company.-Gross receipts
for October amounted to s5ss,322,
against S579,O22 for the corresponding
month a year ago. Surplus for the
month was SS7,s37, compared with
si14I74 in 1916. The decrease of s26,-
337 was due TO an increase OF s36,l9l
in the item Interest and taxes as
general expenses dropped from SS,O3o
10 s7.4s4. The income Of the Reading
Company is derived largely from us
ownership i'm the securities Of the Phlla-
delphia & Reading Railway, the PhiIa-
deiphia and Reading Coal and Iron
Company and the Central Railroad OF
New Jersey.
International Mercantile Marine
Following the action Of the directors
Monday in declaring cash distriou-
ton Of $40 share on account OF the
back dividends on the preferred stock,
this issue opened yesterday at 924 to
90. off 3t4 points at the lower price.
A subsequent recovery carried the quo
tation up to 94L but in the afternoon,
when the whole market turned weak
after publication of the Presidents
message. the stock dropped back TO
9O7s. and closed at 81, net loss for
the day Of ) points. The total turn
over was in excess of $4,000 shares.
Chicago. Rock Island & Pacific
meeting of directors is scheduled to
take place in the financial district to-
day, and it is understood that the ques-
ton of declaring an initial dividend on
the two classes OF preferred stock VIII
be discussed. Some OF the more I'M
portant stockholders are said TO take
the view that because of the ,uncer-
tainties in the railroad outlook the
matter of dividends should be held IN
allowance The Rock Island issues yes
terday were conspicuous for their
weakness.
November Copper Pfoduction.--The
preliminary figures OF November out
put of the porphyry copper producers
compare with October as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-05
Taxation Now Is
Less in Proportion
Than in 1866
Each Year of War, Banker
Says, Means Five Years of
Extraordinary Levy

Taxation is proportionately less to-
day than it was in 1866, according to
J. Rattray. Of the war and income tax
department Of the Guaranty Trust
Company Of New York, who addressed
the Credit Mems Association OF New
Haven last evening. During the last
wear of the Civil War sl.SO0,O0O.O00
was raised without resort to a foreign
loan This was hailed as an unparal-
leled triumph Of financial strength.
at that time" said MIR. Rattray.
"the estimated wealth of the United
States was about s25,000,00 5000. as
compared with $3.50, 900 10000 in 1917,
SC that IL we multiply these figures by
ten we should obtain an amount COM
parable to present conditions. On
similar basis the cost TO US of the pres
ert war for period Of six years would
be about S40.000.000 900, and taxation
would amount 10 about $1,000, 100000
per annum. Including loans to the Al.
lies, our total indebtedness is now
about $4,000. 900, 900. and the add.
tional taxes provided for in the war
revenue act Of October 3, 1917, amount
TO. approximately 100000, 900, which
IS in addition to about 81 900 900 900
formerly raised under oUr revenue acts.
I'm addition TO meeting some Of the
current expenses of the var. taxation
must provide for interest charges on
and amortization Of our Indebtedness.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-05
Continental Can Pays
IS Per Cent in Stock
Action of Directors Causes
Shares of Company to
Weaken

Directors of the Continental Can
Company declared yesterday a stock
dividend Of 80 per cent on the common
shares in addition to the regular quar-
terly disbursement of IL per cent.
The quarterly dividend Of IA per cent
was also declared on the preferred
stock.
The statement issued in connection
with the stock dividend on the common
said:
"The earnings of the company for
the first ten months of 1917 are far
ahead OF 1916 and, together with the
surplus on January 1, 1917, amply war
rant the declaration Of the 80 per cent
stock dividend
The Continental Can Company has
S50O5, 900 of per cent cumulative pre-
ferred stock outstanding and 100000
600 of common. Last year the COM
mon stock sold from Is TO III. The
high price this year was 1907 and the
low rs. Yesterday the stock sold OF
Az points 70 80 on the dividend an
nouncement.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-05
Current Comment
Hasty Legislation

Through stress and excitement incl
dental to the war, it is to be expected,
according to the American National
Bank, of San Francisco, that a number
Of unwise laws will find Judgment upon
our statute books, but sober judgmen;
is likely to give way at such time
before the insistence of the demagogue
or the hysterical shouting Of the un-
thinking. =,
"The forerunner of such legislation"
the bank says, ais already in evidence
in the so-called moratorium and sol
diers' and sailors acts. recently passed
by several state legislatures. That
France, in her dire extremity. needed
such legislation is not TO be que5-
toned: large part OF her country was
invaded and property rights, for the
time being, in such territory were un-
certain or valueless. Our own position
is in no wise similar, however, and
moratorium or other laws affecting the
operation or enforcement OF existing
statutes protecting the rights OF cred
itors cannot fail to work great hard
shin TO our entire business community.
There may, and probably will, be a fair
percentage Of cases of drafted men who
will suffer through advantage being
taken of their absence from home. II
so. their loss will be deeply deplored by
all right-minded citizens, but the pos
sible embarrassment of the few should
not be made the excuse for intilcting Il
greater embarrassment on the major
ity. including many Of their brothers
in arms. The effect Of moratoriums at
this time is but little less than the
placing of a premium on dishonesty
and it is to be hoped that the states
which have enacted such legislation
will shortly repeal il"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-05
Raise in Rail and
Lake Rates Deferred
April q Set as Date for East
ern Roads to Make
Increases

WASHINGTON, Dec. 4.-The Inter
state Commerce Commission to-day de-
ferred until April 4, 1918, the effective
date of proposals of the principal trunk
line railroads east of the Mississippi TO
raise Joint rail and lake rates to the
level of all-ral rates. Investigation Of
the entire water competition situation
on the Great Lakes will be made mean
while.
Increases in freight rates OF iron and
steel articles ranging as high az 30 per
cent were allowed TO Western rail-
roads to-day by the Interstate Com
asked TO cancel commodity rates and
apply fifth class rates, which would
have caused increases varying from ~
to 80 per cent. The commission held,
however, that these were too high. and
allowed varying scale OF increases
ranging up to 30 per cent Of the hith
class rate.
The new rates, which may be filed
shortly, would apply principally from
Chicago, Peoria, St. Louis, Kansas City,
Minneapolis, st. Paul, Duluth and Mis-
sissippi River crossings TO various
Western destinations.
No increase is proposed in present
rates from Chicago to St. Louis and
other west-bank Mississippi River cit
les, and the commission specifies that
the new rates must not disturb the
present relationships in commodity
rates from Kansas CITY and St. Louis.
Shippers Of Western territory had
protested quite generally against the
proposed increases.
Applications for increased rates on
livestock in less than carloads east Of
the Mississippi River were denied to
day. but permission was given to make
new minimum rate rulings, when
would result in small increases.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-05
The Dollar in Foreign Exchange

For the first time in weeks sterling
exchange displayed slightly easier
tone. London sight drafts being quoted
at s4.75ls. decline of Is from the
previous day. Offerings Of sterling
bills were somewhat heavier, although
the decline was attributed rather to
the tighter money situation in this
market.
Exchange on Italy continued its re-
coyery, rising to a rate Of 7.9S IRE ~
the dollar, against sos on Monday'
Scandinavian rates were easier, with
Swedish crowns off q at 3612 cents.
SPANISH pesetas we're higher at 2j.''
cents.
Closing rates yesterday, compared
with a week ago, are given IN the table
below. American bankers have sus,,
nended all dealings in German and
Austrian exchange. so that daily quota
tions for either marks or kronen are
no longer available.
,n--..I L. IIara 4 An he Mound
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-05
Dividend Changes

The Hercules Powder Company yes
terday declared an extra dividend OF 8
per cent on the s7150,0OO common
stock, in addition to the regular quar-
terly disbursement of 2 per cent. Inc
previous extra dividends have been :
per cent quarterly.
Directors of the Western Canada
Flour Mills have declared a stock divi-
dend of 10 per cent on the common
shares; also the regular quarterly divi-
dend of > per cent, payable December
rs to stockholders Of record Deem
Der >.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-05
Other Cities

Lake Ore Shipments Heayy.-DE-
TROlT. Dec. A record for the
month of November in the movement
of ore from the Lake Superior district
was established last month, when the
cargo carriers on the lakes loaded T.
33l.sOi tons, according TO figures just
issued. This is an increase over No
vember a year ago of l,6l6,35l tons,
and brings the seasons total to De-
cember up to slightly more than
81, 100000 tons. The seasons total
however is, approximately, 100000
tons less than for the corresponding
period last year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-05

The additional taxes provided for would
be sufficient TO iiquidate IN ten years
the principal and interest Of about
$40 900. 100000 Of indebtedness. As
our expenditures in the first year Of.
the war amount TO about one-half Of
this sum, it appears that for each year
we are at war we must be prepared %
support extraordinary taxation for a
period Of five years. \ comparison
with the figures Of 1866 will show that
in proportion TO our resources we are
putting forth less of our maximum ef-
fort now than we did then"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-05

Many statistical exhibits have been
presented to show the extent of the
prosperity enjoyed by the American
people in the last two years, but none
of them are so striking as the income
tax figures. issued the other day by
the Commissioner of Internal Reve-
rue. The increase in the number of
taxable incomes in the fiscal year
1917. compared with the fiscal year
1916. which was itself a period Of
great prosperity is remarkable. In
the last year the number of incomes
between $4,000 and $4,000 increased
about "a per cent, the number be-
tween $4,000 and 100000 increased
SO per cent, and the number over
100000 increased 81 per cent. These
figures give ample explanation for
the imitation of prices, which are now
about 100 per cent above the pre-war
level. for ordinarily the only limit to
demand is the purchasing power of
the people, and their purchasing
power last year was obviously great
er than ever before.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-05
Canadian Pacific Earnings

MONTREAL. Dee. Preliminary re-
turns Of the Canadian Pacific Railways
gross earnings for November show that
new high record for any month in
the eompany's history has been estab-
lished. The weekly statements for No
vember give gross OF sl4.942.O0O. and
(. is probable. when the usual adjust
ments are carried. the monthly state
ment will top slb,o0o,Oo0 by good
margin. The previous record for a
month was sl4.733.774
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-05

Were it not for the fact that yes
terday's dealings on the Stock EX-
change were almost wholly Of a pro-
fessional character, the sharp break
which occurred in the last half hour
OF what had previously been an eX-
tremely listless session would have
been disturbing; but the reaction
caused no excitement, and except for
the possibility that the slump may
induce some liquidation it lacked
significance. The demand for stocks
is light, and when traders put
an unfavorable construction on that
part Of the Presidents message re-
lating to price fixing and began Of
fering stocks, support was so thin
that a break was inevitable. The
President said, in effect, that addi-
tional measures must be taken to
prevent profteering. There is moth
ing in that which should disturb
stock values; the tendency for
months has been in that direction.
Many industries are already operat-
ing under close price control, but in
the main the government has taken
a liberal attitude. Besides, the mar
ket has already discounted price fix
ing, especially in the steel and copper
trades. Yet United States Steel
common sustained a net decline of
49, points, while Bethlehem lost 3
points and Republic Iron and Steel
l5s. Copper shares were uniformly
weak, though they also discounted
price fixing weeks ago.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-05
Elections

Stephen Stephano. Of Stephano
Brothers. has been elected director
Of the Tobacco Products Corporation,
increasing the directorate from nine TO
ten members. L. b. McKitter;ck. vice
president of the Tobacco Products
Corporation, has been elected chairman
of the executive committee, in place Of
Daniel G.. Reid.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-05

The condition of the bond market
is strikingly illustrated by the calcu-
lation of an investment security
house At current prices nineteen
listeu ponds, of a total par value Of
$4,000, may be purchased for Sl2,-
600. to yield an average Of S.O4 per
cent if held to maturity, while even
if seven of the bonds should be de-
faulted and become a total loss, the
holder would still get back the $l2,-
600 invested, with interest. The Sc
curities on which this calculation is
based are highly speculative in char
acter for the most part, but it Is
nevertheless a fact that they have
not suffered much more, relatively,
from the recent drastic liquidation
than gilt edged bonds.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-05

The extent to which the congestion
of traffic has impeded the movement
OF freight is clearly indicated in the
report of the Pennsylvania Railroad
on the movement Of freight cars past
Lewistown Junction. In the first
three weeks Of November there was
decrease, compared with the cor
responding period last year, of 16.2
per cent in the number Of loaded cars
passing this point, decrease of Z5.5
per cent in the number of empty cars
and decrease Of 20.3 per cent in the
total movement. Part of the decrease
in the eastbound movement was in
the number of cars carrying bitumi-
nous coal, but most Of it was in other
classifcations. The figures would
seem to foreshadow an unfavorable
November report for this system.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-05
Current

The above rates express the cost of
foreign money in terms of the Ameri-
can dollar You buy an English pound
sterling at. say. S4.75Is. The intrinsic
parity is s4.sGSs per pound. Thus. you
say either that pounds are at discount
or that dollars are at a premium, which
is owing 10 the fact that in England
the demand for dollars with which to
settle accounts in this country is
greater than the demand in this coun
try for pounds with which TO settle
accounts IN England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-05
Christmas Demand for
Small Coins Anticipated

WASHINGTON. Dec. within the
last month 77.5O0.O0O one-cent pieces
have been coined TO relieve the penny
shortage caused by the imposition OF
war taxes. The usual swollen demand for
small coins for holiday shopping has
been anticipated in the coinage Of 49,
700 900 dimes and 100000 uickels.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-05
Memphis Exchange Stops Future
Tr,din1 in Cottonseed Neal-MEN-

PHIS. Tenn, Dec. 4.-Directors of the
Memphis Merchants Exchange aE-
nounced to-day that future trading N
cottonseed meal on the floor OF the
Memphis Exchange had been discon-
tinued for the period Of the war. This
action, it was stated, was taken at the
request Of the Federal food admins
tration as means of eliminating
speculation.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-05

Commercial Paper.-Light buying OF
commercial paper was reported yester-
day. Rates were maintained at 5h per
cent for four months and 5i2 per cent
for six months.
Official rates Of discount for each OF
the twelve Federal districts are as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-05
Dividends Declared

Todd Shipyards Corp. Regular quarterly
dividend Of $l.75 share. payable Decem.
Der 20 10 stockholders OF record December 10.
Kelly Springfield Tire Regular quarterly
dividend OF $3.50 a share on the 6 per cent
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-05

change. Loans on industrial securities
were quoted at 5s4 TO per cent for all
maturit.es.
Ruling rates for money yesterday,
compared with a year ago, were as fol-
lows:
Nnstcrdar Nnnr 400