davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-22
GOULD ROADS SOLD
UNDER THE HAMMER
Control Passes Through Fore
closure to Kuhn-LOeb Interests

st. Louis, Feb. q. - The Missouri
Pacific Railroad and the St. Louis, Iron
Mountain & Southern Railroad were
sold under foreclosure here to-day to
L. p. Nelson. representing the reor-
.auization committee. and Duncan A.
Holmes. of New York, representing
Kuhn. Loeb & Co. The sale, 1t was
stated in railway circles, marked the
Passage of the Gould interests from
control of the Missouri Pacific system.
The Kansas e. Colorado Pacific will
be sold at foreclosure at Topeka Kan,
next Friday, presumably to represen-
tativcs of the same banking firm. The
three roads then will be formed into Il
single corporation.
While the lines have been operated
a. one system for several years, the
Missouri Pacific and Iron Mountain had
separate directories. The Missouri
Pacific was sold for S16,150,O0O. The
IRON Mountain brought $23 500, 900. Re-
organization plans already have been
approved by the Missouri Public Ser
vice Commission. United States Circuit
Judge Hook, Of Leavenworth, Kan, is
expected 20 confirm the sale next month
The prices bid to-day were the mini
mum amounts acceptable to the Federal
Court and there were no other bidders.
The minimum price fixed by the court
TO- the Kansas & Colorado Pacific is
$9O.SOO,OOO.
Under the reorganization plan the
Missouri Pacific is to have a total CAPT.
talization of $685., G42, 600, and the stock
Of the Missouri Pacific and of the Iron
Mountain is to be assessed $50 share
The Missouri Pacifc-Tron Mountain
system went into receivership in Al
gust. 1915.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-22

Of money. Apparently the more i'm
portant of these two is, even in Europe,
the growing abundance of money 10
put it in nutshell, the whole world
is now suffering acutely from war IN
flation. In belligerent countries this
imitation has been chiefly in the form
Of paper money issues, while in neu-
trail countries it has been chiefly IN
the form of gold imports. The gold
flowing to neutral countries, like
Sweden and the United States, is gold
displaced by paper money in bellig-
crent countries and attracted to neu-
trails because the belligerents could
not export other goods than gold.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-22
NATIONAL BANKS IN 1916
EARNED $17O,O00,0O0 NET
Equal 10 Over 10 Per Cent on Capital
and Surplus


Washington, Feb. 21.-NatiOnal banks
during the calendar year 1916 showed
the largest earnings, both gross and
net. ever reported since the OrganlZa-
ton of the United States national
banking system, half century ago.
Controller Williams in a statement
tonight placed the aggregate gross
earnings of the banks at $600,0000OO,
as compared with s52S,O00,OOO for the
fiscal year ended June 80, 1915. He
said the net earnings for the calen-
dar year ended December 81, 1916
amounted to S17O,OO0,OOO, an increase
Of S43.OOO.000 over those for the fiscal
year ended June so, 1915.
"The gross earnings for the last SIX
months of 1916" continued the Con-
troller's statement, "were at the rate OF
S62s. 900. 900 a year. while the net earn
ings for the same six months were at
the rate of 1885,, 100000 per annum, or
29.5 per cent of gross earnings. Dur
ing these last six months the national
banks of the country have earned at
the rate of over II per cent per annum
on their entire capital stock and over
10 per cent per annum on their COM
bined capital and surplus.
"These highly favorable results have
been coincident with "a radical reduc-
ton in the rates Of interest charged
borrowers in all parts Of the country,
in the larger cities as well as in the
rural Districts
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-22
TARDY BUYING OF CARS
HANDICAPS THE RAILROADS
Pressed Steel Car Company Reports
Big Deliveries to Russia

Big Deliveries to Russia
There is little prospect of an early
relief in the freight car supply situa-
ton. which is proving so embarrassing
to business at present. from delivery of
new cars. This is made apparent in the
statement of President Hoffstot, of the
Pressed Steel Car Company, in the an
nual report issued yesterday. Mr.. Hoff-
slot said that domestic buying of cars
dropped of early in 1916 and was not
resumed until the latter part of Sep
TENDER. At that time a great wave Of
orders developed, and as result the
total number of car orders for the
company during the year was greater
than in any twelvemonth since 1905.
The majority Of these purchases were,
however. made too late TO be of much
benefit TO the railroads before the sec
end half of 1917. when deliveries in
large numbers will commence.
Regarding foreign orders Mr.. Hof
slot said: shipment Of the Russian
cars. which was delayed owing to clos
ing of the Panama Canal. inability to
secure vessels, freight embargoes. etc,
was completed during the year. Tho
cars are now in operation in Russia
and giving entire satisfaction, and as
money and the necessary vessels be-
Gene available other orders for cars
Cor Russia have been and will be
placed in this country. Notwthstsnd-
ing labor and material prices have ad-
vanced to a higher level. and there
should result from these conditions a
slowing down Of demand, we feel con-
fGent domestic business has gained
such impetus that there will be in
creased demand for equipment both
home and abroad. regardless Of an IN
mediate or delayed peace in Europe.
We are led to believe that If peace
comes soon there will be an increased
demand for replacement of rolling stock
abroad so as to put railroads there m
position to serve quickly their indus
tries. and to do this will require an
ample number of new car units"
The comrany's statement for the year
ended December ~ last shows gross
sales of S3l,2O2.646. compared with
Ni.492.62l in 1915 and sl3,S75,O9o IL
1874. Net profits amounted to s3,oel',
i52. against Sl.324,Sl5 in 1913 ana
$s92. 1851 in 1914. The balance OF 81
S76.t52 was equal to 1901 per cent
earned on $l2,O00,0Oo common stoIt'
compared with 3.59 per cent on ,T w.
same stock the preceding year Inc
directors were reelected
Canada exported during the year ehu,
ed August. 1916. 5000, 900 barrels. OF
-four, which is record, as against ics ,'
than 5000, 200 barrels in the previous
year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-22
Relevant
Information

New England Telephone.-The COM
pany's report for 1916 shows operating
revenues of $2O,971,273, a gain of So
486,449, or about II per cent, over
1915. The balance available for div
idends was S4,251. $50, equivalent to
1853 per cent on the S55,295,O0O out
standing stock, compared with 7.16 per
cent earned on $fI346,0OO in 1915.
The increase in the number Of tele-
phone stations last year was 46.6S9.
Southern Pacific. In addition TO the
order for twenty-four freight locomo-
tives and nine switch engines. recently
announced, the Southern Pacific has
just placed orders for 600 oil tank
cars, to be delivered between June and
December, 300 for the Pacific system
and 800 for the lines east of FL Paso,
also 1876 drop bottom gondolas, to be
delivered in June. In the company's
own shops there are to be constructed
1000 box cars for the Pacific system
and 1000 box cars for the lines in
Louisiana and Texas, 500 fiat cars for
the Pacific system and 100 fiat cars
for the Louisiana and Texas lines. and
700 stock ears.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-22

We are inclined to laugh at the
annual reports of British stock COM
panies, which always contain a copy
of the presidents address, literally
irtorspersed with (Hear! heard,
(BravoD, Oaughter) and finally
prolonged applause) from the
shareholders. But if more of that
sort Of enthusiasm were displayed
by American stockholders fewer
companies would go on the rocks
through mismanagement.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-22

can dollar. You buy an English pound
sterling for S4.759s; the intrinsic par
ity is $4.S6Fs 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 to settle accounts in tnis
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, 1917-02-22
News Digest
Foreign

Money Firmer Abroad. London. To
21.-The stock market was quiet 70
day. There was fair strength " rub
Der. oil and shipping shares and Iig
anese bonds, but investment s'ei'
showed irregularity, owing to the W
certain money outlook. Consoli o.
clined a fraction and Argentine nih
we're weak. American securities sU'
idly steady.
Money was in moderate demand .
AZ per cent. Discount rates Se'
frmer at 51s@jh per cent, in snticP'
ton of tighter conditions wher n
banks make payments IN connec'N'
with the war loan at the end Of y
month.
The firmness of Dutch exchange 1
London is attributed to the remltl'f
Of funds from Holland to America. VI
weeks revenue returns. which were q
nounced to-day, included the hrst y, "
loan receipts, amounting 70 t5Z4S'
600.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-22
Wednesday, February II, 1911.

Everything seems to indicate that
Germany's attempt to starve the Al
lies into submission by ruthlessly
summarizing as many merchant
ships as possible will prove unavail-
ing. But though it will probably
fail so far as the main object Is con-
cerned. it has had the effect of ma
terially increasing the cost OF sup
plies to England, France and Italy.
Clrrent rates for war risk IN
surance to European points are
about 10 per cent, whereas before
the submarine campaign was
launched the rate was from A to .
per cent.
A hundred pounds Of American
wheat -four of a standard grade
costs about $3.50 at wholesale IN
New York. The war risk insurance
adds no less than 45 cents to the
cost, while the charge for transport
ing flour to Liverpool is now about
70 cents hundred pounds, the two
items thus adding about S1.2O to the
cost delivered at that port. Nor
mally the cost Of transportation and
insurance are but a fraction of that.
One reason why marine war FISK
rates are so high is that the restora-
ton of peace will cut off all pre-
MUM income and so make it impos-
sible for underwriters to recoup
losses. In fire insurance a disaster
such as the Baltimore fire is met by
the companies out Of the premium IN
come of a long period of years,
whereas in the case of war risk in
surance rates must be high enough
to provide for the payment of losses
out of current premium income.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-22

Silvcr.-Bars in London, 37a pence;
New York, 775s cents; Mexican dollars
so cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-22
Money and Credit

A slightly easier tone developed IN
the money market, although there was
no relief from the dulncss that has
characterized the trading for the last
fortnight. The trading rate for sixty
and ninety-day loans based on mixed
collateral was per cent, against ! to
a. per cent previously. Quotations
for four, FIVE and six months funds
were ! to ~ per cent, compared with
4 to AZ per cent heretofore. Mixed
collateral loans range fractionally
higher.
At the New York Stock Exchange call
money was in liberal supply, and the
majority Of the days demand loans
were placed at 2ia per cent, the same
rate as rcvailed Tuesday.
Ruling rates on money yesterday,
compared with a year ago, were as FOL
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-22

1t has been suggested that the is
suance Of quarterly reports by the
Republic Iron and Steel Company
might have an adverse effect upon
speculation in the stock. 1t might,
indeed; but the kind of speculation
which depends upon rumor instead
of fact had better be abolished any
way, if that can be done. The fact
is that one of the greatest evils, so
far as the public is concerned, is the
lack of authoritative information
about the companies whose stock it
holds. Things are improving in that
direction, but there is still much to
be done, and the management of the
Republic company should be highly
commended for it's action.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-22
Commercial Paper.-Somewhat mo

activity was noted in the commercial
paper market. Banks are showing more
interest in offerings and there Is more
paper moving. Rates for prime regular
maturitics are unchanged at Az to Az
per cent. i
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, 1917-02-22
Elections

Stockholders of the New England
Telephone and Telegraph Company AT
their annual meeting yesterday elected
Henry d. Sharpe and Joseph A. SKIN
ner directors. to succeed Edward h.
Hall. resigned, and the late Henry ,.
Hyde.
The Consumers Company. 1t was an
nounced yesterday, has elected the ioi-
lowing directors: j. A. Patten, DR.. NJ.
L. Harris. John Burnham, F. G. Logan,
William NJ. Clouse and Milton 5. Flor
sheim.
Newcomb Carlton, president. OF the
Western Union Telegraph Company,
and +. II. Ecker, treasurer OF the Met
ropolitan Life Insurance Company, have
been elected directors Of the Chase Ma
tional Bank.
The Burns Brothers Ice Corporation
al the annual stockholders meeting
yesterday elected william w. Cohen
director.
W. NJ. Coleman has been elected
director of the Republic Railway and
Light Company to fill vacancy.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-22
New York

American Trade Body Organize
London promote Anglo-Amen"
commercial relations the Am''D-
Chamber of Commerce in LONDON >
been formed. The need Of an o'E.
cation of this kind in London mas ~
particularly urgent since the 0'''
of the European war.
, G.. VI. Cassatt, director for kuIor
the Remington Typewriter CC el. =
has been elected president OF ws
chamber. and Wilson Cross, diree~.
the Vacuum Oil Company, yiee'I,.
dent. The board Of directors H. ~
W. Sloane Accles, Of the NileSgOsTE
Pond Company; r. n. Caoel,, W.,
mour & Co. Ltd; K. VI; 0D.nLL n
The Associated Press; +. +. Diss~
the United States Rubber CompSII.,
Grant Forbes. Of the Americas 10!
national Corporation; Clsrenotc . y"
OF Raymond, Pynchon & o.; IN. ~
$. Hall. OF the Swift Beer 'v,Tigc|
Ltd: Howard $. Harrington, q
rington. Bingham & Englsr; I. - -,
nj The Briti sh-American Tobacco ' N
many; Frank W. Libby, OF me
Overland. Ltd; George A. SGo~,,:l
the Sturtevant Engineering JD.l,tr
lid. +. r. Powell, Of the ANY, &
ican oil Company, Ltd; R. r ...rt
S Ia Of the Baldwin Loe' b
w. w. and Henry ". Thornton, h
Great Eastern Railway INV a y
Times" says the forrn ..lost;ng g
chamber is the most interes.s.b.F
mercial development since '"'
ming of the war. II
stool Exchange Seats LOseI. ~
olo' ~ SIock Exchange mes
sbins were sold yesterday. !, va IA ~
inc SOS. 800 each and Two so, $50
The last previous sale pal
Howard p. Armstrong. WIZ 10
iower nrice for his seat, gy'' ,,ns
~" ~ hoard" from the CORE K,1e
r g's Re- buvers were John I, ,.,i
inc or"I y d. d. Cordova and An'i
Dabney. George A. Dixon. Jlssnss
elected a member Of the eN'
New Jersey Zinc Go. DS' d =
mo black iron zine mll ~, srsn
GIN. Col. owned in part 9y ~. va ~
can Zine Company. OF .Noe Sa9 .
has been purchased Tor 49, g;ne Cssrssss
and lease by the Empire H'o 81 h N
of Colorado, subsidisi! yas k,I1 /
Jersey Zinc Company; u :. -
Yesterday. J. A. Van Nat Csooapsry,
Of the New Jersey Ems ,o W. vas ~
serted that the trsns ,.ssy eorpOn'
tuesday. The New Jersey "co "
IS capitalized at sS5,oOV'VVV'
More Westinghouse s,os 81 ,ss
The governing committee sSs.,srsa
proved the listing 81 ~ Inc wsfss
tional common siosS ,nnfacturine
pany. 49,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-22

The London Stock Exchange IS
asked to close for one day each week
50 that members may do work of ma
tional Importance. In the event of
war, members Of the New York
Stock Exchange could do all the
work required of them without clos
ing the exchange if the market were
to remain as inactive as it has been
for the last week or so.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-22

Paris Bourse-Paris, February ~
Prices were irregular on the bou'
to-day. Three per cent rentes, =! i'i.
So centimes for cash. Exchange
London. p francs S2i2 centimes. ~
per cent loan, 81 francs Is centlma
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-22

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, 1917-02-22

Sub Treasury. -- New York banks
gained from Sub-Treasury Sl,22l,OOO.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-22

Cities Service. At the annual meet
ing Of the company, scheduled to be
held April 3, stockholders will vote
upon two amendments to the charter.
One provides for authorization to in
crease the preferred stock from $780,
100000 to $l00,00O,00O and the COM
mon stock from $4O,OOO,OOO to $780,
100000. The other provides for the
ratification of the action taken by the
directors last year when it was voted
that until such time as there has
been invested in the property of Cities
Service Company, or its subsidiaries,
from the earnings Of the company, a
sum equal to the entire par value of
the preferred stock then outstanding,
there shall be no dividends paid in
cash on the common stock in excess
Of per cent, unless the company shall.
for a period of six months, have pur-
chased and retired all preferred stock
that can be purchased in the open
market at 10 per cent OF par or less
The company broke all former records
for earnings in January, showing gross
OF $l,S5i,i49, compared with S663,5i3
in the corresponding month Of 1916.
After deductions for taxes, expenses,
interest and preferred dividends, the
balance on the common stock was ST.
546,353 For the year ended January
81 last the balance earned on the COM
mon stock was equivalent to 4l.il per
cent, compared with 1926 per cent in
the preceding twelve months. The
balance carried to surplus for the
twelve months was s7.57i,29s, nm in-
crease of $5,l33,s42 over the year be.
fore.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-22
Benjamin franklin. say, .

81 wi'e man ~iH dtmt,n,.
than ~bAt he nay GET jath. =.
yo5fry, diJtributt fbcr,fals, a.,
hGVe roEftEfrdb."
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-22
Fractional Lot Servie,

Orders SECUTED in any amount d
Stocks and Bonds for cash.
We carry 10. 20 or 80 share ID,
Of seasoned, safe stocks, dealt m o.
any OF the Exchanges, on marsn
o. the Consolidated Exchsns, a
our o ders, reports and quotation, an
transmitted by signal. afordins b.
Simultaneous service.
Certified accountants statement d
4 ldit of our books published qa,
crly.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-22
DAYS
over Over Over
Is or 10 up coup 90 up

Bank Ciearings.-The days clearings
at New York and other cities:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-22
Wilson & Chardon

Member, Consolidated Siock Escl sngs u X.
So Broadway, New York
Telephone Broad 1886
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-22
A.. Iarsny ZINC Go. By' {,

More Westinghouse s'o ~ tie -.
FSs sSss'% at meeting y sss
proved the listing e. ~ Inc ws,Sas
tional common stosS ,,f.etufire v
house Electric and Nan :.
pany. 49,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-22

Canada exported during the year emu,
ed August. 1915. 100000 harreIs "
-four. which is "A record, as against less
than 5000. 900 barrels in the previous
year.
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1917-08-03
LET US KNOW OUR NEiGhsoRS

The columns Of The Missoulian that
interested us most yesterday We're
those with the views of our citizens on
the hanging of Frank Little. a part
liam a newspaper of real service to
this community is to offer an open TO-
rum for the free expression of all
opinion on matters Of interest and inn
portance to our people. A column for
letters TO the editor has been Sc, aside
for that special purpose. We are
quite sure that our readers desire to
exchange views and that in this way
many problems may be threshed out
with excellen, results. We, too. are
| eager at all times to learn the senti-
ment of the community on the things
of common interest.
We Missoulians have been fated tt
dwell with one another for the rest
able and far more pleasant for all o
us if We may work and live together
in a closely knit community, keeping
the public welfare as the first thought
To our thinking this was never so i'm
portant as at this hour when GU
country is at war with foreign TO
and is besieged within by disorders o
most serious nature, reaching to on
very firesides.
We welcome all discussion that
, aimed at the betterment of the com
munity. Many things will be clear I
our vision with better understandin
of our neighbor.
The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1917-08-03
coNceRN,Mo IDEALS.

In commenting on the affair at
Butte. Arthur w. Smith of Missoula,
organizer for the I. W. W., said in our
news columns:
Little knew the chance he was run.
ming; he took It because he was work
ing. not for pay. but for the sake OF
an IDEAL"
We have no source Of learning Lit
ties ideals save from his public utter
ances. On June l he said to the gov.
ernor Of Arizona: Il don't give a
damn what country your country is
fighting with. I'm fighting for labor.
At a mass meeting of the metal min.
ers at the baseball park in Butte Lit
tie referred to United States soldiers
as federal uniforme~ thugs" and
"Uncle Sans scabs."
II these were the ideals" of Little
we are convinced that the American
people will not accept him as a martyr.
We concede that the creed of the
l. W. W. has ideals and We are ready
to believe that its membership includes
honest. conscientious. though, as We
believe, mistaken men. and among
these, we hope, is Arthur W. Smith.
We would be sorry to learn that Mr.
Smith stands for such ideals as were
expressed by the late Frank Little.