davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-05-06
What Part Shall o. S.
Play in STRUGGLED

in deliberations between British and
French commissioners and United
States officials. Entente nations are
watching every step of this country
with the keenest interest.
1t goes without saying that from
America is expected billions of dollars
to be spent during the remaining
months, possibly years. of the war.
America grants financial aid willingly
and will live up to all the expectations
abroad. for 1t has been specifically
stated in administration circles that
the enemy of any of the entente pow
ers Is the enemy of the United States.
and succor will be extended to the full
est possible limit, no matter what the
financial status Of aided entente power
may be.
1t also generally is agreed that the
United States shall free upon the wa
tiers OF the Atlantic a great fleet Of
wooden MERCHANTMEN which shall be
Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-05-06

/washe that Lord the
ectofa Termination Ithn his limit
FRANKLY do think evd o mtar
rsof thesat of may
leendurn atlasts Ing our now to present
confrm tina ierviw
of
osn sand the sol mlion $50 Il
esevahons cors s for
will ecomngin nlsere
keel the G o
Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-05-06
Provisional Government Goes
Through Hour of Peril Owing
to Outbreaks Against 1t.
DANGER TO NATION
HAS NOT YET PASSED
Troublesome Elements in Council Of
Workmen's and Soldiers' Delegates,
But Cool Heads Control.

play in the great struggle being waged
in Europe?
Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-05-06
Changes Wrought
for Better Russia


PIE front. The food problems of the
government have been met largely and
nuch dissatisfaction has been in a
barge measure curtailed. The fighting
pen of Russia. those units of human
ty long deprived of liberties. even citi-
kenship, under the old order, have en-
Erred into new day. The army has
been made self-governing, and many
privileges heretofore denied the SOL
Hers at the front have been ushered
b. thereby removing the chief causes
bf discomfort prevailing among the
tnen who long were forced to servility
binder cruel masterships. The army, as
! consequence of the reforms that have
been wrought. truly Is republican in
every respect. American methods of dis
eipiine and practice being largely fol-
lowed.
Lenine. the sociaIis. exile. and his fol-
bowers. who. evidently in the pay Of
Germany. returned home to preach the
gospel of peace at any price. evidently
hnve failed In their mission Every
Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-05-06

VIVA. part shall the United States
Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-05-06

stores. the part the army and navy
shall play IN the world struggle still
remains q matter OF conjecture in sol
far a. the people Of tho United States
know.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-05-06

Behind the lines Russian workmen
tre toiling as they never have toiled to
Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-05-06
Jealousies May Be
Cause Of Troubles.

eral classes Of Russian people, the upper
and the lower The council of work
mems and soldiers delegates has been
steadfast in espousing radical policies
of far-reaching character. 1t has been
the exhaust valve for certain elements
which have declared that they should
be the ruling group instead of the
more educated classes now holding the
reins in the provisional government.
II was not to be expected that the
bitterness and keen class hatreds which
grew UP through the centuries of
monarchial rule would be erased in a
upper classes and the workmen and
soldiers Joined hands to overthrow the
car and establish more truly demo-
cratic form of government 1t was but
natural that there should be some
feeling between the two as to which
had performed the greater service
In the task of destroying the monarchy
and which was entitled to the greater
voice in deciding the future destinies
of the nation.
The views of the two classes are de-
cidedly different the more educated
section of the Russian people being
for careful action and moderate policies
until a new government could be firmly
their fountain head in the council of
workmen's and soldiers delegates have
been demanding changes of such
sweeping character as to hazard the
new government and possibly lead TO
the re-establishment of the old mo-
narchial regime.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-05-06
Kalser's Regime Beset With
Increased TroubIes-Target
of Firmer Attacks.
MISUNDERSTANDING
MUCH AID FROM U. S.
French and British Armies Smash
ing on Western Front.
Ahead of Schedule.
BY OLIVER OWEN KUHN.

Will the new Russia live through its
greatest hour of peril?
Will the nation leap from the present
straight and smooth course to paths
which treacherously imperil the Slavic
peoples?
This is the question that is upper
most In the minds of not only large
element of the Russian people, but the
allies of Russia In the present war.
Developments of the past week have
been extremely threatening to the pres
ent provisional government, the over
throw of which has been demanded by
certain factions affiliated with the coun-
ell of workmen and soldiers delegates.
ostensibly the recent note of the pro-
Stsional government to the allied ma
lions in which the firm declaration was
snade that Russia would continue with
her allies until victory had been won
was the cause of all strife. 1t also is
Dtated that there was keen dissatisfac-
fion on the part of many of the Rus
Fian radicals because in connection
with this note of the provisional gov
eminent Foreign Minister Milukoff fail
cd TO set forth that Russia was opposed
to annexatfons and indemnities and
failed furthermore to inquire IL Rus
eia'S allies were not ready to revamp
their terms in order that a ga satisfactory
and early peace might be brought
about.
The situation offered by the revolt OF
certain sections of troops. supported
as they were by many of Russia's ultra
radicals. including workingmen and
anarchists. was really perilous for the
present government. After conferences
with the members of the government.
the council of workmen's and soldiers
delegates decided to support the gov
eminent. There is sharp division of
opinion In the council itself. which is
indicative of the fact that the trouble
Is not completely over and possibly
may not be until some changes have
been made in the personnel of the
ministers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-05-06

Recently cool heads have appeared in
the council of workmen.s and soldiers,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-05-06

lations untold and of determined ma
ture. Any remark the German chan
cellor might make at the present mo-
ment certainly would lead to most pro-
nounced outbreaks from one side or the
other. The Juror of the moment would
have been famed had Bethmann Holl-
veg appeared on Thursday SO soon
after the nation had weathered the
threatened May day industrial storm.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-05-06

In Austria the government. including
the emperor. continues to show the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-05-06
War Certain TO Last Another Year
Unless Unforeseen Accident Should
BefaU German Forces, Saus Expert
NeD Crops and Apparent Collapse of Russa,s Fighting
Force Expected to Give Teuons NeU Base fife.
America Must Play Big Part

By FRANK II. SIMONDS,
Author of "The Great War" "They Shall Not Pass"

Copyright lsl7-1he Tribune Assn (The New
Asst week the thousandh day of the passed quite
before shall observe the third anniversary of the
the that the late Lord Kitchener fixed for the
prospect of a termination within his limit?
Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-05-06

Gen Joffre In eloquent fashion has
urged the sending Of an American army
Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-05-06

The building of ships for transatlan.
tic service is the one big means of solv-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-03
New Japanese Steamship
Line for Argentina

The japanese steamship company
Osaka Shosen Kaisha Osaka hercan-
tile Steamship Company, Ltd, OF
Toxic. has inaugurated regular line
Of cargo steamers between Japan and
Brazil and Argentina, according TO the
American Consul General at Buenos
Avres. It's first vessel the kasato
Maru (6.2O9 tons), is already in ser
vice. and is to be followed by vessels
Of a similar size They will carry
products from Japan and other East
ern countries to Brazil and Argentina
and will make calls at Nladivostok,
Chinese ports, Singapore. Durham and
Cane Town. Large numbers OF Jap
anese emigrants, reported TO have been
contracted for by the State Of Sac
Paulo, Brazil, to settle and COLOMBO
in the coffee growing regions of that
state. are TO be carried TO Santos.
Coffee. woods and other Brazilian
products and Argentine agricultural
produce will be taken on the return
voyage.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-03
Relevant Facts

New Jersey Zinc.--For the three
months ended March 81 last the com
pany reports total income of S6,735,444,
n decrease Of 81, S25,94l compared with
the corresponding quarter Of last year.
Net income amounted to S6,OO6,739, a
decrease Of S2,439,6 Taxes paid TO
the Federal government during the
quarter amounted TO S613.705.
Midvale Steel and Ordnance Com
pany.-Net profits for the quarter end
ed March 81 were Sl2,026,667, equiva-
lent to $601 share on 100000 shares
of capital stock outstanding, or at an
annual rate Of $24.04 share. Earn
inrs before charges for interest on
bonds, mortgages and guaranteed stock
Of subsidiary companies. also before
deduction of $1636.755 cash reserve for
Federal taxes, were $l5,S59,138.
General Asphalt.--On total business
amounting to 11,677,S09, the company
during 1916 returned a gross profit of
S1.571 .O6S, compared with 81 ,644,759 for
the previous year. Fixed charges, in
terest. depreciation and general ex-
penses were S649, 103. leaving net earn
ings Of 1921 ,965, decrease of $1,000.
From the 1916 net earnings there was
deducted for excess cost of maintaining
pavements constructed in previous
wears under guarantee SS6,045, and
there was transferred to reserve for
debenture redemption $75,611, leaving a
net gain to surplus for the year of
s76O ,3Os. compared with sS00,349 for
1915 The report says that the volume
of sales of the company's products un-
der firm contract, at the opening OF
1917. was larger than at any similar
period since the concern was organized.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-03
Earnings on
Anaconda Stock
Tripled in 1916
High Prices and Record
Output Bring Greatest
Profits Ever

Earnings and output of the Anaconda
Copper Mining Company, including
subsidiaries, the worlds largest pro-
Queer of refined copper, last year sur
passed by a wide margin all previous
records in the corporations history.
Profiting from the war markets for
copper and other metals, the company
piled up balance available for divi-
dends on the stock equivalent to s2l IS
a share on 1881 $50 shares outstanding,
compared with Slips a share in 1915.
Gross revenues from sales Of metals
and merchandise, from royalties and
rentals, income from investment, ETC.,
more than doubled, being $3.50, $40, 688,
an increase of S63,153,88l compared
with the previous year. Expenses, in
GLIDING depreciation, amounted TO $780,
1885, an increase of S29,021,314. The
company charged off S7,1l3,46 for de-
probation. against sl,9O0,57S in 1915.
The surplus from the years operations,
after all charges, including dividends
CT S17,4S4,375, was s33,343, 1898, an in
crease of S25,973,192. Total surplus
now stands at S48,395,S63.
John d. Ryan. president of the com
pany, says in his remarks to the stock
holders that the year was in many re-
spects the most important in the his
tory of the company.
THE extraordinary conditions pre-
vailing in the metal markets of the
world made It desirable" he says, ito
force production TO the limit of plant
capacity. The result was that opera.
tions were conducted on a larger scale
than at any previous time. More ore
was mined, a greater quantity Of metals
recovered, and by far greater profit oh
tanned from the sale thereof than
during any previous year. The i'm
portant construction programme which
was initiated in 1915 was successfully
completed.
Tonnage at Maximum
Notwithstanding the great increase
in the price OF all construction mate
rails and the difficulty of securing de-
livery, the policy determined upon, OF
proceeding without change In the plan
that had been adopted, and in COM
pleting the same at as early a date
as possible, has been completely justi-
fed, both from the standpoint Of plsc-
ing all plants in position to operate
economically upon maximum tonnage,
and in the very gratifying financial re-
turns. which have been already real
lied upon the large sums invested. As
a result If the reinvestment of a large
part of the profits arising from current
operations during the period OF pre-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-03

Finance Economics
Wednesday, May 2, 1911

March reports Of the railroads tell
a story of varying fortunes, but on
the whole they make far better
showing than did the returns for the
two preceding months of this year.
SO far as gross earnings are con-
cerncd, the improvement over March,
1916, is general, practically all
roads which have so far reported
for the month having had much
larger operating revenues. Unfor-
tunately. that is likewise true of OPP
Grating expenses, which are higher
in all cases owing to price initiation
and increased wage costs. But there
the divergence begins. The oper-
ating income, which is the important
item in these reports, decreased sub
stantially, compared with the CORE
spending month a year before, in a
nur'be Of cases, whereas in others,
almost if not quite as numerous,
gains were reported. OF six March
reports published during the day
four showed operating income aver
aging IS per cent more than year
before, one, a bankrupt road, an i'm
provement Of several hundred per
cent. and one a decrease Of 30 per
cent. The variations are partly eX-
planned by the fact that some roads
experienced more severe weather
conditions than others during the
month; also some of them charged
the wage increase in January, Feb
ruary and March sustained under
the Adamson law agreement to
March expenses. The indications are
that when the whole account IS bal
anced for the month and allowance
is made for extraordinary charges
losses will be found to have been, to
a considerable extent. offset by gains.
The showing may prove to be much
more favorable than has been ex-
pected, because it must be remem-
bered that earnings at this season
last year were at a peak.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-03
The Dollar in Foreign Exchange

Exchange rates moved sluggishly in
the local market yesterday, with a fur
Their decline in Russian rubles about
the most important development. Ru.
bles closed a. 2792 cents, compared
with ISIS cents the day before. Italian
lire were shade better. The rest of
the market was steady.
Closing rates yesterday, compared
with a week ago, are given in the table
below. American bankers have sus-
pended all dealings in German and
Austrian exchange. so that daily quo
tations for either marks or kronen are
no longer available
Week
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-03
Money and Credit

Money rates displayed pronounced
strength again yesterday, Following
official announcement Of an additional
issue Of S2OO,OOO,OOO 3 per cent Treas
ury certificates of Indebtedness. Call
money at the Stock Exchange rose to
4 per cent, compared with a close OF
3 per cent the day before. The ruling
rate was 3 per cent, against 3h per
cent on Tuesday. a number of local
banks called loans, one institution
alone being reported 70 have called IN
$10,0O0,00O.
In the market for time funds loans
based on industrial securities as col
lateral were quoted Il per cent higher
the rates ranging from Az TO per
cent. depending upon the maturity.
Rates on loans based on a mixture OF
industrial and railway securities were
quoted 70 III per cent.
Ruling rates on money yesterday
compared with a year ago, were as iol-
lows:
Yesterday. Year ego
Call money. 70 S/2N
Time money (mixed collateraD;
60 days.. 4 % B %
90 days...... 4lA9o 3lAQ3H2po
4 months. 4l4oo 3A@32%
: 70 mos. . 4149o 3A@3Ia%
Commercial Paper.-This market dis
plavs increasing nrmness ana the Ten
dency is toward per cent basis for
the best regular maturities. Offerings
are restricted, but banks are not seek
ing much paper.
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, 1917-05-03

The above rates express the cost of
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling az, say, $476. The intrinsic
parity is s4.s65s per pound. Thus, you
say either that pounds arc at 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, 1917-05-03
\ DIVIDEND NOTICES
CANADIAN PACIFIC RAILWAY co.

At a meeting OF the Board Of pireetofs
held to-day. the usual quarterly diViaen'
OF two And one-half per cent on the Cen.
mon Stock fo- the quarter ended sis.
March last. being at the rate Of seven per
cent. per annum from revenue and tnres
per cent. per annum from Special lncon-
Account. was declared payable s0tn Jun
next 20 Shareholders OF record a. r ~
on the LIST June next
BY order Of the Board.
ERNEST ALEXANDER, Secretary
Montreal. May :. 1917.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-03

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, 1917-05-03

Ottawa. May ,. -Unifcation OF All
the Canadian railways, except '"'
Canadian Pacific. into single system
under government control, but not gov
eminent ownership, is the plan put
forward by the Royal Commission APP
nointed 10 inaurc into the transporta-
ton problem Of the Dominion. IL Is
nronoecd that ownership OF the system
which is 10 be called the Dominion
Railway Company. shall be vested IN a
board Of public trustees, empowered 70
operate the merged lines for the bene-
I'll Of the people, on a commercial basis
undisturbed by political considerations
The commission consists of william
VI. Acvorth, of London, director OF
the London Underground Railways, VINO
has served on a number of important
British railway commissions and is the
author Of several standard books on
railroads; Sir Henry L. Drayton' Ch'ei
Commissioner Of the Canadian Board
OF Railway Commissioners, and A. H.
Smith. president Of the New York Cen
trail Lines.
The report made public to-day, which
analyzes the transportation situation
Of the Dominion in detail, is submitted
by Sir II. L. Drsyton and W. VI. Ac-
worth, az majority members, bat is not
signed By the third member OF the com
mission, Mr.. Smith, who is submitting
separate report differing in some
conclusions from lis associates. The
report discloses an unusual state OF
affairs which prompts the unusual
recommendation made. 1t finds that
more railways have been built than are
warranted on commercial grounds
under present conditions. 1t points
out that while the development OF
Canada justified two transcontinental
lines it did not Justify three, and that
the Grand Trunk and Canadian North
ern systems should have been amalga-
mated.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-03
Quick Response
To Offering of
Treasury Bills
Member Banks Asked to
Urge Customers to Invest
in the Certificates

Announcement that Secretary OF the
Treasury McAdoo had authorized the
Federal Reserve banks TO receive sub
scriptions for an additional issue OF
5000. 100000 3 per cent treasury Ger
tifcates, to be dated May 10 and ma
turing July 10. was followed yesterday
by quick response from local banks
and trust companies. II was estimated
at the close Of business that applica-
tions 70 subscribe totalled nearly half
of the issue, although no formal offer
ing was made until the afternoon.
L. II. fireman. deputy governor Of
the New York Federal Reserve Bank,
issued letter to the member banks
Of this Federal Reserve district re-
qucsting them TO urge upon deposltors
and customers the desirabiity of pur-
chasing the certificates with view TO
converting them into the forthcoming
bond issue. Similar action was taken
in other districts.
The certificates, Mr.. fireman an
nounced, will be issued in denomlna-
tions Of $1,000, $4,000. 10000 and
100000. Payments for the subscrip-
tons to the new issue are to he made
on May 10. As soon as the subscrip-
tions for the full amount have been
received the subscription list will be
clcecd
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-03
ARMS AND fTeb
SECURITIES CORPORATION.

PREFERRED DIVIDEND NOTICE
May list. 1871,
A dividend OF Seven (7Gs) Per Cent e.
the Preferred Stock OF the Intsrnstions
Arms and Fuse Securities Corporation nss
been declared. payable on May ;lst. isiI
10 tho Preferred Stockholders Of rseoss
May bth, 1917.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-03

Most Wall Street persons are con-
WINGED that the railroads will get a
part. if not all, Of the increase for
which they have applied, but the
stock market makes no response.
Transactions are unimportant in vol
ume and prices tend lower if any
thing, though there is no pronounced
movement in either direction. The
losses Of one day are about offset by
the gains the next. Such trading as
takes place does not bring much
profit to any one, though it helps
commission houses a little; they are
faring thinly just now, however.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-03

Sub-Treasuy.-Ne York banks lost
20 Sub Treasury s5.OS7 goo.
Silver. Bars in London. 37's cents;
New York. 74hs cents; Mexican dollars,
j7s. cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-03
For Wider Distribution

Should these higher rates continue
for any length OF time bankers say II
will he incumbent upon the Treasury
Department to lay particular stress
upon the Importance Of distributing
further issues OF certificates Of indebt-
edness in all parts of the country.
New York stands ready 70 do its
Bit" said the head of one large bank,
ing institution, "but we do not feel
that we should maintain the same pro
portion as our subscription to the first
$3.50 .OOO. 900 issue, which amounted TO
s135 900 900. or nearly 70 per cent Of
the 5000 100000 first contemplated by
the Treasury Department
With proportionate participation
from banks and individuals in all parts
Of the country. other bankers ex-
pressed the opinion that the govern
ment should not haev any difficulty IN
selling 5000. 900 600 of its notes every
ten DAYS or two weeks until the bond
offering is made.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-03
Will Pay Demand Loans

That much OF the financing done in
this market by Great Britain since the
cessation Of gold imports in the form
Of demand loans was for the benefit OF
France and Italy was disclosed IN
statements by bankers that the pro-
cceds Of the latest issue of Treasury
certificates will be devoted largely to
paying off demand obligations Of these
countries, which were incurred to
finance recent purchases here.
A recent estimate placing the amount
Of Allied demand loans at Sl5O,OOO'-
600 was said 20 be far below the actual
figure. bar er Of great prominence
said yesterday.
Some calling of loans by local banks
Yesterday in preparation for their par
ticipation in the new government issue
was followed by a stiffening OF the
rates for time money. Loans on stock
Exchange collateral also felt the effect
of the financing. and, as on Monday
were again placed as high as per cent.