davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-06
Monday, February 5, 1917

The unknown breeds fear, or at
least brings expression Of fear. just
now it is the spectre of war when is
causing misgivings among section
of the American business commu-
nity. Yet war could not have such
a drastic effect upon business rs
some seem to fear. Thirty months
ago. when, the sudden outbreak OF
war temporarily disorganized trade,
the same sort of fear was expressed.
To meet American obligations IN
Europe was thought to be task
beyond our powers. The payment OF
a few hundred millions of dollars, 50
people said, could not be accom-
plished without financial disaster.
Nevertheless we did il and nothing
disastrous ensued. Instead, we have
loaned to Europe billions of dollars
worth Of goods, and miracles OF
achievement in the industrial and
financial fields have become common
place. They will be followed by
greater miracles if we should go to
war.
That is why the present misglv-
ings, when calmly considered, APP
pear to be wholly unwarranted. Just
as it feared the worst in August,
1914, SO industry now fears that if
we should 60 TO war its enormous
profits would be curtailed as a re-
suit Of submarine frightfulness or
what not. Possibly the foreign trade
would be choked, for what could we
do to prevent? Are we not already
producing all that can be produced,
and if we must suddenly provide for
a great military force of our own
will we not have to shut down alto
gether on supplies for the Allies,
and SO do more harm than good by
entering the war? And if export
trade should all at once fade to moth
ing, would not domestic trade also
sink to unimaginable depths? And
then what would happen in the stock
market? And would not the money
cost of war be appalling? So runs
tho undercurrent. I'D Ebitu1n. ud
nausenm and cd Gbsaudlm. The
saving fact is that business really
doesn't fear these things at all. 1t Is
merely the bewilderment of giant
in swaddling clothes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-06

Commercial Paper.-Brokers found 1t
difficult to dispose of any large amount
Of commercial paper yesterday, al
though rates were advanced Z per cent
even on the more desirable offerings.
Some of the larger commercial houses
and manufacturing concerns, fearing
that the money situation is to become
tighter in the next few weeks, were
inclined to offer larger amount of
paper than heretofore.
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, 1917-02-06

True, the stimulus Of unusual
profit has speeded up production I'M
til the statistician is astonished by
the succession of great peaks. He
calculates our material wealth in a
string of meaningless figures which
run clear across the column and
again is bewildered at the result.
So is every one else who believes in
figures. Anything greater is beyond
belief. He says that so much iron
and copper and wheat and corn and
explosives and shrapnel was made in
1916, and is so overcome at what has
been done in a single year that any
thing more seems incredible. But 1t
isn't. What has been done in the
past is no measure Of what is pos
sible under the compelling force OF
that war necessity which arouses pa
triotic fervor in all Of us.
We shall perhaps need still more
iron and copper, though the produc-
ton of these basic metals last year
was surprising. Very well. We
have them in incalculable quantities
and the means of making them into
submarines, shrapnel shells and
things Of war or peace In llmitless
quantities. A labor shortage? There
would be none if labor were efficient
~ managed and had the impulse to
work as it would if we went to war.
Food? Why, that is no problem at
all. There is enough and to spare,
and so much could be produced I'M
der the spur of necessity that the
statistician's sense of wonderment
would be utterly benumbed. We
could feed all Europe and still have
surplus.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-06
Relevant
Information

French Municipal BOnds.-Ihree-
year bonds OF the cities Of Bordeaux
LYONS and Marseilles declined from 30
70 95la. or 2ls points under the orig
in.I offering price. following the an
nouncement made yesterday by Num-
Ioeb & Co. syndicate managers, thaV
members Of the syndicate had been re-
ores,ed "a extend its existence from
February 20 to October 81. only ABOUT
~ per cent of the $6O,00O,OOo issue has
hoor sold. according to the announce
ment
Western Pacific.-Alvin W. hrech'
chairman of the executive committee
announced Yesterday that the balance
Of the purchase price of the ne" pohu'
;.suod under the plan of reorganiza-
ton will be payable June 20 Inc pal
orco dine on that date, after making III
terest adjustments from Marcn J. l'i
ord after allowing interest on the rrs'
;rstalment from June 26, 1916, is at the
rate Of s725.31 OH each bond Inc ~,
purchase price of the bonds Is ~ anu
accrued interest
Broohlyn Rapid Transit.--Ihe STOCK
- This company was notably weak III
yesterdays rising market, closing a.
r71b. or 81. points lower. During the
course of the days trading 1t dropped
as low as 65H, the lowest price since
1908. when it sold at 3lh. only 0'oVV
shares of the stock came out, so II VIII
no seen that it had little support
Among the reports heard for renewed
selling was one that at the next meet
ing dividends will be cut. with the
eno,ation of the new subways IN Brook
lvn il was also pointed out that 'ne
company will face the severest eompe-
tition ia its history.
New York, New Haven & Hartford
7. u,as evident from the action OF the
stock of ,this company yesterday thaV
the short interest, recently built up on
unfavorable reports of the roads imam
eial condition, had covered to a large
extent. On turnover of $500 shares
the price dropped from aga to 0'1s'
with the last sale at 397s, off 1'S,
Central and South American Tele-
uraph.-The directors of the Central
ard South American Telegraph Com
rany and of the Mexican Telegraph
Company to-day declared stock divi-
dends of 40 per cent for the Central
company and 80 per cent for the Next
can. The new stock representing sur
Mus net earnings, will be issued April
I. and will carry the right to all divi-
oends declared subsequent to the usual
April dividend.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-06

market slump might return on the
declaration Of war with sufficient
force to upset prices again, the re-
suit would be interesting, but from a
national viewpoint unimportant.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-06

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, 1917-02-06

Sub.Treasury. New York banks
gained from Sub-Treasury, $4,000.
Silver.-Bars in London, 37's pence;
New York, 767s cents; Mexican dollars,
j91s cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-06
BACK DIVIDENDS
TO Be PAID OFF
international Paper Co.
Makes Offer to Preferred
Stockholders

Under plan Of reorganization
worked out by the directors OF the IN
ternational Paper Company asserting
holders Of preferred stock, providing
enough of them accept the proposal by
depositing their shares, are offered IN
full settlement of all unpaid dividends
II. per cent of face value of their hold
ings in cash, IA per cent in per cent
cumulative preferred stock and II per
cent in common stock.
The plan makes provision for consol-
idating Of the indebtedness of the com
pany under one mortgage; for the
liquidation and discharge of the accu-
mulated dividends upon its preferred
stock; taking care Of all bond indebt-
edness maturing during 1918 and 1919
and for future capital requirements.
Committee Approves Plan
II has been approved BY a committee
consisting of F. n. b. Close, vice-presl-
dent Bankers Trust Company; Gates
". McGarrah, president Mechanics and
Metals National Bank; Samuel McRob-
erts. vice president National City Bank;
Ogden Mills, president 1nterna-
tional Paper Company; Rudolf Pagen-
stechcr, director international Paper
Company; E. V. K. Thayer, president
Merchants National Bank, Boston, and
Albert II. Wiggin, president Chase Ma
tional Bank, New York.
These men are TO act as committee
to receive deposits of preferred stock
under the readjustment plan. The
stock is to be deposited with the Bank
ers Trust Company.
The deposit agreement authorizes
the committee to vote the deposited
stock in favor of the creation of new
first and refunding 3 per cent sinking
fund mortgage on the company's prop
critics, under which not more than s2O,'
600. 900 thirty-year bonds can be is
sued. only s7,5OO,O0O of these bonds
are to be issued to the public al this
time for the purpose Of retiring exist
ing bonds.
The plan also provides for the issue
Of such amounts of unissued preferred
and common shares as may be neces-
sary to make payment required for the
adjustment of the deferred dividends.
An increase in the preferred stock will
be authorized to the amount of 75,OOJ
new shares, to be issued if required for
the conversion, at par, OF T,5OO,OOO
bonds 70 be issued under the new mort
gage.
$500, 900 Convertible Bonds
Unpaid dividends upon 522,4O6, 700
cumulative preferred stock amount to
1914 per cent, or s7,506,2l4.
Holders of the old bonds will be al
lowed a cash commission of l'a per
cent when taking the new bonds. Only
the first S7,500,0O0 OF the bonds issued
under the new mortgage will. for a
period of FIVE years, carry the CONVEX.
sion privilege. Under the plan s727,-
900 of the bonds will be reserved for
refunding or retiring two small issues
which mature in 1919. The sum OF SS,-
973. 900 will be reserved to provide for
extension TO plants, new property. i'm
movements and construction from time
to time.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-06
Clearings 2ii Billions

Compilation Of clearing house figures
for the entire country, embracing l73
clearing houses, places the aggregate
transactions for the year at the huge
total of $2i1 ,A07 .5ll 900, an increase
during the year of S7S.233, 40i 900.
There were decreases in seven associa-
tions, aggregating s42,947 900, chief of
which the decrease in the association
at Albany, y. Y, of SCI $500 New
York leads in increases. the total in
crease for the year being S56,33S,0 0l,-
900. other notable increases we're:
Philadelphia. A,O5o,l2l, 900; Chicago.
s3,725 ,2s5, 900; Boston, s2,69s, 10000,
and st. Louis, 81 1854, III 900.
The popular belief that the United
States is the richest country in the
world, measured by the per capita
money in the bank, is dispelled Ny
comparison with records Of other coua-
tries. A compilation shows that the
per capita deposit in the United States
Was f50.42, while in New Zealand IL was
sei4l and In Australia reached slos.97.
Recommendations faT additional leg.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-06
Money and Credit

Time money rates were marked up
per cent in the local market yesterday,
4 per cent being the minimum for 60
and 80 day maturities. With few OK
captions the banks were disposed TO
restrict loans to the shorter periods,
inasmuch as the government in the
next few weeks may find it necessary
to do some heavy borrowing. Also the
payment of subscriptions 10 the recent
$3.50, 900 British loan resulted in a
contraction in the available supply Of
funds.
Call money, however, was offered in
amounts ample TO meet the current
needs of Stock Exchange borrowers
and most Of the days loans of that
character were made at per cent.
The closing quotation was 2i3 per cent.
Ruling rates on money yesterday,
compared with a year ago, we're as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-06

ID
Over Over Over

Bank CIearings.-Ihc days cIcarinGs
at New York and other citics:
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1917-06-15

Rock Island Rotary club to the inter
national convention of Rotary clubs.
uhich opens Monday for a four-dar
session al Atlanta. Ga Rev. Johnson
left Iast night for Chicago TO accom-
pany the Windy City delegation. Mr..
DuVon viii leave for Atlanta tomor-
row evening One thousand copies
OF the poem. The Tribute to the
Flag written by Rev. Johnson. are
being published and viii be sent to
the Atlanta meeting Dy the local club
Rev johnson viii read his poem at
the meeting
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1917-06-15
ALIAS RETURNS TO
NATIONAL CAPITAL

~ T slifas pres53ens n District
80 "A vaied comprises al3 1aa ma
eh-azsts employed Is The federal EaE-
eminent returned - Washington TO-
day after making his annual visit IN
The tri-cities ~ the interests Of the
Waeasnlsts employed al the Rock Is
land arsenal Mr. Alias is p member
OF The national council Of defense He
was here 10 confer with committees
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1917-06-15

Pond s vanishing cream, Csc size
At .-....... .....- ..-...19c
(50c size at 39c)
Ponds cold cream, 2sc size ice
t50c size 39cJ
Pompeizn massage cream Soc
size At -..--. SEC
Sal Hspatieas 25c size at lie
Sal HepatIea| SOC sjze at .,.39c
stozn's 55nImeat. Csc size az f9o
Syrup Pepsin IDr w. 2, catd-
@eii's} SOC size at ......-. .s9c
squibb's mineral Gill; 81 size 89o
N<anous shampoo bags, regular
price SOC, 2 for ---....-... Sc
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1917-06-15

Creme De Weridor face cream,
25e size at ......... ...s t9c
Kinds honey and almond cream,
SOC size at ...... ......39c
Horiick's matted milk SOC size
at .-vs.ss.s, ....-...-. -... vFs.. Toc
$500 size s9e)
i0araT's milk weed cream, SOC
size at s.....-- &C.. -... 3ge
Ro|ynos tooth paste, 25o size 19o
meHthoIatun1 25c size az 49, $50
(5oc size 39o)
MuateroIes special &c., ..... Csc
Nuxated iron, 500 size al 7eo
Cdo-ro ma, 25o size at ......19c
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1917-06-15

Asperf1 tables tEayers1 u i0
a box CSC size At .---.-..--. PC
r az. soc size 29c.)
Aliens Foot Ease 25e size -19o
Blue Jay Corn PIasters, 15c size
at -.......... ..-... ...12o
cznthrox hair shampoo SOC size
at ....s --.z....--.s -.---e ...e -551
California Syrup of Figs SOC
size at .--...-.. ... -..--39c
Danderl0e hair tonic. Z5c size 19c
(5oc size at 59c)
800 size at 7qe)
Packers tar soap, Use size 19c
Pears unscshted soap. f5c size
at .........-..... -.--.-.12c
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1917-06-15

r. C. MohL Davenport was fined SIS
and costs This morning in police court
for speeding He was arrested by
Rfofcrcvcle Cop shannon
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1917-06-15

Potatoes. fIour, eggs, butter and
lard prices subject TO change with
ont notice.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1917-06-15

a. los. best gran
uiaEed sugar Tor
81 with "a 3 ere
der i'll our dry
goods or shoe
Aan.r.tmenE.
The Republican. [volume] (Oakland, Md.) 1877-current, 1917-04-19

sent US unblamable before Him.
There must be faith on our part, to lay
hold of His grace, a faith that is the re-
suit of obedience. When the heart is
right the outward life will be correct.
No amount Of weights attached to the
outside of a ship will make 1T sail
steadily. The ballast must be on the
inside. Divine grace is the ballast to
give our souls safe voyage,
He is able to keep that whice l have
committed unto Him against that day.
Life may be stormy but with Christ at
the helm we smile at the storm. The
journey may be rough and hard; trials
sharp with heavy burdens. and great
difficulties and circumstances unfriend
ly, but if we are in Christ we shall come
off conQuerors. What then are the de-
Elements of the earth when such glory
is before US. Keep your garments pure,
white and clean like doves wings cover
ed with silver and her feathers with
pure gold.
JOANNES.
The Republican. [volume] (Oakland, Md.) 1877-current, 1917-04-19
SUFFRAGE SUNBEAMS
DO YOU KNOW


That good philosophy to live by in
these days of horror and dismay is ''be
not overcome by evil but overcome evil
with GOOD" While our brave BOYS are
marching away to do their bit for the
country, 1T behooves those who are left
behind to look with ar-seeing eyes into
the future and to plan to-day's work so
that tomorrow will not face such I'M
necessary sacrifice. Women over the
sea are rising ever stronger in their
demand for freedom, and at the same
time they are carrying through their
new duties with matchless ardour.
That way down in Tennessee on
Lookout Mountain the women have the
right to vote on municipal elections?
We have just as good mountain peaks
right here in Maryland and just as
intelligent women but apparently
Maryland women are still put in the
same class with the idiots, the children
and other non-voters, for their rights
are slow in coming.
The Republican. [volume] (Oakland, Md.) 1877-current, 1917-04-19
PROFITS FROM FERTILIZER

Efficiency in using fertilizer on
grass, that is, in getting greatest re.
turns for the fertilizer applied, de.
ponds very largely upon the following
points:
A Good sod.-It is useless to fer.
tilize weeds, and nearly useless to fer.
tilize those low-growing grasses (June
grass, sweet vernal, etc) which some.
times drive out timothy and red top
1t is more profitable to fertiiize q pro.
ductive moving than one which has
run out" 1t is usually more profit.
able to break up and re-seed a weedy
meadow than to bring it back by fer.
tilizing, although the latter can be
done, and often proftably.
Good Drainage.-Grasses and clovers
do better on well-drained than on a
wet land. Sedges and other water.
loving plants take possession on wet
soils, and it seldom pays to fertilize
these. However, while the farmer is
hnding capital for necessary improve
ments, these wet-land plants can be
kept out of the wet meadow by feed
ing the grass which is already there.
and this again at a profit.
Sweet SoiI.-Timothy always does
better on sweet soil than on a sour
soil, and gives greater returns for the
fertilizer applied. Lime, however,
should be applied before seeding, or on
other crops in the rotation. If used
as top dressing on grass land it is
slow acting and relatively expensive.
Early Application.-The best time to
apply top dressing is just when the
grass turns green in the early spring.
1t is then that the soil is cold and the
plantfood in the soil raw and unavail-.
able. A good start at this time may
often win the battle. Three hundred
pounds applied early is better than
four hundred pounds of fertilizer ap-
piled late. The result of application
can be seen within As hours after the
fertilizer is washed into the soil. The
color of the grass changes. The sick
ly acknowledgment color is replaced by
a deep, dark, thrifty green. Growth
starts. Root growth is stimulated.
The plant can use more of the food in
the soil than before. Early application
leads to highest efficiency.
Even Spreading.-From 200 to 400
pounds per acre is the usual applica-
ton of a tOp-dressing fertilizer. This
small amount must be evenly spread.
Broadcasting by hand Is perfectly pcs
Cih1n 10,
efficient as machine distribution.
The Republican. [volume] (Oakland, Md.) 1877-current, 1917-04-19
MOUNTAIN LAKE PARK.

Among those who will soon arrive for
the season are: Lou Stone and family,
in their cottage; Mr.. Gibbs and family,
in the Doctor Stone cottage; Mr.. and
Mrs. Sharp, in the Ohio cottage; Mrss
Day and family, in the Day cottage;
Mrs. Pierce, in the Pierce cottage.
Mr.. and Mrs. Camden occupied their
cottage Wednesday. They had been
stopping at the Romney cottage.
The Red Cross Society of Mountain
Lake Park, under the superintendent
of Mrs. j. A. Enlow, was organized
Tuesday. with membership of four
teen. Six dollars was paid into the
treasury, and as much more is promis-
ed. The membership will be largely
increased.
Everybody in this neighborhood is
securing a garden patch for potatoes
etc
The work on the State road extension
Is going forward. There is a lack of
laborers at present.
John Stephenson and family now &C.
cupy the Hickman cottage.
The Republican. [volume] (Oakland, Md.) 1877-current, 1917-04-19
MORE MONEY FROM WHEAT
Wartime Prices Mean Big Top-Dress-
ing Profits.

Wheat has brought wartime prices
for the past two years. Most of the
1916 wheat crop was sold for over
twice as much per bushel as was OBJ
tanned by farmers a few years ago.
Every extra buShel counted double last
year The world must be fed, and the
continued demand upon the American
producers must mean high prices for
1917 wheat.
Early reports show that the condi-
ton of the winter wheat planted for
1917 was from 10 To 20 per cent below
normal, and that the crop went into
the winter in bad condition. The out
look for big yields is not glowing. Crop
experts assert that the 1917 wheat
crop is bound to bring excellent prices.
You cannot increase your 1917 win-
ter wheat acreage now, but you can
increase your yield from - to 80 per
per cent by spending u little more
money on each acre. Extra bushels
mean extra dollars. Labor costs and
other overhead charges per bushel are
kept down, and net profits showed up
when greater yields per acre are OBJ
tanned. This year of all years, spend
ing little more money than usual on
the wheat crop will pay big returns.
Less than two bushels of wheat at
present prices will pay for actual
money outlay per acre for tOp-dress-
ers; five to ten more bushels per acre
from top-dressing with fertilizers IS
not unusual. Figure your acreage, es-
innate for yourself next fall prices,
and weigh the subject Of top-dressing
on its merits as an investment that
will bring large returns, -, "a :
Pantfood Makes Crops. =
The tiny wheat plant must have spe.
cial nourishment as soon as it wakes
up in the spring which is before much
( of the plantfood in the soil becomes.
available, Big crops demand enormous
quantities Of plautfood The biggest
help you c9n give your wheat crop
this spring Is 10 apply a top-dressing
Of 100 to 800 pounds per acre of fers
tillzeeri ana!EziRs 2 to I per cent Of am
niQnia. 5 e Z per cent phosphorlc
acid in an available fQrm. - j.
The fertilizer should be broadcasted
Or diistElfgF2Q g tbe wheat through
the fertilizer attachment Of the wheat
drill, with the lime spreader, or other
fertilizer distributor. If the wheat
drill is used leave the disks suspended
so that they will not cut the wheat
plants. Apply this fertilizer before
! the field is rolled or narrowed. Har-
rowing will work it into the soil where
the roots can get the plantfood. You
can carry Oh these Operations until
the wheat IS UP four inches in height
without injury to the crop. = =.
Top-dress, grow more bushels pei
acre and increase your bank account.