davidaulloa/AmericanStories huggingface dataset:
Polk County observer. (Monmouth, Polk County, Or.) 1888-1927, 1917-01-12
NORMAL NOTES

Sunday afternoon and evening the
trains running into Monmouth were
filled with jolly crowd Of students
happy in their return to the old col
lege town. The baggage rooms, too
were crammed with suitcases and
mysterious parcels which later yielded
up treasurers that proved to be
Christmas gifts from admiring rela-
tives and friends. After the usual
excitement subsequent to the arrival
of each new train load had somewhat
subsidized, following the arrival of the
evening special, the students began
to turn their thoughts to the more
serious problem of settlement for a
long period of work at school.
During the chapel hour Monday
morning President Alderman gave an
inspiring talk suitable to the first
meeting Of the student body in the
new year of nineteen seventeen. AZ
ter listening to one of these address
es one cannot help but feel more
earnest desire to excel in all the
school activities and in the world as
well.
The faculty staff is still somewhat
crippled since Professor Gentle is moi
yet able to return to his school du-
ties. All the good wishes and sym
pathy of the student body are with
him in his illness and all are looking
forward to his return in a few weeks
Miss Myra Butler, the domestic
science and art instructress, spent
part of her vacation in Salem hos
pital from which she returns looking
well, but unable to get around without
the use of her wheelchair. She is
keeping up her classwork as usual
however.
Mr.. Butler has been on the sick
list, but is now much improved and
is teaching his normal classes in his
tory and civics as usual.
The children in the training depart
ment are back in their places at
school and the measles epidemic seems
over.
Since there are but three weeks un-
til the close of the first semester, the
student teachers are putting in some
good work now. The students are
looking over their text books prepar-
atory to the final examinations which
will soon take place.
Practice for literary society be-
gan today. Friday night the usual
meeting will be held.
Seniors are proudly displaying theil
Normal class pins which have just
arrived. Normal rings are now quite
the vogue, also, since Santa Claus
seems to have packed some in his
bag.
Many Normal students and all the
faculty who were at home attended
the Normal banquet held at the Port
land hotel during the Christmas vaca
tion. The strong bond that unites
these people, working for common
cause, was plainly shown here. Those
who were present, besides having q
good time, went away with a strong
feeling for the old Normal and its
| faculty, students and friends.
Polk County observer. (Monmouth, Polk County, Or.) 1888-1927, 1917-01-12
WHEN SOCIALISM CROPS OUT.

Socialism always crops OUT anu So
cialistic agitation invariably takes a
fresh start whenever there is hitch
in the orderly processes of life, CIV
ing the appearance that portion OF
the general public is getting the worst
of it, or is likely to get the worst OF
it. Such chance came to the So
cialists last fall, at the time OF the
dispute between the railroads and
their employees, and the socialists
quickly seized this opportunity to ad-
vocate their pet theory OF government
ownership Similarly the socialists
are finding another golden opportu-
! nifty to push and expound their prin-
ciples, in the present high cost Of liv-
ing, thing that really is worrying
great many people and causing all
kinds of suggested remedies.
As usual, the socialists have-or
think they have-an easy and sure
cure for inflated prices, and their plan
has been embodied in bill presented
to congress by Representative Meyer
London, a socialist member from the
state of New York. This measure pro-
vides for the creation of federal
food commission to consist OF the
secretary of agriculture and the Sec
retary of commerce and labor and
their assistants, which shall immedi-
ately investigate the supplies of food
and food products. In case the sup
plies shall be found insufficient this
fact shall be certified to the presi-
dent who shall then prohibit the ex-
portation from the United States of
any farm products and of any article
of food Thus far the bill is mere
ly one to provide for an embargo and
is probably designed to attract those
votes which are known to favor an
embargo. The "punch" of the bill
comes in the next section which pro-
vides:
'The commission shall prepare and
recommend legislation to enable the
government of the United States, or
some governmental agency to be ere
ated by law, to regulate the trans
portation, marketing, preservation
and distribution of food and to ac-
ouire and maintain, build and con-
struct, equip, manage, own and con-
trol all such buildings, plants, struc-
lures, warehouses, granaries, abat-
toirs and each and every thing OF
things incidental to, connected with
or necessary to the exercise by the
government of complete control over
the supply and distribution of food. y
Of course this bill will not be pass
ed. The country is not ready for as
radical step as either an embargo
on food exports or government con-
troll of food supplies would be. In
case no revelation of criminal activi'
ties follows the investigation made
by the department of justice, the net
result of all the present agitation vii
be nothing. The public, realizing that
the whole world is having to pay
enormously for what it eats ant
; wears, will decide to await the enc
of the war and the harvesting Of
better crops. But every situation lils'
this gives the socialists a chance :
further their propaganda
,.n~- ron y,urr an
Polk County observer. (Monmouth, Polk County, Or.) 1888-1927, 1917-01-12

Talk about your mean men-here
is a story about a man in Colorado
who is forced to pay $45 a month
alimony to his divorced wife and who
makes the payments regularly in cop
per pennies. And to still further show
his disrespect he recently gummed up
the coins with glue and molasses,
thereby causing additional annoy
ance and vexation.
Polk County observer. (Monmouth, Polk County, Or.) 1888-1927, 1917-01-12
Several Would Operate Ferry.

Three Independence people have ap-
piled to the county court for the con-
tract to run the ferry, there The
court will let the contract March ]
More applicants are expected
Polk County observer. (Monmouth, Polk County, Or.) 1888-1927, 1917-01-12

From the talk of Tom W. Lawson
one gathers that he is more interest
ed in doing something to bother the
Wall street "bunch," than D., is in
proving that diplomatic secrets have
leaked from Washington.
Polk County observer. (Monmouth, Polk County, Or.) 1888-1927, 1917-01-12

The new year has started out spien-
fidly, so far as the weather is con
rerned. And here is hoping the veal
will keep up this record IF consist
ency, giving us an early spring and Q
good old fashioned summer.
Polk County observer. (Monmouth, Polk County, Or.) 1888-1927, 1917-01-12

About eight billion dollars was thu
value of Uncle Sans foreign trade
last year. No wonder that uncle is
commencing to wonder how he besi
can spend all the surplus profits.
Polk County observer. (Monmouth, Polk County, Or.) 1888-1927, 1917-01-12

The Washington administration ap-
peals ready to abandon its plan to
get Villa" 1t is not impossible.
however, that the time will come when
Carranza will ask Uncle Sam to help
carry out the old program.
Polk County observer. (Monmouth, Polk County, Or.) 1888-1927, 1917-01-12

congress in special session to finish
its work cannot be foretold, but there
seems to be fair chance this may
be the outcome.
Polk County observer. (Monmouth, Polk County, Or.) 1888-1927, 1917-01-12

Washington officials still are hop
ing the Mexican situation will solve
itself. And perhaps it will Villa
cannot live forever.
Polk County observer. (Monmouth, Polk County, Or.) 1888-1927, 1917-01-12

Some people, however, will not be
able to appreciate the beauties of the
new year until after their taxes are
paid up.
Polk County observer. (Monmouth, Polk County, Or.) 1888-1927, 1917-01-12
CALLS FoR DEFEAT.

There is little to commend in the
bill now before congress which pro
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1917-08-12

purchase. Here are some figures which
show just what happens in the country's
most important financial community.
The loans Of the New York clearing
house banks last Saturday stood at s.
I5s.O1o,0 coo. On June IS, the day after the
subscriptions to the liberty loan were
closed they had totalled s3si5.0oo On
July "A they had risen to 81, SS7, 10000. Last
Saturdays report, therefore, indicated
that practically all the credit created by
these banks to aid in the loan flotahon
had been wiped out. That, Of course.
was not strictly true. for the stagnauon
on the stock exchange undoubtedly
caused a reduction in the banks' call
loan account and it is known that a
good deal Of credit is still outstanding
against the liberty bonds. Nevertheless.
that credit has not resulted In an actual
expansion Of the banks loans.
But how do matters stand with the
country's reserve banks-those great res
ervoirs Of credit which. it was predicted,
would be so heavily drawn upon to float
the loan? On June q, a week after the
subscriptions closed, rediscounts OF these
institutions amounted to $435, 237, 600 Last
Saturday they had been cut down to
S305, 131, Goa reduction OF $3.50, 900 with
in six weeks. Moreover, the latest report
of the reserve board stated that only
So, 100000 of loans was still outstanding In
the reserve institutions against govern
ment securities Both banks and lndl-
viduals, therefore, have shown a most
commendable disposition TO pay Oft the
obligations they incurred In subscribing
to the loan.
In the week of March 81. when the
latest German war loan was being
brought out, the loan account Of the
Reichsbank was swollen by more than 3D.
900, 600 600. which clearly enough Indicated
one Of the methods by which the war
loan was made success. Even the Bank
of England, following the last big Brit
ish loan, expended its credits by ssoo, 0oo.-
900 in little more than a month. and
afterwards reduced them by only slsS,-
100000 comparison of these figures
with the results accomplished in our own
country fresh and powerful in finance
and industry. furnishes the best sort of
ground for the prediction that the next
loan, IL skilfully handled, will be alb
sorbed by the American investor with
minimum of strain upon our banking re-
sources.
More than that, however. there IL tns
| prospect that government loans will be-
come more and more attractive. as tho
interest rate is raised. while other forms
of investment become less attractive
| through the imposition of heavy taxes on
| income and profits. The government thus
| has in its hands q two-edged weapon to
employ in facilitating it's finances. Al
ready there has been some discussion of
making future government bond issues
| taxable, doing away with the exemption
which has heretofore prevailed. If that
| is done there will probably be less In
| centive for rich individuals to subscribe,
but the loss may be more than made up
lby the drawing power of a higher interest
rate. At all events, it is not probable
that such drastic departure from Amer
lean precedent will be made without
thorough discussion and sharp opposition.
l-R. l.. B.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1917-08-12
THE NEXT WAR LOAN

New York, August twill the APP
preaching government loan be floated
mainly through the banks. or will the
public, out OF its savings in the imme-
date past and the immediate future, take
up the great bond issue? That is some
thing more. than q question of theorists
to null over, for on its answer depends
a great deal that is CT vital interest to
the man in the street. For suppose that
people in general, with a few hundred or
few thousand dollars to invest. do not
come forward. What happens?
The loan must be floated, and it win
be fioated. People of great wealth. but
whose wealth is already largely tied up
in permanent investments. will subscribe
because they cannot afford to see the
loan drag along. or because they realize
Its possibilities of rise in value. They
go to their banks and borrow against
the railroad and industrial securities
which they own, and invest the funds in
government bonds. The banks in turn,
find themselves pinched by their extern
sions of credit and apply to the federal
reserve banks for redscounts against
/ their own loans and against their own
purchases of government bonds, which
have been heavy.
| ALI InlS creates DdTlk CreulL-WHlCn may
easily become initiation. The effect is pre-
ciseiy what would occur If so many hum
dred million dollars of new money were
| dumped into the country. Prices rise
| sharply and the consumer pays the bill.
/ For, with no enforced economy, and with
ample bank credit available, there is no
incentive to cut down expenditures. The
consumer therefore goes ahead buying
Injuries and a variety OF unnecessary
things. thereby becoming competitor of
the government, which is also making
/ heavy purchases in the market. With
such competition. 1t is small wonder that
prices advance to new high levels.
| There are, to be sure. two corrective In
fluences in the present outlook One Is
taxation. which takes from the individual
money which he might otherwise squan-
der, thereby reducing his purchasing
power, and the other Is price fixing,
which places an arbitrary limit on the
| height to which prices may advance But
price fixing in itself, unless 1t Is applied
to the whole field OF industry and unless
there is provision that the government is
to have preference In the matter of get
/ ting supplies, does not prevent competf-
1 ton between private purchasers and the
government. The more steel the indi-
vidual uses up in the shape OF autono-
biles, the less there is for cannon and
warships and shells.
4 All this, Of course is based upon the
presumption that the next loan will be
subscribed for principally by the banks
land wealthy individuals through the Gre
| alton of credit. But that is a thing
which is not likely to happen. There
have been few more gratifying things II
our recent financial history that thu
speed and completeness with which thu
liberty loan OF last June was absorbed
by the Individual investor. who promptl!
wiped out most of the obligations he has
Incurred with his bank to pay for hi
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1917-08-12
Our Three New Islands
dwin e. Slosson In the World Out

Edwin E. Slosson in the World Out
look.
The American people took but little
interest in the treaty authorizing the
purchase of the Danish West indies,
which was ratified by the Senate on
September T. The questions of the
European war, the Mexican enbroglio,
and-worst of ali--the threatened rail-
road strike absorbed their attention,
and after all, what of 1t? It was to
them merely the adding of three lit
tie islands to the 1000 already belong
ing to Uncle Sam; cluster Of fly
specks, they seem, on any map In the
house-the addition of $4,000 to pop
ulation of III, 900, 900, fewer than used
to pass through Ellis Island in a week
before the war. The acquisition OF 1879
square miles by a country of o.74C.-
600 square miles-why, little Rhody Is
nearly 10 times as big.
That Is one side of the transaction.
our side of it. How does 1t look to
the islanders?
"And between the interval from the
reading Of the result of the ballot to
the last words Of the President 1t
seemed as II the earth stood still and
hung with intense expectancy upon
the outcome. The President gave tie
gentlemen present to understand that
their vote is considered as the vote OF
the people, ana tnat FrcderlkSteu At
least decides for the sale!"
This Is the way the local newspaper
reported ono Of the mass meetings
held on the island of st. Croix on Au-
gust is last. At the other city of that
| island, Christiansted, the people took
| the same action. The two meetings
| together comprised a third of the pop
ulation Of St. Croix and the vote stood
| 1927 in favor Of annexation to the Uni
ted States and seven against! Women
of course. voted as well as men, for
Denmark is now an equal suffrage
| country. 1t is to be hoped that the
| islanders will not lose their democ-
| racy in coming under the control of
| the United States.
The other islands, ST. Thomas and
| st. John. also expressed their desire
| for annexation by mass meetings and
petitions. and as well as through their
local councils. Practically the only
people who opposed it we're the Danes
who hold appointive offices or gov
eminent monopolies and the Germans
| of the Hamburg American line, who
hoped to make st. Thomas the great
shipping center for Latin-America.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1917-08-12
Produce Market

New York, August 11.-Butter, ir-
regular; receipts, 1926 creamery,
higher than extras. Az a 42c; cream
cry, extras. 81 score, 40s4 oslo; firsts,
3SA @ 40kc. Eggs, firm; receipts, 1854;
fresh gathered extras. 41@42c; extra
frsts, $4,000; firsts, 36@3Sc; seconds,
s3@35c. Cheese. firm; receipts, 1927;
state fresh specials. 23Mc; state, av-
erage run, 22A q 23c. Live poultry,
firm; chickens soc; fowls, 25h @24c;
turkeys. Ice; dressed. firm: prices un-
changed.
Chicago, August 11.-Butter I'M
changed eggs, receipts, 9215 cases;
unchanged. Potatoes. unsettled; re-
ceipts, 20 cars; Virginia barrels, $50
s5.25; Minnesota early Ohios, 1850
1.60; home grown. s1.50@1.60. Poultry,
alive. lower; fowls. 17@1sAc; springs,
20@ 23c.
St. Louis August 11.-Poultry, un-
changed, except hens lie. Butter.
creamery, 3s1ac. Eggs, unchanged.
Kansas City August 11.-Butter,
eggs and poultry, unchanged.
Elgin. ILL.,, August 11.-Butter, price
391sc; 100 tubs offered; no sale.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1917-08-12
Atlanta Reserve Board Statement

Atlanta, August 1.-THE statement of
resources and liabilities of the federal
reserve bank of Atlanta at the close of
business August 10 was as follows:
Resources: Gold coin and certificates
in vault, s7,t39, 1882; gold settlement
fund, So, 464, 900; gold with foreign agencies,
81, 576 COO; gold with federal reserve agent,
s12, ess, $40; gold redemption fund, $411. %;
total gold reserve, s3l ,57S, 90421; legal ten
der notes, silver, ETC., $759,172; total re-
serve So, 1888, 07621; bills discounted, mem
bers, S4443273O2; member banks col
lateral notes, s522, coo; bills bought in
open market, sS79. 1913; United States
long-term securities Cbonds). S703, 700;
United States short-term securities (cer-
tificates, etc.), s3,522.000; total earning as
sets, $3.50 43o,41; due from federal re-
serve banks. net, SIPS, 401.91; transit
items, So, 1873. 80; national bank notes.
$14c 600; all other resources, S25S, 1852; to-
tai resources, s54 329, 29S. IS.
Liabilities: Capital paid in, $2,3S $50;
government deposits, $1,41S,44l.05; due to
member banks reserve account, s25,04s,-
201.74; transit items, $5,0S1, 946.79; federal
reserve notes in actual circulation, S20,-
270,250 all other liabilities, 1923, 1910; to-
tai liabilities. s54329,29s.6S.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1917-08-12
Reserve Board Statement

Washington, August 11.-Little change IN
the condition of federal reserve banks
during the past week is noted in the
statement of conditions August 8, made
public today The statement shows:
Resources: Gold coin and certificates in
vault, s413,s49,000. Gold settlement fund.
$409s52o00 Gold with foreign agencies,
So. 100000. Total gold held in banks, $780,
POI, 600. Gold with federal reserve agents.
$4S6, 467, GOO Gold redemption fund, $9.274.-
900. Total gold reserve, 81, 900. Legal
tender notes, silver, etc, $685. 600. Total
reserve. $1,424O59,000. Bills discounted
members), s134, 22sC0O. Bills bought in
open market. $149, 100000. Total bills on
hand $2S4.019.000. United States govern
menf long term securities, s4l,2760Oo. Unit
ed States short term securities, So 604,000
Municipal warrants, $1,274000. Total earn
ing assets, $3.50, $4,000. Due from other
federal reserve bands. net, $1,655. 900. I'm
collected items. $205, $4,000. Total deduc-
tions from gross deposits, $204, 1O6 900. Five
per cent redemption fund against federal
reserve bank notes, $4,000. All other re-
sources, $425,000. Total resources, $685.
263, 900.
Liabilities: Capital paid in s57s7o,oo
Government deposits, $40, $4,000. Due to
members, reserve account $1,101 $4,000
Due to nonmember banks clearing ac-
count, $10,2740O0 Collection items, $122.-
$4,000. Total gross deposits, 1854. 1925 900.
Federal reserve notes in actual circula-
ton, $549,244.000 Federal reserve notes
in circulation, net liability, $4,1S2,0o0. All
other liabilities. including foreign govern
ment credits, $2039,0O0 Total liabilities,
81, 9SS. 263. 000 Gold reserve against net de-
post liabilities, 74.S per cent. Gold and
lawful money reserve against net liabili-
ties, 1913 per cent. Gold reserve against
federal reserve notes in actual circulation,
90.1 per cent.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1917-08-12
New York Clearing House

New York, August 1.-THE actual con-
dition of clearing house banks and trust
companies for the week shows that they
hold $72,0S5,3 $40 reserve, in excess of legal
requirements. This is decrease of $685.
700,510 from last week. The statement
follows:
Actual condition: Loans, discounts
ETC., 1851, 10000, increase $115, 56S 000 cash
in own vaults, members federal reserve
banks, (a) 1872, 800 900, decrease $242, 900; re-
serve in federal reserve bank of member
banks, $374,SSS, 900, decrease $S7,S95, 900; re-
serve in own vaults, state banks and
trust companies (b) $129, 600, decrease
$l1 ,062, coo; reserve in depositaries, state
banks and trust companies SCI, $4,000, de-
crease s., 202,0 900; net demand deposits,
$S,551 Isl, 900, decrease s49, 660000 net time
deposits, s205, 10000 increase S3S3,0O0; cir
culation, $50, 365, 900, increase 600; spe-
Gle, included in (a) and (b), S1S5, 636 GOO;
United States deposits deducted, S204,93S,-
600; aggregate reserve, $566, 43S, COO; excess
reserve, $72, 035,370, decrease $685. 7O0,5l0.
Summary of state banks and trust COM
panies in Greater New York not included
in clearing house statement:
Loans, discounts, etc, 1892, 055S 800, de-
crease 81, 349 400 specie, $50 1886, 200 decrease
1890. 900: legal tenders, $13,565,6 500, increase
81, $40 800; total deposits, 81, $40 100, de-
crease $6,547,0OO; banks cash in vault, S12,-
026 00o trust companies cash in vault,
SCI, S75, 800
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1917-08-12
Taking Care Of Baby

Five things must be done in dealing
with summer dIarrhoea In your baby
and the five things to do, according
to DR.. William II. Galland in the Moth
er's Magazine. are as follows:
You must thoroughly empty the
stomach and bowels not only OF
harmful bacteria. but of all decayed
matter which has resulted from their
activity.
The baby must rest in bed and al
the same time the stomach and in
testines put at rest.
You must supply plenty Of fluids 20
make up for the great drain on them
as a result Of the fever and diarrhoea
You must eliminate from the body
the poison which Is being absorbed
from the stomach and intestines.
You must resort to measures which
will allay and soothe the inflamed
stomach and intestines.
Milk is the food" DIR. Galland goes
on to explain lin which the harmful
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1917-08-12
Birmingham Live Stock

tUnion STOCK IardsJ
Feed steers:
Good to Choice-7@Sc.
Medium to Good-619M7c
Common to Medium-6QI61ac.
Grass cattle, according to weight, quail
ity and flesh:
Steers-614@71ac.
Fat Cows-61s@71ac.
Medium Cows-6Q615c.
Cutters-51s46c.
Canners-5c.
Heavy Bulls-6a7c.
Light Bulls-51a@6c.
Oxen-41s@7c.
Fat Yearlings--52G61
Medium Yearlings-5@51ac.
Weaiers-798c.
Mich Cows--Si5G65.
Hogs:
Choice Corn Fed Hogs. 1s5 and Up
l4G15c.
Choice Corn Fed Hogs, 1875 to 1s5-121s
@14c.
Choice Corn Fed Hogs, 30 to 1s5-11@12c.
Best Heavy Rough Hogs-11@12c.
Half Fat Rough Hogs-9@10c.
Soft and ~oii hogs from 1c to &c per
pound less tran above prices.