davidaulloa/AmericanStories huggingface dataset:
Gunnison news-champion., 1917-08-10

State OF Colorado, ,cC
County OF Gunnison NS''
We hereby certify that the foregoing
is a full, true and correct statement OF the
Financial condition of Gunnison County,
Colorado, for the six months ending June
30th, 1871
Dated this 9Th day of Aug. 1917. at Gunni.
son, Colorado.
BOARD OF COUNTY COMMISSIONERS.
w. II. WHALEN,
Chairman.
GEO. l.. MILLER,
Commi ssioner.
c. L. MCDONALD
[SEALl Commissioner.
Attest II, o. BARRETT
County Clerk.
Gunnison news-champion., 1917-08-10

Miss Julia Vader is now extra on
the telephone force.
Gunnison news-champion., 1917-08-10

VIM. McDonough and family of Co.
chetopa We're out-of-town visitors here
Tuesday.
Gunnison news-champion., 1917-08-10

Guy Doering of Cathedral was in
town Tuesday on business.
Gunnison news-champion., 1917-08-10

A party composed of Lawrence
Kroll, Pete Eastman, Reva Miller,
Agnes Walker, Gilbert Miller and
Paul Wright motored to Waunita Sat
urday evening for the dance and re-
manned until Sunday evening. Law
renee Kroll returned Sunday after
noon with E. s. Mcmillan, SO the va
cancy in the other car was filled by
G. Davis Brilliant, who will spend the
rest Of the summer in Gunnison.
Gunnison news-champion., 1917-08-10

Sunday mornings train brough,
State Tax Commissioner J. f. Will
liams, who was here this week over,
looking the tax schedules at the coun.
ty office.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-25
WAR TRADE SHOULD
+, NOT BE CONFUSED
WITH WORLD TRADE
Peace VIII Find Europe with Less Money to Buy Goods but
Better Equipped to Produce Things to Sell in Compet-
lion with American Manufacturers

transactions, but it must be borne IN
mind that we labor under serious dis
advantages there.
First-ln the limited producing,
aud consequently consuming, power
Of the great mass of the inhabitants.
Argentina and, 10 an extent, other
countries to the south Of us are large
importers, but the average per capita
production and consumption in South
America does not compare with that
of our country and of other coun-
tries with which we have the most
considerable trade. Time will rem
edy this, but it will be slow process.
In 1914 South America took but
5.217 per cent of our exports.
Another disadvantage is the enor-
nous investment of capital from
England and other European coun-
tries. Remittances of interest must
be made to Europe, and payments
are usually accomplished by the
sending of products to creditor coun-
tries. This means return trade.
Again, our competitors made much
earlier entry into the field and
gained a foothold while our pro
ducers were occupied with the home
market or with trade in other coun-
tries more easily obtained. A fur
Their disadvantage is that the coun-
tries of South America which make
the largest purchases are in most
respects competitors Of ours in the
articles which they export, and their
largest markets must be found in
Europe. This stimulates purchases
In return and the establishment of
steamship lines to Europe; also, re
turn freights are much cheaper in
comparison.
Until quite recently our merchants
and manufacturers have lacked es-
sential familiarity with the method
and customs of the Latin-American
countries. 1t is a source of satisfac-
ton that there has been much inn
prCvement in this regard.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-25
BY THEODORE E. BURTON
President of the Merchants Nationa
Bank of New York

The follOWing article upon our
future export trade acas prepared
before the breaking of Of d'pto-
matte relations 1oith Germany.
This adds immaeGsuroblv to the
uncertainty of the situation and
is fraught 1cith possibilities OF
the most fGrreaching nature.
Other probabilities nOa0 assume
importance. Among them are the
greater destruction Of the mer-
chant marine Of the 1Oorid, so
that transportation may be serS-
ously fampered, the more absorb
ing occupation Of industrial
forces Of the country IN prepare
ton for emergencies, the at'tizd-
ton Of a larger share Of our pro-
d,lctive activities IN prOUidir'9 tor
domestic consumption, and, IN
case of s0ar, a general InsettIe-
n,snt, the result of t0htch no one
can forecast. /. T.. b.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-25
PATRIOTISM AND
THE FOOD PROBLEM

annum of these foods. As regards
bread especially, the variation in in
dividual consumption is most
marked. That is attributable to the
fact that the lower the scale of in
come and Of consequent living, the
higher the bread consumption, for
with many in such circumstances
meat is only internationally COM
prised in the scale of dietary, where
as bread constitutes the main staple.
Although these quantities will
form the basis of the dietary scale,
they will naturally be supplemented
by other food products. The nation
is placed upon its honor to observe
these conditions. The effect upon
consumption will reveal itself
through the statistical returns avail
able to the Food Controller. Mean
while, to meet the contingency that
rationing may become necessary, the
machinery to bring such a system
into operation is being organized,
so that if, and when required, it
may be ready. 1t is expected that a
patriotic cndeavor will be made by
every one to limit consumption
wherever possible to below the
standard indicated, and by so doing
render rationing unnecessary.
The Food Controller is confident
that every individual will cooperate
Loyalty. To the women of the coun-
try, who in this emergency can eN-
ercise so much influence, a special
appeal is made. Economy is not
only a patriotic duty, but a neces-
sity. Extravaganza is obviously I'M
patriotic. The power to purchase
does not constitute the right, and
nobody should obtain more than is
necessary to suffice.
Frugality practised at home will
insure sufficient supply for all, de-
spite any effort of the enemy, and
as hitherto, an unstinted provision
for our soldiers and sailors. There
is hardly a household that has not
direct interest in some loved one
| fighting for the nations honor. Nor
is comparison possible between their
sacrifice and suffering and the de-
mand which these conditions will
impose on those who enjoy at home
the security which their valor has
established. Every act of self-de-
NAL here is a help and aid to those
fighting for us on land and sea.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-25
SU YER MORE PRECIOUS
BECAUSE, THE WORLD
WANTS HARD MONEY
In the Leading Countries Of Europe Well as Asia 1t Is
Takinq the Place Of Gold Withdrawn from Circulation
to Provide the Basis Of War Financing

be absorbed at the old parity with
gold, which had been about 15n to I
at the minis Of Europe and l6 to ,
in the United States. In 1873 Be-.
GUM, France and the Scandinavia
Union suspended the coinage Of sil.
yer as standard money, and in 1878
Italy and Holland followed suit.
Silver Speculation
Active in the COS
The resumption of specie payment,
was to take place in the Uni,N
States on January /, 1879, and in
1878 the House of Representatives
passed an act providing for the res.
toration of the silver dollar to Oh,
monetary system and for its free
coinage along with the gold coins At
a ratio Of Is to /. This would have
given a coinage value TO silver on
private account of S1.29 an ounce
while the market at the time was
about S1.20 an ounce. The Senate
amended the House (Blsnd) bill BY
providing for the purchase by the
Treasury of from 100000 to g..
100000 worth Of silver bullion Der
month for coinage into dollars on
government account. This act, known
as the Bland-Allison act, continues
! in force until 1890. by which tine
silver had fallen to SO cents an ounce.
In 1890 the Sherman act was passed
increasing the silver purchases %
100000 ounces per month, and IN.
der the stimulus of this legislatm
the price rose to Sl.21 per ounce, but
soon fell back to the price prevail.
ing when the act was passed. The
average price paid by the Treasury
was S1.l04 per ounce; in 1891, IS
cents; in 1892, 81 cents, and in 1899,
80 cents per ounce. In June, 1893,
the minis Of India were closed to the
coinage of silver on private account,
and the same month the price at New
York fell to SO cents an ounce, the
lowest figures known up to that time
! A few months later the Sherman &C;
was repealed.
/ In the years when silver was
booming, Wall Street played the sil.
YER market in very much the samf
way it does stocks and bonds now
In the late SOS and early COS inter.
est in silver was so great that the
commodity was traded in on the New
York Stock Exchange through the
medium of what were known as
! "silver bullion certificates Of de-
| posit." Each certificate represented
I 900 ounces of 1000 fine silver on
deposit with a designated deposit
I company, which charged 2 cents a
day storage. Some days in 1891,
when the silver speculation reached
its greatest height, paper represent
ing several millions Of ounces Of
silver changed hands.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-25
Trade Policies
Made by War

Among factors which are more in
the domain Of uncertainty are the
commercial policies which will follow
the war. There is now an unusual
degree Of bitterness between the con-
testants. The Paris Conference pro-
posed a trade league of the Allied
nations; a combination between the
Central Powers would be especially
easy because of their contiguity.
Boycotts have been suggested. 1t IS
improbable that any of these drastic
steps will be taken. Such repulSion
as would destroy the normal course
CT trade would mean that the war
was not yet ended, though, no doubt,
a partiality for commercial coopera-
ton will survive among nations
which have fought and suffered to-
gother.
What is more probable is that
there will be a readjustment of tariff
regulations. For more than twenty
years there has been a vigorous
movement in the United Kingdom
for protective duties. That which
seems to afford the greatest degree
Of likelihood il preferential treat
rient by Great Britain for her colo
ries, all Of which have made I'M
usual sacrifices for the support OF
the Mother Country.
Again, shall we retain advantages
in neutral countries in which our
trade has increased since the begin
ming Of the war? Especial attention
has been recently paid 10 South
America. In this continent we have
made most gratifying progress IN
friendly relations and in the extern
SION Of financial and commercial
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-25

raent and greater equality, as Illus
trated in China, and even in Russia,
and in the adoption of modern meth
DDS and inventions is an indication
which points in this direction. There
is now a most glazing disparity in
the imports of various countries.
China buys from the outside world
commodities of the value of s1.15 per
inhabitant, while the purchases of
New Zealand amount to 500 Tor
each. Those of Belgium before the
war amounted to s120, and those of
Holland $3.50 per capita.
The time when conditions will be
euualized must be far off, but in the
development of American trade there
are alike an opportunity and a re-
spcnsibility to enter these untried
fields which produce SO much for the
future.
In view of the present almost pro-
hibitive rates on ocean freights, the
question arises, Will there be sufti-
Gent ocean-going tonnage after the
war? A statement issued recently
by Mr.. Chamberlain, Commissioner
of Navigation, shows that the ships
built in 1916, measured by tonnage,
were only per cent less than those
destroyed. The total tonnage con-
structed was 1899, 943; that de-
stroyed, 2,OS2,689 gross tons. Last
summer Lloyds' estimate of the total
gross tonnage of the world was 49,
600, 900 tons, including a large share
of purely domestic shipping. 1t would
appear that the net loss IN tonnage,
notwithstanding a very active sub
marine campaign, was comparatively
small. OF course, account must be
taken of the lessened efficiency of old
ships and the lack Of the usual in
crease in their number, also of the
possibility of more destructive sub
marine campaign in the future.
Great Britain, where at the begin
ring of the last year there was little
activity in the building Of merchant
ships, led in the quantity of tonnage
constructed. This, it should be borne
in mind, was almost exclusively
freight tonnage. The output of our
own shipyards was not far behind
that of the United Kingdom. 1t
seems probable, therefore, that when
acquisitions by the Allied govern
ments shall cease and freight conges-
ton is relieved from the abnormal
demands of war, these additions,
with the liberation of the ships Of the
Central Powers in their own and
foreign ports, will afford an amount
of shipping at the close Of the con-
test sufficient for the worlds COM
merce.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-25
What Is
Most Needed

IF were to state the most impor-
tant requisite for the improvement
of our export trade | would say it
was necessary for the people of the
United States TO awaken to the
t:anscendent Importance of the
events which are now pending, TO the
changed conditions which exist in the
world and to the still more impor-
tant changes which must occur IN
the future. This applies not merely
TO commerce, but to duties to coun-
try and the necessity for cooperation
among individuals as well. In order
to secure the position which we
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-25
Variations in
Consumption

The consumption of these COM
modities varies according TO age,
sex, occupation and other conditions.
The indicated allowance, therefore,
provides for adjustment or appor-
tionment between members of each
household in relation to individual
needs. 1t is recognized that some
persons eat more bread and less
meat than the quantities indicated
above; others eat more meat and
less bread. In all these cases a
resoute effort on the part of each
consumer to reduce consumption by
at least one pound of bread or one
half pound Of meat per week. or
both, will automatically bring about
a saving Of over 100000 tons per
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-25

(Froin The London StoiisD
TIME three most important sta
pies of daily consumption
n are bread, meat and sugar,
and forethougat for the sustenance
of the population requires a decision
as to whether compulsion is neces-
sary to insure an equitable distribu-
ton and conservation of available
supplies. Compulsory ratloning TO
a fixed quantity per head involves a
very elaborate machinery, which In
itself absorbs labor, and for that
reason alone ought to be avoided I'M
less absolutely necessary. There
fore. having carefully weighed the
advantages and disadvantages, we
have come to the conclusion that
voluntary system is preferable I'M
Ill further experience is gained, and
TO meanwhile rely on the nation S
instinct of self-discipline. The al
lowance indicated is based on the
average weekly consumption Of each
of these commodities which should
be permitted to each person. After
consideration of available stocks
and probable means of future sup
plies, the situation requires that
heads of families should endeavor
to limit themselves to the weekly
purchase for each person compris-
ing the household Of the following
quantities per head per week:
Bread, pounds Tor its equiva-
lent in -four, 3 pounds, for bread
making). Meat, -. pounds. Su-
gar, q pound.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-25
Purchases by
India Heavy

Purchasers of silver for Indian ac-
count have been even larger than
those for the Allies and other coun-
tries. In fact, the buying from this
quarter has probably influenced the
course of the market during the last
two years as much, if not more, than
any other single factor. The Indian
government has been buyer OF sill
YER almost uninterruptedly in this
period. and last year large part of
such purchases were made in China.
It is estimated that in 1916 China
sold approximately 100000 ounces
of silver to India, and had it not been
for these sales the price of silver in
the world market would probably
have gone much higher, as India
could not have supplied her needs
elsewhere without greatly affecting
the whole market.
It must be remembered that India
and China are the great consumers
of silver. The Indian native banks
his savings in the ground, or else in
the form of bangles or bracelets,
which are worn by the female men,
bers of the family. In either case,
his savings deposits are mainly in
the form Of silver, and are therefore
always available in time Of need.
His surplus savings come in years
when the wheat and cotton crops are
large. The monsoon storms, begin
ming early in the autumn, settle the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-25

IF THE silver bullets which Lloyd
George said would end the war
were reality instead of a
metaphor, the unprecedented drain
upon the worlds reserves Of the
metal and the consequent sharp APP
probation in its value during the last
year and half would cause little
surprise. For the course taken by
this commodity since the war began
has turned the whole market topsy-
turvy and silver, which in recent
years had generally been left in the
enjoyment of a dignified, unrutfied
existence-shelved, so to speak
owing to the adoption of the gold
standard throughout the world, has
shown strong evidence Of coming
back into its own.
Silver prices have been climbing
for over a year now and recently
have touched the highest levels IN
twenty-five years. Not since the
DAYS of the silver boom in the early
COS, when the metal sold as high as
s1.31 an ounce, has there been such
a sustained upward movement. Sales
Of silver have actually been made In
New York at 70 cents an ounce, more
than 20 cents above the average level
around the beginning of the war.
Bullion dealers, while they are
pverse to making predictions on the
future course of such an unstable
metal as silver has proved itself to
be in the past, make the point that
the rehabilitation of the worlds cur
rency after the war will cause SUI
ficient volume of purchases to sus-
tain prices around current levels for
some time to come.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-25
Now Comes the
Lumberman S, Wall
Purchasing Power of HcmlOek
ShipIaps and Cedar Shin
giles Has Contracted Sharp
" in Last Ten Years

How much 1000 feet Of lumber VII
buy in other commodities provides '0''
interesting comparisons from hs''"
compiled By the national lumber ni'a''
factureTs.
Measured in terms Of other comfa'''
tics, the purchasing power oil iumO,'
It is declared, has decreased remS,'
ably in the last ten years. ms ~.
manufacturers say, is simply ahO.HN
way Of stating that while lumber pr''''
have remained practically statlOhsiy
the prices Of everything that comp''"
with lumber or that the lumber msaS
facturer buys have been moon""'
higher and higher. :,
Some recent investigations 2"
what the ultimate consumer pays ~
lumber compared with what he ses :.
the commodities that he produces Do
self are cited. III.
TOT y plSdl " iSN""''
lowing comparison is gwen;
SOLD TO FARMERS
1905 ~
No. | hemlock piece stuff S22."
No. hemlock shlplap oo 800
and boards ........... -4Vg 400
Red cedar shingles, clears S.1y s;s
White cedar Shingles o'|V
PAID TO FARMERS
Rsr,ev tos so sl.oSi So
Pot,,ocs .35to so l.Vo"
N 100 i < lb .psr 100 to ITO 1000 ~
For Illinois the following e0np'''
sons are given: ofeorr
Twenty years ago 10 bushels 4
would buy 81 pounds Of eOhee' w
will buy 80. ,,,h,l, q
wheat bought 200 feet Of stock UO oar
now you can get 500 feet Of LUMBER
mat twenty s,nr year. ago 10 busA'l. Of s'v =
hougbt "a pounds Of nails Io,o. .,,t
OOusII IN" nv ,oa. In 1896 it would '''~ !,
49, W." hill for 500 shingles, and now y.
~. an buy twice as many with the jas
cats. .. tverr
"Ten bushels of potatoes ..,,,,
year. ago would buy 5 sacks OF pa, ais
s ssur; now !. would give you ~
sacks"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-25
Purchasing Power OF
Warning Nations

Thus. after a brief season III which
there will be q very large demand Tor
raw material from this country and
FOR finished products to restore
structures which have been de-
stroyed, also for the implements and
machines from our workshops which
hive contributed so much to the new
efficiency which has been attained,
not only will the demand for our ex,
ports be less, but in the trade OF
neutral countries, and our own as
well, there will be fiercer competlt-
tior than ever before. The question
arises in this connection whether the
credit Of the warning countries will
be sufficient to make purchases on a
large scale. There is every present
prospect that it will, although this
must depend upon the duration OF
the war and the extent of the de-
struction wrought by it. 1t is, OF
course, conceivable that the conflict
r ey continue so long and the rum
of the nations at war be so complete
that all of them will be disabled in
the industrial race.
1t is perfectly obvious that our
present phenomenal balance Of trade
was caused by the war. The excess
or balance of our exports over I'M
rorts in the fiscal year ended June
30, 1914, the last year of peace, was
s470,OOO,OO0. In the following year,
TO June 80, 1915, the balance had
more than doubled to 81 ,094, 100000.
To this amount more than $1,000
100000 was added in the succeeding
year, to June 80, 1916, when the bal
ance reached s2,1S5, 100000. If ex-
PORTS continue at the same rate as in
the last six or seven months the ia
vorable balance for the year ended
June 80, 1917, will be well over 49,
600 100000. 1t is reasonably certain
that the maximum excess of exports
over imports will be reached during
this Year, the subsequent diminution
Icing partly due to the long-contin-
Ued strain on the resources of the
buying countries, and partly to their
more adequate preparation for pro-
viding many necessary supplies at
home.
An analysis of our recent exports
shows that considerably more than
half of their value was in commodi-
ties made necessary by the war or
in those purchased by neutral coun-
tries because their former sources Of
supply were cut off. Computations
have been made to show that but for
the war the balance Of trade would
even have turned against us. A de-
duction Of exports responsive TO the
demands of war may indicate such
a condition, but in fairness it should
be stated that these computations do
not take account of the production
for export Of other articles than
those required for war which would
Rave occurred in case the world had
continued at peace.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-25
An Offset to
Destruction of Life

Losses Of life, shocking as they
may be, will bescompensated for by
improved methods of production and
by the quickened spirit Of self-sacri-
fee and awakened energy which are
the natural sequences Of a frightful
emergency. II goes without saying
that the people Of each country will
exert Themselves 10 the utmost to re-
gain their foothold in the worlds
trade.
The great sources Of production
file soil, the mines, the forests-will
still remain, Notwithstanding the
rsysges Of wsr. A decrease in wealth
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-25

does not necessarily mean CORE
snonding decrease in productive
power. Iron and steel mills and
textile factories in Europe have been
more actively employed than ever be-
fore. 1t will require a very long
period to remooel the former and
render them available for the de-
mands of peace or TO obtain supplies
Of raw material for the latter.