davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-01

Clared.
Too much money is as dangerous
t. the business structure as too lit
tie. for it brings the temptation TO
/ overextend, and that temptation Is
hard TO resist. At present there is
nothing else quite so cheap as
money, and if the business com
munity endeavors to utilize more OF
the surplus than is required for legl-
innate extension the effect, so the
National City Bank of New York
believes. will be seen in a further
initiation of wages and prices.
Manufacturers are already com
planning that rising costs are cur
failing profits and the bank says
that,
the circle of rising wages and prices
narrows as it moves upward, because
everybody's income and purchasing
mower does not increase in the same
nroportion, and prudent men hesitate
TO make capital investments on an
inflated basis. The statements or
countrv banks show that they have
more deposits than they have use Tor
\ in their own localities. Their re-
serves arc more than twice the legal
requirements, and, notwithstanding
the transfers 10 the reserve banks
during the last year, they have more
now remaining with their old reserve
agents than they ever had with them
before.
That the supply of money IS lar
Greater than is needed is obvious:
There never was a clearer case OF
country gorged with money. Inc
situation is about the same IN inc
SCANDINAVIAN countries, but there IL
j. nm comparatively small scale
more easily comprehended, and 'he
i,onortation of gold has been either
prohibited or penalzed. Persons
,ybo have credits abroad arc told not
70 bring gold home, but TO either
hiring commodities which will reheve
the stress Of high prices, or invest
their capital abroad. When every
available man and machine Is already
At work. what more can be done with
money? It becomes stimulus 20
imitation instead Of an ard to IN
dustry.
The enormous profits realized by
PRODUCERS in the last year are an
;mnortant factor in the situation,
because the large cash balances
which have been accumulated make
them less dependent upon borrowing
facilities than in the past. More
over,
they are conservative about dlYl-
bends, and intend to keep themselves
forehanded. At present they are
needing moro liquid capital than ever
before TO handle current business on
account of the high prices, but as
the crest of the industrial boom
passes and prices begin TO subside, IT
viii appear that great surplus OF
money exists in this country.
The bank concludes that under
the circumstances money promises
to continue in abundant supply and
il rests largely with the banks doing
business directly with the public to
hold the country to conservative
course. The tendency to expansion
is beyond the control Of the Federal
Reserve banks because the member
banks have little occasion 10 use
their services. Compensatory rates
Tor money and ample reserves, IT is
argued, should be maintained.
One Of the results Of the increase
in copper prices has been complete
stoppage Of the trade in copper in
the Far Eastern countrics. These
countries were not large consumers,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-01
II. s. Treasury Finances

Washington, Jan. 3l.-The condition
If the United States Treasury az the
close of business to-day was:
Net balance in general fund Se5.209.0
Total ordinary receipts. 2-2o4,sW
Total ordinary payments. ,,Ns'W
The deficit this fiscal year Is $I0.
441.561. against a deficit Of s53,0o32s'
last year, exclusive Of Panama Cana
and public debt transactions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-01
Elections

Albert II. Wigyin has resigned As director
Of the National Cloak and Suit Company. and
Carl J. Schmidlapp. vice-president Of the
Chase National Bank has been elected 10
succeed him.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-01

Ohio Oil Stock Increase. Stockhold-
crs of the Ohio Oil Company have APP
proved a plan to increase the capital
stock from s15.000.OO0 to S60,000,000
by changing the par value from S25
to slOn.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-01
Money and Credit

Call money at the New York Stock
Exchange was in liberal supply yes
tcrday and the railing rate remained
unchanged from the preceding day at
2 per cent, although some loans we're
placed as low as IA per cent.
With small offerings from lending
institutions the market for time funds
on brokers' Stock Exchange collateral
hardened slightly. Rates on industrial
collateral loans yesterday were 3 per
cent for sixty and ninety days. 3 to
81 per cent for four months, 81 per
cent for five months and 81 to 3is
per cent for six months. On mixed
collateral the rates were: 2l2 to 2a
per cent for sixty days, pa TO per
cent for ninety days and four and five
months, and 3 to 81 per cent for six
months.
Ruling rates on money yesterday,
compared with year ago, were as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-01

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, 1917-02-01
Corporation Returns
Corporation Returns

Old Dominion Company Of Maine.-Annual
report for the year ended December 81. 1916.
shows net income of S3.532.l25. equal 10
sl203 a share. The report follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-01

l.. Toro. president Of the Porto Rico
American Cigar Company. has been elected a
director OF the American Sumatra Tobacco
Company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-01
Daily Imports and Exports

Daily imports and experts Of genera
merchandise al the Port Of New fon
were:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-01

Douglas |. Mckay, who has been assistant
to President White, and Sanger h. Steel. for
MGR Chicago manager for Paine. Weber
Co. have been elected vice-presidents Of J. 6.
White & Co.. Inc.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-01
Yesterday
Commercial Paper. There was M

Commercial Paper. -Thcre was no
change yesterday in the commercial
paper situation. Offerings are re-
stricted and trading consequently is
dull. Prime regular maturities arc
moving at 31a to 3l2 per cent.
Official rates of discount at each Of
the twelve Federal districts are as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-01
'Defcit.

Kelly-Springheld Tire.-Report of the year
ended December 81. 1916. shows net income
equivalent % 3S9 per cent on siSOI20O
common stock after deducting s2l5.59S pre-
ferred stock dividends. The condensed re-
port compares a. follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-01

Director, OF the Superior steel Corpora
ton have elected james II. Hammond. for
mcrly president of the Superior Steel Com
pany. chairman of the board. +. V. Hsrri-
son. formerly vice-president. has been elected
president, and X. +. Deyens. formerly gen
cral sales manager. vice-president.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-01
Cotton Iyports

Cotton Exports. Galveston, Jan. 81
Cotton exported through this port
for the month ended to-day amounted
to 226.755 bales. Great Britain took
more than half the total. Wheat OK
ports for the month reached total of
3 .l63.77i. Practically all was for Brit
ish government account.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-01
News Digest
Foreign
London Market CheerI

London Market Cheerful. London,
Jan. 31.-The latest Treasury regula-
tions regarding the sale of requisi-
toned securities we're well received in
financial circles and it is believed that
trading will not be restricted as much
as originally feared.
The instructions regarding sales
specify that a dollar draft must be
drawn on a New York, Canadian or
Newfoundland house and negotiated IN
the United Kingdom with an approved
exchange agent, together with the SO
curities and a certificate declaring the
draft represents the full sales price Of
the securities delivered.
The stock market had cheerful
tone to-day, but business was idle and
featureless. American securities we're
dull. United States Steel improved on
the good quarterly statement.
Money was in better demand and dis
count rates were quiet.
Paris Bourse.-Parls, Jan. 3l.-
Prices were steady on the Boursc to-
day. Three per cent rentes. 81 francs
% confines for cash; exchange on
London, 81 francs S11a centimes; . per
cent loan, IS francs rs centimes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-01

Boston Coppers.- Boston. Jan. 81
Prices Of copper shares opened higher
or the local exchange to-day, but re-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-01

Silvcr.-Bars in London, 81. pence;
New York, 76% cents; Mexican dollars,
b94 cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-01
Wednesday, January 81, 1911.


A listless market for Steel COM
mon on the day after a favorable
report. or an adverse one, is nothing
new. On the contrary, 1t frequent
ly happens that the movement Is
narrow and as often as not the an
nouncement of big earnings is FOL
lowed Immediately by small reac-
ton. But it might have been sup
posed that the best report ever pup
Lshed-one, moreover, winch ex-
ceeded expectations-would nave
nut some life in the market. IL re-
manned inert, however, because the
public displays no interest and many
professionals are afraid to take
position. The market is interested
only in the prospects for peace and
it has been impassive TO news about
anything else. After 10 O'CLOCK this
morning we will know how 1t regards
the Kaiser's latest note.
Figures published with reference
to the destruction of shipping and
building of new vessels during the
last two years throw new light on
the question of the prospective
shortage of shipping. There has
been much harping during recent
months upon a shortage of tonnage
after the war. During the last two
years 100000 tons have been de-
stroyed and 3,626,000 tons added to
the worlds shipping. The worlds
tonnage consequently is $4,000 tons
less than the total of about 4O,OOO,-
coo before the war. That this will
affect freight rates seriously hardly
seems likely, especially as large
amount of tonnage now doing Ad-
miralty work will be returned to the
merchant feet when peace is de-
clared.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-01
Finance Economics

WALL. STREET OFFICE: Ielephohe'
Mills Building, Is Broad ST. Hanover ool'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-01

Sub-Treasury.-Ncw York banks lost
to Sub-Tressury s463,0 900.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-01
Nashville. Chattanooga & st. Louis
Porphyries' Output

Total production for 1916 compares viii
The previous year as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-01
Bank Clcarings. DAYS clearil

at New York and other cities:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-01

Over Over over
10 or l5up 30 up 90 up
I.oesto n IN 50 IN 90
The Seward gateway and the Alaska evening post., 1917-04-13

ously to Nome being organized, by the writer of this article, who is the first white man to find gold at Nome, but came out at the wrong end of the horn. The writer was also the insti- gator of Holtberg and Blake, the finders of gold on Anvil creek in 1898; that is not to say these men were the first to find gold at Nome. for the writer of this took a party of seven teen prospectors in June, 1898, and obtained good prospects. Anyone who wishes to known the true and long history of the camp can enquire of C. G."-(Juneau Dispatch.)
The Seward gateway and the Alaska evening post., 1917-04-13
"C. G." CLAIMS CREDIT

4 correspondent who wishes to be known only by the initials c. G. denies that Jafet Lindeberg and Erik Lind blom were the first discoverers of gold at Nome. He saw a story some time ago in this paper-the story of fight which occurred in San Francisco over an alleged bill due by Mrs. Lindblom, In this story Linblom was given again the credit for discovering Nome and "C. G." comes back with the following interesting reply:
 Reading your article referring to Lindeberg and Lindblom as the dis covererS of the Nome gold l can in- form you that neither Lindeberg nor Lindblom was the first discOverer of Nome's gold and that neither of them mad ever prospected for mineral in Alaska previous to the Nome camp being organized by Gabe Price who took out the first ten thousand dollars from No. s Anvil creek in 1899 and made rockers for Lindeberg, Lind blom and the others in 1898 and show ed them how to use them. They rocked out eighteen hundred dollars from September 15 to the freeze-up.
 The Mayors Woods company of Se- attle was formed seven years previ-
The Seward gateway and the Alaska evening post., 1917-04-13
SEWARD SNAP SHOTS

Mrs. H. k. Revelle and children ar rived on the train last night from Roosevelt. .,
 A. D. Estes, resident engineer at Mile 54, is in town on a buisenss trip.
 Fred DOrf arrived on the train yes terday from Mile 20
 Edward Hickman, we'll known cap tain of the Admiral Watson, is new chief pilot of the Mariposa, having made the change this last trip.
 The fremen meet tomorrow night at the firehall at TAO o'clock. The meeting is called early to enable the baseball boys to hold their meeting at 3:3O.
 Captain Frederick Mears, of the AL askan Engineering Commission, has been confined to his home for the past two weeks with a slight case of pneumonia. His condition is reported as greatly improved now, and he will undoubtedly be back to his desk again before long.
 R. J. Weir, engineer in charge, re- turned last night from an inspection trip of this division, and is well pleased with conditions generally. He is particularly enthusiastic over the probabilities for an early start this season as the snow is fast disappear ing along the line.
The Seward gateway and the Alaska evening post., 1917-04-13

Waterfll and Frazier whiSkey at the Branch.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-01-18
SERIOUS ACCIDENTS BEHALF
PARTY OF SLE,IGH-RIDE1RS

Danville, VaV,. Jan. Flour girls
and one boy were hurt last night,
when a long bob-sleigh they We're rid
ing upon down Ridge Street hill ran
into a telephone pole at the foot of
the hill in front of the tabernacle.
Louis Edwards was plotting the
sleigh down the steep incline, while
behind him on the sleigh were Miss
Ethel Gibson Miss Redd, Miss Ellie
Fitzgerald and Miss Jett
The sleigh with its heavy weight
was moving down the hill at a rapid
rate OF speed and all at once Edwards
seemed to lose control of the sleigh,
which struck the pole with terrific
force.
Edwards who was in front, receiv-
ed the worst injuries. His head struck
the post, causing painful and perhaps
serious injuries He was carried
quickly into DR. Pritchett's office
nearby. where he received medical
aid and then removed to the Cen
eral Hospital
The girls each received slight in
iuries. but none proved to be serious.
according TO the doctor. The girls
were taken into the ONCE of DR.. Prit-
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-01-18

dustries and commercial orgAniza-
tionss For some months a tentative
plan has been in process OF forma-
ton In a series of consultations be-
tween bureau officials and the immi-
grafton committee Of the Chamber OF
Commerce.
The bearing Of this conference upon
education is significant. 1t will BRING
into practical relation employers and
educators. This is effected by the the
nature of the call for the conference.
Those invited include officials of
Chambers of Commerce, plant well
fare directors. representatives Of la
Dor and immigration questions print
ed in the program and relating to a
national policy Of Americanixation.
Owing to the growing interest OF
Industrial men in the subject, II IL
expected that many delegates and
others attending the national meeting
Of the Chamber Of Commerce OF the
United States will remain over for
the America First" campaign con-
ference.
Succeeding conferences win appeal
to various other organizations, groups
and individuals interested In general
features of AUGMENTATION.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-01-18
NEWPORT NEWS
ENFORCES MAPP LAW

Newport News. Va. Jan. Lice
Hawks, Ethel Burns and w. ]. McGlo-
then, negroes, indicted on charges OF
violating the prohibition law. yester-
day were found guilty by a jury Of
the Corporation Court. Hawks was
fined $3.50 and given three months
In jail, the woman was fined $50 and
given thirty days in Jail and Nc
Gfothen was fned $50 and given thir-
ty days in jail.
Hawks and the Burns woman were
arrested short time ago by Patrol
man Platt. The patrolman boarded an
early car in East End and when the
man and woman. each Juggling a heavy
suitcase. left the car. Plat followed
them several block and arrested them
large quantity of liquor was con-
flscated by the police. Evidence ad-
duced at the hearing yesterday tend
ed to show that the woman was not
as guilty as the man and she was let
of with the lighter sentence OF the
two
Both the man and the woman were
defended by Attorney ]. Thomas New
some, colored
Captain c. c. Berkeley, Common
weaith's attorney. conducted the prose-
cution. Captain Berkeley was assist
ed at the last term of court by At
torney Fay s. Collier. Of Hampton. in
the prosecution of the liquor cases,
but has had no aid this term.
Captain Berkeley states that the
fines and jail sentences imposed on
people found guilty of violating the
prohibition law shows that the people
of Newport News are determined to
have the law enforced to the letter.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-01-18
To OARkEN HAIR
APPLY SAGE TEA
Look Young. Bring Back Its Ma
tural Color, Gloss and
Attractivcness.

Common garden sage brewed into a
heavy tea, with sulphur added. will
turn gray, streaked and faded hair
beautifully dark and luxuriant Just
few applications will prove revela-
ton IL your hair Is fading. streaked
or gray. Mixing the Sage Tea and Sui
phur recipe at home, though. is trou-
blesome. An easier way is to get d
50-cent bottle of wyeth's Sage and
Sulphur Compound at any drug store
all ready for use. This Is the old
time recipe, improved by the addition
OF other ingredients.
While wispy, gray. faded hair Is not
sinful. we all desire to retain our
youthful appearance and attra ctive-
ness, By darkening your hair with
Wyeth's Sage and sulphur Compound.
no one can tell. because It does 1t so
naturally, so evenly. You just dampen
sponge or soft brush with 1t and
draw this through your hair, +afing
one small sti, nd at 8 time; by morn
ing all gray hairs have disappeared,
and. after another application or two.
your hair becomes beautifully dark.
glossy soft and luxuriant.
This eparation Is delightful tot
let requisite and Is not intended for
the cure, mitigation or prevention OF
disease.-Adv.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-01-18
GRADING WORK GOING ON
IN YORK FOR NEW RAILROAD

Newport News. Va, Jan. Ire
state that the initial work In the
construction of the Newport News
and Washington Short Line Railway
is being held up by Indictment wealth
er- The work, which consists of grad
ing the road bed. Will he resumed as
soon az weather conditions permit.
Officials of the proposed railway are
expected here in the near future to
aisCuss the matter of bridging the
York, ppahahnock and Potomac
Rivers with officials of the Chant Der
of Commerce and representative
business men of the city. The real
construction of the road cannot he
begun until permission is secured to
bridge these rivers and the matter is
being held up by the governments
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-01-18
:" America First
Meeting Called

Washington. Jan. 1.-THE United
States commissioner of education, DR..
p. p. Claxton. has issued a call for
an America First conference to be
held on February 3, Immediately fol-
lowing the annual meeting Of the
Chamber of Commerce of the United
States OF America. This conference
will deal with the industrial phase of
AUGMENTATION ana will be the first
OF a series of America First" confer
ences to be known officially as the
National Conferences on American
ization through Education"
The conference on February 8 will
be under the auspices of the Bureau
of Education in the Department of
the Interior, acting in cooperation
with the national committee of one
hundred. This committee was an
appointed by the commissioner of ed
ucation on September /, 1915, to as
sist the bureau In conducting the
America First" campaign. The COM
mlttee on immigration OF the Cham
Der OF Commerce Of the United States
of America will also participate in
the program:
The recorded CO. ;operation OF hun
dreds of industrial establishments and
Chambers of Commerce In the Amer
lea First" campaign has brought into
the foreground the demand for a def
mite plan of Americanlzation by in
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-01-18
ROTARIANS PLAN FOR
GREAT ATLANTA MEETING

Atlanta, Ga, Jan. 17.-An attrac-
tive map gotten out by the Southern
Railway, showing twenty-seven cities
on its lines in which Rotary Clubs are
located, with Atlanta as the hub OF
the Rotary Wheel" will be sent to
the members OF every Rotary Club In
the United States. thus giving wide
advertisement to the South In connec-
ton with the convention of the In
ternational Association of Rotary
Clubs to be held at Atlanta in June.
Each one of the cities in which
Rotary Clubs are located is marked
by a star. Special rates have been
arranged for this convention. which
win be good for round trip either by
direct or diverse route. and which
will give visiting clubs from other
parts OF the country an opportunity
Of seeing more than one particular
section of the South on their trip.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-01-18
Whole State of
Virginia in Brief
PUSHING WORK ON NEW
RAILROAD FROM WINCHESTER

Winchester, Va. Jan. i7.-Dcspite
the wintry weather prevailing now
in this section, work on the construc-
ton of the new Winchester and West
ern Railroad is progressing rapidly.
President w. B. Cornwell says that a
section of five miles of grading would
be completed by the end Of this week.
This completed section will run from
Charlottesville to point where the
railroad will cross Hoguc Creek,
which will be about one mile north
OF the Northwestern grade.
The entire railroad from Winches-
ter to Wardensville, w. Va. dis
lance OF thirty-seven miles, will be
ready for operation by September ].
II Will be a standard gauge road
from Winchester to Gore and from
that point to the western terminus at
Wardensville 1t will be a narrow
gauge bed, although by means of a
third rail trains will he operated
without change from one terminus to
the other.