davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-19
ENGLISH BANK
RATE REDUCED
Official Minimum of 51a
Per Cent in Line with In
terest on New Loan

London, Jan. 18.-The Bank OF Eng
land reduced its rate of discount TO-
dav from 6 TO 5l2 per cent. Ihls was
regarded as an indication that the
gold situation and the question oil
tho foreign exchanges are well III
hand. so that maintenance OF the o
Nor cent rate is no longer necessary
Tho market believes that the, chiei
purpose, however, is to bring the OH
cisl minimum more in line with the
interest on the new loan and benefit
the banks which were lending on the
new loan at / per cent under the bank
rate with a minimum charge OF o per
cent. Their charge now will be only
one-half Of one per cent under the
bank rate.
The official announcement that IN
terest will be allowed on fully paid
annlications for the war loan before
the end of January is expected TO
bring in large subscriptions when
otherwise would be held over until
near the time of closing the list at
the middle of February.
The bank of England rate Of 3 per
cent which has just been displaced had
been in effect since July 1, 1915. On
that date the bank advanced the rate
from 8 per cent to per cent on &C
count of a Tightening of money in the
London and New York markets. Pre-
vious to that the rate had remained
unchanged at per cent since August
8. 1914. to which level it had been
gradually lowered from the rate OF
10 per cent fixed on August l, 1914
AZ the outbreak OF the war.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-19
Elections

Julian P. Fairchild and D. Irving
Mead have been added to the board OF
the Lawyers Mortgage Company. c. c.
Evers was made first ce-president,
Orland S. Isbell and Peter Hamilton
were elected vice presidents, Joseph W.
Phair was elected treasurer and George
w. Beckel was made secretary. Charles
L. Longstreet was appointed assistant
treasurcr
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-19
Other Cities

Boston Coppers.-Boston, Jan. lS.-
Mining shares, in general with other
issues, were in little demand on the
local board to-day. Price changes gen
orally were fractional American Zinc
furnished the only feature, selling up
more than a point during a period Of
activity in the afternoon. The close
was quiet and generally higher.
Old Dominion, 63%; 0ceOla, So; Cop
ner Range. 67A.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-19
Current

The above rates express the cost Of
foreign money in terms Of the Ameri-
can dollar. You buy an English pound
sterling for s475ii; the intrinsic par
ity is s4.s6S per pound. Thus, you
say either that pounds are at a dis
count or that dollars are at a pre-
MUM, which is owing to the fact that
in England the demand for dollars
with which to settle accounts in this
country is greater than the demand in
this country for pounds with which to
settle accounts In England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-19
Central Trust Changes!

sual meeting of the trustees OF the
Central Trust Company, which was
held yesterday, Frederick Straus and
Clarence Dillon were added 10 the ex-
ccutive committee. Milton Ferguson
was elected a vice president. Mr.. Fer
guson also will continue TO act as Sec
rotary OF the company. William II.
Ludlum and Stephen II. Tallmsn were
appointed assistant secretaries.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-19

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, 1917-01-19

New York, 75% cents; Mexican dollars
b7N cents.

Bank Of England.--The Bank OF Eng
land reported an increase for the week
in gold coin and bullion holdings OF
s65O,725. Proportion Of reserve to liza
bilties Is now 1890 per cent, against
1910 last week, 1915 January 4, and
1850 December 2S. Other changes re-
ported for tho present week are as
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-19

Bank Of Frsnce.-The Bank Of
France, in its weekly statement, report
ed the following changes for the week,
in franco:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-19
Money and Credit

Money on call at the New YORK sVocS
Exchange ruled unchanged at per
cent Yesterday, with low and closing
rate Of z per cent
The market for time money OIL
brokers' Stock Exchange collateral con-
tinues easy and only moderately active
The bulk of the inquiry is for INDUS
trial loans, which are quoted to Z
per cent for sixty days, ninety days ana
four months, and 3A to ga per cent
for five and six months. Mixed money
is nominally quoted %. per cent for
sixty and ninety days, and 3 to ~ per
cent for four, five and six months.
Ruling rates on money yesterday
compared with year ago, were as Iol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-19
Security Thess Sc

Security ListIngs. = These securi-
ties have been admitted TO the
list on the Stock Exchange: Wilson &
Co., Inc, s1O,133,400 interchangeable 7
per- before efo J@9 % sSSSk rs
mortgage c per cent 25-year sinking
fund bonds, Series A, and $4,000, 900
interchangeable voting trust certifi-
Gates for the common capital stock Of
Wilson & Co., Inc, and s131 400 COM
mon stock of the Bush Terminal Com
pany.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-19
Relevant
Information

B. F. Goodrich.-This company was
one of the rubber concerns mentioned
in yesterdays rumors Of impending
merger The stock advanced 2B points
to 6O1s on dealings of 1900 shares.
The company has s6O,O00,O00 Of com
mon outstanding and s27,30O,O00 Of Z
per cent cumulative preferred. The
full rate has been paid on the pre-
ferred since 1912 Dividends are being
paid on the common at an annual rate
Of 4 per cent Goodrich earned I'LL
per cent on the common in 1915, against
$50 per cent in 1914 and 0.S3 per cent
in 1918. In its general balance sheet
as of December 81 last the company
carried good will as an asset at $751;
$4,000.
CANADIAN Pacific.-Unusuel activity
has been shown by Canadian Pacific
common Of late,/ Dealings yesterday
totalled 1900 shares, and the stock
advanced points to 1853. This com
pared with a price Of 100 a week ago
and high for 1915 of 1881. There
is $3.50 900, 900 of common outstanding
OF an authorized issue Of $335,000,OoO,
and $50, 6S1 ,921 Of per cent non-cum-
ulative preferred. Dividends have been
paid at the rate of 10 per cent a year
on the junior stock issue since 1911.
In the fiscal year ended June 80 last
the road earned 1888 per cent on the
common, against 1927 per cent in 1915,
1858 per cent in 1914 and 1886 per
cent in 1918. Earnings in the first half
Of the current fiscal year have been
running at an estimated annual rate
on the common of 1S per cent.
National EnameIlins and Stamping
National Enamelling and Stamping
common advanced pa points to 90h
Yesterday on turnover OF 900
shares. The company has S15,5s1,s 800
Of common outstanding and ss,546,600
of per cent cumulative preferred.
Full dividends have been maintained on
the preferred since organization. Moth
ing has been paid on the common since
1905. The president Of the corporation
In his latest statement 10 stockh olders
said the company had not profted by
any so-called war orders, but, on the
contrary, the results had 10 an extent
been adversely affected by the con-
tinued increase in the cost of raw ma
terals. Ii 1915 the company earned
ZOE per cent on the common, against
nothing in 1914 and LOS in 1918. Over
a period OF seventeen years the com
pany has shown average annual earn
ings on the common Of 2.o4 per cent.
Shipping Company Declares Big
Dividend.-Di Directors OF the American
Transatlantic Company yesterday de-
clared dividend Of 30 per cent on the
capital stock of s2,5oo,OoO. This is the
steamship company organized in 1915
for general shipping business. Eleven
ships were acquired and granted Amer
lean registry under the act Of Congress
Of August 1914. Subsequently four Of
these ships we're seized by Great Brit
ain and are still held awaiting prize
court adjudication. The remaining
seven ships have been operated as gen
o~al cargo carriers Throughout the last
year between United States, Mediter-
ranean and South American ports.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-19
Commercial Paper.-Offerings of mer-

camille paper are light, and trading IS
consequently dull. Rates are un-
changed, remaining at ga per cent for
prime regular maturities and 3h per
cent for the most attractive shorter
dates.
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, 1917-01-19
New York

Gulf. Mobile K Northern Organiza-
tiOn.-The permanent organization of
the Gulf, Mobile & Northern Railroad
Company, the corporation formed as
the result of the reorganization of the
New Orleans, Mobile & Chicago Rail-
road, was perfected yesterday with the
election of W. f. owen as president
and John w. Platten, chairman of the
board. The new directors are John W.
Platten, Frederic W. Scott, A. H. s.
Post, I. Nelson Strother, ". II. Cover
dale, J. S. Dale, j. c. Rich, w. +. Owen,
Charles X. Beekman, Chauncey H.
Murphey and l. B. Tigrett. Plans for
the completion of the line from the
present northern terminus, Middleton,
Tenn, to Jackson, Tenn, were dis
cussed and the construction will soon
be begun. Over 81 per cent of the
bondholders of the New Orleans, Mo-
bile & Chicago deposited their bonds
with the committee and the new Sc
curities distributable under the plan
will probably be ready during the next
month.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-19
New Loan to Britain.-At the ofic

Of ]. P. Morgan & Co., managers Of the
underwriting syndicate, it was said
yesterday that the applications for
allotments of the S250OO0,000 British
loan from the syndicate members were
largely in excess of the amount.
The public offering will probably be
made next Wednesday or Thursday at a
price to yield approximately s per cent.
Letters to syndicate members were
sent out last night explaining in detail
the terms Of the offering.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-19
Thnrsdau. Jonuorr is, 1917

Thursday. January is, 1917
In reducing its minimum rate Of
discount from s TO 5iA per cent yes
terday the Bank of England pre-
sumably acted in accordance with
a carefully arranged programme
aimed at facilitating the fotation Of
the new sterling war loan. This Is
interesting when it is recalled that
last July the rate was advanced TO
the per cent level to meet tenn
porary tightening in the New York
and London money markets. That
advance was necessary if London
hoped to retain the large New York
banking balances on deposit and In
vested there. Now it appears that
the Improvement in the local market
since the first of the year, due
largely to the heavy influx Of gold on
British account, combined with the
normal seasonal release Of funds,
has so eased the general money stu
alton here that the English banking
authorities have little fear of with
drawal by New York banks of their
large London balances, estimated
this week at S1OO,OOO,OOO. The re
duction of the Bank of England's
rate has, as a matter Of fact, been
foreshadowed some time by the de-
clining tendency of open market dis
count rates in London, which have
dropped TO around 5 per cent. 1t
was the opinion of bankers yester-
day, however, that the deadline has
about been reached, and that any
further lowering Of discounts in
London would wipe out the ad-
vantage of investing funds there and
result in Withdrawals TO New York.
There has been considerable dis
cussion in London Of late regarding
the ACCESSIBILITY Of reducing the Off
cial discount rate. "The StGtist" re-
Gently said that eff the reduction in
the official minimum is held TO be
justified by the general international
financial position, we'll and good, be-
cause it would mean that the very
cause responsible for the bank rate
was also helpful to the flotation of
the loan.
"Contrariwise, if the international
financial situation does not justify
reduction in the bank rate, then such
a reduction could not really be help
full even to the new loan. If it were
& question Of facilitating efforts of
those who might require banking add
vances to make applications for the
new issue, then surely the matter
could be arranged in some other
way"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-19

After a pause Of several weeks
steel prices have again moved up
ward. The average pri c IF eight
leading steel products advanced
more than 50 this week, and now
stands at S76.17 per gross ton.
Whether a rise to even more fan
tastic heights is in prospect cannot
be predicted. Before the latest
swing occurred it was freely stated
that the top had been reached, but
there is now less certainty in trade
circles ss to the future course of
prices than there was then. At
any rate, so long as the war
continues there is little hope
that production Of steel will catch
up with the demand. The trade
Is already booked far into the
year, and in cases beyond, and only a
limited tonnage can be had for 1917
delivery. The war demand for the
basic metal is as Unsuitable as ever.
A hull occurred in the month or so
during which the political winds
seemed TO be blowing in the Girec-
ton Of ap carly peace, but the fad
ing Of pdce prospects has been fol-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-19

If the rise in commodity prices TO
q level at which the cost Of living be
gins to be an acute problem should
destroy the long cherished illusion
that high prices in themselves neces-
sarily produce general prosperity, it
will almost have been worth the cost.
That prices Of some commodities
have gotten out Of line with the cost
Of producing them, and consequently
the producer has gained an adj
vantage, does not mean that in a
national sense we are any better off,
even though we have gained on in
ternational balance. Thus, the steel
trade may profit hugely because de-
mand has so far outrun supply as to
cause a rise in prices out of pro
portion TO the cost of production, but
the gain in that trade is partly at
the expense of others-the railroads,
for example.
The fallacy of the theory that high
prices make good times is clearly
demonstrated by the experience Of
the European belligerents. To-day
prices in those countries are much
higher than they are here, but in
stead of bringing prosperity each ad-
vance adds to the cost of war, and so
finds expression in the staggering
burden of debt. Real prosperity is
to be measured by the statistics of
national output and consumption
and not by index plumbers of prices.
High prices, in fact, are in large
part due to the fact that credit
has become available in quantities
greater than can be used for the
production of goods.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1917-12-23
Virtues of the Poor.

University Magazine: There are evils
against which the poor cannot ade-
quately protect themselves. and which
fall with cruel and crushing weight
upon them But Notwithstanding handi.
caps they show an endurance which is
the truest courage, and I know that
the whitest virture Is often found among
them. They generally bear their bur
dens with patience and hope. and with
a freedom from envy and Jealousy The
best friends OF the poor are the poor.
In all my experience I'm the juvenile
court nothing has impressed me so
much as the chivalrous, self-sacrificing
spirit In which the poor help the very
poor. A poor, overworked woman. with
half dozen little children of her own,
will cheerfully aid with her scant means
a sick neighbor, and devote hours in
which she herself needs sleep to min.
istering to this neighbor and to taking
charge of this sick woman's children.
In one instance. when thanked for this
service. one woman merely said. Sure
it's no trouble at ALIVE got so many
children of me own that q couple more
don't make any difference" Every day
In every city of Canada thousands of
kind deeds are done by the poor for
the very poor. and hundreds of little
gifts gass from almost empty to quite
empty. thin and trembling hands.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1917-12-23
HE ALWAYS KEPT HIS NERVE.
Dawson Looked Into Gun MuxyIe, But
Considered II Incident Only.

Everybody's: An incident In the early
life OF Henry T.. DAWSON, who left a
lucrative Morgan partnership TO whip
the Red Cross into war trim. is told.
Young Dawson, by dint of much per
sistence, had become paying teller OF
the new Astor Place bank.
"A man entered the bank and showed
"A check and the business end of re-
volver under the paying.teller's wicket.
Dawson looked at the check then he
looked at the man who held the re.
volver. Then he glanced at the check
again II was drawn to the order of
God Almighty and II was drawn for
81, 900 900.
The paying.telier never lost his
nerve. neither did he lose that urbane
and quzzical smile of his. He con
tinued to look at the man-and at the
muzzle of the revolver. Then he read
the check aloud. distinctly aloud.
Its lot of money he said. 80 that
his voice carried beyond the wicket.
DO you want II paid in currency?
"By this time the thing he had hoped
for had happened The gray-coated spe.
cial' on the bank floor overheard him.
noticed the man, caught the CLINT OF
steel from the revolver, and working as
quietly and as quickly as good police
men always work. caught and bound
the man.
The incident-for Dawson has never
regarded II as anything else-at;racted
the attention of the newspapers. They
played 1t up. Among those who read
Of It We're the officers of the new Lib.
erty bank. JUS; coming into existence
downtown. They wanted men of nerve.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1917-12-23
DARKEN YOUR
GRAY HAIR
by Reviving Color Glands, La Creole
Does This. Healthy and Simple
te Apply.

Just apply to your hair and scalp be-
fore going to bed the famous La Gre.
ole Hair Dressing. This revives the
color glands to activity. In a short
time you will observe all your gray,
streaked bleached or faded hair turn to
such an even beautiful natural dark
shade that no one could tell you had
used La Creole. Not a trace of gray
hair can be seen. Also stops dandruff
and falling hair. Have soft, fluffy,
long. natural dark hair again by apply
ing La Creole. Sold on money-back
guarantee by all drug stores or sent
prepaid for 81 by Van Vleet Drug Co.,
Memphis observation-disclosures
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1917-12-23

Casualties among horses and mules on
the battlefields of France and Belgium
have averaged approximately $1,000
month.
The Turks. in cooperation with the
Germans, committed fearful atrocities
on the leading men of the Jewish colony
at Jaffa They hanged many and beat
many to death.
The divorce laws of England are ex-
pected to be radically altered in the Inn
mediate future. Thousands of English
women who have alien husbands de-
mand complete separation from them.
The German officers are not getting
close to the fighting. They are not get
ting hurt The second lieutenants and
the sergeants are the ones who lead
their men over the trencehs in this
war.
Charles ID. Harris of Georgia. aged
twenty. is the youngest captain in the
American army. He graduated from
West Point in September where he was
the most popular man in his class ana
also the best swimmer, best horseback
rider and best orator.
The German birthrate is now lower
by over forty per cent than Tor the
pre.war period, and the death rate mas
Increased enormously. Between the two
causes the population of Germany must
be now declining by probably not less
than 100000 a year, and the rate OF
decline is necessarily increasing
The brief months since America pc
came an active participant in the great
war have been marked as period or
magnificent giving. And crowning
work of the moment is the raising OF
a $50 600. 900 fund where but S35,O0O,oOo
was asked for the war work OF the ma
tional council of the Y. NJ. c. a.
The American second-class private re.
ceiyes s33 a month. The British Tommy
receives 81 so "a month at home, with an
additional allowance for service in
France. Mesopotamia and other foreign
territories. The French poilu receives
Sl.5O a month. while the Russian pri-
yate receives only 32 cents month.
Austro- Hungarian troops are PAID IL
cents a day and the Italians get s5.sS'
Germany has wage scale beginning
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1917-12-23
S|DEL|CHTS ON WAR NEWS

at sl65. Japans soldiers at home re.
ceive IS a year. and Turkey gives her
men sll year.
Ten thousand Serbian girls between
the ages of ten and fourteen have been
deported to the harems of CONSTANT
nople.
| A fighting force of lOO.O 900 men. com
prisng priests and peasants of the
Tibetan plateau, has been offered to the
British government for service with the
allies
Germany is held up as the greatest
example in the history of the world, of
exaggerated cultivated and persistent
selfishness, by the entire civilized uni
verse
Chevrons will hereafter be worn By
all British veterans of the present war.
Each stripe will denote years serv-
ice They will be worn by officers as
well as men.
French wounded who have been re-
turned from German prison camps are
not old in years, but the hair of the
majority of the hundreds already sent
back mas turned gray.
Austria has begun a systematic ex-
termination of the Serbian population.
The babies and aged have died of des-
titution and hunger, while the vigorous
competent and courageous have been
arrested falsely accused thrown into
prison. ruined, condemned, tortured and
executed.
German textbooks containing laudatofy
references to the German emperor or
the history of the Hohenzollerns will
be eliminated from the course of study
in the high schools in New York CITY
1t is predicted that the teaching OF the
German language in the public schools
i'm every state will soon be prohibited.
Ambulance and escort wagons Tor an
army of 2,O33. 900 men will require the
expenditure of sl0.660,000. This sum is
expected to cover the acquisition OF
SIS 900 escort wagons. 10000 water
wagons. 3,4O0 ambulance wagons, 10000
medical carts and 5000 small arms am
munition wagons.
C,,rd ~ fy, fI,e want ads
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1917-12-23

and certainly this young Dawson OF the
Astor Place bank seemed to have that.
They asked him TO come with them,
and he came. as assistant cashier. In
seven years he rose from that post TO
that OF the highest gift In the bank. its
presidency Al thirty-two he was the
head of one Of the most energetic young
banks In the city of New York and was.
himself. one Of the youngest bank presi.
dents In the country"
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1917-12-23

Before the war German efficiency
had elected the admiration OF the
world She was honored for her scholar.
ship. her thrift and her natural accom-
plishments In industry and education.
Now she has lost all these things and
has gained the hatred and contempt OF
all mankind.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1917-12-23

Perhaps the necessity for making
every minuee count may explain the
new custom of combining all sorts of
departments. In one of the smartest
dressmakcrs' shops in Bond street. ar
rangements can be made to furnish and
decorate houses at the same time that
gowns are lifted. and two world-famous
modistes are now undertaking to pro-
vide designs for rooms as well as hats
and dresses.
The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1917-12-23

A young man who kept his fiancee
waiting at "A rendezvous had his en-.
gagement broken of with the careless
excuse that IL he was going to do that
sort of thing the lady would rather re-
main as she was. free to lead her own
life.
II have time to go to tea with you
between my hospital work and my
splint-packing, but | have no time TO
wait doing nothing" said mother who
found her young son just returned from
the front was rather slow in meeting
her at tea shop.