davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-06

terday. At the close the rate was BIZ
francs TO the dollar. compared with 5.7'
the day before and 5.S43a a week ago.
Francs are responding to the belief IN
banking circles that our entrance INTO
the war will give France important
financial assistance. Sterling exchange
has not reflected this, owing to the fact
that the market is arbitrarily con-
trolled by the bankers.
Italian exchange made n sharp ad-
vance to 7.34 lire to the dollar, com
rared with 7.65 on Wednesday and a
recent low record of 7.S9. Russian
rubles were steady yesterday at 1855
cents.
Closing rates yesterday compared
with week ago, were as follows:
Wask
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-06
Deficit
Elections

Stockholders Of the Aetna Explosives
Company, at the annual meeting,
elected the following directors: y. W.
Runion, ". A. Chadbourne, +. X. Davis,
B. II. Faulkner, F. F. Knapp and II. j
Wolff. These were reelected: Josiah
Howard B. w. Palmer and W. II.
Coolidge.
w c. Langley and ". L. Saunders
have been elected directors of the New
York and Honduras Rosario Mining
Company to fill two vacancies in the
board.
W. II. Bremner. general counsel OF
the Minneapolis & st. Louis Railroad
Company, has been chosen acting pres
ident of the company, 70 succeed +. l.
Brown, who recently resigned on ae-
count of i'll health.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-06
No Decision on German
Insurance Business Here

Jesse s. Phillips, State Superintend-
ent of Insurance, conferred at his Of
fees at 165 Broadway yesterday with
the insurance superintendent of Mas
sachusetts, Pennsylvania and other
states on the problem of what should
be done with the branches of German
insurance companies doing business in
the United States. The meeting adj
iourned. however, with no definite con-
illusions reached.
The conferrees discussed at length
an opinion by John Bassett Moore, that
the American branches of German in
surance companies have the right to
operate in this country even though
the two countries be at war
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-06
Money and Credit

Money rates were firmly maintained
yesterday, although the amount OF busl-
ness was restricted by the approaching
holiday and weekend. Lenders contin-
ucd TO restrict their offerings, and this
was responsible for the stiffening ten
dency in rates. Loans based on MKT
ure of railway and industrial securities
as collateral ruled at Sa4 per cent for
sixty and ninety days, 3si to per cent
for four months, and per cent for five
and six months. Call money ruled at
2ll per cent.
Ruling rates on money yesterday,
compared with a year ago. were as fol.
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-06
Thursday, April 5, 1917

TbUrsd0N April ), 1917
Though a change in the discount
rate of the Bank of England no
longer has the same international
significance which marked such an
event in prc-war times, the present
reduction from 5I2 to ; per cent has
some interesting aspects. The main
thing which made the reduction feas-
jhle was the wide difference between
the bank rate and the discount rate
IN the open market, which had fallen
full per cent under the bank rate.
This case i'm discounts is explained
bv the heavy disbursements of the
British government out of the pro-
ceeds of the great war loan, the daily
redemption of Treasury bills and the
release of bankers balances which
had been tied up with the Bank OF
England for long time and which
recently have been freely offered on
the market. the reduction also re-
fleets to some extent the expectation
that our entry into the war Will be
quickly followed by closer cooperation
between the banking interests of the
two countries and by the granting
Of large credits in the United States
to the Allies. This would tend auto
matically 10 solve the problem OF
maintaining the sterling exchange
rate. One reason for keeping the
rate at 5lk per cent was to retain
the large American bank balances
which had sought employment in
London owing to low money rates on
this side.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-06

Many ingenious explanations arc
advanced to account for the sagging
tendency of prices on the Stock EX-
change. Probably the best one Is
that traders expect drastic taxation
for war purposes and, believing that
would adversely affect security
values, are getting out from under
besides assisting the movement by
short selling. A large section of Wall
Street opinion holds, however, that
for the most part present prices are
warranted, no matter how severe a
tax programme may be adopted.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-06
Relevant Facts

Old Dominion Copper Mining and
Smelling Gross receipts for the year
ended December 81, 1916, amounted to
s., O64, 800, compared with S2,S54,S46 in
the year before, an increase of more
than n per cent. Profits after ex-
penses were $3.50, 596, or nearly double
those in 1915. The company produced
during the year 40,776,611 pounds Of
copper, 229,229 ounces of silver and
1903 ounces Of gold, compared with
27,736158 pounds of copper, 15O,6l2
ounces of silver and 1887 ounces of
gold in 1915. The average price OBJ
tanned for copper in 1916 was 1850
pound. The balance sheet as of De-
cember 81 shows profit and loss surplus
of S954.327.
Canadian Consolidated Rubber
Record net sales amounting to Sl2,-
O94 ,695 were reported for 1916, which
was $4,572,543 more than in the. previ-
Gus year. Operating expenses, how
ever were increased S7,522 ,147 to SILL
las, 400, leaving net profits of $9O5,203
gain of sS7O,227. Surplus after pre-
ferred dividends totalled S617,601, an
increase of S274,746.
Sloss-Sheffield Steel and IrOn.-The
stock of this company sold yesterday
at 6012, compared with the high price
on Monday of 72h. In official circles
: it was stated that nothing has occurred
to justify this abrupt decline. Current
earnings were said to be running at
the rate of nearly four times the an
nual dividend of per cent on the s10,-
countant who was commissioned by
the management to 90 over the COM
pany's books has presented his report
to the directors. The board has grant
ed the request of President Catchings
for about $4,000 to build additional
houses for the company's coal miners
and 100000 more to be expended at
/ his discretion from time to time. Di-
rectors are scheduled to meet next
week for action on the quarterly divi-
dend on the common stock. AT yes
terday's closing price of 81 this issue
offered yield of 9.8 per cent.
International Mercantile Marine
Reports were current yesterday that
the probable early entrance of this
country into the European war as an
active ally of Great Britain might be
followed by the release of the $40 000.-
900 tied up in the treasures of the
British subsidiaries of the company.
That sum would be sufficient to paw
off nearly all the SO per cent of ac-
crued dividends on the $4,000, 900 pre-
ferred stock. No confirmation of the
rumors, however. were obtained.
Studebaker Corporation. A. X. Frs
kline, president of the company, was
quoted as follows yesterday: mo
change is contemplated in the dividend
policy of the corporation. The auto
mobile sales of this corporation for the
first quarter of the year were record
breaking, amounting to 17,2l2 cars,
against 1880 in the same period of
last year and 9,407 in 1915. The rises
in prices made last fall and again
thirty days ago have insured proper
and satisfactory rate of profit without
adversely affecting sales. The horse
drawn vehicle and harness business is
as it has been for over year, taxing
the capacity of our factories"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-06

.In.,,r,, banker, have suspended all dssnnr
IN Cermsn and Austrian exchange, 80 that osiS
ouofatlors for either marks or kronel alo III
longer available.
Below is given the current exchange
value OF foreign money in dollars and
cents. together with the intrinsic gold
naritv. as calculated by the United
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-06

Commercial Paper.-Rates remained
unchanged yesterday at 4 to Az per
cent for the best six months maturi-
ties. Offerings are scant
Official rates of discount Of each OF
the twelve Federal districts are as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-06

Statistics of our national wealth
have little real value unless it be as
sumed that a similar percentage of
error appears in all such calcula-
tions. when they might be of some
Use for comparative purposes. In
making up the American statistics
there have been included such things
as Craveyards, which would hardly
be of much worth as collateral for
loans. Therefore, any estimate OF
our borrowing power based on such
statistics has little real meaning. All
that the calculation made by {. +.
Mitchell, of the National City Com
panv. shows is that if estimates of
national wealth are correct or include
in all cases a like percentage of err
ror. then we should have to raise
S4O.OOO.OOO.000 in war loans before
our war debt would be in the same
proportion to our estimated wealth
as is the aggregate war debt Of the
Entente Allies TO their total estl-
mated wealth. That does not, IN
fact, give any idea at all Of "borrow-
ing capacity"
But whatever the flaws in the sta
tistical side of that portion of Mr..
Mitchelps statement, it is certain, as
he intimates, that this government
will be able to float loans to any
amount necessary, provided the pub
lie is first educated to the necessity
and desirability of investing in such
loans. That is a kind of propaganda
which will receive enthusiastic sup
port everywhere, and which will
bring big results. Wide distribution
of government securities will be ad-
vantageous not only in that 1t will
insure the State of adequate funds
and permit the banks to remain in a
liquid condition, but also because it
will encourage thrift. The owner
ship Of securities begets the desire to
own more, and so stimulates the de-
sire to save. Some economists may
tell you that personal thrift is folly
in 4 national sense, but despite that
theory extravaganza amounts almost
to a national vice. It has been ag-
gravated by the extraordinary pros
perity obtaining in the last two
years. The work of educating people
to investment in government securi-
ties obviously is apt to work good
in more than one way.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-06

Opinion seems to be rapidly crys-
tallizing in favor of paying for war
to as great an extent as feasible by
taxation. Indeed, while it is gener-
ally agreed that the eXigencies of the
situation demand the early placing Of
a large issue of bonds for war pur-
poses, there are some who maintain
that thereafter the entire cost should
be paid out of taxes, and that the
imposts should be maintained for a
short period after the war TO provide
funds for paying off the bonds to be
issued at the beginning. While that
is the extreme suggestion, there is
much to be said in favor Of taxing as
heavily as is feasible. The man who
shoulders a gun gives more than any
mere taxpayer, no matter how heavy
the impost. Certainly, taxes should
be large enough 10 insure that no one
will accumulate wealth while war Is
being carried on.
A. III f.os l. .ho% th,.. .,s,t h NarU
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-06
Current

ne dUOFt I"0V" N
foreign money in terms of the Ameri-
ran dollar. You buy an English pound
sterling for S4.75S; the intrinsic par
itv is $4S6Fs per pound. Thus. you
saw either that pounds are at dis
count or that dollars arc 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, 1917-04-06
New York

New Listings of Securities Inc
New York Stock Exchange has added
the following securities to its list
French Republic, slOO,O00,OOO tempo
rary two-year 54 per cent secured loan
convertible notes, due April ], 1919, and
$50. OOO, 900 general mortgage "A per
cent bonds, to be traded in when issued
of the Pennsylvania Railroad Com
many.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-06

Crusade for New Members New
York State Bankers Association has in
augurated a campaign to enlarge its
membership. A meeting for THIS pur-
pose was held yesterday at the Bit
more Hotel The association numbers
about S00fnstitutions in this state. and
the membership committee believes
that there are about 200 more banks
which should be on the membership
rolls.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-06
The Dollar in Foreign Exchange

Further notable improvement oc-
CURED in exchange rates on Paris yes
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-06

Bank of France.-The Bank of France
in its weekly statement reports the
following changes for the week, in
francs:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-06

Sub Treasury. - New York banks
gained from Sub Treasury SO, $4,000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-06

Silver.-Bars in London, 1855 pence;
New York, 1884 cents; Mexican dollars
57is cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-06

New York, 1874 cents; Mexican dollars,
57is cents.
Weeks Currency MOvements.-Re-
ported movements of currency this
week indicate gain in cash by the
banks of approximately s45,O00,O00,
largely as the result of gold imports
and the deposit of s25,OOOOOO by the
Danish Minister, the purchase price
of the newly acquired Danish West
Indies. The Federal Reserve banks
gained about 100000 on its opera
lions with the banks.
Gold Bankers withdrew
100000 in gold coin from the Sub
Treasury yesterday for shipment TO
South America.
Banknote Circulation.-The monthly
statement of the Controller of the Cur
rency shows that at the opening Of the
month the total circulation of national
banknotes in the United States was
t7l7 So, 900, a decrease Of $557,3l5
from March /.
Bank Of England.-The Bank Of Eng
land reports ar increase for the week
in golG coin and bullion holdings of
fCS1 ,759. Proportion of reserve TO LA
Dilities IS now 1911 per cent, against
1902 per cent last week, IS per cent
on March -, and 1862 per cent on
March 10. OTHER changes reported for
the present week are as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-06
Corporation Returns

nited Globe Mines Report for the year
ded December 81. 1916, compares as fol-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-06
DAYS
ia
Over Over Over
1bor I5uu 30uD so up

Bank Clearings.- Gays clearings
at New York and other cities:
The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1917-11-05

Chesapeake Bay Oysters received
daily at the Delicatessen Shop, Ocaia
House block. 17-1
The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1917-11-05
MEETING OF THE
WOMAN'S CLUB

The regular business meeting of
the Woman's Club was held Saturday
afternoon in the beautiful and coy
club house of the organization. The
chairmen of the committees gave
their reports. Mrs. Osborne, chair
man of social service, announced that
she had given through the commit
tee $50 to the Children's Home Socie-
ty and S. for Red Gross work. Mrs.
Osborne and the committee at large
were given a rising vote of thanks
for the generous donation.
Mrs. Perdue explained the good
that could be accomplished in the club
for the Red Cross. The woman's bu-
reau will give full information as it
is a national auxiliary to the Red
Cross.
Mrs. George Martin, chairman of
the art department, stated that plans
had been discussed in regard to
bringing famous paintings to Ocala.
The general federation offers splen
did collections at rental of SIS plus
expressage She said she hoped to
get into the circuit and that her plans
would be announced later.
Mrs. Hunter announced that clean
up week all over the state was just
beginning. Florida is fortunate in
having a cleanup week proclamation
by Gov. Cats. All states have not
this proclamation. All should make
real effort along this line. Our
city is not unusually dirty, but we
can improve its appearance.
The educational committee thru
its chairman, Mrs. E. T. Helvenston,
announced that the committee will
study French under the instruction
of Miss Mays this winter. The chair
man of this committee is a live
worker, always studying the needs
of the club and other plans will soon
be put into effect.
Delegates were elected to the 23rd
annual convention of the Florida Fed
Grafton of Woman's Clubs at Tampa,
Nov. 20-23rd. Mrs. Emily Green and
Mrs. r. A. Burford were elected del
egates; Mrs. R. S. Hall, Mrs. ]. r.
Moorhead and Mrs. G. L. Taylor, al
ternates. Mrs. w. T. Gary goes to
the convention as state chairman of
home economics. Club women attend
ing the convention should write Mrs
T. L. Karn, chairman of the recep-
ton and entertainment committee
Tampa, without delay for reserya-
| tons.
The business meeting was followed
by a delightful social half hour. Miss
Irma Blake delighted her audience
by singing two beautiful solos. Mrs
Barrett and Miss Rhodes played 9
pretty duet, and the junior civic com.
rnittee served light refreshments.
Mrs. F. E. Wetherbee, Reporter.
The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1917-11-05
MRS. JOSEPH C. MATHEWS

Sadness was spread over the Elem
ington section, and extended to other
parts of the county Saturday evening,
by the news of the death of Mrs.
Mathews, wife of that old and honor
ed citizen, JOS G. Mathews.
Mrs. Mathews was 81 years of age
and had lived all her life in the pleas
ant Pennington neighborhood. She
was a daughter of Mr.. Martin Chitty.
She leaves beside her husband four
children-Mr. Drew Mathews of Jack
sonville, Mr.. Roscoe Mathews of
Pennington, Mrs. Charles Binnicker
of Fernandina and Mrs. L. K. Ed
wards of Irvine.
Mrs. Mathews was taken i'll several
weeks ago, and had to submit to an
operation from the effect of which
she could not recover. The funeral
services took place Sunday afternoon,
interment being made at the McFall
cemetery near Pennington. The SER
vices were conducted by Rev. Bun
yam Stephens of this city and Rev.
Monchief of Micanopy, and were at
tended not only by all the neighbors
of the departed lady but by many
friends from Ocala and other places.
Among the pail bearers were Messrs.
J. K. Mixson, C. n. Mathews, F. E.
Smoak, R. r. Wilmington, Chas. Fl.
Gray and r. L. Cubberly.
The Star joins the many other
friends of the bereaved in sympathy
for their great loss.
The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1917-11-05
Tuesday Auction Club

Miss Mary Mcdowell will enter
tain the members of the Tuesday auc-
ton club at $3.50 o'clock tomorrow af-
ternoon.
The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1917-11-05
SEE
THE TEAPOT BULLETIN
FOR GOOD THINGS TO EAT

Canned Meats, etc., Sauer Kraut
and Viennas. Lamb Tongue, Frank
furter style Bratwurst. Corn Beef,
Roast Beef, Luncheon or Vienna Sau-
sage, Corned Beef Hash, Roast Beef
Hash, Georgia Style Hash, Luncheon
Beef, Ham, Veal or Beef Loaf, Lunch
Tongue, Potted Meat, Potted Beef,
Sausage Meat, Purity Cross Chicken
a la King, Enchiladas, Chile Con
Carne, Hot Tamales. Grab Meat,
Shrimp, Sardines. Caviar, Tuna Fish,
Shredded Cod Fish. Cod Fish Balls,
Flaked Fish, Boneless Herring, Royal
Scarlet Beef Stew, Cooked Brains
Triple with Milk
The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1917-11-05

Army trench mirrors 25c. Army
shaving brushes SOC. and 75c. at
Gerig's. @29-u
The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1917-11-05

Continued on Fourth Page)
The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1917-11-05
OCALA SOCIAL AFFAIRS
If You Have Amy News for this De-
partment, Call Two-One-Five
or TwO-Seven
Date of Red Cross Convention Has
Been Changed

To all Chapters, Branches and Aux
iliaries of the A. r. c.: All Florida
chapters, branches and auxiliaries of
the American Red Cross are hereby
notified that the date of the Florida
Red Cross state convention has been
changed from Nov. 13-14th to Dec.
5-6th. Prominent Red Cross officials
and workers and speakers of note can
be better secured at that time.
One of the most important of the
many features of this convention will
be the sectional conference, which
will bring together all delegates in
terested in specific phases of the Red
Cross work. These will include con,
ferences on woman's work, civilian
relief and accounting and member
ship.
The above notice was sent out Sat
urday night by Carroll H. Frink, the
state director of the A. B. C.
The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1917-11-05

The members of the o. E. S. are re-
quested to meet in the Red Cross
room over the postoffice Tuesday aft
ernoon at 2:30 o'clock to make sur
gical dressings under the direction of
Mrs. D. C.. Stiles.
The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1917-11-05
SILVER SPRINGS

See Silver Springs through the
ss-bottomed boat. Scenery not to
be had in any other part of the Unit
ed States. Largest flowing and most
beautiful springs in the world, some
thing that can't be described or ex-
aggerated; real geisers under water,
the Blue Grotto, Bridal Chamber,
Florida Snow Storm, Ladies' Parlor
and other beautiful spots too numer-
Gus to mention. Price, 81 and S1.5O;
children under II years of age half
fare. If dissatisfied, money refunded.
C. (Ed.) Carmichael,
Owner and Manager.
The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1917-11-05

ed by the legislature of 1915. Mrs.
Rockers ability, her splendid quail
ties of leadership and her well-known
public spiritedness and patriotism
suggested her Immediately for the
Craftsmanship of this patriotic COM
mittee, and she was unanimously
elected" Mrs. Hooker wrote an in
teresting letter to the Metropolis,
urging the women of the council in
Florida to send reviews of activities
of various units to the Metropolis
regularly, through Mrs. Frank E..
Jennings, editor.
Mr.. w. w William, state Baptist
Sunday school secretary, arrived in
OcaIa Saturday Sunday morning he
occupied the Baptist pulpit, speaking
ON the master Teacher" Each morn
ing at 10 o'clock and evening at z
O'Clock this week he will conduct
teacher training work at the Baptist
church. All interested in the work are
cordially invited to attend these meet
ings.
Mrs. Order Perkins is entertain
ing the embroidery circle at the
Presbyterian manse this afternoon.
The members are knitting for the
Red Cross today. This sewing circle
does Red Cross work one Monday out
of every four.
Miss Ruby Knight of Ocala, who
has been visiting her sister, Mrs. A.
NJ Bobbitt, left Thursday night for
a visit with friends at st. Petersburg.
Clearwater notes in Tribune.
The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1917-11-05

Mrs M G. Chambers expects to
leave next Monday for Miami, where
she will spend the winter at the
Rutherford hotel.
The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1917-11-05

Have your prescriptions filed at the
COURT PHARMACY, where you can
be certain that they are compounded
of the best drugs, the utmost care and
without delay. 17-n
The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1917-11-05
ESTRAY NOTICE

Taken up: One black male hog;
four white feet and white face;
weight about 300 pounds; mark, right
ear crop and one split, left ear under
slope. Owner can have same by pay
ing for this ad. and cost of upkeep.
Limas Williams, Santos, Fla. 29-6t"
The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1917-11-05
PLUMBING AND ELECTRICAL
CONTRACTING

When you have plumbing or cleo
trical contracting, let US furnish you
estimates. No job too large and none
too small. If 81. W. Tucker.