davidaulloa/AmericanStories huggingface dataset:
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1917-04-10
elterre brt >se5iebnoen NIT rerenieten Stootsn ob

Dab er Sidtiienole in ser gl1be Der
6orts bon Geiterro bemertt babe
wcl6e gegeu oie militdriiden 9eitimr
mungeu wareH oie fir ole Sorts
eelten,
Die Nadricbt ooB oie a9orana"
6eihoiien wlroe, nod0cm iie beriett
porocu NOR, bot bier ole @ntriihmg
iiber oen 8oriaa nod seiieigert
Bis 6 llbr 9lbenos. bate oas ans
m6rtiae gImt feline @2iiibeihma bon
DER @driier @eiouotihoit be3iiglid
ocs &erientens Der a@arona". Ser
oeuticbe @eianOte bate cine iilui8ig
g1inuten langc Gonieren3 mil grdli
oent 9ro8 itno oes apswdriiaeu Nit
niiter 2ouro Wluacr.
Gie 8eitlng ~ gloiie" ioat ooB
Die @onieren3 ole &alhng Der 9le.
gieume niAt beeinimBte.
Ger u@iiaoo" bon Soo 4oulo ncr-
Ionet, ooB ii6 @rafIien ouf Seite
Der Ser. Staoteu itelle, um oie Redtc
neutraler @olfer 8u peribeioiaen
wel6e einem &orgeben obaeneiat
iino, neil iie ibre 9eitimmuuo uidlt
begreiieu.
@atriotiide Demouiirotioueu mur.
oen ben gon5en Sog iiber ioriaeieVi
aber es fam 81 teinen lluuben. Gs
beiBt. Die 9iegiermg marie 0ie amt
lideu D1elolmgen bon Gber1oura uno
&aris ob Sn auttlihen arciien 5mci
felt mou uiNt, Dab sic Hegeun0
llebereinitimuuuG NIT ibrcr bel
ginn Oes uRbeiArdnften (audMp
friegeS Geuti@lono aeacbcru gSo
nling oorgeben miro.
Eardna" biellciMt uu
Dt line gerotBcu.
9lngabcn in bicligen 3eihn8cn
melAc oeutideu oiplomotiideu @e.
omten 5ugeidrieben meroen oeutca
an Dob Geuti9lono in gl6rc0e Iicaen
mag, oaB Die oEarana0 oos Cpicr
eines SouhbooieS wuroe. un0 bc.
baupteu miro, oaB iie uA cine briii
ide ooer iron5aiiibe Miue gcrotbcn
ieiu mag, ooy yes lmmogih ici ooB
eiu oeutibes GopAboot 10 nobc bei
&oUre mon6uerireu f0nnte Ger oelli.
icbe @eionote ioa geouBert boben. oas
oos 8eugHB oes &oHmon0ontai ser
oEorana~ Gcroucbt 3ulolie. neil IL
tin 4orhi0ieIe iei.
Nrgentipien blctht 6ei
ieinem @ei3eu Gut
borgo.
8ueno8 9lireS, 3. April
glrgentiuien mar Deite iibcr 9eridte.
bob oic Ser, Staoten lih ser 0ro.
bung @ngIanO's anidloiieu. glrqen
tinien feline aoDlen 8u lieiern menn
es iein &ci5en, ,gllshtbrper0ot nihf
ouf5ebe, iebr ouigeregt Gie @lel
ouug lolitete. OoB HedtS Gouiuleut
@olt oes Stoots. Deportemcnts IN
&oibiugtou nit oenl britiiAen 9oi.
i6after Sprine giice ilber cinen fol.
den Sdritt conierirt babe.
0ie or9cntiniideu @eanten paren
beute iiber oeu &Ion iebr oitige6radlt.
Gie D@poca" ooS Grgon oes Nrdii
benton Srigo0en Iagte: Scr &r1
iioent bon glrgentnien miro nid uu
ter Dem Grtd uidt bonn @iooe ieiner
BiliAt a6weihei.
Die 9Sa 3dcion" iaatc uqlrGenii
MEMS @ci5eu@mbargo III nr Der.
fil9t moroen neil Der g9ei3cn iut
Sanoe bcuoibigt miro"
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1917-04-10

Gus GiOOilen unO Ot6ieren 5uranmeOoeGeBt
M(aBuabmcm far Cooperation 5iuidbem amerfamis
ftber uuS 9HitrtemTlUttem

meinen WhmitionSbeb0r0e an. 9ln ole
Spite OerIeI6en tritt Serr 5ranf u.
scott, elm 6o6rifont bon @lepelano,
Ohio; Oie qlufgobe Der neuen Gorper.
ibait miro Ieiu Die 6lotte imo Die
9lrnee nit Der n0t6igen Wllruition
su Derie1eu Iieier 9eb0roe miro eS
au6 ii6erlaiien iein, 5n enti6eiOen
mie biele g(r6eitsfrdite Die SnOuItrie
0es 9anoes braudt
Gic ueuc @eb0roe icbt ficb aus 90
W}dnnern 5uiGmueM BON oenen lG
fii5icre Der 9lrmee, be5p. Scr Slotte
limo. 9le6cn Srn. Scott iino Ole 81.
Dililten-@}itglieoer 0ie SS. Bernard
sc. 9oru6, Somaro 6. Coffin, Su-
illus &oienmolo unO Or. 5rantlin
@lortiu.
Son Der 9(ruec geb6rcn Der 9c-
6oroe an: &rigoocs @enerol Gbomos
GruIe, GberIt s. IS. Sooeion, 0bert
s.. Slider, SberitIicptenout s. Is.
Softer, Wloior q. 6. @ierce, @}oior
GborIcs @oloce uno Gapitn g. ..
@orfcr; uuo pon ser 6loitc Gontre.
glonirnl S. s.. 9touiieut Gontre no
mirol 9S. 2. Gapps. GommonOer 81.
$. 2eigb, Gomniouocr z. q. aeor.
neD, Or. Sc. 6. Solconib, 3ablmeiltcr
s. S. Sarcod, 2ieutcpant g9. 9.
2cmlD lm0 8. @lcSope.
Sr. Scott Gilt ais cine Der criteu
g(utoritGtcn oeS 2onocs iii Scr ser.
Hclung bon @Atnitiou. 1ie neueu
GiDiIMitglie6cr boben oiel nit ser
9iefcring bon @cOorfS. .glrtifeln on
Die entente 5ll tbuu aebnbt. 0ie
Mitglie0er bon ser 9lrmee uno Slottc
iin0 SuhberitdnOige in Der 8erItci.
lmg uno 8ulrt6cihmg bon Nhmi.
tion.
Cooperation Scr S(lliir.
ten SIotten.
g9oibirgton 8. 9lpril.-Go.
operation ser omerifoniiden Slotte
nit 0enen Ger 9laiirteu ipar DER &c
0euiidno eincr longcn Gonferen3
omiid5cu @rGiioent s8ilion mo @lo-
rine Sefrctdr 9aiielS.
Spdter wuroe befouut, DAB bcreitS
0ie erItcn Sdrittc fiir Elm iolbeS az
tibes 3ulammcnarbcitcn geibon NOR
0en iino. SSel6c &oIlc ole dncrifo.
nii@c 6lotte ipielcn ioa, oas wuroe
nibt befannt 9egeben.
Cine @6uie Der @ldne in 0ieier
9fibtng bc5iebt ii6 ouf Die Sroge
Der 2ieierimg BON 9eooriSartiteIn
/ fir 0ic 9laiirten.
@r. OoniclS mar andj III Der &o9c.
Dem @rGiioenien 81 crlGitern melde
SHritte bereits getbon worocu iiuo,
Inn in ser oenfbor fiir5eIien 3eit cine
&iiiien@atrouiIle 81 iHoifeu, welbe
Ger Submarime.ejeiobr EroB bieten
fonn
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1917-04-10


EittSburg6, So 8. 9lpril.-
&iQiom S. &eit G6onas 2. Saul
Jon uuO Senn0 See iino in 8erbiu-
oung nit ser geitrigen @rploiiou in
Der Sort &etit. 9lnlage Der gletna G6e-
niicol So. oer6aitet moroen. sic bot
ten nod 9lngo6e Ser &oIi5ei mar
firte &orteu ser &ereiui0ten Stao-
ten mo oes &anamafonalS, iorpie
9toti56ii6er nit ani6einenoen 9(ui-
3eidnun0en iiir G5fiffe-S6rift in if
rem 9eiib- Gie @rploiion in Ser PM
la9e botte cinen SDaGen BON $780,.
0O0 augeritbtet.
GirgefGbrli6es es 9}oti36uA.
$olbroof @iaiiy 8. 9lpril. ~
Gie &oli5ci 6euoGri6tigte 6eute oie
9unoes6e66roen bon ser &er6aitiug
5lpeier Nldnuer. Ger Cine botte Elm
9}oti3bucb bei iicb nit Sen 9(oreiien
mebrercr W}lulitionsio5riten. Gie
gerbafteten iih G6orleS Sliper lmO
9lrmanO Erem6lop. Sic murOen BEL
einem &eriicbc, IN cine 2eoerfa6rif
ein5ubrebeu, o6geioBt Son ben 9lr-
reitanten miirOe ie0er 9hispeis Der.
wei9crt.
@ttt$bur9b, ga, 8. 9lpril.
0eurD @oaeus, ser nab g(uSiage ser
9e6oroen elm Scemam emeS ser
Oenti6en S6iffe it, Die bon Der @un-
oesreaierng in lester @o1e in So
bofen us, iibernommen mlr0en,
mliroe 6cirte bier bon 9lgenten 0eS
Suiti8oeportementS in &oit genom-
men lmO inter ser 9eltinnnuig in
Brdiioent 8ilion'S 9otl6ait iiber sic
9ebon0lng bon 9hlslGnoern Dem
SoilntD- @eidn9niB iibermieien.
gGoaenS bate einen an cen tribe
rem 9eieGls6aber oes Oeutlden Stills.
freujers ,,Brin3 6itel 6rieori64 ge-
ri9teten 9ref bel lid. @r tbeilte oeil
9eamien nit, er fcimc oen @efeblS-
sober, ser i6m Den 9luitrog ge9eben
61ttc, eineu 6relmo in 9ittSblrg6
aui3uIpC6en. Der 9riei iei cine ein-
ioGe @eitGtiglmg, OaB er oen 9Iuftrao
ouSgeiiibrt babe. Ser 9ricf muroe
nod ni6t per0ifentliht. @oaens
miro, wie befonnt 0eno6t wur0e,
bier iuternirt peroen, pelm i6m ni4t
6eiouoere @ewenOuug gu ieinen
@unlicl 3ut6eil miro.
9ei 81 iidfe6r aus % }erif 0
ner6nftet.
9foQo1es 9lri3y 8. 9(pri(. n
So6u gS. g9eiB, Elm Geutider, puroc
bcute bier wegeu &erIebrng ser 0}eil4
trolitdtsaeiebe OeS 9ouoes oerbaitet
g9eiB batte iib nod Gonanea in 0enl
merifouii9en Stoote Sonora 6ege.
ben lnO uar Oonn na6 gtogales
9lri3, 3llriidgeie6rt. 0ie &er6aitunl
erfolgte ouf Oic @eiiung, feinOlibl
| 9luslGuOer, melhe ii6er Oic @ren3l
noG Merifo geben iuto ipGtcr mieOcl
5uriidfe6ren fcIt5une6meu.
9Siclc 6urpOrntiOnen antsr g(uflasc
9sem 9ort 8. 9lpriI. 0i
9un0cS @roB-&ci6morenen bobel
6elite Oorl6niige 9luflaaen gcaeu 3
Gorporntionen un0 1S &uoioioucl
cr6obeu. Zen 9lnaetlaGtcn miro Dor
0cmoricN olircb 8eiticblma qeuiiic
| &oblenprciie oas Sbcrmon'id5c gluti
SrIlt.8eleB 0crlett 81 6aben
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1917-04-10

meigertc iid) ober, cine gSieoernomlf
nation an5uuc6men. 4Srdlioent Gleoe'
lanO ernanntc ion i'm @idr5 1898
sum @eneralanmalt una I'M SUM
1895 ais 9}a1iol9er gSalter 9.
@rei6am's sam StaatSietretdr. Nls
Staotslefrctdr bate cr iicb NIT oem
renSoloniiHeu @ren5iireit 81 bel1dI'
tiQen. 5owo6l RrdiiOelt Glepelono
ais audi SlneD maren iih oariu einig,
OaB Elm ieiteS &cr6arrcii mti ser
Dlonroe- Gottrm bel oieiem 3wiit no.
tbig mar, ln0 lieB iitb Gn9lanO oeun
oi6 5ur i6ic0Sri6terli6en @rleois
gung Der 9lnqelcgen6eit berbei.
SlneD trat audi fiir ibieosri6ter.
Iibe GntIdeioung aller Dispute 5lpi.
i6en Gapitol imo glrbeit elm. SSm
Sabre 1905 opponirte 0Inep Dem
9Aau oie 9eugniB Der 6citiebln0
ser 9abnfrohtidbe einem 9uuocsbe-
omteu o0er einer 9un0eS, S,GommiIion
81 abcriragen.
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1917-04-10

9lcm 9orf, g. 9Ipril. Gic
9unocS roB-@ci6worenen bnbeu
5elte Oorl6liiige 9lnfla9en gcaeu 81
Gorporniionen m0 Is Auoioioucn
cr6obeu. Zen 9lnaetloGtcu miro Dor.
gemoricu olrcb 6eitIcBumg geuiiic,
&obIenprciie oas S6crmoui@a gluti.
SruIis@elcB OcrIcet 81 5a6en.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-08
American Shipbuilding in 1915

The Bureau Of Navigation, Depart
ment Of Commerce, reports that during
the calendar year 1916 private Ameri-
can shipyards built 1,l63 merchant
vessels of 52O,S47 gross tons which
have been officially numbered for
American ship owners and accordingly
arc now in trade or about to engage IN
trade. American shipbuilders also built
fifty vessels of 1882 gross tons for
foreign owners, making total output
Of 1918 vessels Of 560,239 gross tons
for the twelve months. The record out
put for the United States WAS 6l4,2l6
gross tons. built during the twelve
months ended June 80. 1908, and the
1918 record was also exceeded during
the fiscal year 1856, when 49, 50 gross
tons were built, all Of wood, except
seven iron vessels OF ,891 gross tons.
OF the 1916 output 152 vessels OF
414,O29 gross tons were built of steel,
which was exceeded by the output of
149 steel vessels Of 450,0l7 gross tons
during the fiscal year 1908. The output
Of that year, however, was mainly for
the Great Lakes, while most of the
steel tonnage OF 1916 has been built
for the ocean foreign trade.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-08
N. Y. TRUST COMPANIES
INCREASE RESOURCES
Corresponding Gain in Deposits
Also Reported

Albany. Jan. THE trust companies
Of New York State had total resources
OF $2,744,317,0S1 on November % last,
the date Of the last call issued by Eu-
gene Lamb Richards, State Superin-
tcndent OF Banks. On September 20,
the date Of the previous call, the re-
sources were 50 1928 A31 ,4O7, an increase
from September TO November Of s1l7,-
SS5.574 During the same period the
deposits increased from 4l,s32,0t7
TO s2,325 ,975, 624, a gain of SS3.5l3, 6O7.
The surplus of these institutions in
creased during the same period over
100000.
The seventy-siz private bankers un-
der the supervision of the New York
State Banking Department increased
their resources from Sl5,O77.577 on
September 20 to st6,070.993 on Novem-
Der %, gain OF S993,4l6, while depos-
its increased during the same period
ss09,766 the total on November % be-
ing si0,459.S14.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-08
FLOW OF OIL
WELLS REACHED
HEIGHT IN 1916
Country's Total Output
Was 292, 100000 Barrels
Prices Advance

That 1916 was woodworking
year for the petroleum industry Of the
United States is indicated in a pro
liminary estimate OF the output OF
crude oil made by John d. Northrop,
Of the United States Geological Sur
vey, Department of the Interior.
During the year 292,3oO,oOO barrels
Of crude petroleum was produced and
marketed in the oil fields OF this
country. This quantity is greater by
100000 barrels, or per cent, than
the output in 1915. In addition to the
quantity OF oil produced and mar
keted in 1918. several million barrels
were produced and placed in tempo
rary field storage in Kansas and
Oklahoma.
The following table shows By states
the marketed production OF petroleum
in 1915 and an estimate OF the pro-
duction In 1915 in barrel. Of forty
two gallons each:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-08
Monday, January s, 1917

If the statement that a national
bank under native control is to be
established in Turkey is true, the
world is certainly getting away from
the old mornings. Lending on inter-
est is against the tenets Of the Ma
hometan faith, and that is the chief
reason why good traders like the
Arabs and the Mahometans in other
parts Of the world never took TO
banking. The financial difficulties
Of Turkey, Egypt and other Moslem
countries were to certain extent
due to the impossibility OF making
the Moslem understand that a debt
increases with time. There will then
be serious problems for the Ottoman
Debt Commission and the Imperial
Ottoman Bank. 1t is very doubtful
if such a bank could be national in
the real sense Of the word. Evident
", the bank, if organized at all, will
be under German control and man
agement, and the German will find it
very hard to make banker out of q
Turk.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-08
Record reduction
of Iron and Coal

The shipments OF Iron ore from inc
MINI, IN tho United States In 1910
are estimated by Ernest 7. Burcharo'
% the United States Geological sur
vev. Department Of the Interior 10
have approximated 75,5o0,OOO gross
tons. compared with 55,493,lOO tons
IN 1915. an increase Of "a per cent
This ore sold for approximately Sl'o'-
q35 600. An increase OF about $T7,ooO'-
GOO compared with the value of the
1915 output. Ore in stock at the
mine, is estimated at approximately
1O,4sG 900 gross tons. compared with
1S,74s,732 tons in 1915, decrease Of
nearly % per cent
O, the total shipments OF iron ore
64.734.1ss gross tons was shipped ~
boat from the Lake Superior distric1
according to detailed figures from the
docks Of upper lake ports published
recently BY "The Iron Age" and pos
sibly 100000 tons in addition was
shipped by rail, making the probable
total shipments from the mines IN
tho Lake Superior district more than
100000 gross tons.
Tho shipments OF iron ore from all
tn, other important iron-mlning dis
tricts in the United States showed IN
cresses ranging from 80 to ~ per
cent.
The production and consumption OF
coal In the United States In 1916 ex-
ceed.d all past records. The quantity
Of bituminous coal mined last year 10
estimated by c. E. Lesher, Of the
United States Geological Survey, De-
partment Of the Interior, as slightly
more than 500 100000 net tons, an in
crease. compared with 1915, of more
than 66.500000 tons, or 10 per cent
and greater by 100000 tons than
the record Of 1913. Data furnished
BY the Anthracite Bureau OF lnforma.
ton indicate that the production OF
anthracite was 8S,312,-
900 net tons. about 100000 tons less
than in 1915. The total output or
coal in the United States is thus
estimated at 597 100000 net tons, and
the official figures when compiled may
show 600OO0,00O tons. compared with
SIC. 600, 900 tons in 1918.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-08
Capital Must Be Conserved

Then he mentions some Of the things
which he deems particularly applicable
to our own welfare. Our capital re-
sources should be conserved. We should
not allow riches TO interfere with our
progress There is danger, he thinks,
that wealth will produce the opposite
OF necessity is to say, extrava-
gance, Incidence, waste, indifference
and stupidity the result OF which will
be failure IN world competition. He
thinks there should be scientific tariff
legislation to protect American pro-
ducers against goods produced abroad
at very low costs. He speaks at length
against discriminatory legislation. and
cites the income tax, which, in mis- opin-
ion, is discriminatory, in that nine
,enths OF the people are exempt. He
concludes;
With our wealth. our opportunities
our geographical situation. 4 We are a
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-08

The war has not been al prosper
ity for Canada, and the mother coun-
try cannot thank the Dominion
enough for the aid rendered during
the last twenty-eight months. With
the last credit of S5O,OO0,000, the
Canadian banks and government
would have accommodated Great
Britain to the extent Of S250,O0O,000
The volume Of trade Of the Dominion
has risen to dizzy heights, and the
balance in its favor for 1916 is eX-
pected to exceed S5OO,OOO,OOO. But
there is a reverse side to the shield.
The net public debt is now about
$500, 100000, and at the present rate
Of war expenditure the debt will
soon be S1,00O,O00,0OO. The interest
charges will amount to S45,000,000
a year, with an additional $20,000,-
600 for pensions. The revenue be-
fore the war was S160,000,000-half
Of which was derived from the Gus
toms and from import duties. All
sources of taxation short Of capital
taxation have already been tapped,
but the increase in revenue during
the last two fiscal years has been
mainly from the duties on imports
needed to carry out war orders. The
close of the war will find the country
with a serious shortage Of revenue.
Capital imports from England can
rot be resumed, for obvious reasons.
There is, however, reason for gratiti-
cation in the fact that the United
States may take the place of Eng
land in the matter of supply of CAPT
tai. The Canadian banks are in an
unusually sound position-under the
circumstances; upon them will fall
the burden of plotting the country in
the inevitable period of stress.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-08
NEW YORK PORT HEARING
WILL BEGIN TOMORROW

A hearing on the New York port dif-
ferentials case, the issue raised BY
New Jersey to have its side of the Port
Of New York placed in a different
freight rate zone, will be started oy the
examiner for the Interstate Commerce
Comnission tomorrow in the Chamber
of Commerce Building, So Liberty
Street.
Twenty -four commercial and civic or
Plantations will be arrayed on different
sides Of the question, which affects not
only the North Atlantic seaboard, but
the entire Eastern trunk line TERRITORY,
and through it railway and coastwise
freight rates for the entire country.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-08
MARKETS AND COMMERCE rs

united people, free from internal sntaEon-
ism. and unnecessary troubles friendly 70
,,ch other and also 10 the people o. All
o,h., nation, alike. and with reasonable CO.
operation between tho business intere s,
and the government, we arc rnp. ,l. "a
W .sn snd should continue 10 be the Lad
Inc nation Our future depends largely
upon ourselves. Reason. prudence esut .,''
courage. Justice. cooperation and eonciIla I
ton are requisites to economic growth ana
str,ngth. They have becoms prominent VI
our deliberations and practice: The iounos,
ton for optimism as 10 the long future ol
-. MANY reasons 10 be hopeful, but there
are signs Of future uncertainty.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-08
FINANCIAL MEETINGS
NOTICE OF ANNUAL MEETING OF
lnAl OIL 4 lAA CAMRANA

THE ANNUAL MEETING OF the stock
holders OF this Company Will be held on
the 22ad day OF January 1917. at o'clock
In tho afternoon. a. the ONCE OF the cor
pOration, 81 Wall Street New York City,
New York. Tor tho purpose OF electlng a
Board OF Directors TWO inspectors To serve
~ all elections q stockholders during the
ensuing year and receiving and acting
upon the reports OF ne ohcers and Tor
the Transaction OF such other business as
may properly come before the meeting.
Dated. January 5, 1914
LOUIS d SPEIR Secretsry.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-08

Insurance companies all over the
world are already faced with prob
lens which were, to say the least,
unexpected. So far as internal bust
ness is concerned, whatever Difficult
ties may arise can easily be adjust
ed, but the growth of insurance
business has been concomitant with
the extent Of territory in which
they have operated. Life, fire and
marine insurance companies have
operated in all parts Of the world,
wherever their head offices may be
situated. Marine insurance is least
complicated, because the risk does
not extend beyond a single voyage,
but in the case of fire and life com
panies premiums have been received
for several years, and the companies
have large liabilities. Before the
war the. European companies were
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-08

The extraordinary ease with which
Peru has been able to relieve itself
of its financial difficulties is I'M
paralleled in the history OF South
American countries. Prior to 1914
Peru was in a state of chronic in
debtedness; when the war broke out
the country was so seriously crippled
that it found itself unable to pay the
salaries Of its diplomatic and con-
sular officials. The situation began
to take a turn for the better early in
1915, and since then the progress has
been a record. The republic has not
only been able 10 meet current eX-
pcnditure, but has paid off 100000
OF the previous debt. This transfer
nation was effected by the change in
the nature and volume Of trade. Up
TO 1918 the balance Of trade in favor
of Peru has been at the rate Of about
$40. 10000 to S15,OO0,O00 a year; in
the year 1915 her favorable balance
was $50, 100000, and in the first six
months Of 1916 it was $23,0O0,0OO.
The exports Of all articles have had
notable increases, and the trade in
sugar, copper, wool and crude
petroleum is worth special mention.
But the most noteworthy develop
ment is the unprecedented prosperity
Of Peruvian Joint stock companies.
Banks, insurance and public utility
companies have had a very prosper
Gus two years; the dividends paid
range from 40 TO 3 per cent-the
average being over 6 per cent. Gold
is being imported, although most of
it goes into circulation, and the
paper currency is being redeemed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-08

throughout the country, not only !"
proved areas, but in places far from
developed areas Of oil and gas Inc
greatest wildcat activity was In Nan
,as. Oklahoma, Texas and Wyoming
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-08
METROPOLITAN TRUST COMPANY

OF tho NY OF New 1Ork.
The annual meeting OF the Stockholders
OF this Company for the election OF Direc-
tors will be held a, the once Of the Com
psny so Wall Street. a. twelve o'clock
noon on the seventeenth day Of January.
1871 Tho stock transfer books will be
closed at 3 p. NJ. January 9th, and re-
opened a. 10 A. ". January 18TH, 1917.
GEORGE ". HARTMA&N. Secretary
New York. January sih. 19I7.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-08

The total area OF forest lands in
Canada exceeds 60O,0OO,000 acres. half
OF which is studded with merchant
able timber. In Newfoundland there
ar. over 10000. 100000 feet OF tim
Der. ons-third Of which is pine.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-08
MR. GARY SAYS
BE READY FOR
WORSE TIMES
They May Not Come, but
Counsel Is Confused and
PrecautiOn Is Good

Ebert II. Gary, chairman OF the
United States Steel Corporation, in his
annual Statement Of Conditions and
Prospects" dwells first upon the char
acter and magnitude OF the prosperity
existing in the country. The expendf
lures for necessaries, luxuries and
charities in the last year were greatly
in excess OF those for any correspond
ing period. Ours is the richest nation.
We have the most gold We have be-
come a creditor nation. The annual
productive capacity Of the United
States exceeds in value that Of any
other country. We are practically self
contained. The demand for steel and
iron. Of which he speaks with expert
knowledge, exceeds the supply, though
in 1915 the production was about ~
per cent greater than ever before.
Conditions in this field reflect general
business. Great prosperity prevails.
And yet:
It Is apparent that as q nation We are
to q certain extent mp in the air; that We
havs no sure foundation for an unintsr-
ruptsd continuance Of the present volume
and profit In some and perhaps many
business lines that in many respscts con-
ditions are influenced by circumstances
which are unusual.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-08

The reason we are Cup in the air" is
that nobody knows what will happen
when the war ends. Mr.. Gary does not
undertake to say. He merely reviews
the cause and its effects: