davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-01
ReAexes Of War

According to a United States con-
sular report, the effect of the war mas
been very serious to the granite In
dustry of Norway. Steel used IN the
manufacture of tools for quarrying and
cutting his trebled In price, while blast
ing powder costs nearly twice "hht !
did in the early months OF 1914. ~"
tho increased cost of building mate
rails and the rise in wages puilolhH
operations have practically ceased.
Very few building contracts are oelhs
made. and, consequently, the Genlan'
for building stones 10 quite sthaii cum
pared with what il was before the war
The export trade. on when tne Pros
perity Of the industry mainly depeHuS'
has been almost brought 70 stsnu-
still since the outbreak or war LIZ
tie more than 10 per cent OF the WORK
men normally employed are now occu ,
pied. Although granite has been useu
in Norway from time immemorial. 1t -
only within the last forty years tnat
tho industry has assumed important
dimensions. which has been due al
most wholly to a growth OF large
exnort trade. Indirectly. the granite
industry prayed D<lolN NhN ''' =
nortant mart in the economic condition
of Norway. giving. as the export tIaue
does considerable profit 20 snlpplhR'
What II meant 20 Norwegian shipown-
ers will be appreciated when IT IS
stated that in 1913 over 10000 tons
vera exported 70 Argentina, where
Stone is very scarce. and the frelSht
charges were more than the value OF
the granite at the port OF export.
Japanese exports of potassium ch!o-
rate 20 America and other destinations
arc increasing at a remarkable rate
THE Japan Advertiser" states that ms
,rade DEVELOPMENT is regarded as
sign of the country's industrial prog
VOC. The article was principally I'M
norted from Europe before the war, 20
poat the increasing demand from match
manufacturers. When the war oroKe
o,,t and shlpments from France stopped
Janan's total supply was only % par
reis month. "The Advertiser says
hat The government was urgently re-
ouested TO place a strong RESTRICTION on
the trade, while az the same time 1he
manufacture Of the goods was ehco ui
AGED. The production IN TINS county
now far exceeds consumption sunni
times there is such large increase
hat the market is affected and prices
come down 70 very low points, but the
nresent export boom. if we'll maintained
vii nroyc a stimulus 10 the business.
One of the effects of the war scare
Of the summer in 1915 in China, when
for time it looked as if the Japanese
demands" would be backed IN by
force. was the IMPOSITION Of bovcott
on Japanese goods sold in China. Al
though this boycott only lasted ? lew
mooths. the cutting down of the i'm.
ports Of cotton goods tthe supply OF
which came very largely from Japan
ave a stimulus to the native Chinese
cotton industry. The cessation Or I'M
ports from Europe has also aided me
native manufacturers As result he
industry has made great progress. No
statistics are available for the current
year. but at the end Of 1915 here
were thirty mills in operation. with
l.O2e.2lS spindles and 4,6l0 looms.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-01
Monday, October /. 1917

In every bank rich enough to lose
money on a skyscraper there is
commodious room whose interior
looks a good deal like a country post
Office. Some call it the room of "a
thousand odors" and others the "mu-
scum of white lies" To prosalc
souls it is only the credit depart
uent, maintained for purposes of I'll
inc information respecting the finan-
cial responsibility Of large borrow
ers. In a war period these depart
ments work overtime, so as to tigure
out the dollars-and-cents risk of in
surfing a business against the vlcls-
STUDIES of a disturbed market. These
calculations change from day to day
in accordance with the shifting Of the
Russian campaign, progress OF night
ing on the Western front, the ups
and downs Of the foreign exchange
market and man9uvres by Germany
in an effort to procure an early
peace. With the development Of
American business activities in for
eign fields and the curious changes
that have come with the record prices
for raw material, the financial posi-
ton of various great industrial con-
Germs has been more or less altered.
The lender finds it necessary TO take
into account all these developments,
so as to Judge the soundness Of the
policy pursued by a borrower and to
ascertain whether he is entitled to
more credit or less. The problem is a
ranv-sided one. and must be con-
sdered with reference TO the intel
lectual fitness Of men in command Of
the finances. The type Of ability
fitted TO cope with the difficulties of
a well understood home market may
Re unsuited for the problems en-
countered across the sea. Thousands
of men equipped to win out at home
may lose in the struggle abroad. 1t
is Of all things essential, therefore,
that the lenders should be able TO
,ell when a borrower has gone be-
yond his depth.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-01

CT the work, however, and in many
cases the real owners Of securities
never see them unless some one dies
and the family stronghold is opened.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-01

In the national convention of bank
ers gathered at Atlantic City last
week the country banker was the
rlost interesting figure in the assem-
blage. His vision has been broad
ened by the complications of the
last three years, and he has been
quite as progressive as his city rival
in estimating the force Of the
changes that have been brought
about by the war and the financial
reimbursement that has accompanied
it. AS a money market expert the
country banker is often shrewder
than the city banker, for the reason
that he is far enough away from the
Stock Exchange TO deal only with
the commercial borrower. For these
reasons he has TO keep in close
touch with the mercantile conditions
not alone in his own community, but
in neighboring markets as well. He
is by nature an optimist, provided
the crop outlook is favorable and
the price of wheat is sufficiently high
to insure margin of safety in agri-
cultural operations. These conven-
tons have done a great deal to equip
the country banker TO take a long
range view of conditions and to for
tify his technical knowledge with
the good sense which one gets from
brushing up against other men who
have similar problems to wrestle
with. The city banker also has
gained immensely from the atmos-
phere created by the presence of
several thousand country bankers
il a great convention.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-01
Rock Island Squabble
Aired in Washington
Charges Made in Fight for
Proxies Attract Attention of
Commerce Commission

WASHINGTON, Sept. 30. A new
fight for control Of the Rock Island
Railroad, out of which charges have
grown OF renewed attempts Of Wall
Street TO regain control, has been
called to the attention of the interstate
Commerce Commission, which a few
years ago conducted an official inves-
tigation of that road.
The fight will be settled at the an
nual meeting of the stockholders on
October II, but a battle for proxies
already has begun which may decide
the question Of control before that
meeting. ~ l.. Amster, chairman OF
the stockholders protective committee
which aided in the roads reorganiza-
ton, has issued an appeal to stockhold-
ers to send their proxies TO him.
at has become more and more evil
dent" Amster's appeal to the stock
holders says, that unless the stock
holders at the coming election elect
a board of directors representative or
themselves your property will certainly
slide back into the hands of the same
Wall Street financial interests who were
responsible for the past ills of the
Rock Island"
Another statement sent out by
George II. Crosby, secretary of the
company, submits list of prospective
directors, including James Z. German,
John G.. Shedd and James A. Patten, Of
Chicago, present directors, asking
proxies to be voted for these men, and
says the stockholders must decide
whether they will give their proxies to
the proxy committee, TO be voted for
the list OF directors submitted, "or give
their proxies to Mr.. Amster, TO vote for
the men of his selection, as yet UNI
named"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-01

In the cubby-hole Office of great
Wall Street bank a shrewd, sharp
eyed little man sits day after day
scanning the contents of great
leather portfolio. He has been at this
work for many months, spending
hour after hour in going over the loan
slips of great borrowers. The task
vas determined upon before the
United States entered the world
war, for the purpose Of converting
the banks paper into the kind of
security that could be discounted at
the Federal Reserve Bank. Through
this means the institution has read
idsted an immense volume of its
paper into the "acid test variety
which can be rediscounted at the
Federal Reserve Bank whenever the
lender wishes to do so. This means
that the commercial notes, drafts
and bills must mature within ninety
days. The move is of great impor-
lance, and shows that under the
stress Of war necessity the work of
substituting dscountable two-named
paper for the main body of Straight
notes." which now represents the
bulk Of the commercial obligations
Of the nations, is being taken up.
1t means also the ultimate abandon
ment by most branches Of business
of the oldtime cash discount system
and the general adoption by the
country Of trade acceptances on the
lines laid down in the Federal Re
serve act. If this is done the banks
will be relieved from the strain in
cident 10 the borrowings by mer-
chants of funds sufficient to procure
the necessary cash discounts. The
banks are gradually getting away
from the old form Of single-name
paper and getting their customers
to substitute for it the more scien-
tlfic form of two-name commercial
obligations.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-01
Italian Shipping Combination

Particulars now received in this coun-
try show that the new Italian steam
ship company. the Transoceanics,
which has been formed at Naples, rep
resents a fusion Of several Of the lead
ing Italian shipping companies, and the
largest shipping combination which
has ever been formed in Italy.
George Pierce. of the firm Of Pierce
Brothers, managers of the Sicula Amer
icana Line, is TO be president. The
board also includes Messrs. Brunelli
and Biancardi, the joint general mana
gers of the Navigazione Generate Ital-
lana, and Senator Rossi Martini di
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-01
Overseas Trade Outlook

Stanley II. Rose, commercial agent
in charge of the New York branch Of
the Bureau OF Foreign and Domestic
Commerce, says the return OF peace
will not bring stagnation in the out
going overseas trade Of this country
Mr.. Rose, In the course of his Off
cisl duties, not only comes in touch
with a large number of foreign buyers
and fnanciers visiting this country,
getting their views as to the future,
but is able to base his opinion on in
formation contained in reports TO the
Department Of Commerce from its spe-
cial representatives abroad and from
consular officers in all sections Of the
world.
Practically all Of the reports com
ing in at this time indicate that the
demand for American products from
the four quarters Of the globe will be
in unprecedented volume as soon as
peace is declared. The enormous ton
mage now being built BY the United
States. Mr.. Rose says, will find full
employment in transporting our prod
ucts abroad. Not only will there be
an immense demand for American raw
and semi-mdnufactured materials, TO
be used in the reconstruction Of the
war-wasted sections Of Europe, but re-
placements of machinery and many
other products will have TO be made
in practically every section of the
world. owing to the inability of the
various countries, both neutral and
belligerent, to obtain full supplies
durinc. tho nerind Of the ,nar
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-01
Railroad Earnings
PENNSYLVANIA SYSTEM

PENNSNIt ANA > Eh
Revenues and expenses for the month of
August as compared Win previous year.
line, Fast; Amount. Increase
Total oper. revenue. s3i.s6t. 1896 s+.653.5eo
Total oper. expenses
Including railway
tax accruals, etc. o.. 23,27S,01o 9,4Sl,Tl4
Railway oper. inc. $685. $50 si72.tst
Total u.[ oper' revenue. sr6.t2s.45s s,,aea.sa,
Total oper. eSpensea
Including railway
tax accruals. etcl DO. 11.1O.es2 1,oII,oI3
Railway oper. inc. .. s4oo7.777 -s313.s4r
Decrease.
NEW YORK CENTRAL LINES
Revenues. expenses and operating income
for the month Of August, as compared with
the previous year:
New York Central Railroad
Excluding Boston & Albany Railroad
Operating revenues Si9 54O,573 Sl,4o2.E51
Operating expenses l3.553.Oo5 2.599OO4
Net oper. revenue D.. s5.9a7.5t3 .si.i25.547
tsses ,.i:,: -; s' ,s95 aofs az
Total deductions. s832.e56 5000. $50
Operating income ... 5,l54 ,657 'i.376,233
Other income ........ 1,Soo,o5o "2.9oS,o4S
Gross income ...... s6,5lo.is3 81. SOC. o56
Deduct. from income. 3,-5+,sO3 45.Ol9
Net income ........ s3.o55 2ee 80 1851 .o7e
Boston & Albany Railroad
Operating revenues s2,o93.71s s214,o13
Operating expenses 1897. o98 49,. 437
Net oper. revenue. g. s4se.s2o 's217.424
One twelfth annual
taxes ....... 6+5f4 '4.3o4
Uncol. railway revs.. 50 Is
Total deductions ss4.s72 1920
Operating income S31.7E 'H3, l53
Other income ........ 27so2 .7.l35
Gross income ...... s4596ls $40 .2es
Deduct. from income. 423.2N 2O.e66
Nat iucans ...- $685. '$24i.234
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-01
NOTICE OF SPECIAL MEETING OF
STOCKHOLDERS.

Notice Is hereby given that Special
Meeting OF the Stockholders OF me Sew
York. Kew Haven and Hartford Railroad
Company VIII be held IN Harmonic Han,
10 4 Fin Street. in the Clty OF New Haven.
Connecticut, at three o'clock n the sttef-
noon Of the twenty fourth dag % october,
1917, Il the Annual Meeting shall nave ad-
'ourned at that hour; X not. then imme-
diately upon the adjournment or -ala An
nual Meeting fOr the following purposes;
l. To act upon the acceptance OF mo
amendment 20 the charter Of this cor
uorat.on contained IN an Act 81 mo
General Assembly % .he state ot Con
uecticut. approved May 18TH. 1917. en-
titled. IAN Act Amending the Charter
u The New York, New Haven ana
Hartford Railroad Company IN ref
erence 70 the issue OF shares or pre-
ferred stock. -,
: TO act upon the acceptance OF the
Amendment 20 the charter % this cor
porstion contained IN an Act passed BY
the Commonwealth ot Nassachusetr,
Approved May 25th. 1917. entitled. An
Act Relative 20 the Issue OF Preferred
stock by The New York. New Haven
and Hartford Railroad Company
3 To act upon a proposition 20 suthorit@
the issue os not exceeding four hundred
and nfty thousand (i50 000) shares -
cumulative preferred stock Of the par
value Of one hundred dollars Sleol
each the holders Of which shall be en-
titled 20 receive out OF the annual ne,
income OF tho Company. dividends OF
not exceeding seven per centum per
annum.
For the purpose ~ this meeting the
transfer books OF the company VII
slosed from october 10Th 90 october -fih'
1917. both days inclusive. 49,
Dated az New Haven. Ccnn'cilNuti NV
first day Of October. 1911
By order Of the Board Of Directors,
ARTHUR +. CLARK. SsorstArN
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-01
FINANCIAL MEETINGS
THE NEN YORK, NEW HAVEN AND
HARTFORD RAILROAD COMPANY.

To the Stockholders u The New York. New
Haven and Hartford Railroad company
Notice is hereby given that me An.lal
Meeting z the stockholders q The N,W,
York New Haven and Hartford Railroad
Company VIII be held 70 Harmonic Han,
No. 9 Elm street. 10 the Cl} ~ Ne"
Haven. Connecticut. on Wednesday, the
2fth day Il october. 1917, At IL % CLOCK
noon. for tho following purposes
/. To consider and take appropriate ac-
ton uugu The Statement u the affairs
OF The New York. New Haven and
Hartford Railroad Company flr me
year ending December 81, 1916. and al
acts described therein ~ reported az
2. To- e..tt a Board Of Directors 20 serve
until the next annual meeting and until
their SUCCESSORS shall have been elected
and qualified.
3 To act upon proposed amendments %
the Stockholders' bylaws - follows;
Amend Article III By changing ne
date FOR the Annual Meeting q the
Stockholders from the fourth Neah, -
day u october 10 eacA year 70 t"'
third Wednesday OF April % taNh
year. and by str king out the words
Chairman Of the Board and insert
ing IN lieu thereof the word Pres
dent So that said article as ameLorl
shall read as follows
III The ANNA. meeting 81 TINS cor
pOrati0u AZ which directors shAI &c
chosen. shall BE- ne!d IN ths -',E ~
New ria en-. Come cticut, on tne th!fi
"Wednesday OF April 800 each year az
u O'Clock N. a. such place - shan
b. rxed by the President or Direc-
tors
Ar,nd Articles ". VII and X BY
striking .ut the words Chairman =
the Board" nhsra er they occur ana
irserung 10 lieu thereof the word
'Prrs.deut" q. tnat said articles as
amended shall read as follows.
"IE 4 spec al meeting y ms cor
poratlon may be called a. any time d.
order of me Board u Directors ana
shall be held in the cry ~ Ne"
Haven at such hour and place az
shall be fixed by The PfesIdens or
Directors"
WI Fur each annual ard sDec'al
meeting OF the Stockholders the Board
OF Directors shall appoint TWO tellers
10 receive and count the votes cast
thereat In case OF the failure " the
p,ard ~ Directors 20 make such ap-
pointr1ent or 20 case q the failure or
insb'ilty 4 either or both ~ the tell
era 20 serve az sucn meeting. tho
President shall appoint another teller,
or teIers IN his. or the!r. places"
"Ix an The meetings ~ this corpora
ftCn shall be presided over by tho
Pres.deut. when be shall be present
r, -r.rsart any other business which
NAV rlperly come before said meeting.
For The purpose OF this meeting tho
,rans,er books Of tie Company VIII b
eiosed from october lQth 20 october 2tth,
fgf7 both days inclusive.
Dated a. New Haven. Connecticut, tn,
first day o., October. 1917.
By order ~ The Board u Directors,
ARTHUR r.. CLARK, Secretary.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-01

Every Liberty Loan offering en-
larges the ranks of savers. This is
az important feature in nation
where only one in ten of the popula-
ton carries a savings account. Most
Of the people 90 joy-riding through
life, showing little regard for the
rainy day which is sure to come
sooner or later. But the nation thrift
fund is growing as the hardships Of
a world war have forced upon wage
earners the necessity Of providing
for the day when the pay envelope
may be less bulky and there may be
two applicants for each job, instead
Of two jobs for each applicant. The
nation has made a start in purchas
ing bonds upon the instalment plan,
and with the development of this
system will come the mobilization of
a vast savings fund in the hands Of
those wage earners who a year ago
never knew what it was to purchase
a bond. This education is worth a
good deal. and since an attempt viii
tc made to reach very large body
Of well-to-do workers in the cam
paign to place the forthcoming Lib
orty Loan, the movement seems
likely to gain important Roadway
before the year is over. France has
long been a nation OF bond buyers
and over there the odd-lot buying Of
bonds has been reduced 10 a science.
The great investment banks do most
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-01
Federal Reserve Banks

o. Federal Reserve banks IN
creased hfy heavy purchases
f bills The condition Of the Of business September 2S
compared with the previous week, follows:
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1917-04-14
NOTED LAWYER DIES
John G.. johnson Rose From Poor Boy
to Top of Profession.

Philadelphia, April 14.-John G.
Johnson, the widely known lawyer,
died at his home here today. Death
was due to heart disease. Mr.. john
son has been ill but a few days, altho
this fact did not become publicly
known until fter his death. He was
II years old.
John G. Johnson stood in the front
ranks of his profession, having been
retained largely by corporations in
many of the great legal cases that
have come before the supreme court
of the United States in the last twenty
years
Mr. Johnson refused positions in
president cabinets and declined offers
of appointment to the supreme bench.
He was born in Philadelphia in
humble circumstances. his father hav-
ing been a blacksmith. Left fatherless
in boyhood he was graduated from
the Philadelphia high school and sue
ceeded in being admitted to the bar IN
1863 without going to a law school.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1917-04-14
Get ORDERS HERE
Men Who Enlist Will Be Dis
charged at End of War.
All Branches Expect Recruit
ing Rush as Result.

All argumental support for failure
to enlist was knocked from under
'.sIackers'' today when Geographic in
structions to accept men in the army
and national guard for the duration
of the war were received by c. 1. Mar
tin, adjutant general for Kansas, and
by the Topeka army recruiting sta
ton. Both communications original
ed from the war department. The one
received at the army station read:
| ITO the Army Recruiting officer:
1T is the policy of the war de-
partment to discharge from service,
at the termination of the emergency,
all men who have enlisted in the
regular army since the declaration
of war, or who now enlist. This
policy also applies to the national
guard. "MCAIN.'
General Martin said upon receipt of
the message that all recruits now en-
tering the National Guard would be
assured of discharges at the end of
the war. Those who have enlisted
since the war began, or rather since
this country declared itself INTO it,
will also be discharged.
Increase in Applications.
Recruiting offices in Topeka today
took renewed interest in their work
when notified of the war departments
order. Recruiting Officer Ragland.
of the army station, said that order
would undoubtedly result in q big in
crease in the number of recruits for
the regular branch of the service.
Since war was declared he has turned
down not less than a hundred Tope-
kans because he could not accept them
subject to discharge at the close of
hostilities.
Fresh impetus was given the re-
cruiting of new National Guard or
CARNATIONS by the order and the num-
Der of applicants at the Battery A and
Kansas Engineers armories here is
expected to increase at once. The or
der received here is nation wide
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1917-04-14
HIS TEARS ALL GONE
Wife's Plea for Divorce Doesn't AT.
feet Man Like Alimony Demands.

c. A Wiberg, who. when his wife
asked for temporary a1imony pending
the hearing of her divorce petition,
shed volumes of tears, shed not a
tear Friday afternoon when the wife
was merely suing for a divorce. When
the case was filed and Mrs. Wiberg
was determined to have temporary ali
mony Judge G. H. Whitcomb had to
bring to bear all the dignity of the
court to shut off Wiberg's flow of
brine.
Mr.. Wiberg was his own valiant de-
fender in court Friday. He told how
he took his bride to Logan county in
a hack, he riding on the high seat
and she riding inside on the cushions
like a queen from Russia"
Wiberg first brought suit for di-
vorce, then his wife filed an answer
and cross petition. The evidence is all
in but there are still extensive argu-
ments to be made. Arguments appear
to have been a big factor in the do
nestle life of the Wibergs since the
beginning. The final arguments will
be made Monday then Judge Whit
comb will determine which shall have
the decree, if either.
Mrs. Wiberg, testified that she was
willing to stand for a good many things
but that she objected when her spouse
freckled her conference with tobacco
Juice.