davidaulloa/AmericanStories huggingface dataset:
The Dermott news., 1917-10-04

vertiscd for bids for the construction
of a new brick building, to be erected
this fan. and will establish domes-
tic science department this term.
The first 5 per cent quota Of tho
National Army division at Camp Pike.
about 1000 men Is being uniformed
rapidly. and many are now appearing
At drill In the service khaki.
Elder Frank Fldridge of the Chris.
t,an church OF Poughkeepsie. has just
closed successful series Of meetings
nj the Macedonia church. three miles
from Poughkeepsie.
The carload of wheat seed ordered
some time ago by the Farmers Say
ings Bank of Hamburg has arrived.
The wheat seed is furnished the far
mers at cost.
More than 5000 acres will be plant.
ed in wheat in Franklin county this
fall. according 20 estimates compiled
by the county farm agents aud dem
onstrators.
The first number OF the Lyceum
course al Ozark was the Cheney
Troupe. A large crowd attended Part
of the net proceeds was given 10 the
:. | A.
The McMurray Realty Company Of
Mineral Springs sold At auction i7e
residence lots. The sales totaled S.
60i
Registration OF students at the Uni
yersity Of Arkansas at Fayetteville
has reached a total of SOS. which Is
about 10 less than the total for the
same period last year. Class work
has begun.
A survey OF the coal mines In Ark
ansas and Oklahoma has been started
by c. J. Tobias. representing the
The Dermott news., 1917-10-04

cant A. ILpscomb OF Hereford.
Tex. psrch ased the w. V. Wallace
farm Of $50 acres. four miles east OF
Van buren,. paying $4,000.
The Dermott news., 1917-10-04

Thornton Perry Of ri Dorado has
sold the car<oad OF Shorthorns ship
ped In from Texas to farmers In
linton county lie will soon leave 70
buy another carload. which he expects
to s.i, ~. aoou A. they are received
here
The Dermott news., 1917-10-04

n,x sAa,ber IN Greene county dur.
,.~ ne ,,si AIR weeks has done
r,.,., damage 10 crops. especially co.,
tnnSsnd late csrn.
The Dermott news., 1917-10-04

A S0saHon moonshine stiil was
captured in the mountains OF Scot.
county. near Waldron. The still was
fui, " mash that had fermentei.
The Dermott news., 1917-10-04

ARRANGEMENTS have been completed
for the Grant county fair. which Will
be held at Sheridan October TO IL.
Inclusive II viii be the best and
great es, fair Giant county has ever
held
The Dermott news., 1917-10-04

pr { ~ DicNcrson OF Conway re-
re,yed news that he had been an
pointed bv Governor Brough as
memhar of the Federal Appeal Board
At Little Rock
The Dermott news., 1917-10-04

The first per cent quota of tho
National Army division AT Camp Pike.
about 1000 men. is being uniformed
rapidly. and many are now appearing
NJ drill In the service khaki
The Dermott news., 1917-10-04

The McMurray Realty Company Of
Mineral Springs sold at auction l7e
residence lots. The sales totaled S..
6Oi
The Dermott news., 1917-10-04

The carload of wheat seed ordered
some time ago by the Farmers SAY
ings Bank of Hamburg has arrived.
The wheat seed is furnished the far
mers at cost
The Dermott news., 1917-10-04

rh. cotton gun at Doddridge owned
nv 2ehe Iod was DESTROYED by fire
a few night ago. with loss of $4,000
II Ia said the fire was the work of an
tncendiarv
The Dermott news., 1917-10-04
INTERNATIONAL
SUNDNSQlO0L
LESSON
iBy REV F. b. FlfZM ATER u. d.
Teacher of English Bible In the Moody
Bible Institute of ChicagoD
copyright. 1917. Western NewsYaeer ynAo0.(
LESSON FOR OCTOBER 7
PSALMS OF DELlvERANCE.

LESSON TEXT-Psalms IS aaA i.A
GOLDEN TEXT-They that sew
tears shall reap In joy.-PsaIms l2s3.
The Dermott news., 1917-10-04

Elder Frank Fldridge of the Chris.
ttan church of .Poughkeepsie. has just
closed a successful series of meetings
nj the Macedonia church. three miles
from Poughkeepsle.
The Dermott news., 1917-10-04

The first number OF the Lyceum
course at Ozark was the Cheney
Troupe A large crowd attended. Part
of the net proceeds Was given 10 the
:. A
The Dermott news., 1917-10-04

ne skirt is plain, leaving intrtcacies
The Dermott news., 1917-10-04

More than 5000 acres will be plant.
ed In whea, in Franklin county this
fall. according 20 estimates compiled
By the county farm agents aud dem
constructors.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-10

information should come from tho gov
eminent.
Some OF the greatest crop experts IN
no country. employed by private in
torcsts. are now IN Kansas and Nebras-
ka. whore damage, according to the
government report has been very
serious. Their report do not relieve
anxiety. One Of them to-day estimated
that in Kansas, unless there e imme-
Giate rain. 100000 acres planted TO
wheat in Clay. Cloud. Ottawa, Salina,
Lincoln and Ellsworth counties will be
a total loss.
Another expert says that Al enor-
nous acreage IN Northwestern and
Western Kansas is bad, and that Ne
braska is worse. In Missouri. Illinois
and Indiana there are stretches OF fair
wheat. but mainly the prospects are
bad, he said. In Northern Texas. Okla
homa and Eastern and Southeastern
Kansas ne finds wheat in fair condi-
tior. A ticker service, after making
this report public. sent i,s subscribers
notice that in view Of the unprece-
denied situation which prevails" crop
reports would be discontinued. The
announcement was inspired by the at
titude Of Board Of Trade officials.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-10
Bankers Views Differ
On Five Billion Loan
Rate of 81 Per Cent, Some Say
May Fail to Tempt
Investors

Banking opinion in Wall Street d,f-
fered yesterday as to the reception the
country would give $4,000 100000 war
loan bearing 3i2 per cent interest IS
proposed BY the government Some
bankers thought the amount somewhat
too large for the public TO absorb AZ
one time. They suggested as an al
tentative that the fotation be split
into instruments. Others held that the
amount was not too large in view o.
the country's vast cash resources 5rt
doubted whether the public woulG he
tempted to throw overheard other IT,
vestmcnts yielding 4. ) and 6 per cent
for government loan paying them bu,
81 per cent
40 one. however. was disposed 20
cr.ticise the government for trying e
borrow as cheaply as possible and
there were many who thought the no
taton would be taken with rush. All
agreed that the United States should
go into the struggle with all its To-
sources and thought the proposed loan
worthy effort in that direction.
a. Barton Hepburn, chairman o. the
Chase National Bank Board, thought
the s5,OOO,OOO,OOO proposal a sufficient
indication to the world that we interd
to put our strongest forces into TIE
field against Germany. He said: "Such
an issue will dispel any doubts that
may remain as to the extent OF our
participation. We are in the struggle
70 be victorious, or to be beaten, ard
the sooner our people come to a reall-
alton Of that the better. The fact tina.
we are to make the most liberal finan-
cial preparation should have ire
mendous moral effect.
From the banking standpoint !
would only point out that the govern
ment. like every other borrower. VII
have TO pay the market price for funds
The disparity is striking between a
government issue at 81. per cent and
the Anglo-French bonds. which are
selling on per cent basis or the
British note issues. which yield 6 per
cent. The national banks already hold
over 500. 900 of government bondi
70 secure their circulation, so they
could not be expected 10 subscribe
largely to new issue at low rate.
Moreover, while the forthcoming bond
are apparently to be exempt from tay-
alton. yet If the banks take them they
will be liable to taxation as at pres
cnt. on their capital. surplus and I'M
divided profits. The savings bank.
could not be expected 10 buy bond
which would return them less than
they are paying their depositors. The
banks will perform useful function
as distributors of the bonds but harGly
an important role as buyers. The
bonds must be placed with the invest
ing public" ,
Il il agre. d among bankers and bond
men that the country must undertake a
widespread advertising campaign 70 in.
sure the success of the proposed
financing.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-10
Russian Savings Bank Deposits

The official statistics Of savings bank
operations in Russia from July, 1915, 20
June, 1916, note large increase in the
number of deposits, more particularly
in post and telegraph Office branches,
along with a decrease in the number OF
and amount of closed accounts.
The increase was notably large in the
central industrial region and in the
eastern and southeastern districts,
which supply the army with provisions.
The opening of many new branches in
connection with post and telegraph Of
fees and the prosperity OF the agri-
cultural population are given as the
reasons for this gain.
Deposits in savings banks in the six
month period from January 20 June,
1916, in currency were j75,5O0.0O0
rublcs, and in securities $4,000, 900
rublcs For the corresponding six
months in 1915 deposits in currency
were 35OOOO,O0O rubles and in securi-
ties Sc 900. 900.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-10
Relevant Facts

Delaware 4 Hudson Railroad. -
Shares OF this company. which have
been weak for several days, declined
from 1912 10 1879, yesterday, closing
Ga points off on the day. In a week
the stock has lost 12i4 points, and
is now at the lowest level since 1907,
when it sold at 1872. Early this year
the stock touched ljl7s. and the high
price since the beginning Of the war
was 1856. recorded last year The COM
pany has Si2,503,000 Of stock outstand-
ing. +; has paid dividends of per
cent a year on the issue since 1907.
The full rate for the current year. pay
able in quarterly instalments, was de-
clared last December. Last year the
company showed gross revenues OF
s26.5S4 800. compared with 1873 1863
in 1915. while net operating income,
after deduction OF taxes. aggregated
s7,sl0.53l. against SS.334,s9s the year
before. Earnings on the capital stock
last year were at rate OF approx
mately liit per cent. compared with
1923 per cent actually returned in
1915. 1854 per cent IN 1914, 1883 per
cent in 1918 and 1895 per cent in 1912.
Earnings IN the new calendar year
have not been so favorable In Janu-
airy. for example, net operating income
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-10

Narketwise sentiment in Wall
Street is inclined toward reaction.
This finds reflection in the downward
tendency taken by security prices in
the last day or two. The declara-
ton Of war has settled only one Of
the iunumerable uncertainties and
in turn has given rise to an out
pouring Of new uncertainties. The
thing that spectators and investors
alike want to have answered for
them is what effect the governments
huge financial programme is gong to
have on securities. What will he the
effect Of the proposed $5,0OO,OOO,OOO
war loan? Won't the government
compel American manufacturers to
sell materials To our allies at
the same price made TO the United
States? Wouldn't this mean the end
of large war profits and consequently
an adjustment Of stocks TO the new
order of things? Then there is the
matter of taxation. These things
hardly contribute to the peace Of
mind of the holder of securities. and
it is not surprising that the average
Wall Street person, who is habitual-
~ pessimistic, looks at the market
through dark glasses. 1t should be
remembered. however, that Wall
Street is nearly always bearish on its
own goods. 1t is easy to become over
gloomy. and that is the state Of mind
into which traders seem to be work
ing. The end Of inflated war profits
would not necessarily end the pros
perity Of industrial companies. They
are practically assured of a larger
volume Of business at reasonable
Profits for long time TO come.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-10
Dollar in Foreign Exchange

Exchange rates on most OF the Allieu
countries moved UP quite sharply ID
the expectation that the United states
government will sotn arrange to give
tho Allies financial assistance on a
large scale. Sterling exchange touched
the highest in weeks at $4.75's for de-
mand bills, compared with S4.75I' on
Saturday. Francs continued the al
vance begun last week and rose TO
567ia to the dollar. compared win
: 69s. on Saturday. Italian lire were
easy and declined to 7.1s. but Russian
rubles touched 29.1O cents, against $3.50
Iast "eeN' Week
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-10
News Digest
New York

Stock Exchange Nominations Regu-
lar nominations for officers and COM
mittees to be voted upon at the annual
election Of the New York STOCK EN-
change on May II were announced yes
terdav as follows: President. II. G. ).
Noble; treasurer, Charles NJ. New
combe: members Of the governing com
mittee to serve four years. +. '. d.
Cox, william T. Floyd. Louis +. Hat
field. ". ". Heaton. Allen l.. Lindlcy,
William 3. Potts, William II. RemicN,
F. Fl. II. Simons, George Is. Thurnauer
and Howard +. Whitney; member Of
the governing committee TO serve two
years. Robert r. Atterbury; members
to serve three years, Morgan DAVIS
Frank b. Keech and Arthur J. Rosen-
thai. For trustees of the gratuity fund
the following were nominated: Henry
s. Swords TO serve five years, W: W.
Heaton 20 serve five years. and William
Baykis to serve three years.
Exchanges Abroad Closed. All imam
cial and commercial. exchanges abroad
were closed to-day.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-10
Uondop AP1d ., 1917

Unifcation Of the banking power
Of the United States has been urged
AS necessary and desirable 10y many
of the leaders in the financial world
ever since the Federal Reserve sys-
tenn was formed. Now that the coun-
try has assumed an active part IN the
great war. action in that direction
s., Of vital Importance, first as a war
measure and. second. as a measure Of
preparcdnc-s 90 meet the problems
that will come with the restoration
If peace problems width may be
oven larger than those with which
we arc now confronted. So far the
new banking system has not had to
face a real test Of its powers. Such
q test may be applied within short
time. however. and it is obvious that
any emergency which may arise can
be met with much greater assurance
of success if all the banks are welded
into one harmonious system, under
centralized control. Fortunately
war is likely to stimulate the move
ment of state institutions to joln the
Federal Reserve system both for
the greater safety afforded in times
of stress and as a matter of patriot
ism. In a discussion Of the problem
the current issue of the official organ
of the American Bankers Associa-
ton says:
In a time Of national peril patriot
ism will not be appealed TO in vain.
State banks which have retrained
from Joining the reserve system for
reasons that were sufficient in times
Of peace are likely to respond 20 in
fuenccs unthought Of before war
cventuatcd. Can a state institution
do ANYTHING better for the country
than ioin the reserve system? Pos
siblv the extreme limit Of need will
not be reached, but situation IS
conceivable in which bank with
holding the support Of its member
shin from the reserve system would
be commonly regarded as delinquent
in the performance Of a public duty.
No urging Will be necessary. The
story Of the necessity will be told in
circumstances. Those in control Of
state institutions may be trusted 70
surrender their arguments against
membership in the face OF the neces-
sitv for contributing to the common
welfare every ounce of financial sup
mort that IS available.
A more sympathetic attitude on
the part of government officials will
be likely to induce state banks to
come within the folds, "The Journal
believes. If any assurance Of that
kind is needed it should be forth
coming.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-10
Cotton Scars
In an Excited
War Market
UnfavorabIe Crop News
Accentuates a Remark
able Price Movement

H. one Of the most extraordinary
price movements on the Cotton TX
change since the European war began
quotations for future deliveries OF that
staple Jumped on the early trading yes
terday anywhere from $3.50 to $3.50 a
bale. May contracts sold at 2L21 cents
and July at 21.40 cents, or llj to lon
points above the final quotations of last
week. while new crop months sold up
from 50 20 100 points.
After the demand, which emanated
chiefly from spectators who were
short had been pretty we'll supplied by
offerings from holders who wanted
their profits. the market fell back
somewhat. Trade, however, continued
,ctivc and excited right up TO the last
Closing trades showed gains Of "a to -
points. The sharp upturn at the outset
vas regarded in the light Of an adj
iustment of the market to war basis
Traders had gone home for the Easter
holidays last Thursday quite aware
that declaration Of war was ineyi-
table. but yesterday was the first OPP
portunitv they had Of giving expression
TO the way they regarded the new state
Of affairs.
The chief cause for excitement, how
ever. seemed to reside in crop condi-
tons. Besides reports Of continued
unfavorable weather in the eastern
part of the cotton belt. as a result OF
which the new crop is getting poor
start. there was apprehension lest ef-
forts be made to remedy an unfavor-
able situation, as regards foodstuiFs, az
the expense Of the cotton acreage
This it was thought would be the case,
particularly in sections where new crop
preparations have been delayed, or
where cotton planters must contend
with the boil veevil.
May contracts selling at S2l.25 were
within 30 points Of the seasons hlgn
record. established last November, and
no less than $3.50 per bale above the
low level touched on the 1st Of Febru-
airy. when the market was demoralized
BY the German announcement Of unre-
stricted submarine warfare. Al the
time diplomatic relations with Germany
were broken. on February 3. July con-
tracts were selling around 1890. yes
terday's high price representing an adj
vance of IL cents a pound from that
level.
New crop deliveries all made new
high records for the season, with Octo-
Der selling at 1913 and December at
1880
The tendency Of ocean freights was
easier. A rate of So per 100 pounds was
recently asked from New York to Liv-
erpool. while room is now quoted at 81
nominal. Exports for the day were
22.2lS bales, making 4.422.196 SO far
this season. against 4,152,76 last year
Southern spot markets as officially re-
ported were % to - points higher, ex-
cept Baltimore, which was nominally
a cent higher at pic for middllng.
Prices compare as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-10
Dividends

National Carbon. Regular quarterly ciNi-
dsrd OF - per cent or the preferred stocs
and 81 on the common stock. both payable
MAY 20 stock Of record April ~.
Commonwealth Edison. Regular quarterly
dividend OF per cent. payable May 10
stock % record April 10.
Isle Royale Copper. Quarterly dividend OF
$50. PAYABLE April 80 10 stock OF record
April 1.
Central Sugar Corporation.-lni divi-
dend Of 223 per cent on the preferred stock
for the four months from January TO May
]. beiog d: the rate Of per cent. Diyi.
dend : payable May / to stock OF record
April Il.
Georgia Railway 4 Power Dividend OF
-. per cent on the first preferred stock.
PAYABLE April 20 10 stock Of record April 10.
OF the dividend 8. Of per cent will be APP
piled to dividends accrued previous 10 Janu-
airy /, 1917. and / y per cent will be on ae-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-10
National Conduit and Cable. Ne
N.H.R.R. Sued for $10l, 1871
u. S. Says Line Failed to Pay
Government Tax

Hartford, April damages aggre-
eating $1O1, s91 are sought in an action
brought in the Federal Court to-day IN
behalf of the government against the
New York. New Haven & Hartford Rail
road. The suit is to recover for non
payment of certain portions of the gov
ernment tax on net incomes for the
years 1910, 1911 and 1912.
The action has to do with the ! per
cent corporation tax in Connecticut,
Massachusetts and Rhode Island, COM
prising the revenue district.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-10
u. S. Treasury Finances

Washington. April e.--Condition Of
the United States Treasury at close to-
day showed; Net balance in general
fund. S87, 4o3,7I7: total receipts, ST.
5lo.041; total payments. s4.e2e ,o65. The
deficit this fiscal year is sI72,SS6,sS4.
against a deficit OF S52.785.465 last
year. exclusive Of Panama Canal and
public debt transactions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-10
Applies Censorship to
Crop Damage News
Chicago Board Of Trade
Would Suppress Reports
by Experts"

Chicago, April 9.-AnnOuncement
was made on behalf of the Chicago
Board of Trade to-day that so far as
possible it is the policy OF the board to
discourage the dissemination of crop
reports by private experts. In the pres
ent serious situation as to crops the
board takes the position that all crop
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-10

Gold Currents. Local bankers WIN
drew sl5oOOO in gold yesterday from
the Sub-Treasury for shipment to sing
opore The purpose of the shipment
was not made known. although II IS pc
Ieved to be for British account II j.
the first shipment of the metal to sing
anore since the war began.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-10

TIC above rates express me cosI OF
foreign money in terms of the Amcrl-
can dollar. You buy ali English pound
sterling for s4.75ts. the intrinsic par
ity is t4.S6fs per pound Thus. you
say either that pounds are at dis
count or that dollars are at pre-
MUM. which is owing to the fact that
in England the demand for dollars
with which 10 settle accounts in this
country is greater than the demand in
this country for pounds with EbIcn t.
settle accounts in Eng and.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-10

plays increasing hrmness without any
noticeable expansion in the volume o.
business. The ruling rate is around
Al per cent for the best paper.
Official rates Of discount Of each OF
the twelve Federal districts are as io''
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-10

Below is given the current exchange
value Of foreign money in dollars and
cents. together with the intrinsic gold
parity. as calculated b. the United
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-10

Sub.Treasury.- New York banks Ios'
TO Sub-Treasury $1,479,293.
Silver. Bars in London, 36's pence
New York. 1875 cents; Mexican dollars
5G7s cents.