davidaulloa/AmericanStories huggingface dataset:
Omaha daily bee., 1917-02-09
College Intelligence Bureau
Great, Saw Baker and Daniel:

Philadelphia, Feb. 8.-The plan an
nounced yesterday by William Nc
Clellan, dean of the Wharton school
of the University of Pennsylvania for
the organization OF an intercollegiate
intelligence bureau to put at the dis
posal of the government trained hui
man resources of the American COZ
lege world, today received the official
Endorsement of Secretaries Daniels
and Baker of the Navy and War de-
partments, according to Dean McC1el-
Ian, who returned tonight from Wash
ington, where he conferred with both
secretaries.
Omaha daily bee., 1917-02-09
Austria Waits for Wilson
To Take the Decisive Step

VIENNA, Feb. 6 Via London, Feb.
S.-Goverhment circles today were
calmly awaiting new developments
with regard to the submarine contro-
versy with Germany and Austria. A
high official said to The Associated
Press that all the moves were in the
hands of President Wilson; that the
Austro-H Hungarian government was
not seeking complications and would
do nothing which would enable the
president to go before the American
people with the claim that he had
been driven to radical action.
Omaha daily bee., 1917-02-09
~old weather aches follow

~old weather aches follow
exposure. Soothe and re.
lieve them with Sloan's Lini.
ment, easy to apply. it quickly
penetrates zvahouf rubbing. Cleaner
than mussy plasters or ointments.
does not stain the skin.
For rheumatic pains, neuralgia,
eout, lumbago, sprains, strains,
bruises and stiff sore muscles, have
Sloan's Liniment handy.
At all druggists, Csc. Soc. and $1.00.
Omaha daily bee., 1917-02-09
Would Give U. S. Power
To Commander Shipping

Washington, Feb. 8-Sweepihg
provisions for communicating vessels
and other shipping facilities in case of
war or threatened war are contained
in bill introduced in both senate and
house today and backed by request
from the administration that it be
nrecced
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-20
Nova Scotia to Refund
$4,000, 900 Loan Here
Morgan & Co. Expected to lake
Over Sterling Bonds

The Canadian province Of Nova SEQ
tia. following the lead OF other Do
minion provinces and municipalities, is
moving 10 transfer its loans in London
10 the United States
\ bill has been introduced in the
Nova Scotia Legislature for the rc-
funding Of provisional sterling loans
amounting to 100000. Premier
Murray stated in the provincial Legis-
lature that he was following other au-
thoritics in this matter. upon the init
nation Of the imperial authorities that
such action was desirable. J. +. Nor
gan & Co. representing the British
government, will likely handle the oper-
alton. and the refunding loan will prob
ably be brought out in this market.
At the present time rcfunding opcr-
ations involving the transfer Of over
Sl0O.OoO,0oO Of Canadian Indebtedness
from London to New York arc under
way. This includes 1913 1000 900 by the
city Of Montreal. S32,0OO.O0O by the
city Of Toronto and Sl7OOO,OOO by the
Province Of Ontario.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-20
Long Island Makes
A Better Showing
1916 Income Equals 2 Per Cent
on Roads Capital Stock

Operations or the Long Island Rail
road during 1916 resulted in net IN
come Of s241,735, representing return
Of . per cent on the outstanding cap
ital stock. whereas in 1915 dehclt OF
Sl6l.0S3 occurred. Gross earnings from
railroad operations amounting TO Sl4'-
q71.S3S. an increase of 10 per cent Oper-
ating expenses were higher by Ssoo'Zs'
over 1915. Ralph Peters, president oil
the road. directs attention in the report
to the financial plan which has been
formulated for the purpose of strength
ening the credit of the road. concern
ing this proposed plan, he says; III
the conversion of the debt to the Penn
svlyania into $500, 100 of 3 per cent
debentures and about S25,ooo,oOO Of
stock. had been made on January >
1916. the amount Of earnings OF 1910
applicable to the payment Of interest
on the debentures would have been
about five times the amount of such IN
terest."
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-20
The Collateral for
British War Loans
Large Concerns Turn Over
Millions in Foreign
Securities

Great Brtain's urgent need Of funds
with which 10 wage the war and finance
her allies has stripped the strong boxes
Of her large corporations almost clean
Of their choicest foreign investments.
This has been the source Of enormous
amounts Of securities which have thus
been made available to the Treasury
for use as collateral for borrowing IN
neutral countries, principally the United
States.
The annual report Of the Prudential
Assurance Company. Ltd, of London
Just received on this side. affords an
example Of the extent TO which this
has been done. The Prudential direc-
tors placed at the disposal Of the Brit
ish Treasury all Of the company's hold
ings of foreign and British securities
which were asked for under the several
schemes for equalizing the exchanges.
The amount of securities thus depos-
tied or sold by the company last year
amounted to nearly S35,OOO,OOO. since
the beginning of the war the Pruden-
tial has sold or loaned to the govern
ment no less than s775OO,OoO of such
securities, a large portion Of them rep
resenting investments in America. lhiS
is the largest amount of securities tnat
any one British corporation has turned
over to the government.
The change which has taken place IN
the character Of the Prudential com
pany's assets during the last three
wears is seen in the fact that where
as, when the war began, per cent OF
the total funds was invested in Brit
ish government securities, now % per
cent is so invested. Last year alone
the company bought 500 100000 Of Brit
ish war loans and other government
securities.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-20
British Ban on
Coffee Hits Brazil
Growers in South America
Will Suffer if Order Is
Not Modified

Great Britain's decree Of last month
prohibiting, among other things, the
importation of coffee has caused con-
stcrnation in Brazil. where coffee rails
inc is the principal industry Adyices
from Rio de Janeiro are TO the ehect
that the Brazilian government has m
structed the Brazilian Minister IN Lon
don 10 acquaint the British government
with the impression caused in Brazil
bv the announcement and to set iorth
the reasons on which Brazil bases ITS
hone that the measure will not be car
ried out.
II was intimated yesterday that the
British decree was one of the reasons
Why Brazilian coffee interests have
sought financial accommodation IN the
American market pending the time
when the worlds trade should return
TO a normal basis. SO far the efforts
to raise money on any large scale here
TO finance the coffee surplus have
proven fruitless.
Brazil takes the general view that
the British measure deals a hard DO"
at the commercial and financial inter-
ests Of Brazil 1t is pointed out that
most of the states of Brazil since the
beginning Of the war have suffered
under difficult conditions, aggravated
by the difficulty of ocean transpor'a-
ton. and the prohibition of coffee I'M
ports into England is severe do"
to the most nourishing of the states
The newspaper 80 Pals OF RIO dc
Janeiro, counsels the Brazilian govern
ment to take joint diplomatic acton
with England to form a stock OF coHee
in Brazil, thereby raising its value, ao-
vancing money against the coffee ware
housed by means of special ISSUE
which would be liquidated in proper
ton as the coffee was sold.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-20
Money and Credit

Call money ruled fraction higher
yesterday at 2H per cent, despite the
Improvement in the banking position
AZ revealed in the Saturday bank state
mcnt. This was due largely 10 the in
creased speculative activity in the stock
market. where the turnover exceeded a
million shares for the FIRST time in
more than month
Time money on brokers Stock TX
change collateral continues easy. The
amount Of business moving Is only
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-20

The new French secured 5le per
cent loan for S10O,O00,OOO, formal
announcement of which was made on
Saturday, had been under negotia-
ton for several months. Last fall
the bankers were approached by the
French financial representatives, but
the notation was deferred, pending
the large British operations in this
market. II is likely that offering
would have been made earlier in the
year had it not been for the crisis in
our relations with Germany and the
unfavorable effect of that on the
financial markets. Bankers predict
favorable reception for the new
loan. as the fact that the notes will
Weld slightly over 6 per cert plus
the possibility Of a considerable
profit in exchange, is expected to
prove unusually attractive to inves-
tors. Great Britain will follow
France very shortly with another
lean. 1t is interesting to note that
since the first of the year Britain
las sent US enough gold to form
the basis for nearly l,000, 100000 in
banking credits.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-20
Norwegian Banks Merge
Combined Capital of New In
stitution is $1O,OO0,O00

Advices from Christiana. Norway, an
rounce the merger of the Trondhjems
Handelsbank and the Bank Of Naerings-
veiene under the name Of Den Norske
Handelsbank, with Offices at DrontheIm
and in Christiania. This makes one OF
the strongest OF Norway's banks. 1t
will have capital Of approximately
S10.000,000.
Norwegian banking profits have been
abrormally large during the last year.
The Trondhjems Hsndelsbank showed
nrofits in 1916 of approximately 30 per
cent and the Christiania Bank ag
Kreditkasse more than 20 per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-20
Dividends

philadelphia & Western Railway. Regular
quarterly dividend Of ~, per cent on pre-
fcrred stock. payable April II TO stock Of
record March 81.
Cleveland Automatic Machine. Regular
quarterly dividend Of Ia per cent on the
preferred stock. payable April TO stock Of
record March 20
Northwestern Electric. Regular quarterly
dividend Of n per cent on its preferred
stock. payable April I 10 stock of record
March %
West kootney Power 4 Light Quarterly
dividends of ia per cent on its preferred
took and =, per cent on its common stock.
both PAYABLE April , 10 stock of record
March %.
Dodge Manufacturing. Special dividend OF
I per cent on the common stock, payable
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-20

count or that dollars are at 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, 1917-03-20
Mexican Mines Operated

Political conditions in the state Of
Sonora, Mexico, while far from nor
NAL. according 10 President Douglas,
permitted the company's mines there to
be operated with but few interruptions,
and on only two occasions Of short
duration was II necessary for the
American officials to seek refuge in the
United States A heavy burden on the
production costs has been imposed by
the levy of IN export tax on copper
and greatly increased taxes on mining
claims in Mexico.
These imposts have been made
necessary" he says, "by the almost
total suspension Of industrial enter
prises in the republic, and the conse-
quent reduction in revenue, and the as
sessment in the case of the export tax,
ir contravention Of your company's
concession. is in the nature of tenn
rorary measure, and will be withdrawn
when financial conditions justify
At the end OF 1916 the working of
the Chilean state railways showed a
profit of $S,00O,O0O, which it is proposed
to apply to the renewal and renovation
Of material. rolling stock. etc
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-20
The Dollar in Foreign Exchange

Rates moved narrowly yesterday.
with the principal development a frac-
tional decline in German marks, which
fell to So cents for four, compared with
69la on Saturday. Russian rubles were
also a trihe easier. The rest Of the
market was dull and barely steady.
Closing rates yesterday, compared
with a week ago. were as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-20

The National Biscuit COMPANY at
the annual stockholders meeting yes
terdav elected II. VI. Hanna. jr.. di-
rector to succeed H. VI. Hanna. sr., re-
tired, and Edward +. Law. K. f. Tom
lnson and Paul Moore were elected 20
fiji vacancies caused by the deaths OF
J. W. Ogden. A. W. Green and J. B
Nredenburgh James Mclean was
elected TO succeed S. A. Sears. who re-
tired
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-20
Monday, March ~, 1911

Much news of a momentous char
acter came up for consideration at
the opening of the stock market
Most Of it was interpreted favorably.
Reports of the continued retreat oil
the Germans in Northern France
were received with satisfaction. as
was the Russian news, which seemed
TO remove all doubt Of the success OF
the revolution. Then there was the
announcement of the sinking of three
American merchant ships, with the
attending possibility that active par
ticipation in the war might be has
tened. That caused no alarm, for
there have been so many overt
acts. and the opinion is so generally
held that war is sooner or later IN
evitable, that the stock market may
almost be said to be on war basis
now. Late in the day rumor OF a
revolution in Germany was a market
factor.
But most important of all was the
news that the railway wage contro-
versy had been settled. Wall Street
never believed that there would be a
railroad strike. From the beginning
it was confident that such catas-
trophe would be averted. That opin-
ion was recorded in an advance of
prices on the Stock Exchange last
week. Nevertheless. so long as there
remained possibility that a strike
might take place there was a diSpo-
stion to hold aloof from the market.
That was one reason why transac-
tions remained at low ebb last
week. With that uncertainty re
moved. the market Immediately threw
of the lethargy which has character
lied it for so long. 1t made no diff
ference, apparently, that the settle
ment of the dispute was against the
railroads and will take from their
income. according to the best esti-
mates. some $5O,O00O00 a year. That
is much easier to face than such a
paralysis Of commerce as a strike
would have caused. Railroad stocks
figured more prominently in the trad
ing than they have in other sessions
recently, and every one Of the active
issues gained substantially. The
total sales of all stocks reached
1921 900 shares-the first million
share day since February 5-and of
this the rails contributed 218,80O
shares. The average price Of fifteen
high grade rails closed with a nct
gain over Saturday of more than Y
Joints. against an advance of less
than q of a point for twelve active
lIuuSIlldi
The decision of the Supreme Court,
UNFOLDING the Adamson law natural
~ had relatively little effect on the
stock market, in view of the agree
ment which had already been reached.
Moreover, the decision contained one
point which was favorably received
1 in financial circles. That was the
one which Chief Justice White made
when he said in the majority opin-
ion: "That right T. the right of rail-
road workers TO strike in a body be-
cause of wage DISPUTED is neces-
sarily surrendered when the men are
engaged in the public service. They
are comparable to soldiers in the
ranks, who, in the presence Of enc
mics of their country, may not de-
sert." This, it is argued in some
quarters, may nullify the provision
IN the Clayton antitrust act exempt
ing labor unions from prosecution
for conspiracy in restraint Of trade,
f in so far as railroad workers are con-
cerned.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-20
New York Reserve Bank Report.

New York Reserve Bank Report
Gross income of the New York Federal
Reserve Bank in 1916 was S9S3,609,
compared with s345,146 in 1915. Total
expenses were S557,352, against $S45,-
146. The principal increase in income
came from acccptances purchased,
which brought in S5SO,4S3, or about "a
per cent of the total income. In 1915
only s97,054 was made from accept
ances purchased. Although rediscount-
ing is the fundamental function of the
bank. only s37.36S was received from
this source last year, slight increase
from the year before. There were 302
applications for rediscounts or adj
vances, aggregating S22,5O1, 1892, coming
from siXty-two member banks, Of
which sixteen were located in New
York City and forty elsewhere in the
district. The total advanced by the
bank on ffteen-day commercial notes
was 1888, 400. Acceptances bought for
itself totalled S123A06,549. For &C
count Of other Federal Reserve banks
it bought $126,4S7,939. The largest
portion of these acceptances was based
on imports and exports.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-20
Elections

Stockholders Of the L. (. du Point de
Nemours Powder Company at their an
nual meeting yesterday erected Eugene
du Pont a director TO succeed the late
". G.. Ramsay
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-20

Commercial Papcr.-Thc market is
somewhat easier. Most OF the paper
moving is placed at a fraction above
per cent. City banks arc more active.
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, 1917-03-20

Boston Bank Statement.-The weekly
return of the Boston banks shows total
surplus of S4O,293,OOO, compared with
S36.524,O0O the week before. Loans
decreased about 100000
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-20
New York

Transpacifc Rates Advance. Steam
ship companies in the Pacihc Confer
ence, according 10 George +. Anderson,
Consul General at Hong Kong, nave
made "A % per cent increase on freight
rates on all cargoes, except rice ana
silk. from Hong Kong to the Pacific
coast Of the United States, as result
Of the increasing trade. The basic rate
On freight from Hong Kong 10 the
United States usually is rice. Recent
" this charge has been SO per ton.
The advance is to be 80 per cent. max
ing il SIS per ton. Raw silk rate has
not been increased. Similar increases
are announced by the New York con-
ference lines on freight from the Far
East to New York and Atlantic coast
points by Suez or Panama Canal or
round the cape. Mr.. Anderson says:
"The change in the rate on rice is, IN
practical effect. a move TO shut out
cheap cargo. The higher charge, in
view of the volume of rice now moving.
means that the importers in the United
States will have largely increased pay
ments to make. The advance is sut-
ficient TO shut out Immediately many
lines of less valuable cargo. which
cannot be shipped to the United States
at such a cost. Vessels for American
Fast coast ports are becoming scarce,
and this produces increased pressure
or the transpacifc vessels"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-20

Below is given the current exchange
value of foreign money in dollars and
cents, together with the intrinsic gold
parity. as calculated by the United
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-20
Corporation Returns

North American Report for tho year
ended December 81. 1916. shows a net in
come Of .9lS. equal 10 7.2j per cent on
the capital stock. against COS per cent in
1qI5
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-20

Sub Treasury. - New York banks
gained from Sub-Treasury $i,0i7o0o.
Silver.-Bars i'm London, $3.50 pence;
New York. 727s cents; Mexican dollars,
52it cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-20

Farm Loan Rates. The Farm Loan
Board, at Washington, announced yes
terday that the interest rate on all
loans made TO farmers throughout the
country by Federal land banks would be
) per cent. A rate Of ~ per cent on
bonds to be issued by the land banks
also was officially announced.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-20

The above rates express the cost Of
foreign money in terms Of the Amcri-
can dollar. You buy an English pound
sterling for sL75iz; the intrinsic par
ity is Si.S6Ss per pound. Thus. you
say either that pounds are NJ dis
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-20

moderate, although larger volume OF
funds is being offered Rates we're
unchanged yesterday from the closing
OF last week, with money on mixture
OF railroad and industrial securities
ruling at 3i2 to { per cent, depending
on the date Of maturity.
Ruling rates on money yesterday,
compared with a year ago, we're as fol-
lows:
NnsfcrdaN Year ago
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-20
News Digest
Foreign

War News Cheers London Stock EN-
change. London. March l9.-Ihe war
news created increased cheertulness on
the Stock Exchange to-day, ana hoiI,
ers were not inclined TO part WIN
their stocks. Numerous buyers nad 10
nav higher rates for the limited sup
ply available. especially in BRUSH
funds. Grand Trunks and Russian
mines. though most of the other see
tons registered fair gains. Argentine
rails and rubber issues were firm feat-
ures. American securities advanced on
the improved railroad labor outloo,k'
and sevral sales were recorded IN the
low priced shares.
Money was in better demand, IN prep
aration for the payment Of the install
ment of the war loan due next Friday
amounting to e124,OOO,OO0. The ruling
rate was 80 per cent. Discounts were
quiet. with short and three months
bills AS per cent.
Paris Bourse.-Paris. March ID
Prices we're firm on the Bourse to-day.
Three per cent rentes, 81 francs oO
centimes for cash. Exchange on Lon
don. p francs 81 z centimes. FIVE per
cent loan, So francs 10 centimes.