davidaulloa/AmericanStories huggingface dataset:
The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1917-05-22
KILLED IN SALOON
Shooting Result of Money Quarrel
Years Ago.

Cohoes, May. 22.-Emanuel Canes
trari. thirty-two years old, was shot
and instantly killed last night few
minutes after o'clock in the saloon
of Gino Patrignari at 1877 Bridge
avenue Primo Sporitti, twenty-eight
years old. alleged slayer, fed immedi-
ately after the shooting but was cap
tured hiding in brush at the south end
of Van Schaick island in southeastern
Cohoes by Detective Lewis R. John
son, Acting Sergeant Nolin and Pa
trolmen Sitcer and Daley.
The district attorneys Office has in
formation that the crime is the out
come of a quarrel over money mat
ters in Milford. Mass. where both
men lived in 1908 The alleged slayer
arrived in Cohoes about eight months
ago.
The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1917-05-22
LOvETT FOR RED CROSS
Chairman of Union Pacific Volunteers
Services,

New York. May 21.-Robert S. Low
EFT, Chairman of the Board OF the
Union Pacific Railroad and admins
traitor of the estate of T.. H. Hartman,
has volunteered to devote practically
all of his time during the war to
Red Cross work. An announcement to
this effect was made yesterday by
Henry p Dawson, Chairman of the
War Council of the American Red
Cross, who will ask Mr.. Lovett to ac-
cept the Craftsmanship of a national
committee on cooperation to prevent
waste and duplication in Red Cross
oprations. Mr. Lovett left for Wash.
ington yesterday to consult with Mr..
Dawson.
81 am too old to go to the 'front.'
Judge Lovett said. "but l am anxious
to do my bit in whatever way can
be useful"
The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1917-05-22
MENOCAL TAKES OFFICE
President of Cuba Takes Oath for
Second Time Amid Good FEELING

Havana, May 20-The Chief Justice
of the Supreme Court administered
at noon today to General Mario G.
Menocal the oath of office for his sec
ond term as President of the Republic
Of Cuba in the presence of the Cabi-
net Ministers, the Supreme Court
Justices, members of the diplomatic
corps, Senators, and Congressman.
Many Liberals were present, com
plete spirit of cordiality was shown,
and there was no untoward incident.
The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1917-05-22
MRS. FRANK BARBER
Woman Only 80 Years Old Victim of
Paralysis

Mrs Frank Barber. 80 years of age.
passed away at the home of her par
ents Mr. and Mrs. w. A. Bahan Mon
day afternoon, after an illness of two
weeks. Death was due to a shock of
paralysis. Her many friends will be
grieved to learn of her sudden death.
She leaves besides her parents. Mr..
and Mrs w. A. Bahan, her husband,
Frank Barber, one son Robert and
one sister. Mrs. Garry Sayes of North
Adams. The funeral will be held at
her parents home at o'clock Thurs
day afternoon, burial will be in the
village cemetery.
The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1917-05-22
NEGRO BURNED AT STAKE
Murderer of School Girl Lynched Near
Memphis, Tenn.

Memphis. Tenn, May 2S.-Eli Pear
sons, negro, was burned at the stake
today for the murder of Antoinette
Rappal. young school girl
The negro, who confessed the crime
was taken from deputies at Holly
Springs, Miss. and carried to the
scene of the crime on a lonely road
where the lynching was carried out.
Pearsons implicated two more negroes
in the crime and they will be burned
if caught.
Hundreds of people travelled to the
scene of the lynching in automobiles.
The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1917-05-22
RED CROSS REPORT
Total Enrolment of Members
Reaches ATT.

Total Enrolment of Members
Reaches AT.
The Bennington branch of the Yer
mont chapter of the Red Cross is
still hard at work for the thousand
names which it hopes to gain for the
cause. The report for the weeks
work ending May 21 is as follows.
Annual members 1872 ($1) S152
Subscribing members 33 ($2) &C
Contributing members IL ($5) 55
Life members . (S25) so
Total 1913 1923
Money received from the Fraternal
Order of Eagles amounted to S25;
from sale of French medals by Mrs.
George F. Graves, Sc; contribution for
materials. $2.75; from sale of the
presidents war message by Miss
Marcia Carpenter, 81 volumns at %
cents, S2175; from which the local
branch gets $4.35.
The total enrolment of members of
the Bennington branch is now All and
the amount received from membership
is 1923.
Respectively submitted
Della A. Sibley. Secretary.
The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1917-05-22
REDCROSSELtK
ESTABLISHED
BY GOVERNOR
Asks People of Vermont to
Stand Behind Army
SEEKS MORE MEMBERS
State Wide Campaign for Increased
Enrolment Will Begin
May 20.

Montpelier, May 22.-The week Of
May 27 to June inclusive is made
Red Cross week in Vermont through
the following proclamation issued by
Governor Graham:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-28
Cuban-American Bonds Offered

The National City Company yester'
dav decided to take advantage OF the
improved sentiment in investment cir
cles following publication of the Presi-
dents railroad proclamation BY bring
ing out to-day new bond issue. The
company is offering an issue Of $4,000
600 one, two and three year 8 per cent
prior lien gold bonds of the Cuban
American Sugar Company. The pro-
ceeds from the sale of these securities
will be used to retire similar amount
of the company's collateral trust s per
cent bonds which mature next April
The amount originally issued was SlO,-
100000, but about sl,500,00O has been
redeemed through open market pur-
chases, leaving $s,5OO,0O0 to be retired.
The company expects TO pay off ST.
100000 at maturity from It's cash re-
cOurces.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-28
Peru Gets Big Slice
Of American Gold
Increase in Payment for
Growing Purchases of Cop
per by United States

WASHINGTON, Dec. q. While
god exports for October showed a
considerable decrease compared with
the same month in 1916, new move
ment of the metal, this time to Peru,
was shown by an analysis OF October
exports made public to-day by the Blu
reau of Foreign and Domestic Com
merce. Peru received sS,eS.372 that
month. as compared with s3,546,026 for
the first ten months OF the year. the
increase being in payment for growing
purchases OF copper by this country.
Spain, Japan and Mexico took virtu-
ally all the remainder OF the country's
sl1,154,074 gold export in October. In
ten yonths Japan received sl55 1000,
compared with Sl3,043,000 in the same
period of 1916; Spain sl02. 900, COM
pared with S9,70l 900. and Mexico ST.
100000, compared with less than
Sl,000,000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-28

1t does not follow that reaction
will not come, though It may well be
from a higher level. The plan is
not yet in operation, and some re-
vision by Congress is not at all i'm
possible. But there is little room
for doubt that railway stockholders
will receive fair treatment, and
therefore the prospects for a return
to the level of prices prevailing be-
fore the proclamation was issued
seem most remote. The least that
can be said is that the market for
railroad shares has at last reached a
stage where great resistance will be
offered to further onslaughts against
values, if any should come. The
fact is liquidation Of railway shares
has been overdone. That always
happens in a bear market, because
of the momentum of broad move
ments. Just as prices always rise
above intrinsic values in a long sus-
tanned bull market, so do they al
ways fall below the line of intrinsic
worth in times Of depression. No
one can tell for sure when a rise has
eliminated nor when prices have
reached the bottom. But when it
becomes possible to invest with alb
solute assurance Of the safety Of
principal and at extremely attrac-
tive yields, then one may be sure
that before a great while investment
demand will be larger in volume
than offerings by those who sell
under pressure Of necessity. The
yield is what counts in the end.
And railroad stocks are selling at
prices which give extraordinary OPP
portunities for investment. That
has been generally realized for a
long time, but investors have held
aloof because of the uncertainties
which have been removed by the
Presidents action.
Wall Street is always bullish when
stock prices are over-infated. 1t is
always bearish when the process of
defation has run its course. Yes
terday those who had been so bear
ish as TO be caught short of the rails
suffered heavily. If short selling
had not been restricted by the
Stock Exchange, they might have
paid a much heavier penalty than
they did.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-28

The opening Of the stock market
Yesterday morning will 90 down in
Wall Street history as one of the
most sensational ever witnessed.
Certainly it is necessary to search
the records for many years to find
a parallel First quotations Of the
leading railroad issues ranged from
two or three to nearly eighteen
points above the closing prices of
Wednesday. And there was good
reason even for such remarkable
advances as these, for the plan
under which the President is to take
over the railroads is much more
favorable 20 shareholders than had
been expected. If the plan is car
riod out in all respects as outlined in
tho proclamation. then the railroad
problem viii have been solved in the
best possible way for all concerned.
The government will get the maxi
mum result from railway operation,
industry will be relieved. at least
partially. Of the handicap Of made
ouatc freight service. and railway
security holders will be freed Of the
uncertainty which had prevailed for
months by the assurance Of compcn-
.ation on a basis which everywhere
is hailed as fair and eminently salts
factory. These things were so OBJ
vious from even casual perusal Of
the proclamation and the accom-
panying statement that at the start
the stock market was congested with
buving orders. Those who had
previously sold short in anticipation
Of a fall instantly realized that
they would have to pay dearly, and
consequently there was rush of
short covering Buying of that
character probably was chiefly re-
sponsible for the initial advances,
but substantial purchases for invest
ment account played an important
part in the market Many investors
who had been holding aloof pending
a definite solution of the railway
problem bought eagerly. In fact, it
was buying Of this sort which sus-
tanned the market when the inevi-
table profit taking ensued. 1t COM
monty happens that such sharp
rise as was registered yesterday
morning is followed by a severe re-
action, but this time prices were
we'll maintained. Profit-taking sales
were in considerable volume, but
they were at all times pretty evenly
matched by demand for investment
account.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-28
Relevant Comment
Reserve Bank Dividend

Announcement was made yesterday
by tho Federal Reserve Bank OF Ne"
York that the directors have declared a
dividend .at the rate Of per cent an
nually to cover the period from Janu-
ary +. 1916. 20 December 81, 1917. The
amount tisbursed will be approx
mately Si.45O,OOO. The action just
taken By the board clears up all the
back dividends which have been ac-
cumulatinc for the last two years
They are payable December 81 TO stock
holders OF record on that date. Frior
dividends were paid on December 81
1916. and June 80. 1917, covering me
poriods from November 2, 1914, to
March 81. 1918. The Federal Reserve
Bank started business on November !,
1914. with a capital Of S9,0OO.0oO. Inc
amount Of stock now outstanding IS ap-
proxima.ely SIS 100000. The accretlon
ia due mainly to the fact that number
Of big state banks and t-ust companies
have Joined the Reserve system since
the United States entered the war
against Germany.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-28

The financial district had expected
that the government would take con-
troll Of the railroads; the only sur
prise was that provided by the very
fair position taken toward security
holders. Since the United States
entered the war the railroads have
achieved what a year or two ago
would have been termed miracle in
operating efficiency. In spite Of a
shortage OF equipment, embarrassing
priority orders, acute congestion and
other handicaps, they have produced
IN the last nine months something
like 35,OOO.OO0,O0O more units Of
transportation-that is, ton miles
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-28
Elections

l. Z. Johnson, president of the Nor
folk & Western since 1908. has been
elected chairman Of the board Of d.
rectors, which Office has been vacant
since the death Of Major General Fink.
in 1912. f. D. Maher has been elected
president TO succeed Mr.. Johnson, and
A. c. Needles. heretofore general man
ager, has been appointed vice-president
in charge Of operations. These changes
become effective January !.
Ralph Dawson and Frank j. Frost
have been appointed assistant secre-
tar.es OF the Guaranty Trust Company.
Mr.. Dawson has been assistant man
ager Of the foreign department since
1914. Mr.. Frost became associated with
the new business department in May,
this year, subsequently engaging in
special work for the company.
Charles Hayden. of Hayden, Stone &
Co.. has been elected a director of the
William Cramp Sons Ship and Engine
Building Company. 20 succeed J. Hears
ley Mitchell, of Philadelphia. who re-
signed because of going in the govern
ment service.
James F. Sullivan has been elected
manager of the Lehigh Coal and Coke
Company, to succeed the late Richard
Y. Cook.
Samuel Riker. ir.. has been elected
a director of the bank of New York,
y. b. 4. Mr. Riker is a son OF the late
john Lawrence Riker. who for many
years previous TO his death, in 1909,
was the vice president of the bank.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-28
Tnexnected Gains and Losses

Numerous instances Of heavy losses
taken by individual shor. of the rail-
road stocks were recorded as a result
of yesterdays wild scramble to cover
by the bears at the opening of the
market. Stories were also told of trans
actions in which recent buyers for the
long account we're able TO take big
profits. much larger in several cases
than they had expected: One broker
told of a customer who had put in an
order to sell 500 shares of Baltimore
& Ohio at 80 just before the market
opened. The first sale recorded on the
tape was at So. and the customer got
"a for his 500 shares. He was not dis
gruntled over the execution of his or
der, since he made $500 more than he
expected.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-28

Comparative figures for 1914 not available.
1t will be observed that the aver
age operating income for the base
period compares very favorably with
that for the year ended June 30.
1917, in most cases, and that without
exception it is very substantially
larger than income in the peace year.
1t might be argued from these fig
ures that the President had been
overheard, but account must be
taken of the fact that the railway
investment has increased by hun
dreds Of millions in the last three
years, while the purchasing power Of
money has declined greatly. The
earnings guaranteed are satisfac-
tory, but no more than the carriers
are fairly entitled TO.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-28
News Digest


Interest Rate on British Treasury
Bills Reduced LONDON, Dec. 81
The money market was considerably
surprised to-day at the announcement
that the rate of interest on Treasury
bills had been reduced to 4 per cent
This indicates that the authorities wish
to force the banks to reduce their de-
post rates so as to divert deposit
funds, which are very large, and forth
coming dividends into war bonds. II
is believed in certain quarters that
after the deposit rates have been
lowered the bank rate viii come down
early in the new year. Discounts were
lowered in sympathy with the Treasury
issues.
The stock market was quiet. There
was moderate strength in home funds
foreign rails and mines. but hardly
sufficient business elsewhere TO tes'
prices.
PARIS. Dec. 27.-Trad.Rg was quiet
on the Bourse to-day.
Three per cent rentes. 5S francs 81
confines for cash.
Exchange on London, p francs 2l'a
centimes.
five per cent loan, S. francs % cen
times.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-28


nr.ferred stock. payable January 10 70 '''S'
bolders OF record December 81. .,.
Illinois Brick Company kegaG sf.r.
terly dividend Of ~ per cent psyso
u,ry IS 20 stockholders OF record JanssD
William Crsmp & Sons ship ans ~
Building Company. A dividend OF -
cent, payable February ! 70 stock OF
January u has been declared .,,s
This is az the same rate A. SIX
ago. when dividends we're resumed %.
Unitea States Smelling and Rsnmnt q, s
Regular quarterly dividend OF q
on common stock. payable January .,sr
stock Of record January H. ne -
quarterly dividend OF sIis cents "" 80
declared on preferred stock. payable on
date. p~rus
American Mailing Company. 30 ~
quarterly dividend 81 J = per cent %
frSt and second preferred stocks. eo,a ~
able February 1 10 stock OF ree0''
uary 10. 900
Lukens Steel Company. Regular ~,
terly dividends Of ia per cen, az.
Grst and secoad preferred stocks. n%n
able January 10 To stock OF reeofo
Der n. -, ...r-
New Jersey Zinc Company. -ReEus, w.
terry dividend Of per cent, p~ysen
ruary 2 TO stock Of record January ~, 4
Mohawk Mining Company e''sS 4
Sc a share. payable February ! 70 -
record January .. has been declares 7"
company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-28
Dividends Declared

Coasumers' Electric Light & Power-Reg-
ular quarterly dividend OF = per cent on
the preferred stock. payable December 81 10
stockholders OF record December 5.
Northern Pacific Railway. Regular qua:-
terly dividend OF 2. per cent. PAYABLE Feb
ruary | 10 stockholders OF record January 4.
Wabash Railway Company. Regular quar-.
terly dividend OF | per cent on the preferred
~" stock. payable January 81 20 stock
holders OF record January 10.
Norfolk & Western Railway.-Regular
quarterly dividend OF / per cent on the pre-
ferred stock. PAYABLE February 10 10 stock
holders OF record January 81.
Inspiration Consolidated Regular
quarterly dividend Of 81 share. payable
January IS 20 stock holders Of record jan
uary II.
z Western States Gas a Electric Regular
quarterly dividend OF IL. per cent on the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-28

The above rates express the cost OF
foreign money in terms Of tie Ameri-
can dollar You buy an English pound
sterling at. say, s47ji.. The intrinsic
parity is s4s65s per pound. Thus, you
say either that pounds are at discount
or that dollars arc at premium, which
is owing 20 :he fact that in England
the demand for dollars with which to
settle accounts in this country i,
greater than the demand in this coun-
Try for pounds with which 10 settle
accounts in England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-28
Atchison's Earnings

Another instance Of the mounting
cost Of railroad operation was FUR
nished yesterday in the November re-
mort of the Atchson, Topeka & Santa
Fc Railway. Gross operating revenues
amounted 10 Sl4.7s4,159, an increase Of
Sf7f4.945. but operating income. TO-.
falling s4.099,s67, showed decrease OF
sIO62. pa. The reason for the loss IN
net was not new. Operating expenses
,nrrnasnd 60 12Ah10.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-28
The Dollar in Foreign Exchange

In the foreign exchange market yes
terdav Italian and Russian rates were
slightly lower. Italian lire went TO
g.37 to the dollar. Russian rubles SOLD
at 12M cents, of z cent from Wednes-
day. France and sterling we've STEADY
Spanish pesetas were strong.
Closing rates yesterday, compared
with a week ago, are gwen in the table
below. American bankers have sus-
pended all dealings in German and
Austrian exchange. so that daily quo
tations for either marks or kronen are
no longer available.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-28
Money and Credit

Money rates were firmly maintained
yesterday. Most Of the call loans were
placed on a per cent basis, but in the
afternoon the rate eased of, closing
at per cent
Business in fixed date funds was re
stricted largely 20 renewals Of loans
based on Industrial securities. Rates
we're unchanged.
Ruling rates ibr money yesterday,
compared with a year ago. were as
follows:
yesterday. Year ago.
Oil money. s - Z q
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-28

Almost as important as the assur-
arce Of satisfactory income from the
Wall Street point Of view was the
Presidents statement that "the finan-
cial operations of the railways need
not interfere with the borrowings Of
the government" and that recommen-
dations will be made to Congress
that the railway properties will be
maintained during the period of Fed
eral control in as good repair and as
complete equipment as when taken
over by the government Under
these circumstances the veXing tinan-
cial problems with which the rail
roads have been confronted will
easily be solved. With earnings guar
anteed and assurances that main
tenance will not be deferred, it
should be comparatively easy to
finance the maturing obligations Of
the carriers. Bankers said yesterday
that they would have little difficulty
in providing for the heavy maturities
of 1918. For the period Of the war
the government will supply all the
new capital that is needed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-28
New York
Bankers TO Banquet.

Bankers 10 Banquet.-The eighth an
nual dinner Of the Trust Company Sec
ton Of the American Bankers Associa-
ton will be held at the Waldorf-Astori;a
Hotel on Monday, February 20. FRANK
". Blair. president OF the Union Trust
Company, Of Detroit, ia president OF the
section.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-28

sa.ional move in the railroad shares
United States Steel common stock on
dealings Of 2s6,OO0 rose to ~. CLOS
inc nj az points up at s7h. This. com,
rcd with a recent low record price or
Toib. Central Leather common was ~
points up at the close; the preferred
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-28
Dividend Changes
Delaware, Lackawanna & Weste

Delaware, Lackawanna western.
A quarterly dividend Of per cent has
been declared. the directors announcing
a departure from the policy followed
heretofore of declaring four quarterly
payments Of 2is per cent each ana a
spccial dividend of 20 per cent. Hence
forth the board intends TO declare quar-
terly dividends only and omit the. spe,,
cial dividend which has been declared
once a year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-28

Shares OF the Pullman Company
which will be affected by the govern
ment's control Of the railroads, rose ,
points. to ll2. Railway equipment COM
panv shares advanced . to 3 points on
the expectation that with the govern
ment in charge of railroad operation
and maintenance large orders Tor new
rolling stock will be placed to build up
the efficiency Of the transportation lines.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-28
Quoted cents to the unit

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, 1917-12-28
f3.e66.524

The balance sheet shows total as ,ets
and liabilities Of SS3 ,342. 422, as Of Sep
TENDER 80 last, compared with S72,S77,-
3l4 September 30, 1916.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-28

Bank of France.-PARlS, Dec. III
The Bank of France reports an increase
in gold of 2,6l6,oOo francs. The state
ment with the changes. in francs, from
q week AGO follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-28
Bos,on Consolidated. A quartcrl!

dividend Of IL per cent has been de-
clared. this being a reduction Of one
half of per cent from the rate for
meflY paid.