davidaulloa/AmericanStories huggingface dataset:
The Alaska daily empire., 1917-11-14
MORRISSEY Vs. KEENAN,
 FAMOUS RING BATTLE

In the early days of American pug ilism majority of the fistic glad iators were Irish by birth or parent age, and, although their supremacy has been threatened, the Hibernians will take the lead in the fighting game. Two of the greatest of these scrappy Irishmen were John Morris sey and John Heenan, who fought for the championship of America at Long Point Island, Canada, fifty-nine years ago Oct. 20. 1858. The two Johns were fellow townsmen, for both had been reared in Troy, N. J., which at another and later period turned out the Irish-American cham pion, Paddy Ryan. The battle be- tween Morrissey and Heenan was pulled off on Canadian soil because of the peevishness of the New York state authorities and was for $5,000 and the title. It was a fierce but brief combat, and Morrissey became champion in twenty-one minutes. In the early rounds Heenan had the shade, and he put one of his hands out of commission by striking a post. and after that he was at Morrissey's mercy. Morrissey rushed Heenan and wore him down. and by his tri- umph become the recognized cham pion of America. Heenan asserted, not without reason, that the injury to his fist was responsible for his failure and challenged his old foe to another fight, Mirrissey refused, and soon retired from the ring, and John Heenan was soon recognized as champion. Heenan challenged Savers to fight for the championship of the world and in 1860 they fought in England. The result was inde- cisive, owing to a ringside row, but Heenan had the best of the English champion. Later he fought Tom King, who defeated him.
The Alaska daily empire., 1917-11-14

ker-r-r-r once, then twice and three times, and occasionally even four times. When they are feeding they often sound a contented kind of chucklc which is similar to that of the mud-hen when undisturbed.
 Do Not Call Too Loud
 Sound travels a long way in still marsh. When the call is loud the mallard black-duck and widgeon de- tect easily the fraud in calls; there fore. modulate your voice in marsh. Oftentimes these wary birds, after coming into marsh in response to your call, will settle among the decoys; or they may alight outsiie of gun range and study the decoys to satisfy themselves of their being right If not disturbed they will then snowly move towards the decoys, feeding and chuckling as they swim
 Do not call too loud or too often.
 Call to attract the birds attention to decoys, then modulate your cali In marsh remember the birds can detect the imitation much more eas fly in a loud than in a untitled call.
 For deep-water birds call louder, for the calling or else give a low chuckle that they can just hear.
 If birds start to circle away, a few low calls will often bring them back.
 If Tn open water, the birds often will go entirely around you to dis cover what the suspicious bunch of lie low and do not try to keep them in sight all the while. Your moving will scare them quicker than any thing else. Lie low, and stay low,
The Alaska daily empire., 1917-11-14
EMPIRES SPORTING COLUMN General Items of All Kmds-Ring, Mat, Baseball
 and Other Sports
COLUMN N

cept for yellow streak which made him quit when his opponent got in a few hard licks. He won several battles by clever tactics, goading his opponents into striking foul blows, and he used this method with Jem Bailey and later with Ben Gaunt In second meeting with Gaunt, for the championship of Eng land, Ben refused to fall for Nicks scheme, and when the latter real ized it was up to him to fight he laid down. Old Jem Ward, on that occasion, publicly denounced his brother as coward and disgrace to the family" Nick continued to figure in sporting circles for some time, and was chief second to Ben digo when the latter won the title from Ben Gaunt.
The Alaska daily empire., 1917-11-14
PROMINENT MEN < ARE SHAKING IN
 BOOTS IN SEATTLE

SEATTLE, Nov. 14.-Ever since the raid of the Boulevard Inn at 1000 18th Avenue by police officers, in the cleanup campaign started by Mayor Hiram Gill in compliance with a request from Gen. Greene, a num- Der of prominent men have been shaking in their boots." The po- lice gathered in several prominent army officers and citizens, and al lowed them to go without giving their names to the public.
The Alaska daily empire., 1917-11-14
PREXY WANTS PEORIA IN CENTRAL LEAGUE
 MAY IMPROVE CIRCUIT

Harry w. Stahlhefer, president of the Central League. is anxious to re- tain Peoria in the circuit. Peoria was a member of the Three Eyes League until that organization sus- pended in July. It is understood the club must rejoin the Three Eyes League if the league decides to re- open next season We may change our territory somewhat" said Pres ident Stahlhefer, "and if Peoria is available a franchise surely will be awarded that city"
The Alaska daily empire., 1917-11-14
GOLFERS PAY IN
 FOR BABY FUND

The Portland Gold Club. acting on an idea suggested by the club presi dent, Frank J. Raley, held tourna ment the other day and raised a fund of s400 for the war baby fund for the care of those children who have been or are being rendered homeless by the war. The money is already on it's way to those Eastern people who are collecting the fund and sending it to France.
 It is planned to palce the photo graphs of the children. which the Portland Golf Club adopts, in the clubhouse. There the members car enjoy their families" and can point with pride to the photographs wher they are showing visitors about the place.
The Alaska daily empire., 1917-11-14
BENNIE SCORES 10 kNOCkOUTS DURING YEAR OF BATTLING

Here is Benny Leonard's 1917 rec ord complete. It shows sixteen straight victories, ten of them scored via the knockout route.
 All of those "Kayo" triumps have come since March when Benny, once called "The Powder Puff Kid" re- ceived orders from his manager to "cut loose with the wallop."
The Alaska daily empire., 1917-11-14

and if the birds come in do not jump up if you happen to be on shore. Rest just high enough to clear your blind when you shoot. Be assured the ducks eyes are on the shore side, for there is where they watch first for danger, and any move ment sends them scattering.
The Alaska daily empire., 1917-11-14
THREE BROTHERS IN RING

On October l9, 1889. Nick Ward won from Jem Bailey on a foul in England. Nick Ward was a younger brother of Jem Ward. the ex-cham- pion, and of John Ward. also fa- nous in the ring. The three broth CTS were amongst the greatest fight CTS of the period. and Nick might have gained championship honors ex-
The Alaska daily empire., 1917-11-14
I,III,IIlIIlIlIIIlIIIiplIIlIlHIiIIIIII
THOMAS OR EVERS TO
HEAD ST. LOUIS CLUB

HEAD ST. LOUIS CLOS
 Two players whom Branch Hickey admits having in mind to replace Miller J. Huggins as manager of the Cardinals, are said to Ira Thomas, former catcher for Connie Mack's s Athletics, and Johnny Evers of the Phillies. Thomas is favored by of ficials of the club, while Evers is a heavy favorite with the fans.
 Huggins turned down an offer of S10,000 salary per seasoon and 10 per cent. profits above $25,000 when he jumped to the New York Yan- kees. This offer was made by the St. Louis Club but Huggins refused to remain.
The Alaska daily empire., 1917-11-14
OPERATION SUCCESSFUL

A. s. Shoucair, owner of the Lead CT store, on Lower Front Street who was operated on for appenuicit is at St. Ann Hospital some time ago is rapidly recovering and will be able to leave the Hospital with ing a few days.
The Alaska daily empire., 1917-11-14
COL. HOUSE AND WIFE ARE GUESTS
 OF KING AND QUEEN

LONDON, Nov. 14-Col. House, head of the American delegation to the allied conference to be held in Paris, and Mrs. House were guests of the King and Queen at luncheon at Buckingham Palace yesterday.
 Phone 1t to The Empire. No. 374.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16

or other has hit him, but fails to un-
derstand just what or how. This is
the sole merit Of the plan--but not
the sole harm of it. 1t does other
and even worse things than simply
to divert purchasing power-all the
other and the more enduring evils
that attend changing standard OF
current and Of deferred payments.
If we are not to borrow from the
banks that lend easily and gladly
IL also infatingly-may we borrow
from other sources? Certainly we
may, if only to these other lenders
we offer rates Of interest high enough
to induce away from them the very
funds that taxation would have COM
pelled from them. But still it would
be better to pay 10 per cent interest
instead Of ;, if the 3 per cent
method is going to mean that prices
must so rise that twice as much bor-
rowing will be necessary-twice as
much debt to pay interest on at 8
per cent, and finally twice as great
volume of principle to be dis
charged some day through taxation,
when presumably the prices will
have fallen.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16
Australian Silver Mines

The advance in the price Of silver
has had comparatively little effect on
the share quotations Of Australian
mines which produce the metal, says
"The London Times" The extension Of
smelling and refining has resulted in
an increase in the actual silver pro-
duction OF the Commonwealth. There
are three large producers Of silver
from the mixed Australian ores, aetss'
and potential-the Broken Hill Assoei'
ated Shelters, with an annual ol'p'
Of $4,000 ounces; the Sulphide Cor
poration, with a future output Of about
two and three-fourths million ounces
and the Electrolytic Refinery Company
of Australia, with about 10000 ounces
The Sulphide Corporations refinery
will not begin to work until OCTOBER
hitherto it's argentiferous lead bullion
has been sent 70 this country and re-
fined here. The Associated Sme!lets
obtain their production from the lead
ores of the South, North, brln'n
Broken Hill, Broken Hill Proprietary
Block 10. Block II and Junction Norm
mining companies, as well as the LlH'
Corporation and Amalgamated L'n'
Company. The North and South com.
panies each produce about l,-VOV"
ounces annually. There is, however,
little prospect of any important ex'e''
sion of silver production in Austra1'''
on the contrary, present indications
are all the other ways the hlh''
become deeper the ore becomes les,
srgentiferous. Before the war us '0'''
output was estimated at fourteen "
fifteen million ounces yearly, OF "n''n
only about five millions were reHheu
locally. In the future practically o.
the silver will be produced and shippsea
as refined metal, and there W" ~.
only the limited quantity IN IIhS 60.
centrates TO be accounted for Dy .oy
pean smelters. The chief marAeS ~,
Australian silver are local and IN 70 'ls
East. Photographic and film trade, o.
a fair quantity. and India, 1A pc.
China and Eastern Russia take ~ "a
plies. Thus, very little ever eohs INA
the London market and Of late , nost
has come at all. IL Is not 'hoai
that the rise in silver will be spPsv",,
ably reflected in dividends, peIa
huge sums are required for sme',s.
transport, port equipment ana
metallurgical plants.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16
The New Way
Of Financing War

1t is true that the direct share Of
the government in augmenting this
colossal imitation through the issue
of government promises has not been
achieved through the issue Of nom
interest bearing government notes,
currency notes, but through inter-
est bearing government promises.
Thus, as interest bearing, they be-
come adapted to banking absorption,
out of the use of which the banks
create the non-interest bearing cur
lency. This new method Of financing
war through credit differs, therefore,
from the discredited and discarded
methods, merely in being worse, by
the exact measure of the interest that
it costs. Instead Of initiating directly
for itself, the government is paying
the banks to do for it what is in Ill
innate effect exactly the same thing.
But the new method, being less OBJ
vious and less ineligible, looks bet
ter.
And yet, on any other terms than
of these direct or indirect degrade
tons of the monetary circulation of
the realm, each government must
have set itself to fortnight and in
trinsic methods Of supplying itself
with its needed purchasing power.
By taxes? But taxes are easily
traced and felt and understood by
their victims, as initiation is not; and
thus taxes are not popular. But any
sort of borrowing or taxing or in
fation is, of course, nothing other
than method of diverting away
from ordinary civil consumption the
supplies Of goods which war requires
for government purposes. In results,
therefore, the different methods do
not in this respect at all differ.
By the method of taxation the gov
eminent commanders a fraction of
the citizens dollars. By initiation it
leaves his number of dollars I'M
changed, but empties them of the
same fraction of their purchasing
power. 1t puts into circulation sup
ply Of new dollars to compete with
the old. Inevitably, therefore, it sub
tracts a corresponding share Of their
purchasing power from the old
dollars. The victim easily recog-
nizes that he is hit, that something
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16

/ For it is precisely in this fact that
the conditions of production provide
IN effective-albeit only n partial
limitation on the supplies Of gold
ard silver that the metallic basis for
money finds its justification. There
is both good and i'll in the fact that
each is grievously and wastefully
difficult to obtain. Their costs Of
production-costs that paper money
might avoid-are actually our sole
protection against an unlimited sup
ply of paper units, against infla-
ton, against the high and still ris-
ing prices which initiation always
carries with it, and against the de-
probation of the unit which rising
prices express and report.
1t must, however, be freely adj
mitted that any metallic standard,
as, for example, gold, must be de-
fective in its working, precisely be-
cause the cost terms of its produc-
ton are an altogether inadequate
guarantee of the stability of the
money unit in point Of purchasing
power. On the one side, geography
and discovery; on the other side, in
vention and technical improvement
greatly disturb the regularity of the
supply. And even were it regular,
it must be the merest chance that it
be not too slow or too rapid with
relation to the expanding demands
upon it. 1t is, however, still true
that the annual output, even though
it increase by several fold in one
decade. as for example, between
1890 and 1900, bears still so small a
ratio to the total supply on hand
that the fluctuations in purchasing
rover are slight in any one year.
But these changes may be cumula-
tive, and generally are so. Gold is
q defective standard by the very fact
that neither financial foresight nor
political wisdom, but only geograph-
zeal hazard and industrial chance,
can furnish some degree of regular
ity in supply and Of adaptation to
demand. From 1875 to 1895 the
production of gold so Jagged behind
the increasing output Of goods for
exchange that gold was rising in
purchasing power relative to the
goods to be exchanged through it.
1t was an approaching money-a
medium in which prices gradually
fell, debtors were wronged, indus
try depressed, interest rates low.
The succeeding decades reversed this
tendency, with equally disturbing
and disastrous effects on another
class Of victims.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16

degree to increase the total efficiency
of the aggregate fund of purchasing
power for the purposes Of buying
things. The supply Of things to be
purchased is not enlarged; it is mere
" to subtract from each previous
dollar one-half Of its purchasing
power, to push up prices in the
same ratio that the volume of money
units is increased. 1t is out of pro-
iuction and not out of the interme-
dates of trade that the supplies for
the support of war must be derived.
70 purchase goods from one man by
issuing paper money to him is'to sub
tract an equivalent amount Of pur-
chasing power from the currency
held by other men--to compel an adj
vance in general prices as an offset
to the increase in the number of
units in the circulating medium.
The greater the number of cur
rency units the less there is for each
to do-which is only another way of
saying that correspondingly higher
must the prices go. Currency is
nothing but a medium, an interme-
date, in the exchange process. If
there are twice as many bridges or
ferries over the river, the average
of passengers is only half as great
for each. 1t is, Of course, possible
that the fact of more ferries might
attract more people to make the
crossing; but there is no efficiency
n more money to bring into ex-
istence a greater supply of goods.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16

, constant, that the price level, as it
is often termed, be protected against
either rise or fall. 1t is, then, by
reference TO the purchasing power
Of money over the things that human
beings buy with their money-with
due account made of the relative
amounts of each entering into gem
eral consumption--that the stability
OF the medium of exchange is to be
tested. Whatever money approx
mates nearest to meeting this test is
the best money.
1t is thus evident that money has
been working extremely badly dur
ing these three years of war-pass-
ably badly, indeed, during the past
two decades. The long upward
trend of prices since 1896 and the
sharp advance of the last three
years are the expression and the
proof that something is the matter
with the monetary system or sys-
TENS of the world, or at all events
with the gold-using systems. The
money unit-dollar, pound, franc,
mark-has been depreciating, there
with the drastic rewriting of con-
tracts without the consent Of the
parties concerned, the scaling down
of debts in terms Of their ultimate
signifcance-partial repudiation-
radical harm to the holders of cor
porate bonds and preferred stocks
to the equal gains Of stockholders,
the partial cancellation Of the saw
ings provided under the form of life
insurance for the care Of dependents
or for independence in old age,
fifty per cent reduction in annui-
ties, fixed salaries, and contract
rents, rising profits and falling real
wages, the essential impairment of
al capital represented by credit in
stitutions like banks and trust COM
panies, rising costs for the public
utility companies that yet can get
no advance in their service charges,
a menacing insolvency for the news
papers whose rising costs their sub
scribers cannot indemnify out of
tneir own contracting real incomes
their falling wages-dividends
and interest earnings rising with
the widening margins between wage
costs and selling prices, and there
fore and Herewith a relative fall
in the present worths of longtime
properties as compared with short
investments and goods for imme-
date consumption-while over the
entire field of business and industry
there rests the shadow Of specula-
tive conditions with all the specula-
tive activities that thrive in that
shadow.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16
No Limit
to Initiation

There is no limit to the issue Of
this bank-credit currency excepting
those limits which are set by the
money reserves which the banks
must hold-coin or greenbacks-
with which to discharge their de-
post liabilities, so far as payment
may be demanded. This limit, how
ever, exists only so long as redemp-
ton is imposed and enforced. But
the European governments long
since suspended this obligation of
redemption. requiring not even a
supply of reserves made up of gov
eminent paper money. All limits are
suspended on infation-if only it be
BY imitation through banking credit.
Prices rise in all the different coun-
tries. But since all have abandoned
gold redemption there is little move
ront of gold among them-no re-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-16

PmhyFm til Through
additional to
PunMpd Required

as investments Is purely an ethical
question-provided only that N.
raethods Of borrowing be wi,elv
chosen and are made actually possibi.
Of application. The problem in arv
case is to substitute the governmer,
control Of purchasing power for in.
dividual control, to reduce civil g.
ptnditure in order that state Or
penditure become possibie-all to Ii.
end that the state may do the cor.
sun1ing through a corresponding re.
duction in civil consumption,-ths
entire process summing up into a
radical redistribution Of the produe.
ticn and the consumption Of TIA
country 49, the activities that war
makes imperative thereby becoming
possible and actual. But 70 issue
greenbacks or to expand bank de.
posts is in no manner to add to the
supplies Of wheat or meat or powder
or blankets; it is just another method
Of distributing the control over pro.
duction and consumption.
In this aspect, therefore, taxation
imitation and borrowing are all the
same thing. Taxation accomplishes
the thing directly and uncompromis.
ingly-taking now from those who
have and can spare now. The bond,
also that are sold to the ultimate
investor take from those who can
spare now, but with the promise Of
taxes to be collected from Others
when interest is due, and finally Of
further taxes from others for the
discharge of the principal. Bonds
hoated through initiation Of bank
credit pay interest charges 70 the
banks for the service Of subtrac.ing
purchasing power from the general
public through changing the prices
Of the things that they buy-bu.
without their consent, with limitles,
disturbances to the general price
situation and with incalculable in.
justices in all relations Of debit and
credit. Inevitably, also, the process
is one by which the governmen.
pushes up against itself the price;
at which it is to buy, and therewita
expands the volume Of its bonded in.
debtedness; saddles the taxpayers
with a correspondingly heavier bur
den if ever the earlier price situation
is to be reestablished, and if the re.
establishment is not to take place
deludes whatever investors there are
by giving them contract payable
in a depreciating medium; dries up
the sources Of funds for itself By
offering the most desirable contract
to that investor who postpones in
vesting longest; and in ultimate re-
self harms even the bankers, their
losses through the falling Significance
OF their capital resources far out
ranking their gains during the short
period of high interest earnings.
BY what course o. d.. soning, then,
there is deduced out of the facts Of
this pathetic comedy a policy Of
trusting government with still fur
Their monetary discretion | am at
less to understand.