davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-12-03
City Bank Plans
Rapid Expansion
Throughout World

Frank A. Vanderlip, president of the
National City Bank, in announcing yes
terday the opening of three additional
banking houses in South America, re-
vealed the general plans Of the in
stitution for further development into
worldwide enterprise. The prompt
establishment of branches in Holland,
Spain, Belgium, Switzerland and else
where, he said, may be expected as the
next steps in the broad expansion that
is anticipated.
The war has solved one of the chief
problems in connection with American
foreign banking and trade develop
ment-that of getting adequate men
through the training in language and
outlook that it has given to millions of
young men who fought for democracy
overseas, Mr.. Vanderlip declared.
AS result OF the new vision that
many men received in the army" he
continued, "this question Of personnel
for Americas emergence in world trade
and banking has been taken care Of
Many army officers have already made
application for places in foreign bank
ing branches, and the National City
Bank plans to take some of them on.
carried great responsibilities, and de-
veloped rapidly. They will make a
splendid source Of material for Ameri-
can business and finance to draw upon.
heretofore, the lack OF adequate men
Tor foreign banking development was
the chief retarding factor.
! Il believe the government has adopt
ed suggestions for the selective de-
mobilization of the armed forces,
permitting men that are especially quail
lfied to take important positions-im-
portant to the country as we'll as to
special enterprises-to be freed of
military duty promptly. Men who are
gong into banking, as | understand it,
will be included in this group that will
receive an early discharge.
OF the three new South American
branches, two are to be opened in Ar
gentlna-one at Rosario, an important
city situated on the River Parana
north of Buenos Ayres, and the other
which technically will be a sub-branch
of the Buenos Ayres branch, win be To-
Gated In the Once section, the mer-
chandising and manufacturing section
of Buenos Ayres
The third banking house is to be
opened at once at Santiago, Chile
where there has been an office for
several months, through which business
was done by the Valparaiso banking
house. A complete bank. it was an
nounced, was found necessary because
of the growth of the business. The
present branch in Buenos Ayres is the
sixth largest bank in that city in re-
spect to deposits, which now reach
$33, 900 900
With these three additions, the Ma
tional City Bank and the international
thanking Corporation, a subsidiary, now
have forty-two branches, Of which
seventeen are branches Of the National
City Bank proper. The proposed branch
IN Holland will be the first foreign
bank in that kingdom.
New-York tribune., 1918-12-03
Government
Draws Z pom
Spanish Credit

The government, it was learned yes
terday, has avaled itself of the first
instalment of 75,000,00O pesetas of the
250O00,000 peseta credit arraigned sew
eral weeks ago with a group of Spanish
banks. The funds obtained are being
used to liquidate debts incurred in
Spain in the purchase of supplies for
the American expeditionary forces in
France.
Although no official announcement
of the terms of the credit was ever
made, it was stated at the time the
transaction was arranged that New
York banks would be enabled to draw
upon the Spanish banks in the syndicate
through ninetyday acceptances, which
the Spanish banks would discount at
AZ per cent. The credit was to be
used in four instruments.
New-York tribune., 1918-12-03
Chicago Elevated Earnings

The annual report for the year ended
June 30 last discloses gross revenue Of
the Chicago Elevated Railways Collgt-
eral Trust amounting to s9,777,164.
Operating expenses totalled s5,22797S.
which compares with s4,S24, 1856 for the
preceding fiscal year. Taxes. etc
amounted TO $932,4oS leaving an oper,
at!ng income OF $3,616,7TS, to whicn
other income Of $780, ,49O was added,
making total income Of s3,767.268,
against s3,753,682 After dividends Of
Sl,1ss,395 had been paid, the surplup
was sl7s,A29.
New-York tribune., 1918-12-03
Wealth Markets and Commerce
Relevant Comment
Wilson & Co. Financing

Announcement was made last night
that the Wilson G. Co. financing
would take the form of ten-year
convertible sinking fund 8 per cent
gold bonds The matter was up before
the Capital Issues Committee yestcr-
day and approved The bonds will be
convertible Mt the option of the holders
after December /, 1920. The bonds
will be offered at 95 and interest, to
yield go per cent. The Guaranty
Trust Company, Hallgarten d Co.,
William Saloman & Co, the Illinois
Trust and Savings Bank and the Con.
tinental and Commercial Trust and
Savings Bank constitute the syndicate
which is putting out the issue.
New-York tribune., 1918-12-03

lower. Closed dull, at net decline Of
n 10 100 points December. 19.14c:
January. 1880; February, lie; March
l6.27c; April, 15.70c Manchester:
Yarns weak; cloths duh.
Southern spot markets follow: Gal
weston quiet, 80 points lower at 2s.5Oc;
sales, $50 bales. New Orleans quiet
unchanged at 28.75c; sales, 1859 bales
Mobile quiet, 1862 points lower. at
2o.SSc; sales, 54 bales. Savannah nom
mai, unchanged at 29c; sales nil. Nor
toik nominal, unchanged at 27.25c; sales
MI Augusta quiet, unchanged a.
zt.i2c; sales, 55 bales. Memphis steady,
loo points lower. at 2sc; sales, zoo
paies' houston steady, 40 points low
er at CSC; sales, SO bales. Little Rock
quiet, 90 points lower at 2sc: sales. So
bales.
New-York tribune., 1918-12-03
New Coffee Restrictions

The board OF managers of the New
York Coffee Exchange yesterday called
a special meeting, to be held on the
floor of the exchange next Monday
morning, to consider communication
received from the food administrator
touching on the reopening of the mar
ket.
New-York tribune., 1918-12-03
Transfer Unnecessaryr


In connection with the reported will
ingness Of the government shipping aU-
thorities to purchase the ships owned
by British companies in which the In
tcrnational Mercantile Marine Company
holds a controlling interest on the same
terms as British syndicate offered to
do, director of the International
Mercantile Marine Company said that
it would be possible for the government
to purchase the assets of the British
company through the Emergency Fleet
Corporation without having the ships
transferred from British to American
registry. He conceived the possibility
of the American governments owning
the ships which form the basis of the
proposed deal, with the ships still fly
ing the British flag. 1t could not be
ascertained whether the government
would purchase the ships under such
conditions. The purpose of the visit
Of cambridge Colby, of the Shipping
Board, to New York was to confer with
the attorneys of the International Mer-
camille Marine, it is said
Standard Oil Dividends
Cash dividends by the so-callcd Stand
ard Oil companies in the last quarter
of 1913 will aggregate $24,O35,252, ac-
cording to Dow, Jones & Co. For the
corresponding quarter year ago dis
bursements to shareholders amounted
to $27 ,463,252. The decrease of $3,42S,-
600 is attributed to smaller payments
by pipe lines and omission of dividends
on the common stock of the Galcna-
Signal Oil Company and of the Cheese
brough Manufacturing Company. While
the fourth quarters dividends are also
smaller than in the three preceding
quarters, the total for the wear. S1O3.-
4S091G, is the largest ever paid, with
the exception OF 1917, when the total
was augmented by special cash dis
tribution of almost $40 900 900 by the
Standard Oil Company of New Jersey.
Steel Men Discuss Prices
The general committee of the Ameri-
can Iron and Steel Institute, at an all
day meeting yesterday in the Offices of
the United States Steel Corporation,
discussed questions of trade policy
which are expected to be taken up in
detail with the War Industries Board
in Washington on December II. 1t is
believed that at that time it will be
decided whether present price re-
strictions will be continued after the
first of the year. In this connection
considerable significance was attached
to that part of President Wilson's ad-
dress to Congress in which he advo-
Gated the continued use of existing
agencies during the reconstruction
period. Before the institute committee
goes to Washington it is cons idered
likely that the views of the trade will
be obtained at a general meeting OF
iron and steel representatives. Judge
Gary admitted that the calling of such
a meeting was under discussion.
New-York tribune., 1918-12-03
The Dollar in Foreign Exchange

Increasing firmness of French and
English exchange furnished the feature
of quiet foreign exchange market yes
terday. Neutral exchanges displayed
an easier tone on slightly larger Of
ferings.
Closing rates yesterday, compared
with a week ago, follow:
Quoted dollars to the pound).
New-York tribune., 1918-12-03

Sub-Treasury. The banks lost
S2,638,67 to the Sub-Treasury.
Slver.-Londc", 4Ss4d unchanged; ;
New FORK, l01 hsc. unchanged; Mexican
dollars, 7712c. unchanged.
London Money Market. - LONDON,
Dec. Money, per cent. Discount
rates: Short and three months bills,
3 1882 per cent. Gold premiums at
Lisbon, 80.
New-York tribune., 1918-12-03
American Telephone & Telesrspb e.
Thirty-Yesr Five Per Cent ColIste,ar rr,s
Gold Bonds

coupons from these bonds. payable b.
'nelr terms on December |. 1918. at the
once or agency of the Company IN New
YORK or in Boston. will be paid IN Nev
York by the Bankers Trust Company. u
Wall Street
G. D. MILNE. Treasurer
New-York tribune., 1918-12-03
Money and Credit

Withdrawal by the Treasury of
substantial amount Of funds on deposit
with the local banks brought about
New-York tribune., 1918-12-03
, u S ( e n q II c G
Cereals
yFhea'

Wheat.-The movement of wheat for
export is increasing in volume. ship
ments from North America last week
totalling 9,053,000 bushels, of which
5,21S,00O bushels were in the form Of
-four. Other countries are also ship
ping wheat somewhat more freely, and
total worlds exports last week we're
1l,5sO,000 bushels, compared with r.
100000 bushels the previous week, ana
100000 bushels for the CORES ponding
week year ago.
New York. Yes soaa days Previous a;o.M Year Yea
Chicago:
December ........ 1885 1.2714 1.2sgs
January .-....... 1859 ..261s
Oats.-A firm tone prevailed in the
oats market and final prices were =
10 l cent net higher The advance in
corn had q stimulating influence. and
the market was also affected by further
buy ng of cash oats in the West to fiji
old export orders. Receipts were quite
hoerai' however, and the visible supply
increased s,024000 bushels, bringing
the total to 29,143 900, compared with
le,os6,000 q year ago.
Yesterdays Previous Ysns
New orr. close close. Ego.
January ......... .7ess .71s4
Corn.-The corn market was com
paratively quiet, but after an irregula-,
opening prices developed strength ana
(Contissusd oss page tsoeLysJ
New-York tribune., 1918-12-03
Union Pacific Rallies

The regular quarterly dividend of y
per cent came off the price of Union
Pacific common yesterday, and at one
stage of the market session it was all
but recovered. Union, after an early
decline to 1873, rallied to 1919, which
compared with q final price on Saturday
of 1919. The closing price was 130%
where the stock showed a net gain Of
3 points
New-York tribune., 1918-12-03
Yesterdays cotton statistics follow:

Liverpool cahies: Spot cotton, more
demand, at rs points decline; middline.
2o.25c; good middling, 1850 Sales.
1000 bales; American, 1900 bales. I'm
ports, $4,000 bales: American, $4,000.
Futures opened qulst, So - 100 points
New-York tribune., 1918-12-03

The Federal Reserve Bank Of New
York has put in force the following
schedule of rediscount rates which ap
ply to bankers acceptanccs; Maturities
up to Is days, per cent; 16 to 60
days, inclusive, Az per cent; 81 to 80
days, inclusive, a u per cent.
New-York tribune., 1918-12-03
+ elephone
Hanover o5i4

stltenlng in call money rates in this
market Yesterday After opening around
to 51a per cent, call money at the
Stock Exchange hardened at midday
to to 61a per cent. The ruling rates
for the day were SIS to per cent.
The supply of fixed date funds was
fairly ample at the beginning of the
new week. Interior banks are still
transferring funds here. Rates con-
tinuc unchanged.
Ruling rates for money yesterday,
compared with a year ago, were as
follows:
Yesterday. Year ago.
Per cent. Per cent.
Call money:
On mixed collateral 5La
On industrial cl'tY. 6
Time money (mixed collateraD:
Sixty days ...... 6 5M@5N
Ninety days ....... 6 5M@SN
Four months ..6 6 5I2M53n
Five to six months. 6 6Lo653z
Commercial Paper.-A fairly large
volume of commercial paper is moving
al o per cent.
Bank Acceptances.-The demand for
acceptances continue moderately active
Rates were unchanged as follows ycs-
terday:
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent.Per centPe. cent,
igiblc
m m b er
banks .4s@4 4Yy @4f. 4S@4La
E g lie
nOn-menl-
Der banks. .4l4 @4Is 4as@4l4 42s@4Ys
Ineligible
bank bills.5N@5 51z@s sH@s
For delivery within thirty days:
Per cent.
Eligible member banks ......... 4Is
Eligible non-member banks. .... Az
Ineligible bank bills. ........ 6
Discount Rates.-The f FLOWING table
New-York tribune., 1918-12-03

Discount Rates.-The FLOWING table
gives the current rates of the twelve
Federal Reserve banks on commercial
paper for all periods up to ninety days:
New-York tribune., 1918-12-03

Nominal.
Below is given the current exchange
value of foreign money in dollars aud
cents, together with the intrinsic gold
parity, as calculated by the United
States Mint:
New-York tribune., 1918-12-03

Current
exchange Intrinsic
value. value.
Pounds, sterling ..... $47595 S4.e6s6
Francs ............... 0.184 O.1e. 8
Guilders .............. 0.42H O.4O. 2
Lire, checks .......... 0.15.79 0.19.3
Crowns Denmark 80. 026. 80 OPS 8
Crowns (Sweden) ..... OPS. 80 0.26 s.
The above rates express the cost Of
foreign money in terms Of the Amer
lean dollar. You buy an English pound
sterling, say, at s4.7595. The intrinsic
parity is S4.S6Ss per pound. Thus you
say either that pounds are at discount
or that dollars are at a premium. 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 coun-
try for pounds with which to settls &C.
counts In England.
New-York tribune., 1918-12-03

Bank Clearings.-Bank clcarings yes
New-York tribune., 1918-12-03

Commercial Paper.-A fairly large
volume of commercial paper is moving
at per cent.
Phoenix tribune., 1918-08-31
BISHOP c. H. PHILLIPS
TAKES UNTO HIMSELF
A CHARMING BRIDE

CLEVELAND, Ohio.-Mrs. Laura
Cheeks of this city has announced the
ensuing marriage of her daughter,
Miss Ella, to Bishop Charles Henry
Phillips of Nashville, Tenn, and two
distinguished families will thus be
joined
The Cheeks family come from an
old and representative family of
Abingdon, Va, and, following the
death of the father two years ago,
Cleveland became their new home. 1t
is a large family, one of numerous at
tainments and education. One son,
for instance, is a Christian minister,
and is a practieing lawyer of this city,
Ianother is a mechanical engineer do
ling inspection work for the govern
ment in, Detroit; another holds an Of
'ficial position in the army; one is a
dentist practicing in st. Paul, while
still another is pursuing professional
coarse.
One sister, Miss Lena Cheeks, has
taught at Tuskeegee several years
and was recently married to Profes-
Phoenix tribune., 1918-08-31
JUDGE A. c. BAKER
An Impartial Jurist

Judge A. G. Baker, whose name will
be submitted to the voters for nom
ination to the office of Judge of the
Supreme Court at the primary cleo
tion September 10, 1918, is a staunch
friend and advocate of liberty and JUS
tice. He believes that all men are
equal before the law and has support.
ed that belief by his unbiased and fair
decisions while on the bench
He has many friends among the
colored people of the State. In fact,
all who know him are his friends.
Judge Baker ranks high among the
legal profession of the State. He is
known as an able lawyer and a com
petent judge. While on the bench his
rulings and opinions have been noted
for their freedom from any kind of
prejudice. He has filled many posi-
tions of public trust with ability and
faithfulness. His broad legal training,
coupled with years of experience as
a Judge upon. the bench, eminently
qualities him for the position of Judge
of the Supreme. Court
Phoenix tribune., 1918-08-31
INDUSTRIAL SCHOOL
OFFERS OPPORTUNITY
TO AMBITIOUS YOUTH

The Topeka Industrial and Educa-
tional Institute, located at Topeka,
Kan, is the biggest and best indus
trial school for colored students west
of the Mississippi river. The princi-
pal of this institution believes there
is a goodly number of ambitious col
ored students in this section of the
country who want a broader, more
useful education and for that reason
he has caused to be inserted in this
issue of The Tribune an advertise
ment setting forth the many advan-
tages offered by this institution. of
learning.
We respectfully request those OF
our readers who are interested in any
of the courses offered, to write Pro-
fessor Bridgeforth for full informa-
tion concerning tuition, etc.
Prof Kelly Miller, dean of Howard
University, Washington, d. c., has ad-
dressed a message to the colored
youth telling him to continue his edu-
cation. He says that there is now
an unusual demand for educated men
and women and skilled workmen OF
our race, and after the war there will
be an even greater demand for trained
men and women.
Granting this prophecy to be true,
and we have every reason to believe
it is, it behooves us to be up and do
ing so that when we are weighed in
the balances we will not be found
wanting.
I There is not an agricultural and in
dustrial school in the country that has
better rating than the Topeka In
dustrial and Educational Institute, and
1--WE believe you will do well to make it
YOUR school.
Phoenix tribune., 1918-08-31
En- Route to Bisbee-

III nSutc 10 DlapSe-
Rev. J. Humphrey, state superin-
tendent of Baptist Sunday schools and
B. Y. P. U. work, passed through Phoe-
nix this week en- route to Tucson and
Bisbee He was returning from a
visit in the northern part of the state,
where he had been in the interest of
Sunday school work.
September 2 Is the Date
An Elaborate Spread
In honor of Mrs T. Fleming and
her daughter, Ethel, of Globe, Mrs L.
X. Wallace of 1909 East Jefferson
street served a dainty luncheon at
East Lake Park on last Monday after
noon. Fried chickens and all that
goes with it made up the bill of fare.
After the big chicken feast the diners
repaired to a shady grove and de-
voured a score of ice cold watermel-
ons. Twas a small crowd, but they
were all happy. Andrew Wallace con-
stituted the fourth member of the
party
Rooming-House Changes Owners
Mrs. Dora Williams, who has con-
Quoted a rooming house at Is South
Ninth street, sold her interest in the
establishment to Mrs. Emoni Groom.
Mrs. Groom was a former resident of
Tucson and is said to be a woman
who thoroughly understands the room
ing-house business. She is prepared
to take care of all visitors to this city
and she especially desires that all her
friends and acquaintances look her up
just as soon as they reach Phoenix.
Remember the place, IS South Ninth
street.
Phoenix tribune., 1918-08-31

sor Walter Sheehee by Chaplain Whit
taker ond Bishop Phillips Miss Ella
Cheeks, the bride-to-be, has taught in
Virginia and Kentucky. She served
two years at Tuskeegee and has just
resigned to become the wife of the
Nashville dignitary. Miss Cheeks
graduated from Hampton and subse-
quently did postgraduate work in Co.
lumbia University of New York, Che
ney and other we'll known institutions,
and is woman of pleasing, charming
personality, modest in her manners
and deeply religious. These attri-
butes, together with other lovely quail
tiles of head and heart, eminently fit
Her for the functions which will de-
volve upon her
Bishop Phillips is one of the out
standing figures in Methodism and
one of the leading churchmen of his
generation. He is scholarly, en- elo-
quent preacher and writer of power.
The ceremony will be pronounced
in st. Louis at 42O9 West Belle Plains,
carrying out the wishes of the Bishop
land his children, the most of whom
live there. That the Bishop should
marry in the, home of his son, DR.. c.
H. Phillips, Jr., with all the members
of the family present illustrates the
fine feeling of the children toward
the new addition to their fathers
home.
After the marriage, which takes
Phoenix tribune., 1918-08-31
= = = = = =
CHURCH NOTES
. !, :. !. Z. ;. !. !.


SECOND BAPTIST CHURCH-Sun-
day school 9:45 a. m. Preaching II a.
M and p. m. All are welcome to
these services. Rev. C. A. Gilmore
pastor
C. NJ E. CHURCH-Sunday school
10 a. M Preaching IL a. m. and s
p. m Epworth League Z p. m. A
cordial welcome is extended to all
Rev. A. @. Caldwell, pastor.
GRACE BAPTIST CHURCH-Sun
day school 10 a. m. Preaching IL a
m. Everybody come. Rev. ]. H, Jones,
pastor.
A. M. E Church-Sunday school,
10 a. m. Preaching, IL a. m. and
lp. m. Everybody welcome to these
services. R. H. Herring, pastor.
Phoenix tribune., 1918-08-31

1914 East Jefferson street this week
The house erected for Mrs, Brown is
one of the new style Phoenicias that
is being put up by Paul M. Steince,
the carpenter. 1t is a very cozy dwell
ing, consisting of three nice rooms.
Mrs. Brown had large screen porch
built on the rear of her house, which
adds greatly to the appearance and
convenience of her home. Go thou
and do likewise.
Phoenix tribune., 1918-08-31
September 2-keep of fthe date.
Celebrates rhirty.second Anniversar

Celebrates Thirty-Seeond Anniversary
At the residence of Mrs. A. Stew
art, 2S8 W. Jackson street, a de-
lightful birthday party was given on
August 30 in honor of Mr. W. L.
Thomas of Portland, Ore. The party
was well attended. Those present
were: Mr.. and Mrs. w. M. Walker,
Mr.. and Mrs. Rice, Mr.. and Mrs. Rus
sell, Mrs. Barnes, Mrs. NJ J. Maddox,
Mrs. Johnson, Mrs. Mccullough, and
Mrs. A. Stewart; Mr.. Joe Grant, Mr.
w. A. Bird, Mr., p Green, Mr.. Mackey,
Mr.. Alexander Mr.. Harris and Prof.
d. N. Mccoy The birthday cake,
which held thirty-two pink and white
candles, was made by Mrs. A. Nj.
Morrow. Mrs. A. Stewart also present
ed lovely Devils Food cake The
evening was spent in card playing and
dancing. Prof. Mccoy rendered sew
eral vocal selections appropriate to
the occasion. Every one seemed to
have enjoyed himself and on depart
ing all wished Mr.. Thomas many
happy returns of The day and that
he may be privileged to celebrate
many happy birthdays.
Moves Into New Home
Mrs. Brown, mother of Mrs. w. w.
Washington, 1913 East Jefferson
street, moved itno her new home at
Phoenix tribune., 1918-08-31

place August 2S, Bishop and Mrs
Phillips, accompanied by Miss Lady
Emma, will visit points in New Mex
leo, Arizona and California, returning
to Sunshine" their Nashville home,
in the fall
Phoenix tribune., 1918-08-31
coIored Boys Are Called

Messrs. LaRue Moore, Emmett
Lewis and Benz. H. H. Mckinney
have been notified to be ready to
leave, Sunday, September 2, for an
army training camp These young
men were taken completely by sur
prise, as they thought it would be
some time before they would be
called. Mrs. Emmett Lewis, wife of
one of the drafted men, will entertain
her husband, LaRue Moore and wife,
and a few friends at a farewell din
ner in honor of the two draftees, Fri
day evening, August 30 Mrs. LaRue
Moore entertained her relatives and
those of her husband at smell din
ner party Wednesday evening, Au-
gust 2S. 1t was given as a farewell
reunion before the departure of her
husband for the training camp. Don't
shirk your duty, boys; be brave
Well do our duty toward you and the
loved ones you have left behind. Have
no fear.