davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-07-23
Money and Credit

A!though rates showed no important
change, the money market reflected a
shghtly easier tendency yesterday and
offerings by the banks were somewhat
larger. At the Stock Exchange call
money ruled at 6 to 61z per cent.
Business in fixed date funds was
restricted largely to renewals at 6 per
cent for all maturities. The demand
tor time money continued moderately
heavy
Ruling rates for money yesterday,
compared with year ago, were as
follows:
Yesterday. Year ago.
Per cent. Per cent.
Call money:
On mixed collateral 6 4s1
On industrial col't'l Ga 5A
Time money (mixed collatera):
Sixty days ...... 534@6 4L2@4l
Ninety days...... 5s4@6 q @4l
Four months -. 5s4@6 4Is
Five to six months 5a4@6 4Ia
Commercial Paper.-Out of town
banks are the principal purchasers of
GO Gooihhlerclal paper at the present time.
me rate remains steady at per cent
for the best regular maturites.
Bank Acceptances.-A fair amount of
activity developed in the bank accept
ance market yesterday. Rates were
unchanged as follows:
Thirty Sixty Ninety
Spot de- days. days. days
livery: Per cent. Per cent. Per cent.
BILE
banks. =. 4a@4 4h@414 4A@44
E igibla
non-mem-
Der banks.414@41s 4sa@4s 43A@4h
IN eligible
bank bills.5A@4a4 5I4@4a4 5L4@4sz
For delivery within thirty days:
Per cent.
Eligible member banks ........ 4ls
Eligible non-member banks. go. 45S
Ineligible bank hills.
Silver.-Bar silver in London was
As sd. unchanged; New York, 995sc,
unchanged; Mexican dollars, Tie, un-
changed.
Sub-Treasury.-The banks lost $274,-
4l0 to the Sub-Treasury yesterday.
Discount Rates.-The following table
gives tho current rates of the twelve
New-York tribune., 1918-07-23

The above rates express the cost of
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling at. say, s4.75sa. The intrinsic
parity is s4.S65s per pound Thus you
say either that pounds are at a dis
count or that dollars are at premium,
land 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 settle &C.
counts in England.
New-York tribune., 1918-07-23
Premium Is Reduced

The premium on New York funds at
Montreal stood at 29-32 per cent yes
terday. This compared with 31-32
per cent on Saturday and recent
high record of 2bs per cent. The
present premium is the lowest since
June. AS the season advances it is
expected the rate will approach par
inasmuch as it is believed that the
shipments Of Canadian grain will tend
to relieve the situation.
New-York tribune., 1918-07-23
Russian Bonds Move Higher

Russian bonds, which with the
French issues advanced briskly last
week on the news of the French -Ameri-
can successes against the Germans, con-
tinued their upward movement yester-
day. The external 6hs, which sold as
high as Sc, closed at 55, compared with
Saturdays last sale at So. The SIS
after tou,hing 5e closed points down
at 81. The rise in the latter issue dur
ing the past week has amounted to
almost II points.
New-York tribune., 1918-07-23
Wealth Markets and Commerce m

bonus is given to the producing mines
the product is made by international
agreement, the important producers
will be compelled to discontinue oper-
ations, and the already decreasing pro-
duction will be further and most seri-
ouslv affectndn
New-York tribune., 1918-07-23
Minerals Separation Not Involved

Although the Beer, Sondheimer Com
pany, taken over yesterday by the
Alien Property Custodian, was credited
with owning 10000 shares in the Min
erals Separation North American Cor
poration, the attorneys for the metal
dealers stated that in no way was the
latter concern involved in the govern
ment's action. The Minerals Separa-
ton Company has patents on method
for concentrating ores which is used
by certain mining properties, and had
it been taken over by the Alien Prop
erty Custodian there was believed to
be a chance that the process nigh.
have been used generally with no fear
of infringing the patents. The process
was brought over from Great Britain
and the company here controls the
American rights.
New-York tribune., 1918-07-23
The Dollar in Foreign Exchange

Quiet and relatively inactive, the
foreign exchange market registered no
significant changes in rates yesterday.
The fluctuations were narrow and un-
important. The pesetas showed a
slight weakness. London and Paris
quotations were notably steady.
Closing rates yesterday, compared
with week ago, follow:
Quoted dollars to the pound.)
New-York tribune., 1918-07-23
The Gold Miners Position

A Boston man who has long been
identified with the gold mining in
dustry thinks something should be
done to help the producers carry the
burden of increased costs of opera
ton. "Gold now chiefly comes from
low grade deposits" he says. "The
entire industry is threatened. This
situation has been developing for the
last four years. and has now become
so acute that the production of gold
from the majority of low-grade de-
posits is now being made at loss. Il
is inevitable that unless some form of
New-York tribune., 1918-07-23
Bankers Buy Yonkers Bonds

Harris. Forbes & Co. and Redmond
& Co. were yesterday awarded the is
sue of $4,000 Of per cent improve
ment bonds of the city of Yonkers on
their joint bid of 101.944. There were
several other bidders for the issue.
New-York tribune., 1918-07-23
BUY-sELL

MIDWEST REFINING CO.
Merritt OIL CORPORATION
ELK BASIN PETROLEUM CO.
INTERNATIONAL PETROLEUM
IMPERIAL OIL CO., LTD.
LOBITOS olLFlELDS, LTD.
SAPULPA REFINING CO.
HOUSTON OIL CO.
PORT LOROS PETROLEUM
NATIONAL FUEL GAS CO.
NORTEWEST OIL CO.
CO SDEN AND CO.
eoAps STOCK
CARL RLH-PFoRZHEIMERacQ
Dealozv in Standard on Securities
ehss@ <Sse- i-H>s-A Broad. - Broad St.. n. r.
New-York tribune., 1918-07-23
DIVIDEND NOTICES
HE PULLMAN COMPANl

DIVIDEND No. -Jb
A quarterly dividend Of two dollars per
share viii be paid August 10Th. l9ls, to
stockholders Of record al close u business
July 3lst 1918. J. + KANE, Secretary
Chicago, July Goth, 1918.
New-York tribune., 1918-07-23

London Money Market.-LONDON
July 22.-Money was steady at "a
per cent. Discount rates were: Short
bills and three-month bills, 1882 per
cent. Gold premiums at Lisbon re-
mained 13O.
New-York tribune., 1918-07-23
England Studying the Problem

The same problem is giving the Eng
lish financial authorities much concern,
Some of the gold mining companies in
the rich South African fields are re-
porting decreased production owing to
the labor shortage and the high costs
of operations. A committee has been
appointed in London to investigate the
subject and suggest remedy.
New-York tribune., 1918-07-23
Consolidated Exchange

Transactions and prices yesterday Tor ''
more active shares follow
New-York tribune., 1918-07-23

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., 1918-07-23
Corporate Returns

Pacific Mills.-The net sales Of the
Pacific Mills for six months ending
June 20, 1913, were s27,864S95 The
net profits for the period was $780,
$50.
New-York tribune., 1918-07-23

Atlanta, Birmingham < Atlantic
The general balance sheet OF the At
lanta. Birmingham & Atlantic Railway
Company as of December 81. 1911. gave
operating revenues as So, ,9S3 .36o com
pared with S3,339,840 for the previous
year, and operating expenses as $685.
PSI, compared with S2.555,16l.
New-York tribune., 1918-07-23
Republic Railway & Light Company.

Its June, 1918, gross is given as
s449, ,349, compared with S375,345 for
the corresponding 1917 month. an In
crease of S74003; and It's twelve
months gross is S5,467, ,589. an increase
of S1,184,s2o. For the long period sur
plus after charges decreased slO4,6l7.
New-York tribune., 1918-07-23

Federal Reserve banks on commercial
paper on all periods up to ninety days:
New-York tribune., 1918-07-23

Silver.--Bar silver in London was
4s7sd. unchanged; New York, 995sc,
unchanged; Mexican dollars, Tie, un-
changed.
New-York tribune., 1918-07-23

Utah Securities Corporation. = The
June gross was S554,146, al increase
of $4,000, while gross for twelve
months was S6,923 ,598, an increase OF
1851 ,229. For the long period net after
taxes amounted to S3,707,07S, an in
crease of S377 236
New-York tribune., 1918-07-23

Sub-Treasury.-The banks lost s274,-
4l0 to the SubTreasury yesterday.
New-York tribune., 1918-07-23

Discount Rates.-The following table
gives tho current rates of the twelve
New-York tribune., 1918-07-23

Bank Clearings.-Bank clearings in
New York and the other principal cities
yesterday were as follows:
Exchanges. Balances.
New York ....$412,9e1,o ,o94 $57,498,794
Chicago ...... 87,393,793 6,464,294
boston ....... 4o,578,e37 s,8es, ,70o
Philadelphia E. 65,630,614 13,147.524
New-York tribune., 1918-07-23
Lake Shore Electric Railroad System.

Lake Shore Electric Railroad System.
May gross increased Sl9,991 TO
total of $161,52S and surplus after
charges decreased $2,2l9 to $1,000. Five
months gross was S772, 168, an increase
of S122,242, but surplus after charges
for that period decreased Sl7l68
Pierce Oil Corporation.-Ne profits
of the Pierce Oil Corporation for the
first half of 1918, with those Of Juns
estimated at S425 900, total Sl,565,lsz,
compared with $685., 1856 for the CORE
spending 1917 period.
New-York tribune., 1918-07-23

FET cent
Eligible member banks ........ ALs
Eligible non-member banks. .... 45S
Ineligible bank bills.
New-York tribune., 1918-07-23
Dividends

Pacific Mills.-Regular semi-annual
dividend of 81, payable August i to
stock of record July 20
New-York tribune., 1918-06-02
7 ike a Man in a
- Railroad Train

In most cases, Mr.. Baldensperger be-
lieves, the prophet in time of war
resembles a man who sits in railway
train, in some huge terminal station or i'm
portant junction, where many lines run
parallel or slightly divergent, with another
train moving along on each track and hav-
ing all possibilities of increasing or dimin-
ishing it's own speed. One man feels that
he is moving; he sees that he is moving
faster or slower than other trains running
in the same direction, and makes his antic-
ipations accordingly. What he does not
know is to what extent the rival motors
able to speed up or to slacken down,
and to reduce to nothing or increase to the
extreme his poor little instructive prophecy
"Forecasting of that kind being the very
widest of shooting, l think that country
ought rather to become increasingly aware
of ITSELF of its main past, of its living and
deep-rooted resources, than to indulge in
systematic exploration of the future Rus
sia has been weak because she was too
much thinking of things to come: and
dreaming of vastness, she prepared split
New-York tribune., 1918-06-02
Fruits of Faith

WE have come to know that this world
is not for the qualification of the
desire of few but for the benefit of the
many. That power must be common
capital. That nature, not man, is the
enemy man must conquer, and that the
world belongs to him who reclaims the
desert, who bores the mountains. who
most swiftly sails the sea and most surely
masters the air; who with plough and
microscope, furnace and blowpipe, test
tube and machine, makes this world serve
mankind best.
10 conquer nature man broke down
the gates of the Garden of Eden and
came forth to meet the challenge of an
unordered world. For ten times ten
thousand years he has been engaged in
this conquest Trench after trench he
has taken, hilltop after hilltop, and no
one can dare to say what shall be the
limit of his progress. A thousand wears
hence have no doubt the world will see
another international exposition beside
this very bay and then will realize that
the high purpose OF democracy is to
prove it is the conQueror OF the world
by being it's supreme servant
New-York tribune., 1918-06-02
ous and Ancient Profession of War Prophecy

ting. France has been safe, beeausA -.
remembered more than she schemed. H.~
PLY enough England did not tax. 49,
seriously Mr.. Wells's adyice, to think -.
stanty of the future, and to contemn,...
always the thing that is seeking to e.,.h &
lsh itself
81 used to be, in my young days, ere.,:
walker; and, like so many Frenchmen rs
have preserved footing as my favor;ts
exercise Now / know that, for an en..z
getic pedestrian who tries on mareb ~
develop his possibilities to the utm,... I
there are two ways of acting mentally SIS
the physical forces. One is to think of th.s
end of the trip, of the delight of the ba.N
tlery to be reached, Of the splendor Of Il g
panorama to be discovered from the xum q
nit up there; the other is to take a fr,fl
cognzance and control of well-works..
body, to delight in the oozing air and ~
articulate movements. The first is. in Ill
way, optimistic prophecy-too often ~.
thetc substitute for more efficient forms IL
action. The second is clear awareness IL
the present, with just that portion ~
prophecy which is simply the part of future
involved in the" present surrounding US.
New-York tribune., 1918-06-02

fed under four main different forms, un-
equal in Importance and singuarity, equally
irrational in their foundation, ali Of them
diverging from the admirable suggestion Of
the American humorist: Don't never
prophesy- unless you know These four
expressions of the anticipative faculty
might be distinguished as follows:
"I. Presentiment, by which the individual
has some inward premoniton concerning
his own future; II. Prescience, by which
some one not entitled, technically, to know
about coming events foretells what is to
happen, and knowing in part, prophesies in
part; III. Prediction, by which definite
issues are anticipated, without any rational
knowledge of conditions or real informa-
tion about possibilities leading to an omi-
nous future; w. Provision, by which even
times to come outlined as differing
more less from the present, and which
appeals partly to some historical knowledge,
struction."
Of the last-named division Of
prophecy, "prevision," this writer says:
"What is to come after this war, and
through this war-not only the new map
of Europe and of the world, but the great
moral and social issues which, mora than
any material results, can give full signif-
cance to such momentous event! Here
are, of course, in realm where pre-
vision is mostly chance, where, as a
matter of fact, the widest enticipations
allowed to meet the sanest expectations.
Both seem to me to belong, anyhow, to the
great species of prophecies, because can
not see mind really capable of know
ing all conditions at the same time, of
grasping the struggling forces and Of fol-
lowing up to their consequences the diverg-
ing tendencies that may evolve into new
realities"
New-York tribune., 1918-06-02
The Message of the West

/ LLOYD GEORGE said the other dav
- that the United States had never
fought war that it had not won. He
might have added that we never fought
war in which we did not know that we
were right. This war, however, is to be
a supreme test. We are to test the fibre of
our people; we are to test our ability to
cooperate; we are to test our sense of
nationailsm; we are to test our loyalty to
democracy; we are to test to the ultimate
the resources of our nation. the capacity
OF our mines and miners, of our farms
and farmers, of our mills and ,nillhands.
we are to test our own vision and the
greatness of our own minds-whether we
are worthy of a large future or welded
TO little life; we are to test our own
conception OF this country and its rela-
tion to the world.
New-York tribune., 1918-06-02

go into the cannon that will fire the mis-
slles across the line? This thing is up to
me, Mr.. Washington. What is my duty?"
What would he say to you? He would
say: Gentlemen, that is a challenge that
l had to meet more than hundred and
fifty years ago. | was the richest man in
Virginia, the richest man in the South
All the associations that 7 had were
with those who believed in comfort and
prosperity. | had great dreams of ex-
tending my land holdings in the far, far
West. saw myself the master of great
system of canals uniting the coast and
the Mississippi. But when the challenge
was put up TO me pledged not only my
life and my sacred honor, but my fortune
behind the cause of liberty"
New-York tribune., 1918-06-02
The American Pioneer
NHALL tell you who he is, this key fig
~ ure in the arch of our enterprise?

NHALL tell you who he is, this key fig
~ ure in the arch of our enterprise?
That slender, dauntless, plodding, mod
est figure Is the American pioneer.
TO me he is, indeed, far more: he is
the adventurous spirit of our restless
race
Long ago he set sail with Ulysses. But
Ulysses turned back.
He sailed again with Columbus for the
Indies and heard with joy the quick COM
mand, "Sail on, sail ON, and on" But
the westward way was barred.
He landed ut Plymouth Rock, and with
his dull-eyed oxen has made the long.
long Journey across our continent. His
way has been hard, slow, momentous.
He made his path through soggy, sod
den forests, where the storms of thou
sand years conspired to block his way.
He drank with delight of the brackish
water where the wild beasts wsllowed.
He trekked through the yielding.
treacherous SHOWS; forded swift-running
waters; crept painfully through rocky
New-York tribune., 1918-06-02
The Unconquerable Soul

TIME bravest sight in all this world
is man fighting against odds.
The swimmer with his head up
stream, the climber facing the storm, the
soldier with his back to the wall
The rich young man putting away the
easy cup of pleasure which drugs into
uselessness
Abraham Lincoln, the tired ploughboy,
making the cabin fire light his path to
knowledge. Helen Keller, fighting her
way up out of the lonesome darkness
slowly rising, step by step, on the golden
runged ladder Of imagination out of a
voiceless, nameless, colorless. formless.
thoughtless, hideous world into one of
friendship, purpose and beauty These
are our heroes.
We envy the gifted-the swift runner,
the sweet singer, the burdenless-we call
them the chosen of the gods But our
hearts go out to those who are not started
at the scratch, the ones who have a
handicap, who know it and in whom re-
bellious bitterness is transformed into
resolution. Their triumph makes as all
proud.
New-York tribune., 1918-06-02
Why Do We Fight
Germany?

4 ND SO we came into this war for our
selves. 1t is war to save America
Ito preserve self-respect, to justify our
right to live as we have lived, not as some
one else wishes us to live. In the name
of freedom we challenge with ships and
men, money, and an undaunted spirit
that word "Verboten" which Germany
has written upon the sea and upon the
land. For America is not the name Of so
much territory. 1t is living spirit. born
in travail, grown in the rough school of
bitter experiences; living spirit which
has purpose and pride and conscience
knows why it wishes to live and to what
end; knows how it comes to be respected
of the world, and hopes to retain that
respect by living on with the light of
Lincoln's love of man as its old and new
testament. 1t is more precious that this
America should live than that we Ameri-
cans should live. And this America as we
now see it has been challenged from the
nrst OF this war by the strong arm of a
power that has no sympathy with our
purpose, and will not hesitate to DESTROY
us IT the law that we respect, the rights
that are to US sacred, or the spirit that
we have, stand across her set will to mako
this world bow before her policies, backed
by her organized and scientific military
New-York tribune., 1918-06-02
Max ers of the Flag

THEN came a great shout from Tn
l. Flag:
"The work that we do is the max,
ing of the flag. 81
Il am not the flag; not at all. an
but its shadow
Il am whatever you make me, nothing
more
II am your belief in yourself, your
dream OF what people may become.
Il live changing life, a life Of moods
and passions, of heart breaks and tired
muscles.
Sometimes l am strong with pride.
when men do an honest work, fitting he
rails together truly
'Sasnetimes I droop, for then purpose
has gone from me, and cynically pls
the coward.
Sometimes l am loud, garish and fpll
OF that ego that blasts judgment.
But always / am all that you hope
to be and have the courage to try for.
\ am song and fear, struggle and
panic, and ennobling hope.
i am the days work of the weakest
man, and the largest dream Of the most
daring
Il am the Constitution and the courts,
statutes and the statute makers, soldier
and dreadnaught, drayman and street
sweep, cook, counsellor and clerk.
Il am the battle of yesterday, and the
mistake of to-p,orro,y
Il am the mystery of the men who DO
without knowing why.
Il am the clutch of an idea, and the
reasoned purpose Of resolution.
Il am no more than what you believe
me to be and | am all that you believe
can be-
j am what you make me, netting
more.
Il swing bfore your eyes as bright
gleam of color, symbol of yourself, the
pictured suggestion of that big thing
which makes this nation. My stars and
my stripes are your dream and your la
bors. They are bright with cheer, bril-
liant with courage, firm with faith. be-
cause you have made them so out Of
your hearts. For you are the makerS Of
the flag and il is well that you glory in
the making"
New-York tribune., 1918-06-02

There is, indeed, no easy escape from
prophetical necessities: and one must be a
very steadfast and stanch positivist to
skip ones opportunity to speak about fut-
ure events. Rare are those who consent to
answer, like the charwoman in Punch
who is asked by her lady what the weather
is going to be. ooh, don't know, mum;
I'm not much of weathercock.'
Are we to account for this vulgariza-
tion Of the prophetic faculty by the mere
necessity to be helped over the dim and
uncertain present by sangune anticpa-
tions? But provisions in time of war are
as frequently pessimistc as the reverse
Is this general tendency due only to the
fact that everything, in democratic era,
is considered as accessible to everybody?
Voltaire, writing about prophecies in his
'Dictionnaire Philosophique,' was satisfied
to say: Prophets still exist; we had two
lat the Bicetre in 1923. both calling them
selves Elias. They were whipped, which
put it out of all doubt 1t cannot
be denied that the occupation of prophet
is exceedingly irksome and dangerous For
one who, like Elijah, sets off on his tour
among the planets on a chariot of light
drawn by four white horses, there are
hundred who travel on foot and are ob]ipeu
to beg their subsistence from door to door
Voltaire would perhaps be surprised to see
that prophecy now is, in its way a better
qualification for success than even writing
philosophical dictionaries. And he would
perhaps be compelled to admit that other
forces are at work, too, in the manifesto
ton of such tendency, so contrary to his
own habits Of mind.
MY explanation for it may appear too
simple. 1t is not, as the occultists saw.
that the consciousness of the transcenden-
tai self has for its perceptions a different
and far more rapid rate of vibration than
the normal man of waking lfe,' and that
war may produce certain conditions akin
to trance, where have reason to believe
that this rate of vibration can be almost
indefinitely accelerated.' 1t is rather that
in war time, and especially in zones of
actual danger, the ordinary, rational and
positive associations of ideas arc loosened
and even dissolved, more instructive means
of information supplanting the advisory
faculties, so to say, of normal times
Sociology is replaced by intuition; Her.
bert Spencer gives way to Bergson. In
stinct having to look for defence or action
in the future, tries to project itself into
the field of thought: not the instinct of the
herd, but rather the instinct of the indi-
vidual which, feeling dimly some connec-
tion with the general order of things, with
God, with the stream of lfe,' is more
keenly sensitive to the shadow cast before
by coming events. In the same way as
our French peasants, in the districts in
vaded or menaced by the Germans, had a
more natural recourse to spontaneous
leaders and occasional supporters than to
their deputies and other elected represen-
tatives, human nature, in high emergen-
cies, is naturally inclined to do away with