davidaulloa/AmericanStories huggingface dataset:
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1918-10-31

Wonder L rhs Kaiser Ass 41r
Eore military eenilses v18 w0u- 2
Ike 70 t-y Foeh : gs1s
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1918-10-31

Hss' arc seera - eesa ,s,sgi, ~
'e~Np@e7 TAe cssSro slessss ns.
60 i7e FSi-cac se-~een Berlin 49,
f@nna neaf 5sce~sssr. src ce--..
''-'as ca Sc s0ly a. "a as sen.acso
-1ssr-'7s e lsrioA stsrssen to N.
yca~rsi
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1918-10-31

But WIEN fi.nien5n-e maie ths
Russians rur he ~asn Z ID trea. az
them snf IN danger ct sttsire
trzmplesi. as rs j. u0a wi--
trained YANKEES
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1918-10-31

Or Garfield official assurance
fh2t there VIII t+ Oh -as. samlne
Or eyen Inconvenience IS e3aag -e
70 LAST winter ; conritiQa, erss
, ..,.e ate r0 as.on.sA .rvhrFs
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1918-10-31

Joining IN the movement IL
make Il unanimous. tae JJaFsnese
have lifted up their v7.ss 90 re.i
The haiser 20 heat
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1918-10-31
N MI

Is Herr Lgisaigrti n tsL
victim 70 the prgSSlan system ~
I coarr-l-srtial orissl uere Be-
cause he krew when ts hs3
enough
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1918-10-31

When they ess essk Is RsrH-
the imperial Bulletins san
changed 70 rs4d. We ar rrt
where il cur ola positions
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1918-10-31

"a Esr A-p--s y -sc ast
esd g. -ssv slll a. 50
-F # A N51sa-
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1918-10-31

As=-s - O. @1-Tz= qzss-o-
--Ati Gaez al s.1as Is w@s5asr Flela
liassa1l Non Hlat= s4rv u1u ss1sr
q re t0''fs1e7s O. Ezt@1zc-tf Ths
rsaeaEsA wsst tpsala- zelsrnr a. Il
go clans 70 kusr -kat se ~ =
II AeEf sacrifice 20 sAe ne~ -4~f-e.
S@'arEs Bzr-Earf Frsang n ,asI
S@fl-1 Fosslse1s eZrEng- says theI
tac' thar LE5snsor.g eoaessvea ~
81 o1zLse5szt azd ouns7or4usl
afcgzat his Socz- Y1f-"
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1918-10-31
asMss6 or rr~s ssS-cfaTEo
PRESS

The Assgc-zsss4 Press . s1ti2s-vslY
ErtGs.4 % tAe 1ss .cg ~~pa.a ga. .l-a
~ a. EsEs 11sr.Ktek<s cresslt~.l 50 :
~ 30 osns<Eass c-'a. - .1 tss r41@-
Sz1 s-s9 gAs s1S&4 @s~s s~@s1 Il
hsxetc
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1918-10-31

lee -1-e ars -s
reg-t Gc
M Aat "a Exp
arg E
Died q wounds
Private M Nr
ARK
Died fran Acc.dsz.
Ard oths- Czuses-
Prlya,e Ambrose s Klis Perry.
0sl4
Died @. Disease
se-gean: Malor G-cvsr Same.
McCcu4.Ey M2dll Ok
>ercr4E- trsr X W.r-
N-E-oni8n. 3ra
Prra.- IL o
No
Wourded seye-s,v
>=-es arr, IN 2 Alan. Law.
ton okl4. E- N -
L1-5,. 1l1
F1rar-> fll Rf
B-osiin- Texas cr1gl- n T--l..
lo1n- Rsv- Arir Jc1- + O.et a--.
Monroe Isws Jeh i Ca-se-
Akron. lowe Lewis p lIT-e
Greeley N-b H-r-zah 2 Ra~
Ba1hsu Texas >aun=l Conn
Ever-on Ia H@rg r Ws-Eas
= Loal, Be Jsha Ts
@ R5lrse = Louis lIa Fr-- RI
Pzs-oa. = Ions ~ vlrzle :
shive-x- stldh2n-- oklz Elnr r
>aC-r. Hewes Mills M5 Villa
Z Hellicer. M4rru-ai. Texas
Woundea. Degree Czds.srrirsd
Corpo-zis I-arv + Tar.
BeattIe. kansas Rf T
Th0upss1- Whi-esHara Texas
Blaine Il Allen Linea.u Nsh
John W Sehested;, Nzrlow. Okla
Wssisg M Waodvsrsi EEarri-si
No.
Ruzler. Sainey II Lsuehars-.
Waco. Texas.
Is 4eeus-. VII II Pe--ir. Dzv-
- S~-s~--
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1918-10-31

FEDERAL AID TO SCHOOLS
The : significance % the rste4l
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1918-10-31


eaea .-e-
tr<a.- -. '.. ......
s th. ee.g~.n. A..- .s+ .s...'t. n.
s,l - 49, x, $50. 81. s-'s~--.-.
ge. "a. - r.-s-ra -
Ns-tb.,. -sxa~s .~s ~ 4.'
= t.rtersar. 4. ~. h.ssi@ -. 49, -
+. .ses.,,-..s, - - -. -, .lsa '-Ae
e. c6aeA Il .e~s vN - : ~.
SAX psi ~ =. t.-r - -
xh srrwn n eaer 4~.~-... -.
ss ksYa Nr-tsstf.-x.-s -. -
srtsr i f5r v.t "a ~, us.,,.ssIs 49, -
Nrs : asks ~, s-.f.. 49,. ~.
r.iy IS feregf.h ars r-.,. -.
Isl o.ly Ha~.rass 4 -asa., uN,. 4.
coc Ea- th..
Answer Sr sa.~~,, .A.
ana Aen a.~tr .ase~ 49,. 49,. -
aaeat arre s ~eek 81 - s'-s-.s~s. =
Tai. relieve. ~ a..s ....,... -..s.N...,-s
gAe dan r-tsE ara r.skes - go -.
fsarv rfassx 49, -. ,..
e na Jars ~ tvaeSlsfs
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1918-10-31

Burner J Sewr,sn. EoF-ar- Oki4
Rc.s- : e.a E1an 3L Rufus
Hear Si4ggs, Hl2rch2rd. 0Sl4
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1918-10-31
SxzS wE Ez- zxS X 4
OUR WAR PLATFORM

& zxxx xSxxxgxxxs
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1918-07-06
Looking Blackboard In Stdte
Journal Society Column
TWENTY YEARS AGO TODAY

The Coultis farm seems to be as popular
this summer as it was last. The Topeka
people who spent the Fourth there are Mr..
and Mrs. Edward Wilder. Mr.. and Mrs. ].
H. Hunt and daughter. Mr.. and Mrs. J; E.
Maxwell and son, Mr.. and Mrs. c; b; ray
Ior and son. Mr.. ard Mrs Frank Blaneh
and daughter Mr.. and Mrs. w: b. Whitton,
Mr. and Mrs. Frank ouinton, Nj and Mrs.
strong, Mrs. A. T. Waggoner and son, Mrs
Mary Whitton,- Miss Grace, Green. Miss
Emma Banks, Miss Gertrude Willett, MT.
W. H. whitton, Mr.. Howard Huey and MI.
Leon Thorpe.
One Of the largest picnics on the Fourth
was that which went to the w II DAVIS
farm, six miles northeast of Topeka; they
went In he morning and remained until
evening when they went to Mr. Davis's
home in town where they had fireworks.
The children who belonged to the families
were along, making over fifty In the party
Those present were Mr.. and Mrs w. II.
Davis, Mr.. and Mrs. H. F. Norris; Mr..
and Mrs. W. C. Garvey, Mr.. and Mrs. Byron
Davis, Mr.. and Mrs. Z. w; PoindeSter,
Mr.. and Mrs. J. S. Sproat, Mr.; and MRS
c W. Guild, Mr.. and Mrs. Herbert Hack,
new Mr.. and Mrs. ]. A. Ranney, MI, and
Mrs. w, F. Schoch, Mr.. and Mrs z. A:
Austin, Mr. and Mrs. C.. 4. Wolf, Mr.. and
Mrs B. E. Pitts, Mr.. and Mrs. Dunlap, MI
and Mrs. Eckert, Miss Mamie Hopkins
Miss Gertrude Hopkins, Miss Rebecca Rog-
ers, Miss Effie Morris and Mr. George
Hackney.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1918-07-06
|Ip(5r DRESS!
lA .WNKI 6Z 6rre Rttterhonse
Copyright by the Newspaper Syndicate City,

brews OF old has seemed the task of
making pie crust under the present
food injunctions to the average house.
wife. Indeed, it would be like making
those bricks with neither straw or clay
for the only way most housewives
knew OF making pie crust was with
white wheat flour and lard. and IL she
IL conscientiously doing without any
unnecessary bit OF wheat or animal fat
then pie crust is out of the question.
However. you know bricks are al
ways made without straw nowadays,
and doubtless q substitute could be
found for the clay At any rate, pie
crust is entirely within the range of
things possible even to the most pa
triotic Of cooks. And II is well that 1t
is for pie crust lends itself to many
useful desserts. With fruit in plenty
now the pie dessert is useful, and
when our main course has not been
over hearty a pie is a wise selection
for dessert. Moreover, there are many
ways of combining meat in a pie crust
that "extends" the meat flavor in a
desirable way. Here are some ways of
making patriotic pie crust.
Barley flour has met with very gen.
eral approval by the housewife. and
for some reason or other she would
rather use 1t than the other wheat
| flour substitutes. You can either use
ali-barley flour or one-half barley
and one-half wheat. To make one
crust as suggested in a government
bulletin you will need the following in
gradients:
One cup OF barley flour. 2 2-3 table
spoons OF fat. Is teaspoon of salt, cold
water.
For another you will need: One
half cup barley flour. u teaspoon OF
salt, az tablespoons fat, " cup white
flour. Y teaspoon baking powder. cold
water. This makes two crusts. Corn
oil may be made into an excellent pie
crust if the following proportions are
| used:
! Two cups of flour, teaspoon bak-
ing powder. 1 teaspoon salt. Y cup
corn oil, about Y cup ice water.
| In using any oil in pie crust sec that
| 1t is very cold when used and also be
| sure that the cold water liz well chilled
if not absolutely ice water. Flour. salt
and baking powder should be well
sifted, as this lightens their texture al
flour by cutting in with a silver knife
that should be well chilled.
Do not set about using any of the
| substitute fats with a preconceived
idea that your way is the best. As a
matter of fact. your experience has
probably only been with lard pie crust
and the proportions are different be-
cause of the different nature of that
fat. Go to the recipe you use with ar
open and humble hind and w d.
rections absolutely. Make q small
batch to begin with and w. our
| results. You will soon become an ex.
pert and will probably find that the
new crust tho not exactly the same in
| flavor, color or texture as the old sort
is very nearly as acceptable to your
family.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1918-07-06

is in service overseas in the quarter
masters corps of the regular army
Mr.. and Mrs. A. w. Parks are
spending the summer in San Diego,
Cal.
Mr.. and Mrs. w. T. Wilson left
yesterday for Chain of Lakes. Wis.
to spend the rest of the summer.
Their daughter, Miss Elizabeth Will
son, instructor in Wisconsin univer-
sity. will spend the sumner with them.
Miss Gladys Neil left today for
| short visit in st. Joseph. Mo.
Mr.. and Mrs. H. L. Armstrong are
moving from West Sixth street to
1929 Polk street.
Mrs. Julia Farnsworth soper, who
has been in New York the past winter
work. will return soon to Topeka
| She will visit Mrs. L. H. Mum for a
while before opening her home in To-
peka avenue.
ority will occupy the Merriam home
! in College avenue next year. Mrs.
John Sargent will be their house
mother.
Mr.. and Mrs. Willard Troxsll. of
1920 College avenue. are the parents
of a son born July 4, at Christ hospi-
! tai. Mrs. Troxeli was before her mar
(, riage, Miss Marian Ring of Iowa.
Word has been received of the safe
arrival overseas of Sergt Omer Stor-
Field artillery.
Miss Gertrude Kelley was hostess to
the members of her club, Thursday
evening at her home. 1915 Jackson
street,
Mrs. T. ]. Kellam. who spent the
winter with her son. Mr.. Kurtz KEEL
lam and Mrs. Kellan,, is now visiting
her daughter. Mrs. Frank Smithies in
Chicago.
Captain Phillips. of Camp Funston
vryfh ta ha Af
Mr.. and Mrs. Charles Otis have
taken apartments at the Nelson home
in Harrison street.
| Mr.. and Mrs. Roland Sibert. of Cen
terville, Ia, have given the name of
Helen Isabel. to their young daugh-
ter. Mrs. Sibert was formerly Miss
Gladys Cav and is the daughter. of
Judge and Mrs. r. H. Cav. of 1891
Fillmore street.
Dean Horace whitehouse has re-
turned from a business trip to Ohio
and Illinois.
Miss Lillian Smith has returned from
Dallas. Tex. and will spend the sum-
mer with hes mother. Mrs. Antoinette
Smith, in West Tenth street.
Mrs. Glen z. Haughey of Wakeeney
was the guest yesterday OF Doctor
Haughey's parents, Mr.. and Mrs. ].
w. Haughey. Mrs. Leo Haughey and
her sons will come from Lawrence to-
| udy " JUN NIT NTltIl k1duSlSy dnQ
return home with her for a short
; visit
Mrs. w. L. Gardner has returned
t from visit to relatives in Lawrence
Mr.. and Mrs. ]. P. Haworth and
, sons, Howard and Prentice. spent the
Fourth with Mr.. and Mrs. E. NJ Lundy
of Ottawa.
Mr.. John A. Crow of Halls Station
, cry company left yesterday for Camp
! Funston.
Mr.. S. c. Kersey has returned from
|, st. Cloud. Mimi, where he attended a
meeting of the stockholders OF the
. Pam Motor Car company.
!, Mr.. and Mrs. 1. s. Galitzky have re-
' turned from a motor trip to the west
: ern part of the state, where they visit
, ed Mrs. Galitzky's parents, DR.. and
!. Mrs. c. R. Young.
Mr.. Philip Norman and Mr.. Tracer
Duncan of Eureka are spending the
weekend with Chesley Mccormick
Mr. Fred Huntoon has returned
from Excelsior Springs, Mo-, where he
has been for a couple of weeks
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1918-07-06

Mr.. w. w. Whitney of Greenwood
avenue, Potwin Place, announces the
marriage of his daughter, MaSjorie,
to Mr.. Glenn w. Pratt, which was SOL
emnized this morning at 1880 o'clock,
at the Whitney home, by the Rev. Mr..
Hawkins, canon of Grace cathedral.
The double ring service was used.
The wedding was a quiet one, with
only a few guests in attendance, in
Guiding relatives of the bride and some
Topeka people who formerly lived in
Burlingame, Mr.. Pratt's early home.
The bride was attended by her niece,
Madeline Stewart, the young daughter
of Mr.. and Mrs. Fred Stewart, who
held the bridal bouquet during the ex-
change of rings, and by little Patricia
Stewart and Whitney Stewart, the
younger children of Mr.. and Mrs. Fred
Stewart, who stood on either side OF
the bridal couple, with baskets of
flowers. The service took place in
front of the wide fireplace OF the liv-
ing room, which was banked with
ferns and garden flowers.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1918-07-06

Ornamental beret of pale yellow tulle
trimmed with wreath OF yellow
daisies which have black velvet
centers. The beret is revived in
honor of the reepening Of the two
Paris salons this season.
It is a sad tale that hangs to this
revival of a part of Partisan life. Hun
dreds of those boys who hoped and
dreamed for nigh place in the world,
are dead. Others are crippled and
blind. New faces have taken the
places OF old ones. The jargon Is the
same. the hopes are the same, but the
spirit of carelessuess is gone.
Americans contributed to thc salons,
and some OF them were a part of the
old life in the Quarter: and they and
their work are looked upon by Paris
in a new and more gripping way.
However, Paris is used to sadness
| and France has been used TO blood for
centuries. 1t Is probably because Of
| this condition that she has always
| been able to make the best Of calam-
ity. As a woman said the other day
| who observed a French poupee--the
painted dolls head in large size which
is used by miliiners to show hats in
France! Gone from the shoulders
! down, she still holds UP her head"
The Very Ornamental Beret.
The life of the artist is so much the
life of Paris, and the Quarter is SO
closely allied to the designers that the
latter were as happy and enchanted as
children to see the artists back In their
| old haunts. together with the beret
I that has governed French artistic life
| for centuries
| Therefore, they worked upon It at
once for new bit of head covering
They have given 1t out in its original
| shape, sloppy, careless. hanging down
1 - ,s, L.
more sedate shape and Orna mented
1t with gaudily colored ribbon, and
| now some milHner has taken tulle,
| daisies and bits of black velvet and
| given the American woman a beret
that she wears to a restaurant for
| dinner.
| The Revival of Field Flowers.
| 1t has been a part of the missionary
work of milliners to give the flower
| makers something to do. for hundreds
OF women are trained in this art and
could make a living wage out of 1t, II
fashion only turned in that direction.
And this is what fashion has done
| kindly and generously, with a courte-
Gus thought for others which has gov
erned fashion in France for the last
three years and is beginning to govern
1t in this country.
Field flowers are chosen as a relief
from the too exotic Russian jeweled
ornaments that have prevailed. Daisies
go with simplicity, and so daisies have
become the fashion.
The beret which is shown in this
| sketch and which was worn at dinner
in one of those swinging gardens OF
Babylon which New York erects far
above her streets. is of pale yellow
tulle trimmed with q massed wreath
Of daisies in the natural pale yellow
shade with big. black velvet centers.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1918-07-06
THE HOUSEHOLD
Edited by ANNE RITTESHOUsE

Wartime Pie Crust.
More difficult than the task of max
ing bricks without straw to the He
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1918-07-06
Card OF Thanks.

We wish to thank the many friends
for sympathy and floral offerings dur
ing the illness and death of Edward
Birmingham.
MRS BESSIE BIRMINGHAM
AND FAMILY. ADV.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1918-07-06

New York.-One Of the thousand
brave things that Paris has done,
therefore setting an example of sheer
and unflinching moral courage to the
rest of the world, was to reopen two
of its salons.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1918-07-06

The Re-Opening OF the Paris Salons
Gave French Milliners the Chance to
Make a Luxurious Beret in Honor
of the Return of Artists to Their
Old Haunts.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-30
Rates Must Cover
Insurance Element

The second element in the market
rate of interest is the factor Of insur-
ance against risk of loss. Securities
that pay high rates Of interest proverb-
tally involve large risks. The high
rates are necessary to tempt the pub
lie to purchase securities whose pur-
chase in the judgment Of the market
involves a substantial risk of loss.
The outcome Of the war was uncer-
tain almost to the last, and the imposi-
zion Of heavy ndemnities upon the
defeated nations was ever in prospect.
Governmental breakdown with result
ing anarchy in some, at least, of the
belligcrent countries was an ever-pres-
present possibility. AS public debts
grew, the danger of ultimate repudia-
ton was mere frequently thought Of
while paper money of rapidly increas-
lng quantity deprecated materially in
terms of gold in most of the belliser-
mt countries. The percentage Of gold
reserve to circulating credit declined
apldly in all bcllgcrenC countries.
While in ell these rcspccss condi-
lions were much better in the United
States than n Europe. we could not
escape being greatly influenced by these
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-30
Saws l.. s. Got Low Interest
Rate at Cost of High Prices
War Finance Policy Of Getting Money at Small
Rental Will Probably Prove Expensive Before
Obligations Are Paid Off, Asserts Economist

European conditions,- even before We
entered the war A breakdown of the
Credit Of either England or France or
the military defeat of the Allies would
have had serious consequences as re-
CARDS credit conditions in the United
States. After we entered the war, we
began piling up our own public debt
at unheard- Of rates. All this meant
that, as the war progressed, the lnsur-
ancc clement in interest rates, both
in government debt and in corporate
and private debt, would have been ex-
pccted to be an element of increasing
weight.
The third element in the interest
rate, namely, charge to cover admin
istrativc expense, is minor one and
may be passed over in a few words.
Every grade of money lender from the
pawnbroker to the large banker has
his overhead and his current running
expenses to meet The interest rate
paid by the borrower must exceed pure
interest and insurance by enough rca
sonably to cover these expenses, or the
business Will not be carried on
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-30
I Textile Trades
Unite to Hell p
Clothe Europe
Cotton and WOoIlen Inter-
ests Form Alliance to Rep
resent Them in Foreign
Markets

The textile industries, following the
lead of The steel, copper and other in
tercsts, have formed an instrument to
represent them as q unit in the eX
port trade it was announced yester
day. The Textile Alliance Export Cor
poration has been formed under the
auspices Of the Association Of Cotton
Textile Merchants, the American Asso-
citation of Woollen and Worsted Man
ufacturcrs, the National Council Of
Cotton Manufacturers and the National
Association of Wool Manufacturers
for the purpose of shipping cotton and
woollen merchandise to foreign lands.
The new organization, which was
created under the terms of the Webb
Pomerenc act, has been incorporated
under the laws of the State Of New
York with a capital OF 500 600, OF 7
per cent cumulative preferred stock
without voting power, and one hundre d
shares of common stock without par
value. The common stock is owned in
equal parts by the four trade asso-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-30
Steel Stocks
Copper Stocks
stock prices are we

Industrial stock prices are we'll
above their pre-war levels; railroad
stocks are we'll below. The ques-
ton uppermost in the mind of the
average investor or Spectator is to
what extent have prices of stocks
discounted the future. That, of
course, is question that no man
can answer, although it is fair
assumption that considerable part
of the inevitable readjustment to
the new order of things has already
taken place in the stock market. 1t
will be recalled THAT the security
markets of early in the war dis
counted by many months the pros
perIty that was to sweep the United
States later on when the billions of
dollars IN war contracts were placed
here
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-30
NATIONAL PROBLEMS OF CANADA DISCUSSED AT THE
ANNUAL MEETING OF The BANK OF MONTREAL

Canada was more in need of en-.
economic thinking and ssne s e~
cial policy than at present. "''s''
With the acquisition Of N.
of British North America ~ osa'
sources Of the bank now + - =.
S558, 413 ,o46, Of which S34.5sa 800
longcd to the shareholders and ss9, =
945,262 was entrusted to the carr ~ :,
the bank by the public. l. vas ~ u
Of note that the banks total aeSets ~
now as great as were the comH.s.,
total assets Of ali the Canadian cs..
tered banks seventeen years ago ''''
Stood Strain Well
"The ease Win which financial r..
ada has met the stress Of war COW
tons has been favorablv comms 80.
upon abroad. At home one hear :.
expression Of surprise at the st,i'.
financial conditions IN the Dominion
"The real basis Of that STABILITY !. d.
banking system that has proved mo,.
efficient in peace times and. with =.
facilities accorded by the Ninjste, ~
Finance. has withstood the severe ~.
Of war times. The system as it stan,,
is without doubt adequate to meet Nv
possible demands arising during 4.
reconstruction period and for man,
years thereafter
Conditions in u 5. VIII Help Canas,
after passing through the inev;tahl.
period OF economic confusion which d.
countries must endure, that country o.
boundless wealth and virility n,
United States, the only great power h,
the way, to emerge from the war bette,
oil financially, may probably enter upor
an era of unprecedented expansion
and development. Canada must share
in such prosperity independently OF The
part we hope TO take in SUPPLYING
Europe's reconstruction and regular de-,
mands. Meanwhile, there never was ,
time when our country was more y
need Of sound economic thinking an,
sane financial policy.
Our New York and London Office,
have been invaluable channels for in.
tcrnational transactions during thu
war.
On London the important banking
events of the year have been seris.
of bank amalgamations regarded hy
those competent to judge as wise prep.
aration for foreign trade competitics
after the var
The Dominion has been penalis;:
during the past year by heavy pr.
MUM on New York funds. This nev
condition is matter Of widespres:
interest
"In theory there are four ways j,
which this onercus penalty can be re.
moved: by increased exports; by It.
duced imports; by paying in gold; c,
by borrowing in outside markets. NOns
of these remedies is at hand. but witt
the return OF peace Canada should It
least be able to feat public loans ia
i New YORK. Then also we can hope 70.
better things so far as imports and e.
ports are concerned. Also there is or
balance large amount owing our gov
eminent by the imperial government
and 5000 100000 is owing the banks O
/ Canada by the imperial government.
representing wheat and munitions pur
chases. In due course these combne'
amounts viii aid the exchange situa
ION. The premium in question
should, therefore, diminish sooney Q
later TO d point that VIII be immi
terial"