davidaulloa/AmericanStories huggingface dataset:
Evening star., 1918-03-31


This collapse in prices has wiped out
In this brief period values. in the aggre-
gate. nearly as great as the entire capi-
tai and surplus of all the national banks
OF the United States. Such destruc-
tion or elimination of values, existing or
supposed to exist. is well calculated to
produce profound and far-reaching ef-
feet. This vast loss or shrinkage also
represented a sum greater than the total
net operating income of all the railroads
of the United States for any two years
combined prior to 1915.
Besides the direct losses inflicted upon
Individual investors and holders of rail-
way bonds and shares, there must be
taken into account the indirect losses
suffered by the man and woman stock
holders in corporations of many kinds
which hold railway securities among their
Investments, such as the insurance COM
panieS (both mutual and Joint Stock), saw
fngs banks, trust companies, national and
state banks
TT is noteworthy that while railroad
shares are now In many instances at the
lowest prices at which they have ever
sold, the shares of many industrial coz
porations still selling at prices above
the highest quotations which prevailed for
them at any time prior to the outbreak of
the European war.
W., B. & A. Very Prosperous.
At the annual meeting of the share
holders Of the Washington, Baltimore
and Annapolis Electric Railway Com
pany George T. Bishop president, made
the following statement:
Contrary to conditions existing gem
orally In interurban railroads through
out the country. your property has
shown the best year in It's history. The
patronage between the terminal cities,
as well as between local points, has
shown decided increase. During the
year 1917 Ss5.o00 more passengers were
carried between Baltimore and Wash
ington than during the preceding year.
Evening star., 1918-03-31

with increased wages. Is especially
prosperous
The great industrial plants also are
showing that the highly profitable year,
1917. while 1t may not be equaled In
1918, bids fair to be closely approach
ed.
with the ground in such fallow con-
dition. the comprehensive selling or
ganization which has been perfected
and strengthened in all directions
should be able to do remarkable work.
second liberty loan. A very large ma
1ority Of these bought government
bonds-or. In fact, any good kind Of
bonds-for the first time. They have
acquired taste for saving and invest
ment through this very act. and may
be expected to come easily into the
next subscription. The selling cam
paign will extend also into new fields.
and it has been estimated that the
number Of subscribers may be Increased
to 100000.
THE result Of giving attention to the
market in the 31as and As has resulted
in a gratifying advance in the price of
these earlier issues, which are converti-
and advance in price are expected to be
continued"
Local Securities.
Conditions in the local security
| market have improved. of this there
can be no doubt. but the bettermant
has been more theoretical than real,
save in the case Of the stock Of the
Capital Traction Company, which
scored a good advance, fully recover
ing its dividend.
1t is likely that the year will witness
a change for the better in the utility
securities. although the problems may
be rather difficult to work out.
Prices have not shown much change.
but the fact has once more been dem
onstrated that holders of securities
| would better sit tight and await i'm
provement rather than sacrifice, as
| they must do If sales are forced on an
uncertain market.
Evening star., 1918-03-31
LIVE STOCK MARKET.

NEW YORK, March 30.-Beeves-Re-
ceipts, 7s5 head; steady; bulls, S50a
HOO; cows. 4.00a9.50.
Calves-Receipts, S55 head: steady:
veals, 16.00a21. 90; culls, 12.00a16.00; lit
tie calves, 1880.
Sheep and lambs-Receipts. 1,400
head; steady; ordinary unshorn lambs,
1850; clipped lambs, 1900.
Hogs-Receipts. 1850 head; no trad
ing.
CHICAGO. March s0.-Hogs Re-
ceipts, $4,000 head; strong; bulk, 1865
a17.25. light, 16.soa17.5o; mixed. 1s.4oa
17.45: heavy, 15.60a17.00; roughs, 1850
ALSO; pigs. 12.50a16.50.
Cattle-Receipts. 1000 head; steady:
native steers, 96oa1465: stockers and
feeders, S.40a11.60; cows and heifers,
6.30a12.00; calves. 10.50a16.00.
Sheep Receipts. 1000 head: steady;
sheep 11.75a17.00; lambs. 15.25a19.50.
Evening star., 1918-03-31

States Steel report and those Of the
Republic and Lackawanna Companies
The consequence is additional absorp-
ton for small lot accounts Is taking
place and good deal Of stock seems to
be taken from the market.
Notwithstanding the gossip that
neither American Can nor Corn Prod
ucts common stocks will get dividends
until litigation is disposed of, there Is
confident absorption on all declines in
these stocks. There has been no dis
tribution of consequence, according to
specialist channels.
Evening star., 1918-03-31
New York Bank Statement.

NEW YORK, March 30.-The actual
condition Of clearing house banks and
trust companies for the week shows that
they hold $61.399. 120 reserve in excess
of legal requirements This is an in
crease Of $6,433,290 from last week.
The statement follows:
Actual condition:
Loans, discounts, etc. $4,8Sb, 461, 900;
decrease, $11.760,0O0.
Cash in own vaults members federal
reserve banks (a), $102,0S2.00 decrease,
$4,000.
Reserve in federal reserve bank of
member banks, $5s5,1o4.o0o; increase.
$40, ,5S5, 900.
Reserve in own vaults state banks and
trust companies ,(b). s17.57s.ooo; In
crease, $370.000.
Reserve in depositaries. state banks
and trust companies, $7.s2o,ooo; increase.
$598,000.
met demand deposits, $3,752,s55, 900;
increase, s4o.236,ooo.
Net time deposits. 1as s1ss.sS6.ooo; de-
Circulation. s35,s7s,o 900; increase. $4os.-
Specie included in ta) and (b). s7s.-
492, 1000.
'United States deposits deducted.
1921, ,415,000.
Aggregate reserve, $3.50, 100000.
Excess reserve. $61. 1893, 12n; increase.
Summary of state banks and ID list
companies in. Greater New York not In
cluded in clearing house statement:
Loans. discounts. etc, $752,410,3o0; in
Specie, s14,s4a, 700; decreas,. fs25,1oo.
Legal tenders, ss7.s44.ooo; increase, ST.
Total Total deposits, .7ss.o5o. .7oo: increase.
Banks, cash in vault, $12.ssl.4oo.
Trust companies. cash in vault. $685.
o03,300.
Evening star., 1918-03-31
NEW YORK PRODUCE MARKET.

NEW YORK, March 3o.-Corn-Spot,
steady; kiln dried. No. 3 yellow, 1914
No. 4yellow, 1.S3h No. 8 white. 2.20 Y
cost and freight. New York prompt
shipment; Argentine. ESQ fob. cars.
Oats - Spot easy; natural, 1.06ha
1.07h.
Hay-Steady; No. 1. 1.55; No. 2, 1soa
Lao.
Lard-Easy; middle west, 26.30a26.40.
Evaporated apples-Nominal Prunes
Steady. Apricots-Firm. Peaches
Firm. enthusiastically.
Other articles unchanged
Evening star., 1918-03-31
seditious Pastor Begins Sentence.

BURLINGTON, VT, March s0.-C1ar-
ence H waldron, formerly pastor Of a
Baptist church at Windsor. convicted
last week of sedition, was taken to
Atlanta today to begin a flfteen-year
term In the federal prison. His wife
and little daughter went with him and
will make Atlanta their home. The
specific charge on which Waldron was
convicted was attempting to obstruct
the draft by urging young men not to
register, even to the point Of being
ahot
Evening star., 1918-03-31
DRY GOODS MARKET,

NEW YORK, March 30-Cotton goods
here today were firm. Yarns were firm
with an advancing tendency. Burlaps
were firm and knit goods quiet and firm.
The seizure by the government of the Ger
man-owned Passaic woolen mills is be-
ing considered by the trade for its ul-
innate effect on the volume Of high cost
wool dress goodA
Evening star., 1918-03-31
ny I. A. FLEMING.

II u probable that the government
has lost much more money that it might
othsrwise have received in income taxes
but for the wording of its income tax
forms. which may have given excuse
to many for avoiding scheduling.
The intent of the laws governing the
income tax certainly is that every sin
gle person with an income of $1,000
year should file a schedule. and every
married person with $4,000 income
should do the same, showing the source
Of the income and its nature. and sched-
uling certain permitted deductions
after which the provided exemptions
were deductible and the tax figured on
the excess over $1,000 for the single ana
the excess over $4,000 on the married
individual. &
But the forms 1910 and 104o-A dis
tinctly state in the very first para
graph. coupled with the deceiving cap
tion, How to Decide Whether You
Must Make a Return, as follows:
IF you are a citizen or resident OF
the United States and your net income
for 1917, to be shown on line IL. page
4. equaled or exceeded $4,000, If you are
: married. and live with your wife Cor
husband). or $1,000 If you are not mar
ried or do not live with your wife or
husband, you must make return,
either on this form or on form 1040."
ductions. until, just before the calcula-
tion of the tax, we return to line thir-
teen, page four. Total net income"
1t would be nothing more than nat
calculations and. having demonstrated
to his satisfaction that his net income
did not equal or exceed $4,000"
therefore. although his gross income
~ he
pected to make returns.
This conclusion would be wrong and
at variance with the law. but entirely
in conformity with the opening SEN
Whether any one following the letter
of the forms would be subject to pros
ecution with any chance of conviction
Is an open question. But the forms
gross" to conform with the law be-
fore another year rolls around.
Loan Will Succeed.
There is no question whatever as to
the success of the third liberty loan.
The bankers of the country will put it
through in just as short a campaign
as Secretary McAdoo elects. The va
rious organizations. state and local. are
prfmed and ready to get back of it
with the dawn of April 6.
The amount is so small and the sink
, ing fund provision SO acceptable to all
flnanciers. with the rate ample and not
sufficient to disturb the serenity of the
savings banks. that all interests will
aid. The sinking fund provisions ex-
tend to the converted and second issue
of As.
Williams on Railroads.
John Skelton Williams, controller of
the currency and financial director of
the railroads of the country, has pre-
pared and published table showing
the losses on the common stocks of
eleven prominent railroads The COM
panies named own $4,000 miles of roads,
or more than 80 per cent of the total
mileage of the entire country.
The table follows:
Evening star., 1918-03-31
q. s. GOLD RESERVE GROWS.
Condition Indicated by Federal BE.
serve Board Statement.

Increase of s13,o00.ooo in gold re-
serves, s4O,0oO,000 in bills discounted.
ssS, 900, 900 in earning assets and $42,-
600, 900 in total resources is indicated
by the Federal Reserve Board statement
last night.
Evening star., 1918-03-31
CHICAGO GRAIN MARKET.

CHICAGO. March sO.-Holders of
grain did considerable unloading today
as result Of uncertainties of the mill
tary outlook and on account Of bearish
crop conditions in the southwest. Corn
Evening star., 1918-03-31

ions that the war situation was more
satisfactory. Pressure from longs,
however, soon set in, especially after
news became public that the BT1ttsh
Evening star., 1918-03-31

to 1xalsh. and provisions down 20
Corn at nrst showed strength, in
nusncsd by generally prevailing oDanr
Evening star., 1918-03-31
| Will Sell

$1,000 Potomac C0nald. SO at 04A.
$4,000 Wash. Gas 59b at 100. A
$4,000 Wash. Rvy. & EIec. 40 at 60. =
80 Capital Traction at IS. N
25 Wash. Rwy. q Elec. com. at 53H, 4
20 Wash. Rwy. & Elec. pfd. at 90. -
100 Wash. Va. Rwy. pfd.
800 Warrington Utilities.
rs Warrington Gas at 66N. e
20 Mergenthaler at 116 ex.
70 LanstOn at 6S. i
70 Franklin Nat. Bank.
IL Munsey Trust at 90.
100 Continental Trust at 118h.
Riggs Nat. Bank at 475.
10 Amer. Sec. 4 Trust at PAS.
100 Bank OF Commerce & Saw. at 1874.
ts4O0 Miller Train Control.
100 American Paper Can ibid wanted),
100 Buell. Signal & Train mt 8.
500 PlOche Mines Co. at 74c.
Washington Paper Can Co.
500 Florida Soft PhOs. d Lime.
Commercial Bank Rts. w. L.
Evening star., 1918-03-31
U. S. Financing-17e1 to 1918.

The National City Company is dis
tributing a booklet entitled, UNITED
States Government Financing from 1871
to 1918,' which will prove of interest to
all classes of investors. The publica-
tion describes the securities issued in
financing each Of the wars in which the
United States has been engaged, and
also analyses the two liberty loans, In
which about five and one-half billion
dollars have been subscribed to pay the
cost Of our present defense Of liberty.
Copies of this booklet may be obtained
upon application to the National City
Company.
j. S. Bache on the Loan.
1.-THE loan will come upon a market
both sentimentally and physically ad-
vantageous to the placing of a govern
ment war Offering" says J. s. Bache.
The stirring military events will
stimulate immensely the patriotic SEN
timent of the country, and the determi-
nation to help Is becoming widespread
and enthusiastic.
Besides this, we have passed sue
cessfully through some Industrial
crises, such as the fall in price in De-
cember, accompanied by great pessim-
ism the country over. and like the dis
turbing debacle in general manufactur-
ing due to the fuel embargo and rail-
road paralysis Of the middle winter
With the coming Of spring these ef-
fects have all passed and there has
taken their places a reviving industrial
enthusiasm. notably in labor. which.
Evening star., 1918-03-31
OIL INVESTORS

Investigate before buying stock. The Oil Man,
illustrated bi-monthly paper. contains much
tions. Don't buy sell any oil stock until you
write for Econndential report. correct price and
sample copy of The OIL Man. All mailed free
write today Address The Oil Man. GiIletts
bldg, Tulsa, Okla. ~
Evening star., 1918-03-31
.pINANcE-LoCAL AND OTHERWISE.
This was an average increase of 1.o5o

J This was an average increase OF 1.050
passengers per day"
Reference Is made to the construc-
ton of Camp Meade, land for which
was leased from the owners by the W.,
B. & A.. through its subsidiary, the
Terminal Real Estate Company, which
latter company subleased 1t to the
United States government. Mention is
also made to the belief that Camp
Meade will be one of a number Of per-
manent national military training
camps after the war. To take care of
Camp Meade travel five miles Of addi-
tional track were laid, 1.-two large and
commodfous stations built. the equipment
added to by the purchase of eight mod
ern high-speed electric locomotives and
ffty-four modernly equipped trailer
cars. Carhouse facilities were enlarged
to handle increased rolling stock. In
crease in freight and passenger bust
ness has been on a parity, and now each
terminal is congested. The desirability
of combining these terminals Is being
considered, for. regardless of business
due to war, increased facilities are i'm
perative.
Comparative showings of earnings.
expenses, ETC., for 1917 and 1916 follow:
Railway operating revenue. 81. sec, ,125 so4e 2o2
Railway operating expenses. 73S.596 Oil, ,e1o
Net revenue railway op.... 1921, ,52s S4S4 5s5
Net revenue auxiliary op.... 1854 10 $50
Net operating revenue. Ss47. .103 $447, ,28s
Taxes assignable to rwy. op. 129,051 5O934
Operating income............ s71s.oo1 $see, ,as1
Incorporating income. 1882 13, $40
Gross income ............. $3.50. .s44 $4oe, ,s72
Deductions from gross income 28S, ,293 282.577
tNet income ...-.......... $462. ESQ $147, ,094
Percentage railway operating
expenses to railway opera
eon revenue --.-.-.:: 1870 b4.W
This item covers all taxes, including income
and excess profit.
fNet profit for the year, after deducting in
ceme and excess profits taxes.
Evening star., 1918-03-31
WEEKS RANGE OF PRICES ON new YORK STOCK MARKET
The Close Of Business March 80 al the Office Of The Evening STAR


Railway yudh Hara
the emQBmdM -
Evening star., 1918-03-31
| Will Buy

so Capital Traction at So. -
70 Wash. Rwy. & Elec. com. at 40. &
Is Wash. Rwy. & Elec. pfd. at 67h. Y
rs Washington Gas at 58N. =
8 u. S. Savings Bank (ofYer). 4;
10 Grn2hophone com. /
10 Nor. & Wash. Steamboat. :
10 Chapfn-Sacks Co. (offer yvanted)
Exclusive of commissions. Subject
to previous acceptance or cancellation.
Bonds plus accrued interest All exc
cutions for cash. Deliveries for cash
mt your own bank.
THOMAS L. HUME, Broker,
1912 G Street. Tel. M. 1916
Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1918-12-28
NO DISGRACE TO FEEL FEAR
One Result Of War Has Been saner
Idea OF What Constitutes
Real Bravery.

An English observer calls attention
to the fact that our world war has
destroyed the fear of being afraid.
heretofore, even to most distant nm
,iquity the one quality insisted on in
HE soldier was that he should he
fearless and the more CullnuSly So the
h,ttCr. The iaintcst trCmur ur timd.
ily was black mark against the most
respondent knight as well us the low
Hest bowman or halburlicr. and the
schooling for war was I'm utter def.
luc" of the personal risk.
This theory held. rs many will re-
member, even till the period ut the
BOcr war, when the British suffered
81 severely In officers because IL was
held cuwardly for Il commander tn
'"vk cover. Men. then us now, fclt
fear for that Is one of llcSh's attri.
hutcs and, indeed. is one of the most
valuable of human possessions, since
fear Is our protection from dangers
and harms innumerahlc. We fear wild
beasts to avoid them. snakes and
spiders tn increase our attention.
storms and tempcsts that we may pre-.
pare means of escape from them.
So It was only I'm battle that chiv-
TRY insisted that man should he with.
out fear, or pretend to be.
With the coming of new warfare.
however, all lands Mt once Cnmr to n
more sane understanding aud the old
physical bravery has given place 10
moral resolution. The man who now
enters the hell of shell fire. of hurled
flames and deadly gases, no longer
attempts to fool himself into the he.
lief that he Is not afraid. He knows
full well and only u stupid nature
could avoid the knowledge that the
human Is at the mercy of forces
million times beyond his own ability
to counter. The old knight might
really believe he was able To unhorsc
All the enemies that rode against him
and therefore might conccivnbly he
without fear, but how can II soldier
feel that way when facing modern
weapons of destruction?
Therefore. II H. no longer u dis
grace 10 feel fear or to admit II; the
only disgrace Is Ia allow fear to pre-.
vent one doing his duty. How much
liner fiber Is needed for this new de-
1nucc!
Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1918-12-28
Need for More Coneuls,

The chairman of the shipping board
has called the attention Of congress
and the people Ia the need Of enlnrg-
ing our consular service abroad, In
view of the fnct that our great mcr-
chant marine will be- released for use
IN foreign trade.
Mr.. Hurley tells us, observes the In
dependent (Ncw York;, that the Uni.
ted States will have 25OOO,0O0 tons of
merchant shipping by the end Of 1870,
and that rs fast rs these ships can be
freed from military work they will on.
;cr commerce. The present cOnsulates
would he entirely inadequate to handle
this enlarged business. There are not
enough of them. their stats are too
small and they nre handicapped by In
experience with duties that will he de.
maIMed and by antlquated regulations.
Even now the hurdoa of work, cspc-
cially In the way of inquiries to he nm
swcred. Is everlasting the undermined
and undergrad force. alr. Hurley
therefore pleads that immediate steps
he taken to remedy the situation.
1--WE need nor" cunSuls and larger
consular stuifs," he tells uS. III we do
not provide them today and prepare
for the great growth In our merchant
marine and trade after the war, fear
hat we shall suffer serious break
down."
Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1918-12-28
You've Heard 'Em.

Look here" SuId the city editor to
he cub reporter, You should write
everything rs briefly aS possible. In.
stead of saying the mlddlc,agcd bald
hcndcd performer IN the hired aggrc-
;ntiOn Of followers of Orphcus who
Nightly provide the harmony NJ one OF
lur leading temples of mirh, scizrb
Ms trombone firmly in his hands
)lnrcd his fcvcrish lips 10 the mouth.
iece and sounded thereon I'M uncarth-
y tone like III" wnilng of u lost soul
m the main street of lnfernO'-DOw
shorten that up"
80 the reporter merely wrote: "rhe
Hip horn player in the orchestra blew
/ hclvn note"
Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1918-12-28
BUY FIFTH LIBERTY BONDS
AND BE SAFE,

About the saddest thing in the
world Is to undergo self.denial for
years, to save money and then to see
the rainy day fund" wiped out by
the failure of some wild cat' scheme.
This happens every day. widows
and Woodworking men are credulous.
They listen to the oily promises Of
get rich quick" promoters and hand
over their savings to slick statesmen
with blue sky" securities promising
impossible profits.
And when the bolt falls out of the
clear sky the pitiful savings of years
disappear in an instant. 1.-THE
Bonanza PATROL Co. has gone up. We
are ruined!" Then there is nothing
to do but begin life all overland at
q time when earning capacity has be.
gun to ebb and the way is thornier
than ever before.
Whatever tho temptation may have
been in the past to do this thing,
there is no excuse for It now. Hun.
dreds Of thousands OF experienced
publicity and investment men have
been at work for nearly two years,
under the authority OF the American
Government, educating millions Of
people In the fine art OF safe invest.
ing. It is undoubtedly the fact that
more people are saving money today
than ever before in all the history Of
the world. And more Of the people
are interested in the proper handling
OF their savings accumulations. Lit.
orally millions have been taught to
buy Government bonds, and they have
learned to buy Thrift and War Saw.
ings Stamps as the best possible way
to prevent the waste of fugitive
quarters and dimes.
The Government will offer another
chance to get In on the ground
floor during the spring when the
Fifth Liberty Loan is offered. The
money will be spent to pay the cost
Of maintaining and restoring to their
homes the valiant soldiers who have
won for America the worlds great.
est victory, The bills must be paid
and the American people must pay
them.
From the thrift and savings" view.
point the Fifth Liberty Loan will be
as good as, or even better than. the
previous Liberty Loans. 1t is likely
to have shorter maturity and that
will enable the holder to obtain a
generous income while he holds them
and get his principal back, with a
handsome appreciation during the
coming period Of intense activity and
prosperity.
II anything "goes up In value" Lib.
erty bonds surely will. The way to
get the benefit of such advances In
value is to buy the coming Fifth Lib
erty bonds.
To buy them when they are offered
everybody should begin saving up
now.
Set aside all the money you can
spare out of your wages and have it
in your savings bank for the initial
payment on Fifth Liberty Bonds.
Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1918-12-28
a Cattle Queen.

\ cattlc-shippln@ season to the East.
'rn stoCkyUrdS Is in full blast, and
Mary Vail, Los Angeles hciress, said
o he the richest maiden in California.
- in these large sales and shipments,
igur!ng as II notable cattle queen. Miss
Vail Is the duuehtrr of the late Wal
Ger VAIL VIII" had over 2OD,0O0 head Of
steers and sheep on his famous
'WnChcs. lndrr the direction of Miss
NaIl AMI her mother the cattle do
main left 10y III" father and husband
greatly Increased in value. The meat
huronS are paying them 81 ,00O,0OO for
steers and sheep lhls rall,-San Fran
'iSCu Bulletin.
Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1918-12-28

the folks henot only their but the boys who
no folks
Those job waiting for them must be given work The
the q
a
neati with fxin's
But 1t the kind Of spirit might
lmosta anything
Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1918-12-28


English family had beef And England
better fed than Europe
complaining
This country has had
Notwithstanding
rair methods transportation.
The United States
n
probably better the
discovered American fcass fighting