davidaulloa/AmericanStories huggingface dataset:
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-06-15
SAVING THE wAsTAGE OF HORSES IN w

One of the serious problems of this war is the supply of
horses and mules. Motor" vehicles have not taken their places
The horse has not lost his Importance in war. The armies in
the field have already employed 100000 horses and the new
American army must have at least 100000 more. One of
the grim facts of war is that the life of a horse is of more
value than that of a private as a military factor.
Wastage of horses in military campaigns is tremendous
but experience in this war has proved that eighty per cent of it
is ~avoidalle. A wounded horse can be restored to usefulness
as easily as an injured man.. Our British and French allies
are saving that proportion by treating them in hospitals.
The modern rifle bullet will go through a horses bones with
out shaticring them. Wounds which appear to incapac;tate
The animal according to the old standards are often slight
Wounded horses are easily handled. They seem to possess
almost human intelligence in understanding that veterinary
surgeons try to help them and they submit to the dressing of
wounds and slight surgical operations with remarkable fortl-
tude.
To help Americans conserve the supply of horses in war
work the American Red Star Animal Relief, with headquarters
at Albany, N. Y, is organizing a special service which will be
developed in the army training camps for foreign service with
the military units that are sent to France. Horse ambulances
and base hospitals will be provided to the limit of the money
received. The work appeals to humanitarians and lovers OF
animals and should be of great value to the nation.-Exchange
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-06-15
The profiteers of various kinds and degrees refuse to see
any hell in war. 1t looks more like a summer picnic to them.
Cincinnati Commercial Tribune.
TAXING GROSS INCOMES

Advocates Of a flat tax on gross incomes 90 not seem 10
grasp the meaning and results of such a policy. If such a
tax amounted to ten per cent, or even to five per cent, it would
be confiscatory in many cases. IT would ruin business men
and corporations who manufacture or trade in staples on
which the profits are small. 1t would drive out of business
those who try to give the public a square deal, while it could
be borne by spectators and by some professions and classes
of trade whose gross and net incomes are practically the same
thing. The basic principle of the income tax is that it shall
Ibe levied in accordance with the taxpayers ability to pay.
Numerous cases can be cited in which a large turnover or
gross income does not yield a large profit, and sometimes re-
suits in net loss or deficit. Some railroads have been in this
unfortunate position for years, and their books are kept in ac-
j%cordance with government and Interstate Commerce Commits
sion regulations.
Those who advocate an income tax on gross incomes vio-
Ilently oppose consumption taxes, yet such an income tax
could not be paid if it were added to the price of everything
that is, sold. In that event it would be equivalent to a con-
sumption tax. s The only difference would be in the system of
accounting and collecting. We now have direct a consump-
ton tax on theater tickets, and the excise taxes on liquors and
tobacco products are virtually consumption taxes which are
passed on to the ultimate consumers with a percentage of
profit added to the tax as well as to the factory cost of the
goods.
Taxes on gross incomes would bear heavily on employers
of labor and lightly on those who derive incomes from invest
ments The possibility of ruinous income takes makes first
Liberty loan bonds paying three and One-half per cent interest
worth more than the last issue of four and one-half per cent
third Liberty loan >bonds because the former are tax exempt.
The income tax is just when levied in proportion to ability to
pay. but an unwise income tax will drive money into hiding or
into tax-exempt investments. This tendency is shown in the
relatively high prices of ax-eXempt bonds.
Congress is about to frame a war revenue bill to provide
a revenue of eight billion dollars a year. 1t must not grind
the seed corn" and destroy sources of revenue in the first
year. A flat tax on gross incomes would cripple or destroy
'sources of revenue in the first year. A flat tax on gross in
comes would cripple or destroy many of our worthiest trades
and industries. There is little chance of congress making
such a blunder, but it will find advocates and now is the time
TO protest against it-New York Commercial.
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-06-15
THE THIRD LIBERTY LOAN

The third Liberty loan yielded S4,170Ol965O, subscribed to
BY about 100000 buyers. Secretary McAdoo congratulates
HE country on the result. which he says is "irrefutable evil
dcnce of the strength, patriotism and determination OF the
American people"
The loan is larger and the number of subscribers much
greater than any previous loan of this country, and every
bond BUYER bought with the full knowledge that he would be
allotted the full amount of his subscription.
TIL. greaat subscription was made despite the fact that
the country has been called upon to pay since the preceding
loan income and excess-profit taxes a~pproximating S3,Uo,-
100000. The loan and these taxes will make a total OF about
ST. OOOOOOOO turned into the treasury of the United States
since the second loan, including the month of June. Yet every
district ovesubscribed its quota, the Minneapolis district lead
ing with an oversubscripton of 12 per cent.
Some of the senators are determined to win the war-they
are planning to run again-Spokane Spokesman-Revlew.
They used to call him the Great White Gear; and now it
arkanian.
Keep up that potato diet a little longer. Do your duty by
the old crop and then enjoy the luscious new spuds.-Birming
ham Ledger.
Belfast was known as "the pride of the north" But thar
was before the Sim Feiners got into actOn-Troy Record.
If Sim Fein has any use for Germany at this time, America
cannot have any use for Sim Fein-Springfield Republican.
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-06-15
HUN GENEROSITY

The humiliation allowance" granted by Germany to her
soldiers ranges from $675 a month to the soldier who loses
only an arm, a leg, part of his face or other important part
of his anatomy which does not incapacitate hin for wor. to
$3.50 a month to the victim who is a complete physical and
mental wreck. The Hun leaders speak of it as a "oenerous al
lowance," and the German peoples seem to take their word
for it. Such generosity" would not be tolerated in any other
nation on earth.
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-06-15

With railway rates at three cents a mile our people in all
walks OF life will conclude there is no place like home. -
Troy Record.
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-06-15

Over in France when they catch a German spy they don't
intern him as we do here. They inter him-St. Joseph News.
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-06-15

One of the good results of the war is that loafng is being
outlawed and idleness by anybody is all but made acrime. =
Cincinnati Commercial Tribune.
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-06-15

They have to call out troops to keep Austrian office holders
from resigning-Atlanta Constitution.
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-06-15

The former king of Greece is ill in Switzerland. He might
Spokesman.
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-06-15

Warfare will win the war.-Albany Journal
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-06-15

Belfast was known as "the pride of the north" But thai
was before the Sim Feiners got into action-Troy Record.
The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1918-06-15

If Sim Fein has any use for Germany at this time, America
cannot have any use for Sim Fein-Springfield Republican.
The sun., 1918-11-24
Minneapolis Grain Market,

MINNEAPOLIS. Nov 23.-Flour. I'M
changed barley. 92c.qsiOO rye. No.
2 Ne7gN.GS: bran, 27.7S; fiax. SS6s
1885,.
The sun., 1918-11-24
what VIII the Railroads DOT

AS to the Railroad Administration and
its ultimate chief Wall Street was not
so largely concerned. Rather did its
mind turn to the prospect OF the return
Of the railroads to their private owners,
brought to a definite struggle both by
Mr.. McAdoo's resi- 2nation md the prog
ress in the movement by the National
Association OF Owners of Railroad Sc
curities for the elimination OF Govern
ment control. Two facts noted in an
analysis by Hornblower and Weeks
stood out in the discussion. First. there
was the one that the roads cannot be
returned until peace Is actually signed
and secondly. that regardless of peace
the Government plans call for an ex-
nenditure OF millions on improvements.
What effect upon the securities OF the
roads a return to private control sooner
than anticipated would have seemed to
some TO be inca sured by the effect that
would have on the roads themselves.
Roads such as Baltimore and Ohio, st.
Paul, New Haven and Pere Marquette,
II was asserted. were guaranteed earn
ings based upon pre-war performances
which they were not now capable of re-
peating whereas with such lines as New
York Central and Pennsylvania-and
Erie lkewise-the margin above divi-
bends was so slight as to be in danger
without the Government guarantee. As
to the dividend paying rails like Union
Pacific, Southern Pacific, Atchison,
Louisville and Nashville, Norfolk and
Western. Illinois Central. Northern Pa
cihc and Chesapeake and Ohio they are
earning and had earned before the war
larger amounts than the Government
guarantee.
The sun., 1918-11-24
The Rails Decline.

As to the movement in railway Issues,
whether the particular news OF the day
were the Incentive for the speculation
for the decline or whether the fractional
changes wrought by the short session
were simply the continuation OF that re-
action from their recent rise. was a
matter of conjecture. The movement
was so mixed with the so-called pro-
fessional activity yesterday that the uiu-
mate meaning of Mr.. McAdoo's resigna-
tion. counteracted by the endeavors of
the owners to regain possession of their
property might well be matter of the
future. Most OF the rails have hitherto
been classed as peace" stocks, becaus,
of their being largely listed as fixed in
come securities, whose market valuation
has such close connection with the pur-
chasing power OF the dollar from the
point OF view and the
meaning OF raw material prices from the
managements point OF view. They have
had rise on that score and they have
been recently going through a natural
reaction from the high levels But n
was noted again yesterday In local com
fnent that some OF them had a long way
to so before coming again into that level
OF price huctuation which gave then,
their name OF old line investments"
The sun., 1918-11-24
Bank borrowings Expand.

The weekly statement of the Federal
Reserve Bank OF New York showed an
EXPANSION III earning assets from $780,
356.i5S at the beginning OF the weal o.,
Ssl9'OO6'9Ss at Its close. These assets
we're represented by rediscounts and al :
vances on commercial paper, which
sA,heo s1so ooo Tcdlscounts and ad-
which fell on $4,000, 900; accepta nccs
bought. which increased $500. 00o and
Investments in United States bonds
n n9Ies ana eertihcates OF Indebtedness
increase In borrowings nv menher
banks Was more than ssS, 100000 co.'s
holdings OF the Reserve Bank declined
aDout 100000 and on the other side
there was contraction in Federal ne
serve notes net OF $4,000. 900 Unitsd
states Government deposits fell IN
sas,looooO. but member bank depost,s
went up nearly $4,000. 900. War
S3.2o0.oo0. '''eeu
The sun., 1918-11-24
GOSSIP OF WALL STREET.
Market Comment.

That the readjur,ment OF industry TO
new conditions remains the dominant
factor in the broad market movements
appears from the weekly reviews OF the
leading houses In the financial district
This, with the continued restrictions on
brokers' loans, seemed to have appealed
to these commentators more forcibly
than even the technical position of the
market after the recent movements.
Clark. Chllds & Co. In their final letter
OF the week, remark There Is no
reason yet apparent to change the atti-
tude toward the markets assumed early
last month. 1t then appeared that con-
servatism, perhaps caution. should be
the Stock Exchange rule. The subse-
quent end OF the war injecting more
momentous problems for the considera-
ton OF Wall Street, makes for an atti-
tude careful In the extreme. Money is
still the brake applied to the stock sit
uation." Aside from this curtsiment
of credit for speculation. J. s. Bache &
Co. found that uncertainty OF what
will be the outcome " industry as war
work is eliminated and uncertainty ae
to the ultimate situation in Europe, add
to the irregularity and the unsatisfac-
tory movement in prices. And 1t Is not
to be anticipated, with uncertainties
and abnormal conditions such as now
exist. that much change can be expected
Eventually safety OF principal and main
tained dividends or interest payments
will assert themselves. however far
along rehabilitation in conditions comes
about"
The sun., 1918-11-24

APPEALS TO BAKERS.
Urged to Use Up Flour Substitutes
TO Aid Economy.

The Food Administration. through
George A. Zabrisltie, head Of the distr,-
button department. yesterday issued
statement strongly urging bakers to use
up the -four substitutes left n their
hands after the new regulations discon.
tinuing the use OF such substitutes be.
comes effective with the ending % the
war. While the Food Administrator
makes this appeal. 1t reitera;es its will.
tngness to stand by Its recently an
ounced agreement to buy up these sub
stitutes II the bakers have no further
need for them after the restrictions are
lifted. Mr. Zabriskie made the following
statement:
We are appealing TO the patriotism
OF the bakers throughout the country
urging them to use up the flour suhstl-
tutes they may have on hand rather
than dispose of them to the Government.
as technically they have n right 10 40
Our purpose In making this aDpea. 10
avoid the traffic congestion that would
Inevitably occur II bakers over the coun-
try were to unload their substitutes all
at once. BY reducing the proportion OF
substitutes to. say. 10 per cent. bakers
would not only gradually consume 'he.-
substitutes at a profit to themselves
hut what is of vastly more importance
would be relea sing transportation vta'y
needed to rush supplies to the starring
nations or Europe. ] sincerely hone ana
am quite sure that the baking trade WI
cooperate with the Food Administration
in its efforts to relieve the famine
abroad"
The sun., 1918-11-24
weakness of Wilson a c.

Reports TO the effect that the enanc,,.
plans or Wilson & Co were near com,
pleton brought decline Of two noir's
In the stock yesterday. That M Iaost
was the surface explanation. But taking
INTO consideration that during tho wees
nearly as much from the decline. y,
the previous week, yesterdays movement
could as well be attributed TO the on
poItunlties Tor profits for those who
mad bought on those declines as IN tho
ueVeiopments in the financial problem
that was the initial cause OF weakness
me most specific report heard in WnIi
street yesterday was Chicago desn,,ch
relating that :he management OF tho
company had about completed arrange
ments In this city for the issue y,
$40 100000 per cent convertib,e de-.
ventures In this city nm official OF bo
company declared that what the Chicago
news reported in detail could not be The
tact' lnasmuch as nothing definite haJ
as vet been submitted 10 the hoard ~
diTSctorA 00A'u Oh
The sun., 1918-11-24
LIBERTY BONDS DECLINE.
Fourth Issue Drops TO OF so, with
Restrictions Lifted.

The removal OF the restrictions o. me
price OF the Az per cent bonds Of he
Fourth Liberty Loan yesterday resulted
in n decline which brought them down
from IS, the price agreed upon since ire
bonds were listed. TO $3.50 at the close o'
the short session OF the Stock ENchI,ge
yesterday.
With the listing OF the bonds on re
New York Stock Exchange on Noyrwnsr
o there came an unprecedented ruSn o,
selling orders. and IL was at once real.
ICED that II unrestricted trading U.re
permitted the price OF the bonds wo4i
rapidly break. Buyers and sellers ths-s.
fore assembled on the floor of tho TX.
change and agreed upon 9S "a the pre-
for Fourth Liberty Loan AS At re
same time the first trading in theAe Boz i
Drought about new record In b "a
accumulations OF scattered
buying and selling orders resulting % ;Ac
changing OF hands OF a block OF s. 500.
600 OF the bonds
The free market in tho bonds rar.e
INTO existence after the completion o. 're
last OF the pressing selling orders Al
stock Exchange houses were uo'tN,i 20
Friday that the price restrictio0 Nol.
be removed and that free trading Nu4..
be permitted
AT the opening OF yesterdays tr,-0g
several hundred thousand dollar, a1"1
or Fourth Liberty Loan tLs chtrS'i
hands at 1886, representing n loss %, a
points Later the price declined g j.
ualiy to 97.7S, Its lowest. after wIO.H :
again rallied. and the last trausacl.,r. 10
them were executed at $3.50.
The sun., 1918-11-24
McAdoo's Successor.

Secretary McAdoo's resignation was a
surprise to a great part OF the financial
community. though from quarters whose
relation with the Treasury Department
would naturally be most intimate had
come some days ago the intimation
that the near future would bring forth
an announcement of heavy import to
finance. Official denial by Benjamin
Strong, Jr., that Mr. McAdoo would
succeed him as governor OF the New
York Federal Reserve Bank quickly
killed the runners spread almost stimuli
taneously with the receipt overnight OF
the news of the Secretary's decision and
the Presidents acceptance. What in
terested the community more than what
Mr.. McAdoo would do to remove the
prime reason for his resIgns ton was
who would take UP the tremendous task
the Department has before It In this
regard Wall Street had many sugges-
tons. among them that w. p. G. Hard
ing would be about the most satisfac-
tory in the post of Secretary of the
Treasury,
The sun., 1918-11-24
MONEY AND EXCHANGE.
GAIL RATES.


Prime Indorsed Billie Six months w BE@s
Receivable. Other Names
Sixty days. 5&fS Three 10 Gx
Ninety days. 6Lf6 months ...... Sk0s
ACCEPTANCE.
% days 90 days % dsgs
Bid. Ask. Bid AJAX. Bid. Ask
Eligible member
banks .......... ~ ~ ~ ~ ~ ~
Eligible non.
mamSer banks ~ ~ th ~ ~ ~
Ineligible banks
bihs .........,.. 81 81 81 3
CLEARING HOUSE STATEMENT.
Clearing House exchanges S6o1. $50 ise bal.
ances. N9,s3l679: Sub-Tressury credit bal.
sncrs sesi .0b Federal reserve credit balance
4s.sso.ss4
DOMESTIC EXCHANGE.
Bosom par; ChicaFo. par: st. LouiA 2See
lSc. discount: San Francisco. par: Montreal
also premium; Cincinnati. par Minneapolis
l0c. premium.
SILVER PRICES.
Bar silver In New York. 3iolH, un
changed; in London. HHd.. unchanged
Mexican dollars 77hc.. unchanged.
FOREIGN EXCHAN0n
The sun., 1918-11-24
Contraction OF Loans.

The features of the weekly bank s'I''-
ment OF the New York Clearing House
were contraction in loans and a's.
counts of *l09.407.OoO and an increase
in surplus reserve OF s6S,@5l250 Bof
movements were due TO the payment r.
Thursday on account Of tho I..r'H
Liberty Loan. which reduced borrow F'
secured by Liberty bonds on ~. re
hand and increased the reserve a. 'r'
Der hanks I'm the Federal Reserve n.',
by SGS,30l,OO0. The net increase 81, TO-
posts was less than SS.OOoOO0 7" .."-
sequence the gain In cash reserve vas
almost exactly equal to the gain 40 p go.
plus reserve. United states deposits o.
on s6,700,0o0. Altogether tho '.rt ~
House bank statement was more 'lE or
able than the Street had anticipated
The sun., 1918-11-24
FEDERAL BOARDS
BANK STATEMENT
Decline in Volume of Dis.
counted Bills Secured by
War Paper.
100000 DROP IN WEEK
Gold Reserve Is Placed nj
SO, O6O,265, 900 in Sys-
TENS Report.
100000 DROP IN WEEK

WASHINGTON. Nov. 23.--After moving
discounted bills held by Federal reserve
banks with Government obligations as
security declined $4,000. 900 during tho
last week to s1.2SO.3OS,OOo The cond
last night. as shown by the Federal 10
serve Boards weekly statement, was as
follows:
The sun., 1918-11-24
Paris Market Quiet.

PARIS, Nov. "a. - Trading on tho
Bourse was quiet to-day. Three per cent,
rentes. SO francs 90 centimes for cash.
on London, 20 francs ss
confines Five per cent. loan. 81 francs
so centimsR
The sun., 1918-11-24
German Bank Statement.

BERLIN, Friday. Nov % (via London).
The statement Of the Imperial German
Bank for the week ended November I
shows the following changes:
INCREASES
The sun., 1918-11-24
London Money Market.

LONDON, Nov 23.-Closlns--M Money,
~ per cent. Discount rates-Short and
three months bills, 3 1872 per cent. /;
gold premium at Lisbon. $4,000.
The sun., 1918-11-24
CORN MARKET LOWER.
Aggressive Selling Forces Prices
Downward.

Downward.
CHICAGO, Nov. 23.--Aggressive selling
on the part of leading commission
houses forced the corn market sharply
downward to-day. Cold weather and
probable increase OF the crop movement
70 primary centres gave an advantage
to the bears. About the only support
for prices came from shorts. Opening
quotations. which ranged from Nc. to
NC. lower. with December 1854 to
l2Sk and January. 1878 to 1881
were followed by a material further set
back.
Oats. like corn. showed pronounced
weakness. After opening NC. to NC.
lower. with January ~ to 73hc., the
market continued to recede.
Higher prices on hogs put strength
into provisions. Demand. however. was
only Of a scattered sort
sure and prices showed Loose. Tor the day
~ 60 . cent cent? In. In the local cash q
freight New York ~ ~
losses OF 4 to 1 cent. The local cash
No. 2 white. s3nc.; No. 8 white, sac. !;
No. 4 white. S2hc.; fancy clipped white,
s3es oc.; ordinary clipped white. s29ssc..
RYE-Market steady: No 2 Western.
,l.76. cost and freight New York.
BARLEY - Market unsettled; feeding,
S1l2; milling. &1.2o. cost and freight New
BUCKwHEAT-Market dull: sound mill
,nE 1910 asked. cost and freight New
HAY-Msrk.t steady; No, 4 1850
100; No 3. u ToQ1.6o.
The Carlisle independent., 1918-04-04
In Memory of Judge E. (. Holt

It is not possible to consult with all the members of the Home Demonstration and Girls Clubs for they are bered throughout the county.
 In the name of both clubs wish to express deep regret of the death of Judge E c. Holt and to extend sympathy to his widow and loved ones in their hour of bereavement.
 Judge Holt was at all times in terested in the work with the women and girls. always willing to assist in any way psssible and his kind words of encourage ment to the girls and their lead CT were stimulus to stronger effort for our best work.
 In the death of Judge Holt the Hone Demonstration and Girls Clubs have lost true friend.
 Sincerely,
 Hatty W. Bell
The Carlisle independent., 1918-04-04
THIRD LIBERTY LOAN

All committees heretofore se- lected in Lonoke county, Arkan- sas to carry on the campaign for the Third Liberty Loan are here by requested to meet at the Court House in Lonoke, Arkan- sas on Saturday morning, April 6, 1918, for the purpose of dis cusslng ways and means and otherwise preparing for carry ing on the campaign in the coun. ty.
 To raise Lonoke county's pro rata of the Third Liberty Loan requires the efforts of every loy- al citizen. All persons hereto fore appointed on any of said com mittees are urged to be present at 10 a. m., April 6. 1918.
 W. H. Young,
 County Chairman