davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-11-18

handicap to industry and trade, in COM
petition with the industry and trade
OF other countries less heavily bur
dened.
The case is different with countrv
which has borrowed very largely from
other countries. A foreign debt is a
a real gain in goods and supplies over
and above the current products of the
countrys industry at the time the debt
was contracted, and it represents a
real loss to the country when the time
comes to pay it.
We may expect in most of the coun-
.rles OF Europe general pooling of
credit resources looking toward the
provision of credit for necessary indus
tries. 1t is right that those who have
suhered least in the course of the war
m"Ht should aid aid tho! those who have suffered
most. Something of this sort has been
suggested by NJ. Klotz, the p French ench
Minister of Finance. civ II
'c) The United States As the Main
New-York tribune., 1918-11-18

that the North had great undeveloped
natural resources and, largely as a con-
sequence, could get credit in foreign
countries. To-day, of course, our un-
developed resources are much reduced
after a half century Of rapid exploita-
ton, while Europe, with the exception
of Russia, has largely developed her
resources.
What are the prospects of active
business following peace? What has
just been said will show the tremcn-
dous need for products of all kinds.
Consumption has been repressed.
old shoes. Housing supplies have run
down. Hunger, long standing, is eager
for relief. The need for new capital,
equipment, machinery, rails and raw
material is very great. But can this
need be converted into that effective
demand which will keep wheels turn
ing and chimneys smoking? Can a
people which must pay enormous taxes
merely to meet interest on a war debt
find funds to buy anything with?
(b) The Financial and Credit Re-
sources of Europe. The picture above
is blacker than need be- For unyry
which has done most of it's borrowing
ct home it may be said that the burden
OIL tne war is over when the war itself
Is over. The real cost of the war is
III the men killed and manned, in the
infant mortality, in the destruction of
property, in the reduced consumption
OF articles of necessity, comfort and
luxury by the population. This cost is
borne during the war, and after the
war is over the price has been paid.
If we can look at the country as one
great family it is clear that no finan-
c'al burden exists. What the family
pays out of one pocket in taxes, it re-
celves back in another pocket in the
interest on the bonds which it holds
or course the matter is not so simnle
as this. Taxpayers and bondholders
Nre not exactly identical. With pres
ont taxing methods, it is highly prob
able that the heavier proportion of the
burden will fall on the rich rather
snan on the poor, although this has not
been true of war debts in the past
Nor is it true that the imposition of
taxes to meet the interest on the honda
and amortize the principal need be-
New-York tribune., 1918-11-18

The next two or three years may
show still more remarkable paral-
lei to the reconstruction period fol-
lowing 1865. Then the utter pros
tration of the South kept cotton
at an almost fabulous price. To-day
the great need of cotton goods in
Europe may mean high prices in
this textile for some time to come.
After the war there were economic
and crop disturbances in Europe,
which combined to make food prices
very high. Wheat, for example,
scared to unheard of levels. Mr..
Ogden Armour has already recorded
his conviction that grain prices in
this country will remain at a high
figure or some time to come.
After the Civil War these high food
prices led to a great Westward
migration and rapid development
of the rich grain lands of the Mid
die West. This was accompanied
by great era of railway building,
which lasted, with the severe inter
ruption that followed the panic of
1878, until late in the SOS. The
vast grain fields of Canada may
see like development now. The
needful railway construction has
been in considerable part already
carried out. It is not so clear that
the railway mileage Of this country
will be so largely extended, for the
simple reason that, like England and
Western Europe, the need has been
largely filled. 1t is different in the
northern and eastern half of Eu-
rope, where quick construction of a
hundred thousand miles of new
railway would bring millions upon
millions of acres as contributors to
the worlds food supply. Although
the average yield an acre of wheat
in Russia is higher, for example.
than that in the United States, it is
remarkable fact that the surplus
grain yielded by the Russian fields
is nothing like so large, in propor-
ton to the farming population, as
in the United States. That means
New-York tribune., 1918-11-18

ions a year in interest payments d avn -,
and at the least we must re-lnVeS' -"
in Europe. W., =,
Cd Governmental After-the-ws' ~. -
penditure.-We should, however; ~ ~ 4
the possibility that the restOratlolr ',Sln.. !.
European credit with large S:..-r so.s-,,
of demand for our steel, maen''Tagy NAV
raw materials and manufactures ,ros. NJ.
not Immediately materiallze- ! ,Id nc ri !;
ability is not great, but 1t shOu''
provided against. .,sr-
Students of the business cse,, .r;.s
the alienation of prosperity, e.-j Slsa
depression and prosperity again "I srs
has characterized the last cenlui: tts
a quarter-have proposed 'hs' br .
fluctuations should be lesseneu .ssss; ~
concentration of government PUN br 5
in the period of depression ana y sg,a
withdrawal of the goy ernmehs. s.ronss
the markets as far as possiole ."'b rbes
the period of greatest ACTIVITY
Continued on page tlce'Ve
New-York tribune., 1918-11-18

The signing of the armistice last
Monday brought into new focus
brokers discussion of the restric
tions of loans for Stock Exchange
purposes. There were some who
wanted to believe that, with the
cessation of firing on the fields of
France, the need of all steps to con-
serve credit for essential national
purposes ceased forthwith. The
military end of the war seemed
about to let loose a great flood of
speculative enthusiasm, which was
damned up by the rules of the
money committee, which would not
countenance "a further expansion
of loans" or undue speculative"
activity. Many brokers reported
that they found it necessary to de-
cline business because of the arti
bcial limitations imposed. Despite
the unmistakable desire in some
quarters for a relaxation Of bars
to free market, bankers associated
with the money committee promptly
intimated that the present restric
tlons would remain as long as the
wants of the government continued
to tax the credit resources of the
country. 20 Official intelligence on this
subject was lacking until Saturday,
when the new money committee of
the Association Of Stock Exchange
Partners, which had been in con-
ference with the Stock Exchange
Committee of Five, which is said to
be in steady touch with the money
committee, of which Benjamin
Strong is chairman, issued a state
ment, saying, eve desire to take
this opportunity to state that the
present restrictions will remain"
Meantime, conditions in the money
market were shade easier, al
though rates remained at the sta
bilized level. The successful move
ment of the Western grain crops
released funds for other purposes,
and there were more ninety day
loans made last week than in any
previous seven day period for sew
eral months. Call loans secured by
mixed collateral were made at 6
per cent and secured by industrial
collateral at 6H per cent. Time
loans BROUGHT 6 per cent, and most
OF these arrangements were in the
nature of renewals.
New-York tribune., 1918-11-18
Telephone
Hanover 6S14

that the production man power is
much greater in this country than
in Russia or anywhere else in Eu-
rope. Russia is the natural granary
for that section of the world. It's
vital needs are machinery, good
roads and cheap transportation. The
return of a stable government there
would open market for literally
billions of dollars worth of Ameri-
can manufactures.
New-York tribune., 1918-11-18
Wealth Nj Markets and Commerce @
Finance > Economics
WALL STREET OFFICE:
Mills Building, IS Broad st.

Professor B. NJ. Anderson in the
article we reprint this morning
draws an interesting parallel be-
tween business at the Civil Wars
end and now. Largely on the
strength of this parallel he predicts
q sharp fall in prices. The likeness
of the two times is unquestionably
close. Both were at their respec-
tive dates the greatest wars, numer-
ically, in history. Both lasted about
four years. Both severely inter-
rupted the worlds commerce. The
rise in prices in this country was in
both about the same. Both occa-
stoned, in this country, a huge ex-
pansion of the main forms of busi-
ness exchanges actually in use. Dur
ing the Civil War this involved
large issue of paper money; in the
present war corresponding expan-
sion of bank credits which, in the
time, had become the
chief form of the actual "cur-
rency" with which business is done.
But there were still differences.
New-York tribune., 1918-11-18

Continued on page t'cs''e
New-York tribune., 1918-11-18

The fall in prices that came in
the three months preceding and fol-
lowing Lees surrender was a fall in
greenback prices, as Professor An
derson clearly sets forth. There was
still more violent fall in the gold
premium. In consequence of this
commodity prices measured in gold
did not fall at all. So far from this,
within the year that followed, gold
prices were in general higher than
at any time during the war. The
fall in the gold premium meant in
effect corresponding appreciation
of the paper currency, which in
turn inevitably implied a general
fall in commodity prices. The pres
ence of this gold factor confuses
the picture and makes differences
therefrom less substantial.
New-York tribune., 1918-11-18

The possibilities of South Amer
lea are no doubt considerable. But
the population of those countries is
much more closely related to the
people of Europe, and especially
to those, in order, of Italy, Spain,
Portugal, France and England, than
to this country. For the rest, the
whole white population of South
American does not much exceed the
present population of, for example,
Italy.
Cheyenne record., 1918-11-21
NOTICE FOR PUBLICATION

Department OF the in,er,or. U. S. Land Once at
Hugo. Colo. Oc.or1r 5. ls's
\ Office is he eb, siven that AUGUST Tuxhorn OF
~ AraL0n-e. tlo. who on September 8. 1914
made Homestead Entry Setia, No. UissJ6 Tor Les
3-%-5 II 1913 and IL U:i "a section 81 township
i2s range 45w 5,h principal me. idian has Sled n, :
tee Of intention to make nal three year proof to
establish claim to the aU..e dsser bed. before
the Clerk oi The District our. o Chs ne eoui y.
Cheyenne Wells. I.!o. on IT. i4th day oil Der
1918.
Claimant names as Witnesses
Julius Kiss. Charles Funk. Martin German. ilbert
Taxhorn. all OF Ararahoe. Colo.
oct nov St JR B.ae Fe.istor
Cheyenne record., 1918-11-21
NOTlI f FOR Pc BLICATION

Department Of the Inferior. U. s. Land Office n,
Lamar. Colo. s. pemcer Q. 1913
n office is hereby given hat Ed Crane OF Firs,
~ View, Colo. who august z. 1915, mao.
Homestead En- ry Nc; ols25o ,or Lots 2 Z s-lO
is and 10 seutlon Y township IS range 4bw OF 9Th
principal meridian has I,ed Iiise OF intention to
make final tnr, year proof. establish clam III
land above ds.croed, before the Clerk Ct the Dis
trct Court at lhsyerne We Is. Colo on ths 20 h
day Of November 1913
Claimant Eames as Witnesses
Clarence Etter Elmer Crsn., Michael Dwyer Z
c Fuller. OF First View, Colo.
oct 10 nov / A ct Beavers Re.ister>.
Cheyenne record., 1918-11-21
NOTICE POR PUBLIC ALTON

Department Of the Interior. U. S Land Cffice at
Hugo. Colo. October 1919
c,ice is hereby given that william E Lange. OF
~ CHEYENNE weiis Colo Who on november 27ih
1914. made Desert Lane En,ry Serial No. ol3s57
for Lots 5 and section Q township i3s range 4:w
9th principal meridian. has filed nocs Of intention
10 make final proof. 10 establish claim to the land
above deseribed. b.f.re the Clerk Of the District
Court Of Cheyenne county. dorado. at Cheyen
Wells Colorado IN tne 9th day Of November yls
Claimant names Witnesses
Charles Randecker. Isaac F Jones, jerry Hayes,
Ivan Croft. all OF Cheyenne Wells. Colo.
oct 10 nov at R Beavers. Register
Cheyenne record., 1918-11-21
LEGAL NOTICES
NOTICE FOR PUBLICATION
D.partmen, Of The Interior, U. S. Land once a

Department Of he Interior, U. S. Land Office at
H.go. Colo. November ~. 1918
n otiee is hereby given that Roy Elorigs Of rhey-
~ enne wells ooo. who on February 23. 1915.
made Homestead entry Serial No. 0l4o4o for Lots
i-2-7 s-s-lo-ia ano i6 (E'., section IA township
15s range i5w 9Th principal meridian has filed no
tee Of intention to iiaal ,h proof 10 es-
tablsh claim to the mud 40 We described. befe re
the Clerk OF he Cistiiet Iouu ei Cheyenne county.
Colo al Chey enns Wells. Colo. on the 2zth day Of
December 1918
Claimant names as witnesses
Weliis J Van Dcren Henry H nix, " H Sebert
Jesse A West all Of Chey snns Wells. Colo.
nov 2ldeo 81 JR Bsav,rs, Register
Cheyenne record., 1918-11-21
NOTICE FOR PUEBLO ATIoN

Department Of thu interior. L. S. Land ONCE at
Hege Coo. September Is. 1918
\ etics is hereby given thet wellie J venDoren
y o. Cheyenne Neis eolo. who on September
26. 1910. made Homestead Entry Serial Nc. ol14l9
for Lots 3-4-5 and 6 and on October 81 sI6 amen
ded same 70 noluds lots ll-l2-l3 and ~ all in
section u township los range 4sw 9th principal
msrtlan. has fled notice Of intention make final
three year proof to establish claim to the land above
described, before the Clark of the District Court
Cheyenne county. Colo, at Cheyenne Wells. Cello
On the 22nd cay Of October 1918
Claimant Eames as Witnesses
Jesse A West. W n Seio,rt. Henry J. Hink. John r
Marof all Of Cheyenne Wells colo.
septls oet}7 st J R Beavers. Register
Cheyenne record., 1918-11-21
NOTICE FOR PUBLICATION

Department Of ,hs Interior. U: S. Lad Once
Lamar. Colo. September 30 1918
Notice is hereby & that James MeElrey. Of
J1N Chefenne Wells, Colo. who on September 25a
fe1s. mada additional homestead entry serial No.
o23+sl for Lots SO and 2 section township l6s
range @4w 9Th principal meridian has fled notice
Of intention to make final three year Traditional Stock
Raising. additional to Oiosl0) Lroof to establish
claim 10 The land above described tefore the Clerk
oiihs District Court Of Cheyenne county at Cheyenne
Wells. Colo. oil the 18th day Of November sls
Claimant names As Witnesses:
Charles Parker. Jack Trus&ey. v Hudson. Of
Cheyenne Wells, Col o.Jckn VI Moerke. Of Brandon
Colo.
oct 8 nov St AL Beavers. Register
Cheyenne record., 1918-11-21
NOTICE OF APPLICATION
ToLess. State School Land

onies OF the State Board Of Land Commissioners,
Cenver. Colo. October 4. 1918
Office is hereby tiyen the: H NJ Harms whose
~ pos,office aooress is Holyoke. Colorado. has
made Application No. A. 1855 to lease the follow
ing oese ibed school lance. situate in Cheyenne
county. to-wit:
All o: section le township las range As W Gmmu.
nifty application:
Notice is further hereby given tina. al! Pc sons 6e-
string to fl application TO Ieas. aIi-or any part
Of this tract Of lard mus, file in this office prior to
November S. 1918 as n,ttlH application to lease
the ABOVE described lands will be considered after
said date Raymond Miller
President State eoa,d Land Commissioners
Published Get lo-I7 % 81
Cheyenne record., 1918-11-21
sHER1FF's SALE j
10 WHOM TT MAY coNcEsN:

" WrtCM MAI JONCEGN.
Notice is hereby given that by virtue Of an exc
cution issu"d out of the District esuyr In IN ac-
ton !" which the Empire Cream Sspereior Com.
rany wss Plaintiff and Frank 3. Brown was d.
PENDANT have levied upon the following dsrcrib-
ed real property. to-wit: All the rieat tile and
interest of he sa:d Frank S. Brown. In m t, tbs
following desc,iled lands. eituatcd In The county
of Cheyenne. and state OF t.o.orXlo. to Wit:
Lots. l-2-7 So !5.ls AID IL the eaa. s1e half
Es) OF ssction q. township Is nth rage p.
west OF II six tn principal meridian seorting 10
tic United States Government survey the, eof.
the property of aid defeneert ard viii Yeii the
same ut public auction the h-hcst ti.ider there
at. ., the south Son: dorr Q: the cosrt House In
Chez enne Weiss Cs,.o. ado. on Euod-y IL. iSh
day of November. 1919. at 10 o'e'ecA IN the forc-
no0n Ct sais Sa;. ~
Ar. .;ac-'-
c.-,t 81 xe,n.r, ~, -.
Cheyenne record., 1918-11-21
NOTICE FOR PUBLICATION

Department Of the Interior. U. S. Land cfies at
Hugo. COLO. Sert i6 1913
office is hereby given that John Philir oyiesLy
~ OF Arapahoe. Gels vino on Jund 23tn, 1918
made Homestead entry serial No. OF S2si for x,s
section % tow nshp l5s range 43w sixth psncira.
meridian has filed notice OF intention to make final
three year proof. TO es.absh elsin 10 the md ab,ye
described before The Cierk Of ths psiriei coun Of
Cheyenne county Colo. al Cheyenne Wells. :colo'.
on the LIST day Of November Jsts'
Claimant names as wisness4s
Jack Shesly. John v Aitker. crover Horton.
Jesse ounton. all Of Cheyen,rs Wells, Colo
sept ID oct - st J R beavers, Register
Cheyenne record., 1918-11-21
NOTICE FOR PUBLICATION

Department Of the Interior U S Land Cffies al
Hugo. Cello. Cctote 5. 1913
n office is hsrery gwen tnet Rollie o Collins. OF
~ Cheyenne wells colo who on September Is.
lsl5 made e-homest.ac entry serial No ol43se for
Lots Nos 9-i0-i.- q! s. --lo and 10 ga sec
ton. % township l2s range a6w 9Th psiueira.
me-ioan has flea to,'cs II ntenion 10. make rinal
three year prUot. 10 establish claim to the lane
above described. SsfoIe tue ,ierk Of the Distrie,
Cour cI lheyenns coLr..s Colo at Cheyenne Wells.
Colo on November u. 1910
Claimant names as witnesses
John Tauscber, foster Dub. Howard Hieatow--.
william liniz. al, Ct Chez S.,ns Vel s. Colo.
oct ! o nov St 4 Beavers. Register
FIN Huffman x i'arafet
~ Cheyenne Wells
r.sss:s ==i::;.. j r',:;;;:'s ysis4ss.. s
Cheyenne record., 1918-11-21
STOCK BRANDS

Parties seeing stray stock with any
of the following brands, Please notify
the party ~ whom the brand belongs.
The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1918-04-25
POTATOES CHEAP NOW.
MAKE POTATO BREAD.

Potato Bread Three pounds boiled
and peeled potatoes equivalent 10
three and threc-fourfhs pounds water
aud thrrc cups fouri. two ard one
fourth pounds bread flour. three table
-pooufuIIS sugar. four tablespoon fuls
~ilt. ONE and one-half tablespoonfuls
~ilf. two cakes compressed yeast.
Clean thoroughly and boil without
pairing u POTATOES 81 medium size AL
lowing them % become very soft Pour
on tine water peel and mash the pota-
foes while hot being careful % leave
mo- humps Take three pounds or FIVE
solidlv packed halfpint cupfuls 81
rna shed potatoes and when az the tenn
uerature II lukewarm wafer add % %
the Yeast. rubbed smooth with three
tableSpoonfuls Of warm water. Rinse
the. cup in which the yeast was mixed
with another tablespoonful Of water
and add 10 the potato. Next add the
salt. the sugar and about four ounces
IT the -four or one scunt halfpint Of
~ifted flour. Mix thoroughly but do
not add any more water at this stage
Let this mixture rise until 10 has be-
come very light which should take a
The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1918-04-25

bout two hours II the sponge is al
temperature Of about So degrees Fab
renheit To this well risen sponge
which Will not De- found 10 be very
soft. add the remainder Of the flour.
kneadiug thoroughly until a smooth.
elastic dough has been formed. The
dough must be very stiff. since the po-
tato contains q large amount Of water
which causes the dough 10 soften as
it ferments. therefore add no more wa
ter 20 the dough unless absolutely nee
cs~ary Set back 10 rise until IL has
trehlcd n volume. which VIII require
another hour or 50. Divide the dough
into four parts. mold them separately
and place in CREASED pans which have
been warmed slightly. Allow the
loavcs 10 rise until they have doubled
iu volume. and bake - minutes al
temperature Of 4OO42J degrees Fab
renheit This recipe makes four one
pound loayes.
The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1918-04-25
PARTIAL PAYMENT
PLAN FOR LIBERTY
LOAN IS POPULAR
WAGE FARMERS MAY OBTAIN
BONDS AND PAY ~ WEEKLY
INsTALLMENT
The BANKS AGREE ON FORM
CITY Workers msy Psg Weekly. while
in Rural Communities Systems
Adapted % Needs Are
Beng Developed

The government partial payment
plan 81 being adopted b. MANY of TIE
cities md towns throughout the
Eighth Federal Reserve District for
handling the Third Liberty Loan.
which starts April d. Committee have
been appointed ga several cities 10
work Qua details % connection With
TIE plan. 90 o. thought that no form
of subscriptions 90 boz used .u The sale
% the bonds will reach anything lke
the aggregate number OF subscribers
~ lao Nlll take advantage % fl.5 meth
Cd of Purchasing
ln s. Louis "a comm .t'ee of bankers
has been active shaping arrangement
So that purchasers of these bon ~ Wlu
have she privilege 90 buying them or
weekly iu-ralmeuts
r 3D. Watts president Third Ma
roual Bank % s. Louis and chairman
% the metropolitan Committee % The
Liberty Loan Organization for thc
Eighth Federal Reserve District. 10
highly enthusiastic over the plan.
During the previous loans. SIR
Watts said there were approximate
$4,000 subscriptions Ia ST. Louis which
we're taken on a weekly installment
plan. but In his opinion that city
ought 20 have $4,000 subscriber %
the weekly payment plan. That - The
goal set b. the present COMMITTEES for
the Third Liberty Loan Bond issue
% The a banks 90 st. Louis a. have
signed up 20 cooperate On pushing The
weekly payment subscriptions. ana a
uniform contract 20 govern such sub I
scriptions. approved by the S. Louis .
Clearing House Association. a. weil /
a. The banks themselves. has been .
adopted
The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1918-04-25

Every Bonds "a bomb for freedom
The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1918-04-25

To effect the needed wing OF wheat
we are wholly dependent upon the
voluntary assistance 81 the American
people and we ask that the following
rules shall be- obsery ed:
l. Hou-eholders 20 use not 70 exceed
total % y pounds per week OF
wheat products per person This
means not more than IL pounds Of
.ctory bread containing the required
percentage Of substitutes and one-half
pound 0f cooking flour, macnroni,
crackers. pastry. plies. cakes. wheat
breakfast cereals. al combined
= Public eating places and clubs 10
observe two wheatle-s days per week,
Monday and Wednesday. a. at present
In addition thereto. not 10 serve 10
any one guest ~ any one meal an
aggregate OF hreadstufs. nhcaroni,
crackers. pastry. pies. cakes. wheat
brea kfast cereals. containing total
q more than two ounces OF wheat
four. No wheat products 70 be served
unless specially ordered. Pubic eat
INK establishments not 10 buy more
than six pounds ~ wheat products Tor
each ninety meals served. thus con-
forming With the limitations requested
q the householders.
& Retailers a. sell not more than
one-eighth Of barrel OF -four 10 any
town customer az any one time anu
not more than one-quarter OF parrei
20 any country customer AT an! one
time. and Ia no case 70 sell Nheat
products without the sale of an eduai
weight Of other cereals.
4 We ask the bakers and grocers 70
reduce the volume OF victory bread
sold. By delivery Of the three-quarter
pound loaf where one pound was soiu
before. and corresponding proportions
IN other weights. We also ask bakers
aot 20 Increase the amount OF tneir
wheat -four purchases beyond ~ ~