davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-12-09
Banks Warned Against
Unneeded Expansion
Federal Reserve Board Saws
Financiers Must Meet Re-
adjustment Demands

WASHINGTON, Dec. S.-In caution
ing banks against seeking great busi-
ness expansion and profit making fol-
lowing the war, the Federal Reserve
Board, in statement to-day said these
activities "must for some time to come
be subordinated to the general well
fare" Some banks, the statement said,
recently had drawn too heavily on the
reserve banks for redscounts to cover
promotion or business expansion which
were not essential.
Conservation of bank loans, their re-
striction to necessary enterprises, and
the liquidity of banking resources,
must continue, the board declared, and
it will be the duty soon of reserve
banks to resume their pre-war function
of regulating the flow of credit through
modifying interest rates.
This was interpreted as meaning
that the Reserve Board will approve in
creases in rediscount rates sor longer
term loans, with great resulting in
fuence on business interests.
"Reduction of loans on war paper"
the boards statement added, "is a
problem to be faced at once by the
banks and their members, for the tran
sition period will unquestionably in
volve new and large needs for credit
and capital. To-day banking and credit
imitation is general, while there has
been farreaching alteration in the
distribution Of gold. A gradual re-
districting of the gold supply is there
fore to be looked for as one of the
features of the financial future"
New-York tribune., 1918-12-09
and Comm cree

ger or disaster to the other. England,
herself the owner Of billions Of foreign
obligations, will remain the banking
centre of Europe, a world clearing
house for goods and credits. / believe
that her banks and ours will be found
in close cooperation, sharing the bur
dens in bond issues and credits and re-
lleving each other as the tide may
swing from time to time.
Personally, think it is finer and
healthier for US not to think so much
our position. Among nations, as among
men, it is not prudent to place ones
self on a pedestal overtowering the
rest. Whoever rises too far above his
neighbors ultimately makes himself
their target. Moreover, conditions Of
too glaring advantage do not remain
long without the disproportion being
adjusted in one way or another. An
overabundance of capital and material
on our part will soon draw toward our
shores as an equalizing force a stream
Of men anxious to divide with US our
position of advantage, and surplus CAPT
tai flowing into poorer countries will
help them develop their own resources
The ultimate course of the process of
adjustment will be largely Influenced
by the attitude and power of labor"
Yet speeches and formal rules played
only small part in the greatest and
most representative business congress
that was ever held. Conference and
informal interchange of ideas were the
methods Of the meetings, which re-
suited in the working out of pro-
gramme which, whatever its limitations
may be, represents an earnest and hon
est attempt Of American citizens with
O., 10 ho ~,
to plan for the new world
t.ra which is at the th re g old
New-York tribune., 1918-12-09

The marked decrease in the graver
forms of mental disease during the
strain and the trials of war seems at
first sight contradictory and curious.
But insanity is in large degree the
result of the compulsory struggle of
civilized men and women against prim-
tive impulses. For ages man was
hunter and fighter Civilization
forces humanity 20 submit to severe
restrictions upon the passion for COM
bat and the chase. Some OF Us live in
perpetual secret revolt against the So
clal conditions that condemn Us TO un-
exciting, tedious occupations, to physi-
cal inactivity. to spending the whole Of
our lives in one town or in one coun-
try, and TO the denial of the instincts
of adventure. wandering and the court
ing of pleasurable danger excitements.
London Daily Mail.
New-York tribune., 1918-12-09
Resources of Satte
Banks Are Growing
Aggregate on November l Was
$1,26l, ,284,O42, a Gain of
$138.

The reported resources of the 9S
64 private bankers in New York State
under the supervision of the New
York State Banking Department on
November 1 of this year. the date of
the last quqarqteqrqlyq qcaqlql qssued
by State superintendent OF Banks
George I. Skinner, amounted to S4,261,-
284,042, or a gain of S138. .634 1928 since
September 10. 1918, the date of last
previous call issued by the New York
State Banking Department.
From September 10 to November |
of this year the reported resources of
the trust companies of the state show
An increase of $94,707,O1O, the total on
November l being 1921 ,371 800. Dur
ing the same period the deposits of
these institutions increased from So
1926, ,734,s75 to s2.516,7 ,751,94O, a gain of
$9o,o16,465.
The resources of state banks, as re-
ported on November ! last, amounted
to 81 ,030,24 ,73O, an increase since Sep
tember 10, 1918, Of 43,655,672. This
is the first time in the history Of the
state that the reported resources of
state banks have aggregated more than
$1,000, 100000. During the same period,
the deposits of these institutions in
creased from SS18,629,192 to $S61,-
C24,926, gain of $42,395,734.
The reported resources of private
bankers under the supervision of the
New York State Banking Department
on November /, were $19,67O,5O3 an
increase since September 10 last, of
s271 AL. During the same period, the
deposits with those private bankers
increased from $12969,94O to S13,-
656,670, a gain of $686,730.
New-York tribune., 1918-12-09

ganization on broad basis, but busi-
ness men have Jagged behind The
formation of the Chamber of Com
merce of the United States in 1912
was the first step in the direction of q
national union of business men, but
it by no means completed the task, as
the Chamber itself has so often told
the country.
The delegates to the congress adopt
ed unanimously the report of a spe-
cial committee, which suggested this
resolution regarding a permanent or
ganization which would unite all Of
American industries:
"Your committee has given serious
consideration to the suggestion that
following this conference an execu-
tive committee should be appointed to
relate the efforts of the various war
service committees, keep them con-
tinuously informed on matters of COM
mon interest and coordinate their work
on national problems.
"It is the conviction of your COM
New-York tribune., 1918-12-09

index xnumber

gates in their dealings with labor per-
vaded their proceedings. The business
leaders by their actions informed the
rest of the nation and the world that
for their part patriotism did not die
with the end of the war. They we're
still to deal with their late comrades
in arms as comrades in commerce and
comrades in peaceful development.
America was to be generous with those
who served humanity so well and was
in every way to seek to avoid becom-
ing the "hated credtor' of the world
in it's hour of dire need.
American industry these men hoped,
would continue to be directed by pri-
vate initiative, because they felt that
the enterprise of individuals was ca
pable of service, which they recognized
They were confident that the entire
preneurs of the nation, the men who
undertook business obligations and who
seized the initiative, would persist in
their leadership, because they thought
they were aiding the nation in sound,
economic way. No talk of special
privilege" or "vested rights" deferred
the delegates from approaching the
questions of economic reconstruction
in broad, creative spirit
Besides their thirty-odd major reso-
lutions, in which the industrial par
1iamentarians crystalized the opinion
of American men Of business on the
problems of the forthcoming rcadiust-
ment, the delegates took steps that
will lead to the formation of the first
national organization that will be
genuinely representative of all
branches of American production. In
voting to make the 3S1 war service
committees, which represent 420 in
dustries, permanent, and to appoint an
executive committee to correlate their
efforts, they dealt what may we'll be
considered a death blow to the weak
ness of particularism in American in
dustry.
For years farmers and workingmen
have seen the urgent necessity of or
New-York tribune., 1918-12-09
T elephone
Hanover 65t4

to the cancellation of war contracts
and other uncertainties. There has
been no important change in the
stock market money situation. AL
though the bankers money commit
tee last week decided to restore the
old basis of margin on Stock Ex-
change loans existing prior to No
vember 4, the restriction limiting
the volume of members loans to the
level of September 16 was allowed
to stand. Until this restriction is
removed Stock Exchange houses
will be unable to expand their loan
account. Day to day money rates
last week were maintained around
the 6 per cent level for both call
and time funds. Government with
drawals during the week were fairly
heavy and tended to keep rates up.
New-York tribune., 1918-12-09
Free Rides for Wounded
Hundreds Offer Use of Cars for
CouyaIescent Warriors

Several hundred motorists have Of
fered the use of their cars three hours
a week TO the new recreation trans
portaton division of the Red Cross.
which will give convalesccn. soldiers
and sailors rides around town.
The service will not be started, how
ever. it was announced yesterday, until
1000 cars arc available Those who
wish to offer the use of their cars can
do so at Red Gross Motor Corps head
quarters, 44 ast Twenty-third Street.
New-York tribune., 1918-12-09
Bonds{0r Investment
Harris. Forbes & Co.
Pine Street, corner william
NEW YORK
HARTMAN NATIONAL BANK
BANKING Hours FROM 8 A. N. TO 8 Pm.
SAFE DEPOSIT VAULTS GA. NJ. 70 MIDNIGHT
FINANCIAL MEETINGS
fiih Avenue & Forfy-fourth St.
New York

TO sTockHoLDERs or AMERICAN
COOKED FOOD SERVICE INC: NO
TICE lS HEREBY GIVEN that Special
Meeting OF the stockhoiders of American
Cooked Food Service Inc VIII be held az
The principal Offices of the Company, No. /
Madison Avenue. Borough OF Manhattan,
city County and State of New York the
.3rd day of paeqmber 1918. at 80 O'Clock
y. NJ. for The purpose of voting upon the
proposition To increase its Capital Stock from
Seventy-fye Thousand Dollars (S75.000) .
consisting of 900 shares of the par value of
one Hundred Dollars t$loo> each, TO Ninety
nine Thousand Dollars 1S99,000), to consist
of $50 shares ot the par value of one Hun
ored Dollars t$lQul each. Notice is also
hereby given that a. said Special Meeting
there Will be presented 20 the stockholders
the further proposition TO increase the num-
ber of Directors of the Company from seven
Directors. as at present 20 eighteen Di
rectors. Notice is hereby further given that
at said meeting zine stockholders viii he
called upon 10 approve he amending OF the
Certificate of lnecvporation- TO provide for
said increase in the number OF Directors and
to ratify and adop. amendments TO the BY
Laws. details as 80 which viii be furnished
the Stockholders pilo- TO the holding of said
NEE ting
Dated Sew York. December 7, 1918.
JESS = n. BANCROFT. President.
ALICE MCKAY KELLY. Secretary.
New-York tribune., 1918-12-09
DIVIDEND NOTICES
American WOODEN Company
(Massachusetts Corporation)
QUARTERLY DIVIDENDS.

Notice is hereby given that the regular
quarterly dividends of One Dollar and
Seventy-Tive Cents (s1.75l per share or tho
Preferred Stock and One Dollar and Twenty
Five Cents l.25) per share the Common
Stock OF this Company will be paid on Jan
IS. 1919, to stockholders of record Dec. Is.
1918
Transfer books will be closed at the close
of business Dec. 16. 1918, and will be re-
opened at the opening of business Dec so.
1918.
VIM. H. DWELLY. Treasurer.
Boston, Mass, Dec c. 1918.
New-York tribune., 1918-12-09

The tendency in the money mar
ket is toward increasing ease, al
though this is yet to be reflected in
general lowering of rates. Funds
are now being made available in
sufficient volume to take care of
present requirements Of commercial
and industrial interests, where
greater caution is exercised in the
matter of new commitments, owing
New-York tribune., 1918-12-09
Market Baroneters
Stock Exchange Transaction

s0lOCh LACldIlSc Transactions
Rail Other All
stocks. stocks stocks.
Last w'k.. .474,90o 1,752,400 2,227 300
Week bef. .741 500 2,4s6,2o0 3,237, 200
Year ago.. $4,000 2,132,40o 2,545, 400
January to date:
1918. 1920, 100 12,175, 800 131, 1895. 800
1917. .21, ,866,6o0 150,440, 100 172,3oe, ZOO
1916. .33, ,6O2, 900 II, ,O3o,e00 2o4, ,632 600
Bonds
Week Year
Last week. before. before.
u. S. g.$48, 1885,, 900 S3e, ,s42, 900 s12, ,4o7. 600
R'Prs.. 4,9o5,oo0 5,135, 900 4,455, 600
Oth'rs. 13,829,ooo 11,727,ooo 4,532, 600
All KIDS 67,619,O0O 5e,704,0oo 1894. 600
January to date:
1918. 1917.
U. S. gov. S $1,13s,26e,oo0 s241 .45o. 600
Railroads =. 171,8o8,o0o 1907 900
Others ..... 503,463,0o0 465, ,437, 900
All bonds. 1.803,535,oo0 se9, ,e5s, 900
New-York tribune., 1918-12-09
Curb Market

market quotations Transactions and prices
for the week ended December were re-
ported as follows:
New-York tribune., 1918-12-09
CUBA CANE SUGAR CORPORATION
Preferred Stock Dividend.

A quarterly dividend OF Sl.75 per share
has this day been declared upon the Pre-
ferred stock Of this Corporation for the
quarter ending December 51st. 1918. paya-
Bile January End. 1919, TO stockholders Of
record at the close of business Dece mher
18th. 1913. II. Z. KROYER, Treasurer.
December 9Th. 1918.
New-York tribune., 1918-12-09

\ SPECIAL MEETING OF THE STOCK
holders OF Spotless Garage X Automobile
Supply Co. inc, by order OF the directors
viii be held on December 30. 1913. at IL
\. NJ at 1873 East l0lst street Borough of
Manhattan. New York city for the pur
pose or voting upon proposition that tho
corporation be forthwith dissolved
Dated, New York November ~ 1918.
WILLIAM DAVIS, Secretary.
New-York tribune., 1918-12-09
American WOODEN Company
Massachusetts Corporation)

EXTRA DIVIDEND ON COMMON STOCK
Notice is hereby given that an extra div
idend of five per cent. (5eo) in Liberty
Bonds, on the Common Stock Of this Com
pany will be paid on Feb. l, 1919. or soon
thereafter as practicable TO Common Stock
holders of record Dec. Is, 1918
WM. H. DWELLY, Treasurer.
Boston, Mass, Dec. 6. 1918.
New-York tribune., 1918-12-09
w & alth Nj arkets
Finance = Economics
WALL STREET OFFICE:
Mills Building, IS Broad St.

Wall Street continued in a hest
tating mood last week so far as
operations in the securities market
were concerned. With the tendency
on all sides toward increasing eau
ton, stock prices fuctuated irregu-
larly throughout the week, without
any clearly defined trend. Special
issues in some cases developed
strength for special reasons, while
elsewhere there was a tendency
toward reaction, the net result
being an uneven and uncertain
movement. 1t was, perhaps, signif-
cant of the underlying feeling of
optimism regarding the future that
offerings of stocks were not heavy
and that a comparatively small
turnover sufficed to move prices.
Speculative interest in the mar
ket has been at low ebb for some
time past. The bulk of the bust
ness, as was the case most of last
week, is of professional origin,
which accounts in large measure for
the irregular tendencies. The pub
lie apparently is waiting for further
developments in the reconstruction
programme before doing anything
IN the market. Just as there is a
great difference of opinion as to
what is to happen to commodity
prices III the next few months, so
there is wide divergence of opin-
ion with respect to the future
course of security prices. Naturally
such a conflict of views is bound
10 make for hesitation Develop
ments in last weeks news seemed
to exert little influence on the
course of prices. Even the Presi-
dents message to Congress on the
eve of his departure for Europe
was disappointing as market fac
tor. Some of the railroad stocks
moved forward in response to the
Presidents statement that he had
no definite plan as to the future
government control of railways, but
the advance was not held.
Conditions in the bond market
underwent but little change last
week. Corporate issues were quiet
and the price trend was irregular,
investment houses reporting slack
ening in the demand. The feature
of the market was furnished in the
very heavy dealings in Liberty Loan
issues. The price of the fourth
AS, the last loan issued, declined
to a new low record, with a loss of
more than a point, as a result of
the weeks operations. Part of the
selling of the various issues proba-
bly, came from investors who, now
that the war is over, think that
there is no longer need of holding
tIIeu DOIlUS. At UHe same Clme, the
announcement made by the Treas
ury that fifth loan will be offered
next spring, caused some selling
from quarters where there is be-
lief that the next issue will be made
on higher interest basis. In the
mean time, considerable new cor
porate financing long postponed is
being put through. Last week one
of the large packing houses placed
an issue of 100000 of ten-year
6 per cent convertible bonds. A
number of the railroads are ex-
pected to enter the market shortly
for funds. In the municipal bond
market there has been considerable
improvement since the signing of
the armistice and several new issues
have been placed on the most ia
vorable basis in months.
The tendency in the money mar
New-York tribune., 1918-12-09

5000 6So rGn0Ran un Rastern MIN 4zss 4zs 44IIs V
$4,000 %tWard Nj & NJ 81 20 80 =
10000 1Wasapika 80 49 "a AZ p
$500 Wash G Qtz. 88 81 88 g
$3.50 500 w. w. G5ah Eaf f2n. E% p 10 q 2"
210OO 4Wh Caps M 10 II ~ 1n
$500 fWh Caps Ext 2 2
New-York tribune., 1918-12-09
Bonds
insanity and the War

'Unlisted. fsell cents per share
Norwich bulletin., 1918-04-01
Norwieh's Favorite Stock Organization
 All This Week at the Davis.

All This Week at the Davis.
 The famous Myrkye-Harder Co. will open it's annual engagement at the Davis this week. Of course this sterling standard attraction does not need any introductory praise from this source. As year after year they have been getting bigger and bigger until now they stand prominent in family dignifed amusement in firty or more cities whose population range from 30,0Oo to 150,000. Only genuine progressive satisfaction and a double value for the patrons money would cause this phenomenal record. Today this organization is without a peer.
 Everywhere they visit it is each night and afternoon standing room only and wildly enthusiastic audi ences who never, as a rule, attend pop ular priced attractions. Therefore try Monday matinee performance of Common Clay" and see for yourself One of the most surprisingly emo- uonal climaXes ever seen on the stage iS afforded in Common Clay" Cleve Kinkead's powerful drama of human frailty which the Myrkle-H Harder com pany has chosen for the opening play
 The big surprise occurs during the trial scene in the examining court where the young heroine is accusing the degenerate who betrayed her. The startling and unexpected turn of af. fairs with. which the scene culninates was one of the main features in mak- ing Common Clay" one of the mos sensational and widely discusIed play. of the day. A powerful lesson in ar absorbing play, and 9 drama that nc playgoer can afford to miss.
 Tomorrow night positively one O the Myrkle Harder company's bes offerings. Mile a Minute Kendall. 4 wonderful comedy with a dramati, plot. The surprise play. Matine, daily.
Norwich bulletin., 1918-04-01
Motor Trucks.

The W. A. Shaw Company of Chi eagn. publishers of System Maga zine, will soon issue a book on "The Motor Truck as an Aid to Business Profits The book will contain 500 pages. fully, illustrated. and will treat e1faustivefy of the uses to which the commercial vehicle can be put today the means of getting the most from it and the agencies which increase it's efficiency. The author is s. V. Norton. manager of truck tire sales of the B r Goodrich Rubber Company.
 For the business man who is con- tenplatdng the purchase of a truck or who Is seeking to make his truck perform more effectively, MT. Nor toms book holds unusually valuable information as it treats such subjects as the field of the truck in modern business when to change from horse to motor delivery, the planning of a delivery system. keeping track of the rosts. making the truck last longer Eettfng the drivers cooperation, in Etalling a bonus system, shop hints for truck maintenance, installing loading md unloading devices, trailers and keeping down tire expense.
 In writing this book, Mir. Norton who has been connected with the truck industry since it's infancy. has ob. Etpsts luEh yaipshla afaSnaati tiaa.. ,nnt
Norwich bulletin., 1918-04-01
-HUMoR OF THE DAY

Benham-Food will win this war.
 Mrs Benham-Anf after the war l suppose the bands will be playing Hail to the Chef-Life.
 Redd-Who wrote the words for that song?
 Greene-I don't think anyone could have. I guess they just picked 'em out of the dictionaNy.-Yonkers Statesman. Master What! Forgotten your pencil again? What would you think of soldier who went to war with out a gun? Tommy-I'd think he was an off cer, sir.-Passing Show.
 Why did he marry her at all if he intended getting divorce so speedily?"
 Because he didn't think it would 1 be honorable to break the engage ment. ."-Boston Transcript. Much can be done with a political machine"
 "Yes," replied Senator Sorghum. But in politics as elsewhere the present problem is not so much ma chinery as manpower- W ashington Star.
 Well. after all,'' remarked Tom
  there's one advantage in 'aying a wooden leg
 Whats that?" asked his friend.
 You can hold up yer bloomin' sock with tin-tacki'' chuckled the hero. Tit Bits. .
 "Wen,'' remarked Mrs. Corntossel as she finished reading the letter. If that isn't just like Josh"
 "What do you mean?" asked her husband.
 The first thing he did when he got to the trenches was to get his clothes alA muddy" Francisco lChronicle.
 And you won't marry me?'
 Not now. Do you see that plant over there, bearing single red blos- som?''
 "Yes"
 When it blooms again will be Iyours.'
 "Goodi I can wait''
 q hardly think so. Thot's cen tury plant t''-Birmingh Age-Her- ald
Norwich bulletin., 1918-04-01

AT COURT OF PROBATE HELD at Norwich. within and for the District
 of Norwich, on the 18th day of March, A. D. 1918.
 Present J. AY1rNG. Judge Estate of William H. lift, late of Griswoid. in said District, deceased. The Aimtnistrator. exhibited his ad- ministration account with said estate to the Court for allowance; it is there fore
 Ordered. That the 2d day of Aprfl. A. D. 1918, at 5 o'clock in the after noon, at the Probate Court Room in the City of Norwich, in said District. be. and the same is. appointed for hearing
 the same, and the said Administrator is directed to give notice thereof by publishing this order ohce in some
 newspaper having a circulation in said District, at least one day prior to the date of said hearing. and make return to the Court.
 NELSON J AYLING, Judge. l The above and foregoing is a true copy of record.
 Attest: HELEN M. DREsCHER. a
 apr1d Clerk
Norwich bulletin., 1918-04-01

FOR sALE-Pair five year old oxen and quantity of seasoned oak plank. M. E. Blacker, Route 2. Norwich, apr1d