davidaulloa/AmericanStories huggingface dataset:
The Hawaiian gazette., 1918-08-16
SUGGEST removal !.
/ OF BISHOP MUSEUM.
site IN, Civic Center, Proposed;
4 Proposal Will BE Considered
by Govefnorr Mccarthy

Asuggestion that the Bishop Museum
be. moved from the building now occu-
pied IN the grounds of the Kamehame-
ha School for Boys and located in the
new Honolulu Civic Center, preferably
opposite the Library Of Hawaii on
Punchbowl Street has been made to
Governor G. J. Mccarthy, which he
views with some favor, after only
casual consideration.
So soon as he gets an opportunity
FRED from The pressing attention Of
other matters of more immediate ur-
gency, the Governor says that he in.
tends to take up Civic Center subjects
for, consideration, when he will further
consider the suggestion that the Bishop
trustees be induced to move the Bishop
Museum to the central location pro
posed, b. 81
Those who, favor action to get the
Bishop Museum located in the Civic
| Center, on tho. site Mt King and 'Punch..
bowl Streets suggested to the Governor,
urge that several advantages will be
gained. aas..
!. Would Remove Eye-sore
| n The first and major purpose which
will be achieved will be the tearing
| down Of the frame shacks now an eye
sore at that corner, specially since the
Mission Board has purchased and filed
in the lot formerly occupied by the
Territorial Stables The second advan-
| tage will be the securing of suitable
and proper building for the housing Of
| something Of public interest in the
Civic Center.
Another advantage which makes the
suggestion one worthy of the considera-
tion Of the Bishop trustees is that by
! the, removal of the Bishop Museum to
the Civic Center there will be provided
1 another building at the Kamehameha
Schools which. with little alteration, can
be made suitable for dormitOry or other
school uses. 1t is known that some Of
! the dormitory buildings at the Kameha-
meha Schools are becoming so antique
that, provision will have to be made
soon,yto replace them.
| Question Of Room
k Governor Mccarthy said yesterday
that the only offhand objection he
! could see to the suggestion was that
there might not be room enough on the
! site proposed for a building as large as
| Iht VhVa hNNNSoPAy w "O'"N ''S
of the Bishop Museum, admitted as
being the. finest one in the world, and
rating equal to that of other notable
museum exhibitions.
To the answer that part of the Mis-,
sion Board yard might be purchased by
i the Bishop Trustees as an addition to
1 the proposed museum site, he replied
that he understood the Mission Board
had bought the Territorial Stables sitS
for the purpose of setting on It's ,tns
lgbuilding. a4"Tl q, g@1il "a j
However, 1t is asserted by'others that
the Mission Board probably would be
willing,to dispose of part Of its un
used lot in order to get the adjacent
buildings removed and such an eXhlbi
tion as the museum nearby.
Another Suggestion
s"nA correlated suggestion Whlen als'
The Hawaiian gazette., 1918-08-16

= R. Borger, Dutch consul at Kobe,
+. f. c. Castour, Belgian consul at
Kobe, aud ]. c, Goctz, head of large
engineering firm in tn" same japanese
ritv, have come to Honolulu to spend
their aunnnl vnrntiOn All three are
guests at the Moana Hotel.
The Hawaiian gazette., 1918-08-16
SOLDIERS, PATROL BEACH

Soldiers of one of the, Hawaiian regi,
ments in regular, service, armed with
rifles, patrolled portions. Of Waikiki
Beach. yesterday. af tsrnOon, particulars
ly along Kalakapa Avenue from King
Street, aS far cas the Bubble Baths, in
Kapiolapi Rarls, u creating considerable
ebSipsity am0pg eiythspA Most, Of
those who, took notice Of the patrol,
concluded they. We're looking for a
deserter or prisoner.
The Hawaiian gazette., 1918-08-16

sBid-- Ecy IDl yideh q tUnquoted
EH8 Ee N A4- MA d -l4t@4A q e
SAN FRANClScO QUOTATIONS
ated Press Foilbwtng are thu opeIilhK
and dosing quotatiohs or khknrfand other
atocks IN the San Fraacisco market yes-
terdAys W MNl NJ %FFfs ~
The Hawaiian gazette., 1918-08-16
Teething Children

Teething children have more or less
diarrhoea, which can be controlled by
giving Chamberlain's Collie and Diar-
rhoea Remedy, All that is necessary
is to give the prescribed dose after
each operation of the bowels more than
natural and then castor oil to cleanse
The system. 1t is safe arl sure. Even
the most severe aud dangerous cnsrs
are quickly cnr"' w it. For sale by
Benson, Smith j GU,-AdH
The Hawaiian gazette., 1918-08-16
DISL0YAL CHAPLAIN
NOW IN U. S. PRISON

CAMP LEWIS, August l-~OHrrrs
here today announced the arrival at
the us. Penltentiary at McNeil Island,
Of former, Chaplain Franz j. Fenlrr,
United States Army, who is to serve n
sentence Of fifteen years for disIoynl
remarks while on duty in Hawaii
The Hawaiian gazette., 1918-08-16
. NEW YORK- STOCES

NEW ; YORK; August lot Associated
closing quotations Of stocks ID the New
York Market yesterday. gE4L
The Hawaiian gazette., 1918-08-16

Qp0tntIopa, on ia f0II0WtnE lNIW1 I0Fk
curb stocks, 'as wi tIesbed u 1hl Adsef-
tiser BY stoneham 4 Co.. 2re:. ~ " 4,
The Hawaiian gazette., 1918-08-16

Charles Spillner, who was found gull,
ty by jury in the federal court Wed
noSLav Of II violation Of the Espionage
Act, is to b" sentenced by Judge Horace
Vaughan ON Saturday morning unless
motion for new trial is granted.
New-York tribune., 1918-02-15
Coupons on Russian
Internal Bonds Paid
Holders Receive Interest at
the Rate of 1912 Cents
to the Ruble

Coupons representing the semi-an-
nual interest due on the 5h per cent
bonds of the old Russian government,
which were sold in this country, were
paid yesterday by the National City
Bank. A. Z. Johnson e. Co., general
agents here of the Russian-American
Line, also announced that they were
prepared to cash the February coupons.
At the National City Bank it was
stated that the interest would be paid
at the rate of 121a cents ruble on all
bonds of which the bank had record.
The shipping firm declined to make
public the rate it would pay, but it was
understood to be under 10 cents a
ruble.
1t could not be learned definitely
whence came the supply of funds with
which the interest on the bonds was
paid. 1t was intimated, however, that
the coupons were paid from funds of
the Russian government which have
been on deposit here for months.
The internal Russian bonds are now
quoted in this market at about $93 per
1,000-ruble bond. When first offered
for sale to American investors they
brought about $3.50 for each bond. The
current quotation for rubles is 1874
cents, compared with normal parity
of 61.2 cents.
New-York tribune., 1918-02-15
Niles-Bement-Pond
Earnings Reduced
BY Labor Troubles
Company Enlarges Plant to
Handle Government
Orders

Manufacturing profits in 1917 of the
Niles-Bement-Pond Company, manu-
facturers of machine tools, aggregated
$5,113,611, a decrease of $1,412,509
from 1916. Net profits, after allowing
for dividends on the preferred stock,
were equal to $35.76 a share on he
common, compared with $58.75 a share
in 1916. Labor troubles were in large
part responsible for the falling off in
earnings.
The amount of untitled orders on the
books of the company on January
was nearly so per cent greater than a
year ago, much of this being govern
ment work.
James K. Cullen, president of the
company, in his annual report to tae
stockh olders, said:
"The earnings of the year, although
considerably less than for 1916, are
fully up to the expectations of the
directors. There were several con-
trlbutory causes for the smaller profit.
The entry of our country into the war
made necessary an almost complete re-
vision Of our manufacturing chedule,
giving precedence to such machines as
the government required; rise in price
of materials and labor greatly in
creased the cost of filling contracts
based upon lower prices; increased
taxes have had serious effect; but
the most serious of all the contrib
utory factors was the strike in the
foundry of the Niles Tool Works, at
Hamilton, Ohio. The strike began on
May "a, and for several months after
that time the foundry stood idle. The
strike was due to a. determination on
the part of several labor agitators to
unionize the foundry, notwith standing
the fact that even after months Of
agitation they had been able TO induce
only few of our men to join the
union
"a large number Of armed guards,
employed by the company at its own
expense, and later on Federal iniunc-
tion, made it possible to resume opera
tions after months of idleness. The
foundry is now operating without any
union employees with very satisfactory
results, as far as the present output is
concerned, but we are still greatly
handicapped by the shortage of cast
lngs due to the long shutdown"
The company made improvements
amounting to $1,14O,00O in buildings
and new machinery equipment in 1917
and 100000 additional was expended
IN acquiring property on the Newark
meadows. 1T was expected to build on
this property, but the high cost of ma
terlals and other considerations caused
the directors to reconsider.
New-York tribune., 1918-02-15
Finance Economics
Telephone,
Hanover 6blA

mend our old clothes, wear patched
shoes and reduce the manufacture
and use of all luxuries, if our allies
are to be fed and clothed. We must,
if possible, maintain or increase food
production. Nothing will so readily
accomplish all these things as good
prices, and nothing will make it SO
difficult to accomplish any one Of
them as low prices. The solution of
the food problem is more food, not
less price"
But if the government does vent
urc further in the field Of price con-
troll it should at least handle the
problem in a symmetrical manner.
Regulation of prices calls for stimuli
taneous regulation of consumption
and the adoption of measures to
maintain production. Otherwise we
shall eat up our supplies too fast, as
we have been doing with wheat.
"Had prices been allowed to take
their own course" says Professor
Warren, "the farmer would bc get
ting much more for his wheat and
the higher price of flour would have
limited consumption. The high price
of wheat would have caused a very
large planting"
While much has been accomplished
in the way of limiting consumption
en- voluntary basis, Professor War
rem is of the opinion that this alone
Will not suffice to make the supply Of
wheat last long enough, and there
fore fixed prices must be accom-
plished by rationing.
Finally, he states, prices fixed on
the basis of average cost. are below
the cost of production for about half
the farms, which inevitably means
decreased production, whereas it is
obvious that if more wheat is to be
produced "the marginal land must
be used and the marginal last bushel
obtained. This increased production
is not obtained at the average cost,
hut at a very high cost" That is
Why he believes that "prices fixed ON
such methods of figuring are more
dangerous than submarines"
New-York tribune., 1918-02-15
Price of Zinc
Fixed at II
Cents a Pound
Maximum Based ON Cost of
Production Will Stand
Until June l

WASHINGTON, Feb. 14.--President
Wilson to-day approved an agreement
reached by the War Industries Board
and the producers of grade ga" zinc,
fixing maximum price Of IL cents
per pound f. o. b. East st. Louis, sub
ject to revision on June !.
A maximum of ID cents per pound
for plate zinc f. o. b. at plants, and
Is cents per pound for sheet zinc f. o.
b. at plants was fixed, subject to the
usual trade discount.
Tho announcement Of the price fix
ing follows:
after Investigations by the Federal
Trade Commission as to the posts OF
production the President has approved
an agreement made by the War Indus
tries Board with the producers of grade
"a" zinc, fixing a maximum price of II
cents per pound f. o. b. East ST. Louis,
subject to revision on June /, 1918, and
also an agreement made by the War
Industries Board with the producers of
sheet and plate zinc, fixing a maximum
price of IA cents per pound for plate
zinc, f. o. b. plant, and Is cents per
pound for sheet zinc, f. O. b. plant,
subject to the usual trade discounts.
"Thc conditions are: First, that the
producers of grade "a" and of plate
and sheet zinc will not reduce the
wages now being paid; second, that
they will sell to the Allies, to the pub
lie and to the government at the same
prices; third, that they will take the
necessary measures under the direction
OF the War Industries Board for the
distribution of the zinc to prevent it
from falling into the hands of specu-
lators who might increase the price to
the public, and fourth, that they pledge
themselves to exert every effort neces-
sary to keep up the production Of zinc
so as to insure all adequate supply
so long as the war lasts.'"
New-York tribune., 1918-02-15
Cotton Consumption Falls
Stocks on Hand Much Smaller
Than a Year Ago

WASHINGTON, Feb. 14.-ACotton
consumed during January amounted to
524,083 running bales and for the six
months ended January 81 3,318,S44 run
ming bales.
Last year in January 6o1,381 bales
were consumed, and for the six-month
period 3,357,823 bales.
Cotton on hand January 81 in con-
suming establishments was 1887, ,445
bales, compared with 2,3O6,038 a year
ago, and in public storage and at COM
presses 3,616,078, compared with $685.
100 year ago.
Cotton spindles active during Jan
uary numbered 33,552,732, compared
with 33,0l6,893 year ago.
Imports during January amounted to
36,735 bales, compared with 38,463 a
year ago.
Exports were 4e1,6e7 bales Of lint
and 1903 bales of linters, compared
with 6O0,S53 of lint and 1864 of lint
ers year ago, and for the six-month
period 2,801,858 bales of lint and
1906 of linters, compared with g.
o61 ,057 of lint and 124,771 of linters
the same period last year.
New-York tribune., 1918-02-15
Heavy Selling of Motors

When prominent Stock tXcha"Ss
house sold 1900 shares Of Genera
Motors in a single block at l34 shoi"'
after the opening the Wall Street 'ap'
readers concluded off hand that the IL,
siders were unloading. But on seeon,
thought they changed their opliiVr;
arguing that even the clumsles' ~
pool managers would hesitate 10
tempt the dumping of so large. Dioss
of stock in a single transaction. ~
matter of fact. the sale faiiea IA -
bring a ripple in the market Tor s,,S
shares, although subsequently 1n., p..,
eased off on increased offerings. r. ~.
vlous to the big sale of 4,sOo sha,ooo IN
there were two transactions on ~
shares each recorded on the tape prs. .
134b and 134A, respectively , I'd I'd
transaction that Immediately foiio"ss
was 100 shares at 1889. 1t was -. IA
called that the house which sold snS snS
block of Motors liquidated zo,Vvss
shares in December for promlns;ssii
Boston man, who was in flnahs.sii
straits. The total turnover in Gene,osaa aoa
Motors for the day exceeded io'0sr ~
shares, compared with 5,9uo -.
Wednesday. The company will mas
its annual report in March. =
New-York tribune., 1918-02-15
Corporation Returns

Cluett, Peabody & Co.-Operations
in 1917 produced total receipts of s19,-
25o,603, compared with s16,524,117 in
1916. Net profits were $2,53O,245,
compared with $2,S11,824 the year be-
fore, the falling off being due to a
large increase in expenses. After divi-
dends on the preferred stock the bal
ance of net profits was equal to $11 33
share on the common stock, com
pared with $3.50 in 1916.
Allis- Chalmers Manufacturing COM
pany.-Total sales for the quarter end
ed December 81 last were $S,216,959, an
increase of $2,475,2S1 over the cor
responding period of 1916. Net profits
for the three months period were ST.
1S7,957. an increase of $259,235. The
company had on hand on December 81
unified orders aggregating total val
ue of $26,935,146 compared with s13,-
424, ,4S6 at the close of 1916.
Wayland Oil and Gas Company
The annual report for the year ended
December 81 shows gross earnings of
$461 ,437, compared with $411,O66 for
1916. Dividends amounted to $144,0OO.
an increase of $4,000 over the pre-
vious year. Surplus was S47,335, com.
pared with s173,7o4 for year ago.
Laclede Gas Company-Gross earn
lngs for the year ended December 81
were $4,8O0,264, compared with s4.5o9.-
424 for 1916. Balance after taxes was
S2,612,522, compared with S2,846,247 for
a year ago. Net earnings amounted to
s2,247,7 TIA, against s2,4S6,695 for the
previous year. Dividends were S1.329.
53o. an increase Of $48,O33 over 1916.
surplus was S918,1S1, compared with
S1,199, ,195 for year ago.
New-York tribune., 1918-02-15
WALL STREET OFFICE;
Mills Building. IL Broad Sc.

Reports Of the Union Pacific and
Southern Pacific systems for De-
cember and the twelve months end
ed December 81 strongly suggest
that the carriers in the Western
district were not in such dire straits
as they pretended to bo when the
question of rate revision was up for
consideration last fall. For the
month the Union Pacific not only
had large increase in gross, but
an actual decrease in the operating
ratio. In spite of a heavy increase
in tax accruals, the result was an
gain in operating income amount
ing to $4,000, or more than ga
per cent. For the year oper-
ating income was $2,115,O00 be-
low that for 1916, but with that ex-
ception the largest ever reported.
The Southern Pacific statement was
even moro favorable. Operating
revenues for the year increased
moro than $2o,oOO,ooO, and the oper-
ating ratio fell from about 63 per
cent to 62.2 per cent Taxes jumped
from s8,269,o0o to $13,792,o0o, but
net operating income was neverthe-
less nearly $11,o00,ooo greater than
in the previous record year. Action
of the Union Pacific directors in
placing the stock on a regular 10
per cent dividend basis, insteads of
declaring dividends at the rate of 8
per cent and extras of 2 per cent,
was accepted in Wall Street as
vote Of confidence in the future of
railroads under government opera
ton.
New-York tribune., 1918-02-15
Relevant Comment
Leading Railroad Shares Rally

Announcement yesterday that the
Union Pacific directors had placed the
common stock on a regular 10 per cent
Annual basis by declaring a quarterly
dividend of 2is per cent, instead of the
customary 2 per cent and u of ne-
cent extra, was followed by a substan-
tlal rise throughout the entire railroad
list. The bullish enthusiasm thus en-
rendered also impaired stronger ten
cency to the industrials, with the re-
suit that the stock market, which had
been sluggish, with a downward ten
dency IN the morning trading, turned
strong for the afternoon. Earlier
losses in the majority of instances
we're more than made UP, and in some
cases the closing prices recorded gains
.I %. from to more than 3 points. Among
INC more notable advances in the
railroad stocks were st. Paul, 1s; Le-
flgh Valley, N; Norfolk e. Western.
y; Reading. II. and Southern Pa,
New-York tribune., 1918-02-15
alth s
ply at 31a per cent. Discount rates for
short bills wcrc 4 1-32 per cent and
for three months bills lie per cent.
Dollar in Foreign Exchange

Exchange on Switzerland displayed a
somewhat frmer tone yesterday at
4.4S1a. The rest Of the market was
unchanged. Italian exchange made no
response to the announcement that the
United States Treasury has advanced
another $50,O0O,00O credit to the Ital
ian government, making $3.50, 100000 to
date?
Closing rates yesterday, compared
with q week ago, arc given in the table
below. American bankers have sus
pended all dealings in German and Aus
trian exchange, SO that daily quotations
for either marks or kroncn arc no
longer available,
New-York tribune., 1918-02-15

An interesting test was recently
made by man prominent in the
field of agricultural economics, and
with striking results. To large
number of business and profession
al men and others he put such ques-
tions as this: "If the government
had lowered the price of potatoes
last winter, would you have eaten
more Of them?" Almost without ex-
ception, the answer was eyes"
Asked why low food prices would be
desirable, nearly all replied, in sub
stance, $50 that we can have moro
to eat" The conclusion is obvious,
but important; namely, that the de-
mand for low prices is a form of
protest against being forced to save.
"The ordinary consumer" says Pro-
fessor G. F. Warren, who conducted
the investigation, thinks of price
control as chance to have more. 1t
makes a shortage look like plenty.
For ages cheapness and abundance
have been synonymous. The public
has not worried itself about which
was the cause and which the effect.
It has, therefore, been all too easy
to fall into the error Of assuming
that the control Of prices will make
food cheap and, therefore. abun.
dant."
There are others who favor regu-
lahon, as, for instance, industrial
interests, who believe that If food
prices are kept down wages will not
rise, and social workers, who want
cheap food to help the poor, but
mainly the demand for price fixing
comes from the consumer. And be-
cause there are more consumers
than producers, their desires are
apt to outweigh economic considera-
tions in the eyes of the legislative
bodies. Unfortunately any attempt
to repeal the law Of supply and de-
mand for the benefit Of the con-
sumer necessarily operates against
the producer. "When the consumer
is in power" Professor Warren OBJ
serves, "the goose that lays the
golden egg is in DANGER" for low
prices not only "tend to reduce pro-
duction, but they tend to reduce the
present supply. If prices Of corn
and feed are fixed horses will be
fed more literally, and there will
be less feed for other kinds Of live.
stock"
The objections to price fixing, this
economist asserts, are not based on
a desire to allow the farmer great
er profits, but on the fact that such
control stimulates consumption and
reduces production. "There is
every expectation" he continues,
Chat America will be called upon
for much larger exports this year.
Our primary problem is production;
price is secondary. So far as agi-
tation for reduced prices is success
full, it reduces production and de-
feats its own aim" One trouble is
that the consumer thinks of the
current price only as applying to
available supplies, but the price now
is the farmers guide for next years
production.
eve need to prevent all waste of
food" says Professor Warren; ITO