davidaulloa/AmericanStories huggingface dataset:
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-12-15
BY FRANK II. SIMONDS
News Times and Associated News
papers War Expert

has always led the world and apart nom KHohencr.
he can have no rival
OF Auenby a the well 20
in the east He commanded cavalry brigade tbs
Mons campaign He held the Messtnes Ridge with q
thin facade OF horsemen in the critical days Of Ypro
before the French aid After thet he command
the Battle Arras which he took Viuy Ridge
cleared Arras ana pushed down into the Flanders
Plain The OF the spring great
est achievement OF the British tho up thRr
time
Later. when the British commander IN Eeypt failed
at GAIA and the Palestine campaign in lanse.-
Alenby went He restored the situation and pres
emily the world heard Of him i'm Jerusalem. This was
a Of light in a dark period. AlIerly's grea-
triumph 10 come when last september he crushed
Turkish armies IN Samaria captured tho bulk or
their forces and made the surrender the Turk
evtable. This OF the most complete victories
history. resulted IN the clearing Palestine
Syria the fall OF Damascus Aleppo and Beirut and the
elimination of Turkey from The 70 viii stand side
with DEsperey's success Macedonia.
the same moment and resulting iu The surrender OF
Bulgaria.
such, brief. the roster Of she more conspicuous
British generals who finished the war commanding arr
mics still holding the confidence OF their nation
and the loyalty OF their troops Their place rltah
and imperial history is assured and believe they will
rather than lose time removes certain misap-
achievements. III remains TODAY word OF the armies
which they commanded. In certain things the British
army was easily nrst SURPASSED its allies and its
enemies air service British mastery of the
Of the essential and potent elements u ultimate
victory.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-12-15
TANK AN IMPORTANT
ELEMENT IN VICTORY.

Again without the tank which was British con-
tribuuon the campaign OF 1918 mish have finished &c
the Hindenburg line. if. indeed, had not closed
TO the positions held 10y the Germans the
summer The French borrowed the idea and elaoo-
upon but credit the invention belonLs
TO the British. just as TO Byng goes the very great
praise due TO the who first the possibilities az
the instrument and turned them 10 account 81
First Cambria
1t is unqueStionably true that the British army suf-
by comparison with the French German
nies throughout the It did not suffer more than
our young armies would have Suffered had they come
on the held while the German was suu what he was
1917. IN March and April May she
year. But sl comparison between French and
British armies Is nanfestly unfair, comparison Wh
German army IS unfair. II there is
be comparison il be between the French army
and the British fleet. France Put reliance
upon her army and concentrated upon u her best ef
fort Britain did likewise with her fleet And surely
such comparison will not be the disadvantage OF tae
British
AS to the British army the great thing ali have
remember is that IL created after the began
and after the best Of the officers and OF the Brit
regular army had been. the main, killed tho
opening battles 1t thus deprived of exactly tlls
elements that it most needed for its own uainins.
the face OF these handicaps. in the face o. tHe
still further obstacle due the that the enemy
in the field and that he had to be held, task
curing all that left british and regulars
demanding troops before they
tally trained, the British managed 10 build grea
army. without which victory impossible. Na-
poeOn found, when the he had inherited from
the wars OF the Revolution were gone ne could nor
victories Of the which had the
earlier campaigns. But he never had TO improvise tu
army or a system The British had do both
1t always impossible four years TO fashion
instrument perfect as that built 10y the Germans
the result Of fuu century OF patient and uninter
rupted also misunderstood the facts I'm the
early period war when the greatness of the
comparisons. But is not hy comparison that can
fairly the British achievement in their army
building. They started with next nothing when tho
structures Of their allies and enemies were practically
complete.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-12-15
BRITISH GENERALS
BUTT GREAT AMY

Win all their handicaps with all tho limitations ina
posed BY the situation, they built great army
quently victorious sometimes defeated suffering the
disappointments which came 10 Grants army
IN 1854 after had last become convinced OF is
equally blind 70 certain truths but gaining iu power
efficiency up the hour # broke the
lines Of the enemy manned by the best OF the
vivng troops OF the foe began march yIctors
which only halted by the white flag or the Kalses
think the fair measure Of British military achieve
Tnent a between Britain done and
what military men, Germans for example believed she
could four years when ,he Kaiser challenged
England well a France and Russia. And nothing
is more certain than that, had the Germans conpra
hended that the British would play Tho role 10
has played. they would never have risked British en-
trance into the struggle You set the fa measure II
German aulazement I'm all the official German CONF
British operations from the First Som1na
onward For them British. despite manifest ard
recognized limitations, steadily doing the rpos-
sibe.
We see things far more calmly nov, than fin the
heat OF the terrible years that have gone rs.
parsons which inevitable then once
meaningless and ineQutable The VIII see
clearly Il wiz perceive that Britain trans
formed civilian population into vast military force
kept the field held the aeu anu wei
trained foe when It still lacking in training and
machinery and finally shared In the complete tr-
umph to which Americans only Just beginning 20
perhaps there is TO better summary or nat the
British army achieved than Is supplied the bsld
that the British army occupied Aug
81 1914. and reOccupied IL Nov 10. 1918 In the
time that separates the dates the German army
out It broke itself against British and French
defense and Incapable OF meeting French Brit
ish and American attack. And all the time from
Frenchs retreat Hag@s last advance British military
contribution the otal of Allied resources lr-
creased steadily 7 think shall day have the
final measure OF British mutarr achievement when
archives OF the Great General stan Berlin are
thrown open and able 20 see exactly what Brit
ish military contribution estimated by these who
Hardly needs praise. and. being British. viii unGues-
tso1ably ressua -
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-12-15

CONTINUED 0S RAsa Ewo2
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-12-15
PLUNER - FIRST
AMONG SUBORDINATl-S

y Haiee suUorolnatcs I suppose common consent
would PIumcr the place His army held
ie old Tpres salient an the time for the close OF the
Battle 1918 the moment when broke all
fh. re~t-efnirs barriers and swept down into the
FLANDERS plain October insurns tile recovery or
Lille the liberation the Belgian ssacoast At al
New-York tribune., 1918-05-13

than usual, the purchases of bills by
that institution increasing more than
S5O,O00,OC0 last week. Renewal of
activity in the stock market imposed
greater burden upon the call
money market. The scarcity Of funds
tor time commitments continued last
week and will continue until the
banks alter their present policy Of
confining their operations to call
loans in order to keep their funds
fluid. Bank acceptances found a
reay market with local and interior
institutions, which are finding this
form of investment, particularly the
bills eligible for rediscount, increas-
ingly attractive. Taking the money
market as a whole there is little like
lihood of any important easing in the
situation for many weeks to come.
Heavy demands will have to be met
between now and midsummer, in
Guiding large interest disbursements,
the Federal taxes and payments on
Liberty Loan accounts.
New-York tribune., 1918-05-13
Domestic Dyes Satisfactory
Trade Authority Says They
Are as Good as German
prod,,c+e
Products

Writing to The Tribune, the editor
of "The American Wool and Cotton Re-
porter" Of Boston, says:
"At time when the nerves of the
nation are strained and when domestic
producers as compared with foreign
should be given all credit for their
ability and progressiveness, it is al
most calamity that those in the re-
tail trade adopt a policy which in sub
stance amounts to lack Of patriotism or
something very near it. While such
policy may sometimes be based upon
very few instances of this kind, most
of them being due to lack of informa-
ton. We refer to the quite general
practice in retail establishments of
stating to consumers that fabric colors
cannot be guaranteed and that the dyes
are less fast than they were previous
to the war, when German-made dye
stuffs were available, producing in the
mind of the consumer an idea which
will work to the disadvantage of Amer
i|eii-i'ooc uyeS anu W Cne advantage OF
the German made article. Any intell-
gent person knows that it will be
easier for the German dyestuff trade
to become reestablished if there is
general belief that such dyes are more
desirable than those of American
origin.
"The facts have been stated often
enough, SO that it should be unneccs-
sary to reiterate them. There is no
difference in the dyes. Dyestuffs are
result of certain chemical processes,
and when these processes are handled
as they should be-and this is only a
matter of experience the resulting
products are certain to be identical.
What we want to emphasize is the fact
that the so-ca lied American dyes are
will be the same after the war termi-
mates, except for dyes which one coun-
try does not make and the other does;
there should be no difference. tech
nically or practically.
very few have ever mentioned the
fact that dyestuffs to large extent are
only relatively fast OH any fabric. One
prominent dyestuff producer who has
done great deal to foster the manu-
facture of American dyes, states that
American dyes are just as poor and
unsatisfactory rs the German dives.
and vice versa The time will come
when improvements will be noted which
will 6etract from the foregoing state
ments, but there is no justification for
the incorrect information which most
retailers are handing out. The sooner
they wake up and realize that condi-
tions have changed the better it will be
for themselves and for the domestic
dyestuff industry, and for every one
else in the country
New-York tribune., 1918-05-13

and December Is, 1917. The fact that
there has been a rise of the general
price level is incontestable. Indeed, it
has recently become the subject of gen.
eral observation and comment. There is
however, difference of opinion as to
the precise degree of influence to be
attributed to the several factors which
have produced the result. The entire
world is passing through a period of
profound economic disturbance. In
many Of the richest producing coun-
tries large part Of the able-bodied
population has been withdrawn from
productive employment for service in
the army. Industry has suffered much
dislocation and disorganization. Over
seas trade has been suspended or in
terrupted. There have been much de-
struction of industrial capital and an
enormous consumption of products by
the armies. Inevitably, such a condi-
ton, involving either an absolute or
: relative shortage of many primary ma
terals and necessaries, must have ad-
vanced values and prices to very ap-
preciable extent, even had there been
no considerable change in the volume
of credit and currency.
In thus stating the influence upon
prices of unprecedented industrial con-
ditions the board would not, however,
convey the impression that it does not
appreciate to its full Importance the
effect on recent price movements of
the rapid and abnormal growth of the
volume of credit created by all the
warning nations. Indeed, so alive is
the board to the dangers that attend
this phenomenon that it regards it as
one of its most important duties TO
prevent, as far as practicable. eXpan-
sion OF banking credit from running
an uncontrolled course.
CurtaiIiag Nom Essentials
Banking expansion, it may be ad-
mltted, is an unavoidable incident of
war finance, but every effort should
nevertheless be made to counteract it
as far as possible by limiting banking
credit not clearly needed for the pur-
pose of producing or carrying goods
necessary for the life of a nation at
war Goods and credit must be saved
to the utmost of our ability in order
to check the upward movement of
prices and in order to free for the use
of the government the goods and saw
ings required for the winning of the
war.
To encourage and to foster necessary
business and to discourage and curtail
unnecessary business must be our ma
tional cndeavor, and will require the
intelligent and Jealous cooperation of
the banking community. The problem
of exercising an effective and proper
control over credit involved in the
public offering of securities does not
present great difficulty. An effective
and proper control over individual
credits no doubt offers greater, though
not insurmountable, difficulties. How
to accomplish these results without
bringing about unnecessary hardship
or acute disturbance or injustice is a
matter that will receive the close study
and attention of the Federal Reserve
Board
New-York tribune., 1918-05-13
Swiss Government
Fixes Price for Cattle

The Economic Department of the
Swiss federal government has by de-
cree fixed the maximum price at which
farmers may sell cattle for slaughter,
as we'll as the prices at which various
qualities of butchers meat may be re-
tailed. Farmers may demand no more
than 23 cents a pound for first class
fat beef cattle. If such cattle are SOLD
by the head there must be no evasion
to- escape the maximum price. The
price applies to cattle sold on the
farm. If sold in city or other dis
tant market cost Of transportation NAV
be added.
With the exception of sirloin and
filet cuts, retailers NAV ask no more
than 40 cents a pound for beef The
weight of bone must not exceed Is
per cent Of the total weight sod.-
Commerce Reports.
New-York tribune., 1918-05-13
49,
FINANCIAL MEETINGS
THE NEW YORK AIn u.px-..
RAILROAD C0MpA ~ sA<xsn

New York. n. Y. April ae ,a,,
NOTICE is HEREBY GIVEN nasis.
Easa.y.sishth s.san Annual Meeting Of shs the
ss,oeknoioess sss' pa,.1 o. The New York and rlar.
Directors and the transaction Of .neh ~
other business as may be brought befors
the company. In Grand Central rermsns}s %
n the City OF New York. on Tuesday ~:
2tst day OF May. 1915 '"e
Tho Poll Will be open At l2 O'clock Ma.
after. 'ne'e'
The Transfer Books will be closed n.
o'clock +. NJ. on Wednesday, the Ia. dav
of May. 1918. and re-opened on tho morn.
,ng OF Wednesday. the 22nd day 81 May.
DWIGHT W. pARDEE. seere,.rv
New-York tribune., 1918-05-13
Stocks

NEW YORK STOCK EXCHANGE
TRANSACTIONS
Rail- Other All
roads. stocks. stocks.
Last week. .745, 800 4,439, 900 5,185. 100
Week before 224,0 1923, 800 2.153. 800
Year ago.. .594, 300 2,336, 900 2,931 700
January I to date:
1918. s,e5s,ooo 4o,s31 200 4e.5so 200
1917. .8.o63,90o 60,651 800 es,715,2oo
1916. .8,25o,500 56,243, 200 64.494. goo
New-York tribune., 1918-05-13
U. S. Gold Coin Legal
Tender in Wesfern Mexico

MEXICO CITY, May 1o.--The Mexi.
can Cabinet has approved law maxine
American gold coins legal tender IN the
states of Sonora and Sinaloa, in West.
ern Mexico. The law will be in effect
untii the government can resume oper-
ataoas at the old mint at Sinaloa.
New-York tribune., 1918-05-13

Finance Economics
WALL STREET Teenhono.
10 o1oau

Conditions in the security markets
underwent remarkable change last
week. Without any important de-
velopment in the news having
direct bearing on prices both stocks
and bonds took on a tone Of pro-
nounced and sustained strength,
which in the case of the former re-
suited in striking advance that
carried many of the leading specula-
tive shares to new high prices for
the year. The rise in prices was
accompanied by great broadening
of activity in the stock market,
where on two days transactions ex.
ceeded the million dollar mark for
the first time since early in the year.
Speculative interest centred in the
industrial share list, being particu-
larly concentrated on the common
stock Of the United States Steel Cor
poration, which, under the pressure
of heavy buying, rose from 971a to
1O9B, thereby being established at
the highest price since early last fall
Other industrial stocks, while not
registering such an extreme advance
on the weeks trading, nevertheless
displayed strong tone, and gains
of several points were the rule rath-
er than the exception, principally in
the minor steel shares, the railway
equipment issues and specialties.
One of the outstanding features of
the weeks market operations was the
character of the buying and it's huge
volume. Professional operators, who
have been making the market in
stocks for many weeks, undoubtedly
played leading part in the trading
in the forepart of the week, but in
the latter part of the period there
were important signs of public par
ticipation on an active scale. Wheth-
er this is the forerunner of broad
er outside participation in the mar
ket remains, of course, to be seen.
It is interesting, however, that the
closing of the third Liberty Loan
campaign and the apparent break
down of the great German offensive
should be followed by the first real
evidence of public interest in corpo-
rate securities since the liquidating
market of the closing months of last
year. The ease with which prices
have advanced during the past week
has testified strongly to the small
floating supply of stocks, a fact
which has been commented upon for
many weeks as demonstrating a
strong technical position. In view
of the extent of the rise of last week,
however, it is a question now how
much further prices can carry be-
fore the market position will be i'm
paired, for there is always the dam
ger of sustained rise in market
values, building up a top-heavy mar
ket structure extremely vulnerable to
unfavorable news.
New-York tribune., 1918-05-13

Heavy transfers of funds were ac.
complished in the local money market
last week in connection with govern
ment financing without causing undue
strain. Indeed, the manner in which
the market met the extraordinary
demands made upon it's resources
was gratifying to the financial COM
munity and spoke highly of the able
control exercised over the situation
by the bankers in whose charge the
task OF stabilizing rates was placed
Although the transactions between
the banks and the government on one
day last week probably exceeded
S5oo,ooo,ooo in the aggregate, money
was fairly plentiful and the call loan
market was held at the per cent
level, with some business being done
under that figure. The banks availed
themselves of the rediscount privilege
with the Federal Reserve Bank of
New York on q somewhat larger scale
New-York tribune., 1918-05-13
rExAs PACIFIC COAL AND OIL COM.

'AAAs PACIFIC COAL AND OIL COM.
PANY
'iorneriy Texas 4 Pacific Coal COMPANY,
8. ona anc onorease OF the capital stock from
,ee annual meeting of stockholders heId
,sr, an,il Len. 1918, and has just been an
p'Tvea rs ny the Capital Issues Committee
'ne directors have determined to offer
=. lev new STOCK pro rata to the stockholders
-, recosn at the close OF business on Nav
soss s'' ~ r'is. Tor subscription at par, payable
OF or before September 3oth. lsIs. S8'
warrants viii be mailed an soon n. ro
sibie after May 18th. 90 'oo" as pos
EDGAR l.. MARsTON. President
New-York tribune., 1918-05-13
Curb Market

Note.-The Tribune assumes no RESPONSE
bility for the accuracy or authenticity of curb
market quotations. Transactions and prices
for the week ended May IL were reported "a
follows:
New-York tribune., 1918-05-13
Mining

Sales. High Low. Last. che
400 *fAmerican NJ. 81 So 81
$1,000 sTAtlanta . 9N2 SIa SNx- "a
1900 aurora Sill M. 81, 5L4 5ha+ y
19S00 Big Ledge Cop 70 "a Ia Il
100000 +Boston Mont 60 So 81 -
.5::: g: &: s::;:$ ;:::si:'F e. ( f.
HOO 'TCaledonia M. 43 ~ Al II
$500 sCalumet & Jer IA i III h
1900 Canada Copper ia 1ss IA -
10400 fCashboy 49,. 10 9I1 10 + "a
$500 +Cerbat M NJ I "a 70
1000 Ccrro Gordo M ! 7s = u
1850 sCoco Riv Min. PA 2 2M -
g; 81: 81 =: e ST. H. Z 5g Et
700 $Cons Homestd. ys "a H+ II
500 Cooper Val. -. 134 ~ rs -
s5ss sj$: s;;::H FL 8; Ss: s;:; :
S49S5 Emma Cop. " Il h -
10000 Eureka Gro M ID ~ VT h
1900 'Globe Dom C. 5a = 4
1850 sGolden Rule M VI " -
f5SS fsS$ s5$ss'' :Sssss siss Sssfsr sN y
,25$$ ?$$ ?5$$ s;;s :S;5;' S;s; ~. &:s Il, e
$500 sssS :lsF'Ts :5ss Pre-, ys5ss css i 4 s-n
22Sgo .5Jim Butler. "a 81 "a to
$500 $500 .Joseyig-Ken "a IL o%+ -
1900 800 LA @eTsons Ieona sii "a :. ~
1000 La Rose Con. X "a x- u
24!25 .Lampa4os Sill. tis ~ 1A z
1000 -fLone Star c.
;s$$ sSsss s:sss 5s:s'ss, sss ss: s::
1900 900 srMarsh Min. s5s s, ss.xn .
Ss9SS lslSSc 'MSosssr Mosssr faisf nss So s 4s 4s
o0S00 *fNat Leasing. S
10000 'iNat Zinc & l. 27 rs 27 -
1000 sfNev Ophir NJ. 10 fS t8
440o 'tNcvada Rand 22 20 q
2oo 200 I;s;,e sMew cornelia- Y az IL q. Z =. -
5loo fNixon Nevada So 50 rs -
1900 i9ss :9nses.ss :9n's ssT Mini in sss sa At
15oo 1929 tP tProvineial Min So 81 ss u
3loo .Red Warrior NJ e NJ y
5000 REX Con Min. 10 9N+
1900 Rochester Min - 20 a g..
1900 Seneca Cop Cp. 1o34 12.z 12Z+ Es
$50 $50 sfSsr'iS slSsr Sies eseses ss ]. z j
1000 sfSilver Pick 3E SEr- Fs
200 .fSil PiumeCon "a 7s 7s,,
$500 sSii Fissure Sill. - q
1000 Stand Sill Lead. is ~ ,sT
5000 iSuccess Mining I've IA *
roo Superior Copper 3 3 5.
100 Tonopah Belm 3.s 81 33if
3l10 Tonorah Exten 1ls 1sa ~
1000 Tri-Bullion -. Va Is n
10000 sfTroy-Arizona 20 10 20 r.
1910 United Eastern 4Is 334 SET
800 'sU S Zc & Id 81 % 90, ~
500 'Un Verde Ex. 40te 1884 4O3ST q
$500 Unity Gold -. 51s 5
1000 West End Con 81 30 81
l2200 White Cap Min II q .0T !"
$500 fWh Caps Ext. 6Ea 6Ye :,
100 Yukon Gold NJ. 1s W M
New-York tribune., 1918-05-13
Bonds

Sales 1000 omitted). Open. High. Lev. enss
s44 .AmT&T Iy SIS wi ess4 ssas ssss -
81 Beth st 5s ~ n. 98 sIts se "a u
159 Gan Govt 5s.... 81 e6t4 sos4 =
Il 'Con Arin SIN IS. 81 % .l a..
IS 'do So 2y H.. ,0oI 1ool3 10OsS e
ii sPhil Elec es W 9oIs 1924 - =
32 sProc & G Is rs. foo2z ioot1 !evss< w.
Z edo rs 1920. fott4 toi l0sssT- 81
.do q 1929. to2 to1s W ~
.WinehIsA ~ 1 Iis : ! is ssai ~ ~
sUnihtsd. fEelI eentk ~ s
New-York tribune., 1918-05-13
Other Oil Stock.

Sales. High. Low. Last eSss
sa7cc s7SS Am .A1e1 Vent o's o. O. =. ~ u 81 sN35
14300 Barnett o & G I, Y, Y,
$4,000 Bos-Wyo OIL. "a q %
4425 *Cosden Oil o.. 7 6A r u
800 *do pf ...... 3Ia 33a 3ys1 z
600 sDixie Gas -. 1924 1914 1o3&+ 4
1900 %Elk Basin Pet 6sa 6 6H+
200 sElkld o & G. Is u "a --~
$4,000 'Esmer Oil Co. IA II IL -
$500 *Federal Oil :. 3 pa 21A
$500 +Glenrock OIL. 4ss 3k
5000 *Hanover o & G 5Is 3za All s
1900 @Houston Oil ais AZ 4sM+ vi
$500 .Isld Oil & Tr. 81 szs 81 s1s 1T /
slSS9 1sSo !Kinney KsnSSs Oh oil !. !: y (
1870 .MsrEitt Oil {. 2sE 1sE 22;+ yp
1900 sS sMidwest nj wes Oil. 1906 ss IS los
1888 1899 .M;daest 1do pf Re, 7oa IL ,os s ,os "
SSSe SSSe N .Mqsrs! CHINO w Pct g. "a q W
1880 800 Northwest . eaia OIL. IL. ss 5"
$1,000 600 oklahoma Oil. 4, 9, ssya -
300 Okla P & R: ess s7k e -
5000 Okmugee & 8 73s NJ "
$500 Omar Oil &. G 25 22 23
200 'Pan-Amer Pet so 48 80 Fl
1000 *Queen Oil -. 25 22 IS Ia
$500 Rice Oil 80. - X VI -
1000 "Royal Oil -. "a 81 81 Y
1880 fSapulpa 0 r 834 8i4 SAL y
l50 Savoy Oil go. 8 8 8 - g
10000 Sequoyah o E. r u N B- 4
5000 'Stanton Oil 2 134 Ia 70
200 stockton Oil. 10 10 10
10000 *f'Texana O & r 13k 81 1N+ Y
$4,000 Tuxpam 80. 5 4 - Y,
1000 sUnited West o = x A+ \
100 Edo new -. 1,s IA fM -
5000 Vic Oil new. 4X 4M+ v