davidaulloa/AmericanStories huggingface dataset:
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-05-03
DEMAND NEW
INVESTIGATION
Of AIRCRAF
Charges of Intimidation and
Irregularities in Program
Brought to Senate With
Prosecution Demands.

WASHINGTON. May 3.-Charges
and limitations Of Irregularities in
connection with the aircraft pro-
gram which have been published
and discussed in capitol cloak rooms
for some time We're brought 10 the
floor OF the senate today with de-
mands for a new Investigation with
a view 10 criminal prosecution.
During the debate several mem
bers OF the military comm ttee. de
clared in favor OF reOpening the in
qhiry recently concluded by the
committee. but Sen. Hitchcock OF
Nebraska, acting chairman, said the
committee was without power to
deal with criminal prosecutions and
that the department Of justice
should handle that phase OF the
matter. Later committeeman con-
ferred with Gutzon Borglum. the
sculptor, who made a report 20 the
president on the aircraft program,
and II was said that whether the
committee would act depended up
on information TO be submitted by
Mr.. BOrglum within the next few
days
Sen. Hitchcock, dwelling upon al
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-05-03
WILL PUBLISH
ADDRESSES IN
CASUALTY LISTS
War Department Will Now
Resume Publication of
Home Addresses in
Casualty Lists.

WASHINGTON, May 3.-The war
department today resumes publ
cation of the home addresses of
men reported on the casualty lists
from France. Orders TO that effect
have been issued and the list given
out this morning was in the old
form followed prior to Sec'y Bakers
instructions sent from France early
in April.
This acton means that il has
been determined that any military
information the enemy might gain
from the lists would not be OF suf-
ficieEt value to justify the added
anxiety among the relatives Of SOL
diers, occasioned by suppressing this
aid to positive Identification.
Controversy Ended.
1t ends the controversy that was
waged in congress for a time which
caused an open rupture of friendly
relations between the war depart
ment and the committee on public
information, and which Pres't Will
son himself was called upon to take
a hand in settling.
When the department began is
suing casualty lists without address
es the committee on public infor-
nation refused to handle them on
the ground that they were Of no
news value in that form. Since
then the lists have been made pub
lie by the adjutant generals office
direct. Army officers are inclined
now to continue with the present
arrangement, holding that the COM
mittee went wholly out of its proper
field in refusing to handle the limit
ed lists.
Addresses Tell Nothing.
The department is now said to be
convinced that the addresses can
furnish no information to the en-
envy even if means TO communicate
them TO Germany exists, and that
ever the total number of casualties
in any list tells nothing The names
are forwarded by Gen. Pershing in
such form as to disguise completely
the time and place where the losses
reported were suffered. The de-
partment will continue to omit the
names of regiments or other units
to which the men were attached.
this being regarded as OF possible
military value.
The question of publishing ad-
dresses with casualties is known to
have been fully discussed with Gen.
Pershing. but there was no infor-
nation available TO show whether
he had been overrEled in the
order to resume the old prac-
tice. If he has been overruled, il Is
the first time since he was sent over
to command American forces in
France that ne has not been sus-
tanned by the war department and
many officers think he probably ap-
proved the change when he was
fully informed as TO the situation
at home.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-05-03
HOLLAND WOULD RESUME
EAST INDIES TRAFFIC
WITH UNITED STATES

#. AMSTERDAM, May 3.-Telegrams
were dispatched by the chamber Of
OF commerce of Amsterdam today TO
the Dutch ministers Of colonies and
foreign affairs. urgently requesting
that traffic between the Dutch
East Indies and the United States
be resumed Immediately. The min
lister OF colonies replied that in
structions had been sent Wednesday
TO the governor-general OF the East
Indies 70 the effect that traffic in
the direction OF America now may
be resumed. The request of the
chamber OF commerce was made on
the ground that the denominations
OF colonial products were assuming
unmanageable proportions with
consequent deterioration. especially
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-05-03
NOT GOOD CITIZEN
UNLESS HELPING WAR

BOSTON. Mass. May NO man
is good citizen at this time. unless
in some way he is helping in the
war. declared Col Theodore Roose-
welt during a liberty address here
tonight. in which he urged his aud
itors 10 put their dollars back Of
the rifles az the front" and make
the people" and the bond hold
ers" interchangeable terms.
The American soldiers overseas
at this moment have made all
Americans forever their debtors. d"
said the speaker. They are the
Americans. who OF all our people
are most deserving OF honor. The
first duty Of the rest OF US is 20
back up the men by doing what
ever. at any given time, is neces-
sary TO aid them. Do the thing
that is next-and do it now, and
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-05-03
Soldiers Burned
to Death When
Balloon Explodes

OMAHA. Sch. May 1.-Two sol
diers were burned to death and is
men were burned seriously when
captive observation balloon Of the
CacpuOt type exploded last night at
Florence field. the army balloon
school lt Fort Omaha, near here.
according TO a statement by Col.
IL. B. Hersey, post commandant.
In the fire which followed the
explosion one of the balloon sheds
was badly damaged
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-05-03

legged misleading Of the public re-
garding aircraft production. told
the senate that the aircraft board
has been playing a gigantic conf
dence game on the whole country.
He declared the liberty motor In
fact is nothing but the Packard
motor improved. and that the gov
eminent is contemplating paying
the Packard company between
100000 and 100000 for its in
terests
Should Fix Responsibility.
Sen. King OF Utah said he would
introduce "A resolution for an inves-
LEGATION If the military committee
did not act. declaring personal re-
sponsibility for the failure" Of
aircraft production should be fixed
Others urging further and thor
Ough investigation were Sen. Bran
degee OF Connecticut, who recently
asked the committee 10 investigate
alleged "pocketing' OF the Borglum.
report TO Pres't Wilson; Sen. Knox
Of Pennsylvania. and Sens. Beck
ham Of Kentucky, Thomas OF Colo
RADIO. New Of Indiana, and Kirby OF
Arkansas. military committee mem
bers.
Upon hearing of the senate dis
cussion. Atty. Gen. Gregory stated
the department Of justice would be
glad 10 investigate the entire air
craft production situation under re-
quest by the president or congress.
He also said the department would
welcome any complaints Of specific
cases OF violation of law either by
extravagant use OF government
money or in connection with at
tempts TO obstruct the building pro-
gram and damage machines.
WadswOrth Flies Report.
While the debate in the senate
was in progress, Sen. Wadsworth OF
New York filed a report compiled
by an investigating committee OF
the Aeronautical Society OF America.
which charges that not more than
five per cent Of the facilities for
building aircraft had been utilized.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-05-03
FIND SUGAR AND FLOUR
IN PHYSICIANS OFFICE

INDIANAPOLIS. Ind. May g.
Five "A pound sacks of flour and
five % pound bags Of sugar. found
in th9 Office OF DR.. c. s. Bolender,
an indianapolis physician, were
colfscated this afternoon by depu-
ties from the office Of County Food
Stanley Wycoff. The
stated that the -four and
81 gar We're found hidden behind a
false partition in a closet Dr.
Bolender's Office is in his residence.
Mrs Bolender stated that the flour
and sugar were purchased more
than a year ago.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-05-03
TABLE FERNS

OF every kind-large and small In
size. Splendid in shape; can be Sc
Iected at Williams & Co. Florists
Always the best IN flowers for the
table decorations; flowers for the
sick. stock bouquets. corsage. and
flowers for the only girl" are here
in splendid assortment. 12s South
Michigan Street. Home phone s22T.
Bell phone 7Ss. -Advs
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-05-03
BRITISH MISSION ON
WAY TO BRAZIL SOON

RIO JANEIRO. Wednesday. May
1.-THE foreign office has been inz
formed by the British ambassador
that the arrival may be expected
shortly Of a British mission 70 Bra
I'll under Sir Maurice de Bunsen.
Sir Maurice has been for many
years in the British diplomatic SER
vice. He was ambassador at Wen
ma when the European war broke
out Previously he had been min
lister 10 Portugal and ambassador 20
Spain.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-05-03
POPE NAMES BISHOP HAYS.

ROME, May S.-Tne pope has
nominated the Rt Rev. Patrick
Hays. auxiliary bishop OF New
York. as bishop of the American
army at the front.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-05-03

in the supplies Of tobacco, tea and
rubber. while the difficulties Of
financing and insuring the cargoes,
it was added. were becoming we'll
nigh insupera BILE.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-05-03

the thing that is next at this mo
ment is 70 over-subscribe the third
Liberty loan"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-07
Labor Troubles
Cut Inspiration
Copper's Profits
Earns Only 1887 a Share
on Stock in 1917, Against
$17.45 the Year Before

Curtailment of production as re-
suit of labor troubles was reflected in
the annual report of the Inspiration
Consolidated Copper Company issued
yesterday. Sales for 1917 totalled S21,-
42,2l7, compared with spa, 49e,343 the
preceding year. Net income after OPP
Grating expenses, interest charges, de-.
probation and Federal taxes of $t,lS5,-
249, was SO 903 ,5SS, to which was add
ed Sl11,l44 of other income, making a
total net income OF Sl1,0s0,732. This
was equal to S9.37 share on 1,1s1.96
shares Of stock 1920 par valued compar-
ed with Sl745 a share earned in 1916.
Last years surplus, after payment of
S9,751,227 in dividends, was sl,329, sos,
against l2,001, i3S reported al the close
o; 1916.
The report stated that refined cop
per production IN 1917 amounted to
S0,566,9o2 pounds In 1917 l2O,772. 637
pounds were produced. Although the
fixing Of prices by the government be-
came effective before the close of the
year. the average price received for the
metal IN 1917 vas 1886 cents a pound,
compared with 1888 cents a pound the
previous year. c. +. Mills commented in
the report on last years operations as
follows:
'Production for the first half of the
year was l2.9 per cent above the aver
age for like number of months in
the previous year. Operations during
the latter part of the year were in
tcrrupted by 4 strike brought about ST.
nUltaneOusly in the first ten DAYS
OF July by agents OF the |. W. w. and
the international Union of Miners, Mill
and Smelter Workers. Work was re-
sumed in the mine August % and the
mill started September l.
"On October 20 the strike was de-
clared Off, we having at that date 96S
men in our employ, most of the draft
men and the other Americans having
previously returned to work. We al
ready had ample forces in all depart
mcnts except the mine. Owing to the
demands Of the draft and the inclina-
ton of men TO move from place to place
under the demands Of war work it has
been difficult to recruit our mine force
to the number employed during the
first part of the year.
Our ore output has gradually in
creased until 1t this time daily ton
mage is about normal The local in
crease in the cost of producing cop
per for the year as against the pre-
vious one has been due to the inter
ruption of the strike, increased prices
paid for labor and material, increased
state and county taxes, and to decreas
ed yield from the ore treated. The
ore yielded 22.46 pounds per ton il
1916 and 2039 pounds in 1917. Thi:
result was mainly due to the active
working of a new stope, which was
not in commission in 1915, yielding ore
OF satisfactory margin at presen
prices of copper, but OF lower grade
than the average. The percentage O
,. copper recovered from the ore by TIT
concentration vas practically the same a
last wear. which indicates slightly bet
ter work in view OF the lower grade
of ore treated"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-07
The Dollar in Foreign EXCHANGE

Demand sterling rates advanced
slightly last week as a result Of hot
ter mail facilities and also easier
money market conditions here. Lon
oon sight drafts sold toward the end
OF the week at s4751a. the highest
rate for this form of remittance in
months. Cable transfers remained I'M
changed at the fixed rate of S4767-16
Neutral exchanges continued to adj
vance, with Spanish pesetas being es-
tablished above 26 cents, new high
record. This brought the dollar to a
discount of about SO per cent in terms
OF Spanish currency, and there were
reports that the United States govern
ment may take steps to stabilize the
market for peseta exchange and restore
the dollar to an exchange value nearer
normal
Dutch guilders were also strong, ad.
vanclng above AZ cents. Italian ex
change rates were easier. The total
volume of business done in the local
foreign exchange market last week was
somewhat less than usual of late
If you calculate the cost of the dollar
in terms of foreign money at par value
that is, as ii you were buying dollars
with pounds, marks or francs-its
value at the close of last week, as COM
pared with year ago, would be about
as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-07
Business Active
Throughout Country
But Labor Shortage Is Trou-
blesome in Many Places,
SAYS Reserve Board

WASHINGTON, April g. - Good
spring weather has stimulated business
activities everywhere, and both COM
mercial and industrial conditions are
much improved, according to the Fed
eral Reserve Boards monthly review
to-day. Industries, particularly in the
East, though busy, still are hampered
somewhat by lack of adequate trans
poration and labor scarcity. Some dis
tricts, especially in the south Atlantic
states, complain of unsettled labor con-
ditons.
Bank clearings have increased in all
districts except Philadelphia, and
money rates are steady at 6 per cent.
By districts the report shows:
Boston - General business active;
labor scarce and we'll paid.
New York - Business good; bank
clearings slightly increased over last
year; skilled labor demand above sup
ply.
Observation-Disclosures good; wages
high.
Cleveland Unnecessary industries busy;
conditions unsettled.
Richm ond-Government building &C
tive.
Atlanta - Business above normal;
labor unsettled.
Chcago-Essential industries fully
employed; labor generally satisfied.
st. Louis-Business active; labor I'M
settled.
Minneapolis-B Business good; labor
conditions also good.
Kansas City-Business good; labor
conditions unsettled.
Dallas-Early revival Of building ex-
pected; labor scarce.
San Francisco-Business active; con-
struction 13 per cent less than year
ago; labor conditions unsettled, but i'm
proving.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-07
Rediscount Rates
Are Advanced by
Reserve Bank
REIMBURSEMENT May Result
in Higher Charge for
Carry Bonds

General upward readjustment of its
rediscount rates was announced yester
day by the Federal Reserve Bank of
New York as result of the 414 per
cent interest rate on the third Liberty
Loan. The bank also announced that it
would charge member institutions per
cent on loans secured by 90-day COM
nercial paper where borrowings are
made for period of ten days.
This marks a new departure in reds
counting at the local Federal Reserve
bank, and it is believed it will prove
popular during the Liberty Loan CAM
palgn, in view of the provision in the
war finance bill which obviates the
necessity of paying the stamp tax on
loans of this character. Other changes
announced yesterday were:
Flfteenday advances on both COM
mercial paper and Liberty loans now 4
per cent, instead of Il per cent; dis
counts on maturities running from Is
TO 80 days, Az per cent, instead of y
per cent, and on Liberty loans. "A per
cent. instead OF per cent; trade ac-
ceptances up to 90 days, now Az per
cent. instead of per cent; discounts
on agricultural paper over 80 days are
unchanged at per cent.
These higher rates for discounts and
advances became effective yesterday in
the case of New York City banks, while
IN the case of out-of-town banks they
become effective on receipt of the an
nouncement sent out by the Federal Re-
serve Bank last night.
The latest upward revision of the re-
discount rates is expected to have an
important bearing on the rates to be
charged by the member banks to their
customers for carrying Liberty bonds
At present the informal Arrangement is
that they will make advances for the
lirst ninety days at 4 u per cent, sub
sequent renewals being a matter of adj
justment between the individual banks
and their customers, with the PROBABLE
lty of higher rate. The fact that the
Federal Reserve Bank rate has now
paper may cause the member banks to
put up the initial rate one quarter of l
per cent.
Significance is also attached to the
change in the Reserve Bank rate for
three months paper, because of the ef-
feet it may have on the rate of interest
allowed by New York banks and trust
companies on their demand deposits
According to the recent Clearing House
amendment the banks and trust COM
panies agreed to pay an additional one
fourth of l per cent above 1 per cent
for every one-half of l per cent that
the Federal Reserve Bank advances its
rate above per cent. Heretofore, with
the bank rate at 4 Y per cent, this made
the deposit rate pa per cent, which
may rot be changed for the present, as
the Federal Reserve Bank rate has been
raised by less than half of l per cent.
When the second Liberty Loan cam
raign was under way the Federal Re-
serve Bank operated with discounts of
per cent for tifteen-day advances on
both commercial paper and Liberty
bonds, and discounts Of 4 per cent in
the case of commercial paper and y
per cent in the case of Liberty bonds
for discounts up TO ninety days, not
wlthstanding that the bonds bore in
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-07
Money and Credit

Surplus reserves of the Clearing
House banks decreased $16,751 ,4SO last
week, this item standing at S44, 647,64O,
according to the statement issued yes
terday. Loans and discounts decreased
SAB, 634 900, to s4,291 1927 900. A further
reduction in United States government
deposits was noted, the tota! falling
from 1921, $4,000 to 1928 ,9O3,0O0.
The Federal Reserve Bank of New
York carried new item in its weekly
statement, the liability column show
ing foreign accounts" of $72, 1927, 772.
While no statement was made explain
ing the meaning of the item, it was
understood to represent certain for
eign government funds held tempo
rarily by the local reserve institution
Rediscount operations of the reserve
bank decreased from $378,S03,594 to
362,255,63 last week. Gold in the
vaults Of the bank was reduced by $5,-
100000.
The actual condition Of member
banks shown by the Clearing House
statement yesterday follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-07
Railroads Ordering Bridges

The railroads are said to be placing
moderate sized orders for shop equip
ment, bridges and other structural
work in addition to the contracts which
are being directly placed by the gov
ernment. The Chesapeake e. Ohio, it
is reported, is asking for bids on two
bridges requiring 1,400 tons of steel
and the Minneapolis. st. Paul g. Sault
Ste. Marie has placed several orders
for deck plate and plate girder bridges
with western shops. In the first quar-
ter Of this year it is estimated that car
builders have received orders for 10000
railroad cars calling fer approximately
100000 tons Of structural steel.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-07
Corporate Returns

Otis Elevator Company.-The annual
report for the year ended December 81.
1917, shows net earnings of $1,7SS.577,
compared with S1,O3B,588 for the pre-
cedlng year
American Graphophone.-Th COM
pany's annual statement for the year
ended December 81 last shows a net
income Of S634,195, compared with ST.
373,599 for the year before.
Hudson & Manhattan Railroad Com
pany.-Net income for the year ended
December 81, 1917, amounted 10 ST.
S54,381, compared with s2,S77.537 for
the previous year. After s685,OO re-
serve and S2,167,53 interest on the
New York & New Jersey 5s. first mort
gage 4l2s and first lien and refundng
SIS a balance remained of 81 SAT avail
able for the adjustment income mort
gage bonds, compared with 1892, 1875 for
1916.
Manhattan Electrical Supply Com
pany.-A total surplus of $7S6,355 was
reported for the year ended December
81, 1917. compared with S411, 637 for
the preceding year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-07
National Lead Declines

National Leads response on the
Stock Exchange yesterday to the publ
cntion Of the company's annual report
was a net decline Of ia points on a
turnover Of only 200 shares. The weak
ness in this ISSUE in sharp contrast to
the strength in the rest Of the market
caused considerable comment in brok-
crage offices particularly in view of
the fact that record earnings were re-
ported. The decline may have been
caused by the remarks Of President
Cornish, who poinHd out that trade
conditions are not particularly en-
c0urapinP.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-07
Other Cities

Many State Banks in Reserve System.
-WASIIINGTON, April 6.--Thc Fed
eral Reserve Board announced to-day
that $50 state banks or trust companies
have been admitted to membership in
the Federal Reserve system. Their to-
tai capital is sos, 600, surplus $780,
100000 and resources s6.24S 100000.
The Citizens Bank and Trust Com
pany of New Orleans, with resources
OF 1922 900, was admitted to-day.
New Souvenir Coin. - WASHING
TON, April 6.-The House to-day
passed bill authorizing the issuance
of 100000 hfty-cent pieces commence
rative of the Tooth anniversary of the
entry of Illinois into the Union. Rep
resentative Fuller, of Illinois, its au-
thor, stated it would be done without
ccst to the government.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-07
Paying Of French Credit
Funds to Meet 100000
Maturity Received

Bonbright & Co. announced yester-
day that funds had been received from
the French banks participating in the
sl5,coO,OOo French export credit of
March II, 1917, for the payment Of the
first s5,o0o,oOo instalment under that
credit due April 10, 1915 This is the
initial payment on the last Of four
credits for like amount, aggregating
100000, 900, which were arranged bv
Bonbrlght e. Co., Inc, for Schneider &
Co., the big French munition manu-
facturers, for the purpose of financing
the latter's large purchases of war ma
terials in this country.