davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-11-30
GOSSIP OF WALL STREET.


The market rallied for two reasons
yesterday. but the prime factor was that
Wall Street was very nearly In agree
ment that the declines that occurred al
most without interruption since the sign
ing OF the armistice with Germany had
gone far enough for the present. Those
declines had certainly increased the short
though they had given oppor-
tunity for careful covering operations;
they had likewise brought out quite a
bit Of actual liquidation. The secondary
reason was the partial relaxation OF
credit restrictions, which so far as spec
ulation in stocks Is concerned had only
q sentimental effect on account OF It's
intended benefit TO the general financial
situation. But when the speculative
world returned from its holiday 1t per
celved. as the usual comment revealed.
that 1t would be natural after drop of
from 10 to % points In various issues.
a rally and another decline not quite
touching the low OF the broad movement
that the list should experience some re-
covery. That transactions were only
moderate in volume was due to the fact
that tho session followed a holiday and
preceded half holiday.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-11-30
New Financing.

seldom have two financial develop
ments had 80 beneficial all effect on in
vsS'nent sentiment as the credit relaxa-
ton which will permit Stock Exchange
houses To resume again the active distri-
button ~ bonds and notes and the de-
Nis.uu Of the Capital Issues Committee
To- abandon the priority heretofore given
10 the financing Of var Industries. A.
a result much new financing, aEgregat-
ing several hundred millions, IL in the
air and important announcements are
expected - be- made in the coming week
IN" Sl'Uoh,O00 Philadelphia COMPANY
notes secured by $4,000. 900 bonds ere
aied under . new mortgage and the
S2I.npb. 90" Wilson & Co. debentures are
the items OF new financing nearest TO
rorSummaton. But the great aggregate
Is Que "a railroad needs. which must be
satisfied in the near future. The Rail-
road Administration has called all its
payments to railroads Advances hut
IN" aEg' esate advances nowhere an
pT0ach the rental, which was guaranteed
to the roads and is only part paid. Prac-
Ideally every railroad system In the
country needs 10 cousummate new
financing. hut the only official action is
the Norfolk and Westerns offer TO its
stockholders 10 subscribe tor new debeu-
lures. which may call for an ISSUE. of
sls,OnO.UU0 Other railroad financing ia
awaited eagerly by the investment pub
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-11-30
Restricted Relaxation.

The relaxation OF the restrictions on
loans applies only to temporary borrow
ing by members of the Stock Exchange
for the purpose of financing purchases
of bonds and notes for distribution. In
other words, II Is a relief 20 the facih-
ties for underwriting. The restrictions
had we'll nigh stransled the power to
carry on any new financing. so that
the ruling Of yesterday taken with the
announcement Of the Capital Issues
Committee that priority of approval
would no longer be reserved for issues
OF war industries grants to investment
houses a much larger freedom to fill the
patent demand for new issues illustrated
in the most recent oversubscriptions to
corporate note and bond offerings. The
ruling applies only TO money borrowed
for purchases of bond and note issues
after November 80. The relaxation IL
gives is only moderate All other re-
strictions upon brokers loans are still
in existence.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-11-30
Promise of Relief.

When first 1t was heard that the stock
Exchange authorities would send out a
notice granting relief from restrictions
on borrowing wall Street began to be
more cheerful. But the publication Of
the fact that the relief covered only new
operations in bonds and notes checked
that feeling and left only hope for the
future. Wall street was quickly aware
OF the fact that the regulation did not
imply any change affecting existing
loans in any way, that e did not mean
that Stock Exchange houses now bor-
rowing money on bonds and notes could
increase the aggregate 20 an amount
with the borrowing on
notes and bonds. And the special COM
mittee Of the Stock Exchange made Il
even more clear that brokers loans
for speculative account could not be ex-
banded. Yet even a benefit to the gem
eral financial situation bore promise TO
the speculative community OF some re-
lief no matter how distant,
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-11-30
southern Pacinc Make,

southern Pacific recovered rs dividend
very nearly thrice over This was indeed
a part Of the upward reaction IN tho
rails. hut iuasmuch as At - on the frs;
Two DAYS of the week il was IN gree,
demand, special reason for lts rise ,.,.
tordaN seemed present. Operators .h,t
had been successful IN depressing St,..
common In ~ recent decline wer, re-
ported 10 have switched their huyiug
Yesterday tn Southern PaCiAr In I'm.
midst OF it, rise IN tho. afternoon came
again the talk Of thu c3upany's pros
p'rIs IN the OIL industry, a matter which
mao 'ateIy dropped our Of comment As
to that one Of the most ,nus,rva,i,s
commentators in Wall street remarked
that it We're reasonable tu eXpec. a de-
cision from the Supreme Court D,cen.
Der as to the southern Pacific oil land
ease.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-11-30
President. Coming Addr...

Buying OF the railroad shares had a.
i,s Valuation. in addition 70 the TACT
that tn" rails had had d fair reaction
from the peak 81 the late peace mar
Ntl, confident talk AS to the contents
Of President Wilson's address 70 con
gross next week. Indeed, number of
men OF prominence In tho brokerage,
world were Of the belief that MIR. Vlls0,,
would IN that speech not only ,a,titr..
"ha' he would attempt 10 do AT me
;vdre conference but would also suesh
oennst-l" far speedy return OF the
railroads g their private owners. No
one claimed TO have amy inside t..torr,-
ito" but the ;alk vas that The Pvssf-
dent would urge that ,hc high freight
rates y" continued even after tE. i,ri-
yatr uauas, merits took IN the rhr.s5
"i control Whatever Mr.. Wilson saws
Ultimately. thu railway shares responded
TO ;nis talk with good recovCrles.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-11-30
Who Held Up the Nrw.f

II was learned yesterday that the
money committee passed its ruling anent
the borrowings for underwriting on
Tuesday. Yesterday the news triclled
out into the speculative district in
garoled form. 50 much so that in the
morning it was rumored that 90 far as
speculation in bonds and notes was con-
cerned "the lid was OFF" Then came
the official announcement OF the COM
mittee's ruling |: was the comment in
wall street after the close that on
Wednesday. the day after the ruling
was passed and when II was known to
the members Of the money committee
and TO high officials OF the Stock F.x-
change. the market declined. Yester-
day When the action OF the committee
was araily revealed to the speculative
community the market rallied very
definitely.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-11-30
London Money Market.

LONDON, Nov, 90 Money per cent.
Discount rates Short and three months
bills, l7-32 per cent. Gold premiums
at Lisbon. 5000; Consols for money.
'sa, British per cent loan. 94%
British ll9 per cent, loan. 9sl,.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-11-30
LOAN RESTRICTIONS
SLIGHTLY MODIFIED
Exchange Firms May Borrow
to Buy Bonds and Notes
for Own Account.
MONEY COMMITTEE ACTS
Says Necessity for Continuing
Ban Against Other Sccuri.
ties Still Exists.

The frst step. although a modera.
one. in the direction Of the removal ~
all restrictions on credit for Stock F..
change purposes was announced yest.-.
day. when the brokers were notified H..
on and after to-day they need not n.
clude in their daily statement " n,
total Of demand and time loans any bar
against bonds and notes purchased o.,
distribution after to-day.
The money committee voted las, Tue,
day to remove restrictions covering len.
porary borro wings by members o, MI
Exchange TO finance. for purposes Of AZ,
tributlon. the purchase Of bonds ard
notes for their own account. They neg.
lected. however. to take the public !n.o
their confidence on that day or WednAs
day. when n bearlsh trend was clearly
discernible. although they communicated
the fact as soon as possible 10 II g
Noble. president OF the Stock Exchanra
and the other members Of the Stock e..
change Committee Of Five.
The first public Information rtEa-Ii7.
this relaxation appeared on the news
tickers carly yesterday. tle s'a'eirer,
being made that the New YORK S'oc,
Exchange will send out notice today =,
brokerage houses that loan restriction,
in go far as they affect ira - ions IN
bonds and notes, have been removed
The immediate impression vas tdat tbs
lid was on so far az all dealings n
bonds and notes were concerned. ara
this misleading impression was not COR
rected until near the close OF the session.
when the following official statement
signed by George w. Ely. secretary q
the Exchange. was issued:
The special committee appointed BY
the governing committee on November
TO consider the money situation with
relation to borrowings by members o,
the New York Stock Exchange and the,
firms. believing thar il will prove o.,
benefit 20 the financial situation. has
recommended 10 the money committee
Of the banks that restrictions covering
temporary borrowings by members OF tbs
exchange to finance the purchase Q.
bonds and notes for their own aocoun,
be removed.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-11-30
DIVIDENDS.

stock % Pay-
Record. able.
2iafc ;..........,..... Nov. e Jan,
Auto sales Gum ChOc.
Corp. -: 2'............. Dee. 10 Dec. 40
81 Paso Eiec Co. a., Dec. Dec. Is
Gr@enpoint National Bank,
Ga. 80 ..:.............: Dec. Il Jan.
Greenpoint NatioHa. Bank,
s1. go ,,:....:..-.,.....: Dec. Fl Jan.
Standard Gas. Il Elsc. Co.
pr, a. l'sGs.............. Nov. 80 De-. ls
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-11-30
EARNING STATEMENTS.

Railroads.
COSsTITCTIoNALIST RAILWAYS OF
MEXICO.
Month OF October
Total gross earnings. s2.1+e.SG Dec. s-oss
COLORADO. SOUTHERN.
From Jan l.......... IL .os1 30 Inc. l,3sl,e0S
CANADIAN PACIFIC.
Month Of October
Gross earnings. 80. SIS. So, 80 Inc. $4,000
Net earnings So. 5,S5S. g35 Inc. 5l.l25
From January T.
Gross earnings. -. Ias. 80. .S5 Inc. 2.s1s,4s5
Net earnings, ......... 3,5e2,so2 Do. ..OsSsit
Reports TO I. c. c.
DELAWARE, LACKAwANNA AND WEST
Month OF October
Operating revenue. ie.72s,sl: Inc, F.2ss,s'S
Operating income. 2.o27,s2o Inc. 1850
From January J
oDers,in. Income. iSsG.5S Dec. i..si's5s
PENNSYLVANIA.
LINES East
Month OF October
Operating revenue So. So se5 Int. SO sss
Operating income. sse',ssi Dec. lssi.lH
Operating INCOME. :ss7i,iss Dec. $3.50, sSs
PENNSYLVANIA.
Western LinesD
Month of October
Operating revenue. .slo. 5sss2i Inc, Se,sso,65o
Operating lncome.... l,i3oi5 Dec. Ts.lss
eperstins revenue... 7:;Ess:o Inc: ii:...s.
Operating income. 4.S2, 81 Dec. o.sls, s5l
PHILADELPHIA AND READING.
Month Of October
Operating revenue. o.. 81, so, III Inc. Sss6.eit
Operating income. 1855 De-. 1851, SO
From January i
Operating revenue. s6,32s56e Inc. l0.2l. $50
Operating income. II Isl. 7H Dec. 5,o04,cs
BALTIMORE AND OHIO.
Month Of October
Operating revenue. SIS. 26lo67 Inc. S,I5S. $50
Operating income. ,s6J. go Dec. 4,3S.6sI
From January /
Operating revenue H3 Inc. 32.l36 20
Operating income. s,5S2, $50 Dec. 1852, 49,
CHESAPEAKE AND OHIO.
Month of October
Operating revenue. s. .4S7.5eS Inc. s.. t2i, 05s
Operating Income. ?. 225, O6 Inc. 767, $50
From January /
Operating revenue. IS. 361 $50 INC. t. SO SOL
operating income. I3.543557 Inc. l,l1s GO
CENTRAL RAILROAD OF NEW JERSEY.
Month of October
operating revenue -, ~. SIS Inc. N,i4 sos
Operating income. l,le3,AO Inc 60, 3s3
From January /
Operating revenue .. 100. $50 Inc. G,62. 1873
Operating income. 70Sl.IsG Inc. l.J55, 7s5
CLEVELAND, CINCINNATI AND ST. LOUIS
Month of October
Operating revenue. s., 49,, IN Inc. S2,s-3 Gs
Operating income. I,2cs,.ss Inc. 81 .O60
From January l.
Operating revenue. IS SO ~ Inc. lJ.67s .0ls
Operating income 1918 si5 Inc. 2.s5s, 44S
NORFOLK AND WESTERN.
Month of october
operating revenue. g.. Or. 90 Inc. 81 ~ &C.
Operating income. l,e13,5l1 Dec. Is, GIG
From January l.
Operating revenue, e:,4s!4s5 Inc. Iesssss7
Operating income. H.ls5 ~ Dec. 4.l2l, 68l
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-11-30

rAEIs, NOV. e9.--rrices were steady on
Tue Bourse to-day Three per cent.
r'ntes. GO francs 60 centimes for cash.
ENchanEe on London, % francs 9S cen
times. Five per cent loan, 81 francs -
centimcs.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-11-30
Warning Against Undue Loans.

THE money committee ~ the bans
has acquiesred in this request. t..
necessity. however for continuing for-
mer restrictions in regard TO other Sc
curit!es still exists.
The money committee of tho banks
and this committee expect that 20 men
Der OF the exchange will by reason 4
the removal of the above restrictions
unduly increase the loan account Of tie
banks. Should this expectation no. b.
fulfilled Il might become Necessary 10
reimpose the restrictions. In acr"rdan-
with the above arrangements. and E
addition 10 the present required iato
nation. members must daily r.p1'- %
the seCretary's office the amount ~
money borrowed against purchases :
bonds and notes made on and after No
vember 80. 1915"
The thoroughness Of the daily repo-:
on time ard demand loans. which es.h
broker has TO turn in daily is iri At-l
by the following items required IL the
daily report: Amount each of tine ar
demand loans, ta) carried by or colIa:-
eral lodged with New York hanhs o.
trust companies 90 carried b. or 20
lateral lodged with private bankers
brokers, foreign bank agencies or o'Ne's
in the city If New York rCt carried Z
ana collateral actually loIRrd WIN it0l-
ers outside of New York for New iJr
commitments. and total each q a. ;
and under time loans AMI d,nant
loans grand total and it's increase owe
or decrease from the previous --2o"t
In addition. beginning Decenbrr ,1.1
broker must SCI down th- asE.s-a'-
loans against bonds and notes g.r aa,e.
for distribution after to-dar a.i tnH a.
gregate Of its loans aAt...-: Tinted
States Government securities
With the aid of this report from eac-
broker the Stock TX hange COMMITTEE
of Five Is enabled TO compile TIE assre-
gate OF time and demand lpal.. Wa.c.
must NOT exceed the limits St ~ tie
None Committee and ~. = Eg' tte y
temporary borrowings for distribution o
Investment securities. as well 49, H.
loans against TIL pur'n1s" "f i.hr-'l
bonds, OIL which there ~, now - ered.
restrictions
The Mnuay Commute" wtsns ttNt m
undue increase IT, Ga. i'an 1cco4.' O
the banks would hr followed boy a "'.--
position Of the credit restrictions, N.c.
have just been vrIAN,d. but = mernurr
that committee stated YESTERDAY ~.
the relaxation, j; fn.r. are no tua,'-.
will cause only "a very moderate ~
paNs.oH in the aggregate lot. account
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-11-30
MONEY AND EXCHANGE.
CONN FRCIAL PAPE

Prime Indorsed Bills Six months 80. s'.as
Receva able Other Names
ySty days. 81. a. Three TO six
NMety days 5%ds months ...... Jf.3s
ACCEPTASCES.
20 days 60 days - days
Bid Ask. Bid. Ask. Bid. Ask.
banks ...-...... - ~ "a ~ A. ~
Eligible 90 n.
member banks. 80 "a Az 4!s a.. a.
Ineligible banks
bills ............ So : So . 81
CLEARING HOUSE STATEMENT.
Clearing House exchanges. SIS, 43Ls-s: bal.
ances Si7.6I2. -aa: sub Treasury credit bal.
ances 81 .GO3 ,OS.; Federal reserve credit bal.
aucr t7l,s7sl7A
DOMESTIC EXCHANGE
Boston. par; Chicago, par; 81. Louis. "a
l5c discount; San Francisco, par; Montreal,
81 50 premium: Cincinnati, par: MinneapoHs
zoe. premium.
SILVER PRICES
Bar silver in New York siou, Nm.
changed: in London, I.s.d.. unchanged.
Mexican dollars, 77tzc.. unchanged.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-11-30

StN SALVADOR. Nov. 29.--An increase
=" nc capital 81 the Liant, OF Salvador
tn 100000 p sos. silver, has been an
proved by the President
The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-11-30

y Canal IS
1862
10 rs
The Washington herald., 1918-11-03
PLAN TO SAVE SYSTEM
AT EXPENSE OF KAISER
London Paper Charges Berlin
Schemes Political Coup.

London, Nov. 2-The Pail Mall Ca
zette drawing attention to the indus
trious efforts of the Berlin Vorwaerts
to impress upon outsiders the reality
of a political Transformation in Ger
many points out that the 'plan" for
the moment is evidently to save the
imperialist system by throwing over
the present Emperor.
The Gazette continues" will
the Kaiser do? When will he do il. &"
These are the questions which. ac-
cording to the Vorwaerts, are now
agitating the German people"
1t adds that the very form of the
questions shows how far Germany is
from a real inculcation with the
spirit of liberty and self government.
and declares the question what will
the German people do?' is the ques-
tion by which their character will be
tested by the civilized world.
1T will be for them to determine, ="
says the Gazette. "the order of events,
If they are really sick of the foul
thing by which they have been poi
soned and perverted.
"A nation with the soul of freedom
alive in 1t would throw out the bru-
tai egotist who sits at Potsdam for
itself, instead of waiting for his gra-
cious withdrawal.
The whole political situation in
Germany smacks of stage management
and so gives no evidence of a real
popular approach to self determine
tion'"
The Washington herald., 1918-11-03
TELEGRAPHER HEADS
WOULD AVERT STRIKE
Committee Suggests Awaiting Ac.
ton of Wire Board.

Relying on assurances of Post
master Burleson that commercial
telegraphers' grievances would be
investigated, and on the prospect OF
prompt action by the Wire Board.
the committee of the Commercial
Telegraphers of America, appointed
at a recent convention. advised
yesterday against strike.
The committee was appointed to take
up cases of seven hundred CONNER
cial telegraphers locked out last
April 2S and on subsequent dates and
not yet reinstated. although the gov
ment has taken over the lines.
An appeal has been made to the Ma
tional War Labor Board, according
to S. ]. Konenkamp, president of the
commercial telegraphers' union. I'VE
appealed to them to reopen the case
next week." he states, but this will
not be pressed.
'In view of the prospect of prompt
action being taken by the War Board,
we have recommended against any
movement leading to a strike.
"A number of cities have already
taken a strike vote, and while they
have many grievances. we feel rea-
sonably confident that the will be
adjusted before many days have
passed.
The committee consists of Harry
Tomkins, of San Francisco; L. I.
Marshall. of Los Angeles; r.. j. Nor
wood. of Dallas. Tex; ]. A.. Hickey,
of New York, and A. B. Forres. of
New orleans. La.
The Washington herald., 1918-11-03
FLU GETS ONLY
6S new CASES
Days Deaths l3; Health
Officers Urge Contin-
ued Precautions.

Only sixty-eight new cases of in
fiuenza and thirteen deaths from the
disease were reported TO the local
health pffice for the 2i-hour period
ending at o'clock last night This
is the lowest record that has yet
been established for any 24-hour
period since the epidemj- first ap-
peared in the city.
DR.. william Fowler, District
Health Officer. stated last night
that he believed that the District
death rate will reach normal within
a few days.
Washington has nothing to fear
from the epidemic IL the people or
the city will exercise little eau
ton" he said. The few preventive
measures suggested by the authori-
ties are simple and easy TO follow
In the campaign to protect the Dls-
trict and nation from bareback the
Public Health Service expects TO issue
posters warning the people Oh the
measures that should be taken to pre-
vent the spread of the disease. Inc
masters will be drawn by Bergman.
points to be remembered in the hght
against influenza and other respira-
tory diseases.
Officers of both the local health de
partmeent and the Public Health
Service are determined that there
shall be no recurrence of the cpl
demic-
Referring to the posters. DR.. Fow-
Ter stated last night that he believed
the plan to be the surest method OF
reaching the public.
1t was announced last night that
relaxation during the epidemic OF the
Federal regulations against rehihns
prescriptions calling for morphine, CO.
define or heroin is directed in an order
| by the Commissioner of Internal Rev
enue to collectors. Such preparations
may be filled if marked repeat II
necessary" by the attending physi-
clan.
The Washington herald., 1918-11-03
Fate of Defeated Army Now Rests In Hands
of Austo-Hungarian High
Command.
ANNII1H.ATION OR SURRENDER
Question as to Whether There Exists Respon-
sible Government Authority to Whom
Terms Can Be Submitted.

London Nov. I'm the hands of one man, the Austrian
commander-inchef the fate of the Austrounganan
army
He alone avert the greatest military catac ysm of his
o-he cutting pieces capture of hreequarters of
prisoners. and the bulk of the Austrian artillery 800 heavy
pieces-is in allied hands
Along the whole l50mle 'front.' from the southeastern
edge of the Trentno the Adrac Daz avengng egion
phngns ahead and everywhere except the Asago region
the of hfe-anddeath struggle, the Ausans wild
flight
!, SURRENDER OR ANNIHLATION
The only way the Austrian generaEmo the anniha
ton of his is Internationally the allied armisce
They his hands Daz them him
from Versailles where all conferrins subscribed to them They
based upon President Wilson's fourteen principles
But the Austrian commanders position unique the annals
history He generamo without government behind him.
His and their supreme lord Charles H.
without empire king without kingdom. The only thing
that left testify that there dual monarchy this
staggering backward under Das blows For contains Aus
and Hungaans. Bohemans and Msyas. CechoSas and
JugoSavs. Croatans and Tyroan all under command
T. RACIAL CRIMES AVENGED.
Behind them the evoltswept land which
fighting; the racial that orgedand forcedhem
amalgamaon
geneous tribes has been ripped o pieces
The homeland which these soldiers told
defending against foreign
caudon of ratrde by those within The revolution
the the democratic control by
the majority The polygot population Of
Hapsbug empire cropping its toward freedom. And
the first step place in the each of the
How that struggle will be by the flooding of country
hundreds of thousands soldiers weary hungry bitterly
disappointed, the next week will show.
The Washington herald., 1918-11-03
HAASE FLAYS GERMAN
MAJORITY SOCIALISTS
Charges Party Shares Guilt in Pro-
lonsation of War.

London, Nov. 2-Serious differences
appear to have arisen between the
minority ard majority factions OF the
German Socialists over tbs war sit
uatiOn
Herr Haase, leader of the minority
Socialists, speaking in the Reichstag
last week, reminded the majority
Socialists of several unpleasant facts,
AS late as the spring of 1916 he salo
he was violently attacked and ac-
cused of treason by Herr David, now
under secretary of the foreign office,
because he advocated a drawn war.
From the moment you declared
submarine war; continued Herr
Haase, "a drawn war was impossi-
bic. Most of the parties are now
trying to get away from accentuated
submarine war. 1t is true that at the
last moment the government Social
lists issued a warning but in reality
all the parties except the Socialists
minority share the guilt.
1.-The first resolution in favor of
submarine war was drafted by all the
leaders, including Scheidemann and
Ebert. The accumulation OF suoma-
rine warfare was a natural conse-
uuence. The Socialists are guilty be-
cause to the very last you gave the
old regime credit for carrying on the
war.
you appeal to the peace resolution
of July 10, 1917. 1t really is time TO
bury that resolution. How it can be
harmonized with Wilson's principles
remains your secret. Its real mean
ing is seen in the treaties of Brest-
I,itovsk and Bucharest and Herr Err
berger declared in this house that
those treaties were concluded within
the meaning of the peace resolution"