davidaulloa/AmericanStories huggingface dataset:
The gazette-times. [volume] (Heppner, Or.) 1912-1925, 1918-07-18
Found Papers Ok.

Vic Groshens dug his safe out of
the debris left after the fire, and on
opening same up found all the papers
to be in good shape but wet. The
freshet of few days before had fill
ed the low ground where the safe lay
with water, and this had in turn
found its way into the safe, wetting
up the contents. Mr. Groshens is
gradually getting his premises clean
ed up and the remains of the fire
hauled off. We understand he is ne
gotiating the sale of his corner to an
other business firm Of the city, but
this report has not been confirmed
The gazette-times. [volume] (Heppner, Or.) 1912-1925, 1918-07-18
Will Take Up Farming.

James Gentry and Wilson Bayless,
residents of Albina, Heppner's S
southern suburb, will enter the wheat
raising game and take UP farming
on large scale. The former has
rented the Lon Markham place and
the latter takes over the Spencer
Akers place from Billy Padberg
These are two of the best farms on
Heppner Flat, and both Gentry and
Bayless are hustlers and we shall
look forward to their ultimate sue.
cess in this venture: They will take
possession of the farms in September
The gazette-times. [volume] (Heppner, Or.) 1912-1925, 1918-07-18

Woodson C Sweek opened up their
safe, which burned with their Office
in the Palace hotel, and all the pa
pers were found to be burned beyond
recognition. The safe went through
tremendous heat and lay covered for
several days before 1t was cool en-
ough to open. BY close observance
some Of the printing and writing on
many Of the instruments could be
read but with o little handling they
The gazette-times. [volume] (Heppner, Or.) 1912-1925, 1918-07-18
Residence Burned at Boardman.

The nice new residence of Albert
Emry, who resides on tract of land
near Boardman, was destroyed by
fire, with all its contents Tuesday af-
ternoon. Just how the fire originated
is not settled, but Mr.. Emry thinks
it was from defective flue. The
house was bungalow style, built en-
tirely of cedar lumber and we'll fin.
ished and Mr.. Emry and family had
Just recently moved into it. The
house and contents were we'll insured
in the sum of $500.
The gazette-times. [volume] (Heppner, Or.) 1912-1925, 1918-07-18

all crumbled to ashes. A bunch Of
Liberty Bonds we're turned over to
the bank and an effort will be made
to get the Government to issue
others in their stead. These were
unregistered bonds and there may be
a good deal of difficulty in getting
them replaced.
The gazette-times. [volume] (Heppner, Or.) 1912-1925, 1918-07-18
SOME PERSONAL PROPERTY
FOR SALE.

The M. E. Church, South, had
some personal effects saved from
both the church and parsonage
buildings in the recent fire, and these
articles, consisting of an organ, some
rugs, chairs, dining table, ETC., are
offered for sale. Anyone interested
in looking these over should consult
either Sam Hughes, Alex Green or
Mrs. Matte Scrivner, the committee
in charge.
The gazette-times. [volume] (Heppner, Or.) 1912-1925, 1918-07-18
A MONtENTOUS FACTOR.

There is a fighting line in the new
German drive over whose front
trenches the gray battalions of Ger
man shock troops could not sweep.
That line did not give an inch"
Its fire was reserved until the at
tackers we're so near that the whites
of their eyes could be almost seen.
Then the tornado of steel from ma
chine gun and rifle fire tore great
gaps in the advancing ranks and the
gray-clad survivors broke and fed.
Time and again they returned to the
attack, but always the withering blast
from that immovable line drove them
back.
1t was the American line east Of
Rheims. 1t was American against
Boche. 1t was democracy against
autocracy. The result is forecast
of the ultimate decision, both in this.
conflict and In the verdict of man.
kind.
There was similar result on the
other American line In this drive.
The defenders yielded ground for a.,
time, but they came back. Seven
hours after the German assault be-
gan, the Americans counter attacked.
Their advance was irresistible. They
went forward with IAN almost un-
believable ferocity." They did not
stop until they were again in their,
original position on the south bank
Of the Marne.
This has not been done before in
any Of the five German drives. 4,
is new precedent and new recoru.
1t is warfare pitched in a new and
momentous key
This battle is described in the dis
patches as one of the fiercest of the
war. The Germans opened it with
a creeping bacragc three miles deep
over a broad front, using both gas
and explosives. The French say 1t
was much more savage than the
worst at Verdun.
| We have the record of the remark
able fighting of the Americans at
Cantigny, and our marines at Belleau
wood. The spirit and success In both
were the same as Mondays work at
Rheims and the Marne, but the for
mer were more in the nature Of de-
tached engagements Of smaller mag
nitude and Importance Monday S
fighting was, in the heart of the fifth
German drive. along key positions In
the path of Boche strategy, and with
the most and best troops Germany
could throw into the assault.
We have thus an opportunity to
measure the American and the Ger
man as fighting men. The test has
been made. The two types have
Q grappled, In combat, with all the ad-
vantage on the side of the man from
! the new world. Every early estimate
t with which the kaiser deceived him.
self and his people as to the power
9 Of America to fight is discredited
He knows now, and we had faith all
along that the American was the su.
perior fighter, In spite of the genera.
!. tions Of preparing and training In
d., Germany.
y There is mometous Importance ir
> what we have thus beheld. A new
and mighty force, man of superior
y fighting power, has appeared on tho
. battlefronts. German strategy ant
= the German high command, in plan
ming future operations, must take
:, new factor into the account. TIL,
y gray waves of massed Boches can II,
:, longer carry everything before them
I" They can be stopped and have beer
stopped.
If Russian chaos continues to Civ
the allies an even break the begin
If ming of change in the war aspec
"a Is in sfght.-Oregon Ournal
The gazette-times. [volume] (Heppner, Or.) 1912-1925, 1918-07-18
$4,000 REWARD.

VIII be paid by the undersigned
for the recovery of one black mule,
about ten years old, branded TJD
connected on left stifle or shoulder.
Left my place about March 15. Phone
or write T. E. Peterson, Eight Mile.
The gazette-times. [volume] (Heppner, Or.) 1912-1925, 1918-07-18
Heppner Girl In Auto Accident.

The following is an account Of an
auto accident in which Heppner
youg lady was participant, but
which, fortunately, ended In no one
being seriously hurt. We give the
account as sent us.
Miss Lola Hayes of Heppner, Mrs.
Sadie Runnig and daughter Helen of
Sacramento, Calf, and Mrs. Hayes of
Eugene, with other friends exper-
fenced some excitement while out
The gazette-times. [volume] (Heppner, Or.) 1912-1925, 1918-07-18
ADDITIONAL LOCALS

Lee Slocum now drives a new Max
we'll, purchased during the week
from f. J. Starkey.
There will be the regular services
at the Christian chruch on Sunday,
both morning and evening, preaching
by the pastor, F. A. Andrews.
Editor Pattison of tine Herald is in
Portland this week making arrange
ments for getting a new printing
plant which he hopes to have INSTALL
ed promptly.
The gazette-times. [volume] (Heppner, Or.) 1912-1925, 1918-07-18

S. w. Spencer and wife and a. L,
Ayers and wife departed this week
in their autoes for a vacation trip
They may visit Yellowstone National
Park before returning.
Papers in the safe of the Palace
hotel were badly baked and rendered
valueless Manager Wilkins found
that there was not great deal OF
New-York tribune., 1918-12-23

cent at the close of the week, the
lowest since July, while loans for
fixed periods were arranged at 5la
per cent for the shorter maturi-
ties. In the commercial paper mar
ket there was active competitive
bidding by the banks for the avail
able supply of discounts, and rates
got down to working basis of 5 Y
to 5% per cent against level of
6 per cent for more than year.
Supplies of money are apparently
more than ample to meet all needs
Despite this fact, however, the re-
strictions on Stock Exchange loans,
which are limited to the level Of
September 16, still stand, and in
formation obtained in banking
quarters indicates that these re-
strictions will probably be kept in
force until after the next govern
ment loan has been f1oated next
spring.
New-York tribune., 1918-12-23
Money Restrictions
Curtail Stock Operations

Wall Street has not yet free mar
ket for securities. Most of the war
time restrictions on the Stock Ex-
change have been lifted, but there still
remains the all important limitation
imposed in October upon the volume
of credit available. This tends to keep
speculative activity at minimum, for
it limits the amount of money that
brokerage houses can borrow from the
banks for use in financing market op-
erations. 1t has been limited of late
that this restriction might soon be re-
moved, but the lifting of the ban on
credit is a matter that rests chiefly in
the hands of the Treasury Department.
Since the outbreak OF the war, in
1914, the security markets have ex-
perienced various degrees of artificial
control, with interesting results After
the storm broke the exchanges closed
their doors for several months, and it
was not until late in the fall Of 1914
that trading was resumed, with min
imum prices in force to prevent prices
from falling to dangerously low levels.
1t was feared that foreign liquidation
might cause drastic decline in
prices, already at low-record levels,
and possibly bring about financial
debacle But no such thing happened,
and, although there was steady lquida-
ton from abroad, it was absorbed with
out difficulty, and it was possible early
in 1915 to remove the minimum prices,
thus restoring a free and open market
for stocks and bonds. From then on
until 1917 Wall Street enjoyed boom
ing markets and million-share days,
prices rising Enthusiastically at times as
the country induged in frenzy of
speculation in the so-caled "war
babies"
New-York tribune., 1918-12-23
Lifting Wartime Restraints
On Securities and Commodities
Although the Process Of Setting All Markets Free
Has Begun They Are Steel Bound and Regulated
by Artificial Conditions

THE term reconstruction" which
is perhaps the most popular word
of the day, has special mean
ing when applied to Americas stock
and commodity markets. Inasmuch as
mono Of the exchanges in this country
has been demolished by the machine
guns of the foe, there is no need Of
physical rebuilding. Moreover, in the
Judgment of representative brokers,
there is no necessity for revolutioniz-
ing the traditional methods of trading
and price fixing by the free play of
supply and demand in the open mar
ket. REIMBURSEMENT to peace conditions
of the exchanges, therefore, implies a
return 20 the antc-bellum status.
In the markets of Wall Street the re-
adjustment to the new conditions con-
stitutes a struggle to free them from
the extraordinary wartime restric-
tions which have been imposed by the
traders voluntarily and by the govern
ment. SO far as the machinery of the
market is concerned, the present drive
onward to peace conditions is directed
against paralyzing restraints, which
were deemed necessary while the task
of fighting the imperial German gov
crnment was the paramount business
of the nation.
With the dramatic clash of military
forces at an end, both the self-interest
of the brokers and their love of the
trading game impel them to chafe un-
der the continuance of wartime fet-
ters. Since November II the process
of setting the market free has begun
but they are still bound and tied and
regulated
New-York tribune., 1918-12-23
Warnings Issued Against
Undue Speculative Activity

The average price of thirty indus
trial stocks declined from a peak of
104 at the close of 1916 to 72 toward
the end of 1917 as result of steady
liquidation. 1t was during this period
of declining prices that the Stock Ex
change authorities took action to stop
what was described as vicious" short
selling. There was a feeling in the
Street that certain professional in
terests enemy propaganda was also
charged but never proved-and others
were overriding the selling for the de-
cline, and that the tactics practised
were uncalcd for and subversive to
the best interests of the country.
To correct this state of affairs the
Stock Exchange put into effect rule
calling for data which would make it
possible to trace selling operations.
This action was taken in Move mber,
1917, when stocks were weakest and
sentiment was most unsettled. The ex-
change rule did not, Of course. forbid
short selling; it merely required the
names of the sellers, together with
description of the stocks borrowed
and loaned for purposes of short sell
ing. This caused the closing out OF
many short accounts, and, although
the decline in prices continued
through December the following
month, January of the current year,
saw substantial recovery set in. The
change in sentiment, due to comb
nation of factors, chief of which was
the governments war programme.
made it possible 10 abandon the daily
reports Of short selling operations.
New-York tribune., 1918-12-23
" arnings Issued Against
I ndue Speculative Acii,if,

In midsummer this year, when the
Allied counter stroke began which
eventually compelled Germany to ask
for an armistice, the bankers money
committee assumed greater prominence,
and attracted attention BY warning the
street against indulging in undue spec
ulative activity owing to the limited
credit supply. Subsequently, in Octo-
ber after it was seen that Germany
was nearing the end of her resources
and that the finish was not far Off, u
sudden expansion of speculation took
place, which brought quick action from
the committee. Brokerage houses were
compelled to reduce their loans to the
amount outstanding on September 16,
and this limitation is still in effect, de-
spite widespread criticism from bank
ers and brokers alike, who believe that
the time has come when the securities
markets should be freed from all re-
Straininp Influences
New-York tribune., 1918-12-23
Government Needs for
Money Paramount

But our entrance into the war in the
spring of 1917 put a new complexion
upon the whole situation. Government
borrowings suddenly became enormous,
1t was soon found that the government
must be given the right of way over
private capital requirements, and the
first artificial control of the money
market began. A committee was or
ganized, which is still in existence,
made up of bankers, with pool Of
s2oo,ooo,ooo at it's disposal, to be used
IN stabilizing money rates. BY draw
ing upon the pool the committee has
been able to keep call money rates
from rising above per cent.
Meanwhile, the general recognition
New-York tribune., 1918-12-23
Wealth Markets and Commerce
Finance Economics

WALL STREET OFFICE: Telerhope
Mills Building, Hanover 6s,A
New-York tribune., 1918-12-23

Continued on page twelve
New-York tribune., 1918-12-23

that the country must scrap it's "busi-
ness as usual" slogan and get into the
war up to the hlt, and the wholesale
conversion of industry for war pur-
poses, began to be reflected in the Sc
curity markets. Prices commenced to
fall, for it was seen that the big profits
that were being obtained on war bust
ness for the Allies could no longer be
expected.
New-York tribune., 1918-12-23

Offerings Of money exceeded the
demand in the local market last
week, with the result that rates
were further lowered. The rate for
call money got down to 31s per
New-York tribune., 1918-12-23
DIVIDEND NOTICES
THE BANK OF ASyEpIC.

New York Dec a0th- 1s1s
The Board Of Directors has ro,day d.-
cared semi-annun dividend Of fiftesn
@ 's9. per cent, tree Of tax, payable jan
Of This date ~ record
until January 3rd. 1919 Nioseo
" NJ. BENNETT Cashier
New-York tribune., 1918-12-23
Market BarOmeters
Stock Exchange Transactions
Stocks

Stocks
Rail Other All
stocks. stocks. stocks.
Last w'k .454, 100 1882, 300 2,236, 400
Week bef .343.1o 2,155,50o 2,4es,600
Year ago.. SOS 900 2,o52,500 2,657,5oo
January to date:
1915. r9,957, 800 1918, 100 135,o7o, 400
1917. .22,87O,8OO 1855, 1854, 400 III, $3.50, 200
1916. $685. 500 $685. 300 225,958, 800
Bonds
Week Year
Last week before. before.
U. S. 1861 1886 900 $37, ,7eo, 900 s14,a2e, 900
RFrs.. 5,891.00O 100000 3.509,OOo
Oth'rs. 1895 900 12,e75, 900 10o26, 900
All KIDS 86,772,0OO 54,782, 900 27,864 600
January I to date:
1918. 1917
Z. S. gov. .S1,129.620,00O $3.50, 6,5O4 600
Railroads 131,826,OOO 2OO,281. 900
Others 80. 633084,OO0 ABS, ,e38, 900
All bonds 1,944 $4,000 973,7O3. 900
The Mt. Sterling advocate., 1918-04-16
w. S. S.
EDITOR WOOD STILL TRYING

Editor Stanley o. Wood, of The
Gazette, who filed application for
entrance into the United States Ma
rlne Corps and who went to Louis
vile last week to take the final
examination, failed to pass and was
rejected. Mr. Wood has tried re-
peatedly to get into some branch of
the service but each time he has
failed to get in on account of his
physical condition. When he re-
turned from Louisville he Immediate
ly applied for entrance into the
Ordnance Department but has not
heard from that.
Mr.. Woods motives are very pa
triotic and he deserves the same
credit as if he had been accepted.
The Mt. Sterling advocate., 1918-04-16
SPLENDID SHOWING OF STOCK

On Monday Mr.. J. NJ. Hutsell had
on exhibition in this city his noted
stallion Rails King Emerald and the
great combined stallion never show
ed up to better advantage. He is a
beautiful piece of horse flesh and
won for himself many additional
admirers. Mr.. Hutsell also had his
splendid Percheron stallion, RolIo.
which also made a fine impression
as did the two jacks, HutselPs
Giant and DR.. Howe. All of Mr..
Hutsell's stock is in the pink of con-
dition and many mares were book
ed during the day, one party book
ing II mares to The mammoth Jack,
Hutsells Giant.
There was no regular horse show
held here as in previous years on
April Court Day but there we're a
few stations exhibited on the streets.
Several years ago Horse Show Day
attracted large crowds to this city
but recently it seems our farmers
take little interest in the breeding of
fine horses and we venture to say
there are fewer stations in Mont
gomery county today than ever in
the history of the county.
The Mt. Sterling advocate., 1918-04-16
A SPLENDID RECORD

The pupils of the Sixth Grade OF
the Mt. Sterling Public Graded
School about six weeks ago organ
lied a War Savings Stamp Club and
up until the present time have sub
scribed for 81, 1868 worth of Wan
Saving Stamps and Liberty Bonds
This is a wonderful record and on
that we believe cannot be surpass;
ed anywhere in Kentucky. Mis-,
Matte Hoffman, the teacher, ha
been actively engaged in assisting
the pupils in this splendid work and
deserves a great deal of credit fol
their magnificent showing.
The Mt. Sterling advocate., 1918-04-16
HIGH SCHOOL PLAY

The annual Senior play given b,
the Senior Class of the City High
School promises to be of more thar
usual interest as it is a patriotic
play that will appeal to every true
hearted American.
The name of the play is "Claim
Allowed" and the story is very IN
teresting. Dabney Lefohl, son of a
wealthy munitions manufacturer,
wants to enlist, but his father pre-
fers money making to patriotism,
and so seeks to get him exempted.
The story of how his claim was
allowed, but a claim to fight and not
to be a Stacker, is one of much in
terest. a charming love story runs
through it all, and touches of fun
are supplied by Dabney's faithful
servant, Neb, who learns to fly with
the young aviator. "Claim Allowed"
will make you laugh and cry and
want to buy a Liberty Bond when
you see the little Boy Scout sell
them.
The play will be put on April
23rd. Tickets will be put on sale at
popular prices and capacity house
is expected. The proceeds will go
to the local chapter of the National
Council of Defense. Four minute
speeches will be made between the
acts.
The following students are ex-
pected to take part in the play;
Misses Mary Elizabeth Coons,
Elizabeth Mcnamara, Laura Hart,
Marcella Chiles, Loretta Kearns,
Jenmol Gatewood, Gladys Henry
and Messrs. Porter Huls, Jesse
Hainline, Burton Prewitt, Russell
Chiles VanAntwerp, George
Yeaman, John Allen Strossman and
Earl King Senff. A number of
Grammar School children will take
part in specialties.
The Mt. Sterling advocate., 1918-04-16

district in which they live-the
Campaign Manager to decide any
question regarding the proper dis
tricting of candidates. Candidates
moving from one district to another
after they have been nominated will
be retained in the district in which
they were first nominated.
Nominations may be made at any
time up until the last few days of
the campaign. The campaign man.
ager reserves the right to reject
any nomination or application at
his own discretion.
An old subscriber is one who is
taking the paper at the start of the
campaign.
A person who is not taking the
paper at the start of the campaign
is considered a "new" subscriber.
Where a paper is changed from one
member of the family to another.
1T will be classed as an old sub
scrlber and votes will be issued on
it as such.
The Campaign Manager reserves
the right to make any changes or
alteration in the rules that NAV be
necessary to the best interests of the
campaign.
Until further notice, no contest
ant will be allowed to poll more
than a sufficient number of votes TO
place his or her standing 10000
votes in advance of the leader of
the preceding issue. This rule is
only temporary.
If there is anything regarding the
campaign that is not fully under
stood by prospective candidates,
they are invited to call at the cam
palgn department or write the Cam
paign Manager and the matter will
be explained in detail.
Readers should clip the coupons
which appear in each issue of the
paper and vote for their favorite
candidate. If you think you can
pick a winner send in your nomi-
nation today.
Address all nominations, votes, |
subscriptions and communications !
to the Campaign Manager, co Ad- !
Vocate, Mt. Sterling, Ky. Make !
checks, money orders, ETC., for sub |
scrlphons payable to the Mt. Ster-
ing Advocate.
The Mt. Sterling advocate., 1918-04-16
Rules, Information, Etc.

No member of the force of the
Mt. Sterling Advocate or any mem,
ber of their immediate families will
be allowed to enter the campaign.
No votes will be sold for money
or other consideration. They must
be secured as announced in the
paper. No vote ballots issued on
subscriptions unless accompanied
by cash.
A ballot box for votes and nomi-
nations has been placed in the Off
ce of the Mt. Sterling Advocate or
they may be mailed direct to the
campaign manager.
The Campaign Manager reserves
the right to reject the name of any
candidate and to pass final judg-
ment on any question which may
arise.
No promise or agreement, either
written or verbal, made by agents,
solicitors and representatives 9TH
er than published in the Mt. Sterl-
ing Advocate, will be recognized.
The rules and conditions given
here or published in the Mt. Ster-
ling Advocate will govern the cam
paign and in entering all candidates
agree to abide by these rules.
Three bushes men from this
county will be selected as judges
and will have exclusive control of
the ballot box on the last few days
of the campaign, and after can
vass of the votes, declare the win
ners. The decision of the board of
judges will be final and will admit
no appeal.
Contestants must enter from the
The Mt. Sterling advocate., 1918-04-16
EXCELLENT WOMAN DIES

Mrs. Sallie Guthrie died at her
late home in Bentonville, Ark, on
April 18th, after a protracted ill
ness from nervous troubles. She is
survived by her husband, J. S.
Guthrie, who is the only surviving
brother of the late w. p. Guthrie,
of this city.
Mrs. Guthrie was a member of
the Goode family of Henry county,
who are prominent in life's elevating
circles and was a most excellent
Christian woman. Remains will be
brought to Eminence, where burial
will take place on Wednesday,
April II. Mr.. Guthrie's friends here
deeply sympathize with him in his
bereavement.