davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-03
Head of Cerman-American
Alliance to Fight II

CLEVELAND. April Herman Fell
linger. president of the German Ameri-
can Alliance of Cleveland, expelled
from the Cleveland Underwriters As
ISOLATION by unanimous vote last night
for alleged disloyalty. declared to-day
lie would first take steps to disband the
alliance and then would protest his ex-
pulsion from the insurance mems or
ganization.
He announced that in the event the
executive committee of the local branch
Of the alliance refuses TO disband for
the period Of the war he will resign as
president
Fellinger has served in both branches
of the state Legislature.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-03
Major Gen. French Relieved

WASHINGTON, April 2.-Major Cen
eral Francis H. French, commanding
the 31st Division. National Guard. at
Camp Wheeler, Macon, Ga, is honor
ably discharged because of physical
disability, as major general of the
National Army, BY orders issued to-
day. He is ordered to remain tenn
porarily in command of The 31st Divi-
sion and when relieved his rank will
return TO that of brgadier general in
the regular army.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-03
Harry G. Reeser

OIL CITY, Penn, April 2.-Harry c.
Reeser, one of the most widely known
oil and gas men in the United States
and who claimed the distinction of
being the first telegraph operator to
copy press association reports on a
typewriter was buried here to-day.
Mr. Reeser died in Pittsburgh last
Saturday following an operation. He
was fftyfour years old
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-03
Congress to Adjourn
In July, Says Kitchin

WASHINGTON, April ?. Adjourn
ment plans for Congress were discussed
in the House to-day and Democratic
Leader Kitchin predicted that unless
something unforeseen developed Con
gress would adjourn between July /
and July Is. Many other members
however, do not believe an early ad-
iOurnmenf poSsihle
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-03

Tell your employer that you are unable to
give him your best services until he gives
you The Dictaphone The Dictaphone will
enable you to produce letters nearly twice
as fast, because you don't have to take
dictaton. That is the best cure for overtime
work. And remember that your salary is
largely based on the number of letters you
can turn out
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-03
McAdoo Will Buv
100000 Freight Cars
And 1900 Engines
To Be u. S. Owned and
Standardized for Use
on All Lines
staff Cores pondence1

WASHINGTON, April 2-The Fed
eral railroad administration is inviting
estimates of the cost of 100000 freight
cars and between 1000 and 5000 loco
motives for the American railways, the
new rolling stock to be government
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-03
Sl,5OO,OOO,OOO in War Risks

WASHINGTON, April 2.-More than
100000 applications for war risk in
surance had been filed by officers and
men of the naval servic- on March 81.
it was announced to-day. The average
policy was for 1900. making a total
of more than 81 800 900, 900.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-03
Experts, Representing All
Branches Of Business,
Are Appointed
TO Pass on Protests
Even Those Who Have Not
Demanded Review Still
Have That Privilege

.
ASHINGTON, April 9. - Excess
,ro4;.r ,o+,, e, ...,.
n,,o .ollao4o,.,. .,.,,, -,
nation h., :,
.'''' ~ newly appointed committee
Oh fourteen tax reviewers representing
various industries. whose DUTY will be
to adius+ assassn,ar+s ~ +ho ,;rh+ of
-
l"uiF iuual prohIems or each business
only the returns appealed by collectors
or taxpavers will he considered nv this
bod,-
Mo,,, =.
no,',,a - 81 OF the committee an
r(-[ on,,,;, .o-Hlsn ny internal revenue
G r. at9leI hoper' are as loilo"s'
man 2 ete,re stononlse Ul N Se y Shar
stuart W. Cranler Of tho National Conncii
Of Cotton Manufacturers. Charlotte. N. c. .
I. T. Meredith. publisher, Des Mones. Iowa !;
Wllllam n. "a Is, engineer and OIL expert,
80 alls oAla lnotHas u. Lyons mem
ison Wis a fn Oon.,.,sS'on, mao-
Lansing. Mich. Ralnh Arnold peol9o;1t ana
petroleum engineer Los Angeles. Cal. John
Marks. attorney and sugar planter. Napo-
.eohyilie, La. A. + Mamstedt. representing
W. .n 49,. sneltlng anG rehnlng industry
exnart Portland 0ra ' arj ~ an Nr ,u'n"a'
countant, Cleveland .. II Bond Massachn-
sets Income Tax Deputy Boston, and L. +.
Spec. Deputy Commissioner OF Internal
NeNe'"e' washington
Tax Expert to Serve
+ c pnacocl, = +,v ov,or+ corroo+
ed with the Pavenno R,,roa,, vii no
secro+arv of 49, 80. roi.i,,... NJ
Adams NJ Storro+t NJ, Cra,,o, a,,d
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-04-03

FELTON,, director general of the Ameri-
can military railways.
1t is understood that the shipment eff
rolling stock to France has temporarily
been suspended to supply tonnage for
the transportation of troops overseas.
New-York tribune., 1918-10-06
Germany Going Ahead
With Shipping Programme

Germany is proceeding with her pro-
gramme of shipping expansion for
after-the-war competition, despite the
TACT that the war is steadily going
against her According to a recent
article in the ".Vorwarts." fourteen
new shipyards have been built, in addi-
tlon to the twenty-five old ones already
IN existence, and six or seven more are
planned. 1t says:
- ne large steamship companies in
Hamburg and Bremen, which comprise
nearly nlne-tenths of Germany's entire
shlpplng trade, have recently been re.
leased by the government from the
obligation to publish their balances.
put 1t IS evident that these compan;es
"hich before the war paid a dividend
OF o TO 3 per cent, have been operated
curing the war at a loss-even anart
from the loss of tonnage-or at best
nave paid dividends up to 3 per cent
"nich has been due to other branches
of business. "''N ''e'
~ IN spite of this fact, most of the
herman steamship companies have in
creased their capital stock, but this
mas neen done with view to rebuild
ing their fleets. The price of tonnage
has increased to such an extent that
'he rebuilding of the commercial feet
especially the transatlantic-in spite
OK the state subsidies, will cost more
snan 1T cost in peace times to build the
shlps that have been lost"
New-York tribune., 1918-10-06
Italian Bank Cooperation

An agreement has been reached
among the four leading Italian banks
thanca Commercials ltaliana, Credito
ltaliana, Banca ltaliana di Sconto and
Banca di Roma), under the auspices of
the Minister of the Treasury. for the
formation Of "consorzio bancario." or
lanklng ANAL gamtion for specified OBJ
Jects. According to an official COM
munication of the minister. the prin-
oiral aims Of the anal gamation are as
follows: 0D The examination of the
banking terms now existing; (2) the
adoption Of more favorable conditions
in connection with credits and loans,
whether to private firms or for the
of national undertakings: (3)
the opening up of branch offices
and (D the promoting of bust
ness undertakings in Italy whose Oh
lect is 70 exploit foreign markets. It
Is understood that these banks, while
guaranteed absolute independence in
their operations and in their respective
pledge themselves to co.
operate along the foregoing lines.
New-York tribune., 1918-10-06
Swedish Banking Profits
Figures for 1917 Show sl;oh+
Falling OFF, Compared
With 1916

According to a report of Swedish
banking conditions in 1917 Sweden
owned iifty-nine bank companies at
the beginning of 1917, fourteen of
which were joint stock companies
thirty-one bank-limited companies with
capital stock of 100000 crowns or
more and fourteen bank-lmted COM
panles with capital stock Of Iess
than 100000 crowns. No less than
Twelve banks consolidated with others
IN the course of the year
r, The aggregate capital stock If the
Swedish banks during 1917 increased
by lo6,oO0,ooo crowns ($2S,40S. .oOO). or
20 per cent, and was at the end Of
me year 521 100000 crowns (s1S9.62S.-
ooo), the reserve fund at the same
time having increased by 81 900 900
crowns (s24,4SS,oOO) to 3s2 'oo0 ana
crowns (slo2,376,ooo). The savings ac.
eounts coy ats grew during the year from
66g,ooo,0oo to S63,ooO,ooo crowns. VIZ
The. aggregate net profits of tho
aaan+ oanKs IN n, lsl7 lel were $2s,53o,4oo as
against $24,602,400 in 1916, thus nomi.
nally decrease of $I.O72.0OO
New-York tribune., 1918-10-06
The Dollar in Foreign Exchange

News of Bulgaria's surrender resulted
in an abrupt decline in neutral eX-
change rates in this market last week.
The movement carried the rates to the
lowest levels in months, offerings being
considerably larger than the market
could absorb.
individuals and firms with balances
IN neutral countries had been holding
IN expectation of higher rates. but on
the unexpected developments in the
BalKans there was a scramble to un-
load. Holland guildcrs which recent
~ were quoted above Sc cents, dropped
last week below 46, later recovering to
40. Declines of l to 2 per cent were re-
corded IN the Scandinavian rates, while
Swiss francs also went lower.
Spanish pesetas were also easier on
the war news. 1t developed last week
tnat the new credit which Spain is to
make to the United States, will be used
exclusively by the American govern
ment and no exchange will be made
available for private purposes.
If you calculate the cost Of the dol
lar in terms of foreign money at par
value-that is, if you were buying dol
lars 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., 1918-10-06
Money and Credit

Loans and discounts of the Clearing
House banks increased $3.50. 542, 900. to
/, total of $47.705, $3.50, 900, last week, the
expansion in the item being due mainly
20 government operations in the money
market Excess reserves decreased
$10.121,720, amounting to S36,7O4 ,0lO
at the close of the week, according to
TIE s,aresner. iesued yesterday. Net
demand deposits were S3,753, ,124,O00, a
decrease of 900 compared with
the preceding week.
United States government deposits
with the banks increased from $171,-
900, 1000 to $316,7os,O0O during the week
The Federal Reserve Bank of New
York added approximately $65, ,00O, 900
to it's total gold reserves, largely as
result of operations with the interior
district banks. Operations in dis
counts and acceptances were somewhat
smaller than the preceding week.
The Federal Reserve Bank of New
York has put in force the following
schedule of redisc ,unt rates, which APP
ply to bankers acceptances: Maturities
New-York tribune., 1918-10-06
War Puts State
On Mining Map
Northern District the Scene of a
Miniature Rush of Pro-
speCtors

The war has put New York State on
the mining map High prices for the
various metals and chemicals that enter
/ into the manufacture Of war essentials
have stimulated operations in different
parts of the state with surprising re-
suits. Northern New York, especially
st. Lawrence County, is perhaps the
most active mining district in the state
at the present time. Within an area
OF twenty-five square miles in south
eastern st. Lawrence several mines
have been opened up and are actually
producing iron pyrites and zinc in pay
ing quantities.
Several miles northeast of Gouver-
neur Village a rich deposit Of iron pr
rites is being worked on the j. Frank
Cole farm by the st. Lawrence Pyrites
Company. One hundred tons of ore
are now being raised daily. Discovery
of the dsposit was made by Mr.. Cole,
prosperous farmer.
About ten miles southeast of this
deposit in another township a vein of
zinc has been uncovered and ore from
IL is going to the refineres of the New
Jersey Zinc Company for reduction. In
the town OF Edwards still another de-
posit of zinc is being worked.
One Of the results of the increased
mining activity in Northern New York
has been miniature rush OF pro-
spectors. Expert mining men from the
West have paid the district visit in
hopes of making strike The part of
the state is already famous for it's valu-
able desposits of fbrous tale, while red
iron ore, or hemititc. is found in LARGE
quantities. Over on the edge of the
Adirondacks magnetic iron ore is to be
found
Biologists say that the rock in St.
Lawrence County and that portion of
the Adirondack country is probably the
Oldest in the country, being of the
Archean age. 1t is Of igneous forma-
tioh ana the theory of the scientific
mining men is that the minerals We're
deposited there from the cooling GAS
eXuded by the molten rocks.
New-York tribune., 1918-10-06
Fluctuations I'm
Cotton Limited
To z Cents a Day
Exchange Moves to Prevent
Violent Swings in the
Price Of Staple

Fluctuations in the price Of cotton
futures traded in on the New York Cot
! ton Exchange on and after October IL
VIII be restricted to cents pound, or
$40 bale. during the period of thu
war and such period after the declara.
ton of peace as the board of managers
| may hereafter determine" Previous
restrictions allowed a daily fuctuatjon
OF } cents a pound
lhis steR was taken yesterday By rur
board following a recommendation oe
! the cotton committee appointed bv H.
President and the War Imdus.r;..
Board to devise a plan to prevent wias
swings IN the market due to the pres
enS abnormal conditions. The amend
ment to the bylaws of the exchange do.
signed to regulate trading SAYS;
ITO avoid abnormal fuctuat;on. :.
price caused by conditions created bv
the European war and injurious snec,.
iatlon incident thereto, trades for fu4-
ore delivery IN any month shah. DURING
any one day, not be made at nr;cas
varying more than cents a ponnd
above or below the closing bid price ~
such month of the preceding business
session of the exchange. Nor shall
trades in any month be made in any
one day at an advance of more than .
cents pound above the lowest nrov;-
Gus price Of such month on that da+e
or at decline of more than , cents
pound below the highest previous nrics
CT such month on that day.
or the purpose of this rule the clos
ing old Drtce shall not be less than the
ihlnimum price prescribed herein. This
RUE snail be in effect during the period
or the war and for such period after
tne declaration OF peace as the board
OF managers may hereafter Geterra inc y
Opon the adoption of this amend
ment the board of managers passed
tHe io!I"wlng resolution:
hereas, the cotton committee an
pointed by the President and the War
industries Board las Recommended
to the board of managers Of tha Nna, >asa
lork cotton Exchange that II aka
steps to place Immediately a limit Of
: cents per pound on fluctuations in
lhe price Of future contracts in any
on one day, instead of limit cf 8 cents
Per pound now in effect; and ''''
hereas, the beard Of naDaeors
mas mas adopted rule in accordance witb
thls rec"mmendation, which rule. under
me wording Of oar bylaws. cannot
take i.9,- effect until October IS; and
:" hereas, the board of managers
Mlshes to comply Immediately With
ehe Recommendation OF the said cotton
committee; ''0''
"I:Eerefore be it resolved. That anv
trading in future contracts on thy thy
moor OF this exchange ar fuctua+;nn ;lo
IN price exceeding the limits nar,ad ~.
hule 30, IS this day amended. VII ha
considered conduct detrimental to the
PEST interests of the exchange and 10
me welfare Of the United States and
WI " be dealt with under Section ~ of Of
me bylaws of the exchange"
New-York tribune., 1918-10-06
Maximum Prices
Are Given Trial
In Scandinavia
Governments Are Trying to
Regulate the Advancing
Costs of Living

All the Scandinavian governments are
living and are taking steps to ascer-
tain actual conditions in order to rem
cdy, so far as possible, the discre-
pancies between the necessary expenses
and the earning power of the people,
especially the laboring classes.
One method of relief is the fixing of
maximum prices of articles for do
mestic consumption, according to the
American commercial attache at Copen-
hagen, Denmark. When these are fixed
low enough to satisfy the consumers
the domestic producers usually COM
plain that they are below the cost of
production. The government under
takes to equalzc this by fixing high
minimum prices for exportable prod
ucts. For example, the maximum price
that the retailer is permitted to charge
for butter in Denmark is $40 crowns
per kilo $50 cents pound). The ex-
port price, however, is 8 crowns per
kilo (97 cents pound). The present
cost OF producing butter IS about AZ
cents pound. If the producer re-
ceives 81 cents for domestic butter he
loses / cents on that, but makes 49
cents on all he is permitted to export
Chat is, the surplus over home re-
quirements). When he can export as
much as 19 per cent of the production
at this price the producer does not lose
on the whole. At the moment the pro-
ductiOn is at the rate Of about 10000
tons a year, the consumption $4,000
tons and export 10000 tons (281a per
cent?. Thus the present butter regula-
tions seem to protect both the con-
sumer and the producer.
Butter conditions will change for the
worse when the cattle can no longer
feed on grass, for there will be a short
age of imported oil cake, which is the
mainstay Of the Danish daries.
Low minimum prices on imported ar
ticles or on domestic products like
wheat, of which there is no perceptible
export, must make loss for the gov
crnment, and this is being made up by
increased taxation, generally regulated
to bear hardest on the largest incomes
Another method of RELIEF, which also
costs the general taxpayer. is special
salary increases. At present these are
arranged to favor the laborer more
than the middle class salaried men. It
is claimed that butchers clerk now
receives in salary and bonus more than
d university professor.
New-York tribune., 1918-10-06
Reserve Member Banks Regrouped

Pursuant to the provisions of the
enacted September 26, the Federal Re-
serve Board has regrouped the mem
ber banks in the New York district
with respect to the election Of direc-
tors as follows:
GrouD l. Banks with capital and sur
plus Of over 81 100000. This includes
iifty-tive banks, of which all but six
are in New York City.
Group 2. Banks with maximum CAPT
tai and surplus Of S1.999,O 900 and min
imum of S201 900. This includes 1870
banks IN the larger and medium sized
cities.
Group 8. Banks with capital and sur
plus under $201 900. This includes ATS
banks in the smaller cities, towns and
villages.
The former grouping was arranged
by dividing the banks into three groups
of practically equal numbers; banks in
the first group having had capital and
surplus OF 100000 and over, those of
the second group capital and surplus
Of $4,000 to $195,000 and banks in the
third group capital and surplus Of
S65.0O0 on under. The law now pro-
vides that director of Class A can
only be nominated and elected by
banks which are members Of the same
group as the member bank of which he
is an officer or director. An election
will be held on November 10 to elect
two directors of the Federal Reserve
Bank of New York, to represent the
banks of Group 3; namely, those in the
smaller cities. towns and villages
New-York tribune., 1918-10-06
Relevant Comment
International in Demand

American International in Demand
Yesterdays session on the Stock Ex-
change was enlivened by spirited buy
ing of American International shares,
which carried the. price at the close
up to 561t. q gain of 2A points. This
price was within 2a points Of the high
for the year. The strength of the is
sue was said to be reflection of the
recent advances in the stocks Of COM
panies in which it has substantial in
terest. The list includes international
Mercantile Marine. United Fruit, Pacific
Mail and the United States Rubber
Company.
New-York tribune., 1918-10-06


-. SpeciaI Meeting OF the Stockholders OF
al the office of this Company in , ~
Jenerson County, kentucKv an N.a,,,'sssssvv' 30 -
october - 1918. at ? o clock noon I'D.
81 ~ ''ne' me, iul me following purposes, viz:
70 aulAorlze. approve and. ratifv II, N.
execution and delivery Of Z, cnntrac. ~ - ~
80. - 80 zen tills Company separately or
proprietary and affiliated conpanies al
party or parties of the first narf "a -
Nin.eu otates, or its representative ar
party or the second part. relating TO the
compensation TO be paid for the nSssess:nn
Us use ana ana control of the railroad and svstern
OF trans2orlatloH. and its appur,enances a
s .ils company and OF such Of its propric-
tary AND affiliated comrani,s n 80, a.
snail be parties to such contract s,,d -, ,hs
operation, na,ufenancc and return Of 81 N
properties. and to any other matter crr.
necleu WIN or growing out Of ,ho taking
o:ei OF the SAID properties by the President
or the United States. and 90 any scficn a
the Board of Directors OF this Corananv "a
respect thereto; to authorize the sad 3 ARD
tl) TO alter amend or add to sfirh cnu-
tract, (2p to collect the com pe..satian % bs
paid unner such contract. and. ( said con.
tract pc joint. TO agree WITH the otnsp
companies parties thereto Z : To he ,if..i lion
OF said compensation. and 10 take an sich
other and further action as tn. said lard
shall deem necessary to secure ade1ua,e
maintenance, and a timely return of the
properties 50 taken over. and generally 10
consider and act upon any and all questions
and nratttrs incidental u the purposes
aforesaid ar growing out os he aforesaid
Federal Control Of properties Of this come
pany and It's proprietary ana affiliated com.
panes.
For the purposes OF the meeting the hooks
for the transfer Of stock VIII be closed at
o'clock +. NJ. Tuesday. September y. 1915.
and VIII be reopened a 10 O'Clock a M
Thursday. October TO- 1918.
BY order OF the Board of Directors
HUGH NEILL. Secretary.
New-York tribune., 1918-10-06
Argentine Loans Renewed

The Argentine Minister Of Finance
has renewed two short term loans with
the Buenos Ayres banks to a value Of
s4,75O,000 The term of renewal was
the usual one-180 days-rate of in
terest 51a per cent per annum. It
would appear from the statement of tho
floating debt lately submitted by the
Ministry to the Legislature that the
loans renewed are: One to the amount
OF S2,oOO,O0o obtained from Bunge G.
Born, the previous rate of interest hay-
New-York tribune., 1918-10-06
Cash Demand for Bonds
Small Denomination Liberties
Are Being Well Taken

Loan workers observe larger de-
mand for bonds for cash at the booths
throughout the city than in any of the
previous drives. Baby bonds of the
$50 denomination are in greater de-
mand than any of the others.
Up to the close of business on Oc-
tober 4 550,314 bonds valued at s62,-
675,35O were sold for cash in the Sec
ond Federal Reserve District From
October 2 to 4 the number of bonds
delivered increased by 1O6,612 and
the value of the bonds by S14,994,S5O.
Following are the deliveries up to
October 4:
New-York tribune., 1918-10-06
Liberty Taxable Issues Higher

With the exception of the 3la per
cent non-taxable issue, Liberty bonds
continued to advance yesterday and
their closing prices showed substantial
gains over those of the last sales of
the week preceding. The favorable war
news, bringing the prospect Of peace
nearer, was probably responsible for
The strength in the taxable loans, while
the same reason was advanced to ac-
count for the weakness in the 3 Us.
The latter closed yesterday at 100.16,
compared with 10042 week ago, while
the later issues showed gains of more
than point for the same period.
New-York tribune., 1918-10-06
Wealth Markets and Commerce @
Catching a Loan "Slacker"

GREAT banker walking the subway, his progress
by thought Of strenuous
Liberty Loan campaigning day of rest in sight But his
way suddenly barred by young lady soliciting ubscrp
tions "Buy Liberty bond" she cried He ignored the
peal his way pass her. but she not
to be denied easily Grabbing his sleeve she said: Don't
be loan Stacker Buy just bond "But have bought
some' he answered He had-a million dollars worth. We,
where BUTTON hen?" she demanded He had to
display and cheerfuly paid the penalty by entering 500
subscription.