davidaulloa/AmericanStories huggingface dataset:
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-06-18
tceniinued from Second Psee)

keep the good name the America
soldiers now have both N EnElah'
] and In France
Your commissioners are glad t.
unite In this testimony to the ehsi
Z acfer Of the American ENpedHlenafl
Force Located as these men have
been in the cart onwcntS IN the nl'f'
states. protected rs no army has eve
been protected before from the -
saults OF the dram seller ana 'hf ma
let strengthened by the reCreA'lonai
entertaining. social. educational nn'
religious Influences furnished by lN'
Y M e A the \ W. {. 4 various
civic associations and the new force
of chAplains taken directly from iht
active ministry, the whole o"o4 as
sen1hlea hv the Stlectiye drafi method
from the very flower ~ our Young ire
II liz not too much TO SAY that lh'
world has never seen larGe arms
marsha He'd and trained under such in.
nuences, with such high standards
No army has ever been assembled In
the United States or IN any othrf
country which il "a free from drunk
enncss and Vice aS the army which
our roVntfv has sent to Europe and
is training in the camps AZ home
SECOND The change IN cnN'ren-
r,enf7 referred "a 10y General Persh-
tn~ has been great Removed litl''
training camrs iR America tree from
vice and drink tn-> arc landed ~ SEA
ports in foreign countries where prdS-
ticaliS no restriction Is placed upon
immortality or the sale ~ iH'"NlI9h's
by either civil or military law t"7
titufes from houses, lnsPec't" |i'D H.
censed by the state, street NttH'IN
women OF easy virtue swarm '','' -
dsers ana sailors "SI''' i''l2 ~ '',''.''..
and Paris ne adNilF ..'" HI
enlars rom Ahlei .,.,' III III so iii
qosrteFS ot ~, ,..-,.r.. ssyr4i
Anefieah So'"''I ,,,..,t ,,,,t.
sestin eng ar - 20. w.. ,,. ~ r,
Nsse "lhle,'' - ,,t,[.i,s of ,,ra.,t
aeAise SHPP9' 49,, .', ,,,, - raparded
% fs' 'tss'I' .,.,,',.~s ,s "a speries Of
~ 1ian' ,4ar.r- orr puritanIral
s.s - ,'n ,,r3,,stiaable nm
.-an,at4, ,rg,,r,,retrout ,f the per
lat I,hert, Of tbr soldiers who II 5~
x,a,,- a., Jew of fhe sacrifices
- r,sL3rc should he gwen the
rs,s,so,lfttngt,t TO indulge their appetitfs
shaala ,hev so desire Indeed thu
French idea goes So far as 10 propose
fhst medically Inspected women he
f,,rraisbe. for The army that soldiers
NAY ne, I've deprived o. their sexual
indulg ences and thus ae more con-
tented with their lot
ff,hx attitude toward immortality
avn anr The soldiers ana sailors ls APP
The sun., 1918-12-05
Copper. and the Industry.

The best information available in the
financial district yesterday concerning
the dividends OF the so-called porphyry
COPPER companies, whose directors meet
Friday. was that the dividends OF Utah
and Nevada Consolidated would be the
same. but that those OF Chino and Ray
might be reduced. This lad its in
fuence in the declines IN the copper
shares. but 1t was the opinion Of con-
seryative students OF the market and ot
the copper situation in general that the
great influence was the growing ap-
probation OF the condition Of the indus
try. 1t is believed In the street ard in
tie copper trade that there is only one
direction for the price OF the metal 20
take, and that is downward. The cop
per producers are reported heavily
stocked with metal indeed estimates
Of copper on hand and in transit made
in Wall Street yesterday ranged from
400. 100000 10 S00,0O0,000 pounds,
whereas the annual production Is about
ZOO. 600. 900 pouULs, In addition to
this domestic situation il was pointed
out that with Chile and other South
American companies coming into produce
t!on a. market factors in the next year
the price OF copper certainly could not
rise. In similar manner was explained
the frmness OF National Conduit. IL
the price of copper is reduced then that
company. il was said. would be a buyer
and with what was called the worst
period past, with the period OF financial
loss apparently over. the company would
benefit by what would tend to affect the
producers IN tho reverse fashion.
The sun., 1918-12-05
Rubber Meeting To-day.

Speculation for the decline in Rubber
Yesterday was successful for time
while Wall Street considered the proo-
ability Of dividend action at to-days
meeting OF the directors Those con-
versant with affairs OF the company de-
clared that no dividend announcement
could be expected now, but that what
ever might be discussed or decided In
that regard would probably not be an
nounced until the meeting on January :.
But Il was said that to-iay's meeting
might possibly result iii an announce
ment OF other Importance and buying on
that account overcame the effect OF the
short selling that had caused the decline.
One commentator thought that that sell
ing was illogical in view OF the state
nent made some time ago concerning
the company's earnings. II will be re-
called that in its application to list the
United states Rubber per cent. notes
the company's statement showed earn
ings for half the current year equal TO
s2l64 a share for the common stock.
This showing, taken with the revelation
OF a net working capital of se3.Sil,SSh,
was thought 20 warrant the recent talk
Of accumulation IN the common shares.
The sun., 1918-12-05
Loans SIN Rertricted.

In view of the removal OF the require
ments OF heavier collateral margin over
loans by the money committee, 1t would
seem that some definite step had been
taken In keeping with the general bellef
that easier money conditions would come
in the new year After the close yes
terday n leading broker declared that
immediate easing Of the money relns
could not be expected. The letter of the
money committee to the president OF the
Stock Exchange had for its conclusion
the statement that in the event OF de-
velopments necessitating such action the
committee would request the associated
banks to exact requirements for addi-
uonal margins. II was, Furthermore
explicitly stated that there was no
change IN the situation to justify an IN
crease In the total OF the Stock Exchange
loan account, and that 1t was not PROB
able that additional funds would be
available for Stock Exchange while the
Government continued as a borrower on
the present large scale. Attention was
called last week to the daily Treasury
statement to ascertain the timo Wnen
money conditions would become easier
The average daily expenditures OF the
Government IN the month prior to the
signing of the armistice were between
ss5, 600. 900 and sso.000,0o0. Four days
after the signing OF the armisuce they
were sS4 1000, 900. On November % they
were 100000, 600; November 20. >0J,-
oe0. 900; November &c. sS3,000.oOO; No
yember .a7. $1,000. 900. and November
es. the latest reported, s42, 100000.
The sun., 1918-12-05
studebaker Financing.

Negotiations for financing the extern
sFons contemplated by the Studebaker
Corporation have continued. Since Pres
ident Erskine's statement that there
would be no preferred issue informal
meetings have been held at which the
officials and the bankers OF the company
have given serious consideration to q
note issue. How far the negotiations
have progressed could not be ascertained
yesterday, because OF the details that re-
manned to he completed. But II was
understood by those who had conyersed
with various interests In the company
that when the final plan for the note is
sue is announced II vii! carry such terms
as will NOT tend to Increase the market
value of the companys present securi-
ties. It was presumed that this meant
that a definite limitation on dividend ac-
ton would be included in the agreement
The sun., 1918-12-05
Closing Rail Negotiations.

When William g. McAdoo vacates the
Office OF Dirsctor-General of Railroads
on the first OF the year all differences
between the roads and the Adminlstra-
tion are expected to be settled and most
OF the contracts signed. In fact. the
important differences regarding rentals.
allowances for depreciation and equip
ment have been virtually adjusted.
Though there may remain some minor
matters for the successor TO Mr.. McAdoo
to attend TO. II Is expected that all points
Of negotiation between the Railway Fx-
etutivss' Advisory Committee and the
Railroad Administration will have been
settled Wall Street was not ready to
make a guess AS 10 who would be
The sun., 1918-12-05
BANKERS MODIFY
LOAN RESTRICTIONS
Borrowing Margin for Sto.l
Trading Reduced From 30
Per Cent. to 20.
WARN AGAINST GAMBLING
Higher Rate Will Be Restorei
If Undue Speculation Is
Renewed.

The Bankers Money COMMITTEE "A.
nounced yesterday that a; is r-e,.,
on Tuesday t. had taken anothe- %.
toward the removal of all restriction, ..
credit by restoring the old margs -.
quirements of 20 per cent. In exc.s. =.
market value. 1t was said in aua-,,,
regarded as conservative that the Nj
Committee might be dissolved By =,
close of the year aYd that the Law y,
supply and demand might he perr1,...i
to work without artificial hmdranee
The action Of the Money Commr,. d.
was brought about by the request 0, p. .
Stock Exchange committee o, a,.
headed by II. g. s. Noble. pres.dsn, !,
the Exchange, who pointed OFT that !.
financial community was now alv. p,
the importance Of preventing the voju-,
OF loans upon securities from sn,rea.-,
and that the requirement OF nargir d
from 80 TO al. per cent. has ceased !,
be necessary.
In acceding TO the reQues, for a 20,
toration of the old margin req,,-e-,sr,
the Money Committee warned tia, d,
the event OF developments -ecessi,...,
such action the committee would reul,'
the associated banks to exact reoy,,..
ments for additional margin. On N..
vember 80 Mr.. Noble wrote TO Benia,
Strotg, Jr.. governor OF the Federal n.
serve Bank in New York IL part a, to,
lows:
THE importance OF preventing =,
volume of loans upon securities ron
increasing at present Is thoroughly q,
derstood and appreciated BY the ana,,
cial community. II would seem, ta,r.
fore that the Money Committees "a.
quirement OF a margin OF from 20 4
31h per cent. on Stock Exchange los,,
has ceased to be necessary.
This requirement works many Nsr!.
ships and produces serious intust!cs
and believing as they do that the inAs.
ence of the banks and OF the EXCHANGE ,
amply able to control the situation WITT.
out It, the Stock Exchange committee .
which I am chairman, would urge tn
the Money Committee consider the 81.
visibility OF having this add.tio-a. III.
gin requirement withdrawn"
To this request Chairman Strong p,
terday replied as follows:
t"Your letter OF November 50 was SIS.
mitted to the Money Committee a, !
regular meeting held yesterday a..'
noon.
There has been no change II re s..
alton to justify an increase In the TOD
OF the Stock Exchange loan account az.
1t is not probable that additional f.-t
will be available for Stock Excha. =
loans 50 long as the GoverrNan; con
tinues to be a borrower on tie .rs;e-
large scale; nevertheless, az your ie.t
states that the exchange Is amply an
to control the situation without c3n.r.
ing the requirement by the ,ead.uE N4aa
of additional margin. a. outlined w "a
committees letter Of October -. D.
committee has decided ~ a.,eds So o.
request contained in your letter e.: NJ
yember 80. and viii n on" coU~-
cate with the associated laa&s l
city to that effect.
In the event OF devolopuS --'
stating such action tlc ooTu.'--a ~
| request tho associated BAN p. '..
requirements for additions. margin
The sun., 1918-12-05
GOSSIP OF WALL STREET.


The irregularlty OF the stock market
yesterday was due solely to the opera
lions OF the so-called professional trad
ers. who worked alternately in and out
OF dull market. Wall Street was wait
ing again for a striking factor that
would serve as n basis for a definite
trend. just as IL had waited FOR Presi-
dent Wilson's address to Congress. Some
thought that the market was awaiting
the announcement of the successors TO
william q. McAdoo as Secretary of the
Treasury and Director General OF Rail-
roads others thought that 1t was large
ly matter of what the annual report
Of the Treasury would divulge as to the
amount OF funds required to liquidate
the Governments obligations on war
contracts and to finance the Government
in the next year. But the ultimate
meaning OF the traders delay in taking
q definite stand was that during the ses-
sion no official word was received as to
restrictions on brokers' loans. The ex-
tent to which this waiting had influenced
changes in prices and contracted vol
ume OF business was somewhat enlpha-
sized by the multiplication Of rumored
moves" coming in more or less impor-
tnnt specialtles.
The sun., 1918-12-05
California; Petroleum.

Pool operations in California Petro-
leum resulted in an advance yesterday
in the common shares. The buying was
accompanied by repeated rumors that
the directors would at their next meet
ing order the payment OF deferred divi-
bends on the preferred shares. Interests
in close touch with the company declared
yesterday that this action had not been
contemplated, but that that fact did not
exclude the possibility that the directors
would give consideration 10 the matter
when they meet again. No date had
been sat yesterday for the meeting. II
is usually held at the end OF the nrst
week or the beginning OF the second
week Of the month.
The sun., 1918-12-05
MERCHANTS BANK PRosPEHi
Canadian Institution shows tai"
In All Departments.

The half yearly Statement i's... =
terday by the Merchants Sam - ..'
ada. covering the period ended "'o'
81. shows large gains In ever ar.
ment. The report is CONSIDERED d, Pc
more remarkable. as i covers o. %
most critical periods in =" -.s'o- d
Canada, and Is regarded as ~a s.-'.'
agement 20 business men t-r9-gEo- =
Dominion.
The report shows suleta-::s. e...' >
current loans. liquid and t''a. as,''
The increase IN savings depoe. 5 --' p
sents an increase OF so Pc s-.' a"
the same period last year. Tie oe7.--'
deposits stand virtually unchanged -
the year.
Savings deposits amount 20 'ioa9'!
900. against S6e,S97.j55 \ yea a.
Current loans and discount a-e ora
$4,000. 900 and show a ga. O., !.
coo, 600 over last year Tie '"'7. as"'
are s165.e24.436, ar 'n-resse - y,
355,7sS, and over 81 200 ''" 80 .'''
assets
The sun., 1918-12-05
Exports From New York

Exports from New YORK r.,''7-''
Guided: Wheat. bu.. ts..- -. 'r'.
$3.50 beans. bu.. 25.s6o, "N I'N
1856; grass seed. bags .'f~
s+s. 500; hams, lbs .'a.y-, "'
43J.20> rye. bu, 2lc.i-' i.
u,j7i. -four. sacks. ,--.'.. '' o..
lbs. 67l,IO0 lubricat.gS col,
600; bacons, lbs, >s7,"-i
1850.
The sun., 1918-12-05
London Money Market.

LONDON, Dec. Mooney. 9 per cent {;
discount rates, short and three month
bills, 1882 per cent. gold premium at
Lisbon. 90; consols for money. 5sS !;
British per cent. loan. 94ls: British
Az per cent loan. e9A.
The sun., 1918-12-05
UTAH POWER BOND ISSUE
81, S41, 900 Worth Ohered
Harris, Forbes & 60.

Harris. Forbes & 90. aa.r r- .'.
and are Offering to-day a. >s-l ''a ,
terest. netting about SO yer cr.'. -.
S47 900 Utah Powe- a.l IaEa. 'o.i-
FIRST mortgage ro- C-', 9 t t'..'
dated February =. 1915. dIs t,-,,''.
1914.
The bonds ara secured b" '~-'
gage on the company pr..---N q. u"
and Idaho and throuS. % .,-o'.
securities 10y tlrst iieu oa f--;".F
Colorado. and are part a. 81 s-
which SEQ. 966, 800 are ..s'.L OFF. O..
York stock IrXClluSn.
The sun., 1918-12-05
ELECTIONS AND MEETIYGs.
EARNING STATEMENT,
Railroad.

CANADIAN PACIFIC.
Fourth week Now. $4,000 Dec. Ss5 600
From January l........ l3s. s7ssss Inc. cI26, IT
GRAND TRUNK.
Month Of September
Net earnings. .......... ESQ $50 Inc. G55, so
From January l.
Net eArnings........r.. g14, 80 Dee. 100 100
ueports to Interstate Commerce Commissiou.)
NEW HAVEN,
Month Of October
operating revenue. s985.lS Inc. 81, 64s, I6O
uperatlng incoIne...,. l67,72S Dec. sl7, OiI
= From January l.
Operating revenue. IS 055, III Inc H. Al so
Operating income .,,,, L, 3O3, ISL Dec. 5,Sl9 S61
The sun., 1918-12-05

named as Mr.. McAdoo's successor. but
IL was interested TO such an extent that
that appointment, supposedly decided
upon to degree before the President
sailed t. Europe, was considered one of
tAe fse,-.- tbs, made the market
The sun., 1918-12-05
Paris Market Quirt'

PARIS, Dec. 4.-Trad.r- ra- 49, ..
the Bou-se to-day Tire.
Ieutes. 50 francs ~ cent
sNclauga on London. ." ira. .
times . per cent .,3n - -.1
confines.
The sun., 1918-12-05

traders AFFAIR. What the financial COM
munity heard was that the man WHO
would be put at the head of the railroads
would be entirely satisfactory 10 every
one In Wall street, Washington and else
where
The sun., 1918-12-05

pending
prices outside OF the regular full lot
The sun., 1918-12-05
MONEY AND EXCHANGE.
CALL RATES.

/
Sixty days 90. .o%Is Three 10 az
Ninety days. 54ads months ...... SE0S
ACCEPTANCEs.
90 days co days. % days.
Bid Ask. Bid. Ask. Bid. Ask.
Eligible member
banks .,........ - ~ ~ ~ ~ 81
Eligible non
member banks. 4a ~ +,s ~ ~ AZ
bills .......,.... 5ls Bis 5 s. s
CLEARING HOUSE STATEMENT
Clearing House. exchanges, 1914, 04 lI2: bal
auces So. ~. 3SS; Sub-Treasury debit bal.
ances, t5.C6l. 20: Federal reserve credit bal
ance. $3s,337.sos.
DOMESTIC EXCHANGE.
Boston. par: Chicago. par; ST. Louis. 26g
lie. discount: San Franci SEQ, par; Montreal,
S7.bo premium; Cincinnati, par Minneapolis.
SILVER PRICES.
Bar silver In New York. Noih. uu-
changed: in London. 4Skd., unchanged
Mexican dollars, 77Lc., unchanged
FOREIGN EXCHANGE
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1918-02-25

The Music Study class will meet to-
morrow afternoon in the high school
art gallery. Miss Elizabeth Hasemeier
and Mrs. Fred Bartel have charge Of
the program. The subject for the az
ternoon is "Sonota." The following
program has been arranged:
Phantasie (Phantasie and Sonata in c
minor) (Mozart) Mildred klute
Second Piano Arrangement by Greig-
Miss Elizabeth Hasemeier.
The Lord is My Shepherd (SchuberD
Mrs. F. w. Kruger, Mrs. George
Bartel, Miss Ruth James, Mrs. o. G.
Krone, Mrs. F. J. Fartel, Mrs, w. j.
Smith, Mrs. w. II. Rooney and Mrs.
G.. S. Marvel.
Moonlight Sonata tBeethoven) Miss
Marjorie Pennell
The Violet (MozarO-Mrs. John D..
Marshall
Sonata in F Major No. beethoven
Miss Carolyn Hutton
Drink to Me Only with Thine Eyes
(Mozart)
Cradle Song (Braams) - Women's
Double Quartet
Fantasia in p Minor (MozarU-Miss
Mary Porter
Members of the I'ri Kappa sorority
in Rushville have adopted unique
plan to aid the Red Cross. Large
blocks for a quilt will be sold and
each person who buys one will EN-.
broider her name on it and return it..
These blocks will he made into quilt,
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1918-02-25

80 ~ (Ha9 ~

which will furnish many convalescent
soldiers with amusement The squares
will be of white muslin, embroidered
in red Many of the girls will en-
broider her address along with the
name SO that they may hear from the
Sammy who uses the quilt
Miss No, ella Chrystal Jacobs, blind
pianist will give concert THIS even
ing at $3.50 o'clock in Red Mems hall.
A small admission will be charged at
the door.
The February social committee of
the County club have arranged dinner
and card party Wednesday evening at
the club. The dinner will be at $50
o'clock with the card party following.
This is the last social event for Febr-
uary. Mrs. r. G. Leeds, chairman of
the social committee will announce
the March committee some time soon.
All members of the club are invited to
the party Wednesday evening.
The Loyal Helpers will meet Thurs
day afternoon with Mrs. Marie Weld
onbach at her home on the New Paris
pike.
Miss Margaret Beasley who is study
ing in the Metropolitan School of Mu-
sic in indianapolis, spent the weekend
with her parents, Mr.. and Mrs. Will
lam Beasley.
The Tirzah club will meet Wednes-
dow afternoon with Mrs George ThUr-
er at her home.
Miss Aisle French of Newcastle
spent the weekend with relatives
here.
Mrs Lester Turner has returned to
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1918-02-25
THE RICHMOND sUNTEEGRAn MONDAY FEB

her home in Dayton after short visit
with her mother, Mrs. Lena Won Pe1n.
Mrs. Turner was formerly Miss jean
cite Won Fein of this city.
Emmett Barrett who is located at
Waco, Tex, is here for ten days visit
with his parents.
Willis D. Rich is slowly improving
at his home north of the city after
two weeks Illness.
Marc Snofer who is now employed
in the Bethlehem Steel works IN
Bethlehem, Penn, is here for week S
visit with his parents, Mr.. and Mrs.
George Shofer.
Mrs f. f. Reed and son, William,
spent Sunday in Connersville with
Mr.. and Mrs. Henry Silyey.
Miss Lola Clemmer of Dayton, O.,
spent the weekend with Mr.. and Mrs.
Everett McConaha at their home on
North Eleventh street.
Miss Ruth Hieger who teaches in
the high school at Wellsburg, w. Va,
returned last evening after spending
several days with her parents, Mr.. and
Mrs. Henry G. Hieger.
Mr. and Mrs. Robert Crane Of Day
ton, O., spent Sunday with relatives
and friends here.
The U. T. c. social club will meet
tomorrow afternoon with Mrs. Harry
Rae A full attendance is desired as
officers will be elected.
The Hill Top Sewing circle will
meet Thursday with Mrs. Paul Ross
instead of Friday.
Mrs. Millard Warfel received a tele-
gram Saturday stating that her son,
Don, who has been located at Waco,
Tex, has been transferred to a camp
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1918-02-25
Distinguished Dayton Pho
tographer to Open New
Studio in Colonial Bldg.

c. E. Cain, the we'll known artist
photographer who has successfully
conducted studio in Dayton, Ohio,
for the past thirteen years, has leased
beautiful suite of rooms in the Co
lonial Bldg, which are being fitted up
in a very artistic manner, and equip
per with the most up-to-date accessor-
les known to modern photography.
The quiet, home-like air of the dec
orations, coupled with prompt courte-
Gus and efficient service, will make
the Cain Studio attractive to those
DESTROYS of obtaining distinctive por-
traiture.-Adv.
The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1918-02-25

day will be spent in sewing for the
Red Cross. A picnic luncheon will
be served.
The Home Economics class will
meet tomorrow afternoon with Mrs.
Harry Lands at her home on the Mid
dleboro pike. Mrs Mabel Greenhoff
will be leader for the afternoon giving
a paper on "Why and How to Save
Meat" The responses to roll call will
be "My favorite breed of chickens"
The East End Red Cross will meet
tomorrow afternoon with Mrs. O. E.
Weaver at her home, 327 North Eigh-
teenth street.
A pretty wedding was solemnized
yesterday afternoon at Reid Memorial
Presbyterian church when Miss Will
ma Willett, daughter of Miss Lille
Willett and J. A. Fuchs Of Dayton, O.,
were married. Rev. ]. S. Hill officiat-
ed, using the double ring service. The
bride wore a becoming suit Of dark
blue with black hat and grey shoes.
She wore a corsage of brides roses
and sweet-peas. The ceremony was
witnessed by only near relatives OF
the bride and groom. including Miss
Helen Clark of Indianapolis and Miss
Bonnie Butler of Cambridge City. I'M
mediately after the ceremony Mr.. and
Mrs. Fuchs left for Dayton, where
they will reside They will be at home
to their friends at 1902 Brown street
after March 10. Mr.. Fuchs Is employ
ed at the National Cash Register COM
pany.
Mrs. Edmund Hiatt has returned to
her home in Kansas City after spend
ing three weeks with her parents, Mr..
and Mrs. John N. Nicholson.
Mrs Edwin F. Way who has been
visiting her daughter, Mrs. David NJ.
Edwards and Mr. Edwards, will return
to her home in Michigan City this
week. Mrs. Way was guest of honor
at a pretty Martha Washington party