davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-03-29
Irving National
Cooperating With
Big British Bank
Arrangements Made for Bet
ter Handling of Interna-
tional Transactions

Another step toward the cultivation
Of closer financial relations between
England and the United States has
been taken as a result of the agree
ment just concluded between the Irving
National Bank of New York and tho
London Provincial and Southwestern
Bank Ltd, Of London, one of the larc-
est OF the English banking institutions
ACCORDING to an announcement made
Yesterday these institutions have en-
tered into close reciprocal wor,s;no
arrangement for securing better and
mere specialized handling Of Anglo
American business. the object being to
afford each institution facilities for
handling trade and finance between tho
two countries without competing for
the internal business of the other hank
IN its own country
Under the terms OF the agreement
the English bank will be. the princj-
rai correspondent and representative
OF the Irving National in the United
kHgdom and in turn the local institu-
ton VIII represent the London Pro-
vlncial IN this country.
A detail of the arrangement prov;dos
.or the establishment of an American
department. in the London Provincial
and southwestern Bank and an English
department in the Irving. Similar ar.
rangements have been in operation be-
tween banks III foreign centres for
some time. 1t is expected that tho
Irvlng VIII extend this idea on it's own
behalf to other parts of the world
The London Provincial and South :
western Bank, Ltd, has nearly six hun
dred branches, covering London and the
chlei provincial towns throuehout
England and Wales, and is the result
OF a recent amalgamation of the Lon.
don and Provincial and the London and
southwestern Bank. Ltd. Th:, bank is
car.talized at $2O,ooO,O00 and has do. -
posts OF $375,000,OOO.
Since the war began bankinp rela-
tons between England and the United
States have become much more int;1
mate, owing to the fact that th;s
co,untry has been chief banker to the
Allies. About year ago tho Federal
Reserve Bank Of New York made a
rec1Prccal arrangement with the Rank
of England. 'e "a"A
New-York tribune., 1918-03-29
N. Fl. Preferred
Observation-Disclosures
After McAdoo Acts
Pearson Announces Gov
ernment Plan Precludes
Need of Issue

President Pearson of the New York,
New Haven & Hartford last night an
nounced the offer Of the proposed issue
of preferred stock would be withdrawn
as result of the arrangement Of Di-
rector General McAdoo to handle the
reilnanclng. His statement follows:
Tho New York, New Haven g. Hart
tord railroad Company announces that
subsequent to the companys circular
of March l2 legislation has been en-
acted OH March 81 relating to the op-
Grafton of railroads when under Fed
eral control, which requires approval
before the issuance of preferred stock.
Inc reiinancing Of the issue Of notes
maturing on April Is has been ar
ranged by the Director Gene.s:. The
offer of the proposed issue Of pre-
lerred stock will therefore be with
drawn. A circular to this effect is
helng prepared and will be mailed to
INC 5tockh olders within a day or two"
Mr. McAdoo's announcement that the
New Haven notes maturing April IS
would be met with funds from the
$$ooo,ooo,0oO revolving fund provided
for under the railroad bill was fol-
lowed yesterday by an advance in the
quotations for the issue to 991a to 700.
compared with 94l3 to 90 on Wednes-
day. When the notes sold below 90. a
few weeks ago, heavy speculative buy
ing was reported in the belief that the
government would take care of them.
New Haven stock was also favorably
affected by the Director Generals an
nouncement. Opening at 3OA yester
day, an overnight advance of 2sA
points, the closing sale was at 29ls
a net gain of ia points. The total
turnover for the day was 4.9OO shares
New-York tribune., 1918-03-29
Nesu York's Quota in
NetU Loan 80 Per Cent

WASHINGTON, March 2S.- Subscrip-
ton goals which each Federal Reserve
district will be expected to reach or
pass during the third Liberty Loan
campaign, opening April 6, arranged
today by the Treasury, give the New
York York district 80 per cent of the SO 3,O00,-
100000 loan total, or $9OO,OOOo0o. as
ITS share, the same as in the second
loan. The Chicago district is allotted
IA l-6 per cent or $425,OO0O0O, and the
Cleveland district 10 per cent, or
$300,000,00O.
In calculating the wealth and general
BUSINESS conditions of various districts
as the basis for the quotas it was found
Boston had been given dsproportion-
ate share in the second loan, and the
distrlct,s percentage has been reduced
from 10 to 1-3 per cent. Cleveland
minneapolis and San Francisco were
given the same proportions as in the
second loan, and other districts were
raised slightly.
Quotas by districts are as follows:
TUIRD LIBERTY loan
New-York tribune., 1918-03-29
Van Antwerp Sells Seat
Broker, Now Naval Officer
Gets $55,ooo For Mem
bershiD

William c; Van Antwerp, senior
partner and floor member of the StoclE
EXehange g N: firm Of Van Antwerp, Bishop
~ ~ o, f'sh' ma has sold his seat Oh the ex- x
Grange lor 9oo'ooo, according tc an an.
nouncement Yesterday. The buver vas
CLARENCE c. Friend. Mr.. Van Antwerp
according to a statement by one of b;s
partners last night, will retain his in-
terest IN the firm, which has it's Offices
IN the Mills Building, at IS Broad
street. 1 y" u
When the United States entered .ho
war against Germany Mr.. Van Antwsrn
1,osned the forces Of Uncle Sam as a
lieutenant in the navy Only recently
word was received here that he had
been promoted to the rank of lieuten-
an ah'e.commander He is now stationed
The price obtained for his mcmber-
snip was $1,000 below the last previous
New-York tribune., 1918-03-29
Liberty Loan
Committees Ready
For New Drive
Citizens of Foreign Origin
Organize to Help
Flotation

The actual work Of selling Liberty
bonds in the Third Loan campaign,
which is to start on April 6, will be
done by the distribution committee,
whose personnel has been changed in
several instances since the last drive.
Allen B. Forbes, chairman of the COM
mittee, yesterday notified the main Lib
erty loan committee that his group was
prepared to start doing its share in the
placing of the loan as soon as the
order to begin came.
Increased by seven, the distribution
committee will play an exceedingly i'm
portant role in making sure that every
part of the I'd Federal Reserve District
takes its allotted quota of the new Az
per cent bonds. Two Of the new men,
bers are women-Mrs. John 7. Pratt,
chairman of the Woman's Liberty Loan
Committee in the last campaign, and
Mrs. Cortlandt D. Barnes. chairman of
the Metropolitan District Of the Wo.
the second Liberty Loan campaign
The other additions to the committee
are: Harold Stanley, vice president of
the Guaranty Trust Company; Arthur
b. Leach, head of the bond house of
A. B. Leach & Co.; S. L. Strivings,
president of the New York Farm Blu
reau Federation; William II. Remick,
chairman of the committee of New
York stock exchange houses. and George
de B. Greene, of f. II. Rollins & Sons,
who is chairman of the Advisory Trades
Committee. While Mr.. Forbes is at
Washington helping The Capital Issues
Committee of the Federal Reserve
Board, Lloyd w. Smith, his partner in
the bond house of Harris, Forbes g.
Co., takes his place as the committees
head.
Representative committees to aid in
the sale Of bonds of the third Liberty
Loan in the I'd Federal Reserve Dis
trict are now being formed among
American citizens of foreign origin.
Among the first to organize arc the
Italians.
The chairman of the committee is
Luigi Criscuolo, of Redmond & Co..
bankers, and Amorigo Serrao is secrc-
tary, and Justice John j. Freschi, of
the Court of General Sessions, is on
the committee.
At the call of Ludwig Nissen. rep
resentative American citizens of Ger
man origin met yesterday in the Offices
Of the Public Service Commission. 100
broadway, and after listening to ad-
dresses by Oscar Straus, chairman Of
the commission, and Joseph Hartigan
with the Liberty Loan Committee.
formed an organization to further the
sale of the bonds. The employment of
newspapers printed in the German Ian
guage to obtain publicity for the Lib
crty loan campaign, was discussed.
New-York tribune., 1918-03-29
Etna Group Appeals
From Judge Mayors Order

Sullivan & Cromwell, as counsel for
Addison G. Fay, Josiah Howard, C. w.
Abbott and other stockholders of tho
Aetna Explosives Company (Inc), yes
terday filed In the Federal District
Court notice of appeal from JUDGE
julius M. Mayors order postponing the
annual meeting of the stockholder
until it is decided to dischareo =.
ceivcrs Benjamin B. Odcll and Georgo
c. Holt from further management 81
the affairs of the company. Judre
Mayors order was granted on tho neti-
ton of r. II. PRINCE 4 Co., Wood. Cooke
d Seitz and Lowell g. Co.
New-York tribune., 1918-03-29

Commercial Papcr.-A fair volume Of
prime bills at four to six months ma
turity was discounted yesterday. Lo-
cal institutions are doing very little
in the commercial paper markets, in
terror banks furnishing the bulk of
the demand.
Bank Acceptances.-T The acceptance
market continued to display activity
yesterday, and brokers reported broad
demand for eligible member bills for
all dates with the buying coming from
both local and out -of-town institutions.
Dealers attribute this demand to the
fact that the banks arc favorably in
cincd at the present time to invest
mcnts in bankers acceptances, prin-
cipally in eligible member bills, that
can be readily discounted atN4he Fed
eral Reserve Bank for cash. rather than
have too much money outstanding on
call under present conditions. The
out of town demand is said to be due
to the general improvement in the
freight situation. During the recent
congested period banks were called
upon to lend quite heavily. However,
now that the situation has become
much better and shipments are NOV
ing more freely, loans are being cleared
up, and this creates 81 supply of funds
for investment in acccptances. Rates
were unchanged yesterday.
Discount Ratcs.--Offcial rates of dis
count for each of tn, twelve Federal
districts are as follows
New-York tribune., 1918-03-29
Tennessee Copper Dividend

Directors of the Tennessee Copr
and Chemical Corporation yes'eluss
declared n dividend of 81 a sharc 3
the 2Sa,ol5 shares Ono par value, :
stock outstanding, payable May -
stockholders of record April 80. =.
is the first dividend announced by !.
company since the financial readssss
mcnt Of the old Tennessee Copper vssk sssk;
pany, put through in the fall OF ls IA
Officials declined to state whether sry ~
present dividend is to be declared esvsss ii
quarter, announcing 1t merely ~
dividend"
New-York tribune., 1918-03-29


yesterdays stock market that Wall
Street was still waiting for the tide
of battle in France to turn in favor
Of the Allied forces before increas-
ing speculative commitments to any
important extent. This and the
fact that the market was confronted
with a holiday over which much
may happen in the way of import
ant news developments with a di-
| rect bearing on values served to
restrict speculative operations.
Without any increase in the volume
of activity the market developed
irregular tendencies after early
firmness. Prices as a rule were
higher at the opening, but profit
taking sales combined with some
pressure from the bears erased
much of the early gains. Apart
from the uncertainty surrounding
the trend of events abroad, the do
mestic news was favorable Much
Importance was attached to the an
nouncement that the government
will take care of the $43,O00,000
note maturity of the New Haven
Railroad falling due on April Is.
The action of the government re-
moves disturbing factor from the
market situation; it should produce
confidence among holders of rail-
road securities
Two billions of imitation ought to
satisfy the most ardent Of the in
flationists, but it doesn't; so the
: Secretary of the Treasury-or
perhaps it was the Director Gen.
eral of the Railroads, since the New
Haven financing was discussed
appeared before the Senate and
House conferrees on Wednesday to
urge that the corporation be given
power to issue four billions of
bonds, which means, of course, four
billions Of currency in the end. 1t
is to be hoped that the conferrees
will have sufficient courage to deny
Mr.. McAdoo's request, though hav-
ing been persuaded to abandon
economic sanity for crazy pro-
gramno of printing press finance
they may decide to go the limit,
regardless of consequences.
1t is strange fact that there
seems to be several claimants for
the doubtful honor Of having drawn
the War Finance Corporation bill,
including two bankers and an
editor. Stranger still, one of them
i, actually has the reputation of be-
ing more or less of an authority on
economic matters.
"Why is it," a reader asks, "that
SO many rich men favor imitation,
when it is obvious that it will cause
q great rise of prices, which means
depreciation in the purchasing pow
er of their incomes and securities?"
One might answer this question
briefly by saying, "lack of vision"
An alternative to initiation is heav-
ier taxation, and that is immediate,
whereas the evils of initiation are
somewhat deferred, and those that
support the propaganda hope that
IN some vague, mysterious way,
something may happen that will off
set the influence of imitation and
thus allow them to escape the re-
suits which really are inevitable and
iEescapable.
New-York tribune., 1918-03-29
Srnelter Profits Drop

Profits of the United States Smelling,
Refining and Mining Company fell
sharply in 1917, according to the annual
report issued yesterday, showing s4,-
1885, compared with $S,S9S,463 in
1916. Charges for Federal taxes and
depreciation amounted to $692, 500, com
pared with S 100000 in 1916. The bal
ance available for dividends on The
common stock was equal to $l1.96,
compared with S2o.55 the preceding
year.
New-York tribune., 1918-03-29
Current

The above rates express the cost of
foreign money in terms of the Amor;-
can dollar. You buy an English nonnd
sterling at, say, $475lSs. The intrinsic
parity is $4.S65s per pound. Thus Won
say either that pounds are at disconnt
or that dollars are at premium. which
IS Is owing to the fact that in England
the demand for dollars with Wis to
settle accounts in this country is greater
.hah the demand in this country for
England. N"V' lll
New-York tribune., 1918-03-29
Dollar in Foreign Exchange

nounced hrmness in Yesterdays market,
with demand sterling moving up 10 to
$4.75$s. Francs were steady, while a
recovery of several points occurred in
exchange on Italy. Swiss exchange
rates were higher
Closing rates yesterday, compared
with week ago, follow:
Quoted dollars to the pound.)
New-York tribune., 1918-03-29
Elections

w. b. Hastings and Robert II. Gar
diner were reelected directors of the
fltchburg Railroad Company, succeed.
ing a. =. Betfum and Samuel c. Payson.
W r. Roberts has become associated
with Kelly \ Horton and will take
charge of their bond department.
New-York tribune., 1918-03-29
N rs al ( as IOliO
THlllD LIBERTY LOAN

The goals of each state, county and
city will be determined bv Federal Re-
serve district committees on the basis
OF population, wealth and business con-
dltlons. These will be announced
locally within week or two
New-York tribune., 1918-03-29
Money and Credit


Money rates were firmly maintained
yesterday. Owing to the holiday on
the exchange and because there is no
call money market on Saturday, the
demand for call funds was somewhat
larger than usual and the rate held at
6 per cent most of the day. A few
loans were reported to have been placed
at 534 per cent.
There was no increase in the offer
ings Of fixed date funds, and business
was restricted to few renewals
which were made at per cent on a
mixture of railway and industrial
securities as collateral.
Ruling rates for money yesterday,
compared with d year ago, were as
follows:
Yesterday, Year ago,
per cent. per cent.
New-York tribune., 1918-03-29

Below is given the current exchange
value Of foreign monev in dollars anj
cents, together with the intrinsic gold
parity, as calculated by the United
States Mint:
New-York tribune., 1918-03-29

changed; Mexican dollars, 74c, un-
changed

Bank of England.--LONDON, March
2S.--The statement of the Bank of Eng
land showed an increase in gold hold
ings of 96,254, compared with week
ago. The proportion of reserves to
liabilities now stands at 1922 per cent,
against 1868 last week. The state
ment with the changes from week
ooo follow
New-York tribune., 1918-03-29

Bank of France-PARIS, March IS
The statement of the Bank Of France
with the changes from a week ago fol-
lows, in francs:
Gold 49,. 5,373,2s2,o00 Inc. 1,2a2,ooo
Silver 255. $4,000 Dec. $4,000
Circl. =, .25, e,25e, ,ooO Inc. 354.359 900
Fed. Dep. 2,8o9, $4,000 inc. 67,984coo
Treas. Dep. A7,191,ooo Dec. 100000
Discounts. 3.576,e44,cCO Inc. 239,444,Co0
London Money Mark. LONDON,
March 2s.-Money, 3A per cent; dis
count rates for short and three months
bills. GIG per cent; gold premium at
Lisbon. 125.00.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-01-15
Secretaries of Commercial
Clubs Will Meet Here Today

the state by letting the world know
Ibout them and urging them To uso
Oklahoma raw products for their rnsr
nfacturiss by showing the advBut.g yes
~ quality and shipping srcilitier 10
cordinE 90 e. u. Douglas secretary OF
the Tulsa Chamber of Commerce
\, general plan FOR publicity cam
paisn wal bc disou Rsed at today =
meelug, with a view ~ making the
efforts or- MI ssdrctariss in the state
work along similar lines, Mr.. Douglas
suiI
twenty-five seCrs starles are expected
to intend the meeting. The session
viii opeR with "a conference Ia the
local rooms as soon rs the secretaries
arrive. At noon The visitors will be
guests OF the Al club at the weekly
lunc heun.
The afternoon meeting ut the
Cham her NJ Commerce rooms will be
devoted TO a discussion OF plans FOR
the development uf tho statois re-
sour 81 and the writing OF tho pro
posed book. The hig effort OF the
meeting, according to MI. Douglas,
VIII he 10 perfect ytats organization
or commercial secretaries.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-01-15
BROADWAY.

The slN big acts at the Broad way
theater are creating favorable COM
mcnt among vaudeville fans. and the
picture program IL one OF merit. the
photoplay, When Men Are Tempted, .
featuring Mary Anderson and Alfred
whitman, being very interesting. The
Musical Meinots are there with n
classy musical program. OF which is
done partly in blackface, with sone
excellent comedy as n side -tss,ie, Tate
and Tate are making big hii with
their act, The Barmaid and Her
Eccentric Customer" featuring um-
bling. New saHgs are crsditably sung
by memhers of the tycsum Four, SO
ciety entertainers Doneta and Dex-
ter are splendid comedy aPd haAmony
singers, with piano. Accompaniment.
The aerial disrootug novelty act %
Mile. Enierie n Co. Is very pleasing.
indeed. Wright and walker are classy
comedy singers, takers and dancers.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-01-15
Book Exploiting Resources Of
Oklahoma Will BE
Compiled.

Commercial club secretaries Of the
state, In session yhere today Will dis
cuss II plan OF collabOratlVe author
ship OF "A book ON the natural Resources
~ Oklahoma The proposed book
will include chapters dealing eS-
hnuatively with the natural RESOURCES
of the state. each chapter to be writ
ten. by the secretary OF the club In the
town in the center Of a district The
Miami secretary, for instance, VIII
write the chapter on the lead ana zinc
resources Tho secretary from Me-
Alester viii gather the facts concern
ing the coal deposits OF the state. And
81 the oil and gas, marbia, gypsum,
granite. asphalt. hive stock, farr1 prod
uots and lesser resources will b. given
full description in the proposed book
" oklahoma.
The purpose OF the book IL 20 aid In
developing the natural resources Of
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-01-15
BODY Dt pvHIISHt,R
REACHES SPRINGFIELD

SPRINGFIELD, Mo, Jan. ~ The
body of John W Jewell. one Of the
robbery aud murder. arrived here his
morning, accompanied by Charles
Mcdrrgor, father -in.law or the de-
csdeut, Lieut.. r W Buvnn. close
friend of the young publisher, and q
delegation ~ close friends Of the
family Contrary To reports received
by relatives of the slain man. The
face was not nutilated0 by the az
blows from the murderer and il will
be possible for the parents, w,dow
and other relatives "a view the body.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-01-15
STRAND.

A thrilling Tight under water ir Eiv-
IDLY hown IN the fortheorutng Metro
special productionSde luxA "a Sleep
ing Memory" starring Emily stevens,
which viii lie shown AT the strand
thsatsr today and Wednesday. This
part OF the picture wss taken at PslI-
sades amusement park. in New Jersey,
the entire production being under the
direction Of George D. Baker. Who has
directed Miss stevens In other Metro
pays
A specially constructed glass room
VIA sunk In the large swimming pool.
the camera and the camcraman being
stationed inside. The men who en-
gaEed In the struggle were Mario
Maj-fOni and walter Horton. The
former as Dr. stephen Trow has
Elsanore Aarstop Emily Stevens)
under MA hypnotic power. She has
tmplored Henry Johnson (Walter
lloTton) TO protect her
Johnson and the doctor meet on
the edge Of cliff. and the former.
determined to protect EfeaNore. filings
himself upon Dr. TrD. In the strug-
gle both fall to the lake below The
struggle continues under water with
undiminished violence, and The camera
faithfully registered tho entire scene
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-01-15
YOUNG WHISKY RUNNER
MUST GET NEW BAIL



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NV
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Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-01-15
STOLEN MONEY
STILL UNBOUND

ooNTINuEp FROM PADE oNr
hour
Nr lIutug this afternoon said chat
the amount stolen In the robbery ~
the Cantp Funston army hank may
bo about $4,000 and at the most
Wmild bc considerable leFs than
$4,000 Mr lmug made this an
nuuncouent after consulting g.. ".
NJ husky cashier of The National
Reserve brpk. who had just returned
from camp Fupstou after an examl-
nation ~ the accounts
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-01-15

Lnx-Fos With ~Pcpsin.
A liuuid Digestive laxative pleasant
10 take. Just try one soc bottle for
Indigestion or Constipation
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-01-15
TIE TULSA STAGE
AND SCREEN
WHERE WE'LL GO TODAY.

GRAND D-incomparable stock com
pnny presenting The Divorce Cues
ton"
EMPRESS A"L little Caruso" and
company In n musical meiange, "A
Might In Venice" headlining inter
state vaudeville Of five acts and VIII
liam =. Hart In Dakota Dam
CFihns).
BROADWAY --"'Ehe Lyceum Four"
quartet. hcadllring Western associa-
ton bul Of five acts and Vitagraph
feature. When Men Are Tempted, 2"
with Mary Anderson and Alfred Whit
man,
Tho screen.
PALACE--W William X Hart IN his
latest Paramount release, The Silent
Man and a Hearst Pathc news rect
MAJ ESTE Special production OF
The Man without "A COUNTRY"
SIRAND-Mae Murray In Face
Nalue,P Nuebird photoplay.
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-01-15
GIWL DENIES SHE NNS
hNG.NEEn 10 lAPTNIN

OTTAWA, Kan, Jan - The ~
year old girI 10 whom captain Lewis
whistler u. said 10 have Addressed a
note Just before committing suicide
Saturday. following the Camp Funs,
ton bank murders. left her home
here today with the announced m
tentlon Of going 10 ottawa university
U study her lessons. The young
woman denied she had been engaged
to captain whistler. She said she
knew he had been divorced