davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-01
House
Expansion Planned
Stock Exchange Purposes to
Prevent Over-Certifcations
Through New Machinery

Arrangements are nearing completion
for an enlargement Of the Clearing
House Association of the Stock Ex-
change. One Of the primary reasons
for the proposed expansion, it was an.
nounced yesterday is to prevent over
certifications.
Tentative plans call for the forma-
ton of g new association to act in
conjunction with the present organiza-
ton. 1t is understood that the new
association will be Incorporated and
through it settlement of balances Will
be made with the central body, thus
doing away with a considerable amount
of deliveries ard other matters, reauir-
ing the services of large clerical
force
A special committee representing
some of the most important Stock Ex-
change houses has been working on
the plans FOR facilitating the work of
the Clearing House for several weeks
When the final arrangements are com
pleted it is expected that the settling
OF daily Stock Exchange balances will
be greatly e,~edited.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-01
The Dollar in Foreign Exchange

Unusually quiet conditions prevailed
during the week in the foreign ex-
change market and rate changes were
small as result and relatively unin-
portant. Dealings in cable transfers
continued much restricted owing to the
congestion of the lines of cable COM
munication. Sterling bills moved mar
rowly and displayed practically no re-
Spouse to the news. The same was
true of French and Italian exchanges.
In the market for neutral exchanges
Ia slightly firmer tendency was noted
toward the close of the week, with
Swiss francs making substantial re-
covery.
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. [volume] (New York [N.Y.]) 1866-1924, 1918-12-01
Relevant Comment
New Bkaden Financing

Local bankers are arranging to offer
100000 fifteen-year per cent bonds
Of the Braden Copper Company early
this week at price which may show a
yield Of approximately OK per cent.
The proceeds from the issue will be
used to pay off floating indebtedness,
represented largely by advances to the
Braden company by the Kennecott Cop
per Corporation, which owns so per
cent Of Braden's stock. The current
financing is part of a total authorized
issue Of s20,000.o00. In 1916 $15,o00,-
600 of the bonds were sold.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-01
+ telephone
Hanover 6St4

enormous burdens" of war taxa
ton. The latest is from Washing
ton. About Germany. German taxes
for her debt will weigh down Ger
man industry and bankrupt the ma
ton. Selah Practically all of Ger
many's huge issue of war bonds is
held in Germany. The interest on
these bonds will be paid from. one
pocket into another pocket. Posi-
bly, into the same pocket. AS
whole, the nation neither gains nor
loses. What it has lost through the
war is the wear and tear of it's
machinery, the deterioration of its
soil, the diminishment Of it's indus
trial army. Some of this may be
counter balanced by gain in
morale, in energy, in the discipline
of four hard gruelling years. 1t is
Germany's ability to produce goods
and services which alone can be i'm
paired, always supposing, of course,
that taxation is laid with reason
able intelligence. 1t has never
before borne heavily on Ger
man industry. What Social
istic government might do is an
other story. But the "crushing bur
dens' we hear about exist only in
the mists of imaginative writer's
minds. The only real burden is the
expense Of collecting the taxes.
That is practically the same for
three billions as for one.
One wearied soul writes US with
troubled mind about the problems
of reconstruction. He has been
reading about the endless list of re-
construction commissions, commit
tees, programmes and policies. But
what, he plaintively asks, is there
really to reconstruct? In this coun-
try, nothing. We have had no de-
struction from war. In Great Brit
ain, very little save ships. Ships are
a large item. But the PREPARATION of
the terrific hole made by the sub
marine and by the excessive losses
of war time is already rapidly I'M
der way. In France? Well, there is
a good deal there. But, apparently,
about one-tenth as much as some
imaginative minds have pictured.
In Belgium, much. But it is small
population and small state. In
Germany? There is the run down
condition of the railways and fac
tories and fields. But unless we
are in the business of imposing
stupendous indemnities upon Ger
many, and wish to put that country
in a condition to pay rapidly, we
are not greatly interested there.
Where else? Our correspondent asks,
are all these busy reconstructors
intent upon real problems or upon
eotoriety or jobs?
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-01
Dividends
Extras

Carbon Steel Company.-An extra
dividend of 8 per cent on the common
stock has been declared in addition to
the regular quarterly dividend of 2
per cent on the common stock, bot.
payable January u to stockholders OF
record January 10. The annual divi-
dend of per cent on the second pre-
ferred stock was also declared, pay
able July 30 to stockholders Of record
July &c. 1919. The company has de-
clared the full dividend of 8 per cent
on the first preferred stock, payable
as follows; per cent on March 81 70
stockholders OF record March 26. 1919
and the remainder on September ~
to stockholders of record September
26, 1919.
La Belle Iron Works-Extra divi-
dend of 2 per cent on the common stock
has been declared, in addition TO the
regular quarterly dividend Of ] per
cent on the common and 2 per cent on
the preferred stock, all payable De.
cember 81 TO stockholders of record
December T.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-01
Fifth Avenue Coach Earnings

The annual report Of the Fifth
Avenue Coach Company for the year
ended June 80 last, shows total
revenue of s2,s54,457, an increase Of
$4l0,640 over the preceding year. After
expenses and taxes totalling $685.
SO had been paid net income
amounted to ss99,l47. to which other
income Of S50,444 was added, making
total income of $A4S,59l. Adjust
ments of $751; 23 and deductions Of
s106,774 were made, leaving q surplus
TOR the year of S191,794
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-01
Why Extra" Was Omitted

E. A. S. Clarke, president of the
Lackawanna Steel Company, explained
the omission of the extra dividend
on the common stock in his report to
the board IN these words: "ln view
Of the general uncertainty as to the
future Of all lines, and the consequent
ACCESSIBILITY of conserving resources, 1t
was deemed advisable not to declare
any extra dividends, although the esti-
mated earnings of the current year,
would, under normal conditions,
have justified an additional dlstrlbu-
ton"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-01
News Digest
Foreign

Paris Rourse Active.-PARIS, Nov.
30.-Trading was active on the Bcurse
to-day. Three per cent rentes sold at
90 francs, 80 centimes for cash. t1-
change on London was quoted at %
francs 90 confines. Five per cent loan
brought 81 francs 80 centimes
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-01
New York
Offer Highway Bonds.-The First

Offer Highway Bonds.-The First Ma
tional Bank, Harris, Forbes & Co. VIII
lam A. Read &. Co. and Lee, Higglnson
G. Co. are offering at prices TO ness
about 4ss per cent, 100000 State oil
due serially between 1886 and 1e41.
Order for Copper Wire.-Butts'
Mont, advices reveal that the Ana
conda Copper Company has received an
order for 100000 pounds of copper
wire from the Chicago, Milwaukee q
st. Paul Railway for use in connece'
ton with Western electrifcation work
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-01
Corporate Returns

Consolidated Interstate Callahan Min
ended September 8 last discloses total
receipts amounting to S27O,7O9 a de
crease of S382,31S from the correspond
ating costs, etc, of s22O,959, profits
amounted to s49,75o, or the equivalent
to 10 cents per share on the S4,649 800
capital stock, against S369,i96, or So
cents per share, earned the same
months Of the preceding year. I'm
provements totalied 1922, leaving sur
plus for the quarter of SAC, 128.
Buffalo. Rochester & Pittsburgh Railroad
Company
October gross s1,74a,t77 Inc. s2e4.4ss
Net oper. deficit. 17s.s7s Inc So, so6
10 months sross 5.3s5,e11 Inc. a.s27. 2st
Canadian Pacific Railway Company
octobsr gross ..$'5.ss2 7so Inc. ss4s. ooe
10 months gross. 126 .763.755 Inc 1856
Net after taxes. 2a,2s2,so3 Dee e,os3. s43
Chicago. Burlington & Quincy Railroad
Company
October gross .3tS,42s. 1897 Inc. So ,oss. 713
Net oper. income $3.50, Dec 332 62f
10 months grosst 10 .4e2. o46 Inc. IS 1888. 3Ss
Net oper. income 20 1888 Dee. 1920. so4
1Fone Northern Railway Company
October gross s12.oso. AZ Inc s3,255. 5s2
Net oper. income 35o5, s25 Inc s35. SAG
10 months gross 6o,657 .o56 Inc 1852, 36i
Net oper. income t0.526,76S Dec. 9,471 .Oo5
Missouri. Kansas & Texas Railroad Company
October gross S3.55e.118 Inc. $1.166.o7
Net oper income. Pa .249 Inc. TAO, BOZ
10 months gross q. o6s. $50 Inc. 5811.641
Net oper. income. 4.f2s2s3 Dec. 2,313.694
New York Central Railroad Company
October gross .$28,e73,375 Inc IS eO4 500
Net oper income 8t3e,5s6 Inc 2o64. 1858
10 months gross .239. 294.2e4 Inc 1856. 1885
Net oper. income 37.o53.777 Dec. $685., 127
Northern Pacific Railway Company
October gross .$12,fe7, 442 Inc S3.s2e 7e2
Net oper. income s.o3t.6to Inc. 1.62e. IA
10 months gross s2.S13.285 Inc o,7e1. 700
Net oper. income 21,s15.37o Dec. 1907 .546
Sesbesrd Air Line Company
October gross .$3.3S7 $40 Inc. sso7. 254
Net oper. income. 259.155 Dec 47431o
10 months gross 81 1851 1854 Inc 7.171,7eo
Net oper. income. 3.642.o74 Dec. 2.2o5, 1903
Toledo q Ohio Central Railroad Company
October gross $1.f33.3 $50 Inc. s373, 35e
Net oper. income. 22s. 443 Dec. 1887
10 months gross. e,32o.3f3 Inc 1885 ,27s
Net oper. income. 667.757 Dec sos, $50
Wheeling & Lake Erie Railroad Company
October gross $f.5ts.o74 Inc. s2ss, sa6
Net oper. income. 3S6.078 Inc 759re
10 month"; gross. II. 81 .S4s Inc. 2,2s6 .sss
Net oper. income. 1.o83,7ss Dec. e47, ss7
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-01

The above rates express the cost of
foreign money in terms of the Amer
lean dollar. You buy an English pound
sterling, say. at s4,7595. The intrinsic
parity is $4.S65s per pound. thus you
say either that pounds are at dis
count or that collars are at premium,
hich is owing to the fact that in Eng
land the demand for dollars with which
to settle accounts in this country is
greater than tie demand in this coun-
try for pounds with which to settle &C
counts in ENGLAND.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-01

Silver.--Londc3, 4s%d, unchanged;
New York, l011sc. unchanged; Mexican
dollars, 77iac, unchanged.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-01

Discount rates we're: Short and three
months bills, 1882 per cent. Gold
premiums at Lisbon sold at 80.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-01
Money and Credit

Loans and discounts of the New York
Clearing House banks decreased $751;
$4,000, amounting in the aggregate to
1922, $4,000, according to the weekly
statement issued yesterday Net de-
mand deposits decreased $83,459, 900,
with a total of s9,737, $4,000. Surplus
reserves at the close Of the week were
down $32.S83.230, amounting to S64,-
lS0,750 A decrease of approximately
Sl00,000,000 in the United States gov
eminent deposits with the banks at this
centre occurred during the week.
The weekly statement of the Federal
Reserve Bank of New York disclosed
an increase of nearly $4,000, 900 in re-
discounts. bills discounted and bought
and acceptances purchased amounting
to a total Of s877,900.165 at the close of
business en- Friday.
Bank Acceptances.--Rate were I'M
changed yesterday, as follows:
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent.Per cent.Pes cent
4 igi Bile
banks. 4a@4 4A@4a 4+@4N
E igible
non-mem-
Der banks4A@ 4Is 4as@414 47s@4f
Ineligible
bank bil}s.5H@5 5Na@5 sN@5
For delivery within thirty days:
Per cent.
Eligible member banks. ........ Ais
Eligible non-member banks 80. Ais
Ineligible bank bills. ......... 6
Discount Rates.-The following table
gives the current rates of the twelve
Federal Reserve banks on commercial
ne nar for all ncriods TN "a r;natxr Snus
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-01

One must still hear more of the
seemingly endless prattle about the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-01


Banks with obligations security recovered during the week
from the decline reached total $l25l1ooo The
condition of banks shown the
Federal Board follows:
RESOURCES
Gold in $3714e8ooo
Gold settlement 395292O0O 4358920o0
gold by $772o5eOoo
Gold 12t6540o0 168917O00
78,t29o00
Total gold .......... s2o052aoo s2oeo2e5ooo
Legal silver. etc ....
Observation-Disclosures. $2,12oa7ooo s21te2s7ooo
Bills
legations .................... 14t2snoo 2soaosooo
Bills bought
Total
United States
United States
All Other earning assets $4,000 $4,000
Uncoleed items ACKNOWLEDGEMENTS. 736,3280o s901oooo
cent fund Fed
Reserve
All other
Observation-Disclosures. s51s4esscoo s52ss27ooo
LIABILITIES
Capital
urpu
deposits Observation-Disclosures. 13174Ooo
Due member banksRe
NEUTRALITY-SUSPICIOUS..
Other deposits including credits
Total gold
Federal 25686760 2552150Oo
Federal Reserve Bank circulation,
All 5 1s ; 3ssi,:; ss9ssSS 80 900
Total liabilities S5194es8Coo S5295270O0
tiles combined, Last
per cent
COS.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-01
New York Clearing House Banks

nemb
the follo
Changes.
Loans discounts investments $A622e06O00
Of O6O8OOoo ooo
in
banks and trust
nesefv III 100000
oomano 3737525o00
Sirculatoh 35446O00
Excess reserve 648075O
Assssn'e ''setSe o59Oe4Oo0 Dec
1921 100000
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-01

Nominal
Below is given the current exchange
value of foreign money in dollars and
cents, together with the intrinsic gold
parity, as calculated by the United
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-01
Federal Reserve Bank of New York

The weekly of the Federal
November 20, compared with week follows:
in tifcates: November Novomberoo
SEQ 501
F R and in
fund.- R. notes 30722115
uoo with foreign agencies. 2o10962 200962
Total gold reserve s6o4o29o51 so1e2o3e77
Legal tender silver
subsidiary coin M624,338
Total s6642aseoe
Bills discounted and
ACKNOWLEDGEMENTS. 95311632
Rediscouns
tons
Acceptances bought 166732128
Totals sa77soo165 ss23o5oose
United States bonds and 36s2t7oo
Totals $368217o0
Due from foreign banks 2,t92774 2,192774
Total
S2o725 75O
Member
Nonmeraber banks
Government deposits
Due to War Finance Corporation 1y870653
Federal Reserve notes
Federal Bank 237605Oo
Foreign
Other nabllues 11O54365 12908572
Total liabilities $,5655e8O27 S5854233ee
Federal Reserve outstanding
Against which there Fed
.ralR
Gold and lawful 2a2.22o265
Commercial paper 8779oo65 923o50Oso
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-01

Discount Rates.-The following table
gives the current rates of the twelve
Federal Reserve banks on commercial
paper for all periods up to ninety days:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-01

The Federal Reserve Bank of New
York has put in force the following
schedu 10 OF rediscount rates which ap-
ply to bankers acceptances: Maturities
up to Is days, per cent; 1S to SO
days, inclusive, Az per cent; 81 to 90
days, inclusive, Ahs per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-01
FINANCIAL

$1,000 PENN
POLICY Age 40 MUTUAL
$67.25 LIFE
ASSETS 1873 MILLIONS
Send date of birth for specimen policy.
Depau Agency, 81 Court street, Brooki.r.
=. Y Phone 4 $ Main.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-12-01
Federal Reserve Banks

WASHINGTON, 3O-Dis
The
the
Federal
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-02-24
OWNER MUST
PAY LICENSE APRIL |
C0NrlNNEn FROM PAdE ONF

two county whcrein the violation &C.
ours. such monies 20 be placed to
tho credit ~ the state road maiuteu-
ntre fund of such county The state
no. the department ot highways re-
c'bc nur' ~ such money $50 collect
ed or forfeited
'r,.rr II ~ tho Motor Vehicle
luw provides that 30 per cent ~ all
monies paid In 10 the department ~
highways FOR motor vehicle tax shah
10 returned 10 the counties from
whence sumr came to ho uppur-
toned hy the county treasurer to
such county ps follows 25 per cent
~ the 90 per cent mentioned 10 he
appurtioucd To the cities ot the FIRST
class In such counties and placed To
,he credit "f the Joad maintenance
ticoS. HOWEVER, IT SHOULD
NOT RE ASSUMED THAT THE
CITIES RECEIVE 20 PER CENT
uF TIE TOTAL - PER CENT RE
ri RNtD To THE NTY. AS
TuE CITIES on THE FIRST
CLASS ONLY RECEIVE 20 PER
CENT or THE TOTAL MOTOR
NEUIcI.F TAX COLLECTED
FROM RESIDENTS WHO RESIDE
NJ ~ iN ~ ~ '''tNI ~ 10 'I
StCH CRY Ana I'm view NJ the
fact hat all penalties, fines ana tor
feiturca and 90 pcr cent NJ the total
motor vehicle tax collected is placed
go the benefit of thr respective couu-
ties and that the only monetary benz
afita tho. state de-vcs from the en-
furcrmtrt ~ the motor vehicle Inv
is the 10 per cent ~ the lutai OBJ
tnned from motor vehicle tax col
lrctsdp which 10 per cent IS placed
to the CrtdIt ~ the state general
fund Tor the maintenance ~ all state
deptrtmrutH ana institutions along
with other state general funds We
say that In view of those facts II
annctrs that The peace officers ~
the various cities. counties and mu-
inequalities should he anxious to
prosecute the provisions ut the mo-
tor vehicle law hut i'm order 90 en-
courage the local officers the state
hrs deemed II advisable tu furnish
enforcement uffcnrs OF Held men
to aid tho local officers ~ the yhri-
Gus communities ia the prosecution
~ the motor vehicle law to the end
that good ruudH may prevail thrunut
tho counties and over the stute In
lis entirety We therefore seek the
uid ot tho county attorneys, sheriffs,
depuy shyrifts. police. cnnstahleS,
Justices uf the peace and all pence
officers In the enforcement II this
law. such officers and the general
public WI find this department will
ing aud anxious TO render any aid
possible tn the end mentioned,
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-02-24

labor and building mater nj viii ~
feet oar big program sonieWhat. We
nope to carry ont eur plans for mak-
.!g this trlnscOHtinental roadway the
hest, IN AWsrirn The winning OF the
VAR mry depend largely upon the
use hrHde ~ this great highway We
zee ihi- emphasized now ln the trans
por'auon of army trucks under their
nWu power 20 eastern EeapOrts. Tor
hpnent % France A train ~ 30
army trucks leaving Detroit daily.
AL ~ which are operating over the
Lincoln highway Hundreds OF bus
irrrs houses IN the edst have par
chased trucks FROM the middle west
factories ma have been unable to
obtain satisfactory delivery by rail-
road. and are having them driven
thru. lnrf"ly over THIS highway. even
in the face of the heavy SHOWS and
eNtrcWc cold weather
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-02-24
SHIP TRACTORS
BY AUTO TRUCKS
Bartholomew Outlines How
Traffic Conditions VIII
Be Met by Dealers.

Moro than thrcc thousand flat
ears are needed Immediately by
tractor makers tn chip tractors that
have been made IN che last few
weeks T. u. bartholomew. preBi.
dent ~ N" Avery company told the
hucsiH ~ the second annual trnctOr
dInnct u tho Sbcisty ~ Autumptlve
Eneinoeta nj ltarnE, City The
available ,pprc both In tractor fac
tnrtcH pud ihrir yards is crowded
Win completed wHrhlncg. he sald
and many FARMERS are now waiting
fura machines To- DO their spring
glowing
The Society ~ Automotive. En-
rlnects moWhcrrhip consists ~
three thousnnd ong nrcrs represent
Ing those INDUSTRIES that utilize tho
Internal combination engine. motor
cars. trucks nirplnncs trhctnrs, mo-
tur,ycies WutprhuntH and stationary
rna engines Two of III mrmhrra
we're respNaHhlr fpr tho Liberty air.
plane motor The meeting held ia
kansas Guy IL the only annual mgrt
Ing held by the society outside "
New YORK and Chicago.
II was hrourht out at fhe meet
Ing by members ~ truck Comnnics
that In tho face VI the ,tnlqnals lH.
ability 30 handle the traftu It de-.
VOWED ON the mntor lrutk to DE.
ivcr the Thousands tractors need a..
~ Tor spriug work on the farms
i'nlrrs railroad transportation In
proves very rapidly II VIII be- noces.
rnry - send these tractors from
their factories hy motor truck
KANSAS has twenty thousand acres
Of land that must hu p1vn With
grain this sprinu Kansas farms
Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-02-24
SEIBERLlNG HEADS
LINCOLN HIGHWAY
Drlng- 10 New Onior brilliant
Record IN American
Industries

In the election m Mr. p. \ scluor-
Ing, aS president of tltc I4pooln
Highway association. succeeding M
ilcrN % Joy who has entered tlv
aviation section NJ tho government
.rvice, one Uf Americas big men
has been called 10 direct thc Affairs
Of The most public hilhwny iu the
luitod states. n not lu the world,
Mr S'ihcrlIug is president ~ The
Goodyear Ti1a a ItuEltr 60. ~
akron. ONO. ana hrines go hib now
offlrc q record ~ achievement thar
hts few cnuntormrts In American
industry After varied business
experience. he founded. u 1898 the
big rubber concern uf which Tor ~
years ho has been the active hond,
ana which today with its til0 900 0O0
annual business stands a munumoUt
iD his business ana financial genius
ilc is ono uf the men who early
anticipated The need ~ u Ereut trans
continental hifHWly and has from
th" inception ~ the Lincoln highway
herr one OF it4 attuuth Bupporieta
i'N'cu1.nl mu,h of hia time cusrR,
| HUd money in ls beh.lf For -four
N'urH he hra served As uuc of its II.
r,rturs. a emile strip ut the high
I way just west of Salt Lake CITY i-
. Known us thr "so'h'rlfus Section
20 u.batc +" h,s support 1f the Erell
! project
l.tc many other -ucrcssfri husi
/ ness men lu Dr. "a product NJ the farm
/ pNiuE been born near Akron. but
/ u".'t' WHr. Nnu have pnu.hf tlrii
/ f"rlurrt elsewhere. he has u.hl0, cd
/ DTS uIlrc.a 700 homo and has been
! rp" of thu hg factors loo making his
/ huW" ry the ruhUcr capital pt the
10 li.i ultho No has hult va
I one ~ the largest ruub"E uIuuflo
! iAff concerns lU ln" world and
W rcmRins ir active head he nud,
/ time '1 devote to other lrtpr"v,s
~ a iIrrDior ~ the United state.
/ chandler ut commerce he has spcnl
much time during the I-t few
months m Washington. uui Is ir
close touch with the rptcrrwtut'
/ Wu program. and alive tp tine Ina.
/ |IoTiHye OF the Lincoln highway I'm
/ tre great trburporH'iou probluu.
/ tla' must Boo worked put 90 mthe the
i "uN orututnls program u success
/ About ten months aga President
/ ScIloriHW sensing the irauspNrtl.
| ton conditions lHHt since hsve gp.
! puurrl. tuuIsHrd long dIApuct
motor trugh line between Alrun
ohio, and Boston Mass operating
uycr the Lincoln highway from pit's
! burEh CO. New Nork This uno Dr.,
usud boy a.. Goodyear company ~
transport tlrcs tn lts Hn4ton tranch
aud 10 bring back fabric from ia
cotton mills IN Connecticut The sue
cess ~ this line has encouraged
many r'hcrB 10 unauguratr similar
lines, alihu operating over shorter
distances, until today the Lincoln
highway 10 heug used tu transport
many tons NJ important finished aud
iHW materials L the susteru sea-
board
The new president altho a man ot
hlg affairs, has indicated that he
VIII devote a sufficient amount pt
hts time to Insure the uarryinp pui
+ ~ the extensive improvements To- be-
made on the highway THIS year
This will Doe ~ grcate,t year iu
the Lincoln hlghWnya history says
Mr Selberllus "Altho shortages oi