davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-03-18

Speculative and investment Sc
curities have done little more than
mark time during the last week,
prices fuctuating narrowly, as a
rule, on light dealings, but maintain
ing a general tone of firmness. In
the stock market the same stolidity
Of prices to current developments
that has been characteristic Of the
dealings for a fortnight or more has
again been in evidence. No sign of
perturbation on the part Of impor-
tant financial interests over the
trend of events in Russia was dis
cernible in the security price move
ment. Judging from the action of
stocks, the developments in Russia,
while, of course, recognized as Of
farreaching Importance as pointing
to an indefinite prolongation of the
war, have been fully discounted. Of
more direct interest, perhaps. from
the speculative viewpoint have been
the developments here at home.
Passage of the railroad control bill
by Congress proved beneficial in
stimulating moderate activity and
strength in railway shares on the
exchange. The Is per cent increase
in rates on certain commodities in
the Eastern territory granted by the
Interstate Commerce Commission did
not come until the close of the week,
so that it's full effect on stock mar
ket prices could not be determined.
Of course, the railroads, under the
terms of government control, will
not profit directly from the higher
rates, being only guaranteed earn
! ings at the rate of the three war
years fixed upon. Nevertheless, the
fact that the commission has seen
the need Of larger railroad revenues
is considered of great importance
illustrating, as it does, the change
that has come over the government
in it's attitude toward corporate in
terests. In this case the railroads
have obtained under government
control something they failed to get
under private control.
New-York tribune., 1918-03-18
T low Credit Initiation
Has Piled Up Cost Of
War IN Great Britain
Undue Expansion, Combined With Other hau-
ences, Responsible for Great Rise in
Prices, Committee Says

There has been so much m,isQato-
tatiom and consequent nnisunder-
standing of the second report of the
British Select Committee on Nation
al Expenditure thot 1t seems de-
sirable to reprint those sections OF
the report relating to initiation and
other Influences behind the umprece-
demted rise IN the cost of living n,
Great Britain. The salient passages
are qiven beloaC.-Financial Editor.)
~" HE gradual growth in the expen-
diture upon the war is due, not
only to new services and in
creased demands, but also, in no small
degree, to the increase in prices. It
may be calculated very roughly that an
all around increase of 10 per cent in
wages and in the cost of commodities
purchased at home now involves an
increase in the national expenditure
of about s130,000,000 year.
Your committee have consequently
found themselves obliged to extend
their inquiry into the causes of the
increase in prices and the possible
checks that may be applied.
The chief causes are:
The expansion of credits during the
war:
The demand OF commodities ex-
ceeding the supply, and the made
quacy of government action to con-
troll prices;
Increase Of wages and consequent
increase IN the cost of production;
Increase in the rates of profits;
Unfavorablc rates of exchange in
some of the countries from which
supplies are imported.
Some of these are at once effects of
the increase of prices and causes, of
further increases.
1t would be difficult, and it is also
unnecessary, to determine what is the
order of importance of these various
factors. But it is certain that amonr
the most important is the expansion
of credits.
IT 1T had been possible to finance the
war from day to day by means en-
tlrely of the process of taxation and
OF loans of money drawn from the saw
lngs OF the people, there can be no
doubt that the general increase of
prices would have been considerably
less than it has been: the result would
have been to transfer purchasing power
from the hands of individuals to tho
hands of the government. But the pov-
ernment, through the Bank of England
and the joint stock banks. has created
large new credits to enable it's con-
tractors to expand their production. It
has ALSO borrowed from the RANK Of
England large sums on ways and
means advances, and in so far as these
advances have not been offset by equiv
alent Borrowings from the market a.,
the part Of the bank, which has NOT
always been the case, this operation
mas oeen pure creation Of credit
Inc government has received fro,,
New-York tribune., 1918-03-18
Pioneering in Modern
War Finance British
And French Experience
Methods by Which Our Allies Have Created and
Sustained Demand for National Obligations
Furnish Suggestions for This Country
ME history of war financing

%HE history Of war financing
in the belligerent countries
IN is the record of the accom-
plisfment Of the seemingly i'm
possible. The very existence of
the war on it's unprecedented
scale for three and one-half years
and it's threat to last many
months longer-is a colossal repu
(;iation Of many of the theories ten
derly held by orthodox economists
before the fateful days Of the sum-
ner Of 1914.
How the warning nations financed
themselves throughout the great
conflict will undoubtedly make one
Of the most remarkable chapters Of
the complete story of the great war.
The role of the financier, in the
broadest sense, has been that of the
destroyer of illusions and precon-
ceptions. Economic theories to the
contrary Notwithstanding none Of
the major belligerents is compelled
in this advanced stage Of the quar-
rel to throw up the sponge because
of bankruptcy. The pressure all
around may be approaching the
breaking point, but the remarkable
point is that the rupture has not
yet come.
In solving the questions of cor
porate and public financing for the
rest Of the war the people of the
United States can no doubt attack
their problems with greater vision
through an appreciation of what the
European nations have done in
meeting analogous exigencies. AS
in the case of purely military mat
ters, the United States apparently
has most to learn from the expert
ence of France and England. The
imminence of the vote in Congress
on the war finance bill brings these
considerations to a focus. America
must solve her financial problems
independently and on their own
merit, but she can address herself
to them more intclligently in the
light Of the history Of what has been
done in England and France. The
salient points in British and French
experience are now presented here.
Much of the information was COM
piled by the statistical department
of the Guaranty Trust Company of
New York.
New-York tribune., 1918-03-18
ReAexes Of War

propriated $7,00O,000 to assist intensive
agricultural development. OF this
amount S4,500,000 is to maintain low
maximum prices for cattle feed and
fertilizer.
New-York tribune., 1918-03-18
Capital Control
Sans Legislation

At the outset it should be stressed
that in England the control of cap
ital issues, which is one of the prime
features Of the war finance bill, has
been accomplished almost entirely
without legislation. When the Lon
don Stock Exchange reopened its
doors in January, 1915, after the
months Of financial interregnum, the
brokers, in pursuance Of an agree
nent between the Treasury and the
Stock Exchange, pledged themselves
not to deal in any new securities
which did not bear the stamp of
approval of the Treasury.
A Capital Issues Committee was
named by the Chancellor of the Ex-
chequer to pass upon all applica-
tions for the approval Of new capt.
tai issues. Lord St. Aldwyn, a for
n,er Chancellor Of the Excheouer,
was the first chairman of the COM
r,ittee, and after his death Lord
Cunlitfe, governor of the Bank of
England, succeeded to the position.
The work of the committee proved
effective, although it had no sane
ton in any legislative enactment.
Its executive power came through
the voluntary cooperation of bro
kers.
The Treasury Department in
England announced, in establishing
the Capital Issues Committee, that
approval of new capital issues would
be governed by the following con-
ditions:
(O Issues for undertakings car
ried on or to be carried on in the
United Kingdom shall only be al
lowed where it is shown to the sat-
isfaction of the Treasury that they
are advisable in the national inter
est.
CD Issues or participations in
1''o UCs lOI uuUcItdElNCS carried on
OF to be carried on in the British
Empire overseas shall only be al
lowed when it is shown to the sat
isfaction of the Treasury that
urgent necessity and special cir
cumstances exist.
(3) Issues or participations in
issues for undertakings carried on
or to be carried on outside the
British Empire should not be al
lowed.
90 The Treasury will not in or.
dinary cases insist upon the fore
going restrictions where issues are
required for the renewal of Treas
ury bills or other short Instruments
held here and falling due of foreign
or colonial governments or munich
pal corporations or railways or
other undertakings,
In ascertaining whether a busi.
New-York tribune., 1918-03-18

The value of Chinese tea exports to
the United States increased to S4,567,-
748 in 1917 from $2,396,342 in 1916.
The embargo on tea to England has di
verted considerable quantities Of this
product to America. The tea trade of
China is said to have passed through
one of it's nest disastrous years, tea
planters having suffered severe losses.
New-York tribune., 1918-03-18
DIVIDEND NOTICES
DIVIDEND.
TIE BiKKETr COMPANY x j

quarterly dividend NJ onc g,oItar and
sf.Sssty-31e = CENTS fsi.7sJ per share has
ses, deeiarn/ on both Common and Pre-
ffS%d caDyaI AtocA Of The Barrett CON.
Ia0N Eew> JesseT. and the Preferred stock
fubecffpSion Receipts II The American coaI
Pre63ets Conpany. DayaDie on April f.
1919. 70 Common stoc. holders OF reeord
~ At the ciose 81 business March 70, tais,
xssd on April IL. 1913, TO the Preferred
et1ek holders of record Of The Barrett
company and Preferred stock eubserIption
1S@ceiDt holders Of the American coal
PRODUCTS Company III record az NJ rhe eioss
~ business april ], 1913.
EEsEST J. STEER. Treasurer.
New-York tribune., 1918-03-18

Increasing stringency in the money
market position during the last
week indicates that apparently the
period of greatest strain is now at
hand. At the Stock Exchange call
money has been firmly maintained
at 6 per cent, and the rate would
probably have gone above that figure
in the course Of a normal working
of the law of supply and demand
But the bankers money committee
was active in the loan market and
supplied the deficiency in call funds
from its s2O0,00O,0oo, thus keeping
the rate stabilized around 6 per cent.
The United States government made
heavy withdrawals of funds from
the banks, reducing it's total deposits
at this centre by nearly S200,000,-
900. This was perhaps the most i'm
portant factor in tightening the
money situation, causing the men,
ber banks to make more liberal use
Of the rediscount privilege with the
Federal Reserve Bank, rediscounts
at that institution increasing more
than $20,000,G00 last week. Owing
to the limited supply Of funds, the
banks have generally ceased Offering
credit accommodation for fixed
periods against Stock Exchange
collateral, and this department Of
the money market has accordingly
become only nominal affair. Some
time loans we're reported last week
at figure above 6 per cent. In
banking circles there has been talk
sof arrangements being made to
furnish an adequate supply of time
funds for Stock Exchange purposes
to carry over the Liberty Loan cam
paign period. The Treasury an
nounced new issue Of Az per cent
certificates Of indebtedness last
week. New York sold $40, 600, 900 Of
New-York tribune., 1918-03-18

short-term notes on a 4.79 per cent
basis, which compared with rate of
4.32 per cent on an issue sold in
February.
New-York tribune., 1918-03-18

creasing purchasing power, due to
imitation, will mean that the LARGER
tax rate will not be less of an in
crease In proportion to the earninos
OF the people than it appears on the
surface.
Taxation Is
Light in France
Taxation has been a relatively
unimportant method of raisino
money in France for war purposes
OF the four devices used, taxation
has yielded 16 per cent of the total i:
long term loans, 32 per cent; short
term internal obligations, 81 per
cent; and foreign credits, Is per
cent.
France has issued only three war
loans during the war. The last was
hoated in December, The loans
brought in altogether $4,000 600 900
francs. Unlike the Bank Of Enc
land, the Bank of France has car
RED the brunt of large part Of
The country's war financing. 1t has
madc nearly all it's advances to the
government through increasing it's
hote circulation, the Limit of which
has been raised from $500. .ooO. 600
New-York tribune., 1918-03-18

With the approach Of the period
when the third Liberty Loan cam
paign is to start, the bond market
has grown quiet, and at the Stock
Exchange there has been a further
contraction in activity in listed
bonds. Prices have held firm, how
ever, and in the case of municipal
issues there has been a continuation
Of the upward tendency. Foreign
government issues have about held
their own. The trend Of railroad
bonds has been toward increasing
irregularity on a small volume of
dealings. No one expects any i'm
portant change in the position Of the
investment bond market until the
actual terms of the new Liberty
Loan Offering are known, and it is,
indeed, improbable that much will
happen until after the governments
big loan has been hoated. During
the last week number of corpora
tions have put out some small new
issues Of notes at high prices after
having obtained permission to do so
from the capital issues committee.
A few more issues Of this character
are likely to be offered in the market
before the governments impending
financial operation is launched,
when, Of course, the whole machin-
cry Of the capital market will be
given over to efforts to make the
third Liberty Loan success.
The Union times. [volume] (Union, S.C.) 1894-1918, 1918-01-10
PRINCESS IS CARS MANAGER
Eudoxia, Eldest Daughter of Ruler of
Bulgaria, Said to Be Cleverest
of Family.

Princess Eudoxia, the eldest daugh-
ter Of the czar of Bulgaria, is said to
be the clevereSt member of Ferdinand's
Family. She manages the Sofia palace,
receives ministers and ENJOYS and
apologies to them for Fcrdinand's
mysterious absences; runs Fcrtlinand's
farm at Nitosch when Ferdinand is not
hiding there directs his business sDec-
uIntions and his enormous private
wealth, and, in particular. runs his big
iand-developlnent scheme around Chas-
kovo, near the Turkish frontier.
EudoXia is black-cyed, lively and
pretty, with an ambition, Sofia declares.
70 be married quickly. and cynics add
that Ferdinand chose the German side
instead of tho allies because Germany
has vast supplies of bridcgrooms of
royal, princcly and ducal blood. In
Sofia. EudoXia Is known as "Ballianska
Dieva"-the Maid of the Balkans. In
summer she makes solitary tours I'm
the nils, puts up in shepherds huts,
nnd shocks Ferdinand. who is a tImid
man with sharp distrust of his sub
JectS, and faith, inherited from q
thousand years of Bourbon ancestors,
that women, like men, of royal blood
are three times sacred.
The Union times. [volume] (Union, S.C.) 1894-1918, 1918-01-10
DON'T SCOLD, MOTHER!
THE CROSS CHILD IS
BILIOUS, FEVERISH
Look at Tongue! If Coated, Clean
Little Stomach, Liver,
Bowels.

Don't scod your fretful, pecvish
child. Sec if tongue is coated; this
is y sure sign it's little stomach, liver
and bowels are clogged with sour
waste.
When listlcss, pale, feverish, full Of
cold, breath bad, throat sore, doesn't
cat, sleep or act naturally, has stom-
ach-ache, Indigestion, diarrhoea, give
a tCaspoonful of "California Syrup of
Figs" ard in few hours all the
foul waste, the sour bile and ferment-
ing food passes out of the bowels and
you have a well and playful child
again. Children love this harmless
fruit laxative" and mothers can
rest easy after giving it, because it
never fails to make their little Sin
sides" clean and sweet
Keep it handy, Mother A little
given today saves sick child to-
morrow, but get the genuine. Ask
your druggist for bottle of Cali
fornia Syrup Of Figs" which has di-
recion for babies, children of all ages
and for grown-ups plainly on the bot
tie. Remember there are counterfeits
sold here, so surely look and see that
yours is made by the California Fig
Syrup Company" Hand back with
contempt any other fig syrup.
The Union times. [volume] (Union, S.C.) 1894-1918, 1918-01-10
Fish at Reasonable Price.

The Canadian governments venture
to supply the public with fish at rca-
sonahlc price has proved success. A
refrigerator service from Nova Scotia
to Ontario was provided, and the gov
ernmont's scheme was advertised. In
one week there were three cars carry
ing approximately 10000 pounds OF
5000 pounds. The varieties sold under
the governments plan, which provides
that the buyer shall take the whole
fish. are haddock and market cod. These
were the only ones available I'm guam
titles - Justify the experiment. Had
dock is well known; market cod fs
practically newcomer.
The Union times. [volume] (Union, S.C.) 1894-1918, 1918-01-10
TrYinq to Do Their Rit

While nearly every woman is irving
I" 90 her bit In some way, there are at
least hundred thousand other fair
ones who believe they can serve their
country by breaking into the movies
notes New York critic. That is why
every motion-picture office is crowded
with applicants and why mOtion-pic-
ture managers are busy men these days
or frantic filmdom. 1t requires much
patience, nerve and sometimes q set
or burglars tools to enable wOuld-be
actress to reach manager, however.
Dut an overdrcSScd woman of rather
ripe years gushcd her way past the
array or office boys and clerks into
the sanctum Of the man who hires and
hres. II wish to become a movie nc
tres5," she announced. "I feel that I
nave within me the makings of a great
1mperS0nator Of the silent drama"
'Have you ever had any experience,
madam?" asked the manager. Miss,
if you please" simpercd the applicant.
mo. 1 haven't any experience. NV
race Is my fortune" "Wcll, Won need
not worry about the income tax. II
that's the case" grunted the manager.
Don't slam the door"
The Union times. [volume] (Union, S.C.) 1894-1918, 1918-01-10
Fearless japanese Official

OF all the eccentric characters in
Japan, one of the most famous and
distinguished Is probably Viscount DR..
Jnaiiro Tajiri. president OF the i'm
perial board of audit. He hatters no.
body, not excepting himself, says a
correspondent, and is feared by all
who are not sincere. The late Prince
Katsura was once scOIdcd by him, and
not long ago Baron ShIbusawa waxcd
hot In anger ut a public meeting as he
rose to refute the charges of CONNER
cial corruption which ViscOunt Tajiri
had made against Japan's business
world at large. He is outspoken when
he thinks the occasion demands out
SpokcnnCsS. FearleSSneSS OF public
opinion or ridicule is dramatically cx-
cmpIiticd in the very simple and unprc-
tentious life that he is leading. His
food is of the simplest variety. He
daily carries 10 the office n bento box
filled with rice and some picked plums.
and during the past 40 years he has
ever stuck to his Spartan lunch.
The Union times. [volume] (Union, S.C.) 1894-1918, 1918-01-10
SECRET OF FRENCH CULTURE
Vibrating Balance Between Head and
/ Heart at Top Speed, Is Deduction
of Magazine Writer.

B Intensely alive. is the chief impres-
Sion one has Of the French, writes
John Galsworthy in the Atlantic. They
balance between head and heart at top
speed in sort Of electric and eternal
see-saw. 1t is this perpetual quick
change which gives them, II seems to
me, their special grip on actuality !;
they never fly into the cloud regions OF
theories anu dreams; their heads have
not time before their hearts have inter
vcncd, their hearts not time before
their heads cry. Hold They apprc-
hcnd both worlds, but with such rapid
alienation that they surrender to
neither.
The secret of French culture lies in
this vibrating balance; from quick
marriage of mind, and heart, reason
and sense, in the French nature, all
the clear created forms of French life
arise, forms recognized rs forms with
definite utility attached. Controlled
expression is the result of action and
reaction. Controlled expression is the
essence of culture, because it alone
makes sufficiently clear appeal in n
world which is itself the result of the
incalculablc interplay of complement
tary or dual laws and forces.
French culture is near to the real
heart of things, because 1t has sort
OF quick sanity that never loses its
way; or, when 1T does, very rapidly re-
covers the middle of the road.
The Union times. [volume] (Union, S.C.) 1894-1918, 1918-01-10
News from South Union

Mr.. w j.. Jolly left yesterday for
Columbia.
Miss Osie Whisenant of Columbia
spent Sunday with her father, Mr.. P.
C. Whisenant.
Miss Viola Trogdon left this morn
ing for Anderson, S. c., where she
will enter Anderson college.
Misses Lydia and Annie Mae Tuck
er have returned home, after spend
ing the Christmas holidays with
The Union times. [volume] (Union, S.C.) 1894-1918, 1918-01-10
friends in Newberry, S. C.

Mrs. j. M. Trogdon has been quite
sick for two weeks. But we are now
glad to say she is slowly improving.
Mr.. John Jolly is on the sick list
this week. But hope he will soon be
out again.
Mrs. Jim Kirby has returned to her
home in Columbia after spending
some time with her father. Mr.. w. j.
jolly.
Rev. ] M Trogdon made hurrying
trip to Spartanburg today.
Mrs. j. L. jolly and Mrs. Lucy
The Union times. [volume] (Union, S.C.) 1894-1918, 1918-01-10

Vaughan spent the day in the country
yesterday.
Mr.. and Mrs. Theo. Eison of the
country spent the afternoon with Mrs.
j. M. Trogdon.
The Union times. [volume] (Union, S.C.) 1894-1918, 1918-01-10

A load hurts no one. 1t is the
overload that kills.
A gravel in the shoe makes the
horse go lame.
The Union times. [volume] (Union, S.C.) 1894-1918, 1918-01-10

Nursing Sister r. c. MacAdams, M.
P, the first woman representative to
be elected under the new Canadian
regulations. Sister MacAdams has
been chosen to represent the overseas
soldiers from Alberta In their iepIs.
Iatlve assembly.
The Union times. [volume] (Union, S.C.) 1894-1918, 1918-01-10

Do not argue with a woman; she
can beat you at the game.
The Union times. [volume] (Union, S.C.) 1894-1918, 1918-01-10

Star gazing is all right if you are
journeying in a safe road.
The Union times. [volume] (Union, S.C.) 1894-1918, 1918-01-10

Because Of It's tonic and laxative effect LAxA-
IlyE BROMO QUININE In better than ordinary
Sulnne and does not cause nervousness nor
nrginR In head Remember the full ms me and
ook for the signature Of II. w. GROVR. SOC
The Barre daily times. (Barre, Vt.) 1897-1959, 1918-04-16
THEIR CHARTERS
WERE REVOKED
Many Vermont Corporations
Failed to Meet Law
Requirements
EXISTENCE ENDED
AUTOMATICALLY
Total of LILO Corporations
Have Been Certi-
fled To

Mortified, April l6.-The following
Vermont corporations forfeited their
charters by failure TO file their annual
license tax returns and for non.payment
of tax before April /:
Arlington Light & Power Co., Inc, Ar
lington; Cairo Temple association, Rut-
land; the Caledonia Flooring CO., Hard
wick; Calcdonian company Inc st,
,Iohnsbury; Society of Chevaliers de
Champaign, Burlington; Consumers Ice
& Fuel Co, Rutland; f, w, and J. A..
Dakin Inc, Brattleboro; Fair Haven
Electric Co, Fair Haven Granite City
Quarry Co, Barre trevoked for failure
to file returns only; A. w. Gray's Sons,
Middetown Springs; Groton Garage,
Groton; Groton Telephone Co., Groton;
Highgate Manufacturing Co.. Highgate;
international Electric CO., Derby Line;
George d. Jarvis Co.. Burlington; Lake
Dunmore Hotel & Realty Co., Brandon;
Lake Dunmore Power & Traction Co.,
Brandon. Lamoille Granite Co., Hard
wick; Lowell Creamery Co., Inc, LOWELL
MeIndoe Falls Light & Power Co., Bar