davidaulloa/AmericanStories huggingface dataset:
St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-08-17
Will Hereafter Be Support.
ed By Own Funds and
Credited With Work.
TO BE GOVERNED BY
CENTRAL COMMITTEE
Miss Ella B. Graham Assists
Various Towns in Their
Organization.

Miss Ella Graham. organizer from
the Gulf Division of the American
Red Cross, has been quite busy dur
ing the past few days assisting in
the organization of the new st. Tam
many Chapter and the town branches
of the Red Cross.
St. Tammany parish is now an in
dependent chapter and hereafter will
finance itself and receive recognition
in the reports of the Division, sepa-
rately for the work it does. 1t will
receive 25 per cent of the amount
raised at the recent drive, which will
go into the general fund. This fund
will be maintained by 25 per cent
of the local membership fees, except
life memberships, all Of which will
be turned in to general headquarters,
funds from entertainments, contri-
buttons, etc. 1t will have to pay for
material and maintain itself and fl
nance all its projects. There will
also have to be maintained relief
work and canteen service fund.
This will be miscellaneous fund.
Part of the work of the chapter
will be the building up of the Junior
Red Cross from the schools. Men,
bership dues will be 25 cents, or if
this cannot be paid, then some ser
vice equal to this amount may be
performed. This work will be cred
tied with 100 per cent efficiency
when Is per cent of the school mem
bership is enrolled The funds of
the Junior Red Cross will be placed
on deposit separately to their ac-
count.
The following organizations were
perfected:
Covington, Aug. 9-Mrs. R. N.
Leonard, chairman; Mrs. E. R. Mos
es, treasurer; Mrs. B. B: Warren,
secretary; Mrs. E. G. Davis, chair
man finance committee.
Slidell, Aug. 12-H. w. Woodruff.
chairman; DR.. F. r. Singleton, vice
chairman: Miss Beulah Bourgeois,
treasurer; Mrs. F. F. Wigginton, sec
retary; Mr.. w. ]. Kelleher, chair
| man finance committee.
Abita Springs, Aug. 9-Miss Rosa
lie Millar, chairman; Mrs. ]. Bordes,
treasurer; Mrs. C. T. Burkenstock,
secretary; Mayor Jos. .Bordes, chair
man finance committee.
Madisonville, Aug. 11-Mrs. p. A.
Blanchard, chairman; Miss Ethel
Bohning, treasurer; Mrs. Ralph
Chatellier, secretary; Mr.. w. H.
Bohning, chairman finance COM
mittee.
Vaudeville, Aug. 10-Mrs. w. E..
Van Zandt, chairman; Mrs. c. David,
treasurer; Miss Maria Sharp, secre-
tary; Mr.. H. H. Levy, chairman of
finance committee.
| Parish Central Committee.
Chairman, John L. Haller (chair-
man of executive committed; vice
chairman, F. F. Wigginton, Slidell;
treasurer, Theo. Dendinger. Madison
Vile; secretary, l.. A. Perreand, Gov
ington; chairman finance committee,
W. ]. Kelleher, Slidell; chairman CIV
ilian relief, ]. H. Warner, Coving-
ton; chairman woman's work. Mrs.
N. H. FitzSimons, Covington; chair
man publicity, Capt. G. E. Millar;
chairman chapter development, Eads
Poitevent; chairman junior member
ship (school committee) Supt. E. F.
Lyon; chairman military relief, Capt
H. A. Mackie; Red Cross nurse on
executive committee, Mazda Diel.
St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-08-17

Burns saw at the camp were Lenny
Fauntleroy, Collie Meyer. H. @. Park
er, Jesse Taylor, Geo. Wallace, VIM.
Bennett and Teddy Drew.
Mrs. Burns also visited her son,
Lieut.. Bryan D. Burns, at New Or
leans. He and Philip. both have left
for the front by this time, but their
destinations are different.
Mrs. Milton Burns and son How
ard were also visitors to Camp .eau-
regard, where they met their son
Willie, who is In Ahe Machine Gun
Corps.
St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-08-17
NOTES FROM THE FRONT.

Richard Gritlfmer is rapidly i'm
proving and will soon be aoie for
service again.
Abby Lanson vas slightly wounc-
eG; now we'll.
Cassius Richard, formerly crack
short distance runner and athlete OF
st. Pauls College, has been shot in
the hand and part of it was am
rutated.
St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-08-17
JITNEY DRIVERS HELD UP.

Mr.. Fred Brooks, revenue officer,
stood at the Tchefuncta bridge with
Mayor Lacroix, Tuesday, and helc up
jitney drivers as they crossed. Mr..
Lacroix collected licenses while Mr..
Brooks notified them that the fed
efal laws were being violated by non
payment of war tax of per cent on
each passenger. Some had collect
ed the tax and not turned 1t in
and others plead ignorance OF the
law. Mr.. Brooks will make his re-
mort to the Government and action
will be taken accordingly.
St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-08-17
PROCEEDINGS
Vaudeville
COUNCIL

Vaudeville, La, Aug. 6, 1917.
The board of aldermen met in reg
ular session on the above date with
the following members present:
Hon. w. G. Davis, Mayor; Jas.
Band, E. Dubourg, VIM. Hartman
and VIM. Griffin. Absent: A. G..
Maybe.
Moved by Mr. Band and seconded
by Mr.. Dubourg, that the minutes OF
the last meetings be accepted as read.
Carried.
Moved by Mr.. Dubourg and sec
onded by Mr.. Hartman, that the tax
collectors report be received and
filed.
Moved and seconded that the
treasurer's report .be accepted.
St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-08-17

Arthur J. Phillips, Of the Medical
Department at Base Hospital. Camp
Beauregard, La, was home on a fur
lough. He looks hne and is in the
best of health. His wife left with
him Monday, and will remain as long
as possible. We hope to see them
again soon.
St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-08-17
Life Preseyvers Kept On
Night and Day During
Whole Trip.
SUBMARINES SIGHTED
BUT NO ATTACK MADE
Atlantic Ocean Now One
Big War Zone To Be J,
Watched Closely.

Mr.. and Mrs. Herman Schults, 6r..
| are in receipt Of the following letter
from their son. Chris. who has Just
returend from overseas:
New York, August .. 1918.
My Dear FAMILY suppose that
you all think that have been lost.
but l am back In U. 8. A. oato and
sound and feeling nne % ever, but
let me tell you al that have booa
there. We went to y1a1co.
and of all the hard times have besn
through them. We had q terrible
bad trip. The old Atlantic Ocean sure
had her lighting clothes on. the
weather was bad all the way over
and nearly all the way back. It rain
ed all but two or three days and It
was awfully cold, especially In the
North Sea. We passed iceberxD time
and again 20 you know Il was cold.
and to show you how rough the 80
was. we did not set any table tor
eleven days going over, and just .
few times coming back. We Just had
to sit down on the deck and roll al
over to eat our meals. We also had
to work hard. and had to bo On oar
toes all the time. ~ the whole OCEAN
is the war some now.
We did not zee any submarines.
that is, / did not, but two Of The
boys reported that they saw enc.
We took twenty-eight merchant shlpG
over and did not lose any Of them.
We did not get asoro In France. !
don't know why. put they Wouio aos
let US leave tho ship ana We tu1ooo
right around ana came oack. We
passed In sight OF HALIFAX ana aieo
Ireland.
On our way back We got . wire
less from another ship that was -
ing shelled BY . German SUP. We
went to 1t and Just - We GOT y saesr
sight they submerged ana went away
and We brought the ship hack sate.
It seems that they had but two tot.
Dedoes and they had, % - easar
guns on the boat. Tney o1o ~ out
sink it-they tore It I'll @ 0Seoeo.
even shot one OF her masts down. ous
no one was killed. Tnae wao tAo
nearest We came to any real oettl!ne
although We we're ready ana e1pecsea
to be attacked al the way ovee: Mo
Kept our life preservefs On eu -
time. day ana night. we sos se
No1olk. Va. on our way peeA ana
had our target prectlce. Thss =
where the nervy stun comes y: We
had to nFe the DIG guns. tnes = ~
12-inch. We were only on taD saD
for training to handle the w. g
merchant ships. Tnefe were = ok
us, men to each gun crew. ana wo
each dred shots. four y tho Gay
and four ct night. ana the crew :
am with did tho pest snootane: NJ
got 5 hits IN the oay ana : ~ assns.
tell you tnat y eooo snoos,nk ~ :
green nunca. 1ou saoulo nees ~
noise tnose Suns MAAe' ~ ~ ="
day that We VIII % tIsnsle1Ieo pa:. :,,
to brook!yn: Aonaay, sno NJ ~. ~
PROBABLY pe mere talee mo1.a.: ~ L.,,Hs H.1
on the otner nano we msy 0o oas
out IN tew Meeks to msAo -. s.os sW~s
Trip 0n = Meleas4. .l.g' W. ~ -" ...ss.
are nnisneo ouI tramint aa sno s.1s,, Ai,
ned IN tne Nevsi Armeo 1 uus.. E...H ~
We VIII neve 20 oo :. ~. :'.a~ .s ~ ~
oy tne guns, p.e On M. ~ ~ IA. -
10 10 .,y.ln sve.y a.s ...aS =. ~ .n,a .x c,sins
evely tlme .aey ".ase -. ~ -. n...S
u. uon. .ne. "."~ ~. " ..~ v - go - e.srs
|
St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-08-17
DRAFTED MEN
WHO ARE OFF
FOR CAMP /.

BOARD there remains finally classified
n Glass l and examined and accept
ID for general military service only
ifty-three men.
The following colored men are Or
lered to report August % at 10 q. m.
md depart Thursday, August %, at
; a. M, via Y. & M. v. Railroad:
Louis Sykes, Ramsay.
Frank Cooper, Houltonville.
Tom Lott, Picayune, Miss.
Dewitt Sutton, Ramsay.
Pleminary Brock, Ramsay.
James Moore. Franklinton.
Thomas Jackson, Vaudeville.
John Blackman, Tahsheek.
Edw. E. Tyson, Covington.
June Lawrance, Vredenburg. Ala.
Henry Williams, Folsom.
Dave Moore, Florenville.
Henderson Brown, Columbia, Miss.
Nathaniel Moody, Slidell.
Andrew Johnson, Vaudeville.
Leonard Parker, Slidell.
Herbert Magee, Houltonville.
James Delee, Pearl River.
Lewis Bryant, Vaudeville.
Grover McClothin, Ramsay.
Charley Leonard, Florenville.
Bruce Fortner, Abita Springs.
Ernest Levy, Covington.
Jessie Claiborne. Folsom.
Frank Underwood, Slidell.
Walter Brown, Bovina, Miss.
Isaac Coleman, Pearl River.
Shelby Brown, Hushpuckena, Miss
John Williams, Slidell.
Edward Hyde, Madisonville.
Oliver Crockett, Covington.
Sam Lewis, New Orleans.
Menzie Knighton. Hattiesburg.
George Washington, Mandevliie.
Johnnie Rufiin, Covington.
Ed. Gordon, Slidell.
Dan Allen, Vaudeville.
Leroy Morgan, Heidelberg, Miss.
Wiley Williams, Covington.
Jessie Lewis, Vaudeville.
Ralph Laurant, Vaudeville.
Andy Chantler, Ramsay.
Willie Dyson, Covington.
Edw. Strahan, Slidell.
Harvey McFadder, Covington.
VIM. H. Carpenter, Slidell.
Charles Navarro, Slidell.
James Brown, Ramsay.
Harrison Morris, Slidell.
Michel Plowman, Covington.
Leonard Erwin, Vaudeville.
Eugene Wiley, Covington.
John Parker, Covington.
Prince Williams, Ramsay.
James Pittman, SNdell.
Izell Robinson, Covington.
Luther Jones, Vaudeville.
Jefferson Baker, Hammond.
Edwin Flot, Abita Springs.
Richard Blakely, Slidell.
Victor Smith, Lacombe.
Lander Walker, Sun.
Nicholas Battiste, Lacombe.
Sidney Ducre, Lacombe.
Emanuel Williams. Lacombe.
Justin Roberts. Slidell.
Willie Warren, Folsom.
Ionic Scorza, Madisonville.
Tucker Ordogne, Lacombe.
Ernest Brookter, Slidell.
Leroy Jordan, Ramsay.
James NJ. Mayfield, Madisonville
St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-08-17

Scout Master Edw. Bach brought
his Boy Scouts to Covington. FRI
day, from Vaudeville, thirteen milea,
In two and three quarter hours.
St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-08-17

The Covington Fire Department
will invest $4,000 in w. s. S. to
save the money for future investment
in an up-to-date Watrous engine,
when enough shall have been Sc
cured.
St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-08-17
Order Follows Investigation
of Fred E. Hamlin,
Publicity Man r. G.
RULING UNDER
ACT OF CONGRESS
Automatic Lighting md All
Cluster Lights and Signs
Are Prohibited.

A direct appeal to the people of
Covington and all st. Tammany par
ish to follow the U. s. Fuel Admin
istration's campaign, particularly in
observance of "lightless nights" Of
Monday and Tuesday and to Burn
Wood-Save Coal for War Furnacea''
is made by Fuel Administrator o.
Kelley of Louisiana.
The Fuel Administration Is not
represented by q fuel committee in
st. Tammany parish. but the Fuel
Administrator is making plans for
formation of a committee and an
nouncement of the committeeman
probably will be made within ten
days or two weeks.
The Fuel Administrations appeal
followed report to the Offices in New
Orleans that "lightless nights" were
not being observed in C0vington.
II believe the people of Coving-
ton are just as patriotic and self
sacrificing as any 0ther," said Fuel
Administrator O'Kelley. ''They have,
l am told, needed the Food Admin
istration's request to save food; they
have subscribed literally to the Red
Cross, Liberty Bonds and War Saw
ings Stamps.
'The Fuel Administration part
of the war program is just a. i'm
portant. Our task is keeping the
people warm and at the same time
meeting the tremendous demands Of
war for coal. Without coal, war
ships cannot operate; munition fac
tories will close, and thousands and
thousands of people will suffer.
While we have great coal mines in
the nation, there is q limit to the
amount of coal that can be mined
because of the transportation prob
lem.
I'm rural communities where wood
is available for fuel, 1t is the duty
of all patriotic people to burn wood
and not use coal. In the winter,
when the coal situation il certain to
be acute, it is likely that coal will
be denied communities where wood
is available. l cannot impress on
the people too much the great neces.
sity of everyone cooperating in thil
part of the war program"
The lightless nights order allows
only enough light in public places
such as movie theatres, a. needed fol
public safety. No electric signs
store window lights, and the likes
are allowed ON Mondays and Tues
days.
Mayor Lacroix has instructed Of
ficers to notify users of electric signs
and display windows that the law
! must be enforced. Violators in fu.
ture will be arrested and fined.
Copies of the ''lightless nights
order are available free by writing
Fuel Administration of Louisiana
Publicity Department, 401 Cana
Bank Annex, New Orleans, La.
St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-08-17

Miss Ruth Warner has returned to
Austin, Texas, after spending her va
cation ct home here.
St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-08-17
Lightless Nights Order.
No 2453.

Washington, d. c., July 18-It ap-
pearing to the United States Fuel Ad-
ministrator that 1t is ESSENTIAL. In
furtherance of the national security
and defense, the successful prosecu-
tion of the war, and the support and
maintenance of the Army and Navy,
to lessen and prevent the waste OF
fuel, and to secure and adequate sup
ply and equitable distribution and
prevent, locally and generally, search
ty thereof, and that to these ends,
1t is necessary that the use OF fuel
shall be limited and restricted In the
manner hereinafter set forth.
The United States Fuel Admins
traitor, acting under authority OF an
Executive Order of the President Of
the United States, dated August 23
1917, appointing said Administrator
and OF subsequent Executive Orders
and in furtherance Of the purpose Of
said orders and of the Acts of Con
gress therein referred to and approx
ed August 10, 1917,
Hereby adjudges, that In his opin
ion the use of fuel or Of light gen
Grated or produced by the use ol
consumption Of fuel for any of th'
purposes hereinafter described, ex
cept as hereinafter provided, Il
wasteful. and that any person usinl
fuel or light for such purposes. ex
cept as aforesaid, IL engaging In [
! wasteful practice or device In hand
I ling or dealing with fuel, and tha
the use Of fuel or light for such pur
poses, except as aforesaid. Is pre-
judicial and injurious to the nation
i al security and defense, and caus
of scarcity locally and generally. an
said United States Fuel Adminil
Contiauea % Daeo %
St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-08-17

SQ0Clal OE Ocd w al AS OuAs'
Balance August l 49,. 910.98
j. P. HUTCHINSON,
Treasurer Pro Tenn.
Moved by Mr.. Dubourg and sec
onded by Mr.. Griffin, that the bills
approved by the Finance Committee
be paid by warrants.
Carried.
The Mayor appointed the follow
ing to serve as commissioners at the
election to be held August 18th:
Herman Borey, Alex Band and VIM.
Peters, commissioners; and Geo. F.
Bierhorst, clerk.
Ernest Faure was appointed to act
as special marshal at the election.
Moved by Mr.. Hartman and sec
onded by Mr.. Griffin, that the Mayor
and Secretary make all arrange
ments for the election.
Carried.
There being no further business
the meeting adjourned.
w. G. DAVIS,
Mayor.
j. P. HUTCHINSON,
Secretary Pro Tenn.
St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-08-17

Governor Hall spoke at the court
house, Tuesday. He was introduced
by DR.. Tolson.
St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-08-17

WANTED-A boy. Apply Ct fAo
Ksotsel Pr1nting House.
St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-08-17
PARISH EXECUTIVE COMMITTEE.

The Parish Executive Committee
will meet Tesday, August 20. at IL
m. to select commissioners OF cleo
ton for primary of September 10.
St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-08-17

Mr.. ]. p. Seals. of Franklinton,
was q business visitor to Covington
last Tuesday.
St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1918-08-17
MANDEyILLE ELECTION.

The Vaudeville municipal election
passed off quietly. The only oppos-
ing candidates were for the mar
shals office. The new officials should
give Vaudeville a progressive admin
istration, as they are men of stand
ing and business ability.
The following is the ticket:
New-York tribune., 1918-06-02

sl,oo6,972, against s48o,337 for tho cor-
responding period of the nracad;na ~,
year. an increase OF $526,e35.
T; H. Symington Company.-Tbe an
nuai report for the year ended De-
cemoer e aoe 81, 1917, discloses net profit
15 1ac csa3o,oS2, which compares with SELL
taroat ~ lor ene preceding year. After in
tion, ETC., of s2O6,49S, surnlus 20, ~ eIia, ~
year amounted to $615995' M aranst rnt
soso'oo5 for the year before. Div;e
dends were 100000, leaving a balance
1or the year of $495,995. command
with $59S,565 for 1917. GU
Galveston-Houston Electric rh
company's report for April shows proas
earnings of s2O5, ,o83, comnared VIZ w;ts
sloO.es9 for the same period of the 1,
previous year. Net earnings amountaS taS
70 soo'9o6, against $44,32S for the cor.
responding month of last wear Cross
earnings for the twelve months ended
April 80 totalled $2,265,273. Net To aarn1
lngs were $782,994. Surplus af+a-
charges for the period was $a22,soa.
~, boston & Maine Railway Comnanv
me company reports total operating
revenue for April of $5,567 500 con,s
pared! with $4,716,383 for the sono s0n.o
month OF last year. Operating ;nconae
amounted to s979,6O0, against ST. 81 &c
oal o 'zz3 for the corresponding period ~
the year before. Deficit after charoos os
totalled $14s,125. Total operating rsv' svs
enue TOR the first four months Of tbe
current year were $18,7S5 400. Crose
income was $261,557, compared VIZ
S2.o4S,862 for the same months Of tha
previous year. Deficit for the ner;od
amounted to s3,695,412. p''4ou
New-York tribune., 1918-06-02
News Digest
New York

South African Bank Expands.--R. E.
Saunders, New York agent of the Ma
tonal Bank of South Africa, Ltd, an
nounced yesterday that the bank had
acquired the banking business of the
is the fourth bank the National Bank
Of South Africa, Ltd, has acquired, the
other three being the Bank of Africa
Ltd, the National Bank of the Orange
River Colony, Ltd, and the Natal Bank,
Ltd.
Stock Exchange News.-The follow
ing announcements were made in the
weekly bulletin Of the Stock Exchange
yesterday: Changes in frms-John
Muir q Co., Charles A. Burbank retired;
E. F. Hutton & Co., Irving P. Fay ad-
mitted. New addresses-S Rheinstein,
at Lansburgh Bros, 80 Broad Street;
Charles A. Burbank, at Cammann & Co.,
29 Broadway; N. L. Carpenter & Co.,
AZ Exchange Place; James P. Travers,
Branch officcs-Logan. & BRYAN, West
Baden, Ind, discontinued; Louchhcim,
Minton Co., Philadelphia, discontin-
ued; Ware & Leland, Chicago, discon-
tinued; Vernon c. Brown & Co., l
Broadway. discontinued; George A..
HUM & Sons, Lakewood, N. j., discon-
tinued; John Muir & Co., New Haven.
Conn, discontinued; E. w. Wagner &
Go. (new), Richmond, Ind; Rhoads &
Co., Hartford, Conn, discontinued.
American Iron and Steel Institute
Praises Railroads.&c.. G. Young. chair
man of the subcommittee on traffic
conditions of the American Iron and
Steel Institute, in a letter to A. H.
Smith. regional director in the railroad
administration, said that great improve
ment in transportation had been made
in the last few months and that condi-
tions were now practically normal.
This letter, which was made public yes
terday, has been passed on by Mr..
Smith to all the railroads concerned.
| with his thanks for their cooperation.
Theodore H. Price in Government
Service.-Theodore H. Price has re-
signed as editor of Commerce and
Finance" a weekly publication, to be-
come actuary of the United States
Railroad Administration. Richard Spill
lane has succeeded him as editor.
New-York tribune., 1918-06-02
Paying Russian Coupons
National City Bank Meets In.
terest on $25,OOO,OOO

The National City Bank announced
yesterday that it was paying the Ia.
terest due on the 100000 Russian
government external 51s per cent bonds
that were sold to investors in this coun-
try before Russia's detection from tie
ranks Of the Allied nations. The Iune
1 semi-annual coupon amounts to $6s1,.
500.
In banking circles the fact that tie
Russian bond interest was not allowed
to be defaulted was ascribed to the
attitude of President Wilson toward
Russia. The present Russian govern
ment has no funds on deposit here, it il
said; hence the assumption was that
the money needed to meet the Juns
coupon was supplied from funds previ-
ously advanced.
The SIS were brought out by syn.
dicate of investment houses at "a. Re.
Gently they have sold in the market
around 35.
New-York tribune., 1918-06-02
The Dollar in Foreign Exchange

Exchange on Italy, after display Of
weakness early in the week, took on a
somewhat flrmer tone, although the
tendency was not sufficiently pro-
nounced to indicate that the Italian
government has yet been able to sta
bilize the lire market A new low
record of 9.16 lire to the dollar was es-
tablished on Wednesday, after which a
moderate increase in the demand,
combined with slackening in the Of
ferings of Italian bills, brought a
moderate recovery In the rate. In for
eign exchange banking circles it was
asserted during the week that Italy
needs credits of about $40O,O00,0OO a
year in order to stabilize lire.
Neutral exchanges fuctuated mar
rowly as rule during the week, but
the general tone was firm. Dutch
gullders held between 49 and So
spanish pesetas were firm. Scandina-
Wan rates underwent no important
| change. Much interest was excited in
exchange circles by the announcement
that Sweden has adopted a plan by
which credit may be advanced to gov
ernmentS OF foreign countries on be-
half of the commerce of their nationals
when the latter are buying heavily of
Swedish goods and the balances are SO
much in favor of Sweden as to put the
exchange at an impossible premium
/ In doing this it is believed that Sweden
has not been influenced by the general
development of international exchange
OF trading credits to any great extent
but has developed the plan to meet
the conditions of her own situation. /,
is understood that the arrangement ha.
already been put into operation be-
tween England and Sweden.
The Swedish Legislature in February
brought forward bill authorizing the
National Debt Office to authorize a loan
of 100000 kroner in per cent bonds
of the Swedish government to a com.
pnny to be formed under the super.
vision Of the Minister of Finance to
| use as security for bonds to be issued
oy that company, says "The Americas. y
Evidently further loans will be made.
| The capital Of the company was to be
100000 kroner, subscribed by banks
in Sweden. The company's business
will be the supplying Of Swedish credit