davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-08-19
Like American Garments

There is steadily increasing demand
in Argentina for American wearing sp-
rarel, especially hosiery. the Bureau Of
Foreign and Domestic Commerce of the
Department Of Comerce rcnorts>. In
regard to hosiery there Was comYlojnf
at flrst III rcgal, TO colorine. but the
eXcell'T.ce OF American dyed goods has
been proven since. The government re
port referred to says there are S.ooo oaa
people IN Argentina and the climate i
rigorous enough to make even the poor
es' consumer OF wearing apparel
Arg"httnlan@ arc naturally free spend
ers and Tor the mos. part are nilliro
10 pay llbcrally for What thew Uenr.
ealthv clients demand the best the
nome market affords. and if that il not
good enough the dealer is often in
structed to send abroad fo- the de-
sired article. Nor is this charactar;s.
1i, NC confined to the wealthy class alone
ne loo-peso clerk in a stntioner's shon
WI receive customers in carefully
pressed black broadclath cutavav coat
and gray trousers. The operating per
Sonncl OF the railroads md street rail
ways demand two new uniforms yearly
70 satisfy their ideas of personal nu-
peatance during working hours. Poems
On 'ne haclendas in tho country will
Npend weeks wages for silk ker-
ch'cl to knot about their thronts on
ttsss--a OCCASIONS.
New-York tribune., 1918-08-19

ing the last week, and there is no
indication that there will be any
real improvement in the situation
until after the fourth Liberty Loan
has been foated. Government with
drawals and the need of funds for
the payment last Thursday of the
final instalments on Liberty bonds
of the third issue still further mar
rowed the supply of money, which
already was extremely sparse.
Banks had to call demand loans to
meet these needs, and throughout
the week the money pool found it
necessary to put out call funds to
prevent stagnation in the stock mar
ket or the unlimited soaring Of
money rates. AS result, though
rates remained firm, there was no
increase. Call money on mixed col
lateral brought 6 per cent and on in
dustrial collateral 61a per cent. On
Monday and tuesday there was
some call money available chiefly for
renewals at 524 per cent on mixed
collateral. With the exception Of an
offering Of 100000 for thirty-day
loans last Monday, virtually no time
money was put forth, and rates,
which were essentially nominal
stood unchanged at per cent. Al
though the money market is now a
government market and is inhibited
by many restraints, it is not unusual
even in normal times for money to
be relatively scarce at this season Of
the year. Soon the movement of
crops will begin, and that will alb
sorb credit to large degree, cspe-
cially in the latter part of next
month.
New-York tribune., 1918-08-19

Boston, Philadelphia and New Or
leans, Seattle, San Francisco, Los
Angeles and Manila transshipping
harbors and entrepots OF the world
trade traffic, provided we are ready
TO rise to the occasion as have the
Ianseatics. the Dutch, the Flcmings
and the Englishmen.
Investment of Surplus Savings
The methods of finding a larger place
under the sun of commercial enterprise
touch the side Of the question which
practical Non are most Interested in,
The bank survey outlines three essen
tial approaches to the solution OF the
world trade problem:
First-To teach and induce our pco-
pie to export their surplus savings
which aye not required by the indus
trial life OF our country and to invest
them IN wealth producing foreign en-
terprscs.
Second--ro train the necessary crews
to man all available American ships.
which are at. present engaged III war
work, and to amend our maritime egis-
lation so that we may be in a position
to employ said ships under the Ameri-
can flag for the export and import
trade from Asia and South America 70
Europe and vice versa by way Of oNr
ports.
Third-'Io construc, extensive ware
house accomm odations IN every Ameri-
can key port along the nternatiou al
trade routes which cross the United
States and to create free ports at said
terminals.
In explaining the relation o. these
after the-war steps to war measures
the statement says:
While it IS true that the time to
initiate actiNc work Will not come
before The end OF the war. and while
it il true that at present ali our
energies must be devoted to the sue
cessful prosecution of the war. it is
nevertheless true that III time OF war
one mus prepare toy peace. lne
preparatory work 1'or adjustment
OH The lines broadly outlined above
IS so considerable that it is none TOO
soon to start now taking into COLI
slderatlon the different angles OF the
problem and focus the attention OF
the public on The main questions
which will rcssta blish. after the war.
the economic structure Of the world
and give to our country an opportu-
nifty to maintain and strengthen It's
leading position and reputation
among the progressive, broad minded
commercial nations of the world.
This statement is the first ~ q series
designed to fasten attcation TO tie
trade questions which erc expected 10
loom 50 large atter the LAST snot has
been fired
New-York tribune., 1918-08-19
Wants u. S. to Sell
German Plants and
Take War Profits
Wool and Cotton Authority
Asks Why Teutons Should
Benefit Here
Especial Correspondence OF The yr;b,,,

Especial Correspondence Of The Trsd.ne)
BOSTON, Aug. 17.--Various state
ments have been made, says the editor
OIL The American Wool and Cotton Re-
porter that German owned concerns
located in the United States would be
sold SO as to make them unquestion-
ably American and the money received
for them invested in Liberty Bonds for
the original owners. At the present
writing they have not been sold. MANY
OF them are operating on Government
work or on orders for civilian con-
sumption. Some of them are large con-
Germs and because OF their big pro-
duction have been run economically and
at a relatively large profit even in
normal periods.
Under war conditions profits have been
exceptional Why should any German
profit due to war conditions? Why
should any of the profits obtained since
war WAS declared be allowed to revert
TO German owners? Some disposition
must be made OF the profits obtained,
and even ii placed in Liberty Bonds
and handed over to the owners, this
in no way appears equitable.
Ii the time is approaching when such
concerns are to be sold, the first and
most necessary thing to be done is TO
make a fair valuation of the plant and
equipment when the war started, and
any excess due to war profits or to
increased valuations should be turned
back to the United States Government.
This applies not only TO textile con-
Germs, but 90 all OF the German con-
Germs located in the domestic market
and operating at fun capacity and, to
large extent. under conditions idcnti
cal to those OF domestic plants.
The sooner some satisfactory an
rangement is made. both for thc dis
posal Of these concerns at q fair pre-
war valuation, and under conditions
which raake it absolutely certain that
an OF the various profits which have
been obtained during the wan', less q
fair dcprcc iation charge, should re-
vert TO the United States Government.
lhc better it win be for everyone con
cerued.
1t would also end criticism and en-
1i.ciy prevent statements that the
German owners will eventually obtain
ne. profits on the basis Of efficiency
and due TO way conditions, which COM
pare 1avorably with what domestic
manufacturers have obtained.
New-York tribune., 1918-08-19
BY George f. Roberts

by George t.. Roberts
Assistant to tho President. National city
Bank ot Ne,o yors
We are going to be in a peculiar
position after the war as regards the
loans we arc making to the Allied ma
tions. These loans will soon amount
to ten billions of dollars and over, and
the interest coming to US on these and
other foreign holdings Will be over
5000 100000 per year Our own Sc
curitieS which were held abroad have
been largely returned to this country
How are our debtors going to pay this
interest? They cannot pay it in gold
that is a physical impossiblity; there
isn't enough gold produced in the world
to do it, and If there were we DO not
want 1t here. VIII they pay it in
goods? VIC don't want balance
against US of s500.00O,O 900 a year in
goods. We have been accustomed to
having merchandise balance in our
favor, and we want to increase our
exports Of goods. What are we going
to do, then. with this acruing interest?
About the only course open to us is to
capitalize it, rcinvest It abroad and go
on rcinvesting the proceeds abroad
We are out in the world to stav be-
cause We can never get our belongings
home.
And that raises another question to
ponder over, a question that goes to
the very heart Of the social problem
over which there is SO much aGitation
Who gets The benefits from the indus
trial progress which is going on in the
world, and from the accommodating
wealth? DO they all 60 to the people
who own the wealth who hold the
titles OF ownership? That is q very
interesting question. and ] commend 1t
for thoughtful attention. All the So
cialist agitation proceeds upon the
theory that the benefits of wealth III
private hands all go to the oWners.
They will tell you that certain very
large percentage of the wealth of the
United States is owned by certain
very small percentage Of the popula-
ton, and they carry the idea that the
benefits are distributed in the same
proportion
New-York tribune., 1918-08-19
Foreigners Will
Use Our Wealth

We Will be capitali2ing British IN
dustry, our claims against her will be
incrcasing but what OF that. IL we are
content to grow richer in bonds and
stocks and never want the products of
British labor? Our wealth will be in
their service. 1t will be enlarging
British industries; it will be giving
employment to British workmen; it
will be increasing British exports; it
Will be making business for British
ships and business for British mer-
chants and British banks; it will be
building up British cities. In shor,,
all of the benefits of this capital will
be there and stay there so long as
VIC continue to invest the proceeds
there. The books will show that part
Of this wealth belongs to US. but it is
all in their possession and working for.
them.
We viii be in the position of o citI-
zen of New York who has business
here affording an ample income for
all his wants. and who also has an in
vostment in Montana, the profits upon
which he regularly reinvests in Non
tana. His books would show gains, bat
there would be no withdrawal Of capi-
tai from Montana.
It is said that the relations between
capital and labor are going to be great
ly changed, and it is implied that labor
is going 20 get more and capital less
than in the past. Well, neither labor
nor capital in themselves get very big
pay; it is Intelligence, foresight, judg-
ment, coupled with labor and capital
that gets the large rewards, and this
ought to be SO. Society can always af-
New-York tribune., 1918-08-19
Utility Counts More
Than Ownership

That proposition won't stand exam
ination for moment. II is equivalent
to saying that nobody gets any benefit
from railways but the owners Of rail-
ways, that nobody has derived any
benefit from the invention and develop
ment Of the steam engine but the own
ers of engines, and that nobody derives
any benefit from the great system OF
factory industry but the owners Of
factories. The truth is that the owner
ship of these industries IS a matter Of
minor Importance; the fact of chief
importance is that these industries
are doing the work Of society which
would otherwise have to be done IN a
much more laborious way, and that We
are all benefited by them.
%ow, take tho case OF ,his Allied in
debtedness to us which win exist at
the end of the war, with an interest
charge, let US say. OF S5Oo,000.00o. /
think they Will be able to pay the in
terest- that is. they win have $780,
900 900 Of new wealth each year over
ard above wha. they Will consume.
They will be good for it. a. We SAP.
but there viii be this difficulty about
how to make payment, because it viii
be physically impossible 10 make it in
gold, and, in my opinion. there will be
opposition in this country to allowing
goods to be brought in. Let us take
the British debt TO US. for example.
The British government will find itself
after the var in the same situation il
is nov that is, it will have payments
to make here and have no available
means except by borrowing here. and
Il will proceed TO borrow, Offering terms
that will bring the money. Or it may b.
that British corporation securities viii
be sold in this market, just as Amer
New-York tribune., 1918-08-19
Dmkirk's Trade Future

Citizens Of Dunkirk, which had be-
come the third port of France before
the war. expect not only to hold but
to improve its maritime trade position
in peace times. There is great expec-
tation of increased trade with the
United States. New industries are
plnnned ON extensive grounds near
docks, canals and railway lines. Dun
l'rk IA the outlet for tho richest in
oustrial and manufacturing centres IN
the north and cast of Franco. Its fine
New-York tribune., 1918-08-19
Benefits of Accumulated Wealth Are
Public, and Not Privately Enjoyed
Ownership Is of Minor Consequence Compared With What May Be
Accomplished by Capital in Increasing Production and
Extending Conveniences for Society

lean corporation securities were for
merry sold in the English market. The
result will be that VIC VIII Get certain
paper certificates, evidences OF debts
or ownership, but that the materlal
wealth viii remain in England or be
sold by England i'll other countries
which want it. possibly in competition
with us. In other words, England will
increase her debt to us, but she will
keep the wealth herself or trade it off
elsnMhcre as She nloaSaS
New-York tribune., 1918-08-19

ty which guides it INTO new paths, for
being told how to do things better. and
the higher the average level Of intel
for leadership. because the greater its
gains will be-
New-York tribune., 1918-08-19

canal system offers cheap and easv
water transportation and it has ample
iand shipping advantages because o.
It's network of railways. It's docks are
large already, but they viii be ex-
teNGei
New-York tribune., 1918-08-19
World Currents
Will Make Il. S.
Great rade Link
Equitable Trust Company Urges
Development Of Resources
and New Markets

World currents are going in a direc-
ton which will probably make New
York, Boston. Philadeiphia New Or
leans. Seattle San Francisco and Ma
Mia tie trading centres OF all nations,
and the United States the connecting
link between Asia. Europe and South
America. according to statement on
tho international trade outlook pre-
pared by the Equitable Trust Company.
To achieve the goal to which destiny
seems 10 be pointing, according to the
statement. Americans must do two
major thiugs
First They viii have to develop all
their material resources even to the
extent OF tapping the dormant supplies
Of undevclcped countries;
Second-They viii have to create
new and powerful markets for the alb
solption o. their manufactured prod
ucts. They will have to enter into
close touch with countries and nations
susceptible Of being developed both as
purvcyors of raw materials and AS CON
sumers Of manufactured or half manu-
factured goods.
IN celebrating this analysts the
Equitable Trust Company statement
says:
Great Role for This Country
The most elementary knowledge o.
the worlds dormant natural wealth
and OF the distribution Of population
on the earth shows that the location
OF both these elements necessary. to
the international economic welfare
arc to be found in Asia, and to, q
lesser degree in South America. Ac-
ceptinis this theory as basic truth,
glance at the map Will suffice to
convince even the most conservative
among US Of the great role which
the United States win have to play
IN the coming work OF economic re-
construction. Our wealth, our de-
Nelopment and our geographic posi-
tlon VIII make it not only desirable
but Indispensable that we should act
as a connecting link between Eastern
Asia. South America and Europe.
Our proximity to the Eastern CONT
nent overlooking with natural
wealth, and with an industrious
population susceptible of being
lAuBi'N tll' advantages OF modern
comfort. represented by thousand
and one commodities manufactured
by Western industries, viii make it
most desirable for our capitalists,
manufacturers and promoters 10 take
an active lntercst in developing the
opportunities offered to us. thanks
10 our geographical position and to
lhe wor divide reputation rightly en-
joycd by our business men. It
should not be forgotten that we owe
it to ourselves and TO sorely tried
world to take full advantage of the
means which have been put in our
hands by circumstances and by our
location on the crossing point of the
great trade routes OF the near fut-
urc The same factors which have
made Of Hamburg, Amsterdam. Ant
Wcrp, London and Liverpool the
transshipping harbors and cntrepots
of the trade traffic between the West
and Northeastern Europe arc to- day
working toward making Nay York..
New-York tribune., 1918-08-19
Consolidated Exchange

limit of trade this exchange, 10 shsresl
Following table gives total transactions for
the week ended August Il. with the hign. loy
and closing prices
New-York tribune., 1918-08-19

The first loan in the above tabuiation
Will mature on September l. The issue
consists Of two-year notes. being a
direct obligation of the British govern
nent. Half OF the s3o0.oO0,o00 81. 5
fall due on November l, 1919, while tho
remainder natures two years later. The
most Important Of the above oblga-
tions is the $500, 900, 900 Anglo French
loan, which is due October Is. 1920.
New-York tribune., 1918-08-19
DIVIDEND NOTICES
The Color.5o p.

he Colorado Power Company
me regular quarterly dividend q on.
a'iu lAree- quarters pr cent. Gse.) hs,
bsen 5 deeia-"d on tho Preferred Stock. payS
bic September l6. 1913. 10 stockholders ~
record August 81, lnfs
4. =. WIDLJ. Secretary.
New York. August u. 1915
New-York tribune., 1918-08-19
OFFICE OF
EEDk.RAI. i9I NlAl .. AZ IL rrn-l- IL,

FEDERAL MINING & s,;Erryx1. ro
81 Bros sdway. New York City. Aug. Il 19is
dividend or ono and th-ee-qusrtor.
q 80 per cent on the preferred stock o,
,As company has to-day been declared
payable september 10Th, 1919 70 s.oel-
holders of record at the close Of brquass
Oh August 26th. 1918
GEO. w. PETERSEN, Secretary.
New-York tribune., 1918-08-19
We alth Nj ark kets and c.
Finance Economics

WALL SlKtEl OfrllE: Telephone
Mills Building, IS Wall ST. Hanover 6514
New-York tribune., 1918-08-19

Money was unusually tight dur
New-York tribune., 1918-08-19

prices include interest
Putnam patriot., 1918-07-26
PRIVATE HENRIES
 KILLED IN ACTION
Met Death on Firing Line June
 5.-Enlisted July s, 1917
Born in Woodstoek.-Brothe Joseph Left With Draft Quota Thursday

Private Israel Peter Henries was killed in action in France June 5. His death first appeared among the east alties. Thursday.
 Henries was born in Woodstock and spent most of his life there. He was the son of Mr. and Mrs Walter Hen ries He was born April D, 1892. The family now lives in Quinebaug, where they removed about year ago from North Woodstock Henries is a de- scendant of the Nipmuck Indian tribe
 Henries was working at the Stew ems mill at Quinebaug. He enlisted July s, 1917. as private in D Com pany, 23rd regiment, End battalion. He was soon sent overseas. A strange coincidence of his death was that his brother Joseph learned that he had been killed just as he. Joseph, was leaving Putnam for Camp Devens with the 16th districts draft quota, Thursday.
 Besides his parents Henries leaves three brothers and two sisters. Chas. Munroe of Harrisville is his uncle
Putnam patriot., 1918-07-26

Judge Maltbie of the Superior court has handed down his decision in the case of the Union Block Com panv vs. Christos Tergis, finding that l the justice before whom the case was tried erred in not explaining the law l involved in the case to the jury 1 While the higher court does not at l tempt to explain the legal questions the case involves, and the Union Block Company may either appeal to the Supreme Court, have new trial or start new proceedings. 1t IS said that the Block Company IS satisfied with the outcome because the propos- cd contract it had with the govern ment was not lucrative one or of advantage, in view of the fact that the cost of fitting up the premises to meet the governments requirements would have been a burdensome ex- pense at this time. If this be so, the matter of new quarters for the post office is as far from solution as ever, and the government will have to seek further for quarters meeting it's re- quirements.
 The proceedings were started last March when Union Block Company served notice on Christos Tergis to quit possession of a store in Union block occupied by him as pool room. It was alleged that the lease of Tergis, which has about three more years to run, had been broken be- cause the defendant had allowed gam bling on the premises. There were other minor allegations which 1t was alleged also broke the lease. Tergis refused to quit possession and a trial was had before Justice George Pot win and a jury. An important ques- ton that arose was whether the ac- ceptance and holding of check for a months rent by the agent of the block company was for March or Alp Til. Plaintiff claimed he thought 1t was for March, and as soon as he dis covered his error he returned 1t. De- fendant claimed he told plaintiff he was paying the rent in advance, as had been his custom.
 At the conclusion of the trial and arguments, Justice Potyin failed to explain the law to the jury. What he did say in his charge was as follows: :: Justice Potvin's Charge to the Jury.
 Members of the jury: You have heard the attorney for the plaintiff and the defendant explain to you the law and you have heard the witnesses giving all he facts that you ought to
Putnam patriot., 1918-07-26
Rear of Mullan's Store and Grocery Stock Dam aged. Building Occupied By Cloutier's
 Saloon Gutted
FIRE BELIEVED TO HAVE BEEN OF INCENDIARY ORIGIN DISCOVERED BY MISS JEANETTE MACDONALD
 OF PUTNAM INN
Bremen Fought Hard Using Seven Streams of WaterHae There Been High Wind Nothing Could Have
 .R Stopped the Flames

eral times but was quickly extinguish- ed. Paint on the north end of the Putnam Inn block was blistered by the heat Thousands of gallons of water were used. but at no time was there lack of water pressure. A yer itable pond was formed in the rear of the Mullan and Bradley buildings and the water was several inches deep.
 At one time it looked as if the fire in the larger building was getting be yond control and at the same time the smaller building was blazing alarm ingly It was only by the hardest work at this critical time that the fire was again kept within bounds
 It was well along toward ' o'clock before the "all out" signal was rung.
 The matter of the origin of the fire is under investigation and one or two sheht clues have been unearthed. There was no noticeable odor of kero- sene.