davidaulloa/AmericanStories huggingface dataset:
The sun., 1918-12-19

The widespread discussion OF the price
question, that some believe has been the
most emphatic structure upon speculative
activity, was the basis OF a paper writ
ten by b NJ. Anderson, Jr., OF the Ma
tional Bank OF Commerce, New York.
Neither price fixing nor a forced ex-
pansion of credits can prevent the fall
In prices which the return to peace con-
ditions inevitably involves" he declared,
NOR would they be desirable II they
could. II prices were artificially sus-
tained. It would merely mean period of
hesitation and increasing strain. AS they
decline naturally. however, we shall see
the emergence OF cessive strata OF de-
mand which have been submerged by
war time prices and the transition to
peace time price levels will be relatively
painless. This will be particularly true
since current stocks OF goods are light
and since the relaxation of the forced
draft under which production has been
proceeding will make possible large
economies and Increasing efficiency
which will make 1t unnecessary for
either profits or wages to fall as rapidly
as prices fall"
The sun., 1918-12-19
Selling the Rails.

Wall Street was very much disap-
pointed at the approval of the five year
control plan attributed to Walker d.
Hines, because he was supposed to be
railroad man OF the type known as
orthodox. wall Street, furthermore, ex-
pressed disappointment in the turn or
railroad affairs by selling the rail shares
In the standard issues the selling seemed
to some to ,be illogical In view OF
Director-General McAdoo's pronounce
ment as to n return at the beginning OF
the year to private control unless MS
control plan was acted upon by Congress
The dearth of logic lay In the fact that
many OF those who sold the standard
rails did so because they were OF the
impression that continuance OF Gov
eminent control with It's guarantee
would remove the speculative interest
from those shares. AS to the low priced
rails the selling there was predicated In
instances on the belief that
the five year control would give the
roads OF the weaker class nothing and
that immediate return to private control
would give them all the temporal sensa-
tons of eternal perdition.
The sun., 1918-12-19
GOSSIP OF WALL STREET.
Ii He RIumnEf

Still another reason why the Admin
istration desires to return the railroads
to their private owners on January 2, II
was learned yesterday, lies In the beliet
that II the return were postponed to
March the overwhelming public de-
mand for immediate remedial legislation
would force the Administration to call
an extra session OF Congress. 1t Is I'M
derstood that the Administration desires
to avoid the calling of the new Congress
which Will be Republican. II II Is pos
sible to do so. But unless there Is an
increase in the sentiment favorable to
the extension of Government control OF
tho railroads until January, 1924, the
Administration is on record as to its IN
tention to return the roads to private
operation. From the political point or
view, It IL understood, January would
be a more favorable date for the return
than March 1. The question being asked
in banking circles yesterday was, rs Mr..
McAdoo bluffingY' Whether he is or
not, preparations are now going on TO
handle the railroads privately at a very
early date.
The sun., 1918-12-19
The Money Outlook.

The absence of any ofticisl change in
the condition OF n restricted money
market has not varied the opinion of
some in the financial community that
better conditions must prevail long be-
fore the next Liberty Loan Is foated. II
is true that Benjamin Strong, Jr., in his
latest utterances offered no encourage
ment TO those who believed that In the
first few days OF January the money
committee would cease to function a. a
restrictive body AS to that it was
pointed out yesterday that what Is
known as the money pool could very
well dissolve in January or even now
without causing the money committee to
devate from its professed course OF
keeping the loan situation within a def
mite aggregate Though the persons are
the same, the money pool was a Volun-
tary union of banking forces that offered
to supply funds to Wall Street when the
Street was first threatened with a
scarcity, whereas the money committee
Is an auxiliary body OF the Liberty Loan
committee of the New York Federal Re
serve Bank, whose need of operation
arose with the fear that Wall Street was
getting too much money. Whatever the
money committee may decide after the
turn OF the year, a very prominent
banker declared yesterday, the time IL
swiftly approaching when the money
committee will be forced by Circum-
stances to relieve the situation n, regard
to brokers' loans for speculation And
that time, he averred would be long
before the fiotation OF the Fifth Liberty
Loan,
The sun., 1918-12-19
TeIegrams TO McAdoo.

The element OF uncertainty regarding
the probability of return of the railroads
to private control on January not only
caused Il moderate amount OF liquidation
yesterday in railroad issues, but 1t was
responsible, it is understood, for the de-
spatch of many kilograms TO Washlns-
ton. The questions asked were: Are
the roads to be turned back on Janu-
airy .? Are they to be turned back on
March II" The consensus OF opinion
was that the lDireator-General was bluff
nng when he threatened to return the
roads after the conclusion of one year
of Federal operation provided there was
not an immediate and better response 10
his Eve year proposal. His bluff bank
ers saw. nevertheless has been called,
for sentiment has crystalliEed against
the five year extension. and now bankers
security holders and railroad men ask
What is he going to do about II?
The sun., 1918-12-19
FINANCIAL NOTES.

Ths capital Issues committee has ap,
proved the application of the Tobacco
Products Company for the issuance of 81, coo. :
600 common stock.
Bonner Steel Company has filed an appli-
cation with the Secretary of State TO in.
crease Its capital from 81, 100000 to sls.OOO
Texas Company rights have been admitted
10 dealings In the New York Stock EXCHANGE
Federal Reserve System has admitted the
talized at $4,000 and the Washington Saw
ings Bank, Washington. Mich. Sc, 900
Net earnings OF the Tonopah Belmont and
Development Company for November
amounted 10 S5Ssss, compared with So. SIS
in the previous month.
Jim Butler Tonopah Mining Company re-.
ports net earnings for November OF s. go
AGAINST S,A2 In October.
Bethlehem Loading Corporation Of Della.
" are capt. allied at 81 900 O06 has filed a GER
tlhcate OF Incorporation with the Secretary OF
Stste of New Jersey. y. c. Grace is pres.
dent. The principal offices are In Jersey
City
Joseph r. Swan of Keen, Taylor 4 Co. has
been appointed "a vice president of the Guar
anty Trust Comnanv He viii take up his
duties on January l.
New York Coffee and Sugar Exchange
has received application for membership
from o. J. De'ta and r. A. Schonbrum
Howard Elliott president OF the Northern
Pacific Railroad and former chairman Of the
New Haven Railroad system has been
elected director Of the National Surety
Company.
The sun., 1918-12-19
American Can.

The directors of the American Can
Company aro to meet to day. Despite
recent predictions that some action
would be taken with regard to a dlvl-
dend for the common stock 1t was not
believed in we'll informed quarters OF
Wall Street yesterday that immediate
consideration would be given any dis
bursement Some suggestion was held
out that possibly a dividend might be
declared in January, but the best In
formation as to that was that the di-
rectors would declare no dividends until
they could see their way clear to main
tanning II, at the rate first declared, over
a period of years
The sun., 1918-12-19
TO THE HOLDERS OF
MEXICAN NORTHERN RAILWAY co,
First Mortgage go Bonds.
AinL Inc

Notice Is hereby given as provided in
Article II of the mortgage of the Mexican
Northern Railway Company to the State
Trust Company, dated December !, 1890
that proposals will be received by the
undersigned at Its office. l40 Broadway,
New York City, UP to ten O'Clock a. NJ.
Tuesday, January :, 1919, for the sale 10
II as trustee, at the lowest price at which
such bonds shall be offered not exceeding
io5 and accrued interest OF sufficient of the
above bonds to exhaust the sum OF Sl4-
1895: delivery to be made January s, 1918
Proposals should be sealed and indorsed
OFFERS OF Mexican Northern Railway Com
pany Bonds for the sinking Fund" and ad-
dressed TO the TRUST DEPARTMENT.
The Trustee reserves the right to reject
any or all offers, in whole or in part.
GUARANTY TRUST COMPANY OF NEW
YORK, Successor Trustee
BY CHARLES II. SABIN, President.
December II, 1918.
The sun., 1918-12-19
STOCK CLEARING
COMPANY PLANNED
Proposed Corporation viii
Take Place of Clearing
House Association.
TO SIMPLIFY SYSTEM
Present Daily Extension n
Bank Credits Expected to
Be Decreased 65 p. e.

The governing committee Of tho NJ,
York Stock Exchange yesterday ador,,
an amendment to the Constitution VII,
will bring about revolution I'm n,
method of clearing loans aud stool, Ma.
ances The amendment will be present,
to the members at once. and # II 49,,
disapproved within one week Will bccor,
a law OF the exchange.
Under the authority OF this arns-a
ment the plans call for the Incorporate,
under the laws of this state OF a ,or'
pany to be called the Stock CIcarr,
Corporation with paid in capital
$500, 900, all of which is to hc owned d,
the New York Stock EN.dnga IT.
company Is to take the place and assyr,
the functions of the present CIesrr,
House Association. In addition il ~
undertake the clearing of stock bsIarc,
and money loans through the cxtcrso,
of its credit.
Following yesterdays meeting n W.,
announced that the governing commit,
had adopted the following ameudn,ae,
which is added to the constitution.
Section g. The governing rou,rr.,
may cause to be organized a ,orpor,,.,
to perform the functions heroro,a.,
vested in the Clearing House and Sill,
other functions as the governing con-,
mittee may see fit to vest i'm H. and .n.,
on behalf Of the eXchangr ariI,.. .,.
hold all or any part Of m, .,ro- i
such corporation, and do all Things Nc,
essary to enable it to carry out the pun
poses OF its organization"
S. +. STREET, chairman Of tho sic "a,
committee of five appointed folr and
half years ago to study IT,. slbjrc, a
clearing securities and mou,y loans
we'll as the receiving, delivering and pa,,
ing for securities, explained ye,'trn,
that while every New York bank wInt
participate at the start, the ujau a,
received the approval of suh-commt,.,
Of the New York Clearing Hou-e A&o,
citation composed of Walter f.. Frcs
president of Corn Exchange Bau-. Gate,
w. McGarrah, president OF McHsrl
and Metals National Bank. ANA >',u-es
Baker, president of Bank Of th, Mauhaa
tan Company.
The sun., 1918-12-19

Farmers Loan and Trust Company quot,
mail transfers 10 Belgium, for rehei ar
charitable purposes, $50 francs to the dolla
The sun., 1918-12-19
EARNINGS STATEMENTS.
RaiIrOn d.

CANADIAN PACIFIC.
Second week November
Gross .,...,............ $a,7S0OOo Inc ss72, 900
From January l.
Gross sea PTS Inc. s. 49, $50
The sun., 1918-12-19
Mortimer Building for Home.

THE plan has also been approves
Mr.. STREET. said. "by the counsel FOR oil,
New York Stock Exchange. which h.,
prepared articles Of incorporation. art
by counsel of the New York C'o,rr,
House Association in so far as llu,so.
affected. All the members Of the Sto -
Exchange Clearing House AssoDa'.ol
which number more than soc Of who'
between 400 and $50 are active cleargl
OF stock. are to become participants .
the facilities of the corporation I.
probable that the new plan VIII MT 3
into effect for several weeks D., 'auSo
number of legal steps have % b" taari
and office facilities must be provided II
is probable that the Mortimer RulinI
which We purchased a few DAYS aeO ~
$3.50, 900, will be used to h0u7' the nv
corporation. 1t is certain To- u" used !
the business can be handed oil IVA
floors. but If we find that one l'e. foot
is an absolute necessity other VIt'iT'
will have to be provided
Discussing the two new activities ~
the part of the proposed Stock '''lr
Corporation. Mr.. STREET cNH.nata
clearing of loans. WHEREBY t.' 'NH"i
of banks to brokers for the purpose y
paying off loans is reduced 80 M'
mum, known az oyercGu'N.l' '" :
follows: AT present when .'ln :
called which a broker dc~,r.s ~ r'.N''
row It is necessary for him 10 ser"'
credit from his own bank fog Tho PIN
pose OF paying off the loan U IS W"
posed TO have the banks send 'a'T So
curities 10 the clearing cory ''a'N
where they will meet the Ica.c,' '1'Ne'
yof the bank loaning the '.n1 s. Pr,
while the securities are IN tie N.'s''
possession OF the clearing corpora ~
the old loan is paM off and 'h. r'" .'''
made, with such chau-es t So H.'''
as may be necessary by the hraneT'A
house, thus eliminating any c.td' ''
vances by third institution
The advantages CT the lnW st,s'
were shown by Mr. STREET as i0'"N"
AT present IL q mcmh'f gdES l"'
shares OF steel and sells 900 shares. -
clearing house furnishes l1 "'H
balance of 100 shares OF stock 'o rr.t'
and pay for the next day. 1Hi i A N'.'
Der buys l 900 shares o. stool ma SOL
900 shares OF Southern pa.NN The N'''
ent clearing system is OF u" a--'S''.'
to him should there be other N...'"
tons IN the Same stocks. IL IS I4'P'''-
to furnish credit lv the '."U.ls '.'
poration IN such n manner 'H'' ''r '
ceeds OF the delivery Of ~" t' s''''
OF Southern Pacific Will ha Used - '-
dtice the debit caused by the r.''-r
the 1 900 shares Of steel $50 '.' '." '
credit extension required vi.
that necessary for the Qa.H d.
difference"
The sun., 1918-12-19


Dav,s $4120O00
to date I85447400O 9729SOO0 lOS24OSOOO
OF
Rogue River courier. (Grants Pass, Or.) 19??-1918, 1918-11-17
CIVIL SERVICE WILL
MAKE EXAMINATIONS

The United States civil service
commission announces that examina-
tions for subinspector and junior
subinspector, air service. for both
men and women. will be held to fill
positions in various manufacturing
plants throughout the United States.
The salaries for subinspector range
from $4,000 to $500; for junior
subinspector, $3.50 to $1,000 per
annum.
The duties OF the positions require
examination OF all classes OF air
craft materials such as fabrics. leath-
er. gauges, glass, lumber, wood, rub
ber, metals and metal parts, record
ing and optical instruments. paints,
varnishes, chemicals, dope. internal
combustion engines, engine parts.
accessories and electrical equipment,
packing containers, hardware and
tools, and clothing and equipment.
For further information and ap-
plication blank, apply to the secre,
tary, United States Civil Service Dis
trict, 303 Post Office Building, Seat
tie, Wash, or the local secretary,
board OF civil service examiners,
postoffice building. this city.
Rogue River courier. (Grants Pass, Or.) 19??-1918, 1918-11-17
WHAT PENALTY?

Many are the letters pouring into
Offices OF city dailies, from persons
Of all walks of life, setting forth the
manner of death to be inflicted up
on William Hohenzollern.
Some would put the former kaiser
at hard labor for life; others would
burn him in oil or at the stake, and,
here are few other ways various
citizens would dispose Of him: A
fresh coat Of tar and feathers every
week; behead him; cut him to
pieces; any sort Of lingering
death; death is too good for him-let
him live in agony; hang him; cruci-
fy him; turn him over to the out
ragged women of France and Bel
GUM; solitary confinement; blow
him up with dynamite, ETC., etc.
Just think of it. and these peo-
pie Americans, too. But they cannot
be blamed for wanting to inflict tor
ture upon this man Hohenzollern-
this devil incarnate-yet, America
is civilized nation. For the al
lies to practice cruelty-even upon
our enemies-would not be enlight-
ening to us. These are military
times; the Hohenzollerns have al
ways been militarists, therefore
Rogue River courier. (Grants Pass, Or.) 19??-1918, 1918-11-17

ments. Each is worthy of such sup
port. and the landowners, who are
working to solve the irrigation ques-
tion, should be told. II am with
you. and will do all in my power to
aid you." Such support must neces-
sarily bring the desired result.
We are at the dawn of a new era,
and we must determine which way
we are to go-forward or backward
.as We cannot stand still.
Rogue River courier. (Grants Pass, Or.) 19??-1918, 1918-11-17
.I AM WITH You"


The necessity of irrigation is so
apparent that it seems hardly worth
space to discuss the matter, but the
subject is so vital to the economic
and social life OF the community that
no individual should lose sight OF
tin fact it should be the one sub
ject uppermost in the mind Of every
individual.
Three distinct irrigation PROPOSE
tions are under way each covering a
separate field, and we should all be
well informed as to their future.
The Gravity District Improvement
company, composed of landowners.
will construct a gravity ditch to COW
er the bottom lands west of the city,
approximately 5000 acres, and the
landowners expect to have the ditch
in operation for the 1919 irrigation
season. This is landowners propo-
sition pure and simple and the land
owners expect to do the work with
such financial assistance as has been
pledged.
The landowners under the north
side ditch are arranging to provide
water for their lands for the coming
season, and possibly extend the ditch
for a mile or so to take in addition
al acreage.
The landowners on the southside
of the river have organized dis
trict and propose to irrigate their
lands under the district plan.
All three plans are practicable
and feasible, and all will become
realities providing the proper sup
port is given to each Of the enter
prises.
The businessmen and citizens
generally of Grants Pass are as Wit
ally interested in providing irriga-
ton as the landowners themselves.
It is, therefore, to their interests,
both from business and a social
standpoint, to join hands with the
landowners and extend aid in every
way possible.
1t Is not question of whether we
ought to have irrigation, but rather
a proposition, eve must have irri-
gation," and with the proper cooper
alton between the citizens of Grants
Pass and the landowners the ques-
tion will be easily answered in the
affirmative.
1t is not always necessary to ex-
tend aid in the shape Of money or
other things of material value. Moral
aid and support will go many times
further in many instances and is the
best kind Of aid that can be offered,
and the citizens of this community
should individually and collectively
extend not only their moral aid, but,
wherever possible, their material
support, to these irrigation move
Rogue River courier. (Grants Pass, Or.) 19??-1918, 1918-11-17
NOTICE

I will be in Portland until Janu-
ary 1st, for the Johns Manville Co.
My office will be handled by Miss
Galbraith. who is both competent
and reliable. Any courtesies ex-
tended her will be appreciated by me.
l.. A. LAUNER,
l9 100 Church St.. Portland, Ore.
Rogue River courier. (Grants Pass, Or.) 19??-1918, 1918-11-17


Some soldiers and sailors are
dropping their war risk insurance
because relatives they named as
beneficiaries have failed to receive
insurance certificates from Washing
ton.
Such action is entirely unwar-
ranted and detrimental to the best
interests OF the fighting men and
their loved ones.
Because OF delay in receiving In
surance certificates. many soldiers
believe that they are paying for In
suranee protection which they are
not receiving. This Is incorrect.
Government insurance is effective re-
gardless OF the receipt OF insurance
certificate provided proper applica-
tion has been made and premiums
are being paid, The certificates is
no part of the contract of Insurance.;
It is merely evidence that the con-
tract exists.
Rogue River courier. (Grants Pass, Or.) 19??-1918, 1918-11-17

there is but one proper place to try
him. military court. We can all
guess the outcome.
Rogue River courier. (Grants Pass, Or.) 19??-1918, 1918-11-17
HOME SERVICE LEAGUE

(These articles are supplied by
the Josephine County Home Service
League.)
Rogue River courier. (Grants Pass, Or.) 19??-1918, 1918-11-17
p$<<%%%%$<<<%$<
OREGON WEATHER

4 Fair, colder in east portion; 4
\ gentle, southwesterly winds. 4
~<<<%<<<<<<<<<<<<<<
The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1918-10-23
Radford Normal Notes.

The Virginia Society for the
Study Of Education was organ.
lied in November, 1916, for the
careful study Of vital educa.
tional problems in Virginia.
The society does its work
through committees or commits
sions appointed to carry on in
designations and formulate their
reports regardless of the time
required. y large number of
committees are now investigat-
ing II number of interesting
topics. The reports of these
committees will be published
for free distribution. The mem,
berehip includes a large num-
Der of the leading educators Of
the state, The cooperation Of
all teachers and those interest.
ed in education is earnestly de-
sired. The officers since its
establishment in 1916, have
been DR.. j. p. Mcconnell, OF
the State Normal School at
Radford, President; Or. r, 4.
Kerlin, Professor of English in
Virginia Military Institute,
Secretary, and Prof. Joseph IL.
Saunders, of the Richmond
Schools, Treasurer.
The Appalachian School I'm
provement Foundation, with
The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1918-10-23

Il
headquarters at the Normal
School at Radford, has secured
tho services of a large number
of speakers, lecturers and en-
tertainers, whose services are
free to any community desiring
such service by the payment of
the actual travelling expenses of
the speaker. The list of men
and women in various fields
and forms of work in Virginia
Communities desiring q speak,
or, lecturer or entertainer, for
practically any kind of an &C.
casion are requested to write
Prof. w. y. Gilbert, East Rad
ford, Va.
The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1918-10-23

thirteen hundred cases of iniiu-
cnza in the st. Charles coal
fields and surrounding country.
Quite a number of the victims
have died. We get reports OF
someone dying almost every
day in that section. The State
Health authorities have come
to the aid of the stricken sec
ton, having dispatched some
six or eight doctors and ten
nurses to aid i'll the fight to stop
the spread of the epidemic and
give relief to those that already
have ii.
The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1918-10-23
Two Dies In One Family.

y very sad incident occurred
here last Thursday when Geo.
w. Mullins, a prominent citizen
of Big Stone Gap, and his
daughter, Miss Glessie, died
from an attack of pneumonia
following influenza. They had
been sick about ten days and
from the beginning of their i'll
ness their case appeared to be
very serious. Mr.. Mullins died
ut 3 o'clock Thursday evening
and his daughter passed away
two hours later.
Mr.. Mullins was forty four
years of age and had lived in
this section his entire life. He
was II mechanic of unusual
ability and had been employed
for years in the leading indust
ries around Big Stone Gap. He
was working as a mechanic at
the furnace when taken i'll.
Miss Glessie. who was twenty
years of age, was a student in
the local high school and Was
very adapt in her studies as
well as music. Her future was
full of promise and she was Il
kind and loving daughter and
her devotion to the family cir
Gle had no limit.
Funeral services were con
Quoted at the home by Rev. j NJ.
Smith aud concluded at the
grave. y delegation of Ma
sons, of which the decease was
a member, served as pail bear.
ers and both bodies were
laid to rest III the same grave
in Glencoe Cemetery Saturday
morning at 10 O'clock. The de-
ceased is survived 4 by wife and
two sons, Sidney, who is II stu
dent in the Army Training
Corps at the University of Vir-
ginia. and Malcolm, who is with
the u. S. Army in France. Sid
ney was called home several
days before the death of his
father and sister.