davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-03-27
A Breathing Spell
here is at least time to breathe.

There is at least time to breathe.
For the moment the situation on the
Allied battlefront in Pjicardy seems more
reassuring The British have suffered
serious defeat, but it is not yet disaster.
The German gains of yesterday are such
as might have been expected. linden
hurg's advance is more and more taking
the form of a salient, which means that
the power of his thrust is narrowing
into an apex. 1t is true that this apex
points into the gap between Roye and
Noyon, but rupture in the Allied front
must be made on a front of twenty-five
miles at the very least to permit the pas
sage of that cataract of Germans which
alone might make Hindenburg the con-
queror.
Whether or not Haig can root himself
on the so-called Albert line which, in
part, he now occupies remains to be seen.
He must do so to save Amiens. But the
German momentum has not yet entirely
expended itself, and Hindenburg, having
imposed on himself the imperative of
time, we must look for an almost i'm
AS to the French withdrawal in the
Noyon salient we need not be concerned
They were not violently thrust backward
as the British were, but undertook to re-
tire from the moment they went into po-
sition, exacting what usury they could
from the painting ranks of the enemy,
and slowly mounting the heights of the
Disc. From all appearances Petain's
local reserves-for they are only such
are not yet hard pressed.
The most hopeful element in the entire
situation springs from two sentences in
Field Marshal Haig's first report of yes
terday. "He (the enemy has been
obliged to reinforce his lines from all
parts of the Western theatre. Over
seventy hostile divisions are known to
be engaged" If this be true-and the
British are not given to boasting in their
official Standardization Hindenburg wo-
fully underestimated the man power
necessary for a successful attack. AL
lowing $4,000 men of all arms to Ger
man division, 10000 German soldiers
have been thrown into the maelstrcm,
have failed to break the Allied line, and,
as far as their fighting organization
goes, have been destroyed. 1t is not
necessary to know the actual German
losses, which, no doubt, have been great
ly overestimated by the correspondents
A division becomes useless on the fight
ing line when 20 per cent of it's electives
are out of commission.
The best information available only
shows 2,418,0O0 Germans on the entire
Western front, with little more than g.
100000 Of them fit for attacking. If
this information is correct, and it comes
from an authentic source, it reveals
not only the urgent necessity of the
gigantic offensive in Picardy and an i'm
mediate military decision, but the po-
tentialities Of disaster in the relative
failure of the numbers already engaged
and used up.
How many more men can Hindenburg
gamble with? On that depends the de-
clsion of the world battle now raging.
New-York tribune., 1918-03-27
Give "Non-Huskies' a Chance

To the Editor of The Tribune
Sir: In your issue of March 2S there %
pears an editorial, "Army Slackers a.s .s
Others" AS rule most everything ~
say | quite agrec'with, but this is one w.
that | cannot. The greater part OF thi' ..t -
ticle is true, but there is one part 'h''
must take exception to. a.,
You say: But in the case OF "
Quartermaster's department, the pay CUR '.,.
and intelligence department, and serss,
of that sort, men under thirty-one ous.,
to be automatically excluded" You then
on to say there are plenty of men pew,
draft age who are willing to take '"'s
positions.
Quite true. say that men under 'h'n =.
one, who are physically fit, should not ~, u
allowed in these branches of service -.
there are also plenty of men under ta''x
one who are willing to take these pVs,
tions, i e., there are thousands OF yos.s
men that want to do their bit but caha.. :.
on account of some physical defec~ ,s.
don't you think they should have h, ~
chance? WILLIAM A. ,kETtS's 4
Brooklyn, March 25, 1918. -
New-York tribune., 1918-03-27
Governor Strong's MESSAGE

We hope that most of our readers and
every banker in New York and elsewhere,
will read in full the admirable message
from Governor Strong, part of which we
reprint on this page. 1t is carefully
reasoned and highly salutary paper.
1t is the more welcome because last
fall, at the beginning of the Second Lib
erty Loan campaign, Governor Strong
gave out a statement which seemed to
align him with the Shelton Williamses
and their like, who think that the war
can be paid for by printing money, Or,
what is exactly the equivalent, expand
ing bank credits. AS he is the head of
the New York Federal Reserve Bank,
this seemed to give great weight to the
inflationst idea. Governor Strong has
redeemed himself admirably. He says
unequivocally now that
unnecessary consumption must be re-
duced or stopped, else this bidding of in
dlvldual against government will advance
prices of labor and materials to pro-
hlbitive levels Expansion in bank loans
and deposits and imitation of currency is
sues VIII be necessary accompaniment
and the whole economic structure will be
undermined. This is economic exhaus
ton"
This is straight thinking and strictly
in line with the fine "call for thrift"
which Secretary McAdoo issued two
weeks ago, and was printed in full in
The Tribune at the time.
Here is no fatuous belief that we can
create billions Of new credit-that is,
add billions to the nominal buying power
OF the country-and not send prices soar
ing to the skies, just as they have
scared; double or more the cost of the
war and load the nation with billions Of
needless and oppressive debt. Governor
Strong says explicitly that we must. Of
course, to an extent, mortgage our
labors OF the future to meet the demands
of the war" But,
with the mortgage kept at the small.
est possible amount, we may confidently
expect that greater efficiency of labor. a
lower price level and stronger bank re-
serves than other nations will allow nc
to emerge from the war weakened. to ba
sure, put not exhausted, and stronrer
than most Others"
Since the war began we have had no
clearer paper on war finance. We
warmly commend it to the attention of
the Federal Reserve Board and tho
other governors of that system of which
Mr. Strong's bank is part. Into their
hands is now very largely committed the
credit structure of the nation: very
largely on their actions will it's sound
ness depend.
1t is theirs to open wide the food
gates Of limitless credit and imitation r.
is theirs to warn the nation. to warn
congress, to warn the Treasury. of the
consequences of such reckless and
ruinous policy; theirs to preach thrift
and economy and credit restraint. in or-
der that, as Governor Strong saws. "th,
mortgage on our labors of the future
may be kept at the smallest possible
amount"
New-York tribune., 1918-03-27

TN GENERAL it may be said that after
the government has borrowed all the
uninvested fund of savings, further
loans must rest upon bank expansion else
borrowing must stop The conclusion is OBJ
vious that increased savings mean CORE
spending curtaiIment of expansion,
sounder loaning and financial condition for
the nation and even more important in the
long future, habits of individual thrift.
But what is the relation between thrift
and loans, and how may thrift be prac
tised without imposing great losses upon
merchants and manufacturers who would
both pay taxes and buy bonds if they were
prospering under the influence of the illu-
sve slogan, "Business as usual"?
In time of peace the production Of ma
ton is, roughly, equal to its consumption,
plus what it uses in its foreign trade.
When war comes production must be in
creased to meet the appalling wastage of
war, and if the war is extensive and long,
the amount of labor required for produc-
tion of both peace time consumption and
war consumption is insufficient and is soon
reduced by withdrawal of men for war max
ing.
The demand Of those who want consump-
tion as usual meaning "business as usual"
is the natural conflict of peace conditions
with war conditions; in other words, COM
petition Of the individual consumer in the
markets for labor and material with the
government which needs labor and material
The "aoeolth" of the nation will not
TroUe sufficient to meet the demands of
both. The time soon arrives when unneces-
sary consumption must be reduced or stopped,
else this bidding Of individual against gov
ernmcnt will advance prices of labor and
materials to prohibitive levels. Expansion
in bank loans and deposits and imitation of
currency issues will be necessary accom-
paniment, and the whole economic structure
will be undermined. This is Economic cx-
haustion'
New-York tribune., 1918-03-27
Advantage of Curtailed Credit

Those from whom credit was SO with
held would be restrained from the employ
ment of labor and materials, many would
liquidate some part of their inventories
and not replace them, SO also saving labor
and material, and, equally important, the
lessened use Of credit would reduce loans
and deposits, increase the ratio of bank
reserves reduce interest rates and facili-
tate the governments financial programme
A cautious but deliberate and vo!un-
tary policy along these lines would be
safer. more equitable and probably as
effective as the only alternative, which
is a higher rate Of interest," along with
higher prices for everything. The natural
check to expansion in time of peace is the
prohibtive interest rate, combined with
overproduction induced by rising prices.
In war times the operation of this law
proves embarrassing because of the ex-
cessive rates which the government must
pay for loans and the corresponding
snrinkage in security values sold in con-
nectiQn with government bonds. Other
serious dangers accompany the elevation
OF prices and interest rates. In a long
war 1t may seem to become an endless
race with the dog chasing his tail in a
circle
These problems must not only be faced
courageously, but dealt with inteligently.
The fathers of young men who are serv-
ing their country in the army and navy
are proud of the sacrifices they make
Too often, however, when the sacrifice ap-
s ~ the oltar of business, where we
have so long worshipped false values, we
shrink and protest.
Some, unfortunately, must sacrifice their
sons, others some part of their business
prosperity and still others may face the
orIo al Of
one of the awful consequences of war. Let
US devote ourselves to avoiding an un-
necessary sacrifice of both boys and busi-
ness by ordering our affairs so that VIC
are not consuming the supplies at home
which our armies need at the front.
New-York tribune., 1918-03-27
Back to Noyon

lhey are still at NOyOn. That
phrase crystallized for couple of years
the impatience of the French critics Of
Marshal Joffre's nibbling policy. Noyon
was the chief town near the tip of that
salient-the Noyon salient-which car
ried the German line in France closest
to Paris.
So this phrase came to reflect the in
tense longing Of the French people to
break the long trench deadlock and to re-
cover at least part of their soil from
the Boche invader. Part Of the occupied
territory was redeemed year ago when
Hindenburg withdrew from it, leaving it
desert. Now the Germans are back at
Noyon, the capture of which marks the
greatest progress the present offensive
has made toward a restoration of the line
Of deadlock existing before the Allied at
tacks of 1916 ate into Hindenburg's po-
sitions and forced him to make a stra-
tegic retreat.
Possibly we shall shortly see the new
tide of attack breasting the defensive
line established by the Germans in this
part of France after the retreat from the
Marne and the Battle of the Aisne. But
under present conditions that would not
be in a military sense matter of great
moment. For the present German OBJ
jective is not a point on the map or even
a coveted strategic line. Hindenburg's
object is to destroy the Allied armies,
just as it was Grants object in 1864 and
1865 to destroy the armies of the Con-
federacy Similarly it is the ultimate OBJ
ject of the Allies in France to defeat the
German armies. The retention Of posi-
tions which may cover Paris or Amiens
or the Channel ports is only a secondary
object.
Joffre's retreat from the Belgian from
tier to the Marne was the most daring and
brilliant operation of the war 1t was also
the most successful. But if comparison
is made between the condition of the two
opposing groups of armies then and their
condition now the advantage is all on
the side of the Allies. German superior
lty in numbers and artillery was enor-
nous in August and September, 1914.
There is no German superiority in num-
bers now and only comparatively slight
superiority in guns.
Germany is fighting to-day with linn
tied supply of frst-class soldiers. Her
armies are moving across a devastated
region. They are approaching hostile
positions which they made no effort to
break for more than two years. Though
Noyon was the point in their line nearest
to Paris, they chose in 1916 to strike at
Verdun, far away to the east, near their
own border. The decision they now seek
is one which they declined to seek when
German power was at its apex.
At Noyon and on the old Somme front
they are therefore less of menace to
Paris and to the French and British
armies than they were in the Verdun
period. They could not stay in the Noyon
salient year ago. Can they stay in it
now if the Allies develop the counter
offensive of which they are capable?
New-York tribune., 1918-03-27
War Finance Without Initiation
By BENJAMIN STRONG
Governor, Federal Reserve Bank of New York
(From The North American Revieav)


not enable the "wealth" of the nation to
meet the demands of war. Then, indeed,
must we accept carefully safeguarded
plan Of expansion to make up the balance.
Our people must to that extent mortgage
their future wealth." the product of their
future labor applied to our resources, and
do it cheerfully. That mortgage on our
labors of the future will largely be the
loans, both those made by our govern
ment and those made by individuals to,
enable them to pay taxes and to buy bonds
of the government
With the mortgage kept at the smallest
possible amount, we may confidently
pect that greater efficiency of labor,
lower price level and stronger bank re-
serves than other nations will allow us
to emerge from the war weakened, to
be sure, but not exhausted and stronger
than most others.
If the bankers Of the country were able
to curtai unnecessary and wasteful bor-
rowings by their customers-loans the
proceeds of which are used to build or i'm
prove homes, extend plants and businesses
pertaining solely to luxury, build places
of amusement and for many other pur-
poses which l purposely refrain from
cnumeratng-all Of these bankers would
have surplus credit to employ in loans to
the government or industries vital to it's
war needs
New-York tribune., 1918-03-27
If Government Were Perfect

III the science of government were so ne,-
fected that this ideal transformation cnnld
be brought about, the following conse-
quences might be assumed:
First: The consumption of raw ma
terlals would be limited to the manu-
facture of personal necessities and war
materials.
Second: The product of labor wou,d
provide IN part wholly the net in
creased consumption of goods c,usad
by war
Third: There would be little If ar,
shortage of labor, for it would not oniv
be more effective, but women would ro-
place men drafted into the army and
navy. Gnu
Fourth: Advancing prices wonld Iva
checked, both for labor and materials
Fifth: Credit required for production
and distribution of luxures and tn
finance waste would be saved for tbe
governments needs.
Sixth: The "wcalth' Of the nation
destroyed in war, would more lorgcl,'
be furnished out Of economies proc.
tised.
Seventh: The government would mad
to borrow less, as its supplies would
cost less, and would pay less interest
because the supply Of credit would not
be burdcncd with the load of "business
usual"
1t IL claimed, MS may be true enough
Lhat even so visionary programme would
New-York tribune., 1918-03-27
The Problem of Readiustment

Inc changes and adjustments forced upon
US by war cannot all be brought about at
once. Just now, with general economy the
theme OF every lecture, we hear many cries
of protest. each indicating in turn "whosc
OK is being gored." If every change ulti-
matoly necessary were instantly accom-
plished no harm would result to any one;
possibly some personal discomfort due to
sclf-denial would be felt, but labor would
find new kinds of employment, manufacture
crs new kinds of production, traders new
articles of trade and banks new Customers
We're only a few readjustments made at
once and others allowed to wait our plight
would resemble that of an excursion boat
whose passengers all rushed at once to one
rail. 1t might capsize.
OF course, no ideal rcadjustment is pos
sible in its entirety and in detail Some in
juries will occur, losses will be sustained.
the balance of employment and supply of
labor will not be exactly preserved Only
when we take national rather than a per
sonal view of the matter do we see that our
problem is both to win military war
which, ii lost may mean our destruction.
and to conduct an economic war, which. if
lost, might we'll cost us as dearly as the
loss Of the military war. For to preserve.
our economic strength, which is fundamen
tally the o61lty to produce goods and
finance their production and distribution
cheaply in the worlds competitive markets,
including our own. will give us the COM
forts of a future free of so heavy war
mortgage that we can at once go about our
business without the usual postwar pros
traton.
Failure to readjust to bring about
curtallment of unnecessary consumption bv
individuals, and thereby set free goods and
labor Tor war consumption by the govern
meht means that we must conduct the war
by the employment of goods and labor at
constantly increasing prices. That makes
war more costly, makes the burden of tax,-
ton heavier and the total of the ooverr-
mcnts borrowings greater.
New-York tribune., 1918-03-27
GUARANTEE

You can purchase merchandise advertised In THE
TRIBUNE with absolute safeyfor II dissatisfaction re-
suits any THE TRIBUNE guarantees 10 your
back request. No red tape. No uulbhl.n9.
We make good promptly II the advertiser does not.
New-York tribune., 1918-03-27

The Associated Press Is exclusively entitled to the use
OF all dispatches credited to 1t or
no- othcr,vs credited paper and also tho local
news Of spontaneous origin published herein.
All rights republication OF all other matter herein
are also
New-York tribune., 1918-03-27
With the Enemy
The New York Tribune
Foreign Press Rurenu

0'c1y'V TISS BNfelN
HERMAN newspapers are giving
r great deal Of space to discuss;no
the possibilities Of Disagreement
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-03-08
BOOK Of JOB STAGED
FOR BROADWAY FOLK
garded Fitting eFature of
Lenten season.

New York. March The Book Of
Job was brought to Broadway this
afternoon as hitting feature of the
Lenten season and was received Ia
reverentisl way. No curtain calls
marked the end Of the two-hour per-
Torrance. the impression of the morsl
or the play being left undlsturbed
The success of the production bassc
on the King James version OF the
Bible with few minor changes in
the words of the characters WAS due
principally to the manner in which
the actors performed their parts.
George Gaul, representing the uufor-
tunate but ultimately triumphant JOE
Gripped the auditors. mRnv or whom
were church people
Davis iBsham's deep voice ca me "oni
az the whirlwiud with thunder" real.
isticauy the simple scenic effect lend
ing great effect TO the climax chs
prologue end epllnEue we're spoken
by TWO angels In inches at either side
of the stage.
The production, novelty to broad
way, WAS produced by stuart Walker
who considers the Book of JOB ths
greatest dramatic poem in literature
IT deals" he said. with the most
universal OF toplcs--the mystery Of
suffering with its great hnal message
of patience and faith and triumph
a message timely to All in these times
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-03-08
John C. Duane

ANhn c. Duane q prominent citizen
Of plnwiddIe county. died suddenly
at his home near McKenney on We'd
nesday, February ~ Mr. Duane was
horn July II. lS45 In Brunswick coun-
~, whore he received his education.
He served with the Confederate army
the last twenty months Of the war. be.
Ing with remnant of the army which
surrendered ar Appomattox court .
house Al tho close Of the war he
entNred Ross Hill Male academy
from which sc was gradual in
1863 He then opened private
school IN Dinviddie COUNTY. which he
taught until the public schol system
was adopted. lie then accepted a
position teach 'hR one OF the frs,
schools. and until his death held this
position, with the exception OF the
TWO terms he represented D!nwld1 die
Brunswick and Greenv!lle Counties IN
our state senate. He was chairman
of the board OF supervisors. and as
sistant superintendent OF schools OF
Dinwiddie
Mr. Duane was q Christian and A
devout member OF the Cutbanks Rnp
list church, OF which he was a deacon
for many year prior to his death. He
was loved and esteemed by a vas
circle of friends In his own county as
well as adjoining counties.
He n survived by two daughters.
Mrs. Minnie Duane Web, OF ri h
mond; Mrs. Mamie Duane Wiagauld
OF Lynchburg; three sons. j. c. and
w t. Duane. OF Jacksonville Fla. and
L. n. Duane. of Meridian. Miss: two
brothers. r. r. Duane. Of Eunswink
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-03-08

Washington. March THE orgy
OF extravaganza" now INDUCED in by
the United States government was
dashed today in the senate by Senator
Harding, of Ohio
Il want to bring a halt" he said,
'the idea that this struggle for the
republic ia a riot for gold.
Take the census OF every Pullman
car coming to Washington. Three our
Of four men are talking abont money
Well. they're not talking about 1t
when they go away if they have been
living in Washington hotels" was a
diversion by Senator Thomas. Of Cole
RADIO.
Men who have not even bought a
hammer want TO buy ships" continued
Senator Harding They want the
government to build their plants, fu'
nish all material, pay the workme0
and then give a commission.
The secretary OF the treasury ants
to take over the German line piers
We have them now, so why spend I'M
necessary millions while wa strain 70
get money for the actual war
IT'S no secret. The Germans know
II our ships take sevent days e g0
thirty five days. We are not gettin q
the efficiency.
The postmaster general who does
not know one-tenth as much about
the telephone business as ! do. wagts
TO bu the telephones.
This is the richest nation in the
world and the last TO enter the war.
But we are harassed nowat meet our
obligations, while our allies with but
10 per cent Of our resources are not
With little cooperation between this
executive and legislative branch es OF
the government we might accomplish
something il the way Of saying in
stead OF seeing how much we car
spend.
Senator Harding declsred that nc
man should place his political ambi-
lions above his duty at this time
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-03-08
TELL WHAT He HAS
TO Be HAPPY AT 68
Champ Clark Says Good wife, Good
Children and BOY I'm Army Makes
Him Thankful

Washington, March "A mann In
his slxty-eighth year has everything
to be happy for II he has.
A good wife. good children and a
boy In the army"
This was the statement today OF
Champ Clark, speaker Of the house
responding to tributes paid to him In
the lower branch OF congress on the
occasion Of his birthday anniversary.
Also 10 he thankful. said the speak
Ell, was the fact that his grandson,
thirteen months old, resembled him
in looks.
A. Clark took his place on ;he
raised speakers platform, Bepresen-
tative Cannon. OF Illinois, called the
attention Of the house TO the fact Of
the birthday. Members arose clap
ping their hands In applause, The
demonstration lasted several minutes,