davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-02-01
Decrease i'm Gold
Output Disturbs
London Bankers
Government Subsidy to
Stimulate Mining Opera
tions Is Proposed

Concern is felt in financial circles in
London over the fact that the gold out
put of the va, 3us British gold mining
colonies is shcN ing steady decrease
In 1917 in the Rand district of South
Africa. the principal source Of .he
amounted to G58,323. .92l. decrease Of
11,161,013 compared with 1916. In
Rhodesia gold produced decreased
about io00,OO0 from 1916. In the Aus
traiian ard Indian fields there was
also a substa'n.ial diminution in out
put.
Recognition Of the need of fresh
supplies Of gold to broaden the basis
of credit has brought about the sug-
gestion in London that action should
be taken to check the falling production
of the metal, possibly through govern
ment subsidy Of the gold mines. "Thc
London Times" in discussing the stu
alton says
"The difficulty lies in the fact that
the price of gold is fixed. While tho
companies have to pa a great deal
more for the commodities they use,
they receive no corresponding increase
for the commodity which they produce.
Under normal conditions gold is the
basis of credit. and it viii be SO again
when peace returns Although we no
, longer use gold for domestic cx-
changes. the demand for it for the
settlement Of international balances
is greater than the supply. We own
the sources Of the larger proportion of
the worlds production, a fact which
has been OF inestimable benefit during
the war, but there is a danger of the
,, output Of the empire will still further
decrease owing to the shutting down
OF the lowgradc mines unless some
thing IS done 10 make il possible for
them to continue operations. Since
the need for gold is very urgent in
order TO broaden the basis on which
rests the enormous credit structure
which tho war has erected. there is a
+ growing conviction in circles conver-
SAINT with .hc position that it Is de-
sirabe that something should be done,
/ by a subsidy ~ otherwise, TO enable
/ the production of gold to be main
tanned at It's maximum level"
Scarcity OF labor and the difficulty
Of obtaining adequate supplies Of min
/ ing materials have hampered opera
tionis in all the gold fields and have
prevented .hc mines from being opcr-
atcd to full capacity. The increase in
costs particularly affects the low grade
mines By causing them to exclude from
treatment ore which is no longer capa-
/ bic of being .r,ate6 al a profit.
American gold mining interests have
/ been confronted With similar problems.
While the prc, of god has remained
unchanged. .hc price Of labor and ma
tcrals has SCARED. In some instances
low grade gold properties in this coun-
try and Canada have been compelled
to close down bco;4use they could not
produce gold at profit.
New-York tribune., 1918-02-01
Shares Display Strength
$14.29 a Share Earned
By the B. F. Goodrich Co

The B. f. Goodrich Company reported
yesterday net profits of S1O,425, 900
after deduction of taxes, including ST.
100000, the estimated allowance for in
come and excess profits taxes. This
compared with profits Of S990O,O00 in
1916 and $12,265,000 in 1915. After
allowing for dividends on the preferred
stock the balance available for the
S60OOO,0O0 of common stock was
equivalent TO s14.29 share, against
$1276 a share the preceding year.
New-York tribune., 1918-02-01
International Nickel Sets
S3.68O,741 Aside for Wax Tax

After establishing a war tax reserve
of S3,GsO,741. the International Nickel
Company earned net OF s79S7.967 n
the nine months ended December 81
last. compared with s1l.S49,924 in the
corresponding period of 1916. according
to a statement issued yesterday. Total
income OF the company amounted to
SIP, ,l2l, ,463, against Sl2,S44 $40 IN the
spondirg months OF 1916 After
allowing for the dividends on the pre-
ferred stock the balance available fo,
the 81 1874 900 OF common stock wa,
equal to S3.l0 share. against s. 81 a
share in the same period OF last year.
New-York tribune., 1918-02-01
Relevant Comment
Gas Dividend Maintained

Consolidated Gas stock sold from SIS
to 92la yesterday, closing with q net
gain Of 3ls points. Holders Of the
stock were relieved when the directors
declared the regular quarterly dividend
of 1&. per cent, thereby keeping the
issue on the per cent basis. Friends
of the management of Consolidated Gas
declare that had the demands Of cer-
tain minority interests for larger dlvi
dends been needed few years back it
would probably not have been possible
to maintain dividends at the present
rate. In his annual report President
Cortelyou told the stockholders that
the effect Of the war upon the cost of
producing and distributing gas and
electrical energy has already been very
disastrous and will be much greater
during the present year than it was IN
1917" At its present level the market
price Of Gas stock shows a recovery
of 1879 points from rnc low record Of
76la made on the December slump.
New-York tribune., 1918-02-01
Industrial Alcohol Declares
So Quarterly Dividend

Directors of tho United States Indus
trial Alcohol Company declared a divi-
dend of ST. share on the common stock
for the first quarter of the current
year 1t was announced after the meet
ing that tho dividend viii be paid from
the accumulated surplus as of Decem-
Der 81. The disbursement will be made
March 10, TO stock of record February
90.
New-York tribune., 1918-02-01
Corporation Returns
Savage Arms Corpnration-Jh

Savage Arms COrpOrati0n. n.-Ihe Saw
age Arms Corporation reports total
earnings of $l.SS7.o57 for the quarter
ended December 81. compared vita
SSA5.S29 Tor the prev Gus quarter The
balance available for dividends on the
common stock was SS07.579. which is
equal to S9.lA a share on $3.50 shares
OF common stock.
New-York tribune., 1918-02-01
New York

Expulsion Of K. II. Fiero ANNOUNCED.
The Stock Exchange yesterday for
mally announced the expulsion Of Ray
mond II. Ficro following the scttin :,
aside by the State Supreme Court Of
tic temporary injunction preventing
tho announcement Of the brokers' e%-
pulsion. F'iero still has suit pending
to force the exchange authorities to
relnstatc him as a member. iIc said
that this suit will be continued
New-York tribune., 1918-02-01
Elections

g. Housh has been elected a di-
rector Of the B. +. Goodrich Company,
and f. c. Van Clcaf was elected secre-
tary, succeeding Guy Norwood, recent
~ elected presidcn. of the Republic
Rubber Company.
New-York tribune., 1918-02-01
London Buys French Bills

Short-tcrm securities arc in active
demand in the LONDON money market
at the present time according to adj
wees from England Recently an issue
of $d0,000000 of French Treasury
bills was subscribed in the equivalent.
of one working dav. This particular
issue was put out on 81 per cent
basis, 4 reduction Of Y per cent from
the rate on the bills sold in that mar
kct year ago.
New-York tribune., 1918-02-01
News in Brief
Oreign

irish Securities Show Strength. =
LONDON. Jan. ol.-Thc usual light
trading prevailed on the Stock fx-
change to-day, with some irregularity
in home funds. varied by an improve
ment in Irish stocks based on political
hopes. Scandinavian and Russian bonds
we're hrmer on light purchases. Spec
ulativc mine and oil shares had good
tone, but rubbers were weak with the
lower price of the commodity Tin
shores were strong.
New-York tribune., 1918-02-01
The Foreign Exchange Market.

Foreign exchange brokers say that
their market, so far as the day to day
fluctuations Of rates are concerned has
been little affected by peace talk This
IS important and perhaps significant,
for it is generally Acknowledged that
the foreign exchange market is pc
culiarly sensitive to international de-
velopments. 1t is recalled in Wall
Street that for many months prior to
the war the foreign exchange market
was giving signs of impending develop
ments of farreaching Importance. but
no one then knew how to interpret
them: In the opinion of many experts,
the frst effect of peace on the foreign
exchanges would be drop in the rates
on neutral countries and a rise in rates
on the belligerents. But no permanent
readjustment could be effected inside of
many months; in fact, not until the
movement Of goods between the various
countries had become somewhere near
normal.
New-York tribune., 1918-02-01
G. O M " G &c @

Steel and Carnegie Pension Fund. In
all, 1888 former workers received pen
sions, the average Of which was $2l.10
month. The minimum paid per month
was $12 and the maximum $1OO. The
fund is derived from trust funds
amounting to Approximately $4,000
600, and was established by the Steel
Corporation and Andrew Carnegie.
New-York tribune., 1918-02-01

Bank to Change Name.-An order
has been signed hv Supreme Court
Judge Edward K. Finch authorizing
the Germania Bank of this city to
change its name on April Is to the
Commonwealth RanA
New-York tribune., 1918-02-01

COUPONS
Winslow, l-anier { CO.
So Cedar Street
NEW YORK

THE FOLLOWING COUPONS AMP
DIVIDENDS ARE PAYABLE AT OUE
BANKING; HOUSE DURING THE MONTH
OF FEEit AIRY. 1913.
FEBRUARY I. 1918.
Cleveland. Airon & Columbus Ry Co Cons. Mig -
Cleveland & Pittsburgh RR Go Geai NiSe DIR. ~
Marion County. Indiana. Bridge Ronds
Massillon & ClevelAnd n. II. Go quarterly dl'ioe
2qe.
Portsmouth. Ohio stcst Improvsraens bonoA \
Wheeling Terminal Gy Co lst Mtsa ~ n
New-York tribune., 1918-02-01

Paris Bourse. PARIS, Jan. 31.-
Trading was quiet on The Boursc to-
day. Three per cent rcntes. 81 francs
IS centimes for cash. Exchange on
London II francs Is ccntimes Five
per cont loan. IS francs 10 Continues.
New-York tribune., 1918-02-01

Commercial Paper.-This market dis
played a iirmer undcrtone, although
rates were unchanged at 5ls to 5a4 per
cent for the best regular maturitics.
Official rates Of discount for each Of
the twelve Federal districts arc as fol-
New-York tribune., 1918-02-01
L. S. Steel Workers. Pensions

Retired employees of the United
States Steel Corporation and it's sub
sldlary properties received $712.5O7 in
pensions last year according to the
annual report of the United States
New-York tribune., 1918-02-01

Below is given the current exchange
value of foreign money in dollars and
cents, together with the intrinsic gold
parity, as calculated by the United
States Mint:
New-York tribune., 1918-02-01
w tn MI ark IS and

compared with year ago, were as fol
lows:
Yesterday. Year ago
Call money y.......... 3a4%o 2oo
Time money (mixed colatcra):
Sixty days..... 524oo 2Ia@2s4%
Ninety days. 5349o 2a4%
-Four MONTHS. 5a4@60o 2a4@3%o
Five to six mos. 5a4D6oo 2s4@3%
New-York tribune., 1918-02-01

Bank Clearings.-The days bank
clcarings at New York and other cities
were:
Exchanges Balances.
New York -. $510,951 ,034 $48,385, ,756
Boston ...... 39,015,470 6,226,O17
Silver.-Bars in London, 4314d, un-
changed; New York, S6ts, unchanged;
Mexican dollars, 6S1ac, an advance of
nc.
Sub-Troasury.-New York banks lost
to the SubTreasury s2S1 900.
London Money Market.-LONDON,
Jan. 31.-Money was quoted at 31s per
cent. Discount rates: Short bills,
1872 per cent: three months bills.
1-16 per cent. Gold premium at Lis
bon, no.
Bank of England.-LONDON. Jan. 81.
The weekly statement Of the Bank Of
England showed decrease in gold
holdings of s3o7,734. The proportion
of reserve to liabilities now stands at
1887 per cent, against 1888 last week.
The statement, with the changes from
week apO fo1)ous.
New-York tribune., 1918-02-01

The above rates express the cost Of
foreign money in terms of the Amer-
can dollar. You buy an English pound
sterling at, say. s4.75l's. The intrinsic
parity is $4.S65s per pound. Thus you
say either that pounds are at discount
or that dollars are at premium, which
is owing to the fact that in England
the demand for dollars with which to
settle accounts in this country is great
err than the demand in this country for
pounds with which to settle accounts in
England
New-York tribune., 1918-02-01

Bank Of France--The weekly state
ment Of the Bank Of France, with
changes from the preceding week, fol-
lows (francs):
The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1918-11-23
President Joseph F. Smith
Continued From Page one)

impeuous and uncompromsing, and therefore look
ed upon as fanatic ntolerant of moderation and ire
concilable to opposition But with the coming OF age,
the assumption of authority the increase OF responsibility
and the consequent contact with his fellow men, came
broadening of vision and softenng of his nature which
paned for him recognition of those sterling qualities
for which he will be remembered longest and best.
Joseph F. Smith sincere and intense in whatever
he beeved he loyal and courageous under whatever
banner he marched whether churchman, parti-
SAN as an advocate of of peace business asso-
cate or as personl friend.
In later years he made many friends in every walk
of life every circle of society," in every cult cOngre
cation with which he came in contact He preacher
of the gospel he understood it, and an orator OF ex-
ceptional power and eloquence. He was leader upon
whom his people leaned because of the simplicity Of his
character and the frankness Of his disposition Against
his doctors orders he from bed during his fatal ill
to take his dying message to the general conference
Of the Norman people last month.
AS president Of the church and trusteentrust of its
many holdings and undertakings and because of the in
fuence of this position Joseph F. Smith identified
with many commercial concerns He was not regarded
by his closest friends business man. in the ordinary
understanding Of that term, but his integrity his inter-
est and his sympathy made him welcome and nfuen-
tial member Of every board on which he served
He will be mourned throughout the west and missed
nv all classes of citizens because after all is said and
done he was very much man. with the courage of his
convictions and sincere affection for his followers he
exhorted them to obey the laws to honor the flag to aid
and defend the government in the ustended and he
goes to his final rest covered with all the earthly
glory he sought that his people could bestow
Even those who differed radically from him in the
past have doubtless forgotten in the presence of DEATH
if had not already passed from their memories in closer
acquaintance through mutual interests and activities of
later years-Sat Lake Tribune.
The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1918-11-23
FURNISHES MACHINES 10
TEST EXPLOSIVES

Two impact machines for use in
testing high explosives have been
built and furnished to government
arsenals and institutions engaged In
Roads Of the United States Depart
ment OF Agriculture. Impact ma.
chimes Of this type are now In use in
practically all of the arsenals through
out the country. The bureau also
has been working at the request of
military authorities on device for
testing the power of explosives SO
that a record of their force and speed
may be obtained.
The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1918-11-23
CLUB BOY WITH THE
RIGHT SPIRIT

Ambition engendered by boys
clubs in the South does not stop at
crop growing or production. The
progressive spirit inculcated by the
the county agents and demonstrators
leads to higher aspirations, good
citizenship. and the desire for edu-
cation beyond that obtainable in the
elementary schools. An example Of
this commendable spirit comes to
the States Relation Service in a re-
cent field export from Alabama. One
Of my boys. writes the agent in Con-
ter. a town In Cherokee county, has
made 100 brooms from his corn. He
has sold 60 at 81 each and has 200
more to make. The proceeds he will
devote In his education along more
advanced lines.
The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1918-11-23

bers out in Colorado: and because
of their sympathy with and their lib
eral response to Red Cross appeals.
they have won national distinction
by giving one-tenth Of their earnings
to that orgaisation. Neither have
they overlooked the Food Admins
tration requirements. nor the Liber-
ty loan. war savings and thrift stamp
campaigns. In all of these activities
they are reported to have played q
commendable part.
The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1918-11-23
MONEY 10 LOAN-One hundred
and fifty thousand dollars on farm
and city property. II. A. Peterson
Z Co. q
"CAsCARETs" WORK
WHILE YOU SLEEP
For Sick Headache. Sour Stomach,
Sluggish Liver and Boweis-
Take Casearets tonight.

Furred Tongue, Bad Taste, Indiges
tion, Sallow Skin and Miserable Head
aches come from torpid liver and
clogged bowels, which cause your s,om.
oh to become filled with uadigcsted
food, which sours and ferments Ike gar.
bage in swiI barrel. That's tn frst
step to untold DISQUALIFICATION, i.al
gases, bad breath, yellow skin, mental
fears, everything that is horrible and
nauseating. A Cascaret tonight will
give your constipated bowels thorough
cleansing and straighten YOU out by
morning. They work while you sleep
a lO-cent box from your druggist wiz
keep yog feeling good for months.
The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1918-11-23
EMPLOYEES DEDICATE PAT
ENTs TO FREE USE

Thirty four Of the forty-nine ap-
plications to the United States pat
en- ONCE during the fiscal year 1918
for letters patient on inventions Of
employees OF the United States De-
pertinent OF Agriculture were grant.
ed and were dedicated to the free
use Of the government and the people
OF the United States.
The inventions described In these
applications and patents may be used
manufactured and sold by she gov
The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1918-11-23

made under the direction Of the home
demonstration agent. Fireless cook
ers were constructed at cost Of
$3.50 apiece. The housewives in the
clubs estimated that several hundred
dollars were saved In this way beside
theamount Of time. labor and fuel
consumed. Window displays In the
stores which exhibited homemade
cook stove fruit driers. besides fire
less cookers and iceless refrigerators
aroused much interest.
The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1918-11-23
FRANCE TO HAVE boys
AND GIRLS CLUBS

France Is considering the adoption
of Uncle Sans methods Of teaching
better farming and home making to
boys and girls. Representatives from
the French High, Commission lately
in this country. made q point of stu
dying carefully the methods Of the
Federal department Of Agriculture
and the State agricultural colleges in
conducting boys and girls clubs.
Much Of the information thus collect
ed has been widely reprinted by the
French press. accompanied by cdi-
torial comment expressing the view
that. the man and woman power Of
France having been depleted or dis
organized by war service. France for
sometime to come will be dependent
In largo part upon It's younger popu-
lation Tor Its food supply and sug-
costing the formation in France Of
nation wide system Of boys and
girls clubs patterned ON those In Am
erica. 1t is expected that these clubs
will grow staple products--garden
produce. wool. farm grain and for
age crops. poultry and farm animals
on farms not devastated, the very
soil Of which must first Of all be put
in condition. They will stimulate
production by the young people Of
France through organized contests
not only in farming but in home en-.
terprises such as bread making. cook
ing and home management.
The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1918-11-23
WAR CHEST FUNDS TO
TEACH HOMESIAKING

Salem, Mass. has given $1,000
from its war chest to use for work In
home economics In that section. This
work In Salem will be largely under
the direction Of the urban home
demonstration agent.
The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1918-11-23
BOYS AND GIRLS CLUBS
PRACTICE TITHING

They are givers as well as work
ers, those boys and girls club mem
The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1918-11-23

We are thankful that we have won the war and
that you will want car We are thankful that we re-
present the Hudson SuperSx the worlds record break
ing car and that State distributors for the
Grant-Six A car load of the improved Grants
the way and they charming We also repre-
sent the improved Maxwell the most beautiful and
up-to-date little car on the market.
We have just secured the agency for the famous
Nash Automobiles and Trucks also the Bates Steel Mule
Tractor which today is pulling three IA inch plows and
breaking ucern land in the north fields of Logan Call
and and will direct you to the place where you
can see Maud, the wonderful mule. We thankful
that we represent the Sivertown Cord and Diamond
Tires and many other things which please the public.
Remember the service and the assistance that
are giving customers and what it means to have
home for your car, your truck, or tractor.
Logan Garage & Supply Co.
North Main, Logan, Utah. c. M. Harris, Mgr.
The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1918-11-23
What The Department
OF Agricultural Is Doing

eminent and the people Of the Unit
ed States without the payment OF
royalty or other fees to tho inven-
tors or patentees. The farmers and
the general public are given informa.
ton concerning these inventions by
means OF departmental publications
in the form of bulletins and circul-
ars or other publicity. These publ
cations usually contain. in addition
to description Of the invention and
its operation. illustrations and COM
ments on their advantages.
AGENT AIDS ARMY GARDENING
The county agent In Buona Vista
N. Mex. has assisted army officials In
procuring fresh vegetables to supply
Camp Cody. The conservation and
reclamation officers In charge OF the
work finally determined to purchase
100 acres Of land within the camp
grounds SO that the camp would not
be dependent on outside sources. OF
this ground. 1874 acres Is devoted to
vegetable production. The country
agent has met a number of times
with the camp officials to talk over
gardening methods.
New-York tribune., 1918-12-09
Holland Misunderstands

1t is reported from Amsterdam that
the Netherlands government will offer
to intern the ex-Kaiser for life on some
Dutch East Indian or West Indian island.
If this report is true, Holland entirely
misunderstands the attitude of the Allies
toward the fugitive she is now shelter
ing.
The precedent of Napoleon's exile to
Elba and then to St. Helena does not in
terest the Allies. They do not regard
William II as a dangerous political pris-
oner. Napoleon was a poor statesman,
but he was a military genius William II
has no talents either as a statesman or
a military leader. He can do the world
no harm. He has been completely ex-
posed as a pitiable incompetent
The Allied powers do not want to see
him immured as a matter Of military
precaution. They have no dread of a
HohenZollern restoration in Germany.
They want to see him receive his deserts
as a criminal
The submarine war which he authorized
as commander in chief of the German
navy was species Of piracy. 1t defed
international laws governing warfare on
the seas. The acts for which William II
was responsible are triable in the admi-
ralty courts of any nation which secures
possession of his person. Holland could
try him, for he committed piracy against
Dutch merchant ships and their crews
and passengers. If she doesn't want to
proceed against him, she is legally and
morally bound to surrender him to any
other nation which wishes to call him to
account. A pirate has no right Of asy-
lum. He has put himself beyond the pale
OF local law as we'll as international law
He is a universal outcast.
The government Of Holland has been
badly advised in harboring the ex-Kaiser
and coddling him as a political refugee
1t has also been badly advised in per
mitting the movement through Dutch
territory of German troops retiring from
Belgium. The obligations of neutrality
were not suspended when the ar7nistice
between Germany and the Allies was
signed
Neutral nations as well as enemy ma
tions have an account to settle with the
German rulers who authorized the U-boat
infanies- Holland can only injure her
self by attempting to stand in the way
Of such a settlement