davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-05-26
New York

cation has been made to have the prop
erty of the Federal Dyestuff and
Chemical Company sold under fore
closure, and it is expected that Judge
Sanford, of the United States Dis
trict Court of Tennessee, will sign the
decree within day or two. If the de-
cree is signed, it Is expected that the
property will be sold within four or
five weeks. A reorganization plan is
being formulated by the Krech note
holders committee, and this body will
probably bid in the property.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-05-26

ming thing is the product Of human
labor. And every bit Of human labor
that goes into the production of nom
essentials takes away that much active
force that could be used for war pur-
poses. The government must have
steel, copper, timber and chemicals for
the building Of ships and the cargoes
to fill these ships for our men over
seas. If those Of us at home spend
things for our own private use we are
competing with the government, de-
pleting the country's scanty supply,
forcing up prices and damming the
flow of war materials to Europe. Wher-
ever possible we must save materials
and labor for the government, and all
OF us must work as earnestly as we
know how to speed up the production
of things for the war
This means, in the last analysis, q
radical change in business in this coun-
IL means not only greatly increased
volume of business, but business of
the kind thai is essential to the ending
OF the war-to the ending Of it in such
way that we may resume business as
usual at an earlier date than would be
possible If we attempted now to con-
duct business rs usual
The experience Of England should
teach us this lesson. At the outset of
the war England thought it possible
to ride to victory on the slogan of
business as usual" 1t took some time
for the absurdity of this to sink into
the consciousness of the people. But
now the business of England is war,
just as it must and will be the bust
ness Of this country. The entire. ener-
gleS Of the Britisher arc directad frat
Of all to the production of those
things necessary for the war Supply
ing even necessities for the people is
secondary consideration. And the
result Of all this activity of the efforts
Of every one to be of service is that
England was never buster, wages were
never so high. the general scale Of
living never SO good. The sales Ct
the large and small stores are greater
than ever before, but the buying is
along lines of economy that would not
have been possible before the mass Of
people learned the real meaning Of
business and war.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-05-26

many years-when there was so lit
tie short selling of cotton as there
is to-day. Nevertheless, propaganda
of this sort should not be allowed
to pass unchallenged, and we be-
lieve that, as Commerce and FL
nance" suggests, the Cotton Elk
change should take measures to
combat it.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-05-26
Relevant Comment
No Appeal From Aetna Decision

No appeal is expected to be taken
from the decision Of the U. S. Circuit
Court of Appeals in the Aetna Elk
plosives case in view of negotiations
now going forward, looking to settle
ment of the differences between the
preferred and common stockholders
over the reorganization plan proposed
by the Seligman banking interests.
1t was learned yesterday that recent
conferences have been held between
the opposing factions with view to
arriving at an agreement. An interest
ing development in the situation is
the reported purchase of large block
of common stock from an interest who
fought the readjustment proceedings.
Government Steel Allocated
Nearly one-half the 100000 tons of
steel required for building Government
cars has already been allocated, steel
men said yesterday. This construction
work is said to call for approximately
$4,000 tons of bars, plates and shapes,
100000 bolts, 1000 tons Of rivets and
$4,000 kegs of wire nails. The bars,
plates and shapes are being distributed
through the American Iron & Steel
Institute, but some of the accessory
supplies are purchased directly by car
builders. OF the $4,000 tons of, plates
required 1t is estimated that one-half
the tonnage will be rolled by the Steel
Corporation.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-05-26
A Warning

Wise people will now get what coal
they can as quickly as they can. They
will also make the necessary changes
in their homes and their plants to
burn the particular grade of fuel that
is to be allotted for their needs. Don't
be deceived into a sense Of security
by present summer breezes.-FloNd
w. Parsons.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-05-26
Stock and Bond Averages
Elections

Howard Bruce has been elected
director Of the Federal Reserve Bank
of Richmond succeeding Mr.. Gouvern-
eur, resigned.
Athur C. Needles, vice-president Of
the Norfolk & Western Railway Com
pany, has been appointed Federal
manager for the company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-05-26
Demand for Farm Loan Bonds

The Federal Land Bank S per cent
farm loan bonds offered last week by
group Of investment houses, in con-
junction with the Federal Land banks.
met with favorable reception on the
part Of investors. The investment
group alone yesterday reported sales
Of approximately $3S,O00,000. This
group has in its membership repre-
sentative banks and investment dealers
all over the country and is headed by
Alexander Brown & Co., of Baltimore;
Harris, Forbes 4 Co., Brown Brothers
q Co.. Lee, Higginson & Co. and the
National City Company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-05-26
News Digest
Foreign

Paris Bourse Quiet.-PAR1s, May %.
The Bourse was quiet to-day. Three
per cent rentes sold at so francs
for cash. Exchange on London was 81
francs 1914 confines. The per cent
loan was quoted at 81 francs 80 CEN
times.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-05-26
Calling in Silver Certificates

Following the action Of the Federal
Reserve Bank Of Philadelphia the local
Federal Reserve Bank has sent out
to the member banks in the New York
district request that all silver certi-
ficates Of S. denomination and upwards
be turned in as quickly as possible.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-05-26
Lire at New Low

Exchange on Italy fell to the equiva-
lent OF 9l2 lire to the dollar yester-
day. This was new low record. Nor
mally 5.181s lire equal an American
dollar. The value of the Ira under
normal conditions is 1913 cents. At
the present rate it has an exchange
value of 10.9 cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-05-26
Money Alone
Cannot Win War

"Some men in manufacturing and
trade have been fearful that this vitality
necessary reduction in the home con-
sumption of goods is going to hurt
their business. They have an idea that
the government can be financed only
by the profits of their business, but
they overlook the fundamental fact
that the need of the government is not
mere money. A war cannot be won with
money alone. The vital victory-win-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-05-26
HelpF manceWar
By Eschewiing the
Julius Rosenwald Urges Ma
ton to Buy Only Things
Actually Needed
Saving Is Imperative
Merchant Says Luxuries
Should Be Put Aside to Aid
in Mobilizing Resources

WASHINGTON, May 25.-Julius Ros-
enwald in a statement issued here to-
day calls upon the American people
to eschew non-essentials until the war
ends. By buying the thing one does
not need, one prolongs the conflict and
adds to the tremendous sacrifice Of
life and property" he declares.
"The way for an individual, for a
business, for nation to get along is
to work and save" Mr.. Rosenwald
says. Saving is a great virtue Of all
countries that have grown to ccm-
mercial greatness in the world. If
saving is necessary in normal times,
how much more necessary is 1t in q
time like the present, when the fnan-
cial demands on individuals, business
and the nation are far beyond anything
our country has ever experienced!
Saving by every one is as imperative
for the winning of this war as is the
mobilizing Of armies; more than that,
the mobilzing' of armies is entirely
futile if this military step is not ac-
companied by the rigorous, commons
sense saving Of the nation, for without
saving the marshalled hosts cannot
be equipped, cannot be fed, cannot be
carried overseas and cannot be put in
to the fight.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-05-26
Federal Reserve Banks
RESOURCES

RESOURCES
May24 May17
Gold coin certificate. n vsnlt sAzx aso NM
Gold settlement fund e. Board) 407767000 41ooo
Sod with foreign agencies 52,500,00O o2ooV"oe
rot. .od ,,. l., ,n. sq3a 7o7 ooo ss5o3ee ooo
Gold s9155ao ooe
Gold redemption 2SoVHooe
gold reserves sseso23ooo s1894o4 oot
Legal tender notes silver etc . s58033 900 583osO9
Total $1e56o56ooo $780,
n,, sooa 900 mn ss42,265oof
Bills discounted members 27os8eoo
Dought
rot., ,u, 49, ,, s12o $4,000 s1,122,151 oot
United States lono secut.. s42oe7ooo
United States short securities 3476000 /oo4eoo
All other 1,151,000 1492O0
rots, e,rn,r. ...e+. s1277 214ooo s12a7727oot
Due from Federal Reserve $14033OoO
Uncoleced ems 365440O00 38439VW
Total deductions from gross sa5 600
Reserve Bank notes . . $4,000 $4,000
other resources OBSERVATION-DISCLOSURES. $4,000 1900
Total $685. 100000 $357a555ooc
LIABILITIES
CAPITAL maid IN - $4,000 s7535ooc
Surnus - ''' $4,000
covprnm.rt 12235oooo
roerohar
Collection items - 242,488O00 282475O 00
107903O00 00C
Total deposits $eo90250oo
.sdra Reserve actual circulation $578e21ooo 1569445oo
liability Observation-Disclosures. $4,000
All other hablltles...... 13e240oo 1884, ooo
Total liabilities $a5s5soaooo s373s55o
iab
combined, 60.5
ib
ties combined, 624 per cent Week before 631 per cent
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-05-26
Mere Saving
Is No Hardship

"As we in this country economic in
consumption of things for private
needs we shall have larger store of
current savings that we can lend to
the government. The simple way to
lend to the government is to buy Lib
erty bonds and war savings stamps.
Every citizen must take stock of his
earnings power and decide what pro-
portion of it he can turn over to the
government for the period of the war,
and then regularly invest his savings
in government securities. If he ear
nestly wishes for victory he will do this
most cheerfully. He will not begrudge
the loss of luxuries formerly consumed.
He will realize that after all he is max
ing no sacrifice. He is merely denying
himself unnecessary things. He is not
even giving his money to his govern
ment, but lending it at good rate of
interest, and thus increasing his saw
ings. His health no doubt will be i'm
proved: His happiness will be in
creased. His life will be more com
plete, for it will be lived with one OBJ
ject in view-to have at least some
part. however small, in winning the
war;
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-05-26

vestments in this country.

vestments in this country.
An interesting development in con-
nection with the market for Spanish
peseta exchange was the announcement
from Madrid that the Spanish Finance
Ministry has presented bill in the
Parliament the effect of which is to
place Spain on a gold basis. The bill
provides among other things that sill
yer shall not be legal tender in
amounts of more than SO pesetas, cx-
cept for payments to the government.
Until proper facilities have been made
available for minting the gold coin
needed foreign gold coins will pass at
their currency value in Spain. The
Bank Of Spain has increased its gold
holdings enormously since the war be-
gan.
American firms in need of exchange
on India to pay debts in that country
are now receiving allotments of rupees
from the Federal Reserve Board, which
is drawing against the large credits OBJ
tanned in India through the shipment
of silver to the Far East
Closing rates yesterday, compared
with a week ago, follow:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-05-26

Bank Clearinys.--The days bank clear
ings at New York and other cities were:
Exchanges. Balances.
New York. 900. .$39,417,991 $7,223.554
Philadelphia..... 58,74O,439 1885, 64
Sub-Treasury.-The banks lost to
Sub-Treasury yesterday $4,000.
Silver.-Bar silver in London was
48Ad, unchanged; New Yorks99 We, un-
changed; Mexican dollars. nc, I'M
changed,
LONDON, May 25.-Money was easy
at 2M per cent. Discount rates were
quoted at: Short bills, 81 per cent:
three months bills, 39-16 per cent.
Gold premium was quoted at Lisbon
$50.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-05-26
Money and Credit

Surplus reserves of the Clearing
House banks decreased $4,236,900 to q
total Of s41,e63, $40, according to the
weekly statement issued yesterday.
Loans and discounts contracted $780,
015,oo0, the total now being $4,549,411,-
900. Net demand deposits of the banks
increased $57,981 900 last week to a
ment made heavy Withdrawals during
the week, its deposits with the local
banks falling from $514,178,0O0 to
1854, 015,00O.
The Federal Reserve Bank of New
York reported an aggregate Of bills
discounted and bought of 1851, 158,253,
compared with $499, ,O00-a week ago,
indicating that the member banks did
considerable rediscounting with the
central institution. Total gold reserve
of the local bank increased approx
mately 100000.
The actual condition of member
banks shown by the Clearing House
statement yesterday follows:
Loans, discounts, invest
ments, etc. 50, 549, 411 600
Cash in vaults Of Federal
Reserve members. ..... 1o3,424,ooo
Reserve in Federal Re-
serve banks .~......... 61o,712,ooo
Cash in vaults of state
panies ........ 1872. 1e,442,ooo
Reserve in repositories. 7,517,0OO
met demand deposits. 80. 3,7O8, $4,000
Net time deposits. ....... 164,030,O00
Circulation ............. 36,832,00O
Aggregate reserve. 634,671 900
Excess reserve. .......... 41,963, $40
tUnited States deposits deducted,
1864, 015, 900.
The changes from a week ago were:
Loans and discounts. .. Dec. $30,015, 900
Cash in vaults of Fed
eral Reserve men,
bers ................De 1866, 900
Reserves in Federal Re-
serve banks. Inc. $4,000
Reserve in vaults of
state banks and trust
companies Inc. $4,000
Reserve in repositories Dec. 100000
Net demand deposits. Inc. $685. 900
Net time deposits. .... Dec. 6,a88OOO
circulation ........... Inc. 10000
Aggregate reserve. Inc. 3,167, 600
Excess reserve. Dec. 4,235, 900
Bank Acceptances.-Rates were un-
changed as follows yesterday:
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent. Per cent. Per cent.
Efigi IDLE
m m Der
banks. :. .4N@4 4A@4h 4h@4M
E Eligible
non-mem-
Der banks. 4N @4La 4h@4LA 4h@4A
Ineligible
bank bills6A@4a4 5I4@4s4 6L@4s4
For delivery within thirty days:
Per cent
Eligible member banks. ......... AZ,
Eligible non-member banks..... AZ
Ineligible bank bills .........,6
Discount Rates.-The following table
gives the current rates of the twelve
Federal Reserve banks on commercial
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-05-26
Market Barometers
Stock Exchange Transactions

Stocks
Rail- Other All
roads. stocks. stocks.
Yesterday %. $1,000 1896, 100 448,7o0
Day before. %. 46,8O0 $4,000 $4,000
Week ago. -. 6S,5OO 436,400 $4,000
Year ago.. 1880 $4,000 764, 400
January to date:
1913. 7,425,O0O 100000 5S,438,0oo
1917. e,143,2O0 $685., 400 79,100,6oo
1916. ID, 1866, 400 61,8o1, 100 1868, 500
Bonds
Day Year
Yesterday. before before.
U. S. gov.$2,271 eco $4,2a3,ooo -
Rails .. $4,000 $4,000 Sass, 900.
Others $4,000 $4,000 $4,000
All bonds 100000 5,574yoo0 1,17a0oo
January I to date:
1918. 1917
U. s. gov'nts. $358,317,o00 $26f0oo
Railroads 80. 68,856,000 IA, 871NM
Others ..... 146, $4,000 304,29600o
All bonds. 80. 573,416,oo0 452,42S0oo
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-05-26
Washington

President Fixes Zinc Prices.-WASH-
INGTON, May 25.-President Wilson
to-day fixed the price of zinc for a
period until next September as fol-
lows: Grade A, IL cents; plate, f. o. b.
plant, Ia cents; sheet, +. O. b. plant, Is
cents. The prices are subject to the
usual trade discounts and differentials
in effect on February 10 last. The price
was fixed under an agreement with the
industry by which producers will not
reduce wages. 1t will be the same for
the public, the Allies and the govern
ment. The War Industries Board will
direct distribution to prevent zinc from
falling into the hands Of spectators.
Producers pledged themselves to exert
every effort to keep UP production to
insure an adequate supply.
New York Banker to Aid Foreign Ex-
change n.-WASHINGTON, Nav
25.-D. H. c. Penny, vice-president Of
the Irving National Bank, Of New York
City, has been appointed assistant d.
rector of the Federal Reserve Boards
division of foreign exchange and has
severed temporarily his connection with
the bank.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-05-26

Discount Rates.-The fol- owing table
gives the current rates of the twelve
Federal Reserve banks on commercial
paper on all periods up to ninety days:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-05-26

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
C&a&o Mint.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1918-04-08
Dock Employers
Fail to AnsDer

Failing TO receive response to a
circular letter sent. March 20. 20 the
waterfront employers, asking n wage
increase. the Dock Truckers and
Warohousemen's local voted Sunday
to strike Thursday unless their de
mauds are granted
The meeting was attended by about
/ 800 Of the 1900 members. and all
voted to strike. They demand that
all mon be hired thru the hall of the
union. and that new scale be fixed
at So cents an hour straight time and
81 per hour overtime
Straight time shall be from until
noon and from to r.
Secretary w. c, Dawson. OF the
Waterfront Employers association.
said he could not discuss the situa-
ton until after the regular meeting
of the association, Tuesday night.
The union men say the port com.
mission and the Roger Brown Co
were the only ones to answer the cir
cular letter.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1918-04-08
Taxicab DriUers
Still on Strike

Seattle's army OF "a taxicab driv,
ers. who struck for n wage increase
at Z Sunday morning, is still en-
trenched against the Seattle Taxicat
& Transfer company. each side wait
ing for the other to open peace
parley.
Eight women are among the strik,
ers.
The drivers say that those who are
married cannot support families at
the present wage scale. According
to union officers the original demand
was for $3.50 a day. which was cut
to 81 later. when the company Of
fered 1915. They said that further
concession is impossible.
According to Neal IL. Bcgley, vice
president of the company, his firm
did not make compromise offer OF
s3.I5. lie said that in January the
company voluntarily increased the
wage from 81 TO $3.50 and a month
ago offered another increase OF %
cents.
At that time. he said. the drivers.
thru the union. demanded $3.50 and
reduced IL to 81. The company can
not meet this demand. he said.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1918-04-08
WILSON UNIFIES ALLY POLICY
HIGH SPOTS IN
WILSON'S TALK

"Therc Is. therefore. but ono re.
sponae possible from US
Force. force 60 the utmost. force
without stint or limit. the righteous
and triumphant force which shall
make right the law OF tho world
and east every svlfiah dominion down
in tho dust"
"rhe nation ~ awake. There Is
no need to call 20 H. We know what
the war must cost. our utmost uacrt.
flee. the lives OF our fittest men. and.
IL need be. all that We possess
Mon In America may bc more
sure than they ever were before that
tho cause IL their own. and that. II
Il should be lost. their own great ma.
tons place and mission IN the world
would bel ost with H."
They German leaders, have
avowcd that IL H. not Justice. but do
mlnion and the unhindcrcd execu-
ton OF their own will Tho avowal
has not come from Gorfnany'a Htatcas
men. IL has come from her military
lcadsrs, who are her real rulers"
They are enjoying In Russia a
cheap triumph In which no brave or
gallant nation can long take pride "
For myself am ready. ready
still. ready even now, 20 discuss a
fair and just and honest peaco at
any time that Il IL sincerely pur'
poscd--a peace In which the strong
and the weak shall fare alike. hut
the answer when l proposed such a
peace came from tho German com.
manders in Russia. and ! cannot
mistake the meaning OF tho answer
Il accept the challenge.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1918-04-08
PREPARE CALLS
FOR 444 MORE
MEN IN DRAFT

Draft boards Of Seattle and KING
county Monday were preparing calls
FOR az mcn. who viii entralu for
Camp Lewis. beginning April 90,
They viii he part OF the nations
$50 coo select service men ordered 10
begin training IN orders issued by
Provost Marshal CroWder Saturday
night.
Scattic'H contribution VIII number
$40 men. Thirty -four win be sent by
King county board No. ! and ~ By
county board No. ?
Seattle bords viii furnish men AZ
follows,
Division I. 81: No. :. 81. No. ,. "a:
No. 4. q. No 8. ~, No. 6. 81; No. T..
q. No. s. q. No ,. 81. No 10. 6s. No,
II. 10. No. u. g.
Tacoma will send 90 men and Ev.
erett 81.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1918-04-08
SAYS WAR CAN'T LIVE IN
PRAYER ATMOSPHERE

"Call a week Of fasting and prayer.
lot our allies do likewise: for do
not believe war can live in an atmos.
phere Of prayer" This was the mes.
sage of Dr. j. Wilbur Chapman. mod.
orator Of the Presbyterian church.
who filled DR.. NJ. A. Matthews pulpit
Sunday.
He addressed university students
Monday morning. and spoke TO minis.
tiers at 4 p. IN. Hen speak at First
Presbyterian church on THE Church
and the War" at p. m.
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1918-04-08
RIGGS ENDORSED AS
AlASKA'S GOVERNOR

WASHINGTON, April S.--A favor.
able report on the nomination OF
Thomas Riggs, jr.. to be governor of
Alaska, has been ordered by the sen.
ate committee ON territories. follow.
ing hearing OF charges against
Riggs.
The investigation was the resulcof
demands by John a. Ballaine. ofSe-
attic, who told the committee that
Riggs had betrayed his trust to the
government" in the purchase by the
government of the Tanana Valley
railroad for s300.00O
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1918-04-08
PALMER AIDS STATE
IN INSURANCE CASE

To compel the issuance Of license
TO the Mutual Union Insurance Com
pany to do motor vehicle insurance
business. arguments I'm the man
damus proceedings brought against
state Insurance Commissioners II. O.
Fishback were heard Monday in
olympia. Deputy Prosecutor Erven
II. Palmer appeared with deputies OF
the attorney generals staff to resist
the issuance OF the writ
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1918-04-08
ALASKA S0URO0UGHS
"COME OUT" FOR WAR

SAN FRANCISCO April s-Arrlv'
ing In this eity In time TO PARTED
pate In the blE Liberty Loan demon
utration, 81 Alaska ''muHherp' an
nounced their intentions OF existing
and going over 90 can" the kaiser
when the news % the sinking %
the Ttincanla reached them. they
were in Anchorage. III miles In tho
interior 81 Alaska. They promptly
loft in a body. with dog teams and
blizzard weather. making the trip 20
Seward In - hours.
In a fall down tho light well OF tho
Kari hotel. s0J FIRST ave. =, John
r. pula broke his leg Sunday morn
inF