davidaulloa/AmericanStories huggingface dataset:
The Elbert County tribune., 1918-10-18
REGARDING THE New
MILL FEEDS PLEDGE

A simple pledge of honor is noyv
binding to an American than a signed
and witnessed treaty is to a German.
That is why Herbert Hoover. rorv-
seeing disastrous shortage or wne.s
mill feeds and consequent loss OF DAIRY
herds, simply turned to the rarmers oy
America and asked them to pledge
themselves on their honor 70 use
wheat feeds for no other purpose tnan
the feeding of dairy cattle. poultry and
young pigs and calves. and TO Keep no
more than a sixty-day supply OF wheat
mill feeds on hand.
He KNEW that the farmers pledge
handed to the miller from whom he
bought his feed WIS as good as a LIB
ERTY bond, would be enforced by his
conscience without policing or Ing1
ton, and would be kept chssrrully Be-
cause of the farmers own far.sighted
good sense.
The Elbert County tribune., 1918-10-18
LOCAL BOARD
Ebert County
Colorado
KIOWA, COLORADO

List of names of registrants Of the
class of September. 1918. whose Reg
istration Cards are in the possession
Of this Local Board. in the order OF
their liability for military servcie. af
determined by this Local board. as re
auired by the Rules and Regulations.
ATsIoA
300 Walker. twaitcr W. Aiof
AGATE
New-York tribune., 1918-07-17
Italy Restricts Use of Wool

The Italian government has restrict
ed the use of wool. On May ~ !,
published decree in the Official
gazette notifying combing mills tney
must not work on their own or the &C.
count of others any lots Of this produce
except TO fill orders assigned them ny
the military administration. This RUE
is TO be rigidly obeyed, un'ess speeSa'
authorization comes from the Ministry
OF Industry, Commerce ani Labor. IL
provided that spinning mills for comDea
yarns on the English system can wofs
Tor only the state administrators
Spinning mills for combed yarns on
the French system that have produe.
tion greater than the demands OF tne
state adn: Illustrations may put 1t ihlo
the open market in an amount not sA-
ceeding SO per cent of the amount pro
duccd for the state. The central com.
mittee for wool establishes, wnen
necessary, the maximum prices 10.
combed yarns and those for the relative
woven goods.
The spinning mills for carded wool. @
IN addition to the yarns needed lo'
military goods. are obliged TO produce,
on the basis of the tariffs for worsihs
established by the central commlMeee
of the wool industry, yarns for s'asl
manufactures destined for the enn ~
population within the limits OF I.
mixtures furnished to them by 'n'
state.
New-York tribune., 1918-07-17
Dividends
Regular

General Cigar Company Regular quar-
terly dividend of 81 on the common stock,
payable August l to stock of record July "a
Idaho Power Company.-Regular quarter
" dividend of IA per cent on the pre-
ferred stock, payable August l to stock of
record july 20.
Chicago. Wilmington & Franklin Coal
Company.-R Regular quarterly dividends of
Sl.5O on the preferred and S5 on the COM
mon stocks both payable August l.
Pacific Gas & Electric Company.-Rec,,-
lar quarterly dividend OF Sl.50 on the first
preferred stock. payable August IS to stool
of record July 81
,, Philadelphia Rapid Transit Company
Regular semi-annuai dividend of 81, per
cent. payable July 81 to stock of record july
Commonwealth Power Railway & Light
Company.-ReRuar scrip dividend of IL
ger cent on the preferred stock pavahle
August ! to stock of record July / ! Two
previous disbursements the preferred
stoch nave been in scrip in the form of cou-
pon pEon. notes. payable on or before February 1,
l9-4' with interest at per cent.
Iron Cap Copper Company.-This corpo-
raelon mas declared dividend of 25 cents
snare on the common stock. payable Au-
Eust 10 stock OF record July 90.
Champion Copper Company.-This corpo-
faeioa mas declared dividend of Sc 40 a
share. making Sl48.74 since February q,
1915. when payments were resumed Ths
previous pay.ne.t of S6.40 was made Janu-
ary Z. 1918. The latest dividend is navabie
August 15 60 stock of record July -.
ST. MaTys Mineral Land.-Dividend Of
& share. payable August Is to stock of
record July % -
New-York tribune., 1918-07-17
Old National Bank
Organization to
Work With New
President Hinsch of Ameri.
can Association Hopes
for Unity
Especial Dispatch to The Trtbune)

(Specidt dispatch to The Trfbune)
CINCINNATI, July 1G.-When asked
what he thought would be the effect
upon existing banking organizations of
the formation at St. Louis yesterday
of the United States Council Of State
Bank Associations, President Charles
A. Hinsch of the American Bankers
Association said:
Il anticipate the most friendly re-
lations between those directing the
activities of the National Council Of
State Bank Associations and the Amcri-
can Bankers Association. l hope for
cooperation and coordination of effort
in connection with state and Federal
legislation and other subjects in which
the bankers Of the nation are vitality
interested
"Never in the history of our coun-
try was unity of purpose so necessary"
At the meeting at St. Louis, when
the state bankers formed their new
and national organization, some Of the
bankers present opposed the movement
as inopportune in wartime. An Illinois
delegate declared that the new organi-
zation would "cripple the efficiency of
the American Bankers Association in
its efforts to defeat the Kaiser" He
afterward explained that he meant the
new movement might hamper the old to
the extent that the new draws members
away from it.
New-York tribune., 1918-07-17
Steady Decrease in
Liquor rade Revenue
Receipts of American Cities Re.
duced Nearly One-Half
in Decade

The liquor traffic provided only
3.5 per cent of their total revenues to
the 219 cities in this country having
more than 10000 inhabitants during
the 1917 fiscal year. The proportion
represented by this figure, the Census
Bureau of the Department of Com
merce reports, has shown a continuous
decline for several years, having fallen
from ga per cent in 1907 to SIS per
cent in 1909, per cent in 1911, 4.8
per cent in 1918, AZ per cent in 1915
and 3.5 per cent in 1917.
For the 219 cities, taken as 4 group,
the proportions which the various
classes of revenues formed Of the total
during the fiscal year 1917 were: Prop
erty taxes, 63.9 per cent; earnings Of
public service enterprises, 10 per cent;
special assessments and special charges
for outlays. 7.8 per cent; highway
privileges, rent and interest, 5.5 per
cent; suhventions, grants, gifts, dona-
tions and pension assessments, Al per
cent; liquor taxes, 3.5 per cent; earn
lnBS Ol general departments, 20 per
cent; business taxes other than liquor
(ncluding those collected without the
issue of licenses) and business
license taxes. 81 per cent; fines, for
fcits and escheats, e-tenths of 1 per
cont, and poll taxes, two-tenths of 1
per cent.
The progress of the movement for
the suppression of the liquor traffic
since 1903 is indicated in a rough way
by comparison of the proportions
which the number of cities receiving
liquor taxes represented of the total
numbers covered by the 1903 and 1917
reports, respectively. In the earlier
year 1873 cities out Of total of 146
or more than rine-tenths, received
liquor taxes, whereas in the later year
only 1876 cities out Of total of PIG, or
about seven-tenths, received such taxes
So pronounced has been the decline in
municipal revenues from the liquor
traffic during recent years that the
gross amount of such revenues dropped
from Sal ,364.527 for 1919 cities in the
fiscal year 1918 to S9,6O6,e56 for 2O4
cities in 1915 and to S36,974,797 for
219 cities in 1917.
New-York tribune., 1918-07-17
War Board Aid
For Power Company
Government to Assist in Car
ing for $8,O47,OOO Matur-
iro Bonds

The War Finance Corporation, it
was announced yesterday, will assist
the Commonwealth Power, Railway and
Light Company in taking care of its
issue of $S,047 900 five-year 6 per cent
convertible bonds that fell due on MAY
l last. Arrangements have been made
with the Federal body for an advance
to the company of $2,400,OoO to be re-
paid with interest at per cent by
1923, provided the holders OF the ma
tured bonds take at least 20 per cent
of a refunding issue which has been
authorized by the directors The com
pany is incorporated under the laws of
Maine and operates in the states of
Illinois, Indiana, Wisconsin, Ohio and
Michigan. II has outstanding capital
stock of s36,494,Oo0
According to the official announce
ment made on behalf of the company
two plans have been presented. Hold
option of accepting for each 1000 bond
either new $1,000 five-year per
cent secured convertible gold bond and
S25 in cash, representing 212 per cent
discount on the new bonds, or new
$500 five-year Z per cent convertible
gold bond and $3.50 in cash, represent
ing discount at 2 Il per cent on $500 new
bonds, $500 in cash representing pay
ment of principal, to which will be
added interest at per cent on $500
from May /, 1918, to date of payment
By reason of the discount Of 2 u per
cent, which is equivalent to a price
of 9712, the new bonds net the holder
IA per cent interest return if held to
maturity. The new bonds will carry the
same terms of conversion as the ma
tured bonds.
Holders of the bonds are urged to
deposit them as quickly as possible
with one of the following depositaries
Bankers Trust Company, New York
National City Bank of Chicago, Fidelity
Trust Company of Philadelphia; Citi-
zens Savings and Trust Company, Cleve-
land; Fidelity and Columbia Trust
Company, Louisville, KY; Rhode Island
Hospital Trust Company, Providence
and the Michigan Trust Company
Grand Rapids, Mich.
New-York tribune., 1918-07-17
Woollen Mill Sold

ROCKVILLE, Conn, July 16.-The
sale of the American Mills Company.
woollen manufacturers, to the Hocka-
mum Mill Company, was announced to-
day. The sale price is about $500 900.
The American Mills Company was
capitalized for 100000. The mill was
built in 1S47 and the company was re-
organized in 1885. The new owners
viii continue to operate the plant
without change in officials. There are
about 200 persons employed in the
New-York tribune., 1918-07-17
Expect England to
Extend Canal System
Larger Barges and Nationalist
ton Proposed After
War

There will be field for the sale OF
American-made marine engines in the
Birmingham, England, district after
the war, it is reported. But in order
to find Il market there American man.
ufacturers must be able to success
fully compete with local makers. The
demand, moreover, will be confined to
engines for canal barges. Birmingham
is the centre of a network of canals,
and many of the boats navigating these
waterways. are quipped already with
motor engines.
Since the war began the canal sys-
tenn of England has been taken over
by the British government, and the lat
ter is believed to favor naturalization
and policy of widening and cxten-
sion. reconstruction scheme is being
discussed and may be put into execu-
tion in peace time. 1t is proposed to
bring all canals up to the standard of
Continental efficiency. and make the
use of them by 10U-ton craft univer-
sally possible
New-York tribune., 1918-07-17
New York

. Marconl Wireless Dividend. - The
Marconl Wireless Telegraph Company
OF America announced yesterday the
receipt OF cablegram from the Mar
coni's Wireless Telegraph Company
Ltd, o. London, in which it was stated
that the profits Of that company for
the year 1917 amount TO 1888 900 and
that the directors recommend a final
dividend of 15 per cent on the ordinary
shares and 10 per cent on the prefer
ence shales, 100000 to general reaerve
and &376,00O carried forward. The
meeting of the English Marconi com
pany is to be held in London on
July "a.
New-York tribune., 1918-07-17
News Digest
Foreign

London Market Confident. LON
DON, July 16.-Dealers on the Stock
Exchange regard the news from the
Western front as satisfactory, and while
business naturally is restricted pend
ing further Developments, the tone to-
day was quite confident. Bonds, in
cluding French funds, were firmly
maintained, and Russian issues we're
slightly more active and harder.
Shipping shares continued prominent.
but CunArds were easy. Marconi stock
was strong on the declaration of q 20
per cent dividend, the rate paid before
the war. Money was in good supply
and discount rates were quiet.
Paris Bourse Firm.-PARIS, july IS.
Trading was firm on the Bourse to-
day. Three per cent rentes, 81 francs
so centimes for cash. Exchange on
London was ~ francs 16 ccntimes.
Five per cent loan brought SO francs
SO centimes.
New-York tribune., 1918-07-17
Elections

General T. Coleman Gu Pont wss ss
elected yesterday chairman OF w
board of directors of the Empire l1us. rus
Company, q new office. General du fvs. U..
has been a director Of and q iSis. s.
stockholder in this institution Tor se'
eral years
John A. Carver, who was q !sSs ss
partner of John w. Sterling. who olss
suddenly on July while in CahS's :
on vacation, has been eiecSee - .
trustee of the Consolidated Gas .oh. ~.
pany, as we'll as a member OF 'Ss -
finance and executive conmlttees, =
fill vacancies caused by Mr.. Steriihs
death,
New-York tribune., 1918-07-17
Trade Prospects Brighter

Before the war Argentina expended
about 100000 annually for printing
machinery and an equal amount for
type, ink and other press supplies.
Germany sold more than 80 per cent
OF such machinery used by Argentina.
Since the war American houses have
followed European example and estab-
tablished supply houses at Ruenos
Ayres. Prospects of their marketing
such goods in Argentina are much
brighter,
New-York tribune., 1918-07-17
Demand for Argentine Bonds

Subscriptions to the 100000 Of Ar
gentine government per cent bonds
offered in this market early this week
are said to have disclosed large num-
Der of small subscriptions. The big
gest individual subscription thus far
has been for $4,000, with several for
blocks Of $4,000 and $4,000. These
bonds, offered at price to yield 81
per cent. were originally issued in
pounds sterling and sold in London in
1915, being part of the a5,O00,000 lot
floated there. At the same time $685.
100000 OF the bonds were sold in this
country. This issue is now selling at
around 9714 to yield u per cent.
New-York tribune., 1918-07-17
May Shape u. S. Policy
Washington Watching Czecho-
Sloyak Movement in Siberia

The Czecho- -Slovak movement in 81
IBERIA may determine the nature OF
American economic assistance for Rus
sia. The advancement of the movement
TO the Pacific ports Of Siberia is caus-
ing the American foreign trade IN
terests and the authorities az Wash
ington, who are graphing with the ques..
ton Of helping the former subjects OF
the Gar to reconsider their whole
programme of economic Intervention
In the light of the new events. I'M
portant conferences are now being held
at the capital, and the long post
poned announcement of a concrete
policy in regard to Russia is expected
soon.
1t has been intimated that the
Czecho- Slovak penetration may lead the
United States to adopt a separate
policy toward Siberia.
New-York tribune., 1918-07-17
Water Power in Sweden

The turbine capacity of water plants
in Sweden totals about 100000 horse
power, and about 25 per cent of such
facilities was completed IN 1917, one
fourth by the government and the re-
mainder by municipalities, private cor
poratlons and industrial enterprises.
power in Sweden is in connection with
shore ownership, in utilizing larger
streams for the generation of such
motive force a certain amount of water
must be reserved for public utility
New-York tribune., 1918-07-17
Finance Economics
STREET OFFICE
Mills Building, is Broad ST. Hanover 6b14

Considering the highly favorable
trend Of the war news, the stock
market seemed exceedingly dull and
unresponsive yesterday. Prices ad-
vanced little, but the movement
was not accompanied by an increase
in activity Sales we're 100000
shares smaller than on Monday.
Under the circumstances, the ap-
pearance of a wave of speculative
buying and an extremely buoyant
market would not have been sur
prising. But, while highly opti-
mistic, traders acted with wise re-
straint, many Of them either holding
aloof entirely or making unusually
small commitments. 1t is just as
we'll that this was the case, for had
prices been run up-and there was
good excuse for putting them up
the market would have been placed
in poor position to withstand the
shock Of unfavorable news, such as
temporary German success in the
drive now under way. AS it is, the
chance that anything which may
happen on the battlefront will seri-
ously upset the market is remote.
New-York tribune., 1918-07-17
Decrease in Crude Petroleum

A decrease of 277,260 barrels in the
receipts of crude petroleum from the
wells in the fields east of Illinois was
shown in the compilation of "The Oil
City Derrick" for the month of June,
compared with May. The average is
also the smallest for any June in five
years, and is more than II, 900 barrels
day less than for the corresponding
month in 1914. The average daily re-
ceipts from the pipes last month was
$1,000 barrels, against 67,786 in June,
1917
New-York tribune., 1918-07-17
Stock Advances, Despite Fire

American Agricultural Chemical
stock advanced PA points, to 90, on
the sale Of 200 shares yesterday, de-
spite the fact that fire, caused by the
explosion of nitrate early in the day,
destroyed large fertilizer plant
owned by the company near Jackson
vile, Fla: The property destroyed was
worth about S1,250oo0, according to
advices from Jacksonville.
New-York tribune., 1918-07-17
May Regulate Potash Mines

1t is proposed in Spain that the gov
ernment shall control production and
sale OF potash salts, as well as any
other minerals used in the manuract.
ure OF fertilizers. j. is suereested
that the output of each mine shall he
under minimum and maximum repula-
ton. and chat the government shall fx
prices for domestic and export sales.
New-York tribune., 1918-07-17

The above rates express the cost of
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling at. say, $4.75M. The intrinsic
parity is $4.S6% per pound. Thus you
say either that pounds are at dis
which is owing to the fact that in Eng,
land the demand for dollars with which
to settle accounts in this country is
greater than the demand in this coun-
try for pounds with which to settle &C.
counts in England.
New-York tribune., 1918-07-17
Buying Sumatran Rubber

The war has greatly Increased the
demand for Sumatran ubber, accord
ing to commercial statistics. Exports
of plantation rubber from Belawan.
Deli, Sumatra, increased from 16,418,-
coo pounds in 1916 to 2S.94o,0OO in
1917. Shipments to the United States
increased the most In 1916 this coun
try obtained $4,000 pounds there,
and in 1917 the total was 2O,136,6OO.
New-York tribune., 1918-07-17
Australia Seeks Foreign Trade

The Australian government is tc
make an effort through its Department
of Commerce and Industry to open up
new foreign markets. and trade repre-
sentatives are to be appointed in
number of overseas countries II is
expected that expenditures in this di
rectlon during the first year will
amount to S109,5O0.
New-York tribune., 1918-07-17
Wealth Markets and Commerce @
Relevant Comment
U. S. steers High Production Figures

U. s. Steel's High Production Figures
E. II. Gary announced after yester-
days weekly meeting Of the Steel Cor
poration's finance committee that ingot
production was now running at the
rate Of 96 per cent Of capacity. This
was an increase Of per cent over the
percentage Of the preceding week. At
no time in the corporations history
have the production figures been SO
high as at present.
New-York tribune., 1918-07-17
Bethlehem Notes Go Well

Bankers in the syndicate Offering the
new serial 7 per cent notes of the Beth
lehem Steel Corporation said yester-
day the outlook was that the entire
100000 issue would be sold to the
public. In this event the War Finance
Corporation, which agreed to take $780,
not subscribed, would be relieved of
its underwriting responsibility, as we'll
as the bankers who underworld the re-
naming $30O00,000. 1t was said that
the demand for the notes came from
all parts of the country. At the Guar
anty Trust Company last night it was
stated that it was yet too early to make
public detailed figures Of the amount
of subscriptions, but in other quarters
it was reported that by 2 O'Clock yes
terday afternoon $35,O00,00O Of the
notes had been sold.
New-York tribune., 1918-07-17
The Dollar in Foreign Exchange

Quiet conditions prevailed in the
foreign exchange market yesterday
Changes in rates were small as a rule
and of little significance. Italian cable
transfers were a shade firmer. Rates
on Paris and London were steady.
Closing rates yesterday, compared
with u week ago, follow:
Quoted dollars to the pound,
New-York tribune., 1918-07-17
Big Money Transfers

This is a week of big government op-
crations in the money market. The
shifting Of funds incidental to the large
transactions is keeping money rates
firm. Yesterday approximately 40 per
cent Of the funds deposited with the
banks as the proceeds of the sale of
the recent Offering of $780, 100000 Of
+ u per cent certificates of indebted
60 per cent will be withdrawn before
the end of the week. Tomorrow the
35 per cent instalment is due on the
third Liberty Loan subscriptions, and
at the same time an issue Of $517,S26,-
500 Of certificates of indebtedness falls
New-York tribune., 1918-07-17
Stabilizing Lire

upder the arrangement for stabiliz-
ing Italian exchange in this market,
now in operation, all banks or indi-
viduals desiring to purchase lire bills
must do so through the agent of the
Bank of Italy and the Italian Institute
Of Exchange, which has taken offices
at the Federal Reserve Bank of New
York. This places the control of the
market directly in the hands of the
Italian authorities.
New-York tribune., 1918-07-17
Can Notes To Be Paid

The American Can Company, accord
ing to reports current in the financial
district yesterday, will have realized
from it's current contracts sufficient
cash to meet on August 81 the first $3,-
100000 maturity Of the $4,000
seven to ten months notes sold to the
First National Bank early in the year.
The notes were dated January 21, 1918,
the last instalment falling due Novem-
Der 21. This borrowing was for the
purpose of financing purchases Of tin
plate required to fill government con-
tracts. Subscriptions to the issue were
received on discount basis
New-York tribune., 1918-07-17

1t is reported that a bill will soon
be introduced in Congress granting
to banks the privilege of franking
notices to purchasers Of Liberty
bonds. There is need for such bill,
and it is to be hoped that one will
soon be enacted, for, as the situation
stands at present, the banks are
compelled to make large expendi-
lures for postage for which they re-
ceive no return whatever. The
franking privilege was extended to
the banks some time ago, and they
were supplied with franked enve-
lopes and cards for the purpose of
calling upon bond buyers for pay
ment of the instalments due on their
purchases, but about three weeks ago
the Postmaster General ruled that
the "use of this privilege by banking
institutions is not in accord with the
provisions of the law" and it was
therefore discontinued. AS a result,
notices of the instalment on the
third Liberty Loan due this month
were mailed at the expense of the
banks. There were millions of SUBJ
scribers to the loan, and a good many
banks received thousands of SUBJ
scriptions. One institution in New
York, for example, reported that up
ward Of 100000 individual subscrip-
tions had been entered through it.
Not all of these require snotices, but
a substantial part Of them do. The
postage bill runs into large sum
in the aggregate. Other Liberty
Loan expenses of the banks are
heavy, and they should not be called
upon to bear this additional burden,
which properly should fall on the
government.
New-York tribune., 1918-07-17

'o Oe'Aih i"Ie.. oS.fo oo.fo
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: