davidaulloa/AmericanStories huggingface dataset:
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1918-11-18
THANKSGIVING DAY
SET BY PRESIDENT
Declares Nation Has Special
Cause for Thankfulness
This Year.
PEACE RESTORED TO WORLD
Country Should Thank God and
Rejoice for Ending
of War.

WASH1NGTON. November 17.-Spe-
ciai and moving causes to be grateful
and to rejoice are set forth by Presi-
dent wilson to-day in his annual
Thanksgiving Day program.
Thursday, November rs. is pro-
claimed as this years day Of thanks
giving and prayer"
The President appeals for strength
ening OF friendship and mutual respect
IN building the new structure OF peace
and good will among the nations. The
proclamation reads:
1T has long been our custom to turn
in the autumn OF the year in praise
and thanksgiving to Almighty God for
mis- many blessings and mercies to US
as nation. This year we have special |
and moving cause to be grateful and
TO rejoice. God has in His good pleas
ure given US peace. Il has not come
as mere cessation Of arms, a mere
relief from the strain and tragedy Of
of right.
Complete victory has brough'
not peace alone. but the confdcn,
promise OF new day as well. in which
justice shall replace force and jealous
intrigue among nations.
our gallant "r."'rs nave participated
in triumph of right. which is not
marred or stained by any purpose of
selfish aggression. In righteous
cause they have won immortal glory
and have nobly served their alton in
serving mankind.
God has indeed been gracious We
have cause for such rejoicing as re-
wives and strengthens in us all the
best traditions Of our national history.
y new day shines about US in which
our hearts take new courage and look
forward with new hope to new and
greater duties.
while we render thanks for thes.
things. let us not forget TO seek the
divine guidance In the performance
OF those duties, and divine mercy and
forgiveness for all errors of act or
purpose. and pray that in all we do
we shall strengthen the ties Of friend
ship and mutual respect upon which
we must assist 10 build the new s,ruc-
ture OF peace and good will among the
nations.
New-York tribune., 1918-04-20
$37,5OO,O0O German
Capital Invested
In South Africa
Custodian of Enemy Property
Finds $4,000 Teuton
Shareholders

The report of the South African Gus
todian of Enemy Property, which has
recently been issued, contains a good
deal of interesting information regard
ing German peaceful penetration in the
Union, according to London advices. 1t
shows that no less than $4,000 enemy
shareholders in gold, coal and other
mining concerns in the Union own
holdings to the aggregate nominal
value Of nearly $37,500,0OO.
The custodian has completed the
most essential part of his work. Eigh-
teen enemy firms, or firms having large
enemy or enemy subject interests, have
been ordered to be wound UP, and
others have gone into voluntary liqui-
dation; and there is no firm in the
Union now carrying on business wholly
or chiefly in the interests of enemy
persons as the term is defined for the
purposes of the British trading with
the enemy act.
In addition, the custodian has taken
charge Of enemy shares in mining COM
panies to the face value of $24 900 900.
New-York tribune., 1918-04-20
Holland Fears a
Permanent Loss
OF Colonial Trade
Dutch East Indies Are Now
Dealing Direct With the
United States

Reports from Amsterdam and Rotter-
dam indicate that shipping conditions
which have prevailed for the last three
years have diverted from Holland a
great percentage of her colonial trade
and that the middlcmcn of the big
Dutch ports fear that the loss of trade
with the Dutch East Indies will be per-
manent and that the coffee, tea, rubber
and tin producers Of the Dutch colonies,
having found direct trade with Amer
ica, Great Britain and other nations
more economical for all parties, and at
the same time more profitable, will not
consent to ship through their Dutch
agents after the war
America particularly has taken ad-
vantage of the shipping difficulties
and the restrictions imposed upon
Dutch imports by the belligerents who
control the seas to invest literally in
East Indian rubber interests, to estab-
lish elaborate buying organizations in
all the big shipping centres such as
+ Batavia, Soerabaya and Medan. For the
control of the rubber export London
and America are now entering upon q
keen competition, the advantage being
oAA6HIAy Will Vic ldtCCl, DuL I1OlldnU Is
completely eliminated from the compe-
tition, and the Dutch wholesalers are
said to have resigned themselves to the
loss of this trade for good and all.
American consular reports used to
show very big annual export of East
Indian coffee from Amsterdam to the
United States. This last year no such
item has appeared in the statistics. On
the other hand, direct coffee exports
from the Dutch East Indies to Ameri-
can ports were in 1917 nearly six times
what they were in 1916, while Holland,
instead of being the clearing house for
Indian coffee, is seriously threatened
with coffee famine.
The Dutch government learns from
Java that the direct export of tin from
East Indian ports to other nations has
been found so economical that all
thought of carrying on this trade
through home ports after the war is
abandoned.
New-York tribune., 1918-04-20
Kansas Crop Outlook
Is Less Favorable

TOPEKA, Kan, April 19.-Condition
of the Kansas wheat was 776 per cent
of normal on April l3, according to the
first monthly crop report of the sea-
son issued here tonight by j. c. Moh-
Ter, secretary of the State Board of
Agriculture.
OF nearly 100000 acres sown to
wheat in Kansas last fall approximate
ly one-third is reported by correspon-
dents of the board as Worthless or 40
unpromising that it probably will be
abandoned or devoted to other crops. "
Ninety per cent of this abandoned
acreage is in the northwest portion of
the state. this region embracing go per
cent Of the total area sown to winter
wheat last fall.
New-York tribune., 1918-04-20
Trade Repressed
BY Price Fixing
Fears of Government Inter.
ference Check Business
Turnover

The factor of high prices, coupled
with the likelihood of the government
exerting stronger control of COM
modities that have not as yet fallen
under Federal influence, is tending to
repress trade.
speeding up of war trade" says
"Bradstreet's" weekly trade summary,
Supplemented by continued heavy buy
ing for governmental account, excel
large purchases by country merchants
and improvements in transportation,
stand out as the prominent currents in
rapidly moving stream. But the
energies of the government, with en-
bargoes on preferences, make it diff
cult for merchants to get supplies, and
at the same time further restrictions
upon so-called non-essential industries
operate to cut down outputs, which
conditions in the aggregate initiate
against the freest movements in civil
ian lines"
According to "Dun's Review" not
only regular domestic business, but
also foreign commerce, is being brought
under closer restrictions as the coun-
try is placed more completely on a
war 4OotAHS. anu tHeIc lS no Industry
or trade of Importance that is not dora
mated by present or prospective Fed
eral requirements. While strictly
civilian demands are enlarging in many
instances, Notwithstanding the extraor-
dinary prices, the difficulty of meeting
all needs tends to limit the volume Of
transactions, and still greater
scarcity of some supplies is clearly
foreshadowed by the ever increasing
pressure of governmental orders. One
of the most reassuring features of
the general situation is the tendency
to discourage speculative excesses in
every quarter, and sellers in some lead
ing lines are shortening credit terms
as means of keeping business in a
liquid condition.
New-York tribune., 1918-04-20
Large Increase
In Resources of
Trust Companies
State Report Shows Gain
of $2O2,366, ,7O3 in
Year

ALBANY, April 19.-The reported re-
sources of the ninetynine trust COM
panies of the State Of New York on
March Ia last, the date of the last bank
call issued by State Superintendent of
Banks George l. Skinner, totalled 49,
084,oO3,468, an increase of S202,366, ,703
over the figures reported by the trust
companies on February %, 1917. De-
posits on March IA last totalled ST.
475,853,107, an increase of $29,o22,6O6
over those reported year ago.
The reported, resources of the I'll
state banks of deposit and discount on
March ID last were $9o0,797, ,451, an in
crease of S3S,174,170, as compared with
the resources reported during the first
quarter of 1917. The deposits of these
banks on March ii last were $777,029,-
557, showing an increase over those re-
ported year ago of $21 ,405,504.
While the resources and deposits Of
the state banks and trust companies as
reported on March ID, 1918, are not as
large as were those reported on No
vember ID, 1917, the date of the previ-
GUS call, the deposits reported at that
time were to some extent the result of
an accumulation of funds to meet the
last payment on the second issue of
Liberty Loan bonds which became due
on the following day.
Eiphty-onc private banks reporting to
Superintendent Skinner under the call
of March Ia last show resources of S15,-
991 ,551 and total deposits Of $10,747,-
597, an increase in deposits since No.
vember IA, 1917, Of $678,053.
New-York tribune., 1918-04-20
Sloss-Shefneld
Resumes Dividends
Quarterly Disbursement of
/ 1-2 Per Cent Is
Declared

Directors Of the Sloss- Sheffield Steel
and Iron Company, at meeting held
yesterday, resumed payment of divi-
dcnds on the s10,ooO,O00 outstanding
common stock by declaring quarterly
dividend Of 1ls per cent, payable May
10 to stockholders of record April 80.
The surplus for the quarter ended
March 81 was officially estimated at
$1,250,0o0 after all charges and taxes
On April II, 1917, the directors de-
cidcd TO pass the quarterly dividend Of
N per cent on the common shares
after that rate had been declared for
the preceding quarter. Previously no
dividends had been paid on the junior
shares since. 1910.
Yesterdays action Of the board was
preceded by an advance Of moro than
three points on the exchange. The
announcement that dividends had been
resumed at the old rate few minutes
before 3 O'Clock was followed by
further upturn, the closing price Of
bsM being, net gain Of 4 points.
New-York tribune., 1918-04-20
City Bank Gets
$127,389 Verdict

NEWARK, N. j., April 19.-The Ma
tional City Bank of New York to-day
was awarded a verdict Of $127,389.74
in the Federal Court against the
Mutual Trust Company, of Orange. The
Mutual company was wrecked some
time ago by Edwin H. Hatch, now in
state prison for the offence. The bank
alleged. that subordinate of Hatch
had overcertifed certificates of deposit
as collateral for loans made through
the bank. The bank examiner refused
to recognize them and the National
City Bank brought suit. Judge Haight
ordered the verdict.
Horace M. Kilburn, vice-pre sident of
the National, in testifying to-day,
stated that Hatch had borrowed as
high as million dollars at one time,
and his reputation was Of the highest
up to the time of his downfall.
The Metropolitan Trust Company
and the Hudson Trust Company, both
of New York, have suits pending for
100000 growing out of similar trans
actions. They will be tried later.
New-York tribune., 1918-04-20
Urge Freer Use
Of Acceptan,ces in
Cotton Purchases
Greater Liquidity of Paper
Is Necessary, Bankers
Declare

Greater use of bankers acceptances
in the settlement of cotton purchases
will be recommended at the conference
of bankers, manufacturers and ship
pers to be held at the Biltmore Hotel
on May 4. 1t was learned yesterday
that the effect the recent break in
prices on the Cotton Exchange has had
on banks holding large amounts of
drafts against shipments Of cotton will
be used as an argument for change
in the present method of buying.
The initiative in the movement has
been taken here by ex-senator Theo-
dorc p. Burton, president of the Mer-
chants National Bank, and in Boston
by Daniel G. Wing, president of the
First National Bank of that city. Com
mittees will be appointed by these
men who, it is expected will announce
concrete proposals which may be pre-
scnted for adoption at the forthcoming
meeting.
1t was pointed out that the recent
break in cotton prices has made it ad-
visable that some action be taken that
Will place banks accepting drafts drawn
against shipments of cotton in a posi-
tion where they can rcdiscount their
paper, should the necessity arise. 1t is
believed that this result can best be
accomplished by the extension ofsthe
use of bankers acceptances instead Of
the sight drafts now used extensively.
A plan which has received favorable
consideration has been recommended
by the National Association of Cotton
Manufacturers. This provides for a
more equitable distribution of the
financial burden of carrying the men,
bers of the association along lines
similar to those now in force abroad,
Under this plan each mill would ar
range with its bank to accept it's drafts
drawn for ninety days against ship
ments of cotton, paying the bank a
small commission for acceptance and
releasing cotton at once for the spin
ner. BY this method the mills would
be able to spin cotton before actually
paying for it.
An announcement of interest to the
grain trade yesterday was made by
julius Barnes, president of the Food
Administration Grain Corporation, who
called for conference in this CITY on
April 30 of all leading grain interests
and representatives of all exchanges.
The purpose of the meeting is to dis
cuss trade conditions relative to the
handling of the crops of the coming
harvest
New-York tribune., 1918-04-20
Canadian Northern's Position

The Dominion government has is
sued statement on the Canadian
Northern Railway situation, which as
serts that no part of the system has
as yet been taken over, and denies that
the government has been paying bond
coupons or notes for the Canadian
Northern or its subsidiaries. The gov
ernment has. however, paid S25 .O0o.-
600 to the Canadian Northern Rail
way, which has been utilized as fol-
lows: Reducing construction loans,
$350o,0oo; equipment, s6,O51 ,5o2; in,
terest and sinking fund on mortgage
securities, $l5,39s,49S. This is in ad-
dltion to $353,o94 cash subsidies paid
last December and payment of ST.
867,85S made under guarantee acts.
The comparatively small amount of
100000 which has been spent
tor rolling stock and equipment indi-
Gates that an additional sum will be
asked from Parliament later this wear,
New-York tribune., 1918-04-20
Cotton Market
Steadier, With
Less Liquidation,
Early Decline Is Followed
by Rally-Price Fixing
Thought Unlikely

i. Excitement subsidized somewhat in
the local cotton market yesterday, and
while there was heavy selling and a
sharp break at the opening, the move
ment did not attain the violence that
characterized dealings on preceding
days. The weakness originated in
Liverpool and was attributed to the in
f1uence of the price-fixing bill in Con-
gress which had caused the sharp break
here late Thursday. Locally much of
the nervousness over the prospects for
such legislation seemed to have dis
appeared.
The early selling carried July con-
tracts off to 27.7O, or 6S points from
Thursdays close Nand more than two
cents pound under the high level of
Thursday morning, but as soon as this
first rush of offerings had been abb
sorbed the market turned frmer. July
rallied to 1855 and closed at 28.35,
with the general list closing steady net
13 points lower to "a points higher.
The market opened irregular at
decline of 10 to SO points, and quickly
sold SO to 68 points net lower on the
three active positions. The feature
was Ilie SelllNS 1OI AlVeIpOOl account,
which was accompanied by reports that
British importers were hedging spot
cotton in the South, for which they saw
no immediate prospect for securing
tonnage. There were also overnight
selling orders, but the liquidation in
spired by the price-fxing talk appeared
to have pretty we'll run its course, and
the market soon rallied on bullish spot
advices and unfavorable weather pros
poets. Active old crop months sold
about to II points net higher during
the middle of the afternoon and the
new crop SO to 43 points above Thurs
days closing figures. Several points
of this gain were lost at the close as
a result of realizing and renewal of
Liverpool selling, although there was
no change in the general character of
the news.
Yesterdays advices from Washing
ton encouraged the feeling here that
no legislation fixing the price of 20
cents pound for raw cotton was
likely. This probably contributed to
the rally from the early low level, but
the main factor was believed to be
the outlook for another cold wave in
the South. Western belt forecast was
for frost in Oklahoma and North
Texas, while local map readers seemed
convinced that the cold weather would
spread over the belt before Monday
morning. The favorable view of the
new crop start was considerably modi-
fed by the weekly weather report of
last Wednesday, and it was appre-
hended that another cold snap would
completely destroy the hope of an
early start in the belt. Except for the
Liverpool selling here, local brokers
said they saw no indication of press
ure attributable to the spot position.
Southern spot markets as officially re-
ported were unchanged to so points
lower. nearly all of them being un-
changed
New-York tribune., 1918-04-20
Corporate Returns

1ngersoll-Rand Company-The an
nual report for the year ended De-
cember 81 last shows net earnings of
s9,674,182, compared with $7,925,156
for the preceding year. Depreciation
amounted to $S58,582, against S619. .539
for the year before. Federal taxes were
S3,452,815, and taxes were $4,000, the
same as the previous year. Balance
was S5,1S9,785, compared with $685.
GIG for 1915. After preferred divi-
dends of $151,518, earnings on the S1O,-
9OO,035 common stock were equal to
S46.22 share. compared with S65.17 a
share earned in 1916. Common divi-
dends were $3,268,600, against S4,719,-
O9O for the preceding year. Surplus
for the year amounted to S1,769 .667.
compared with $2,3s5,0O8 for the wear
before.
Bangor & Aroostook Railroads.&c.
company reports total operating rev
enues of $4,384,561 for the wear ended
December 81, 1917, compared with S4.-
o13,4o8 for the previous year. Net
operating revenues were S1,394.148.
against $1,574,101 for the preceding
year. Balance after taxes amounted to
1,2O4 ,193, compared with $1,412,O67
tor 1916. Gross income for the year
was $1,622,331, compared with s1,748,-
'519 for the year before. Dividends
were $197,567, against $103,458 for the
previous year. Surplus was S295 .607.
compared with $393,554 for the preced-
ing year.
Philadelphia Rapid Transit.-The
company's report for the nine months
OF the fiscal year to March 81 last
SHOWS gross passenger earnings of
s21,576,S46, compared with S2O,228,532
Tor the year before. Other income was
$s41 ,612, against $772,562 for the same
period Of 1915 and 1917. Gross earn earn
lngs amounted to $22,418,458, compared
with S21 ,001, ,095 for the corresponding
months of the previous year. Fixed
charges were $7,311 ,523, compared with
$|,328,46S for the same nine months of
the preceding fiscal year. Surplus for
the period was 81, 6O8,s20, decrease
OF S284,4S2 from the corresponding
period Of the previous year.
Puget Sound Traction, Light and
Power Company.--Gross earaings for
the twelve months ended February %,
1917, for the company and subsidiary
companies were $9.S26,192, compared
with $8,348,610 for the previous twelve
months. Operating expenses and taxes
amounted to s6,09s, ,760, leaving net
sarnings sa sn Of ss,727.4s1, compared with
$3, lSO,187 for the same period of 1916
and 1917. Interest charges were $2,-
007,s14, an increase of S136,431 over
the corresponding months of the pre-
ceding year. Sinking fund requirements
We're 1878, ,018, after which a balance
totalled s1,s4s,59s, against $685., ,5s4 for
the same period of the year before.
Quincy Mining Company.-Statemen
for the year ended December 81, 1917,
shows total earnings of 5O,500,
compared with s5.400,s75 for the pre-
e%onsed es"ns Yes o against sSRessss
0a6 for the year before. Net earnings
were $2,0e3,725, compared with $2,7S5,-
ITO for the previous year. Other in
como was s52,3s6, bringing the total
income to $2,916,061. compared with
s2,s06.7s9 for 1916. Construction, etcA
was s406.794, against s4s,0s0 for the
preceding year. Net income amounted
New-York tribune., 1918-04-20

to ,2e7, which is equal to sS1'Ssso 81 sso5 (
share on 10000 shares OF s1ocn no ~or ~
par). compared with S2,I5e.o .ooSi n;r;. II.
S25.07 a share, earned IN 1910. nf a
dends were S1,9S0,o00, an increasee er. ~.
$4,000 over the previous year 9TH s
plus was $529,267, compared WV"
$99s,659 for the year before.
Colorado Power COmpany.-ine nc o.
nual report for the year endea D
cember 81, 1917, shows gross opera
ing revenue of $1,1s3, TAO, compares
with S1,020,309 for the preceding yessaaa' 10
Oneratine expenses were s5o1,4s''
Compared with s457 ,52s for the the pssI- p9cI
yious wear. Other income was Ssa'Soo..' 20.
bringing the total income TO s'oGl Total
compared with S600,2S7 for 1916. Low.
deductions were $350,930. leaving !.
surplus for the year of S35f,oo4, 'J, hs.
pared with s276,964 for the year D'
fore.
PHILADELPHIA and Camden Fe.H =.
Company.-Operating revenue ~, io,rted
year ended December 81 iast a.sy1r nos over
to $9S9,924, an increase OF ss-' 's 10" was
the previous year. Gross incosn'f Soo from,
$449,023, decrease OF soa'.sss vas
1910. DalanCe, 2ltci w e.,r, fhe
$32,97s, a decrease of sol, ,2S7 from '''
preceding year.
Virginia Railway and Powerths
company's report for the nine mear saru-
ended March 81 last shows gross, e..
inss of s5,4b6,46e, compared WI, WIN earn
437,395 for the year before. Me- 90 sa7..
ings totalled $2,495,70S. against ssi -, in.
256 for the previous year. io.Sn,.red
come amounted to $2,5s2 .bSa. 1911.
with s2,sss,s29 for 1916 ana was
Balance after taxes. interest =. ose .s66
sl,147,31o, compared with sls"sdine
for the same period of the preceo'A'
year. rha
Columbia Gas and Electric .hs t
company reports net earnings tol 3, 7s5.
first three months Of lsis 10 OF ovsr tho
573, an increase of .$l2,oll oss vear.
Surplus amounted to si,l7s,7oS' '.erss, e1c
pared with $I,181 $3.50 for tho ss
spending period of 1917.
New-York tribune., 1918-04-20

ANDREW J. MCCORMACK, Auctioneer.
REGULAR AUCTION SALE,
STOCKS AND BONDS.
By ADRIAN II. MULLER g. SON,
WEDNESDAY, APRIL "a, 1918.
at 1890 O'Clock. at the
EXCHANGE SALESROOM.
NOS. IA and 6 VESEY STREET
For Account of Executors
25 shs. Ancona Co. prefd.
sh. Manhattan Real Estate Assn.
Shs. Merchants Real Estate Assn.
l sh. Louisville Property Co.
$1,000 Pennsylvania Utilities Co. 6T Notes,
1926.
sl1, 900 New Mexico Colorado Mining Co.
$50 Bonds, 1861.
$4,000 New Mexico Colorado Mining Co.
so Income Bonds.
so shs. Metropolitan Street Ry. Co.
40 shs. Orogrande Smelling Co. prefd.
100 shs. Orogrande Smelling Co. COM
20 shs Williams Automatic Machine
1000 shs. Colonial Silver Mines Co.
5000 shs. Jupiter Copper & Gold Min"s
Co.
500 shs. Champion Button Hole & Ma
so shs. U. S. Lumber & Cotton Co.
shs. n. Y. Building & Improvement
sh. n. Z. Building & improvement
CO shs. New Mexico Colorado Coal
Mining Co Sundry Notes amoume. ia,,an.
ing to S9,496.17. List at auc''oA'
GERS office.
For Account of Whom 1t May Concern.
co shs. Central Trust Co. m
IA shs. National Liberty INSURANCE ~
$1,000 Danbury &. Bethel Street X. H. Adv
Refdg. Mtg. 30 Bonds, 1913. .r.-t.
$4,000 Westchester & Bronx Title q A0s psr,
gage Guaranty Co. $50 Mtge. fs'-
ticipation Gifts. 1922. nj
so shs. Knickerbocker-W Wyoming W.
Co. prefd. ,a
20 shs. sRegal Motor Car Co. prefo-
New-York tribune., 1918-04-20
Better Copper Price Sought

1t developed yesterday that the con-
ference scheduled to take place in
Washington on May between copper
producers and refners and government
officials will have to do particularly
with discussions of an adjustment of
existing contracts between the mining
and refining companies Earlier in the
month representatives of the refiners
told the Federal authorities that they
are losing. money on their present con-
tracts, pointing out that if a price of
70 cents pound were fixed for the
metal after June 1 producers would be
enabled to meet the increased cost of
refining. This has been estimated at
between one-half and three quarters of
cent pound