davidaulloa/AmericanStories huggingface dataset:
Daily capital journal. (Salem, Oregon) 1903-1919, 1918-01-10
STOCKHOLM FAVORED
FOR. MEETING PLACE
Trotsky Promises Soldiers
He Will Truly Oppose
peace at ANY Price
4 = u y y Il y 4 4 = y = x
RUSSIA AND BULGARIA SIGN

Berne, Jan. l0.-The newspa-
per Der Bund declared TO-DAY
; that a separate peace between
, Russia and Bulgaria had been
; formally signed.
The announcement was con-
. tanned in quotations from
speech delivered to the Bulgar-
ian sobranje by Premier Radios
lavoff. He read telegram from
l3rest Litovsk declaring:
e'The war between Russia and
Bulgaria cease. The economic
relations win be resumed. Rus
sia recognizes Bulgaria's right
to nominate a delegate in the in
ternational Danube commission
Premier Radoslavoff com
mented that this was "the first
peace concluded in the war with
; Bulgaria Is allies consentin. 2
Dispatches here also said
minister had been named by
, Bulgaria to proceed at once 70
{ Petrograd.
Daily capital journal. (Salem, Oregon) 1903-1919, 1918-01-10
SECRETARY OF WAR
BEFORE COMMIT TEE
TELLS OF Army WORK

Americas Progress In Raising and uung Great Arnv
Has Never Been EquaTedVast QnASies Of Supplies
Purchased and Much Of It Delivered sunitiOns and
Equipment Coming RapidyHealh In Ca 3 Improving
Million and Half of Men Now Under Arms
Daily capital journal. (Salem, Oregon) 1903-1919, 1918-01-10
LIES AND INTRIGUE ARE
KAISER'S ONLY RESERVES

READY PROVE THAT MAN POWER OF CEN
TRIAL POWERS AND BELIEVES 100000
YANKEES WILL VICTORY ALLIES FRITZ WON'T
DITCH SAYS
Daily capital journal. (Salem, Oregon) 1903-1919, 1918-01-10

UNITED rPess Staff Correspondent)
Petrograd, Jan. 10.-Ukrainia and
Russia have joined hands in the peace
negotiations with Germany.
Dispatches received from Brest-Ldtov-
SIX today expressed firm conviction that
with united front shown by all hus-
CONTINUED on page two)
Daily capital journal. (Salem, Oregon) 1903-1919, 1918-01-10

(Note:-The following signed letter
from G. Stanley Sedgwick was
printed in the New York Times,
without comment. The Times gives
considerable space to Mr.. Sedg-
wick's articles and communities
tions, which take more optimistic
view of the war situation than is
general in official circles.-Editor.)
Daily capital journal. (Salem, Oregon) 1903-1919, 1918-01-10

~ ~ ~ **%*<+%<
Daily capital journal. (Salem, Oregon) 1903-1919, 1918-01-10

CONTINUED on page twO)
Daily capital journal. (Salem, Oregon) 1903-1919, 1918-01-10

Continued on page three)
Daily capital journal. (Salem, Oregon) 1903-1919, 1918-01-10

Oregon: Tonight
and Friday fair
and warmer, ex-
cept rain north
west portion Fri
day; fresh easter
ly winds.
Daily capital journal. (Salem, Oregon) 1903-1919, 1918-01-10

Continued on page four)
Daily capital journal. (Salem, Oregon) 1903-1919, 1918-01-10

CONTINUED on page two)
The sun., 1918-12-10
NATIONS HONOR ROLL


s,,,-u w1iiam w, Newtown tM).
ssoortFHERN EdTard; Kansas Kansas C ,ss CwsI.
sPGRks, Aley D. 81 Joseph Iws)'
sPIRBBst . 4, 9'j g. r. 81, k soais ,@ SH,
ssTrEt;f.f HI,rry H.. Kansas City (Ml.
SETHEN's1 ~, Hugh. Dean Like tM).
sTgoBI.E, Albert, St Louis tNJ.
sitrF.A MI e. st. Joseph (Kl.
EATER. uscar, st. Louis (wS).
TGiLoR. Tickle; Blodsett tW1v,
II1lI,.f..s 4 lwrence L.. Kansas city lw).
~ fESTt3 :, Lowell j.. spickard (wJ).
III, M3s j ohm 81, Louis (MD.
Iii SlNAN, Marshal E, Joplin tMl.
,T.ttil MAS. ,Anth ony j., st. Louis tk).
iyR I Iosi Nh. ONly (M).
yrS1 i'll, II an u, stahi tM6:
MI san usi Jones. Faucott (w).
~ tt,,I YRS. william W.. ST. Louis (w).
WTiGII a cnry, st. Louis tM).
~ III iR Jscnr, Dudley tM).
wrNTE, Ci aries D.. whcatland (wS>.
SSIII>TE Nj rshall, Bernie lMl.
WHiTLilY., David Jr., 81. Louis tM).
WILEY ~ )ert L., ST. Louis Jw).
WISDOM, I 'raneis ConErave. ST. Catherine
rnNi'sEy, William L., Eirus Cw).
MATT, III nbert, Mercer (Ml.
INK 10 us F.. st. Louis (K).
MONTANA.
CATION, Cyrus John. Lieut.. Bozeman
,oiiNsoN, Frank. ssrgt.. Ekalaka (w),
RAALkE, Mort George, corp, Hinsdale
utESslR, hllif4n A., dig sandy tws).
1ECNN y 1t1gheld L., Phi.tpsburg (W).
''6CkKILl Mark r.. Great Tails (WUl.
DJFFY, " tiiam D. Canyon Creek (W).
PERREEbENB Tao. Harriscn K. kSiispeii
FREEMAN, Harley b.. Freedom CwS).
pIPRINGT on. Tohn j.. Butte (wb.
HENNEssY, James,. Thompson Falls twl.
HJsTEDDE, ANON. Campbell (M).
EEHREs, Z taTlel yohnstowa wv.
Ia DUKE, 'eorat, Miles City (M).
HII,I.ER la ri L., Turner tw).
pEcKHHM, wnIl am E.. Jr,. Mount Yer
non (Wl.
RtMiANO, { harlt A. Dean CwS).
TRANSETH, Mar in, Westby (M).
YATES. Fred, Syt es (N).
Nh BRASKA.
ROBERTSON, IL Abert s.. sergt., Lyons
The sun., 1918-12-10

oPrNDORF. William A.. serEt. Glenrock
tNVVN
rrOTU 1oh- C. corn Horton M.
WI 'N'eNN duncan corn Raw'irs VS..
APNcToONG Charlie y P~"n,n W..
CIi', ny NE INsn-h c pnHa,o tMl.
CROW Tohn Sheridan wv.
ITT"~C T.au Pock Sn-'ngs w.
NII.DIRN Iosanh w Rock SnrinEs (MD.
The sun., 1918-12-10

| MONTGOMERY. Jack. ssrgt, Portland
crane, Walter C. Ailsseny tD.
| McFEnRlN. Guy II, Heppner w.,
| roLIOuDAKIs, John, Portland LwN.
sToCKMANN. Leslie Il. sprtnghrook twO.
| sTREETER. Arthur C.. Creswell tws).
wOoDwoRTH. Thomas w. Milwaukee
zEGENpER, John H.. Candy CwU).
PENNSYLVANIA.
BATTLES, Frank r. Capt. PhilAds'phis
sSFf4H f a.4a; B. f tsa infa aS
| oiLPiN. Edmund w. Lieut.. PAnad.lphiu
HAzLETT. Thomas f., Lieut. orssnsours
MosIER. Everett b. LAsut. PAnAdslphis
RosEN. Tn.odorN lieut. rnilAdslphi.
sAYREs, Arthur r.. Lieut.. S1n MAwr
DAVIES william C. ssrEt.-mNJOr. Pitts.
BERfnAM. Philip NJ. ssrst-. wukesbarr,
cHHNpLBR. Harry. ssrgt. PhIlAdsiphis
COLLINS. ciGrsnOs l.. SsrEt.. sunSury
COULTER. Robert L.. ssrs,- wArstOn
Dickson. ThomAA ssrEt. PhilAdsiphis
FITzGERALp. Joseph n. s.rst.. PhiiA-
oAUss, George NJ. serrt. My,rs,own tw).
GEEsEY. William f.. sersL, DAllAs,On
GRAHAM, Walter C.. ssrst. Pi,,sburs tK).
| HUGGlNS, John c., serGt., 0ibsonia (K)
KENNEDY. Frank NJ, serEt'. NOrristown
KLINE, oliver n. s.rEt.. Bsrnviils tM).
| LERCH, Byron D.. seTGL, Chester (Kl.
McLAUdHIlN' George j. ssrst.. Philadsl-
NJ kssicK., Arthur X. ssrEI. POin, Mar
oERLAMANs Louis. ssrEt. Philadelphia
pATTrTERsoN. John D.. ..rs,. phiiad.l-
R4RERG' Edwa.d J., s.rs,. Warren tw,.
sHEDLACK. Joseph Michael. ssrgt-. Utah
sp T.i's disER o.ors. NJ. ..rs,, Lop.. tws,.
| THOMPSON. Thomas W.. sergt., quarry
TUCK, Alfred Gillian. ..rr,. wrt..S.rr.
gAThR, Paul r., corp. Younswosd Iwu,.
CALDWELL. william L., corp. Powell
cAusEY; Joseph H.. Jr.. CORP. PhiIAdei-
cLEwELL: Charles W. corp, Ts,amy tK,.
DEMARRE, Joseph Paxton. corp, Blooms
DRIVE. Morris C.. corp. Lebanon tK).
| FORKEIA Raymond, corp, Jermrn (wSl
| FRANKEI- Abraham. corp, Philadelphia
FRANKS. Harry J.. corp, Reading CK).
| GRILL David, corp, Philadelphia (WS).
GRGEE, Lanls X. corp. Lancaster tKl.
burg (W).
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1918-08-26
LIBRARY BULLETIN

New books recently received al
the Library:
Atterton- White Morning.
Bosher-Kitty Canary.
Bindless-Girl from Kellers.
Bower-Cabin Fever,
Cooke--The Threshold.
Endicott-Carolyn Of tho Cornel g.
Gray-The U p Trail.
Huard-My Home in the Field Of
Mercy.
Kerr-Golden Bloc.
Martin-Fanatic or Christian.
Notwithstanding Beggars.
Porter-Oh, Money! Money!
Scott-Mary Rcgan.
Stanley Miss Pins Camouflage.
Herself, Himself and My.
self.
Wells-Yicky Van.
Weston-Apple Tree Girl.
White-Simba. Fl
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1918-08-26
Juvenile

Ames-Under Scout Colors.
Altsheler--Great Siuox Trail.
acknowledging His Course.
Hitting the Line.
Brown Surprise House.
CollinsBook of Wireless.
How to Fly.
Crump-Boys Book Of Mounted Po
lice.
Dyer-Daytime Story Book.
That's Why Stories.
Deckinson-Childs Boo kof Patrl
otic Stories.
Observation-Disclosures.
X-.tr2o- X-.t12o- Little Lost lady.
Lange-Lure Of the Mississippi.
Paine Mr. Turtles Flying Adven
ture.
Mr.. Rabbits Wedding.
Peattie-The Newcomers.
Lotta Embury's Career.
Pief-The Plattsburgers.
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1918-08-26

(C0nllnued FROM rage OheJ
necessary to shut down for boiler
repairs The opinion expressed by
the oil men is that casing will be set
on this rock in anticipation Of drill
ing into an oil sand after passing
through the present formations.
The rig Of the Dempsey Oil and
Gas company which has been moved
to 93-1-5 is in place and everything
is ready to spud in. This well is due
to be spudded in today or tomorrow.
The shallow well of the Lomore
Oil and Gas Company is on the sand
and is expected to drill in at
feet
The Eagle Falls company drilling
in No. ? well in 1925 is finding
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1918-08-26

formations running in accordance
with the log of No. l and has en-
countered good showings of both oil
and gas.
Douthitt and MELTON No. in 2S-
"a are expected to go into the 500
foot oil sand before the close of the
week
The Texas company in 24-2-4, the
Gypsy in 1924, the 77-Bar in "a
"a and the Southland in 1924 are
all drilling at various depths that
were not given out
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1918-08-26

Canned Tomatoes
( Stand 20 oz. .147 l6 to 17K
Canned Corn
/ Stand 20 oz. III .l5A to II
Canned Peas
stand, 20 o.. ll1a .l6 to tl7H
Canned Salmon
Tall pink Alaska,
10 o.. can l75 .22 e .23
Tall red Alaska
lG oa. can .25 80 to .s2
lyaporated Milk
o.. can .os .oS to 10
l6 o., can 1l6 IA to Is
Milk, bottled
Per quart .l2A l2h
Butter
Creamery As 80 to 80
Country As so
Eggs
Per doz. IS 40
Cheese
Per b. n 80 to .a5
Bulk rvs rs .a3 to .34
Substitute .24A .2S to 80
Bacon, standard
Sliced so .a8 to so
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1918-08-26

II you have lost anything put a
want ad in the Daily Express.
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1918-08-26
Quotations Fair
Price Committee
Chickasna. Grady county, OKLA,

August 81, 1918.
After careful investigation by the
Fair Price Publishing committee the
/ following estimates have been found
! just and equitable to both wholesaler
and retailer based on this weeks
market prices:
/ The fair price committee was ap-
pointed without any solicitation for
the job, and the government expects
1t to do its duty.
The prices listed below are figur-
ed on the percentage basis as per
the order Of Mr. Hoover The com
mittee solicits the cooperation Of
all parties concerned and with the
proper spirit exercised much good
may be accomplished.
1t is tho duty of the consumers to
report Of the fair price committee
when required TO pay more for mer-
chandiso than the prices mentioned.
The minimum prices are for cash
and carry stores and the maximum
prices is for credit. solicit aud de.
liver stores:
Wholesale Retail.
Flour
"a lbs. S1.34 $145 to $3.50
As lbs. $265 $3.50 to S2.85
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1918-08-26
gd|El ] %
= = q ~ Z
l;E'Els

rar d. .s7A 80 10 %
Pork Chops
Per lb 81 .a5 to 81
Ham, smoked, sliced
Per h. "a AZ to .46
Round Steak
Per h. 80
Fish fresh
Per ID. .2SH 30
Bran
Per 100 lbs. $3.50 $l.eo tos1o5
shorts
Per 100 lbs. $19O $500 to s2o5
Corn Chops
Per 100 lbs. 1886 $4O5 to $415
Signed:
Fair Price Publishing
Committee.
G. w. Austin, Ch'm'n
0. C. Cooper.
j. B. Barnes,
Arthur Ersland Sec.
On June rs you made a solemn
obligation to invest your savings in
War Savings stamps Are you full
filling that Obligation
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1918-08-26
RAIN PUTS OIL
WELLS IN MOTION

Continued From Page one)
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1918-08-26
Place For a Refinery
ON. Proposition is Approx
ed as an Essential Industry

We hare Just received ddUices that the
CAPITAL Issues Committee at Washington hos
placed the Stqn.n of approval on the ChickasItd
Refining Co. as IUdr industry This commit
tee lOGs dppOipted by the Federal Government
for the purpose of needing out the stock selling
schemes and the industries passed by this com
mittee may be relied upon to be safe and sound.
Rigid Investigation is made in all cases and all
but the necessary industries are rapidly and
lOithOut favor needed out.
The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1918-08-26

4tVGiting the report of The Capital Issues Com
mittee. In the meantime the railroads hare
been busy delivering or stees f0F construction
of our plant. This steel, as lUett as other nt1te-
ridt IDaS purchased last May. Much of that
material has GdUdnced in price 80 I-3 per cent
and it is doubtful if the steel could be obtained
HOIO at any price. Material for our plant is on
the ground, and IN transit, and IOOrk is pro
crossing.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-01-06
When the Market
Went to Smash

The real panic got into full swing
October IL. Famous bull leaders, by
[ idding for stocks, gave the impress
sion that they were supporting the
market. but they seemed to buy as
little as possible on balance. They
we're probably loaded down with
stale supplies The marke. went to
smash. 1t became necessary to close
the exchanges temporarily in order,
it was said, to give the bookkeepers
a chance to catch up. 1t is likely
that one Of the principal reasons
was to collect the enormous margins
due the exchanges. Stocks had
broken from 10 to SO points. 1t was
reported that the bulls on the Osaka
exchange alone were compelled to
deposit margins OF two and half
millions against one days shrinkage.
During these panicky times the
papers reported that one of the
great profiteers had been driven to
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-01-06

$4,000 shares of -. @. r. If it goes
down, stand TO make a million, for
/ shall plunge on my profits. If it
goes up, can't lose much, for /
have nothing but my seat. and that's
mcrtgaged. No need for me to
worry! Let the other members do
the worrying. Let's have another
drink" He was reported to have
nn.de his million later, but the rogue
talked too much. He lost it.
A few years ago a veteran Aryan
stock manipulation wrote book dis
closing the possibilities Of this sort
OF operation. He was ridiculed by
floor brokers, good and true, who
could not conceive that any member
OF such high-class clubs as stock ex-
changes could bring himself to do
such dirty work. 1t is inconceivable.
But stranger things have happened
in the most exclusive clubs. The
French people, with their hundreds
OF years experience with bourgeois
human nature, as we'll as with the
high spirit Of the noblesse, deemed
1t best many years ago to make ali
public exchanges part of the gov
eminent and all exchange members
officers Of the government; also, to
provide that the governments scru-
tineers should sit at the head of the
table When companies are to be
formed and securities to be issued
In France the restrictive laws were
passed primarily to protect the pub
lie. | have never heard a banker or
broker complain of these legal re-
strlctions. French corporation and
stock exchange laws might be said
to be equal to the best in the world
Many conservative bankers in all
countries would like to see this ex-
cellent code copied in detail.
Great economic changes are being
effected everywhere. 1t is idle to
blame bears, or bulls, or any partic-
ular interests for archaic conditions
ard for every panic in speculative
stocks. Blame the public for oil the
wrongs. Censure the people for not
supervising what has become one of
the most important functions of
modern economic life-the issuance
ard wide quotation of billions OF
paper tokens or securities which
represent most or all of the hard
earned wealth of q great number of
frugal people. Put the blame square
ly on the public for its wilful ig-
norance, ana its actual pride OF
ignorance. A bank president re.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-01-06

desperation and had drowned him.
self in the Osaka River. 1t was said
that he had made an incredible Num-
Der OF millions in the bull markets
in the past three years, but that
no had lost in the panic not
only all he had in the world
but nearly twice as much more.
One might have expected to read
in the morning paper at least a
half-page illustrated write-up eX-
telling the merits Of this great
leader Of high finance and giving his
history from boyhood days. In Ja-
pan, however, things still seem to be
quite different. There were only a
few paragraphs, referring to the I'M
fortunate speculator as q narikin
who had played a big gambling
game on the stage of life; had gone,
but had left some little good behind
him in the shape Of a hospital do
nation when he was at the height Of
his prosperity. They seldom knight
the narikins in Japan; neither do
they feature them in society COL
umns. If mentioned at ALL thes.
ephemeral leaders of finance are apt
to be spoken of derisively. The Jap
arese still have many gods-as
many, perhaps, as the Greeks once
had-but in Japan, | think, they
have not as yet set the little gold
image high above the others.
One Of the English-languagc pa
pcrs made the following pithy COM
ment anent the panic: "Enemoto, a
famous funarikin (newly rich ship
ping MANI, bulled the stock market
last year to a point where Iwanoto
was driven to commit suicide. Now
Elomoto is bearing the market"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-01-06

one Of the most important. The man.
ufacturcrs Of new industrial stocks
had almost kept up with the insa-
table public demand. All sorts of
reasons for inviting new capital had
been given. The directors of one
great commercial company had go
hcrly announced that their company
would have ample use for large cash
capital after the war, for the pur-
pose Of requirements and expansion,
and that they deemed it wise to get
The capital from the public at once,
as the public might not have the
money after the war. In spite of
such charming candor, there are
those who will tell you that the Jap
anese are secretivc, and even not too
truthful. Would that every board
Of directors in the world might en-
press its true motives as directly,
without unnecessary circumlocu-
tons! AS l recollect, it seems that
this Japanese company, which en-
joys the confidence Of every one,
easily got the capital it asked for.
Ely the end Of October the volume
of new securities, mostly industrial,
issued in ten months of 1917 had
reached the astounding total Of
about a billion and a quarter yen,
compared with less than half a bill
ioil in 1916 and only about two hun
dred millions in 1915. Was this in
Aation?
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-01-06
PAN TASTES OF THE BITTER IN "GOLD FROM THE TREES

sentative business men Of Japan had
scnscd the inherent dangers fully a
year before the crash and had sold
out their speculative stocks. Indus-
trial stocks had got so high and
scarce that there we're hardly
enough to 90 around. They were
dangerous in loans. More and more
stock had to he issued, if the specu-
lative fervor was to be maintained
1T the record level. This was "stra-
tcyic necessity"! Finally, in Octo-
Der, the speculative stomach was
found to be chock full Of new green,
blue and red industrial certificates,
covered with wet inh-most of them
undigested and possibly indiges-
tible. That might have been the
reason why the short seller was not
hunted out and made goat. Even
the goat could hardly have digcstcd
the mass!
Gambling on
Thin Margin
During this panic there was, in
deed, reason to believe that the COW
ering of shorts during the progress
Of the decline was the very thing
which saved the situation from utter
decentralization. Had there been
scarcely any existing short interest
at the time, stocks might have fallen
almost rpendicularly until support
came IN from cash bargain hunters,
who ere provcrbially slow and de,
liberate. Had there been no potcn-
tial bear buying power, sudden
calamity might have broken down
the machinery of the exchanges and
forced them to close for weeks or
months. Other countries have ex-
perienced such sudden dcmoraliza-
ton.
1t must be remembered that bear
traders operating through these
governmentally incorporated mar
Nets, as we'll as the perfectly respon-
slblc bear operators dealing through
unregulated stock exchanges in
other countries, are fatty to be diff
ferentiated from those few irrespon-
slble soldiers of fortune who, pos
sessing seats on unrestricted mar,
Eets, might be tempted to go in for
days killing at the expense and
risk of their fellow members. Eign.
teen years ago a narikin operator in
one of the large Caucasian cities
was heard to remark at time when
he was flushed with success and
soda: "Well, I'm short tonight just
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-01-06
BY Herbert Fitch
tcopyrisA., 1914. by The Tribune Association

fCopyrlss. 1910. by The Tribune Asscciatonl
Nara, Japan.
IERE, in ancient Nara, among
the temples, one has q sense
Of being far removed from the
turmoils of stock markets, yet the
,.crning paper brings me news of
panic On the japanese exchanges.
In Japan there are three impor-
t;,nt stock exchanges, together with
smaller ones. There are also rice
AID other commodity markets. The
annual turnover at Toxic, Osaka and
Kobe compares favorably with that
Of other countries. The exchanges are
incorporated under government res
Citations. Their shares are quoted at
very hiea prices. Toxic Exchange
shares sold on October 20 at about
four times par, or, we shall say, at
about 800 per cent, with dividends at
the rate OF Is per cent per Annum.
Spectators margins are deposited
with the exchange corporations. In
this way margin traders are protect
el by thuse strong institutions op-
Grating under government charters.
In the Toxic list Of October 20 l
counted 1913 stocks. In addition, there
was a great number of bonds. No
railroad stocks werc listed. Govern
mont railway bonds were quoted, and
wsr- in good demand, even during
panic periods. The list covered bank,
Insurance, tramway, electric, spin
ming, sugar, exchange, brewery, gas,
steamship, petroleum. mining and
miscellaneous stocks.
Many Of these shares have been
paying almost incredible dividends.
Stock Watering
Restricted
Although large issues of new in
dustrial stocks have been made, stock
watering has never been permitted
to tho extent known in those coun-
tries which have favored the capital
ist to a greater degree and which
have neglected to give adequate pro-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-01-06
Stock Exchange Pancs Of Last Fall Teach People Of the Mkado
Realm That War Prosperity Gives Rise to False Sense Of Well
being and Pofteerng Does Not Serve Solid Economic
Foundation for the Upbuidng Of Nation

SUNG Observation-Disclosures bank loans,
great issues Of new industrial stocks,
less interest in the small economies Of
operation, less efficient labor. higher
costs of materials, almost doubled
living costs, and, in general, a much
lower moral standard, set by some
OF the new profiteers and followed, as
closely as incomes would allow, by
their satellites, ami even by the
workmen themselves. Old frugality
soon went by the board. The mari
kins, "those whose gold dropped from
the trees" became very careless of
that which was so new to them. Some
Of the more boisterously inclined Of
the older rich Joined the fracas. Ho-
tel Hobbies were crowded after mar
ket hours. Nightly oanquets were
given at the large hotels, sometimes
several in one night. Expensive
geisha ladies usually furnished en-
tertainment for these new connois,
scurs. Thin, ';plaintive" voices, with
thinner music, could be heard gratis
hy weary travellers far into the
morning hours. No cheap rice brew,
known as sake, was opened at these
big affairs. The most expensive
French champagnes were none too
good. A tip Of 10000 yen, equal to
$1,000 at prevailing exchange, was
said to have been passed out at one
important narikin affair. The SER
wants, in turn, drank no sake, and
did no work, for some time there,
after,