davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1918-07-20
China Borrowing
Depends Upon
u. S. Attitude
State Department Opposed to
American Loan Until Op-
tions Are AbroQated

Washington reports to the effect that
this government has agreed to loan
to China by American bankers, provid-
ed all existing Chinese loans were can
cellcd. were declared to be misleading
by bankers here who have taken part
in the negotiations with the State De-
partment.
"What was probably meant" said q
banker yesterday, "was that the United
States government desires that all eX-
listing options on future borrowings by
China must be abrogated before new
loan financed by American bankers will
be undertaken with the approval of
the State Department. / do not think
there is any intention Of cancelling
loans already made to the present Chi
nese government. except what might be
arranged in refunding operation"
Although the details of a loan to
China are yet to be worked out, it is
expected that the actual funds will be
forwarded by the United States and
Japan with the signatory approval Of
France and Great Britain. The Ameri-
can end of the transaction is under
the direct supervision of banking
groups from New York, Chicago and
Boston.
In the New York group are J. P.
Morgan & Co., Kuhn, Loeb & Co., the
First National Bank. the National City
Bank, the Chase National Bank, the
Guaranty Trust Company and the Ma
tional City Company. Lee, Higginson
& Co. will look after the Boston and
New England end and the Continental
and Commercial Savings and Trust
Company. Of Chicago, represents the
Middle West.
Although s5o,ooo,ooo has been men
toned as the amount of the loan, this,
according to bankers. has not been def
nitcly decided
New-York tribune., 1918-07-20
N. 7. Leads in Capita Debt
Amounts to $176.22 for Each
Inhabifant

WASHINGTON, July 19.-American
cities spent more during 1917 than
they raised by taxation and other
forms of revenue, Director Sam l..
Rogers, of the Bureau of Census,
states, IN report covering the 219
cities having more than 10000 popula-
ton. In 129 cities the excess of ex-
pendltures over revenues amounted to
S69, ,461 1852, or $3.50 per capita. In 90
cities revenues exceeded expenditures
by S26,976,929, or $1.75 per capita.
Net Indebtedness of the 210 cities
aggregated $685., ,SS2, ,507 an average
Of Sits for each inhabitant. New
York has the largest per capita net in
debtedness. S176.22 per inhabitant.
Philadelphia is next in total net in
debtedness, but ranks low as to per
capita Indebtedness. with an average
of s70.97. st. Louis and Chicago have
low per capita Indebtedness, $25.O7 and
$3.50, espectively.
New-York tribune., 1918-07-20
News Digest
Foreign

London Market Cheerful.-LONDON'
July 19.-The stock market to-day, re-
spending to the excellent war news ana
the rise in New York yesterday, DIS
played increased cheerfulness and con-
fdence. Allied bonds, especially lrisn,
French and Colonial, were marked
higher, and the leading oils, shippinss
and Peruvians were prominent. hon'
rails were assisted by increased dlvi.
dends, while Marconi and armament
shares were the best of the industriaH'
Money was scarcer. necessitating DOT
rowing from the Bank Of England. pi''
count rates were steady.
Paris Market Active-PAR1S. July
l9.-Trading was active on the bouIs.
to-day. Three per cent rentes soio a.
81 francs 80 centimes for cash. Sn "a
change on London was q francs =, :,
confines. Five per cent loan brought
SS francs 55 confines
New-York tribune., 1918-07-20

the public was fair one under present
money market conditions.
When asked his opinion regarding a
provision for converting the notes into
first mortgage per cent bonds at 871a
Mr.. Schitf said that the success of such
plan would depend on the condition
Of the bond market at the end of three
years. He also stated the duration of the
war would also be an important factor
in determining the feasibility Of the
proposal. Asked if the conversion feat
ure was desirable under existing con.
ditions, he said:
"Everything is of value. You must
offer to-day every possible inducement
t. the investor"
New-York tribune., 1918-07-20
Current

The above rates express the cost of
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling at. say, s4.75as. The intrinsic
parity is $4.S6Ss per pound. Thus you
say either that pounds are at dis
count or that dollars are at premium,
winch 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., 1918-07-20
War Wool Work Increases

BOSTON, July 19.-"The CONNER
clal Bulletin" will say tomorrow:
The valuers under the government
plan are getting we'll under way on
the new wool clip valuations and ship
ments to the mills are increasing. The
new clip is coming forward from the
west IN record time. A substantial
increase IN the quantity of machinery
engaged on government orders is re-
vealed by the July / returns of the
National Association of Wool Manu-
facturers.
New-York tribune., 1918-07-20
S)oss-Sheffield's Earnings

With declaration by Sloss-Shetfiel
directors yesterday of the regular
quarterly dividend on the common
stock, it was announced that the COM
pany for the first five months of the
current year earned S2,3OO,O0O, or at
an annual rate of $51 a share on the
junior shares after preferred dividends
and taxes figured under the present
law. April and May revenue were
somewhat higher than those of the
first three months, which averaged
slightly more than 100000 a month
1t is expected that earnings for the
last half of the year will be smaller
because Of ascending labor and freight
New-York tribune., 1918-07-20
Dividends
Extra

Ludlow Manufacturing Company
An extra dividend of 81, in addition to
the regular quarterly dividend Of
S160. Both dividends are payable Sep
tember l to stock Of record August l.
J: G. Brill Company.-Regular quar-
terly dividend of l per cent and per
cent additional on account of accumu-
lated dividends, payable August to
stockholders of record July %.
New-York tribune., 1918-07-20
War News Affects Paris Notes

City of Paris 6 per cent notes, which
were SO strong on Thursday following
the news of the successful Franco
American counter offensive, advanced
still further yesterday. They opened
at 80, up 3$s points. On subsequent
sales price OF 89A was established,
but the bonds sold off later to 81, clos
ing at 87s4, compared with 855s the
day before. Anglo French per cent
bonds were firm.
New-York tribune., 1918-07-20
Fair Terms to Public
P. S. Commission Hears Bank.
ers on Note Prices

James Speyer and Jacob Schiff, at the
final hearing yesterday before the Pub
l!c Service Commission over the appli
cation of the Interborough Rapid
Transit Company to issue 39,476, ,000
three-year per cent notes, stated thar
the proposal 10 issue the notes at 95 u
to the bankers and at 9Sla or 9S5s to
New-York tribune., 1918-07-20
Chicago Expects to Take
$1OO,OOO,O0O in Certificates
Especial Dispatch to The yy

ISpec'0I Dtspatch to TIE Tribune)
CHICAGO, July 19.-The time during
which subscriptions will be received IN
the seventh Federal Reserve District
for the latest issue of Treasury certif
Gates of indebtedness has been az
tended few days Subscriptions for
S3,OO0,CG0 We're entered Yesterday. The
total will probably reach SlOO. 600 600
New-York tribune., 1918-07-20
Investors Buy Rail Shares

Investment buying is said to have
appeared in number of railroad
shares in recent days. On Thursday
there was cash buying of Union Pa
cific. Yesterday Pennsylvania Rail
road stock was unusually prominent in
the dealings. Trading in that issue
aggregated a turnover of $500 shares
with a price range of ID to 437a.
New-York tribune., 1918-07-20
Confer on Plea to Abolish
Export Bills of Lading
(Specinl DiSnntch To I

Especial Dispatch to The Tr7bunel
CHICAGO, July 19.--The Bureau of
Foreign and Domestic Commerce has
arranged a meeting here between hank
ers and shippers located in the West
orn and Middle Western states TO con
slider and report on the proposal to
abolish export bills Of .adng from Chi
cago. The railroad administration has
asked for a report on the question.
New-York tribune., 1918-07-20
Other Declarations

Trenton Potteries Company.-The
Trenton Potteries Company declared
a dividend of l per cent on tie pre-
1erred stock, payable July 25 to stock
of record July IS.
Bourne Mills Corporation.-Th
bourne Mills Corporation declared a
elvldend of 5 per cent, payable August
l 20 stock Of record july II.
New-York tribune., 1918-07-20
Two Appointed Receivers

TRENTON, n. j.. July 19.-Formss
Governor James f. Fielder, of Jersss
City, and Newman Erb. of New iois' '
were to-day appointed Federal reeeis,
ers of the British American Chemless
Company. Inc. a New York corpolss -
tion with a manufacturing plant -
Ridgefield Park, N J. Emtrey W. Ssd ~
phenson, Of Ridgeheld Park, VIII
Claims of more than $4,000 for wages
applied for receivers.
New-York tribune., 1918-07-20
Relevant Comment
Large Reservoir of Capital

Ready absorption of new security
issues by investors indicates, according
large reservoir Of capital waiting to be
tapped despite the heavy borrowings
Of the government. The issue of $10,-
100000 of five-year per cent notes of
the, Cudahy Packing Company, offered
early yesterday by Lee, Higginson (
Co. on yield basis of slightly better
than 71a per cent, were all sold by
night.
New-York tribune., 1918-07-20
Cotton Commission Rate Stands

Proposed amendments to the New
York Cotton Exchange bylaws affect
ing the rates of commission were de-
fcated by a vote OF the members yes
terday. The present rate of $40 for
buying and selling 100 bales, which
now applies to non-members, will
stand.
New-York tribune., 1918-07-20
The Dollai in Foreigz. Exchange

The foreign ex hange market was
again unresponsive to the influence of
the favorable war news yesterday, and
no significant changes in the quotations
were registered. Swiss cables fluctu-
ated narrowly, and the general list re.
mained steady. The market was again
relatively devoid of activity.
Closing rates yesterday, compared
with u week ago, follow:
Quoted dollars to the poundA
New-York tribune., 1918-07-20
5000 Freight Cars for France

Government orders for railroad
equipment to be used as an aid to win
ming the war continue to be announced.
One of the latest is a contract for 600
freight cars awarded the Haskell e.
barber Car Company for shipment to
France. The 1000 tons of steel re-
quired 20 complete the order have been
placed with mills in the Chicago dis
New-York tribune., 1918-07-20
Trustee Files Accounting

NEWARK, N. j., July 19.-The Fidel-
Ity Trust Company, as trustee Of the
DAILY Advertising Publishing Company,
to-day tiled an accounting with Vice
Chancellor Lane, showing $217,S41.20
claims. w
New-York tribune., 1918-07-20

London Money Market.-LONDON,
July 19.-Money was steady at pa per
cent. Discount rates were: Short and
three months bills, 1882 Gold pre-
MUM at Lisbon remained 10000.
New-York tribune., 1918-07-20

Below is given the current exchange
value of foreign money IN dollars and
cents, together with the intrinsic gold
parity. as calculated by The United
States Mint:
New-York tribune., 1918-07-20

Bank Clearings.-Bank exchanges at
the principal clearing house centres of
the country this week aggregated $5,-
S31, 1925, according to R. G. Dun g.
Co., decrease of O.5 per cent compared
with a year ago. Average daily bank
clearings for the year to date, COM
pared with the corresponding period of
1917. follow:
New-York tribune., 1918-07-20
Wealth Markets and Commerce

Federal Reserve banks on commercial
paper on ali periods up to ninety days
New-York tribune., 1918-07-20

Commercial Paper.-Brokers report
quiet market, with a small amount of
paper moving at per cent for the
best regular maturities.
Silver.-Bar silver in London was
4S7sd. unchanged; New York, 995sc,
unchanged; Mexican dollars, ne, un-
changed.
Sub bTreasury.-The banks lost s54,-
563 to the Sub-Treasury yesterday.
Discount Rates.-The following table
gives the current rates of the twelve
New-York tribune., 1918-07-20

THE CUDAHY PACKING COMPANY
Fve-Year TO Sinking Gold Notes
payable t " Tax n@ess"2%
OF
ss Ss xas ss "s s "1 1921 ss &s % j." s %
n%S S%SSsSsa SE ,sss%5% s5S5% ,SssS Hs$sS
Packing in packing house
%e United @ saa % @ % operated
Company will guarantee endorse
other bonds & d1te longtime % % notes % amnaT ] ss 5 ep f0 the
omiai these
Notes outang and further that during the & life . these h N4; Gs
cnefuld de6ned lint Agremen
qd chal $313ooooo than
amoun o these
squpmnp are valued than s13 100000
spt n % nded db % s % sn % oceo @ % s4 @ Gns % a.
funded debt including this issue These assets not md" any valuation Tor
Net profits s ddpg 9t ] cha F 5as 5 5 the ss ] y5 ended 0s H. M M
as % sed ass s7ss 600 s '' " 's's f'" ana excess prom"
average eha1s! @ e" " ABOVE '' " " 'S ~ '>"s 90 ~ " interest
dnepr o
Annual sinking fund 1879 the total No issued @ before
1920 1921 1922, thus $eoooooo o
cuisines as stead growth
Gro" Sales 1919 ses44ooszss soes44oszss
1919 1ssssGsss 1ss;sSSss
ENo1EF
Price SO interest, yielding 71zq5
HIGGlNsoN & CO. THE NATIONAL
ILLINOIS LOAN TRUST
"pumd Aecuu ua11wusco tnYmau
New-York tribune., 1918-07-20
Money and Credit

Money ruled firm in the local market
yesterday. At the Stock Exchange call
loans were maintained at to 6h per
cent most of the day, with moderate
volume of business being done on this
basis.
Offerings of fixed date funds were
scanty, owing to the present policy of
the banks to restrict the extension of
time commitments. Borrowers con-
tinued to bid per cent for loans of all
dates on both classes of collateral.
Ruling rates for money yesterday
compared with year ago, were as
follows:
Yesterday. Year ago.
Per cent Per cant
New-York tribune., 1918-07-20

Bank Acceptances.--Rates were un-
changed yesterday as follows:
Thirty Sixty Ninety
Spot de- days. days. days
livery: Per cent. Per cent. Per cent
E gil le
nj m b e
banks. :. .4h@4 4h@4I4 44s@4A
igibl "a
non-mem
Der banks.4A@41s 4aa@4s 4ss@4ts
] n e. ligihlc
bank bills.5A@4a4 5I4@4s4 5A@4s4
For delivery within thirty days:
Per cent.
Eligible member banks ........ 1Is
Eligible non-member banks. asa
Ineligible bank bills 6
Bank Clearings.-Bank clearings in
NnNU York and ho ntbor
Emmons County record. [volume] (Williamsport, D.T. [i.e. N.D.]) 1884-current, 1918-08-22
Braddock Brevities.

FROM the 2raddock News, Aug. Is.
j. D. McCusker and son Wilfred
were visitors at Bismarck Monday.
Merchant Jampolsky transacted
business at Bismarck last Thursday.
Geo. Sempel went up to Bismarck
Monday and on Tuesday went through
to Kuhn.
Mr.. and Mrs. R. X. Batter of
Hazelton were visitors at the E. F..
Savage home last Sunday.
Prof. o. 1. Shefoe, accompanied by
another gentlemen, were visitors here
from Linton last Saturday.
Miss Lucille Allen arrived home
from Bismarck last Thursday where
she visited several days.
Mrs. P. McHugh of Bismarck has
been here during the past week visit
ing her daughter, Mrs. j. D. Nc
Cusker.
Mrs. R. H. Thistlathwaite of Bis
marck is here this week visiting at
the home Of Nels Thompson near
Braddock and also Mrs. Lee James
Smith of near Hazelton. Mrs.
Thistlethwaite lived here when the
old Armstrong postoffioe was in oper-
alton a few miles north of Braddock
about 80 years ago.
Emmons County record. [volume] (Williamsport, D.T. [i.e. N.D.]) 1884-current, 1918-08-22

Tuesday evening, Auugst Is, 1918,
aged 81 years.
The Olmstsd boys received word
Wednesday of the death of their sis
ter, Mrs. A. B. Merriam, of Garth
age, s. D. Byron and Roy, accom-
paniad by their wives and Mrs. John
Olmsted. departed by automobile yes
terday to be present at the funeral
Isaac Boschker, Peter Dor, Jr., and
L. johnson returned from Minneapolis
where they had gone with the inten-
ton of cnlisting in the navy, Monday
evening. All offers to enlist are be-
ing refused until after the new draft
law is passed and the required regis
tration completed.
really pleasure to drive car over
such highways. After making the
trip, one from this section cannot help
but envy our northern neighbors and
hone that the power behind the
throne" will give the residents of
Southern Emmons equally as good
roads in the near future.
Val Loutzenheiser, better known to
old residents as Smokey" surprised
his many young friends here when he
landed from the train Tuesday eve
ming. 1t has been eight years since
Val moved with his parents to Cana
da and as this is his first visit to the
old town, many changes and improve
ments are noted.
Last Saturday afternoon the editor
and wife made au automobile Journey
to Bismarck, visiting and taking in"
the sights around the Capital City
Sunday and Monday, returning home
Tuesday morning. The distance from
Pollock, via Linton, Hazelton and
Sterling, is 102 miles, over roads that
are exceptionally good after. leaving
the Emmons county capital. 1t is
Emmons County record. [volume] (Williamsport, D.T. [i.e. N.D.]) 1884-current, 1918-08-22
Haze|ton Happenings.
From the Republican, August 18th.

From the Republican, August 18th.
I w. R. Paradise and Mr.. Beck, the
latter of Linton, left yesterday on an
auto trip to Montana.
Miss Ruth Wright went up to Bis
marck last Saturday where she visit
ed with friends until last evening.
A.'E. Klabunde, owner of the Haz-
elton townsite, had crew of survey
ors here last week stalking out a new
addition to the TOWNSHIP.
Ellis Smolowitz and family spant
last Sunday at Persian Lake where
they greatly enjoyed their days out
ing.
Joseph Bosch If Linton shipped
three carloads of cattle TO the st.
Paul markets Tuesday morning from
this point.
M. B. Morford, who IS now engag-
ed in the auto livery business at Bis
marck, was caller on old Hazelton
friends last Thursday.
Mrs. l.. M. Klabunde and daughter
arrived here from Minneapolis this
week to look after their farm inter-
ests and visit relatives and friends.
County Agent H. o. Sauer has been
a visitor in Hazelton on several diff
ferent occasions during the past week,
on missions in connection with his
work.
Mrs. Chas. Porter and the small
err children left Wednesday morning
for Barronett, Wisconsin, whera they
will make their future home. Mrs.
Porter has purchased 4O-acre tract
of land just outside of the outskirts
of the town where It will be handy
for the children to go to school and
where she will have easy access to
some of the best markets.
1t is understood that organizers of
the Nonpartisan league have fcr more
than week past teen working out in
the rural section of this community,
selling shares in so-callad league
store which it is proposed to start in
Hazelton as soon as sufficient stock
has been Sold. Just how much sue
cess the solicitors are having in SELL
ing the stock is not known, but it
is understood they anticipate no
trouble in selling enough to insure
the starting CT the store.
The writer and Mrs. Colburn mo-
tored to Bismarck Sunday afternoon
to visit Mrs. Corwin who is conval-
escing from her recent operation. She
has left the hospital and is getting
along splendidly, and expects to be
able to come home next Saturday.
Emmons County record. [volume] (Williamsport, D.T. [i.e. N.D.]) 1884-current, 1918-08-22
Hartford Items.
Cor. Of the Record, August 20, 1918

Cor. Of the Record, August 20, 1918.
Earl Noyes and family were visit
ing with their parents, Sunday.
Bert O'Donnal and wife were visit
ing Mr.. and Mrs. Maus shund, Sum
day.
We had nice rain Friday and
Monday morning which was greatly
appreciated.
Mr.. and Mrs. Longwell and son
were callers at Mr.. Mausshund's Sum-
day afternoon.
Next Sunday Bro. Jennin's will
preach at the Clayton School House
No. 2, at II o'clock, fast time. All
are cordially invited.
Charlie, Laura and Merle Buck, also
Mr.. Longwell and family attended
Sunday School and church at the Car
micheal School House, Sunday.
We have been informed that Jay
Peterson of Clayton, who is one of
our soldier boys in France, is carrying
the dead and wounded from the battle
field, while the bullets are flying
all around him.
Emmons County record. [volume] (Williamsport, D.T. [i.e. N.D.]) 1884-current, 1918-08-22
Hague Happenings

Cor. of the Record, August 20, 1918.
E. P. Niewsma shipped stock to the
So. St. Paul market last Saturday.
County Agent Sauer was here last
week on business connected with his
office.
John Prison, who is attending mil
itary school at Grand Forks, is home
on fve-day furlough.
Bailey Page made an auto trip to
Darlington Saturday for visit with
his brother at that place.
A Mr.. Boyette from Ohio has ar
rived to take charge Of the Hague
school for the coming year.
The Misses Mary Sahli, Eva Wolff
and Annie Jundt returned to school
at St. Joe, Mimi, after short vaca-
ton with their parents in this city.
John and Joe Buechler have pur-
chased the Bagley elevator, and placed
Rochus HUM in charge as grain buy
er for the ensuing year.
No grain has yet been threshed. l.
this vicinity, but farmers are predict
ing trifle better Yield than last year
There has been plenty of rain of late
and pastures, gardens and corn are
greatly improved.
Emmons County record. [volume] (Williamsport, D.T. [i.e. N.D.]) 1884-current, 1918-08-22

From the Northwest Blade, Aug. 16.
Mr.. John Pietz returned home
from Aberdeen Saturday having spent
a few days on business there.
Opal Hageman, who has been visit
ing with Maud Gerdes for few DAYS,
left for her home at Linton Friday.
Mr.. and Mrs. Bechtle of Montana
came on the train Wednesday to visit
with friends here and to find home
Mrs. Edward We're, who has been
visiting here few days with friends,
returned Saturday for her home at
Hague, N. d.
Miss Martha Schatz left for St.
Paul Saturday where she will buy her
new fall hats. Miss Schatz will be
gone for two weeks.
DR.. Gerdes and his daughter, Irene,
left for Minneapolis Tuesday. Doc
took some patients down, while Irene
will visit with friends.
DR.. and Mrs. E. E. Snow, Irene
Vorlander, Victor Schleuter and o. E i.
jackson autoed to Aberdeen Sunday
to spend the day with Miss Laura Ry-
man.
Mr.. Foncannon, his daughter, Vivi-
an, and Viola Heel from Aberdeen
autoed to Eureka Thursday evening.
Viola and Vivian visited with friends
for day.
Emmons County record. [volume] (Williamsport, D.T. [i.e. N.D.]) 1884-current, 1918-08-22
Doub|v Proven
Linton Readers Can No Longer Doub,
the Evidence.

This grateful citizen testified long
ago.
Told Of quick relief-of undoubted
benefit.
The facts are now confirmed.
Such testimony is complete-the
evidence conclusive.
1t forms convincing proof of merit.
W. H. Sietz, deputy city auditor,
SOC Second Ave. N. W ), Mandan, N
d., says: my back grew weak and /
was unable to lift. l had dull, mis-
cradle ache through my loins, too.
The kidney secretions were irregular
in passage and / was obliged to get
up three or four times during the
night. Doan's Kidney Pills soon r.
moved the trouble"
Still Praises D0an's
Over two years later, Mr.. Sietz
said: Whenever l have occasion to
use kidney medicine, find Doan's
Kidney Pills just what l need"
Price Goo, at all dealers. Don't
simply ask for kidney remedy--get
Doan's Kidney Pills-the same that
Mr.. Sietz had. Foster ilburn Co.,
Mfgrs., Buffalo, N. Y.
Emmons County record. [volume] (Williamsport, D.T. [i.e. N.D.]) 1884-current, 1918-08-22
Pollock Pick-Ups.

From the Pollock Progress, August 1s
J. D. solomonson and Willis Gran
ston made a trip to Mobridge yestsr-
day.
B. R. Sturtevant and Byron Ohm
sted. accompanied by their wives. were
Linton visitors Monday.
A baby girl was born to Mr.. and
Mrs. John Winterberg of Southern
Emmons county on Wednesday of last
week.
Mr.. j. F. Giese. one Of the pioneer
farmers Of this county, nassed away
at his home southeast of Pollock on