davidaulloa/AmericanStories huggingface dataset:
The Lancaster news. [volume] (Lancaster, S.C.) 1905-current, 1918-02-26

"The legislature" says the Able
vile Medium, did not enact a grea,
deal of, constructive legislation. but
as some one has said. 1t did not do
much HARM"
The Lancaster news. [volume] (Lancaster, S.C.) 1905-current, 1918-02-26

II the war is to continue for three
years it's safe guess that beans
will come into more common use.
The Lancaster news. [volume] (Lancaster, S.C.) 1905-current, 1918-02-26

An advertisement in the Spartan
burg Journal begins: Wanted by
several gentlemen, single and mar
Red rooms and board with private
family"
The Lancaster news. [volume] (Lancaster, S.C.) 1905-current, 1918-02-26

.' The governor OF Arkansas says
there will be three more years of
war and we're inclined to hope that
the governor doesn't know what he
is talking about
The Lancaster news. [volume] (Lancaster, S.C.) 1905-current, 1918-02-26
TUESDAY, FEB. 26, 1918.
SENTENCE SERMONS.

a thankful heart is not only the
greatest virtue, but the parent of ali
other virtues. s.-Anonymous.
The Lancaster news. [volume] (Lancaster, S.C.) 1905-current, 1918-02-26
BUSINESS NOTICES
, t++%++++++++++++. = =

DIR. w. s. HOLLY, Veterinary Ply
sician. Surgeon and Dentist Office
at Gregory, Heod Live Stock Co.
stables. Phone 226, Lancaster,
The Lancaster news. [volume] (Lancaster, S.C.) 1905-current, 1918-02-26

Seven hundred the "a IL army
rifles have been made in the United
States since the country entered the
war. Tell Senator Chamberlain.
The Lancaster news. [volume] (Lancaster, S.C.) 1905-current, 1918-02-26

Unless the South feeds its own
people nobody's going to feed 'em.
Why worry about a food shortage
when watermelon time is so near.
The Lancaster news. [volume] (Lancaster, S.C.) 1905-current, 1918-02-26

NOTICE--Only a few more days in
which to pay Town License with
out the penalty. The time expires
March 1st. 36-2t.
The Lancaster news. [volume] (Lancaster, S.C.) 1905-current, 1918-02-26

When the best things are not pos
sible, the best may be made of those
that are possible.-Hooker
The Lancaster news. [volume] (Lancaster, S.C.) 1905-current, 1918-02-26

The short lines now at least have
the assurance that they will not be
run for the fun of the thing.
The Lancaster news. [volume] (Lancaster, S.C.) 1905-current, 1918-02-26

Camp Greene is to be made big
ger and better. Which is to say the
Charlotte people were right on the
job.
The Lancaster news. [volume] (Lancaster, S.C.) 1905-current, 1918-02-26
EDITORIALETTES.

OF course the split-log drag has
been used-but use it some more.
New-York tribune., 1918-03-12
Railway Executives Confer

An informal meeting Of the Railway
Executives Advisory Committee was
held yesterday for the purpose of dis
cussing the railroad bill as agreed upon
by the Conference Committee of the
House and Senate. Frank Trumbull,
chairman. said after the conference
that the members discussed plans for
cooperating with the government in It's
operation Of the railroads Of the coun-
try. Further details. he added, may be
made public toward the end Of the
week.
Those in attendance, in addition TO
Mr.. Irumbulf, included Harry }ronncr.
representing b. i. Bush, president Of
the Missouri Pacific; a. j. Earring,
chairman. Chicago, Milwauliec and st.
Iaul; Howard Elliott, chairman, North
orh Pacific; w. j. Harahnn president.
Hcabo"rd Air Line; Hale Holden, pres
ldcnt, Chicago, Burlington q Quincy;
JuIius hruttschnitt, chairman, South
ern e., Pacific; Samuel Rca, president,
Pcnnsylvania Railroad; W. l.. Ross. re,
ceivcf, Toledo, St. Louis & Westerns:
a. H. Smith. president. New York Con-
trAi, Frederick u. Underwood. prcsi-
dent, Erie; Daniel Willard, president.
baltimore and Ohio; W. II. Williams,
president, Delaware & Hudson. and
Aiircd +. 1hom counsel TO the Railway
Executlvc3' ADVISORY Committee.
New-York tribune., 1918-03-12
War Cut Down
sStudebaker Sales
1907 in 8 Months
Half Capacity Of Plant Is Now
Devoted to Work on Gov
ernment Contracts

How its sale of automobiles was hard
hit by the entrance Of the United
States into the war was told yesterday
in the annual report of the Studebaker
Corporation. In the first quarter of
1917 the company sold 16,OS3 cars,
compared with 1880 in the CORE
spending period Of the preceding year,
but in the remaining nine months only
26,274 cars were sold, compared with
50,305 in the last nine months of 1916.
A. r. Erskine, president, pointed out
in the report that the net profits per
car suffered greater shrinkage than
the sales because Of the curtailment Of
production required last May and the
increases in costs Of raw materials,
wages and selling expenses.
The company has received govern
ment orders Of over $16,O00,000, and
half its plant capacity is now devoted
tc this work In the current year it IS
expected that 10000 automobiles and
900 other vehicles will be produced
in addition to the government work.
Net safes last year, including the We
hicle and harness business, amounted
to $50, ,147, ,515, compared with SCI ,98S,-
59i in 1916. Manufacturing costs alb
sorbed Si5, ,7SS ,099, leaving an operat-
ing profit of $4,359,417. From this
there was deducted S560,lSS for war
taxes and S29S,4 ,4SS for interest charges,
leaving a balance of $500, ,741, which.
after allowing for preferred dividend
requirements, was equal to Oil per
cent on $30,000,000 common stock out
standing, compared with PSI per cent
earned in 1916.
Bank loans as of December 81, 1917,
totalled $7.A00000, compared with S13,-
231 800 the peak, reached on July 1
last. Notes payable increased from
s4,oooO00 in 1916 to $7,4oo,ooo last
year.
An increase of s2,454,16S last year
in the companys plant investment ac-
count, the report stated. covered the
cost Of concrete, steel and brick build
ings which We're under way when war
was declared and which are now to be
utilized in government work.
New-York tribune., 1918-03-12
i. S. Produces Half of
Worlds S Aluminium
Metal Fast Being Substituted for
Tin, Survey Shows

Americas production of aluminium,
which is now used chiefly on aero
planes, automobiles, helmets and car
tridges, now exceeds that of any other
nation. A compilation made by the
National City Bank shows that the out
put of the metal N the United States
has grown from 10000 pounds in 1890
to lS0,000,000 in 1917 The value of
the annual product now approaches
SAG, 900, 900.
Special significance is attached to
Americas primacy in this field because
aluminium is fast being adapted for use
as substitute for tin, which this
country has to buy abroad. The United
States, according to the estimates OF
competent authorities, produces one
half of the worlds annual supply of
aluminium, which is placed at between
1%5,000 and 10000 tons.
Nearly all of the So, 900. 900 worth
Of tin imported into the United States
last year came from the Malayan
Peninsula, the Dutch East Indies and
Bolivia. If aluminium develops into a
general substitute FOR tin this country
viii be relieved Of its dependence on
other nations. Nearly $50o,o00.0oo has
been sent out OF the United States in
the last twelve years for the purchase
Of tin. Exports of aluminium have in
creased from $1,o47 900 in 1914 to s20,-
100000 in 1917.
With the rise in the production Of
aluminium there has been marked de-
cline in price. In 1870 the finished
product sold at $l2 q pound, at So in
1850, and ranging downward to an
average Of %3 cents. and then tumbling
as low as 20 cents in the year preced-
ing the war. Mounting costs Of pro-
duction and expanded demand for
aluminium have since sent the price up
until it reached 33 cents in 1916-'17,
snd the Presidents recent order has
fixed the price for the period ending
yuMc ]. 1913. at 22 ccnts
New-York tribune., 1918-03-12
Relevant Comment
Dutch Exchange Stronger

For more than week now exchange
on Holland has displayed increasing
strength. The advance in guilders in
this period has amounted to about
cent, and the current quotation is
around As cents for cables. In inter
national banking circles the improve
ment in Dutch exchange was attributed
yesterday to better feeling between
Great Britain and Holland. Not long
ago the two countries were on the
point Of breaking off relations because
OF differences in connection with import
and export embargoes. These differ
cnces have been overcome, and there
has been resumption of trade be-
tween those countries. At the same
time cable service between New York
and Amsterdam, cut off for several
weeks by the English, has been re-
stored making it possible for American
importing and exporting houses again
to do business direct with the Dutch.
New-York tribune., 1918-03-12
Italian Govt Controls Lire
New Foreign Exchange Bank
Responsible for Recovery,
Bankers Here Declare

Exchange on Italy made further pro-
nounced recovery in this market yes
terday, when the rate rose to S52 lire
to the dollar, compared with low rec
ord level last week Of S97 The cur
rent recovery set in the latter part Of
last week, after long period during
which lire had displayed extreme
weakness.
International bankers said yesterday
that the sharp upturn now in progress
in the market for exchange on Rome is
due to the fact that within the last few
days the Italian government has taken
over complete control of the foreign
exchanges. A foreign exchange bank
has been organized, with a capital of
100000 lire, which will supervise all
dealings. The organization was per-
fected last year, but owing to difficult
ties encountered in working out the de-
tails it was impossible to make the
plan operative until the present.
New-York tribune., 1918-03-12
A Retort to X. r. Critics

William Sproule. president of the
Southern Pacific Company, issued a
statement yesterday replying vigorous
ly to the recent charge that railroad
officials had become derclict in thcir
duty after tho government took over
control. There is no group of man
anywhere in the world" sa;d ~
Sproule. "whosc loyalty, patriotism and
sense of obedience is. greater than thot
OF o'hcials of every grade in American
railroad life. have read with dismav
that the charge has been made that ths
railroad heads Of this country do NOT
WISH government control Of the rail
roads IN this time of war to be success
1ul and are trying TO prevent its suc-
cess. | have faith that such n tra;tor-
GUS charge has not found lodgement in
the public mind, for there is no rroun
OF men anywhere in the world wboss
loyalty. patriotism and sense of ohedi-
oncc is greater than that of officials Of
every grade in American railroad life
can say this as railroad man to
railroad men who have given their lifo.
time to the work. Tho charge is 30
dnmnablc as it is dcceitful and IS 81
gross calumny upon tho railroad men
OF TINS great country
New-York tribune., 1918-03-12
Bankers Buy $4,5OO,OOO
Detroit Railway Notes

William A. Reed &, Co. and the
Guaranty Trust Company arc forming
a syndicate to purchase $4,5oo,000 De-
troit United Railway fvc-year 7 per
cent gold notes, due April /, 1923. The
new issue has been passed by the Cap
ital Issues Committee, at Washington.
and is subject to the order of the
Michigan Railroad Commission.
The issue is practically for refund
ing purposes, including $3,500,OOO s
per cent notes, due May 5, and $780,
600 underlying bonds which have ma
tured and were paid off out Of the COM
pany's current resources. The notes
are secured by collateral pledged for
the maturing issues and other bonds
and stocks amounting to $9,0O0,O0O
par value.
New-York tribune., 1918-03-12
Pittsburgh Coal Preferred

Directors of the Pittsburgh Coal
Company have adopted resolutions pro-
viding for the gradual retirement of
the outstanding preferred stock. The
resolutions adopted follow: "That for
the retirement Of the outstanding pre-.
ferred stock by purchase thereof in the
open market from time to time. or upon
call thereof at price not exceeding
S110 share. plus all accrued unpaid
dividends and interest thereon at the
rate OF per cent per annum, so long
as there shall be any Of said preferred
stock outstanding, there shall be an
nually applied toward such retirement
of said preferred stock, out Of that
portion Of the reservation fund to be
derived from the proceeds of sales of
mlne run coal, not otherwise appro-
priated for the extinguishment of anv
mortgage Indebtedness, not less than
an amount which will result in the
maintenance at all times. of the same
relation of values Of the total unmined
coal content. less the amount OF any
outstanding mortgage indebtedness. to
an amount equal to S1l0 share. plus
all accrued unpaid dividends and IN
terest thereon at the rate of per cent
per annum for each share of preferred
stock outstanding, as such relation of
value OF unmined coal content bore to
the outstanding preferred stock. on the
same basis, as of January ], 1916"
New-York tribune., 1918-03-12
Reading Report Unsatisfactory

The January operating report of the
Reading Railroad. the first issued since
the road came under government con-
troll leaves much to be desired. 1t
reflects, like that of the Pennsylvania,
the extremely bad conditions under
which all the railroads operated in the
first month of the year. The gross
receipts of the Reading were $4 4,572,7l0,
a decrease of $842,963. compared with
the corresponding month Of 1917. En-
penses aggregated $4,9SS,8S2, an in
crease of $1,095,S1S. This left loss
522,6lo in January, 1917 After all
charges there remained a deficit of
81 29S,671.
New-York tribune., 1918-03-12
Dollar in Foreign Exchange

Exchange on Italy continued to re
cover the rate going to So lire to the
dollar for checks, compared with SIZE
on Saturday. the Italian govern
mcnt has assumed complete control Of
the exchange market
Spanish pesctas were strong at 24.60
cents The rest Of the market showed
no important change.
Closing rates yesterday, compared
with week ago, are given in the table
below. American bankers have sus-
pended all dealings in German and Aus
trian exchange, SO chat daily quotations
fo~ either marks or kronen are no
longer available.
New-York tribune., 1918-03-12

new annual rate of 10000, 100000.
which equals about 100 calls year for
every man, women and child in the
United States At the end of last year
the number OF stations in the Bell sys-
TEN was 1O,475,67S, An increase during
the year of 62S,4s6. Two million miles
of new wire was added to the total
mileage. which now reaches 22,61O,4 ,4S7.
Through increased efficiency of every
branch of service the company, despite
higher wages and larger taxes, has
made progress in reducing the average
expense per station.
New-York tribune., 1918-03-12
Labor Unrest in Cuba

Even the unskilled laoorcr in Cuba
has not been free from the unrest in
evidence in all parts Of the world ac-
cording to data supplied the Federal
Sugar Refining Company by its Havana
representative. He reports that the
cane cutters who formerly received
what was considered the high wage OF
10 to 80 cents a 100 arobos of cane cut
are now being paid as much as $3.50
tor the same quantity. He says further
that labor Is scarce on the island and
mat Chinese and Spanish workmen are
being imnOrted
New-York tribune., 1918-03-12
Changes in Aetna Plan

important elcventh-hour changes will
probably be disclosed in the rcorgani-
Zation plan Of the Aetna Explosives
Company, to be made public this week
AS the plan now stands. it is under
stood that present stock and bond
holders will receive par for par for
their securities. A sinking fund for
the retirement of the bonds and the
preferred stock, however, VII be pro
vided. pa
New-York tribune., 1918-03-12
Kent Issues Warming

Fred |. Kent, director of the division
of foreign exchange of the Federal Re-
serve system. issued statement yes
terday to the effect that bankers, mer-
chants, manufacturers, exporters and
importers, and all others carrying ac-
counts with or for foreign correspon-
dents, either in account current or
securities, who have not made applica-
ton for registration certificates by
March 1S, as required by executive or
der Of the President, viii be prohibited
from continuing transactions covered
by the order. Due to the difficulty in
obtaining satisfactory and extended
publicity the Federal Reserve Board
has authorized Federal Reserve banks
to continue to take applications for
registration certificates beyond the date
originally set, but it is now felt that
sufficient time has elapsed to enable
all concerned to familiarize themselves
with the requirements of the law.
New-York tribune., 1918-03-12
Corporate Returns
Philadelphia and Reading Coal !.

Philadelphia and Reading Coal u
Iron Company Receipts for the moi
Of January amounted to s3,795,A
compared with s4.133,731 for the ssl
month of 1917. Expenses were sS'7s
T63, compared with $3,594,Sl6 for Il
preceding year. Loss in operating VI
$2,l19, compared with the corrcspoh
ing month Of the preceding year, whE
showed q loss of S53S,914.
Reading Company-Report for y
month OF January showed receipts :
$60S. .lSS, compared with s5S6,540 lF
the same month Of the previous yea
Expenses amounted 10 $500, an y
crease OF $3.50 over the correspondl1
month Of the year before. Prohs w
S599, ,467, compared with the ssn y
month of 1917, which showed pfo
of $579,276. Surplus amounted y
$117,467. compared with SS6,27s 'oI y
first month of 1911.
Philadelphia & Reading Raisa!7
The company reports receipts iol u
month Of January of s4,572.1lV, eel
pared with $5,415,67i for that peril
of 1917. Loss in operating amoaa'.j3
to S416,171. compared with prom
$l.522, $40 for that month Of the the, y,a] n
before. Interest, etc. was SS-,sl
compared with SS32, 500 for the neg. -.
month Of the preceding year; pew .n
was $1,29S,671, compared witD I'll
plus of $690,1lO for the first mon'h L
1916.
S. H. kress & Co.-The Febr1s1 n
sales of S. II. Kress & Co. were sli.
PAS, an increase Of Sl5S,24o over
corresponding month of 1917.
Niagara Falls Power.-The COMP n!
reports operating revenue OF SS,S',sl ., ,sl
for the wear ended December ~: n
compared with S3,062.S36 for IVY, .soI
operating revenue amounted 70 ~
229, compared with S2,21O,95s ~, 'sss,,sE
preceding year. Net income was =, w., ak
sos. compared with S2,5oo,sio ~. =" III
year before. Surplus after cnals,,,,. caas,,.t. IA
Sl.200.065. compared with sl'oo-'N
the previous year. IA
S. S. krcsge Company.--Sal.... IA
the month Of February arioaScos; %; \
$2,l53.199. compared with 81 ,Soo;'.' 4
the year before. Sales tor .as
two months of 1918 we're S.a,s
compared with S3,70o,92S Tor i', ,,.s
Indian Refining Company, Of =" =
The annual report for the y.ors yea,
December 81 last shows net l'''.fs sifs1
S2.S7S.395. Profits amounted 70 g., s
395. compared with S2,77l,U4 w. y.
preceding wear. Dividends pala ~ -
prcfcrre: stock were 81 ,Sl2, 500 Of VI
sum $llo2 800 represented &C: as:uSSs Nj
ed dividends from 1911 TO NV. Wv Il
earnings ON the common, slos ss 81
equal to $l2.19, compared "'''
for 1916.
Texas 4 Pacific ,y.
January gross ...,... N.e4s'szzse 'szs 'S;s III
Net after taxes. ....... 34Z's'F
Canadian Northern a..
January gross .s2.7i5,soo Ss Il =
seven months gross .2+.57s, ,oo an
Net .,..,.....,,.,.'.
-
sSurplus.
Missouri. Kansas & 1ei'' ,s s.
1915. .saN1
January gross ..., sS'eeSSsaoos S'eS La
Net after taxes. -. ,aS7sp
Deficit after charges w. -.
wheeliSs \ Lake s,s sr'' n
January gross .., s0s,,'ssI ., ssI 's
Deficit after taxes.
New-York tribune., 1918-03-12
On l'rent

The above rates express the cost Of
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling at, say, $4.15Is. The intrinsic
parity is S4.S63s per pound. Thus you
say either that pounds are at a discount
or that dollars are at a premium, which
is owing to the fact that in England
the demand for dollars with which to
settle accounts in this country is greater
than the demand in this country for
pounds with which to settle accounts in
ENGLAND.
New-York tribune., 1918-03-12
BUY-SELL

MIDWEST RETIRING CO.
MERRITT OIL CORPORATION
ELK BASIN PETROLEUM CO.
INTERNATIONAL PETROLEUM
IMPERIAL Oil CO., LTD.
LCEITOS olLFlELDS, LTD.
SAPULPA REFINING CO.
HOUSTON OIL CO.
PORT LOBOS PETROLEUM
NATIONAL FUEL GAS co.
NORTHWEST OIL CO.
COSpEN AND CO.
BONDS & STOCK
CARL H.PFORZHEIMERACQ.
Dealers in Standard Oil Securities
Phnaps <S6o- I-z-s< Broad 25 Kruod St.. n.
New-York tribune., 1918-03-12

GOO to The Sub-Treasury Yesterday.
Boston Bank Statement-BOSTON
March 1.-THE weekly statement of
the Boston banks showed a decrease of
S2,3o1 900 in loans and discounts. Cash
surplus decreased Slll6,o00.
London Money Market.-LONDON,
March 11.-Money was in smaller sup
ply to-day and discounts we're steady.
New-York tribune., 1918-03-12
Money and Credit

Money rates we're firm at she begin
nlng of the new week. At the Stock
Exchange call loans ruled at per cent.
with some business being done on a
AZ per cent basis.
In the market for fixed date funds
substantial demand was noted, but the
banks continued to restrict their Of
ferings. Borrowers were reported as
bidding 6 per cent on loans against a
mixture of railway and industrial Sc
curites. Transactions were confined
largely to renewals Of outstanding
loans.
Ruling 5Ates for money yesterday,
compared with year ago, were as fol-
lows:
Yesterday Year ago
Call money ....... SO 2l4oo
Time money (mixcd collateraD:
Sixty days -. go 334%
Ninety days. SO 3a4@4 %
Four months... go 4 Q4L4oo
to months. So a G4l/a %
Commercial Paper.-Thc market was
firm. Prime bills for four and six
months maturites were discounted at
per cent.
Silver.-Bars in London were quoted
at 43M d, unchanged; New York, Sc, up
&c; Mexican dollars, G9c, an advance
Of NC
Bank Acccptances.-Th volume of
bills moving was light yesterday
Dealers attributed the quictncss to the
expectation that the government would
Withdraw funds from the banks this
week. Rates we're unchanged from last
week.
Discount Rates. - Official rates of
discount Cor each Of the twelve Fed
cral districts arc as follows: