davidaulloa/AmericanStories huggingface dataset:
The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1918-10-26
Walks 145 Miles to Enlist.

Tulsa, Okla.-Chester Bunch, twen-
ty, of Tonkawa, walked from his home
to Tulsa, a distance of 145 miles, in
order to enlist in the army. hut was
rejected because of a slight Physical
defect. The defect can be remedied
by a slight operation.
Bunch has a desire to become an
aviator. He has gone to work in or
der to earn enough money to pay for
the operation.
The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1918-10-26

lie, anu ~ tuool
s%elf-denial en-
ter fully with him
into his program
for the world. In
mans relation to
Jesus Christ self
denial is an es-
sential mark of
d~iscipleship, a n d
a first requisite
to reality of spir-
itual experience.
In mans relation
to man and to
world betterment
S e I'D email is
fundamental to
all effective min
istry of the GoSDel,
The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1918-10-26
Public Sale of Real Estate for Taxes
For the Year 1917, Absecon City, Atlantic County, Ne,

of the City of Abscon, County Of Atlantic, STATE of New Jersey pursuant to the authority
of the statutes in suh case made and provided will on
MONDAY. II 4h DAY OF NOVEMBER,
A. D. nineteen hundred and eighteen, at 2 o'clock p. M, in the Council Chamber in the
building used as the City Hall at Absecon City, N j., in said taxing district expose for
and sell the seyerai tracts and parcels of land hereinafter specified or any part or
shpMHt tern ad my the Tx len thereon IncIndns interest and costs Of sale or in
where no one will i'd for a shorter term
This sale is made under the provision of an act of the. legislature entitled "A Act
the. Assessment and. Collection of Taxes approved Apr g.. 1903, and the acts amend
tory thereof and supplement- thereto
The said land and the names of the persons aunst whom the said taxes have been
assessed and the AMOUNT of the same are as lows:-
The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1918-10-26

DRAFTEE GETS TIRED
WAITING; JOINS POLES

Tarentum, Pa.-When the
members Of the draft board
searched for Alexander Czy-
mon, who failed TO show up for
entrainment for Camp Lee, they
discovered that h. had got tired
of waiting for the call to serv-
ice and had joined n Polish regi-
ment and is now believed in hr
on the western 'front.'.
The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1918-10-26
The Habit of
Self-Denlal
By REV. ED. F. COOK, D. D.
Director Missionary Course. Moody Bible
Institute. Chicago

TEXT-If any man will come after me,
let him deny himself, and take up his
cross daily, and follow me.-Luke 9:23.
1t requires self-abnegation to fol-
low Christ in the way of everlasting
New-York tribune., 1918-01-16
English Spinning Industry
In Prosperous Condition

A statement Of dividends earned in
the British cotton spinning industry in
1917 was recently issued in England.
1t stated that, in spite of the war and
the greatly increased cost and irreg-
ular production of yarn, cotton spin
ners have had q surprisingly good
year. so that many firms will have to
pay the duty on excess profits. 1t is
said to have been the most profitable
easning period since 1908. and has en-
abled the controlling interests to in
crease their declared dividends by
] SO per cent, namely from to z SO
per cent; also that an examination of
the declaration of dividends by COM
panies which do not reveal the state of
their profit and loss accounts proves
that dividends and bonuses have been
declared and paid showing Il mean
average of l2Ss, against 7as per cent,
paid by companies publishing accounts.
The total profits OF eighty COM
panies amounted 10 f523.S13 ($2,549,-
1859, while the losses of three COM
panies amounted to 1929 (S35,49D.
The total AMOUNT Of dividends dis
tributed VASE a270.23O (s1.315.o74).
New-York tribune., 1918-01-16
w Comm nerce q
Relevant Comment
B. & @. Meeting To-day

Directors Of the Baltimore & Ohio
are scheduled to meet this afternoon to
take action on dividends, and Wall
Street is wondering whether control OF
the railroads by the government has
cupplied the favorable development
which President Willard last month
hoped might arise "to suggest more
liberal dividend policy" than was then
deemed expedient. The company has
been paying dividends on its common
stock at the rate Of 21z per cent semi
annually, and member of the board,
when asked yesterday if that rate would
row be declared, said "Such action is
quite possible" He took occasion, how
ever, to point out that the company is
suffering from too much business and
at the same time an alarming depletion
Of it's working forces. "This condi-
tion," the director said, "has been ag-
gravatcd by the transfer of many labor
ers to government service and other in
dustrics The Baltimore E. Ohio has
been particularly hard hit in this re-
spect owing to the fact that practically
95 per cent Of the country's munition
plants are located on it's lines"
New-York tribune., 1918-01-16
Consumption of
Cotton Falls Off
Stocks at Mills and in Store
Are Smaller Than a
Year Ago

WASHINGTON, Jan. 15.~Cotton
consumed during December amounted
to 516,580 running bales and for the
five months ended December 81, q
794,761 bales, the Census Bureau to-
day announced. In December. 1916
consumption was 36,675 bales, and for
the five months period 2,756,442
Cotton on hand December 81 in con
suming establishments amounted to
1,576.314 bales, compared with 2,365,-
565 the previous December, and in pub
lie storage and at congresses 3,S26.2
bales, compared with 4,12S,S22 year
ago.
Cotton spindles active during De
cember numbered 33 .6A9.07S, compared
with 32,863,274 tho previous year
Imports during December were ii, ,.
577 bales, and for the five months 81 >
coo bales
Exports for December we're 477,o34
bales, compared with 765,321 the pre-
vious year, and for the five months
period, 2,340,l9l bales, compared with
3,260,204 the previous year.
Linters included in exports for De
cember we're 6,261 bales, and for the
five months period 103,199 bales.
New-York tribune., 1918-01-16
ReAexes Of War

Several of the big German dyestuff
companies plan increases in capitaliza-
ton. The Badischc Anilin und Soda
fabrik, in Mannheim, proposes a stock
increase of 30.000,00O marks Cat nor
NAL exchange the mark is worth % 8
cents United States currency, bring
ing it's capital up to 9O,O00,o0O marks;
the Farbenfabriken, formerly Friedrich
Bayer n Co., in Leverkensen, also So
100000 marks to 9O,000,O00 marks;
the Chemische Fabrik Griesheim- -Elek-
tron, 100000 marks to $4,000. 900
marks; the Aktien Gesellschaft fur
Electron, 100000 marks to 25.O0o,-
600 marks. and the Aktien Gescllschaft
fur Standardization, in Berlin, from
19,soo,0OO marks to SO 900 900 marks
The object is to cover the actual need
of capital to carry out tho cnlarcc-
ment of the nitrogen plant at the
Badische Anilin und Sodafabrik, a.
Ludengshafen, OH the Rhine
For several months there has been
an agitation for the production of dye
stuffs in Sweden on a large scale. 1t
is reported in Swedish papers that a
corporation has been formed with a
fully paid up capital of s3,216,o0o,
under the name Of Aktie iebolaget
Svensk Fargamneindustri The new
works will have the services of a
former representative in Boston of a
large German dyestutfs establishment.
The new corporation will be supported
by number of existing institutions in
Sweden that sell and consume DIVES and
other chemical products.
The largest shoe factories in Italv
have started manufacturing The ma
tional standard shoes, using leather
supplied by the Ministry of Industry.
Commerce and Labor. The standard
types were established by the central
stroe committee in Rome, but every
factory is making little notifications
according to its means and system of
manufacturing. The government is
organizing systems of sale Of shoes to
the public They provide for the open.
ing Of stores in the principal Italian
cities, to be engaged exclusively in the
sale Of nationrl shoes and to be con.
trolled by the government authorities
The private shoe stores will be SUB.
piled with an adequate number OF
shoes and will be granted reason.
eble commission.
New-York tribune., 1918-01-16
Ottawa Mint Handles
Gold in Fabulous Sums
Supply Comes From Great Brit
ain, Japan and Russia

Canada has handled 81 900, 900 900 in
bullion for the imperial government
ind the Bank of England since the war
broke out, says "Thc Monetary Times
he amount of gold in coin and bars
handled by the Canadian finance de-
partment since, August, 1914, is twice
the total amount of gold that there
was in England when the war com
menced. This supply came to Canada
from Great Britain, Japan, Russia
South Africa and other countries via
Halifax and Vancouver. The Ottawa
mint some time ago was enlarged and
now has the largest capacity of any
gold refinery IN the world. capable
of treating 25o,o0O ounces. or $4,000 .
600. week under the chlorine process
The gold depository at Ottawa of
the Bank of England was not quite as
busy last year as in 1916, owing to
the entrance of the United States in
the war: The establishment was fully
occupied, however. This depository was
established so that bankers on this
side of the Atlantic could pay gold
New-York tribune., 1918-01-16
Final Liberty Loan
Payments Tend to
Cause Money Rise
Bonds of Second Govern.
ment Issue Register New
Minimum

Final payments on subscriptions to
were attended by drop in the bonds
of that issue TO new minimum price
of 96.14 and an expected rise in the
call money rate to s per cent. The
especially heavy, the outpouring of Of
ferings presumably representing liqui-
dation by the banks for the account Of
delinquent subscribers. Payments due
on the final instalmcnt Of the second
loan in this district were figured at
$68,000000. Of this amount about
S12,000,O0O had been received at the
New York Federal Reserve Bank at
the close of business yesterday.
To check the rise in money rates it
was necessary for the banl:ers' commit
tee appointed by Benjam Strong,
governor Of the local Reserve bank, to
draw on it's S1O0,OC0O00 pool for funds
to loan on .he Stock Exchange. Be
tween $3,oc0,O0O and S4,OO0,OOO was
loaned at g per cent. This was the
high rate for the day call money hav-
ing risen from the per cent level, at
which the market has been ruling most
of the time since the first of the year.
The advance in the call rate oc-
Cured in a narrow market, the total
turnover Of demand loans amounting
to not moro than sl5,O00 900. 1t be-
came necessary for the money COM
mittee to stcn into the market with
lnds when local institutions restrict
their offerings in order to take care
of demands elsewhere. This was the
first time the pool has been active in
the money market since the middle Of
December, wnen the heavy Liberty
Loan payments caused temporary
stringency.
Another facror which made for a
sitter money market was the payment
made on McnCay in connection with
the American Telephone and Telegraph
s40,000,0 900 note issue. There was some
calling of loans on Monday in prepa-
ration for the increased demands on
the banks.
In banking circles it was believed
that the stitfcning Of the call money
rate was only temporary and that when
special banking transactions have been
completed the tendency will be easier.
New-York tribune., 1918-01-16
Money and Credit

Call money jumped to per cent on
the Stock Exchange yesterday, when
the banks reduced their offerings to
provide for transactions in connection
with government and corporate fnanc-
ing. The money pool became active
and prevented higher rate by lending
between $3,000,00O and $4,00O,O0O at 6
per cent. The ruling rate for the day
was s per cent, the rise occurring after
the bulk of the loans had been placed
A firm tone was in evidence in the
market for fixed date maturities, where
a small amount of money was placed
for sixty days and four months at 5A
per cent on industrial securities.
Ruling rates for money yesterday,
compared with year ago, were as
follows:
Yesterday. Year ago.
Call money..... SO 2e
Time money (miXed collateraD:
GO days. ..... 52@5a40o 2la@234%
80 days. 5l@5a4po 2s40o
i MONTHS. 5H@5a4qo 2s4@3%
to months 5Ia@5s49o 80
Commercial Paper.-This market is
now established on trading basis of
5la to 5M per cent for the best paper.
Official rates of discount for each of
tho twelve Federal districts arc as
follows:
New-York tribune., 1918-01-16
D. & r. G. Tangle
May Be Unravelled
By Receivership
Holders of Company's Ad-
justment Bonds in Posi-
ton to Take Action

Recent negotiations between in
and the Western Pacific railroads.
which had for their primary purpose
a stay Of further attachments on the
Denver company's assets to help sat
isfy the $3s, 100000 Judgment recently
awarded the Western Pacific bondhod-
ers by the Circuit Court Of Appeals,
have failed.
Steps to be taken in the near future
to bring the controversy to u crisis,
it was learned yesterday, may include
voluntary application for receiver
for the Denver road by interests con-
nected will, the property, or re-
ceivcrship application by some other
creditor. In the event of bank
ruptcy petition, lawyers for tho Den
yer & Rio GranIe said that they would
Immediately submit request to the
Director General Of Railroads that a
receiver be appointed who would not
interfere with the government opera
ton of the road and at the same time
work COR the interests Of the security
holders.
Alvin W. Krcck, president Of the
Equitable .rusv Company, which in
stitution, as trustee for an original is
sue OF $50,OO0,0JO of Western Pacific
bonds, brought the suit under which
the $3S, ,0000C00 judgment was award
OIL to hot fo
with the Denver interests would not
be held at least for the present. Asked
as to what nction the Equitable Trust
Company intended to take to press its
claims, Mr.. krccn said: 1--WE intend
to sit tight. We have tried to reach an
agreement, hut as yet have failed to
do So"
The Denver & Mo Grande Railroad
has between 100000 and $4,000 900
Of free securities, which under ordi-
nary conditions as a result of the re-
cent decision of the Circuit Court OF
Appeals, migl. be attached in addition
to lcvies already made. In view of the
taking over Of the railroad under the
governments supervision plan it was
hoped that the Western Pacific bond
holders MICH. be Influenced not to
press their claims until some read
JuotIHcHI Hl'S.t' Dc Nolkcu Out tudC
would appease them.
Among the possible applicants for a
receivcrship of the Denver property. it
was pointed out yesterday, arc the
holders of the Denver {: Rio Grande
Railroad cumulative adjustment mort
gage Z per cent bonds, whose interests
arc closely linkeG with the Western
Pacific. When this company passed
into receivorahip, in the spring of
1915, holders Of the Denver adjust
ment rs, lawye.s for the company said,
had the rigl. to declare their mort
gage Que. This they have not done,
however, as there has been no default
in the interest.
Some of these in close touch with
the situation believe that the Denver
& Rio Grande- Western Pacific situa-
ton may remain at deadlock for the
duration Of the wal The former road
has the governments assurance that
its operation will not be intcrfered
with. For this reason there are those
who believe that an unfriendly re-
ccivcrship application will not be made
New-York tribune., 1918-01-16
Plan to Broaden
Sale of Securities
Put Into Operation
Equitable Trust Company
Sees Liberty Bond Subscrib.
ers as Future Investors

A radical departure in The method o.
sale and distribution OF security issues
has been put into operation by the
Equitable Trust Company, details o:
which were announced yesterday. The
plan has been developed along broad
lines, and all parts of the country are
embraced. Security dealers and bank
ing houses in cities and small towns
in the interior are made participants
in the plan, sharing equally with the
trust company in the profits accruing
from the sale of securities.
1t is provided that each week Sc
lected lists of bonds, notes and accept
ances are forwarded to each banking
house or firm participating III the plan.
Advertising campaigns Will be pre-
pared for participants, enabling them
to cultivate their local fields inten-
sively. The national advertising will
be planned largely to interest not SO
much the large investor as the small
The ranks of these small investors"
says the Equitable Trust in announc
ing its plan, "have grown from ths
thousands to the millions since tht
outbreak of the war. It is estimated
that there were at least ten millions
of subscribers to the first and second
Liberty Loans. This fact proves con-
clusively the enormous investment
purchasing power of the country. The
majority of these government bond
buyers will become investors in other
high grade securities"
One of the aspects Of the plan. it is
pointed out. is the fact that it will
reduce overhead charges for many
dealers and banks in the interior and
at the same time tend TO broaden the
country's investment market
New-York tribune., 1918-01-16
Foreign Holdings of "Steel"

Foreign holdings Of common stock of
the United States Steel Corporation in
creased slightly in the last three
months of 1917, the total shares held
abroad on December 81 amounting to
484,190, compared with 477,109 at the
close Of the third quarter. Foreign
holdings at the end Of the year equalled
953 per cent of the total outstanding
shares, against 9.39 per cent at the end
of the September quarter. At the close
of 1915 the foreign holdings aggre gated
502,632 shares. German holdings OF
Steel common on December 81
amounted to 612 shares; Of the pre-
ferred, 862 shares.
New-York tribune., 1918-01-16
Manitoba Bonds Are
Sold Here Privately
Offering Consists of Part of
$2,OOO,OOO Refunding
Issue

The Canadian province of Manitoba
has sold to a syndicate of bankers
s2o00,Ooo of bonds, of which S1,OOO,oOo
bear per cent interest ~and mature
October /, 1920, and s1,OoO,ooo bear s
per cent interest and mature February
l, 1928. Mos5 of the issue is being
sold in Canada, but small portion is
being placed here privately. The pro-
ceeds of the loan will be used for re-
funding purposes and for the Parlia-
ment buildings Of the province. Be
fore the loan could be placed it was
necessary 10 obtain permission from
the Canadian priority board, formed
under the provisions of the Order in
Council recently passed by the Do
minion Legislature, putting the con-
troll of all new security issues in the
hands Of the government.
New-York tribune., 1918-01-16
Sugar Loan Negotiations

The committee of New York bankers
which has been considering the feasibil-
ity of extending loan Of $lO0,0O0000
to s15O,000,C0C to Cuban sugar produc-
ing interests to help them carry the
current crop will hold another meet
ing to-day. A banker who has been a
party to the negotiations said yesterday
that the principal difficulty just now
was finding some one who could give as
surancc that the money loaned to the
Cubans would be paid back on maturity.
The International Sugar Committee,
which has been interested in the nego-
tiations by reason Of its purchase OF
2,50e0 900 tons of the present crop for
the account of the United States and
British governments, has no legal
standing or authority, it is said, where
by it can guarantee the payment at
maturity of any loan that might be ar
ranged between the bankers and the
planters. r. B. Hawley, president of
the Cuban-Amercan Sugar Company
and Manuel Rionda, president Of the
Cuba Cane Sugar Company, have gone
to Havana to consult with President
Merocal, the planters and Cuban tinan-
ciers on the financing plan.
New-York tribune., 1918-01-16
Kenyon and Judge Overocker
In New Banking Positions

ALBANY, Jan. 15.-Frank S. Kenvon
has been promoted from third to first
deputy superintendent of banks at a
salary OF $4,000 u year, and Judge
George Ovcrocker, of poughkeepsie, has
been appointed third deputy at
yearly salary of 5000, it was an
nounced tonight by State Superintcn-
dent of Banks George |. Skinner.
Mr.. Kenyon will fill the vacancy
caused by the appointment of Mr. Skin
ncr to the head Of the states Banking
Department.
New-York tribune., 1918-01-16

The above rates express the cost Of
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling at, say, $4.75A. The intrinsic
parity is s4.S69s per pound. Thus, you
say either that pounds arc at a dis
count or that dollars are at a premium.
which is owing to the fact that in Eng
land the demand for dollars with which
to settle accounts in this country is
greater than the demand IN this coun-
try for pounds with which to settle ac.
counts in England
New-York tribune., 1918-01-16
London Money NIarket.-LONDON
The Dollar in Foreign Exchange

Fluctuations in the foreign exchange
market were unimportant yesterday.
The principal movement was a slight
decline ir the rate on Italy. Sterling
and francs were firm.
Closing rates yesterday, compared
with week ago, arc given in the table
below. American bankers have sus-
pended all dealings in German and
Austrian exchange, so that daily quo,
tations for either marks or kroncn are
no longer available.
Quoted dollars to the pound.)
New-York tribune., 1918-01-16
Confirmation Lacking

Reports that legislation will soon be
introduced in Congress to form a for
cign exchange bank for the Federal
Reserve System with Max May, until
recently vice president Of the Guar
anty Trust Company, as it's head, ap-
parently have no foundation.
Paul Warburg, a member Of the Fed
eral Reserve Board, who was at the
Offices Of the Federal Reserve Bank of
New York yesterday, when asked con-
corning the reports, said:
"All I know about them is what I
have seen in morning newspaper. We
know nothing about such plan nor
do We believe in it,,
New York bankers said that they
saw no need of establishing a foreign
exchange bank as part of the Reserve
System in view of the present broad
powers of the Federal Reserve Board.
New-York tribune., 1918-01-16
Bargain Hunters Buy Notes

Investment houses report surprs-
ingly good demand for such new issues
Of short term notes as are now being
offered in this market. The yields on
the new fotations are so high as to
make them attractive to the investor,
but even then, in view of the many un-
certaintes, the heavy taxes and the
rising cost of living, it is considered
quite remarkable that they should go SO
we'll with another government war loan
Of several billions in the ofting. The
bargain hunter, it seems, is ever on the
scene prepared to get something cheap.
New-York tribune., 1918-01-16
Dividends Declared

American Graphophone Company n,
lar quarterly dividend of IL. Yer cent on W.
preferred stock. payable February - 10 s''ss'
Of record February !.
Gillette Safety Razor Company. Qus..s.h
ly dividend of sl.15 a share. payable Man
to stock of record January 20. ,,.,
W. IL. McElwaine Company. Ress,st ~
quarterly dividend OF = per cent OH sca n.s,
preferred second preferred and coh','rla
stocks. payable February l 10 stock OF fe'''-
January Is.
Philadelphia Rapid Transit COMPANY
Regular quarterly dividend OF 81 per cs',' ssn.
payable January 81 to stock oi xecurS 's'
uary "a.
New-York tribune., 1918-01-16

due to London through Ottawa and
vice versa. thus avoiding the risk q
gold shipments across the ocean n
time of war. The authorities at OF.
tawa will not issue any figures 10.
garding this arrangement without thu
consent Of the Bank of England, but !.
is generally understood that the total
deposited at Ottawa was Originate
$4,000, 900. A number Of TRANSACTION:
Of which no details have been giyss
have since occurred. The supply is be-
ing constantly replenished by arrival,
from the South African mines and by
shipments from London via Halifay