davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-01-30
10 Safeguard American
Properties in Mexico
Association Representing Nari-
Gus Interests Outlines Plan
OF Acii0n

Inc assoc alton recently formed by
leading financial. industrial. mining and
oil interests in this country for the
protection Of American rights in Nex-
lco yesterday issued statement Of its
intentions.
Its first important move win bo to
bring the views of its members on the
Mexican situation to the attention Of
lhe"peace conference. A delegation rem
resenting various interests i'm the on.
ganization is now on its way to Paris
The good Offices OF Thomas ". La
mont, VINO has been chosen orc Of the
Hnane1ai advisers Of the United States
at the peace conference. it is under
Stooc' VIII be sought TO this END.
lAe organizers OF the association.
the statement says "feei that gross in
u S0ccs nave been committed in No
''o 20 american citizens and TO Amer
Can property rights. that there has
Deen lack OF accurate information
concerning the actual conditions which
nave prevailed and lack of co6rdin-
aled effort 10 prevent their roDetition:
li-ai ,here cXlsts vital necessity for
certainment OF all of the facts bear
lrg upon the Mexican situation. and
through which an appeal may be made
to public opinion and to Tie govern
ments OF Mexico and Of She United
states; and that it is only through
concerted action. in which it is hoped
that all persons interested may par
ticipate. tina. condition OF stability
and responsibility in that country can
be effected which VIII result in the
full reception and protection of Amer
lean rights
The association. it is stated. viii en-
deavor to keep constantly in touch with
the Mexican government and with the
government OF the United States on all
matters affecting American rights and
property. and VIII at all times be pre-
pared TO take such legitimate STEPS as
may be necessary for their protection
Among the banking members of the
association are the Guaranty Trust
Company, the National City Bank. j. p
Morgan & Co, the First National Bank
the Mechanics and Metals National
|, ,ank. the National Bank OF Commerce.
the Chase National Bank, the Bankers
rust Company and James \. Wallace.
president and chairman of the Cen
trail Union Trust Company.
New-York tribune., 1919-01-30

Foreign Inquiry for Steel
Shows an Improvement
Stocks Held Here for British
Account Are Expected to
Move at Lower Rates

Inquiries for steel from foreign
buyers have been more active since
the reduction in ocean freight rates
was announced. The Iron Age states
that European producers are becoming
apprehensive over the prospect of an
invasion Of their field oy American
manufacturers. Several thousand tons
of finished steel manufactured for
British account, it is reported, are in
storage here awaiting shipment
The readjustment of the steel in
dustry in England is said to be seri-
ously impaired by strikes and the fact
that manufacturers are still COM
pelicd to sell at the high prices fixed
ny the government. At the same time
it is pointed out that blast furnaces
with capacity of 1000 900 tons an
nually will be in operation in Lorraine
within a few months
Buying of steel for domestic CON
sumption is continuing light and
manufacturers are curtailing their op-
eratlonS to a Qoint who're production
Will just meet The demand, accordins :
to "Thc Iron Trade Review This
authority says further:
~ canvass of the pig iron situation
SHOWS that at the present time thirty
nine active stacks with an estimated
daily capacity of $1,000 to 10000 tons.
have been blown out or banked. most
Of these since january L. Mill activ-
ties are not far from so per cent on
the average. The best showing appears
to be in plates, sheets and merchant
mi! products. Liberal buying Of IRON
and steel has yet to make its reap
pearance and the market continues to
drjit. Peace rcadiustments manifestlv
have not gone forward as fast as hoped
and the delay in winding up the gov
ernments war settlements also is a
factor tending to promote conserva-
industry"
New-York tribune., 1919-01-30
Lower Price for Copper
Expected ON February

M ~n'ng producers VIII begin quot
e 'oyser at 20 cents q pound on or
,os. Vv. after february i. according 70 re-
nra IN the trade yesterday. The
~ 5n. oihcial price for the metal is
cents pound. which was agreed
d,'s.. 'anuafy when the War In
es,i, s31''es hoard rclineu;shed It's price
;l 'oWetS BY eoing out Of existence.
ahVe thr FIRST Of the year BUYERS
- sho"n ntfle disposition 20 pur-
'~st =. beyond tneir immediate nceos
- '"' current quotations, and sales
so.eallcd resale copper have been
se'sb'is fcported below 20 cents. The
-,"p'Ftan' producers believe tha, a
,ioie active buying movement viii fol
10" reduction in price. II is ex
p'c'ea mat after the first Of tho month
nc Copper Export Association. Inc.
computation o. producers organ
re" :" rev weeks ago 20 seil conner
abroad ri an agreed price. vii a1so
"'.he ~ cents i's Official selling n,;co
reports from the West ut,,.a "a,
"aSt scale based on 20 cont cnn,,or .,
YIN become effective Saturda, DPps1 -
n1i1ona -. district, where the ph.l,'n ,','
DV"Re mining properties are locataJ +,
.n'efrt7od that tho Montar. .,,'d
= Tan m'neE have under con.idora,,1'' ",'"
af'n'iar reduction in the wage sc',t..
New-York tribune., 1919-01-30

Men affect to explain al this by
the simple word Bolshevisn. .
But that merely evadee. Il Boil
shevism causes this, what causes
Bolshevism? Is Bolshevism merely
an infectious intellectual disease
which spreads merely because it has
started? Or can it start anew. Of
1T. elf, IN spot unreached by pre-
N'ous germs? Are we not giviao a
rev word to an old fact? Does not
tins unrest mean simply rea .tion
from previous abnormal conditions
History illustrates, time and time
again, that after periods of uHnat-
ural asceticism come periods of cpi-
cureaniSm; after puritanism comes
lccntlousness; after "discipline'
and oppression come revolt and an
archy and mad freedom. This is
the message of the France of 1890
and the Russia and Germany of
to-day. Europe and ourselves
boasted during the war of our in
dustry We had thrown in the
scrspheap the oldtimc slack meth
ods. We had become Efficient. We
rad "speeded up The men in the
trenches and the workers at ,lome
had been under an enormous strain
and had made splendid sacrifices.
Is it so unnatural, thea, after a
period of work and strain and suf-
fering to expect idlcness and un-
rest?
New-York tribune., 1919-01-30
Money and Credit

Money rates in the local market yes
tarday were firm, lenders asking ~
per cent Cor Ioons on mixture of
railroad Collateral and per cent for
those secured by all Industrial collat.
oral. Rate in the middle Of the ses
SION fell 10 "a AZ, but closed firm at
9hDi5 per cant.
The market for fixed datc funds con
tnued dull, with little lending at az
per cent. Lenders we're rather reluc.
tant to extend time loars below . N
New-York tribune., 1919-01-30
Equipment Stocks Wcak

eakness IN the shares cf equipment
manufacturing concerns yesterday was
attrlhuted to reports that the railroads
"lll not be forced to purchase new
cars and locomotives at the prevailing
hlgh prices if they can prove that ad-
dltlonal equipment would be |; burden
rAder norma operating conditions.
baldwin Locomotive was corspicuously
heaVy' declining TO GAS and closing at
TO-; net loss of ) points. Railway
Steel Spr',g. at its closing quotation Of
IL. was oh IL points while Ameri-
can Can and Foundry broke 2ls point,
to SSls
New-York tribune., 1919-01-30
City Nav Soon Porrow

Reports &c again current that the
CITY @dna sir~tion win soon erter the
hnancial market for funds While de
'aIls are not yet available Is to the
slze of the expected financing, the be
Aef vas expressed IN ,cstment cir
c'es yesterday IT,. .,os,.oly $4,000 900
or S25.ooo.c0o might be sought in The
icrm to. short term bills, not TO run
longer than six monchs. i IS believed
that tho city might sell an issue OF
lNlls at this time on =. fl. per cent
interest basis. Last July the Control
Ter sold St5,oo0.000 revenue bills. which
matured in December.
New-York tribune., 1919-01-30
Harris, Forbes g. Company
Pine Street, Corner William, New York
" all Street Items

Edgar X. Sheppard, formerly Of Gil
bert Elliott q Co.. has become asso-
Gated with Kirk Ball as manager Of
the sugar stoe'; department.
Winthrop Coffin has been APPOINTED
a trustee OF the Boston Elevated Com
pany, succeeding Galen L. Stone. re-
signed.
Z. L. Hill has resigned as secretary
OF the United States Shipping Board
Commission on Port and Haroor Facil-
tiles.
Harris. Forbes & Co. have purchased
the 800 Ridgewood. \. J.. street
asse ss1nent 5la per cent serial bonds
at 1926, or on a 4.99 per cent basis
T. L. Macdonald, specialist in tele-
phone and telegrap ph bonds, has moved
his Office to 81 Broadway.
A syndicate composed Of Harris.
Forbes & Co. L. r. Rollins < Co. and
the National City Company is oferinq.
a 9S and interest to WELD els
per cent, an $4,000 600 issue Of the
Southern California Edison Company
per cent bonds, due 1914. An SO GOO
000 issue OF 7 per cent debentures.
maturing serially from 1921 to 1928. is
also being offered at par.
The New York Cotton Exchange
membership OF Paul Phieger has been
sold for $4,000 TO G. P Post.
The sl.sOooOo american Bosch Mag
neto Corporation per cent gold notes
have been heavily ovcrsubscMbed
New-York tribune., 1919-01-30
>'ocks of Leaf Tobacco I.rys,,

WaSHlNCTON, Jan. 20. Leaf 4
paeco 10 the amount or l.234.ss4 a9s
pound var held h@ manufacturers and
rtsE reports. This wns an NEE. ''p
about 100000 pounds for the vosr
1919. The total included 254 .904 0Si
pounds Of cigar typc tobaccos. an IN
crease Of about 10000 900 pounds and
",S23r45l pounds of imported tyoex. an
'neredsc pf 100000 pounds.
New-York tribune., 1919-01-30
Trade Expert to Study
so. American Textile " Want.

The Department OF Commcrcc is to
make survey of the opportunities for
.he increased sale Of Amen can textiles
IN the North and East Coast countries
OF South America. L. s Garry. trade
commissioner. left New York on Satur
day for Argentina. Uruguay. Brazil.
Venezuela and Colombia for the pur-
pose OF investigating the trade condi-
tlons IN those countries.
New-York tribune., 1919-01-30
OIL Rigs for Mexico

Shipping men said Yesterday that
large cargoes Of oil drilling mach merry
a1e now Going forward 10 Mexico. The
movement is believed 10 oYesage in
'reesng activity in TIE Mexican oil
hclda as The leading companie, are
sald to have l:'id plans for q large
amount Of new DEVELOPMENT work as
soon as conditions in that country are
once restored to a stable basis.
New-York tribune., 1919-01-30
Dividends
Extras

Standard Oil Company of California.
Extra dividend of $3.50 per share.
payable in AZ per cent Liberty bonds.
n addition to regular quarterly dlvl-
1end of $50 per share. both payable
" March 10 to stockholders of record
February l5
New-York tribune., 1919-01-30
increases

W. W. Shaw Corporation. The quar-
terly dividend has been increased from
81 20 per share TO $3.50 per share. pay
able February Is to stockholders Of
record EehrnAln.
New-York tribune., 1919-01-30

Commercial Papcr-Thcrc was little
activity IN the commercial paper mar
ket yesterday. though there was some
discounting at and > :, per cent, de-
pending or maturity. Both local and
country institutions were buying. al
though the demand favored the latter.
Bank Acceptances.-W With call money
rates fairly low, the demand for bank
acccptances was active. Rates were
unchanged, as follows:
Thirty Sixty Ninety
Spot de days. days. days.
livery: Per cent. Per centPer cent.
+ g b e
member
banks .4A@4 4h@4f. Al, GA
L gi b lie
non~mem~
Der 3: b!anks.414@4's 4as@44 a7s@45.
Ineligible
bank bills512@5 5I2@5 5Iaas
For delivery within thirty days:
Per cent.
Eligible member banks. s....... ak
Eligible non member banks. Az
ineligible bank bi ils.,....
Discount Rates.-The following table
gives the current rates of the twelve
Federal Reserve banks on commercial
paper for all periods up 10 ninety DAYS.
New-York tribune., 1919-01-30
Relevant Comment
Scouting for Trade

Representatives Of American bust
ness firms are embarking upon com
merclal travel in foreign countries in
steadily increasing numbers, according
to the Foreign Trade Bulletin Of the
American Express Company. Execu-
tlvcS who formerly thought of going
abroad as way of taking a leisurelv
summer trip are to-day making flying
trips to see things at first hand Those
firms which have been quietly making
their preliminary Investigations during
the past months are now sending either
an executive CT an oldguard salesman
to look over the ground Large organ
l7ations which have been exporting d-
rect for wears are in an equally eXDan-
i've mood. Boards of directors in many
cases seem to feel that unless some of
their men are on the way abroad the
EXPORT department is doing Every
boat for Europe. tho Orient or South
America IS carrying full complement
OF ",oreign trade scouts"
New-York tribune., 1919-01-30
The Dollar in Foreign EXCHANGE

Neutral exchanges were easier in
tcne yesterday in a dull market Of
ferings in Swiss francs we're somewhat
larger. Rates ON London and Paris
we're fairly steady
Closing rates yesterday compared
with week ago. follow:
Quoted dollars to the pound)
New-York tribune., 1919-01-30
The Trading in Steel Sharcs

The short interest in Steel common
vas considerably reduced in the first
fifteen minutes Of trading yesterday,
When the bears bought Tor covering
purposes q portion of the stock of.
'ered for sale ct the onaning. SnA-
sequently the professionals. not finding
any now buying coming into the market.
turned around and hammered the stock
down again. Ii was stated after the
close that the borrowing demand for
Steel common was unusually heavy.
New-York tribune., 1919-01-30

To-day the fifth and last install
ment on the fourth Liberty Loan,
calling for 80 per cent, becomes due.
That is piece of financing worth
while having out CT the way. The
banks will also oe called upon to-day
tor payments on nominal amount
OF certificates of Indebtedness. of
which over S3,oo0,O0O,OO0 have SO
far been sold to them. They will be
paid back out Of the money that the
government gets from selling it's
Victory Loaa.
New-York tribune., 1919-01-30

What is the real meaning Of the
labor strikes all over .he world?
During the war it was predicted
there would be serious labor +rou-
bles in the period OF readjustuient.
but those forebodings were based
or the promise that wages would
have to be reduced after war and
That labor would object to the re-
duction. But the present strikes
ere not strikes in protest against a
reduction. They are strikes which
call actually for an increase. The
numerous strikes all over Great
Britain are based in many in
stances on tie most trivial reasons.
Mainly the demands are for a re-
drctlon OF hours. Five thousand
men at Edinburgh are striking for
siN-hour day.
New-York tribune., 1919-01-30
Nominal.

NOMINAL.
Below is gwen the current exchange
value OF foreign money in dollars and
cents, tcgcther with the intrinsic gold
parity, as calculated ~ the United
States Mint:
New-York tribune., 1919-01-30
-
What Sponsorship Means


sponsorship
comprehensive definite
prnc
o
bonds n o.
the until the bonds finally paid a maturity
1882 this of
the selection In age meof
business with financial
been selling bonds % individual
These bonds purchased only
investigation We recommendation our clcns
prices to yield high with safety principal
We in,c
bonds Upon shall our
Circular carefully
with
nendaon These bonds purchased TO
than 10 period of from three o fifty years.
suggest SIX for Circular B.
New-York tribune., 1919-01-30

AS it was necessary to keep peace
in mind during the war, so must one
keep the war in mind in time of
peace. The enormous surpluses and
working capital built up by the Steel
Corporation and other industrial
concerns in time of war have not
been wiped out.
New-York tribune., 1919-01-30

10 Federal Reserve Bank OF New
iofk mas put in force the following
schedule Of rodiscount rates which
apply 20 bankers acceptances: Ma
turtles up to Is days, per cent; l6 to
to days. inclusive, AZ per cent; 81 to
30 days, inclusive, AZ per cent
New-York tribune., 1919-01-30

Inc above rates express The cost OF
foreign money in terms Of the Amer
lean dollar You buy an English pound
sterling. say, at S4.75A The intrinsic
parity * s4.Ssts per pound. Thus you
say either that pounds are at dis
count or that dollars arc at . 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
account" in England.
New-York tribune., 1919-01-30

The stock market was not back
ward in making known it's disap-
pointment over the Steel Corpora
tlon's earnings and dividend action.
A loss of ~ points yesterday was
the net effect on the common stock.
More than 17S.OO0 shares were
traded IN, almost onc-third Of the
days trading in all stocks. which
proved that a good many people
were anxious to buy the stock at the
low price, also that d good many
people were willing to let it 20 at
that price. The weakness in Steel
common succeeded in bringing most
other stocks down with it. One rea-
son is that Wall Street takes Steel
Corporation dividend action as an
Interpretation of the future. 1t is
probable that the company's direc-
tors look both forward and back
ward in the declaration of their div
ldend. They may go into surplus to
maintain their regular dividend of 5
per cent, but not to pay an extra y
The directorate has no sentiment
about an extra dividend. 1t will be
paid only if it has been currently
earned. If the directors wanted to
have the common stock considered
az being on II or 13 or 8 per
cent basis as Wall Street is fond
of calling it. there would be no sense
IN differentiating between "regular"
and extra payments. The add-
tional payment OF per cent this
time is no more a prophecy of what
will happen three months from now
than the 2 per cent extra payment
three months ago or the per cent
payment three months before that
A
New-York tribune., 1919-01-30
T telephones
Beekman 5000
Beekman 8245

per cent, but brokers. on the other
hand, coald lid only 81 per cent, on
account of the low call money rate.
Rullng rates for money yesterday,
compared with a year ago, were as
follows;
Yesterday. Year ago.
Per cent. Per cent.
Cali money:
On mixed collateral 4Ia 4
On indus. collateral
Time money Cnixcd collatcralr:
Sixty days ........ S @5I2 5s4 -
Ninety days ...... 5 @5I2 5aa -
Four months .... 5 @5I2 534
Five to six months 5a4@6
New-York tribune., 1919-01-30

Edgar X. Sheppard, formerly of Gil
bert Elliott q Co.. has become asso-
Gated with Kirk & Ball as manager OF
the sugar stocl department.
New-York tribune., 1919-01-30

London Money Market. LONDON,
Jan. 20: Closing Money, 81. per
cent. Discount rates: Short and three
months bills. 3 1852 per cent Gold
premiums at Lisbon, 7.C9
New-York tribune., 1919-01-30

Winthrop Cofin has been appointed
trustee of the Boston Elevated Com
pany, succeeding Galen L. Stone. rc-
signed
New-York tribune., 1919-01-30

E. L. fIill has resigned as secretary
OF the United States Shipping Board
Commission on Port and Harhor Facil-
tiles.
New-York tribune., 1919-01-30

Silver.-London, l9lsd unchanged; ;
New orh. lOl Is. unchanged; Mexican
dollars. q &c, nnchanged
New-York tribune., 1919-01-30

Bank Ciearines.-Bank clearings yes
terdaV wern
New-York tribune., 1919-01-30

Sub Treasury - The Sub-Treasury
lost Sl,405.223 to the banks on Tuesday.
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1919-06-25
Admiral Won Reuter- Says He
Carried Out Order of
Emperor
CLAIMS HE THOUGHT
ARMISTICE ENDED
British Fleet Was at Sea at Time
Ships Were Sunk.

London, June 23.-Although re-
ported that six Germans were killed
and ten wounded when boats of Ger
man fleet at Scapa Flow were fired
upon after the scuttling of warships,
The Daily Mail says others were
probably drowned and some may
have reached Orkney Islands and not
vet been reported. The main force of
the British fleet was at sea when the
German ships were sunk, only few
vessels being on guard.
Admiral Won Reuter-, commander of
the surrendered German feet. says he
issued the order to sink the ships,
The Daily Mail adds, and did so be-
cause at the beginning of the war the
German emperor directed that no
German warships pe allowed to fall
into enemy hands. He says he believ-
ed, from the newspaper reports that
the armistice had been ended.
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1919-06-25

| cused the senator of making state
ments to newspapers regarding
charges against him, and said there
was little difference between making
direct charges and repeating those
alleged to have been made by others.
Lewis and Andrews also. were ac-.
cused of giving out statements pur--5
| porting to be evidence and distorting
the facts. ~.
The New Jersey senator. the attor-
ney general went on, might feel that,
he was entitled to consideration be-.
fore the committee but that he, too.
was entitled to consideration in view
Of his selection by the president as
attorney general. 5
Andrews, who had been picked out.
by the attorney general as one Of the
particular objects of his wrath, broke
into the hearings at the close by ehai-
lenging Mr.. Palmer's statements con-
cerning him. The room soon was in
an uproar but Chairman Dillingham;
suddenly ended the meeting. -
stop, STOP he shouted to An
drews, jumping to his feet as did 9TH
ct Iu0I1lUtIS VI l1lC COlll1A2SGGS. ~
present hearing is ended; the COM
mittee will go into executive session.
Later it was announced that the
committee would decide tomorrow
whether to issue subpoenas for wit
nesses desired by Lewis and whether
it would grant his request that the
attorney general be required to pre-
sent voluminous records, which the
latter said would fill the committee
room.
In connection with the seizure and
sale of the Bosch Magnetic plant, Mr..
Palmer charged Mr.. Lewis did not OBJ
ject to the price at which it was sold
but to the fact that it was bought by
Americans. He told the committee
that there was no record Of Andrews
and that the custodian's organization
first heard OF him last June when he
went to the Bosch company repre-
sentatives in New York and demand
ed a fee for legal service. He got
$500, the attorney general said, on
the ground, that he was counsel fer
the general manager Of the company
who was German subject.
Mr.. Lewis charges against the at
torney general related to the sale Of
the Bosch plant and the organization
and incorporation Of the American
Bosch Magnetic Company whose stock
showed considerable advance from
January to June. Mr. Palmer showed
that similar stocks had made similar
advances and declared he was glad
some good Americans made money
out of the Bosch purchase.
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1919-06-25
War Department Discards
Watchful Waiting
Policy
- sF9fS. 9Gsseeis,,
FORCE WILL BE &.
USED PROMPTLY
Mexico Will Be Punished for
Outrage On American Citi-5
ZenS.

Washington, June 21.-Recent de-
velopments along the border and
within Mexico, it was learned official
ly today, has brought about a radical
change in the attitude Of the United
States toward Mexico. It can be
stated that "watchful waiting "a been
discarded for "watchful prepared
ness" The war department hasper-,
fected plans to throw a punitive ex-!
pedition of adequate strength across:
the Rio Grande the moment official;
word is received Of reprisals on the.
part of Villa for the Juarez incident.
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1919-06-25
More Ships Sunk
German Sailors Sink Warships
in German Waters

Weimar, Sunday, June 22.-German
warships not surrendered to the allies
and which have been anchored off
Kiel. Wilhelmshaven and other points
have been sunk by German sailors
manning them, according to a report
received here from reliable authority.
to the reports there We're
twelve German war vessels. besides
destroyers in German waters not hav-
ing been turned over to the allies un-
der the .armistice provisions.