davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-03-29
Tax on Texas Oil Output
Financial Bureau

t'UWtFuI bUTFuN
Special Correspondence
AUSTIN, Texas, March 28.-The only
glslatlon affecting the oil industry
OF Texas enacted by the Legislature.
which has just adjourned, was a meas
ure providing for tax of ] l-2 per
cent on the value of the gross oil
pfoductlon OF the state. The original
bill placed the tax at 2 per cent II
is estimated that the new tax will
bring an annual revenue of inward :
OF $1,000, 900 to the state, if the present
rate of oil production is maintained
New-York tribune., 1919-03-29
RelevantCO1nment
Good Steel Report Expected

The heavy buying in Steel common
yesterday was attributed to reports
that the 1918 annual report TO be
made public Monday will be more ia
vorable than has generally been sup
posed. Since the rise above par last
Saturday the sentiment in speculative
circles has been that there should be
substantial reaction before the up
ward movement could be carried much
brokers, has induced considerable
volume of short selling The uneasi-
ness Of this element may have account
ed. at least in some degree. for yes
terdaY's advance of ~ points
New-York tribune., 1919-03-29

The usual experience Of paper
brokers is that lack Of business
borrowing indicates a lack Of bust
ness, But under the special con-
ditions now prevailing some of
them are on the verge Of taking
the view that present borrowing is
so bad because business is so good
Collections have never been so
amazingly prompt. When it takes
less time for a man to collect his
money he will not have to borrow
so much. Firms have taken to an
ticipating their notes. Clothing
manufacturers whose deliveries
were postponed until February and
March by the recent strike thought
that payment would be correspond
ingly postponed until May, June
and July. But they are getting
their money now. This remarkable
abundance of funds is highly sig
niicant when taken in connection
with the figures of commercial
agencies showing current business
failures to be at the lowest mark
in a generation
New-York tribune., 1919-03-29

can find an analogy IN our own condi-
tion after the Civil War. Our currency
was then very much deprecated and
for moro than a decade gold was at
premium. An accumulation of 20 per
cent was sufficient for the purpose, and
CONFIDENCE was again restored Gold
VIII never again be seen in circulation,
thus avoiding serious economic waste,
notably boarding and physical loss.
Hoarding has been the principal evil
that the world has had to contend
with and this has not been confined
TO ORIENTAL races exclusively The
chief offenders though are India and
Egypt"
New-York tribune., 1919-03-29
Like a Speciality"

steel common surprised even its
most ardent admirers yesterday. when
it came back strong and all but touched
par 1t was again n case of the we'll
known elusive eighth The stock
went from 977s to o97s. with scarcely
n culver, but refused to be pushed
further. 1t closed at 9oa4. up PA
points. and good Jumping off place.
the bulls said. for to- days market. A
week ago to-day Steel crossed par go
lng to lOG's. but since that suffered
n considc crable relapse. falling to 061s
on the break of "Wednesday.
New-York tribune., 1919-03-29

The above rates express the cost OF
foreign money III terms OF the Ameri-
can dollar. You buy an English pound
sterling, say, at $4.67. The intrinsic
parity is S4.S69s per pound. Thus, you
say either that pounds are at d dis
count or that dollars are 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
accounts in England.
New-York tribune., 1919-03-29

The paper brokers and the banks
nave been giving various reasons
for this. Originally it was thought
that business was hesitating be-
cause it feared or expected a de
cline in prices; manufacturer did
not want to pay current prices for
raw materials, and find, when he
had made them into finished goods,
that the raw materials had col
lapsed IN price, carrying finished
goods with them and leaving him
sans profit Business was waiting
for the bottom to be reached. An
other profPered reason was that
business was waiting for the def
mite signing of the peace treaty,
for the calling of Congress, for
legislation on the railroads, for the
settlement of thousand questions
mere before it could "know where
1t stood and go ahead But sta
tistics indicate that business is not
nesitating nearly so much as it is
represented to be.
New-York tribune., 1919-03-29
Leans s3.226.80O 10 iloads

WASIliNGToS. March - Iosps
nRefefAt.ng ss.22e. 500 we're msdt 70
three railroads to day by the ""
Finance Corporation ga the security y
certificates OF the director general =.
railfoeds, making total 10 dste %
sl2b, ngc 400 advanced TO railroads y.
eiuding 10000, 900 20 the railroad az
miniriration.
The icane to.aay were s}ieooaV y
ihe lehirh Valley. s6is 900 20 W ~
Wheeling a Lake Ere anf ssosssT z
the Buifslo, Rochester & (pliisbafe
New-York tribune., 1919-03-29

Is it possible for commerce TO be
conducted on such vast scale
without borrowing? This is an
parently possible in the retail b,,si-
ness. Buyers who formerly made
Their purchases about once sea-
son now in many instances have
'eeh stocking up every few weeks.
maintaining the sane volume of
business without the necess;tv n
borrowing. But in certain trades
sncn as leather, and perhaps wool
where 1t il possible to buy at oulv
certain times Of the year. and IN
foreign trade, great business with.
out corresponding amount of bor.
rowing IL not thought possible. An
otfier suggestion is that though
business II going on nt fast psee
manufacturers are selling stocks of
GOODS accumulated during The war
they hre not borrowing becnusc
they have rot yet started 10 re-
place their stocks. But In The spe.
eiaI case Of the copper companies
borrowing Ia large, for the very
reason that business ia bad, NJ the
companies cannot sell the copper
they have had 10 borrow from the
New-York tribune., 1919-03-29
Wealth-Markets-Invest estm ents

count rates Short and three months
bills, ass per cent. Gold premiums at
Lisbon. 5000,
New-York tribune., 1919-03-29

Commercial paper brokers are
as much puzzled as any one else
on the problem Of why business is
not borrowing. They cannot say
that business is not borrowing be-
cause there is no business. The
retail trade was never more active
We are sending goods to Europe
at a monthly rate never reached
before in all our history, not even
during the height of the war. Bank
clearings are at record levels, and
last week exceeded the figures of
the same week q year ago by SO
per cent. The daily pig iron out
put during February averaged
l05,006 tons, compared with S2,835
tons in February a year ago. Yet
the volume of commercial borrow
ing has never been so strangely
small.
New-York tribune., 1919-03-29

NOTICE OF ANNUAL MEETING.
Notice is hereby given ;hat The Annus
Meeting Of the Stockholders Of the Insprs
zion Consolidated Copper Company will bs
held at the Office Of the company 942 Wsier
Street. Augusta. Maine Monday the
twenty eighth day OF April 1913. al TWO
O'Clock =. NJ. for the transaction OF any ana
all business that may come before the NEE
ing including the election Of directors.
The Transfer Books viii nor be closed out
only those stockholders Of record ~ the cose
Of business. Viz. (three O'Clock P. NJ on
Friday, April i. 1918. viii he entitled 10
vote AT said meeting
BY order OF the Board of Directors.
J " ALLEN. SecretarY
New York March o. 1919
TAKE NOTICE. thai 4 Special Meeting o.
the stockholders OF the johnson snip
Building. Repair and Dry Dock tompanl
Inc. Will he held a. the oisce ~ SAID COZ ,
poration. no. IS Broadway. Borough q.
Manhattan. City OF New YORK. ON April } :.
1919. at eleven O'Clock IN The forenoon ip.
the purpose Of authorizing the change O.
name of said corporation from Johnson
Ship Building. Repair and Dry DOCK com
pany. Inc TO the following name. - VII.
Greater New York Dock q Nafehoase
Co. Inc
Dated. New York March 2. ifie
c. PLATol.
President
New-York tribune., 1919-03-29

banks III order TO carry the aceu-
mulatIon
New-York tribune., 1919-03-29

Discount Rates.-The following table
gives the current rates of the twelve
Federal Reserve banks on commercial
paper for all periods up to ninety days:
New-York tribune., 1919-03-29

:. The Federal Reserve Bank of New
York has put In force the following
schedule OF rediscount rates which
apply to bankers acceptances: Maturi-
ties up to Is days, per cent; 1s to
so days, inclusive, Az per cent; 61 to
80 days, inclusive. Az per cent
Bank Clearings.-Bankc clearings yes
terday were:
Exchanges. Balances.
New York. .$6es,5 1888 $53, 1927 1865
Baltimore ..,.. 11,489,785 4,3eo, ,2e9
Chicago ...... 78,595,427 6,eO3, ,175
Philadelphia &C.. 67,713,O47 17,6O9,117
Silver.-London, sod, an increase;
New York, 1o1 &c, unchanged; Mexican
dollars, 771zc, unchanged.
SubTreasury. - The Sub Treasury
lost 1882 900 to the banks on Thursday.
London Money Market.-LONDON,
March 28.- Closing Bar silver, sod.
per ounce. Money, 31s per cent. Dis
New-York tribune., 1919-03-29

Nominal.
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., 1919-03-29

The decision Of Secretary Glass
to allow for payment of the next
Victory loan in six instalments
stretching over six months, more
liberal terms than in any previous
war loan, does not necessarily in
dicate anticipation Of unusual diff
ficulty in floating the loan. Mr..
Glass has announced that this will
be the last loan offered to the pub
Tic. Being the last, its terms of
payment can afford to extend over
long period. That was not posi-
BILE during the war. 1t was neces-
sary to have one loan completely
paid up before the next was started
individuals who during the war
took year to pay for their bonds
could do so only because they were
carried by the banks.
New-York tribune., 1919-03-29
CHICAGO AND NORTH WESTERN
RAILWAY COMPANY

ELBRIDGE r. HILLS
Sarreta-.
New-York tribune., 1919-03-29
Money and Credit

Call money opened and renewed yes
terday at per cent for mixed COL
lateral, compared with "a per cent on
Thursday, but at the close of the ses-
sion the rate had fallen to 5a4. Loans
on all-lndustrial collateral we're u of
per cent higher.
The time money market is quiet.
with most of the business restricted to
renewals at 5s4 per cent, with few
shorter loans made at u per cent.
Yesterday. Yearago.
Per cent. Per cent
New-York tribune., 1919-03-29

But yesterdays advance of Steel
common was helped by less re-
mote consideration. The corpora
tons annual report makes its ap-
pearance to the general public on
Monday. The figures on the in
come account have already been in
dicated with sufficient exactness in
the quarterly reports, but attention
will gravitate to the balance sheet.
AS with most annual reports, the
Steel figures are given out to news
papers and news bureaus slightly
in advance of the "release' date.
SO that papers may have time to
prepare the figures. There were
signs yesterday that these figures
had already become known in
stock market circles.
New-York tribune., 1919-03-29

changed yesterday.
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent.Per cent. Per cent.
Eligible
momber
banks ....4h64 4A@4h 4h@4H
Eligible
non-mcm-
Dor banks .4h@4 4A@414 4aa@4h
Ineligible
bank billsoM@4La 5A@4Ia sl4@4a4
New-York tribune., 1919-03-29
FINANCIAL BUREAU
Tribune Building
l5d Nassau Street
Finance - Economics

The strength Of yesterdays stock
market. which came mainly In the
last hours, to the accompaniment
Of increased activity, reflected UNI
usually good news developments,
some of them accessible to all and
some accessible only to some. The
generally accessible news included
Mr.. Wilson's remark that the league
of nations covenant was not delay
ing peace and Chairman Hurley's
recommendation of private opera
tion of shipping. This last recon-
mendation, taken in conjunction
with the recent suggestion of Di-
rector General Hines that the roads
be returned to their owners, has
indicated the complete rejection of
government ownership ideas in Of
fetal Washington circles.
New-York tribune., 1919-03-29

Bank Clearings.-Bankc clearings yes
The Miller press. [volume] (Miller, S.D.) 190?-current, 1919-10-02
COULDN'T RAISE
HAND TO AER HAND
MRS. GANASH SAYS TANLAC WAS
WORTH WEIGHT in GOLD TO
TO HER-ALL TROUBLES
OVERCOME

Before | finished my first bottle
of Tanlac / knew that / had at last
found just the medicine l needed
said Mrs. Mary Ganash who lives al
2217 North Second St, Minneapolis
Mimi, while talking to a Tanlac rep.
r~esentatiye the other day.
There are many people who suffer
from stomach trouble and indigestion
just like | did" continued Mrs. Gan.
ash, and as a benefit to these people
| am glad to have this opportunity
to tell them what great relief Tanlat
has brought to me. When / com,
menced taking Tanlac my stomach
was in such bad condition that
couldn't retain what little | ate, anc
! would have awful cramping spells
on account of gas forming. Even Q
glass of milk would sometimes cause
me to suffer terribly. | vas badly
constipated all the time, and had tC
take a ~purgative of some kind nearly
every day ] had such bad spells OF
dizziness that | would have to hold
on TO something to keep from falling
| suffered a lot from headaches, too,
and as so v that the least noise
would upset me. and such a thing as
a good nights sleep was out of the
question with me. Then to add to
my suffering, | contracted rheuma-
tism in my arms and shoulders so
bad that there were times when |
couldn't raise my hand to my head.
For the last three months before !
commenced taking Tanlac, i was con-
fined to my bed most Of the time.
We'll. it just seemed impossible
for me TO find a medicine or treat
ment that would do me any good, but
v made up my mind to keep on trying
bought a bottle and commenced TAX,
ing it. ] have only taken four bot
ties of this medicine so far, and ]
al truthfully say that ! feel as well
in every way as | ever did in my life
| have gained ten pounds already, and
! know ! am still gaining every day
! have a fine appetite. and the best
of all is. | can eat anything / want
and as much as l want and | never
suffer a particle afterwards. The
rheumatism and headaches have lefr
me too, and that alone makes Tanla.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1919-10-02


worth its weight in gold to me. I
sleep like a baby every night, and
get up feeling fine every morning,
and after eating a hearty breakfast,
! do all my homework and it doesn't
Gem to tire me at all. / tell every
body ! meet about Tanlac, and have
gotten several people to take it. I
just can't find words to express how
happy ] am. and how grateful | feel
for what this wonderful medicine has
done for me-"
Tanlacc Is sold in Miller by Collins
& Shaw Drug Store. and In st. Law
renee by the Eureka Phry Co.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1919-10-02

The Rural Credit Board offers the
best farm loan Liberal amounts. long
time. low rate. easy payments. and You
get all the money you borrow. no
commissions nor fees allowed. The
Citizens State Bank has the blanks
and will help you with your applica-
tions--Adv.
The Miller press. [volume] (Miller, S.D.) 190?-current, 1919-10-02

r. O. Teller, City Auditor.
Putnam patriot. [volume] (Putnam, Conn.) 1872-1962, 1919-08-15
GIVE REM
LIZOTTE AN ATTRACTIVE
STORE

Alterations now going on in Union
block will soon give to Remi & Liz
otte one of the most attractive and
desirable locations for their store,
which, when it opens, about August
80, will carry, in addition to the pres
ent line of shoes, an up-to-date line
of gentlemen's furnishings In this
will be included the we'll known Stein
bloch smart clothes, and Lamson &
Hubbard hats.
The alterations are being made in
the store formerly occupied by Liz
otte's barber shop. The barber shop
has moved next to the old postoffice,
thus giving the corner location, with
its three large show windows, to Remi
& Lizotte. Armand Lizotte who has
been manager of the Remi store, is
now a member of the firm. |. L. Liz
otte, who recently resigned from the
Diamond store, will be employed by
the new firm, and his experience in
the clothing business will insure ex-
cellent service. The store is now
open for shoe business, which is car
ried on while the alterations are be-
ing made.
Putnam patriot. [volume] (Putnam, Conn.) 1872-1962, 1919-08-15
PUTNAM GOLFERS ENTERTAIN
ED BY COHASSE CLUB AT
SOUTHBRIDCE
Come Home Winners BY One Point
In the Golf Tournament

On Saturday afternoon the men,
bers of the Cohasse Country Club of
Southbridge entertained the Putnam
Country Club. About Is players and
II ladies attended
Mrs. Omer Milot played a South
bridge lady player and won her match.
These were the only lady players with
the exception of those who played
clock golf
Afternoon tea was served and later
a supper, which was served on long
tables on the grounds by the club
house
The ladies going from Putnam
were: Mrs. Eric johnson, Mrs. Ar
thur Lown, Mrs. Nelson Lown, Mrs.
Ernest Morse, Mrs. Herbert Smith,
Mrs. Henry Thayer, Mrs. Frank
Thayer, Mrs. s. D. Fisher, Mrs. Jo-
seph Gagne, Mrs. Thomas Corcoran,
Mrs. William Wheaton, Mrs. Omer
Milot, Mrs. William Rafferty,, Mrs. c..
B. Wiley, Miss Airline LeClaire, Miss
Josephine Grosvenor, Miss Ellen
Wheelock. The Putnam men beat
their hosts by one point.
Putnam patriot. [volume] (Putnam, Conn.) 1872-1962, 1919-08-15
CHILDREN CATCH MICE
EARN THRIFT STAMPS

When the eats away the mice
will play-but not at the orphan
age at Oxford, n. c. AT this
thrifty institution the destructive
little rodents are being hotly
pursued by the children-not
only the mice but even the big
gray rats find no rest-and as
they are caught they are sold for
Thrift Stamps.
One Cent For Each Rat.
From Miss Mary G. Shotwell. field
director for North Carolina for the
War Loan Organization OF the Fifth
Federal Reserve District, comes the
account of what the children at the
OXFORD Orphanage are doing. These
children, she says, do not have
great deal OF money, but what they
get, Miss Shotwell says, they invest
in Thrift Stamps. Recently rats and
mice began a spring drive on the
barn and the orphanage superinten
dent offered one cent for each rat
brought to his Office. The children
made splendid counter attack,
catching and killing a number OF the
pests. Even the girls, forgetting their
traditional fear of the furry little
beasts, joined joyfully in the chase
and a number of Thrift Stamps were
bought in consequence.
Summer Contest Started.
Not alone at the Oxford Orphanage
has Thrift Stamp enthusiasm devel-
oped. Miss Shotwell writes, for the
Oxford Girl Scouts have sent defiant
challenge to the oxford Boy Scouts
To beat them in a summer savings
contest. The boys are not expected
to back down and spirited race is
expected. which, it is believed. will
firmly establish the saving haoit in
more than one future citizen, thus not
only benefiting them individually but
materially lettering the community.
Putnam patriot. [volume] (Putnam, Conn.) 1872-1962, 1919-08-15
GLASS ISSUES
SHARP NOTICE
Warns Trafickers in War Saw
ings Securities

Because of the numerous reports
of dishonest traffic in Treasury
Savings Certificates and War Say
ings Stamps reported to him, See
rotary of the Treasury, Carter
Glass, has issued warning to
holders and future buyers of these
Government securities. In his
warning he urges those now hold
ing these certificates to avoid all
dealers and redeem these securi-
ties only through postoffices. Sec
rotary Glass warning reads as
follows:
To Protect Buyers.
These securities were not intended
to be negotiable and for the protec-
ton of the owners. in case their
necessities required, provision was
made for the redemption OF War Saw
ings certificates at post offices upon
ten days notice, at a nxed price
representing the original purchase
price with an addition for interest
mo obstacles have at any time
been placed by the Treasury In the
way of redemption OF these War Saw
inrs Certificates, and II should be
generally UNDERWOOD that the owner
of a certificate has an absolute night
tn redeem it In accordance with its
terms. Any case OF refusal to make
isncb redemption. IL brought to the at
itencIon of the Treasury. will result in
prompt action
Prevent Payment TO Rascals.
'The Government needs the money
and hopes the holders Of War Savings
Certificates viii retain them, but will
place no obstacle in the way OF those
bonafide holders who request pay
ment. On the other hand, the Score
tary will exercise every means within
tn. mower of the Treasury, and has
asked the cooperation OF the Post
once Department. to prevent pay
ment being made TO those rascals
who are bHytng the certificates and
Stamps for less than their redemption
value and promptly turning then In to
THE Government for redemption At
nrof,t and serves notice upon those
people who are engaged in this dis
70 nutable business that this Is the
settled policy OF the Treasury"
Subscribe. Read. Enjoy-Ths
Putnam patriot. [volume] (Putnam, Conn.) 1872-1962, 1919-08-15
ROMAN CATHOLIC WARMLY EN-.
DoRSEs TRIANGLE WORK,

Percival A. Mcclure, manufac-
turer living in Queens, N. Y, is n
Roman Catholic who warmly endor-
ses the work of the Y NJ. c. A in
Europe. Mr. Mcclure went home re-
Gently, after serving as "Y" score
tary in Europe several months Just
before starting he wrote the following
letter from Brest to E C. Carter. the
chief secretary of the A. e f.. Y. NJ.
c. A.. in Paris:
On the eve of my departure for
America. | wish to thank you and
your associates for your generous
and considerable treatment
Il entered the service of tho "Y"
as Catholic. and | am glad to state
that | found tho association treated
the enlisted men 1gardless Of color.
race or creed-exactly alike
The mistakes Of the " seem to
me to be typically American and
such as were made by every organi-
zation here. endeavoring to perform
great and important work under
every difficulty created by war condi-
tons"
Putnam patriot. [volume] (Putnam, Conn.) 1872-1962, 1919-08-15
SOUTH MAIN ST.
PROPERTY SOLD

Fl. II. Davenport of Pomfret has
sold to Luther NJ Keith and Arthur
c. Keith the property on South Main
street now occupied by the Keith
monumental works, Harper's stable,
the Keith Trucking & Garage CO., and
the office of Mr.. Davenport. The
property included in The deal runs
through to School street, and on that
side are located a house and barn
The acquisition of this property by
Mr.. Keith and his son, assures them
that their rapidly growing business
will have ample room for expansion.
Putnam patriot. [volume] (Putnam, Conn.) 1872-1962, 1919-08-15
BETWEEN REVOLUTIONS
MENCAnS FIND time
TO INVEST IN ". S. S

Laredo, Texas-Down in the
land made famous by the roaring
bull and revolutions, they are pull
ing a new one. The Mexicans are
investing their money in War Saw
mgs Stamps.
Hundreds Buying Stamps
According to reports, the Mexicans
are not purchasing these securities
from Uncle Sam because Of the beau
dfui pictures on the stamps. but De-
cause they know a good thing wnea
they see it. This became known re-
Gently. when Mexican came into
the post Office at Laredo. Texas. and
purchased 800 worth Of War Savings
S1amps. He stated that hundreds OF
Mexicans are purchasing War Saw
inxs Stamps as a means of safely IN
vesting their money.