davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-04-15
Banks to Advance
$5O,OOO,0O0 to Meet
Railroads Needs
Will Provide Half of Funds
for May l Requirements,
Balance To Be Met by
War Finance Corporation

Bankers are prepared to take care
of approximately half the May 1 re-
quirements of the railroads, which
have been officially estimated at about
$100,000,000, not including the $35.-
1000 for additions and betterments
which the railroad administration Will
furnish. The War Finance Corpora
tlon viii advance funds for the re-
naming $50,000,000 needed by the end
of the month
In making loans to the carriers so
that there will be no default on APP
preaching maturites or interest and
dividend disbursements, bankers said
yesterday that they would be following
the policy established in regard to the
April l obligations. At that time the
total was placed by Directo General
Hines at s77,00O000, and about S34,-
100000 was handled through bankers
direct, while the War Finance Cor
poration loaned on the j. o. us issued
by the railroad administration.
Plans of the government, the rail
roads and bankers, provide for an ex-
tension Of the May l maturities the
principal Of which falls due then
These are estimated at $l2,077 ,865.
The largest maturity is an issue of
$5 ,250,000 general mortgage s per cent
bonds of the South Carolina g. Georgia
Railroad, subsidiary Of tho Southern
Railway. The bulk of the maturities
are equipment trust issues.
New-York tribune., 1919-04-15
Why the Marine
Deal Fell Through,


WASHINGTON, April 14.-Withdraw
al by the United States government of
its offer for the purchase of the Ameri
can-owned interest in British tonnage
held by the international Mercantile
Marine and which a British syndicate
previously desired to buy was due to
conditions surrounding tho company's
contracts with the British government.
1T was learned to-day that Great
Brltaln had the right to requisition
the fleet at any time, and this govern eiT''
ment did not wish to acquire propertv
with the control virtually resting else
where. There was also said to be some
doubt as to the legality Of tho Shin
ping Board acquiring stock. althourh
there is no doubt Of its authority TO
buy or build ships.
New-York tribune., 1919-04-15
Remick Endorsed for
President of Exchange
Recommended to Succeed I'll. e..
S. Noble, Who Is TO Re-
tire Nav IL

II. G. S. Noble will retire as presi-
dent Of the Stock Exchange ut the
annual meeting on May Il, after having
served for the last five yeavs. Acting
on the wish Of Mr.. Noble not to serve
another term, the nominating commit
tee has prepared new ticket, which
recommends William II. Remick. of
Remick, Hodges & Co., to succeed to
the presidency. Mr.. Remick now is
governor of the exchange and also
chairman Of the committee on commits
sions.
The fun ticket of the nominating
committee, in addition to the new can
didates for president, includes Warrent
b. Nash for treasurer; for trustees of
tho gratuity fund. Henry X. Pomroy
and Charles NJ. Newcombc; for MEM
bers Of the governing committee, to
servo your years. Hamilton +. Renja-
New-York tribune., 1919-04-15
Corporate Returns

steel Company Of Canndn-Annual re-
port for 1919 shows profit after war
,aNes OF So, 6,637l2o. compared with So
o40 900 for tho preceding year. Surplus
after all CHARGES was cquivalont after
tho deduction OF S4bA.74l in preferred
dividends. to Sl7l1 share earned on the
Sll 400. 900 common stock This comnares
with S32 p6 II share in 1Gl7. Common
dlyidcn9g aggregated S6R9,00O.
Central COnl and Coke Compnny--Gross
proits for tho yenr ended December al
last were sl,b3a,243. or t274. 264 larger than
thoso for tho yenr before Bxpenses In
terest, etc.. amounted to $2I6,G84. leaving
not earnings OF $1.3I6,569.
New-York tribune., 1919-04-15
Wilson & Co. Declare
Dividend ON Common

Directors of Wilson g. Co. yesterday
declared an initial quarterly dividend
of l u per cent on the $4,000, 900 com
mon stock, placing it on an annual b
per cent basis. In announcing the
Inauguration of dividends by the com
pany Thomas L. Wilson, president,
stated that larger distribution was
warranted by the earnings, but the di-
rectors deemed 1t advisable to adopt
q conservative policy.
New-York tribune., 1919-04-15
Current
sold Eagles for Acccptances
s2,ooo,ooo Deposited for In
vestmcnt Here

The Guaranty Trust Company yester-
dey transferred S2,oooooO in American
gold eagles from its vaults to the
United States Sub-Treasury for the
account Of the Noderlandschc Bank Of
Amsterdam, Holland. The funds re-
ceived in exchange for the gold will
be used by the Dutch bank in the pur-
chase of bankers acccptanccs as an
investment in this market.
The gold turned in at the Sub Treas
ury had been held in the vaults of The
Guaranty Trust Company for the nc
count Of the Amsterdam Bank since
carly in the war
New-York tribune., 1919-04-15
Superintendent Machine

Shonnnrd, Mills & Co. say: Southern
Pacific is one OF the greatest invest
ment machines in the country. In 1917
the return on its Investment holdings
was equivalent to $9.17 share on its
capital stock. This is $3.17 a share in
excess of dividend requirements The
southern Pacific Company is the largest
single iand owner IN the United States,
its total holdings comprising 1O.97s.2
600 acres"
New-York tribune., 1919-04-15
Laundry Work?

Tho Odd Lot Review has this bit Of
comment to offer: "There is no room
for doubt rs to the character of the
present market. The public is in the
market hook, line and snker; there is
no doubt about that Down in Wall
Street tho laundry ~ working merrilv
away, but it is outside buying which
is dong the business"
New-York tribune., 1919-04-15
No Danger of Tight Money

In the opinion of Chandler Bros. &
Co. no long period of tight money can
come at present after such an enormous
imitation of world credit has been
created, as now exists. They point out
mat conservative attention should be
called already to the very important
STOCK market advance in many direc-
ions ions although it must be acknowledged
there are no serious danger SIGNALS
perce ptible as vet.
New-York tribune., 1919-04-15
Finance - Economics

Copyright 1919. Now York Tribune Inc)
Tho primary cause for strength
In yesterdays market was undoubt-
cdly tho pleasant surprises in the
Victory loan announcement. In ad-
dition to That, reports Of progress
In tho peace conference were the
most favorable for aome time.
Nevertheless, the character Of the
market WAS worth analysing. The
great advances were still in spc-
cial issues, largely in those which
had been bid up so violently last
week. There were net gains rang
ing from to more than points
in American Cotton Oil, American
international Corporation, Atlantic
Gulf Steamship, Chandler Motors,
General Motors and Sinclair Oil.
Several Of these stocks, after sim
liar advances last week, suffered
sharp reactions. The net result Of
the week was to leave both indus
trial and railroad stocks at a lower
average price. Such demonstra-
tions in specialties are familiar oc-
currences in great rising markets.
But they are also often indications
of irregularity, profit-taking and
distribution" and often precede a
setback.
New-York tribune., 1919-04-15
w Wea1th-Marke ts-Inve tim ents

, per cent bonds, insofar az they we're
used as device for escaping taxa
tion, arc somcwhac superseded by
the new tax-exempt notes. Those
notes, bearing 34 per cent. not
only exceed tho 3As in interest,
but run for only three or four
years, which nrc likely fully to
cover the period Of high taxation.
II taxation rates fall unexpectedly
they can be converted into the AZ
per cent issue. In any case, the
holder will receive his money in
three or four years from now and
Will be free to invest it in taxable
issues bearing high interest. The
s q per cent bonds run for fifteen
to thirty years, and the holder will
have them during period when
income taxes will have fallen and
when the advantages of tax exemp-
ton will be largely lost.
Most important of all is the sur
prisingly small amount Of the loan.
1t will not absorb nearly the
amount of funds generally feared.
Estimates ranged between S5,OOO.-
100000 and S6,0OO,0OO,OO0; the
actual figure asked is $4,50O,OO0.-
600. This has already been more
than subscribed for by the banks,
which have taken $5,335, 100000.
and have more than the Victory
loan amount even when the $780,
100000 of certificates paid off are
taken into account. The task of
the public is merely to relieve the
banks of this burden so they NAV
be free to perform their primary
function Of financing industry. The
4,50O,000,000 now asked com
pares with $6,993, 100000 taken of
the last Liberty loan. The terms
of the present offer are more lib
eral. The terms Of payment are
more liberal. Its success cannot be
in doubt, if everyone but do his
utmost.
New-York tribune., 1919-04-15
Unvolatile, but Attractive

"While Westinghouse Electric does
not move with the same velocity as
some of the other specialties in the
stock Market" 7. L. Watson G. Co
state, ut has behind it material value
and pays good dividends on the money
invested. 1t takes care of itself even
with money at per cent"
New-York tribune., 1919-04-15
Market Opinion
Good Buying of wLoco"

There has been quiet but very good
IN the market recently" saw Markoc
Morgan & Co., "the accumulation in
this stock being for the account of
prominent banking interests, who are
IN close touch with ,ne company's af-
fairs"
New-York tribune., 1919-04-15

The first effect Of the Victory
loan announcement, aside from its
reaction on the stock market, was
to send down the quotation for the
3 Il per cent tax-exempt bonds and
to raise the quotation for the other
Liberty issues. The taxable Lib
erty loan issues had already fallen
to about a a q per cent yield. Their
rise yesterday was due to the unex-
pectedly small amount of the new
issue. On the other hand, the 31a
New-York tribune., 1919-04-15
Money, Credit and Exchange

Call money continued through yester-
day at the unchanged rate of per cent
for loans on mixed collateral. Loans on
all-industrial collateral were made at
one-half of l per cent higher.
Time money is offered at per cent
by the banks, with brokers hesitating
to bid more than 5a4 per cent for loans
of all dates on all-industrial collateral
Yesterday. Year ago.
Per cent. Per cent.
New-York tribune., 1919-04-15

The Federal Reserve Bank of New
fork has put IN force the following
schedule OF rediscount rates which
apply TO bankers acccptances: Maturi-
ties up to is days, 4 per cent; 16 to
90 days, inclusive, Az per cent; 81 to
~ days, inclusive. ~ per cent.
Bank Clcarings.-Bank clearings yes
terday were:
Exchanges. Balances.
New York. ..$467, 1922, 1852 S64 500
boston ........ 1881 1927 16,027,OO1
Chicago ....... 9o,s21,8 1921 1905, 200
silver.-London, 4s4sd, decline of
I'd. New York, 1olAc, unchanged;
Mexican dollars, TIVE. unchanged.
Sub-Treasury. - Tho Sub-Trcasurv
gained Sl,3l0,0o0 from the banks on
Saturday.
London Money Market. LONDON,
April 14.~~Closing. Bar silver 48 49,
l6d per ounce. Money 3ls per cent.
Discount rates short and three months
bills 3%s per cent. Gold premiums at
Lisbon, $500.
New-York tribune., 1919-04-15
The Dollar in Foreign Exchange

Exchange rates moved within mar
row range in dull market yesterday.
STERLING rates were shade frmer
while francs declined slightly. 1tal-
ian exchange developed weaker tore.
Neutral exchanges were barely steady.
closing rates yesterday, compared
with week ago, follow:
tQnoted dollars to the pound>
Yes Week
terday. ago.
Sterling, demand .S4853a $4.65M
Sterling, cables. 4.6e3M 4.66M
Sterling, sixty days.... 4.e3M 4.e2M
Sterling. ninety days-- 4.6134 4.8t
New-York tribune., 1919-04-15

Secretary Glass's tactics are
ideal: To talk only patriotism and
to put the notes on a sound busi-
ness basis.
New-York tribune., 1919-04-15
Nominal.

Nominal.
Below is given the current exchange
value OF foreign money III dollars and
cents, together with the intrinsic rold
parity, as calculated by the United
States Mint
New-York tribune., 1919-04-15


On mixed collateral
On indus. collateral 6Ia
Time money (mixed collateraO:
Sixty days ........ 5a4
Ninety days ...... 534 6
Four months ....,. 5a4 6
Five to six months 53A
Bank Acceptances.-Rate were un-
changed yesterday.
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent.Per cent Per cent
Eligible
member
banks -. .4A@4 44@4A 4A@4A
Eligible
non-IneEi-
Der banks.4a@4 4h@414 42s@4a
Ineligible
bank bills.oA@41a 5A@41a 5N'@4M
I For delivery within thirty davs:
New-York tribune., 1919-04-15

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:
The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1919-04-18
Committee of Five
Further Organization

The county agents report showed
activity along the line of forming
stockmen's shipping association and
beet growers organization, both
working thru the farm bureau.
The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1919-04-18

figure until it shall move into q
building of its own, or for a year.
The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1919-04-18
,
NVICKS


The annual school election will be
held at the school house on Monday,
April 21.
Frank Johnson of Park City, Utah
is guest at the home of his brother
in-law J. C. Mackie.
Another dance will be given at
the school house on Thursday, April
"a. The Barrier orchestra of Black
foot will furnish the music and re-
freshments will be served. A cordial
invitation is extended to all.
The E. E. Bingham family went
to Rexburg last Friday to attend
the funeral of Arthur Middleton, a
nephew of Mr.. Bingham's, who died
from wounds received while in the
service of his country.
Mr.. and Mrs. j. F. Walters have
moved to part of the H. C. Taylor
ranch formerly occupied by Robert
Gregg.
Peter Nelson of Salt Lake City is
guest at the Mackie home.
The roads, which were almost i'm
passable in this section, are greatly
improved since j. E. Teney dragged
them.
The J. c. Thompson family spent
Sunday at the Ellis Hall home at
Presto.
Ernest Call, who is a member of
the famous ninety-first division, ar
rived in New York over q week ago
and Is expected home at any time.
Miss Mabel Bennett of Presto, who
is attending high school at Blackfoot
is very ill at the home of Mrs. A..
B. Stephens.
The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1919-04-18
CERRO GRANDE
-s-s.ss-A*f-++-sss..t.. ..-i-s+44sf-4.'

Mr.. and Mrs. H. T. Lewis arrived
home Friday, after weeks visit
to Portland, Seattle and other points
of interest.
Mrs. Grace Faulcaner, the county
superintendent of schools, visited
our school the early part of the week.
She was the guest of Mrs. Frank Fer
guson while here.
X. P. Mclaughlin spent a few
days here last week with his family.
George Eding made business trip
to Arco and Moore, where he pur-
chased some potatoes, oats and a car
load Of hay.
G. R. Strong went to Blackfoot
LAST week and surprised his many
friends by returning with a bride.
Mrs. Strong, formerly Miss Mary
ingalls,, is from Butte, Mont, and
we welcome her to her new home
Mrs. Stinson met the happy couple
and took them to his home, where
they spent an enjoyable day, it also
being the occasion Of Mr.. Stingson's
birthday.
The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1919-04-18
PRESTO

Frank Stevenson and Miss Rich
man were Blackfoot visitors one day
this week.
Misses Genevieve Just and Cora
Covington were visitors at the Frank
Just home Wednesday evening.
Mr.. and Mrs. Ried were Blackfoot
visitors one day this week.
Mr.. and Mrs. e. H. Seaman were
guests Of Mrs. G. J. billiard one day
the past week.
Mr.. and Mrs. H. X. Williams were
town visitors one day this week.
Mrs. Grace Stevens. truant officer,
was In Presto on business one day
last week.
The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1919-04-18
sLAVASIDE
Anniversary Dinner

An anniversary dinner was given
to the Rev. and Mrs. Akman last
Sunday at the Trolin home. We
understand that it is about year
since these two good people came
here from Washington. We are sure
the community has been blessed by
their presence and hope the follow
ing year will be as prosperous to
this couple and their friends as the
past has been.
The dinner guests were Mr.. and
Mrs. Gus Sundquist, Myrtle and Ruth
Sundquist, Mr.. and Mrs. Eric Sund-
quist and baby, Mr.. and Mrs. James
McKie and son Bob, Mr.. and Mrs.
Burkman, Mr. land Mrs. Anderson
and Joe Svedik.
Louis Felt, Jim Johnson and
several others from the Rose COM
munity were here looking over
canals last Friday.
Onel Holloway is working for
Ephriam Sorenson this spring.
Sigourd Burkman returned home
last Saturday. He has been in
Wyoming.
Pansy Fraker and Mrs. Henry
Lyman are having the humps. Mrs.
Lyman was quite sick for a couple
of days.
Carl Trolin, Alvin Trolin and
Harry Farnham attended the pro-
gram given by the Groveland school
last Friday evening.
Don Fraker came home from Po-
catello last Wednesday for the sum-
mer. He has been working in the
Oregon Short Line depot at Poca-
tello.
Josephine Dial spent Sunday with
Edith Fraker.
me Carl Nelson family and Bessie
McCauley spent Sunday afternoon at
the Floyd Porter home at Thomas.
Mrs. Trolin spent Monday after
noon at the Eric Burman home and
Friday afternoon at her daughters
home, Mrs. Eric Sundquist.
The McCauley spent Sunday even
ing with Mr.. and Mrs. Neil Sorenson.
The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1919-04-18
RICH


Claude Stewart was a visitor at
the Burriston home Thursday.
Claude 1rown is on the sick list
this week.
Mr.. and Mrs. Ralph Thompson re-
turned from Salt Lake City the last
of the week. They were quietly
made man and wife while there and
spent some time visiting friends.
They will make their home at Rich.
Laferty Rich spent Sunday in
Pocatello with his sister.
The little son of George Brown
met with an accident in his play,
which resulted in a dislocated
shoulder and splintered collar
bone.
The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1919-04-18
GOSHEN

Mrs. T. F. Wren entertained her
sister Miss Viola Rex and her aunt
Mrs. w. Anderson of Rexburg over
the weekend.
w. R. Young went to Blackfoot
Monday to attend to some business
matters.
The people of Goshen townsite are
very busy working on the town we'll
The farmers of Goshen were very
much disappointed Monday when a
light snow fell.
Cook Chester Stricklan of the
62nd regiment, battery E of the A. E
F. returned home April 8. He says
he is glad to be home again.
Claude Miller is working for Mrs
T. F.. Wren.
The sugar factory employees are
going to give q dance at Blackfoot
Every one is invited, especially sugar
company employees.
r Miss Maggie Young visited Mrs
Della Josephson of Shelley the end
Of last week.
Mrs. Alice Sessions was very
pleasantly surprised last Wednesday
evening by the relief society and
friends.
Mrs. Dave Staples left Saturday
for a visit to Salt Lake City. =
| Miss Hazel Killian and Mabel
Betty were shoppers in Shelley Sat
urday.
Mrs. C. billiard of Presto enter
tanned Mrs. E: H. Seemann at lunch
con Friday.
Mrs. Lydie Young and son Silas
were Idaho Falls shoppers Saturday.
Mr.. and Mrs. Thomas Betty enter
tanned Cook Chester Stricklan at
| ..inelr home a few days.
Maggie and Rozena Young were
shopping at Shelley Saturday after
noon.
Mrs. Tolmie and her daughters
Mrs. Hansen, Miss Frances TOlmie
and Mrs Vasotka were visitors at
the home of Mrs. w. Christofferson
on Monday.
w. K. Winterholter of Idaho Falls,
manager of the United States Beet
Seed company, was here looking over
the seed ranches in Goshen and
Presto. They are setting out the
mother beets for seed now.
The people of this community who
have been suffering with influenza
are much improved at this writing.
Mrs. Pearl Anderson visited her
mother Mrs. Peter Monson last
| Friday.
Irwin Jolley was business visitor
here Monday.
Bishop Christensen of southern
Utah has bought the Lot Hess farm.
Mr.. and Mrs. Lot Hess have sold
their farm and have moved to
Shelley.
Miss Lovina Monson is working for
Mrs Lot Hess
The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1919-04-18
WANTED

To employ men with teams for
blowing, seeding and ditching land.
Work for one month or more will be
furnished. At least three outfits
required. Call in person upon the
undersigned.
JOHN w. JONES,
East Main street, Blackfoot, Ida.
39a-tf.
The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1919-04-18
WARRANT CALL

Independent school district No. s,
warrants. up to and including No.
$50, series of 1918 will be paid upon
presentation. Interest will cease
April %, 1919.
ERNEST PEARSON,
Treasurer.
Blackfoot, Idaho, April II, 1919.
adv. 40-1
The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1919-04-18

figure until it shall move into a
building of its own, or for a year.
For the New Building
Chairman G. A. Line placed before
the members and business men the
proposition of building a home for
the bureau. He said that no sooner
had an article appeared in the Idaho
Republican, entitled the Temple of
Agriculture" than the idea had
found strong support from all over
the county. He said the county
agent had been busy turning away
offers of 800 toward the under
taking.
But" said Mr.. Line, 1--WE didn't
want to 60 ahead raising money for
something before we had the plans
or the ground. We want to get
the thing we'll in hand before we will
know how much money to go after -
The sentiment Of the business men
toward the proposed building was
Just the thing" Messrs Beebe,
MacCosham, Pearson and Seeger
spoke for it, and urged that dis
tinctive place should be made of it;
there should be an assembly hall,
pavilion for stock shows and sales,
place for seed shows, offices for the
bureau and rest rooms for men and
women.
A. J. Snyder of Springfield de-
clared heartily for the new move.
ut is something I have always
been wanting" he said. "For a
number of years l have attended
seed shows at Idaho Falls and
stock shows at Twin Falls, knowing
that We should have the same things
here, because we are an older COM
munity and have the goods
SO long as we can not hold con-
ventions and products shows here
we can not advertise as these other
counties have done, and while we
have in our county some of the
finest stock in Idaho, more than
many of us are aware Of, yet nobody
hears of it,
Committee of Five
1t was agreed by all present that
a committee of five, appointed by
Chairman Line, together with him.
self as ex-officio member, should
commence to work out plans for
such an edifice and for getting the
money. And getting the money!"
said Frank Garvin, will be the
easiest part of the whole affair"
Further Organization
The county agents report showed
activity along the line of forming
stockmen's shipping association and
beet growers organization, both
working thru the farm bureau.
The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1919-04-18
Farm Bureau Favors
Idea of New Home

Continued from page one)
Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1919-09-05
THE MORRIS TRIBUNE Morris, Minnesota
NEVER DEIeN TO EXPLAIN
Which Westerners Find IL Rather
Hard to Understand.

A Philadelphia lady, now resident in
Japan, has written to a friend in her
home city a letter which the Public
Ledger reproduces In part, because it
Is $50 fine in its reading from within
of the japanese nation and nature"
Mrs. Nitobe says:
II am hoping that the light may
soon dawn upon the uniformed mind
of America in reference to the true
thought Of Japan.
ut is part Of the Samurai training
not to explain. IF you are wrong,
show that you acknowledge your err
ror by changing your conduct. No
amount Of explanation can set the
wrong right. If you are right and your
accuser is mistaken, time will make
manifest the justice of your cause
This is the underlying thought of this
particular teaching. It is, believe,
often carried too far-certainly, 1t may
prove misleading to an impatient west
erner, and do not hesitate to say that
l have at times resented the situation
it has created.
ION the other hand, it is impossible
to bare ones soul to the unsympathet-
ic or curiously minded.
Every man or woman Of fine feel
Ing knows that, and the Japanese are
singularly sensitive to a sympathetic
or an unsympathetic, coarse or an
understanding probing"