davidaulloa/AmericanStories huggingface dataset:
El Nuevo mexicano., 1919-11-06

Idrfa continuar realizando sus fun.
clones whales, hacienda asf un bien
a la humanidad.n
"LA PRENsA."
El Nuevo mexicano., 1919-11-06
Muy tarde.
Pos 10 espero.


WA. . M|N X. |LH." LL| MA AAL
-Muy tarde.
Pos 10 espero. ~.
ACCOMPLISHMENTS, Ia droga que le
do 81 chino era tambien narc0tica
" la vieja sonora Sc durmi6. Me fuT
mas que de- prisa, temeroso del amor
de "a anciana, y volyi a las dos ho-
'ras.
Cuando entire al cuarto, la yieja
estaba abrazada del 'janitorsr y le de-
cfa carinosamenfe
TIE amc n. To amo. ~. te amo..
syanitorcitos de mi vida.
ri "janitor. que es un italiano, al
VERNE llegar. me dijo ~suplicante:
Per la Madonna, mi porti via
duesto remaggio.
Sc Ia quite v SO la mandemos al
medico chino, para que le diera eli
xir contra,amoroso,
Jorge Utica.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30
Money and Credit

Loans and discounts of the New
York Clearing House banks underwent
further marked contraction last
week. The statement issued yesterday
showed q decrease of 47,5l9,0O in the
combined loans of the member banks,
the total standing az SASH, 438 ,OOO at
the close OF the week. Net demand de-
posts decreased S6,5O4,000, to 1884,
275.0 600
The contraction in these items was
attributed to the paying off Of GOV
eminent loans by the Treasury. Sur
plus reserves of the banks decreased
$14,358, 000
United States government deposits
stood at $227 200 900 at the end of the
week, against $260,323 900 the preced-
ing week.
Gold carried in The vaults of the
Federal Reserve Bank of New York
and to its credit in the gold settlement
fund, as of March 2S, amounted to
S44O,301 1916, compared with $432, 248,-
$50 the preceding week, according to
yesterdays statement Of the bank.
Rediscounts and advances against
commercial paper amounted to 500
5OO,575, against United States obliga-
tions 1851 ,9SG 500.
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. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30

decline IN the rate on New York to 81
TO the pound sterling and say that the
natural remedy-a decline in British
imports and an expansion of American
imports, the one because of their cost
hness and the other because of their
cheapness-would promptly assert IL
self. This would be more effective
they say in rectifying an adverse ex-
change than the prohibition Of certain
imports as enacted by the British gov
eminent and would be less costly than
the artificial maintenance of the rate
between London and New DIRK by con-
tinuous borrowing in America now
that the war necessities are finished.
Possibly, however, the argument ig-
nores that the great bulk OF the I'M
ports from the United States consist
OF food and raw materials and that
this country's export capacity is still
low.
Much stress is laid on the advantage
which America will reap while our
traditional habit of exporting capital
TOR the promotion OF outward trade
and providing an external income is in
suspense, but in view of the magnitude
OF Great Britain's debt to the United
States the removal of the special sup
port of the exchange would be d bold
venture. We buy from America be-
cause the Need exists, not. it may be
said, to oblige her or as recognition
of past favors, and Americas absorp-
ton of our exports would be subject
to other considerations than the
cheapness resulting from a favorable
exchange. Theory only sometimes
squares with practice and the wholly
abnormal circum stances cannot be
ignored.
1t is pleasant to be in the position
to export goods through the medium
Of capital placed abroad and British
financiers are we'll aware of the result
ant benefits, but for the present the
nation has its hands full in screwing
up it's exports to the point of meeting
the current claims of creditors who
are keeping us supplied with what is
absolutely essential for our material
we'll being
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30
Regular Declarations
Calumet Earnings
Slump TO $40 a Share

On a production of 67,96s,357 pounds
Of refined copper last year the Cal
umet and Hecla Mining Company, one
of tho richest producers in the world.
earned $43.49 share on the 100000
shares of outstanding capital stock
according to the annual report issued
Yesterday This compared with sS3O7
a share earned on the same stock in
1917.
The price received for the copper
produced in 1913 together with the
unsoid copper at the end Of 1917 ay-
eraged 24.2S cents a pound ulnsold
copper at the close OF 1913 amounted
10 7,56S, 400 pounds.
Cost of production increased greatly
during the year. 1T was placed at $lb.-
5e7 2a7. as ompared with S7746,l2
for the preceding year. The company
distributed dividends amounting to
$500, 00o This represents a decline
Of $4,000 900. Deficit for the year was
l,l50, S04.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30
Great Shrinkage in
Demand Deposits of
New York Banks
Decrease of S445, 1872, 100
in Little More Than Two
Months -- Loans Also
Show Large Decline

Demand deposits of the fifty national
banks in New York City decreased al
most half a billion dollars between De
cembcr 81, 1918, and March 4 last, &C
cording to the compilation of the New
York Clearing House Association, is
sued yesterday based upon the stats
tics furnished to the Controller of the
Currency at Washington on the latest
national bank call. Demand deposits
of these banks aggregated $1,S63,739,-
700 on March 4, compared with $780,
Gil. 500 ON December 81 last, falling
off of S445.S72,lO0. Bankers attributed
the contraction in this and other items
largely to the slowing down of CONNER
cial business between the two dates,
resulting in smaller borrowings for
business purposes.
u. S. Deposits Larger
Combined loans and discounts Of the
fifty banks decreased $ll4,435, 100 to
$2,042,452 800 during the period. United
States government deposits with the
banks increased $S3.6S2,7o0 to $162,-
047 900. Acceptances held by the banks
based on imports and exports amounted
10 J 90 ,'Vu Oh NittlSu - Oi'P"i w
with $120,907 500 on December 81.
Stocks, bonds and securities other
than Federal Reserve Bank stock car
ried by the fifty banks increased $153,-
$4,000 to $739,545,3 300 between the
two bank call dates, the bulk of such
holdings representing obligations of
the United States Treasury. Lawful
reserve carried with the Federal Re
serve Bank amounted to 1858, ISL 200
on March 4, decrease of 500 ,S99,4OO.
The report shows that surplus and
undivided profits of the national banks
of the city increased $ll,l53,4oo to
$25O,228,4 400 during the period.
Leading Banks
Among the individual banks the Ma
tional City Bank showed gross deposits
of $G73, 800 on March 4, the Ma
tional Bank of Commerce, $3.50 .236,70O
the First National Bank, $l7S,O27 400;
the Chase National. $326,308,0o0; the
Hanover National, SIS ,672,S00; the Ma
ti6nal Park Bank, $1S8,964,300, and the
Mechanics and Metals National Bank,
$40. $50 500.
The First National Bank held the
largest amount Of bonds and securities,
s1SS.435. 200; the Chase National, $114,-
$50 500; the National City, $9S,441,5oo,
and the National Bank of Commerce,
$S8,119,200.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30
FINANCIAL MEETING
soUrHyRN pACIFIc coMp.N,
NOTICE OF MEETING
165 BROADWAY New York ~ %

1e5 broadway, New York N
DATED January z. 1919.
The Annual Meeting of the EtockhoIAe-,
~ the Southern Pacific Company viii h.
held at the Office OF this Company in An.
chcrAGo, Jefferson County, kentucky on
Wednesday. April o, 1919. at twelve o'c,och
npoa, standard time. for the following
purposes, viz:
% To elect fifteen Directors
10 TO consider and act upon All or..
lions and matters which may legally oem.
before the meeting relating to reder.i
control OF the ccmpany's properties unds,
tho act OF Congress OF May 81. Igfx y.
shy agreement or settlement with ths
Dovsrnmtnt in respect thereto or rely inc
70 fhe termination Of such Federal contrni
ny tho return OF tho properties or otns,
wtses and/or relating 70 conditions rn.,,it
Ing from or succeeding such Federal con.
aFois and generally ali questions ana yn.t.
fcTs growing out OF or incident IN surn
control. termination thereof. or folio vim
conditions. "s
~ TO transact all such other tus,o...
IS may ]essiiy come before the rnerrin~
Including tho approval and ratification ~
ali action OF the Board OF Directors ana
IL the Executive COMMITTEES sines thu ia ~
aaDpai meeting Of fbs Stockholders Of tai,
Company.
Fer tho purposes Of tho meeting the
books for the transfer of stock Will be
ei1se1 at o'clock r. ~, Tuesday. March
20. 1919, and viii be reopened ut 10 o'cioex
a. "a. Thursday, April 10. 1919.
by ofdsr Of the Board Of Directors
HUGH NELL. gecretzsy.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30
RelevantConlnaent
Size of Victory Liberty Loan

Many in Wall Street expect the Vic
tory Liberty Loan to be for at least
$4,000, 100000. This judgment is based
on the amount OF certificates Of in
debtedness which have been sold in an
ticipation of it. The last amount given
out as sold was $4,S55 1856 500. In an
ticipation Of the fourth loan there was
sold $4,659, $4,000 certificates of in
debtedness, and the loan when it came
out was for minimum of 00,000,
0OO For the third loan $3,012,0S5, 800
certificates were sold, and the minimum
amount asked of the country by the
government was $4,000. 100000. Ger
tifcates sold prior to the second loan,
totalled $2,320.493 600 and the loan
was So 900, 000 900, and for the first loan
1858, 205,0O0 certificates were issued,
the loan being for $500 100000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30
Divid ends
Extras

American Radiator Company..,
extra dividend of per cent on ,nc
common stock, payable in Ibeyty-
bonds of the fourth issue and war saw.
ings stamps.
Great Western Sugar Company.-Fx.
ira dividend OF 10 per cent on the com
mon stock. payable in Liberty bonds
has been declared, in addition 10 re,rn,
lar quarterly dividends of Il. common
and preferred stocks, all payable Anril
, to stockholders Of record March n
Maple Leaf Milling Extra dividend
of / per cent on the commoY STOCK
IN addition TO regular quarterly divi-
dends of ? Il on the common and ~.
on the preferred stocks, all pavablc
April Is to stockholders Of record
April g.
Wheeling Mould and Foundry.--Ex-
ira dividend of 3 per cent on the com.
mon stock. in addition to regular quar-
terly dividends Of per cent on the
common, both payable May l. The
regular quarterly of per cent on tho
preferred stock was also declared. nav
able April !.
Decreased
Eureka Pipe Line Companv--The
regular quarterly dividend has been
reduced from So a share to "a, payable
May l to stockholders of record April
Is.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30
Wealth. Mark ets-Investm ents

change fell to point where it took
more than 6 francs to equal dollar,
compared with a recent peg rate of
around 5.45.
Advices from the other side during
Of the regulations that had controlled
the movements of the principal ex-
changes during the war TING emer-
gency was a part of general policy
among the Allied nations to bring
about an early restoration of normal
conditions in international trade.
If you calculate the cost of the dol
lar in terms of foreign money at cur,
rent exchange value-that is, if yol
were buying dollars with pounds
marks or francs-its value at the close
of last week. as compared with yeal
ago, would be about as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30
United Fruits Earnings

Gross income Of the United Fruit
Company for the fiscal year ended
September 80, 1913, amounted to s24,-
$50, O06, against SIT, 592, 391 for the year
before. Taxes reached the enormous
sum of 1886, $50, or almost triple the
deduction made in 1917. A reserve of
$3.50, O59 was made for interest as com
pared with $s67,567 for the preceding
year.
Net earnings established a new rec
ord amounting to $2S.0l share
against $2G.72 earned the previous
year Balance applicable for dividends
Of 81, 1925, 1920 was $14, 094, 040. Dividends
distributed to the stockholders in 1917
aggregated $3,903,392. Surplus of Sl0,-
06S,726 was added to previous balance
of $25,198,060, making $55, 266,7S6
total
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30
Finance ~ Economics

Copyright. 1919. New York Tribune Inc)
The suggestion from oificialFrench
financial circles that tax be levied
on capital aroused so much opposi-
ton that the suggestion has been
withdrawn. 1t has made it's appear
ance in England, and arises ever so
often in academic circles here as
method of meeting the present enor-
nous expenses of governments. The
suggestion probably finds its popu-
larity and viability in the semblance
between the words "capital" and
Capitalists" Anything which makes
the capitalists uncomfortable has
just so much in it's favor.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30

Now the advocates Of tax on
capital have in general no very def
mite idea of what they mean by the
word. They may mean the actual
cash or currency possessed by peo-
pie in their own hands, pockets,
stockings, vaults or banks. The
amount of cash boarded in pockets
and stockings or between the rafters
in the attic would be rather hard to
get at. If a government decided to
take half of all bank deposits the
result would be that all bank depos-
it's would be withdrawn before the
tax could become effective. We will
say nothing of the utter collapse of
credit and confidence and the con-
sequent panic that that would bring
about; the point here is merely that
the government would not get the
money. But supposing, for the mo-
ment, that a way could be found in
any country discussing such meas
ure to pass it through the legisla
tive body and have it signed by
the executive without anybody find
ing out anything about it until it
became law; let us look at the fair
ness of the measure. 1t would levy
a tax on a man not according to the
amount of wealth he had, but ac-
cordng to the amount of it that
happened to be in cash or in bank
deposits. One man might own
row of houses, keep several auto
mobiles and have only $500 in the
bank. Another might have $1,000
in the bank and no other property,
save the clothes on his back. Yet
the second man would pay the
larger tax. If securities were in
Guided, the unfairness might be less
glazing, but it would remain.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30

Tbs Annual Meeting Of Tho Ht0ekhoidsrs
~ the Chicago, SAINT Paul, Minneapoils
Il thu Office II the cam pany, In the city ri
Hudson, Wisconsin, on Wednesday, April
~ 1919 ~ = 0ci0ch H. m, fof the oicefion
~ directors and the transaction Of such
eshtr Npelnsss 49, may come tefors azil
meeting,
Tfsnsfsr books will ts eiosed on. Friday.
March r. 1919, ~ The eioss Of busjness
N that Asy, ana viii b. rsopeBsd or
Z npssdsy.. Apfii ~, 1919
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30
United Kingdom Bonds Weak

Weakness of the United Kingdom of
Great Britain and Ireland 3 u per cent
bonds Of 1887 attracted attention in
Yesterdays bond market at the ex-
change. These bonds opened at 997s
and declined on heavy trading to 9SSs,
a new low record. They sold earlier in
the week at 1909. This issue was put
out by the British Treasury in ex-
change for United Kingdom 5la per
cent notes that matured on February
last
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30

Fresh unsettlement developed in the
foreign exchange market last week and
the general tendency of rates was
downward, resulting in further en-
hancement in the value of the Ameri-
can dollar in the leading financial CEN
tres of the world
Sterling bills declined to $4.57 at
one time early in the week, with re-
covery to around $459. French ex-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30

another house; but has ever another
house in all the history of market
letter writing admitted it? Such
refreshing frankness comes like a
cool breeze in August.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30
Repercussions

The outlook is bullish.-J. s. Bache &
Co.
Odd lot investment absorption stead
lily increases.-E. ". Wagner & Co.
The market has turned into one of
slow liquidation.-Wre Bros C Co.
TemporiZing with Bclshevsm is i'm
perilling property values the world over.
--Hayden, Stone & Co.
Clearly, the professional element has
been playing for a big reaction. Almost
as clearly they are not going to get it
now and from this level.-Goodbod &
Co.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30

PARIS, March Prices were lower
on the Bourse to-day. Three per cent
rentes, 60 francs % confines for cash.
Exchange on London, II francs 81 cen
times. Five per cent loan, 50 francs IS
centimes. The dollar ranged from 6
francs so confines to 6 francs l0lz
cen.lmns
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30

The above rates express the cost of
foreign money in terms of the Amcri-
can dollar. You buy an English pound
sterling, say, at St5S. The intrinsic
parity is $4.S6ss per pound. Thus, you
say either that pounds are at 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
accounts in England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30

n. S. Medium has been elected
chairman and president of the Texas &
Pacific Railway, succeeding William
Osborn as chairman and J. l.. Lam
caster az president. j. Shepard was
elected first president, Kingdom
Gould and c. l.. Wallace were APP
pointed vice presidents and C. w.
Veitch was made secretary and treas
urer.
Colonel D. I. Mckay, ox-policc com
missioner of New York City, has been
elected Il director of the Botony Wors-
ted Mills.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30
Consolidated EXCHANGE

| Unit OF trade on this exchange, 10 phareal
transactions and prices ycsterday for tho
more active sharcs follow.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30

London Money Market-LONDON
March 29.-Money 31A per cent. Dis
count rates-Short, and three months
bills, @5s per cent. Gold premium at
Lisbon, 5000
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30

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 3 days, per cent; is to
90 days, inclusive, Az per cent; 81 to
80 days, inclusive. AZ per cent.
Bank Clearings.-Bank clearings yes
terday were:
Exchanges. Balances.
New York -. Seo7, 616,44o $5e916,912
Baltimore go, f4232,oo1 5,543,971
Boston ...,... 45,954,439 9,964,034
Philadelphia $50, 443,3o7 22,747,7O7
Silver.-London, 49Md, a decline of
I'D; New York, 1011sc, unchanged;
Mexican dollars, 771ac, unchanged.
Bank Acceptances.-Rate were UNI
changed yesterday.
Thirty Sixty Ninety
Spot de days. days. days.
livery: Per centPer cent. Per cent
Eligible
banks 80. .4a@4 4M@4a 4a@4A
Eligible
Der banks 4a@4 4h@414 4as@4a
Ineligible
ba5& bils.514@4Ia 5M@41a sM@494
For delivery within thirty days:
Per cent.
Eligible member banks. ........ 47s
Eligible non-member banks.s.. AZ
ineligible bank biiia ..-........ s
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30
Liverpool Cotton Market TO Close

LIVERPOOL. March 2o.-The Cotton
Exchange here will be closed April 18
10, II and %, Easter holidays.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30
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. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30

The only fair method, then, would
be to tax man or corporation on its
entire tangible property in any form.
That would involve. an immense and
delicate and costly task of valua-
ton; but that is coarse, practical
detail. The tangible wealth of the
world consists Of items like pota-
toes, cows, overcoats, watches, auto
mobiles, apartment houses, rolling
fields, factories and steel rails. But
the government cannot use potatoes,
automobiles, cows, steel rails, rolling
fields and overcoats. 1t must make
its payments in cash. 1t has got to
get its payment from taxpayers in
cash. Therefore, either the taxpay-
ers themselves or the government
would have to sell these things in
order to turn them into cash. Then
would come an enormous collapse in
values. Everybody would want to
sell, with nobody wanting to buy, I'M
til prices become so ridicuously low
that the people who happened to be
so fortunately situated as to have
relatively more cash than other
goods would buy some as a bargain
or speculation. The whole propo-
sition is so absurd that it's ability to
find root in the minds of responsible
statesmen is simply astounding The
only way in which wealth can be
fairly taxed is by tax on income
That is earned cash. The govern
ment can reasonably trace it. And
the government can take it before it
is turned from cash into other goods.
A new type Of market letter has
made its appearance. 1t starts off
with this in bold-faced type: eve
want to impress upon you that it is
not inside information, but it is sim
ply our judgment" Having thus
prepared the readers mind. the
judgment is made: "rhc wisest
market attitude is to buy near the
low prices and sell near the high
prices" No customer could 90
poor following this advice. The
secret of scandalous wealth is in his
hands if he but grasp it. He has
been told before, by other Stock Ex-
change houses too numerous to re-
member, that he should "scll on the
bulges and buy on the dips" but to
buy near the low prices and sell near
the high prices is putting it more
plainly. The house then puts this
nugget of wisdom in paragraph all
by itself, where its enormous sipni6.
canoe will have room to expand in
the readers mind: "The world does
not stand still and events arc al.
ways taking place which, in the end
change the values Of securities.p
But the wonder does not end here
The letter proceeds on the other side
Of the page: "Thc market has
formed trading range with wide
differences between the top and the
bottom. II has gone beyond some
OF the high prices and also beyond
some OF the low prices named by III
on March ~, with about twice as
many not making good NJ madn
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30
Federal Reserve Banks

The Consolidated Statement of the Twelve Federal Reserve
Banks Will Be Found Main News Section To-day
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30

Closing rates yesterday, compared
with week ago, follow:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-30

Silver-London, 49%d, a decline of
I'D; New York, 10l 1sc, unchanged
Mexican dollars, 771ac, unchanged