davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-09-25
Russia's Debt Placed
At so Billion RubIes
Interest on State Liabilities IL
Figured at S615. .50O,-
900

LONDON, Sept. I Correspondence
Of The Associated Press. Interest on
Russias state liabilities to-day amounts
annually to approximately sG45, 800, 900,
according to 4 statement issued from
Omsk by the Minister Of Finance of the
Kolchak government.
In 1914 the national debt was $751;
100000 rubles. tho statement says. In
ternal wartime loans aggregated 33.
600 100000 rubles while loans con-
tracted abroad amounted to 5000 ,O0O,-
600 rubles, thus bringing the debt to d
total of about 50,00O,0o0,0OO rubes
About 50,0o0O00 rubles yearly would
be required for the amortization of this
tremendous sum
New-York tribune., 1919-09-25
Tho statement no;n+s or+ ~

The statement points out the fact
that the figures quoted in rubles repre-
sent fictitious values, as the foreign
loans were issued abroad in English
American, French, japanese and Ital-
ian currencies, which cannot be con-
verted into rubles at the old gold rate
of exchange.
Whereas Frame in pre-war days was
that Great Britain supplied the bulk
of Russia financial requirements dur
ing hostilities. with France, America.
Japan and Italy ranking in the order
named.
New-York tribune., 1919-09-25
American Sllipbuilding
Pays Extra Dividend

CLEVELAND, Sept. 24.-Directors of
the American Shipbuilding Company
declared the regular quarterly dividend
Of ia per cent on the common stock
and an extra dividend OF "a per cent,
payable Novembe l, TO stockholders Of
record October Is, and declared the
usual I per cent dividend on the pre-
ferred stock, payable in four nnarters.
New-York tribune., 1919-09-25
The Days Bond Market
u. S. Government Bonds
Liberty Issues
Transactions

The following table gives the trans
actions yesterday and the approximate
investment yield in the general Liberty
loan issues at closing New York
Stock Exchange prices:
New-York tribune., 1919-09-25
Bid and Asked
Quotations

The following table gives the closing
bid and asked quotations for stocks
listed On The New York StocS Exchangs
but not traded N Yesterday:
New-York tribune., 1919-09-25

The Guaranty Trust Company of New
York has been appointed Registrar OF the
preferred and common stock Of the PIGGY
Wiggiy Corporation. and transfer agent
Of the capital stock OF the Northern Texas
OIL Co. Inc, consisting OF $50 900 shares,
llr value So
The sun., 1919-04-08

Canadian Car preferred, now on a reg
uar per cent. dividend basis. will be
In arrears to the extent OF about IS per
cent. by July: in the case Of Atlantic
Sugar. arrears amount TO about 80 per
cent, and in the case OF Spanish River
to about ~ per cent. Payments Will
probably begin on Atlantic Sugar this
summer. and there is some hope of
disbursement on Spanish River within a
year The rise in Asbestos preferred is
ba sed on the proba bility that the COM
mon stock dividend will be increased
from to 6 per cent. basis. which
will mean that the dividend on the
preferred must be increased from to
= PEI cent basis the preferred being
participating in any distribution OF prof
its after : per cent. has been paid on
the common. The common stock OF the
company rose from 55ls TO SO within
the week. furnishing the principal price
change among common stocks.
The Bond market was fairly broad
throughout the week, with the 1887 ~
per cent. Victories advancing a smsl Il
fraction to new high record OF 1851
but generally speaking business was
rather quieter than recently.
The Merchants Bank OF Canada an
nounced during the week the issue OF
900 new stock TO shareholders OF
record April 80 az a price OF $3.50 a
share The market value OF the stock ia
now sl93. This Is the sixth Of the char
tered banks Of Canada to make new
issues OF stock since the signing of the
armistice last November. There has
been a very large increase in the re-
sources OF the banks In the last few
years. without any commensurate in
crease In shareholders capital.
New issues Of stock on favorable terms
furnish the banks with an opportunity to
give shareholders what amounts to n
bonus, while Mt the same time the ratio
Of capital to deposits is thus partially
readjusted to the pre-war ratio. In ALL.
now issues of stock by the banks since
November foot up $4,000 900 par value.
OF that amount s3.075,0 600 represents
exchange Of stock in connection with
the purchase OF the Bank OF British
North America by the Bank OF Montreal.
the remainder from new capital.
The sun., 1919-04-08
ONTARIO TO VOTE ON
REPEAL OF DRY LAW
Sale of Beer and Spirituous
Liquors Sought.

TORONTO, April IA plebescite will
be held by the Province OF Ontario on
the repeal OF the Ontario temperance act
and upon measures permitting the sale Of
liquors, II was announced to-day in the
Legislature by Premier Hearst
Questions to be voted on are:
Repeal OF the Ontario temperance
act
Sale of light beer in sealed pack
ages under Government control.
Sale OF light beer over the bar.
Restrictive sale OF spirituous
liquors generally under Government
control.
Although no date has been set, the
plebiscite, It was said, probably will be
held next fall.
The Ontario temperance act, passed
as a war measure. became effective
September Is. 1916. Under It's provisions
sale OF alcoholic liquor was prohibited
except for medical purposes on the order
OF physicians. Liquor, however, could
still be brought from Quebec and the
United States. A large traffic was car
ried on until a year ago. when the Fed
eral Government prohibited the taking OF
liquor into territory in which It was pro-
hbited by provincial acts. This made
Ontario virtually bone dry"
The sun., 1919-04-08
PRAISES WORK
OF FRENCH PLAYERS
Season Closes With Gala Fes-
fiuaI and ForeUeils.

The French Players. who have oc-
cupied the Theatre du Nieux Colombier,
under the leadership Of Jacques Copeau,
during the past season. ended their pro
auctions last night with a gala fest-
val. Between a final performance of
La Coupe Enchangee' and a series OF
impromptu farwells by the various mem
bers of the company Otto H. Kahn de-
livered an address in which he paid
high tribute to the work OF the artists.
Mr.. kahn's address Was a reflection
of the success Of the organization in
helping to cement the bonds of sympathy
between this country and France. He
said he first made the acquaintance OF
". Copeau when the Germans were at
the height OF their furious onslaughts
against Nerduu. when France had the
deepest sN mpathy OF this country
Mr.. Kahn sad that any one who
imagined the sympathy which had been
born then between the two countries had
slackcned since the end Of the conflict
came to know the French might have
found their traits differed from those OF
their compatriots in many spects-that
the French peasant. for instance, did
not have running water in his house
but that did not mean that the bonds
between the two nations had been weak
ened. Nor did the fact that France
now had the fortitude to take an in
domita BILE stand that would prevent a
recurrence Of such a conflict mean that
America was losing her respect for her.
NJ Copeau in making his adteu ex-
pressed the deep sense OF gratitude ~
himself and his fellow players for the
interest and kindness OF Mr.. Kahn.
The sun., 1919-04-08

the International Harvester Company.
the Ontario branch OF the Shoe Manu-
facturers Association, Builders Assoc
citation and the Toronto Building
Trades League had each established
an Industrial council In the ship
building and mining industries a
great deal was being done. II was too
soon to speak OF results yet The policy
OF the Government was to bring the
worker and employer together so that
they could settle their own differences,
but in case OF acute disagreement the
Government should provide some method
OF having the question at issue SUD-
United to arbitration.
Asked IL profit sharing by employees
as a means to stimulate interest In the
business and therefore a greater busi-
ness would be a part of the commits
sion's field Of inquiry, Senator Robert
son simply replied that experience
showed pront sharing to have failed
In actual practice. and that II was much
better to keep the workers fully aware
Of the business of the company. SO that
they might partake Of increased pro-
perity by getting larger wages.
But suppose wages are raised in
good year, would II not be difneult to
get them lowered in q bad one coming
latsrf" he was asked.
THE workers are much more apt to
accede to that II they know the exact
state Of the business, and why the re-
duction 10 made, than IL as at present a
simple announcement IL posted that thers
will be a reduction of 10 per cent, or
whatever It may be-"
The sun., 1919-04-08
LAND ACT CHANGES
URGED BY MINISTER
Meighen Would End Free
Homestead System and Resi-
Dental Requirements.
Special Correspondence TO TIE suS.

OTTAWA, April Among the amend
ments to the Dominion land act which
are being considered by the Government
is one which II adopted will put an end
to the present system of free home
steads and substitute in its place a plan
under which land may be purchased at
nominal fee, probably about 81 an
acre. Under this plan residential re-
strictions will be abolished and cultiva-
ton requirements will take their place.
That these radical changes among 9TH
ers are being considered by the Govern
ment developed when Arthur Meighen.
Minister of the Interior. at a conference
here with western Members OF Parlia-
ment sought to learn their attitude to-
ward the proposal.
In presenting the new plan the Minis
ter pointed out that under present con-
ditlons six months residence each year
for three years Is required of all home
steaders before land can be proved upon.
The average man taking UP a home
stead. he said, has little capital, and the
requirements as to residence prevent
him from taking UP work elsewhere TO
finance himself as he goes along. II the
new plan meets approval tho home
property on cultivation rather than on
residence and this difficulty will be re-
moved
Another proposal presented at the
conference by the Minister was one to
withdraw from demonstrating certain
tracts in the less fertile areas and in dis
tricts which are some distance from
railroads. Land thus withdrawn would
be thrown open for grazing under this
plan. Such lands. IL is proposed, will
be leased for three years, with privilege
OF one years notice should they become
desir able for cultivation, in which case
the lessee would have first claim upon
the 100 acres upon which he had erected
his house and buildings, or he would
have the privilege OF selling at a reason
able rate.
Northern members were particularly
opposed to some OF these propositions,
pointing out the danger OF purchase for
speculative purposes. Another question
brought up was that OF proxies. II was
represented that on behalf OF soldiers
overseas or In hospitals friends at home
should be permitted TO locate for them.
This proposal. however. did not appear
to meet with the approval OF the Minis
ter. who pointed out that the proxy sys-
tenn fell into di<repute years ago. When
large tracts Of land we're thus taken by
persons who were later found to lie
SPECTATORS and not bona fde settlers
Amendments 10 the Dominion land
act will be brought down during the
present session, and the deliberations
which are now going on between the
Minister and the Western members are
for purposes of guiding the Government
in its formation OF the new legislation.
The sun., 1919-04-08
QUEBEC WILL PASS
ON WET QUESTION
Dry Contest to Be Decided at
Polls Of Province on
Thursday.
SMALL VOTE Is EXPECTED
Soldiers in Favor of Light
Wines and Beers, Say
Many Of Clergy.
SMALL VOTE Is EXPECTED
sp.ciol DsspatcA 10 TEE suS.


MONTREAL. April 7.-Thursday the
people Of the Province Of Quebec will
decide by their votes through a refer
endum whether Quebec will be bone dry
province or light wines. beer and cider
will be sold. The campaign Is now In
full swing throughout the province, and
both the vets and the drys are strain
ing every effort ito get out the voters
In both camps II IL conceded only a
small percentage Of electors will 60 TO
the polls. with the possible exception
Of the cities Of Montreal and Quebec.
where the Prohibitionists expect big
majority. In Montreal there are about
1906 electors on the roll. but even
during municipal and provincial cleo
tione, with political parties or organira-
lions working for weeks to get out the
vote, the poll has rarely exceeded 80
per cent Probably only 80 per cent.
will vote on Thursday
Polls will be open from 10 A. NJ. to 6
P. NJ. The Committee of Moderation,
which favors the use of beer and light
wines. has sent out $4,000 cards to
Montreal electors telling them where to
vote. SO far the newspapers have not
contained this information.
II lie intimated that the Catholic
clergy will remain neutral. but Prot
estant ministers are actively campaign
ing in favor Of prohibition. Chaplsins
back from the front declare the soldiers
favor the suppression of hard liquor.
but would like to be allowed beer and
wine.
The breaking Up OF the W. c. T. Z.
tag day in Toronto by soldiers IL con-
sidered to indicate their anti-prohibi-
tionistic feelings.
The sun., 1919-04-08
SPECIALTIES ACTIVE,
BUT VOLUME SMALL
Canadian Stock Exchanges
Show Little General Move
ment in Week.
DOMINION TEXTILE UP
Report That Company Would
Secure 100000 in New
Business Responsible.
DOMINION. TEXTILE UP


MONTREAL, April Except for sons
strength and activity in specialties the
past week was uneventful on the Cana
dian stock exchanges Leaders in the
prominent market groups such as the
powers and steels. were steady to Arm.
but price fluctuations were unimportant
and the volume OF business relatively
small. Dominion Textile showed
strength. advancing 3 points to 10. and
thus equalliny It's high record price, on
the well founded report that the COM
pany would secure about 100000 new
business in connection with the credit of
S25,o0o.o00 being advanced by the Do
minion Government to Rumania.
This order. which is regarded as viz
tually closed, would seem to be one of
the first fruits of the credit arrange
ments recently under negotiation with
European countries Business resulting
from these credits will go far to main
tanning business activity for many in
dustrles through the spring and sum-
mer months. Canadian cottons. follow
ing textile. rose to new high of IS
on Saturday and penmans to 92k.
In speciality movements, the features
Of the weeks market were furnished in
considerable part by preferred stocks.
Semi investment buying OF number Of
stocks in which accumulated dividend
arrears have assumed large proportions,
With the possibility of repayment loom
ing up attractively, has been going on
for some weeks
AS result OF this bSylng. combined
with strictly investment buying OF stocks
Of unauestloned merit preferred stocks
of the Montreal list have scored some
very large advances from the low points
OF last year and the closing level OF
December last. Taking a few preferred
stocks OF the list prices are seen to
compare as follows:
The sun., 1919-04-08

Der OF Industrial issues have been placed
on the market in recent weeks. Ottawa
Gas Company has Just sold an issue OF
tS0O,000 twenty year 6 per cent. bonds
at price to yield the investor over Q
per cent. ; an offering OF $3.50. 900 8 per
cent. twenty year bonds OF Brandram-
Henderson, Ltd. the second largest paint
concern In Canada, has been made at n
price to yield 61s per cent, and an issue
of 100000 bonds of Fraser Bros. &
Co.. Ltd. a New Brunswick lumber con-
Germ which has extended it's operations
into the pulp and paper field. is to be
offered shortly. This follows the sue
cessful sale OF $4,000, 900 Riordon Pulp
and Paper Co. bonds a few weeks ago.
The necessity OF loan at New York, II
such necessity Is admitted, is due to
the exchange situation rather than to a
scarcity Of capital within Canada.
The Dominion Governments an
nouncement of the proposal to appoint a
commission to inquire into the relations
between capital and labor and II possi-
BILE devise a plan whereby labor may
share more fully in the fruits Of industry
has been given q mixed reception. The
Montreal Gazette, which represents an
influential body Of banking opinion, Ia
frankly dubious OF important results.
The Montreal Hes'dId welcomes the pro-
posal as an indication of an enlightened
policy. 1t Is too early to forecast the
probable outcome OF a worldwide move
ment in the direction Of an adjust
ment OF the relations between capital
and labor. Many frankly believe that
permanent results OF a beneficial kind
will come not through constant regula-
ton and interference by governmental
bodies but through private initiative.
backed by common sense.
Canadian business owes much to the
cool common sense that hitherto has
dictated the policy Of employers to en-
ployees and employees to employers. II
may be said with some considerable
mea sure OF truth that Canada Is to-day
about as peaceful and pleasant q coun-
try to live in as there Is in tho world,
and there is good ground for hoping
that the madness OF Bolshevism will
pass without trace Of serious Infection
here.
The sun., 1919-04-08
DRYS LEAD IN MICHIGAN.
Early Rural Returns Are AGAINST
Wines and Beer.

DrTEo.T. Mich, April "A record
breaking vote was cast to-day in Mich
igan's biennial spring election, in which
constitutional amendment permitting
the sale and use OF light wine and beers
oversha Gowed all other issues Scatter
ing returns from S. precincts out Of
$500 early tonight gave $500 for the
amendment and POLLS against il. The
figures are largely from rural districts,
divided among about twenty counties.
A proposal to bond the State for $780,
600. 900 for good roads construction was
leading three to one on returns from %
precincts.
The sun., 1919-04-08
BENEFIT of ORGANIZATION.

When organized a union the EN-
ployees would all be bound for the Pc
riod agreed upon by the Arrangement
made, and IL the employees walked out
In defiance OF the agreement the inter
national union would not only not recog-
nize the strike, but would order the men
back TO work again as il has done many
times in the past
In making this effort to arrive at
some plan which would be start in
the direction OF greater democracy
in industrial life, Senator Robertson says
he knows it IL desired because there
have been insistent individuals and in
terests throughout the country urging
that something should be done inn
mediately IL Bolshevism is not 10
prevail, property and life 10 be held
lightly and the country be .desteoyed.
Many OF these letters stated that the
Government was taking a grave respon-
sibility in not taking strong measures
and throwing into prison those people
said TO be agitators. In his opinion that
was not the remedy.
III we want TO bring about a condi-
ton OF Bolshevism that is the way to do
IT," said the Minister.
Last Friday Senator Robertson con-
suited twenty Ave OF the leading cap
tains Of industry in Canada, and they
gave enthusiastic assent TO the idea that
a plan should be formulated by COM
mission composed OF men who would
merit the national confidence rather
than by a formal Government measure
prepa red without such consulting.
we are asking commission to in
quire about this because the Govern
ment wishes to practise what II
breaches" said Senator Robertson. 1T
quire than to pass compulsory legislation
without consultation. Any legislation
to be effective must be based on will
lin2ness OF worker and employer to CO.
operate and understanding Of the basic
fact that each Is necessary to the other
and a growing confidence IN each in the
good faith Of the other
The sun., 1919-04-08

The growth OF business with Austral-
asia and South America lie OF particular
interest, as these are fields to which
the Canadian banker and business are
looking with confidence for important
results in the near future. Provided the
Government owned fleet OF merchant yes
SEES now under construction Is wisely d.
rected there is good reason to believe
that the Canadian exporter will be able
TO make a strong bid against European
and United States competition in many
lines of business, both In Australia
and in countries like Brazil and the
Argentine.
The sun., 1919-04-08
RECORD SOON
FOR PULP AND PAPER
Large Manufacturers Are In
creasing Production.

MONTREAL. April --latest trade re-
turns published here show that the pulp
and paper trade OF the Dominion is fast
approaching a record fgure. and as re-
suit OF this condition extensive propara-
tons are being made by some OF the
largest manufacturers for expansion OF
n character which will allow a greatly
increased production one Of the latest
steps to be reported in this direction Is
the erection at Edmundstou, New Bruins
wick. by Fraser Bros. OF 5000 ton
hleached sulphite mill. The necessary
funds for its erection have been supplied
by a 100000 bond issue underwritten
by the Royal Securities Cooperation.
The returns for January exports fol-
Ipu.
The sun., 1919-04-08
Employers Are Helping.

Senator Robertson said there is ample
evidence OF the Willingness on the part
of employers generally to meet this sit
uation in a fair and equitable manner
one evidence OF IL was the fact that
employers generally had adopted the
policy OF the Government in retaining
from any attempt to reduce wages until
the cost OF living had gone down. Be-
fore the war. under circumstances SINH
lar to the present. with men plentiful,
there would have been a reduction in
wages.
1t would appear probable that a COM
mission sent out to inquire as to
possible plan for representation on ad-
visory councils in various industries
would get information which would make
It possible for the plan to he adopted
only by organization both Of employers
and workers. Because OF tho situation
existing as TO export business. trade
associations or guilds OF employers in
various industries are increasing from
week TO week. Organized labor would.
under the new conditions, undertake to
complete the organization of the work.
ers OF the country into units. On that
basis the plan could 20 ahead, and In
constant contact around a table a chance
TYould be given for the plan to work
out in better relations between employers
and employees.
1t is easy to see that the plan would
have no chance of success unless or
ganized labor were in sympathy with It.
There have been, In 1918 and later, con-
ferences between representa- tives of the
Canadian manufacturers Association
and the Trades and Labor Congress To
come to, some decision with regard to
public policy satisfactory to both that
had been successful, and since then much
had been done in a voluntary way along
the line OF advisory councils.
The Imperial OIL Company OF Canada.
The sun., 1919-04-08
SAILED FOR NEW 1on4-

SIS Carrillo. from Bordeaux.
SIS Borneo. from AmsterdaR.
SIS Santarem, from HAVE.
Sc Mexican, from St. NaLairs.
So Charlton Hall, from Santos.
Sc Flortdian, from ST. NasairN.
IS Ssxonia, from Liverpool.
IS Canopic, from Gibraltar.
Sc SURNAME. from ST. Nasaire
IS Nieuw Amsterdam, from FAlm0uSA.
Sc Mobile. from Liverpool
SIS Stanfs, from Liverpool
IS Monte Rosa, from Genoa
ss Norfolk Range, from Genoa
SIS Paulsboro, from Gibraltar.
SIS Evelyn. from Fowey.
SIS Caller. from Cardiff
Sc Messins. from Cardiff.
SIS Governor John Lind. from saBtsA
SIS Oscar IL. from Shields.
Ss Vitelli from Glasgow.
So Francisco, from Hull.
81 Shonga. from Sierra Leone
Sc Nauban, from Buenos Ayres.
The sun., 1919-04-08
ARRIvALs-NoNDAY. APRIL 7.

IS Msuretania, Brest, April /.
Sc westchester, Nantes, March n
SIS Caronia, Liverpool. March 70.
Sc Andyk, Rotterdam. March %
IS West Eldors. CHR altar, March
IS c. Lopez = Lopez. Cadiz. MarcA =
Sc virginia, Port Arthur, Tex. Haruh -
Be- Arapohoe, Jacksonville, April 4
Sc Lake Orange. Nuevitas, April l.
IS Muncsster Castle. London, March -
SIS Abonema. Freetown. March 1e-
Sc EsperanEs, Havana. April ..
Sc Charybdis, Bermuda, April 1.
Sc Helen, San Juan, April
&c Lake Gravett, Sanati, April ]. a.,
SIS Ell Sud, Galveston. April 2 4
Sc Lake Mattato, Philadelphia, xDx0& y