davidaulloa/AmericanStories huggingface dataset:
The central record. (Lancaster, Ky.) 18??-current, 1919-09-04

The reasonable man adapts himself
to the world: the unreasonable one
persists in trying TO adapt the world
to himself Therefore all progress de-
ponds on the unreasonable man.-Ber-
nard Shaw.
The central record. (Lancaster, Ky.) 18??-current, 1919-09-04
They S.ili Survive,

Our young friend Clarence Snod.
grass says he sent a dollar to Chicago
for "Never-failing Cigar Lighter"
and received by mail box of safety
matches.-New Orleans States.
The central record. (Lancaster, Ky.) 18??-current, 1919-09-04
Slam at the Gentle Sex.

IF dar was any sho-nufi beautiful
mermaids, said Uncle Eben. IA lot o.
human ladies would git jealous an
drown deirsefs tryin' to initiate EN-"
The central record. (Lancaster, Ky.) 18??-current, 1919-09-04
Paws Here for Reflection.

Said the facetious Teller. "The main
difference between valuable city prop.
erty and valuable dogs is that the v.
G. p. is sold by the front foot. while
the dog Is jest charged for all over"
The central record. (Lancaster, Ky.) 18??-current, 1919-09-04
Avoid Extreme Views.

Extreme views are never Just some.
tang always turns NJ which disturhs
the calculations formed upon this data.
-Disraeli
The central record. (Lancaster, Ky.) 18??-current, 1919-09-04

The Atlantic may be only &c
hours wide, but I'm just as deep as
eyer.-New York Sun.
The central record. (Lancaster, Ky.) 18??-current, 1919-09-04
Churis.

Money may not bring happiness. but
many people believe that the two
travel in company Boston Trans.
cript.
The central record. (Lancaster, Ky.) 18??-current, 1919-09-04
Very EeNL Are

mo man ! ever saw" said Uncle
Eben. ''was quite as good his own.
sef as he thought ev'ybody else ought
to be-"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-23
Varied Phases Of Finance and Business - |

ment of interest on certain loans, it is
unable to bring the figures for expen-
diture in 1919 below $4,000 200, 900
francs. NJ. Ribot says that the total
income of the French people is 100000
100000 francs. Thus it is necessary
for the state to demand half the re-
sources of its citizens. Of course. it
is impossible to go as far as that. The
government thus far seems on the road
to obtaining 9,o0O,OOo,oOo francs. and
M. Ribot thinks it is possible to get
l1,OO0,0O0,000 francs. That is large
figure for a nation that has Just lost
100000 of its best producers and had
six departments invaded departmen
which produced alone one-seventh of
the total treasury receipts. Thus,
whatever happens, six or eight billions
are lacking this year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-23
The Dollar in f Foreign Exchange

Dealers in foreign exchange last
week reported somewhat larger offer
ings of sterling bills, which indicated
a broader export movement of COM
modities. Changes in rates as a
general thing were small and without
particular significance.
The foreign exchange manager of
one Of the largest of the Wall Street
banks expressed the opinion at the
close of the week that no great increase
in foreign exchange business could be
looked for until after the peace terms
had been definitely settled.
Further large credits are expected to
be granted to foreign countries by
American banking groups. Belgian in
terests who recently obtained $50,00O,-
600 here on acceptance credit, are now
IN the market for much larger
amount. Other similar arrangements
will probably be made by other coun-
tries in order to obtain credit for the
purchase of commodities.
If you calculate the cost of the dol
lar In term, of foreign money at par
value-that is, if you were buying dol
lars with pounds, marks or francs-its
value at the close of last week, as COM
pared with year ago, would be about
as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-23
Buying Of Smaller
Size Machinery Active
More Repair Work on Heavier
Equipment Also Is
Reported

y heavy inquiry has developed for
small machinery, such az pumps. en-
gines and motors. which. even in 1orco,
orders, do not involve an expenditure
Of more than about 10000 There
seems to be reluctance among con-
sumcrs to go much beyond that figure
Tor the present, according to one manu-
facturer, and this is the reason for the
absence of inquiry for large machinery.
At the same time, he stated, repairs on
large machinery are heavier than thew
have ever been known in the industry.
Inc users OF large equipment are
sasd 10 be holding off in the hope that
prices will be reduced or that they will
ne able to purchase the stock TO be
disposed OF by the government. which
10 already asking for bids on certain
lots OF it's accommodations and giving
the makers at well as the consumers
the opportunity Of buying.
Raw materials for the manufacture
OF machinery are reported AZ more
easily obtainablc, and the jndustrv
would be prepared to 20 ahead at full
speed were IT not for the problem Of
tns cost Of labor. Manufacturers de-
Sia,e mat there arc plenty Of men TO
De mad, but the question Of wages was
holding up their programme.
export inquiry fs increasing. but
cwsng TO the chipping problem IL Is
Ginieult 10 ten what viii be the anaj
result OF these inquiries.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-23
Pillaged and War Worn
france Wants Only Justice
Economist Tells of Huge Losses and of Need for
lndemnities to Enable His Country to Recover
From the Devastatio Wrought by the Hun

if not entirely lost The remainder,
borrowed or bought by the state from
individuals, went to New York as col
lateral against loans made before Amer
lea entered the war. To-day France is
no longer a creditor for 100000 900, but
debtor for 1850, 100000 francs, and
instead of seeing Sillio.: and half in
gold flowing annually into hor Golfers
in the form of interest, a similar sum
must flow outward. This means dis
tinct andlasting mpoverishment
even all these sacrifices were not
sufficient, and it was necessary to go to
the Bank Of France. Supported by the
Bank of Algeria, that great French in
stitution advanced to the state $780,
100000 francs in banknotes. This is
at once the easiest and most dangerous
form of loan. For q while it gives the
appearance OF greater nominal wealth
by the multiplication of monetary SYM
bols. but it reduces their purchasing
power, contributes to an increase in the
cost of living, and in the long run may
produce dangerous social uneasiness.
Therefore, the French government has
as it's first duty the task of Reimburse
ing the bank from taxes on products.
"Observe, then, that in the struggle
just ended France spent her resources
and credit to the extreme limit Over
and above taxes drawn from her exist
ing wealth and savings she spent 1O8,-
200,000,000 francs of her future wealth
in the form OF bank notes, II 300 900, 900
francs in the form Of foreign credit,
1880, 100000 francs in other securi-
ties, whence her war debt of 1853 ,0OO,-
100000 francs. But If you add to this
the value of property destroyed and
pillaged by the enemy and of machn-
cry carried off, plus $4,000 0OO0O
francs in pensions TO mutilated or
phans, capitalized at 10000, 100000
francs, you find that the four-year
struggle leaves France in debt to the
extent of about 100000, 100000 francs
"This, at the very moderate interest
of per cent, represents an annual
burden Of 12,ooO,ooO,oOO francs. The
total French budget before the war
was 5,oO0,000,000 francs. Admitting
that civil service expenses remained the
same-which is inexact. for they have
increased considerably -the budget for
1919 reaches O0,OOO,OO0 francs. al
though even this figure does not in
clude appropriations for Rehabilitation
and the redrection of economic ma
chinery. The budget committee of the
Chamber Of Deputies recently an
nounced that, with rigid reduction in
expenses and even delaying the pay
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-23

"The whole world is inflated. A
great opportunity, therefore, awaits
the country which is the first to be
able to begin marking down it's
p;:c"s toward peace levels. The
world needs US and what we can pro-
duce. 1t needs copper, cotton, steel,
machinery and many other things.
Some of these it will take at any
price, but it will take more if our
prices are such as to invite foreign
trade" Such is the opinion of A. c..
Miller, of the Federal Reserve
Board. If this were country de-
tached, a world by itself, it would
make no difference whether the level
OF prices were the present level or
three or four times as high, provided
the wages of labor and all other
things rose correspondingly. But
we have to do business with other
nations, and the lower our prices the
more we can sell them.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-23
Waiting Anxiously
Conference Decision

do you understand, now, the anxious
lmpatlence with which the whole ma
ton has awaited the decision of the
Parls conference in regard to the war
lndemnities payable by Germany? To
be sure, we know that the enemy can
not give back all the war made US lose.
She herself is much exhausted and
other nations have just claims.
Our lnsistence is not that of a vic.
tor exacting a large share of BOOTY. but
OF nation unjustly and cruelty
harmed asking for PREPARATION that will
allow it to recover. Our demands are
not born of the love of money. We
know American soldiers were some
times shocked by the excessive prices
asked by greedy peasants But let
them compare the dollars they have
lost with the sacrifice these same peo-
pie have borne so heroically. TO un-
derstand is to pardon says our old
proverb. So we need not only Ameri-
can indulgence, but also active SYM
pathy. France must look in the future
TO American capital, as in the past
america looked to French credit.
moreover, the richness of our soil, the
industry of our families and our econ
verbal =
Il hope to show in future articles
that the industrial and economic re-
sources of France justify our American
friends in continuing the confraternity
OF arms in the form of business col
laboration."
(Note-Figures given in the above
article are for the date of the signing
of the mistice.-Editor.)
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-23
Livery Question Answered In This Handy Tax Manual
Days Free Examination (f :ssr, I PA sss
Send No Money-Nothins But he Coupon

Aol year the Income Tax had good many men pu
~ zlcd clear up 10 the last and left good many
firms with dangerously depleted bank bancesserous crippled for
lack of working funds.
lhs because the provisions and Profit,
axes are many OF their phases perpcxng than And
also more OF strain the bank Under the Revenue
b'on the same net income net profits last yearyour
be from hive than you paid last March,
The question OF how much money be taken out YOUR
plans for the year. The Of accommodon needed
from your bank plans for additions your factory
all be involved With the effects Of the far-reacno no
hrm or individual afford take chances going wrong
Getting clear understanding of just how deep the Income Tax
to bear into your business be turned into yerv
simple No need pay big fee for expert advice
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-23
Ne1r York Tribune
Special Gable Serpicc

PARIS. Feb. 22-The Tribune has
secured from Frances Delaisi, a brill
liant French writer on economic and
financial questions, an authoritative
series of articles on the situation to-
day The first of these shows the ter
riblc cost of the war. Others, to follow
later, deal with the economic and in
dustrial situation. NJ. Delaisi says:
ave are demobilizing. After the
undiluted joy of victory, with the prov
inces liberated and AlsaceLorraine re-
covered, the soldier takes off the hori
zon blue and assumes with his old
civilian clothes his old occupations and
prescriptions.
France must live. She is now draw
ing up accounts, calculating losses,
making an inventory of her resources
and planning her future. 1t must be
said that the present is far from gay.
One million, six hundred thousand dead,
$4,000, 100000 francs of property de-
stroyed ard pillaged in the occupied
regions, 1853, 900 900 war debt-that's
the situation. Not many weeks ago the
French government estimated 250000,-
100000 francs as the sum to be repaid
by the enemy, not wanting some to be-
lieve that France counts on the lions
share Of the booty. We know that Ger
many cannot repair all the losses
caused by her foolish pride. Yet people
abroad understand but imperfcctly the
tragic situation of France because to
her fell the perilous honor of serving
as battlefield for the worlds liberties
for fOu,. vaarc
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-23
Army Life Aid i'm Business
Manufactures Finds DISCHARGED
Soldiers Work Better

prominent sweater manufacturer
has found that army life and discipline
have rendered several of his workmen
more efficient. He has noticed the
improvement in their work since their
discharge from the army and the re-
sumption OF their old places in his
factory.
His experience is being made public
through the Sweater and Knitted
Textile Manufacturers Association.
The board of directors of this organi-
zatlon has adopted the following reso-
luton:
THAT it be recommended to this as
ISOLATION and to the industry through
out the country that every effort should
be made to employ knitters and others
who have been in the service Of the
United States, thus benefiting them
selves and improving the labor eff
ticiency of the Industry"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-23
New England Cotton
Takings Decrease
January Marks the Beginning of
Expected Decline i'm
Receipts
Business NcWs Bureau
Special observation-disclosures

777co'e1V Gut Tt"VUWttNCC
NEW BEDFORD, Mass. Feb. 21-
During the last month 35.518 bales of
cotton arrived in this city from the
South destined for the textile mills, a
decrease Of 1872 per cent from the
receipts OF January, 1918, which were
a3't42 bales. This marks the beginning
OF the decline in the movement of cot
ton, as the figures for the preceding
three months were far in excess Of
those of the corresponding months of
the previous year. The receipts of this
year are still in excess of the previous
season by 1896 bales.
Nlgures for the two Years arc.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-23
A Few of the Points
1t Clears Up

How to Compute Tn
vested Capital" under the
Excess Profits Act-ell the
pulling points made clear.
How TO handle undis-
tributed surplus or undi-
Vided profits.
How to handle cancelled
contracts.
How to handle deprecis-
ton of assets.
What t o do with bad
debts"
How to make correct d.
auctions under the head Of
"Losses"-information that
covers widely varied cir.
cumstances.
How to handle shrinkage
IN the value of collateral
securities or investments.
How to treat dividends.
How to handle interest
upon State. county and
municipal bonds.
What to do with interest
received on Liberty Bonds.
How interest on what
you owe may be charged
off.
How to determine allow
able deductions under the
head OF organization and
business expenses.
How to determine what
personal expenses incurred
by corporation officers or
partners can be classified
as necessary business ex-
penses.
How to treat deferred
charges.
How to handle inyen-
tories.
How to determine e2-
emptions as applying to In
dividuals.
How TO arrive at gross
and net income in any
given case.
How to determine when
expenses against source OF
income can be classed IS
allowable deduction.
And every other poirt
affecting the calculation OF
your tax or the making OUT
of your return.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-23
res Tor The two years are:

There ave l23,343 bales of cotton in
the public warehouses here in addition
TO large amounts stored in the mill
w.arehouses. The period Of congo stion
N the public storage rooms is now
over and shippers already have ar
engagements under way to make use Of
the available space for unsold cotton
so that the mill agents may have the
opportunity Of inspection before pur-
chasing.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-23
Finance Economics

The necessities are the only things
that people do not want. Jewellers
report an amazing increase in the
demand for their products. The
automobile inG@stry is going ahead
with confidence. According to an
estimate of "The Iron Age" more
than 80 per cent of the business now
being done at the steel mills is in
sheets for the automobile industry
These are the Injuries of life. But
the makers of iron, steel, textiles
and all the basic things of earth sit
nesitant and idle and in fear.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-23

determining whether the time is ripe
for pushing development work on
new ore land.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-23

A particularly poor time for the
mining of copper is a particularly
good time for development work.
Much of this has been abandoned in
the last few years because the COM
panies have been compelled to devote
al their energies to current produc-
ton. A sign that copper producers
may turn to this work in the present
days of surplus is furnished by the
American Smelling and Refining
Company's present survey of it's
Mexican properties with view to
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-23
Gl.ibune COX Service

nected with his business S3.000 eoh-
Please state which of the above ia.
are deductible. ''ems
Answer-You are entitled to H.,
all state and local taxes excent tssSu
assessed against local benefits uss
repairs, except those which are in ~
nature OF improvements and hat,a"e
ments. You may also deduct intsrea.
paid on mortgage or any other fors
of personal Indebtedness. ''@
Excess profits taxes levied mr. :.
sessed on 1917 profits and paid in ,e az
are not deductible from 1918 income
Losses incurred in transactions on.
side your regular business NAV he ~
Quoted from the total of other items ~ :,
income. VI
Question:: (a) Can you deduct VOW
commutation fare from the income t ,as
report? OBJ Can you deduct the amo,,ns
contributed to Red Cross and
{. A? (c) Do You have to include in
terest from Liberty bonds? ~
Answer: (a) No. CD Amounts con
tributed to Red Cross and Y. Nj. c. A.
may be deducted in an amount not ~
excess of 10 per cent of your net inv
come, computed without the deduction
OF your contributions. (cl Interest on
Liberty bonds of the first issue Is er.
empt from tax. Interest on suhseousn.
issues is exempt only to the extent
provided under Liberty bond act
namely. interest on $4,000 of The
iourth issue; interest at Ne times the
amount OF your original subscription
10 the iour'h issue, but not in excexs
OF 94o,OOo, and interest on 5000 IN
the aggregate of the second, third and
fourth issues. In addition to this
amount interest on $4,000 of the 6rss
issue converted into the fourth ;s nnss
is exempt from tax. '10
Questions: A. My husband il a f;rs.
lieutenant Infantry in the United
States Army. AS l understand II. h;s
salary as such is exempt from taya.s
ton.
B. I, however, have a personal In
come OF S1,S20 year. Am | exempt
from taxation because this amount IL
under $4,000 and | am married?
Z. VIII you kindly advise me also
whether, IN the event that | am other
wise exempt from taxation, it is neces-
sary Tor me to report small personal
savings account of about $1,000?
Answers: A. Salary or compensa.
ton not in excess of $500 received
from the United States during the
present war for active service in the
military or naval forces of the United
states is exempt from income tax.
b. If the total income received by
your husband and yourself, exclusive
of the amount exempted above, is
$1,000 or over you should file re.
turn, otherwise not.
{. Interest received from or cred
tied to a personal savings account is
taxable income.
Question: Will you please let me
know the rating as It applies to tax
exemptions for salaries of government
employees in Connecticut? | was ap-
pointed by the Director of States Re-
lations Service, L. S. Department of
Agriculture, and am under the juris-
diction of the Connecticut State Di-
rector of Extension Service in Agri-
culture, my salary coming from Wash
ington.
Answer: You are an employe of tie
Federal government, and if your net
income is in excess of your personal
exemption it will be necessary for
you to file a return and pay income
tax.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-23

The illuminating monthly letter of
the First National Bank of Boston
allows itself to overlook something
in discussing the labor situation.
while it is true" it says, that
with the return of the men in the
service there will be a material in
crease in the supply of labor as
compared with the present volume,
it unfortunately is true also that
after all have returned there will
be smaller supply of labor than be-
fore we entered the war" This is
more than doubtful The bank is
thinking of the manned and the
killed. But the actual number of
killed is industrially negligible,
while the productive power of the
wounded is by no means altogether
lost. Overshadowing both these fac
tors is the great number of women
who entered industry during the
war, partly from necessity, partly
from the temptation Of high wages,
partly from patriotism, but who,
once having taken work, are loath
to give it up. This influx of women
may be embarrassing at present. 1t
helps to create or increase the sur
plus of labor. But ultimately it
cannot be otherwise than beneficial.
The increase in workers, once it be-
comes absorbed, as inevitably it will,
increases the current wealth output
of a nation by just that much,
so that there is a greater supply of
goods and services for all.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-23

There is a further advantage.
Every man, woman and child in the
country is a consumer. Only COM
paratively few Of us are producers.
The producer must support not only
himself, but dependents. The en-
trance Of women into industry in
creases the proportion Of producers
to consumers. If it is important to
know what given wage will be it is
just as important to know among
how many persons it will be divided.
Thus, even if the actual wage level
I'm terms not Of money, but of pur-
chasing power) should go lower
than before the war, the per capita
wage level may still be higher. Of
the two the per capita is the more
important; it is that which ultimate
y determines the prosperity of a
country. To take a concrete instance,
let us say that a workman who. be-
fore the war, had five dependents
and received $50 week should now
get only comparative purchasing
power of $3.50 a week, but should
have only four dependents. His &C
tual wage would be smaller, but as
it would be divided among only five
persons the per capita wage would
be $3.50, as against IS before the
war.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-23
How Deep Will The Income Tax
Cut Into Your Bank Account?

VIE GATE filing nlnIuds
tn entire If
by these hangSo
Capta" CrodW
determined hamounty
wi Whynk
al prLs Ant
to Ay have mmu
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-23
Uncle Sarn Still Has a Big Job
Ahead; Help Him by
Paying Your Income
Tax Promptly

THE Federal rcremuc lac, under
Il achich 1918 income is tarcd, is in
some respects a highly technical docu-
ment; and it fcW be further complicated
by rulings and interpretations of the
Treasury Department. The taxpayer mag
find it hard to amswer such questions
as how much tor must be paid. hoao to
pay the tar, hoac to fill in the forms on
whteh returns must be made, to avhat
extent, II any, an income is exempt from,
the Levy, etc. The corporation may find
1t equally difficult to solve problems
connected Nth the income, qcar and
excess profits imposts.
The Tribune has therefore provided
this Tar Service Department. Through
the courtesy Of the Guaranty Trust
Company of New, York,