davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-02
Professor Davenport argues tina

FrofessOr Davenport argues that
Americas ambition to have a
great merchant marine is econimi-
caiiy unsound and pushes the logic
oil his case to the extraordinary con-
clusiOn that the ships we have on hand
are 'Jonahs." 1t is perhaps we'll to
get that side of the case stated. for
the subject is controversial and the
whole affair is an adventure. 1t is
necessary to say, however, that Pro-
lessor Davenport's views are not the
Tribune's and that the Tribune dis
sentss from his conclusions.-Financial
Editor.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-02
Notion Must Buy
If 1t Would Sell

Unless, therefore, we are wiling to
buy individual products from other
nations we must forego selling them
ours. They will have to produce for
themselves what they might better buy
from US with their products. We shall
have to produce for ourselves what we
might better buy from them in ex
change for our own products.
Monetary movements enforce the
same truth. If it were otherwise pos
sible for us to sell without buying
to export without importing
should be merely accepting money as
import instead of goods unless, that
is. we preferred to give away our goods
in order to get rid of them. Better
then. sink them mile or two cut at
sea rather than to burden ourselves
with the longer purposeless voyage
Markets in which merely to deliver
goods without bringing back are q
Mnatic aspiration. SURPRISES disposed
of in this way are just so much worse
than nothing as is the cost of them
Instead of producing them, we should
better have played leap frog or ring
around the rosy-or, perhaps, drop the
handkerchief. We should still! have
the handkerchief
And if we persisted in getting some
thlng-but not goods-we should have
to bring home money This looks good
on the face of it. Don't everybody
want more money? But money is, by
It's very nature and definition-good
only for buying things. Whatsshould
we do with it? True, the importer
might buy homemade things. But
there are no more of them here be-
cause of the money Money does not
help the country in terms Of products
any more than a credit expansion can
supply warning nation with goods OF
home production. Importing money
would make money plentiful. 1t would
get cheaper as it got more plentiful.
That is, prices would rise with US.
The increasing dearth of money in the
buying country would lower prices
there. A high-priced country cannot
market goods in a low-priced, or the
iow-priced buy goods of the high
priced. The producers in the high
priced country wilH decline to cxport
them. it paying better to sell at home.
This process of attempting to sell
goods without buying sets, therefore,
its own limit-pronounces its own veto.
its net result is to impose economic
isolation for itself and for other coun-
tries, convicting God of having made
the world too big. 1t cancels the BEN
efits Of specialization, changing the
world economically into cluster of
foolish moons-lunatic subdivisions, in
the strict and original sense of the
word. Trade barriers are at most times
just one degree sillicr than "business
rs usual" in war time.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-02
By II. !. Davenport
Professor of Economics IN Cornell
University

Professor of Economics IN Cornell
University
PRoBABLY no one doubts that as
l. one aspect of our war undertaking
the building of ships was imperative.
Nor will any one question that, as a
line of business venture, shipbuilding
i'll America had been a languishing in
dustry. With the displacement of
wooden ships by steel America with
drew from shipbuilding. Our advan-
tages in cheap materials Of timber was
changed into an even more marked
disadvantage by dearer materials of
steel. Europe could make steel ships
cheaper than we, and with a lower
wage level could operate them at a
marked relative advantage. Only in
coastwise shipping did America hold
it's place-and there only by legal re-
strlctions against outside competition.
But the war forced US into the build
ing of ships. 1t was not question of
gain. Probably, indeed, it could not
pay. But shipping was necessity for
war, if for no other reason than that
we must feed our allies. Business on
terprise would have none of it. The
hurry of building and the inflated costs
OF war time construction made it a
government enterprise, a war measure.
IN competition with the pre-war sup
ply of shipping, as also with the pros
pective postwar output. our ships are
vastly overcapitalizcd. Only Sc long
as the dearth of shipping continued
with the attendant high rates, could our
new ships promise any reasonable re-
turns on their cost. When other ships
are enjoying fair returns our margins
will be scant When business is competi-
lively close with other shipping ours
will be operating at a loss, unless much
to war expense.
But. even so-and so it will rightly
have TO be-what remain the prospects
of The ships that we have already
built, as also of those others that we
have already started to build and must
see finished? We had to make ships:
what now arc they likely to be good
for?
What, considered in the strictly eco
nomic aspect, is the case for an Amer
lean merchant marine? When once we
have answered this question we shall
know what to do with the ships that we
already have as we'll as with those that
we have now building
WIFI -
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-02
Corporate Returns

Consumers Power Company.-Gr Gross
earnings for December were S69l, sol.
Net earnings amounted to $37l,6l6 and
surplus after charges was $104,777.
Gross earnings for the twelve months
totalled $6,608,100. Net earnings were
S3.383,994. After charges had been
paid surplus was $1,441, 1888
Chicago Rock Island & Pacific Rail-
December gross. So, 423, 1886 Inc 1918, 66e
Net operating def. 7o3,753 Inc. 2,3o7.b scr
Twelve mos. gross 90. a69. 557 Inc ID. i6o. Oo7
Net operating inc 8,2ii.683 Dec s,2sO.o76
Denver & Rio Grandc Railroad Com
pany
December gross S2,a69. 532 Inc. S48b. 1884
Net operating inc. 3668oO Inc 4es 4s
Twelve mos. gross 81 ,3522iI Inc 2o2 Cl76
Net operating inc. s, a34.32l Dec / .oSt, o3f
Western Pacific Railroad Company
December gross. . . 1901 Gd3 Inc goH
Net operating def tA0g2o Inc All e0n
Twelve mos. gross Ii, 065 063 Inc 1 1872 APO
Net operating inc s.57530t Dee aat esO
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-02
Advance Guards of Commerce
Pave Way for Trade Expansion
Government Scouts Seeking Out Markets for lndi-
vidual Firms, as Well as Industries i'm General
Stimulating Imports to Stimulate Exports

purchase them from her she will be I'M
able to buy from us on large scale.
Specific information of this kind,
relating to detail in every country, we
hope to be able to make available to
American firms in order that foreign
commerce may be two sided"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-02

persona exemption. $4,000
In the above table it is assumed that
the income does not include corporate
dividends or interest on Liberty bonds
or War Finance Corporation bonds
which are subject only to surtax. If
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-02

"The new fields opened in North Cen
trail Texas" observes "The Derrick
"were the most sensational feature Of
1918. Tests were made over a section
for $50 miles north and south, and Of
varying width. A large proportion of
these came in gusher wells, with pro-
duction ranging from 1000 to 5000
barrels. The result is that an immense
region promises to be productive oil
territory, as it is scarcely possible that
so many tests would find oil unless the
field was an eXtensiv" one and the oil
sand generally continuous The field
has not yet shown its possibilities, as
the long distances of the wells from
transportation have forced the owners
to shut them in, or at least choke them
down to the available tankage and pipe
line capacity. it is expected that the
larger increase in the output for 1919
will come from this region"
Oklahoma Loses Lead
Oklahoma stood at the head of
petroleum producing states in 1916 and
1917 with larger output than any,
which had formerly held this honor.
However, Oklahoma furnished about
one fourth of the total output of the
United States last year, and the vast
extent of its prospective oil territory
makes it possible that it will long
hold nigh position. Only few pools
were opened in the state during 1918
but some Of the older ones were cx-
tended, and tests made indicate that
the hunting is still good. Search is
being pade for deeper oilbcaring
sands with fair results.
Wyoming oil fields are still in their
early development, and have not
reached a stage for an estimate Of what
the future may hold for them.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-02
Advantages of
Division of Labor

The general principle of the division
of labor is familiar. 1t is not wise for
each of us to be his own blacksmith,
tailor. carpenter, shoemaker, butcher,
baker and candlestck maker. The
larger aggregate product and the greater
individual advantage are found in each
producer following the lines of his
especial advantage and exchanging his
product for the product of others. The
isolated man--thc pioneer chap or the
Crusoe fellow-sufFers by the very fact
that he misses the benefit of his own
specifications and the opportunity tn
share in the Specifications Of others
Having to do many things, he does no
one OF thems we'll. Our command Of
corn and bananas is greater through
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-02
Provisions for
Specific Exemptions

In addition to the above credits for
normal tax, the 1918 law allows the
same specific exemption as the act of
1917, namely, the exemption of 81 900
in the case of a single person, or 81 900
i'll the case of a married person tving
with husband or wife, or the head of a
family
A further exemption of 5000 is al
lowed for, each person dependent upon
and receiving his chief support from
the taxpayer if such dependent is an
der eighteen years of age or is in
capable of self-support because mem
tally or physically defective. Under
the 1917 law this. exemption was limited
to the parent of the dependent, but
under wording of the present Law the
exemption is-not thus qualified
In the following statement of the tax
of married person with five dependent
children the method of determining the
amount of income subject to normal tax
and to She surtax is clearly set forth.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-02
The Economic
Side of 1t

1t is not to the purpose to point to
our prospects of a growing foreign
trade-or for that matter to deny
them. Presumably, however our over
seas trade, though possibly growing, is
to form a constantly diminishing frac-
ton of our total trade. AS our coun-
try becomes more densely populated
our industries will take on more and
more the same general character of
those Of other countries in the tenn
perate zone. We shall trade with the
tropics in an increasing share and with
the Europeans in a diminishing share
More and more our export trade will
be with the countries whose products
do not duplicate ours-with the tropic
zones rather than with the temperate.
The great flow Of international
freights over East and Westslnes will
change in emphasis to a North and
South movement. Slowly, but surely,
the industrial centre of the country
now to the east of the population CEN
tre-will shift westward. The future
domestic rather than foreign.
But still there will be a great ship
ping industry probably an increasing
! industry, in absolute though not in rel
alive terms. Nor does it matter for
present purposes whether it runs the
more or the less in new directions.
Our sole question, then, is whether
American or foreign shipping shall
carry our American trade. And this,
as now limited and restated is a purely
economic question.
SO stated, the problem finds its sou-
ton in the general principles deter
mining the distribution of industries
and the interchange Of commodities
and service between countries. Can
ada may raise its own bananas, if it is
wiser to produce them than to raise
something else with which to by
them. Kansas may be great manu-
featuring state, were it better worth it's
while to turn its attention to manu-
! featuring, on terms of corresponding
displacement of agriculture 1t is a
choice; the same men cannot do both.
Advantages of
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-02

A question which in many cases mas
caused confusion is the amount OF the
exemption allowed where the status q
an individual has changed during tie
taxable year. The department has
ruled in such cases that the status at
the end of the taxable year will govern
the amount Of the exemption.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-02-02

A CCURACY in the preparation of
~ income tax returns for the tax
ahle rnan. 1Q1 3 l. a;.ll.. -:
The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1919-02-22

Of an Amy officer, also new TO tne
city.
It'll just call up the war depart
ment and get his address in minute
he announced to his wife.
Having finally got the department
and stated his business, the inquirer
was referred to the adjutant generafs
Office.
"Have you got itT' inquired his
wife.
The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1919-02-22
Baopipes Are English.

It was actually Scotsman, and no
less a man than the lord advocate OF
the time, who publicly declared 5O
years ago that 1.-THE bagpipe is an Eng
lsh instrument, essentially English;
the English were the original bag
ppers." He pointed out that, while
Shakespeare often speaks Of bagpipes,
he never does so in Macbeth" and
that it is in Lincolnshire and York.
shire that he localizes the pipes.
To Chaucer and Spenser also they
are English. James ~ and other
Scottish kings paid for "Inglis pypar-
is" at their court, while Edward l, Ed
ward III. Henry " and Henry VIII
seem to have had native pipers. The
Highlanders never used the pipes in
war before the fifteenth century; the
harp was Scotland's instrument.
The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1919-02-22
Oldest Chinese Holiday.

What is probably the oldest Giving"
anniversary still is celebrated in
China. It is that of the birth Of Con-
fucius, and falls on the day known
to occidentals as October l. The Can
ton Times Of that date says:
Canton streets are in their holiday
attire today in honor Of the anniver-
sary of the birth of COnfucius. Shops
of Dahtung street, Cham Nook lane
and Sup Sam Hong present the best
appearances. The Chinese schools
will have holiday, holding the cere-
mony Of worship in the morning and
feasts in the evening. Wang Wing col
lege in Honam, under Principal Chau
Chung Kai. will have whole day Of
celebration. beginning early In the
morning, when they will march to the
Confucian temple together"
The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1919-02-22
EIoYd Gibbons Story.

Floyd Gibbons. the famous corre-
spondent of the Chicago Tribune. who
lost an eye at the front, tells good
story Of an American:
81 met Kansas boy" said Mr.. Glib
bOns, "among troops fighting in the
Villers Cotteret forest. July 10. He
was interviewing German prisoners.
To one who appeared to be rather
superior type he addressed the Gues-
ton in German:
what outfit do you belong TOT"
The answer came proudly-and In
good English:
II am Of the storm troops"
The kansan in khaki laughed ana
said:
storm troops, hell. We come ..1g
Kansas. We're cyclones"
The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1919-02-22

this
standard of living
reconsider his newest line OF business
before ofm people"
speed But fast as tney wen
However, boys as
in OF munitions
Huns didn't have time
things IN
of a hurry. ......
seventh son
and therefore lessee Of
The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1919-02-22

mai sack Mt six O'Clock that morning.
"a letter for me. echoed Mifahds.
But Mirandy'S aStonishlneht at S'F
ting q letter did not equal her aiiia~e
meut as she read its contents oh
the letterhead of an attorney. Ii ram
"Your uncle, Ezekiel Barrett h''
died intestate AS sole SURVIVING
heir, you are entitled to the s'o' nc
has left. our solicitor will VISIT you
shortly to secure the necessary sisua
ture."
Then Mirandy did a thing unhearu
of. She kissed Seth. we can he'
married right off now" she surS'ed-
get married. Seth. don't you near
For Seth was already chu@chusSlhs
down the road Mirandy stared al
the letter.
The next morning the customary eA-
change of greetings was olhlt'eu az
Mirandy abruptly asked, Now we sol
the money, won't you want TO De set
tin married"
Seth looked up as he rolled stone
with the toe of his boot. His answer
came hesitatingly. Cant you see'
Mandy, if | was to marry you ho"'
without cent of my own, folks IL De
sayin' l was marryin' you for VI
money"
Have you got mind?" Mirandy
asked sarcastically. Seth stooo
aghast. This was their final quarrei.
Sath did nor ma
Mirandy at the gaze. she was slch'
The doctor had ordered an alarming
array of pills and medicines ana NJ
though Seth faithfully sat at her bed
side every evening, Mirandy refuseu
to get well. Seth went about ike
shadow of his former self. Never De
fore had he realized just how very
much Mirandy meant In his life. ana
then came the relapse Mirandy was
dying The doctor confessed he couih
do nothing Seth sat by the bed anu
held the worn hands in his own warty'
calloused ones What could he DOR
Oh. if he could save her!
MANDY" he called suddenly. lets
get married"
Mirandy stirred II heard the doc
tellin' you" came in weak, faraway
voice, that be dyin'."
Tears unchecked traced grllny
routes down Seths tanned cheeks.
Mirandy went on. "Folks'll think II
YOU married me now you'll be wantin
to inherit my money
"Oh, Mandy" Seth choked, what
do we care bout folks round here? l
want to tend you like husband
while yre here"
Mirandy turned over at the unusual
sentimentality of Seth's speech. "AiI
right, Seth. then We'll get married."
she answered with a smile.
And Mirandy seemed to improve ut
once. Perhaps it was Seth's husband
" care. or perhaps it was just some
thing else but Mirandy got well with
surprising rapidity.
1t was after the wedding. Miriam
DIV, seated on the arm of Seth's chair,
nervously Strengthened the edge OF the
lace dolly pinned on the coarse, horse
hair uphostering.
81 GOT confession to make" she
said
Seth looked up and took the clay
pipe from his mouth. He thought In
twenty years he had learned every
thing in NIirandy's life.
81 wasn't dyin' that time, Seth" she
smiled. "the doc helped to make v sec
YOU needed me. l was just actin up
Seth
And then Seth did thing unheard
of. He kissed Mirandy.
The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1919-02-22

half
the annual Thanksgiving
banquet society London put the situation fairly He
nlon
the world by acting
He said
composing the American
in July their joint warning They there
influence neither nation
can divorce from
The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1919-02-22

Conspicuous OH the Democratic side
of the house of representatives one
day was a man in officers uniform, the
wings on his coat denoting that he be-
longed to the aviation corps. No one
could guess who he was, for it had
been asserted that of the several men
who left the house of representatives
The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1919-02-22

AmerlcIn peUp1t. UreHt brItaIH' OF
her part, feels that while the cost to
her Of the war has been beyond her
most somber forebodings, her price
less reward for her sacrifices is this
same change of heart in the American
people.
The truth is that Briton and Yank
are too closely knit by blood ties to be
always good friends; cousinship is an
awkward relationship and jars happen
in the best regulated families.
The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1919-02-22

Three Cheers TOT lHt AIHeTlCdHS'
Clever chaps they are, it cannot be de-
MED. Scarcely have they touched the
soil of thus purified Europe, when al
ready they are forcing their way into
Germany. Before long they will cross
the Rhine and also enter our fortresses.
That is express train speed for Amer
lean smartness.
ut is our good fortune that we
are equipped to entertain numerous
guests and that we shall be able to
The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1919-02-22
"Hands Across the Sea" May Come True at Last

evidence that Great Btain
in admiration and good Will OF the
The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1919-02-22
This Berlin Editor Wrote the Truth by Mistake

HE first capture
editorial under the cap
ton "Cood Morning Boys!" what said, in part
The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1919-02-22

the 2459? All right put me Oh L.
"Got -,
222 Ihy say tney WI"
whats -branch1O
then: branch tell me- etc. ETC.
Haven't ouye
mot is am Dins
switched to the efficiency sounds good
Sure, I'll hold a / getting USED 10 II nov"
John haven't yetT'
The efficiency Hello hello wnats
Good
What's the queried Cant get tT
1hey referred public Information
The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1919-02-22
It Is Lucky the Government Cut Its Red Tape

bold declare that the m
Here's
newly washington
- - to find on local address
The Washington herald., 1919-05-01
DOCTORS SAY
The new CAL0MEL
IS BEST Medicine
New Variety, Called Calotab,, Is
Purified and Refined From Nau-
seating and Salivsting Efeets-
Medical Virtue, Retained and
Improved.

According TO the worlds greatest
physicians and medical authorities.
cAlomel was the best and most uni
versally useful of all medicines. Mecff-
cal authorities prescribed calomel for
almost every disease and explained
that il was the best and sunest OF all
system purifiers. They say that calo-
mel cleanses the liver, stomach.
bowels and kidneys and purifies the
blood from all poisous. making the
system pure and clean so that nature
can quickly restore the health.
Now that science has purified calo-
mel OF all its nauseating and danger
Gus qualities. the new kind OF calomel.
called "Calotabs." is even more popu-
lar than the old. As a liver-cleanser
and system purifier Calotabs are more
effective than the old style calomei.
yet are entirely delfghtful in effect.
One Calotab at bedtime. with a swal-
low Of water-that's all. No nausea.
no salts, nor the slightest unpleasant
ness. Next morning you awake feel
ing fine, with a hearty appetite for
breakfast. Eat what you please and
50 where you please-there is no re-
striction of habit or diet or danger
of salvation.
Calotabs are sold only in original.
sealed packages. price thirty-hve
cents. Iours drugGest recommends
and gusraute<s, cslotabs. and win re-
fupd your 1,eney n you are not de-
lighted wio4 them.-Adv.