davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-01-05

and profits are not likely greatly to
change their relative positions. Nor is
any marked or sudden change in gen
eral prices to occur, but only a sweep
ing reimbursement in relative prices.
War materials and war industries will
suffer. Peace industries will be catch
ing the wind. Cotton should fall some
what, also wool. Iron will fall unless
arbitrarily held up. Copper will
especially fall most metals becom-
ing cheaper. Chemicals also should
decline, drugs falling with still greater
rapidity. Grains and meats arc likely
to run high for the year. Even fuel
may hold firm, under the enormous
shipping requirements.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-01-05

any especially bright hope of theil
adoption.
But the Immediately probable things
in America, whether wise or unwise
would appear to be:
% Further imitation in the banking
effort to employ reserves;
CD A reduction in taxes and shift
ing over from taxes upon income and
profits to consumption and productive
taxes.
CD A short period, say from six to
twelve months, Of friction and malad-
justment of industrial reconstruction
strikes, lockouts, unemployment;
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-01-05
Our Chance
For Leadership

The United States is in an exccp.
tional position for taking the initiative
in revising banking practices along
more economical and rational lines:
o. Because Of our assured creditor po-
siton.
On Because Of unprecedented gold
position.
CD BocauSc Of our great banking and
hnnncnl strength
We arc creditor ration to the ex-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-01-05
Radical
Proposals

But this is not the only anxiety that
has been occasioncd by the peculiar be-
havior of gold. Fear has oftenNmes
Teen expressed that the vast financial
end credit structure that has been built
up on the gold basis during the last
four years is insecure because of an
inadequate gold reserve, condition
which it is said threatens to become
worse with diminishing production of
gold. The gold standard, it is said, has
been put in jeopardy because Of the
insufficient supply of gold, and heroic
measures must therefore, it is said, be
taken to stimulate the production of
gold. The particular measures sug-
gested for this purpose are the exemp-
ton of gold mining from taxation, the
granting of bounties to gold producers,
and as a much more radical proceed
ing, the diminution of the gold con-
tent of coins.
Gold has fallen in its purchasing
power because it has shared the fate
of paper from rising prices. Prices at
wholesale are up about 100 per cent or
more in leading markets in countries
where the gold standard still obtains.
Why are prices up, and are they des
questions that must be answered in I'M
dertaking to estimate the prospect of
gold.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-01-05
Stock Price
REIMBURSEMENT

(4) A similar and concurrent period
of stationary or slightly falling general
prices, at the same time with the great
disturbance Of relative prices, and the
profound readjustment of relative out
puts of goods and of relative stock OK
change prices;
(5) And, finally, a further short
period of advancing prices and of high
business profits-"busines prosperity
with approximately stable interest
rates. Some years ahead, presumably
is to be expected serious and world
wide reaction. This will, however. in
turn depend in point of seriousness on
the degree in which the banking system
has avoided an exhaustion of it's re-
serve resources. But it is clear that
the immediate need is for such modi-
icatlon of the reserve system as shall
afford other possibilities of flexibility
than those of indefinite suspension.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-01-05
Article III--Transition, Labor and Profits

[Note.-This is the third of a
series of articles IN auhich Professor
Davenport outlines his uie1us Of the
future of security ualaes, interest,
International trade, gold movements,
aooges, immigration, shipping, taro-
ton, real estate, etc. The fourth
article aviU be presented meat Sun-
day.-Fimonciol Editor.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-01-05
Prosperity
For Retailers

One important modification is called
for. These congratulations hold the
more safely for Wholesale prices. Re-
tail margins have something the same
lag relatively to wholesale prices as
have wages, and will give way slowly.
There should be high gains of retailers
and for advertisers.
The country will probably return to
the enormous social wastes Of COM
petitivc merchandising Business rents
should improve. Building and the
building trades will revive-somewh lat
steadying the prices of lumber and
limiting the fall of hardware. Even
paint will probably become lower
Still, some allowance must be made
here for our political and financial re-
iations to Europe, even in their bear
ing 'on the tendencies of the early
months. Europe, I think it safe to say.
is not going to do any more initiating.
But still our relations with Europe
may prompt further imitation here.
Europe will have enormous needs for
our products, not only food but raw
materials and industrial equipment
1t will be perish of rehabilitation, of
preparation for getting as promptly
as possible back to work. The effects
here will be to steady conditions
against any industrial reaction, but
this particular question will best be
considered in later discussion.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-01-05

Member Federal Reserve Board
',Frcm an address before tho American Economic
Assocstlou)
nURiNG the past four years gold
~ has sustained q most serious fall
OF value. Tested by price levels in
leading markets, it has lost about one
half of its purchasing power since the
beginning of the European war.
so serious a decline in the value OF
the standard is naturally calculated to
awaken concern Unless the decline Is
10 be treated as transltory phe-
nomcnon, there would be reasonable
ground for dissatisfaction with the
continued use of the gold standard.
Such dissatisfaction was voiced even
before 1914, because of the instability
that was exhibited by the gold stand
ard. 1t is not surprising, therefore,
that. in view OF the spectacular decline
of the past four years, question should
have been raised as to the desirability
of the gold standard, at any rate, I'M
less some method of providing COM
pensation against its fluctuations
should be made part of it. Looked
at from this point of view, the i'm
mediate problem presented by the gold
standard is that of restoring it's lost
value and insuring the stability of that
value
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-01-05
Federal Aid i'm
Financing Exports

Another lesson which the war has
taught Canadian business Men in way
that will not be forgotten Is that bust
ness prosperity dcpcnds on the grant
ing Of reasonable credit to the .buver.
II manufacturers were left To their
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-01-05

from the mines during this period. 1t
does not seem probable that for many
years to come, if ever, there will be a
return to the old practice of maintain
ing large body of gold in circulation.
The gold which has been concentrated
IN the great reserve and note-issuing
Hanks is likely to be kept there. The
gold standard will henceforth be dis
associated from a widespread use of
gold IN circulation. The problem of
maintaining an effective gold standard,
therefore, becomes more than ever a
problem of banking, and especially one
OF the management of the reserve.
Considering the great Importance of
the subject and the length and variety
OF the experience, it is surprising how
little there is that can be called
science Of banking reserves. Not only
has there been great diversity Of prac-
tlce among leading gold standard coun-
tries with reference to reserves, but
there has also been more or less diver
sity of opinion on the subject in each
OF the principal countries More than
that, If we compare the fifteen years
preceding the outbreak Of the war with
earlier periods of similar length we
find that there was a marked tendency
of reserve ratios to rise with the in
crease in the production Of gold since
the beginning Of. the century, More
and more have the great banks become
repositories Of gold, a large part Of
the new gold taken from the mines
having found its way into the banks,
there constituting more or less of a
dead asset. Reserve ratios in leading
Linking systems se,dom ran so uni
formly high as during the period of
190O-14 Indeed, they were so high as
probably to be regarded from an eco
monte point of view as in excess of rca-
sonable requirements.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-01-05
Vast Increase
In Bank Holdings

Gold holdings Of the worlds fifteen
principal banks Of issue increased from
ss,SfCsooo.0oo in July, 1914, to se,258,-
eo0,o0v in November, 1915, gain, Of
g2,goo 100000, or more than $500, 900 900
in excess Of the total ncw gold taken
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-01-05

of boards of gold under the impulse of
national fears or ambitions must be
suffered to 60 the way of other outworn
practices. Thus will the functions of
banking reserves be reduced more near
ly to the purely economic requirements
and reserves which have been thought
to be inadequate be quite adequate.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-01-05

The establishment of savings depart
ments in commercial banks and trust
companies seems TO be accountable for
increased savings, the bulletin CON
cludes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-01-05

Gold will not recogcr ita int pur.
chasing power until psiees decline.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-01-05
Rec0nstructi0n-andB Beyond

Outlook, Economist Says Is for Further
Initiation, Smaller Taxes and Few Months of
Unsettlement, With Slightly Lower Prices and
Readjustments of Output, Succeeded by Pc
Rod of Large Profits and Business Prosperity
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-01-05

n The empire
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-01-05

inlical.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-01-05
By A. c. Miller

Member Federal Reserve Board
'Frcn an address before tho American Economic
AsSocistlou.)
El Imparcial. (San Juan, P.R.) 1918-197?, 1919-11-03

truccion dc los niilos y j6venes de am
bos Sexos, contiene las biagrafias de
cuantos heroes han existido; los nota-
bles episodios dc la Historic tanto de
nuestro pals como del resto del mundo;
las resenas dc todos los maravillosos
inventos que SC han hecho; descripcio-
mes y explicaciones acerca de los aero
pianos. de los automobiles; centenares
dc magnhcas laminas Ell colorcs y. mi
llareS de .curiosas ilustraciones.
Para las personals eruditas, para los
profesores PROFESSIONALS dc todas cia-
ses ofrece, va hasta los mas .ininucio-
SOS detalles relacionados con las Mate
maticas. la Fisica, Ia Quimiea, la Me-
dicina, Derecho y otras cicncias; va la
experta discussion de las mas absurdas
cuestiones de Filosofia y Sociologia,
Economic, Politica, etc. Mientras que
todos los oicios, todas las manifesto
clones de la actividad, desde las mas
mobiles y elevadas, hasta las mas humil.
des, son objeto de detenido estudio
El Imparcial. (San Juan, P.R.) 1918-197?, 1919-11-03
LAS DFERENTES ENCUADERNACI0NES

pesena "Encclopdc oma Ia mas durable Po
las
de
ademaS
tan al lcanced e los bolslos
ha echo excene material de color verde
ell correspondence Vounen
senco producer bun o
de tea oo de los
volun dibuo dorado
desgnado none de "a de tah
Roxbugh recomenda
del Encpdco FL omo parte de las
E Este este dc encuadenacon de
pedse bro de vo pann que va de usarse
obra de consulta
adorndas neas amber las cab son de da sta en-
hbo
dente tamben los hace ca nestucts pro-
todo de enos pueda hacerse
idea del
llama Ta6ete complete flexible
El Imparcial. (San Juan, P.R.) 1918-197?, 1919-11-03
Lu OJra nsds Util

En- el hay centenares de miles de con-
testaciones todo genero de preguntas:.
Y con frecuencia los padres que consul
ten sus paginas, fin de hallar en- elias
los informcs pedidos por sus hijos, des.
cubriran leeran con placer prove
,cho otroS nuneroSoS articuloS que les
interesara> ellos personalmente.
De modo analogo, el Diccionario En-
ciclopedico ofrece los lectoreS inago-
tables temas de lectura y estudio, por 10
cual es gradualmente util ell sistema de
referencia multiple que Sc ha emplea-
do, pues EN- cada articulo Sc indica dom
de Sc encontraran tratados-en la mis-
ma obra-otroS aspectos de Ia question,
o donde Sc hallaran mas detalles acerca
de la msIna Las referencias han sido
simpli6cadas, 10 cual sera apreciado por
cuantos quieran evitar demora en- la adj
quiSiciorT del saber. Consultando los ar
ticulos suplementarios, los cuales Sc
remite al lector cada paso, Sc pueden
seguir hasta sus fuentes las corrientes
tributarias de los conocimientos.
Es asi como el Diccionario Enciclope-
dico viene ser, en- el amplio sentido de
la expression, Una Universidad en- ell
Hogar."
En- efecto. puede decirse con absolute
iconfanza que la casa que posea la nue.
va edicion completa del Diccionario En-
ciclopedico Hispano-Americano, tendra
el equivalente de mil volumenes en- Ell
espacio de veintiocho, estara eficiente-
mente equipado en- todo 10 concernien-
te cultura intellectual. dispondra de
copiosa lectura para entretenimiento y
educacion de todos sus moradores.
El Imparcial. (San Juan, P.R.) 1918-197?, 1919-11-03
EXPOSITION DEL "ENCICLOPEDICO"
EXCELENCIA MATERIAL

IpreoS
pero Donao Encopedo Hsrano @ una n4a lo
por lorna
lbros
de
al
ha
no
ducldo la npresrh &c
obrase econsagr e ma mnucioso cuidado
cooes bronco hechas moderns
repoduciones de eSceteS dibu
ios.a Ia phna
El Imparcial. (San Juan, P.R.) 1918-197?, 1919-11-03

Es,ef Diccionario Enciclopedico His
p4ho Americana, y los lectores Gle este
anuncio tendran orgullo al saber que es-
ia obra de suprema importancia inter
nacional es, sobre todo, una obra His
pano.A Americana.
El EDiccionario Enciclopedico difiere
dc&odas las dernas encyclopedias en- que
presenta reunidoS el contenido de un
gran ;diccionario junto con el de una
gran ENCYCLOPEDIA.
ia 2Sido escrita por y para hispano-
americanos, en- collaboration con los Pc
ritos mas celebres del nundo, 10 cual,
ademas de hacerla una obra verdadera.
mente International la orienta hacia ell
pinto de vista hiSpano-americano. No
haytcxageracion en- aseverar que el die
cionario Enciclopedico es la obra mas
iitil y mas comprensiva que Sc ha pro-
d1cido desde la invencion de la i'm
prenta.
En- .toda America y Europa sc ha he
cho va famoso este gran compendio del
Saber universal, que es considerable CO.
mo una obra maestro entire las produc-
cidfaes 91iterarias modernas.
E6sSeriticos han. Seguido con creciente
interes; ,e incesantes encomios su pu-
blieaci6n gradual, y con toda probabi-
lidad jamas obra alguna de esta claSe
ha 4despertado antes de estar concluida,
setnejante admiration International En-
las, bibiliotecaS. nacionales de las mas
irnportantes ciudades del mundo entero
Seieflcuentran sus ediciones incompletas.
El Imparcial. (San Juan, P.R.) 1918-197?, 1919-11-03

en- la preparation de los bros lei costo solamente del
papel ha aumenado mas dc 100 por ceno desdc que es
tao gran Guerra Europea) cierto que no pueden
prepararse mas eemplareS venderse los actuaes
precoS eSpecaes, que baSadoS los coSoS de los
lnaterales antes de la guerra.
Tambcn hay que advertir que las prmeras reesas va
cgadas consisten soamente de 100 coeccones de Ell En-
cicopedco las difcultades presentes, caS i'm
possible decir segudad cuando legara otra remesa
Asi que soamente los que dedican innediaa1ne-
puecn seguros de consegur COLLECTION sin eSper
aquellos que demoren aunque solo pocas Sc
1nanas cxponen poder conSegur un eJemplar al
preco reducido actual
La Gran Guerra.
Al prescntar esta Ultima edicon del Dccionaro En-
cicopedco Hispano Americana e Editor, queriendo dar
c obra todos detalles el caracter noviSmo
dete telcr promote compradorcs too adiciona
complcto profusamente strado cscrto mparcialmente
sobre la GRAN GUERRA EUROPEA. Este tomo sera
completamene gratis para todo el que comprc cl En-
cicopedco"
Es obvio e decir que tai volnen de POGO oningun
lor 81 hubiera preparado ternnado antes la Gc-
concluyera los hechoS veraderoS fueran conocdos
No obstante los materaleS Gle obra tales como too5ra
fas documentos etc. que puderan obtcnerse durate el
curse de la guerra secccionados por peritos in
parcales. tsaax 50 x4sy
Este to1no sera venddo separadancnte del "Enc-
Clopedico entrcgara tan pronto sc pueda publican
pues Sc csta termnando de editar
Este tono promote gratis los coppradores de
Ia obra sera ago mayor que los del DicCiona-
RIO pueS depende volmen altura de la cantidad
de los hcchos recopilados pero que scra
joya historical de inaprecable valor
El Imparcial. (San Juan, P.R.) 1918-197?, 1919-11-03
Ell Estante dc ROb|e con los 2G tonoS
del Encic'op6(iGo. Cada tomO midG H. =
: de alto pOr !" grussO
.Eq u
NO Sc DEMOREN

Las primeras rcmesas del "Encclopfdico" va eg;i,
GAS San Juan, cOnsisen SOlmente 100 cOecconeS.
Sc han pedo mas cjemplares pero vista de la gran
fata de medos de transpOrte que eXise la actuaidad
NADIA denltvO poeos saber sobre las fecaS que lc
garan las remesas socitadas. Ash pues sOlamene los
que nanden sus peddos 0hoa pueden contar entire
gas inmediatas.
Ell modo mas ciero de cvarse dsgust0s denor;s
es visar la Exposition de Eel "Encicopetlco ell la cae
San Jose TO- San Juan hoy mismo mandar ell cup6n con
e pago inical para orenar lie reserve una cole c0n
hsta que sted decda sobre ell estIo de la encuaderna
c0n que preere Ell dinero lie dev0lvela enseguida 81
Isted Sc decide cOmprar ell "Encicop3dicO despu1s
de haber examnado ell catalogo que mandaremos al
cbir ell cup0n
El Imparcial. (San Juan, P.R.) 1918-197?, 1919-11-03
ina Ofertd TrGnsit0riG
La ENCYCLOPEDIA Maestro del Mundo

acerca del cual el lector busque infor-
maci6n EN- vano en- las nutridas paginas
del Diccionario Enciclopedico Hispano-
Americana.
les un verdadero triunfo de condeu-
sacion que coloca a todos al mismo nj
vel que los sabios, facilitando la pose
sion de las verdaderaS fucntcs del sa-
her
El Imparcial. (San Juan, P.R.) 1918-197?, 1919-11-03

Enciopdos ausddo dd
condolences
porte cualquir persona Dirgbye
TAs=67oicr Society, 4partado 1899, Juan p. r.
El Imparcial. (San Juan, P.R.) 1918-197?, 1919-11-03

unas cudntds mensudlidddes dc
Sc, las cudleS hGce,a en- total Nn pre-
clio mucho me,,or del que sc uendie-
ron las antiques incomptctds cdt-
clones.
El Imparcial. (San Juan, P.R.) 1918-197?, 1919-11-03
CORTAR Y REMITIR HOY KISMO

Fecha. a....................
The Groticr Society,"
1partodo 1874, San JUan, p. X.
IncuyO $J.-Siryase reservarme una cOlec
ci0n completa del DICCIONARIO ENCICLO
PEDICO ISPANO-AMERICANO,y V enviarme
TN cataIogo donde pueda seleccionar ell estilo de
Characterization que yo pretiera. Queda enten-
dido cue Vd. me deyolverti ell dinerO enseguida 81
yo decide no comprar la obra despues de exami-
mar el catalOgo.
NomDle Observation-Disclosures. ...,..........
Profession Il ocupac6n. ................,.
Gale Y nlimero .....................
"El Imp, 1873,
El Imparcial. (San Juan, P.R.) 1918-197?, 1919-11-03

ElfsEncclopedco" representa- quizas la mayor nver-
Los rs her1osos volAnenes (caramente inpresos
c,i4dernados con exquisite guso) que corstituyen E En-
cclopedco en- su forma de $4,000 pagnas
70Q00J de palabras, $4,000 ustraciones ncuyendo
teflares de hermosas laminas colorcs EN- negro
Ef coSto de ustraciones de las colaboraconeS
1tefafiaS alcanza a mion de pesos moneda Official
En- esta cantidad incluye ell enorme desemboso
necesaro para la impression estereopia etc de la obra
Pero los erechos exclusives de la preparation venta de
esta eicion final la America latina han sido consegu
dos aor solamente fraction de costo original.
A Ia nueva edcon han hecho muchisimas modifca
clones adcones especialmente los artcuos que
re6eren asuntos anercanos
En- Ia preparation de esta final cdCon para
la yenta en- America latina muchos hechos han interve
ndo para hacer possible ofrecer la obra rebaa
yraIide del preco vendidoS otros snares en-
excelenca material
Los derechos latnoamercanos ueron adquiridos
1anlente una fraction del coso original de la prepara
cion de la obra.
Fueh preparada una edcon grande, resutando as
ndrniA nluy considerable e costo de la impression
encuadernacion.
Los contratos para el pape otros mateales Sc ult
quela Guerra Europea hcera subir los cos
tos de- estos nateriales VI
Els"Encicopedico" vendea dreetamente del Editor
al Ipuhice As ahoran las utilidades que habian de
recibir los Intermediates.
3.ai's'S Una Ofertd TrGnsit0rid
Pero oerta extraordinaria puede durar muy
TEMPO Solaente hay destnadas 500 colecconeS de Ell
Enciclopedico para la venta Puerto Rico debido al
gran atmento el costo de todo e material que entra
El Imparcial. (San Juan, P.R.) 1918-197?, 1919-11-03
La ObrG mds Intcrcsantc

Sus paginas encierran interes para to-
do genero de lectores: es una enciclo-
pedia que interesa todos: a hombres
v mujeres, a jovenes y a viejos, sa-
bios ignorantes. Para recreo ms
El Imparcial. (San Juan, P.R.) 1918-197?, 1919-11-03
Ell ESTANTE

Ell mporado add Los
obhgdos
comoddad de
dqufdo FL
Subdos
precos de los muebes, muy razonabe, II
El Imparcial. (San Juan, P.R.) 1918-197?, 1919-11-03
LA ObrG mis- CompletG

Las personals que han examinado esta
nuev&9edici6n completa, han declarado
que con ella Sc ha conseguido el mayor
triunfo hasta ahora obtenido en- la his
toria del libro, en- cuanto a classification
condensation de materia. Supera fa-
cilmente, en- cuanto a la magnitud y
varl9dad de las materias abarcadas, a
todass,s.las, obras Similares hechas en-
otros paises.
NADIA de cuanto el hombre ha dicho
pensado hecho, Sc ha omitido. Sus
veirtiocho voliimenes contienen toda la
information que cualquiera persona
puedaq necesitar durante el curse de su
vida,s No vacilamos en- decir, de la ma
nera mas categorical, que no hay 'asun-
to1ede.soualquier naturaleza que sea,
El Imparcial. (San Juan, P.R.) 1918-197?, 1919-11-03
'L0 Obrd mds Pe,fcctG

NADIA es demasiado grande, nj dema-
siado pequeno, para que no merezca la
consideration de esta prodigiosa obra.
Nos dice como calculan los astronomers
el peso de las estrellas y no olvida ex-
plicarnos con que el detallista pesa los
comestibles.
Disena ilustra los animalcs, tanto
salvajes como domesticos .conocidos por
los zoologicos; trata de las plantas, flo
res frutos estudiados por los botani-
cos con la misrna minuciosidad nara
la historic de los famosos imperios de-
saparecidos para siempre. que hace la
cronica de los sucesos acontecidos re-
cientemente en- todas las naciones del
globo.
Describe plena y cXactamente y mues-
ira suntuosas ilustracioncs de las gran
des ciudades del mundo; Y Sc hallan en-
sus paginas pormenores hasta pequefi
simos villorios caserios de Inglaterra
o Russia del centro del Africa, asi CO.
mo detallados informes geogra6cos de
nuestro pals. .Es una obra maestro de
.asiduo trabajo de erudicion. Todos
los libros del mundo entero, reunidos,
no podrian presentar mayor suma de
profundo saber y utilidad practica.