davidaulloa/AmericanStories huggingface dataset:
The sun., 1919-06-20
Tho Cash Pinch.

One explanation OF the low supply of
call money on the day 1t SCARED officially
to 10 per cent, and unof'icially to 20 per
cent. was provided yesterday when the
Federal Reserve Bank issued a state
ment showing the amount OF tax and
other certificates OF Indebtedness re-
deemed in cash. Up to the close of busI-
ness on Wednesday the reserve bank
had redeemed IN cash $334,5sS,50O is
sues. $1b7,SS6.0 900 tax certificates matur-
ing on June 1s. $65,e+2.00o tax certifi-
Gates maturing on June II and $1ll,-
o70.b00 Treasury certificates maturing
on June 1T. OF these three issues the
total amount outstanding was $6s7,Isb,-
900. OF which $s34.5sS.5oo was redeemed
in cash. $11e.s17.0o0 exchanged for other
certificates and used in repayment OF
tho war loan deposit account, $55,1ss,B00
used In payment OF taxes and $6,sSs, 900
to be accounted for. From the tax col
lectors OF Internal Revenue in the SEQ
ond Federal Reserve district the reserve
bank received in payment of the second
instalment OF income. war profits and
excess profits taxes up to June IS $223,-
003,600 in cash and $56.6l9.500 in GER
tifcates OF Indebtedness. Yesterday,
these huge transactions having been con-
cluded. the call money rates were 9 to
eh per cent for renewals. with lower
rates lateg IN tia day -
The sun., 1919-06-20
Tho Marine Dividend.

The declaration yesterday of the regu-
lar dividend on Marine preferred with
out payment on account OF accumulated
dividends was neither a surprise nor a
disappointment to Wall Street. Only in
n few isolated cases was any expectation
held Of a payment on the back dividends
Tho regular 3 per cent. semi-annual
disbursement was looked for, but in view
OF the fact that it was only SIX months
ago that 10 per cent. was paid on ac-
count OF the 81 per cent accumulation
on the preferred very few persons looked
for any further reduction Of this
amount at this time In reliable circles,
however. It is declared that the payment
OF substantial amount of these back
dividends may be expected very shortly,
possibly at the next directors meeting
That rs per cent will be paid on account
OF these dividends Is the confident asser-
ton in these circles. A payment of rs
per cent. Of these overdue dividends
would reduce the accumulation to 80 per
cent, the total unpaid now being 81 per
cent. With this payment made and the
earnings OF the company continuing at
the present high rate the preferred stock.
as we'll as the common stock. would be
in a Ear better position than It has been
in long time these interests declare.
The sun., 1919-06-20

p. A. 8. Franklin, president Of the In
ternatfonal Mercantile Marine Company,
expressed himself as somewhat surprised
at the story cabled to a newspaper yes
terday from London to the effect that
the British Government holds an option
on the company's British ships which Il
can exercise at any time, regardless Of
the fact that the stockholders have voted
against the sale of these vessels This
story asserted that at tho time the Brit
ish ships became the property Of the In
ternational Mercantile Marine Company
the English Government arranged for an
option to repurchase them. Mr. Frank
lin said that he knew nothing of any
such option. although he admitted that
these ships, as we'll as those OF other
companies under the British nag, are
subject to purchase by the British Gov
eminent at any time under the terms of
tho mail contract which the companies
have with the Government. Another
story was that the British Government
may pass law allowing no British ship
ping concern to contain more than 20
per cent OF foreign capital. II such a
law were passed, 1t was argued by men
who are moro or less acquainted with the
British laws, 1t could hardly be made
retroactive so as to affect the l. NJ NJ.
holdings 1t would merely prevent the
formation of any more British shipping
companies with more than one-fifth of
foreign capital.
The sun., 1919-06-20
GOSSIP OF WALL STREET.
will They Sign Its

Although II can hardly be saId 10
have had direct bearing on yesterdays
market. tho fact that the Germans must
sign or refuse to sign the peace treaty
on Monday stood out prominently in the
minds Of most traders az factor which
must be taken into consideration, espe-
oislly In the sessions to-day, tomorrow
and the flret one OF next week. The
majority in Wall Street believe that the
treaty viii be signed Immediately.
few do not believe Germany will sign
before invasion. One large commission
house had in It's morning letter --latest
advices indicate that Germany will sign.
but perhaps not until the allied armies
have begun to advance. France thinks
the Signing viii como the day after the
invasion besins" The opinion held by
the majority II that the market has
about discounted the coming Of peace
and that violent fluctuations will not re-
suit from either q signing OF the treaty
or q refusal to sign II Its greatest DOS
ability az q market factor will be that
the date Of peace will mean the inaugu-
ration OF many new enterprises, tho free
shipment Of exports Of all classes and
the resumption Of trade with countries
which during the war have been classed
a. enemiea"
The sun., 1919-06-20
Food Stocks Advance.

Tho superstition that Wall Street Is
fearful that the peace treaty will not be
signed and that the market will be upset.
which is supported in some quarters,
was exploded yesterday in one particular
group-the food stocks. In q day Of gen.
eral hregularity in most issues, in
which bulges and subsequent dips kept
traders on the qui vive, this group stood
out prominently because Of its strength
and buoyanoy. There was little to be
found IN the news OF the day or in the
news from any of the companies which
accounted for their sudden strength.
Most of the accumulation was reported
to be based on the realization that
America must assume the position OF
worlds grocery store for several years
to como and that the resumption of nor
NAL trade relations with Europe IL in
the not far distant future. American
Cotton OIL. United Food Products, Cali
fornia Packing, Corn Products Refining,
Loose Wiles and National Biscuit were
the particular favorites and all exhibited
evidences Of steady and substantial 40
cumulation.
The sun., 1919-06-20

* o't}fS..ns,
NY CITY % %
k.-.....o7ae
The sun., 1919-06-20
Steel Dividend Outlook.

Although me Steel corporation,s dfv3-
dend meeting IL more than q month
away the possibilities Of what the d.
rectors may do IN respect to the next
dividend Is already the basis for con-
siderable discussion and gossip in Wall
Street The opinion prevails that the
dividend will remain the same as at
present; In other words, a dividend Of
/ Y per cent will be declared on the
common. Earnings are expected to show
n still further falling or from the hrst
quarters showing because OF the fact
that the plants did not commence to feel
the increased demand for steel until the
latter part Of May. The first two
months earnings were very poor. but
the June individual report Ii expected to
show great Improvement in the steel
business. as Is the next months tonnage
statement Of the corporation. duo to be
issued on July 10.
The sun., 1919-06-20
To Acquire Bethlehem Motors.

new company Is to be organized
ur der the laws OF Delaware with an
authorized capital OF 10000 shares of
no par value to acquire all of the issues
OF outstanding stock of the Bethlehem
Motors Corporation OF Allentown. Pa.
and the North American Motors Com
pany OF Pottstown. Pa. The officers
OF the new company are Arthur T. Muir
ray. president; d. q. Dory. vice-presl-
dent: 8. G. Potter. vice-president: II.
B. Han. vico-president: Martin n,
kearn' treasurer. and N. NJ. Beary, sec
The sun., 1919-06-20

Motors between 2c7 and e21. both ending
near the low points. Marine preferred
gained points at the start to lis, and
Marine common in the late trading de-
clined almost as much to 49h. United
Cigar Stores reached a new high al
1909. American Sumatra was bid up 10
ll5%. Texas and Pacific was bid up 2
points to 47&. later losing that gain and
closing at tb&. Missouri Pacific rose a
point to S2% and Southern Pacific fell
back about l per cent. to los.
The sun., 1919-06-20
Experts From New York.

Wheat. 1e7.ss7 bu,: bacons. 2,os5, 500
lbs lard. I.el6,4s0 lbs grease Ito
600 lbs butter. 23i,399 lbs. Iubricat-
Ing oil. 310.550 gals. oats. 56i,Ssl bu' !.
barley. le6.ts5 bu.; steariae, $4,000
ibs; tallow. 100000 lbs cheese. 1870
IDS: oottonsssd- oil. ASao lbs: ShixkaY.
The sun., 1919-06-20
To Lay A...x once stone.

Formal ceremonies to accompany me
laying OF the corner stone of the new
Assay Office building are being ar
ranged by Verne NJ Bowie, superin-
tendent OF the New York assay office.
July has been fxed as the date for
the ceremonies. The speakers will be
Secretary of the Treasury Carter Glass,
william @. McAdoo and Ray T. Baker,
Director OF the Mint.
Courier Democrat., 1919-06-05
RUSSIANS GIVEN FOOD
American Red Cross Ship Fur.
nishes Supplies.
British Relief Expedition Arrives at
ArchangeI and Creates Fine
Impression.

Archangel, May 31.-The first Amer.
ican unit tc sail for home will be a
battalion which has held the Vologda
railway front. The few American in.
fantry and engineer detachments still
in the front line positions are fighting
in continuous daylight. There is no
midnight sun, but for two or three
hours after II o'clock at night there
is hazy twilight over Northern Russia.
The inhabitants of villages along
the Kola peninsula have been relieved
from starvation by an American Red
Cross ship which has returned here
after penetrating the ice foes. This
ship commanded by Capt. J. R. Gle
well of Bellingham, Wash, was the
first craft to visit the villages since
the american Red Cross ship was
there last autumn
Large crowds, including many Amer.
ican and Russian soldiers, witnessed a
parade of the British relief force
which arrived here. All the British
soldiers are picked men and created
a fine impression. They were agree.
ably disappointed to find, instead of
the expected Arctic conditions, warm,
bright sunshine and green grass.
Courier Democrat., 1919-06-05
Captain Andre Tardieu Asserts
Peace Terms Given to Ger
many Are Honest.
AGREE WITH PROGRAM
Declares Conditions Are Efficient, for
in That World Which Is Invited
to Peace They Make Germany
Truly Harmless.

Beaune, France, May 31.-In an ad-
dress at the closing exercises of
Beaune university, where 10000 Amer
ican student soldiers have been study
ing since the armistice was signed,
Captain Andre Tardieu, member of
the French peace delegation and for
mer head of the general commission
for Franco-American war matters, de-
Tended the treaty of peace.
Treaty Honest, First of ALL
He said in discussing the treaty:
First, it is honest, it agrees with our
program of war; with our public en-
gagements and with our conception of
international life. To find matters for
reproach in this character is to un-
derstand altogether what ideas have
contributed to our victory and to strip
us in peace time of one of our greatest
forces in the war.
Besides it is common to us both
and vouched for in every one of it's
articles by the whole hearted adhe-
sion of your and of the Allied govern
ment. While he is studying and dis
cussing this same treaty, the enemy
we'll knows that he has a block of
granite in front of him. If anyone
tries to belittle this solidarity he
thereby confesses that he has learned
nothing from the lessons of the war
or from the creative greatness of our
union.
Finally it is efficient, for in that
world which it invites to peace it
makes Germany truly harmless. 1t
forces her to repair everything which
she could and can repair; everything
which the universal conscience of the
world demands that she should repair.
Warns Against lntrigues.
'To challenge the need of such a
guarantee is to confess to having lived
for five years outside of humanity and
to ignoring the martyrdom which such
aggression has inflicted on it,
Captain Tardieu warned the Ameri
cans against intrigues at home and
abroad which he said tended to break
down the friendship between America
and France and might "befog the con
science of the people"
Courier Democrat., 1919-06-05
France Is Ready to Undertake
Formidable Task of Rail
Reconstruction.
DUE TO ENEMY DAMAGE
Germans Tore or Blew Up 1000 Miles
of Track on Northern Railroad
System and 1900 Miles on
Eastern Lines

Paris, June 2-"France will spend
about $66O,OO0,OOO on new pub
lie work, besides about 100000 900
for the rebuilding of railroads
in the devastated regions" said M.
Claveille, minister of public works.
Our program" said the minister,
"calls for the electTification of $500
miles of railroad, the building of $500
miles of local railroad lines and tram
ways, the rebuilding of 5000 miles of
other highways that were ruined
by the intensive army traffic or de-
stroyed by mines and shell fire. We
have also," he added, more than 1000
bridges to build, IL tunnels that
must be practically rebored and a great
many culverts to be replaced. esti-
mate the amount of material required
for this work at 1O,OOO,OOO TONS"
M. Claveille explained that, although
an army of roadworkers, reaching 49,
900 men in 1918, had constantly been
employed repairing roadways in the
army zone, they were worn almost as
fast as they were restored.
Inc Germans tore up or blew up
1000 miles of track on the Northern
railroad system and about 1900 miles
of the lines of tie Eastern railroad,
along with 1000 miles of telegraph and
telephone wires," he said. These
lines have already been restored in
part.
what remains to be done consti-
tutes formidable task. Lack of labor
is all that is delaying work on these
enterprises. Much of the required ma
terial was assembled during the last
IS months of the war;
Courier Democrat., 1919-06-05
TAKES RADICAL ACTION
Socialist Party Committee Expels
25,O00 Members.
Reason Given Is That Ousted Units
Made no Pretense of Obeying
Party Platform.

Chicago, June 2.-Ten members of
the national executive committee of
the Socialist party are in session here
and it was announced that $4,000 of
the extremist wing of the party had
been expelled by vote of the com.
mittee.
The committee also decided to call
the national convention for Chicago
on Aug. 80 and to start nationwide
meetings on July to demand Eugene
Debs' release from prison and to issue
statements giving Socialist views on
the peace conference and other sub.
jects.
In attendance at the meeting are
Seymour Stedman, president, Chicago;
John NJ. Work, Milwaukee,; Fred Holt,
Oklahoma; George G. Goebel, New
Jersey; Fred w. Kraft, Elizabeth, N.
j.; Fred Wagenknecht, Cleveland;
Louis Katterfeld, Washington; Ben
Haban, Kansas City; Abraham l. Ship
lacoff and James O'Neill of New York.
According to Adolph Germer, the
party's secretary, who asked election
of the expelled members, the ousted
units are members of the Russian,
Lithuanian, Ukrainian, Lettish, Pol
ish, South Slav and Hungarian branch
es who made no pretense of obeying
the party platform"
Courier Democrat., 1919-06-05
British Premier Says Germans
Must Sign Treaty at Ver-
saiIIes or Berlin.
RECEIVE MORE NOTES
Allied ENJOYS Given Foe Contentious
Regarding German Property in
Allied Lands, Turkish Debt and
Sac Paulo Question.

London, June 2.-PremierN Lloyd
George, in his speech TO the Welsh di-
vision at Amiens, declared, according
to the South Wales Daily News:
I'VE say to the Germans: Gentle
men, you must sign. If you don't do
SO at Versailles, you shall do so in
Berlin. We are not going to give
way"
Memorial Day Observed.
Paris, June 2.-As a result of Presi-
dent Wilson's observance of Memorial
day Peace conference circles was
quiet. Notwithstanding the fact that
the President delivered an address
over the graves of the soldiers, he
found time to receive a visit from
Premier Orlando and to discuss with
him the details of the Adriatic ques-
ton, the settlement of which it is as
serted, is approaching final shape.
The Council Of Four did not meet.
Three new notes were handed to
che Peace conference by the Germans,
the first referring to German property
in Allied countries, another to the
Turkish public debt and the third to
the Sac Paulo question, which re-
lates to Brazilian coffee seized in Ger
many during the war.
Terms Must Be Changed.
Versailles, June Count Won
BrockdorffRantzau, addressing Her.
rem Giesbert and Landsberg of the
German peace delegation before their
departure for Berlin, asked them to
tell the people of Berlin that he would
not sign the peace treaty in the form
in which it was presented by the
Allies.
This information has been gathered
from the German peace delegation
here. Count Won Brockdorff- -Rantzau,
it was said, thanked Herr Giesbert and
Herr Landsberg for their collabora-
tion.
The Germans are so little satisfied
with the clearness of the counter pro-
posals they presented to the Allies
that further notes were sent today to
explain parts of the documents which
the Germans themselves did not find
clear.
Courier Democrat., 1919-06-05
Troop Train Wrecked.

Greenfield, Ohio, June 2.-One sol.
dier was killed and four others in
jured when Baltimore & Ohio west.
bound train No. 8, bearing Arizona
and New Mexico troops from over
seas, was wrecked four miles west of
here. The troops were en- route to
Fort Worth, Texas, for discharge. The
dead soldier has not been ide. ;ine>..
All of the injured were from New
Mexico. Immediately after the wreck
Camp Sherman army officials were
notified.
Courier Democrat., 1919-06-05
BREAKS LAUNCHING RECORD
Five Large Freiehters Take Water al
Hog Island.

Philadelphia, May 31.-Never again
will the United States be guilty of the
folly of trusting it's foreign commerce
to the ships of other nations or OF
quitting the shipbuilding industry, de
clared Secretary of the Navy Josephus
Daniels at Hog Island shipyards The
occasion was the successful launch
ing of five steel freighters-the great
est single days launching in the his
tory of any yard in the world. The
five vessels added $4,000 tons to the
American Merchant Marine.
Courier Democrat., 1919-06-05
PROMPT ACTION is URGED
Democratic National Committee Ap-
proves Equal SlJffraoe

Democratic National Committee Ap-
proves Equal Suffrage.
Chicago, June 2.-Members of the
Democratic national committee closed
Il two days session by adopting a
declaration offered by P. H. Quinn,
committeeman from Rhode Island, re-
viewing the achievements of President
Wilson and the Democratic Congresses
and urging the support of all indepen-
dent and progressive voters in the
1920 campaign to perpetuate these
policies.
The committee also accepted a reso.
luton calling on the legislatures of
the various states to hold special ses
:sions if necessary to ratify the woman
suffrage constitutional amendment
when it has been passed by Congress
so as to enable women to vote at the
presidential election in 1920.
Courier Democrat., 1919-06-05
Badger Drys Prepare for 1920.

Madison, Wis, June 2.--The Wis.
consln anti-saloon league will make
a fight in the next election to elect
dry enforcement officers in 1920. This
is statement which has just been
issued through Superintendent r. p.
Hutton of the league, He says that
the league also intends to employ ex.
pert league counsel for the purpose OF
teaching local officers the most elll.
cient methods and also brief and sci.
entiilc methods In the fight for en-,
forcement Of dry measures.
Courier Democrat., 1919-06-05
Supports League Covenant.

St. Louis, June 2.-Speaking in sup.
port of the League of Nations and dis.
cussing party issues here, before a
public meeting attended by Demo.
cratic party leaders of Missouri, Hon.
er S. Cummins, chairman of the Demo.
cratic national committee, arraigned
Republican leaders for attempting to
make the ratification of the League
a partisan question and urged support
of President Wilson, when he returns
- lay the peace treaty before the Sen,
are
Courier Democrat., 1919-06-05
LYNCHING MAY BE PROBED
Congress Asked to Investigate Mob
Action at Lamar Mo-

Congress Asked to Investigate Mob
Action at Lamar, Mo.
New York, May 31.-The nation
wide campaign for Congressional in.
vestigation of lynching has been in.
augurated as result of the mob muir.
der of Jay Lynch, a white man at La.
mar, Mo-, the national association for
the advancement of colored people an.
nounced. Authorities having been prov.
en- unable and in many cases unwill.
ing to cope with mob violence, the as.
sociation said, Congressional action
was necessary to set in motion ma.
chinery for ending this threat to civil
izatiaa.'
Courier Democrat., 1919-06-05
WHEAT STOCK RUNNING LOW
Government Disposng Of Its Grain at
Minneapolis.

Minneapolis, June 2.-All govern
ment owned wheat in Minneapolis will
be cleaned out of the elevators by
Monday, Frank L. Carey, second vice
president of the United States Grain
corporation, announced. Mr.. Carey
said the movement marked the last
government owned wheat to be stored
here until the advent of the 1919 crop.
During the last 60 days the corpora
tion has disposed of more than 30,000,-
900 bushels of wheat to mills of the
northwest Mr.. Carey's figures show
Courier Democrat., 1919-06-05
ALASKAN RAILWAY PROJECT
Early Completion of Line to NavigabIe
Waters Is Urqed:

Washington, June 2.-Early COM
pletion of the Alaskan railroad to the
navigable waters of the interior is
necessary for the success of the en-
tire railroad construction program in
the territory undertaken by the gov
ernment, according to j. L. McPher-
son, engineer of the Alaskan Engineer
ing commission
The success of the entire project
MIR. Mcpherson told the House Appro-
pfiations committee in requesting
funds for pushing construction work,
is dependent on it's early completion to
the navigable waters of the interior.
This is necessary to make it possible
for those pioneers in the interior to
build homes and industries, and at
tract other pioneers to that region
Courier Democrat., 1919-06-05
Yukon Passes Liquor Law.

Dawson, Y. T., May 31.-The terri
torial legislature has passed law
forbidding the sale of liquors within
Yukon territory after Sept. l. A plebi
scite on the future liquor policy will
be held early next year.
Courier Democrat., 1919-06-05
Hurley to Reconsider Order.

Washington, May 31.-Pacific coasl
shipbuilders obtained from Chairman
Hurley of the Shipping board prom
Use to reconsider cancellations of stee,
ship contracts in their yards, with q
view to reinstating or substituting
new work if injustice had been done
Courier Democrat., 1919-06-05
FREDERICK P. KEPPEL QUITS
Assistant to Baker Will Take Up Red
Cross Work.

Washington, June 2.-Frederick P.
Keppel, third assistant secretary of
war, today announced his resignation,
effective June 80. DR.. Keppel, who en-
tered the department at the outbreak
Of the war, to assist Secretary Baker,
will become director OF foreign opera
tions for the American Red Cross.
Before he entered the War depart.
ment, DR.. keppel was dean of Colum.
bia university, New York,
Courier Democrat., 1919-06-05
Poles Driven Out of Rovno.

London, June 2.-The Bolsheviki
have driven the Poles from Rovno
after fierce fighting and occupied the
town, according to wireless message
from Moscow. The Russians claim
to have captured large quantity of
military stores at Rovno.
Courier Democrat., 1919-06-05
CALLS MOVEMENT TREASON
Government Warns Rebel Leaders in
Rhineland.

Berlin, June 2-The government
has published a statement in black
type under huge head, Warning"
saying that those planning to separate
create an independent republic are
guilty of high treason, punishable with
life Imprisonment and that the govern.
ment's duty would be to take measures
to the fullest severity of the law
against those persons.
Courier Democrat., 1919-06-05
ALLIES READY TO, STRIKE

Further Advance Into Germany Will
Follow Refusal to Sign.
Basle, June "A dispatch to the
National Zeitung from Mainz said
that, in case the Germans refuse to
sign the treaty, the French high COM
mand has received orders to advance
so miles east from the present zone
of occupation. British troops will oc--
cupy the Ruhr district, the dispatch
said. Six hundred technicians and en-
gineers already have been summoned
to Cologne to prepare for such a move.
it was said.