davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-28

rowings were from Great Britain. In
1911 she borrowed 1896 100000. OF
which Great Britain supplied 1856 per
cent. and the United States SIS per cent.
In 1915, with Canada borrowing $780,
100000. the figures had changed TO
Great Britain is per cent. and the
United States 64.S9 per cent The next
year the United States put into effect
restrictions upon borrowings, and the
figures. out of a,total borrowing by Can
ada of $772.000,00o, were Great Britain
63 per cent, United States 2i.06 per
cent. Tho United States, however,
placed contracts amounting to Sl25, 000,-
600 with Canadian munitions concerns
and Gseat Britain used about Sf00, 900,
600 Of the sums borrowed from the
United States to pay for goods pur-
chased In Canada.
Thus 1t will be seen that our fnar-
cial relations with Canada. growing
steadily in Importance during the period
before the war, have become by reason
of the tremendous upheavals OF the last
four years ono of the overwhelming
facts OF Canadian national existence
Cana da's need for our wealth must con-
tinue. and If, as seems TO he generally
expected. the people of the United States
boone accustomed to general Investment
abroad Canada would seem to be ono
OF the chief fields OF their interest
The movement OF sturdy pioneer
stock from our own farming West to
that of Canada will doubtless continue,
and the exodus from Europe, II it takes
place at all, will be largely in tho d.
rection of Canada, particularly IL. as
now seems possible, the United States
opposes barrier to immigration to pro-
tect her own workers. Canada II seems
Will thus inevitably become not only an
increasing market for our goods, but
an object Of our solicitation because OF
the great sum OF our wealth invested
| there. Upon such foundation can
common friendship and understanding be
built"
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-28

TRENTON, Jan. 27.--Thomas +. w.
Gran. former Senator OF Paterson. was
sworn In to-day by Supreme Court Jt'
tico Trenchard as Aforementioned 10
succeed john ". WeScOtL penoNF"'
who twice nominated Woodrow Wie''
,sor President. McCran. a EcpubhHAN'
was recently nominated by tito Cover
nor 2s Attorncy-General and hs NOM
nation was confirmed by tho SspsN
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-28

GuAYAouIL, Jan. 27.-Several persons
were killed and wounded when the police
fred upon a strike mob here last night.
The clash was the elimination OF a day
Of disorder during which mobs attacked
the plant of the newspaper Gudnte and
partly destroyed the plant of the Diario
IluStrddo.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-28
SHOT THROUGH HEAD; LIVES
Bullet Passed Between Rrnin
IObes>Of soldier.

CAMP MG'LELLA#, ANNIsros, 50
Ian. 27.-Wirh a As caub~e t.'"'
through his head Private Carl Stro'N,'
Indianapolis. Ind, In alive aud hosU'a.
officials think that he has Sigh, CHARGE
10 recover.
Private Streiback was shot S3ndd'
night. when a pistol In the hands o. 4
member OF the same company vas as
charged. The bullet struck the indian
apolis man squsrely In tho back ~ TO
head and emerged in the centre ~ ''F
forehead. An examination showed th''
the bullet had passed between the looeN
Of the brain, tearing away oriy the
tissues.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-28
CANADIAN BANKS ASSETS.
surplus shows Gain of over So
.IO,0.5 I'm Month.

OTTAWA. Jan. @7.-Thc statement Of
the Canadian chartered banks issued to-
day for December gives surplus assets
OF S2I.5S5,54a against s235,S+2,57i at
the close OF the previous month. The
statement as a whole for December COM
pares with November as follows:
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-28
stops II runaway. Saves Children.

Fatrolman Rudolph c. Hoffman. on
post In front of Public School 20. 169th
street and Simpson avenue. The Bronx.
saw runaway team dashing toward
group OF $50 school children playing in
the street yesterday. He made a flying
leap. grasped the bride of one OF the
animals and brought them to stop
after having been dragged fifty feet.
Hts ankle was badly bruised. but other
wise he was unhurt. None OF the chill
dren were hurt
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-28

MANAGuA. Jan. 27.-Many persons
were killed and injured In. a railroad
accident on Sunday near, Masaya,
Nicaragua. The accident was caused
by spreading rails and the explosion OF
the locomotive boiler.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-28
U. s. Big FACTOR IN
CANADA'S GROWTH
American Investments in Do
miniOn Are Estimated at
ST, 272,850,000.
EXPANSION DURING WAR
Country VIII Offer Increasing
Market for Our Trade,
Says Banker.

A local banker who has paid unusual
tween the United States and Canada
said yesterday that the number Of In
dustrial establishments in the Dominion
is now In excess Of $1,000. This Is a
growth in a few years Of more than 40
per cent.
This development" he continued.
was largely brought about by British
and American capital and by the influx
Of immigration, largely from the United
States. Canadians were accustomed to
look upon their nation as essentially de-
pendent for its capital upon the finan-
cers of other lands. In 1914 bond
Issue OF $4,000, 900 was felt to have
strained the capabilities of her own peo-
pie. The second year Of the war how
ever, saw the successful fiotation-with
American help--of an issue OF 100000
900. issued below par.
This was thought phenomenal. The
entry of the United States into the war
dried up American assistance, and yet
in November. 1917. the Canadian people
subscribed for $41s.o0o, 900 of Victory
Loan issued at 100.
Country's Reserve Strength.
"That the net debt OF the country has
increased from s335.996.s50 In March,
1914. to sl.0l0.7S0.470 in March. 1918,
Is no small matter. but that rs per cent.
Of this indebtedness represents the saw
ings OF men and women who believe In
Canada's ability 10 pay is, in the case
Of . country that hestitatcd at n $780,
100000 loan AT the beginning OF the
war. an indication Of reserve strength
that overshadows every liability.
How has this money been spent the
Increase in manufactures has been amaz-
ing The output of steel products has
more than doubled since the beginning
OF the war despite the shortage of raw
materials. labor and transportation Ia
cilities. Munitions OF course took up
much OF the product. but advances were
made In tools and agricultural ma
chinery The shtrbuilding industry has
grown tremendously. and despite the
burdens imposed by extraordinary prices
tire Government went ahead with pro-
gramme that involved after the war
trade az we'll as immediate needs. -Four
teen yards are at work on ships, chiehy
for the Dominion Government. For the
first time large vessels are being built
in Canada with Canadian money.
This shipbuilding plan. which has by
, no means been dropped with the con-
clus.on OF hostillties Is more significant
perhaps than any one other feature of
| present Canadian attitude. Despite com
| petition she will have from the mother
country, from the United States, from
Japan. France. italy and possibly from
Germany. all OF which can probably
! produce more cheaply. Canada definitely
| plans to enter into the race for foreign
trade. She has contracted for 10000
tons annually OF the product of tho
Dominion Iron and Steel Corporation
| for the next Ave years.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-28

Large problems are ahead OF Canada
If she is TO develop foreign trade COM
mensurate with the ambitions stirred by
her prosperity in the war period. and in
the Canadian scheme of finance big and
strong banks will be just as essential
as In Great Britain, where the merger
tendency continues. Exchange on
New York continues around per cent.
premium, and while there is talk of n
Dominion loan being floated at New
York at an early date. the chances are
not considered promising until your next
Liberty Loan Is out OF the way.
Meanwhile our bankers note as en-
couraging the expanding demand for Ca
madam securities from private investors
in the United States. Your investors
have been considerable buyers of the
Domnions war loans recently, buying
being stimulated by the per cent. dis
count on purchases made available by
the exchange situation. The purchase of
SO, 600. 900 per cent three year bonds
OF the Province Of Ontario by a syndi-
cate OF New York bankers this week is
another indication OF a similar interest
In Canadian securities. In time such
buying IL bound to make itself felt In the
exchange market. particularly as large
imports of material for war purposes are
ceasing.
The fact that the National City Company
New York. will begin operating In Canada
next week through the newly formed Ca
madam subsidiary, National City Com
pany. Ltd. indicates the View that In
terns tional security business will broaden
out to considerable extent in the COM
ing months. OF collateral interest is the
announcement that Aldred & Co. Ltd.
the Canadian subsidiary of a New York
Investment house. has completed arrange
ments for the opening OF a branch
office In Paris. France.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-28
FREED DIRECTORS
ACCEPT BACK PAY
Not One of the II3 Had EUen
Worn a Uniform.

LEAvEN WORTH, Kan. Jan. o,.--rhe
release OF 1l3 conscientious DIRECTORS.
honorahly discharged from the service
hy- War Department orders, was begun
to-day at the disciplinary barracks at
Fort Leavenworth. Two. however. re-
fused TO leave, saying it was against
their religious scruples and such would
not be for the glory OF Cod
Each man received mileage. the same
as that given to discharged combatarts.
10 the point OF induction into the ser
vice Each also received suit OF
civ ilian clothes None at any time
had worn a uniform. Some Of the men
had between $500 and $500 awaiting
them In the form OF back pay and allot-
ments Not one refused the money.
As the first few TO sign their dis
charge papers scratched out the line
bearing the, caption signature OF
soldier" and substituted "child Of God.
officers thereafter insisted the signature
of soldier line stand.
TOPEKA, Kan. Jan. GA resolution
condemning tho action OF Secretary
Baker In ordering the release of 1l2
conscientious DIRECTORS and demanding
n Congressional investigation as to "the
delinquency Of the War Department
was adopted to-day by the lower house
OF the Kansas Legislature
The resolution branded the Secretary
Of Wars action as "mischievous, unwise
unratriotic. un-American and destruc.
tive to the morale of every person wear
ing the uniform OF the United States
army" and declared II placed a prem,
ium on slaclerism. cowardice and mawk.
ish sentimentalty,"
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-28
EXPLORER EXTOLS
FUTURE OF CANADA
StefanssOn Says the Dominion
Will Rapidly Increase in
Greatness.

PHILADELPHIA. Jan. 21.-The course
ward but northward. and the centres
of civilization. which since the begin
ming of historic times have been NOV
Ing north from the equator. have not
yet reached their limit and may 60 far
north OF New York or London. said
Filhjalmar Stefansson. tho Arctic ex-
plorer. in a talk here.
He forecast greatness for Canada.
mainly because it Is to become the
greatest cattle raising land In the world,
through, he believes, the supplanting
OF the steer and COW BY the musk on
as beef animal.
The occasion OF the explorers ad-
dress WAS the presentation to him at
the annual dinner In the Bellevue strat-
ford by the Philadelphia Geographical
Society OF the Elisha Kent KRe medal
awarded annually by the society for dis
tjnguishcd contributions TO geography.
Refused Gold Medal.
The medal. which has been presented
annually for many years. is additionally
OF gold Mr.. Stefansson, however de-
clined to accept gold medal and re-
ceiNed instead a bronze one, the differ
ence in value going to the mother OF
Henri Beuchat, a French anthropologist
on the Arctic expedition OF Stefansson.
who persisted IN the expedition.
His mother. with her men all fallen
In war-shs is a native OF Paris-is
destitute.
Mr. Stefansson devoted virtually all
his address 10 explaining the yet gem
orally unknown possibilities OF the musk
on. The rame OF Barren Lands" for
the boundless tracts Of fine grazing
land in northern Canada. he says. is as
much of misnomer as was calling
Kansas, Nebraska and Utah the Great
American desert
In this land. he said, the meat prob
lem OF the world can be solved. Musk
OK" too. he says. is a misnomer for an
animal which is in reality a gigantic
| sheep. the meat of which tastes the
same as beef, and which has a wool
coat two and one-half times as thick
as that OF the sheep.
Reindeer meat, already being intro
duced by the Government in the West
and now in New York markets. Mr.
Stefansson said, is not TO be compared
with that OF the musk OK.
Musk OK Easy to Raise.
The musk OK can be grown all over
the North. II needs no barns and no
J feed. 1t protects itself against the
wolves and It multiplies rapidly. Feed
| Ing on grass. While reindeer feed on the
lichen which grows beneath tho grass
the two animals can be pastured on the
same land. Only in milk giving capac-
! ity is 1t inferior to cattle.
! The POSTMASTER OF the evening was
Prof William T.. Liugelbach. presden,
! OF the society. Presentation OF the
medal was made by Henry q. Bryan
vice-president OF the society. himself ar
! Arctic explorer.
! Other speakers we're Capt Delport OF
the French mission. veteran of tht
Nerdun front; Robert Silvercruys OF tn,
Belgian mission, Lieut. Giorgio Albeit
OF the Royal Italian mission and Mrs
Bertha Pappazian. who spoke on Ar
menia.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-28
Many Public Works Proposed.

It is proposed to spend s6O,ooO,O0o on
Government railways and more than
$40 900 900 on public works. A further
$50. 600, 900 is required TO complete the
shipbuildng programme, and II cannot
be said that this will constitute alto
gether a capital" expenditure. The ships
are TO cost $500 n ton. but tho price or
shipbulldng in normal times Is little
more than half that, so that goodly
part Of the s60,O00.OO will have to be
written off by the Dominion.
II Is further estimated that soldiers
gratuIties will cost In the neiehborhood
of from SIS, OOO, 900 to $4,000, 900. while
$40. 900, 900 will be required for pensions.
Add to these amounts. including In
terest on the debt, the ordinary expendi-
lures Of the country. and sum Is
reached which is a record in Canadian
budgeting.
As "A matter OF fact the fixed charges
Of the Dominion alone probably are
greater than her average total expendi-
lures in peace times.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-28
To Exploit Fisheries.

She has been ambitious, but sl,e bases
hef hopes upon the worlds need OF ships
and upon the ability of her own manu-
facturers 20 keep up the pace they have
set during the war. Plans are being
made 10 exploit the great fish resources
OF Dominion waters as debt paying
source of wealth. Before the war the
Canadian catch was 1l2La pounds per
person, OF which s3E pounds was eN-
ported The great wealth of timber
awaiting the ak is another hope OF the
people.
Recent arrangements have been made
with the British Government to take
great quantities OF wood. to replace that
formerly obtained from Russia, Norway
and Sweden. Cooperation in the market
ing OF the large wool clip !s also pro-
posed, and will probably be effected.
Reconstruction problems. which are
particularly complex because Of the high
per capita debt and the aggressive policy
OF the Government during the war. are
being attacked with great vigor. IL is
usually said that Canadian methods ~
dealing with the manned soldier are the
best the war has developed She is
showing a similar strength in handling
the whole rehabilitation problem, the
general attitude being, apparently that
the Government shall stand behind the
budding industries, until they are able
to go 1t alone.
'In spite OF the fact that the United
States has been chiefly preoccupied
with her own internal development. she
has contributed n fair share toward
Canada's economic expansion. Railroads
were the concern largely of Great Brit
ain. but much OF the industrial devel-
opment has been our contribution. The
water power and Industries around
Saul ste Marie. the coal industry OF
Nova Scotia, the steel works at sydney
the Niagara Falls development on the
Canadian side, the mines OF British
Columbia, the elevators and warehouses
of Alberta and Saskatchewan. these are
our contributions to the rapidly deyel-
op!ng land.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-28

ottawa. the former with assets OF about
1851. 100000 and the latter with assets
of about s73.000,0o0. The combined In
stltution. which will bear the name OF the
larger bank. will have total assets of
about 1894 900. 900. total deposits of
about $l7S.000. 900. and 800 branches.
making II easily the fourth largest bank
In Canada. The Bank of Montreal, with
assets Of s5b9,000.000. remains first in
the list, Canadian Bank of Commerce
coming second with s4i0.000.000 and
Royal third with f427.00O,00o.
A determining factor in the decision
Of the Bank of Ottawa directors to ac-
cept the terms offered by Nova Scotia,
namely. the exchange of five shares Of
their own stock for four OF Nova Scotia's.
appears TO have been the opportunities
opened up by Nova Scotia's foreign con-
nections. Nova Scotia was the first OF
the Canadian banks to enter the West
Indian field. 1t is also joining the list
OF Canadian banks with agencies In Lon
don, England. Ottawa on the other hand
has grown up more or less as an Ottawa
Valley Institution. To "break out into
the OPEN" with competition as keen as
1t is. would have involved heavy expense.
Although there has been faint re-
vival of the old cry that these banking
amalgamations. which have reduced the
number of chartered banks in Canada
from thirty-eight twenty years ago to
eighteen, represent a further extension
of Montresl-Toronto money trust,
the new merger meets with approval in
responsible quarters.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-28
America Investments.

ut 10 said that American investments
in Canada prior to tho war were more
than 100000 900, and that the annual
interest payments wero about $50. O0O.-
900. During the war these figures more
than doubled. reaching sl272,S50, 900.
There are 500 branch firms Of American
industries In Canada. They are usually
well provided with working capital, and
are for the most part healthy and grow
ing.
But a no less important American
investment in Canada cannot be eX-
pressed IN dollars, The Canadian wheat
belt Is largely manned by American
farmers, men in whom the pioneer spirit
had not died. and who, bored by the
growing compleXity Of the civilizations
of what was the American frontier OF a
generation ago sought out new fields for
their empire building instinct.
During the fifteen years before the
war the total number of persons enter
ing Canada from tho United States was
$4,000 more than the number of per-
cons entering the United States from
Canada. These immigrants brought
with them an average. according 10
Canadian figures. OF 1912 an Immigrant
or q total during the ffteen year period
Of S195. 900 900.
'"rhe following tabulaton gives tho
balance of trade figures In favor OF the
United States over the three latest four
year periods ending in each instance
with March 81 OF the last year OF each
group, as corrected by gold shipments
from Canada to the United States
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-28
Interest Alone I. sIoo.ooo.ooo.

When war broke out the interest In
debt was in the neighborhood of H2.-
600. 900 and by the end of the present
fiscal year II will be nearer to $780,
900, 900, for interest must be paid not
only on the net but on very large
part of the gross as well. In 1910 the
total revenue of the Dominion was only
sl01 900, 900,
During the year prior 70 the war Can
ada's total disbursements amounted 10
sl44. 600 900, and this was considered
high. Her disbursements during the
coming year. apart entirely from those
required for the upkeep OF the troops
while still virtually on active service,
will amount to close on s400,000,0O0
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-28
CANADA'S REVENUE
NEEDS GIVE CONCERN
Dominion Must Raise for In
terest Alone Almost Its
1910 Income.
Specigi Despdtch 10 Tue suS.

MONTREAL, Que, Jan. 27.-The coming
sessions budget will bring home to the
Canadian people the lesson Of the war
and Is giving grave concern TO many
observers While the conflict was in
progress little consideration was given
to the spending OF money.
The passing OF money votes. either
for war or for domestic purposes. dur
ing all the war sessions of Parliament
has been a formal matter, even when
party lines were most closely drawn.
Hundreds OF millions were voted In the
time it formerly would have taken to
pass vote for harbor at Margaree
or a post office at Wawanesa, but now
that peace Is assured the Dominion must
get down to peace time methods OF
voting money.
There is now time and opportunity for
retrospect When the war broke out
Canada's net debt totalled s336,o0o, 900
and her gross debt s5+4,00o,00O. To-
day the net debt of the Dominion stands
at 1880, 600. 900 and her gross debt at
s2.4sl, 100000. Both have more than
auadrupled since the war commenced.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-01-28
Big Bank Merger Announced.

The third big merger OF Canadian
banks In year was announced this
week. the Minister OF Finance having
given his consent TO a union OF the
Bank Of Nova Scotia and the Bank of
St. Paul tidende. [volume] (St. Paul, Minn.) 1902-1928, 1919-08-15
Min,reiotas 2eaislat,,r ffal mpbes
til efstraorbiner samIing sen
8be September.

S Man6ags noitebte @nbernpr
Bnrnqutit Ell &rofIalnotio1t ia1nmer-
fa1benbe Minneiotas 2egis1atur til
efstraoroiner samltng Sen s. Sep
tember S Eroflamatione:1 o11befn-
1er ban 8ebtagelie af Sorbolo osreg.
ler, ion1 bill afDnrge 5fopbran6e 1
0oro Minneioto 2igbeo 1neo Sc
itore 8ranbe fioite Gfteroar. Sore
ilaar 5ialp til afrnpnitreoe goloa=
ter, @o6fjen6eIie al @r1n1olobsen=
.bri11ge1t, ser aiber &pil1oer Sten1=
1neret, sagsonlae moo grofitna-
gere.
Gnbbi6ere l16taler ban fla for
4rimarOaIg Iglobens 9gaorjng o. 8p-
rette1iett at ct 5tatsbuoget, ligeion,
ban arbefaler 2obe, Ser bill afbialpa
De geibaringer, lom Mrbej6erre ,naa
babe.