davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-06-20
r. r.. Administration
Hard to Deal With.
Car Builders Say
Delegates to Convention of
Equipment Manufacture
ers Want Roads Freed
From Federal Control

ATLANTIC CITY, June 1s.-Among
the 1000 delegates attending the an
nual convention of the Railway Car
Manufacturers Association, which
opened here to-day, the consensus of
opinion was that the railroads should
be freed Immediately of governmental
control. Informal group discussions
which took place at the various hotels
indicated that the railroad admins
tration was difficult organizat ton
with which to have satisfactory deal
angs because of it's changeable opin
IONS, which, it was said, adversely af-
fected the management of the roads.
One of the matters that will be con-
sidered by the convention will be the
completion of war orders for 100000
freight cars and 1880 locomotives.
which were placed by the railroad ad
mlnlstration. Work on this equipment
is expected to be finished by Septem-
ber l.
Director General of Railroads Walk
er u. Hines attended the sessions to-
day, and it is expected that he will
address the convention this week.
Edwin H. Walker, Of New York, pres
ident of the American Railroad Asso-
citation, which is meeting in coniunc-
tion with the car manufacturers. has
definitely refused to be a candidate far
reelection.
New-York tribune., 1919-06-20
Wall Street Items

The s54.ooo,oo Federal Land Bank AZ
per cent bonds offered by syndicate
headed by Alexander Brown & Sons
Brown Brothers Co., Harris. Forbes &
Co., Lee; Higginson G. Co. and the Ma
tonal City Company, together with the
twelve Federal Land banks and a large
group of investment dealers. meeting
with a very favorable reception from the
investing public.
Bankers have purchased from tho Amer
lean Gas Company 1000 900 Z per cent
secured notes maturing June /. 1920
which are being offered at 100 and in
terest The purpose of the issue Is to
refund a like amount of per cent notes
due September l. 1919
Directors of the Cities Service Com
pany at meeting held on June Is ex-
tended further privilege OF partial con-
version of the series B per cent con-
vcrtible gold debentures, making a total
of 60 per cent Of the outstanding amount
of these debentures to which such priv
ilegc has now been extended.
At the organization meeting of the
Textile Banking Company Edmund c.
Converse. G. NJ. p Murphy Eugene w.
Stetson, Harvey ID. Gnson and j. p
Mcguire were elected directors Harvey
u. Gibson was elected president and !. p
Mcguire. Frank e. Spencer and j. D.
Hopkins We're elected vice presidents ana
+. II. Wandelt appointed treasurer
j. II. Jepson becomes secretary of the
newly organized company.
New-York tribune., 1919-06-20
Market Influences

The call money market attracted
hardly more than passing notice after
the opening yesterday. Loans renewed
at per cent for mixed collateral and
61a per cent for all-industrial COL
lateral for the first time since the end
of last week, and even declined to 5
and 51z per cent at the close. With
that problem out of the way, discussion
turned to the probabilities Of the Ger
mans signing or rejecting the peace
treaty. The reversal of the Socialist
paper "Vorwarts," which now advo-
Gates the signing, was thought signif-
icant. Most of the other news was
favorable. There were not only the
foreign trade figures themselves, which
have been one of the leading bases of
the present market, but the removal
by the French government of the re-
naming import prohibitions, with the
exception of luxury articles.
New-York tribune., 1919-06-20
Michigan Bankers Favor
Warfeld r. r. Plan
Adopt Resolutions Opposing
Continued Government
Control

SAGINAW, Mich, June 19-The
Michigan Bankers Association, as
sembled here to-day, unanimously
passed resolutions declaring against
government ownership of railroads
and against continued control and
operation "longer than necessary for
the Congress to enact appropriate
legislation for the return of the rail-
roads in such manner that the bust
ness and financial interests of the
country may be adequately protected,
having due regard for the interests
OF the owners of these properties and
those who have invested their money
therein"
The resolution further gave it as
the opinion of the Michigan bankers
that any act passed by Congress
should recognize that competitive
railroad service is essential to the up
building of the country and that en-
forced consolidation of railroad prop
critics would neither meet the present
situation nor serve the present emer-
New-York tribune., 1919-06-20
Will Help Foreign
Trade Banks Get
Accounts Abroad
Federal Reserve Board SYM
pathetic Toward Plan of
Our Institutions to Com
pete Actively With London

Americas foreign trade banks, under
liberal rulings, soon to be made by the
Federal Reserve Board, will be enabled
to compete actively with the great
acceptance houses of London, it was
learned yesterday.
Plans for handling the foreign bust
ness which is anticipated after the war
were informally discussed at con-
ferences held in Washington this week
Federal Reserve Board and represen-
tatives of the leading foreign trade
banks.
The banking institutions represented
at the conference, most of them COM
paratively new organizations, were the
French American Banking Corporation,
American Foreign Banking Corpora
tion, International Banking Corporation,
First National Corporation of Boston,
Park Union Foreign Banking Corpora
ton, Mercantile Bank of the Americas,
Foreign Trade Banking Corporation and
the Asia Banking Corporation of New
York.
The principal conference was held on
Wednesday, when the whole matter of
foreign trade financing was discussed
in its broadest aspects. The view was
taken by the Federal Reserve Board
representatives, it is said, that every
thing possible must be done to aid the
banks in carrying the burden Of foreign
trade financing in SO far as. it is good
business to do so. In all matters per-
tanning to foreign trade, the banks and
the Reserve Board plan to work in
close harmony. No hard and fast rules
are to be drawn covering this field
of financing, it being the idea of the
Reserve Board to go slow and feel it's
way, so as not to hamper the banks
unnecessarily. The bankers who at
tended the Washington conferences re-
turn to New York greatly pleased at
the attitude taken by the Reserve Board
representatives. Further conferences
will be held to discuss the matter in
more detail.
New-York tribune., 1919-06-20

Signature might give US momentary
rise, but we believe that, like the armis-
tice, it would be followed by a fuller
appreciation Of problems thereby en-
tailed upon us.-Clark, Childs & Co.
Not Yet Resumed
While the bull market is not over, do
not be misled by this rally that it has
been resumed. Nearly every precedent
shows that after market has received
severe blow it only RECEIVERS from it
after a prolonged period of Irregular
ity, furnishing excellent and safe op-
portunities for trading. Even if the
present should prove an exception, the
market is certainly not going to run
away again until something more def
mite is known about Germany signing
the peace treaty on or before the date
set, next Monday.-C. I. Hudson e Co.
New-York tribune., 1919-06-20
The Markets
Stock Movement

There was no definite trend to yes
terday's stock market. The market
opened with few advances; declines
set in little later; again came small
advances, and at the end of the day
a more pronounced decline, with ac-
tivity greatest at the close. The aver
age prices Of railroad and industrial
stocks at the end Of the day showed
fractional losses. Trading exceeded a
million shares, but it was the most
quiet session in two months. There
was no individual movement of great
significance. Corn Products gained
81 points, General Motors lost 29s ,
National Biscuit gained 7%, Steel
common sold as high as 107a4, but
showed net loss Of " point at the
closing price of 1861.
New-York tribune., 1919-06-20
ency. Other sections of the resolu-
Established I8s

gency. Other sections of the resolu-
tion said
"That we are in favor of an act of
Congress that shall give specific di-
rection to the Interstate Commerce
Commission in respect to a percentage
return on the investment in the rail
roads of not less than per cent on
the aggregate investment in each Of
the three classification territories.
THAT we favor legislation founded
upon the general principles of the
plan proposed by the National Asso-
citation of Owners of Railroad Securi-
ties, known as the 'Warfeld Plan
now before Congress for considera-
ton"
New-York tribune., 1919-06-20
The Dollar in Foreign Exchange

Exchange rates moved narrowly yes
terday in dull market. Demand
sterling was slightly easier at $4.61.
Gables closed at s4.62. French ex-
change was barely steady
" Exchange on the Scandinavian coun-
tries continued under pressure. The
decline in exchange on Norway, Swe-
den and Denmark is largely due to the
increased offerings of bills against
heavy purchases of commodities here.
All of Scandinavia has been buying
goods in this market to ship into Ger
many as soon as the peace treaty is
signed and the blockade lifted.
(Quoted dollars to the pound.)
New-York tribune., 1919-06-20
Equitable Life Appointments

The following appointments of vice
presidents by President William A.
Day, of the Equitable Life Assurance
Society, were confirmed yesterday at
meeting of the board of directors:
John V. f. Westfall, vice president
in charge of executive department;
Alfred r. Horr, president in
charge of financial departments; Will
lam E. Taylor, vice president in charge
of agencies,
New-York tribune., 1919-06-20
Interest Will Not Re Paid

The New York Railways Company
announced yesterday that the inter
est due July 1 on its first real estate
and refunding 4 per cent bonds will
not be paid by order of the court. A
protective committee of bondholders is
being organized, with George l.. Burr
as secretary. The Guaranty Trust
Company will receive deposits of the
bonds
New-York tribune., 1919-06-20

London Money Market.-LONDON
June 19.-Closing rate for money, 2%
per cent. Discount rate-Short bills,
3A per cent; three months bills, "a
per cent. Gold premiums at Lisbon,
10000.
Money Easier in India.-CALCUTTA
June 19.-The rate of discount of the
Bank of Bengal was reduced yesterday
from 6 to per cent.
New-York tribune., 1919-06-20
New Railroads Under
Construction in Texas
Financial Bure


Special Correspondence
SAM FORDYCE, Tex, June 49,
According to Lawrence Brooks, who
represents the construction quarter
masters division of the War Depart
ment, the government has finished
making the survey and has obtained
the right of way for railroad which
it will construct from Sam Fordyce up
the valley of the Rio Grande to Fort
Ringgold, twenty three miles. The new
line will connect with the ST. Louis,
Brownsville & Mexico at Sam Fordyce.
Financial Bureau
Special Correspondence
WICHITA FALLS, Tex, June 49,
j. A. Kemp, of Wichita Falls, and asso-
ciates, who constructed and operated
for number of years the Wichita
Falls & Northwestern and the Wichita
Falls & Southern railways, now a part
of the Missouri, Kansas & Texas sys-
TEN, are promoting the building of a
railroad from Wichita Falls to Brown
wood, about $50 miles. The route of
tHe proposed line is Via newcastle,
Breckenridge and Ranger. The people
of Breckenridge have subscribed $780,
600 in money in aid of the projected
road. Large bonuses have been RAISED
at other towns.
Financial Bureau
Special Correspondence
HOUSTON, Tex, June 1S.-An ex-
tension of one and one-half miles of
the Houston Municipal Harbor Belt
Railway is being constructed. This new
stretch of track is to run from the re-
tinery which the Sinclair Gulf Oil and
Refining Company is building and the
new refinery of the Crown Oil Com
pany. One mile of sdetracks will
also be laid. With the finishing of this
extension the city of Houston will own
fifteen and one-half miles of railroad
on which the switching service is per-
formed by the Houston Belt G. Ter
minal Railway under an operating con-
tract with the city. Other important
extensions of the municipal railway
system are planned, it is announced.
New-York tribune., 1919-06-20
j. X. Rice, Jr. &Co. Buy & Sell


Aeolian Company Pfd.
Ae0lian Weber r. 6 p. Com. & Pfd
American Alliance Insurance
American Mailing Com.
American Piano Com. 8 Pfd.
Bank of America Stock
Bankers Trust Co. Stock
Il. w. Bliss Com.
Continental Insurance
Bank of New York Stock
Il Del. Lackawanna Coal
Franklin Fire Insurance
Foundation Company
Farmers Loan s. Trust Stock
y Great American Ins.
Hanover Fire Insurance
IntI & CT. Northern Corp.
Knox Hat Co. All Issues
Kirby Lumber Com. s. Pfd.
II iehigh Valley Coal Sales
Lord & Taylor
i Midland Securities
National Fuel Gas
Niagara Insurance
Niles BementP Pond Com.
New York State Railways Com. & Pfd.
i Otis Elevator Com.
Old Dominion Steamship
Port I.obos Petroleum
Pyrene Manufacturing
Remington Typewriter Stock
Singer Manufacturing
Standard Screw Com.
Standard Oil of New Jersey
Texas Pacific Coal g. Oil
Texas q Pacific Land Trust Gifts.
Victor Talking Machine
WrightMar Pfd.
J.k.Rice ,Jr.&CO.
Phones 1000 to 4o1o John. ss Wall ST.. N. Y
New-York tribune., 1919-06-20

SUb-Treasury. -. The Sub-Treasury
lost s1,037,00O to the banks on Wednes-
day.
Silver.-London, 54Ad; New York,
s1.129s; Mexican dollars, S7@s1c.
New-York tribune., 1919-06-20
Market Opinion
Markcf And Treafv

Market and Treaty
II Is unlikely that Gcrmany's decision
viii play much part in the market,
New-York tribune., 1919-06-20
State Tax on Incomes
of
Business Corporations

THE New York State Franchise Tax
4 Law, as amended in 1919, imposes
tax of "a 90 on the income of every busi-
ness corporation organized or doing bust
ness within the State. Reports of income
must be filed with the State Tax Com
mission on or before July 1, 1919, or
within thirty days after making Federal
Income Tax return to the Government
Forms for making the required returns
under this law are now ready for distribu-
ton and may be obtained at any of our
.offlces.
We have also printed for distribution a
booklet containing summary of the prin-
cipal provisions of the law, together with
its full text
Copies of this booklet and
forms will be sent on request.
Guaranty Trust Company
of New York
14O Broadway
FIFTH AVENUE OFFICE MADISON MADISON AVENUE OFFICE
Capital and Surplus $5O,OOO,OOO
Resources more than $7OO,OOO,000
New-York tribune., 1919-06-20

Bank of England-LONDON June 10.
The weekly statement Of the Bank of
England shows an increase in bullion
of f700,696. The proportion of the
banks reserve to liabilities this week
is 1871 per cent; last week it was 1917
ner cent Other chanoa follour.
New-York tribune., 1919-06-20

Bank Acceptances-Rates were un-
changed yesterday as follows:
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent Per cent. Per cent,
Eligible
member
banks e. ,4h@4 4N@4A 4s@4M
Eligible
nOnmem-
Der banks.4fs@4 4S@4I4 4aa@4n
Ineligible
bank bills.5M@4I2 5I4@4La 5N@4A
For delivery within thirty days:
Per cent
Eligible member banks. ......... 4Ts
Eligible non-member banks. .... 4H
Ineligible bank bills
New-York tribune., 1919-06-20
Money and Credit

Call money opened and renewed at
6 per cent for mixed collateral and 6h
for all-industrial collateral yesterday
for the first time since the end of last
week. 1t not only failed to go above
that rate all day, but declined during
the session to and SIX per cent.
There is still a fair volume of time
money, with borrowers bidding per
cent for accommodations for all dates
on both classes of collateral.
The ruling rates for money yester-
day, compared with year ago, were
as follows:
Call money:
New-York tribune., 1919-06-20

Following are the official rates quoted
by the American Relief Administration
on exchange against the countries on
which it has supervision over all
dealings:
Marks to the dollar
Germany ............. 1855
Poland ..............1 16
lHIanO ................ $3.50
Kronen to the dollar
Czecho-Slovakia ........ 1850
German Austria ........ "a
Jugo-Slavia ............ 23
Lei to tho dollar
Rumania ..,............. s.35
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-06

the drying stages setting every nerve OF the lockers on
upon edge lest they slip to instant death in those ice
laden
In the winter they will often take the treacherous
Esqumau dog packs and ride over mountain and valley
an Tho chase after fur bearing animals rsking all the
dangers of the wilderness there the while.
In the spring they go with the men to take the SEAL
who cover the ice with their little ones them Ice may
be "rotten" and hunter slip through man may fall
or be caught on some ice cake that would turn sudden
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-06
lust FOR Flu N

sor,srsaut Butwe, one mustn't think OF sucn Things
as he goes osor If thrills for
+h..a "cod bovs" and even the dangers become mum.
drum. It really needs something wholly new 49, ~.
stir their nerves. excite them up 'nerr' "n hurt,;no
oeronane racers have given at last 10 20 III, ''s
tbe air 70 fly high above fogs, to slip over the
neaks Of the taest icebergsthOse things are haeea
wonders and give the young Observation-Disclosures fea'
very pleasurable thrill!
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-06
When Pat Measured Up

Mr.. Jones: ~ hear your dog is dead Pat"
Pat: "He is sur The pur haste swalleyed tape
measure sur"
Mr.. Jones with a wink at friend): "Ah, then, he
died by inches?"
Pat: mo- sur, not exactly. He went back of the
house sur and died by the yard, sur
South Norwalk Conn., Aurora Ellis III years.
If a man met a crying pig, what animal would he
think Of?
Answer Pork you pine.
What is that which is often taken to table cut, but
never eaten?
Answer: pack Of cards.
Hunter, N. Y. Florence M. Graham (12 years..
Whv is false friend like the letter "P"?
First in Pity, last in Help
Why is an elephant like corkscrew7
There's 'b' in both.
New York City Maxine Cushing 30 years..
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-06

For every joke connndrum or question and dnswcr
that is neo enough get into this column, are 1c send
the ChiIdren's Tribune Arard Button and one THRIFT
stamp The questions and answers need not be funny
then need only be interesting and unusual Age limit
fifteen years.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-07-06

Ny first is a shortening for name
Nv second the middle Of the same
Ny third is a single part Of chaln'
Ny whole is bird that sings IN the lane
Answer Bob-o-link.
Walden HerreshoH az years..
Richmond Hill, l. L
What plant stands for AZ ~.
When ia a man thinner than q lath7 When he u
a shaving Dudley e. "eos'er 'io Se"''''
Maplewood, N J.
Every evening, Wilmington daily commercial., 1919-01-07
NAVAL HERO, FLU" VICTIM.
Capt. Emery Rice Was First Amer
ican to Sink U-Boat; Cut Off
Cervera's Retreat.

New York, Jan. G. Captain Emery
Rice who commanded the Mongolia the
first American steamship 10 sink German
submarine, and who made 4 voyages
across the Atlantic during the war, died n
day or two ago Mt the New York Navy
Yard Hospital of pneumonia, following
influenza lie was i'll only a week
1t was on. April 10, 1917, few days
after the United States entered the war,
that the Mongolia fired the first gun for
america. Naval gunuers who sighted, in
British waters, q Submarine about to
attack the great steamship, shattered
her pcriscope and sank her Delighted
with this clean hit NJ .noO yards, they
named their gun the Theodore Roosevelt
Captain Rices distinguished sen record
dates back. however, many wears before
the world conflict just ended As quar-
termastcr on the scoutship Harvard, dur
ing the Spanish American War he wig
wageed from the bridge Of that vessel the
signal which brought Rear Admiral
Sampson az full speed 10 attack Admiral
tcrvcra squadron. Later he was decorat-
cd by the Emperor of Japan for rescuing
the crew Of tivc from an overturned samp-
an IN tho yellow Sea at risk to his own
vessel far greatcr than the unwrittcn law
of the sCa REQUIRED.
There was not an ocean or sen he had
not sailed, and besides witnessing the de
parture of the British Expedltlonary
Force for the rransvaal during the Bocr
war, he was IN the transport service
during tho Chlna-Japan conflict and the
Russo Turkish war.
Every evening, Wilmington daily commercial., 1919-01-07
I56 NEW BANKS IN 1918.
1871 Now Doing Business in U. S.
Under Charters.

Washington, Jan John Skelton
Williams, Controller of the Currency,
announces that during 1918 there were
I56 charters granted 10 new national
banks, with capital Of sl3,775,OOO, as
compared with 1914 charters, with capi-
tai of Sl2. .9S5 900, granted the preceding
year In 1918 the Controller refused 81
applications for charters, compared
With y reflections in 1917
In 1915 total of l64 banks increased
then capital stick by the sum OF SIS
s6e 600 while l7j banks increased their
capital by So ,q34, 990 the previous year
-Four national banks reduced their capi-
tai by $3.50 in 1918, compared with
l3 in 1917. which reduced their capital
$50, 500
Mr. Williams stated hat - national
banks III 1918 went into voluntary Lqui-
dation exclusive of those cons, lidating
with other national banks their aggre-
gate capital being $500, 900 as com
pared with "A IN 1917. with IN aggregate
capital Of So, 522. 800
On Der 81, 1919. there we're 7.7SI ac-
tive natrnal banks