davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-03-16
The Dollar i'm Foreign Exchange

Weakness of French exchange was
the principal feature of the foreign
exchange market last week. Franc
checks declined from 5.4SA to 5.55
during the period, the greatest fall
occurring yesterday. Francs are now
at the lowest level in months. The
downward movement in francs is gen
orally attributed to selling Of drafts
on Paris against the 100000, 600
French government loan maturity in
this market on April J., which is pay
able either in francs at Paris or in
dollars at New York.
If you calculate the cost of the dol
lar in terms Of foreign money at par
value-that is, il you were buying dol
lars with pounds, marks or francs-its
value at the close of last week, as com
pared with year ago, would be about
as follows:
New-York tribune., 1919-03-16
Divid end s
Extras

Keystone Tire and Rubber Company:
An extra stock dividend of Is per cent
has been declared in addition to reg
ular quarterly dividend of per cent
on the common stock The extra is
payable on May 20 to stockholders of
record May i and the regular on April
l to stockholders Of record March 81.
New-York tribune., 1919-03-16
Maturity

The Federal Reserve Bank of New
York has put in force the following
schedule of rediscount rates which
apply to bankers acc eptances: Maturi-
ties up to Is days, 4 per cent; Is to
60 days, inclusive, 4A per cent; 61 to
80 days, inclusive. Az per cent.
Bank Clearings.-bank clearings yes
terday were:
Exchanges. Balances.
New York ...$675,5 5,5O5,53O $51,696, ,563
Baltimore e.. 12,957,81o 6,O94,717
Sub-Treasury. The ub-Treasury
gained $316,000 from the banks on
Friday.
Silver.-London, 47%d, unchanged;
New York, 101 5sc, unchanged; Mexican
dollars, 77hc, unchanged
Bank Acceptances.-Rate were un-
changed yesterday.
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent.per cent.Per cent
Eligible
banks ..4h@4 4A@4a 4h@4A
Eng1ble
non-men-
ber banks .4s@4 4h@4I4 4sa@4as
Ineligible
baax bills.sl4@41a 514@4Ia 5I4@4s4
For delivery within thirty days:
Per cent.
Eligible member banks. s........ 4ls
Eligible non-membpr banks. .... 4R
Ineligible bank bills .......... 6
London Money Market.-LONDON
March 15.-Closing rate for money
3A per cent. Discount rates are short
and 4b - ILL.
New-York tribune., 1919-03-16
a Good Word for
u. s. Consular .Seyrice

When Mr.. Vanderlip referred to the
proposed extension of the commercial
information service of the American
banks brief debate was provoked as
to whether it was proper for private
concerns to undertake such service or
whether it should be left open to the
government-e. e., to the consular SER
vice and the Bureau Of Foreign and
Domestic Commerce.
Some business men, who apparently
knew nothing of the development of
the American official trade information
service in the last decade" Mr.. Snow
writes, "deplored the fact that we had
an inferior consular service and De-
partment of Commerce, and paid the
usual tributes TO the mythical colossal
development of such services in Cor
many. OF course, as has been acknowl-
edged time and again, officially and I'M
officially, in England and elsewhere
abroad, and as is generally recognized
in tho United States by those who know
the facts, our consular and commerce
services compare very favorably with
those OF the other most advanced COM
mercial nations, although there is ad-
mittedly room for Improvement
"Our government services in the
matter of trade information found
ready supporters among the exporters
on board, who testified to their excel
lence and practical character, and the
conclusion of the discussion was that
in any event there was room for all
the trade information services that the
government and the banks and other
private or semi-public organizations
could give. There are lines of service
credit information, for example, which
the banks are in a better position to
give than government Offices, and it is
on such lines that the banks can prove
most helpful"
New-York tribune., 1919-03-16
Regular Declarations
Repercussions

There certainly never existed before
such a basis for American trade activity
and prosperity. y.-Boody, Mcclellan &c Co.
Cotton Is likely to approach the more
normal levels existing before the war
LGhsnan Brothers, .
New-York tribune., 1919-03-16
Finance : Economics
Copyright. 1919. New York Tribune 1nc

Copyright. 1919. New York Tribune Inc)
When a Wall Street man fares
forth to buy himself hat, his atti-
tude is the attitude Of any other
man. He looks upon the price of
hats as fact that faces him ex-
ternally, independent. of his own ac-
tion, and which imposes upon him
the conditions under which he must
make his selection. He. does not
stop to think that these prices are
themselves constituted by other peo-
pies acting precisely on the prin-
ciples on which he acts. 1t does not
occur to him that he is, in fact, by
his own action, contributing toward
the formation of those very market
prices which appear to be external
ly dictated to him. Because other
people are doing exactly what he is
doing, a phenomenon arises as the
result of the sum of their individu
al actions, which presents itself to
each one of them, severally, as a
alien system imposed from without.
New-York tribune., 1919-03-16

And the Wall Street man, though
he ought to know better, carries
his unsophisticated attitude into the
stock market. The trader is opti-
mistic. He buys stocks. He sees
price advance. That is not sur
prising. But prices advance again.
He begins to wonder. And again
they advance, and their advances
become violent, and million share
day follows million share day. And
the trader, thought he may be still
buying stocks, is genuinely puzzled.
What is the reason for the markets
action? The reason he personally
bought and the reason he thinks
the market originally advanced was
that he believed it had gone too far
downward in discounting the read
justment. Another person thinks
the market is advancing because of
a belated appreciation Of the huge
surpluses which industries have ac-
cumulated in the four war years.
A third asserts positively that it is
our unprecedented foreign trade,
present and to come. A fourth
thinks it our enormous crops. And
fifth says people are just buying
because the market had gone up.
And the five fall to arguing among
themselves, and lamenting each
others faulty and the economic ig-
norance which covers the earth.
And they may all be right. For, as
q fact, the total advance of stock
market never is the outcome Of any
one person. If thousand people
buy stocks the market may advance
for a thousand reasons. Each buy
er has his own complex of reasons
for buying Each PERSONS buying
influences stock prices. Yet some
commentators have the vanity to as
sert that hey know the real, the
true, the only reason why the mar
ket rises. Theirs is the path of
folly.
New-York tribune., 1919-03-16

Nominal. ~
Below il given the current exchange
value Of foreign money in dollars and
cents, together with tho intrinsic gold
parity, as calculated by the United
States Mint; 81
New-York tribune., 1919-03-16

tralia, who had been studying indus
trlal conditions in the United States.
was on his way to England to make a
similar investigations He described
Austpalia's experiments in labor mat
ters, and said that system had been
ilnaliy worked out to assure every wor-
thy citizen reasonable standard of
comfort. This fundamental idea of
giving labor definite and satisfactory
status had proven helpful during the
war, he said, and prevented industrial
strife from assuming serious proper
tions in the island continent.
The opinion was expressed by Oscar
Straus that in conducting our com
merce in exports we will have to meet
Keen foreign competitions He referred
to the material and the labor aspects
of the question, and said that to meet
competition by cutting down costs the
cutting must primarily be on the ma
terial side, and that rents, food prices
and other elements necessary to the
physical comfort of the laborers must
be brought lower before there should
be any cutting Of wages.
Financing Of Foreign
Trade Explained
At general session of the conven
tion on Sunday, February 2, Mr.. Van
derlip spoke at length on the financing
of our foreign trade, and on request
concerning the extension of the COM
mercial service departments of the
foreign branches and agencies of Ameri
can banks.
Mr.. Vanderlp drew a distinction be-
tween the banking services involved
in financing export shipments and the
broader question of the necessity of
American investments in foreign under
takings in order to provide the basic
credit for trade with industrial regions
that lack goods and gold to pay for
the exports which we may ship to them.
He pointed out that it is not bank
ing function to attempt to finance trade
in this sense-it is here that American
investors must come in and an Ameri-
can market Must be established for the
high grade securities of foreign enter
prises. He referred to the proposed
formation Of American investment COM
panics which should specialize in the
the purchase of such foreign securi-
ties and then issue their own securi-
ties against such foreign holdings for
sale to American investors.
New-York tribune., 1919-03-16

Before the market advances much
further very important interests
would like to know more about the
ways and means in which the gov
ernment will cooperate with indus
New-York tribune., 1919-03-16
Money and Credit

The New York Clearing Housc banks
Esa0rtsd N increase Of &l18.009. 900 in
New-York tribune., 1919-03-16

London Money Market.-LONDON,
March 15.-Closing rate for money
3hs per cent. Discount rates are short
and three months bills, 3 1872 per
cent; gold premiums at Lisbon, 1900.
New-York tribune., 1919-03-16

try in restoring general business TO
normal.--Chandler Brothers C Co.
Bonds should work higher.w-Andeyson.
BrHas q Co.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-08-16
Our AmaSing Day

Mary's been to Africa. She came
home and told US about it last night.
The jungle. the great, waving masses
OF chaotic bloom, the lion talking his
prey, the deep pools. sullen in the
brilliant sunlight, the herds OF wild
zebra, making the earth TO thunder
with their flying feet. the tiger
crouching in mis- ADMINISTRATIONS.
splendid. sinister.
ShadOwy trees hung with frasrant
bells Of blossoms. that poison with
deceitful sweetness the iansourous
air.
Painted serpents whiting through
The dark grasses; sluggish streams
alive with teeming lite.
Mud huts. anthills. gay parrots.
nischievous monkeys. the moon
dance. the dance Of death. the vii
laGe bride in skins OF feathers. the
tribal warrior With his nose ring and
his spear.
Elephant tusks slave drivers. ma
hogany. rosewood. thousand
strange and tropic things new 10 ev-
cry sense OF one born under the
northern sun.
Mary vas quite excited about it.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-08-16
AUGUST 10. 1919.
FROM WAR TO CITIZENSHIP.

In an article on The FHghbrow Doughboy' pub
Iished In the Red Cross MAGAZINE, William Allen
White tells some interesting facts about the khaki
university" The courses Of study covered every
thing from A. B. Cs to advanced college work.
The only compulsory part. however. was the teach
ing OF reading and writing 70 nliterates
In the divisional schools. where the boys were
taught in camp the work was in elementary and
high school branches. Reading and writing were
supplemented by primary handwork, drawing car
pentering and vocational instruction Of high school
grade other subjects land-surveying, road
making. teegraphy. wireless, telephone construc-
ton and operation. norse-shoeiug cooking nursing
baking. hygiene, motor construction and repairing
and the principles OF gas engines tailoring mathe-
MATES. history and many other things.
The A. f. f. university was an educational insti-
tuition that carried the work yet higher This
school vas established at Beaune France. Last
spring 5000 American students took credited col
lege work there.
Equipment for I'll these schools was good. sur
veying transit .4emical supplies medical supplies,
dental equipment, very carefully selected books,
engines many pieces of apparatus necessary to in
struction in chemistry engineering. aeronautcs,
etc, straight the schools from the army
supplies some of the excellent equipment those
boys were privileged to work with would have been
great boon to many a college and university in
this country. suffering from war time scarcity of
materials.
Through all the schools ran fine spirit of de-
mocracy. Ohicers and buck privates both were
sound in the many classes Both too found in
the teachers chair. for it democratic army to
begin with The doughboy is not "highbrow" but
ne has had opportunities recently for travel
and study The full value of this educational work
will come back the United States in the years TO
come when these soldier students have translated
their studies into intelligent and public spirited eiti
zenship.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-08-16
Other Editors Than Ours
MARKET PRICES
indianapolis Ncws.)

We at last getting facts TO market
prices. and they are exceedingly interesting one
lot OF apples bought from the producer at $3.50 a
bushel sold on the market yesterday at from
Sc to $3.50. a profit of from 100 to 200 per-
cent These actual transactions about which
there can be dispute. We doubt whether any
will say that the exaction of a 200 percent profit
is proteering. Although the retail prices OF
matoes said to be reasonable. tomatoes
recently sold consumers at a profit OF 300
percent. 1t is the with roasting There
has been a fall in prices but nevertheless some
stand holders have been demanding 40 and 40
a dozen for ears that cCSt only 20 and 20 cents
Here is enough to show an entire lack OF justi-
hcauon for the high scale OF prices that clearly
prevailed There is also the old complaint that no
provision is made at the market for farmers who
would be glad 10 retail to the public There too
many stands. and all the desirable in the
hands or retailers No room is left Tor the farmers
who do be wanted by those in control
OF the market. Here is chance for reform. and
such reform would have sautary effect
prices AS ii is. the FARMER does get enough for
his produce while the marketer pays far too much
There is no mystery as to where the enormous mar
Sin goes
Now that the campaign has been so auspciously
begun trust that it Will be contirsed, and that
il viii not end in mere talk. The pressure OF public
opinion. and the effective Intervention of Mr.
Wyckon federal food administrator. are be
credited with the relief thus far won. The stand
holders help il they will committee repre-
sentng them met yesterday. the call of Mr.
TaSSart president OF the board of public safety. TO
confer with Harry Lbeau, market master. and
Harry F. Barnard, state food administrator. Mr.
Taggart was right when he said that there
desire 20 keep the retailers on the market from
making a fair profit
city ought to take drastic action to the extent
Of seeing that the farmers have every opportunity
sell directly 10 the public In other words what
need and must have is a real market and not a
mere aggregation of retail merchants This is an old
demand, that has many times been made. II should
be fully complied with. The city has a grave
spohsbiity the matter. Thus far 1t has done
nothing 20 relieve the situation.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-08-16
zenship.

The Cedar Rapids Gazette tells of family
named Damn that came to Mahaska county, Iowa
four years ago. 1t is large family There father
anG mother Damn and L Damn children They
were conspicuous their arrival because of their
name and the strangeness Of their tongue and man
ners and their poverty. They had less than $50
start
But they started. They rented farm. and went
work.
The other day they bought that farm. 1t is big
one. about 400 acres II is great deal better in
every way than when they first rented It, They paid
100000 for IL.
So the rented farm. take it. is not necessar-
fy hopeless. tragic thing it has been represent
ed Perhaps a great deal less depends the rent
ed farm than on the renting farmers. These Hol-
landers seem 10 have set native landlords a Damn
good example.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-08-16

writer's, actors. gamblers, popular
preachers, great painters, the
worlds magic musicians-the elect
Of the earth-thats where they
gather.
But what Jim really liked on his
journey was the detective.
He was a marvellous fellow, that
detective He stuck through thick
and thin; no use trying TO shake him
off
And you'd never know it-not
from one minute TO the next.
First he was a bartender. and then
a tramp. and then a dope fiend-
whatever that is-and then a doc
tor and then a prosperous broker.
and then-that was the funniest of
all and the most astOnishing-a pO-
liceman, arresting everybody right
and left. oh, il was rich!
And in the end he found a missing
heir and got the reward and gave
it to the baby's mother, just as good
natured as you please. Jim was GER
tainly pleased with his trip.
l sat at home in the garden, shut
in from all the world by green
wall OF sweet growing things.
And l watched the silver beauty
OF the moon and marked the radi-
ance of the evening star and breath
ed, ah! deep and deep, the scent Of
the night blooming Jasmine and
listened with a grateful heart 10 the
whispering of the wind in the trees
and heard far away the children
calling 10 each other in their play,
and had for company z roly-poly
puppy all legs and ears, and warm
devoted heart and puzzled. eager.
Interested eyes-and when they all
came home / heard their tale and
was well content.
The Worlds Wonders.
What a world OF marvels we live
in. II I want 70 hear the greatest
singer in the world. all / do is 20
turn a lever. adjust a record. and the
room is flooded with the glory OF a
golden voice. And If I am restless
and would get away from the every
day surroundings OF everyday life. /
can buy a ticket at the little window
in front Of the movie theater and
step quite calmly and as "a matter OF
course into Africa or Italy or New
York OF the very heart OF the burn
ing desert itself.
And when ! have seen the won
ders OF the world and the glory OF
them, l can come home and have a
bite and chat. and go 10 bed in my
own room without the fatigue and
inconvenience OF travel.
How wise they ought 10 be, the
children OF this generation. And
how good and generous and SYM
pathetic, with all the world for a
school room and all the beauty and
the splendor and the wonder and
the mystery nf IL at their beck and
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-08-16
BY Winifred Black
Travelling at Home.

travelling at Home.
John went 10 Italy and he came
home and told US about that.
Ancient cities, romantic castles
strange monasteries. the groves OF
olives. oranges. the vineyards and
the old church browning a steep hill;
procession winding through the
narrow streets of an ancient village
Rome, Venice, Genoa--he was
very much enthused over IL.
Grandma and grandpa went out
west They saw a rOdeo--cowboys
in chaps. races, a fight with the
sheriff, the Overturning OF the stage
coach, the desert. the chaparral. and
In the end two lovers wed beneath
the desert moon.
They were delighted.
Jim went to New York Dear me
what wonders he saw there!
Fifth az. in all its regal splendor
Sixth av. and a jovial crowd Of dark
skinned promenaders; Washington
square with the arch.
Greenwich village, all thumb rings
and dangling earrings and bob-hair
and smocks, and Broadway the
magic of that nams. Statesman.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-08-16
BRAKES vs.. MOTIVE POWER.

George II. Johnson. professor of history in Case
School OF Applied Science makes interesting
comparison between trakes and motive power in
public affairs with special reference to the peace
treaty
He recalls that samuel Adams OF Massachusetts
Patrick Virginia protested asainst the
adoption Of the United states constitution fearing
that if would zubvert the liberties Of the several
states
To-day says Prof Johnson. many of our SEN
ators repeat the same argument i'm protest against
the League OF Nations. They useful they pre-
rash proposals but they apt 10 forget that
while a ear requires brakes. it depends use
fulness upon its power 10 move"
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-08-16
TALK OF THE TOWN
Free Cars Sunday at 2;lO

TO show the biggest success in south
Bend
Plat Of 80 lots sold out in two
Sundays
In order 10 supply the demand.
the owners have consented 20 grade
another street % sixty new lots for
next Sunday and every one beauty.
one Is yours for one Dollar down.
then only soc and 75c a week
Prices S119. S129. SI4s 70 3135.
except corners; positively the big
gest bargains around South Bend
today.
Two big free cars viii leave North
ern Indiana iuterurban station. cor
ner Washington avenue and Michi-
gan street al z:IO Sunday.
Cars will carry banners and stop
for passengers along Washington
avenue.
Follow the crowd. Come and
brikg your friends. Adv.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-08-16
OUR LITTLE DAILY NOVELETTE,.

ONAN III - LIZ DlAb1 NV LIE Il H.
1t was a little town in western
Pennsylvania, the size of town in
which the postmaster grocer under
taker reads all the postal cards be-
fore they are handed out Some OF
the younger blades of the village had
organized an athletic club at which
they could vile away the long eve
ming playing draw poker. 1t was in
the days when men played cards for
stakes and people thought no more
OF 1t than South Bend folks now
think OF seeing new Studebaker
on Michigan ST. 1t was long before
the modern era in 'shich lawn ten
mis- is viewed with suspicion, and
dominos are played with a lynxed
eyed guard on each door.
The characters in our story are "a
young doctor. a carpenter and a no
account OF the town, who had the
reputation OF making. his livelihood
from gambling. The athletic club
included in it's mem bership the
young doctor and the carpenter and
once in awhile the no-account drop
ped in 10 look on for awhile. The
club prospeisd and held busy. long
drawn out sessions throughout the
winter. In fact IL prospered and
was a popular place for many win
tiers.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-08-16
More Truth Than Poetry
By James ]. Montague
THE OLD ALIBI.

I am where am today because was lied to-
n. HohenzoileSn.
When nd-Story Joe made bold
TO burglarize a grocery store.
And Bill the porter caught him cold
And knocked him senseless to the floor,
He in court next day and wePt,
never would be here. said he,
On such awful charge, except
A certain party lied to me.
a pal o mine. Judge on the dead,
Is who should be arrested for
This crime they lay to me; he said
There wasn't one in that storeT
When Sure-Thing Harry sold lot
Of bogus stocks in bogus mines,
He astonished when he got
Assorted prison terms and fines
This is an outrage" he exclaimed.
! made slip. | won't deny,
But really should not be blamed.
| was the victim OF lie.
A shady broker in the Street
Said: Do not mind the law one bit.
Just bunk EN-, and if you're discreet.
Your sure to get away with it.
When Dog-Faced Donovan came to
Upon the avenue at dawn
With both his eyes rich dark blue
And seven Of his molars gone,
He said: Chez whizz. dat was some FIX;
got it worse than Willard, seeP
But d not be in this here FIX
Except Teller lied to me.
d took no chances the scrap
That was walloped in last night.
But some strange geezer said the chap
That Id nsulted wouldn't fghtI"
Copyright, 1910.