davidaulloa/AmericanStories huggingface dataset:
Newark post., 1919-10-08
Uncle Sam Practices Econ
omy in Stamp Saving

Uncle Sam is again practicing
economy in connection with his postal
stationery, and his thrift means more
new varieties for collectors" writes
the stamp writer, Kent B. Stiles. in
the October Boys Life.
when the wartime rate of three
cents for an ordinary letter was re-
duced to two cents on July 1, there
were in postoffices throughout the
country excess stocks of the three
cent envelopes. The Postmaster Cen
eral has sent notice to all postal SUBJ
agencies authorizing the imprinting
of the inscription g cents in red on
each envelope just below the circular
die. lnasmuch as this imprinting is
not being done at the Bureau of En-
craving and Printing at Washington,
but at sub-agencies Independently,
there is prospect of many varieties of
type becoming available to collectors,
and it is not unlikely that such errors
as inverts, broken and missing and
misplaced letters, ETC., will appear.
"The cost of an ordinary postal card
was lowered to the normal one cent,
and the sub-agencies have been au-
thorized to surcharge 4 c. across the
circular die on each card, although
this situation is of less interest, as
philatelists do not collect postal cards.
"'Of course, the imprinted enve-
lopes and overprinted cards sell to the
public at the new prices, two and one
cents, respectively
Newark post., 1919-10-08
The Poor Professor
Has Been Overlooked

vi all the oppressed peoples for
which we have been "driven" and tag
ged, one of the most neglected has
been the college professor. That this
deserving tribe has been overlooked
can only be ascribed to the fact that
our glasses have been focused for long
distances and the habitat of this spec
les is close at home. The hand of the
high cost of living has been heavy
upon it, but it has struggled manfully
to do its part in the training of men
who should be our leaders in the world
crisis, and it is only when that crisis
is past and the work Of reconstruction
begun that it is beginning to get it's
share of recognition.
Now, however, there is to be an Or
ganlzed effort to bring home to col
lege graduates and to the public at
large the fact that the world cannot
be made safe for democracy unless
adequate provision is made for those
who train the youth of our land N
democratic ideals. Despite the un-
doubted patriotism and loyalty of the
teaching staff of our colleges, it would
be particularly unfortunate if there
should be allowed long to continue
among them a righteous grievance
against existing social conditions. The
reflex from such a situation might be
unconscious, but would be none the
less real.
Harvard University has taken the
lead with an endeavor to raise an en-
dowment fund now placed at S15,000,-
900. Some of the more pressing need
of the university are to be met from
the income, but the mayor part of the
endowment is to be used in the read
justment of salaries, fixed a genera
tion ago, whose purchasing power has
been cut and cut again by the ever
increasing standard of prrces.--Wash-
ington Post.
Newark post., 1919-10-08
American Patriotic
Society Honors Governor

Last week Governor Townsend re-
ceived a handsomely engraved certi-
ficate enrolling him as life member
of the American Patriotic Society of
New York.
The following is the inscription on
the certificate
Hon. John G. Townsend, Jr., of Del
aware, has by inalienab1e right of the
following, participated in the history
making World War against German
autocracy, thus upholding the tradi-
tions and honor of our country and the
unsu.lied glory of the American flag.
l. By staunchly supporting our
President and the Government of the
United States in r1akmg the world
safe for democracy.
z. lBy materially contributing in
various ways and patriotically COM
plying with necessary wartime mea-
sures.
3. By heroically bearing a share of
the burdens imposed by this war and
attendant sacrifices.
Newark post., 1919-10-08
Jury List For Superior
Court and Court of
General Sessions

Jury Commissioners David C. Rose
and Robert D. Kemp have drawn the
following jurors to sit at the Court of
General Sessions and Superior Court
commencing October 10!
First Representative District-John
H. Klund, Charles E. Trice, William
F. Hayes and Hugh Duffy.
Secondly ohm w. Monett, William
J. Fisher, Raymond L. Plumley and
Lewis Sasse.
Third-George Kitchens, Edward
McGinness, Andrew L. Johnson ana
James w. Robertson.
Fourth-Hiram Yerger, Herbert E.
Brown, William Todd and George w.
Denney.
Fifth-William H. Jones, William
A. Croney, William J. Kirk, and John
J. Moran.
Sixth-Dayton E. Pierson and Will
liam Cloud.
Seventh-Frank V. Finn and Paul
Woodward.
Eighth-Thomas H. Hewitt and
Isaac Mackinson.
Ninth-James Kelvington and Isaac
Neall.
Tenth-Walter Currinder and Geo
Brown.
Eleventh - Harry Eastburn and
Charles S. Bigger.
Twelfth Sylvester Downs and
Philip E. Simmons.
Thirteenth-CarlM M. Lynch and Cor
bert Vinyard.
Fourteenth-Joh Hammond and
John P. Collins.
William Warren and
George Conway.
Newark post., 1919-10-08
Use Straw For Winter
Roughage

Straw is too valuable to be allowed
to remain unused. Fresh oat straw
as well as wheat straw, can be used
as a roughage in wintering stock. 1t
is also advisable to use it literally as
bedding for farm animals as it adds
to their comfort and absorbs the liq-
uid part of the manure, which is the
most valuable portion.
Newark post., 1919-10-08
FOR SALE
TWO MODERN DWELLINGS

on Delaware Ave, Newark
No. 1---Seven rooms with baht,
steam heated, slate roof. Lot 20
by 200. This house is better
built than the average.
No. 2---SiX rooms and bath, hot
air furnace. Lot As by 200, also
lot III rear so by 200.
These properties should not be over
looked by any person looking for coni-
Portable home.
Farmers Trust Company
Newark, Del.
Newark post., 1919-10-08

Socialism is a dream. Bolshe-
vism is a nightmare. To have hell
on earth put the two together and
stir well.-TOledO Blade.
New-York tribune., 1919-01-24
New British War Bonds
Will Not Be Convertible

Details of the new issue of British
national war bonds to be offered for
subscription in Great Britain begin
ming February | were given out yes
terday by Sir Hardman Lever, repre-
sentative, of the British Treasury in
this country. The new issue will con-
sist of per cent bonds. subject to
British income tax, running for five
and ten years, and 4 per cent bonds,
on which the income tax will be com
pounded. running for ten years.
The new bonds will not carry any
rights of conversion into past or future
war loans, and the issue of seven-year
bonds will be discontinued.
The issue price of the new 5s will
be par and that Of the 4s 10Ils. The
five-year 5s will be redeemed at 1o2
and the ten-year IS at los. The per
cent bonds will be redeemed at par
Previous British war issues which have
the right of conversion into future long
date bonds issued for the purposes of
the present war will be convertible
into the ten-year bonds of this issue.
The bonds will not be offered here.
New-York tribune., 1919-01-24
A. b. Hepburn Elected
Director of T. II. Bank
Succeeds ]. =. Morgan as
Member of Advisory
Council

A. Barton Hepburn, chairman of the
advisory board of the Chase National
Bank. was yesterday elected by the
board of directors Of the Federal Re
serve Bank of New York to represent
this district on the Federal Advisory
Council for the year, succeeding j. P
Morgan, who has represented the dis
trict on the council for the past four
years.
A statement issued at the local re-
serve bank said that Sin accordance
with an informal agreement between
the directors of substantially all the
Federal Reserve banks whereby the
principle of rotation in membership on
the Federal Advisory Council was
agreed upon and a programme of rota-
ton was informally adopted, 1919 ?was
fixed as the year in which the Federal
Reserve Bank of New York and certain
other Federal reserve banks should
change their membership in the Fed
eral Advisory Council"
New-York tribune., 1919-01-24
Liberty Bond Market
Supported by Treasury
Use of Purchasing Fund to
Stabilize Prices Officially
Admitted

WASHINGTON. Jan. 23.-The Treas
ury is continuing to use its Liberty
bond purchasing fund but is not buying
bonds on the market "in any great
quantities. it was said to- day after
a conference between Secretary Glass
and Eugene Meyer, jr., who, as director
OF the War Finance Corporation, super
vlses the purchases for the Treasury.
BY buying up even small proper
tion of the bonds thrown on the
market, however. the Treasury hopes to
keep the market price nearer par. To
the extent that these purchases are
made the net amount received by the
government from the loans is de-
creased.
1t is not understood that current
purchases are limited to Third and
Fourth Liberty bonds. The annual
limit OF government purchases for the
Third bonds is S20S. 900. and for
the Fourth bonds S350,0000 900.
when the market was dcluged with n
flood of selling orders in Liberty Loan
bonds Wall Street heard reports that
the Treasury Department was using its
fund to stabilize prices, but this was
never confirmed. 1t was reported in
this connection that the buying orders
were sufficiently large to absorb good
part of the offerings, and the recovery
that took place was attributed in many
quarters to the government purchases.
On the December decline the Fourth
Liberty Loan 114s. the issue foated in
October. broke to 81. They have since
sold we'll above 95 and are at present
quoted in the market around 9i12.
New-York tribune., 1919-01-24
Other Cities

Railroad Restrictions Lifted.
WASHINGTON, Jan. 23.-Issuance of
general import license permitting in
transit shipment through the United
States of unrestricted comm odties dcs
tined for foreign ports and shipped
from abroad was announced to-day by
the War Trade Board. The board in a
statement said that with wartime CON
gestion on the railroads relieved strict
regulation of in-transit shipments was
no longer necessary. The War Trade
Board to-day gave notice that rice had
again been added to the list of re-
stricted imports.
New-York tribune., 1919-01-24
Nj a X ets-Inv stm ents

600. Included in these untitled orders
is large amount of shipbuilding work
Tor both the Navy Department and the
Emergency Fleet Corporation. While
the returns on shipbuilding contracts
are but a small percentage of the
cost, the large volume of this business
should insure substantial aggregate
earnings for the coming year and af-
ford an element OF stability to the
operations of the corporation indepen-
dent of the business conditions in the
general steel trade"
Country Must Take Stock
Concerning conditions in the steel
trade generally, Mr.. Grace expects no
large buying movement in the imme-
diate future.
he whole country" he said "must
stop and take account of stock, so to
speak, and start anew putting our
whole economic structure on a nor
NAL peace-time basis. We should then
see again a period of unusual pros
perity. supported by an era of con-
struction."
The financial condition of the Beth
lehem Steel Corporation is good, Mr.
Grace stated. Funds for plant i'm
provemcnts were provided by notes is
sued asst summer, which also will
care for obligations maturing Feb
ruary |. The full years dividends on
poth classes OF preferred stock were
declared ahead and are payable April
oo1 July /, October and January ?.
NV TO holders of record March 12.
June 16, September Is and December
10. The common dividends declared
yesterday are payable April to share
holders of record March 12.
Inc late George R. Sheldon. who was
a director of the Bethlehem Steel Cor
poratlon since its organization in 1905.
was memorialized at yesterdays ses
sion of the board.
New-York tribune., 1919-01-24

The National Association of
Clothlers, assembled in this city,
went on record as entering a pro-
test against published stories in
some newspapers to the effect that
lower prices will rule in that trade
next fall and winter The assccia-
ton expressed its belief that prices
for next spring and also for next
fall will be higher than at present,
and certainly will not be lower. In
this expression committee from
the retailers association Joined.
Clothing manufacturers, like MANY
others, have found that costs of
production have been steadily creep
ing up and are able to see at the
present time no clear prospect of a
marked reduction. The dress and
waist strike, now on in this city. is
fairly clear indication that the
unions generally will resist any
effort to reduce wages. Their de-
mands are in the other direction.
New-York tribune., 1919-01-24
Relevant Comment
Lull in New Financing

Investment bankers declared vcstcr-
day that no important new corporation
financing could be expected between
now and the new government war loan
IN view of the present condition Of the
market. 1t was asserted that good
share of the new securities sold re-
Gently has not been distributed. and
that until the digestion process has
been completed now isues will not be
readily absorbed. In one or two in
stances, it was said, corporations have
been compelled to postpone contcm-
plated borrowing until conditions IN the
market arc moro favorable.
New-York tribune., 1919-01-24
Cities Service COMPANY

The report of the Cities Service
Company for the twelve months ended
December 81. dscloses gross earnings
amounting to 500 ,2S0, ,067, which com
pares with $19,252,d9 for the preced-
ing year After expenses of Sb214s6.
net earnings were $21 1885, ,582 compared
with $ls,895.264 for the year before.
Interest on dobentures totalled S272.-
579. Dividends paid on the preferred
stock during the year amounted to
S4,O34274 against S3,712.6o5 for the
previous year. Net. to common stock
and reserves was $ls451,72s
New-York tribune., 1919-01-24
Exchange Sold Against French Notes

Local banks have lately been buying
up substantial amounts of the notes of
the French government of the two year
51s per cent secured convertible loan
of 1917 maturing on April l next and
forwarding them to Paris for collection
on maturity. The issue amounts to
S1oO, 100000, and is payable either in
United States gold coin here or at the
option of the holder in Paris in francs
at the fixed exchange rate of 5.75
francs to the dollar. The notes arc
selling at the Stock Exchange at 101 "a
compared with an original issue price
C 90 and interest. The banks on buy
ing the notes have been selling against
them exchange on Paris at close to
the current rate, which is around 5.46
for delivery after April |. On that
date they will receive from the French
government 5.75 francs to the dollar on
the bonds turned in, which will enable
them to make delivery on the exchange
previously sold at a much higher fig
ure. it is stated that an effort is be
ing made to nave as many of the notes
shipped to Paris before April | as
possible. as the marine insurance COM
ranies will undo crwritc the risk on only
certain amount of securities for a
single boat
New-York tribune., 1919-01-24
w q ealth.
Finance Economics
FINANCIAL BUREAU
Tribune Building,
t54 Nassau Street

1t sometimes happens that in
voicing suspicion Of the acts Of
others a writer exposes the sub
conscious workings of his own mind.
The financial editor of Hearst's
american, in attempting little
Bolshevik propaganda on his own
account, furnishes the example. He
attacks the Money Committee. The
committee, he insinuates, is an
agency by which the rich men de-
prive the American citizen of his
inalienable right to speculate in
stocks when, how and where he
chooses, order that they-thc rlcn
men-may get all the bargains for
themselves. The charge is as alb
surd as the article is unintelligent.
The committee needs no defence-in
personnel and otherwise it is above
reproach-but perhaps it is just as
we'll to call attention to the fact that
it was established and continued in
operation at the command of the
Federal Reserve Board and the
Treasurer of the United States for
the purpose of conserving credit so
that success Of the Liberty loans
might be assured. Perhaps that Is
the reason why the committee is
attacked
New-York tribune., 1919-01-24
Treasury Puts Out New
Issue Of Certificates

The Federal Reserve Bank Of New
York. yesterday announced a new issue
Of $4O9.oo0,000 4 u per cent United
States Treasury certificates of indcbt-
edness in anticipation of the fifth gov
ernmcnt war loan, to be dated January
so, aud to mature July | next The
new issue will be known as Series L.
A statement made by the Treasury De-
partment calls attention 20 The fact
the figure of $4O0,000,0OO is a minimum,
and the hope is expressed that q sub
stantial oversubscrption may he OBJ
talrcd, as the expenses of the govern
mcnt in connection with the cxpedi-
tlonary forces, the demobiization and
adjustment of contracts arc Just now
running at an exceedingly high level
Subscript,ons tic vii be received from
january 30 TO February s, inclusiYc
New-York tribune., 1919-01-24

tcrday. Most of tn ebusincss was done
CIR discount basis Of to SIX per cent
Bank Acceptances.-Ratc were un-
changed as follows yesterday:
Thirty Sixty Ninety
Spot de- days. days. days.
livery: Per cent.Pcr cent. Per cent.
L ligi bl c
member
banks 4h@1 4A@4hs 4fs@4M
L gi b ! e
non-mem-
Der banKs.4A@41s 4as@4M 47a@4ls
Ineligible
bank bills.51a@5 5!a@5 5h@5
For delivery within thirty days:
Per cent.
Eligible member banks. ........ Ais
Eligible non-member banks. ..... Az
Ineligible bank bills. 6
Discount Rates.-The following table
gives the current rates of the twelve
Federal Reserve banks on commercial
paper for all periods up to ninety days.
New-York tribune., 1919-01-24
Russian Bonds Up

The two issues of external bonds of
the old Imperial Russian government
were stronger on the curb yesterday
following the announcement from Paris
that the Allied supreme war council
would recognize the Russian revolu-
ton. The 612s, of which $5O,O0OO
falls due June 10 sold as high as 61
and closed at 601a, compared with
Wednesdays last sale at SO. The $25.-
100000 5 Us advanced from 55 to 81,
where they closed. This issue does not
New-York tribune., 1919-01-24
Securities To Be Dcmobil;zcd

The French government notes are
convertible at par into twcnty-year
5 Y per cent bonds of the French gov
crnmcnt, but few conversions have
been made to date. The maturity Of
the issue on April will release ap-
proximately sl2O,OO0,OO0 in foreign Sc
curties which has been used for col
lateral back of the loan. These sccuri-
ties, mobilized by the French govern
ment, consist of stocks and bonds Of
American and Canadian companies and
obligations of the governments of
Argentina, Uruguay, Brazil, Switzer-
land, Holland, Spain, Egypt, Province
of Quebec. Denmark, Norway and
Sweden; also shares of Spanish railway
companies and Of the Suez Canal Com
pany 1t is expected that these securi-
ties will be demoblzed by the French
government after the loan has matured
and will be returned to their owners
in France, from whom they were bor-
rowed.
New-York tribune., 1919-01-24

1t is clear that any great lower
ing of costs Of production must
involve either a great increase in
labor efficiency or a lowering of
wages. The latter in turn hangs
largely upon the cost of living, in
which the largest item is food. The
head of the most successful farming
enterprise in this country, c. F.
Seabrook, says that farm costs of
production this year will be, if any,
thing, higher than last year, unless
there is very, great lowering in
farm wages. There is already a
marked increase in labor efficiency.
Other employers of labor testify to
this. 1t seems generally agreed that
there will be little attempt to lower
wages, except those which are on
sliding scale contracts, until clear
necessity arises. In other words,
unless there is something akin to a
commercial panic, a general lower
ing of food prices will probably be
gradual. 1t is difficult to think that
any amount of calamity talk can
really affect country with banking
and financial conditions as sound,
and where prosperity has been as
widespread, as in the United States
in the last three years.
New-York tribune., 1919-01-24

The above rates express the cost of
foreign money in terms of the Amer
lean dollar. You buy an English pound
sterling, say, at s4.7580. The intrinsic
parity is si.865s per pound. Thus you
say either that pounds arc at a dis
count or that dollars arc at premium,
which is owing to the fact that in Eng
land the demand for dollars with which
to settle accounts in this country is
greater than the demand in this coun
try for pounds with which to settle
accounts in England.
New-York tribune., 1919-01-24
New York

Bankers to Meet at New Orleans
The members of the Reserve City
Bankers Association at an executive
session held yesterday selected New
Orleans as the city for the next an
nual convention, which will be held
from April 80 to May 2.
There was a general discussion of
the problems affecting all city banks
IN the reserve cities at yesterdays
meeting, which was presided over by
Thomas McAdams, of the Merchants
National Bank of New York, president
of the association.
American Bosch Magnetic Stock
Subscription Books Closed-Hornblow-
er & Weeks. managers of the syndi-
cate which offered this week the un-
sold portion of an issue of 10000
shares of the new American Bosch
Magnetic Company, announced last
night that the subscription books had
been closed, the entire issue having
been sold. Steps will soon be taken
to have the stock listed on the Stock
Exchange.
Stock Exchange Seats Unchanged
-Four memberships on the Stock Ex-
change brought $68,O00 each yesterday,
the same price recorded last week. The
buyers were Bancroft Smith, Benjamin
f: Schwartz, George F. Naphen. Don
aid Y. Hill. John F. McCann, J. Dudley
Peterson, Harold W. Carhart and
Charles Y. Benton were elected mem
bers of the exchange.
New-York tribune., 1919-01-24
News Digest
Foreign

Paris Bourse.-PARIS, Jan 23.-
Prices on the Bourse were active to-
day. Three per cent rentes were quoted
at 63 francs 25 centimes for cash; ex-
change on London 25 francs 9S CEN
times; five per cent loan SO francs 20
ccntlmes.
New-York tribune., 1919-01-24
Britain Allows Imports of Coins

A British order in council modifies
the previous order prohibiting the i'm
portation Of foreign coins and author
res for the present the importation Of
goid and silver coins, Consul General
Simmer, at London, reports
New-York tribune., 1919-01-24
The Dollar in Foreign Exchange

Exchange rates moved narrowly in
the local market yesterday on light
trading. Swiss francs were sshadc
easier on increased offerings.
Closing rates yesterday, compared
with week ago, follow:
Quoted dollars to the pound.)
New-York tribune., 1919-01-24

London Money Market LONDON,
Jan. 23.-Money ruled at 8 per cent
to-day. Short and three months bills
we're discounted on basis of 3 1882
per cent. Gold premiums on Lisbon
we're quoted at 67.00.
New-York tribune., 1919-01-24
Money and Credit

Offerings of call money were fairly
liberal at the Stock Exchange yestcr-
Gay, where ruling rates were maintained
at 3 to 5h per cent. Supplies were re :
duced somewhat by withdrawals from
the banks for the account of the Treas
ury Department.
In the market for fixed date funds
the demand was comparatively light
and rates were unchanged.
Ruling rates for money yesterday,
compared with year ago. were as
follows:
Yesterday. Year ago.
Per cent. Per cent.
Call NANNY
New-York tribune., 1919-01-24

The Federal Reserve Bank of New
York has put. in force the following
schedule of rediscount rates which
TURTLES up to Is days, A per cent; 16 to
60 days, inclusive, AZ per cent; G1 20
so days, inclusive, Az per cent.
New-York tribune., 1919-01-24

Nominal.
Below is given the current exchange
value of foreign money in dollars and
cents, together with the intrinsic gold
parity, as calculated by the United
States Mint: