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About Albany daily democrat. (Albany, Or.) 1888-192? | View Entire Issue (Jan. 4, 1916)
ALBANY DAILY DEMOCRAT. TUESDAY, JANUARY 4, IBIS PACK TWO Daily Democrat F. P. NUTTING Lessee. Entered t fhe poitoffice at Albany, Utt)o., ir scegna-cias whct. Published every evening except Sun day. Semi-weekly published Tues day and Friday. HUSINESS MATTER SUBSCRIPTION RATES .'-'Daily Delivered by carrier, $4.00 per yeas in advance,, otberwiie 40c per mAnth. Uj jail, at end of year - 3-50 Kv mail in advance, per year 3.00 Semi-Weekly At end of year -J1.50 WJ)tn paid inadvancc, oneyr. 1S CLASSIFIED RATES tc per word for first publication; Jic per word, tnereaiier, payasic in vance. Minimum cnargc oi jc In ordering changes of address, sub ' scrsbcrs should always give old as A-ftl anew address. BstabUshed in 1865. TUESDAY, JANUARY 4. 1916 FINANCIAL REVIEW. By J. W. T. Maaon. Written for the United Press. New York, Jan. 4. At the close of 1915 the war has cost more than 26 billion dollars, exceeding by five mil lion the total national debts of the six principal belligerent powers when the conflict began. With the excep tion of about five million raised in the United Kingdom by taxation, practic ally all the expenses of the war have been met by borrowed money. The end of 1915 therefore, finds the fight ing nations saddled with double the debt they had accumulated in all the centuries preceding the outbreak ol the war. In the early days of the war the most liberal estimate of its cost, in cluding the destruction of property and economic losses caused by cas ualties, was 50 million dollars per day. The actual expense now, exclusive of economic and property losses, is 8s millions per day. Of this amount the Quadruple Entente is paying two thirds and the Teutonic Allies one third. If the war, continues through the winter the cost will probably rise to a hundred million per day. The interest for war loans which the war has already imposed on Europe's fu ture generations is about a billion, two hundred million per year. Every week the war lasts fixes an additional an nual interest burden on the belliger ents of 25 million. Colossal taxation will have to be im oosed on the soldiers when they ro- turn home after peace is declared. The belligerents will be bowed beneath the burdens of the war debts. During the year. Various British statesmen uttered warnings concern ing the financial outlook. . And the possibility of bankruptcy overtaking Europe has several times been men tioned in the House of Lords. AU the belligerent governments have be come uneasy about the monetary out look, but the system of running the war on borrowed money has prevent ed the people themselves from feeling the financial pinch, except in Great Britain. The British government now- raising about 500 million per year for war costs by direct taxation but no other nation has as yet serious ly increased its peace -taxes. The British tax, large as it is, does no more than meet the interest on the government's war borrowings. The war has compelled the rapid expenditure of such unprecedented sums of money that it's difficult to believe the warring governments will continue the strain for another year unless one side or the other sees the possibility of a complete victory. N decisive success for anybody is now in sight , France is leading the other nations in taking preliminary steps to recover from the financial blight of the war. The northern area of France now in the enemy's possession is one of Eu rope's most important manufacturing centers. The factories will have tc be rebuilt and new machinery must be installed, after peace is declared. French commission is now in the ' United States studying American la bor-saving : devices and American methods of production. , Prosperity is written in letters of gold across -this country's financial . record in 1915. Uncle Sam has almost half a billion dollars more of foreign gold than he had a year ago. Amer ican merchants have sold more good6 abroad than ever before. The great est external loan in history, the Anglo French loan, was floated in 1915. - The market value of American securities appreciated something like two bil lion dollars in the 12 months. Na tional banks have bigger deposits and larger reserves than at any time since this country was founded. A wave of ' speculation swept the country and permitted the New York Stock Ex change to close 1915 with a boom as explosively bright ss. the year's be ginning was dull. Unsmirched by the failure of a single member, the 1915 record of the New York Exchange is crowded with stories of newly made millionaires and sprinkled with 50-million-share trading days, . More than 160,000,000 shares of stocks were traded in during the.year, representing an aggregate value of more than 14 billion dollars; and nearly .900 millions worth of bonds. In 1914, only 48,031,833 shares chang- d hands, representing less than four billion dollars; and the bond business was only $40,438,600. The war caus ed the stock exchange to close four months in 1914, which partly explains the comparatively small business. From the dark, uncertain days of early January, 1915, with minimum prices and other war restrictions, bus iness in the world s biggest stock mar ket gradually developed until million share trading days became almost common. The war babies and war bride stocks of companies manufacturing war sup lilies for the belligerent countries fur nished more spectacular fireworks in 1915 than Wall Street had witnessed since 1901, when J. J. Hill and E. H. Harriman sent the market into con vulsions by their fight to buy control -A the Northern Pacific railroad in he ooen market " Bethlehem Steel s inriraled jump from 52 to $600 a ihare, closely trailed by General Mo or's advance from 086 to $540 and j. 5. Steel's rise of 31 points are a few if the high spots in the year's boom market Fifteen stocks, including motor. electric, steel and equipment and in- Justrial securities, appreciated just 5570,665,628 in the year. The aggre gate appreciation of all stocks and bonds on the New York exchange is iear $2,000,000,000. U. S. Steel in creased a hundred and fifty-five mil- ion in value and Bethlehem Steel about $85,000,000. The steel corpor- ition -Tsas more than five million .hares of common stock issued while Bethlehem has less than 150,000 shar es outstanding. General motors com mon increased $75,000,000 in value; General electric, $36,534,000; Anacon da Copper, $69,937,500; Studebaker, $36390396; Willys-Overland, $32,800,. 300; American Can $14,960,000, and Crucible steel, $14747,000. What the war orders received by these automobile and equipment com paaies total never has been disclosed, but they run high into the hundreds if millions. A company whose stock is selling on the New York curb mar ket. Submarine Boat, received over $125,000,000 of European war orders. What the figures are for orders plac ed with Bethlehem Steel, Westing- house, Crucible Steel and the Steel orporation can only be conjectured. In proportion to its size and import ance the New York curb had one of its best years. War stocks in the out tide market gave half a dozen curb traders profit enough to purchase eats on the Big Board the Ex change. ' The price of a seat on the Big Board has practically doubled in the last year. Early in April the price for a membership on the. Exchange was $38,000. In December a seat sold for $72,000. One of the most important events in the financial history of 1915 was the great Anglo-French half-billion dollar loan. In the middle of the year a commission of English and French financiers headed by Lord Reading, Lord Chief Justice of England, came to this country to raise war funds. committee of prominent American bankers was formed, dominated by J. P. Morgan tt Co fiscal agents for the allies in the United States, an after many conferences the amount and terms of the big war loan, were fixed. It was for $500,000,000 with interest at five per cent a year, be sold to the public at. 98, which jave almost' six per cent of a return to the investor. After the details were arranged, a syndicate of Amer ican bankers was formed - which agreed to hold its bonds from the pub lic market for 60 days. On Dec. 15, this syndicate expired and the bonds, having been publicly listed on the New York exchange, were publicly traded in. They went as low as 94 1-8, but were bought as their low price meant even a higher interest than six per cent Less than $200, 000,000 of the half-billion loan was put oh the open market bankers and bond houses which were members of the syndicate withdrawing over $300, 000,000 of the entire issue. . Financiers who have watched the remarkable course of events in the last year, predict Mat ivio win see even greater expansion in both the finan cial and industrial life of this country. READ OUR WANT ADS The Albany Bakery Wt Deliver to Any , Part of the City v-r;- 115-119 E. 3tr) Street lletl .1601 Partv R Home 419 H. FIRCHAU CO. ! MISFITS One sub. thing after another. These torpedoes keep one guesting what'll be next These threatened breaches come as fast as rain in December. Nineteen dry states and ten more than 19 tq hear from. One thing decidedly wet in Oregon has been the snow. A Cleveland man is named Fudge. Ought to be popular with the Rirls. Uncle Sam is a mighty busy man these days dodging threatening situa tions. Another record broken in S. F.: biggest storm for 27 years. The average young man these days is kept busy dodging temptation. If yon have paid your last Christmas bills it is time to begin saving for next Xmas. , There is no end to some things in this world, things going in a circle like a lost man in the woods. The outlook is for a lot of broken China. One thing California is sensitive about is weather. By the way a Califorman never should kick at an Oregon criticism after the manner they have rubbed it into our weather for years. - Providence, R. -I., may not mean what the name signifies when it comes to football. " The West isn't afraid of anyone in the world in a battle of f. b. A fool there was and he took a swim at Baker on Jan. 1. One thing about our weather, it is generally the tail end of something fierce back East or South. Pantomime Performances. . altwt . imntumiiiie t-utinic-lers were ururiualiy Imhtowfu mm tmv Italians. The drat rem KdkIIkIi puututniiue was prndix-ed til a llieuler lu l.niitiln's Inn Field In 17-U It sn .-ailed -lliirle quln Exwuted." anil Ita aulitltle whs 'A New iliiin t'umir Si-etic Between a rVamiuoui-lie. n Hnrleqiitn. n Cuuu try Farmer. Ilia Wire mid OtUi-rx " The perfnrujiiure "itv erv mjrrwwfnl AbM the middle or 1 lit- eighteenth -enturr the character of iinutonilme performnni-e was completely uttered, chiefly becaiw ot rhe iienius f the famoiia (jiimnldl. who mndp the clown i he firm Spurt In the pantomime. Orl raaldl firm npiK-nrwt ni Sadler Well theater, where lie plnyed it mrt of inunkey He wtia oi lively cni-'acert on roe atas for forty-nine yearn Odor of Iodoform. .. It l okl Unit thp udur nt Iodoform can tie rpniorcd from the hnud and utensils hy uitixliml. While the mind are wet trootMtcn tbem with colli wn ten place a snuill quantity of dry uiu. tard powder In I he mlm and rnli It well over the hnud iind then wnh off with amp and water For ntrnll the mustard must be made like a nite and allowed to remain spread on them for several Dour . The NMdless Needle. "Now. ma." sum the young man wbo was arrowing nu rndtiux moiliei the wonderful Might of the city, 'would yon like to go into rhe park and we Cleopatra' Needle'" . I didn't know that bnmty ever used a needle. 8ne didn't spend much time newlng. from the scanty wardrobe she bad In all the picture or tier that I ever saw Jodce Systam All Right "I used to tnlnk I would know Jusi now to manage my wife when I got tier" "Has yonr system proved to be fallnrer "No; (be system I all rhthf, m far as I know. Hbe ba never let me try tt' -Stray Stories. Four Counties Inn. . In the four Cduntle Inn, In Eng land, tt la possible to eul In Leicester sblre, sleep in Sralrordsblre. drtuk In Warwickshire and smoke In Derby shire without leaving tbe building. ' Hurese end Muslo. Tbe musical acutene of Dorses bown by the rapidity with wblrb car airy Dorse learn the HmtBcaace ot trnmpei rails friendship may and often does grow Itim inve. but love never nlilde Ini" tm-iiiiil ; , A $1.50 ticket for $1.25. Good foi anything at New Elite. o25tf adv Jewelry repairing of Kramer's new store. all kinds at o25tfadv Save by buying a ticket. $1.50 ticket for $1.25. New Elite. o25tf-dv Irak red-and-white label Also look for the sign of Ideal Grocery for the best in ataplo and fancy groceries. Full line of fruits and vegetables always on hand for your demands. IDEAL GROCERY H. A. Stearns, Prop, ; " Both Phones 58 TRY the ALBANY DAIRY for sanitary milk and whipping cream. We invite you to visit and Inspect our dairy. Bell phone 15-F-41. A. P. MISH LER, Prop. A. STARK. Physician and Surgeon Also treats eye, ear, nose and throat, and fits glasses Both phones 60 326 W. First St. Albany, Ore. Learn Trap Drumming TURN IDLE EVENINGS into profit. Good trap artists are in demand. Lessons in drums, bells. Xylophone. LEO H. KREYER , Hub Theatre. Jones Book Store Subscriptions received fur Mag azines and periodicals. 333 West First St., Albany, Oregon. VIERECK'S BATHS First-cl&aa Workmen Only Cor. First and ElUworth Stmts 41 From and after Jan. 1, 1916, this Bank will par 4 per cent on Sav ings Accounts. De posits made before Jan. 6th trill bear interest , from the first. CAPITAL AND 8URPLUS $$0,000.00 J. W. CUSICK CO., Bankers Albany, Oregon FISHER, BKADEN t CO. FUNERAL DIRECTORS AND UNDERTAKERS. Undertakins; . Parlors, 3rd and liroadalain. f LADY ATTENDANT Beth Phones Cabinet Work : Albany Planing Mill Golden Rule Dairy - MILK and CREAM 2 Daily Deliveries. Both phonos H. M. PALMER, Prop. Fortmiller Bros. Funeral Directors Masonic Buildinf, Albany, Or. Both phones. Lady Assistant HQ3 New Year' Resolutions The following were given by a min ister of Eugene! , "RESOLVED: "Tlm't 1 will think less of my ene mies and more of Christ. That I will let my life he control led by my loves, rather than by my disgusts. : ., '' : "That I will think less of my mis fortunes and more of my blessings. "That I will complain less and pray more. That I will make EVERY DAY n fresh -beginning of all my good reso lutions, the same at if tt were n New Year's day." To Our Many Customers and Friends we extend our heartiest wishes for a happy and prosperous New Year ALBANY STATE BANK -"Safety Plus Service" Leon E. RennellV Garage The Handy place to buy Gasoline 212 E. First Street. Phones, BaU 72-Rl Homo 1303 All Repair Work 50c Per Hour DURING WINTER A QUALITY STORE We sail the best at lowost pricm Watch Repauinf F. G. Will O. A. C. HMIIIIIIHMIIMIIMIIIIIIIIIIIItmillllll FARMERS AND HOME-MAKERS' WEEK aod RURAL LIFE CONFERENCES January 3 to 81 1916 Lire UforaaUton. Practical Help for Home Ihc farm, Ih Couttttuufljr, Convention of Oregon's) firrnlMt Tdu4ri Conference on Oregon' Most Vital Problem LUCTURHft DKMOMHTKATIONH- KXIIlUITlONtt-KNTKHTAINMKNTt Two thou sand people attended laM year. It La great place to make frteiida wttn live thinker and live thought, good workers, and good woik. . WINTER SHORT COURSE January so to February 4, 1916 A rrnctlml Agtlculturtt Courw lu s Nut HhU. Appiteu ncience in Actual wwr n Uu Vtrm mi Hoiucbold. Counts la VRtltT KAISINO, FARM CSOrS. SOILS. STUCK KAISINO, DAIRY WOKK, . ruUl.THY KAlHINti. HAKDK.NINO, COOK INC HKWI.NC, IIOUHKIIOI.I) ART. HUMK Nt'KSINU, BUKINK.Vi MKT HODS. KOAU BI.-IUJlVO VAKM HNfllNKKKING, RUKAJ, OKOA.MZAT1UNB, HMSKltnu. Cofrt,pondrnc Conties without Tttltlo. lvxptrt Initructloa In Music . Mrducca railroad rales. For profrain write to Tk Colltca Cwftinf a, Ortf M Afrlu'iiiral Csllfft. Csnaliik H li I to f l) Good Sunday Chicken Dinner at the COTTAGE 25c We make a specialty of friendship,- engagement, and wedding rings. F. M. FRENCH & SON Jewelers and Engravers Let us place ou,' (Initrr piece mounting on you? eyeglasses. Makes putting on nnd oft easy. E. C. MEADE, Optometrist P. B. Pttipps . MAGNETIC HEALER 2185 Home Phone 734 Lyon St. STETTER'S FOR GROCERIES AND CROCKERY DIRECTORY CLASSIFIED wr BUSINESS DIRECTORY CHIROPRACTOR ELMER C OIPE . Chiropractor. Rooms S, 7, 9, 10, CuskIc Bank Blag. Mature cannot cure a disease unless the cause is removed. Chiropractic arljustmeuts remove the cause. ' GEO. J. KENAGY Chiropractor National Bank Blug. Rooms 401-402. Office plibne U80 Home; residence phone 4357. DR. S, H. RUSSELL Chiropractor 1-2-3 Sclimitl Ultlg. Phones Bell 1H6-R; Home 1461. Lady attendant. Examinations free. DENTISTS DR. W. R. BILYEU Dentist, First National Bank building, Albany. LAWYERS, C. C BRYANT Attorney at Law -111-.' Niv l-Vsl Nanoii.'il "ink build. !!. Atltrnv, Or'Kon. DAN JOHNSTON, A'tornry at l.a k ( ill' I-'iro National Bank Bldu L. G. LEWELLING Attorney at law Notary public Allifiiiy. t Irfiton WEATHER PORD A WEATHER FORD. Lawyers. Albany, Ore. OSTEOPATHIC PHY8ICIAN8. A. P. HOWELLS D. O. Both phones - Savings Bank Bltlg MARY S. HOWELLS. D. O. Both uhonrs Saviags Rank Itllg REAL ESTATE tt INSURANCE E. F. SOX Real Estate, Loans. Fire Insurance. First National Bank Building H. F. MERRILL Insurance and Loans City warrants bought and sold. Room No. I, second floor. First Ssvings Bank buildiag, Albany. Oregon B. M 'PAYNE Farm lands and city property for sale. Real estate loans Fir insurance. Surety Bonds, Rooms 19-21, Cusiek Block, Albsny, Oregon FOR SALE FOR SALE OR EXCHANGE A 10 million timber claim In Douglss county for city property or good farm land. Home II 41 . flitf FOR SALE Light rosdstvr automo bile. First class condition Recent- ' ly overhauled. Addreas "Roadster" care Democrat. aStf FOR SALE High graTe piano at s bargain. Phone 361-R. mI8if FOR SALE Fresh cows on easy terms. H. Bryant. ' FOR RENT, FOR RENT Small place of 13 acres, close to Albany, ood house anil burn. Good place for dairv. Call on J. V. Pipe, 203 West 2nd St. d24tf FOR RENT First class store room, First street. Call on Dr, A. Stark. m22tf THK BEST BAKED GOODS GROCERIES, PRODUCE and FRUITS s PARKER'S "The Sin ol Quality" 136 Lyon St. . Both Phones We are at your service for Meats and Fish I). E. NERERGALL MEAT COMPANY SECOND AND LYON STS. Real Estate for Sale Bargains In (arm lanaav city acasv ertyi money to loan, Inaorsme written in the strongest ela In companlea. Call on J. V. Pipa, 203 W. 2nd St DUGAN & DENNY HOUSE FURN1SHER8 New and second hand goad Have moved to 2nd and Bake FOR RENT A four-roomed furnish ed apartmcul, bmiuire of llurgi ral. d:s tf SHINE By Jim Wilson, at Yierock's. dIBtf WANTED WANT POSITION By experienced girl, to do housework. Good refer ences. Call I9J-J Bell. WANTED A FAIR TRIAL We will show our skill ou all repair work chairs,, vouches, woven wire bed springs made ss new, stoves, mat tresses, All work gusranteed. Call Bell 72-J and save money. 317 E. 2nd. . . dljl WANTS WORrC--sdy wants work by day or liuur. Home pboue, 34oV. o2Vtf WANTED dor J room modern bun galow, furnished msa and wife, boy 4 yesrs old. Refweaoe Id re quired. Call from 4 ta . E, i. Plckard. 342 B. 2nd. - WANTS WORK-Youag man 20 wants any kind of work city or country. Call 103 Lyon St. MJICBLLAWBOUS. LOST Crescent, of pearls on streets of Albany. Return to Democrat -(ice, or phone 416-L. FOR SALE CHEAP OR TRADE Gasoline engine and grinding mill ' and 2 crop raspberry, E, Reiss, Halsey, Oregon. d28tf Daily Democrat by Carrier, 14 Year, Real Estate Loans & Insurance Collins & Taylor Hammc! Hotel BuUdlag $3 -000 FOR $2.50 Dry Mill Ends, the best cookstovc wood on market HAMMOND! LUMBER CO. 1st snd Reslresd Phones 3(8 Oregon Junk Shop Pays highest pries (or hides, pel" and furs, rubber, metals aw sack and rags. 3IS E. 2nd Street. Phoae 72-J , Albany, Oregon v Albany Transfer Co. ' BoJh phones WOOD FOR BALE Little Fir .;.,;;...,. .....,.. tsjf Slab Wood .40