Newspaper Page Text
'MIDAS TOUCH" OF WAR HAS TURNED THE U. S.
TO GOLD; AMERICA HOLDS WORLD SCEPTER atlön's Exports for the YearAlmost $3,000,000,000. The American Banks With the Unprecedented Expansion of the Foreign Trade Are Investing Hundreds of Millions in Foreign Lands. Country's 1916 Crop Worth Six and a Third Billions. Enormous Increase in New Investments and Finally Nation is Building Up a Mighty Merchant Marine. MORE THAN HALF OF THE AUTOS IN U. S. ARE OWNED BY THE FARMERS Dr. Selwyn-Brown says that of the 3.400,000 automobiles registered in the United States more than half ane owned by farmers. Rubber tire makers say 75 per cent of the tires sold In 1916 went to the Agricultural districts of the middle west und west. Estimates for 1917 are for sale of 1,500,000 new automobiles. The 4,900,000 be used next year will require for renewals more than 19,000,000 tires. As rmers will be the chief purchasers their prosperity will react upon the auto obile industry. DR. ARTHUR SELWYN-BROWN mous American Financial Authority.) No country in all world history ever perienced anything approaching the sperity of the United States during the past year. The old year leaves us absolutely the wealthiest nation In the world, with a prosperity whlc h measured in dollars and cents-is colossal. It should be re membered we have the greatest re sources in raw ma terials, largest man ufacturing plants, most extepsive rail road and shipping facilities, and the greatest financial power. During the war wo undèrtook the hulk of manufacturing for both neutrals and Â.ôfcf-WYN* belligerents. ßROWN Our exports this r were Just a little under $3,000, ,000 as compared with $1^81,000, In 1915. In 1916 we Imported 282,400,000 worth of goods as corn ed with $936,500,000 worth In 1915. Our foreign commerce statistics ow this trade expansion has ex "ded to all parts of the world and are now establishing permanent nections that will insure continued Joyment of this large share in world tnmerce. • To have a honlthy foreign commerce must have efficient banking financial facilities. We ve provided these. American nks tn 1916 established branches. agencies throughout the world, ey Invested over $200,000,000 in In strial plants tn Russia, $60,000,000 China, $150.000,000 in South America d $200,000,000 In Canada, making e total of their Canadian lnvest ~nts $1,000,000,000. Our total invent ants In Europe, Asia. Central* and uth America have now reached -ut $10.000.000.000, The industrial activity of any im itant manufacturing community is urately reflected by pig iron sta les and bank clearings. Ou^pig n production averaged 3,200.0oWonfe month throughout 1916, a pro3w about 70 per cent above normal, 'nk clearinrs in 27 ^>f the principal es averaged above $6,000,000,000 per ~k as compared with $4/300,000,000 ear ago. The total clearings this were $243,865,000,000. and $174. ft*£54 rand have Increase it Scents weekly f 6m „ next Christmas. You can also begin with 1 or 2'cents or 10 cents the first week and increase your deposit the same amount each week. In 50 weeks: 1- cent club pays $12.75 2- cent club pays $25.50 5-cent club pays $63.75 10-cent club pays $127.50 You can put in $1.00 or $2.00 or $5.00 each week and in 50 eeks, have $50 or $100 or $250. Wo add 4 per cent interest. Come in, ask about it and get a "Christmas Banking club" ok FREE. You can start TODAY—START! egen Bros., Bankers, Batte 79 West Parie St 991,000,000 In 1915. Our banking trans actions increased 30 per cent. The- bank clearings indicate pros perity^ is being enjoyed from coast to coast. Employes in most of the bftsio in dustries and largest industrial ' com panies have received higher wages or bonuses. The average wage increase in eastern states amounted to 30 per cent compared with 1915, and 49 per cent with 1914. Immense purchases of automobiles and other luxuries by farmers prove the year has been a precious one for them. While crops have not been so large, high prices made up for the slight decrease in quantity. The corn crop was valued at $2.295, 000,000 as compared with $1,756,000,000 in 1915. This year's wheat amounted in value to $1,025,000,000 as compared with $930,000,000 a year ago. The total value of our crops in 1916 was $6,375,000.000, as against $5,690,000,000 in 1915. The enormous business done in 1916 required immense investments. New capital issues amounted to $3.704,000. 000 as compared with $2,800,000,000 in the previous year. The year's issue included $1,381,000, 000 loaned to foreign governments, compared with $1,275,000,000 in 1915. In the last two years we have loaned foreign interests over $3,240,000,000. This money carries high interest and will be a source of ihcome to us for some years. Activities on the investment market are reflected in the returns of the New York Stock exchange, These show a value of $1.629.300.000 in 1916, as compared with $1,097,100,000 in 1915 —an increase of nearly 49 per cent. Many new industries were estab lished to make goods formerly sup plied by European countries. Many chemical and metallurgical Industries of permanent value were developed. A groaf*dye industry sprang up. We are now independent of Qermany in dyes. Our zinc and copper plants were en larged, and all the* metaltf, alloys and chemicals required in making muni tions were made within the United States. All these new and valuable indus tries will contribute to make us more than ever a self-contained and self supporting nation. * * Though we have been long negligent of our shipping, our merchants have taken advantage of the war to build a great mercantile marine. There are now 26,444 ships of 8,470,946 gross tons on the American .«Chipping registry. Our shipyards built, lb 1916, 937 ves sels of a gross tonnage of 325,414 tons, as compared with 1,157 vessels, of 225, 122 tons, In 1915. Our shipyards are now engaged in building 500 steel steamers aggregating 1,500,000 tons. Most of the yards are working three shifts per day to turn out these ships speedily. The railroads have naturally shared In the bountiful prosperity. There was little new construction, but large sums were expended In betterments. Gross earnings increased throughout the country. Foreign commerce is largely carried on by means of credit. It is therefore impossible to express in concrete terms tlie exact value of our annual trading profit. It is indicated perhaps in a relative manner by our gold reserv.es, as these form the basis of all commer cial credits. LOW PERCENTAGE! IN FEDERAL PAY S Only 53 Per Cent of Montana Guard Strength Went to the Border. The Post's Washington Bureau. The state of Montana furnished 53 per cent of the war streugth of the or ganizations that were failed Into serv ice by the president in connection with the trouble In Mexico. This announcement is made in a re port just given to the public hv the war department. Montana ranked thirty-eighth among the states in this regard, 37 states having furnished a larger percentage of war strength. The report shows that the war Strength of the Montana organizations called into service ds 2.018; that the state actual^ sent to the border 1.070 and that the number short of war strength was 948. It Is interesting to know that the state of. Washington leads all of the other states In the percentage of Its men that responded to the call of the president. The war strength of the AVnshington state organizations is 2.100. The number of men furnished bv that state was 2.078, only 22 short of war strength. The percentage of war strength furnished was 98 9. That the response was bv no means sectional Is further shown bj^the fact that the state sending the next highest per centage of war strength was Rhode Island. With war strength of 672 that little state sent 655 men. or 17 short of war strength, its percentage being 97.4. Next in order came Massachu setts, Delaware, Oregon. Utah, Con necticut, Wisconsin. Mississippi and the District of Columbia. The state that furnished the least percentage of war strength was Arkan sas. With 3,830 men composing its war footing Arkansas furnished only 1,195 men. or 31.2 per cent rtf its war strength. Kentucky ranked forty-sev enth and next to last. The war strength of Kentucky Is 5.988 and it furnished 2.395 men, or 39.9 per cent of war strength. Gen. Thomas H. Barry, rnmmanditng the central department, reports that there has been great laxity In admit ting men to the national guard who are below physical standard, Ohio being the worst offender in that regard. On this point General Barry says: "All states in the central department have, theoretically, adopted the phys ical standard prescribed for. the regular army. Practically no effort has been made in any state to enforce or prop erly apply this standard In enlisting men for the national guard. The percentages of rejection upon physical examination held after muster into the United Slates service were as follows: Colorado 10 per cent; Illinois. 11: In diana. 21; Iowa, 8; Kansas. 16; Michi gan, 15; Minnesota. 13; Missouri. 12; Nebraska., 15; North Dakota, 11: Ohio, 26; South Dakota, 11; Wisconsin. 17; Wyoming. 25. In a number of indi vidual companies the percentage of re jections ran from 30 to 35 per cent and Higher. One Indiana battery, recently recognized hv the federal government and accepted into service under the president's call, came to mobilization camp with 137 enlisted men, of whom 52 were rejected upon physical exami nation held the day following mus ter in. ''Companies of the national guard averaging about 40 men at the time of .the president's call on June 18 were recruited to minimum strength by go ing into the highways and bvwavs and enlisting any riicn obtainable. The of ficers concerned appreciated the fact that many of the men who were en listed under these circumstances would undoubtedly be rejected upon the physical examination which would fol low the muster in. but under the pro visions of the law they had to attain a certain minimum strength and in or der to do so were practically forced to enlist any .applicants whose physical defects were not strikingly apparent to the most casual observer. One regi ment (Eighth Ohio infuntry) had ap proximately 500 men, who were so en listed. rejected upon physical examina tion held after muster in.'* ENGINEERS' UNION TO GIVE DANCE TONIGHT Members of the Butte Stationary Engineers' union, No. 83, will give the 25th annual dance this evening in the Pallmont hall on South Montana street. The hall has been specially decorated for the occasion and every preparation ha* been compu ted for the succçps of the event. Don't Let Skin Tronbles Spread. Red, pimply skin that itches and burns Is embarrassing, and gets worqs If neglected. Bad skin la a social handicap and a constant source of worry. Correct It at once with Dr. Hobson's Eczema Ointment. This healing ointment kills the germ, soothes the irritation and quickly re stores your skin to normal. For babies suffering from the tortures of eczema, qr for grown-ups who . have long floufht chronic skin ailments. Dr. Hobson's Eczema Ointment Is a guar anteed remedy. At your druggist. He APPROPRIATE FOR FEDERAL FORESTS The present stock of gold in the United States is valued $2,716,000,000, as compared with $2,066,732,188 In De cember, 1915. This increase In our gold stocks will easily support four times Its ajnount of business credit. The Increase In the deposits of banks and saving institutions shows that all classes In the community have shared in the golden flood. In 8,406 postal savings banks, 660,000 persons have accounts amounting to $108,500,000 standing to their credit. This is nearly 50 per cent more than last year's returns indicated. This property review for 1916 does not complete the story. Our wealth Is intact, our mill* full of work and there la an unlimited demand for labor. The wonderful prosperity spreads Itself to all classes In America. • Money to Be Expended for Sal aries, Field and Station Expenses. Washington, D. C., Jan. 1. — The agricultural appropriation bill, which has Just been reported to congress out of the committee on agriculture, con tains the following appropriations for national forests In Montana, to be ex pended for salaries and field and sta tion expenses, including the mainten ance of nurseries, collecting seed and planting necessary for the use. main tenance, Improvement and protection of the forests: Absaroka national forest......$ 6,703 Reartooth national forest...... 4,313 Beaverhead national forest.... 5,296 Bitter Root national forest.... 10.367 Blackfeet national forest...... 12,969 Cabinet national forest........ 9,133 Custer national forest......... 2,830 Deer Lodge national forest.... 19.813 FTathead national forest...... 25,900 Gallatin national forest....... 4,810 Helena national forest......... 4,012 Jefferson national forest...... 5,964 Kootenai national forest....... 17.861 Lewis and Clark national forest 5,915 Lolo national forest........... 11,939 Madison national forest..... a 3,930 Missoula national forest....... 9.380 Sioux national forest.......... 2.640 CASTOR IA For Infants and Children In Us* For Over 30 Years Always bear, the Signature of STRANGE. A gabby dubb Is Oswald Rotnt He makes me mighty sore; Ills conversation has no point, Yet he's an awful bore. OUR BUSIEST MEN—TRAFFIC COPS % Above, Henry Bonder; Below, Charles Johannes. Johannes is also shown making Repairs for a Woman Driver. Chicago.—The two men called the busiest in America are the two police men directing traffic at the ends of Rush street bridge in the second big gest city in the United States! They are Charles Johannes and Henry Bender. Besides thousands of automobiles FOUR LODGES OF. MASONS INSTALL Annual Ceremonial is Followed by Banquet at the Ma sonic Temple. Four lodges of Masons held a Joint Installation of officers on Saturday night at the Masonic temple. The of ficiating chief was R. W. Getty of Milltown, grand master of Montana Masons, while Grand Junior Warden W. L. Parmaleo of this city acted as marshal. A banquet followed tho ceremonial at which Past Grand Mas ter Lewis A. Smith was toastmaster. Among the speakers of the evening were Rev. G. D. Wolfe of the Moun tain View church, Alex Christie, Rev. Robert J. Jensen, assistant at St. John's Episcopal church; Stephen P. Wright, Rev. J. A. Hiatt, W. L. Parm alee, C. S. Jackman. David M. Witten berg and Stephen H. Greenwood. ' The officers installed follow': Butte Lodge No. 22—Worshipful mas ter, W. R. Garrison; senior warden, J. D. Dyas; junior warden, A. C. Evans; treasurer, G. W. Mikel; Ofecretary, W. F. Noyes; senior deacon, W. A. Wells; Junior deacon, W. P. Mitchell; senior steward, E. W. Gamer; Junior steward, W. J. Odgers; chaplain, Rev. Jacob A. Hl&tt; tyler, Fred Oates. Mount Moriah Ixulge No. 24—Wor shipful master, Arthur Chynoweth; senior warden, Theodore M. Smith; Junior warden, Sol Genzberger; treas urer, J. L. ( Carroll; secretary, George W. Craven; senior deacon, Joe Patter son; Junior deacon, Millard C. Cassel; Junior steward. Don A. Martin; junior steward, O. W. Wall; tyler, Fred Oates. Silver Bow Lodge No. 48—Worship ful master, James G. Cocking; senior warden, Walter S. Daily; junior war den, Arthur M. Riddell; treasurer, Co lin L. Christie; secretary, Parker E. Rand; senior deacon, Isaac D. Hadzor; Junior deacon, William H. Paul ;4feenlor steward, Carl J. Christian; junior steward. G. D. Denlger; chaplain, Stephen II. Greenwood; tyler, Fred rick Oates: temple trustee, Alexander S. Christie; library trustee, Claude Doran. Monitor Tg)dge No. 35 (Walkerville) —Wbrshipfu! master. William B. B. Jackson : senior warden, John P. Wright; treasurer, Richard A. Had wlek; secretary, John T. Esllck; senior deacon, Jacob K. Hore; Junior dea con, Robert H. Nicholls; senior stew ard, William A. Webb; junior steward, Charles Jewel; tyler, John Angwtn. PROFESSOR LENNES OF MISSOULA TO GIVE TALK The details and particulars of the new course which has been suggested by Superintendent W. E. Maddock and nottce of which was given several weeks ago tn the Daily Post will be explained to the teachers of the city at a meeting which has been called for Thursday afternoon at the hlgti school auditorium. Professor Lennes of the State university will deliver a lecture at the meeting, which will really he the first of a series of such meetings. Mayer Jewelry Co., 21 West Park.— Adv. that pass over the bridge to and from the busy-Loop, hundreds of hordes and wagons make their way along the nar row and crooked approach. Busy as the cops are, they htye time to tip theli hats to motorists they know and are ever ready to make re pairs for women drivers. OUR BEST AD Is Thousands of Butte People Who. During the Past 15 Years, Have Received Dental Satisfaction As Guaranteed by DR: DAVIS 35-36 OWSLEY BLOCK Phone 2008 for Appointments The last word in modern dentistry, combined with 20 years' experience. Besides our work you will also he satisfied with OIT» PRICES. Solid (fold crowns, $4.00; porcelain crowns, $4.00; bridge work, $4.00 a tttoth; platinum fillings, $1.50; silver fillings, $1.00; solid gold fillings, $1.50 up; full set of •eeth ............ « ..................................................$10.00 MINING MACHINERY Boilers, Pumps, Compressors, Engines, Mining Supplies of All Kinds < Prompt Deliveries Intelligent Service Agency for Repauno Gelatin Powder A.CM. HARDWARE HOUSE Corner Main and Quartz Streets Butte, Mont. To OurMany Friends And patrons we extend our best wishes for a happy and prosperous New Year. THE FLORENCE COMPANY 115 West Park. QUIET NEW YEAR AT THE CAPITOL New Year Reception and Dip lomatic Reception Dropped From the List. Washington. Jan. 1.—Celebration of New Year's day in Washington was without many of the official features which have marked the advent of the New Year in the past. President Wil son held no New Year reception, a cus tom he omitted when he came in of fice, and Secretary l^ansing did not give the customary diplomatic break fast. Secretaries Baker of the war de partment and Daniels of the navy however, held receptions. ^ Cablegrams from practically all rulers of the world, wishing the presi dent a happy New Year, arrived at the white house. They came from the heads of the belligerent and neutral nations of Europe, as w**ll as from the presidents of South and Central Amer ican republics. President Wilson s only formal en gagement of the day was a call of courtesy by Prince Mahi Dol. brother of the King of Siam, who was pre sented at the white house by the Siamese minister, Phya Prabha Kara vongse. The president sent a cablegram to the King of Siam congratulating him on his birthday, which fallu today, and to the president of Haiti, In celebra tion of the anniversary of the inde pendence of that country. Government departments were closed all day. SON OF BUSINESS MAN C0NFESSES_HE'S ROBBER Chicago. Jan. 1.—Kenyon G. Peter son, the 21-year-old Chicagoan who, according to advices from I.os Angeles. Cal., confessed t©' a number of rob beries extending from Chicago to the Pacific coast, is a son of F. W. Peter son, a north side business man. Among the offenses which the young man is said to have made confession to in addition to robbery of a north western railway suburban station agent and the holdup of a restaurant were the forgeries of a number of checks. "Regarding the checks. I know that part of the reported confession is true," Mr. Peterson said. 'T cannot under stand what prompts the boy. He has a good home and all the -advantages his five brothers enjoy, and they are all that a parent could wish. I am awaiting Information from Los Angeles deciding what I shall d'». ITALIAN STEAMER . LOST IN COLLISION Queenstown, Dec. 31.—The Italian steamer Legano has been damaged badly In a collision tn the fog offtside Cork harbor and Is reported t* have sunk. Her crew has been brought here with the exception of her cap tain and one seaman, who were drowned. TUOLUMNE OFFICER DINED AT FINLEN A complimentary dinner to T. E. Murray of St. Paul, who is the head of the New York office of the Tuo lumne Copper company, was given at the Flnlen hotel Saturday evening by the local officers of the company. Mr. Murray had made examinations of the local property and he explained to the guests at ti»e dinner the location of the ore bodies. He lias already started back for his home in New' York. THANK YOUR GROCER if he asks you to try a can of BAKING POWDER KC He wants to do you a favor— he knows what brands to rec ommend from experience.