McHenry Public Library District Digital Archives

McHenry Plaindealer (McHenry, IL), 22 Oct 1914, p. 3

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r.».' '**- -£>V SOUTH AMEBIC NEEDS MONEY i yQAHZAr, THEN GETJUIARRIED Sweethearts Ask Warrants for Each Other, but Secure Mar­ riage License Instead. GIRL STARTED THINGS Swore They Would Never Rest Until Each Had Unplugged All Trouble* In the World on the Head of the Other. AN ,the United States spare South America $500,000,000 during the next Ave years? Can it supply $100,000,000 during the next 12 months? South America wants these amounts withih the period stated. The needs of several of the countries are press­ ing. They must get money somewhere. When the war cloud broke at least half a dozen countries were negotiat- 4 ing in Europe for loans. Most of them were in the midst of commercial and financial crises due to economic causes which were at work the •world over. Part of the loans wanted were merely to take up old obligations by new issues, but in every case there was also a demand, for additional capital, which would have increased the total indebtedness! The war has dealt a death blow to these expecta­ tions. In the famous Jockey club at Buenos Aires, where international finance is discussed, it is now perfectly understood that with the European coun­ tries staggering for the next 60 years under the debts which the war will create there will be no more loans for South America. The same under­ standing exists on the coffee exchange in Rio de Janeiro and on the bourse in Santiago. Temporarily some of the South American countries will suffer as much from the war as the nations which actually are engaged in it. They will not only be unable to obtain money abroad but also their whole foreign commerce will be dislocated through the loss of markets. Some of the countries have met the emergency by following the example of the European nations and decreeing moratoriums. Harassed South American financial institutions and big commercial firms which were in difficulties may therefore bless the war as avoiding the necessity of forced payments, but they will welcome it only as a means of immediate relief to debtors who otherwise would be forced into bank­ ruptcy. tkr-mrt-'tf!18? 'kHi k'tua,tion, brought about through the inability to float new loans, by provid­ ing for a new issue of paper currency in idditlon to the abundant volume which already Is in cir­ culation. Time may demonstrate the wisdom or e unwisdom of this action as an emergency measure, but it shows the demoralization that the European war has caused. South American public men and the diplomatic representatives of the different governments in Washington who know how great the dependence has been on Europe and who understand fully the fiscal status of their respective countries, in­ evitably turn their eyes to the United States, and it is through them that the query comes as to whether the United States can supply a few hun­ dred millions capital. The answer which may be given to the question will determine whether the United States is to obtain commercial supremacy and to dominate South America financially. European financiers who until the New York Stock exchange was closed were getting gold by unloading American securities in their look ahead are now doubtless revolving the same question -as to what the United States may do in the way of financing "South America. To them the question takes the form of a query: Whether any of the . $2,000,000,000 indebtedness of the South American governments can be shifted to the United Stated, and if so how soon and under what terms? Two billion dollars represents in round numbers what the South American countries owe in the form of public debts. What may be 'called the na­ tional debts do not foot up this sum, but the mu­ nicipal and 6tate or provincial debts, some of which are not guaranteed by the national govern­ ment, bring up the total. All the South American countries have had the borrowing habit. Some of the weaker and more reckless ones have given the whole continent, a bad name. Yet the truth is Chat in view of re­ sources and natural wealth and the rapid develop­ ment that has been going on $2,000,000,000 is not an extravagant public debt total. It will be found, moreover, that the very large proportion of the debts has been created by the countries which are solvent and which scrupulous­ ly meet their obligations. Since th,e international imbroglio, in which the United States took a hand, Venezuela has been paying off its debt until now the total amount outstanding is less than $35,000,000. Colombia has what is known "as a consolidated debt, which does not exceed $24,000,000. The country has managed to meet the interest in a manner to satisfy even the critical British foreign bondholders committee. Colombia, whether It gets the $25 000,000 Panama gratuity from the United States or not, wants a general loan of something like $50,000,000 to build railways and rehabilitate the country generally. Ecuador has a public debt not exceeding. $20.- cî izzisj&'gATmago 000,000, most of which grows oat of the bonds issued for the Guayaquil and Qofto railway. These are held in England, France and 'he United States. The provision made for the sanitation of Guaya­ quil carried with it a prospective loan of $10,000,- 000. A proposition which was brought to New York bankers a year ago was for a blanket loan of $45,000,000 to $50,000,000 to tafte up outstanding obligations, provide for the sanitation of Guaya­ quil and to leave a balance for national purposes. A New York banking house a few years ago tided Ecuador over a stringency by means of a tem­ porary loan and realized a very handsome prollt. Peru, after the war with Chile in 18S1, was left with a debt so monumental that it never could have recovered if the burden had remained. The country worked out of the situation by turning over the state railways under a long lease to the Peruvian corporation, which was also given the remaining guano deposits and various land con­ cessions. The Peruvian corporation and the government haya had more or less friction under the arrange­ ment; but so far as its status as a borrowing na­ tion was concerned Peru was able to face the world without a big debt. During the last quarter of a century the total Indebtedness incurred has not been large. It now amounts approximately to $35,000,000. Peru was In the market for a loan when the European war broke out. Bolivia, the midcontlnent country of South America, left by the war with Chile without a seaport, also was able to start the peace era with­ out a big national debt. -The amount of the dif­ ferent forms of what may be called the Bolivian debt is now between $19,000,000 and $20,000,000. Paraguay, on account of Its numerous revolu­ tions and possibly for other reasons, never has had much success in securing money from Eu­ rope. Its present public debt is between $12,000,- 000 and $13,000,000. The opening of railway com­ munications with Buenos Aires ind other chap­ ters of peaceful development have inclined Euro­ pean financiers to look more favorably on Para­ guay. and a loan for the country was in prospect until a month ago. Now, if Paraguay borrows. It will have to be in New York instead of in London. Taking the group of countries which are not large borrowers out of ken, it will be found that the bulk of the public debts of South American countries are tho#e of the Argentine republic, Brazil, Chile and Uruguay. This group of coun­ tries owes Europe--that is. the governments owe Europe--more than |1,700,000.000. They are able to meet their obligations, though some of the loans may require refunding on new basis. The borrowing nations are really the A.-B.-C., or mediating South American countries which helped President Wilson settle the Mexican im­ broglio, and Uruguay. The total of the Argentine obligations Is varia­ ble. according to the amount of cedulas, or na­ tional mortgage bonds, which are in circulation. Two years ago the Argentine debt was approximately $657,000,000. A year later It had risen nominally to $732,000,000. Something more than a year ago Argentina sought to float a new loan In France, but the conditions were unfavorable. A new loan on the same basis would doubtless still be desirable, but the Argen­ tine government would look to New York rather than to Paris or London for funds. Brazil's various debt issues now approximate $660,000,000. There have beerf loans for public Im­ provements and other objects. Brazil, as a vast country, greater In size than the United States, with undeveloped resources the extent of which Is not yet known, has been a free borrower. Within the last year there have been various propositions for new loans to take up the old ones. It is not likely that any Brazilian loan can now be floated in Europe and none is therefore likely to be sought by the government. 'Later, when the inevitable readjustment takes place. Brazil most likely will seek to place her loans in the United States. Chile now has outstanding obligations in the nature of public debts to the amount of $210,000,- 000. The country has borrowed largely on the underlying security of the nitrate bedB and the revenue to be obtained from them. The European war interferes with the demand for these fertil­ izers and a temporary result may be that the workmen in many of the nitrate fields will be out of employment. However, the permanent source of wealth which Chile possesses in the nitrate beds remains. Uruguay, for an agricultural country, may be assumed to have a pretty large debt. Blnce the total now amounts to $1^8,000,000. Yet the re­ public. which is on the gold standard and which has a dollar worth more than the dollar of the United States holds high rank in European finan­ cial circles because of the certainty with which Its financial obligations have been met. A few months ago when an em«?rget>cy loan of $10,000,000 was wanted Uruguay made ••aln efforts to place it in the United States. Intimately It had to be placed In London, Paris atid Antwerp, at 86%. By far the larger part of the public debts of thfe South American countries Is held in England. WTille some o' the loans wjilch have been placed through London have been apportioned to other monetary centers in Europe and have been ab­ sorbed on the continent probably between seventy and seventv-ftve per cent of the obligations re­ main In England. These general facts about the debts of the "South American countries and their distribution In Europe are essential to know in judging of the probability of American capital at some pe­ riod In the near future relieving Europe of a part of its South American financial burden. Hereto­ fore there has. been no market la the United States. The main question recurs, and on It depend In large degree the future trade relations of the United States with South America: Can the United States spare South America $500,000,000 during the next five years? Can It supply |100,- 000,000 during the next 12 months, Los Angeles, Cal.--Grace Belle Sumy And Asa H. Hoffman had a foolish fuss several days ago. Grace is dark and attractive, and is proprietress of an active institution which she calls her temper. Asa Is better natured, young, and not ineligible to the rank of Ro­ meo. Both are photographers, both phote- <tr&ph for their living, both think the] know the best methods of making both the photographs and the living. They had intended to get married, but when Asa said that Grace was bungling her finishing work on the photoB, Grace told him some thiiigs about his labor that were not complimentary or con­ ciliatory. That started thiiigs and they swore they would never rest until each had unplugged all the troubles in the world on the head of the other. Things reached such a stage that Grace trotted up to city prosecutor's of­ fice with her woes. She wanted Asa Hoffman, the terrible thing, arrested. What charge? Oh, any charge, just to get him behind the bars. The city prosecutor could not be so obliging. While Grace was in the office, a deputy was listening to the troubles of Asa Hoffman. He wanted Grace arrested, just to teach her a lesson. When each began to analyze the trou­ ble, each found It very small. Each was in rather a shamed mood. Each rose to go. The door to Mr. McKeeby's office opened and Grace walked out. She walked directly against Asa Hoffman, who was standing ready to leave Dep­ uty City Prosecutor Morton's office. "You!" said Grace. "You!" said Asa. They looked, they frowned, and they smiled. "L£t's forget it," said Asa. "All right, you naughty boy," said Qrace. "Let's get married," said Asa. "When?" asked Grace. "Now." "How?" "Wow!" was all Asa exclaimed, and he fled for the license bureau. While Grace was waiting for the groom-to-be to return. Police Judge Another Point of View. "So you are not to be married?" "No. He says he has changed his tnlnd."-> "What's his excuse?" "The war." "And you have no witnesses nor love letters?" **No." "Well, isn't war just what they say It is?"--Cleveland Plain Dealer. Important to Mothers Examine carefully every bottle o! CASTORIA, a safe and sure remedy for Infante and children, and see that it Bears the Signature In Use For Over 30 "Years. Children Cry for Fletcher's Castoria The fellow who gets there with both feet Is apt to flatter himself that he is a human centipede. The lazier a man is the more hope he can generate. W. L. DOUGLAS! IM BOYS'SHOES $2.28, $2.60 St 00 A M SUM m YOU CAT? SAVE MOVST BY WEA5HN6 W. L, DOUGLAS SEGES. Yv . £Jb iJuuKisua -- -- Wtx SX JTO1D Vv . JU. iKiiijiias tiU ffttar&t] Tjjr iua niuiie tQl rnui JKH0 stamped on the sole before the shoes lMLfitlulM* tory. fclgft ] - for Inferior sh o-- of other mUw. W. L Di oli era are always worth what yon pay for you could see now carefnlly W . L. Dotiglsa chocs I made, and the high predc IcatheiS cmd. you WPOldtkSK under**and why they look better, at txHter, hold tlMlP Bh?u>e Mid wear longer than other makse for tbe priMb If the W. L. Douglas ?ho«?s are not for sale Us yoof •teinity,order direct from factory. Shoes sent I I m•• where. Pottage free in the U. S. Wrltt for !ll«s« ( ataloi ihowlr.K how to order by mail. W. K OOUQJuAS, 11C Sparfc St., Brockton, the Twist in the lets the appetite and makes the hog an easy feeder, more good out of the feed. Hogs fatten taster and put on better rffe Aniaial Regulator Stock owners find it indispensable for fattening hogs and nakil| r-ows live more milk. Is like green pasture for horses. Try it for your stock on our unconditional money-beck guaranty if you are not satisfied. Get it at yenr dealers. Btrf 23-lb. pall tor S3.00. ska la •Sailer packages. Does for animals what COMPARATIVELY LITTLE. "Awful, isn't it?" "Dreadful! Hot I did not know you knew about it." "Why, every paper Is full of It!" "Every paper full of the fact that my wife's relatives have come to spend t'le bnl&nce of the summer with u«? You must be cruzv!" "You must be crnzy! 1 was ret erring to the European war situation." "Huh! I wouldn't be bothered by a little thing like that." QUESTION OF QUALITY. Little Red Ridlnghood, however, was still con­ siderably at a loss. "Just wby." she asked, kn'tting her pretty brows perplexedly, "do you wish to eat me?" The Wolf threw one leg carelessly over tbe other and laughed. "I've heard so much about this better babies movement," quoth he, and flecked the ashen from ni8 cigarette, "that I wish to Bee if there's any­ thing in it,"--Puck. 8h# Wanted Asa Hoffmen, the Terri­ ble Thing, Arrested. White dropped into Prosecutor's Mc­ Keeby's oritee to discuss a case. Back came Asa with the license, and also a ring. Police Judge White married. them, City Prosecutor McKeeby gave the bride away, and the bride kissed them both and said thex were Just lovely. Hut the congratulations had to be short, for there was a woman waiting to tell the city prosecutor how her husband had beaten her. HAD BEEN THERE BEFORE. "Right in the midst of the advice you were givigs him you broke off and hurried away " "Tnat's what I did!" "But he was listening deferentially to all you had to say." "You bet he was. I never had a man listen to tee that deferentially that be didn't try to touch me for five dollars before I got away." BIRTHPLACE OF GREAT POET Move to Purchase Hoj*> Where Long­ fellow Was Born Meets With Some Disapproval. A relative of Henry W. -Longfellow has written to the Houghton Mifflin company a letter concerning the movement to buy the birthplace of the poet through subscription. The letter says: "The birthplace of Mr. Longfellow Pore Ktreet, Portland, Me., was not his parents' home. It belonged to Captain Stephenson, an uncle-ln-law of the poet, and the poet's mother was only temporarily visiting there when he was born. The real Lougfellow home, which was built by the poet's grandfather. Gen. Peleg Wads worth, on Congress street, was given by fhe poet's sister, Mrs. Ann Longfellow- Pierce, to the Maine Historical so­ ciety as- a public museum and memo­ rial. There are kept and shown the old family furniture and some books, picture^ and manuscripts. It is1 still a handsome house. In a good part of | worth furniture, books or manuscripts the city, easily accessible to strangers ; that can be had to put in this house and visited by several thousand every j "It is believed that the movement Fear- * ; for purchasing this birthplace, such "On the other hand, the Fore street i a3 it is. is not a spontaneous (>ne. It house, in which the poet happeped to ! i^g not the approval of either the be born, is now In a tenement house | Maine Historical society nor of the district, inhabited mostly by Italians, j Lfcngfellow family, nor of any but a and is out of the way. The hcuse has been dismantled of its front, door and side lights, front doorsteps and best mantelpiece, dni Its partitions have been changed to fit it for six families. There are .oo Longfellow or Wads- very few Portland citizens.*' More Overproduction. Japanese tocth brush manufacturers are the latest to join the chorus (if complaint of overproduction MIDGET WIFE BEATS HUSBAND New Jersey Woman Escapes Punish­ ment When Prosecutor Gets Glimpse of Her 8ize. Camden, JV. H.-f-Prosecutor Kraft, who has made a reputation for send­ ing wife beaters to Jail, was called up the other day to consider a case where the shoe was on the other foot. George Qulnn caused the arrest of his wife for giving him a thrashing. Mr. Kraft was told that was Mrs. Qulnn's method of sobering up her hus­ band when Quinn needed heroic treat­ ment. H« then sent for the woman with i ithe intention of telling her she must not take the law into her own hands. The prosecutor was hot equal evea to giving a reprimand when he saw a lit- Ue woman, whose head did not reach t^ the shoulders of her husband and who weighed 100 pounds less. He ojr- dered her released without comment. Flips Coin for Name.. Superior, Wis.--The flip of a coin determined the name which one new "nephew" of Uncle Sam adopted with the approval of his petition for nat­ uralization by Judge F. J. Risjord. "I guess it have to be Steve Ste­ vens," said Steve Ranovich, alien, after he had returned from a consultation with a friend with whom he had re­ tired when hi^ request for a new name was met with a query of what it should be. 1 don't care much for it, but we towed a nickel to settle it, and 1 guess ash wp Poultry Regulator does for chickens--keeps them healthy and on the Job. , necessity for winter eggs or for fattening. Package* 23eop A complete line of Pratts at 40,000 dealers. PRATT FOOD COMPANY. Philadelphia. Chlcatfo. TsiMta Enables it to Sell INDESTOGTQ Sanitary Hampers to your friends and neighbors with a good prof­ it on each one you sell Indeitructo Sanitary Hampers provide a clean, niiH - Pj*ce to keep soiled clothes till wash day comes around. Replace dirty, unsightly clothes bags and wicker ham- Er«. No rough edges or cracks for dust to gather in. in be wiped out with a damp cloth. Sella on sight. You'll want one yourself andruhenytmr neighbor* see yours they tvill tvant one. Write today for illustrated booklet and agency proposition. NATIONAL VENEER PRODUCTS COMPANY 4400 RF.IGFR STREET. MiSHAWAKA. INDIANA Why the Dane* Changes. The ailment that brought the waits and the two-step to their lingering death was monotony. Each had one one step, one tempo, and that is not enough. So the dances shriveled up and died from lack of exercise. A few years ago the world entered upon one of Its periodical rebellions against artificial conventions; and the people- returned to the world-old, semi-forgot­ ten recreation, dancing. The revival of dancing was accompanied by a clamor for variety.--Woman's Home Companion. HEAD IN WATERY PIMPLES R. R. No. 1, Kyles, Ohio.--"My ba- by's head when about a year old be­ gan to break out with small watery pimples causing her head to itch. She would scratch her head till the blood came causing the top of her head to be in almost a solid eruption. The pimples at first were nearly as large as a pea and in patches which would Inflame and feBter and when they would come open would leave ft kind of wet scales there for a few days. Then when it dried up It would leave scales on h,er head that causcd her hair to fall out just in great bunches. "One day I happened to see Cuti- cura Soap and also Cutlcura Oint­ ment advertised in a paper and 1 ordered a Bample of each. They seemed to help her head so much that I pur­ chased a cake of Cutlcura Soap and a box of Cutlcura Ointment and in two weeks' time her head was sound and well. , Her hair had stopped falling out and was also free from dandruff." (Signed) Mrs. J. L. West, Feb. 20, '14. Cutlcura Soap and Ointment sold throughout tbe world. Sample of each free,with 32-p. Skin Book. Address post­ card "Cutlcura, Dept. L, Boston."--Adv. He is a wise candidate who sticks to his regular Job until he gets Into 0&* flee. TF you feel that you are smoking too many cigars, try Fatima ciga­ rettes. They cost less, last longer, and are more wholesome. UkI Specified. "Did this speculator plunge in media res?" "No, sir; he plunged ia cot ten." 4 R HAIR AtottetpnaMSisa of BMftfc Balp* to aradteaM daadraC. For* BaautytoCrairarFacUdHata Pet tits Eve Salv W. Ui| CniCASOi r«G. 45-lSiir Nervous Emotional Dizzy Depressed Mrs. Addim Cartaing+r of Cedar St., Cairo Jll., «ri(M Dr. R. V. Pimrca am followt: send SI cents toe your "Com­ mon Sense Medical Adviser* for my daughter who has recently marriedaudlknowthebookwill baof much value to hor. I have read and used for 25 jraara the valuable treatment* contained In the 'Medical Adviser* and have taken many bottles of Dr. Pierce's Favortto Prescription, and have been res tared to health aach time 1 used it. It U a*rent remedy for women asa itretijrth builder, tine for the iierves aud gitneral health." XXfOMEN who are restless. constant change of position,' fidget* InesB," who are abnormally excitable or wh# experience fainting or dizzy spells, or nervouft ' headache and wakefulness are usuuy sufferer* r from the weaknesses of tlaeir sex. • > DR. PIERCE'S ̂ Favorite Prescription Is the soothing, cordial and womanly tonic that brings about an invigorating calm to the nervous system. Overcomes the weakness and the drag­ ging pains which * "?ins of rheu­ matism. ThouBandsV . > 4 * I*** fatty years can bear witnessx^. Tour dealer In medicines seK. tl 'tn liquid cmo|V> floated tablet form; or you can Bend SOono-cent ItuafC for a trial box of Dr. Pierre's Favorite Prescription tablets. Addreea Dr. R. V. Pierce, invalids' v and Surgical Institute. Buffalo. N. Y. ixiimiiKiiiiiiiiiiiiiiiiiiiiigiiuiiiuuiiiiiiiiiiuiiouiiini Dr. Pierce's jPiemMuiit Pellets Rsfilste and Invigorate Stomach, liver and Bowels, Sviar-Caated Tiny Grin ale*. uiiiiiiiiiiiiiiuiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiHiiiiiimiunin Bog Spavin.Thoroughpin.Wiiid Puff, Bowed Tendon, Capped Hock, Shoe Boil. Curb, Splint, Poll Evil, Fistula are promptly reduced with ABSORBINE THE ANTISEPTIC LINIMENT It it • mOd and pleasant remedy to use--do«s not stain or lea re a greasy rostdus. It is soothing, cooling, healing and powerfully panstimting -- strengthening and invigorating to tired, lame muscles or tendons. Allays pain promptly and takes out soreness and umam- matlon. Raducas swelling and soft bunches. In addition it is a safe and bar Antiseptic and. Germicide Applied to an open sore, wire cut or wound kills the germs and causes a healthy healing Evil, Fistula. Quittor. Sores. Lacerations, bruises. Abeorbin* dfaae not blister it not only makes the part asoptlcatf ctaMLbot oon-destructive of tissue. Bffaotns ta PoU USE ABSORBINE to redue« Bursal Bnl«ri«wi!s. Bog Spavin. $. Paflk, Ska* Mlh Qsmm4 Hocks. Swollen Glands, Infiltrated ParK, Thickened Tissues, Rheuinatic os^oslBk Bhiargsd Veins, Painful Swellings, and Affections; to reouce any S:ra;t> or Lameness; to r*Mir Strained. Ruptured Tendons, Ligaments or Muscles: to strengthen any part that n*«4s tL Absorbiae, $2.00 a bottle at drawitt> or sent postpaid upon receipt of prie*. Writ* DM about any special case on which you would like advice. Sand for Flw Horsa Book. GET THE GSNU1NB--Manuiacturad only by W. F. YOUNG, P. D. F.f 310 Temple St., Springfield,Mass. i

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