DV. financial tillinurrt31 rk INCLUDING broni Bank & Quotation Section Railway & Industrial Section Electric Railway Section Railway Earnings Section Bankers' Convention Section State and City Section WEEKIN NEWSPAPER Representing the Industrial Interests of the United States. JANUARY TO JUNE, 1915, INCLUSIVE. VOLUME C 0 WILLIAM j DANA COMPANY, PUBLISHERS. FRONT, YINE & DEPEYSTER STS., NEW YORK. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Copyrighted in 1915. according to Act of Coagresq. by WILLIAM 13, DANA COMPANY U office of Librarian of Congress. Washington D. C. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis JANUARY-JUNE, 1915.1 INDEX. LI t IN HEX TO THE ONE HUNDREDTH VOLUME. JANUARY 1 TO JUNE 30 1915. EDITORIAL AND COMMUNICATED ARTICLES. Page. Page. Page. B C Powers Sign Peace Treaty 1805 Bank Stock Sales__20, 116, 279, 370, 450, Brooklyn Trust Companies 590, 608 Acceptances, Arguments in Favor ot Use of 268 529, 602, 705, 785, 873, 953, 1050, 1141, Bryan, William J., Advice to Railroads_ __ 520 Adams, Charles Francis, Death of _ _1036, 1049 1227, 1320, 1409, 1481, 1647, 1723, 1806, Bryan, and Duty of German-Americans__2060 Administration and the Business Man_ _ _ _1547 1886, 1986, 2063, 2139 Bryan, William j., and Note to Germany.. _ 2059 Aeroplanes Not Considered War Vessels__ _ 526 Bank Stock Tax, N. Y. City Banks' Suit Bryan, William J., Resigns as Secretary of Africa. See Transvaal. for Return of 2063 State 1958, 1963, 1973, 1974 Agricultural Extension, Int. Harvester Bankers' Part in Nation's Development_ _ _2056 Building Operations First Quarter of 1915_ _ 1300 Co. on 2140 Banking Bills Killed in Iowa 1050, 1482 Building Operations in 1914 344 Airship Bombardment 261, 2040 Banking and Currency, Nat. Manufactur- Building Operations, Monthly Features of,1122 Aldrich-Vreeland Law. See Emergency ers' Recommendations on 1795 581, 931, 1701, 2038 Currency. Banking Facilities Abroad, Our Prepara- Bulgaria, Attitude of Algeria and All Other Moratoria. See tions for Extending 1794 Burleson, Postmaster-General, Attack on Moratorium. Banking Facilities, Direct, the Need with Railroads in Mail Pay Affair_ _ _ _1045, 1132 Alien Labor Law. See Labor. , Foreign Countries 369 Business, Betterment in, Seen by President All Americas Association 868, 2132 Banking Law, State of New York, Supt. Farrell of Steel Corporation 517 Allies Increasing Their Resources, Lord Richards on 182 Business Conditions, Improvement in 254 Kitchener on 77 Banking Problems Discussed by Pennsyl- Business Feeling Better as Year Opens_ 2 Allies Joint Loan Not to Be Floated Now 671 vania Bankers 517 Business, Help for 1871 America First, President Wilson's Motto- Banking Problems, Future, with Reference Business, Hostility to, a Drawback, but The True Spirit of Neutrality 1401 to the European War 10 Becoming Less Pronounced American Bankers' Association Not to En- Banks-See also National, State and Savings Business Man and the Administration 1526947 ter Controversy Concerning Reserve Banks Protected In Loaning on Hypothe- Business Man, How He Could Aid Govt_ _ _1299 Act 1046, 1135, 1136, 1313 cated Securities 943 Business Needs, James J. Hill and William American Cargoes, Certification of Exact Barbadoes, Two-Cent Postage to 1220 Sproule on 775 Contents 115 Beet Root Cultivation Curtailed in Holland 525 Business Outlook, Elbert H. Gary on 1797 American Cargoes, Protest against Deten- Beet Sugar Prod. Curtailed in Germany _ 529 Business Should Cease Its Passive, Non- tion and Seizure of 15, 113, 163, 181 Belgian Bank Note Circulation 1877 Resistant Attitude,Says Sen.Root, 1027, 1042 American Consuls in Belgium Must Be Ac- Belgian Financing 1876 Busineas Stagnation, Political Experimen- ceptable to German Military Authorities 3 Belgian Flour Duty Abolished 15 tation Responsible for 354 American Electric Ry Assn. Convention, Belgian Relief Work 436 Business Suffering from too Much Legisla- President Wilson's Remarks at 436 Belgium, to Introduce American Products tion 1218 American Flag, Use of, by Steamers of in, After the War 2124 Business in U. S., Effect of War on 1714 Belligerents 502, 525 Belgium, Am. Corn for Relief of 15 Business, Why Not Prosperous American Freight Rates, Why British Belligerents' Rights in Neutral Waters, Business Woman and the War 1978791 Higher 10 Congress Proposed to Consider 107 American Merchant Marine, Plan for 357 Berlin, Advance in Food Prices 16 abinet Officers Conference, Remarks at_1799 American Nat. Bank of Richmond Operat- Berlin Bourse Reports Good Demand 1390 California Bank Law Upheld 1724 ing Trust and Farm Loan Departments_ 1047 Bethlehem Steel Stock Rise in 1227 California's Eight-Hour Labor Law for American Shipments, Prize Court Pay- Bill of Lading Measure, Uniform, to Re- Women Held 690 ment for 1140 introduce 1313 Caminetti, F. D., Conviction of 1050, American Shipments, Proposals of Great Bismarck and the Present European War_ _ 1126 1724, 2139 Britain Designed to 'Expedite 1556 Blockades and Submarine Warfare, the Canada, Trading with British Enemies as American Shipping, Germany again Cau- Correspondence with Reference to 946 Applied to 951 tions against Traversing War Zone_ _ _1885 Blue-Sky Laws of Arkansas, South Dakota, Canada's Over-Issue of Notes 689, 1218 American Shipping and Seamen's Bill__ _ _1970 West Virginia and Kansas 2139 Canada's War Revenue Act, Provisions American Telephone & Telegraph Co 942 Bond Sales on New York Stock Exchange Affecting Banks 1721 American Trade, Share of, Carried in on Sellers' Option 666 Canada's War Tax Act Effective April 15.l309 American Vessels 2133 Book Notices- Canada's Wheat Restrictions 1557 America's Financial Position 1972, 2139 The Audacious War 1038 Canadian Bank Clearings__ _119, 173, America's Interna. Trade, Sec. Redfield on1472 Bank Checks, Law of 1985 453, 787,1231, 1565, 1889 Americas, President Predicts Unity of_ _ _.1139 History of Modern Banks of Issue 1038 Canadian Banks,Cond. of 776, 1131, 1470, 1880 Amsterdam Stock Exchange Reopens_5, 501,524 How Wealth is Created 1203 Canadian Banks Empowered to Make Aniline Oil and Salt to Be Shipped from International Trade and Exchange-A Loans for Purchase of Seed Grain Great Britain in Reduced Quantities_ _1141 Study of the Mechanism and Canadian Govt., Wheat and Flour Prices1721 Anthracite Coal Production_ _120, 532, 876, Advantages of Commerce 1038 Investigation 278 1231, 1565, 1988 Iron and Steel Institute, American An- Canadian Pacific Ry. Bridge, German Anthracite Coal Tax, Pennsylvania, Con- nual Report 1723 Attempt to Destroy 428 stitutionality Upheld 1551, 2133 Public Utility Economics 1039 Canadian War Tax and New Tariff Sched- Anti-Trust Act. See also Clayton Act. Railway Statistics of United States_1914, 1722 ules 688, 1309, 21713271 Anti-Trust Laws, Geo. W. Perkins on __1474 Borah, Senator, and Federal Reserve Board 178 Canadian Wool Exportations to U. S. Arbitrage Dealings to Be Restored 178 Boston Trust Companies 590 614 Permitted Argentine Business Failures, Magnitude of _1049 Bowles, Samuel, Death of 949 Canal Zone, Neutrality of 113 Argentine Wheat, Govt. of Victoria to Buy 524 Branch Banks, Question of 1478 Capital Chilled by Trade Commissions, Arkansas Coal Mine Rioters Punished__ 692 Brazil Signs Peace Treaty 1805 Labor Commissions, &c 439 Arkansas View of Land Banks 1138 Bread, Rise in Price Ascribed to Combination 863 Capital,Repression of,Ex-Prestdent Taft on 1714 Armament League to Limit 278 Breadstuffs Receipts at Western Lake and Capitalization of United States Corpora- Assay Office Facade to Met. Museum 873 River Ports__174, 512, 855, 1206, 1636, 1968 tions and Securities Listed on the Stock Associated Press, Attorney-General's Views Brindilla (Steamer) Again Seized 107, 443 Exchange 185 on Rights of, &c 777, 864, 951, 1405 British Army Estimates 502 Carib SS. Sunk 696 Australian Embargo on Wool, &c..112, 277, 524 British Bank Notes Issuance of Against Cargo Question, Neutral, England on 167 Australian Government Takes Over Wheat 16 Consols 1400 Cargoes, American, Protest Against De- Australian Meat Supply to be Taken by British Budget, Lloyd George Speech in tention and Seizure 113, 163, 181 Great Britain 703 Commons 1538 Cargoes, Neutral, The Question of _ 3, 7, 14 Australian Metal Embargo Removed 529 British Cabinet, Reorgan. of _ _1700, 1702, 1706 Carriers, Law Making Carriers Liable for Austria-Hungary, Financial and Economic British Capital Issues Conditional upon Full Value of Shipments. Hearing on,&c_1223 Position of 1308 Treasury Approval 525 Carnegie Foundation 272 Austria Protests Italy's Occupation of British Collier and Neutrality of Canal Zone 113 Cars, "Spotting", Briefs Filed Protesting Avlona 163 British Columbia Lumber Orders, Large Against Tariff for Austria Seizes Grain Stock 16, 702, 865 Increase In 1470 Cattle Epidemic, Mass. Appropriations on1312 Austria and the War 1032 British Columbia Moratorium and Decisions Account of Austrian Financing 1876 Rendered Thereunder 1559 Cattle, Quarantining of on Account of1189 Austrian Grain Regulations 525 British Columbia Wheat Acreage Largely Disease 441, 523, 784, 1221, 1480 Austrian Notes, Further Precautions in Increased 1470 Cattle Shipments, End of Embargoes on _ A221 Payment of 13 British Contracts in America, No Com- Cereals, Farm Reserves of, in the U. 853 Austria's Food Supplies 865 plaint as to Handling 1536 Ceylon, Plumbago Shipments to U.- S. Avlona, Austria Protests Italy's Occupa- British Financial War Measures, Sir Ed- Allowed