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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 02, 1916
Page
1
A comprehensive review of foreign trade conditions was submitted after the war, detailing postwar market adjustments, policy implications, and potential steps to restore balance in international exchanges. The report outlines economic shifts and recommended measures for trade resilience.
The FTC reports that high raw material costs, increased taxes, and likely higher wages will delay Europe’s postwar competitive power. It urges authorization of collective foreign selling agencies and notes the need to strengthen U.S. export organization to compete with foreign industries and finance.
A government report argues that export trade cooperation can boost producer returns and lower costs through larger scale production while maintaining fair domestic competition. It notes current laws hinder cooperative export efforts, calls for reforms to ease foreign trade organization while protecting consumers, and surveys global competitive conditions, including South America and various industries with tables and data.
Athens reports days of terror as Vent relists clash with Royalists and Greek troops fire on Entente landing forces. A truce set to hold order after King Constantine agrees to surrender artillery. casualties estimated at two hundred with civilians among dead. French bombardment reported near the palace.
An audience heard Dr Miley discuss wages of sin versus eternal life from Romans and Colossians. He urged readers to seek reconciliation with God, praised the morning service, and encouraged giving one’s best to the Master as the meetings close with Sunday sessions in Monroe.
Villagers report that looting of a Chihuahua villa intensified as a train carrying supplies was intercepted and its contents seized from nearby stores and residences. Local authorities investigate suspected organized theft during disruption.
El Paso dispatch cites General Ozuna's scouts reporting Villa bandits loading two trains with loot from Chihuahua City and planning to advance west on the Northwestern Railway. Refugees confirm evacuations, Villa vows to kill foreigners and seize foreign property, while Chinese and Syrian residents recount the crackdown and prior killings.
Ambassador designate Elizeo Arredondo told Secretary Lansing and Secretary Baker that unofficial reports of a Caranza defeat near Chihuahua City may be true due to supply shortages. President Wilson and officials worried Villa forces could advance north to Juarez and reestablish a de facto authority at the U S border.
Analysts note Villa may threaten Carranza control of Chihuahua and northern Mexico while the American punitive expedition remains near the border. Officials say Pershing can defend his force, but U S response hinges on Villa’s advances and Carranza’s action to uphold the Atlantic City protocol.
Athens reports King Constantine agrees to surrender six batteries of mounted artillery to the Entente. Allied troops withdraw from Piraeus as Admiral Dufournet orders the retreat following the agreement.
Monroe clubs churches and individuals mobilize to prevent empty stockings on Christmas. Volunteers pledged to serve children and families, with donors giving cash groceries and time. A five dollar contributor and varied volunteers from post office and railway join the effort to aid Associated Charities.
New York December 2 The Morgan firm says it withdraws from selling limited British and French treasury bills at the Entente allies request in response to Federal Reserve Board opposition Other funding plans for Britain and France are in consideration though not yet definite The move may reduce dollar credits available to Britain and its ally while British gold reserves abroad may be used to meet immediate needs and stabilize exchange
The British chancellor explains the move to show regard for the federal reserve board as governments relinquish the obligation to deliver. The plan involved selling small dollar denominated treasury bills in New York as a credit medium to aid American financing and protect the U S to gold balance after the war.
Washington reports that J P Morgan & Co pulled British and French treasury bills at government direction to honor the Federal Reserve Board’s cautions on foreign long term notes. State department said the move is domestic in nature and not a reflection on any country’s finances. No government inquiry to the State Department was received.
Report details ongoing combat near Bucharest as Romanian forces and allied units endure harassment from enemy activity. Territorial defense shifts and supply line pressures influence daily operations and strategic posture in the capital region.
Associated Press reports two major flanking efforts on the Romanian front. Russians mass along the Carpathians pressing a 250 mile offensive toward Moldavia and Bukowina, aiming to threaten Bucharest. Teutons threaten from the southeast along the Danube, claiming gains and heavy losses for Romanians and Russians, with over 6,000 Romanian forces and 49 cannons captured in western Roumania.
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