War's turn to decide hits Europe delicacies supply
A Washington Post report details how wartime disruptions shutter luxury foods from Europe. Sardines, olive oil, cheeses, wines, caviar, and spices vanish from New York markets as Germany France and Russia shift supply chains, prompting American cooks to seek substitutes.
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Washington.’ Post
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United States
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Silver Boom Moves U S to Buy Mine Silver Says Senators
Colorado senators say war pressure will lift silver demand in Europe and urge mine owners not to sell cheap as purchases rise. Shafroth and Thomas cite parity with gold to strengthen credit and reduce government spending, with McAdoo ordering weekly purchases of silver. The London market and European banks have already shown demand, miners warned not to dump silver.
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Thomas Annear
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Shafrath
Bank of England
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South Turns Socialist as Southerners Propose Government Buy Ships
The article notes Southern lawmakers push for the federal government to buy merchant ships to transport Cotton and other goods abroad during Europe’s war. It argues such moves echo socialist ideas, clash with states rights, and risk federal losses after the conflict ends while seeking to relieve cotton farmers’ distress and stabilize markets.
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South
Europe
John Sharp Williams
Mississippi
Secretary of the Treasury
Simmons
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House
Treasury Department
War Tax Foes Brace For U S Emergency Revenue
Congress faces a peace time cost surge from European war effects with Representative Underwood predicting a 100 to 180 million annual loss in import duties for several years. He and leaders expect a temporary war tax, possibly a stamp levy, and eventual higher income taxes while avoiding bond issues or further tariff hikes.
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Ways and Means
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Postal savings surge as foreigners move funds to us banks
Postmaster General Burleson reports that war driven rush to the postal savings system has enormous impact on finances. Foreign born workers are moving wages to post offices in the largest cities, deposits rise while withdrawals fall. New York daily deposits quadruple last week and other cities show growth. A Dinots city telegram notes Greeks in a railroad crew offer to deposit 36000 dollars.
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Burleson
Poat
New York City
Barred Spa in Bavaria Reserved for Workers
Berlin reports Podenthal spa near Aachaffenburg Bavaria will be barred to rich visitors. The imperial insurance department bought the resort from state funds to reserve it entirely for workingmen and women insured by the state. Hotels baths and other facilities become state property and access is tied to official physicians certificates.
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Podenthal
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Europe War Conditions Boost American Domestic Market
The article argues tariff effects on trade are unclear but point to a larger U S domestic market. It notes imports rose after the tariff, exports fell amid European turmoil, and bankers warn of possible customs deficits. It forecasts renewed American industry as European exports decline, with South America potentially turning to U S goods.
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American exports rise amid European turmoil
The article argues a sharp growth in U S exports as American manufacturers gain leverage abroad and in domestic markets. It notes potential renewed employment from increased demand, with the nation financially able to support itself, though shipping constraints are a likely hurdle amid European upheaval. The overall tone reflects cautious optimism about temporary manufacturing activity rising before transport capacity improves.
Weekly Bank Clearings Report July to August
Bank clearings in the United States for the week ended August total 2 998 448 000 dollars, up from 2 93 last week and 2 049 000 in the same week last year. Canadian clearings amount to 155 895 001 dollars, compared with 760 231 000 last week and 160 144 000 a year ago. The report lists weekly and yearly percentage changes for both countries.
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New York
United States
Bradstreet’s Journal
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