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SATURDAY EVENING KFWllEWEEKS EVENTS, HERETHERE AND EVERYWHERE
rfllE WEEK IN
WASHINGTON
Happenings in the National Capi
tal of Importnnco and Interest,
Legislative and Political.
In tha realm of foreign affairs, the,
tnoit important development of tho week
l Washington has been tho assurance
rlvd from the Japanese Government
that the occupation of the Marshall
Ittands la only a temporary war meas
ure. Japan sent word to tho State Do
purlment Wednesday that the solzure of
the archipelago was not now. and would
net be, regarded as anything more than
a temporary strategic move.
The postponement of tho Pari-Amcrlcan
peace conference, which was to havo
been held at Buenos Aires next month,
was announced after a mooting of tho
directors of the Pan-American Union
Wednesday, which Secretary of Stato
Bryan attended. The European war Is
ostensibly tho causo of tho postponement.
Thero wero no Important developments
! the Mexican situation, although tho
brief visit of John It. Sllllman, the Pres
ident's confidential agent with General
Carrania, to the capital occasioned much
peculation. Mr. Sllllman loft Washing
ton for Mexico City Thursday night. Tho
real nature of his "mission" to Wash
ington or tho character of tho Informa
tion ho gave tho President has not yet
been divulged.
Great Britain's alleged selzuro of neu
tral vossols bearing copper and other
"conditional contraband" to Dutch porta
was tho subject of a lively controversy
In Washington. Tho British Ambassa
dor, Sir Cecil Sprlng-Itlce. gave assur
ances to tho State Department that Great
Britain's only plan was to prevent car
foes shipped to Dutch ports from being
trans-shipped to Germany. A settlement
of tho problem probably will bo worked
out on this basis.
Ecuador signified to Secretary of Stato
Bryan her desire to enter Into a pact
with the United States In the familiar
"sober-second-thought-boforo-wnr" trea
ties negotiated between this country and
many other nations.
Various plans for tho relief of tho cot
ton growers of tho South, who havo lost
almost their entire foreign market since
the advent of tho European war, were
advanced this week. Tho effort to havo
any one of tho plans culminate In legis
lation toy Congress, to be passed before
the close of the present session, has so
far proved abortive, although Southern
members of tho House have repeatodly
threatened that they will permit no ad
journment of Congress until some re
lief measures have been passed for the
cotton planters.
Perhaps tho most practicable plan yet
developed has como through tho Initia
tive of Festus J. Wade, a St. Louis bank
er, who proposes tho establishment of a
$150,000,000 cotton pool, to bo composed
of all the leading banks of the West and
South. Mr. Wado brought a delegation
of bankers to Washington Friday to meet
the members of tho Federal Keserve
Board and Presldont Wilson.
The war tax bill was modified In some
vital details by tho caucus of Demo
cratic Senators Wednesday night and
was presented to the Senate the next
day. Tho rates of beers, wines, rectified
spirits and tobaccos were raised, and re
ductions were mado on tho House levies
on bankers and brokers. The tax on
gasoline was stricken out.
Tho Administration plans for tho com
ing campaign wero matured this week by
various conferences at the White House.
Secretary of -State Bryan was assigned
to speak In tho Middle Western States, In
cluding Ohio, Indiana, Wisconsin, North
and South Dakota, Kansas nnd Nebraska.
His only appearance on the stump In the
Eastern States will bo at tho Academy of
Music In Brooklyn next Tuesday evening.
Secretary of tho Treasury MoAdoo and
Secretary of Commerj Itedfleld will make
several addresses In New York State, and
probably a number In Pennsylvania. Sec
retary of Labor Wilson probably will
make an extenslvo stumping tour of the
Keyetono State. Postmaster General Bur
leson will spend about ten days In the
Middle West, speaking In Cincinnati, In
dianapolis and other cities.
A "campaign conference" was held nt
the White House Friday night, at which
plans werj discussed by tho President,
Postmaster General Burleson, Represen
tative Doremus, chairman of the Demo
cratic Congressional Committee; Thomas
.1 Pence, of the Democratic National
Committee, and Secretary J. P. Tumulty.
Another Important political development
of the week was the visit of Colonel
George Harvey to the White House last
Sunday Tho truce between the President
and Colonel Harvey hus brought forth
the suggestion that tho Colonel may be
named as Ambassador to Berlin If Mr.
Gerard Is elected Senator from New York.
The House of Representatives Thursday,
by a vcte of 2H to 54. adopted tho confer
ence committee agreement on the Clay
ton anti-trust bill, which materially sup
plements the Sherman anti-trust act. The
Senate has already adopted the agree
ment, and the measure will now be pre
sented to President Wilson for his ap
proval, which will place the bill on the
statute books.
FILIPINO FREEDOM
The Republican policy, as outlined In
party platforms and carried nut by Re
publican Administrations, was to educate
the Filipinos and glv them a larger and
larger measure of home rule. It has
produced excellent results and there has
been remarkable progress, but It Is much
too early to talk about a promise of In
dependence Tho time when complete,
self-government can bo granted without
Injustice to the people of tho Islands and
without ignoring our own obligations Is
far In the future, and this makes It all
the more difficult to understand tho Ad
ministration's reasons for favoring en
actment of the Jones bill at this time
Rochester Post-Express.
The autonomy question most positively
Is not one to bo decided on the utility or
inutility of the Philippines to us in rase
of war If we are not Justified In keep
ing them in reace, will we be justified In
keeping them that wo may draw on
their resources In the event of war, that
thej maj become a target for our en
emies to strike at In striking at us, that
they may be forced to share In the de
vastation brought to u by a war In
which they may be only remotely con
cerned' St Iouls Post Dispatch.
The question of keeping the Philippine
Islands need not bo considered from the
standpoint of self-interest at all, but
purely from that of duty. Tha real ques
lion today is whether, having taken over
tho Islands, we will do better for them
by giving them independence, or by keep
ing them under our guardianship. This
la a query that can be answered only by
pert students of conditions In the
archipelago Detroit Free Press.
While the minority leader errs on tho
Side of argument, he Is right as to tho
main question. The United States is not
called on to commit itself on that ques
tion at present Such a commitment would
hot only be subject to revocation by a
subsequent Congress, but would also
caute continued unrest in the Philippines,
't would have been better to have met
the Issue on the ground that the Filipinos
are. not now trained for self-government
and that until there is evidence that they
there Is no need of even discussing
the
Question of independence. Chicago
Herald,
EVENING
HE'LL TAKE CARE OF
COMMENT ON
BUSINESS PROBLEMS
Editorial Suggestions Concerning
Some of the Difficulties in the
Business World.
What wo need Is to free the energies of
tho American mind from governmental
shackles. What wo need Is to give free
course to American activity and Ingenu
ity and let tho Amorican merchant find
his markets or make them. What we
need of government fs a return to Its
original functions, when wo would havo
better order and fowcr laws and greater
safety and less Injustice and the true
prosperity best built on the highest de
gree of personal freedom. Loulsvlllo
Post.
Much of our business depression Is
wholly mental. It Is caused by paralysis
of the mind. It Is puro panic which In
duces confusion and Inertia. Amerlcain
should set an example to the world of
initiative. Ingenuity and energy In meet
ing tho business crisis, not only for our
own benefit, but for the benefit of the
millions abroad who are dependent upon
us for supplies. Present prosperity nnd
future rewards rest upon prompt, useful
and efficient service In nil lines of Indus
trial and commercial activity. Let us do
business and quit talking war. St. Louis
Post-Dispatch.
The cotton planters are not the only
producers who aro entreating us to buy
something. Porto Rico Is cut off from
her European markets nnd she is now
asking tho American people to "buy a
bag of her coffee." In a sense, Porto
Rico Is a part of our own household, and
we should not incur the reproach of
heathenism by withholding consideration
from her. Boston Transcript.
As a man of peace the President can
not wish to make unnecessary trouhlo
for himself. If It Is not certain, at least
It Is as sure ns shooting that Gov
ernment freighters will get Into trouble
with one or another of tho bakers' dozen
of nations now of a temper to fight any
body about anything. Tho Government
boats might bo without fault, and yet
fault might bo Imputed to them If
It wero a matter of Government duty
nobody would say that It should bt!
shirked. But It is expressly urged as a
matter of Government profit. That In
troduces an element of calculation and
of delusion New York Times.
Why does the Administration continue
Its support of the ship purchase measure
after tho only posslblo excuse for gov
ernmental participation In the shipping
business has been removed? Belief Is
growing that there would be great danger
of International complications If a Government-owned
fleet attempted to carry
grain to Europe. It Is practically certain
that ndoptlon of the plan favored bv the
President would prevent the establish
ment of a permanent merchant marine -Rochester
Post-Express.
The proposal to havo the Government
buy, own and oporate merchant ship
might perhnps bo defended If such pur
chase were one step toward tho re-cstnb-llshment
of an American merchant ma
rine. But It Is not such a step The
purchase and operation of merchant es-
sels by the United States Government
would do nothing to encourage- pil ite I
capital to purchase and operate iiieir-tvint
vessels. On tho contrary. It would dis
courage purchase and operation by pri
vate enterprise Outlook.
Already tho transportation across the
continent Is changing to tho canal route,
and the railroads, to meet tho rate, will
meet with a declining revenue. But ono
railroad man says they won't lose, whlcn
Is as much to say that the wholo country
Is benefited by the benefit to any part of
It Ohio State Journal.
Besides attending to the obvious work
of organization. Investigating foreign de
mand and advertising we must In minor
details tako the hint given by our rivals
only temporarily eclipsed. Germany's
tremendous, progress during tin past dec
ndes has been largely due to her eduen
tioual system involving Instruction in
trades for her artisans nnd instruction
In languages for her commercial agents.
Washington Times.
EDITORIAL BREVITIES
It teems Impossible to overwork a mem
ber of Congress to such a desrea that
he does not feel able and willing to
coma back. Washington Star.
The Agricultural Department propose
to organize the boys and girls of New
England Into apple-growing clubs: as If
the kids would get any fun out of raiding
their own orchards Boston Transcript.
The lowest death rate ever recorded In
tho history of New York city falls at a
time whon millions of men In Europe
are engaged with all their might In cre
ating a death rate, unequaled In tha his
tory of war. New York World.
No one will care much about Slav and
German and Anglo-Saxon culture for a
few days while we are reading about Bos
ton culture In the world's series Grand
Rapids Press.
The proposition to tax automobiles
meats with the approval of tho man who
haB to dodge them Birmingham Age
Herald Turkey's only desire, according to A.
Rustem Bey. is "to be let alona." Is It
ready to obtain that end by the only feure
T.TOTirtmii-frmTiAPEIiPHIAt SATURDAY,
Trom tho Baltimore American.
HIMSELF BUT CAN HE?
moana to It strict neutrality and tho per
formance of Its treaty obligations? Now
York World.
Chicago has a now defense. It's not
that there's so much crime In Chicago,
but that there's bo much social consclonco
that you hear about It more. Mllwaukeo
Journal.
Tho blosslngs of pcaco do not necessa
rily Include exemption from a war tax.
Washington Star.
Every boy born In Mexico seems to
have a real chanco to becomo President
for a day. If tho days hold out. Los
Angeles Express.
Carranza's friends seem loth to accept
his resignation. In the circumstances that
Is a queer way of showing their friend
ship. Charleston News and Coutler.
Wh.it, people, do you think of a Natlona,
IIuu.so of Congress containing 13.", mem
ber., passing upon so vital a matter as
the Philippine question with only "1 mom
beis prevent and voting? Milwaukee
Sentinel.
One thoughtful educator rises to remaik
that the way to do Is to emphasize tho
good In tho child and minimize the bad,
but tho gnawing fear Is that It will be
a long time before this wiso plan Is gen
ci ally adopted with respect to the
mighbors' children. Ohio State Journal.
VARIOUS TOPICS
The question of how long the war tax
will Inst la of smaller Importance than
that respecting tho life of tho Under
wood law. and what shape tho now gen
eral tariff ;pislon will take when de
velopments force action on Congress
Washington Star.
Tho nation should own the home of
Thomas Jefferson, nnd Representative
Levy's announcement of his change of de
termination not to soil Montlcello will bo
welcomed throughout the lountiy. Mr.
Levy, lit putting a price of $5Q0,C00 on the
property, yielded directly to the solicita
tion of Mr Uryun. but tho sttlon of the
Secretary of State may he attributed fair
ly to the national sentiment roused by
Mr. Martin Littleton. -Now York llwald.
Tho statement of the Japanese Gutem
nieut that Jaluit was seized for present
milltaiy purposes, with no thought of
permanent possession, should savo us
from an outbreak of that painful disease
sometimes deorribed as llobsonltis, or
more brivntlflcalh .t Nippouophobia. For
this relief, much thanks.-Chicago Journal
Turke's abrogation of the capitulations
does not affect the American mission,
colleges or hosplta'y. or an) of the prop
erty of which Ou- hold in Turkey. These
elst under the g, neral laws of tho Em
pire, and they have the protection of
International law. As for tha Immunities
hitherto granted to foreign residents, we
may as well confess that tbey amounted
to a curtailment of Tinkislt slf-govern-ment.
Boston Herald
It Is an unfortunate notion to promul
gate that the schools are hotbeds for the
development of crime. It does sonvetlmw
happen that thev xert a missionary in
fluence upon parents through their chil
dren, but It ver seldom happen; that
they weaken anything of good that the
child has received from the Influences
of his home The country is proud of
its public schools and it has reason to
be but if the charge nude at the prison
convention were true we could not close
them any wo nuKklj -Boston Trau6i.rlpt.
-V Q .-0S szm$0i&'' fill
VIEWS ON THE
NEW TRUST BILL
What Newspapers in All Parts of
tho Country Think About the
Clayton Measure.
There arc two considerations which ap
peal with much foreo to thoughtful people
at tho present time. Ono la that thero Is
great danger In nn overoentrallted gov
ernment, and In too closo political control
of Industries. Tho war In Europe has Its
Industrial ns well na Its political lessons.
Imperialism In Industry Is as bad as Im
perialism In government. Our peoplo
have felt this, ns has been shown by their
opposition to ship subsidies, to the Gov
ernment, purchnso and operation of a mer
chant mnrlno and to oxtromo protection.
Wo havo In tho lost few years seen an
enormous extonslon of the functions of
the State. The new banking and currency
law Is tho latest manifestation of that
tendency. Possibly It will bo Just as well
to stop, nt least long enough to catch our
breath. Indianapolis News,
"I believe," Senator Brlstow Is quoted
as raying, "that tho President known ex
actly what this conference report does
nnd that he Is supporting It because ho
does know what It does. I am convinced
that tho President has surrendered his
Administration to the most sinister In
fluences In this republic. There has been
no Administration slnco tho beginning of
tho Government which has so abjectly
surrendered to Wall stroet Interests as
this one has dono." Wherefore, In the
absenco of any specific Information as to
tho terms of the conferenco agreement,
wo are Inclined to think It must bo a
very wlso nnd wholesome one. Galveston
News.
It Is this bill also which embraces tho
great prlnclplo that "tho labor of a hu
man being Is not a commodity or an ar
ticle of commerce." Hereafter no labor
union can bo penalized unless It violates
the laws, and proceedings by Injunction
and for contempt are wisely regulated,
Thero la no surrender here. It Is rather a
triumph of good faith and good sense.
New York World.
An unnecessary reaffirmation of the
Sherman anti-trust law and a little sop
to the labor unions prefneed with tho
profound philosophic declaration "that
the labor of a human being Is not a com
modity or nn article of commerce." and
asserting that proper labor organizations
are not conspiracies In restraint of trade
a fact which nobody had questioned.
"Thou soy'st nn undisputed thing In
such a solemn way" tho remark of Oliver
Wcndcl Holmes to tho katydid. Now
York Herald.
This experimental anti-trust legislation,
greatly Increasing tho scope of Federal
Government and widening Immeasurably
Its control over private business, strikes
most men of affair-, lcgnrdless of politi
cal affiliations, as decidedly unfortunate.
That there aro problems In the present
business situation admits of no doubt, but
that this Is the way to meet them Is an
other story. But we shall have to await
developments with such patience as wo
can muster. Boston Herald.
The thoughful lawyers and broad-minded
students of economic leglslntlon would
shed no team If tho omnibus Clayton bill
should accidentally or othorwlse get lost
somewhere. The country has not studied
it; Congress does not know what it means
or portends; It Is as vague In Its phrase
ology as It Is drastic In Its Intent. It Is
a leap Into tho worst Jungle of the twi
light zone, or several such leaps Into as
many Jungles Chicago Tribune.
Hcio wo havo vicious. un-Amcrlcan class
legislation favoring the mighty capitalists
and the organized laborers against tho
great middle class of society, which finds
Itself each year harder pressed between
tho extortions of the monopolists nnd the
requirements of the workeis for higher
wages and shorter hours St. Louis Post.
Dispatch.
1'OUTICAI, PROSPECTS
The congiesional lections this year
bid fair to bo overshadowed, like eery
thing else political, by the European war,
but It 13 evident that the Republican
manager intend to inise all the clamor
they can ubout "war tastes tn timo of
peaie" They will bo wise, however. In
sticking to that vawue try, with what
ever effect it may huvo. tother than go
In; into details New York Evening
Post-
The neM congress should represent the
rolled states without any regard to the
man who happens just now to be the
ihlef t'kctutiti- uflicer of the United
States. In no othr way can the people
of tals country chow that they know
their lie tit and are bound to maintain i
them, not in any obsterperoiig or childish i
mannei, but simply beeausa these rights '
are nsiwary ana useiui. tiarttord
Courant.
Is it surprising that the Republican
party falls to iccognlze "the immense ad,
ance made by the Democracy" and that
in respect to the tariff "it stands just
where it did on the day after WiUon was
elected"? Springfield Union.
The return ot a Democratic majority
(to the House), howeer greatly reduced,
would signalize the most striking per
sonal triumph of any President since An.
drew Jackson overwhelmed the opposi
tion in 1S32 Now. as then, the issue is
not a. prt. but a personality. North
American Review,
Krom the .Sew rk Tribune
THE RESPITE
SEE WHAT THE
POLITICS IN
PENNSYLVANIA
Progress of the Campaign and Some
Illustrative ami Picturesque In
cidents.
Tho announcement that Martin G.
Brumbaugh, Republican nominee for Gov
ernor, Is financing his campaign Inde
pendently of tho Pcnroao-controlled Re
publican State Committee, and the suc
cessful efforts of friends of Roger C. Sul
livan In the Senate Committee on Priv
ileges and Elections to postpone the Son
ata Investigation of the primary expenses
of Penrose and Sullivan, wero Important
political events of the week.
A. Mitchell Palmer nppeared beforo the
Senate Committee early In tho week and
repeated his charge against Penrose. Pen
rose paid one of his Infrequent visits to
Washington, and made a strong fight to
prevent tho Inquiry Into his campaign
methods. Indications were, however, that
the Investigation would be ordered, but
yesterday Democratic members of the
committee, who aro friends of the Demo
cratic candidate for United States Sen
ator from Illinois, postponed the Inquiry
until after November 3.
Doctor Brumbaugh's positive stand In
favor of local option caubed the differ
ences between the gubernatorial candi
date and the Penrose-controllcd State
Committee.
In his week's campaign through the
Cumberland Valley, ho repeatedly defined
his stand in rogard to local option. After
speaking at Ncrristown on Sunday and
visiting Philadelphia on Monday, he re
called to a throng at Chambersburg on
Tuesdny the fact that In 15s he led the
fight In Huntingdon County for prohibi
tion. Officials of the Anti-Saloon League,
which opened its campaign for local op
tion on Sunday, havo indorsed Vanco C.
McCorrilck. the Demociutlc nnd Wash
ington party candldatH for Governor. In
recognition of Doctor Brumbaugh's local
option stand. A F. Huston, anti-liquor
leader in Chester County, came out on
Thursday In support of Doctor Bium
bauch's candidacy.
J. Benjamin Dlmmlek. of Scranton. who
opposed Penrose for the nomination last
spring, defined his present position in a
statement issued Monday. He tald that
he must abido by the decision of the
voters, and for that reason cannot enter
tne ngnt agnintt Penrose.
Dr. William Drnper Lewis, who with
drew as the Washington party candidate
for Governor In favor of MeCormlck, took
the stump for McCormli k nt Altoona on
Monday. Ho .icciimpnnied MeCormlck
nnd Palmer to Philadelphia, whore tho
Demoi'intlc candidates campaigned for
two dnys. On Wednesday MeCormlck ad
dressed nonp-dny meetings of working
mm. nnd hr nnd Palmer addressed the
Washington Party t'ommittee and ward
workers on Wednesday night. On Thurs
day Palmer and Mcformii-k attended factory-
meetings, nnd nt night addressed
the Pnlmer-MrPormirlc League City Com.
mittee On Thuisdny night also the Pnl-mer-MrCormlck
Committee of One Hun
dred, nt .1 dinni-r at the Hellevim-Sfat-fiid.
diHcusced campaign finum-es.
Hem ('. N'iles. of York, entered the
i.impalgu to aid Palmer In the light
against i-enrnse i'lieuioi' I'orter on
Thurfla ordered the lce to iainas
everv district in Philadelphia to discover
an Illegal Penrose ntes that may have
been included In the lists used on the
ree-ibtrntion days.
MOBILIZING TOR THE
From the New York World.
DOVE BROUGHT
COURSE OF THE
EUROPEAN WAR
Military and Naval Operations Con
sidered in Relation to Their
Effect on Whole Situation.
War operations In France this week
were devoted largely to flanking anJ
counter flanking movements character
ized by terrific fighting, as each advance
met with stubborn resistance. No de
cision was reached In tho great conflict,
first known at the Battle of tho Alsno,
and now as the Battle of tho Seven
Rivers.
. Tho feature of tho week was tho north
westerly trend of the battle line and tho
violent effort of tho Germans to sweep
down thtough Belgium and outflank the
Allies. This apparently has failed, al
though much ground was gained by the
Invaders. On tho other hand the Allies
have pushed their lines to the northwest
and are endeavoring to cut off tho Ger
mans operating against Antwerp. The
movement means the shifting of tho great
battlo to Belgian soil. And this has
caused a lull In activities on the German
left. Almost no fighting has taken placo
In the region of the Vosges.
A surprise of tho week was the sudden
appearanco of a strong German force
near Llllo on the Allies' extreme left,
threatening lines of communication with
French coast towns. The Allies were
forced to retire at some points, but re
gained tho lost ground after several days
of fighting. Apparently the new movement
by thj Invaders has removed the proba
bility of the Allies' relieving the slego of
Antwerp.
Moi? dependable accounts have como
from tho southern field of war. An Aus
trian army has advanced Into Poland,
where it was Joined by a large German
force from Silesia. Tho combined forces
engaged In a bloody battlo with the Rus
Muns along the Vistula, northwest of Cra
cow, but this conflict Ib only preliminary
to the grent claS,h which Is due for pos
session of Cracow. A new Russian army
has moved toward Thorn In East Prussia,
a great stronghold, regarded as the key
to Poen and thenco Berlin. Tho Austrian
German Junction tame as a surprise to
tho Russians and may defeat the move
ment against Thorn.
In Eastern Galicl.i tho Austrlans have
been pushed nearer to Cracow nnd the
Russian advance has crossed the Donajec
River, captuilng Tarnow and other towns.
In tho west Przemvsl has succumbed to
the Russian bombardment, according to a
lato, but unconfirmed, report. Russia has
reported further progress In the Caipa
tiiian passage, but successful invasion of
Hungary Is denied at Vienna.
MONTICELLO
As to making Montlcello an occasional
residence of Presidents why not? It Is
In Virginia In near enough proximity to
the National Capital to mnke It con
venient for such a purpose. Its historic
associations lend nn added phase of suit
ability to the project. It la wvll worth
considering. Buffalo Times.
Montlcello was the home of a man who
had much to do with shaping the early
hUtor.v of this nation. It should be pre
served and it should be owned by the
nation Hartford Post.
If the propeitx be purchased by tho
Gov. mment it should be to commemorate
the greatness of .lefTeigon nml of him
alone, and it hould be ion verted into a
national shiine, an hlstotic spot to which
patriotic Americans of all shades of po
litical opinions might feel free to go at
nnv time to pn their tributes to (he mem
ory of ono of the founders of this great
republic. Springfield Union.
From ttat Wahlnitcn Star
FALL CAMPAIGN
IN COMMERCE
AND FINANCE
Events Significant of Present nnd
Future Conditions in the Bus!'
ncss World.
This week tho Federal Reserve Board
announced that Class C directors had
been npointed for all of tho 12 Federal re
serve banks. Actual work of organiza
tion has already begun In several cities,
all tho directors of Uie 12 new institutions
will confer with thi ederal Reserve
Board In Washington on October SO on
plans to placo tho banks In operation.
It Is felt that with the Inauguration of
the new banking system, which, as re
lieved, will be placed In actual opera
tion tho early part of November, bank
tredlt will bo restored by bringing the
leading banks within their full legal re
serve. Under tho new currency system
teserves of hanks will bo cut down con
siderably, and this will be a very favora
ble Influence, especially at the present
time.
Stops were taken by banks In all cities
In response to tho call of the Gold Fund
Commltteo for 25 per cent, of the nllotted
contribution to the $100,000,000 gold pool
for the relief of the foreign exchange
situation. Philadelphia's first subscrip
tion, $2,000,000. waft deposited at the Clear
ing House In four hours, where It now Is,
at tho disposal of tho committee. That
the gold has not been called for would
seem to Indicate that conditions aro be
coming batter, or else that the subscrip
tions of other cities aro sufficient for the
moment. The quick action of tho Phila
delphia bankers shows more conclusively
than It has probably ever beforo been
demonstrated that the banking methods
of the Quaker City bnnkers are good and
that the banks are In sound condition,
A delegation of bankers from tho cotton-growing
States met In St Louis on
Monday and ratified the plan for raising
a cotton loan fund of J150.000.000. The
plan now awaits tho approval of tho
Secretary of the Treasury and the Fed
eral Reserve Board. It has the approval
of President Wilson.
The bill creating the Bank of Texan,
with a proposed capital stock of $5,000,000,
for relief of the cotton situation, was
defeated by the Texas Legislature. Dur
ing the week the New York Cotton Ex
change completed a tentative plan for
taking care of outstanding contracts In
futures. The plan, if It is ratified by tho
members of tho Exchange. Is expected to
permit reopening by November 1. Two
syndicates will be formed to underwrite
the cotton represented by "long" con
tracts and to work In preventing heavy
losses by firms with many obligations
outstanding.
A statement Issued by Secretary Mc
Adoo on Tuesday showed that tho pre
vailing rate of Interest on loans of na
tional banks to correspondent banks In
most of the financial centres was 6 per
cent. Philadelphia was given a clean bill
of health. It was stated that no case
had been reported where a bank In this
city had charged more thnn this rate.
The Now York, New Haven nnd Hart
ford Railroad started suit against John
L Blllard and rive other officers of the
Blllard Company to recover $3,824,147 In
connection with the sale of the Boston
and Maine Railroad. Within a week It
Is expected that tho decree providing for
the dissolution of the New Haven will be
filed In New York.
Stockholders of tho Canadian Pacific
Railway voted to increase the capital
stock $75,000,000 to $335,000,000.
The fortnightly bulletin of the Ameri
can Railway Association showed thnt on
October 1 there was a net surplus of idlo
freight curs on the sidings and In nrds
of railroads In the United States and
Canada of 131.027. compaied with 136.040
on September 15, a decrease of 5032 Al
though this decrease is not large jet It
shows that a little more fi eight Is mov
ing, and the freight business Is the main
stay of the railroads
The Government crop report, which was
Issued on Wednesday, showed tip well
We aro now vlrtunllj assured of a bump
er wheat crop, the greatest In the coun
try's history. This crop comes at a very
opportune time. Of course, we will have
a very large surplus that will not be
needed, and will be wanted by Europe
This should go a long way toward help
ing our foreign credit. The Indicated
ield of wheat, spring and winter Is
S!)2.000,000 bushels, against the final of
7ffl.3S0.Oi''0 bushels in 1913; corn. 2.67S.O00.OOO
bushels, against a final last ear of
2.416.0SS.0OO bushels.
IX PHILADELPHIA
World i series baseball games and a,
boom in the business of locnl manufac
turing plants were prominent in the
week's news In Philadelphia.
Thousands of persons arrived in tho
city to witness baseball contests between
the Athhtics and Boston team As in
foimei ears scandal has accompanied
the adnnce sale of tickets, this rear the
r.oll, e tielm; Implicated to a considerable
xtent. The customary high prices pre
vailed among sei ulators holding choi, e
sents
The fnlted States rjovemment has
given considerable business, to Philadel
phia concern this week. A large .part
of the armor plate to be used n tin
new dreadnoughts, the California. Missis
sippi and Idaho, will be manufactured
nt the plant of the Midvale Steel Com
pany in Nleetown. Contracts haie heen
awarded that firm amounting to $".''. vi
The New York Shipbuilding Compnn"
of Camden will huild one of the two
dreadnoughts, bids for which weie opened
by the Navy Department list week Tie
big battleship to be constructed on tli
opposite side of the river will i ost
$7 ITS.uOi)
The Frankford Arsenal land item, it
was announced by the Secretary of War,
will this jear be Included In the sundry
cmi estimates budget. This marks tha
I achievement of years of effort on the
I part of many organizations In Frankford
! The new tract of land Includes 29 aeres
and will give the arsenal a frontage .n
the Delaware River
Kensington, the great mill dlstn-t of
r hiladelphia. reported that its sMoi a art
l.erailng nt from ft) to 7" pr inn f
tMen capacity. The manufacturers siv
i.at this is hetter than for om tlm
) i.--t '", nildenee Is expressed, ei, nil
I uph steiy manufaetui ws, cloth urn
ei s an. I hosier makers.
Peeper usjtemays for the Camden V
J . haibor have been fanned by t !:.-, ,m
nnment, and the harbor U to he 'm
proveij. The work will est tvi 0"" r-f
which the It) must piy SlS.mn It
expected that the work will be iart.-d
toon
The city-wide campaUn for ,-afe'y
. first' received a de, ided Impetus ih i
week when Judee Sulzberger In his
charge to the Grand Jny, scathing!' de
nounced Councils for its neglect of i e.1. -
trlan safety b feihnff to pas.' Ui
reulattn$ the spetd of motur-.lru .-n
chicles
I A record for dumping coal into the ho 1
of vessel was established at the ,.een
! wicn coal piers of the f'cnnjw4 i
uuliroaxi company wjisn. by a nr -.
"proce. &5fl) tons wsre dumped in four
hours. A vessel, tile Castle Brute, dorkel
at the piers at 9 o'clock in the innrmnsc
and by o'clock in the afternoon w .s
ready for Ma-
The Philadelphia Housing Com i in
charged Councils will, permitting . ,., l
g.a4 ts-bredius; loaditious whu h ,
fgi4 to exist tn various sections i
city. The a Councils tuts fulij
provide for the maintenance .,( u
Division of Housmst dud Hunltation
infant saortalit rtcoois of i'tiiUild, t
for the Last nine months ilira an in -of
S74 over the preceding equal p- 1
despite crusadeg against si-kne ,
children Tht toi numb i of dt .i 3 -,
the ranks cf little folk as 17 to
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