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EVENING LiaiXJER PIULAUKLPUIA, WJ3DNBHDAY, DECEMBER 9, 1914.
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(BPWT?-
M'ADOO'S REPORT
HINTS OF TAX ON
(1R0SS INCOMES
Suggests Possibility of
Amending Present Law.
.Tells of Emergency Pro
visions and Says Catas
trophe Was Narrowly
Averted.
WASHINGTON, Dec 9. Secretary Mc
Adoo's annual report on the state of tho
Government (lnances, made public today,
reviews the financial aspects of the war
wills and the emergency measures taken
fflcls.ll and by banks and other In
Itrests throughout the country.
Mr. McAdoo points out that steps are
cine taken for n. more complete collec
tion of the Income tax, and hints that
lie ,mny urge an amendment calling for
returns on gross Incomes, Instead of net,
as at present.
IHs report Is in effect a chronology of
emergency steps taken after the outbreak
tf tho war. In addition to being a state
ment on the various activities of the
Treasury Department
"The outbreak of the European war,"
ays tho report, "precipitated many
grave .problems. International credits
nd exchanges were completely disorgan
ized, tocean transportation was for a
time partially paralyzed, the entire busi
ness and economlo structure in this coun
try was .shaken to Its foundations, and
A catastrophe of enormous proportions
was narrowly averted.
"It Is a tribute to the economlo strength
nd soundness of the country and to the
patrlotlsVn of its people in every class
and walk of life that the shock has been
o admirably withstood.
"A panic of cataclysmic proportions,
might easily have resulted, and, if It
had, the Injury to the country would
have been Incalculable, and many years
would have been required to overcome
its effects. Through the prompt and ef
fective action of the Treasury Depart
ment, and with the cordlaPTfiid Intelli
gent co-operation of the banking and
business Interests of tho country, the
danger has been averted. Confidence
has been restored and specie payments
have been maintained in the face of the
world.
"At no time since the war broke out
has there been, to the knowledge of this
department, with the exception of a few
isolated cases, a failure on tho part of
any solvent national bank to honor its
checks In currency or money, or to meet
its obligations.
LOOKS FORWARD WITH CON
FIDENCE. "The general revival of business
throughout the country Is the best evi
dence that confidence has been restored.
Interest rates have come down from the
high level to which apprehension had
lifted them, restriction of credits has dis
appeared, foreign exchange has reached
a. normal basis and a feeling of optimism
pervades the business world.
"There is every reason why the country
should look to the future with confidence
o far as Its trade, commerce and In
dustry are concerned. This has been ac
complished, notwithstanding the fact that
tho Federal reserve system authorized by
the act of December 23, 1913, was at that
time In process of formation, and was
therefore unable to render any service in
tho situation."
Secretary McAdoo then recounts tha
te,pa taken by ,the department and by
unBreis since mo ci
Tork Stock Exchange.
THE COTTON ritODLEM.
"It was realized.", says the Secretary,
"that the cotton problem was Involved
In that of foreign exchange, and It had
arly become apparent that unless the
price of London exchange could be re
duced from the high leol then obtaining,
the Interests of our people would suffer
seriously. The war found our business
men and bankers Indebted to London in
the sum of approximately Jt50.000.000 ma
turing by January 1. 1915.
"The city of New York owed S0.00O.000
In London and Paris, maturing In that
period. A fund of JICO.OOO.OOO In gold was
raised to meet the. situation. This, to
gether with the Increasing export trade
or the United States, has had a salutary
effect In reducing the. price of exchange
to a normal basis. This, In turn, has
produced a favorable effect upon the for
eign demand for cotton."
Qrt August 10 the Federal Reserve Hoard
came into being and with respect to It.
Mr, McAdoo sajs that It has taken hold
of the many problems confronting It
"with vigor, loyalty and Intelligence, and
I believe It will render services of tha
greatest value to the country," he adds.
Jfe calls the reserve act the most im
portant piece of legislation enacted since
the Civil War.
Interest on crop moving deposits for
the fiscal year of M totaled 91,409,423.
compared with JlK.zW in MIS. tho increase
being due to the fact that beginning with
June, 191J, Interest has been charged
upon all public deposits at the rate of 3
per cent, per annum. The war rlskvbu
reau has proved successful, according to
ir JUCAQOO.
CALLS TARIFF A SUCCESS.
Collections of revenue for the fiscal
Tear ended June 80, according to Mr.
JleAdoo, show the success of the tariff
xt. It; was estimated to produce Iq Us
first year 1370,000,000. and there waa actu
ally produced In excess of the estimates
tM8!0,015. The income tax law lias
tjreught n S2g.X3,K6 on individual in
comes, and 113,127.740 on corporations.
The Treasury Department Is making
a careful Investigation of the facilities
by parcel post or registered mall for the
transportation of all moneys and saourl
tles between the Treasury, the mjbtreas.
Dries and the banks. From test ship
ments already made a saving has been
tfaoUd, Mr. McAdoo says.
The expenditures on account of the
Panama Canal during tha fiscal year
amounted to $34Sf,S4i. and there was no
tala of additional bonds. The total
mount expended for it canal from the
general fund to June JO, 1511, reimburs
able from proceeds of bonds not yet sold,
was MUM.065.
The ordinary receipts for the fiscal year
li aro estimated at rrsa.OOO.OOO, inejud.
iftg tt&GOO.OCO from customs. The ordU
aasy receipts for IMS are estimated under
existing laws at 735,000,090. In tb estl
tnate eustems receipts are figured at
0W.. The total reets for M.L
jpUiMM to UHt.
TWENTY-NINE SUSPECTS
ARRESTED IN A RAID
rollce Spread Net in Search of Band
of Store Bobbers.
Led by Lieutenant Btlnger, of the 10th
and Duttonwood etreeta station, 10 de
tectives and special policemen In search
of "yeggmen" who cracked a safe at the
Rllcer-llegeman drug store, on Market
street, on Sunday night, and carried off
18)00, and attempted to get In to the safe
In, the piano store of Howard Vincent,
8JS-40 North 6th .street, early yesterday
morning, spread a net over tho Tender
loin late last night and rounded up 29
suspicious characters.
Five patrol wagons were required to
tako them to the" station house and when
they were searched considerable Jewelry
was found on them. Harry Jacobs, alias
"Ace In the Hole," who hns often been
In the tolls, onco more fell Into the hands
of the detectives. Lieutenant Stinger1
said many of tho men caught were known
to be thieves or pickpockets, while others
gavo New Tork addresses, and the local
police will get In touch with the New
Tork authorities to learn whether any of
the prisoners are members of a band of
gunmen reported to be on its way to this
city.
After having their pictures taken for
the Rogues Gallery, the men will be
tnken back to the 10th and Duttonwood
streeta station for a hearing before Magis
trate Belcher.
HERRICK ARRIVES;
PROMPTLY VETOES
PRESIDENTIAL BOOM
Ex-Ambassador Declines to
Make Political Capital
Out of His Services in
Paris.
NINE NATIONS BAND
IN AMERICAN UNION
TO SAVE COMMERCE
Diplomats Form Committee
to Consider Plans for
Neutralizing Seas as Safe
guard During War.
WASHINGTON, Dec. 9.-Real(zlng the
futility of expecting the warring coun
tries In Europe voluntarily to neutralize
the oceans of the Western Hemisphere,
the Pan-American Union was today seek
ing some other method of keeping Euro
pean and Japanese warships on the other
elds of the seas.
A committee, made up of Secretary of
State Bryan and the Brazilian, Argentine
and Chilian Ambassador, and the Peru
vian, Uruguayan, Ecudorlan, Honduran
and Cuban Ministers, Is wrestling with
the problem.
Tho most important step In bringing
about this neutrality was accomplished
when the governing board of the union
adopted the project of the Argentine Re
public to create a special commission to
study problems growing out of the war.
DESIRE OF COMMISSION.
Tho following resolution was presented
by Dr. Romulo S. Naou, Ambassador
from the Republic:
Tho governing board of the Pan
American .Union declares:
That the magnitude of the present
European war presents new problems
o: International law, the solution of
which Is of equal Interest to the entire
world.
That the form in which the opera
tions of the belligerents are develop
ing redounds to the injury of neutrals.
That the principal cause for this re
solve Is that the respective rights of
the belligerents and of the neutrals
are not clearly defined, notwithstand
ing that such definition Is demanded,
both by general convenience and by
tho spirit of Justice, which doubtless-
closing of tho New y ly animates the belligerents with re
spect to tne interest or tne neutrals.
That considerations of every char
acter call for a definition of such
rights as promptly as possible upon
the principle that liberty of commerce
should not be restricted beyond the
point indispensable for military opera
tions. On these grounds the governing
boaid of the Pan-American Union re
solves: A special commission of the same is
hereby appointed, to consist of nine
members, ,of -which the Secretary of
State of the United States shall form
part, acting as chairman thereof ex
officio. This commission shall study the
problems presented by the present
European war and shall submit to
the governing board the suggestions
it may deem pf common. Interest. In
the study of questions of a technical
character, this commission will con
sult the board of Jurists.
Each Government may submit to
this committee such plans of suggested
resolutions as may ho deemed con
lenient on the different subjects that
circumstances suggest.
NEUTRALITY COMMITTEE.
Following the adoption of this resolu
tion, the Pan-American Commission was
named. It Is composed of:
William J. Bryan, Secretary of State of
the United States, chalnnan ex-offlco,
Domlclo Da Gama, the Ambassador from
Brazil.
Don Eduardo Suares MuJIca, the Am
bassador from Chill.
Dr. Romulo S. Kaon, the Ambassador
from the Argentine Republic.
Dr. Carlos M. de Pena, the Minister
from Uruguay.
Dch Federlco Alfonso Peset, the Minis
ter from Peru.
Dr. Gonzalo S. Cordova, the Minister
from Ecuador.
Dr. Alberto Membreno, the Minister
from Honduras.
Dr. Carlos Manuel De Cespedes, the
Minister from Cuba.
NEW YORK, Dec.S. Myron T. Herrlck,
former United States Ambassador to
France, arrived from Europe today on
the liner Rochambcau and nn ofTlclal re
ception and the freedom of tho city were
tendered to him In recognition of his
valuable services In Paris during the
early days of the war.
Mr. Herrlck put his foot down hard
upon the Presidential boom, which had
been launched in his favor by friends and
followers. When questioned as to his at
titude he declares!
"I don't care to talk about such a
nonsensical proposition. If thero Is any
credit due me for what little I have
dono I have no desire to capitalize It
and shall not do so."
The retiring Ambassador was emphatlo
In his expression of appreciation of the
llboratlty of the American people to the
victims of the war In Europe, but criti
cized tho method of distributing Amer
ican relief abroad, saying it lacked or
ganization and system.
Mr. Herrlck was met at the pier by a
committee of 40 prominent persons from
New York and Cleveland, O., headed
by Mayor John Purroy Mitohel and W.
H. Truesdale, president of the Ohio So
ciety; Dock Commissioner R. A. C.
Smith went down the bay on a tug
and boarded the Rochambeau, where he
Informed Mr. Herrlck that certain for
malities would be waived.
Mr. Merrick, with his wife at his side,
wan standing at tho ship's rail when the
liner edged Into her pier and received
an enthusiastic welcome. This seemed
to embarrass the ex-Ambassador, and his
diffidence was further shown when asked
to talk about what ho had dono. Just
as ho left France tho Government had
conferred the Grand Cross of the Legion
of honor upon him for his services in
behalf of foreigners In Paris. Mr. Mer
rick refused to say anything about this
honor.
WATER CONSERVATION BILL
BEFORE SENATE COMMITTEE
Indication of Strong Opposition to
Measure In Present Form.
WASHINGTON, Deo. 9. The Senate
Public Lands Committee today began
hearings on tho so-called water power
bill, the first of the conservation meas
ures mentioned by President Wilson In
his address to Congress yesterday, which
already has passed the House. From
the beginning It was evident there would
be strong opposition to the bill In Its
present form.
Senator Clark, of Wyoming, suggested
that the measure should be amended so
that If nn applicant for a lease for n
water power site" on the public domain
compiled' with all the regulations laid
down by the bill and the department,
the Secretary of the Interior should be
compelled to grant the lease.
Edward C Finney, of the Interior De
partment, replied that he thought some
discretion should be lodged with the Sec
retary of tho Interior.
Among those who will appear as wit
nesses at tho hearing are the Governors
of Utah and Colorado, Gilford Pinchot,
Secretary Lane, of the Interior Depart
ment; ex-Secretary of the Interior Wal
ter Lv-Flsher and Clarence M. Clark, of
Philadelphia.
GARGOYLE SAILS TODAY
UNDER AMERICAN FLAG
Shipping1 Men Believe Big -Tanker
Will Be Seized.
The tank steamer Gargoyle leaes here
today on her first voyage under the Amer
ican flag. Odds are being given that the
vessel will be seized as soon as she Is free
from tho protecting waters of the At
lantic coast.
The Gargoyle was formerly the Ger
man steamship Pennoll. She was owned
by the Pure Oil Company, and hailed
from Hamburg, She was bought by the
Vacuum Oil Company and placed under
the American flag In accordanco with the
Act of Congress of August 1!.
The Stars and Stripes were raised over
her yesterday. She now halls from New
Tork. Captain Gideon S. Jefferlei and his
crew of HO men are all Americans, The
vessel Is scheduled to take her cargo of
nearly two and a half million gallons of
on to Alexandria, Egypt.
Jersey Farmer Dies of Injury
MT. HOLLY, N. J Dec. 9.-John B.
Evans, a farmer near Birmingham, died
at the County Hospital from a fracture
of tho skull received this morning when
he was thrown from a train which he
rattempted to board while It was in
motion at Birmingham station.
SCHOOLS AM COUffKHf
MBLAMtWIA
Pfivat I usni C?U auric.
MODEKN HANCINO
FRED W. SUTOR
Maitre De JDanso
ASSISTED BY DOROTHY RUDDACH
Claia or prlvata Ituogi In the ultra,
modern ball room dances, Spruce 4283.
STODIO 1481 'WALNUT STREET
BLANCHE WEST
ALl. TUB MODERN DANCE3
Studio. 1820 CHESTNUT ST , can be ranted
for aalact prlvata dancea. Phone. Spruca STa.
WANT TO FOItll TOUR OWN CLASS
r taka a Strictly prlvata Laiaon Coaault
Arm-I3ruat, Cbeatnut St.. 1118.
SPECIALIST lu up-to-the-minute dances.
Jeweled
Wrist Watekes
Beautiful Bracelet Watches
Set in Blafmum with Diamond and Sapphirei, Combining a
Jeweled Ornament with a Practical Timepiece,
Prices $450:22 to $Z0(ffi
f
SoU Bracelet Watches, $23.00 to $100,00
'Fan Dusen & Stokes Co.
1123 Chestnut Street
wmmmmm
Store Opem 8iS0 A. M.
WANAMAKER'S
Store Closes ? P. M,
"To Wanamaker's, to Wanamaker's
With Our Christmas Lists"
Another JLot of 400 Famous
'Martha Washington' Sewing
Tables
Ready this morning at $12 each.
Made of solid mahogany in the famous Cowan
factories in tho Cowan way, but priced a shade lower
than one-half of what the original Cowan sewing table
Bold for.
(Fifth Floor)
Plenty of Christmas
Suggestions in These New Silks
For instance, a dress pattern from a fresh assortment
of very pretty crepes de chine, 40 inches wide, and only $1.25
a yard.
Or the new peau satin which makes such attractive tub
frocks and men's shirts, 1.25 plain and $1.55 checked.
Every woman likes lingerie crepes. They come with multi
color stripes, and are $2 a yard.
New 1915 foulards are unusually pretty this year, and
,they are $1.50 and $2 a yard.
New plaid silks for entire gowns, combination gowns
and waists, also fancy bags, at $1.50 and $2 a yard, and the
fascinating lining silks with printed patterns for negligees
and linings, at $2.60 a yard.
(First Floor, Chestnut)
Slippers
for HIM
Main floor, Market
Slippers
for HER
Main floor, Market
Slippers
for the Little Folk
Subway Gallery, Market
Certain Christmas
Umbrellas Cost But
$1.50 and $2
They are our special $1.50 piece
dyed taffeta umbrellas for men
nnd women, and are strongly
made with natural wood or fancy
handles.
"Sample handle-" umbrellas, so
popular we can hardly get enough
of them, are $2. They are also
piece dyed taffeta and nave han
dles of much more expensive
grades. Both men's and women's
styles.
(West Aisle)
Albums for
Photographs
Tho favorite is a "loose-leaf"
album, but we have a splendid
stock of all sorts for gifts.
Prices are 25c to $3.50.
(Main Floor, Central)
Reliable Furs
That Cost Little
Black coney neckpieces are $3 to $7.50 ; muffs, $5 to $12.
Kit coney Kit is a dark or taupe-gray color neck
pieces, $4.50 to $7; muffs, $5 to $9.
Skunk dyed racoon is one of the most durable of inex
pensive furs; and neckpieces of it are $10 to $25; and
muffs $10 to $25,
Natural raccoon neckpieces, $10 to $30: muffs, $15 to
$30.
Besides which are natural and blue wolf, Persian paw,
pieced caracul and Japanese mink.
(Third Floor, Chestnut)
A New Silk Blouse Has
a Removable Guimpe
Something many women have wished for for some time.
The waist is soft messaline, navy blue or black, opening
down the front to show the guimpe, which is of cream-colored
net with a high ruffled collar and cuffs. The price is
$7,75.
Two other new waists that would make delightful gifts
are of cream shadow lace over pink chiffon, made in fichu
effect, $5,50, and a very smart crepe de chine blouse in the
new sand color with a collar of white faille silk that may be
worn high or low. It is $5,
(Third Floor, Central)
Boys' Winter Suits
Special at $6
A Jittle collection including Russian blijuse suits, sajlor
blouse suits and man-o'-war suits in shepherd checks, blue
serges and fancy mixtures.
A$ $6 they are several dollars less than the regular
price,' ffaphojis of 2Vfc to 10 years.
(I'lrat Floor, Market)
GJtAND ORGAN plays Christmas music
(with the new chimes) every morning at 8.80,
That is just the time when wisest people start
their Christmas shopping1.
J
You Can Make a Man Happy
With a Fine House Goat
It is one of the things that almost-every man wants but
few think to buy for themselves.
This year there is a greater-than-ever demand for house
coats and we have a better-than-ever assortment.
In doublefaced cloth of handsome design, with silk frogs
and trimmings, prices range from $5 to $12.
Velvet house coats, silk lined, and in a variety of rich
colorings, are $18 to $22.50.
(Slain Floor, Market)
Women's Fur NCollar
Coats for Presents
Every year at this time we get in certain rich and digni
fied looking black broadcloths with fur collars so many
people want something of the sort for "Mother's" Christ
mas present.
This year the collars are Hudson seal sheared muskrat
and the price $35.
Two other styles of coats with fur collars a black
plush and a black caracul are both wonderful for the price,
$25.
Two styles that would suit younger women very well
are black and navy corduroys at $30, and black broadcloths
at $25. Both have skunk-dyed opossum collars.
(First Flour, Central)
Toys! Toys! Toys! Toys!
and Dolls! Dolh! Dolh!
in the wonderful two floors where Santa Claus 'f
is keeping store with all his latest and best
goods.
(Third and Fourth Floor, Market)
Newest Two Shoes for Men
Smart Very Smart!
An all-patent leather lace boot, with long, flat forepart
and a pronounced air of slim elegance. $8 the pair.
Dull black calfskin lace, with sand color cloth top. Black
calfskin lace stays, perforated vamp and punched tip. $8
the pair.
These are the last word in men's boot making.
(Slain Floor, Slarket)
QO far as we can see and compare and our com
3 parings havtejbeen careful and just
Every Wool-Filled Quilt in 0r
Stock is Priced Below the
Retail Market Valuation,
If we are in error, we shall feel obliged for befc$ mt
right, but we don't think we are.
In round numbers there are about 500 Ywofilld quilts
now on these tables, with plenty of others In rjpr8.
Prices from $2.75 for dm covered wifch 4$tgja, with a
sateen border, up to $150 for a r$$m maglwnt suttfc i a
rieh satin covering, adorned wife Ckmy If; every quili; fet
the assortment a gift that alalia ftr im iM$i9fte.
JOHN WANAMAKER
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