Evening public ledger. (Philadelphia [Pa.]) 1914-1942, September 29, 1915, Final, Page 8, Image 8

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    ALUESUMN
BONDS WILL BE
, FLOATED SOON
Syndifcate Headed by J. P.
Morgan Preparing to Put
v! Project on Market
Will appeal to people
tfpl Value of Transaction Will
Bo $355,000,000 When Cost
Is Deducted
MEW1 TOItlt, Sept 23 -Representatives
of England and Franco enme to the
United State reeking a billion-dollar war
IdaW,' arfd ttiey got a loan, the ultimate
net vafue q( which will be 3S8,0OO,0O0
when the-premiums and Interest are paid.
On th( bails of the agreement England
nod France must pay 125.000,000 annually
a Interest on the hatf-bllllon-dollar loan.
This Was the chief topic of discission In
Wall street today, following; tho formal
announcement of tho completion of the
roost fgantlc loan ever neRotlated.
Following tho formal announcement of
the Anglo-French Credit Commission that
a war loan had been secured, tho work
preliminary to putting the bonds upon
the. market was begun today by a abdi
cate headed by J, P. Morgan.
This U not a loan for capitalists exclu
sively. The pcoplo'a, money will bo so
licited. J, P. Morgan & Co. announce
that the bonds will be Issued In denomi
nations as low as $100, payable in Instal
ments, MONEY MARKET SArE.
Bankers declare that the money market
will not Be disturbed by the loan, and
that the rate of exchange of pounds
starling and francs will be stabilized.
Money subscribed to the loan will be
kept in American banks to bo checked
against by the French and British Gov
ernments. Russia will not participate, but no bar
has been placed upon tho expenditure of
the money for arms and ammunition, as
well as for grain, clothing and other ne
cessities. Every effort Is being made by the al
lied governments to make the loan popu
lar In thU country. Tho desire to stim
ulate Interest In the West was one of
the "reasons that Baron Reading and
other members of the credit commission
went tp Chicago. The commissioners also
made a concession In granting postpone
ments, which will make the bonds yield
investors 6M per cent. At first they de
claredAthey could not pay more than 5
per cen to the buyers of the bonds.
BABY BONDS FAVORED.
Special efforts will be made to place the
"baby bonds" of J10O denomination among
email Investors throughout the country.
Formal notification has been made that
they will be free of all taxes In both
England and France.
This Is tho first external loan placed
by the Allies since the war began; but
the cfiprts made to popularize this one
Indicate that. If tho war goes anot'ier
year, the Allies will bo seeking more
money here In the meantime.
"Alexander
Are
X
.ir
EVENING!
FMLADEIjIHIA committee
ON ALLIES' LOAN NAMED
Drexel & Co. and Brown Brothers to
Take Charge of Work
Drexel & Co and Brown Brothers have
been appointed as the committee for
Philadelphia to organize groups of banks
and Investors to float the 100,000,000 loan
or the Allies for this district.
According to a member of the Morgan
firm, the task of floating the big loan
has made good headway, one national
bank In New York having received re
quest for 110,000,000 worth of the new
securities.
Bond experts regard the Anglo-French
notes as a moat attractive Investment,
and the Issuing of them In denominations
ai small as 1100 will, they say, make them
very popular and will serve to creato
a very wide market. It Is only In recent
ears, they point out, that $100 bonds
have been Istued In tho United States,
and this only In connection with minor
Issues, but the tendency In the bond
market for the last few years has been
toward an adoption of the French custom
of making all bond Investments popular
by placing them within the reach of the
humblest Investor.
KUEHNLE LOSES HIS
FIGHT AT THE SHORE
Former Boss of Atlantic City
Beaten in His Own Ward on
Vote for Magistrate
ATLANTIC CITY, N. J, Sept .
"Commodore" Louis Kuehnle, who for 15
j ears held the city In the hollow of his
hand, politically speaking, carried only
threo of tho nine precincts of his home
district, the 2d Ward, csterdny, in his
fight with the City Commission
Kuehnle espoused the cause of John J
Smith, secretary of tho Young Men's Re
publican League, for Magistrate, against
J. 8. Jagmetty, who had the backing of
Chief of Police Woodruff. Woodruff lives
In Kuehnle'a division.
Smith's defeat by IS out of more than
1009 votes cast places Kuehnle In the po
sition of being forced to make a fight for
the leadership next Aprlt or be political
ly eliminated Kuehnle'a friends believe
he used the magistracy fight to get a lino
on his friends and foes, and will now
begin the construction of a new machine
to fight for control of tho City Commis
sion, to bo elected In April.
Kuehnle today commented grimly upon
the fact that the so-cnlled reform admin
istration at City Hall used the police yes
terday wherever there m contest.
Former Major S Rnrtram nichards. a
Phlladclphlan, defeated George Oum
phcrt, also a Phlladclphlan, for the nom
ination for Councllman-at-large In Vent
nor City, by 24 votes.
NINE DIPHTHERIA CASES
Three More Found Suffering With
Disease in Lansdalo More Pre
cautions Taken
Discovery of three more cases of dlph
thercln In Lonsdale today brought the
town face to face with the need for tak
ing measures to prevent further spread of
the disease. Nine cases are now known
to exist In the borough and the presence
of more Is suspected
School buildings have undergone fumi
gation. All public meeting will be pro
hibited If the borough Council takes no
tion which Is demanded In some quarters
The latest victims of diphtheria nre
Nelson Wllllnms, 7 jcars otd, and his
sister. B ears, children of Tony Williams,
nnd Ralph, the 4-year-old son of Horace
Cressman.
World's Series Reporters
PUBLIC LEDGER
. t
kfer:
e
T,EnnEK - PHILAPELPHIA, WE-DNEP" 13 P Tin r RE
JUNEYMENtoE
FINAL PLEA AGAINST
PROHIBITIVE LAW
Judge Patterson Hears Final
Argument in Suit to Re
strain Enforcement of
City Ordinance
ATTACKED AS UNFAIR
Counsel for Petitioners Calif Statute
Discriminatory Ryan Urges
Modification
Final arguments were made before
Judge Patterson today In tho suit In
equity brought by the Philadelphia Jit
ney Association nnd the South Philadel
phia Jitney Owners' Association to re
strain the city from enforcing the conn
cllmnnlo Jitney ordinance. Upon the de
cision of Judge Patterson rests the fate
of the Jitneys.
Michael Francis Doyle, for the Jitney
men, said the ordinance was prolnbltlvo
nnd not regulative, nnd aigued from this
that Councils had no nuthority to pass It
He quoted many precedents and decisions
and went Into the case at length.
The Jitney ordinance aa now on the
statute books, Mr DoIe held, was trade
reflation, something outside the Juris
diction of, Councils Judge Patterson
seemed to bo deeply Impressed with this
line of argument. He Interrupted once
to ask Mr Dolo whether he thought
tho city might say with nuthority that
no Jltnnys might run under any condi
tion Sir. Doylo replied In the negative.
He snld at present the law discriminates
In favor of tho man who can afford to
pay a higher price. The argument will
bo concluded today. In all probability,
and the Jitney men aro confident of suc
cess.
COLLOQUY OF CITY COUNSEL.
Assistant City Solicitor Wolf nnd Tlrst
Assistant City Solicitor Lowengrund got
Into an amusing argument with Judgo
Patterson when tho former stnrted his
nnswer to Mr Doyle's contention Tho
Court asked, after Mr. Wolf declared tho
cltv had the right to prohibit tho run
ning of Jitneys absolutely, whether he
thought the city could order Jitneys to
run between or In cemeteries, where It
would be Impossible to get any passen
gers "Certainly," said Mr. Wolf, "In my
opinion."
At this point Mr. Lowengrund Jumped
to his feet.
"I don't want to Interrupt my col
league," ho said, "but the fnct is we're
not trying to moke the Jitneys run
through cemeteries."
Attendants had to use their gavels to
restore order In the court rooms
In his rebuttal Mr. Doyle pointed out
that, as the Legislature had specifically
conferred on City Councils authority to
regulate the ;Itney busses, it automatic
ally deprived 'hat body of the right to
prohibit them Judge Patterson reserved
decision.
RYAN URGES MODIFICATION.
A modification of the Jitney ordinance,
which has driven all but about a score
of the flvc-cents-a-rlde cars from the
streets, was recommended by City So
licitor Rynn In an opinion handed to the
police department yesterday In the opin
ion, which wns requested because of tho
operation of cars on the flve-rldes-for-a-
minrtlr nlnn hv ttlA Pnnl'R Mntnr 71uv
I
The Ledger has commissioned the "Greatest Pitcher of All Time"
and the "Finest All-round Baseball Player in the World" 'to
write for you the inside story of the World's Series.
Grover Cleveland Alexander, the biggest playing factor of the
Phillies, will give you every move of the players on both teams.
just as it happens. Right from the thick of it, the idol of the
Philadelphia fans will give his impressions to Ledger Readers.
Tyrus Raymond Cobb, the most wonderful stick artist and sack robber the
game has ever known, will be Alexander's writing mate. Hewill give you
the microscopic things of the series points that even good players overlook,
and will season his articles with sidelights from his wonderful knowledge of
the game.
Fansl Here's REAL baseball news, collected by the kings of the diamond 1
Don't miss these articles read them every day. Make a mental note now
that Alexander and Cobb are to report the World's Series for the
' -
LOUISE RUDOLPH
CHILD DYING FROM BURNS
Lamp Used by Mother for Heating
Curling Iron Ignites Little
Girl's Clothing
rie-enr-o'l(l Louise Rudolph, of 225
North Amerlcnn street. It djlng In the
Roosevelt Hospital, n victim of burns
which resulted from preparations for n
visit to oe an nunt, to which she had
looked forward with childish Joy Her
mother. Mrs I.oulso lluaoipn, ana ner
4-year-old brother John, Jr, wero also
Beerely burned
Mrs Rudolph was curling her hair In
a second-story room of tho house, heating
tho curling Iron over a lamp With an
explosion the flame leaped to oil on the
sides of the lamp nnd blazed ominously
Mrs Rudolph seized It to throw It from
the window, but her two children, look
ing Into the street, blocked the way.
Then Mrs Rudolph started to run down
stairs, but meanwhile tho bed had been
Ignited
As she ran the flames burned her hands.
Ignited her dress and set lire to tho
clothing of the two children, who fol
lowed her. Little Louise screamed as
the blaze licked up her loose garments
and made her a living torch Attempts to
smother the flames In a tablecloth wero
futile and tho fire victims rushed to tho
street.
Passing In an automobile, Samuel Kar
dan, of 207 Vine street, saw the child,
seized her and rushed her to the hospital.
Iter body was almost entirely covered
with burns.
Olmsted Summer Home Burned
HARRISBURQ. Sept. 29 Cedar Cliff,
the summer home of Mrs Marlln E. Olm
sted, widow of former Congressman Olm
sted, west of this city, wns damaged to
the extent of $1000 by lire this afternoon
Mrs. Olmsted Is In Washington.
Great"
COUNCILS TURN DEAF
EAR TO HALL PLANS
All Chance of Using Structure
as Bait for Republican
Convention Now Gone
Councils, by pigeonholing the Conven
tion Hall plan over the summer months,
have almost certainly delajed matters to
a point whero the big building cannot bo
used ns a drawing card for the city In
the effort to bring tho National Republi
can Conxentlon to this city In 1916.
Several times public meetings to dis
cuss tho advantages of the various pro
posed locations have been promised by
the members of tho Finance Committee,
and It wns generally understood that
such meetings would be ntnong Its llrst
held this fall. With the mono proviueu
by a mnulclpal loan nothing has been
done In the way of an early decision as
to location and plans.
Desplto the fact that the money Is
available, and that a decision as to the
location could readily have been reached
months ngo, the many resolutions urging
action and pointing out tho advantages,
of the three principal locations still
slumber In committee, and no action on
them Is evidently contemplated.
Twenty-fourth and Chestnut streets,
the Orccn street entrnnce to Falrmount
Park nnd tho Allegheny avenue site
would nil be acceptable to Mayor Blank
cnburg, who Is particularly anxious that
nt least the preliminary work be started
under his administration.
When Councils met for the first fall
session two weeks ago resolutions and
petitions urging prompt action were re
ceived from business bodies representing
most of the associations of business men
In the city. These are now resting quietly
In committee, and memDers oi mo
vinnnrn Committee hnve not vet an
nounced any dates for hearings on tho
matter.
THREE STRIKES IN CONNECTION
WITH WORK FOR DU PONTS
Some Workers Demand Five Dollars
a Day and Others Sympathize
WILMINGTON. Del, Sept. 29.-More
than 150 men emplojed nt the du Pont
rnirrlir C!nmnnnv's tin ahons. at Hagely
Yard, others doing du Pont work at the
plant of tho American Car and Foundry
Company, and still others at Carney's
l'nlnt. went on a strike today.
The men at the du Pont plant demanded
$3 a day for eight hours' work, They
have been .earning about $20 a week. At
tho American Car and Toundry Company
the men demanded $5 a day for e'ght
hours on du Pont work. Tho strike at
Carney's Point was a strike In simpnthy
with the men here and the men made no
formal demands
The company will make no statement
on the subject. The men recently Joined
tho Tinsmiths' Union National Organ
izer Lanncn, of Trenton, Is here.
MAN GETS 13,000 VOLTS
Rubber Mat Saves Electrician From
Death in Accident
A rubber mat which ho stepped on ac
cidentally probably saved tho llfo of Mar
tin Weir, an electrician, as he passed be
tween a fly-wheel and a largo switch
board today, at the Philadelphia Electric
Company's plant, 28th and Christian
streets. AVclr was thrown against the
board by air pressure, It Is believed, and
received nearly 13,000 volts.
He was picked up In a semi-conscious
condition and sent to the Polyclinic Hos
pital. He was burned on the feet, legs
and scalp, but will recover. Welf lives
at 3731 North 6th street
It 29, 1015.
wtstar INSTITUTE
CONSANGUINITY
Helen D King, After Long Research and Experiment
tion on Rodents, Says Intermarriage of Close Rela
tions Contains No Dangers of Degeneration
Twenty generations of white rats, bliss
fully unconscious of the fact that the
whole theory of human marital relation
ship may be subjected to a revolutionary
disturbance as the result of the expert-
-.,. it,.. t,v been made upon them,
are basking In their cages out at the
animal colony of tho WIstar Institute of
Anatomy and Dlology at tho University
of Pennsylvania, wtille ft waiting world
holds Its breath to find put "";
"stunts" science is going to perpetrate
In order to startle us next
For a period of four and ft "ft" years
Dr. Helen D. King, a woman, Incidentally,
nnd one of the cleverest research work
ers at the Institute, has been Interbreed
Ing the rodents. Father rats have marr ed
daughter rats; cousin rata have married
cousin rats, aunts have married nephews.
The consequence Is that after a score of
generations of rnts had been experimented
with Doctor King got ft race wh ch. she
says. Is 30 per cent better physically than
ihA ritta Hhft started with.
Since practically all scientific discover
ies of this nature are based on animal
experimentation. Doctor King's work
Is regarded as highly significant
Doctor King herself did not hesitate to
declare emphatically this morning that
the laws forbidding Intermarriage and
the traditions handed down from time Im
memorial that have made the union of
close relatives repugnant, cannot base
their existence on any scientific fact
"For 21 generations," she declared, "I
havo Intermarried a oromer ana eisior
rat The result was that I got ft rat
larger and better physically In every way
No Trading Stamps
are given with
WHS
The value is in the cocoa.
Sold only in tins never in bulk
i-lb. Tins, 20c
4-lb. Tins, 10c
H. O. WILBUR & SONS
Incorporated
Tv" Cobb I !
PROVES BY RATS .
NO WEDLOCK BAR'
than the first ones. A rat Is a mamma)
and man Is ft mammal ; therefore. It Is not
too much to think that the same principle "
can be applicable to each.
Tho contention that tho Intermarrying
of closo relatives la bound to result It
degenerate or Inferior offspring was then
dealt ft body blow by the Investigator
"I firmly believe," she said, "thouth,,
oi course, n nua uuw ltcch inca oui, ihfct
If a brother nnd n. sister, carefully
selected and of a higher type, were to
marry, the result of the union would be a
higher Upe of offspring than from the'
Intel marriage of two other people. Th
opinion regarding the degeneracy ot tht
offspring or sucn a union exists because
the only races who Intermarry are
degenerate races and therefore you set
a race of oven greater degeneracy."
According to Dr. M. J. Qrecnman, direct
tor of the WIstar Institute, who hai
been watching Doctor King's work with
the closest attention1, the theory of tha
dangers In Intermarrying of blood rela-
lives has no scicnimc lounaauon.
"I do not think It would be too rnnoh
to say," he declared, "that as the result
of Doctor King's experiments It would
be perfectly safe for close blood relatives
to marry, If they aro carefully selected.
Of course, In nn experiment with rati
there Is no way of telling what the f.
feet might bo on the mentality. The Im
provement noted has been purely a phyI.
cal one."
White rats wero chosen because of th
rapidity with which they breed, and front,
no other 'mammals would It havo been
posslblo to obtain tho largo number ot
generations In less than five years. '
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