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OF RAILROAD CONTROL PROPOSAL
Some See Only 'Harm
sion's Plan, While. Others Praise It.
' Gossip of the Street
fJlHB recommendatloni of tlio Interstate Commerce Commission on the
- railroad situation continued to lie the chief topic of discussion In tlio
financial districts both uptown unci downtown yesterday. The falling off
In prices of rnllroud shares from the npectaculnr Rain of Wednesday
afternoon, following the first announcement from the commission, was
not considered ory strlou, nnd was. In fact, anticipated In many
quarters.
801110 bankers nnd brokers hIIII remain pessimistic on the railroad
Ituatton and expect ConRrosi to tear the recommendations to ribbons.
They argue that attacking the railroads has always been n popular
"Indoor sport" for many members, and as quite a number will soon have
to go before their constituents for re-election they will resort to the
did plan of pleasing the people, They also say that the report of the
Interstate Commerce Commission Is an acknowledgment on their part
of tho erroneous stand they took In their previous lewn on the railroad
Ituatlon, and that they now rculUo that their former decisions liao
hamstrung the roads until the nation's transportation sstcm has broken
down. As u rule, those who put forward these arguments also believe
that a long light on the subject Is ahead before Congress decides what
really shall bo done.
On tho other hand, there arc those who can see nothing but good In
the situation. They bcllcMi that Congress will recognize the necessity of
quick action, that no time will be lost In llndlng out President Wilson's
"Views on the matter, which they claim undoubtedly must be In uccord
with those of the interstate commission nnd that In nil probability tho
ntlre matter may bo left In the President's hands to act as he believes
best. But it Is notorious tHat ecn with those In favor of tho recom
mendations, oh well us those, who have llttlo conlldenco of their enactment,
thero Is a feeling that a new board made up of men of broudcr lews
than the present Interstate commission should bo appointed to say what
thould be done to completely solve the problem.
No one Is Interested In the question of freight rates or whether
there will or will not bo any necessity for a belated decision on the pending
ease. It is completely overshadowed by the bigger proposition of Imme
diate financial assistance for the railroads by the Government on a grand
cale to enable them to mdet pressing requirements, and to get the most
service out of them In the prosecution of the war. J
That no further action would be taken by the Interstate Commerce
Commission until Congress Is heard from on tho subject Is the general
belief. The commission's report said:
"Wo uro sensible of tho vital and Imperative need of tho hour that
our railroads shall not bo permitted to become less cfllcleut or less suf.
flclent. Wo realize tho gravity of a serious breakdown of our trans
portation facilities. It is unthinkable that this breakdown would be
permitted If It could bo prevented. Increased charges for carriage It
found necessary to take oaro of unavoidable Increases In operating ex
penses would not at this tlmo bring new capital on reasonable terms In
Important sum's. In our opinion tho sltuutlon does not permit tempo
rizing. All anergics must be devoted to bringing tho wur to a successful
conclusion, and to that end It Is necessary that our transportation systems
b placbd und kept on the plane of highest clllclency."
Talk of Trade-Acceptance Move Here'
There Is a rumor that certain well-known New York llnuucial con
cerns which arc represented In this city are making preparations to
transact a big business In trade acceptances after tho first of next year.
There ils u great deal of Interest manifested In financial circles us
to tho working out of the trade acceptances In the United States. Some
fear that tho trade acceptance will bo used to shift from the seller to tho
bank tho burden of carrjlng merchants who fall to take offered cash
discounts.
The whole commercial fabric, of any nation Is built up on the Integrity
of Its merchants, and those who argue ugulnst the trade acceptance most
strongly seem to leave the Integrity of tho great mass of American busi
ness men out of tho question altogether. If tho use of the trade accep
tance uncovers the men whose Integrity is nil, then It will have accom
plished one good purpose.
., Tho trade acceptance, before It ever reaches tho Federal Itc&erve
bank for rediscount If It ever reaches it has necessarily been sub
jected to tho scrutiny of the seller's banker, otherwise he would not have
discounted It in the ttrst-placu, -uml It must again bo subjected to a more
rigid scrutiny by the same banker before he would present it to his
federal Ilescrvo bank for rediscount. Of course, tho question of ability,
an well as Integrity, cittern Into the question, but there Is where tho func
tion und good Judgment of tho banker comes Into pluy. The seller with
whom the acceptunco originates Is also u buyer, perhaps of the raw
materials used In manufacture, and he will also be called upon to accept
notes for the transactions Involving the purchase uf these In all prob
ability. It might be belter, but not so convenient, to have all acceptances
"bank acceptances," where the bank loans Its credit to Its customers, and
In whlch'cuse the bank would perhaps use more discretion In the creation
of the paper.
1 Reserve Board Approves Discount Rise
To prevent possible Inflation and In tho Interest of sound business
Conditions, the Federal 'Reserve Board has approved a general Increase In
discount rates of about one-half of 1 per cent for tho greater part of the
twelve Federal Reserve banks.
On fifteen-day paper. Including member banks' collateral notes, tha
new rales aro 4 per cent for all banks except lit New York, where It Is 3
per cent. For fifteen to sixty day paper tho new rates are 4 per cent for
all banks except In New York, which Is I per cent, und Chicago and
Minneapolis, which are G per cent. Formerly rates on this paper ranged
between 4 and 4 per cent.
' For agricultural and live stock puper more than ninety days the new
rates are 5 per cent, except for Richmond, which Is 4S, and for Chicago,
St. Louis, Minneapolis and San Francisco, which are 51J Per cent.
Little change has been madu In fifteen-day paper secured by certifi
cates' of Indebtedness or Liberty Bonds, rates remaining at 3H per cent
for all banks except In New York, where It Is 3 per cent. For fifteen to
ninety'foy paper of the same class the new rate Is 1 per cent, except for
New York, which la Si per cent.
' , Trade acceptances, one to sixty dajs, now bear 4 per cent, except In
New York, Chicago, Dallas and San Francisco, where they are 3 per
cent. The former general rate was 3H per cent. For sixty to ninety day
acceptances the new rale Is 4 per cent, except for New York, which Is
3'4 Per cent. '
Citizens Must Save to Supply U. S. Needs
, There could be no greater fallacy than that the Government could
ftAance Itself during this war period, or at uny other time, by creating
Its necessary purchasing; power by paper money, and yet this Idea Is very
prevalent 'among all classes. The purchasing power of the Government
must be created by our own citizens, and the proper method Is by tho
Individual citizen creating u bunk credit through saving, and when
tlie proper time comes by transferring that credit to lite Government In
exchange for Government securities, tho Government hi turn transferring
that credit by the payments for war materials of every description and
' all Its other expenses.
' The difficult part of this problem Is the getting of the average citizen
to comprehend ho must create the means to supply the Government's
needs by saving.
This matter was very btrongly emphasized by Beerelary of the Troas- ,
ury McAdoo In submitting his annual report to Congress, which shows
that 16,128.208,793 must be provided In addition to funds from taxes
' and bond issues ulready authorized to make the estimates for the ilscul
year ending June 3D, 1818, equal the disbursements,
li his report Mr. McAdoo says:
"So far us I have been able to convey, the American people are not
sufficiently aroused to the necessity of economy and, of saving In this really
serious time, not only In the life of America, but of the nations of the
world. Up, to the present there has been a relatively small denial of
pleasures, comforts and conveniences 01 tho pari of the average citizen.
lf is drawing upon the general store of supplies In the country with
almost the same freedom as before .America came Into the war. This
cannot continue Without serious hurt to the nation und to the world.
iljhe gretit financial operations of the Government cannot be carried
forward successfully unless the people of the United States economize In
iyery possible direction, save their money and lend It to the Government.'
" U) easy to visualize the course of a dollar saved from waste and
Invested In Government bonds. First, It goes to the Government as a loan
fr war; secdnd, It la expended by the Government for food, clothing and
', ammunition, which go directly to a gallant soldier or sailor, whose fighting
i strength Is kept tip by the food, Whose body is kept warm by the clothing,
:' Md Whose enemy Is hit by the ammunition. It has not been expended In
purcnose 01 neeaieas 100a anq
lore, released for the use or.
:wj
in Commerce Commis
ciovnins jor we man m iiuinc, ana e.
the soldier; it ta saved wealth to the
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PHILADELPHIA
MARKETS
PHOVISIONS
There aa n fair Jotiblns ttemamt nlvl the
mark! ruled ateady. Tho nuntatlona ranired
follow : city h,,. n (, nmnknl and
jlr.ilrled. Slei keatrrn Wef, In t. emoked,
",V rlt) nnd wcatrrn lef, knwklea nnd
lcndra, smoked Dud alr-drled. Sli-I lieel
hum. Mr,! pork, family IMB5.' Imtna. H.
P. cured. In,, yHU tf'.Micl do, skinned,
Inoae, VMi27e do, do. tmnkisl, 274 -"'!
ntner hams, itmnked. illy cured, aa In brand
end average, I'tit ?Ah! hams, smoked,
neatern cured, I'tlC) ff Anr, do. boiled. lone
le.. 41c, rlenlc ahouldera H. P cured,
looae. 2.VJ,ct do. do, amoked. '.'Attn bellies.
In pickle, according to avrrnKe. loose, flic;
breakfaat bacott, n to brand nnd average,
eitv or wcatrrn Hired. 3lej Inrd, wertern.
refined, tlenea, '."Mtailc'l ilo, do, tuba. WW
auri lard, pure pit. kettle. rendered. In
llern-a, S1ID.1IW) do, do. In tubi. 2IIW.1IK'.
'refined sugars
Supplies Mere email ind Ihe market ruled
Ann on n baala of ,1V for extra fine
irrarutaled
DAIRY PRODUCTS
I'lIKKFK The market ruled ald under
moderate offcrlnRa, boi trade was nulet
Uuotatlona. NeM York, full-cream, fane),
June, 2.1c. M'ocliI blaliert do, do, fresh
innd't beat, 2'JiV1,'i do, do, freelt-made,
fair to Rood, l'lff22ttc
POULTRY
MVI3 won In fair requnt and uleitiijr uit
dr mojpf-Htr clVrlnfru iJiintMlntu! l-mvli,
hb to quality, 21'Jlc, riKm(fri. IPf. V'lnn
rhlckpna. Brcfrf11m? lo nun lit . wnwiMr,
durV, IVkln. U4(9J)W flu. Indian llunnvr.
yo22f; turlB. J7W"Hc. kp, aittUrtr;
f Uinta, t clinic, iirr twtr. w.Mnhlnrf l1 J"2
ha. aptrr, TtlWHrtf, rt.i. smaller ira. flnfl
(0ci do. ito, "pur ,ilr. Wfynjc. pistons, old.
ler pair, J4i 2M
FRESH FRUITS
Itemand aa fair Hhl valuea gcnerll
ruled alpady under moderate ofterlnaa. Uuo
tatlona Applea. per bbt. lonathan. K.lflrt;
Kin. S.1n: Northern Hp. $3 ROWS mii
Tent-nunie, IlllJSn, VVIneaap. MtrV,
HuhbarUaton, 1o,V), (Ireenlna-, M''i.
Paldwln. M .1014 TSi nm tlralll. 4 I '
r. Ml: tninan Vlnenp. J4r.171 Walk
Twl. 4ft Orlmea'a llolden, Jr,i7i Htarke.'
1fl Oano. 13 Mtfl, York Imperial,
fli,!.l, lien Davla. 3fl4 Apple, western,
per box Jonathan. II .in2.2r.. Winter
lUnana, II. 7.11(3, Spllrenbcru. $1 .V1W2 Ml,
nnme Mcauti. I4ii?.M1, Pellcloua. M.Ml
IS.IR. Kin. l .1'IWS SO. Sl"nian VVIne.
aap. II sues. Winter I'rarmaln. tl.TMT
I'M. cirllct. irnf2 21i Newlon rlpplu.
II r.Of2. KlnK llavld. II '.'"ifl".'. I"
Ffeur. II '.'Iff; Arph'. nearby, rer ham
( per. r.ncHII .in. do. do, per S-bueh bafket,
'.'5cfilt2.1 I.einona. per box, I1W7 Ha-
panaa, per bunch. II'.'1W.'M lranea.
California, per box. l .lawn do, I or da.
! per Imx, II A0W4. .':! Tjniterlnea. I Inrlda.
per atrap. IJfl I. tlrapefrult l'lorlda. per
i box. I24i do. I'orto rtli n. per l .-";
I I'lneanplea. I'nrto nu, per erite. 1 2.1
Ml tlrapea. California, Toka. per i rle.
0(loe2. do. do. VlalHCaa. per crate. Jl J.;
2 2: do, do. Mualcl. per crate. J ;JJ
1 70! do. do, cornicnon, per t-rau-. e, ,"-"
'.' l'earx. N'e York, per buahel baakel
Neikel. I'Jift.l! Sheldon IJtll . Feara. ,.
York, per barrel Rcrkel. SMI: HhMon
156 f Peara, New York per ke. 12 n
4 Cranherrlea. Jcreev, her crate. I'MI I n
do. do. per barrel.
linoi in
rttrawberrlea,
Calllornl-t. per pi
, :n hoc
VKGETAHLKS
I Vntiitora and onions wild alowlj V'!il1
I the ranno of nuntntlnni Other Wp'riiH
uer renerallv nlmdy )uottlonn: lilli
potttlnr, Jfrwe. tr 'tounh, banket (ill
Iba), No, 1. 7.ro-. No 2. 4nirn W hit-
T'fitntn'. per Kill Ibn . Pcnno iMIiiU. I-I
2 :.. NVw York. Il.onwa.in Nw Jeraej
f1.9nft.' 10: weatern. M t5 2 in , J"
notnt(Ka, Jerffy. Pr liuah NjkM l.n
hia ). IIou-p au"ftn. No 1. Sih-tf II.W. On.
No 2 KHf7.V nni f"t. N 1, 7.V4ll
do No. 2, fiOWrtOc Hwct piitutnta Jtiim
per turner, No 1. l T.n, N -J. MVl.2.
felery. Now York per hunch, .lOViW di,
do4 per crale. Jl litiHe NVw York,
per crnte, .VivlMI, do. IMorldn, per ham
per. $1 7r.fl '.'.a.", do rallfnrnlH ir lx.
ti'2 7T Cauliflower, l,on(t Island, per box,
tl.riOVSAO llruasela lirouls. Lontr lalmid.
per quart. 121?Hk Wntercrea!. NVw nrk,
I per ltH Imnchea, llri. URjrplant. riorlda,
'per box, St. 7.14 Cucumoer. t'lorlda, pr
I hamper, $3flfl. Spinach. Noje5iif, iw-r bbl .
I11T3 7 HeanH, Florida, creen. per ham
. per, $Jtf4 IVia, riorlda and VlmlnU,
Vr hamper, $i!4?tt Teppera. Florida, jwr
crate, S.lfff.V Turnlpa. ('arMdlan HutabHsaa,
per inn lb , (: it ir. CAhh.iKc, iiomcmic,
'per ton, llSffj .'."; do, lnnth. nerd, per ton,
lanfiraf Onlona, .New York Maxtarhuaftt.
Ohio and Indiana, No, 1, .lr:,7A; No. 2.
'IKMMl! rlo. Calirtfrnlri. umr IfHMh. hair.
i'2W2,T7t Mushrooms, tier 4lb. twaket, M.l'S
DAIRY PRODUCTS
(VHSTlJUDAY)
lit TTKR Outside adlcea were lower and1
prices nere smpatueiicaiiy declined -jr. lie
nrfpta of hlah urado creamers. howeer. were
llnht, and at revised ttuurrs dealers er..
i n i in e-nri i a koi a.ianrHiirv oi ini u
erlntlon. Tlit mirli r trmdN u r nultt ut
the Inside ramif of uuoiatlons I'rlnta were
,c lower In sympathy wtlh solid na ked, uui
cholre ato k was well cleaned u at reviled
prices. 1?nattrurtlf nualltlea uerti uull
land Jrrefrular In talue. wuotatlnus;
Western, fresh, aolld packed creamery
I extra, 47c, hUhcr-aiorlnic unoda. 481i4ac;
I extra flrsta, ltV. flrtn 444,V; aeionds.
i 41 ar 4?i. uift rrfamery. extra. 4Hfl under
cradea. 4..f?47: held rrraruery. Rood li
I choke 43iff4rir; nenrliy prints, fancy. flc.
merago I'xtrj'lW.'.nej llrata 4rifl47i'. f
nnd'i, 42cisp'clal brands jobbing at 5-
I VAHiH The supply of atrlfllv fin's new-
!M on, ubb irv Kitmll nd while outside
ndvlccs were easlar and trad was quiet,
prkea here ahow-d no quotable thanna. I'n
HltractUe atock was dull and weak. U
frlrerator ei sold fairly and ruled a shade
flrnjcr, Quota llona:
Nearb firsts. $1ASnntnftn per rs; do,
current receipts, 1 15 nn per case; da, sec
onds. lia.2n(M4 70 per iaae. western.
tM. firsts. U;'0(10 Ml per ca do. tlrsla
11.1 n per case, do. seconds, SIS " 14 7"
Pr case; rfrlerator eisji". extra, tit 4" per
cose, firsts, tin fin per case: aconda, ( nn
tm n'n np raiti Mierted rarefullv candled
eg-gs wer Jobbing ut AJfttiric per dozen
LIVE STOCK QUOTATIONS
rurrifitt fi... 7 IKKIM lteielnta. .11.
i oon i... i.r, m.r R'jnr. bead, eatltnnled
tomorrow-.' 21. twin Market alow and ateady
to Bo lower than jealerdaya ayeraco. ijuik.
1 tA(lnAlT..1.t llht. l nrwi7 an, inued,
I il7fli 17.411, heaj. 1 70 17.40: rouah,
I Jl.7(lUlim. orkera 11(1 lllW17.10i plga,
nsin.'JI: rood to rholie, ji7.n.iO it ."
CATTMJ Kallmated rfelpla today, SSO"
brad; tomorrow. 20(H) bead Market steady
to .hade higher, ll'ejea. I7.S ( 1 2V
I and helfera. n.2"fl ll.r,n: "? '".'."il
I III in. weatern. I :intj 1-JJ- 1J!;!'..'7 '
MIKKP Intimated re.elpta. today. Knnil
head, lomorrow. .1(10(1 bead. MajBei '"
at fterda'a -loa. Native. IJ "- "';
wr.ttrn. IH9I12: arllna. III 7.1814 SV
lan'ha imllM!. 12..-.0l 00. weatern, 112.75
Win n".
KANSAS ffY. Pee 7 CA'ITI.K !!
irlnta. 40nl bead MarKel alfaoy.
HCXiS lireeipii". (-"" m-,i
Marltrt
lower, nance. Jindru.a. ..,,..
MIKKP Receipts. 1000 head Market
ateady.
SOUTH OMAHA, Pee, 7.-rllOO III
ceipls. MOO head. Markat lower, nange.
"pATTM! Receipts. MOO heaj. Market
''hIIEKP neeelpls. BOO head Market
ateady: cars, 134
GOVERNMENT BONDS
Hid
imc,
urt',
9
BO
104
inJ
2a retlaterd. IMM ...
a coupon iao , .
Ha resfaterfd 1918
3s coupon litis ,
4a rellered IB.'.I
ta coupon ll)!.
. .i. ..., mm . . ..
Nl
. rtnonAn 1Q1II . ............... ... St
... , ..UK"" " '-, - "'-.- V..., ----- nA
ii. nun.. -' F-VHaiar-n m.i.i .. ... w.
P.nSma. 5a rtBlattrid 1BHS fl
Panama -H rrgtatered Itldl . . .
I'anam- 3a coupon , . . ,
HI
SI
NOURISTOWN MEN ELECT
Merchants' Association Chooses New
Executive Committee
NOnniSTOWN, Dec. 7. The Norrls
town Merchants' Association, at Its
annual meeting, elected an executive
committee to look after the organization
for the ensulAg year as follows: Janus
jTracey, a. P. ueacn, Jonii r. ieunartj,
Morris Mitchell. H. llussell Nclm.n, 'Wil
liam A. Shannon, Ualph Int, Harry L.
Kramer and Harry Myers.
A menibtrshl)) campaign was arranged
from January 18 to February 1, The
association will vote on whether to con
tinue the closing of the placis of busi
ness In Norrlstown on Thursday after
noon after the first of the year.
4-ply Khaki
Knitting Yarn
$3.40 per Pound
306 M- nd M. Building
3d and Chestnut St.'
, .J? J iVf-.V,!"."!.
MANUFACTURERS BUSY
IN NEARLY ALL LINES
Trade Active, With Preference Still
Being Olven to Govern-
tncrtt Work
The local cotton arn market during
tlio Inst Aveek, nrcordltig to Ilia trade
reUew puullolicd by It. O. Dun & Co., la
firm mill xteudy, Mllli an tiimard ten
dency In prlcrH. Tlieri lian bent h
good demand, especially for knlttlnR
jarnn, illicit are being tied In the
manufacture of Oo eminent clot'liltiaT.
There has nlso been a fair demand for
avnip Bradea of weaving ,nni. Mann
faolurem of Turk'.ah towelliiR. tiiliolalery
Ronils Htid oarpela report bualnem unlet
The wool market ruled firm, with de.
niHnd fairly acthe. A wcarrlty wa re
ported In territories und ulurH showed
nn upward tendency Then- van n fair
Inquiry for medium crudes nf fleeces,
with prices firm, but few South Atnerl
cm wools ut Ihe prevent tlmo ure nvnll
able, with prices high. Manufacturers,
aro generally well empled, but etlll lo
ii larne extent on (Imcriiinrnt work
The reilew- conl'nues'
"Ther9 It little ihanso In rondlllons
anionic cloak nnd suit manufacturers.
Some of the manufacturers nre 'XVtlnB
out their spring lines and looking for
ward to ii fair olumo of early busi
ness. "Dress manufacturers' trade Is uulel.
Some nf the manufacturers state they
hae orders, but lire experiencing tlllll
cully In KettliiR material tn fill them.
"lluslness Is ipilet nmonit shlrtwulet
manufacturers. Shirt nianufairturers
are well sold up, nnd statu that prices
arc steadily advancing.
"Theio Is little chatiRO nmoiiR Job
bers of knit goods; a scarcity of mer
chandise continues and prices aro stead
ily aihancliifr.
"Considerable activity exlsti In the
h.irduare line, purehuses representing all
grades of material. Dealers report the
demand exceeds )he supply In some
blanches of the business, nnd It Is be
lieved the nmllict will remain Hctlve
during the winter months Prices, re
main high and collections good.
"In the bituminous coal market Ihe
(invcrnmeiit price at (i. IK a ton pre
vails ut the mines and operators report
haling mi free rii.il, as they are only
able to mine suftlclent for contrai ts.
There Is u scarcllv of labor and the car
supply has been f.iir.
"In tiv nnthr.li Ito market iiiiidltlnna
In this city have been very bad The
miners were recently granted nn Increase
In wages and this will necessarily In
crease the price of coal thirty-five cents
i ton. The retail dealera aro experienc
ing considerable difficulty In ilitalnlnrt
lierchandl'-o and have u largo number
if orders on Hie for future dellverv
Kor several weeks past requisition cards
'live heeu used hi all dealers, although
luring Ihe last week the scarclti Is
believed to have been somewhat rem
edied A number., f dealers still report
having no toal,
"In the lumber maiket prlic.i remain
high and firm on both grades of mI.
l.ocallv, no nuotntlon.s are being made.
except on ISoicrnnieli. unlets, owing to
the fact that lumber Tor the flovern-
incut has the right of way In shipments.
Tho embargoes continue, nnd priupcctH
for the future are problematical, al
though the outlook In regard to prices
Is believed to bo good.
"The leather market Is active and
prices continue firm, with a slight ad
vance for finer grades of sole leather.
"Shoo dealirs teport a fair wlumo of
business, although purchases are ion
fined to Immedlato needs. Prlien cou
tlnue llrm and collections are firm "
LONDON STOCK MARKET
War News Did Not Help Tone of
Securities Americans Inactive
LONDON, Deo. 7. Tho war news
did not help the tono of securities tm
tho Stock Exchange today. There was
no Improvement In business. The gllt
edged section waa narrow and mixed.
Americans were Inactive and Cana
dian Pacifies were dull. Having been
overrold, Urand Trunks weru harder
Notwithstanding paviuent.s of 250,000
lu dividends today, Argentine! rails failed
lo rally. The home rails group was
neglected The leading companies aro
Investing their resources heavily In the
National War Honda.
Russians were nominally steadier, and
a moderate batch of Husslan credit bills
was renewed. A big parcel nf Itallnn
bills ulsn was arranged. Japanese de
scriptions were firm on morn fnvorablo
financial ndvhes from Toklo
Mines were slow. Do lleors told at
l2i, against l'.'Ti at tho close jcater
day. Owing to weakness In tho btaple,
rubber shares were wralc.
London N V
is an i:iulv
Atihlion . ss siv, ( 4
Canadian l'acine lr.tt 10l. 1U
Cheaapeake & Otilu r.n ITS
St Paul 4.-, t:'i n'.
Krl . -'n 'J-'. H'
do let pref ... . HI .IIS - S'i
llllnola Central , . . 'l H
Louisville NHahvllle. l-'l't M.IN,
"intral I'aelflu TIVl fll '
I'uinhanU . . u' 41't 4 '.
leudliur . 73' 7ii f
Southern raelflo . . 8'l M'a -
I'nlon Paeldu 118 1124a -- S
Lt S Hteel Ill S!llJ ri
HELP MAKE CHRISTMAS
HAPPY ONE FOR BLIND
Relief Fund Issues Appeal for Funds
Needed to Aid Sorely
Afflicted
The Blind Relief Fund cf Plnladel-
nhlii is making arrangements to spread
happiness and comfort among Iho needy.
worthy bllpd, again this Christmas and
has Issued a call to the public for ioi
trlbutlons for tho fund.
This charitable organization Is one
if tho best organized and lest nianagird
In the city. The overhead charges are
taken die of by the ofllcers. so that
"ver contribution Is i-xpendid for tha
blind In total The money collected Is
not expendtd In luxuries, but rather for
cral, groceries and warm clothing, which
nre given out at ChrUtmua time.
This Christmas thero Is greater ur
gency for help for the poor blind than
over befcrc, owing to the rise in the
price of staple necessities of life and
li cause tho means of earning money
icccsslbletto the blind do not bring In
in Increase In remuneration l-i propor
tion. Contributions should be sent to
Pr U Webster Kox. treasurer. The
Ulliid Keller Fund of Philadelphia, 617
Wltherspoon Tiulldlng, Juniper and
Walnut streets.
Pennsylvania Garage
il liRMEBIgiBiff
;fetW
Ctt'ttPBCK
.Sara rjn"r:r?'TJt'l
ISmJmM' i9BB5:lH'iii-
KM
.!
11' (UL'tnuULlEiM'
WVfill-JtiiTCtletilWt IM
WrTJZJl,T"ET Jtt5EP 1 I
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PTJaBaU. Baikal at aw latar atiVaMatt ta. 4 i'"r:- B --.. - -
HKMMHHHHHK1 ' f 'JL XuT
lsajBaaBajaajajaeBjadaBHaav(Baajajaaaaajaj' -s" .""-I 'it. r t "! "
" r aJarHaMini WiiMill MtUBk
WANTS TO SCAN
RAILROAD FILES
Commerce Board's Report
Hints at Prospective
Lid-Lifting
STEEL CARS DEMANDED
Urges RoucIh Be Permitted to
Operate Water Lines to
Serve Public
WAHHINOTON, Ilec 7.
Additional power to Investigate politi
cal activities of railroads Is asked by
the Interstate Commerce Commission In
Ils annual report, submitted to Congress
today
A reient decision of tho Supreme
Court permits It to demand th exact de
tails of "leal expenses," "operating ex
penditures at direction of the President"
and similar accounting terms which
oflnn cover campaign iimtilbutlons, lob
living funds, etc.
The commission seeks now the right
of access to complete correspondence nics
of all railroads Congressional action Is
necessarj With these powers, It Is un
derstood, the commission Intends a
thorough searching of alleged scandals
One that of the lulsvllle and Nash
ville has been announced Other
recommendations! nro:
That u limit of three ears bo llxed
ns thi! tlmo within which a carrier
may bring action to recover any part
Hif Its charges Tho limit Is now to
ea rs
That t'o commission be authorized
to io-opeiiite with Stato railway ioiu
inlssloiiH In regulating rates
That there be legislation goiemlrg
the security Issues of rnllwuvs
That steel passenger cars be ie
nulrcd nnd the. placing of wood cars
between or In front of steel cars bo
prohibited
That railroads may continue to own
and operate water llnr., depte the
prohibition contained In the Panama
Canal net. Ill casen where tho public
will bo nerved thereby
The standardization of rallioad
operating i tiles bo required
That a Federal iintl-tiespasslng act,
as far as railroad tracks and propel ty
bo concerned, be passed
KSKRNTtAl. NIU-UJS 11 KT
"Transportation conditions hnvo been
abnormal," said the commission, "but
essential needs of the countrj have been
taken care of.
"Owing to the demand on car and
locomotive plants for war work It Is
Impossible for them to do much more
than replace equipment worn out In
service. It Is apparent the solution of
the car problem lies In tho maximum
of eervlco from thon ulready existing"
The commission estimates Its work
of learning the nclual phv steal values
of roads will be finished by 1020. This
task bus been undertaken at the behest
of Oovernmeut ownership advocates.
who wish to use the figures as ii basis
of paMnent to the rallioads No other
reference to (lov eminent ownership, di
rect or Indirect, was made.
Tho countrj, the report declared, was
fortunate to enter the war In the spring.
Had tho tremendous volume of added
ti.illlu lonio in the fall or winter sea
son, congested seasons at best, prep
arations would biivo been delayed far
morn than they were.
luo to Increased Inspection It Is de
dared the railroads "havo groally Im
proved" tholr accounting methods, ho
that "any unwholesome finance, arti
ficial returns or ruto manipulations" aro
more dllllcult to accomplish.
Only Ifi.nco miles of now road havo
been built lu the last flvo e.irs. Freight
rates havo been l educed from J.007S
a ton mile In the same period to $.0071.
Assurance that thero will be no abso
lute famines of food or fuel hi the
I'nlted Stales as u result of failure of
the ttansportatlon system adequately to
perform ltd functions Is given. The
commission declares that by exercise of
priority powera provided by Congress
orders can and will bo given which will
keep the American people supplied with
food and fuel
faiiini: pi:mii avoidcd
"Much was said during the last winter
as to the danger of freezing and famine
on account of failure adequately lo
trantport fuel and foods, but history
will record no buck calamity," sas tho
(omiulssioii
Tho report makes It clear, honcver,
that transportation business Is not now
nnd cannot, for tlio period of tlio war,
bo as usual, but must bo maintained or
a. war basis designed especially to meet
war conditions. It Is stated that the
newly created division of car supply of
the commission already has arranged
for discontinuance of uso of open-top
cars especially designed to carry such
essential commodities a fuel and bulk
foodstuffs and ores for any other pur
poses.
Tho teport shown that the war Is
having a direct elTect on the number of
railroad accidents lu tho United States
and resultant casualties. Out of 616
accidents. In which sixty-two persons
were Miicil and ill Injured during the
last fiscal ear, 383 accidents. In which
llftj -two persons were killed and 469
Injured, were duo to failure of locouio.
tlves. These failures were largely due
tn the btraln placed on railroads by In
creased activity caused by tho war. The
commission sajH that unprecedented
operating conditions have mado Impos
sible the maintenance of IoiomoUven In
accordance with peace tlmo standaids
In fact, the commission Itself has tier-
inlt,Ud railroads to relax the rigor of
some of their Inspection rules, as the
railroad system would not permit of
withdrawal of locomotives for repairs as
oiten ns tney should bo withdrawn
A recommendation ts made that Con
gress enact legislation to provide means
of punishing attempts, by InUmtdutlon,
threats, Inducements or otherwise to In
fluence testimony of witnesses before the
commlsalun and to punish disorderly
conduct of witnesses.
Granulated Sugar Unchanged
NHW VOHIv. Dee. 7. Tcetlned sugar
is unchanged, with American, National
and Pennsylvania companies quoting
8.35c. Tho' Werner and the Federal
companies and Arbuckle Druthers con
tinue withdrawn. Haws aro quoted at
u.uuc.
that Free Clubroom for
Chauffeurs '
WHEN yog letve the car at the Pennsyl
vania, you are entitled to uae our cozy
clubroom for chauffeurs. Pool tables, cart
tables, steel lockers, shower bath, modern
washroom, barber Shop, vihere cigars and
cigarette are on sale In fact. Just the kind
of a place qu like to itay while the boss
Is at the theatre or business.
Bring the car down hire where It's warm
and coxv and where you get prompt atten
Hon. short storage, 50 cents.
PENNA- GARAGE & SERVICE CO.
329-31-33-35 ?. Broad St.
Tkee.AtLlnaJr.
areas, ena
'ft!.....
. yt
"'V.'--ft.
THRIFT, SAYS BANKER,
IS WAR'S RECOMPENSE
Frank "A. Vnnderlip DIscushcs
Finunce With Insurance
Heads
NHW YOltK, Dec. 7.
"The Government today would like
Ltn be spending on domestic war needs
a billion dollars h month," Frank A.
Vanderllp said lit the annual meeting nf
Ihe life Insurance presidents In the Hotnl
Aslor here. "But ns a matter of fact."
he went on, "the month of October closed
with expenditures of about 1460.000,000.
Tn November, still with an estimate of
spending a billion dollars, the mouth
closed with expenditures of a little more
than IBOO.000.ooo. What was the reason?
It was that the workshops could not
produce the things tho Oov eminent
wanted as rapidly as they had con
tracted to do. It wan n question of man
power and Industrial organization" He
continued:
"So the great thing joti can do to help
win this war Is to get this Idea of per
sonal responsibility over to as many per
sons ns vou can. so that their personal
conduct win tie Influenced, so that when
they have n dollar to spend they will
weigh, not whether thev can afford to
spend It In the way they desire, but
whether the Clov eminent can nfford to
have thorn spend It In the way they de
sire '
.Mr Vnnderlip, although president of
the National City Hank, is for the
pioscnt getting only $1 a car ns chair
man of the tlovcrimient's war-savings
(oininlttce
He paid the Insurance companies a
great compliment "not becauso they
have piled up accumulations that ure
measured In hundreds of millions, but
because they have contributed u lesson
lu teaching personal thrift." Ho added:
"However long the war may last and
however great may bo Ils cost, every
dollar of tlmt cost call be recomnensed
If these lessons of thrift can be taught
tliorouglily tn nil or us. Tlie real proD
lem Is not dnllnrs. It Is things, inanil
fuclured things. That Is what we'vo
got to have to support our armv. A
substantial part of the $19,000.(100,000
ou have seen Congress appropriate is
for things out of our workshops. This
Is u war of workshops to an extent never
Known m any struggle nerore me
measure of our strength, of the force of
the blow wo aro going to strike, will be
tne amount tlie worxsunps can iirouuce
for the purpose of the (lov eminent,
"Wo have got lo learn the greatest
lesson In economy that was ever taught
a people, because thero Is not enough
labor mid material, not enough shops
to produce this huge amount of things
unless every one of us feels the respon
sibility for personal economy. I believe
tne campaign we aro inaugurating, ir it
can be brought, as I think It will be,
sharply to the attention of tho whole
leople, will result not only In the free
us of labor and materials sudlclent for
Cov eminent needx, but will stamp the
nation, the national character, with
something more permanent than tho hor
rible enects or war.
.Mr. Vanderllp cuprcsscd abhorrence
of tho Idea of "flnancliiK the war with
Ihe printing press" sonio form of paper
money Ho believed that all history
hail no example of the disaster that fol
lows an unredeemable paper Issuo to-
dav, when thero are outstanding billions
of sccuiitles Issued by public service
corporations whoso expenditure would
bo Inflated In cost by any Inflation of
the currency, but whose Income Is fixed
by contract or governmental regulation.
Ho snld:
"All men who aro fnteresteil In the
existing order of things must at the
present time be doubly Interested In
seeing that our financial cost Is driven
along sound lines, that the means which
the (lovernment must have are raised
In sound money, that we do not drift off
Into any consideration of 'doing It In
the easiest way. "
Herbert Quick urged the life Insurance,
companies to add to their Investment of
$700,000,000 farm mortgage loans. He
said:
"No greater problem ever confronted
the American people than the necessity
which is now upon us of gradually
changing from a wasteful and destruc
tive agricultural policy to one which
must he based upon tha two somewhat
antagonistic requirements of Increasing
production and tho maintenance of per
manent soil fertility. For the economic
pinch Ik now upon us. It has come upon
us almost with the suddenness of a
thunderbolt.
"The fact may be noted here that the
life Insurance companies of the United
states Imve. loaned on real estate about
one-third of their funds I am advised
that 40 per cent or inese real estate
leans are on farm property. In amount
these farm mortgage loans of the life
Insuranco companies lotay about J700,
000,000 The Insuranco companies have
thus recently become the largest dls
tlngulshable factor In tho farm loaji
business,
"A railroad company, a street car
company, h hydroelectric plant or any
other great Industrial or transportation
project must be financed by the advance
ment of money on the basis of perma
nent or semipermanent Investment. The
tlmo has come for a recognition of the
fact that tho operations of the farmer
require an equally long period, of time."
Ocorge r Ide said that tho life Insur
ance men Tj? tho country wcro ready and
eager lo lend to the Oovernment all
the assistance In their power In connec
tion vvltli the plan of governmental In
surance for soldiers and bailors. He
continued:
As to the general plan, lt Is one that
intist nunenl to everv natrlotlc citizen.
The purpose of devising eomo plan that
will provide for every member of the
fighting force a guarantee that his de
pendents will be taken care of properly
in event of any calamity arising to him
from war service Is un eminently praise
worthy one. ,
Use Sugar Sparingly-
Not Waste It
Everyone manufacturers and householders
should use sugar sparingly for the present.
The supply is limited and will be until the new crop
of cane can be harvested and shipped from Cuba and
the Tropics. The supply will then be ample.
In the meantime, the people of the New England
and Atlantic Coast States should use sugar sparingly.
i i
Grocers should limit their sales to any one family.
No one should hoard or waste sugar. Do not pay an
increased retail price.
The Franklin Sugar Refining
t
RAILROAD ISSUE
c-.'1
M.
UP TO PRESIDENT
Wilson to Decide Whether
Government Shall Seize
Carriers
LABOR OPPOSES PLAN
CHICAGO, Dec. 7.
Actual (iovcrnment operation of
railroads would result In failure, ac
cording to a Htulemcnl made al San
Bernardino, Cal by E. 1. Itlplcy,
president of the Santa IV. A rail
road is a great scientific industry; a
Government is n political machine.
A political machine can never suc
ceed in the management of a great
industry.
WAHlllNVSTO.W Dec. 7.
(Jovcrnnient operations of railroads
hung In the balance today. On tho Ux
ecutlvo In tho White llouso depended
whether tho fiovcrninent should lend tho
rtllrosd companies $1,000,000,000 or put
the roads under a. Federal "dictator" tr
end the war freight jam.
Some Congressmen 'looked for Presi
dent Wilson to seize control of tho rail
roads before Christmas, They predicted
that legislation for unification of the
lines would mean a. long deliy Tho
President, on tho other hand, desires Im
mediate relief lrom railroad congestion
Under authority he already possesses
ho could pliuo every mile uf track under
Federal control by a pen's stroke.
However, the four rullroid brother
hoods nre united vvltli railway executives
against Oov eminent control. Piesldent
Wilson Is understood to have been told
this when the labor leaders saw him
recently regarding their wago demands.
The brotherhoods favor llniuclal and
legislative aid to Ihe carriers to enable
them to unity tholr operations, ns sug
gested by the Interstate Commerce Com
mission, under direction of u war board.
The railroad executives today were
prepnrlng estimates of tho amount
needed for 1018 to placo tho lines on
vvnr efficiency basis. Theso estimates
nre to bo submitted to Senator New
lands for presentation by him to tho
President on Monday. The President Is
shortly nttcrwnrd expected fo mako
known his owsi, possibly In a, special
message to Congress.
Legislators said they would follow the
President's recommendation. One Sena
tor, n labor- sponsor, even said ho would
vote for nn antl-sti Ike bill If the Presi
dent wished It, although In tho Sena
tor's opinion such legislation "might
precipitate a labor revolution."
Acting Chairman Sims, of tho House
Interstate Commerce Committee, favors
Immediate action by tho President to
scl7e tho railroads.
"Then ho could come to Congress for
supplemental legislation to guarantee
railroad securities or whatever measures
ndvlsable," said Shus. "It would tako
sin months to enact trie Interstate Com
merce Commission's recommendations
for unltlcatlon under the railroads' own
rontrol. Clov eminent loans would he
fraught with proposals nnd counter
proposals." Ono of the leaders of tho railway
organization. In discussing tho situation
with Senators who uro members cf the
Interstate commerce committees, nnd
who will have to pass the legislation
to meet the railway crisis, outlined his
position In n memorandum as follows
"Hallway employes' wages today arc
rar nelovv tho llgure that everyday
laborers are receiving In certain lcvall-
lies, desplto the fact that railway men
must, tie especially trained and of ,i
high order of Intelligence. The brother
hoods havo asked for Increased wagea
so mat their membership can get suf.
flclent money to llvu on. It already Is
plain that tha railroads will rcfuso to
meet the demands of the men. Now,
rf Iho Ooumr.ient takes ever the roads
il will bo as a war measure, lt already
is almost certain that they will be
operated along mllltnry lines. In fact.
army ofllclaln have Intimated that the
engineering hrnuccs of the nriuy will be
given at least a g-neinl oversight over
the operations of the roads.
"In addition It Is certain that Presi
dent Wilson never has completely aban
doned the suggestion that he mado ut
tne tlmo we wero negotiating for tlie
lost wage advance that the roads ought
to be considered ft part of the mllltury
system and tho men denied tho right to
abandon their employment at will."
MONEY
TO
LOWEST
RATES ON
I OAkl DIAMONDS
& GOODS
OF VALUE
FRIDENBERG
.57 N. 1121(8.1 Filbert & Arch)
NP Cor. 9SButtonwood Jti
A. Franhlin Sltternr fn ailani
Granulated, Dainty Lu&ipi. Powdered. Confectioners, Brow
U
TO RID UXflR
Attorney General Also
Prison for AUdn En
Violators
x
nil .
r,:
WASHINGTON. Dj
Stens further to puree thli
of spies and traitors, based on
dent Wilson's recommendations teV
rreaa. were tnken lie Attorney ft
Gicgory lu hlu unnbal repcrt toda
Gregory recommended laws tt I
the cntranru and exit of aliens, to'1
violation nf the President's alien'
regulations a "prison at' hard '
tffense, Instead of an "Internment'
and u nice soft berth affair.
Tho vast extent and completeness)
the spy and traitor traps the Dep
ment at Justice has built un In Is
country olrcc war was declared vtaall
vejled In the repcrt for the first, Vm ifjl
nrecnrv disclosed that hundreds of' ' iV
pert secret agents from every 'otMjf,jf,
llt'l UllVIIV "l "ic viviviKiubii, -anT
Pn mooiuzeu unaer mo ivrpuriinsnafv
or Justice lo meet the situation, v'" "-Ai
The Attorney General pal high tre
ute to the "very effective work" of,'U
volunteer spy ana traitor-aeiectinc
ginlzatlons that have sprung up over,.
country to help the Government
out that menace. Ho mentioned
neclallv the Amerlcun Protective LeaglMt
which, he said, hnd "proved invaIuabl.'H'&
"Its membership." sata tiregorjar -
"nlilrli lu csirefullv EUiirded. IncluSMa 'H
Ia...,!... ...a.. In i.IaiI. Ini-nllllAB aha.- fC"
have volunteered their services," in pfJr Jl
curfng any kind of Information of valU f,J!
to the nation. "'iisS
urcgory also nigiity coninienoea'jiiwwjj
local mid district draft boards and th4
drafted men, declaring the numtytrBJr'jJ
rlef pet Ions from rlutv In all three rrmiata Jw
has been "very small." He recajwt M
menrl-,1. - tM Iffi
Extension of tho statute of llmttiW'., yJS
KnnB n. linHll.linli.U .. In (hfM Vlltll "" 9 ll
appointment of a priority Federal JuX tC
to do the work of Judges more HtH".v(
1 1, a mii.MHiKnn ,lnniit fnmtiel thm ftfll '
It they behave themselves: a law mak
ing extradition from State to State 11-, ,;
necessary on ceiierai inuicimenis; a. miTi
to nrohlblt c"omnion curriers transport ,'
lug materials mined or made by thef-,j,
selves, and authority to sue any mwr-,
state corporation In any Federal dis
trict. T$'
('nmtilMlnii nf factories at Fort..
Leavenworth and Atlanta prisons, pw-,,'
ment of prisoners or their families Sir
their work, nnd sale of all proaucttslB,v
tho Government recommended.
ii
Useful LMt:
For BOYS or GIRLS
Not Duplicated s
blsewhere
GirU' -?j
Combination "
Waterproof
Coat & Hat
Entirely New sv
$3.50 viri
Sizes 3 cars to II
j curs. r
Ilaln H.ti, ;-7
Mall Orders Filled
m
1
k "
Raiffloat
i:
3.00
X4.00 Value
Mado of English
Cantona; doublet
texture; handsome
pluid lining mili
tary collar; tan
And olive shades.
$1.98 i
iok novs' outlay
Storm Booti
MEN'S '
WOMEN'S
Raincoats 90
Special. . Ot
RUBBER TOYS
25c and 50c
-?
Money BelU
25c
Air PilloW .
$1.75 $
HOT WATER BOTTLEJ&
$1.50 values 98c $
KiSR
620 CHESTNUT!
ft
J
-
'1
Jj
$
m
An
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A3
V -.
Company
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