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GMP OF
j ,rl ri Hl-V T T" FT
: ,
BUYING FOR INVESTMENT
RATHER THAN SPECULATION
. . SEE IN STOCK ACTIVITIES
Importance Is Given Report
Is Expected on the
Gossip of
,fpllErtK was little of Importance transpiring In the financial district
yesterday. Stock transactions were not large, although the market
honed the usual strength which it has displayed for some days past.
Brokers said theybcllev.ed thnt a majority of transactions were for
Investment and few for speculative account.
., ,One of tho most important banking and brokerage bosses In the
city which Is in close touch with Wall street gave great Importance to
dispatch from its New York representatives stating that' It had
certain information that some interesting news was about to develop In
connection with the Austrian situation. In fact, it was hinted (hat the
information might prove sensational.
The stock market seemed to have adopted a waiting attitude, es
pecially in connection with the news fiom Europe, which still remains
faorable to the Allies. All reliable accounts agree that. the Austrian
offensive is a failure and thnt the Internal conditions of the dual monarchy
are In nn exceedingly precarious condition, Among some of tho financiers
the Opinion prevails that a collapse of the Austrian offensive is almost
- due. but an analysis of the reasons back of this opinion indicates that
"the wish is father to the thought."
There was no special subject under discussion in financial circles
beyond the rumors of some-new financing which Is still In the embryo
atage, with no definite particulars available. ,
There was some talk in refeience to E. T. Stotesbury's ictlrement
from the presidency .of the Riding Company. One banker who is. close
to Mr. Stotesbury said his surprise in the matter was not at Mr. Stotes
bury's resignation, but that he ever accepted the position. Of course, he
added, the was in a position at the time when he was forced into the place.
There was considerable faorable comment on the condition of tho
money market, which was easy. As far as can be seen there Is no reason
visible to alter the opinion expressed in this column at the beginning
of the week. that the stock market would remain strong during the whole
week. If the anticipated good news should come from Austria the
market would become very interesting, to say the least.
$ Louisville Gas and Electric Bonds
There was a Rood deal of favorable comment in the financial district
yesterday on the $10,600,000 Issue of Louisville Gas and Klectrlc Company
five-year 7 per cent first mortgage gold bonds, which hae been offered
to the public on a 7 per cent yield basis by Harris, Tories & Co., the
Guaranty Trust Company and E. H. Rollins & Sons.
Unlike many other public utility concerns, the Louisville Gas and
Electric Company was able during 1917 to carry the greater part of its
gross business Into Its net earnings. Trior to this issue the company had
only $3,119,000 Louisville Lighting Company's first 5 Yer cent bonds out
standing, i
A feature of the Issue Is that a special trust fund for maintenance
and renewals shall be established, beginning Juno 1, 1920, when an amount
equal to 11 per cent" of the gross earnings shall bo spent or set aside
for keeping the property In an efficient condition.
This issue is part ot) an authorization of $20,000,000, a part of which
will be used to retire the $3,119,000 Louisville Lighting Company bonds.
Brooklyn Transit Financing "Conditions"
The "conditions" under which the War Finance Corporation advanced
$17,320,000 to the Brook! napld Transit Company for tho purpose of
aiding in tho financing of the $57,735,000 notes maturing July 1 next
have been published.
Briefly, the, plan requires the holders of the company's notes to con
sent to exchange 70 per cent of the face amount of the notes for new
three-year 7 per cent gold notes of the company. The proposed advance
will therefore only be made in the event of the holders of the maturing
obligations lending their cooperation by extending at least 70 per cent
of thelrhpldings.
The new three-year 7 per tent notes which would c exchanged for
the present ,6, per cent notes will besecured by collateral now deposited,
as security fqr the present notes and by $304000,000 additional bonds of
the Brooklyn 'Rapid Transit Company to be issued under a consolidated
"and refunding mortgago which was recently approied by tho stock
holders of the company. The War Finance Corporation has already ex-
jf pressed its willingness, should the plan be consummated, to make ad
vances in proper cases to banks and trust companies, as provided for In
section T of the War Finance Corporation act, upon the new three year
7per cent gold -notes of tho Brookbn Rapid Transit Company.
" It was said a circular letter was being prepared to gb out to all
holders of tho present maturing notes advising them of tho decision of
the War Finance Corporation and advising them to deposit their notes
, with the 'Central Union Trust Company under the plan.
l JVn SvntlirntP fnr Ttrnnhlvn Transit.
iij iv j . " . .--.-
A dispatch from New York says that no underwriting syndicate has
been formed in connection wlththe proposed financing of tho $57,735,000
5, per .cent notes of the Brooklyn Rapid Transit, nor Is any such step
to be taken. Bankers who have been identified with financial affairs of
the company in the 'past will exert their influence in obtaining consent
to the proposed plans, but wl not 'assume any of the responsibility of
the obligation further than that.
' Therefore it is apparent that there must be universal acceptance of
the plan if the suggested arrangement by the War Finance Corporation
Is to become effective. It was pointed out that the fact that the War
l? " Finance Corporation is willing to advance a part of the funds required
to meet the maturity is accepted in banking circles as an indication of
K -nnflrUnm In thn affairs of the Pimnanv on the Dart of the Washington
Ff authorltiea. At tho same time, the
f- lw being placed back of tho new loan
l J It 18 proposed 10, pay are spoiven ui
$ attractive inestmenU security.
lH D.. ;- in Ttnrtrl Mnrhnl fZnnrh
' IwiWHreM ' -". ... ..
Bond and investment houses report business In bonds as ery good.
There Is r,ulte a good deal of interest being dlsplaed over the forth-
' coming issue of American Telephone and Telegraph bonds. It is said
, that the price at which the new 6 per cent seen-year convertible bonds
v of the company will be offered to stockholders .Has been officially an-
nounced aa 94 and accrued Interest. As soon as the stockholders appro e
the bonds aiijpeclal meeting having been called for July 3 to act on the
matter, the company will forward warrants. The bonds yield slightly
more than 7.1 per cent. Stockholders will have the right to subscribe
In the proportion of- 1100 in bonds for each ten shares of stock or any
fraction of ten shares. Tho new bonds are convertible Into stock at
106 at any time after two years' usual maturity. A syndicate headed' by
' J. P. Morgan & Co. and associates has arranged to underwrite the Usue.
Cattcll Very Optimistic
If the genial city statistician, Dr. Edward James Cattejl, has been
correctly reported from his address before the National Association of
Credit Men at their convention In Chicago on Wednesday, It might he
wel for the United States, it it wishes to Increase Us production and
resources, tpstart another war vyhen.thls one is over. Mr. Cattell says
the United States can fight for twenty-Ave years more without impairing
its credit, and tn fact with greater resources at the end of the period,
due" to Increased production, than at the beginning.
X A- banker who read this statement from a Chicago paper remarked
'iV- that in all probability Mr. Cattell had been telling the credit men aome-
&.i thing of Fhlladeiphia'B resources
locomotive while one walks around
and curtains of a ten-room' house
& size of the floors t(ni windows.
V1 1 i i.lt 1 t 1 ,-.ia . i ITaw Tulftflrl
f -UBifcCli IC- JWVflB - " -
-? nn-ffsr Babsbn. the -Treat statistician,
4Vi- nnlv An whn rnnld make statistics interestlnc tn thn nnnla."
i '
M SHERIFF SELLS STOCK
S'-. .. tinnnnnn -- O..V v.l... -e tin
Powell iuw"'W -ntuo ui fiW,"
rl.lA -. .. . .
fi' 000,090 to SatiUy Uaim
4-
jviir w June "
-TheSherlff here
Bk'm
iVaold one hundred thousand shares of
P rthe Utah Fuel Company of a par-value
E' l " m a.AAAvAA . t M H .1 A A A A ft CMftln..
.Ot $IU,UVV,W" VH lVVvu w riaijt
fc'Jln part, a Judgment tor 136,901,610 ob
W, ' 'lndby the Equitable Trust Company
'as trustee aaainst the Oener and Rto
C- j Grande Railroad Company.
William aaioman m ui , uanKrrs, me
furchasers, represented the Western
aclSo Railroad Company and others, ,
Aliom'" or KiB Dtnncr rui woro
yt um iruHievfl, niva - vrvivn KKBinii
ksI Tha ftn.V Mrmm latvlatrf iiaah'
lr A.- w "-,. WW MftUJK
tor wavr a writ or auact-;
TfflE STREET
T 9 F"1 C F
That Some Interesting News
Austrian Situation. v
the Street
.....
additional amount of collateral that
and the higher rate of Interest that
as iciiui.-iiub me ouuguuon a nigniy
t
ana activities; now we can make a
a block, and manufacture the carpets
as fast as a man, can measure the
"I would like," he said, "to hear Mr.
otirl ittll ntlt-lat aVlf ttKlll1srt i t ainiUilna
- . w. HHiuuuimt5 -t,fl9,J3.
said here once that Mr. Cattell was
t
FIREMEN ELtCT
W, T. Culien, of Poltille,.Heah Six
County Auociation v
8hmokln, June 31. At the closing
session of the Six-County Firemen's As
sociation here, the election of the follow.
Ing officers was ratified: President.
'William T. Culien, of Pottsvlllo; ce
presidents, John -Jones, of St. Clair,
Schuylkill County : H. a. Felix. Sunbury,
Northumberland Countvj John Splalne.
Bloomsburg. Columbia County ; Harry T,
O'Nell, Lackawanna County; treasurer.
George C, Klrschner,, Harleton ; secretary.-Fred
A, Zelser. Shampkln; delegate
to the State convention, Ueorge Heinz.
Mahanoy City i alternate delegate to the
State convention, Roy Thomas. St. Clair.
It was decided by the convention to.ln
crM tM death benefits from 111 to 175.
13 OF 100 ATTACKS
ON U-BOATS SUCCEED
Navy Department 'Makes Pub
lic Result of Thrce Months'
Observation 1
.THOUSANDS REPORTED
h ..-.,.--,
I
-T1 -. tt ir v . . WM1
fuciievc umy nau uames wuiiiirM, of fnoNfr un ic uotoi uto tin
Submarines Arc the Real
Thing
Washington, June 21
Thirteen of every hundred reported
attacks on or sinkings of German sub
marines withstand the cold light of
critical analsls and are classified as
"known sinking," In wlilch there is no
loom to doubt, the actual destruction
of the U-boat, according to official
British information obtained at the
Navy Department.
This 13 per cent of sinkings in en
gagements with the raiders by Amer
ican and Allied naval forces, as well as
by armed guards of merchantmen and
aerial patrols. Is an 'average of a
three months' period; and Is accepted
as tho official estimate by both British
and American naal authorities.
The information is the first from
' official sources on tho point nnd sets
forth the ratio of effectiveness of the
war against the submarine.
( Raiders Here Still .at I-arge
.1 ItUmi 1 L. 1. -- k U hi . m aUIaiiii
1 renorts recently of the destruction bv
patrol essels and armed steamships
of one or more of the German subma
rines operating off tlie Atlantic coast,
It was learned nuthoiltatively that
the Navy Department Is without evi
dence that would Justify the belief
that any of the sea wolves has been
accounted for.
It also was learned that a close
study of the reports made by mas
ters of ship which have been sunk
or attacked has suggested to some
naval experts that the raiders op
crating on this side of the Atlantic
are ot a special type In which speed
has been sacrificed to fuel capacity,
ennbllnir thn rn!Her tn remain ntvnv
! from their bases for long periods
Aiinougii tne number ot submarines
actually sunk of the thousinds re-
ported attacked Is ielatlvely email,
Navy Department officials declared
that if all such reports were true Ger-
many would have had such a fleet of
U-boats that "it would be fair to as
sume we wouldn't have a ship on the
ocean and Germany would have swept
the sea of all ships."
HP Per Cent Highly Improbable
The official figures were based on
, compilation of submarine operations
i arid counter-measures In the British
pink book," the existence of which
and its high Importance scarcely have
I lecelved mention.
Mr. Roosevelt, Assistant Secretary
ot the Navy, said that of 100 at
tacks against submarines reported by
various sources fiQ per cent were
called "highly Improbable," although
mc ncru repuneu uiiiuuiu utiiiiiio i tiling over on the rum trafhe. we never
attacks. They were classified astuaro to tease tfad about It because h
doubtful, even as to the presence s touchy on this question.
w 0uU...u. .uu, ujr ... ......... ..--
mlrnlty.
Slightly more than 20 per cent of
every 100 cases reported were listed
as "possible" and In each case the
submarine certainly was present, ac
cording to-the judgment vfmaval au
thorities who scanned the' i eports.
Five per cent were classified as
"probable sinkings," where It was es
tablished definitely that the submarine
was present nnd damaged.
Allowlnc for the nosslbilltv that
majority, If not all. of the. "probable
sinKlngs' actually resulted in u-oonts
being destroyed or put out of commis
sion, the maximum sinkings in actual
engagements with Allied naval and
nlr patrols nnd the armed guards of
merchantmen has not exceeded IS per
cent.
Tho tatio of sinkings nnd reported
destruction of submarines, it was
stated' at the Navy Department, was
not nearly eo high a year ago or
at any time before the entrance of the
United States in the war.
It is apparent that if thirteen of
every hundred leported sinkings of
submarines have been established as
beyond doubt Von Tirpltz has lost a
very considerable number of his
weapons of rutttlessncss. The reports
of sinkings run Into the thousands.
Iondon, June 21. Captain Perstus,
the naval critic of the Berliner Tage
blatt, admits that German submarines
are unequal to the warfare against
them, says a Rotterdam dispatch to
the Dally Telegraph. Captain Perslus
writes:
"Every layman knows that U-boat
losses are unavoidable, owing to the
continually Increasing sharpness and
effectiveness of the defense measures
of the enemy, which, perhaps, will
further Increase as the war progresses.
"It is scarcely to be denied that our
enemies are both cairylng on the war
and living, and that it will bo pos
sible for them to defend themselves
against tonnage needs for a long time
at any rate. From the beginning of
the U-boat war It was a mistake,
often committed nmong us, to under
estimate the resources of our en
emies." .ARREST FORMER' VILLA AGENT
German Is Accused of Giving In
formation to Berlin
New 'York. Juno 21. The arrest of
Felix A. Sommerfield, a German, well
known In Mexico, has resulte from con
ferences he had Had with Frederlco
Stallforth, Interned as an alien enemy,
and the belief that while Sommerfleld
was agent here for the Madero Govern
ment and Villa ,he acted also as an agent
for Germany.
Sommerfleld, also known a's Sommer
feld, was taken Into custody at the
Hotel Astor, where he has resided
for the last few yeais. Federal agents
said he had several conferences with
Stallforth, who was formerly president
of the Botany Worsted Mills, ot Passaic,
N". J., taken over some" time KgS by the
alien property custodian. The nature of
these conferences was not disclosed. The
officials also said that while Sommerfleld
was acting for Villa and Madero he sup
plied Germany with first-hand informa
tion of Mexican and American affairs.
Sommerfleld left Germany Jn 1902 and
came to the United States. He returned
to Germany In 1906. served In the army,
later studying mining engineering, re
turning to the United States In 1909 and
going to Mexico, where as a mining fen
glneer he ls said to havo amassed a
huge fortune
i Eleven Graduates at Dover
Bo-.r. Del.. June 21. The, publlo
schools closed here yesterday hgh
school commencement, execlaea' being
held Jn the opera house, when eleven stu.
dents graduated, the first to graduate
since the four-year course was estab
lished, received diplomas. Blanche M.
Stoore was salutatorian and T. Muncey
Keith valedictorian. The address to the
irraduates was made by (secretary of
State'Kverett C. Johnsonand the diplo
mas were presented by Prof. Wesley
nr.KK i-i, graduates were Martha
JAronMargaret C. HartneU. Blanche M.
0 aiunony. viti
BUSINESS CAREER
OF PETER FLINT
A Story of Salesmanship by
Harold Whitehead
fCorvrioM)
Vr. Whitehead ulf nmieer pour bustnts
Our-ioiM on buying, sctllno, aditrtUino and
employment AbK your Question cleatlv flirt'
one nit the fact, lour correct name and
full arMr.3i,MU4f be atoned to nil fnQtiir.f.
7jOtf tJfitrfi dm niinniiMJilii tiitfw In Jnnnrfrf.
Mttfturr - A o t'chntcat auetttoun UI &" ff
pu mail. Other Question trill he rtntHcrrd
in thin column. 7 h nnt iirrrttnn .ii-rtl1
utoru at ftter I lint.
CXXI
MY! HOW good It is to be home after
jou hae been away for a while!
The train had hardly pulled Into Farm
dale statloni than I was on the plat
form and had mother In my armi. I.ucy
and Klla were there, too, and It made
me so happy to see them again that'
I kissed them, one after the other,
swung them in a circle right oft their
feet, and then planted them down laugh
ing and protesting. Then eery one
began to talk at once.
I Was Just going to thank l.ucy for
her last letter when I noticed that her
ees were fled ocr my Bhouldcr. I
turned to see what she was looklnr at.
Can u beat It? I hart clean forgot
ten Graham In my excitement.
I ,le n,R lo1'1 mo (lultc II blt ""out ou
, """'"f, 8lu" , , ,
i)i;iii ncic mv llie pair til iiicni
right on hand. Klla, this Is Francis
Graham."
'Olad to meet ou," said Ella, drop
ping an old-fashioned curtsy. Klla is
sixteen and as full of mischief as a kit
ten. Lucy Is quite grow n up : she's nearly
twenty. "And this Is my sister Lucy," I
continued.
"I hear jou have been ery good to
my b!g brother," shu said to Graham
"He needs some one to look after him."
"His sister's letters seem to do that
admirably," Francis responded. "Ho
was good enough to let mc see die last
one'jou wrote him. He'H a lucky boy!"
'well, well, well," said mother, "here
wo are all chattering nrc magpies, while
I J our dad Is waiting Impatiently to see
you and our friend. Come nlonr.
' i'er.
We. all plied Into the surrey and I.ucy
was soon driving us home. Dad Is quite
old-fashioned. He doesn't believe In au
tomobiles calls them 'devil wagons"
Nellie, our horse. Is getting very old, but
I remember that once when I wuggested
that we have her shot out of her misery
aiand buy a real horse, I got Into such
hot water that I have never dared sug.
gest It ngaln Some day I am going to
write a book on N'ellle.
N'elllo once belonged to a brewer. Dad,
you know. Is strong on prohibition, and
one day he saw N'ellle In the shaft help
ing to pull n load which was, beyond
her strength There and then he of
fered to buy ber, and did. Somehow,
j ho seemed to think ho had put rome
. ,t WHS lno jcars uciore we brake
.Nellie ot tno habit or stopping at every
saloon In town. Farmdalc is dry now,
but It was very wet when N'ellle was
young and skittish. Dad used to get
soiinad when we were driving up Main
street .to have N'ellle nop automatically
at every one of tho seven sajoons Folks
around town used to tease hlni by say
ing that the horse knew where he
wanted to slop,
aL .?c. us.eu to 1,a.e ."! for Nellie.
! " " "" "i L" ?.'!
-aay, nut i I'm aw nil y sorry," i .hticm nf th. niV.. . ii,. rit.n qti mw to get out 2500 notices, but saa mimb m ijuiuiis mc )iu m miiie. .iu-cpn i-atncK weisn. tecretary; vnariem-M
mo;herra-!lam ' " " "" oSmo "d " ' ! Tsla'nd TuffioZ A ,ed a'nTtu I $ TZST'- 3
my' mother. possible, ex ery form of nonessential ex- , . all the laborers will be needed no lonirer. i ""ber also made addresses. ,v1t
'I hae been looking forward with nfnditure hv imliiMn.i. firms ,,. ' The Sun htpyard baseball team Is As manv as possible will he turned Into Frequently these men are called- unon!'
much pleasure to meeting my friend's J, ',.t ",',1" '! ,',,, , 1 fortunate In ha Ing In "Mill" McQeehan. shipbuilder-, schools at the yard arc to play In the shlpjard. These occasional ",?
mother." .v..'.' ,.,..!.. u . . ., Rnn . . ' ' .. ,1 1 its mana-er. onel so cloe to Columbia's now accommodating 500 men , 1000 hae usually come at noon, and nexer Is lher .J
LZ"?,..! "".t" t0 ",Cet 0U' t00"!"." bVoldiri;ut J,1,?" Sh..ISHiTSll.NUUl!SeT8e '..L!?.?.':):- AViththeirhand;.!
' I fe.1 a. I Jf i know 0u Peter think, " co-op.ratlon. Mcnu' ?o In coVrV.ponu- -rrspSSuder, ,X l! XX of "".Ir -hop Xhes ui'eudden.;?!
his muthet Is Just about all licht and I nere is to he no comnromise. how- nn e with Rennv Kaiiffman. the cre.it rv iiitnrer iir, ij 1. .-..,,, 1,- form ili(nih.f-ni inti 1..,. ..r, ,
for If she were everLyoilS Boticllt Tickets for St.
a whip she would stop ' ..,..
toucnea wun a wiiw she would stnn
dead and look over her shoulder at you
with tho most puzzled expression on ser
race, as ir to Fay:
"Now. I Just wonder what you mean
by that!"
I;i Nellie's good time we arrived home
and mother Immediately turned to me
and said. "I expect dad is upstairs. (Li
and see, Peter,"
Dad was in his study and I was
tairprlsed to' see how old and tired1 he
looked. I can't write what happened
at that meeting. I know now why
mother Rent me upstairs to meet him
alone. Gee! How proud I did feel when
I saw how much I mean to dad. I won
der If It Is silly for men to cry?
TODAVB nUSl.NKSS i:i'IORAM
Sentiment is the elecMcitu of busi
ness intangible, but necessary.
What does this mean to IOC?
Business Questions Answered
I w a traveling- mlesman In Austria,
dernuny and Switzerland for eieht sears,
and made uood. VVhrn I csme to this coun
try, four tears tn, I win unable to work as
a salesman bec.u" I could not speak or
write Encllsh. Now I haie well nlh
mastered th hnglljh IsngunBe. and would
like to eo on tho road acaln As I feel
It la hard to get a mod position without
(raiellnr eprlence In the United Mates. I
want to take a course in aaleimanship elen
by a correspondence school wlilch sles the
promts of brlnsinc pupils of the. school
into connection with reliable firms. 1 am
working now as stockkeeper and hae rood
experience In different lines of goods. What
do you think about the course and what are
the chances as salesman for a foreigner
who will probably be a citizen next start
If. V.
The V. M. C. A., r believe, gives a
good course every year, and perhaps
some of tho business colleges do, also.
You might ask the superintendent of
schools whether any of the high schools
will give such a course this fall. Frank
ly. I am always suspicious ot a school
which guarantees to find Its students
good Jobs. A student may not be
worthy of a good Job and may merely
pay for a course to secure a Job. What
you want Is knowledge. Tho Job will
come naturally.
If your accent Is not unduly marked,
you should havo no difficulty In securing
a goqd' position as a traveling or store
salesman, since the need for such men
will, within the next tow years, be
greater than ever;
I am a railroad man. thirty. Ave sears of
age. have had twehe sears' experience tn
train service and would like to set an ap
pointment with the Interstau Commerce
Commission tn the railroad department Can
sou tell me where 1 can get a Hat of the
positions and their examinations and what
course would 1 have to pursue to get an
appointment! W. C, Me.
Write to the secretary of the Inter
state Commerce Commission, Washing
ton, D. (.'., for a list of the positions
open. After you have secured this list,
write to the secretary of the United
States Civil .Service Commission, Wash
ington, who can tell you what courses
you will have to pursue to qualify for
any position desired,
(C6XTINUKD TOMOrfflOWY)
SLAVS COMING TO AID U .S.
Thousands on Way, Red Cross Mission
From Russia Reports
A Paelfle Pert, June 21. Tho Ameri
can Ited Cross mission to Russia, headed
by Lieutenant Colonel Raymond Robins,
has arrived here. The party left Moscow
May 14.
While Lieutenant Colonel Robins said
he would make no statement until he had
conferred with the State. Department,
unofficial members of the party asserted
that thousands of Czecho-Slovak troops
are: on their way to the United States to
offer their services against Austria.
Kvery courtesy was shoan the paity
by the Boluhevik Government, it was
said. A private car was furnished them
at Moscow, despite the scarcity of roll
ing stock on the Trana-Slbcrlan Railroad.
JERSEY BUDGET ACT
HELD UP AS MODEL
Comptrlolers at Atlantic City
Told of Efficiency and
Uniformity
Atlanltr til), June 21.
The budget art adopted at the recent
session of the New Jersey state legis
lature was held Up as a model of tffl
clency and uniformity t th session
f tiV. v-.i ii i .. ,.
Irnii.,. .-i fr00lrt f .pmp.
trollcrs and Accounting Officers, held In
me -tmrinorougn-Blenheim. Assembly-
man Arthur N. Pl.r.nn a fniiihr nf iiia
commission for the surey of municipal
miaaton?; nf 1,.m '.Iff, " ""."AT:
State of New Jersey. commentedNfaor-
"S ""."f Pr?V(,lons o J" miaget act
h '"'b, "'r.rr"s" .'". "K:
if rlil..- " .....", 5 .. ""S'r'
John S. Drum, of San Francisco In an
.rt,i,-.. I- .u. ,vf"..n?LS50In.,.R.,J
.-...-) ui, i nt? uri oi me vhpiiui
issues Co-nmlttee," and Henry B. Fer-
nald, of i firm of certified public ac-
v--H -.. -ia-i a ' . ..-i..i..
Accounting" 4
John S. Drum nrlHinf nf tho Sav-
Iniri Y I-... i . rm ..
m.k.l ..,,, oanii ana irust .oinpany.
San Francisco, a member of the Federal
eier, tho vtashlncton Administration b
representames made It clear, with prclil-
-- nuiumwu-, m fut. m.iw3 iiiim-
mental projects through political Influ-
eucrs or political contractors seeKing
favors Already, he said, the Capital
Issues Committee has been Instrumental
In blocking a number ot nonessential
projects.
"We do not claim," the San Fran
cisco banker said for the committee, "to
be possessed of a superior brand of
Patriotism What we are endeavoring
to do Is to Impress upon the country
the fait that there is a great and
urgent necessity that so far as Is pos
sible the financial resources, labor and
materials should tie, concentrated for the
one great business of winning this war.
"In asking ou as tlie fiscal officers
of American cities to co-operate with us
in preaching this gospel of conscivatlon
we would point out that every time a
municipality goes Into the market for
money it Is competing with the Gov
ernment, and competing where tho Gov
ernment is deprived of the taxing power,
for most State and city securities nre
exempt from taxation.
The principle upon which the Capital
ues Committee Is working is that the
vernment must have the right of way
Issu
Gov
because the winning of this war is the
business of the whole country. ou
havo been referred to as watchdogs of
your home treasuries In the name of
our twnimon country I ask you to guard
those resources to the best advantage,
not solely of the city, but tho nation
as a whole."
Tlie comptrollers pledged their co
operation by a rising vote and 'were as
sured that they will bo backed up di
rectly from Washington In taking a
positive stand against rouncllmanlc
plans contrary to tho Federal policies
outlined today.
NO AID FROM BROTHER,!
DECLARES 0IEARY
Louis, He Tells federal
Court
e York, June 21.
Jeremiah O I.eary, keen of mind, on
the witness stand In the Federal District
Court yesterday, swore that his brother,
John J. O'Lcary, who is on trial charged
with aiding the Irish agitator to escape
Justice, had nothing to do with his
flightto avoid trial.
"I cannot make It too emphatic that
neither my brother John nor any mem
ber of my family knew that I was going
I to run away," Jeremiah said. 'In fact,
fl did not decide not to return until Ar
thur Lyons and I had left St. Iuis. I
had no notion when I left N'cw York of
not returning."
The witness occupied the stand the
entire day. His cross-examination will
continue this morning. Frequently In
his testimony he denounced the news
papers for what he called unfair treat
ment In the last three years.
O'I.eary testified that before his de
parture for the Pacific coast he had re
ceived a letter frpm Henry A.'WIse, then
his counsel, stating Mr. Wise would
withdraws, as tho Government would
persecute him (Wise) If ho tried the
case.
O'Leary then burst Into a general
denunciation of the bar, saying its
members' true Americanism had been
destroyed by the hysterical following
of a false public opinion nnd they had
become obsessed with yie opinion that
their reputations would suffer If they
appeared In his defense. He offered
Assistant United .States Attorney Farl
B. Barnes 1000 to get him an attor
ney with the reputation ot De Lancey
N'icoll or H. Snow den Marshall, who
are to prosecute him.
O'Leary contradicted much of the
evidence given by Arthur L Lyons,
the chief Government witness, who Is
also under Indictment with John
O'Leary, He said that John did not
bid him farewell outside of the Pennsy I
vanla Station on the morning of May
7, ntr did his brother buy tickets to
St. Louis for Lyons and Jeremiah.
Lyons had testified tlfat John, Jerry
and himself came over from Brooklyn
In an auto, stopped near ., the Hudson
Terminal early on the morning ofMa
7 and John received $100 and bought
the two tickets.
THEATRES
OWNED ANP MANAOED BT MEMBERS OF
THE UNITED EXHIBITORS ASSOCIATION
BELMONT u avwTomdaat .
WALLACK 11EID in "Tne iisstafe'
CHARLIE CIIAPUN COMEDV
CEDAR a0T" CEDAR TODATB
WM. S. HART "mFiRilovf
COLISEUM M"ktt Bet- T?.tDAV0,h
"MISSING" AR0Mg(D war
--I r MI AI GUi, & Maplenool Ae.
VUL.JINIA'-- -:l5ani18:IRP. M.
I. jviary mci-ano iltU ,,,, ,0 M1I.,
EUREKA i0T,u"t
ON THE
CHESTER SHIPBUILDER
GOOD LAND TRAVELER
Bill Stevenson 9 1' rcqucnt
... . -....,, . ,
j rips to i iiiiaiiciiiiiii miui
est Joincrg at Sun Plant
,xo" mat tno uig xaimrr i.mii.a'.ri.
lcCAllt. LOmnuted nt the Sun Sblmard,
ictomo compieton nixne nun mnjtiru,
Now that tho lilg tanKrr Lancaster.
i nesier, nas icit mc jarti ior nu
imiwi ...-. - ti.-. nt,ni, n im
fcl. . ' ...." .' ..,.. ,, " , ,i,
Joiner .hop there. Is free In the eenlng.
and his frequent trips to Philadelphia
hae led his men to expect an nnnounce -
ment soon.
Sleen,on and the jounr woman are
bth from Rochester. N. V. and tho
lnttor l, l,pen nt Atlantic City for sex -
- "-
tral weens,
, ,
. rhllmlflnhln tn liipklf. h riveter's lob
t the Sun Sard, is now talking of en-
. --
c , ,,.
Shlpjard Traphootlng Club, finds It
i iHiirea rMiPMr. mtiim i:i in tut: iu i
shortstop, hut his own men sn the
can m along Just as well with their
own J svll UlKlllK nciwutii -t.v.i twtw
third
"Jim" Keelev. one of the bum-rs ntioV Up to I'm ate Capital to
tne nun aiu, retciiuj ict;--. . i'.-
card which he treasures fondl.
-...v... v-ri. si,i-i.-.iri.,hvni,.ce.s.
.,.- ..t" ...... -,...,. j,... . ......... -----
ate tuning up for Jim Murray, tne
Sun Club's 220-pound first sacker, who 'now up to private capital lo come for
made two homers In last Saturday's ward nnd furnish the land, if the docks
came And the slunger is tuning up for are to be built here. The Emergency
.i . i. i. l.t Tho wind frnm
llll'lll. tJU, It "- "'"! . .- -'
that heavy bat of his gives one a chill,
but he ays he must be ready by .Satur
day The hun 'players wish "Bill' Davis
would keep that super-six car of his out
of the ball park Saturday afternoons, so
as to -keep Kceley In the game Keelcy
oavs he hates to see Muiray gel lone
some. Ilartv" Hartllne, the Sun catcher,
whosls hailed by his own fellows as the
best In the whole Shipbuilders' League.
admits that he has at tin
J"o center fielder with the
b"t ' tllc yun ls Par,1 1
times coniusen
Second sacker,
o blame.
-TREAT 'EM ROUGH" O. K.'D
Shipmcn Here Approve Motto of the
Tank Corp
"Tieat 'em rough,"' the Ameilcan tank
corps' motto In the war. meets the un
qualified approval of all shlpworkcrs In
the Delaware River disttict.
"That's the only way to treat these
swine," ls what Major General U D.
Swlnton originator of the armored tank,
tells llie shipyard men every day, and
their cheers show where they stand.
. gives g. arfew years
Commander Tully, of New Jersey,
Sees End Near
Atlantic City. June 21. G. A R. posts
have only seven or eight years more of
I life at the present rate of mortality
among Its members. In the opinion of
Commander Walter Scott Tully. ad-
. j..in h. v.i .Tpr.sev (2. A. TL meet
ing here Impressive memorial services
were "held for the 209 comrades who have
died In tho last year, leaving only 2210
members in .-sew jersey.
ueorsre J... xtoyu is ine i-nuic- ir uf-
partment commander at the election to
to"Veterins'o. tho Civil War are dying
at the rate of 100 a day," Commander
Tiiiiv- Heelared. "At this rate I can see
the posts entirely wiped out in seven or
eight years."
The Women's Relief Corps, til aux
tllan' to the G. A. It , and the Ladies of
the G. A. 11. are also meeting in con
ventions here.
CREDIT UNIVERSITY
WILL BE ORGANIZED
Chicago Convention Makes i
. Move to Aid Business j
After War
Chicago, June 21.
Plans were outlined for a national
university of credit education, to be j
known as the National Institute of
Credit, at tho session of the National
Association of Credit Men's convention
I r
1 - -- C.-1I. t til V- -.-
Al llie UUll' I J -it Orttll-. Jl if 111 MZ peat
. -. .. . , ..-.!....- I
icrncri alter tne .American uiniiiuie ui
Banking and degrees win be con,terrea
as by universities upon the completion
of ,t regular curriculum i
ine project is an outgrowtn ot me
arioresrirrak1;;;1;:
world-wide competition fo'lowlnc the
declaration ot peace. The preliminary
. . .
course nas been worKed out Iy an aa-
visory committee, consisting of ttr. J.,
T. Holdsworth. dean of the Kchoot of
Kconomics, University of Pittsburgh: J
I' , Vn,,. "
Dr. C. W, Gerstenberg, director of the
department of finance, Xevv York Unl-j
verslty School of Commerce, Accounts j
and Finance, and Dr. W. U Lord, dean
of the School ot Business Administration,
Boston University.
The convention also adopted resolu
tlons for the appointment of a committee
to co-operate with the Government In
doing away with the Inequities ot the
present Income and excess-profits tax
acts and placed Itself on tecord by reso
lution as favoring universal military
training.
A reso.utlon for the development ot a
governmental policy of highway con
struction and maintenance which would
FRANKFORD 4"a &SS.-
CHARLES RAY ln "H,s own
-.rvri-ri iai home, town"
II IMRO FRONT ST. OlnARD AVE.
JUltlUVJ Jumbo Junction on Frankfard "L"
Mary Miles iyiinter '" ; owJ.V
BRIAR"
KNICKERBOCKER "$?$!&
Q-.n.. I4.v-lrur- In "TICK WH1TK
.,, . .-, -- ., - MAN-8 LAW,, ,
i f fVI 15T MD AND LOCUST eTRERTS
L,UV(JOt Mats. 1:30.3:80. Evgs.0.30 to 11
Una avaucr yOX9t;iMrT.,
NIXON vW'
m. Mk. -r.-1 u) a ----SSn
WAYS TO
, schwab and GARY confer
WiU m V for Rujhie,
sicci ainpnicnis
i:ibort It. Gary, of Hie United Stated
Steel Corporation, will meet Charles M
. Schw.ah. director general of
' gency Fleet Corporation, to n
ine i;mer -
lay anu dis
cuss further plans for rushing steel ship-'
ments to the arlous shipyards. I
Particularly at Hog Island Is the Fteel
shortage apparent hhlnments hae not
,et begun lo nrrle from the plants
which recently were awarded contracts!
ior ow.ipuu nuuuionni ions n moniii ana
Me"v n'-'o caused because many cf'
,he pat mun g0 through a correction ,
for SO.noo additional tons a month and
i shop after tney are ranricated
AlthouKh still somewhat behind sched -
I "''i. s,l."1,'lP.me.n.l.',. ...a.r.e. 'm.p.r.0.-'n
, co-operation afforded the Kmewney
estg
1
I Unr ICI AMft TA BMDI ftV 9fl lM
I uu MMMW lUMlWI UU.UUU
,. n n , ci
i Will Be CoilCClltralcd Oil Slling 111
i , nr . -
3iX WCCKS
Within six weeks 30.000 men will be
' cntlrpiv iinon tli nuantltv nroductlon of
i ships.
At liresent there are 26.000 men work-
ing at the big shlPJaid. Only 7000. how-
r a n rA .1 iart It AmnlAt t1 In rs lr i-ti.
;":,." ""i" . V ...il. ".": "
a r 1 1 fort I at Antnlnt -ill In ahln niti,
i diiulliui . u Liiuunn uu uiiirin nit;
clerks, and the remainder are laborers,
cannot become it shlpman
nUVnnfK SUPS PirFn
vnivvvii ""' ''
I
1 '
-, -rw sr-. . -
,irnisi linvcrmnnnr l.;itn
- ......w-. v.v.... ........
Chairman Hurle.v. of the shipping
"".: "I" make public today the sites
selected for the tnree ury nocks to be
alonR tllc Delaware River. It Is
rieell
Corporation will finance the build-
Ing
vice President piez. of the fleet cor-
poration, said this was the plan that was
followed in other sections of the country
. Ii... lt.", ,1,.a1. U . A. . l.l.lt, 1 F .. AI.I.I
n, ... .laM.,!,..!.. .1. l ....... ..!. ....
,ufc tnj t.triltl,,.-,., mill. 111 lUBt- ,1MUIC
fanlt.ll WAR tint fnrthpnmlnir. th. HnnLn
would not be hullt here, hut ilerlare.l
that tlle nlan elsewhere unn evnei ted tn
meet the local situation
'rnnnrvc rnD ctiinitL'v
uiuiaiijio tun ami .iii
.,..,, ,
ratihlics for Camden anil (.lourester
ttt.i. . it t. 1
...,,-... j ,u 1c iiiuic-u
rporatlon and has ncsumed
h.,., 'ri,. m. .. i . .:..
, erV,: 'r-enM.nn "JTWn '.,X
head of the employment bureau
- -- -- ....... . ... ... ... ....v.......
Camden nnd Gloucester "hlpworkers,
numbering in all about 15 00U, nre to
have excellent trolley fncilltle to and
from work. A Merrltt Taylor, director
of-vhouslng nn'tf transportation for the
emergency Fleet Corporation, will sivnd
about $11,217,000 on the development of
this Important adjunct to the shipbuild
ing Industrv. The N'ew York yard nt
South Camden, is to have n loop to han
dle the trolley crowds there.
permit the various States to proceed
with their highway work upon a soum'
basis, to that highways may properly
porvo the nation In tranporUng essen
tial supplies was passed.
Today will be the final day of the con
vention. Officers and directors will be
elected. John Burke, treasurer of the
I'nlted States, Is expected to be the
principal speaker
, CROWDER'S DRIVER TO W R
-nw w ui o ummn I J vt -.
. " " " . .
scnus negro to nans.:, niriug cnaui-
, r tt 1 fk r-
' feur Under Dralt
I Washington, June 21-Provost Marshal
General Crowder has sent his negro
driver off to the ranks to enter a
machine-gun school and replaced him
with a man below draft age. This Is one
of the first official Indications of whether
being a chauffeur will be considered a
nonessential occupation.
THROW MAN IN DITCH
Neighbors Punish Husband Who Used
Ax on Wife
Johnnon city, Ta., June 21, Enraged
when his wife refused to get out of bed
and cook him a meal when ha returned
home at midnight after an evening at a
saloon with friends, Alex Blegan at
tacked the woman with an a, striking
her several glancing blows on the head.
The woman's Rcreams attracted neigh-
bora, who rushed In and overpowered the
Biegan was bound hand and foot, car-
rjed from tle house and thrown Into a
dltcTTMialf filled with water, where he
as found by officers summoned from
i Cl.-. B--.le n 1I a tSO PAiVI O 11 fl af"t 11 1.1 11
illK-,, 4V "- .tsas-t.M v
lpp rilOTOriA!S
iV A Wri UERMANTOWN AVE,
rrAlNL AT YENAXCSO ST.
fHARLES RAY - 7?!,?SVn..
George i: Oiler olTlce InanagLr nf the l', ', from the other" rnd"" t ZT1
LmerKeney Fleet Corporation, lias been , onraSm?2ninS stflve The eonSni S
appointed personnel manager pit. ten. of u?da U is" to mi et t?ie Vew York".h
the fleet corpora ton and has nsumtd ' . I-ilVi. '"..,. "'"'.L"? -A' i..,?.,,
- j- -, . - -
The Stanley Booking Corpora
' -rUlE following theatres obtain their
I Corporation, whlcn is. a guarantee or eany snow my or. the. ftne-t tins
. tlons. A 1 nlcturea reviewed before exhibition. Ask for the theatre In -
i.ni- -htelnina- nletnrea throueh the
All I 1-'I. Morrla & Pas.yunk Ave,
nuMUiiuia Mst.Dallyat:: Ev
ES.U;436tl
"VIAU StAKMH in
TUB KACB IN THB DARK"
A Dril I f 5-D AND THOMP80N STS.
rjULJ MATINEE DAILY
AI.TCR JinADV In
ITHK KNIFE"
A Dr A Pit A CHESTNL'T Below 10TH
AKV-AUl 10A.JI to It :13 P.M.
PAULINE FRF.DERICK In
I "HER FINAL RECKONINO"
Ol T irDIDPl BROAD STREET and
OLUtDlrVL.' SUSQUEHANNA AVE,
DOROTHT WALTON In
"LOVE ME"
rHJIDDCCC MAIN ST.. MANATUNK
LMrlxllrZlO MATINEE DAILT
OEOROB WALSH In
"BRAVE AND BOLD"
FAIRMOUNT fiffi
VIVIAN MARTIN In
, "UNCLAIMED OOODS"
tr AlVill V THEATRE 1311 Market St.
r AlVilL-tl n A. M. to Midnight.
BESSIE 1aVE In
"HOW COULD TOU, CAROUNBr
C-LTU CT" THEATRE Below Spruce
3D 1 tt O 1 . MATINEE DAILT
t CONSTANCE TALMADQB In i
-'lliri. l.bD9Uri
s-DC AT WnRTHFRNI Broa4 SL at
MAIN PRODUCTION I. i. B-30, 9 P. lf,K,
"MV FOUR TEARS IN OERMANT" x
IMPERIAL mTSiS&S!7li
'THE TWWOlf ACAKfT
J. W. KERJUOAJ Ji
, lT
-t.
BERLIN
I-
Hi
'
I SHIPYARD BAND
ft"
ATTENDS B.
i
, p., T.,1,- f f...:.1
1 -- j u-hiiuvi v muuuii
ganization of Chestcrif
Plant a Wni-L-nt- .1
Shlpworkcrs held a banquet last,
- - '"
nt the Washington House, CtJester.Tli
pomnn,. ,. ,., c,i-..-t a-1
" "- -"-" " -.- -
! which a hleh official of thn Kmer-tn
Hcct Cornoratlon recently declared.
ba the best he had heard at any of.tl
-. CnM, ,, . . .. d, i
,ion ot ben ., ,, -hlniard band
l the country w hose members, w Ithout e
, ceptlo.t. actually work In the yard, Ma.
. ' en' york Shlpard Band
also handy with shin tools.
... ... j. -,, . ., -'J
"" '"-"- ihciiiuc oi me v-ik
i ;erorf.anl"tlon were ,nt tlle feast a fM
. Chertcr Hlltnvarrl .'was n rtit??it. n. W
Trout, uorks manager, and Henry Onl )Jb
-tor v,0 .i,. i .i. -H,..Vl
: "' "- "'"7 " ' '" . " "'VJZ a,
-...v nim,im is; lillvc Vlliv tll iff Ut
snoke
Albert Hanklns, director ofBt '
1 and ; John Itoberts. assistant dlrectoxij' 4 9
ilelans and march oft at the head of thf"!S
hler ntwti l a 1l h1- . a ..... i . J le1K
raHlnB or reception to a dlstlnsulshedff
Wsltor. ,t
,, ... r L
Xjcr reaav mr ims Htrip vuk, .-
though they have to postpone thelit ;
luncheon, thev are a bl heir. t thdfc
- - - ---. -- -- -&-:
morale of the men who build our ship
a.nd their omelals were unstinted In th,
prm-a last nignt.
The band was J".
. ganlzed last January.
"rfs.
16
id
FINDS WIFE BEST TRAINER
rcvi
AV
Sun Shipyard Baseball Team Gctsf
, ' ' 93 .
Tin Krnm Ti PatTi--
I .-.--w I, ft
The nnW ttllnar tliat I. 41. n m-UkJi. fiJ
,;, , .-. in ,.,c .now
With the Sun shlnvard's liasehall tf.
' says "Harty" Hartllne. the catcher
that he Is the only one nt hf nln wktP-'a
has to support a wife and stay at hoai-f-M
every evening. rW
J ,,e other members of the team fM
to see wnat that's got to do with the
Manning in the column, but Harm
sticks to it that a wife Is the
trainer a ballplayer can find.
' As a good behlnd-the-bat man Hal
lines tii commands respect. Standi.
. ....v.: . ..,'....,!:.-'!. ."-!."'
i" "). mm are in nec-ona piacew
Cupid, reports, no. progress at,,!
omnnff III H IQ rrf.ll.n fl ..I .. fW V.,. N
lesentlng' the Sun Company on the
mond. Of course, he has nopes. but
this case, according to Hartllne, Ji'i
Hoping against nope. Hut cupld bin
has been fooled, and while there are I
wages there are hopes At least t
til. ni finmn nf 1 1 v. Sun hinfa-a 1
- . '-JSj
SHIPMEN PLAY BASEEM
Chester Plant Constructors "WinV
Machinists, 17 to 0
Tho first twlli-ht baseball run i
Jhcter Shlnworkers. nlaved vest
it Upland, between the Outside. 1
Miinists and the Construction uep
men!, wis a great success, nartlcuh
for the Construction men, who piles!
seventeen runs against a cipner ior.1
other Hide.
-viarton, tne machinists plt4-ler, la
eight frco passes. Marrlott'hnd Br
spurned all his offers with hard ,d
)'','. 1,erJ' Part of the field. The''
cljmstll score,l only three hits off i
' der. Tho losers want a return eng
menu
!VIT
Philadelphia'.
Crtfta-ttftafr HarJw-r.it 3(nr
1."-aj
70 to 40 Below Othe
HeadqtMrt
'M
. ?. -n
,OT,f
Jl
carpsm
wcr
and
i-ayt
B-Uc-J
r-"i
V4 Jj
as. mW
PWSN',3
5va
s-, . m
wcnaveii
largest
in the cityfl
select nre
, - v
PAUL J. DEVITTA
.a ana vvaeningien at., rmu.;
Store open cvenlno mild t t?c
SalurfntrvrnlHOutUtloek
rHOTOrLAV
pictures through the STANLET I
STAXLET Bnaiir r-nrt--.i
, " . ajS
333 MARKET fi?SS
CLARA KIMBALL TOUNQ I
"THE REASON Jttvfu,
MOnFI I3 SPUTH 'WT.-CK
ttiw---ii " Contlnuoi:l't j
nuiin DiunaM
"THE LEO ION OF MAI
PALACE'?VS3f.
MABEt, NC
-JVAJij U'-,
PRINCEeSST,
fm
'JL;PrTHK,IKAl
REGENT)
W
RIALTOC
RIYPU f0 w1
-r
RUBY.
te
M
l'fW(D"'
iM'tMirnMa-the mnr:i xw-
i ' Efe,. HV. . '
SSBJBWs-kii !tv
&4
wmin
....&.'