V VU i "" EVENING PUBLIC LEDGER PHILADELPHIA, SATURDAY, MAY 3, 1919 -A - 5f FOE'S GREAT "1919 OFFENSIVE" , UPSETS PLAN OF ALLIED CHIEFS , i German "Drive," Climax of Peace Surprises, Overturns Old Theories of Relation Ucliveen Victor uml Vanquished Begun at Spa Last Fall When Teutons Made Terms for Surrender of Merchant Ships Staff Correpontlcnl of Paris. April HI. (y Mnll). Since President AVIlson'a return to I'ni-Is lias !olno Iio great (Jermnn offensive. It ins swept everything before it. It lias iecn as surprising as wns lino great ll'le toward Amiens n yenr ngo. Wilson, liloyd Ocorgo nnd Clemen iciiu sat confidently in tlieir trenches Witty debating the eminent strategy ot linking all future wnrs Impossible, iwlicn l i jnc liermans nnopioti tnc unexpected Ivti n"'cs f niahing tho present penre ini- oussiuie except on incir own tr-rnis. Every one familinr Willi the great ivnr ns it evolved insisted that it was l war ot Mirprif.es. No one could tell ivhen something new, some gas attack, tanks, novel massing of men, would not ittcrfy change its ehnrncter nnd destroy A the best-laid plans for victory. It has been followed by n pence of surprises If you can call that a peace which nmy itui eventuate in wnr. with nil central ind enstcrn Kurope, inspired by a new rconomic religion, joined in combat Igainst western Europe and America, Tables Turned on Victors This is the possibility that looks blg gost today not a probability, I should nay, for all the world wnnts pence, the one thing the Pence Conference seems incapable of producing. In this peace of surprises the biggest surprise of all was for the victors nnd vanquished sud denly to find their roles reversed. There is no precedent for it in history. The 101D German offensive on Paris began at Spa, when certnin American, English nnd French commissioners went there to demand ns victors certain firr mnn mercantile ships which the Ger mans, ns vanquished, bad promised to give them. The Germnns said firmly "No." unless on certain terms. The Allied advance guard at Spa fell back on Paris and, scarcely ns became vie tors, granted the terms the Germans had demanded of them ! AH Paris Trembles All Paris trembled. It has not since reiiRerl to tremble. It thinks of Sun anil writes terms ot pence, thinks ngnin of Spa nnd rewrites, thinks again of Spa nnd reorganizes itself into a smrtll and .theoretically highly efficient body and . goes into hiding. Spa was not fore seen. President Wilson is, by univer sal account, a great stalcsninn, who is capable of sciug farther into Germany' than nny one else at Paris. lie did not sceSpa. Ho did not sec the great German offensive upon Paris in the year 1019. A few weeks before be went nway I from Paris to America, smiling, roseate, confident. It is currently reported that i bo said to his friends before, lenving that the intention of the Peace Confer ence was to write the treaty -of peace, invito Germany in and, say to her, not unkindly but firmly: "Sign here!" lie did uot see in February that that could not be done that the time had passed when an imperative could.be ad dressed from Paris that would carry across the Rhine. This is recorded merely to show how Immense was the surprise of the great German offensie of 1DM. The man who was making thc(pencc ot the world was taken off his feet by it. Wilson Caught Napping How did it happen that n great Matcsmah like Mr. Wilson, the Ilis mnrck of the present Peace Conference, was thus taken off his guard? It hap pened because of the power of words, a jiowcf which Mr. Wilson understands thoroughly nnd uses with, tremendous effect. Words had mnde him the Uis marck of the present Peace Conference. Words made him, forget the essential difference, between' Wilson in 11)10 and 'ISismnrck in 1871. These words were 'victor" and. "vanquished." Had not thesu words always meant certain solid Mibstnutinl things highly satisfying to the man who could apply the former of tlicm to himself? v Was not tradition all one way? Had not the victor from Itomau days always conic to towu with u splendid procession of bouuden captives, magnifying his dignity and gladdening the eyes of his fellow-citizens? There could be no doubt what was the jmport of victor and vanquished. The, victor wrote the terms of .peace. The vanquished walked in. Inlnltl his own head on the ground, picjtfd up me victor s right toot unci placed It upon the abased liend as a sign of how much he liked the peace. Ily CLINTON W. GiLIlKIlT he I'.irnlni l'ublle I.rdirer With the Tears Delegation Copyright, 10t9. on Vuhttc Ledger Co. nries of peace. It was such n little thing, why put the league of nations covenant in It? The i;cncc Conference almost broke up into n wnr on this sub ject. Some snld wisely, "llecnusc wheu that preliminary gets signed that will be about all. We shall all beaflt for home, leaving the professors to do the rest." It was a great discovery. The pre liminary treaty ot peace Is the real treaty of peace. The. trouble, with it wus that it did not go far enough. In these fast times the real treaty of peace is the armistice. The rest of it is a job for the professors, or should he. The mistake Mr. Wilson made when he thought cheerfully "of making Germany "sign here" was in uot realizing this. When it conies to u job for the profes- .. . i l r 11.. nHnr... Mirs, ucrmauy, me inu.i m im uuira sors, is as good as tlie best of them. Dcst Terms in Armistice Under modern conditions your best timo to get' terms from the foe is while your armies arc wluuing, wheu the armistice is signed. The Germaus ... .. . . r, ft it. saw this lirst. ncuce opu. urare hib great German offensive of 11)10. What importance nttnehes to the Ger man threats not to blgn the peace treaty being made nt Paris, which have sent shivers of dismay down the spine of Moyd George nnd Wllsou? The Ger mans have pnid that they would uot pay n big indemnity, although this is the barest point In England and France. The nmount of reparations has been left blank nfter the claims of the British nnd French representatives on this com mission have, been steadily whittled down from SlOO.OOO.OuOOOO to n little more than $20,000,000,000. Germans Block Claims The Germans have snid they would not sign a peace which gave Poland Danzig nnd n corridor across Germany. And the Poles, nt this writing, are not goiug to be granted their full claims. The Germans huve smcl that they would not sign n peace thnt alienated nuy German territory across the Ithine. And the French claim to the Soar Valley was speedily, converted into a claim for coal from the Saar A alley to compensate them for the loss of French coal through wanton German destruction of the mines of Ins. . Every time "llernstorff, Brockdorff. Scheidcmann nnd Erzbcrgcr spoke. Wilson and Lloyd George revised their peace treaty, which was being written nlwnys according to the most .sacred principles of justice. In this process the fourteen points were rediscovered. Their rediscovery was one of the amus ing incidents of the recent days of the conference. In Kurope House Uses Texas Methods. While AVIIson was away Colonel House nrrnnged n peace. Presumably he kept Wilson informed about it by cable. House is used to trading real estate in Texas. Wheu you have real estate in Texas you have no fourteen points. You plough a few furrows and call it n street: you nail up u few sign board and your street is named. .You print a map and you call it Houschurst, and you sell it as a flourishing town to the fellow who hasn't got time to look at anything but n map, or who doesn't cure, because he Jnows there is a market, for tlie .world is full of people with faith in maps. Wilson's absence wns the mnp-mab-ing period of this" conference. House, Clcmcncenu and Balfour made a map and called it "peace." The wtst side of the Ithine, split off from Germany, achieved "Freedom," the first two let ters of whicli word were likely to bc retniucd by it, the others being changed in course of time to "ancc." Poland got a highway across Germany, splitting im- uiupiiu in iwu puns. 1. Wilson Was Lcqlent Sir. Wilson was a 1)1!) victor. He wns willing to uhato this ancient cere, mouy. The vanquished would walk in The victor would thrust a fountain pen at him, indicate a dotted line and say bign here." all in his (the victors) own good time. Whntcvcrybody forgot was that with ev.ery day (hut passed after the sign ing of the armistice the power to "sign here" lessened. When the armistice was offereJ, with a guu at Germany's heart, with a million men within a week of capture, the Allies could say und did cay, "Sign here," Hut with the ces nation of hostilities the armies began In disintegrate When Bismarck and his predecessors made pence, the will to fight wus in the head of the state. Thnt was enough. Toduy the will to light has to be in the army Itself or in ithe nation itself. No pne cuu uow re unite war upon Germany. New Kind of Victor A victor today is .something different from 'u victor a generation or two ago. It ho wants to assume the effeetivo pose of the past he must put ou his patent leather Bhoes at ouce, to use the vanquished head like n bootblack's box. No time Is to be lost. .The ngo is too ijuick for triumphal processious or fori pence conferences, A cynical parson snid tlte other day he was sure there would ncrcr bo an other great wur not because of the league of liMluus, not because the world would not endure another great vynr, but because It would not stand another peace conference. At leuM jtlicro ueicr will be another pence cufl ' KJefonfe. like this one, '. O 4f Conference Almost Ilrulietr Ki Look for "14 Points." Lloyd George was away during this Texas real estate period of the con ference. So was Wilson. Wilson got back. So did Lloyd George. The 'Briton snid this map is not in accord with the fourteen points. This sounded to Wilson like n reflection on Texas. He nros'e in the-big ten and said so. As tlie author ot the fourteen points, he protested the right to interpret them. For a moment it looked as if the Peace Conference wns going to turn out after nil to be a wastcbaskct incident. lou understand bow a wnstebaskct may upset the peace of the world? When you, have pup somcthinc into vour wastcbaskct and regard it as disposed of and the other fellow digs it up and reminds the world of It nt uu embar rassing moment It Is worse than nil unfriendly net. It It a thing not done among gentlemen. In past peace con ferences somebody's mistress wns al ways the repository of the thing that ought not be told. In this age of good morals there ure no mistresses at a peaco conference nnd the wastcbaskct threatened to take the place of the mis tress. X "Near Interpretation" Tlie record is snid to show that Mr. Wilson examined tlie thing whicli Mr. George brought out of Ills' wastcbaskct and declared that it did not mean what the Briton professed to believe it meant. Wo stood on the point of having a new interpretation of the fourteen points, which wns likely to be known to his tory ns the Texas exegesis of the four teen points, wheu suddenly the voice of Germany was heard. Mr. Wilson cast his eye again at the document Colonel House bnd discovered In the wustebaskct. He said it did mean till Lloyd George had said it meant and more, too. This wns the rediscovery of the fourteen points. It is not fair to give tho British premier nil tho credit. He heard the voico of Germany a little boouer than did our President. That Is all. It was in January that he discovered the four teen points. Their importance was that Germany's name was signed to them. . No Grip on Germany When llernstorff and his associates begau to threaten to reject the work of tho Paris Peace Conference men tlie lut ter began to cast about for Bouicthing to hold Germany to. There wns no way of compelling her to do anything, nt least while President Wilson wns help ing to make peace. What bargain could you bold her to? Well, she had ac cepted the fourteen points. Then in terpret them literally, strictly as Ger many herself might, nnd perhaps you might couut upon her signing the peaco. The Texas period of the Peace Confer ence wns nt an end. Suddenly a new idea came into vogue. Tho idea was of Germau inspiration, not directly, but the men hero casting about to put themselves in tho place of Ger many, naturally thought of the German way of interpreting the fourteen poluts. Hitch in Polish Solution Why not put 2,000,000 Germans un der Poland? It wns necessary to put Germnns under Polnnd in order to open tho wny to a real future for Poland, and not. leave her to fall into the clutches of Germany. Why not. indeed? Whv. precisely because it would be nil right to put 2,000,000 Poles under Gcrmuuy, Pojund being a small nation nnd never able to resist nn injustice; on tho other hand, it would be uuwiso to put 2,000, 000 Germans under Poland because Ger many is a strong nation and 'would some day undo this act of the Peace Conference. This is official. This comes from men close to Wilsou. You mention leugue of nations. You arc told the league of nations would rather ussume the responsibility for Poles under Ger many than for Germans under Polnnd. 'Prudent league of nations, it borrows the ancient Gcrmnn doctrine of the su perior right of,grent powers. Since the German offensive ot 1010 the peace has steadily been made with an eye to please Germany. All quar rels have sprung from the difficulty of pleasing France nnd the business in terests of England and of pleasing Ger many at the same time. Sees Compromise With a Von Naturally, the arrangement being worked oiit is n compromise, and per haps Germany will not accept it after all. What pressure is there upon Ger many to make peace? Will fche go Bolshevist nnd refuse the peace being written at Paris? The greatest pres sure upon Germany is her own desire for peace. Germuny, like all the rcs't of the world, wants an end to tho prcs cut situation wants to .start rebuild ing. Everybody .wants peace. The Bolshe vist, is .no exception. The Bolshevist wants peace, Lcninc wants peace. The new Bolshevist or radical socialist gov ernment of Hungary wants peace. The Scheidcmann government wants peace. Its successor', whether Independent So cialist or Bolshevist, will want peace. The only way any government in Ger many can become permanent is by get ting Germany back to normal, by re storing industry, by providing work and food for tlie people, by building up the national morale and by reviving) tile will to work nnd to save. Broken, de moralized, tending to fall apart, us Ger many Is, her pcoplo wnnt pence. World Wnnts Peaco The desire for peace is the most fundamental of modern popular desires. Tho world has the habit of .peace. No one can feel at homo in a world which Is not nt peace. Next to food Germany wnnts pence nnd nny government which comes to Paris, whether Schcldc mann's or thnt of some Bolshevist suc cessor, will seek peace. Tlie quarrel-the world onco hnd with Bolshevism, m Russia, was it would seek pence, even dishonorable peace, when the world wunted it to make wnr. It is well to remember thnt when predictions nrc mnde that Bolshevist Germany will re fuse to muke pence. Germany my hold off when she comes to Paris becadse she bus learned her power nnd because President Wilson's recent sending for the George Washing ton and indicntlng disagreement with tho Allies have shown the weakness of the Paris group. It would only be good bargaining to refuse at first n ml seek concessions. But In the end Germany will seek peace whatever her govern ment is. Expert Gentian Ilexolt if the Allies do not make peace with Bolshevist Germany it will be because they refuse to treat with Bolshevism and make peace with It as they have refused to treat with Bolshevism and make pence with it in Russia. They can get Germany's signnture to peace, whatever that will be worth. What it will be worth no one can say. Everybody expects a revolution in Germany that will make her promise to pay of little value. Officials hero say privately Germany will make her first payment nnd thnt Is all. But a pieco of paper will have been signed nnd the Peace Conference is' now so weary thnt it wants nothing but to get a piece of paper signed and go home. Wilsou will 'show it to his people nnd say it is a league of nations and the end of nil war. Clemcuccau and George will show it to their people nnd say it is a promise to pay their bills. That excellent Bolshevist, Bernstbrff, will pir hnps show it to. 'jis people and say it is a contract with tho devils ot capital ism nnd therefore immoral and of no effect. Paris mnrks n stage in things rather than the end. FATE OF LIEUT. DOWNS SHOWN IN DEATH LIST j Five of Seven Dead in Today's Casualty List From , Philadelphia Five out of the seven Pennsylvania soldiers listed ns dead oil today's cas ualty report arc Phlladelplilans. nmolig whom is Lieiltejiaut Norton Downs, Jr.. killed in action October 2!'.. 11118. He was previously reported niK-ing in act Inn. The dead are : Killed in notion, previously reported miihg Lieutenant Downs. I.enox Apartments: Private .Initios N'eKon Bradley. .",:j Pennell street, Che-ter. Died from accident and other causes Corporal Clarence It. Scolt. !t: Tusk er street: Private Cornelius Grilliu, 1(!18 Spruce street, anil Private l.nvnl A. Dickey. Pittsburgh. Died of disease Private Angelo Mi dill, fill! Christian street, and Pi'iwilo William M. Dixon, East Lemon. Seventeen Keystone stnte men are reported wounded iu -nr,ving degree, nnd of this number sl are Plillndel phlaiis. Two from Ihii city arc among the seven men previously reported niKs ing in action, who lune now returned to duty. Lieut. Downs was the son of Mr. Phoebe Warren McKeau Downs, and wns twenty-three jenri old. lie en listed in the aviation corps immediately after the outbreak of the war, mid trained at tho Cornell l'nlversity flying schno He saw several months of Heine service on tin- Italian front nnd then wns sent to England for further inten sive training. Soon after his nrriuil in France lie was made u squadron commander. Ho me his death in mi aerial combat over the Gcrmnn linoM, Lieut. Downs wns married April !), 1017, to Miss Alice Cliapniau Thomp son, daughter ot Mr. and Mrs'. Henry Thompson, of Morion. Wounded men among the casualties follow : Wounded Seerely Private AVillium Bntfus, Allegheny avenue and Hancock street. Wounded, Degree rndetermlned Privates Joseph Martiicci, !I18 South Sixth street, and .loliu II. Randolph, ;il57 North Howard street. Wounded SMglitly Privates Hugh A. Dever, 271S East Cambria street ; .loseph N. Nicorvo, 500 North Klx'ty- fourth Mrcet ; Daniel, D. Heiner. 101 North nriythiril street. VoiindedAI'rclotis Itrporlcil Missing Private Hurry '. lliii'linniiti, -! I'l ' North Second -si reel. j Hcliimed to Duly. I'lctlousl.t Itrpoiteil, .Missing . j PrUates I'niiik Kualck. 152! I Stile, btreet, and .Ionic. D. Simigc, ."iOll . Itbdmnu street. PEIMNA. BOYS LISTED AMONG CASUALTIES Morrlntni Frank Ivvlntoll,' AnFnnln flrft-ln 4.'sii South Stiles -tre:t. rhllriilelphlarFllaK)' JIarlanacci, I'upnnu tHinoy numinrcco., Crabtreei Jain"" I). Havtisr. rfS09 Uroadmai atiTft, Philadelphia; U-orgo F. SmIUi; Juniata. V ns' War Department Roll Today Contains Several Names From Philadelphia t HOG ISLAND OPEN SUNDAY ! Washington, May .",. The following ' Pcillm Ivanillllh lll'l nmntu tlin nvnrcnfla '" 'UMinllies list...! today by the Wnr De- Great Shipyard to Receive Visitors, purtmeni : First Time Since Armistice For the first time sine Hie signing of.tlie umiMii'o the gales nf Hog Klaud will lie Hi row ii open to Hie pulili. morrow and -p--ni I program lia been piiivatiis vtiiiiu nrrnngeii by the American liilcrnat'tiuiii j . Shipbuilding I 'nrporiitinn for the niniise liicnl of the thoiisniiiN who lire e pei'leil to tiil.e a.lviintagc of this op- IMril from Ar.iilrnl uml (lllifr 'ntir ,y"!U'Wl'''h'r'": I! Rett. 3 Taaker hir,?.'. l'lillMililH I'ltlVATHS Ixj.xmI A Dlckov. PlttBliurRh. Ifinir.1 hi. II int., til,., .j i .,.... . j i. 1. i i " niTin.- mh-'-i, i nun lO- . " ii'imi, I 1 m....)...! Uh. a!.. a been i litlv.Ti: wiiii,,,,, u,ri. 4ni,.., l...!!" nll'l Mlllif.uL- .lr.i.1. lihll ..1. L.t.li. I" Mli-ni-wli-B I'lltslmrgli. ' Fear for Missing Teacher U-ifrobe, Pa., May S. Great concern is felt over the mysterious disappear no.'.' of Miss Etiimu Austrnw, the nine Ltcen-ycar-old teacher of No. 8 school of I Jerry lownsuip. ou Aion.iay evening. Miss Austraw was a successful teacher nnd hnd no trouble in her school during the term. Her family scout the Idea' that she may have had n love affair nnd eloped. About the only clue thus far is that some one saw the young woninn in nn automobile. & m ?j r llrBTpo I'liHplprinlnr.t Arthur Amlrws Andrews, portutilly to inspect the big shipjiinl. IMuoen - iin.l .'! o'clock tomorrow afternoon Hie l.ibeil.v Ituiiil will give u! concert, nnd nl '.' o'clock Williiiin Mather Lewis, of (lie lulled Stales Treasury Department, will speak. Major (leiieriil Mulr, of the Iron Divi sion, has also been invile.l lo address tho 1500 discharged soldiers now work ing nt the shipjui'd. Tlie lirst shipyurd in Hie count rj l.i reach its Victory Loan cpiolu. Hog Is land workers have not been eonteht with resting on their laurels, and the workers ore now trjing to reach the SiMMlUMRt mark In bond sales. 31 YEARS IN POLICE SERVICE Detective Thomas Harbldge Cele brates Anniversary of Appointment Thomas lluibldge, :!!I'J7 Aspen street, is celebrating today the tlitrty -lirst an niversary of his service us patrolmun and detect ive in the llureau of Police. This is the record in the department for continuous' service of a member of the detect iie force. lie was appointed on May :t. 1SSS. During the thirty-one jenrs of bis service lie has never been before the police trial board. lie bus liimle many important arrests during his career, among which was that of Charles Perry, who was hanged for the murder of Professor ltoy Wilson White, of the University of Pennsylvania. His hrother. .lolm H. Ilnrbidgo. n patrolman of the Sivleentli district, re cently retired from the department lifter serving thirty yarn. Wfiumlril, M:imi:.Kxr- .Vorthiiiiinliin lUINAThS- li.i.ie I'reMmnn. llnrrlsluirB. l,e.,rBe IwiitlilriHi llnnersvllle; .lini-t.h Mh' '"'.' ' "'s Smith SWIM Mrcrt. IMiIIuiMiiIiIh John 1 1 liamlnlph. nili7 Norlh llnwanl tli'et I'hlliiil'lplili Vtiuin.I Slhthllr . rill ATKH liimh a DfVfr. 1117 Kn't i HlnlulH itri-M. rhllJilolphla; .Inmva T Kern ' i.iiliii . Mruwr '' Knerr. Coj.mi stmien Joliii Mmkley Minim .'iirmol; .Ininh N ll-nln ."lOll Nnrlll Hllh fmirth .llKi.1 lhll ii.MlihlM. ,IuhpiIi Sllrjeeli, Tlirlln rreok .Mom-b s. Illiy, .up. I'.inl.l l. Itrlnrr 401 Smth. ririi-thlril sire. I. Philadelphia: Joseph s'lmliv. Sfir Junction P Triangle Steamship Company, Inc. S. S. WASCO Now Receiving Cargo , at Pier C. P. & R. - FOK Antwerp and Rotterdam Full Brokerage Paid Apply 7 J. DALTON , General Freight Agent JnV.vt Rtdo wa-nfado, "t ' ? '.. Phone Phone, WalHHt WOO Now finish up the job. Subscribe to the Victory Loan. j ' TSADE MARK Insist on this label. nfoW lS' lfc CC . 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Your Superior dealer's name and the Superior Underwear Guide for this season, containing actual samples of Superior underwear fabrics, free on re quest. The Superior Underwear Company, Piqua, Ohio. Si THE PERFECT UNIOSUIT. You can get Superior in either body-fitting knitted or loose-fitting cloth union suits. Take your choice. Both Kill give you 100 ftr cent cool summer comfort. The Superior Uoie-fittiug cloth union wit lllr.l r III. mm t'niv.vi i;s wiiiiimi m nixnn, i:.ni I.oiiioii AiirxIi, Mlrlill. 51.1 (.'hrlftlhili Mri'H. rhllinlolphli Mllrri In Arllon ll'rultnul- Rrporlril Weill riltVATK .tmiii-s V'luiii Ilraillry ,134 lvnn.l Mrrt. .'hi'Mer llli-il l.'rrloul Ki-txirfrit MIIiib In Arllnn) I.IIIl'TG.WNT Norlim Down. Jr., Ttir.',; Tun Wouii.leil, llrcrfc t'ndrfrrmlnrH (l'rTlouly Hrpnrtnl Mlnnlm; In Arllon) r-IUVATi: Hurry I' Ilurhnnnn. :HI3 N'nrlli S lid nlrrc! 1'lilluilHphl.i . Mil. In lltiiplhit (I'mlnn! Itrportft! MNiIiie lit Arllonl l"ll Ti: - Allrrrl A I'lnliock nrokv. lllr Itriuriifrl In Duly IPmlomlv llrpnrted MUiIng In rtlnnl rnnroilAI, Wlllinm I.. Hill Huntingdon I'KIVATKH Frank P (letir IlHrrisburir, Ro 4(1 OM E writes W.Wilson N. Lenine"on her walls, fears, France, mistrusts America why?' Rea'd"Theaiter- native in Italy" in this week's issue of The Natiotly 10c ' At all news-sUnds Subscription $4 a year I ', "?&, 7 M Thow rf if nnn Ever Carry Hot Water From Kitchen To Bath Tub? The batli tub which can't be filled with hot water from the tap, whenever and as often as you need it, is scarcely worth the space it occupies. Hot water i9 never a matter of "guessing or good luck" in homes equipped witli the Lovekin Heater. atcrisnlways as hotasyouwant there's always as much ot it i 'Zr as vou need. And the gas consump- tion is surprisingly small. Approved by the U. G. I. and nunurcas 01 nonie owners, oena xor cirtuiai. THE Mi 4 nWl - lw-f UyWQMMi AUTOMATIC GAS ATER HEATER 39 Laurel St., Phila., Pa. Lovekin Water Heater Company v i : i ij i "i 4 1 1 r iil ; TT . Wl: !- " ? nflE3 i &t l Victory Liberty Loan Industrial Committee STUDY EXEMPTION PRIVILEGES, IS ADVICE TO CORPORATIONS Large Individual Investors Also Will Profit by Thorough Knowledge of the 1919 Revenue Act itrn.ider eseinptlon prlvlleces tlian in any ot the previous liberty Loan Issues are chen In the Revenue Act or 1919 ns It applies i? the Victory Loan Notes. Few Corporations who are subject to the Kxcexs Profits taxes and few larger Individual Hivestitfs ho arc subject to the surtax under tho income tax law are familiar with tho full value or incse exeuiiuuu. Thus far In the campaign these two classes have not made as good In Kiibvcrlblnc ns tnc enip oyees navo iiiat-e. The ih'w ltevenuo Act inaUes It perniissllilo for a purchaser of the 3J, 1 virinrv Votes to borrow the purchase price and deduct the Interest paid from liUrron' income without Includinc in ills cross Income tho Interest received from inn nnies This advantage is as fully available to corporations as to Individuals. tno notes. ' "J tl ?sulne tho case of an Individual with $100,000 net Income ,,, Viurchases $200,000 principal amount of 3 Victory Notes on jnonejr i'lfi. fia.'. Tho loan to carry the purchase will be at 9Gr or $lS0,000. record ,, 'wl 'm borrow ine inieresi on i-.iu,uuu loaneu e.i on tlie juo.ouo victory 5 nn account of d (Terence i" the Intorest nald. $9,035. .inriiiptlble from tho purchasers taxaoio iiicoine, snowing at ine appncaDis . . .... .....I ....1. n. nulmmit I1MI1I1II l .na mNkm: lllO UVJlUrtl l-arii "i'i.'.'".. y.,-. it 4i co amounts to $9,026 whereas tho Interest receiv vm ..! S"i amounts to $7.fiOO showing a loss of $1,E ,u;.n ... .i . i.lt-r.t i-(.C(.ved is not taxable an ( I8"r surtiiN plus 8 normal tax) or 58 of $9,025 a tax saving ot -est. Jl,tZI. Investment. would have cash outlay ...rl.t rsitp (18vr Kuriax uu o,r ;?.". nv deducting from this tax saving or $5,064 the loss or lntei $5,0"l. ? ..... l.:.Vin. of J5 S"i I xlinwn on tho Init al $10,000 cash ? iS sionoo had been used lo purchase $10,000 notes the Income hPeiitsU. Thus the net annual wiNing is $3,151. on an initial $10,000 ,. nill return. in ine Fain- ".j Cornoratlons, subject to the highest Kxcess Profits taxes, '"' purchases of ny, Victory Notes at 4i and realize a substantial HI from tho tax taved ocr and above the difference between Interest paid nnd merest recuici. The various groups ot tho scrlptlons Industrial' Committee report the following sub. Slc-1 and Shipbuilders. .J2IKI.OOII . i-ia.lBO riSffiSi. '.: :w. " AM'on i-liHiriiwn. wm. wre'i'-ii. t'hocnls l',00',-; sun ShlpbulldlnB -.) sunscniriKi) hat 1st . floi-t Coin. (Hdllllonal). 10,150 """rSip"1"-1 SHIP Kn B'.dff. - r .rinllP 10 nooM.imlrrs. T'rlntcra. etc. Charles K. Jenkins. Olu.lrmn. sonscninED mat isi .1 H I.lpplneott t- Oo Wolf Bros 1'ienbjiiT an imaru. . I " Kna Johnson & Co iMw.ir.i Kt'rn,.i co : illnlm Ticket -u. . . , llni. Lane A. "' , VVni Munn,t - ; ! HPl!!r" ArmiYroni-Hn.i nteiri: Jiirni... VhOv Oawtte Tub. Co.... r I. Ward Co. N V. Aer 4. boir , r-mirl 2 Cotton Wool and ! Chairman .Charles J. Webb. 11 noil .. p.- T.tH y A nominaii a --.. - ' vnrili Ainer can Laco Co... I Walter 11 Unli" Sons.... I sku. Sit Silk M'- Lo I colllna S. A-ckman.... . s Feltnder Hons -o I ir'r t I'ancoaat.. .. I A J. Lailieinn - ..nnn wr .F"L"7n,LSl;mour; c0: : : : : : s:oo0 .in nnn l .' inc. '. '.'.'.'.'.'. '. .' .' .' .' '. 77." 000 t m.nrinl - nros . i"-. - Phila. Tapeeiry .11111 47.000 44.000 13.000 15 150 13.00H 10.0011 10.0011 "1 .000 lo.ono IB. OOO 17.000 L'o.oon 10.000 100.000 Carpets JSo.MO rio.ooo 17.000 jn.imo 10,000 10S.300 10.000 50.000 10.000 25.000 K 1. ilu null" I nrownhlll Kramer... I Cnatea "ru Wllaon II. Pr"w".' 11.050 32.000 and Dealeri. $20,000 50.000 yS..I.MI 1R.000 10.400 15.0110 17.500 Charles iinOUP 3. Automobll Mfrs. C NrnVan, W " McC-llouih. A M. Colllni MfB. -o Hie" tr'" Tarhoineler Corp (leiwral Motor Truck Co niielow WI1W Motor Co White Company ntmiip 4 Tobacco. Chairman '. ''" hnro $10,000 -44 'pirnrC ! inc. and cmploe.. aoiooo llJn II Ciowman'. Son 80.000 ' nrtOUi' 8 Suear llefliieri. llolela. Meata and Pro lln"i Confectlomn. Chairman. Krank P cron. N. V. I'l Baklliir Co. National Biiran-v.". 1'relhofer Ilaklns Co. . . ..... . . ..... Quaker City Chocolate & Confeo- ilatoa Home-mail" Candy Co TWlev ue-atratfprd Henry r. Ortlleb I.leberl tt Oberl John llohcpadel Bcbmldt & Son rtobt. Smith Ale Cn ,. Prospect Hrewlnl C W J. MeCahan Sutrar Itellnlng Co.. Kolb Makerlen Stephen F Whitman... v J. C. tlontanue I tv... K. Mlchelhaih t Sons !.., H. O. Wilbur &, Sons.,.,. ..i.. . nlumenlhal nrp.. Phl'a. Ml. Protective, i,., Adelphla uoiei $10,000 25.000 10,150 40.000 10.000 S7.KO0 10.000 10.000 lo.ooo lon.o.xi 25,000 10,000 250.00O 50.000 50,000 15.00.1 15.000 , iB.noo ... ion. oon ... 1.I.KOO ... S3.B00 Chairman, C1P.OUP 0. Oil. Soap. Klcctrle Contrac tors. Chairman, Joseph W. Lucaa. Iji Frnnre MIr, C $102,000 Atlantic ReflMm? Co 1,000,000 Sun Co 170,000 I.arkln Co. of Ta 10,000 Klcctrle btoraRe Battery Co 150,000 Harrlpona. Inc. (employes) 10,000 litres-Turner OIuss Co 50,000 Ohio Cities Oas & Electric Co 50,000 UKOUP 11. DruKa and Chemlcala. Chair' man. Joneph V. I.ucaa. Ueorne P. Pllllnir & Suns Co $10,000 National Ammonia Co 15,000 Smith, Kline. Kren.-h Co. ,.... 15,000 II. K. Wampol" & Co , 23,000 Mechlins llras. MfK. Co 25.00O Pa. Salt Jlfs. Co...- 50000 J GROUP 13. Machine Tools and LoooraO-, J2pS lives. .Nicholas V. I.losd. Chairman. . Xk5fe ?.' 'i'r A1,lfn f1 K 30.609P II. 1 1, Hood Co 13.250V:Sfaei Stoken t Smith l'n ' i!'S;.1ia.,w"i Sihuttte Koertlnr. i.inK ueit Co Connery ." Co Hemenl Miles Works Steel Heddle MfK. Co Lapston Monotype Co American Pulley Co...,,,, Karle Gear Moch. Co..,, J G. Brill Co I' H, Melallle Packlne Co Moure 4 Whlto Co , J. H. Johnson, Jr., Co.. Inc. American Bntr. Co...... ' Wm. Sellers & Co I..'. rinlus Olsen Testlne Much. Co...... Geo. Oldham & Sona Co ,Gn0UP 10. Hardware, noVe Chairman. Walter A. Hal ley. P. & I'. Corbln t Corbln Cabt. Ixitk ' lepry Uls'ston's Hoiia . .' .' " .' .' '.'.',', ', ', ' " ..wniiicj rilV I.U..I Henry Dlaslon Sons.. (100 QROyP 1 7 Lumber, FurnlturB, cSffi! :mn4 Fred 8. UmJerhlll. J Cblr t.AiinU 1 ft fiAkirf. 10,850 a?rtrs f 1-952 wri 40,000 1 0.1 no. 19,000 31,700 in.oo lI.lBf 14.100 11,000 60,000 57,600 17,600 Twlna. $10,000 '64,450 10.000 70,000 $10,000 it.-i' ' r 's -fea M man i-rnnayivanla Lumbermen's Mutual (forty thousand dollars of which waaluh. ecrlhed hv estate nf W. D. Wlnsor J GROUP IS.-c-onl. Hhlpp'n0-' Trade, chairman Arthur Kupplneer. ""' American nredajne Co nnn nnn '. c. A. Baldl & Co l'.v1ina,!D-',:",''i"-' ' c';"''n: ci.-ril? Alexander Broa "" .9, non1. Mitchell t Plerson.. ..:.:.'; f&gS?, Uuneaii-Hood e. Co. (Including VlSO 000 - fir.1? .'0'"P.n'. ;. 1. ... . .T:. R80.0OO . inia initial sunscliptlon or $ OHO 000 front- '"-S'J Dur.jran.lood & Co. la the larn.t 'ind vliSii , T. .uiijcripiion received trom any-of the leather -ilsl trade so far. and If,-., la ,nn .-.. .ln". . fli s.'KFA.teMT co -.:: ..-.-: :. risk . & ssi HurpaM Uather Co .1. .'. I. '. b 30M Jon. I, Mrmy & Co. A'A.t.. w 'I ' r . in.mHi a; mum .. comintasloii Werchaata. itlik t. "LIB Win 'v rKml.h Ch"lrl,",n- A'dton V. nnatari fj ' C. H. Rlninrold..:; . .....I ...'.'..'. ls'ooo , (IROvJP 21. Clothlnir. Hata and dap, , BryrjA , I Oooda. Chairman. Irvln I,. Wilson, ' " JV' M T rtnhi...n v -.L' lit -M '" 'Mi' rl , jw.injn. j.. . " .. !S HlS -?' ft- Chun. W. M. BteppsJt ft T)tou n BfvsaA.:::::::::;:.;:; i Ml.l S.i 10.l rs"'B. GROUP 7. Flour and Grain. Chairman, I iran Company ., 4. .......,,.'.. Iialina, M'. , HarWr ,m...- ,.J4.- $11,000 )oitnl Asphalt Co, K'4'., tlif&. iJi'.jJlSB " 1 Vnni. f'afirthuisa bu ' ., rv - ;':. Haflelah I Cn. M. Silverman S Sons. Mullivan Co,.. , ... . 4,,.., . to oaM GROUP 22. Contmetors. Bui M,.-:rSr 1Ia fl,I.Hin rt f .aa.T l$, i.i..i.a4i. ui r. J-a.eicillFJl. 1 Anat 01 l II ".1 -& f A a - v fijiji-'v- 'sral - N mmztemil &.., s, -Lih.. .. :Mi