Newspaper Page Text
Fair, colder lo-day; to-morrow
fair; moderate north winds.
Temperatures esterday Max
imum, 68; minimum, 36.
London Chronicle States,"Up
on Good Authority," Ambas
sadors Have Chosen Course.
AWAIT OFFICIAL SUPPORT
Variance of Opinion as to Details,
bat Essentials AreTSaid to
Have" Been Decided.
London. Jan. 8. Peace is tn sight' In
the Balkans, now that the powers have
taken a hand In the negqtla,tona (or a
settlement. According to George Renwick,
the Chronicle's correspondent, recently In
Constantinople, but now In .Lqndpo,. ibc.
ambassadors "have definitely formulated
a course of action." He continues:
""The decision was arrived, at unani
mously and was placed by the ambassa
dors before the respective governments
for ratification. It Is expeeted that- by
to-morrow the sanction of the great
powers will havo been received by their
representatives In London. As soon as
that Is the case the Turkish and the
coalition delegates will be Informed of
the desires of the powers and of the
policy the) will adopt to bring about
Aukc on Essentials,
"Little has transpired as to the work
of the ambassadors' conference, but 1
liave excellent authority for stating that
a complete degree of unanimity on all
the essentials exists The determination of
all tho powers that there shall be no re
newal of war. and a noticeable point In
connection with this Is the activity of
Russia and Austria In favor of peace. It
would be incorrect to say the ambas
sadors' conference is completely united
with regard to every detail which the
complicated eltuattlon of the Balkans
presents for solution. There are minor
differences of opinion, but these do not
concern the immediate problem to be
The Times prints the following dispatch
Discuss Peace Terms.
"At a meeting which General Savoff
had Tuesday afternoon with Nazlm
Pasha at Baktchekeul on the Bulgarian
side of the TchatUa lines the possibilities
of peace were discussed. Savon! Insisted
that Bulgaria could tn no circumstances
le satisfied ifnless Adrianople was de
livered into her hands. The Turkish
Minister of War replied that he hoped
peace would be signed within one week.
The Initiative for this con venation
came from Turkey.
"According to letter" from the Bul
carlanl lines before -Adrtajopa Turkish
esVrters "are coratng In every day. They
declare disease Is making havoc In the
ranks of the survivors and citizens.
There is reason to think that the food
eupjily is by no mears exhausted, yet it
is believed here that the Turkish heir
apparent Is In the beleaguered city."
Robbers Slav Minister's ban
Pekln. Jan S. Chinese robbers to-day
shot and killed the Infant son of Rev.
It. O JolIllTe. of the Canadian Methodist
Lnsrjer Believed Suicide.
Philadelphia. Jan. $ Frederick A
Sodcrnbcimer. jr. a well known )oung
lawer of this citv, was found dead to
day in a room in the Bcllevue-Strat-ford
Hotel. A bullet had been fired
through his right temple Police believe
Sodernheimer committed suicide.
Capt. Amundsen Arrives
BANQUET PLANNED IN HIS HONOR
Will Meet Admiral Peary
Discoverer of South Pole
Is io Receive Gold Med
al from National Geo
Capt. Roald Amundsen, who planted
the Norwegian flag at the south pole on
December H. 1911. and who Is to deliver
a lecture before the National Geographic
Society at the New Masonic Temple to
morrow afternoon and evening, arrived
In Washington last night.
"When my American tour Is finished,"
raid Capt. Amundsen last night, "I re
turn again to the business of my life.
The Fram will then be at San Francisco
As she Is now at Buenos A res. perhaps
she will be able to add to her -varied ex
periences by going through the Panama
Speaking of his next projected trip to
the south o!e Capt. Amundsen said.
"We start from San Francisco in June.
JSI1, and hope to get into the ice at the
Bering btralts in September. Then we
phall drift, perhaps for four, perhaps
fie j ears. It depends ery 'nuich on
how far we get Into the Ice the first
jBr. We expect to emerge eventually
oeiween cpitzDergen ana Greenland.
There Is an Immense lot of work to be
done In these latitudes, purely scientific,
in sounding and dredging and meteoro
"No, I do not propose to take an aero
plane with me," added the explorer,
"Mid, though I have been ofTerefl the
Klft of a wireless Installation for the
Fram, I hae declined that also. I don't
oare for it. It Is lery much better to
be without news when jou cannot be
where tho news comes from. We are
always more contented if we get no news.
A good book we like, we explorers that
Is oir best amusement and our best time
tiller." Capt. Amundsen Is a man naturally
born to command men and to get from
them the highest type of obedience
voluntary service. He Is a splendid
looking man and inherits the spirit of
the ancient Vikings, though entirely de
void of their piratical tendencies.
Like a Phoenician and a Norseman, he
1m always ready, for adventure on the'
- frrsgpsmcr --v'" i '," '"'??rf; jr-T'ilfT""
ONTO SALE OF
How, Southern Property Cor
poration Stock Was Secured
Told at Insurance Hearing.
J. P. STORY ON STAND
He Testifies that He Got an Aterafe
of $40 a Share from the
'Details of the arrangement between
John P. Story, Jr., of the real estate
firm of Story A Cobb, and Charles
CarusI and "Robert N. Harper, represent
ing the Commercial Fire Insurance Com
pany, through which the latter organiza
tion bought on the preferred stock of the
Southern Building Corporation, were re
lated "at the Insurance Investigation Dy
JJt Btoxy jesterday.
Mr. Story read a contract between
himself and the tw o men named In which
he wa.s to receive a net price of MO a
share for all preferred stock, and its
pro rata, of common stock orovidlhg he
managed to buy up C! per cent of the
total Mr. Story testified that acting
under this contract he purchased .Z.930
shares, or all but ten. of the preferred
stock, together with the requisite amount
of. common, stock, from various holders
He paid, he said, all the wav from J1Z50
to SIM for each 1100 share, and received
approximately S116.000 from Mr. CarusI
for the stock.
Of these she--;. 1,157. were purchased
at J1I-50, ab ,ut 339 at 0, and 100 shares
for S100 a share.
I.ecVie on Stand.
A. E. L. Leckle tesUf.ed that he had
received for an Investment of S2.5O0
connection with the purchase of the old
St. Matthew's Church propert. upon
which now stands the Southern Building,
$18,000 In preferred stock of the Southern
Building Corporation, which took over
the property when the Southern Com
mercial Congress was unable to fulfill
Its obligations. Mr. Leckle was one of
six men concerned In the original trans
action, and to whom 1100,000 In preferred
stock was assigned under ine reorganiza
Mr. Leckle testified that he ultimately
sold out his stock at a net profit of 15,609,
while the other five men. Messrs. Doug'
las. Baker. R. H. McNeill. S W. Meek,
and Karrick, who received equal assign
ments of st6:k. netted only SI.500. Mr.
Leckle explained those to whom the 1100,-
000 In stock was assigned bad to take
upon themselves In the reorganization
financial responsibilities, which, under a
forced sale, would have turned the pros
pective profit Into a big loss.
Mr. Bitmr thouzht ths Investment had
been an unustuttfyVeood'tme'Tni' the "mm
In Question. Mr. Leckle said It bad Dten
a good Investment, but nothing unusual.
Well." replied Mr. Berger, "I do not
know how this business Is carried on in
Washington, but considering that, after
none of you had any more than
about $1,600 Invested at any time"
but jou do not take Into consid
eration the number of thousand of dol
lars In labor and rrsponslbllltv ' Inter
posed Mr. Leckle. "Suppose this thing
had gone bj the board and had been
sold out at public auction and had
brought less than, the amount we had
paid for It. then we would hae been
very heavy losers, would we not"
les, but I am afraid jou would not
have lot much more than our labor,
because (ou did not liave er much
cash In this at anv time '
No, but we had assumed ti re'ponsl
Conttnned da Page Three.
VISITS NATION'S CAPITAL.
CAPT. ROAI.D AMUXIHEX.
high seas. He stands more than six fest
high and carries not an ounce of super
fluous flesh. His steel-gray eyes are
prone to iwrcnaie wiin good humor.
On Saturday night at the Wlllard the
Geographic Society will give Its annual
dinner, the guest or Honor belnir Cant.
Amundsen, gold medalist of the society
for his negotiation of the Northwest
Passage, and once again gold medalist
of the society ror tne discovery of the
south pole. This will be Capt. Amund
sen s first address In America, and It
but fitting that the gold medal, which
Is the highest honor In the gift of the
scientific organization, awarded for his
achievement In the Antarctic be pre
sented to him by the discoverer of the
north pole. Admiral Robert S. Peary,
likewise gold medalist of the National
Geographic Society, who will be toast-
master of the evening.
SlSlSto Columbia, S. C.
and return via Southern Railway, ac
count National Corn Exposition. Dates
of sale Jan. 23, 3. 17, SI; Feb. 3, 6. 7:
final limit. Feb. 12. Kxtenslon of final
limit granted. Consult agents. 705 Mtb.
BV anil 905 F St. nw. .
WASHINGTON. D. C. THURSDAY. JANUARY
r ' ' SO THAT'S WHAT HAS BEEN KEEPING THE OLt) BOOB. - v
. Mkm mmmmsm&$?sm w
J v WfirJBMK-Y BLnF
am 'yim&3smF a rmTfrn?. -.
WKm&l$mW.c svl '
kras. v a
9 TfmmWJAf Pit .Jv
" .- '2 -SSHHaBr'
President Taft Refuses to
Commute Sentence of Con
fessed Wife Murderer.
Respite Is Granted and Colored Man
Will Be Hanged Monday,
I'rtsldent Taft yesterday announced
bis refusal to commute the death sen
tence to life imprisonment In the case
of Andrew Gonzales. self-confesed wife
murderer of this city, who has been
officially pronounced Inane IYesMent
Taft faced an unuual situation In acting
against the recommendations of Attor
ney General WIekersham and the au
thorities of the Government Hospital for
the Intone, who sought elemencj on
the grounds thit the condemned man
was undoubtedly now insane. If he was
not at the time he committed the crime
In disapproving these recommendations
the President fully sustained tho action
of the trial court In the District of
Columbia, which held that Gonzales, bv
pleading guilty at the bar and demanding!
to be hanged for his crime, was onlj i
feigning lnsanitv. Since then the man's!
attomiv A have heen artlve In efforts tn
have the sentence of death set aside
Al enlsts who have examined Gonzales
agree that he Is now Insane, but the
hold his Insanity due to the strain pro
duced upon his mind by acting the part
for several weeks before and during his
trial and for some time since, and to a
nervous condition brought about by his
conviction and sentence. The President
in reviewing the case as nresented by the
the Attorney General, considered the
man's condition at the time of the com
mission of the crime and up to the time
of his conviction rather than since, and
sees no just reason for commuting the
sentence However, he granted a re
spite from January 13 until January T,,
!n order to give the man time to pre
pare for death.
GOV. WILSON CONFERS
WITH SMITH AND GORE
Gives First Intimation of Programme
of Curency Reform After Guests
Princeton. N. J. Jan. S President-elect
vllso3 had a three hours' conference at
tl-e Trenton State House with Senator
Hcke Smith, of 'Georgia, and Senator
Thomas P. Gore, of Oklahoma, this
afternoon. At Its conclusion neither of
tne visitors would say what had been
discussed, but Governor Wilson later n,
plained that they had merely talked over
witn mm the programme for the extra
session, currency legislation and Cabinet
choices. The Governor was asked If he
woum care to mention any of the names
that came up In connection with the
"Oh, we discussed about every name
we could think of," was the reply.
"Was Brjan's name discussed?" was
"No, we did not discuss Mr. Brjan's
name at all," said the Governor.
The Governor Intimated, for the first
time, that currency legislation as well
as the tariff will be taken up at the
Asked If the seniority rule or committee
appointments had been discussed with
Messrs. Smith and Gore, the Governor
'I never bring that matter un unless
my visitors do. Senator Smith simply
said he thought they were In th
way of a satisfactory solution of t"-e
difficulty." he said. "They make It j.
point of not Involving me In the mat
ter," he added with satisfaction.
Winter Tteart In f!i ot,l,l...t
All open now. including Ashevlile, The
Land of the Sky: Aiken. Augusta, Co
lumbia. Summerville. Charleston smm.
nah. Brunswick, Florida. Cuba. Nassau.
New Orleans. Convenient train service
via Southern Railway. Consult agents
716 iiih Sl.onOCS K SL nnv
Joseph A. Otes Taken to
Hospital from Hotel in
Joseph A. Otes, about thirty-five ears
old. who registered at a Pennsvlvanla
Avenue hotel yesterday afternoon from
WtothfoiJUTy 7- rfa-r rCEVcd to 'Kmer
gency Hmpltal about 2 o'clock this morn
ing npiwrently suffering from the effects
of laudanum poisoning.
Karl last night a woman walked into
the lobby of the hotel, told the desk
clerk that she was Otes wife, and went
to hi room, according to the police.,
.luiiui miunigni me iman was seen io
leave the hotel, but told a bellboy to get
r "- """"" -"" '" """"" "
The woman disappeared and the bell- to be available March t for the contlnu
bov, who heard Otes moaning, called anc of th work of that commilon
Dek Clerk Queen, who summoned Dr (Were contained In a special message from
vvimnon oi -si m street
hotel at 1 n
Whitton arrived at the
clock and found Otes un-
conTiou A call was sent for an am
bulance and Oles was removed to tho
'All his Jewelrj and valuable were
missing and two cents was found In his
At an early hour this morning the
i pnjslclans at the hospital held little
hope for his recover) The polke ha
good description of the woman
ANArflQTI A riTITCWC
"'' - a illl
Association Expresses Thanks for Aid
in Winning Fight Against
A glowing compliment was paid The
Washington Herald last night by the
Anacostla Citizens' Association In con
nectioi with the discusion of the outcry
over telegraph companies and common
enrriers A resolution was adopted ex
pretslng the thanks of the association
for Information furnished bv The UrnM
that led to this victory over the telegraph
companies. The resolution read:
Wherer.s. The Washington Herald
gave to this association Information that
was very useful and which led to the
filing of protests with the Interstate Com
merce Commission against the several
telegraph, express, freight and baggage
companies of the city, which protest re-
suited in our obtaining the service we
desire, therefore be It
Resolved, That this, the Anacostla
Citizens' Association, as an expression of
its appreciation for the above-named In
formation, extends Its hearty thanks to
The Washington Herald."
This resolution was offered by Charles
R. Bull, president of the association, and
J. F. Earnshaw. chairman of the rail
road committee, reported that additional
cars had been put on the Anacostla line,
largely doing away with the crowding of
which the citizens bad complained. Jf
vote of thanks was extended to At
torneys S. S. Bright and A. E. Beck for
their work in connection with the fight
against the freight companies.
A complaint was made against the
brick wall that has been raised at the
south end of Logan Park, and Messrs,
Otterbeck. Zlmmermann, and Burr were
named as a committee to call on CoL
Soenccr Cosbv. superintendent of public
buildings and grounds, and ask that It
Bis Brlase 'Washed Array.
Klttahning, Pa, Jan. S. A new bridge
SCO fett long and two concrete piers of the
Pittsburg and Shavvmut Railroad Com
pany, which crosses the Allgheny River
between Mahoning and West Mahoning,
was washed away to-day by a flood. The
bridge had been In the course of construc
tion a) ear and was just about completed.
Six llelow In Arlsonn.
Douglas. Ariz.. Jan. S. The cold wave
sweeping the entire Southwest has broken
all records. After a snowstorm here the
temperature dropped to six below und two
men were frozen to deatn.
I Trains to Florida. Atlantic Coast Mae
Sea level route. 3 , 630, ''W p m.;
lion Hew JforK Ave. nw. .
9. 1913.-TWELVE PAGES.
Executive Commendation of
Work of Efficiency Commis
sion Read in Congress.
ASKS CASH TO CONTINUE
In Accompanying Memo Estimates that
Changes Suggested Will Mean
Yearly Saving of $5,979,000.
eersnr condemnation of the worlf of
,he commllon on economy and efficiency
and a piea for an appropriation of $30,000
. I'resment ran. wnicn was read Detore
both Houses of Congress jesterday
In a memorandum arcompanvtng the
message It was estimated that when the
i hunger advocated by the commission In
Its previous eights -five reports had been
full) installed that a early saving
t.'i.JTJ.O.") would be affected In the gov
Drpnrtmrntnl Ileforins I reed.
These reports advocated reforms in
as manv governmental departments, all
of which received the approbation of
the lrcsldent. The matters commented
on by the commission were as follows-
1 Business methods of the office of the
Adjutant General of the War Depart
ment. I The handling and filing of corre
spondence In the mall and record divi
sion of the office of the Chief of Engi
neers 3 The handling and filing of corre
spondence and the doing of statistical
work In the Bureau of Insular Affairs.
4 The handling and filing of corre
spondence In the office of the Surgeon
5 The handling and filing of corre
spondence In the office of the Signal
6 The handling and filing of corre
spondence in the office of the Chief of
7 The handling and filing of corre
spondence in the Mall and Record Divis
ion of the Department of Justice.
8 Methods of keeping efficiency records
of employes In the National Bank Re
demption Agency of the Department of
9 The electric lighting of Federal build
lngs of the Department of the Treas
10 The establishment of an lndepend
ent public health service.
11 The recovery of fiber stock of can
celed paper money.
The chief and most definite savings to
be affected by the reforms advocated In
these reports were In the offices of the
Signal Corps, the Adjutant General, the
Chief Engineer, the Surgeon General, the
Bureau of Insular Affairs, and the Chief
This the President estimated at about
S100.000 per annum. Another S10O.O0O per
year was added to this amount as the
estimated saving accruing from the ap
plication of modern methods of the re
covery of fiber stock of canceled paper
GOES UNDER KNIFE.
"time. la Gania, IVlfe of Ambnasadnr,
In neitlng- Comfortablj.
New Tork. Jan. 8. It was stated to
night that the condition of Mme. Do
moclo da Gama, wife of the Brazilian
Ambassador at Washington, who was
operated on this afternoon, was very
favorable, and that she was restlnir
Dr. Samuel M. Brlckner. assisted by
Dr. Edwin Sterberger. Mme. da Gama's
private plivslclan. performed the oper
ation, the nature of which was nob
At the residence of her son. Morris
Roderick Volck. It was said that It was
only a question of time when Mme. da I
Gama would return to her apartments
at the Plaza.
Rest Kepsrlf tn CnllfArata.
Standard or tourist. Latter personally
conducted without, change dally, except
Sunday. Berth, S3. Washington-Sunset
route. A. 3. Foston. Q. A- 855 F. 7(6 lStfc,
Rivers Already Up and Rising
Rapidly 32-foot Stage
Predicted for To-day.
MEANS LOSS OF MILLIONS
Manufacturers Prepare to Meet the
Deluge Railroad Traffic
A flood of startling proportions Is
sweeping down upon the Allegheny
Monongahela and Ohio Valleys, threat
ening to engulf the business section of
Pittsburg- and half a dozen lesser cities,
according to tho Weather Bureau. A
stage of thirty-two feet Is predicted at
Pittsburg, only a few feet under the rec
ord. Tho Monongahela and Allegheny
Rivers have already reached a stage of
21S feet, and are rising at the rate of
.5 feet an hour. ,
Millions of dollars damage will be done
If tho water reaches the stage predicted
by the Weather Bureau; all street car
and railroad traffic will bo tied up. busi
ness will be temporarily paraljzed, and
thousands will suffer.
Reports from Wheeling. W. Va .
Toungstown. East Liverpool, and other
points In the threatened area tell of high
stages. Merchants and manufacturers are
busy making what preparations they can
to meet the coming -deluge.
A blizzard from Northeastern Canada
came roaring Into New York and sur
rounding territory to-day Sleet and rain
have tied up traffic to an appalling de
gree. The cold north wind, attaining a
velocity of sixty miles an hour at times,
liar done much damage to telephone and
telegraph lines. It Is possible that New
Tork will experience the coldest weather
In years. Chicago has been swept by the
same cold wave. The high winds also
have done much damare to telephone and
telegraph wires there. The cold Is ac
companied by sleet and snow.
WORST FLOOD IN HISTORY
OF PITTSBURG PREDICTED
Pittsburgh, Jan. S. With the marks at
the Point Bridge at I p. m. showing a
stage of E.5 feet of water and the rivers
rUIng at the rate of s feet an hour.
Pittsburg- and surrounding country, the
vv earner Bureau announces, will experi
ence one of the worst floods In the city's
history to-morrow. A stage of 3 feet
of watsr is predicted by locaLForecaster
Pennywltt. T feet above tie danger Tine.
xne nood. Mr. Pennywltt says, will be
the highest since March 16. ltn. when the
rivers reached a stage of J3.5 feet, the
greatest flood of which Pittsburg has
Th. fTw4 Is th r.tiTt nt m v-ofnfall
averaging one and one-quarter Inchest
over the water sheds drained by the local
rivers and a little more than one and
one-half Inches of rainfall up the Al-'
legheny River, from which place most of1
the water Is romlnr It will be one of!
the worst floods that the upper Allegheny
valley has ever experienced.
Creat activity was manifested through
;it the Allegheny, Monongahela, and
Ohio vallevs to-day on the part of manu
facturers whose plants will be flooded
Many were emploved moving goods to
places of safety Residents of bharps
burg, Mlllvale, Htna, and elsewhere are
preparing for the high water As a re
sult of the flood stage all Pittsburg ami
Western Railroad passenger trains will
leave from the Baltimore and Ohio Rail
road Station, as well as Bessemer and
Lake Erie and Buffalo. Rochester and
The high stage of water has tied up
all river traffic In Pittsburg- and vici
nity The new City of Parkersburg will
be unable to leave tho harbor on her
Initial trip to Parkersburg to-morrow
morning. The predicted stage will pre
vent the boats passing under the bridges
ARCTIC BLAST STRIKES
ATLANTIC COAST, DOING
HEAVY DAMAGE; BITTER COLD
New Tork, Jan. S. The unprecedented
warm spell which the Atlantic Coast has
experienced for the past few davs came
to an abrupt end to-night when an
arct'c blast pushed along on a gale that
In some places attained a velocity of slxtv
miles an hour came roaring eastward. In
New lork the temperature fell thirty
degrees within two hours, and to-night
the temperature is S degrees and falling.
The forecast is for cold weather for
the next three davs. to be followed by
another warm spell.
The entire stretch of coast line from
Cape Cod to Florida is already feeling
the effects of the cold wave which Is ex
pected to establish Itself more fully Dy
morning, while the gales are whipping
the already turbulent Atlantic Into seas
almost mountain high. The Weather Bu
reau has had storm signals hoisted to
day from Florida to the Virginia Capes.
Pnssalc Hard lilt.
Four persons were Injured, a building
was demolished, all telegraphic and tele
phone communication cut and the Erie
Railroad temporarily put out of commis
sion at Passaic. N. J., when the storm
hit that cltv this evening. The building
that was demolished was blown across
the tracks of the railroad, falling just be
fore a passenger train was brought to a
standstill. In New Tork Cltv the hos
pitals are crowded with pneumonia
cases brought about by exrosure
tendant upon the warm and damp
weather, nearly 3)0 cases being brought
In in three days.
The stress of weather that has been ex
perienced in the entire United States
since Sunday last Is perhaps the most
remarkable In fifteen years. It embraces
practically all the elements that go to
make up storms and every section of the
country from the Pacific to the Atlantic
and from the Southwest to Canada has
felt Its effects. A three days" snowstorm
at Juarez. Mexico, has ceased to-night
and the racing authorities there are busy
with large forces of men removing tho
snow In the hope that racing may be re
In tho Cascade Mountains of Washing
ton, the transcontinental route of the St.
Paul Railroad Is blocked by drifts of
snow, while snow to tl e depth of nine
teen feet lies In the upper mountain re
gion of that section.
The Herald has the largest
morning home circulation, and
prints all the news of the world
each day, in addition to many
Comptroller of Currency Tells
Money Trust Probers Why .
WANTS FULL PUBLICITY
Lawrence 0. Murray' Says Directors
Should Be Checked ia Their
Borrowing Operations. . ;
Lawrence O. Murray. Comptroller of
the Currency, testifying before the Tujo
Committee yesterday, acknowledged that
the present national banking law Is an
stchaic. Illogical, unscientific and super
ficial statute, which, needs amendment In
I tactically every clause.
Questions put by Samual Untermver.
counsel for the committee, showed clearly
that the committee has In mind several
important recomendatlons for legislation
affecting the management of national
banks. Here are the more Important of
these reforms, all of which were indorsed
Ly Comptroller Murray.
Provision for compulsory publicity of
the assets of national bnpks. with a view
to assuring stockholders and depositors
nf Hie solvency of the Institutions and
tl-rowlng light on the judgment of their
boards of directors.
Amendment to the law now prohibiting
cumulative -voting, so that through the
application of methods similar to those
In vogue in Kngland and on the con
tinent Jf Europe minority stockholders
may have their rights protected in ad
equate representation in the bank di
Kali Publicity L'ruert.
Full publicity of all stockholders In
Legislation safeguarding depositors
against the transfer ef bank stock from
responsible to Irresponsible parties for
the purpose of evading stock Uabllity
A limitation upon the character of se
curities to be held by national banks as
collateral and as assets.
Mr. Murray was not prepared to ex
press an opinion on the desirability of
legislation prohibiting the existence in
connection with national banks of hold
ing companies such as the First Securi
ties and the City Securities companies of
New Tork. lie did not care to express
an official opinion as to the desirability
of legislation prohibiting the participa
tion of national banks or their officers
or directors in stock underwriting. Mr
Murray also was In doubt as to the de
sirability of the enforced incorporation of
clearing house associations.
The Comptroller said that the records
of his office showed that many banks
have failed through directors borrowing
undue amounts and TCaktns- exce-etve
loan." to their own concerns.
Favors Drastic Law.
"I think there ought to be a pretty
drastic law on that subject." said he.
but whether or not it should absolutely
prohibit a man with excellent credit
'rom borrowing from a bank with which
" happens to be a director I am In
"" ""f"y "" " ia ousrn.
to Prohibit directors from running banks,
as'h,5y nw sometimes do
Although compelled through the ah-
sence of the necessary order from Pres
ident Taft to produce the names of th
greater financial institutions capable of
lending more than JL000CO) to any par
ticular Individual. Mr. Murray told the
committee that there were In the Vniteil
States thirteen such Institutions which
under the law compelling them to restrict
their individual loans to the amount of
one-tenth of their own capital and sur
plus were able to make Individual loans
of SLOon.Kn or more
He said that there were probably forty
or perhaps fifty banks which could fol
low out the law and at the same lime
lend In amounts of J000,0"0 to Individuals,
and of thoe capable of lending within
the law- as much as S"-V"0 there were
probably 100 banks
Carries n Restriction.
Mr Untermver endeavored to obtiln
from the Comptroller a criticism of the
practice bv national banks of participat
ing in syndicates for the underwriting of
new flotations of securities either b
existing or newly promoted corporations
Mr. Murray concluded his testimony
and at the close of the session Mr Pujn
tiJd the committee that hr would like
to have, even body on hand ever" to
day for an executive session as he
would then have ready for presentatien
the charges of contempt against Georg
G. Henry which must be certified to
tre Speaker of the House
CONDEMNS BILL FOR
FIRST STREET TRACKS
President Wilder, of Training School,
Asks 'Friends to Join
President TUlItam M. Wilder, of the
Lucy Webb Haves Training School at
the midyear graduating exercises in
Rust Hall. 1153 North Capitol Street,
made a sharp attack on a House bill au
thorizing construction of railroad tracks
in First Street. He called upon the many
friends of the Sibley Hospital to join
forces against the bill. as. he said. It
would depreciate the value of the Insti
tution's property fully 60 per cent
D. A. S. Kavanaugh. superintendent of
the Methodist Hospital. Brooklyn. N. T .
made the principal address to the gradu
ating class. He chose Wescley as bls
tliemc. holding up the great founder of
the Methodist Church as a model for the
oung nurses to follow.
There was nothing narrow and sec
tarian in Wesley's love for humanity, he
told them. The founder Wesley was not
nlone content to preach eloquent sermons
to exclusive, bigoted congregations, but
spent his life In all manner of service
to mankind. He was broad-minded,
widely read, widely appreciative, and a
cosmopiltan. Dr. Kavanaugh said.
"Therein lies the great power of the
Catholic Church." he concluded. "We
have passed over to the State and mu
nicipality too many charitable activities.
The Catholics have not The Roman
Catholic Church does not depend on the
State for the carrying- out of its welfare
work for humanity."
Members of the graduating class were
Sara Catherine BUlman. Pennsylvania;
Estella May Edwards, Pennsylvania: An
ne Prlscilla GarrotL Mar land: Fannie
Venable Hicks, Virginia; Edith Mercy
Kehnard. West Virginia, and E,thel Edna
ueicn. uisirici oi common.