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I EVERYBODY 12 PAGES j READ IT ;! EVERYBODY 12 PAGED LAST EDITION- FRIDAY EVENING. TOPEKA. KANSAS- MARCH 6, 1914. FRIDAY EVENING. On sale by newsboys at TWO UrVlTB On trains and newstands mi (CKHM NOTE TO BRYAN Carranza Sends a Signed State ment to the Secretary Assuring Prompt Investigation of the Banch Disappearance. TO TAKE KO FURTHER ACTION Joint British and American Commission Will Wait Until Report Is Made on Death of Benton. Washington, March . Secretary Bryan received today a note from Gen. Carranza signed by Senor Fabela, act ing secretary of foreign afTairs of the cabinet of the constitutionalists, as suring the American government that the mystery surrounding the disappear ance of Gustav Bauch, would be promptly investigated. The text of the communication follows: "Referring to the unofficial represen tation made by you to the first chief of the constitutionalist army through the department of foreign relations now under my charge, relative to the dis appearance in Chihuahua of the Amer ican citizen. Gustav Bauch, I have the honor to inform you in accordance with the instructions received ny me from the said first chief of the con- stitutlonalist army tnat naving oreerai ed today m the office of W. E. Davis, all the necessary investigations in this state auditor. The figures show col case, as I had the honor to inform you j lections of $2,467,697.15 on a levy for in my note of the 28th of February the 1 13,371,761.71. This fund will be suffl- result of the investigations oy me iucm authorities (at Chihuahua) shows that it is true that said Mr. Bauch was ar rested in Chihuahua charged with be ing an enemy to the constitutionalist cause, but later he was released, auth orities in Chihuahua having no know ledge of his whereabouts. "However, I am very pleased to in form you that the first chief wishes to have a very complete and detailed Investigation made of this matter for the satisfaction of the department of state and for his own satisfaction and so that your government may see his good will to take into consideration any representations made to him in the proper manner; and therefore he has ordered the case of Mr. Gustav Bauch to - be taken up by the special commission appointed to investigate the Benton case. Said commission will undertake to ascertain ' as Boon as practicable the true facts concern ing this affair so that it will be pos sible to act in strict accordance with the law. - At the same time, I have the honor to inform you that the author ities at Chihuahua have received or ders to do everything in their power to locate Mr. Bauch." The Other Commission. The joint commission of American and British representatives it became known today will get no further in structions until after the Mexican board of inquiry reports its finding. The appointment of Luis Cabrera as special adviser to the Mexican com mission was favorably received by of ficials here who have a high regard for Cabrera's knowledge of diplomacy and his sense of the value of an lm partial investigation. That the body of Benton may not be exhumed by the Mexican commis sion is not at all unlikely, for it is believed the commission will be able to learn Just what were the facts of his death from eye witnesses. Roberto V. Pesqueira, confidential agent of General Carranza, said today the commission would make an earn est effort to obtain the truth and would publish the findings. Meanwhile, state department officials are giving their attention to the reported murder of Clemente Vergara, an Ameri can citizen. John Bassett Moore, former counsellor of the state department, who Is finishing up some work before finally severing connection with the department, was at work today on the complicated questions of extradition involved. Tele grams prepared by Mr. Moore for Secre tary Bryan to be sent to Governor Col quitt were expected to be met up with later in the day. Terrazas Has Until Sunday. El Paso, March 6. General Terra aas has until next Sunday to pay the 600,000 pesos ransom for his son, Luis, who is held by General Fran Cisco Villa at Chihuahua. This sum Is equal to $250,000 American gold, but the once multi-millionaire of Mexico has not now that much mon ey, according to his own admission to friends. The letter demanding the money was dated March 3, and stated that if the ransom were not paid within five days Luis would be "taken south" with General Villa. This threat General Terrazas construes in only one way and that is that his son will fall a victim to the notorious fugitive law if the money is not forth coming. Under the convenient provi sions of "Ley Fuga," the prisoner is always shot while trying to escape. General Terrazas is 80 years old and Is greatly shaken by the peril to his son. The latter has been a prisoner for several months and has already submitted to the extortion of $650,000 American gold, to save his life. It is probable that George C. Carothers, special agent of the department of state at Washington, will be appealed to upon his return from Nogales tonight, to use his good offices with General Villa, whom he has known intimately for many years. It is hoped that Ca rothers may prevail upon the rebel leader to put a milder Interpretation on the "trip south" than is usual in such cases. Meanwhile, friends and rela tives of the family are doing what they can to obtain a reduction in the ran som to a figure which the old general ran raise and to get an extension of time for further negotiations. - "I am very old and money means nothing to me." said General Terrazas, pathetically. "They can have every cent I have if my boy is only spared to me and his children." Three years ago Terrazas' fortune was estimated at $40,000,000. To Let Benton Rest. Washington, March 6. From the British point of view, which will doubtless be adopted by the state de partment, no useful - purpose can be served by dispatching to Chihuahua the American-British commission to exhume the body of Wm. S. Benton, to discover from Its wounds the man ner in which the man met death at Um hands of General Villa. Time probably has destroyed any physical evidence ror me legal case mm wiu ultimately be presented for settlement by the British government, in accord ance with the pledge of Sir Edward Gfey, and reliance will be placed en tirely upon testimony already col lected. It is expected the British Consul Perceval, ordered to El Paso in the early stages of the case to co-operate with American commissioners, will soon return to Galveston. DEM OCRATIO RULE. Is Attacked by Senator Works in An other Speech. Washington, March 6. Emphatic disapproval of the administration, the legislation which it has passed and of what he called the "coercion used by President Wilson to compel action by congress." was voiced in the senate today by Senator Works of California in delivering what he termed a "friendly review" of the achievements of executive and executive branches of the government "one year of dem ocrat rule." , A year of almost continuous con gressional session, "mostly for the po- (Continued on Page Six.) PAID 70 PER CENT December Tax Collections To tailed $2,467,697.15. State Has Already Used Per Cent of Total. 25 Kansas county treasurers collected 70 per cent, of the total 1913 tax levy last cient to meet the state's expenses until July, when warrants can then be drawn on the June collections. At the present time the state has drawn 25 per cent, of the taxes for use in 1914. It will require 10 per cent, a month to meet the expenses of the state until July 1 and that amount will practically exhaust the entire Decem ber collection. The amount of new taxes drawn by the state for the months of January and February was $842,880.35. Drafts for 10 per cent, of the total tax each month will mean that 65 per cent, of the total will have been used by the state July 1. That will leave 3 per cent, of the December collection still in the county treas uries. But the distribution of taxes will not be made until July 25 and It is believed that drafts will be drawn on the counties for a portion of the new taxes in early July. The collection of 70 per cent, of the I total tax in December is a strong av- fusal of this government to recognize erage showing of winter collections. Huerta after the assassination of Ma But 30 per cent, of the total yet remains dero, "doubtless by Huerta who sue to be collected; and that amount must ceeded htm, or with his knowledge and protect the payment of state bills from .connivance.'.' -After the withdrawal of July until the new taxes are available i Ambassador Wilson from Mexico JSen- in December. ROBBED OF $14,000. Paymaster Held Up by Armed Rob bers In St. Louis. St. Louis, March 6. Two robbers armed with revolvers, held up J. P. Lucas, paymaster of the Brown Shoe company here this afternoon and rob bed him of $14,000. The robbery took place in front of a factory and branch office of the company. After getting the money, the bandits leaped Into Lucas's automobile and escaped. Pointing their revolvers at the head of the chauffeur, they commanded him to drive east and north. There j rilwV LAmtnr tb Vrthern 1 street car bound for the northern limits of the city. Before boarding the street car they told the chauffeur to "beat it" and warned him not to follow them. Paymaster Lucas and another em ployee of the shoe company went to a bank this afternoon and drew the money with which to' pay the factory employees. Later they went in an au tomobile to a side entrance of the fac tory, stepped from the car and turn ed to take two valises containing the money from the automobile. As their backs were turned to the sidewalk, the two men who had been standing near the factory door rushed toward them, covering them with re volvers, commanded the paymaster and his companion toehold up their hands. Lucas and his companion rushed into the factory. The robbers Jumped into the automobile, from which the money had not been taken, and escaped. ELUUOUNDGUILTY. His Punishment Fixed at 15 Tears In Penitentiary. Chicago, March 6. William Cheney Kills was convicted and punishment fixed at 15 years imprisonment, for the murder of his wife in a Chicago hotel last October. George Remus. Ellis' counsel, indicated he would not press the motion for a new trial, which was filed immediately after the verdict was read. Should a new trial be denied, Mr. Remus said. Kills probably would be taken to the penitentiary without appealing to a higher court. Both Kills and his attorney seemed to be satisfied with the verdict. Mr. Remus termed the verdict "a complete victory for the defense." POSTMASTER SHORT. Inspector Finds Deficit After Checking TJp May Pay Up. Manhattan. March 6. Postmaster Alfred Hanson of Walsburg. is short in his ac counts, $490, according to reports that reached Manhattan today. The shortage was discovered by a postoffice inspector while he was checking up tne office, fol lowing the sale of Hanson's store, which occurred about two weeks ago. The nost- I master's bondsmen were notified of the shortage and an effort win be made, it is said to settle the matter without a crim inal prosecution. House Adopts Conference Report. Washington, March 6- The confer ence report on the 'Alaska railway bill was adopted today by the house. ,It now goes to the senate. . LID OFF AT LAST Mexican Situation Gets an In ning in the Senate. Senator Works Attack -Policy of the Administration. IT HAS RESULTED, KE SAYS In, Derision and , Sneers of the Mexican People And Derisive Smiles From Na tions of the World. Washington, March 6. Predicting that the Mexican situation Is a matter with which the United States "shall be forced to deal in some decisive way. and that very soon," Senator Works, Republican, of California, sharply crit cised the Mexican policy of the admin istration today, in a speech tn the sen ate. "We may be forced yet," he said, "to intervene in some form In Mexico. If we do it should not be for the aggrandizement of our country, the ac quisition of territory or any other ad vantage to us but In the interest of the Mexican people and other residents there, the restoration of peace and or der and tha establishment of a stable government for our sister republic" To speak of. the relations of the Unit ed States with Mexico Senator Works asserted was an unpleasant task. "It Is a dark 'page in our history," he continued. "Unless the American people shall have lost all virility, cour age and patriotism, it will be read In the years to come, with sorrow and shame. For three Ions; years American citizens have been murdered, their wives and daughters outraged, their homes pil laged, and their property destroyed, and this administration has done noth ing more than to enter occasional mild protests and submissive appeals, and to whom? . To Huerta. whose govern ment we had refused to recognize and who, according to our view, had no power nor authority to act; to Villa, not recognized as a belligerent, not even a soldier, but a brigand and murderer of innocent people. To Carranza, a weakling dominated by Villa and equally without authority. What had we a right to expect from protests and appeals made to such as these?" Reviews the Past. Senator Works outlined the events In the history of Mexico, leading up to the present difficulties and the re ator Works declared, referring to the sending of John Lind to Mexico City, there "commenced a series of conduct, of a kind wholly unknown to diplomacy and so absurd as to make us ridiculous at home and abroad." The demand of 'he president In his message to Huerta that there should be an armistice, could not have been complied with, the senator continued, and the demand that security be given for a free election .in Mexico, was im possible of fulfillment because of the ignorance of the Mexican masses. Such an election, he declared, probably would have brought about the "election of a bullfighter for president. "Naturally Huerta refused to Con sider these proposals," continued the What else could have been --rntftmAI" Hls Pefusal put our government in a Unfortunate position. It COUld .. j T ,, not enforce its demands. It might go to war, but the refusal to comply with the demands could furnish no justiflca- (Contlnued on Page Six.) iSB :;1J POLITICAUQSSIP Some Speculation Orer Dolley Jackson Desertion of Party. 1 They Forsook the Idols They Had Worshiped Madly. DO THEY SEEK OFFICES? It Is Said They Want to Get Back to State House. Barney Sheridan, Newspaper Han, Won't Ran for Office. That J. N. Dolley; eyes are still on the bank commissioner's office and that the love of office Still lurks in the heart of Fred S. Jackson la the rather unkind and uncharitable story being told In the inner councils of Kansas Progressives who discuss their recent loss of Dolley and Jackson to the Bris tow -Capper combination and the har mony cause. For while it is unkind and not at all charitable, acme of the very men who helped to put Dolley and Jackson in the political limelight in Kansas have In the last few days been so cruel and heartless as to Insinuate that love of principle1' alone did not cause the Dolley-Jackson political flip flops from Republican' to' Progressive to Republican. W The pages of the history of the 1912 campaign teu tne story or tne uouey- Jackson love of principle. They backed j the Roosevelt cause to the limit. They preached the principle of the Progres sive ideas from daylight until dark and (Continued on Page .) ROCK ISLAND QETII1G Gathering of An Special Pen hie Men of Second District In Topeka. M. A. Long, district special agent of the Rock Island Lines in Topeka, issued a call today for a general gath ering of all the division special agents of this territory in Topeka Monday and probably Tuesday. The general policy of H. H. Ger main -as superintendent of special ser vice of the Rock Island Lines Willi be outlined to the division agents. The change tn titles of terminal watchman to that of "special officers" will be decided upon at this meeting. It was announced today by M. A. Long that as soon as the local head quarters could be ante. pad. the office force in Topeka wouMbe increased. STRIXE IS EXPENSIVE. Colorado Miners Have Received- $2, 000,000 In Benefits. - Denver. Colo.. March '6. The United Mine Workers of America have paid prac tically $2,000,000 In strike benefits to Colo rado miners since April 1, 1910. This was I the statement of Edward L. Doyle, sec retary and treasurer or district is, Derore the house subcommittee investigating the Colorado coal miners' strike. The total In strike benefits, aa shown by Doyle's records, was $1,996,896. Of this $1,040,412 was paid to miners In northern strike laVSeptem September 20. 1913, is $965,484. of which $714,585 was expended in the southern field. The remaining pw.8 was expend- ed in the northern field since September. Weather Forecast for Kansas. Fair and slightly colder tonight and Saturday. DAME FASHION'S BOUDOIR LAUDING WILSON British Newspapers Praise the President's Action In Asking for Bepeal of Canal Tolls Exemption. SAY HE HAS SET U EXAMPLE Worthy of Emulation in Euro pean Diplomatic Circles. Call It an Example of Courage and Manliness. London, March ft. Laudatory com ments on President Wilson' message to congress are published in moat of the newspapers of the country today. The government organ, the Westmin ster Gazette, pays the highest com pliment to President Wilson for his at titude in regard to the question of Panama tolls. It. says: ' "It Is not always convenient to hail a statesman of another country aa a 'Just Judge when be advocates your cause against a section of his own countrymen. We cannot refrain, how ever, from expressing respectful ad miration of the courage and manliness with which President Wilson handles the Panama tolls question. "The president of the United States sets an example of straight dealing which may be recommended to dlplo- mat. nt th .-ia rwv. .t ,. men. in other countries, are canable of doing the thing he has done, but most of them would fetch about for diplomatic phrases or make believe ar guments to save the faces of their gov ernments or to conceal to their own purpose that they are proposing a change of policy. "It is a great example. If the peo ple of the United States respond to it as we feel confident they will do. they will have done much more than adjust the difference between them and us with regard to the Hay-Pauncefote treaty. They will have set a precedent of profound importance to the whole world." Referring to President Wilson's mention- of "other matters of . even greater delicacy," the Westminster Ga zette says: . "We understand the allusion, and tnink it right to say at once that Mr. Wilson's handling of this question greatly facilitates quiet consideration oi tne otner ana more delicate ques tions here alluded to." Tne Mexican Problem. On the subject of William S. Ben ton,, the British ranchman killed at Juarez, the same newspaper says "When we are dealing with a man of such manifest uprightness and good win as President Wilson we shall cer tainly not expect our government to force those Issues in a chop-logical and contentious spirit. The only ma terial point for us to consider Is whether, if the United States was non existent in this affair, we could do anything better for ourselves than It is endeavoring to do for us. To that question there is none but a negative answering. "We greatly deprecate all efforts In this country to force the United States into an adventurous policy out of keeping with President Wilson's ideas.'-' The Pall Mall Gazette says: . "President Wilson's action sweetens the atmosphere of international rela tions between us and our kin on the other side of the Atlantic. We may iuuu, n wo ui, uue wisuom wim . which the high moral principle guiding i President Wilson, nas been applied to Mexican questions and others, but tn all matters we shall henceforth feel confidence that insofar as he controls affairs of state, they will be conducted as by one who having sworn unto his neighbor, dlsappointeth him not. I U1VUU At WUIV UIB WWU MIUUI While acceptance of the invitation to participate in the Panama-Pacific exposition. at San Francisco would be Incomparable in magnitude with the high-minded act of President Wilson, the British government has it in its hands to give a token of reciprocal good will." The Globe, the Evening Standard and the Liverpool Post likewise ap plaud President Wilson's message and urge the British government to recip rocate by accepting the invitation to take part officially in the San Fran cisco exposition. One of the Most NoMe Acts. The Evening Star in an editorial ar ticle characterises President Wilson's message as one of the most noble acts) of statesmanship in the history of na tions. "The message," it says, "is the most splendid memorial that could be de vised for the worthy celebration of the centenary of peace between the United States and Great Britain. It sets Pres ident Wilson for all time in the high rank of great American presidents whose names are an inspiration to de mocracy on both sides of the Atlantic" The Star urges the British govern ment to reciprocate by reversing its decision not to participate in the San Francisco exposition. THE DAY III COKGHESS Bill Repeal ssna Tolls Favorably Reported, Washington. March . Senate met at noon. .Senator Poindexter intro duced a resolution calling on Presi dent Wilson to explain certain phrases In his canal address. Senator Fall conferred with Felix Diaz, who wants a hearing on Mexican affairs before the foreign relations committee. Mrs.. O. H. P. Belmont warned Senator Ashurst not to press for a vote now on the woman suffrage amendment. Immigration committee completed Its work on the Burnett bill with a lit eracy test. House met at noon. Interstate commerce committee reported a bill to repeal the Panama canal tolls ex emption. Representative Hensley asked the la bor committee to report a bill to pro. hi bit importation of prison-made goods. Representative AswelL of Louisiana, urged the civil service committee to segregate white and negro government clerks. Representatives of the Chicago Board of Trade replied to charges that it is operating as an illegal monopoly. The Sims bill to repeal the Panama toll exemption was favorably reported by the house commerce committee by a vote of 17 to 4. Representatives Do re in us of Michigan, Democrat; Knowland of California, Republican, and O'Shaughnessy of Michigan. Democrat, and Lafferty of Washington, Progres sive, voted against it. The bill as reported by the com mittee simply provides that the sen tence in the Panama canal act, read ing: . , s "No tolls shall be levied upon vessels engaged in the coastwise trade of the united states" shall be repealed. Mem bers who voted against it pointed out that another provision relating to min imum tolls also must be repealed, or the whole question still will be open and the United States may in Its dis cretion allow American vessels free use of the canal. Chairman Adamson immediately be gan work upon a report to the house ana declared he would press the repeal Just as rapidly as possible. The com mittee also voted to ask for a snecial rule to expedite the repeal. With three days allowed for the minority report H is prooaDie no enort will be made to take up the bill In the house before next Thursday. At the White House there was every evidence that the ad ministration was pushing for action. CHANCE MAY FLAY. Will Be at First Base If Physical Con dition Win Permit. Houston. Tex.. March 6. Frank Chance Is out for first base of the Yankees and If his legs hold out and his headaches do not return he will serve the Yankees as playing man ager this year. Today he was at first base through out the entire infield practice of the first team, playing with all the dash of five years ago, and at the conclu sion of the practice said he felt no effects from the hard work. He has wired New York for a special head guard, as he still finds himself unable to dodge the "bean" ball which put him out while he was with the Cubs. FOR COAL $3,011. County Paid That Sam for Fuel for the Poor. Shawnee county has paid out a small fortune for coal in the past five months $3,011. Since September the county commissioner of the poor has distributed more than ... tons of fuel to consumers unable to pay for heat. With the first snow flurry, or hint of frost, C. N. Bacon's office is crowded with a line of petitioners begging coal. Dozens of sacks are distributed in a day. The bill, which was only $173 In Oc tober, increased steadily each month, totaling $1,100 in February the largest coal biU to have been listed by the county auditor. This does not include the fuel burned at the various county charitable homes simply that distributed to the indi gent poor. IIEWSPAFER TRIALS. Professor Taft says They Often Result in uanTKtMns. Boston, ' March 6. Former President Taft deplored the influence of news papers on jurors in aa address here last night. He said: "It is proper for newspapers to com ment, after judgment tn a case, but it is the trial of cases in the newspaper before Judgment that has led to much of the criticism of the courts. Why, when I was president I had to pardon two or three men who had been con victed by public clamor when they were really innocent." TO OUSTDAl'M Crawford Count) Socialists D In Arms. They Besent : Effort to Oust Their Sheriff. TIIY KIL DSS CERCS Want County Attorney Keller Ousted, Too. , Will Montgomery Will Go to Crawford Co. to See. Petitions demanding the recall of At torney General John 8. Dawson and A. B. Keller, county attorney of Craw ford county, are being; circulated by Crawford oounty Socialists. The re- ixuvwi ww circulated Because of the ouster suit against John Tark lngton, the Crawford county sheriff; tnd Tarklngton's friends have called pubUe indignation meetings to be held Sunday in Mulberry and Pittsburg to protest against the action of Dawson in demanding Tarklngton's lob. Assistant Attorney General W. p. Montgomery stated this afternoon that he would go to Crawford county to at tend the demonstration meetings. Ac cording to reports received in Topeka this afternoon, there have been threats of violence In event state officials at tempt to Interfere in the carrying out ' of the program of the Crawford Social ists. It is further claimed that the Socialists, incensed over Dawson's suit against Tarklngton, will not confine their condemnations to Dawson and Keller alone, but win denounce mem bers of the supreme court in their speeches. Copies of handbills received in this afternoon's mails announce that Jake Sheppard of Fort Scott, chief counsel for Tarklngton, will be the principal speaker at the Sunday meet ings. The handbills announce "startling revelations, secret conspiracies and atrocious plots will be stripped naked at these meetings," Everybody Is in vited, the bills announce, "especially Tarklngton- accusers." But It is un derstood that no attempt to interfere with the program of the meetings will be tolerated by the Socialists. The Mulberry meeting will be held at 2:30 Sunday afternoon and the Pittsburg meeting at 8 o'clock Sun day night. W. . P. Montgomery will not only attend the meetings, but will take a stenographer with him and will make a transcript of the meetings and speeches of the Socialist orators. It Is probable that the utterances at these meetings win ' be ' used by the stats n presenting' the Tarklngton ouster suit to the supreme court March 20. - ' County Attorney Keller m a letter to Attorney General Dawson this af ternoon stated: "I presume you know what kind of a meeting this will be. It will be an attack on those whom they believe are responsible for their troubles. I have heard it several times today that the socialists are circulating a petition asking that you and I be ousted. I believe that the talks at these protest meetings should be taken and trans cribed." No announcement as to the date when the Dawson recall petitions will be presented. That they are now being circulated Is the reliable Infor mation received by state officials. REAL MARCH WEATHER The Weather is Windy and Disagree able; Be Colder Tonight. This has been another real March day. The northwest wind has at tained a maximum velocity of 30 miles an hour and has averaged 26 miles. The sky was clear the fore part of the day, but the weather became unsettled later In the morning. There was a sus picion of snow early this afternoon. Tne forecast calls ror ralr weather tonight and Saturday with a slight drop in temperature. The forecast today Is normal for this date. Shippers' fore cast: "Protect 36 hour shipments north and west against temperatures of from 22 to 20 degrees; south and east. 20 te 30." The minimum temperature here is expected to be 26 degrees. The dust which the wind has carried along the streets of Topeka today has been disagreeable to say the least. Numerous persons have found It necessary to go to occulists or physi cians for the removal of foreign sub stances from their eyes. Many a man has chased his hat on Kansas avenue today. The highest temperature recorded on this date In twenty-seven years was TO in 1908; the lowest was B In 1013. The hourly readinaa: 7 o'clock 32 u ocioca Sf 8 o'clock. 33 9 o'clock 97 10 o'clock 39 12 o'clock. 1 o'clock... 99 3 o'clock 40 3 o'clock 40 heeds 20 f.:iiiio;is. off Rock New York, March . In a detailed report to the bondholders' protective committee, T. M. Schumacher, chair man of the Chicago. Rock Island Pacific Railroad company, has made known the result of his recent Investi gation of the Rock Island Lines, in cluding their present cash needs and future requirements. Mr. Schumacher estimates that not leas than twenty million dollars will be required by July 1, next, to meet bonds and certificates maturing-, float ing indebtedness, including $1.(00.000 due the railroad company, and interest payments together with many other pressing obligations. He estimates that cash on hand and net earnings for the period will aggregate $8,000, 000, and the management is now ap plying for permission to make a short term loan for $7,500,000 against se curities in the company's treasury. It is believed that such a loan can be secured, but there will then remain $4,(00,000 to be provided between new and July L m.