Newspaper Page Text
The Pioneer Press. HERE tSilAuI, TUB PKEbb, TUE PEOPLE'S K K. 11Tb MAINTAIN, ONAWED BY INFLUENCE AND UN BRIBED BY GAIN" ESTABLISHED 1882, 7vi AKT1NSBUHG, W. V A? SATCKD AY, AUGUST 8, 1914. VOL. 3:5 NO. 23 L Pennsylvarva and West Virginia Drawn Upon For Sup ply. A pronounced impetus was impart ed to the coal business of the Pitts burg and West Virginia districts as a result of war news from Europe i.umiR the last few days. West Vir r :i:n companies took heavy contrac's lo supply coal to the Italian and Egyptian gove nments early in May, and orders have been received ny them to hurry shipments in order that cargoes may be landed before actual hostilities have begun. While Egypt Is not involved in the probable war, that country is more or less Brit'sh ter -.iory, and might become a point of attack if England and France become embroiled with Russia against Austro-Hungary and Germany It is thought, by some that one rea son for Italy's tentative declaration of neutrality is to gain time for th accumulation of coal for its navy and railroads. Hur: y orders wers also receive1 from across the Canadian hordei within a day or two. While Nova Scotia produces- coal in abundant the distance to the cities and pert on the St. Lawrence River in th provinces of Ontario and Quebec ' so great that coal from Pennsylavni and West Virginia is shipped tlier~ if G< eat. Britain gets into war it wT be neecssary to protect the coast of Canada with whatever naval ves sels are available, and part'cul^rl the cities reched by way of the St Lawrence. For this reason it will b necessary to have a supply of c?n at available points, and it is for thi purpose that hurry orde-:s have bee: received. At Atlantic ports coal has bee7", bought in large quantities by agent: ol the British admirality, one state ment being that 75,000 tons have been picked up during the last 4S hours some of which will be hurried to the British West Indies. On the Pacific side of the continent British Colom bia coal will be available for British naval ships, especially that produce 1 on the Isle of Vancouver, although there has been a miners' strike on that island for a year or more an 1 production is much hampered in con sequence. DFATH STRUGGLE Campaign Over Constitutional Amendments In Ohio Begins In Earnest. CLEVELAND. O., Aug. 4.?'The greatest "wet" and 'dry" campaign ever staged in Ohip began in earn est today when t.he "dry" forces filed at, tlie oflit-e of the secretary of state a proposed constitutional amendment abolishing the present county local option law, and establishing the tow 1 sliip and muincipality as the unit in future liquor legislation. Linps are closely drawn and each side will put forth every effort in Ihe fight for its life. The anti-sa loon league has been at work throw ing out its forces in every village ir. the state, and its chief opponents, divisions of the personal liberty lea gue, have taxed every resource '.o stem thp. tide of temperance in Ohio. The question promises to have con siderable bearing on, if it does ot completely overshadow the campaign for governor. E Eufopean Markets Practically Demor alised? United Stales Crop Reports Quite Good. (By W. S. COUSINS,) Editor of the American Banker. NEW YORK, Aug. ?It is always poss ble, under ordinary circumstan ces, and in times of national and in ter.lational tranquility to estimate the prospects for prosperity by the tangible evidences that are capabltrcf interpretation even to the layniiu. Thus, when bumper harvests are not >nly promised but actually produce.I, rate comparatievly low when the prospect of a better under standing between business men and legislators* has become much more apparent, it is logical to conclude that such a combination will insure an era of business prosperity and na t-onal plenty. There is one influence, however, that will completely shatter the most accurate and positive cal culations, and produce chaos am: ?.'i'iic in the face of the most favor able circumstances. This terrible in r u< in'e "s that of international war he effects of which, under twentietl entury conditions, would no doub )e the g eatest calamity that th world has ever sucered. The war clouds that "have beer gathering over Continental Europe i ho week past, broke with disastrou ?onsequenees on Tuesday of th I: a eek, shatterng and demoraliziu;. not only the financial markets of Ku ope, but of America as well. It had been said of New York that this was lie only stock market in the world hat was not in a state of panic i:s ;he week ending July 25. The war scare which ushered in such chaotic conditions 'n the stock markets of London, Paris, Berlin and Vienna bore all the marks that characteriez such a catastrophe. All the securi ties of European banks and govern ments were weak. British consols declining in the general tumble. From figures compiled by Dow, Jones Co., it appears that there are iii default at the ? resent time $551, 000,000 of railroad securities in this country, a larger total than has be fore existed at one time since the panic of 181*3. If the prospects of further defaults before the close of this year are realized the total will be increased by at least .$72,000,000 more. The St. Louis & San Fran cisco heads th<? list of non-interst paying railroads witha total of $195. ooo 000 of defaulted bonds and not.e-5. Its former subsidiary, the Chicago & Eastern Illinois, has $25,000,000 more not included in the Frisco's total. The Chicago, Rock Island & Pacific Railroad Company, formed to hold stock in the operating company, has not paid interest due May 1 on iU $71,353,000 of collateral 4c, while the Pere Marquette has failed in pay ments on $65,000,000 of securities and is expected to default on $11, 000,000 more by order of the courts. The Wabash-Pittsburg Terminal pars nothing on $50,000,000 of securities while the Wabash has defaulted on $47,000,000. Trade and crop reports are still very satisfactory and are indicative of expanding business all along the line. This is especially true of the steel trade, in which a gradual bettaf" inent has been noted since July 1. The greatest improvement has been in sentiment, and the attitude of the steel trade furnishes strong corrobor ation of President Wilson's diagnosis ot the business depression as beit g psychological. Simultaneously with WHA T IS IT ALL ABOUT? The present war situation in Eu rope lias recalled to a (lumber of old-timers Southey's poem. "The Hat tie of Ulenhcitn," as something aprop os to present conditions. The poem reads as follows: It was a summer's evening, Old Kaspar's work was done, And he before his cottage door Was sitting in the sun; And by him sported on the green His little grandchild Wilhelniine. She saw her brother Peterkin Roll something large and round. Which he, beside the rivulet In playing there, had found, lie came to ask what he had found, That was so large, and smooth, and round. Old Kaspar took it from the boy, Who stood expectant by; And then the old man shook his head, And, with a natural sigh, " 'Tis some poor fellow's skull," said he, "Wilio fell in the great victory! "1 find them in the garden, For there's many hereabout; \nd often when I go to plow, The plowshare turns them out; For many thousand men," said he, 'Were slain in that great victory!" 'N'ow tell us what 'twas all about," Young Peterkin he cries; ' nd little Wilhelmine looks up With wonder-waiting eyes; Wow tell us all about the war Vnd what they killed each other.for." 'It was the English," Kaspar cried, "Who put the French to rout; Rut what they killed each othre for T could not well make out But everybody said," quoth he, "That 'twas a famous victory! "My father lived in Blenheim then. Yon little stream hard by; They burned his dwelling to the ground, And he was forced to fly; So with his wife and child he lied, Nor had he where to rest his head. "With lire and sword the country round Was wasted far and wide; i\tid many a ehilding mother then And new-horn baby died. Hut things like that, you know, must be At every famous victory. "They say it was a shocking sight After the field was won; For many thousand bodies here Lay rotting in the sun. Hut things like that, you know, must be After a famous victory. "Great praise the Duke of Marlbor ough won, And our ?rood Prince Eugene." "Why, 'twas a?very wicked thing!" Said little Wilhelmine. "Nay, nay, my little girl," quoth he, "It was a famous victory! "And everybody .praised the Duke Who this great fight did win." "But what good came of it at last?" Quoth little Peterkin. "Why, that I cannot tell," said he "But 'twas a famous victory." ? Robert Southey. Within the Past Three Years the Pennsy Has Spent $6,000,000 in Improvements. With the completion on September 1st of an elaborate plan of improve ments in its automatic block signal j system, the Pennsylvania railroad; will have more four-track line oper-l ated under automatic signals than any railroad in the world. At a cost of $6,000,000 the Pennsyl-' vania railroad has in the past three! years equipped 153 miles of its main lines with automatic signals. On September 1st the main line oT the Pennsylvania railroad between; Pittsburg and New York, and Phila delphia and Washington will be equip ped with automatic block signals. The signal system on the Pennsyl-j vania railroad east of Pittsburg and Erie represents an estimated invest ment of approximately $18,000,000. The difficulty in arriving at more than an aproximate figure is due to the fact that many changes have been made in the signals from time to time in the past thirty years. The electro-pneumatic interlocking switch and signal system in the New York! station and on the electric line be-; tween Sunnyside Yard, L. T., and Manhattan Transfer, N. J., alone cost $1,750,000. It takes a normal force of 1,800 men to maintain the Pennsylvania's signal system. It costs to keep thesn signals In order no less than $1,500, 000 a year. I . . ? -Ml LI ,,11 the rush of new orders by the rail roads came announcements of in creases in working forces and speed ing up mills and furnaces that were previously idle. GETS POLL SUPPORT Senior Hitchcock, Has Been Con verted to Support of New York Banker. WASHINGTON, Aug. 'That a majority of the members of the Son ate Banlrng and Currency Commit tee would sign a report favoring the confirmation of Paul M. Warburg as a member of the Federal Iteservo Hoard was certain when the hearing of Mr. Warburg was completed yes terday. Including* nearly three hours of grilling yesterday M". Warburg was on the stand a total of seven hours before the committee, at the conclu sion of which a large majority, it was stated, had won over to him. Senator Hitchcock, of Nebraska, who, as acting chairmna in the ab sence of Senator Owen, virtually leJ the light against the confirmation of Thomas I>. Jones, will vote, it was learned last night, for the confirma tion of Warburg. The attitude cf Senator Heed, Jones' other Democra tic opponent on the committee, is sti'.l uncertain. A prominent Democratic member of the committee stated that he di-J not believe a single Democrat would oppose Warburg's confirmation, either in the committee or on the floor the Senate later. SALfeSMENtWanteji to sell Our West Virginia Grown NURSERY STOCK Fino *an vassiug outfit FUTCE. Cash Commis sions Paid Weekly. Write for terms. The Gold Nursery Co. Maton City, W, Vm. PRESIDENT FIRM FOR HIS POLICY Declines to Advise Congress to Drop the Anti-Trust Legisla tion Now. President Wilson last night daily timitMl down a request of Republi can leaders or tho senate that, in \ iow of t In* danger to business in the I * ii it 4?<1 Stales growing <?"t of I'm Kuropean war, the pending Trust leg islation program he postponed until the next session of congress I Senators (Jallinger, Smoot an 1 I Hrandegeo discussed tho situation ! with Mr. Wilson at length, and toM ?him that in their o])iuiou tho anti ' Trust bills would lead to further bus iness t roubles. President Wilson assure I his call ers that, in his opinion husine would I Ii" hurt, more if left uneerlain *?s lo ; what the anti-Trust, hills were to Iw. i lie declared tliat he was determined that final action on tin* bills should j ! be taken during the present session ? of eongret:.-., and asked the senators whether 111" Republicans would con duct. a liilibu.Uer against them. Il(i was to'd that nothing of thif\ kind was to be expected, t.hough tb.jj Republicans reserved Ihe right off voting against the bills if they so do sired. After leaving tho White Mouse the senators said they saw no reason why congress should remain in ses sion after September 1. HAIL STORM LEAVES ICE BANKS IN TRAIL People Gather Ice Daiis Three D^ys After and Freeze Ice Cream For Sunday Dinners. Last Thursday whoa Little George town received such a deluge of hail during 11k; electrical storm tho peo ple then; had no idea that, they would have ice enough t<> last until Sun day and of a sull'ieion!. (juantity t.'> freeze ice cream for their Sundav dinners, hut such was the ease and f.'.ct. At the; farm where Marry Lo in aster lives, the hail washed down the hill and piled up in a heap threo or four feet high behind iiis straw st ack. Saturday morning Mr, Lomaster was ha- ling wheat to North Moun tain and mentioned to M.\ Ilammer slea at the mill about the pile of hail at his place and Mr. Ilammor siea would not helieve it, so in th:j afternoon When Mr. Lomaster made another trip to the mill, he took a sack of the hail along to convince Mr. Ilammerslea of the; fact. So. Mr. Ilammerslea kept the hail and froze ice cream for dinner Sunday. Others went t.o see tho ice Sunday morn ing and carried it away in buckets ar.d froze cream for dinner. Lato Monday evening there was still some of tho hail there. HERRICK SAYS PARIS IS SAFE AS LONDON PARIS, Aug. 4. The pressure o? Americans desiring a: istnaco became so great yesterday at the embassy that Ambassador; Horrick, who wan livable to talk with them individually* made a speech. In substance he said that Paris as safe a place for Americans as Lon don. He would bo pleased to aifl them to leave Paris, but, i:i view of, the. French mobilisation* order, it would be difficult for them to go fcr several days.