New-York tribune. [volume], August 25, 1915, Page 3, Image 3

About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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.' eek aaate this I..ear
MemaUr. et'taint teat), ans Pe*a**Wi
Boy-and-Girl Love
is the theme in which the au?
thor of" The Dark Flower"
excels evety other living
writer.
This springtime love is the
central theme of his new
novel,"The Kreelands." But,
incidentally, there is a bril?
liant commentary on some
of the most absorbing social
problems of the day.
THE FREELANDS
By John Galsworthy
S 1.35 net
CHARLES SCRIBNER'SSONS
BERLIN CROWDS
CHEER CHMCELLOR
Yon Bethmann-HollweK's Latest
War Speech Highly Approved
in German Capital.
Berlin, Aug. 21 i by wire'ess to
Tuckerten, N J, Au,?. 24). -"That the
(?erman people heartily approve of the
patriotic action ef the Reichstag in
passing the war loan demanded by the
'ment was made manifest last
tie demonstration be
nce of Pr. Theo
? on Bethmann-H the Im?
perial Germ.nn Chancellor," fays the
cy.
"Long before 0 ;. m., the hour set
e demonstration, thousands of
persons of all classes jrathered in
?f the hisl .- -o long
nee Hir-marck. In
?rowd were old men and boy?,
diers, some of them
wounds and wearing
? oration; gray
red eterans of 1870-*71 proudly
wear tl | ??ar medals and
many women of nil age?. Also there j
were sern Rni Cross nurses in their
: Boy Scout organiza
iform.
"The Chancellor was completely i
When informed that a
member of the crowd wanti'd to ad- ,
him he oHerr | 1 big ga'e-?
swung open and entered the balcony.,
??here he listened to the address. The :
?' remarks, dwelt,
upon the great sreech of the Chan?
ta the R -be loan !
. wonderful victories
? German army.
"The crow! Ural **ang Teutschland
and then the old
Lutheran hymn, 'AW '
u God,' the Chancellor and his
.- heartily in the sing
After the last verse C
ran hymn Chancellor von B
mann-Hollweg stepped forward
addressed the gather-n?.:
" -What you sang.' he said, 'is an
of the battle thunder?, our peo
ver the heroic
ir armies wh'eh resulted in Rus
stroughold? being smashed like
ng 1
thank God, who has helped
far.*"
Took Acid to Scare Husband.
luse she wanted to frighten her
ind into providing a hoir,,
'
ink a
n of carbolic acid. She will ?
HOLDS BRITAIN
SHOULD PRODUCE
COTTON PROOFS
U. S. Will Insist Cargoes
to Neutrals Be Assumed
Innocent.
SEIZURE OF EXCESS
GOODS HELD UNFAIR
Will Also Bring Protest?Ger?
many Limits Manufacture of
Cotton, Seeing Long War.
[Tmni th? TVlt'ian* Bursstu 7]
Washington, Aug. 24.--The I'nited
States will vigorously oppose seizures
; of cotton under the new British order
declaring it absolute contraband un
: less the British authorities are able to
produce proof that the cargoes are des?
tined for their enemies. This was offi
i cially announced at the State Depart?
ment to-day, and will be embodied in
the forthcoming note to Great Britain.
The British government stated that 't
the burden of proof would rest on the
shippers, who would be constrained to
show that the cotton was actually des?
tined for neutral consumption. This is j
the same rule as was applied under the
Orders in Council, against which the
1 State Department made a stiff protest.
The attitude of the American gov- ,
ernment is that goods consigned to a ?
neutral port must be assumed to be of |
1 innocent destination unless proved j
otherwise. Great Britain's attitude is
that it is practically impossible to pro- ]
j duce such proof, and that the assump?
tion mu-! be made that it is intended
for the enemy unless there is proof to
[ the contrary.
The determination of the British gov- \
ernment to sciiie all cargoes in excess
of the normal consumption of the neu- |
tral country to which the consignment j
is made will also call forth a protest, j
It is held by the State Department that
each case must be judged on its own
merits, and not in relation to the total ,
shipments for the season. It is main- I
tained that no shipper can be held re- ;
sponsible for the actions of other ship- |
pers.
Normal Consumption .Mlowed.
Reassurance to cotton shippers that j
their cargoes for neutrals will not he j
confiscated if they come within the ?
normal consumption was given in a
statement issued ;o-day at the British !
Embassy.
The German government, as a pre- ?
cautionary measure, ha*, limited the
manufacture of cotton goods to safe
guard the supply for the army and .
navy, in spite of the large supplies of
cotton said to be on hand in the em?
pire. The measure is one of "partial
restriction," and calls for prohibition
in the manufacture of certain dispen
sable "peace articles," but even this j
ire of restriction becomes inop?
erative when the "public welfare or j
maintenance of economic life is con- i
I coined."
These facts are contained in the '
j weekly report on general conditions in i
?.rnr.ar.v durinir the war published by1
, the American Association of Commerce j
' und Trade, of Berlin, a member of the i
i'hamber of Commerce of the I'nited
-. which ha? just reached Wash?
ington. The association prints the fol
?g:
"The German cotton industry, con?
trary to others, has been, since the
outbreak of the war, in the fortunate
on of not being obliged to re
iti production to any considera
| ble extent, caused by the cessation of
cotton imports, beca'ise stored supplies i
of cotton were abundant in the earliu
months of the war, and therefore
was not necessary to enact any ordei
regulating its consumption.
"On the other hand, it has now bee
found practical by the government, i
view of the cessation of cotton itr
ports, to regulate the production c
cotton goods in a manner which, ur.dc
all circumstances, will insure an
safeguard the supply, no matter ho*
long the war may last.
Making of "Peace Articles" Rarre?
The first measure enacted in this rr
spect calls for prohibition in the man
ufacture of certain dispensable 'peac
articles,' and it can be truthfully sai
thnt this order is very lenient an
that the textile industry has retainc
under it its independence, althoug
under official control.
"Even if this new order does no
nermit the manufacture of certain cot
ton goods for the civilian populatior
the manufacture of the principal re
quirements, however, such as under
wear and bed clothes, dress goods an
linings, is fully permitted.
"Furthermore, it was found practi
cal to prohibit the manufacture o
goods which, actually dispensable, ar
so calleil 'peace commodities.' How
over, provision has been made in sucl
cases where public welfare or mainten
anee of economic life is concerned.
"It was found on close examinatioi
that restrictions in the production o
dress goods and cloth would not neces
sari)*" be detrimental to the trade, a?
in view of the large supplies on ham
of such goods, the demand for th'
civilian population is entirely assure?
for a very long time. Therefore, t<
produce further supplies of sucl
gnoils would be, under prevailing cir
cumstances. a waste of raw material
and such waste must be prevented.
"It is considered a safety measuri
to limit the manufacture of cottoi
goods to safeguard the supply for thi
army and naw, in spite of the larg?
.supplies of cotton on hand."
Figures recently comoiled bv th?
Department of Commerce show tha'
at the end of Julv of this vear Ger
many had on hand only 670 bales ol
cotton, compared with 2,200,000 in th?
s:ime month last year, and only $'.00,'
000,000 worth of cotton goods, com?
pared with $250,000.000 in July. 1914.
AUS?RIA?1?NS
WIN CARSO DUEL
Drive Foe from Trenches
Occupied on Heights
at Monfalcone.
Vienna, Aug. 2-5. - A victory for the
Austrian artillery at Monfalcone, on the
Caree plateau, is reported in the offi?
cial statement issued by the War Office
to-night.
The enemy's guns were silenced at
the mouth of the Sdobba and an Ital?
ian battery was destroyed. Before the
Austrian guntire the invaders, who had
gained a footing on the heights of
Monfalcone, evacuated their trenches.
AUSTRIAN OFFICIAL.
The statement follows:
On the southern wing of the coast?
al district front our heavy artillery
silenced hostile guns at the mouth
of the Sdobba. An Italian coast
battery near Golavetto was destroyed.
The enemy's infantry, which had
gained a footing on the heights of
Monfalcone, opposite our positions,
hurriedly evacuated its tronches he
fore our guntire.
F.ast of Polazzo our troops bloodily
repulsed two weak attacks near San
Marti..o and three attacks which were
carried close to our battle front. An
evening attack by strong enemy
forces against the Tolmino bridge?
head also failed. In the fortified
district of Flitsch and Raibl enemy
infantry is approaching closer to our
lines at some points.
Our fortilications on the high pla?
teaus of I.avaror.ne and Folgaria
were heavily bombarded yesterday.
Knemy artillery opened fire against
our positions on the Stilfser riilge.
t
Hampton Furniture
for Boudoir and Bed-Room
THF aristocratic grace and
elegance which distin?
guished those of the French
"Atctrn Regime" was so cleverly
reflected in the furniture fashioned
for the Court of Marie Antoinette
that today none other seems more
fitting for my Lady's Boudoir and
Sleeping Chamber.
Hampton Shops Reproductions
of the masterpieces of thai*, period
preserve this character in their
every detail. In the generously
proportioned Day Bed, for instance,
with its dainty appurtenances,
or the Chaise Langue with its
down-filled pillows, in the ample
Table de-Toilette or the fall-fronted
Cabinet with its, fastidious pattem
ings of delicate inlay.
OAMPTON
tl SHOPS _^-^^
34 AN2 36 WEST ?32d STREET ^^/Z^^-"?-- "_-? - -
' I NEW YORK *W?j , PS- ij. ""I [
?"--- ?! *'? **W*>" . t I1-- [; ??, 1, >y.-?Tin'- ** -*-1 ?-"-^a*^-*^^----?
Ep*i ^nii'p?^^^^^
FEDERAL BANKS
: MAKE NO LOANS
' ON WAR EXPORTS
?Refuse to Rediscount Pa?
per Based on Shipments
of Munitions.
IMPORTS DOMINANT
IN TRADE FINANCED
Reserve Board Denies Attitude
of Member Directorates
Is "Inspired."
(From Tb* Tribun* BurMU.]
Washington, Aug. 24. Not one dol?
lar of loans on war exports has been
advanced by the Federal Reserve
banks, it was disclosed at the Treas?
ury Department today. The.-e banks,
from the figures available at the de
? partment, are refusing to rediscount
paper based on exports of arms and
munitions of war as consistently as
if imperative orders had been given
by the Federal Reserve Board.
That such orders had been issued
was positively denied by a high offi?
cial of the board, who remarked that
the only explanation would be that
the directors of the Reserve banks
had in the case of each bank deciiled
that th?y would not make loans on
so-called "war exports."
Financing of Imports Leads.
It was pointed out at the depart?
ment to-day that the amount of re?
discounts for last week totalled $41,
750,000. Of this $12,731,000 was ?he
' rediscounting of acceptances. Sixty |
per cent of this, or nearly $8,000,000,
was the. financing of imports, while
only .'U per cent, or $1,128,540, was
for exports.
The loans on import? which were
rediscounted by the Federal Reserve
hanks were to the loans on exports
as sixty is to thirty-four. Yet dur-1
ing the same week the exports
amounted to $60,K23,835, against im?
ports of $32,198,560, almost reversing
I this ratio.
Of th? $4.428,540 actually advanced
I in rediscounting acceptances for ex
: ports, 82 per cent was loaned on cot?
ton, and none of the remaining IS per
cent was loaned on the class of ex?
ports which is piling up the totals of
exports supplies for the armies of the
belligerents.
<?ne of the great benefits which
i was expected to result from the pres
j eat reserve system, it was remarked
I to-night by observers of this condi?
tion, -vas that its facilities for financ?
ing international shipments wou'd be
i of incalculable benetit to the business
interests of the country in encourag?
ing international trade, and particu
't larly exports.
Peace Council Protested.
When Representative Fowler ?nd
j his friends of the so-called Labor's
? Peace Council protested to the Re?
serve Board recently against the;
; financing of war exports, and par- i
, ticularly against the issuance of re- ?
serve notes to take up acceptances ;
for such exports, he got little satis-1
faction. The board took the view that
, it could not thus control the ultimate
, use of money issued by it in strict.
, compliance with the terms of the law
, any more than the mint could specify '
. that particular coins should not be
u?id for the purchase of liquor in an
i illegal manner.
NO COTTON CRISIS
SEEN BY BANKERS
$30,000,000 Federal Reserve
Fund Not Needed, Say Ex
perts in This City.
Both bankers and co'tnn brokers !
when interrogated yesterday as to the
action of the government in seniling i
out $30.(100.000 through the Federal
Reserve banks to be deposited through?
out the South, in order to alleviate a
cr;?is in the cotton market, said,,
"There la no crisis."
In one of the most influential in- :
stitutions which handles each year a ?
large percentage of the business of i
financing the movement of cotton, the
attitude expressed was "conrervatively
optimistir." "There is no surprise con- ?
nected with England's declaration that I
I cotton is to be considered contraband."
i* was explained. "In the financial and !
in the cotton world such a move haj |
heen expected for nearly a year. Con- i
trahand cotton will take care of itself.
We must simply sit tight and forget to :
. worry. The banks have plenty of funds ']
and are willing always to lend them
on good collateral. Cotton is one of !
the best."
Another banker expressed his con- I
? viction that England would take up
that part of the crop which might be
left over, and thus, despite the !o-s
1 of the foreign purchasers. Germany '
', and Austria, stabilize the crop.
"This country," said he, "is richer i
: to-dav than it ever was. Not only do i
! I believe that England will take up !
! the residue of the crop, but there will j
! be an increased demand in domestic
markets for cotton. The action of the
government in this regard is rather
amusing, when we remember that last
year only about $20,0(10 of the $100,- ?
0 pool gotten together by the
Northern banks in an attempt to help
the South move its crop, was used."
' A somewhat different point of view
was taken by an Alabama banker who
is in the city on business. He had
nothing but praise for Secretary Me-1
Adoo, stating that it showed the will- I
ingness of the government to help the
agriculturist snd adding that he hoped
the planters would make use of a rani
opportunity. The shortsightedness of
the planters in not availing themselves
of the money might, said he, make
-.hem lose money by putting too much
?.often on the market. I
Among members of the Cotton Ex?
change and cotton brokers, the action
?f the government was thought to be
void of effect on the market. One
banker, considered an expert on spot
cotton, said: "The law of supply and
demand is all that will fix the price,
?nd nothing the government nor poli?
ticians can do will make that law any
less inexorable. It is the unknown
things that make a market and I am
.nclined to be bullish, because the bad
things about the crop are known. Cot
, ton will take care of itself."
Shrapnel Makers Not to Merge
Reports in the financial district yes
] terday to the effect that a merger of
i the American Car and Foundry Com
j pany and the Canadian Car and Foun
, ?iry Company was under consideration
were denied by F. L Skelton. treasurer
of the former concern. Mr. Skelton
said, while the relations of the two com
' pames were extremely friendly, no
thought of a consolidation was in mind.
Both concerns are said to be engaged
j in the manufacture o? shrapnel on a
J lar*e scale, - - 1
HOLD-UP OF LOAN
CAUSES LAPSE OF
WAR CONTRACTS
Fear Allies Cannot Go On
Buying Unless They
Guarantee Payments.
$30,000,000 ORDER
WILL NOT BE FILLED
I Five British Financiers Coming
Here to Arrange Credit
to Meet Bills.
According to information obtained
yesterday from trustworthy .-ources,
; American manufacturers who have con
; traded to ship immense supplies of
' war munitions abroad are beginning to
feel the effect of the delay in the for?
mulation of plans to relieve the for?
eign exchange situation. One of the im?
mediate results of the temporary sus
j pension of negotiations for a big loan
, to Great Britain, estimated as high as
! ?500,0?10,000, has been the expiration in
'? several important instances of options
on big contracts.
| The companies who were given these
. options have not exercised them, it was
said, through fear that the Allies can
? not go on at the present rate of buy
I ing unless they are willing to agree
. with American bankers on a plan that
I will guarantee future payments to the
shippers. One of the companies re?
ported to have voluntarily allowed an
important option on a war contract to
| lapse is the American Can Company.
The amount of the order is understood
to have been $.''0,1100,000.
The seriousness of a widespread
policy of cancellations of war orders or
! allowing options to lapse is found in
the statement that the amount of busi?
ness approved by J. P. Morgan ?A- < o.,
as commercial agents for ??real Brit?
ain, has been in the neighborhood of
$100,000,000 a month.
Five British financiers, and not
three, as originally reported, probably
will repre.-etit Great Britain in arrang?
ing a foreign credit here to meet bills
for munitions and other supplies due
American exporters, according to ad?
vices said to have been received yes?
terday by New York financiers from
London.
It was considered possible that this
deputation of live would discuss the
issuance of a joint credit loan to ?ireat
Britain, France and Russia, hut hank?
ers here declined to discuss thi< eventu?
ality until after the arrival of the Lon?
don financiers in New York. It is be?
lieved that the deputation will sail on
; the American Line steamer St, Paul,
due to depart to-day from Liverpool,
but this is not definitely known.
Althouph the personnel of the depu?
tation was understood to be known to
local bankers, none cared to discuss it.
It is believed that Sir Edward Holden
and Sir Felix Schuster, named in the
original report from London, would
represent the joint stock banks of Lon?
don, and that a third representative of
these banks would accompany them.
The other two men.hers, it IS said, wtll
represent the British Treasury Depart?
ment.
No marked developments or changes
in the foreign exchange situation are
anticipated until after their arrival.
OFFICIALS THINK
GERMANY SOLVENT
U. S. Treasury Experts Say Ber?
lin Is Far from End of
Financial Rope.
frrnm The Tribu?.? BiirfiK J
Washington, Aug. 24, That Ger?
many is far from the end of her finan?
cial rope, and that no loan which she
would make at the present time would
exhaust her financial resources, is the
view taken by Treasury Department
experts regarding the reports published
of her grave financial condition.
A day of reckoning probably is com?
ing at the end of the war, it li pointed
out, but in the meantime, except in
paying for imports, she will have no
great trouble, certainly no more thin
the United States did in the Civil War,
when it took $728 of greenbacks to pay
for $100 in gold.
"At the present time Germany is liv?
ing on an inflated currency," said a
member of the Federal Reserve Board,
"according to reports received by us.
That is a bad and unhealthy condition,
but it does not by any means indicate
that there is a crisis near. It is a con?
dition which plays navoc with the men
whose estates eonaiat of money that is
owed to them, and on the other hand it
is intensely pleasing to those who owe
debts and can scrape together enough
of the inflated currency to pay them.
"So far there has been no repetition
of the old times in the Confederacy
when it took a market basket full of
money to buy a market basket full of
food. One reason is that the (iorraan
government has been regulating prices,
as well as everything el-e. Moreover,
the inflation has not yet gone to any?
thing like that exetent. That inflation
la serious, however, is shown by the
continued dropping of the exchange.
Germany, unless she pays for her im?
ports in gold or foreign securities, will
lose tremendously by having to pay
this exchange rate. That does not
mean that she would be very rapidly
denuded of her gold, however, for ?if
she is importing products it is quite
likely that she is also exporting some
of hers, and there is a possibility that
these are balancing each other. In
that way she can live 'on herself,' so
to speak, as did the Southern Confed?
eracy, for a long time.
"When the end of the war comes, of
course, the terrible exchange rate
which will be maintained against her
until she gets her financial affairs in
better shape will fotce her to set about
redeeming the flood of paper money
which has been issued. Then again,
with the change in value of the paper
mark would come another rea?ijust
ment by which many persons would
become poorer and others richer."
??
BELMONT GUIDES
BIG DYE VENTURE
$1.000.000 Corporation Takes
Over Chester Works.
The mysterious "yellow works" at
Chester, Conn., where aniline dyes are
being made to supplant the former
German product, is to be operated by a
$1,1)00,000 corporation formed under
the supervision of August Belmont.
The coiporation w.ll be known as
the Middlesex Ch -mical Company. Its
officers are E. Mora Davisoa. presiilent;
John T. Hettrick, <-i**o-presidaat; K. A.
Palen. secretary, and J. J. Coakley,
treasurer. In addition to the first
three, the board of directors w;ll in?
clude J. P. Davine, of Buffalo, and
I Per?"* C. Maajnusa, o? ?Nsw York,_
'Ex-Governo
Hadley of M<
tells wherei
the Democrat
have failed, an
shows why th
Progressives shoul
return to the R<
publican fold?an
dominate it?in
forcasting article
conservative c
Progressive?"?i
this week's
Colliers
THE NATIONAl WEEKLY
FRANCE OBTAINS
$20,000,000 MOR
CREDIT HER
Negotiations with Brov
Bros. & Co. Completed
Yesterday.
The negotiations which have be
, under way for more than a month I
? tween the private banking house
Rrown Brothers et Co. and the tina
cial representatives of the French gc
eminent for the placing of a $20,00
000 French commercial credit in tr
country reached their completion y?
terday.
In the statement issued by the Ni
York bankers emphasis was laid on t
i assertion that the purpose of t
: credit is to enable American expoi
, eis to be paid in dollars in the Unit
; States, eliminating any risk of e
change and thus facilitating our e
I porta. Regarding the loan the stat
ment added:
"It will also enable French buye
j of American merchandise and oth
! commodities who have found it di
I ficult, owing to extraordinary :ond
\ tions now prevailing, to obtain e
? change with which to settle their a
counts with American merchants.
"The credit is for a period of oi
year, and is to be availed of by draf
at ninety days' sight. Care has be?
taken to comply with the requiremen
; of our banking laws relating to con
! mercial acceptances. In addition 1
' the respoi.sibility of the French drav
er? of the hills, the credit is secure
by the guarantee of the Bank <
France of payment at maturity in gol
! if necessary. Collateral is also depoi
! ited in New York as additional prote?
tion of the credit.
"As tho drafts come forward and at
discounted in the open market an o|
\ portunity will be offered for the Sri
time to American institutions and ii
? ve.stors of buying commercial pape
drawn by firms and institutions of th
highest character in Europe on corn
j sponding strong firms and institution
in this country, which should discour
I at the finest rates. The appearance c
j such paper should go far toward cr?ai
' ing a genuine open discount marke
: without which this country cannot e>
: pect to continue to play its part i
the financing of our foreign trade."
While no direct statement was mad
as to the rediscountability of the ac
eeptaneea at the Federal Re.-.erv
Hunks, the efforts made to "compl
with the requirements of our bankin
laws relating to commercial nccep
farces" left no doubt in the minds o
bankets that this feature could b
a.ailed of in instances where the ac
ci'ptors are members of the Feuere
Reserve ?>stem. Governor Benjamn
Stropg last night declined to .make I
statement in this connection, howevei
owing to the fact that he had not see:
j the official announcement made b;
Brown Brothers.
Knowledge that this firm was in ne
gotiation with French bankers for th'
granting of a substantial credit wa,
published several weeks ago. The ar
rangements were delayed, a membe
of the firm stated yesterday, owing t<
the premature publication of some de
tails of the financing.
This transaction follows the loar
made to France several weeks ago b;
.1. P. Morgan & Co., who were given ai
collateral bonds of the Penneylvanii
Railroad and the Chicago, Mi!w;uike<
<y St. Paul. The total amount place.
to the credit of the French govern
ment here was *?43,000,000. Abou* $2?,
dOO.OOO of this sum is to be pai?i of!
by the sale of the Pennsylvania bonds
which are in franc denomination
Kuhn, Loeb & Co., acting for the rail
road, it is understood, will put out a
new issue of dollar bonds to replace
the issue originally sold in Paris.
Previous transactions involving the
financing of French obligations in the
ted Statei include the purchase
early last ipring bv a syndicate head?
ed bv ?). P, Morgan _ Co. of $50.000,000
iive-year *5 per cent government notes
which were offered for public subscrip?
tion, but the offering was not the sue
, cess expected. In October, ISM 4, :i
syndicate of banks headed by the Na?
tional City Bank extended a credit of
$10,000,000 to France through the pur?
chase of that amount of *> pei cent
notes, and early last August the French
government obtained a credit of $316,
00O.C0O with J. P. Morgan & Co.
through their Paris house, Morgan,
Harjes & Co.
PRICES SOAR IN AUSTRIA
Higher Cost of Wood and Coal Begina
to Canse Distress.
IB, citie m r?< Mm i
Lugano, Aug. 24. The recent in?
crease in prices of matters of prime
necessity are threatening to produce
a crisis in Austria. The Vienna jour
j nal "Der Zeit" declares that the enor?
mous increase in the price of wood in
Hungary is causing acute distress and
] that the press is attacking both the
dealers and the government. The price
a wagonload has shot up in a few
days from 120 to 380 kronen at Vi?
enna.
The price of the transport of coal
has been doubled, and it is threatened
that the sale price will also be dou?
bled.
A meeting was held yesterday in
Vienna of Galicien petroleum well
owners to protest against the requi?
sition of their whole stock by the
military authorities, as this threatens
to be a catastrophe for commerce and
1.-4-S-MU
Store opens 8:30 A. M.. Close*. 5:30 P. M. (Ssttirdsy I o'clock.)
.Beginning at 8:30 A. M. today
The Final Sale of
Every Lightweight
Sack Suit in Stock
that was formerly $28 to $38
now reduced to
$19.50
?-I This is the final round-up of every lightweight
suit in stock?mixtures, as well as blacks and blues
?in fact, every suit in stock, without a solitary
reservation! We need the room for Fall mer?
chandise and have made a liberal sacrifice to get it.
As for the selections, they are singularly good.
Embracing at this uniform figure the remainder of
all higher-priced lines, the assortments are obviously
well spiced with variety, and the man who gets here
early will add to the economy of his purchase the
fullest latitude for individual choice.
Small charge for alterations.
150 Men's Linen Suits at $2.50
We don't want them any longer.
Can you use one at this price?
A Clearance of Men's Dusters.
Various kinds reduced to $1.00
Motor Apparel Shop, 6th Floor.
Continuing the final clearance of
Mens Low Shoes
reduced from $$ and $0 to $2.95
Included are the season's best models in mahogany
Russia, or gun metal calf, also patent colt. Tops
of same or of tan or gray box cloth or buckskin.
$6 to $8 High and Lou Shoes?now $3.95
BRITISH BANKERS
IN RANK AND FILI
- ?
New Tommies from Surtdn
Walks of Life?All Find Their
Talents Useful.
British Army Headquarters it
; France. Aug 11 i correspondence of Th?
i Associated Press . "We are in l.gh
! of the trenches at last," said a privat?
:n what is known as the Stock Ex
change Battalion of a regimerft of th?
?-.ew British army. "It's been a Ion,
pull in e haul mail??':. But we nevo
missed getting o.ir ; lulling a dav and
our wives have cot their separation
ul Io war. ces regularly.''
Privates in the Stock Exchange Bat
'alion have, name.- well known in the
? world of finance. Some of them h?ve
subscribed fortunes to the latest war
loan.
"At home I have threp bathrooms in
i mv house and sixteen bedrooms," said
j one. "Here I am glad to take mv turr.
, with the ?rash basin. As for sleeping
?on stra. in a bain, it is paradise after
a hard march."
"What ?nteres'- us." said a divi?
sional staff oflcer, "is not that they
' are Stock Exchange men, but are
! thev good soldiers ?"
Manv speak German as a result of
international finan?ai relations
"li would be odd," .?aid one. "if I
I should be ?hooting at Kauffman. who
is on the Beilin exchange We went to
school together in Germany "
Not all in the Stock Exchange Bat?
talion are affluent, but all were recruit?
ed from the Stock Exchange district.
Marching dust-laden along a mad in
France, clerk and broke ? are elbow to
elbow, ar.d the observer cannot tell one
trom the other.
There is another battalion composed
of artists, architects, musicians and
men of kindred callings. Many officers
nave been promoted from th?1 ranks in
the Artists Rules and the Stock Ex?
change Battalion. Then there are bat?
talions of miners, sportsmen, factory
mates and croups of friends who en?
listed in a body
"We regulars all knesv one another."
explained a veteran of Mons. "We
were a sort of i'amiiv. When an officer
?ras ?tilled, if he arare not an old pal, at.
least you kn?\v who he was. The name
on the casualty list of the new army
will be .strangers."
Boys of nineteen who began as sec?
ond lieutenants in the new army are
now first lieutenants Some captains
are scarcely of age. One officer meets
another who.n he left a majcr, and
finds him a brigadier general.
Be i? a lawyer, a plumber, a book?
keeper, a carpenter, a tailor or an engi?
neer th-i? i-i wanted, one is alway?.
forthcoming from the ranks of the new
army.
COURT OUSTS*WAR HORSES
Objection to .10.000 Steeds Houaed at
White Plains Tra.-k Ipheld.
Justice Tompkins at White Plains
yesterday forbade the national Fairanu
Exposition Association to use the Em?
pire racetrack to house war horses.
.lohn Rogan, representing the Empire
City Racing Association, alleged the
fair association had sheltered 30,00??
hot-,* there since March 15.
The fair people ?aid they had a fire
real lease en the ground. Litigation
il now pending to break this lease.
URGES TAX ON WHOLESALERS
J. J. (.reeves Think?? They Should Bear
Brunt of War Levy.
The burden of a war tax in this
countr?, should he on the wholesaler,
Joseph J. (.reeves, a member of the
executive board of the Internal Reve
nue Association. sai?l in addressing a
convention of that body in the Park
Avenue Hote', ve.-terdav.
Painel M. Donpgan, of New York
was chosen president of the associa?
tion; 1?. !.. Porter, of Richmond. Va..
vice-president, and J. William Sheffer,
i <-.f Baltimore, secretary. Next yoor*i
convention will b?' held in Richmoml,
Va.
ClNTlMltl - nathttti eut g.?! ti jinet 1370.
Ferty-fivi jteri af ctnitmnt imprtvemtnt.
Centemeri '
Gloves
Introducing
A New and Distinctive Style
To the woman who appreciates Originality,
Individuality, Good Taste ?
The ?4T7,fl7I H17DW Military
New r 1I_____i_L-/_l_i_lV Style
Made in the Following ?Materials
Kid. Tie newest Black ir.d White eiotis . . . 2.50
Soft Velvet Mocha . . Sind, Putty sad Covert ?had??. 2.?O
Washable Cap? ... Sand and Tan .hid?. 2.8 O
Silk. Black, W_U,S?nd and Gt?y. 1.80
.296 Fifth Ave. 3??
T" i E-ir ** ? I ____________^___________a____l____M