The sun. [volume], December 22, 1915, Page 6, Image 6

About The sun. [volume] (New York [N.Y.]) 1833-1916

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T
THE SUN, WEDNESDAY, DECEMBER 22, 1915.
WEIiNK.NIi.W. DBC'RM MKH 88, IMS
Stre1 fh- r nM m Nw Tors
Sffnf I I'laa, Mali '
aahaertullona hj Mall. fnatpaM.
BAlt.V, I'er Monltl.
1JAI1.Y eYr Veer
itl'NBAV, I'er Month
MUNIJAV K t'anadai, 1'ri Month..
H17NIIAT. Par ear
MAII.V ANI SI NUAV, Per Yeor
DAILY AND ft'VDA Y, Per Monro
to M
a no
M
lit
MM RTS.
D AilLT. Par Montll 1
ITONDAY, PT Month ... 5
DA! LT AND SUNDAY. Pet Month... I SB
EVBNINO BUM, Per Month t
EVBNlNtl 81'N, Per Ir M
BVRNINtl IVllI Poralsn i.Par Mo. I S3
All rhet ka. mnnav m-rtem. Ac . to be
made payable ' I'M'
ruKlahert dally, lnrlJln Monday, by tJia
Shin Prlntlne ana PubllAhlriB Aiaoclattoi a:
UO Naasau atraet, in the Bornufh of Man.
hatun. New York Preetilent and Treae
urar. Wtlllam C. Relek. ISO .Vaaiau atreet j
Vlea-PrssMant. Edward P Mitchell. ir.9
Nseaaai etreat. gMtiitj. C. E. Uixton. 110
Naaaau etreet
I.ontVm office, Effimhtm Houaa. 1 Arun
41 etraet. Mtrind
Parla office. Rue de la iIIo4lere. off
Boa rim Qua.tr 9eptcmbre
Waahlnvton offlce, H1lhe BulMtns
Brooklyn office. 1M UnMMM a? raat
' oar frinit vho favor u uilfi man
eonf am llltitt rallont fnr py'hllmtion trinn
ft Mart fitclrd ortirlfn rrtvrnrd thty mail
tn ell caeea ttvd tnmri for that purpopt.
Not to Bo Misunderstood at Berlin.
Nowhere else In the world, except
ing perhnps In the Tnlted States.
."ould there possibly be uttered by
Iitgb officer of n Government at war
it speech like that of David I.i.oyd
Sioboc In rarllnment, with Its re
frnln of "Always too late!" and Us
picture of past, present and i'uture
defeat through indifference at home
to the needs of preparation.
Such plain tnlk Is characteristic of
the British culture. It Is a sort of
negative hrtmulo the bravado of a
fixed purpose. It Is needed in Bag-
land to warn the civilian sluggard
that he must do his part, it is needed
to stir and sting him to cooperative
notion. Hut It ought not to be mis
Interpreted in Germany,
In the most pOMUMtatlC expressions
of LlOYD QboBGK or any other patriot
nnd prophet of woe there is not the
faintest sign of weakening In the na
tional resolution to see the thing
through nt nny cost of time or life or
treasure. Indeed. It Is likewise clinr
Brterlstic of the race thnt the blacker
the military situation may seem, and
ine gloomier ine utternnces or re
sponsible staiesinen or soldiers, the
further from the British heart is the
thought of quilting.
Nor la this the COtirHgl of the
forlorn hope. Whatever has happened
or may happen in the operations on ,
land, so long ns CJreat Britain's navy
maaters the --eiis sbe is invlte llile : a
fact equally well understood nt Lon
don and at Berlin,
Germany's Financial Condition.
As the European war Is not only a I
wnr of men with which lo recruit
wasting ormies. fun of material wltb I
which to repletiisli depleted aUDDllea
and even more n war of tflOUej with
which to finance the whole gigantic
egtravngance. anything which aheda
light on tlie financial position of the'
belligerents helps to determine the
posture of the conflict.
There nre special reasons why
every fact which tends to illuminate
ihefinuncial condition of Qerman) at
tracts special attention. The great
mystery of the wnr Is Germany's ceo-;
nomlc condition. The Central Tow
ers srin hold very clearl) the military
udvanriige on bind. Inn while the ex-'
pens ae calculating the resources of (
the Teutonic allies in terms of armies
and territory occupied the reel battle I
of the wnr Is being fotlghl hy forces
which operate Inexorably, although
not ao much In tlie open.
It Is material nnd money, the muni
tions of war and tlie commodities hy
which the non-conibntnnt population
Is supported, but nltove all money,
which has most to he reckoned with
in the prosecution of the BtfUgglO,
The side to xvhleh the balance of nd
vantage Inclines In these respects,
particularly in reaped to money, bus
most in its favor hi the continuation
of the war. Thnt Germany In thla
relation stands ns well ns ii does in
nil the relations of mllltor) nrganlita
tion Is more than doubtful.
Taking monetary resources for car
rying on the ii i- to moan nil the
apparatus of finance which can be de
vised to mobilize accumulated and
productive xxonlth there have been
few economists of, any description
who have been able to nualy.e satis
'actorliy the relative strength of the
belligerents In order to yield uiide
bstuhle conclusions. Nevertheless the
known or ascertainable facts luive
nil conduced to the view thai the
Quadruple Entente waa financially
stronger than the Teutonic alliance.
The difficulty has been in eatahltshtng
a basis of comparison, for German
war finance lm been conducted be
hind veils of obscurity,
Great Britain and her nines have
maintained contact and dealings xvith
the world outside the area of xxnr.
information about their tffalra hus
been more readily available. The
state of their domestic markets has
been regularly reported and Ihe ordi
nary measures of International trade
and foreign exchange have furnished
n pretty reliable gauge of their eco
nomic position,
How different it haa been with Oer-
many every trained observer known
who hit" tried to follow the Involved
processes by xvhleh the Qerman Im
perial Government has raised a dluv
structure nf pyramided credit or who
has sotiiiht to calculate the conse
nuances without regard for the oniciai
explanations ,,f German finance, nntn
My the explanation! offered by the
financial Se,ieiBi, Ubiikkkkh,
wlrtfli rat ram no "in bui-dy fJnlgMd ient ' 'iB"ifVfion r paid more
rw lli' nun fori Of the limfmiii pMpI. I tfMn the murk of rnte. ami In nof a
It ImvIiim I" look more iintl more, fow IfMUHIMg the WOHM Involve hc-
bowerer, thotigh EHftnany tad tool lnjmict,
meter n stage ii rnittomlr lmpolP-1 Tmi st-v rentiers will arttawpKl
MM Which n 1'iiti lnK liiwiliintnr.v 1 1 of owntii'iiKlng the retention of In
lOBfOMlUMI Mint nil win not fDtOf I COMJOMlll Of dfOOM In Hip StulP
Morl n well with Teutonic rlraocol oniriuy ; our position with wanni w
it hiui i--n iqinaeiueil i ml thai then bai been set forth raffldcntli
military alttuitloti Ml uhhh n world often, Hut the MUM COOaldtfRtlOM
umpire night, In n moPJilc KliWplOl, Ohlch nrcuo IfllMl I ho nlirupt Alt'
HlaWHrd ii MCltlnn lo ih Vnirnl I'ow-
H : , ...
ci e-roiii more iiiho tinsnt hj iruui llio pniilK' soi'VK'P nppl.v Willi Hi
rnpldly gTOWlng flMRflal WfthDOM. I moM If not quilr oqunl fon-o to vln
Thn la h new nntp In IIih nd-1 knit disturlmnco In tho pnyioll. The
drosw hih Dr, Hn,rmtCH la Riak-1 naBIOOr of job taltfon, except under
lug to pxpound the new war badgOC
nnd Invoke support for the proenimmp
of war expendlturp. In the Inst few
months rumors of the skysernplnc
cost of living in tierniiinv hnve lndt-one
etttd that commodities were eipreae-1
Ing a mounting premium on gold, de-j
spite edicts proscribing the quotation I
of German paper credits at any !
discount from gold. In the same way !
the foreign exchanges hnve been tell
ing of the debasement and debility of
Germany's monetnry system.
We hnve seen here In the lasi few
weeks alone the discount on the Her
man mark curried from fifteen to al
moat twenty per cent. The discount
has been still larger In Holland, with
which (lermany maintains closer busi
ness relations than with any other
country. At the same time the prin
cipal exchanges of the Allies have
shown. In the firmer recovery of some
stability for sterling and frnncs. a
strengthening derived from nn In
creasingly effective mobilization of
British and French wealth. And now
comes Dr. IIei.ftf.bich talking to the
German people through the Reichstag
MDout taxes wnicn are going to ne
colossal !
As late as last August Dr. Ht.i v
jk.kii h whs discussing war HnenCO in
the language of tin avoidance of tax
ation. There was a hint that some
heavier burden of UtXatlOD must be
ex)ected. but he was still able to con
jure up a vision of enormous Indemni
ties to bo pnld by (iermanx's enemies
ka ii Hin ..II
noo uuiu uv wanenauw 1
tlie nnanclal MCnnCM or UM tierman j
issiple during the uar. The Wholt
(lernian scheme of war finance was
founded on discounted liidemnities.
To-duy Dr. Hki.kh.ru ii alitldes to In
demOlties. although nobody outside of
(iermany can see any prospect that
,ei.n Dd vttnn ., pvef nnv
It
i tka .. ... ,oL ,. In. I
' -
volvtng the exaction of money in any
form from their present foe. Hut
i he references to Indemnity which the,
German F.ae.l Secretary makes ns J
vet are oniv luciueniiil. i lie cuanve
whlrn )s ,.omK nVer Ccrmnny Is nil
umtnetl up in his efforts to prepare I
I the Kaiser's subjects for the taxation
m l.i. h (lint- mil-it fki1ni-t ) 1 1 1 n i'i t i ' T 1 1
I Probably when the time arrives to
i lake up the budget lifter the one now
I limine ennaldarallnn all talk of In-1
demuitloa will have ended ami aome j
progress will have been made In nn- j
awering the question which Qerman I
socialists swni to la- blDtlng Bl us in
Qerman) is going
whether or
bankrupt,
not
Preeonventlon Eirltements: Is the
olonel Holding Oul Ills I up?
There was something doing at I Hut
Gary dinner. There wan nothing do
ing ai linn Gary dinner. Anything
to bent Wii.son 1
It was a private affair. It was a
session of the most sly goda deliberat
ing public nUiiii's. ii was pleasure,
li was business. The Intimaclee of
the prandial bogrd Hl6 not to be lie-
trayod by the Olympians, however
thfly may be profaned b) the curiosity
of the vulgar mob. A gentleman from
Jersey who is said to have been a
prime mover In the WoodfOVtafJ Gu-
beriialorlal candidacy in I'.UO mur
murs "I'll never do ii again. I'll never!
do It again." Polite equivalent for:
Anything, now. to beat Wilson'.'
The Republican "magnatea" wanted
the Colonel's advice tor the party.
They did no) wgni advice, they know
ixxhat the parly is going to do, and
i they wanted to locate the Colonel,
I He. of course. i a candidate of nil
parties, mid of none. Anything to
lieal w ii son :
I The Colonel xx ill come buck, sns
BoOAH. The Colonel Is for HcnliKs.
1 says Senator Nonius. The Progres
sives mux haxe to draft him, de
clare Pkrxinh, The Moose, reports
: Washington, would he Jusi n well
ph ased if t lut i Gary dinner liiul been
iincolouelled. At any rule, he ha
them all nervous and guessing, and
thai la ihe core of strategic an. Mc
Aiksi gels Wall Street on the phone.
Ti'Minv makes anxious Inquiries,
Anything lo save Wiion?
evlslng Salaries Downward.
After the disastrous experience of
the Mltehel administration resulting
from the BtandardlOgtlon of salaries.
it is not to be expected thai the state
xvill Undertake the same task in the
same way. The Hoard of (jailmate
voted to make reductions and in
creases Immediately applicable, The
beneflclarlea of 'is act showed no
gratitude! those who suffered and all
their friends united In denunciation
oi the board, nnd voted unanimously
against Ihe fusion nominees for Al
dermen, it is too nunh to nsk the
Suite economists la repeal this ex
periment, even though they hud only
ti political excuae for avoiding It,
As a matter of fact there nre excel'
lout arguments In favor of bringing
the reductions itiio effect gradually.
permitting the present Job holders to
serve their time at their present rates
of compensation, and employing their
successors on the rev I set I schedule.
In many cases hardship will be
worked by decreasing salaries of com
peieut clerks who niuy through mvl
inNsiil of inrw nuniliorN of wiiiiIoyws
....... ... .
tIM most iiruont cirrumslnnoes, should
lie lessened by allowing places to re
main tinlllled. nnd the dismissal of
MtlafKCtory workers not needed In
department should be avoided by
aboorhlog them into others, in the
same way it will frequently he found
judicious to let a salary Judged to he
too high for the work performed stay
untouched until Its recipient wlth-
draws from his job rather than dis
rupt bureaus and divisions by arbi
trary reductions.
If we were asked how the too gen
erous pny would be Justified, we
should reply thnt it might be profit
ably set down to cover education by
experience, bur we do not believe
such n question will be framed. The
number of excessive salaries running
into large sums is small : the more
numerous revisions downward are
bound to be in the lower grades of
employees, and the State can afford to
be good tempered with the present
incumbents, whose tenure will not br
long and whose liberal emoluments.
lire directly assignable lo the Suite's
wu.y n tno piis,
Mr. Ford's First Duty.
The aloofness and serenity of Mr.
HlA IT Foan While his guew on the
Ark of Fence almost came to blows
bring to mind those lines b) another
gentle dreamer :
" 'Tls pleaeunl. through Ulfl li.pholos
Of retrea'.
qy, ,,wp at uoi, ., r;d-
st-c the et'.r
Of tlie arertt Babal and no) feel the
crowd '
Bui Mr. Fonn cannot avoid his duty
n host and crusader, especially since
a shipmate compares him With I.in-
coin i row oiu .mif.i. i no gisnt i
charterer must reconcile and recon-1
, - . . .. ... . I
Struct 111' must gel nis ow n liovs aim 1
,. . . f.. , I
sdrla out of the trenches b) Chrlat-
Was UM colonels the reverends, the
suffragettes and the paclflet
who
h-VO been bandying epithet., glaring
,,..,;.. ii,.,i evnlor.-rt f.e-
threats that sound more like tin
ate tnan tno guaeo aaionn. sir,
rOBO Mioiiui get ilii ine novice ni
the fair Portia of his crew: "If we
are going to mediate Europe's trou-
blea we must tirsi learn lo mediate
among OUreelvea." Words worth
their weight in BOPpbiree! Shall Mr. I
loan's "life work lie Irretrievably
wrecked" 7 as Colonel McCLfaa aakedl
u"h n sob in his voice
We don'l know what was the first
I cause of chaos on board, it may have
, been the attempt to Impose curfew
umiii i he company, or the movement
by Pastor Akko, w ho slugs "My Coun
try, "l is of Thee" so feelingly for nn
Engllsbmuo, lo begin the day with
prayer, a suggestion thai Mr. e'oao
banished with an expletive nnd Ihe
question, "Is this a camp meeting?"
The Hex. ,1 rvhi n LtoYP Joxr.s nuM
i... i,.,, i... . ....
paper men were "the snakes in mil
Hden." Their only offence s.H'tns t,,
have been that they had li sens,. ,,r
humor. Besides. It was n reflection
upon Colonel McCi i re, who is n news
paper man first and a paclflsl after
ward. But hist ! There's n rumor
that the Colonel has recanted, He I
quoted ns saving xvlth a rising in.
flection :
"When T wen! on hoard the Oscar II.
f was a pacifist T am nxw converted
to militarism. To raise the greatest
possible army, one would need only to
march this bunch of pacifists through
the country."
There bore a Ley to the tirsi
great cause The nueltlsts nbonril lha
Ark. lis they could noi gel iixvny from
one another, on one another's
nerves, li xns iM,i tllfierence itboul
the President's message thai divided
the ship nihilist herself, oul antipnth)
generated b) contaci between nelf.
conscious idealists contending for ihe
j ,),,,-, p iM. limelight
Sud indeed s the siL'lit of dissen
sion among these crusaders, flowers
of the dock, tirsi pickings of human
It)', who Bulled away from Rand)
Hook full Of the milk of human kind
ness, mid blithe in the noble purpose
to slop tlie war upon their arrival
in Kurope. Tdeii V enn. Christ lunla's
leadlug impel', says Mint Mr ,'nap "is
not of thi1- earth."
There Is good sense, and
manl) ring, in this sentence in
ele in the Harvard HluMtratcd :
oughly prepared, we believe we
a tine
in arti-
"Thor
can ef-
rectively say we ire oo proud to lis'ht,
on ihe other hand, we xxlll llht. not
to be slaughtered, if fighting la thrust
upon us" Congratulations for the ut
terance of this loyal and logical SSn
t)ment Will noi be Ihe less hearty be
cause it forma lha conclusion ,,f an
article contributed, In spokesmanehlp
for the majority of Harvard's woman
Btudenta, by "Radcllffs 'IT"
"Auio i uns wild in Broadway," sya
a headline. Well, xxlix- not? K,er.x
thlng else runs wild on Uioudway,
The Christmas tree u cki (lall
Park, now receiving its final touches
at the hands of the trimmers is s;p
lller, hs: luxuriantly branched, than
we are used, or like, it, see in tn,,
municipal decoration. Whether i is
i.tst year's tree, resuscitated from
storage and lopped to disguise ravages
of the gnawing tooth of time, ur
new one bought with economy In view.
It has not the exuberant fulness that
belongs to the holiday season. Hut
thp night Is kindlier than the day, and
when the festooned bulbs rerelve the
lllumlnant current It will no doubt
Irradiate the open spaces with proper
Yuletlde glory.
The llitgue Is paved
ten:lone.
rlth Root! In-
As a protest against war. Turkish
women "rent their garments and pa
raded the streets almost In a state of
nudity." It never before occurred to
us, hut that may account for various
startling sights In the streets of New
York.
Genera; Villa's compliments to Gen
era! French, with the remark that
war is hell.
There will he much speculation
about the new mission of silent Colonel
HOOM to Kurope. Perhaps he Is being
sent over nn a reconnaissance, since
Mr. Wilson has but lately said that
he would let no opportunity pass to
use his good offices to promote the
cause of peace.
It can be asserted wlthoir fOBf of
contradiction that Chicago is golnR to
make some history early In June.
Christmas three days off- and the
Red Hall Is up' Outdoor skating com
pares with the giddy grind on a roofed
rink pretty mveh ns nny other "real
thing'' doe with a miserable counter
feit Smull boys up to the age of i
sixty, and theit sisters who du mil
I know w hat years are. will be happv.
This town Iihk everything good In the
world.
It s too bad that a dinner in New
York should cast a shadow on a hon
eymoon In Hot Sptlngs.
The retirement of fJeneml Rvaaxr
from Command of the Russian armies
on the northern front will be regarded
In some quartets as for the good of
the service, but the fortunes of Russia
steaddy mended after General Ri'Sskt.
the hero of the first tlahcian cam
PHign, look command. It is probably
true that his health has suffered in
the furious fighting on the northern
fpont, as he Is no longer in the prime
of his vigor.
The moot interee;init city
World ,ti this moment la Salon. v
the
The Federal district court of Okla
homa Is struggling With an Interest
ing question : Whoowns Turkey Island
ing question : w no owns runcey isiana
lo the Arkansas Rlvsr. a muddy tract, tjom ime no bearing on my argu
most of the time tvirtl v submerged ? It.. . - i .. .,i ,u- b.i-i.v.
. --
was no I ui suuic.eni liiiiiorLaiice iu
, on thg aovwmBtBt map.; nobody
IO i
aould have It for a gift, the Indians
a red for it only becauaa :i furnished
SJ2ZJ.
neath It were found pools of Oil worth
millions of dollars. It is the richest
hunk of mud In the world. This is not
the atte to despise even the meanest
of t hlngs
Lei American
can tolly what di
land.
pn i fists consnb r
lay bus cost Ku-
Iv.nn Pgrga Of Serbia, old. infirm and
fleeing before invaders and seeking
in asylum In Italy. Is one nf the inl
I thetic figures of the war. He managed
to please bis people principally by
ts'inn merely a royal personage and
never mixing in their politics. II. s
daughter, a good, sensible girl, whose
ndvh e he often sought married and
wem lo Ruaala: hia oldest son, in
whom ha centre,! his hopes, was com
pelled to leave Serbia, and t he old man
afterward led a lonesome Ufa a' Ihe
royal palace in the shadow of the crime
that made him King. Even should
Borbia aurvtvo as a kingdom II is
' scarcely likely that he w ill return as
its King: he w.ll be more willing than
ever to turn the honor over tn
ANoaa, hia second son.
AiJtx -
it
ner
hold how great a din a
make! h i
d:n-
The Hri lsh official announcemenl
that the casualties In the reembarka
tion at Buvla Hay were only three
wounded, together with Mr. Asovith's
a "a u ranee In the House of Commons
thnt there was no truth In the Berlin
Story Of a great drive by '.he Turks
compelling the British t take to their
ships, seems to put the wireless bulle
tin industry on the defensive But
perhaps the highly colored tale of the
battle and thr rout was put oul for
home consumption,
No nt
if Vu.t.A la bad now -
Mill lli'.
Never Kurglve
Whisker?
Him for Ilia
To nir kUuTOB or Tits gl ir- Ii I
snUghtSaiinl lo read hi Tar gVS 'hi mtn Q
ma "tiobater jr,-ry u RedOeld'a Plas."
Hy all odd i lei as aava mil nursery, and,
as M RadOeld I- 'tie t.lsgeet let.sler ex,--1
heard ef I ertitlrt siiRgesi -hat he ha i
unanimous) elaeiatl lesbstsr Maalaiiis ofl
'.in- Orsst sud Olorlous Order nf tabstars
H tilSOOtS.
n o, 1'oss December 1
Prosed In, .inipallliUH .
Tlie tudge -HOW. tnv Bond WCMUSS, don t
you think i' i" passible for you to llxe wuli
your knsbaadf
Tha Woman r ouglxl fn know h-ao,
your lloin.r - pardon, PvS Seen llvtflg Willi
Mm for the last las y-urn and It hasn I
bssn psasibls,
A HelStSr f act of Modern War.
Tu tits RMTOB or Tas BBS Sir. There
i- ime family la Desmans thit has tn.
lost a meinlier through the ur The heu l
of thai funn y la the Kaiser.
r. ton Itnfiai
Nw fOBgi Ilrceinl-er '.1
l olatlera eratis Men.
Thty'r uioiiis men in garage ! th rhoa-
-,i..i- everx day,
Kor human llfe'a the clieaprje. thing upon
thin bloody earth.
Hi, l IhSrS'l -ad. it-its In lite Tenderloin
, sets s very i1" ii stt
Al Ihsy fill-per ta ttcli t.iher wltai
I ibatat - really won h,
Be Mrih
Though in!i msy ki i ar-h tth
rate's on .i jump.
And 'ii kt-eps i 1 1 1ni-ranif n ,
matter hai ,io.
Hi. i out' htut ars very hsav) an,t gt:
an awlul baaia
When n hjvp m p,v r fortUBS for a
lobetei ,'rtl f,.r tan.
I I -o t ll 11 ,1 Kill I lRI
Sink and "link
about 'iip vaHed prebteai
SSUl Bf man
a minion men srltl iladli
on Diis bliak.
Hie il Itilmler n pri
li it li in a can.
i,t in.iktt us '
fral thr
Him wa
Jot,,
EUROPE'S GOLD CHANGES.
Mr. Foisted Answers a I'rltlr of His
Money Mohllliatlon Figures.
To tub EniTon or Thb 8cn Sir:
Without desiring to enter insin a per
haps fruitless controversy, I ask the
courtesy of your space to reply to
some criticisms of Mr. R. J, oiier
fohren in Thb Hcn of December IS.
referring to my letter to ynu. published
December 1&, relative to the gold and
currency status of the Kuropean
belligerents.
To enlighten Mr. ' iberfohren It may
lie stated that thp figures I presented
were derived, for the more recent
dates, from Associated l'ress and simi
lar cables of the official statements
made public weekly by the Kuropean
Government hanks. In the case of the
Rank of England 1 was compelled to
resort to the latest available issues of
the Lindon NtnliAt anil BOOOOOtlef
received here by mall, which carry the
returns of the Issue department of the
bank, which are not cabled to the
American press and of the existence of
which your correspondent writes as
If he were ignorant.
Your correspondent, by a few strokes
of the pen, cancels $!3s,7!li,000 of gold
held in the vaults of the Rank 0 ? Kng
land to the credit of the currency note
redemption account as part security
i the rest being In Government securi
ties and Government credits at t lie
bank) for the 4Sl,441,t?t ItriDsh
Treasury currency notes outstanding
on December S. This sum of gold is
not, as your correspondent asserts.
Included In the tSS4(IT2,M1 gold held
In the issue department of the Hank
Of Kngland against the volume, of utit-
standing hank
note aocounl
notea, The currency
separate and distinct
fiom both t ie issue and banking de
pertinente. Mr, Oberfohreo simply ex-
poOOa h.s Ignoronoe when he attempts
to create the contrary Impression.
My criiic. when ho says that the
Hank of England Include in Its state
ment of cash "coin and bullion, thus
InOludlni sometimes large um.s of sil
ver money the intrinsic value nf which
is mtlch less than the face YeJllOi"
again is gulliv of either ignorance or
mlerapraeentation In tha bank's
bonking department statement of
November 2. the date used by
myself in my recent letter, there is
an entry of l(ii,sil7 in "gold and sll
cer." There is no other silver entry at
any time !n the statement Of No
vember 14 covering the isjtie depart
ment the entry is of t52Jt4,tlO "gold
coin and bullion." which by no dis
toltlon Of the King's Bnflith can be
held to imply 'gold and silver coin and
bullion."
Your correspondent writes n: length
of the banking exhibits of the Kngllsh
and German central banks. As I did
not discuss the barking assets and
liabilities his assertions nnd dedu
isrsia, ill ciianpiw wn oiiuiii ii.ii-
ury currency notes nirninst the Rank
r England i aimed to show tha full
amount of paper issues In Kng. and in
connection tetth the nank tout gold
cover. BlmihtrlV 1 charged the Ger
man war loan notes against the
RelChabank to show the full amount of : ntes of Its board of governors, I there
ermany's paper currency In oonnec- I fore g:ve you the tacts nnd ask you to
tion With tlie gold hold against It.
Roth classes of ,mergen, v notes m'ist
he redeemed oil, mutely in gold ,f the
gold atandatd Ii to bo maintained.
This leads me to remark that tnv
critic may not be aware thnt to-day that It would be preetloally Impoaalble
Germany has suspended gold pay-1 for him to avail hi mas If of me com
ments, winie' tile Bank of England I tesy or tha club because of the absolute
notes are st. 11 redeemable in gold, and engrossment of public duties,
that London i. still an open market Immediately after his Inauguration,
in which gold may bo bought
ir
so'd
all ec, pt i nem countries
And
hardly a week pgsa
,.it that the
Hani,
f Engbtnd statemeni
cords
sales of gold o Spain. Holland and
other pans ,,f the Continent. Egypt,
the I'nited Stales. &c Also, no ques
tion waa involved in nt) recent com
munication as to the war loan notes
he!,! in the portfolio of ihe Ftelchsbank.
The figures used were
the Overseas News Ageil
en oul by
. a German
njoutltplece, and there is n ason to
I suppose, unlcaa the agency's statement
was clumsily or mislead Ingl) made up,
that the amount it gave was noi notes
1 outstanding.
If
ur correspondent wants to c-
i note the war loan notes in oonsldor
. Ing gold and pap, r money oompara-
i live relations, he must eachide the
British Treasury current y notes also
.This Would leave the Bank Of Kne'.and
issue department holding "Z ,93 pel
cent, of gold against Its total bank
note .ss.ie and the Itclchslwnk ho'itl
,HK 40. ,V.i per cent. ,,f gold annuls! its
0Wn note circulation. Mr. tiber
fohren reaches his 32 1 per cent, as
j the gold cover of the Hank of England
by kindly abolishing nearly 13ft miii
. t.ns of dollars of gold in lis vaults ami
charging against tha hank the
i dti null. otis of Government currency
j noies. which are not obltgationa of the
I ba nk '
I Mi. aierfohien alrny dismisses the
I British Chancellor of the Ehtohoquer's
statement aa to tha amount ,f gold
j in circulation In CI real riritain, it hap
pens, however, that Mr. atcKenno's
figures closely approximate the eeti-
'males of the l'liitcl States Mint uir
I correspondent says thai he hag no ti-
j tires later than 1906, The annual re
port of the Director of tlie I'nited
! suites m.ui r u 1915 Is Just published,
m page s.i is given a table of the
"approximate stork of money In the
aggregate and per capita of me prin
cipal couiiu .es of the world on Decem
ber It, 1911," ixiiich is seven years
! later tnan the statistics your corre
, spun, lent OOUfOOBea he I- ualng. These
oomparlaons from the mint table are.
I Incidentally, Of considerable interest.
figures being given In thousands!
KTOCK op r.oi.D
In bankfl
k puHtle in cireu per
IrtaauHai hit. on Tom: capita
t ii led
Kl!a"l
prgnea
Rum a
gtat IOD MOX 101 1 1 .'.s
6IT,jni t.;"i. jg.cg
nt,ieo i.qu.oio i ii
SIX V"ll
Tot But ante. It mo. ua ii.iti.ion it m Oai ....
Qerntany , tsat,709 Ittsi.om kuctoo $14.01
Than oro may con elder Kngland'i
colonial i
AuetreUa UM.liaJ v.. a .n$4. :
aii'.'I.i 24t.DD ! . 14f,C00 1,H
India. U4,0M sSg.OD T4,0M 1.61
south Africa to.oio ift.ono o.et
Strait lett lament 1 : j i.joi u.e
Tut I
141
tit t, I-, .',
Hence, ihe three Kntente Powers,
including th, Urttlsh coloniee, hold u
I total stock of gold uf IB, 790,800,000,
.lRitin"! iBiojoo.ooo held bj Uermany,
or Including Vustrla-Hungary's total
gold stock os KiM'ii by tna i'nited
StuteM Mint. 1 1, SI 3,000,000 by the Cen
tral PowerBi
ah nf the tnint Hgurei are nui ntn
olally brought down in the actual
date December m, 1018, bui In every
case the) nre later than ihe IS06 sta
tlatlcs your oorreapondeut piswesses,
Mr Uberfuhren naively suys; "The
Dowei' of central banks in Inoreaae
their gold holdings is IllUitad by ll e
amtiiiiit of polo Circulating la the dif-
ferent countries, most of the neutrals
having forbidden the exportation of
gold." Thin is true of Germany and
Austria. Rut what about the annual
gold production of Russia, amounting
to $28,f87,000 in 1914. according to the
t'nlted States Mint, the $2,000,000 an
nual gold production of Krance against
only tl3f,00 for Germany, and the
$2X0.000.000 gold annually produced by
the Hritish posse.ssions?
I have no objection to any one de
fending Germany's economic position if
ho elects to assume the task. But I
protest against a misrepresentation of
my statements or any Implication of
bad faith against the statistics that I
compile from authoritative sources.
Jambs 8. H. Tmstbo.
.Vew York, December 20.
The Economic Value of Mar Exports.
To Titr Kiiitor of Tlitc BUN Sir ! We
are on the edge of a "boom," a boom
so far us demand goes. Hut business
cannot lie called satisfactory unless
there be a fairly adequate supply to
meet the demand The world Is facing
a famine. This country will probably
eex-aipe hunger, but we shall share a
merchandise famine the like of which
no man has seen. The cost of this
wnr. according to Dr. Helfferrtch, hs
reached 180,000.000 a day. That means
that the wealth of the world Is im
paired by a large part of that amount
each day. Add to this the property
destroyed by fire and shell, the towns
laid low, the bridges and railroads
and shipping and crops destroyed.
And this is not counting the oconomlo
value of human life. You cannot de
atroy the wealth of half the world
without leaking the other half share
in part that impoverishment.
Much of our productive energy haa
been diverted from the task of pro
ducing wealth in the shape of textiles,
food, machinery, new buildings, new
railroads. Arc . to the production of
something which nut only is no wealth
but Is destructive of wealth aWeady
created. It is true that we are being
paid for producing this destroyer of
Ufa and property, and many no doubt
think that this means added wealth
to us as a net result. Hut the money
we get for this result of our produc
tive energy trill only add to our na-
t.onal wealth ,f we can exchange It for
the result of other people's produc
tive energv
Else it leads only to Inflation, false
values. InorOOOOd cost of llv'ng, with
the few Its beneficiaries Whether an
exhausted Europe will have a surplus
of her energy to exchange for this
'money remains to be seen.
Charles Vezin. Sr.
Nt w Vf.n.K. December 21.
THE PRESIDENT'S GOLF CLUB.
Authoritative Statement of Ur. Wil
son's Status at Chevy Chase.
To the BOITOB ok The Si k fir: In agree with him. while his true task
1 THB Si n of yesterday It was stated that I might lie the thinking out of some maa
P resident Wilson declined an honorary tarty scheme for solidifying the ground
membership In tha Chevy ciiase Club. I under Yuan'a feet and bringing light to
As similar statement have been made j ,jie ,nr( spots In China's future. How
in many newspaperi it Is desirable that ' can China become what the I'nited Slates
all the facts regarding that matter I Rnd all the trading 1'owers desire If
should be made known As a member physical oi.trol of the market we aie
f t)lH ,.lu, an1 ,.,. from the mln
I puouin mam
I
in Cehruary in. '!M5. the board ten
dered honorary membership in the club
to Mr Wilson on Frbruarv U. 1 1 U.
Mr. Wilson declined to accept the mem
he: shin tendere,!. giving as a reason
wrougn tisnry 1 lay newun mi nn.
wno was tneii prvainvip ui imp locai
association of Prlncatoa slumnti Prsnt-
dent Wilson informed the hoard of gov
arnnra of lha club that he wished to re
I consider hia declination of member
I sli p li the club, This intimation was
submitted to ihe board at a regular
meeting held on March 10, inn. There
upon a resolution was adopted by the
board authorising the president of the
elUb, Mr. Thomas i ixd. "to see Preei
. den; Wilson and confer upon him hon
i orary membership if he desj.es to ar
I cept ki and lo tender to him active
I memberahip if preferred,"
Ai tin- next meeting of the board,
I Which xx t- held on March 14, 11M3. Mr.
Hyde reported to tlie board "that Mr.
Wtlkins la member ur the Isiaidl and
himself i ailed on President Wilson at
orary membership In the club, whic
lv La
accepted.
The membership which the President so
accepted he still retains. The members
of his family, who are prlxlles;ed pues-ts
by Virtue of his membership, have been
frequent visitors at the olub
A. S Worth l noton .
Washington, o. d December 10,
MAIL REFUSED BY ENGLAND.
I an It He Thai a Mlamp I sngnaae
I scd bj Hostlles Is Suspected'.'
To Tlie KiOTOS tie TlIF St'S at'v:
lei er which l mailed December I to u
f : lend In leondon, 'ias been returned to
ne xx-th this stamp oil the envelope:
m . 1 1 Hru to skm'Hr ArtloUi
bawrfng on the ftc Phrlatinai ot-
htteTlt n.'.i.;.- : gxbli " r pro-
h1altsl i' count! ) of J:lnat lrn
1 Poralan H.ti-a. i
' THg S v or Its reader! generally
an not only raMon uut the reaaonabUi
bui can even unecrew the Inacrutabti
at timet, n ill ou klndl) tell nie why
the poatai nuthorttlea here are com-l
pelted b gmviand to turn hack til mall
for that country which boarg g -,h:it-j
ma or nharlty stamp' ' Kngland gen-
erally haa g pood (or bad) raaaon for
her public ragutatloni Why does ahtl
dlaapprove of the charity stamp"
hKTo.
S'orth Coung K)Ki Conn., Dacambei -".
RACIAL COMPOUNDS
hen the IHrnU I ( Umplete
jmbolle Hsphea WW Oo,
i, thi Boivaa r,i Tui Hi n - Sir.
Tin Si s- if Tic , irrbsr Hi II .-' I-
the
In
oley
criticises President Wilson for the use
.,f the iiMiiit-Ti in ih ,'!u'ii phrase
wi.'ch designates hl racial orleln
If President Wilson stated, . : -
leaed, in his Columbus addrsas that he
was o "Hooteh-lrish" descent may l
Inquire iow lif espi pst-,i the hyphen
in hia speech?
. Mr. Foley say, ths President ,ioe
seem to have -i great aversion to the
tivuhen. Oul where la lha e'l-ldsnca that
1 lie lintv uses it 1
As an America;, ctllten of Scottish
j blood I think the hyphen nnalit wall he
i dlapeused with between the worda
1 'Scot ii " ami "irn,ii" in designating
' t'nie, who have contributed so very
great)) to fn- upbuilding of the Amerl
! cull republic ,1. W JOHKSTON,
rtot'iiKsTaSi December it
I alllns Ilia K..II of iioiea,
1 1 Km i 'Ot ni Tgl Sin i,
ii d.i Ohio Usaker of t
1 i-it
i uif
that ,i .
on I line . on. i ilniHii
awn
Sn
hrk, pai
iiin-r
In IMS
lll lit, Hull i
' 'i 'ila(-kuiii n i
. air."
ai aad i slanted
k
'Not
In -i
ppllll
n, Na lork to .in
PRO-
Mr. Joseph I, f. Clarke on Yuan aaa
oo Japan's Attltade.
To th Editor of Tun 8cN-.Hr:
Stirelv that nrlnt e of suave advocates of
China Professor Jenks Is losing his fine
bn lance as a debater when his recent
strictures on Mr. CunllrTe-Owen's article
partake of a recklessness of Invective
and looseness of statement that he would
be the first to reprehend la others.
Where. Indeed, oould he have found in
the Japanese press such a motif as that
which he puts In quotation marks:
"Yuan Is Japan's enemy : he must be got
rid of at all costs"? No such tbing
Believe me. If Yuan Is to be despatched
"at nil costs" It will tie at tha hands
of the Chinese themselves. In Japan
when I was there I found Yuan In blgh
regard. He was looked on ns the shrewd
embodiment of China's official class and
no one talked of getting rid of him. The
true burden of the Japanese press, as
addressed to China. Is "Trade, brothers,
trade, and keep the peace In China while
Europe li at war."
Hlnc my visit no Chinaman has
shnwn at the front who could take
Yuan'n place, although his attitude on
Chlno-Japaneee questions has left much
to be desired from the standpoint of
Japan. What I found In China was a
shrewd dictator with official China In the
hollow of his hand, busy reorganising Hie
public aerrtce, strangling the young re
public and summarily disposing of Chi
nese who disagreed with him. Tear
of assassination kept him dose within
hli palace in the Forbidden City. 1 gave
It as my opinion that he even then
nursing the project of becoming Em
peror from many unmistakable signs as
they appeared to me, and the access of
vaaKjr in the old mar. which would add
a peacock feather to his many decora
tions has since, as we all know, ripened
Into realisation or near realization.
As Americans may look at this, It Is
lamentable for Its lost opportunity of
building up a republic In the Far East,
but 1f the Chinese republicans of San
Erajielaco happen to be taking measures
with the view of overthrowing Yuan, or
revolutionists at Shanghai are firing
bombs before a monarchical newspaper
office, why Insist that Japtn Is back of
such pitiful protest?
Tlie recent execution of Nan Yun, Who
wj said to advocate a restoration of
ex-Emperor Hsuan Ting. Is proof that
Yuan will not allow anything Chinese
to stand In bis way that death can he
a-sked to remove. Chinese revolutionists
therefore know the penalty If they fall,
once started ; but they are fatalistic
race, and the prospect of the block or a
bullet will scarcely intimidate them.
With manifold symptoms of unrest at
home. Is it not weak of Professor Jenks
to ra.l at all the Allies England
: France. Italv. Russia, with Japan and
even at Germany !n his explanation or
he difficulties in China's path, and with
Yuan even now trving on Imperial robes
! of bU own ordering? Purely it helps
little to characterixe the amiable efforts
I of Mr. Cunllffe-Owen and others to
j clarify the situation as "concoctions
manufactured out of whole cloth by von
i fessedlv prejudiced writers."
Tim professor surely takes a lower
I level in thus nssnlllncr thnne who die-
seeking I? lo be divided between unit s
actlva rsflice and a seditious mot.
Joseph I C. Ci.sRgs.
Nsw York. December 21.
BULGARIANS IN AMERICA.
They Deny Any Interest In the Pro
i.ermsn Propaganda.
To Ttia Boreoa or Tua Bun Bit': in
Tin: BON of December It, under the
heading of 'Jlerman spy staff In CnJttA
tates Is Shitted, you claim lo nave
discovered the pro-Teutonic propaganda
In this country Is to be banded over
I to successors, "comprising- chiefly Hul
I gartanSi Albanians anil Turks. ' and that
(ns transier S HS to mciuoa every
tr h ii" u oi in. ivy in w ii n 1 1 'I'm tilling
j h tii AtMtiiftM h&vc bitn r . k k- i with
h tlnewf of war to the when.
Wc do not know to what BOUrCM you
hap had ACCOM tn the. mak'iiK of your
dtoeovory, but w have, no Stoslutton In
up ihi 'UK litlM lit imp n ran mi oi nui
fftrtatUi 111 UM matter unJttttlflOdi Tno
HulKArinn iiunngratioii in tli'.H count ry
tH coinpOMd almost e lusively of pool
working val, WbO neither by temffra
mem nur by mental calibre are fit for
participation in on t iraoie or cunning
propaganda. Vcrv few of them, if any.
are employed hi anv fmtory for the
I gee '
f "sine-ws of war." The
. ; fa i i i p i . oi i on 1 1 ui ix 0:1 ra 1 i-
roada In ntlnM or m factoHM of which
tha output contrlbutM to the comfort
I ami welfare of thla country.
I Aa far an we know, no Bulgai an, up ti
j the prMOIItt ha! Man involved in ary plot
1 o: any Other act !n Violation Of the lawa
of the L'Jiited Siatea. ( n the contratr,
t untvaraai testimony of tii authoi stie ami
I private iruliv. duals wheiver Bulaaruins
1 live hi this country ie that they are
quiet, peaceful, sober, thrifty, hard
working people They are loyal to the
country where ihey reside and earn a!
livelihood : he Ka lawa. nnd bv r
labor oontrlbutg then ah art to th ex
tcnalon tnd davalopinoni of its uaaful
lnduatrtat
We feci It, therefore, our duty as per-
tona of Bulgarian birth who have enjoyed
America! hoapltaltty for years to con
trovan your htatcment m regard to our
reiiou ( uuntrymen and to protean
aggylnei it as an oaparalon upon their
cnmracirr nu loyauj 10 una country.
( I . VAMlLeVrr,
ai.kx. ANOBU nofk
S. N. Karahtova
niv VorKi December -i.
"The sun ( orreponden'e Colli 1
Intlteri to Paa I'pon This ( harge.
To THg Editor ok thk st-v- -sir.- a a
atudent Of literature I bine bsSeil
gtruck by this: that while Prance Spam.
England, Italy and even Ruealg ha e
produced a'ork which lit tranelation
have charmed and delighted the world.
(lei many tlM produced none.
what tiie raaaon? There can only
lag one. and that i that the German
mind la u. King In aympathy, is too
self-cent red, IdTgRATrg.
Ngw Vork, Deoamber 21
. Kesist.na ine aimosi Irreaiatlble
temptaUon in rafuie this Indictment ,
ur avail lo characterise It, we ), it
, in ;!n j'lrv, without s much as .1
him that the younger members of
thb 8ffa family might give enltelit.
. , .
nlng oommeni on the tales -if the
Brothers Qrlmm, Wilhelm and Jakob,
i Penbtlag oklalininan
from ihr Qklak a Tltntl,
Bwlasgetid cuaVbati t he tbtor jf
retsry of Agrhultura to ihe ,,..
.lab
till t-
that a
.ine (rtl
TvlSIC FOR THE
CHINESE.
it lout sail tin ,0 at.rih of Si, a I
tl etery eur. .Ial aay there ari
H'.ti'i worth of files an-l Inaarta ...
world,
Th I Trie of ggltfe,
in cblesboad days
V Ih Jo) a-tlngie,
"ti fallh l firm
tn oui KrlN Kr uf r
'I'iien i oiufii th Itms
aa tbliik him stupui
Vtni ibos beUevs
In one D.tn dipld
rbsl lo'l out-.vorn.
Witit yemh yuu inlngli
H"iiaf rat n nil
1 u old l rlS Kl'itiS e
iii Mm sua Wii.ui
not
ths
TRUSTEES' POWER
, of P. Board Can't liNun
Tenphors Without Hfnr
injr by Faculty,
LIBEBAL SPIBTT A I Work
rnti.ADBi.Pllt. Dec. 21. T- I list
of Dr. Scott Nearlng fiom lha staff of
the t'tiivereiiy of Pennsylvania wi
crested su'"h a storm, baa result
sweeping changes regard I n lha n
by which a member of the fsru ..,
be relieved of his job.
in the futute no professor or .'s.
prifessor may be dismissed by tin
of trustees except aftr a
between a committee Composed ,. nt
representative from each of the rslric f.i ul
tie such representative to he el (MM
by the faculty he rpt esents- aj;.
committee of ecpial number fmn
boaril of ttuteee. The provost -preside
nt tOCh meet. age.
When Dr. Nearlng wa- disn I St ,
fiiends contended that the truiteei
tlou was part of a cantpa.-i, to res Ii .
free speech, but the trustees Bald the
Nearlng went because he had an Obi ,
lous habit Of apeaklng freely without Bar
milting common sense and a regard fn
the risrrs of others to limit Ids e
p pa Batons ; tiiat iie was IntemperatB of
speech and penalsted in making Bstot
Ishlng tatemeits regarting untMtM
theories.
.students of the un.verslty olrculatM
a pellllou to have him retained. .
alumni took the matter no. and ui' I
was said and writton In h'e behalf, h
he was oustel.
Of the seven rules adopted by
trustees one srar.ts a teacher a h.-a'-;.K
before he can be dismissed. ' r.'r r .
provide that a piofeeeor Shall he a,
pointed for an indefinite term, that on
slstanl professor shall receive a !lr: t;
ointment for three years and lulwi
juent appointment for five earj ea. b
(heretofore assistant professors Wert
appointed from year to year), and
case it is decided not to reappo.nt ar.
assistant professor he shall be fiotlfle''
not later then April 1 betore his co'
tract expires. Dr. Nearlng was MM
fled thai he would not he reappointed
in June this year.
Traeteee Keel KBeeti.
In eicep loii.il cases, whete loss
the university of a man of recogniteil
ability might follow delay In his Bti
pOtntmSnti action may be taken b ,
provuet and board of trustees edvhou
prior consultation wltb or recommends,
tion of the group of Instruction of a
he would become a member, instructors
are to be appointed for a term f or.
year.
it ;s understood that a far m ,
change In the method of elect g ti
teea also is under consideration '
prohaiily will hr acteil upon at ai
date I'p to line lime, as reqil red 1
the charter, the loaid has ma Ii
appointments to its own bod foi '
and it has lieen Qhe CUatom of tl.e, . ,
to ask the ,lirectors of the ...
eral Alumni Society for nominations
nn a vaoancy, who auggested to
names, from which or waa Ohoaen 1'
.however, none of the four names
posed was a.-i eptal.le lo the nualc '
other nati.e.s culd then he propoM I
I the General AJumni Bociety, and e
i until the vacancy waa tilled.
I alumm M a Hjlo;e dlJ' not v, .
Tl ..Ma. llm. fK., u, mtm - t.
i could not secure election lo the he d '
an alumnus not acceptable to I 's1
j but BOOeptabie to the alumni. It
eterled lha' tins bas the Bppearat
tioin something to gmufj th ni
preserving intact the self
uat nit power of the board r
It la now ptosHwed. and t nia
boto4, to ohatlfft the rtllttonftl .
RUmn! to the board (tlong I p I
I II Ml :
um. i mimnI spirit.
On the ocoaaton of aver; vb in !
after among the tWntfoui
otvnpriir4, the board, t'. uatai
ad iae the tward of manage f
General Aluinnt Boolaty, n9 Ol m"
agemy of the aJumnt m . 'i mih
created, and nhall Invite I J .tor
aubml! KOI lees thai: ail. Ha ta of
mm prefarably aiunv whom
ahall le choaan b, r :
date. Inatead of itopplnv here hi
tha paa rWitllOUl an wta :ip tMl
the alumni now n ill be aaked to "0t
upon the three candidate! The he,,
hall then, if t'n plan goe throuvti
IndtOMOdi eh-'1 ta memberahip th
didat reveivinit tie h if heal nuirb
0 vote, provided that ai laatt
thoua.tjul votrj 8hal! ha1."
Should thg number of votea 1 n'
'at the board of trusteee w eaej
the Hgh' to dtarearard the nw t, a
the event of a Tie the trugteea rtl i
dectda tn laeue t undoubted a b
stipulated that the light - f ,1"
typrtnacd In th charter ahs
wise i abrogated t,r ir- a in I
While this date tioi btberaltia -
tion of trtltee to tn et 1
Harvard election of ovarteera - tht v
open to th alnmn; the r - v
charier pre van ti tiiat .11 U Obviou
great atop forward Moai rfi irn
lore Phlladolphle men. vnn if tlie
take gufnclant Imereat It in n .
i mhle that men II vinjE 1 New v
I elaewhere p i I
OLD TAPESTRIES TN FRE1
' iHlalle adenines" fm "
Kami,- tdmllted Wllhuni liiii
Tapestrlsi of the Uouw v
at ia bed to tui niturs
late K. ll. Bacon, formi 1 1)
of the Raltlntor snd '
Oomnsny, valued at I3i
pesaed yesterday bj Jo
appraiser of the port f '
erttettc antio,uttkrs, wit
of t he present tariff tot.
The taeestrlea, Ihe 'olo
Which were uutiBUall)
Vll'id, Sere Used BS ci.-t
BOfaBi ten hairs and
WOOd work iii ths fui n
Rihleil wan found b;
flolals to bs nt alei ii
eordlngly bbb sasd ut di f
at the rate ,tf 1 .", pi i
aa "inanufs turaa of a'oo'l
amounting lo a comparai
w an paid .i ll the tat'i strlt -
to the eaevutors of the H
EAKLY INDIAN HISTORY V:
i uolers
sele of I nn
I'oials til, in
'History
merica'
t in the
if t '
lo
.ale
Sovi
So
M l
nf A
p oceedlng in the v ,i, r-
brought the highest pr cs !
heitaton I e.-M to F W Mor
McAfee's "History of th l.ui
the Western Country,' pui
I tig ton, iei. "ohi to ii li Bae
181
tltlier -aire BarS KO 4 1"
Clark's Ifixpsdiituu," pubiisi i '
delphla by Bradford A !.-'.".
to I, t'. llarper for $t:'. and S
j, ,i Jacob's ''Caw, alloiiat'l
tiie Cadmus Hook ahop fn 1
tot.,1 for ihr session was H.'i
the total tn ,Utr la C8.48O.S0
Tile alB COnlinUBB to lay
1
aka-t !
1