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The Washington herald. [volume] (Washington, D.C.) 1906-1939, November 03, 1912, Image 10

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83045433/1912-11-03/ed-1/seq-10/

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MARKETSIMANCEt-C0RflMRCE
LocaZ Financial Matters
By I. A. FLEMING.
It Is not at all likely that any Injunc
tion will lie against the plans and pur
poses of the Maryland-Virginia' Com
pany, which on Wednesday, next will be
succeeded by the Washington Utilities
Company.
From the start of the entire so-called
"financing plan" to date the term
"merver" has been used Inadvisedly.
It Is not the Intention to destroy the
identity, the corporate existence of any
corporation, except In dropping- the name
of the Maryland-Virginia Railway Com
pany, nor yet to merge. In the meaning
of the word, any of the utilities of the
city.
Barter and sale are unrestricted save
in the case where the parties thereto are
lacking In mentality.
Any man holding stock In a corpora
tion has a right to sell what he has.
Any one can buy who has the price.
There is no law In contravention.
When the assets of the Marylnd-VIr-flinin
T?nllwav roffliunv are transferred
... .. w..hufnN TTtimlM Pnmninv the
lu lin i iiw - . . -
latter will have in its treasury at leasi
0 per cent of the capital stock of the
Washington Railway and Electric Cpm
pany and a large amount of the stock
of the Wsshlngton-Vlrginla Railway
fnmnanv
It la understood that the underwriting
of the entire capitalization of the com-
tinv hu been arranxed tor. vtiuiara
Soloman & Co. admit their connection,
,y nthri- financial houses of Fhlladel
phia and New York have offered any
assistance necessary
Other utilities have not been mentioned
as desired or wished for. save on certain
rnnrminn. The vehicle Is at nana it tne
other corporations wsnt to come in at a
price satisfactory to controlling inw
csts.
Once upon a time the City and Suburban
Railway Company was absorbed by the
Washington Railway and Electric Com
pany. It had and has a capital stock of
il.7X.doa. and the purchasing corporation
acquired all but $161450. par value. $M
a share of this stock.
Owners of these S.259 shares stood pat:
they did not sell to the railway company.
To-day the City and Suburban Railway
Company, the G Street line of the Wash
ington Railway and Electric Company,
Is a rather prosperous link In the system.
The Washington Railway and Electric
Company will buy any stock ofTered, but
the bid price Is S3) a share. It "is a
41.54 miles system and ought to be worth
much more than CO a share.
Supposing simply supposing that
number of shareholders of Washington
Railway and Electric Company refuse to
turn in their stock to the Washington
Utilities Company, when the terms are
offered. In due time the stock may be
more or less neglected on the exchange.
Perhaps the bid price may be followed
to sag. It certainly would not be boosted
to higher levils.
It is not possible that the story of
Cltv and Suburban might be repeated.
This Is not Inspired by any man or In
terest whatever It Is a statement of
fact nothing else, with a surmise, a
little speculating on possibilities.
But the minority shareholders would
liave rights, decided and positive rights.
Just as the minority shareholders of the
ity and Suburban Railway company
have. Any corporation attorney would
indicate these rights and enforce them
If so instructed.
In carrying out their proposed holding
company plans, the Washington Utilities
Company Is simply going through a sim
ilar operation to that of more than a
decade ago by the Washington Railway
and Electric Company, when It Dccame
the holding company for many local
traction lines.
Here Is a condensed history of the
Washington Railway and Electric Com
pany: Incorporated as the Washington and
Great Falls Electric Railway Company,
July 2, 1S02. by special act of Congress:
name changed to Washlnston Railway
and Electric Company on February 1.
IMi. On February 4. 1902. purchased the
assets of the Washington Trartion ond
Electric Company, which were sold under
forclosure on November 14, 1901, in pm
snance of a plan for the reorganization
of that company's finances.
This plan of reorganization Is dated
August 1, 1901. It provided for the fore
closure of the collateral trust 4V4 oer cent
mortgage of the Washington Traction
and Electric Company and the formation
of a new company, with authority to
issue (a) $17,500,000 4 per cent fifty-year
gold bonds: tb JS.500.000 5 per cent pre
ferred stock, cumulative after .Tun- I
1SC4: (c) $61500.000 common stock. Far
value of stocks, $1C0.
Holders of old collateral trust bonds
received for each $1,000 bond: $550 in new
4 per cent bonds, $550 in new perferred
vtock and $3)0 In new common stock.
Each" $100 share of old stock, on pay
ments of $9 per share, received $9 In new
erferred stock Jnd $30 in new common
. stock.
This company also consolidated the
Vnited States Electric Lighting Company
and the Potomac Electric Power Com
pany.
On February 4. ISO!, the properties of
the Metropolitan Railway Company and
the Columbia Railway Company were ac
quired by deed In fee subject to their
mortgage debt In addition to the mile
age actually owned by this compary,
$7.65 miles, it controls through stock own
ership other street railroads In the Dis
trict of Columbia and State of Maryland
with an aggregate' track mileage of 101.03
miles, making the total track mileage of
the system 158.67 miles. It also control
the Potomac Electric Power Company,
the only electric light and power com
pany In Washington, and the Great
Falls Power Company, which has un
developed water power rights at the
Great Falls of the Potomac River.
The companies controlled through stock
ownership follow:
Anacoetia and Potomac; Brightwood.
City, and Suburban; Georgetown and
Tennallytown: Washington and Glen
Echo: Washington and Rockvllle: Wash
ington. Woodstde, and Forest Glen Rail
way and Electric Power Company; Po
tomac Electric Power Company, and
Great Falls Power Company.
- Total capital of the various corpora
tions absorbed. $9,532,350. the company
owning all but $$79,750 of this stock. Some
of the Great Falls stock has been -sold,
and the Potomac Electric capitalization
has been raised to $10,000,000 from $5,000,
000. Capital of Washington Railway and
Electric Company, $1,000.000.
History Is repeating Itself. To-day the
Maryland-Virginia Corporation now owns
60 per cent of the stock of the Washing
ton Railway and Electric a large block
of Washington-Virginia Railway, and I
possibly some other electric light and
power securities.
When It takes over control of the
Washington Railway, and Electric Com
pany, as It probably will. It "will own
practically, through stock control, all
the lines referred to.
A. correspondent wishes to know what
action Congress, has taken from time to
time In fixing- gas rates.
Congress stepped In in I860. June 23,
when the price was made S per cent
per ISO cubic feet, with a reduction of 10
per cent on bills If promptly paid.
By act In 1382 the price was'flxed at 2
By act of January JO. IMS; the price
was increased to 40 cents per 100 cubic
feet with a reduction of 10 per cent on
government bills, and 5 cents on private
customers. . -
On June 2S. 1874. -the rate was reduced
to $2.50 per 1.000 cubic feet for the gov
ernment and $2.75 for the general con
sumer. June , ISM. the fixed Price, of the
Washington Qas Light Company was re
duced to SL10 per 1,000 cubic feet
Jiuy x, isok the price was reduced to
II a 1,000 culflc feet.
This ended the government reductions
to date.
The company voluntarily reduced the
rate to 90 cents some three or four years
ago, and then made a further cut to K
cents.
It takes a certain kind of courage, a
high grade of the article, on the part of
the bank president to turn his back on
-
"possiDiuties" ror money maxing ana to
conduct the affairs of his Institution on a
strictly business basis.
All around are men of means, fre
quently bankers themselves, who are
adding to their personal fortunes through
taking a chance here and there In en
terprises that look fair, frequently turn
ing out well, while the straight conserva
tive banker sits tight and looks after the
Interests of his depositors and share
holders, knowing that taking no chances
means freedom from worry, freedom
from fear, freedom from suspicion, once
a beautiful scheme goes wrong.
It means always the preservation of a
good name, "more to be valued than
great riches;" It means honor among
men; recognition as a charter member
of the roll of honor.
It ought not to take as much courage
on the part of a banker to say "no" to
a customer as to say "yes."
The former carries with it the certainty
of safety, while the latter may have In
the saying, lurking danger of failure In
repayment
He Is thewwlse banker who, having
looked at the various angles of the mat
ter can say, when the case warrants.
"No," and do It In such a way that the
recipient of the negative will feel that
the banker has done him a distinct
favor.
The North Capitol Savings Bank open
ed for business last .evening. The di
rectors were present to a man, and one
woman, tuning adjourned their meeting
on Thursday evening until last night.
Floral tributes were sent by well wish
ers and by other banking Institutions.
The new building was Inspected and
voted Just the right thing for the needs
of a bank, and the fittings and fixtures
were approved.
Best of all. many accounts were open
ed, a number of complimentary checks
were sent down from banks and trust
companies uptown, the aggregate de
posits far exceeding the expectations of
the promoters.
The bank sal organized under Arizona
laws, but it carries the same double
liability of shareholders contained in the
District law and has a much larger
board of directors than could other
wise have been elected.
Robert N. Harper, president of the
District National Bank, had entire
charge of the preliminary arrangements.
This is the third bank organized by
Mr. Harper In the District and he has
found time between banks to establish
one In Lcesburg and do many other
commendable things.
Speaking of Mr. Harper's ability to do
things recalls the manner In which he
recently moved a State turnpike In Vir
ginia that happened to run through his
land at Lcesburg.
Mr. Harper owned property on either
side of the road. He persuaded the
State to permit him to close the road
with stone gates at cither end of his
land about 1,400 feet, and construct at
his own expense a new State road at the
limit of his property in semi-circular
form (new moon shape), while the old
highway becomes the driveway to his
residence.
All exchanges were closed yesterday.
The banks were open. Many brokerage
offices were open for part of the day, but
there were few traders In attendance and
the gossip and speculation was of the
Presidential election, rather than of
stocks ana bonds.
All Washington awaits the results of
the ides of November, recognizing that
it may mean vital results to the city-
more directly affected as to the policies
that a change of administration may
bring than any other individual city.
The three candidates are more or less
determined to hold to civil service In
District matters; a matter of congratula
tion, but the chances are that there will
be changes enough a few months hence
tu disturb the placidity of the heads of
bureaus, departments. &c
The wonderful prosperity, the great
crops, the Industrial activity on the eve
of election preclude fear of positive dis
turbance. It will take drastic action to
disturb the serenity of a $9,000,000,000 crop
country.
Harrlman & Co. announce that they
will keep open house on Tuesday even
ing at their offices In the Colorado Bulldr
Ing. where private wire election returns
will be received.
One of these days some shareholder of
the Washington Gaslight Company, with
clean hands, will take the Initiative In
settling the rights of the corporation to
dividends on Georgetown Gas Company
stock, owned by the Washington Gas
Company.
The Supreme Court of Oklahoma holds
that "one signing a note as principal.
Jointly and severally with a debtor of a
debt then due and owing. Is a surety and
not an accommodation Indorser. Such
surety Is. not entitled" to a notice of the
default or insolvency of his principal,
neither Is he released by mere delay In
hHnvlnv suit '
An interesting savings bank account
has come to the attention of a Boston
News Bureau reporter. The account was
started in a Massachusetts savings bank
uacic in isov wiin a aeposit of $130. On
two occasions withdrawals were made.
one of $15 and the other of $30. making
the actual principal $85. To-day the ac
count a nuance amounts to mru-,. h.
$1,109.
Below is a reproduction of a 'memo
randa of the account:
Ijtan 30. 188).
fen. Die. ru. mi.
DIt. to Job-, lies.,
,mi
... $139.00
30.80 ... v.m
115 B4.89
n.a ... m.is
X M8.I1
'0.80 ... B7.C8
38.il CZ.O
MtM ... t.rj
iB ... 7.a
MtH ... K4.3
Withdrawal July. 182..... ...
DIr. to JuIt. 1SJ8.
Withdrawal Nor.. U88.
Dir. to July, 1871 ..... ...
Dir. to Job-, OK.
Dir. to Jaaaarr. ISM...... ...
Dir. to Jnly, 1833.
Die. to Jnly,
.Addict 4 per cent la dttidcoda m fa ti. tt
would Mat the balance np to tl.118.t8.
Four presidents and one director of
"night and day" banks In Memphis,
Little Rock, and .Oklahoma City have
-.. v.v,u..a. , . x-eucni jury in I
Memphis. They were charged with an
unlawful Interchange of securities; by
which, tkex-were able' to pass clearing
nous examinations, tbo" cnarge was
also.tnade that, funds were-used Illegally.
The District National Bank willvcler
for the North Capitol Savings Bank.
A. friend of a bank president made
an accommodation note in order to
cover up an Irregularity, wjth Intent'
to deceive a bank examiner. The bank
faljed. The court held that the maker of
me not was liable.
J. P. Morgan fc Co. brought suit on
a guarantee of a letter of credit the
defendant guaranteeing to make pay-
merits of funds on demand, with
charges! The letter of credit waa 200.
The defendan urged that being; a trad
ing corporation, the act of the "treas
urer In signing their gurantee waa be
yond his authority, and simply as an
accommodation to a third party:
J. P. Morgan & Co- given verdict
Case J. P. Morgan s Co. vs. Hall. Lyon
ti Co.
DECREASED SURPLUS
OF FOOD PRODUCTS
National air Bank Circular.
Recent discussions with reference t
the advance In cost or living suggests a
consideration of some striking facts re
garding the decrease In the surplus of
food products which Is "left over" after
supplying the growing demand of our
population.
That the percentage of our population
engaged In production of food stuffs Is
steadily growing smaller Is generally
recognized, but the fact Is brought
sharply to attention by the most recent
figures available upon this subject
While the Census Bureau has not com
pleted Its tabulation of the number of
persons engaged In agriculture In 1910. It
has completed figures showing the num
ber of farm families, which Indicate an
Increase of but 11 per cent In the number
of families on farms In 1910 ss compared
with 1900; while Its figures showing the
number of persons engaged In manufac
turing. Including wage-earners and sola
ned omclals. Indicate an Increase of
practically 30 per cent in 1910 as com
pared with 1900.
It Is apparent from these figures an
Increase of practically SO per cent In
numbers of persons engaged In manufae
tuiing and of only 11 per cent In num
bers of persons in farm families that
the growth In consuming; nonproducers
of agricultural products Is much more
rapid man that or producers.
Decrrased Kxports.
This reduction In the relative producing
power of the United States of farm
products Is further Illustrated by the
recent figures showing the exportation
of food stuffs st the present time com
pared with that of previous years. Tin
value of food stuffs exported In the fiscal
year 1912 was but $419,000,000, against
$545,000,000 In 1900. Even this compari
son of values of exports In 1912 with
those of 1900 does not give an accurate
picture of the decline In quantity, be
cause of the well-known fact that prices
of food stuffs have materially advanced
In the meantime.
A comparison of quantities in some of
the more Important articles exported in
1900 and In 1912 discloses even more
startling facts with reference to the de.
dine In outward movements of food
stuffs.
The quantity of wheat, for example,
exported in 1300 was Minoo.orci bushels.
against 30.000.000 In 1912: and of flour
1S.5CW.0CO barrels In 1900. against 11,000.000
barrels In 1912. The quantity of corn
exported In 1900 was 200,00,000 bushels: In
1912 40.000.000 bushels.
Heavy Decrease In Steals.
The quantity of canned beef exported
In 1900 was 55.500,000 pounds, and In 1912
but 11,000.000 pounds; of bacon. In 1900,
512.000,000 pounds, and in 1912 209,000.000
pounds; of pickled pork. In 1900. 133.000.-
000 pounds, and in 1912 56,000,000 pounds.
A comparison of the decrease in the
quantity of meats exported with de
creased valuation of the total meat and
dairy products exported affords a strik
ing illustration or ine advance in prices
of articles exported as well as of those
consumed at home, since the value of
meat and dairy products exported were.
In 1900. but $1SI.500.000 and In 1912 $156.
250.000, a decrease of but 15 per cent while
as shown above, the decrease In quantity
of the principle articles exported la very
much greater, ranging from 33 per cent
to 13 per cent.
Hsnsfaetnref Help Oat.
A still more striking exemplification of
the falling off In our surplus food prod
ucts and the effort which the people of
the United States are. perhaps uncon
sciously, making to substitute some other
product therefor In our contributions to
the world's markets Is found In the per
centage which food stuffs form of the
total exports at the present time com
pared with that of earlier years. The
share which food stuffs formed of the
total cxportatlons in the fiscal year 1912
was but 19.5 per cent while In 1900 It
was 39.8 per cent In 1S90 42.3 per cent
and In 1SS0 55.S per cent of the total value
of exports.
This decline In the exports of food
stuffs has been offset by the Increase of
manufactured products exported. In
1S80. when food stuffs formed 55.8 per
cent of the total exports, manufactures
formed but 14.8 per cent of the total, and
In 1S90 but 21.2 per cent. By 1900 the
proportion had considerably increased
the share which manufactures formed of
the total being then 35.3 per cent while
In 1912 manufactures formed 47 per cent
of the total. The total value of manu
factures exported from the United States
was, in the fiscal year 1880. but $122,000,-
000; In 1890, 8179.000.000: In 1900. X4S5.000.000,
and in 1912, $1,020,000,000.
WHOLESALE MAEKET REPORT.
Quotation gleen betov in for ltitt lota Job
ben iwleea are hlsber.
ECG3-Xear-by fresh Vinrinia. 30aS: West Tir-
sinla and Soutbwnt Virginia. Sa30; TennoBaee, 39a
X.
BUTTER-EIain fancy, ur lb.. 3U3: Western.
fint SiaX4: aeronda, 9i3U; atom packed. JD.
i-Httst-.t lork Slate factory, new, u.
rol'LTRX-HenaL per lb.. U: roosters, per lb.. J:
turkert. I7al; chickens, 18; ducka. per lb., 1U15.
DRESSED POULTRT-Hena. choice, per lb.. 18a
IT: tnrtejw. per lb.. 30; ducka, IfalS; ehlckna, ItaA.
GBEEX FBUITS-Applrt. nrr, per baaket, WS;
box. tOaTS; bbL. lJCatOO; onntes. California, box.
LBLI3i lemons, box. 5.008.09: ffnpefrolt per box.
-Cairo; pineapple. TSatS; peaches, per crate. 1.00
ZXO: srapea, per 4-lb. baaket. Concord, 7af; Magara,
K!al24: cnertnut. lb.. Taa.
HAY AND 8TRAW-Hay. Western. No. 1. 20.091
39J0:iXo. 2. 15.00.18.00; mlied bay. 12.OOal8.09; straw,
rye, bale, 13Qa7.09: machint thratn. 9.0010.00; atnw,
wheat, per ton. tSoal.OO; ttraw. oat. pat ton, 7.00a
7.81.
VEOETABLES-Potatces new. No. 1, per bu..
tOaTO; No. 2. per bbL, LOO; corn, iter dot., UttiS;
yams 'lEarfcrn Shore), 'per bbL. LOOatS; sweet r
tttott, par bbL, L5L9; onions, per crate. i
LTS; per ttdt. IS; Srauah. per elate, tZSatU;
eabbtfe. per VJ0 lb.. 8385: ess plant, per dot.,
5073; tottnee. per baaket. 3075: atrins bean, per
bbL, LOOaiOO: lima bean, per qt. 3035; aqnaab.
par bbL. TSaLOO; beets, per 109 bnnche. LtflattO;
tomatoes, per erate. 75109; encumbers, par baaket
T5aL00.
LIVE 8TOCK-Sheen. per lb.. 2aStt: trains
Iambi, per lb., SatH: aires, choice, per lb., MalOH;
medium, per lb.. SUas.
WOOL, ARD HIDE8-W00L wished, fret of bum,
per lb.. 3335: wont rmwaabtd, par lb., 28; Mdttv dry.
per lb.. UalS: salt bides, lb.. 13; calfaklr gnta.
each. USlXe.
GBAIN-Wheat par bo... 85U.0Z; corn, tbsiitd.
per bo.. 8888; -car, per bbL, 4J5I.tO; oala. eld.
Western, white. No. 2, per bo.. arsaS; ratted, per
bo.. 88atz: new. No, I par bo 43aa$: mixed- ekts-
bran, par tan.-2UDa24.tO; middling, per ton. 38.80
32.0J. - -
SEEDS-Cmrrr. red. .ILSOaUSt; ctoter, alsue.
nois.cs: moothy.
tttud gotaTuMLn
aj anw ma, uss&soj
-!.-; ;'-' . .
LIFE
STILL IN MARKET
Coatrol Hu Tat Yet Cfcaagti
Bud Co Oreem Wait
to lie Fwridwit.
New York. Nov. 'i Further 'investiga
tion of the Manhattan Life Insurance
Company deal revealed yesterday that
while control of the company has not yet
changed bands. It la In the market
It Is understood that Cot A. A. Green.
Texas -representative of the company,
who is now at the Waldorf, has for some
time held sn option on 1.001 shares of the
total outstanding 2,000 shares.
Col. Green. It Is said, has offered the
control to at least, one banking house,
but that concern did not care to take It
Two Philadelphia Insurance companies
offered to take the shares, but the price
offered was not high enough.
Friends of CoL Green say he has're-
cently been cherishing a hope of obtain
ing a loan on the stock and then becom
ing president It Is known that soDllca-
tlon was made to one banking house In
the financial district for a loan of 8250.-
COD. but because of the many things In
wnicn this concern was Interested It did
not lend the money. The stock was also
ottered to one life Insurance company,
but It turned the offer down.
It was learned yesterday that Gen. H.
D. Stokes and W. C. Stokes are the larg
est shareholders of the company. While
they have given an option on their hold
Ings to CoL Green, they are averse. It Is
said, to giving one to any other Interest
They are against foreign Interests re
ceiving control, preferring to see it re
main in this country, as it Is a sort of
monument to the Stokes family that
rounded the company many years ago.
Ira I Tingle, of 42 Broadway, stated
yesterday that he has purchased 400
shares of Manhattan Life stock recently
nt between 360 and 450. which Is the equiv
alent of from $180 to $225 a share, as the
stock Is $50 par. An option on this stock
has been given to Col. Green, together
with the options on the balance of con
trol. New York American.
RAIL MILLS SOLD
FOR MONTHS AHEAD
Railroad buying of rails and other ma
terials continues to be the active feature
of the Iron and steel market In regsrd
to the other classes of consumers, the
Iron Age confesses that It Is not easy
to measure "the extent to which buyers
are contracting for deliveries beyond the
period of crowded operation which all the
mills see ahead of them." Of the rail
road buying, the Iron Age says:
Some rail mills are now sold ud to
June, and while rollings for spring track
laying are out of the question with tha
leading mills, rail orders keep up In large
volume. The St Paul has Just bougnt
j.w tons, the Southern Electric Rail
way, of Texas. 12,000 tons, the M.. K. and
T.. 16.000 tons, and the San Antonio
Uvalde and Gulf, 9.000 tons. An Import
ant export order is 30,000 tons for the
Canadian Northern.
Car orders closed In the last week
amount to fully 5.000, while nctive in
quiries for 12,000 are pending, and car
companies count up 24.000 more on which
bids are about to be asked.
Of the general situation. It says:
A significant transaction In -its bearing
on the maintenance of present prices :s
the order Just placed by sn Important
buyer for all Its requirements of tin
plates, hoopes, and plates for 1913, on to
day's contract prices. A number of bu
ers have placed orders calling for deliv
eries In the third quarter.
The semi-finished steel sitautlon Droni-
Ises no early relief: billet and sheet bar
production will not be measurably in
creased by new open-hearth construction
before April.
The Iron Trade Review aya:
Slight easing of conditions in the Iron
trade has come without any Indication
of weakness. Decrease In buIng of nig
iron ana some finished products and some
disposition to be less insistent upon de
liveries are generally attributed to the
fact that consumers are obtaining fair
deliveries on orders placed months ago,
and also to natural hesitancy which
comes on the eve of a Presidential elec
tion. RESOURCES OF BANKS
LARGEST IN HISTORY
Lawrence O. Murray, Comptroller of
the Currency. Issued a atatement indi
cating that the resources of the banks
in the United States national, Stale, and
private are the largest In history.
According to reports of their condi
tions on June 14. the Comptroller an
nounced, 25,000 of the 19,000 banks In the
country showed aggregate resources of
$:i.9S5,O30,O0O, an Increase of $1,324,000,000
over tne resources of rt.ooo banks which
made returns In 1911.
The total Individual deposits amounted
to $17,012,000,000, an Increase of $1,106,700,
000. The 4,000 banks from which no reports
were received by the Comptroller were
chiefly brokerage concerns with an esti
mated aggregate capital of $79,000,000.
Bnllnar on Savin as Ranks.
Albany, Nov. 2. Savings banks In this
State are not authorised to prefer de
posits of postal savings banks or of
court funds through a pledge of col
lateral securities, guaranteeing- the pay
ment of such deposits, according to an
opinion to-dty by Attorney General Car
mody. He also holds that savings banks can
not guarantee a fixed rate of interest on
such funds.
Coal Exports 8)02,800,000.
The sale of coal to foreign countries
has Increased 500 per cent In the last
twenty years, according; to a statement
Issued by the Department of Commerce
yesterday.
The total value of coal exports In
1S12 was $52,600,000. as against $21,000,000
In 1902, and $8,333,000 In 1892. Besides the
actual exports, much coal was sold to
foreign ships in American ports, the to
tal value of all sales being about $7
000.000. Most of the exported coal went to
Canada, with Cuba, Bermuda. Mexico,
nod Panama as minor purchasers. The
coke industry also advanced from $112,
000 In 1892 to nearly $3,000,000 in 1912.
REAL ESTATE TRANSFERS.
Chinum Cottle Height Wttbrbftoa land and
Mortgage Company to D. Webster Enna. lots TO
to 73. tqnara X09. 84,090. Sum to E. P. Springer,
tota 3 and 4. aquaro 3383. 8L80B,
E Street Soutbetrt between Twelfth and Thirteenth
Slreett Anthony Wuoonaia ct ux. to Chapin B.
Barnaul, part lot 5, tqnar 10. 810. Chapln B.'
, Bauman conreyt atnw property to Mary Wtocon-
.ta.no.
Whitney Cloae-liiddaugh ft Shannon to George. W.
tnd Florence, 3L Hotman. lot 25. block 8, $18.
O Street Northweet between Brrenteenth and Elaht-
.. rath 8tstttt-Anna A. E. .Ktots to Locdtt K.
uooertaon. Harry w. Arthur, s. aw Walter B.
- KtotvtU Interest in original tot IT tnd toblot
81. tqntrt 180. $18.
Addition to Ancoti-Jaaet F. Hood tt nx. to
Ada SL Jenkins, an sonars 88W. 888.
Uagdoa Mrs-Francai X. Hlsdoa et nx. lo Fred .
MRH1TTAR
HasktO. tot 8. bloc): 23. 818.
Baat stabeUi-Ihsloiih .B. Ikhnadtt ux, to
Ms X, t.s. f. as ,- ssjsws
, fax
WnsjIajSili-PMIp W. WBsy st':,. tsstsr ,W.
HurtsVlit & btaflk JttH.
m I awt Itieesl mnsr r. Ottt m. t.
Pamrllrnt tat a. maia am. SSL
cossta Ansae Fat-Mrthe O. tf. Bert to
Mux 8ta Qftat. tot m. lean f, am
irmisla Ansae fta-Mcrj M Osssf to
HuOi a. m. im. tot m. i bW. Ml
ON Tmmfc Mien Xcrs)mst-atak, P. snenl
t 1. instin to JssMs.wMts. k B. ssssn
I. S.lss. ' v-
CMesAla HitoMs Ohm O Vaanf st sL to
Ttltoss Priest, lot , Mask $f. ML
m Mmt ItoHksssV Omsi 3. sMsster st st
to SEIss a. Ssesnasa. tot W, nawsJss, IN.
oat Piat linn B. Tliwcsw W ax. Is
Ctoorj J. XsKstdty sad Oseejs T. WartUaftoe.
lot . Mot 8. OS.
Colnabte Belttts-Aadnw B. tssmwy to Bsnina
B. Iliw. tots st sad a. stssr , 8M. .
Cfcerr Chase Tsfnes-H. Klttos Oosdato ft ax, to
lisiy Im Crsls. lot 44. steue MO. t
Ml O Stmt Notthaut-lf srtia b Oettwib et uz.
to Frank J. McCarthy, tot 111. sbs 8, tM.
Chfltam Cutte Heiefato-wtshiactoB Lead tad
MortsSB Cbaqwnr to Kobtrt C. Xotsu. tot
81 SOWS 3388. 8731.
Oak lawn Tonet-Chaifas A. DousUs et sL to
Aosmca A. iMouu. lots f tad H. sn.
WK H Stmt Nortiwnl-winiu, D. Lncky to
EUuhHh -K. Ooodauo. tot B. untie Nt $
Hlflrrfcw-Htny Wtnbsta et at. to Ftaak W. ud
Ktto B. Cnsmlni. lot 151.' Knura X3L 8ML
Rur of ElghtMoth Htntt. brtwtta X, and M
Stntts-Hemo M. HliMds to Uor T. Ttjlot.
tot S3, tqnar MO. 818.
1113 to 11M Tvratr-aflli Strett Xottlnmt-Edwud
o. WMUord et ox. to MUtoo J. -HiM. Isti . 8s,
St tquu 14. tM. Milton J. Hint tt nx. codtcjs
sub DroDNtr to Itidiftid 8. CTdfe. Ha
Petvorth-aobrrt I. tod Ansa M. Qrr to lor T.
Morrit, lot tT. mntre 389, BO.
Hita VlCTr-Hinr Wtrdmtn et tV to Rlehud 3.
Ttccut lot Z7. block 11, 810.
Mount rtauant ud I'kaunt Pltlat-UIUta B.
fbauter fa RHMt A PniiiAll V Ut tM
Pttworlb Aliea B. Ltnuot et L to William Hear
IWia, trartee, lot IT tad ran lot w, avian
21. tlO. VIllUm Ilrnrj- Denni tniata. cotnert
tu propenr o u. Darbr Tnompaon. $.
U3t T Stmt crUiirert-BktitM 8. Wolfe rt ex. to
Edward O. WfcitfcnL lot 17. vmara tit tM.
83 F Stmt Kottbratf-Bttea Warren rt at to Und-
ujr B. Branaoe, lot 108. eroan Ml, 8M.
Eaat Caiilol Street NorUitaat between Eichtaant
and Xkutttntli Ftrerts-Ellxatjeth B. Baldwin.
eifcntrlx. et al. to Mary A. Loosnian, original
lota 3 and 4. wimre 1109. 810.
U3T T Htrart Ncrthest-Praneea 0. HOI to Ephnda
H. WUom. lot EC. mrara 151. 110.
Ul F Street N'oftheiat-Eparaun 8. Wilms ct nx. to
France C. Hut lot 111. raare SSI. $10.
EFFINGHAM ItACE-Jtmea It EUenon et nx.
Xn Tbomaa A. Dobjns. Iota 29 and 30. aqntn 19.
$10.
Tenth Street Sonthntt. between C and D Street
Henry W. Taylor et nx. to Edward Brows, put
lot t. aquar 94S. 810.
AMONG THE CLUBS
Section 4 of the College Women's
Club, of this city, of which Mrs. Ly
man K. Swormstedt is president met at
the home of Its section leader, Mrs.
Joslah Qulncy Kern, last Tuesday
evening. Mrs. Mary Hannah Johnson
Claxton. wife of the United States
Commissioner of Education, gave an
address on the alarming percentage of
illlterarcy In the united States, sup
porting her statements by statistical
comparisons with other countries. She
also told of the movement begun In
Chicago last July to federate the Col
lege Women a Clubs of the United
States, she being present at the con
ference as one of the founders of .the
movement. She suggested that such a
federation of college women could, by
their concerted action, greatly de
crease If not entirely eradicate Illiter
acy in the United States.
Discussion followed, led by the pres
ident. Mrs. Swormstedt. Mrs. Claxton
was able to Rive many helpful sug
gestions, owing to her wide experience
ss an educator. She has been a leader
In the development of library work In
the south, especially In co-operation
with public schools. It was she who
began and developed the free library
system In Nashville. Mrs. Claxton Is
also a writer for the Journsl of Edu
cation and the magazines.
At the close of the Informal discus
sion of Mrs. Claxton's address the
hostess. Mrs. Kern, served a collation,
expressing her appreciation of the co
operation she has received from her
section ifour). about forty of whom
were present, and urging the members
to remember to wear their section
colors, the "red. white, and blue." at
all the general meetings of the College
Women's Club.
Livingston Manor Chapter. D. A. R.,
met at the home of the regent Mrs. C. W.
Brown. Wednesday, October 50. at 2:30 p.
m. An Interesting feature was the pre
sentation to the chapter of a gavel made
of wood from one of the houses of the
old French settlement at Krenchtown, Pa..
now Asylum. The gavel was sent to the
chapter by Mrs. Edward U Smith, of
Towanda. Ta. Th historian read a most
interesting paper written by Miss Jean
Hasden. of Wllkesbarre. on the settle
ment of Frcnchtown and the colony of
aristocratic French cmlcres who llieri
there.
The regular programme fcr the dav was
as follows: Piano solo. Miss Hardestv:
paper. "Benedict Arnold" (Mrs. Perrvi.
read by Mrs. Wesler; paper. "Braddock's
Campaign." Mrs. Xscle. The resronses
to roll call were "Old Trails."
The National Catholic Woman's Circle
held Its weekly meeting In the east study
room of the Public Library on Monday
evening. Miss Lillian Connell addressed
the circle on the art of Michael Anrelo
as a painter. Illustrated with photographic
reproductions of the ceiling in the Slstlne
Chapel. The members of the circle gave
short sketches of the lives of the prophets
of the Old Testament ss they appeared In
tne pictures, j. F. Burr, of Brookland.
1). C. gave a talk on the "Art of the
Dresden Gnllery" and exhibited an orig
inal Madonna by Carlo Dolcl. Mrs. Coope
gave a talk on the great series of "Charity
Pictures" by Murillo. together with a
short sketch of the life of Murillo. Mrs.
Coope announced that throughout the
month of November visitors would be wel
come to the meetings, held In the Public
Libraiy.
The Capitol Hill Literary Society met
Monday evening at the home of Mrs. John
Bryson. 714 Twelfth Street Northeast The
president Mrs. Daisy Tranty, occupied
the chair.
The subject under discussion was the
recent International Congress on Hygiene
and Demography.
Dr. H. J. Bryson. Dr. James McKee,
and Mrs. McKee made addresses. Others
who spoke were Mrs. Tranty. J. W. Davis.
and Capt J. A. Hart.
The musical programme consisted of a
vocal solo by A. W. Jett accompanied
by Miss Helen Jefferies. and a piano solo
by E. V. Carr. The next meeting will be
held on November 11 at the home of Mrs.
A. H. Frear. 223 Eighth Street Northeast
Burnslde Relief Corps. No. 4. held a
committee meeting at the home of the
president. Mrs. M. H. Smith. 1S13 Colum
bia Road. last Friday evening. It was
decided to give a card party on Novem-
oer , at the D. A. R. Hall. This will
be a special event and no business will
oe transacted at that gathering.
MOTORCYCLE NOTES.
J.
The Philippine Islands are said to have
about SSO good motorcycling days In a
H. P. Arrowood and L. J. Saunders are
on their way from San Diego to New
Tork on a tandem motorcycle. Saunders
rode from New Tork to San Diego last
spring on the same machine with which
he la making the present trip.
One thousand miles In four days is the
record made by A. J. Eddy. F. J. Parmch.
and a. E, Petttfk. motorcyclists of Aber
deen, B. Dak., on. a recent trip from
then- home -to Minneapolis.
Supplies 815. This, according to J. J.
ReM. of San Dlea-o. Cat. Is all it cost
him on a recent motorcycle trip oh which
he traveled 3,500 miles.
R. U Baker and F. Hartman. of PUta-
bun- h.w. .. I..-1 - .enn-l..'rr:,,r ."' l".. """." wu tstas-
-j
THRONGS GATHER IN THE
HERALD
Uhje Ctowdl' Vktittd the Thirteenth Street Buadtn
. to Cast Votes for Their Favorites
in the Race.
Hundreds of persons yesterday visited
The Advocate's headquarters at Tit Thir
teenth Street Northwest to take advan
tage of the special offer In connection
witn The Washington Herald's szo,ogo
competition. The bulldlnx was wall filled
throughout the day and at certain times
was crowded.
The Advocate was surprised at the large
number of persons not contestants who
visited the contest home. All of them
declared that they had a delightful time,
and said that the contest was a most
unusual one. The fact that so many
non-contestants visited the building
Illustrates the point that all Washington
is in a manner interested In the com
petition. An orchestra gave a continuous eon
cert In the afternoon and evening. Dur
ing the day demonstrations of the ttS
player pianos on display were given.
Guests were served with the Velvet Kind
Ice cream, and W. D. coffee prepared on
electrical stoves furnished by the Na
tional Electrical 8upply Company. Nu
merous samples of manufactured prod
ucts advertised In connection with the
competition were given away. The Ad
vocate and his full corps of assistants
were on hand to show visitors through
the building and answer any questions
concerning the contest
Every contestant who registered was
given 100 votes. Every person not a con
testant wno caned at the home was
given fifty votes to cast for his favorite.
Hundreds of votes were cast during the
two days. This means an Immense
amount of work for The Advocate's ss
slstants. The votes have to be assorted
and recorded. Cards hsve to be filled out
for each contestant and filed away In
The Advocate's card Index aystem. This
work will require a Inumber of days.
Because of this fact It will be Impossible
to publish again to-day the relative
standing of the eontestsnts.
The list of contestants published last
week gave a good Idea of the scope of
the competition. Two solid pages of
motorcycle trip, on which they visited
Erie, Buffalo, Toronto. Montreal, and
New Tork City. They say they made the
entire trip without having any mechani
cal troubles with their machines.
Harold N. Hanold. of Alfred. Me., re
cently made a tour to Ohio, a distance
of about 1.200 miles. He made the trip
in five days and used only seventeen
gallons of gasoline.
Hugh A. Fargo and Harrison H. Craw
ford, of Atlantic City. N. J., are on their
way to San Francisco, traveling by mo
torcycle. It is not the desire of the
young men to make anj- record for speed
they are simply traveling: for pleasure.
BrazIL Ind.. Is to have a motorcycle
club. It Is expected that there will be
about thlrtj'-five charter members.
An economy race was recently run at
Falrbury. III.. In which one motorcyclist
rode forty miles on a quart of gasoline.
In order to ae time In his tour of
Inspection of schools. School Commis
sioner Frank Robinson, of Coldwater.
Mich., has purchased a motorcycle.
Motorcyclists of Inman, Kans . are or
ganizing a club. They desire to affiliate
with the F. A. M.
Dr. B. J. Patterson, president of the F.
A. M.. reports that in the recent Short
grass Motorcycle Club's run the riders
averaged about seventy-five miles per
gallon of gasoline for tingle machines
and sixty miles for twins.
HBXICAN REBELS
TAKE COAST TOWNS
Several Seaports Fall Into Hands
of Insnnectos Foreign
Residents Flee.
Mexico Cits'. Nov. 2. A great part of
the coast of the State of Guerrero Is In
the hands of the rebels to-night. Includ
ing the seaports. The foreign Interests
are appealing for protection to the gov
ernment through their diplomatic repre
sentatives. The rebels have seized large
quantities of arms and ammunition.
There are very few federals In the State.
The leadership of the rebels Is unknown
but the movement Is believed to be a
part of the recent Diaz uprising.
Foreign refugees are concentrating at
Apulco, where the two American cruis
ers are stationed.
Gen. Banquet's troops have been or
dered north again. In deference, it Is re
ported, to a request of the United States.
to better protect Americans in Northern
Mexico.
The revolutionary situation elsewhere
Is unchanged. The capital Is quiet It
is rumored that the government has en
countered difficulty In negotiating the
proposed new twenty million pesos war
loan.
U. S. Stands Ready
to Stop Disorders
Dispatches to tlte State Department
yesterday from the American Legation at
Havana Indicated that Gen. Menocal, the
Conservative candidate for the presi
dency, has been elected. Conditions In
Havana and the provinces were reported
quiet There still remains considerable
anxiety as tor how the verdict of the
voters will be accepted by the Liberal
partisans. If disorder breaks out In
Cuba, and assumes a menacing degree.
all Is ready for American Intervention
In the island republic It is generally
believed, however, that there will not
be the slightest cause for American
forces to proceed to Cuba.
The election of Gen. Menocal is re
garded here as most satlsfactoiy. He is
reputed In Washington as a business
man of the highest character, who Is
making real sacrifices In the Interests of
good government In Cubs. It Is under
stood that he la giving up a salary of
$30,000 a year to take the presidency.
The fact that he Is a man of consider
able private wealth Is regarded here as
Insuring the honesty of his forthcom
ing administration.
Little Hope for Mlsalna- Aeroaaatt.
8tutgart. Germany. Nov. 2. The bal
loon Dusseldorff, which started as an un
official American entry In the Interna
tional balloon race last Sundsy, Is still
missing-. In some quarters hope Is rap
Idly being lost that the Americans on
board. John Watts, of Kansss City, and
A. T. Atherhold. of Philadelphia, will be
found alive. It Is regarded as a certain
ty that the balloon was swept 'out over
the Baltic Sea.
IJL, J"... "?. '"""'P
CONTEST HOME
seven columns each were devoted to tha
namea of those entered m tbe.raotv X
study of these namea wOI reveal sosno
Interesting facta. It ahows that 801.
Washington has become enthusiastic orer'
'oeMe's proposition. All sectlona
of the city are represented, and each
seems to have about an equal number of
entrants. The coniMiiiit r nt n
r1atf and of sll ages. There are among
them young- men and women, boy and
gins, fathers and housewives. There are
among- them business men. clerks, gov
ernment employes, physicians, agents,
university students, school children. '
teachers, and In short, persons from
every walk of life.
One of the notable features of the
competition to the fact that oniv in.
dlvlduals are permitted to enter the race.
No organisations of any kind are al
lowed to enter. --This rule was formu
lated so that every contestant would b
on an equal footing. Every person hss
an equal chance. There are no powerful
combinations to fight Each entrant
knows that he Is competing with single.
Individuals: he realizes the justice of the
scheme.
A look at the awards on dlsnlav at h
contest home In Thirteenth Street should
be sufficient to convince any reasonable
person that the competition Is well
worth entering. A total of 350 awards.
valued at an aggregate of $23,000. are to
be given away by The Advocate abso
lutely tree to the winners of the race.
Many of these articles are now on dis
play at the contest home. Because of
the lsrge number of awards, it Is lm- '
possible to display all of them at once.
in order, however, that the public may
have a chance to see all of the articles
before the close of the contest tha
nwaras on display win be changed from
time to time. a)
The principal awards will be a $3,000
house and lot four $L250 tourinar ears
of the most modern design, four 8750
Baby Grand pianos, four 1825 player
pianos, and fonr $400 upright pianos.
PROBERS TO GALL
B. Foraker Asks that He Be
Allowed to Explain Stand
ard Oil letters.
HAT RECALL DEMOCRATS
Joseph B. Foraker. former Senator
from Ohio, has asked to be heard by the
aenaie committee Investigating campaign
funds. The committee will reassemble.
it is expected, on the call of the chair
man, about November 10. Former Sena
tor Foraker II1 be one of the first wit
nesses. He wrote, to Senator Clapp some
time ago expressing a desire to antear.
but not until after the election, and ex-
plain the Archbold letters written to him
by John D. Archbold and his replies
thereto. The Foraker letters were the
first sprung by William R. Hearst. It
tv as the first notice that John D. Arch
bold had that his letter file had been
ravished. These letters showed several
remittances of certificates of deposit
from Archbold to Foraker v.hlle the Sen
ator was still representing his Stste In
the senate. On the witness stand In tbt
present inquiry. Mr. Archbold explained
that the money was sent to Senator For
aker In payment for ieri .nf. .
itf- by Mr' Foralr to the Standard
uu company in connection with litiga
tion pending In the Ohio State courts
Another witness vho will be heard
soon after the election Is former Con
gressman Charles H. Grosvenor of Ohio
In a batch of letters recently published
by William R. Hearst, nrn.i .,,.- i.
shown to have received a certificate of
deposit for $1,000 from Archbold and to
have had other correspondence with the.
Standard Oil magnate. In one of the
letters Gen. Grosvenor asked "for em
ployment with the Standard on com
pany for a nephew. On the witness stand
in ine neanng before the Clapp commit'
" "' irenooia lesuned that he sent
the $1,000 to Congressman Grosvenor as
a contribution to the tatter's campaign
fund to aid, him In his race for re-election
to Congress.
To Recall Democrats.
Ex-Congressman Sibley, of Pennsyl
vania, whose name has figured in the
correspondence printed by Hearst, hss
asked to be heard and if he is able will
take the stand shortly after the elec
tion. William R. Hearst will also h
called to testify as to letters heretofore
published and as to other ammunition he
may have In his locker. It looks as If
the early days of the hearing Jutt after
election would be taken up with Standard
Oil letters.
Another phase of the Inveetiwatim. ...
lates to the Democratic r,mn.i e.i
of 1901. Since Thomas F. Ryan testified
that he gave $4oO.00o to the find that
year there Is a disposition among the
committee members to recall the officers
of the committee that tmf ne.,i,.
Thomas Taggart. who was the chair
man; August Belmont George F. Pea-
body, and possibly Judre Alton R. T.r.
ker himself, to explain why of all these
witnesses supposed to have hart inn.
mate knowledge of the campaign contri
butions none of them gave the com
nilttee Information about Mr. Ryan's
cvmnouuon. jr waa left for Mr. Ryan
in jimne me enclosure hlmteif. Certain
prominent Democrats have complained
to the members of the Investigating com-
mlttee that they want more Information
about what the expenditures of the com
mittee were. What were the debts that
Mr. Ryan testified he was compelled to
pay to save the Democratic party from
disintegration? Who were the creditors
who demanded their monev or the life
of the party? Thla line of Inquiry Is
likely to furnish one of the real sensa
tions of the Inquiry.
.
TRIES TO MAKE FORT.
Steamer Noreagta, Tewing Dasaasjeel
Skip, la Track of Monti.
Norfolk, Va.. Nov. t With a forty
mile northwest gale In her wake, tha
Norwegian steamer Noreuga Is endeavo3
Ing to reach Norfolk with the fuU-clgge
sailing ship Glenlul in tew.
The two vessels were In collision yea.
terday below Hatteras, and both war
badly damaged. The Noreuga had her
forward hatch flooded, and the Qlenhal
also took In considerable water. When
last heard from the vessels were seventy
five miles below Hatteras.
The Noreuga had thirty passengers on
board. She was bound to Jaexlco. The
revenue Cutter Pamlico1 Is .reported to
have cone to the assistance of the ships.
ana may taxe ore tne norsuaa a ;
FORM
SENATOR
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