Arizona republican. [volume], October 15, 1917, Page PAGE TWELVE, Image 12

About Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930

Image provided by: Arizona State Library, Archives and Public Records; Phoenix, AZ

                
VAGX: TWELVE
niK ARIZONA REPUB1 JGAN. .MONDAY MOKNING, OCTOBER 15, 1917.
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AR ZONA MEN
STOCK III 1ST
IlT'FOR THAT
FI PAVILII
PACKARD
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Banks Not Re
to Charge Down
High Grade Bonds to Ab
normally Low Prices
The rush to sell high grade securi
ties in order to reinvest the proceeds
in Liberty Bonds, haB caused an undue
and abnormal shrinkage in the quota
tions of many such firse class securi
ties. The comptroller of the currency has
come to the aid of holders of such se
curities, and in an order to national
bank examiners, has directed that they
do not charge down uch high grade
securities in the possession of such
banks to the present abnormally low
quotations.
In a telegram to Jesse L. Boyce, Ari
zona bank comptroller, the comptrol
ler of the currency yesterday issued the
order in this state which is to stand
until the immediate causes- of the
shr inkage are removed and the securi
ties return to their real value.
The, telegram is as follows:
State Auditor and Bank Comptroller,
1'hoenix, Ariz.:
Owing to the efforts of holders, of
securities throughout the country, but
especially in the east, to dispose of
ihem for the purpose of reinvesting
their proceeds in Liberty Bonds, and
also because of other special reasons
operating at this time, there has been a
heavy shrinkage in the market quota
tions of many high grade investment
securities which have been forced down
to prices far below their intrinsic worth
and below figures to which naturally
they may be expected to return upon
the restoration of normal conditions.
This depression temporarily has cre
ated a degree of uneasiness which is
not justified by basic conditions. For
your information, I annex hereto a copy
of a statement which this office today
is giving to the press for publication
in Monday morning's papers. The
statement is as follows:
"After the outbreak of the European
war in 1914 the comptroller of the cur
rency instructed national bank exami
ners that national banks need not be
tequired to charge down the values of
their high grade bonds to meet the ab
normal and sacrifice quotations which
for a while were being made on the
outside market, the stock exchanges
being closed, on securities which at
that time were being thrown overboard
regardless of real worth. This office al
so earnestly endeavored to prevent the
sacrifice by national bartks, while the
exchanges were closed and there was
no general market for securities, for
l'omis and shares held as collateral for
customers' loans.
"The policy pursued proved fortunate
at that time. After the first pressure
was over and money conditions relieved,
h security market was re-established.
The grave losses which were threat
ened by the temporary shrinkage in
values were averted and borrowers
from banks were enabled to meet their
obligations without the sacrifice of the
collateral.
Since the commencement of war be
tween this country and Germany, there
has been - heavy depreciation in the
quoted values of securities generally,
including those of the very highest
grade which have heretofore found a
ready market in competition with gov
ernment issues and in many eases
prices have shrunk to figures which are
manifestly far below the prices which
would prevail under any normal condi
tions. This shrinkage or marking down
of values is partly due to the efforts of
investors to sell other high class secur
itie for reinvestment in government
bonds.
"In view of all conditions, the comp
troller of the currency has instructed
national brink examiners that thev need
Newspaper'
IlilllliiCTiiiiall1
National
quired
f i r
Six Thousand Will Go From
Uncomfortable Kansas'
Cantonment to California,
Is Order of Gen. Wood
Admitting that conditions at Camp
Funston are not of the best and that
the men stationed there are not com
fortable. General Leonard A. Wood has
informed Governor Thomas E. Camp
bell that 6,000 troops from Arizona,
New Mexico, and Colorado will be sent
to Linda Vista, Cal., as soon as Camp
Kearney is ready to receive them. This
information came to the governor yes- '
terday in the form of a telegram from
General Wood replying to the sug
gestion of the executive that if possible
the Arizona troops be removed to Linda
Vista where the climatic conditions are
more nearly like those of Arizona than
they are at Fort Riley. -
When the last contingent was about
to leave for Kansas, Governor Camp
bell took up the matter of permitting
the men to carry along extra bedding.
Word had come to him that the men
already there were uncomfortable from
lack of sufficient blankets, although
they had been promised additional bed
covering as soon as it was available.
As a result of the efforts of the gover
nor an order was issuing allowing the
men from Arizona to carry two blank
ets as part of their equipment.
Since then further complaint of the
conditions at the camp have been re
ceived here, and then the thought oc
curred to Governor Campbell that the
men would be more comfortable if re
moved to California,
"Six thousand Colorado, New Mexico
and Arizona troops will be sent to Lin
da Vista as soon as Camp Kearney,
Cal., is ready to receive them," reads
General Wood's telegram to Governor
Campbell. "Details are now being ar-
ranged, and I anticipate troops referred . continue her efforts until she has
to will be removed before severe praised at least $1,000 in this manner,
weather sets in. This camp is not i As a starter, Mrs. Palmer has sub
comfortable, but so far there has. been! scribed for bonds amounting to $100.
little sickness." I Mr. John J. McLoone, one of Mrs.
In addition to the satisfaction felt palmer s appointees on the committee,
over the fact that the men are likely! has subscribed $"0. The other mem
soon to be in training in a climate less i bers of this committee are Mrs. Willard
rigorous than that of Kansas at this' Smith and Mrs. W. O. Sweek. They will
season of the year, the governor is
also, pleased to learn of their early re
moval to California for he believes this
is but the forerunner of the ultimate
consolidation of the Arizona selected
men with the members of the First
Arizona Infantry which is soon to be
sent to Linda Vista. It will mean that
the Arizona men will not be scattered
among various units, but will go for
ward as a solid body from the newest
state. This is the end 'so long sought
and one which the men themselves will'
welcome.
JOFFRE DINES WITH PERSHING
Iheuuoiican A. Leasea Wire)
AMERICAN TRAINING CAMP IN
FRANCE, Oct. 14. (By the Associated
Press.) Marshal Joffre arrived at the j
American field headquarters this even
ing and dined with General Pershing.
He will review the American troops
tomorrow.
not at this time require national banks
holding high grade bonds of unques
tioned intrinsic value and merit to
charge such investments down to pres
ent abnormal figures, but an intelligent
and conservative discertion will be ex
exercised as to the prices at which na
tional banks can safely and reasonably
be permitted to carry such high class
securities and as to what proportion of
the depreciation should be charged off
in any six months' period."
John Skelton Williams, Comptroller.
Do not wait 'till tomorrow phone
that WANT AD to The Republican
office now, and get your wish fulfilled.
The Dealers
Have
Answered
Mr. Manufacturer!
Mr. National Distributor!
Mr. Advertising Agent!
... .... , i 4 .
you frequently ask the question: "What kind of advertising
interests the local dealer?"
The merchants in this and 400 other cities of North America
have answered your question this week. '. - "
They haveput the goods in the window and have told you
why they have put them there. ' ' r
The products they displayed were all newspaper adver
tised products. ' ' '' '.'"
They chose these because they know it pays stoi'e-kcepers
to cooperate with newspaper advertising. ; . '
They want to encourage more manufacturers to use adver
tising in the daily newspapers.
Manufacturers and others interested in the results of Inter
national Newspaper Window Display Week are invited to
write to the Bureau of Advertising, American Newspaper
Publishers Association, World Building, New York.. ,; ;
THE ARIZONA REPUBLICAN
Red Cross Committee Plans
Campaign to Aid Govern-
ment and St. Josephs;
Banks Will Cooperate
St. Joseph's Hospital must be rebuilt
aR(j the new Liberty Loan Bonds must
be sold. How to accomplish these two
things at one time is the problem Red
Cross committees are now endeavoring
to work out. And in this these commit
tees already have been at least par
tially successful.
Realizing that many citizens when
made aware of the dire need of a mod-
ern hospital will ultimately subscribe
sums within their means in order to
bring this about, the Red Cross has de
cided that those engaged in promoting
this work can readily negotiate the new
four per cent Liberty Bonds. And so
they have begun a campaign looking to
the purchase of these bonds, which in
turn wity be placed in the hands of the
Sisters of Mercy to aid them in their
work of restoring St. Joseph's Hospit
al. They have ascertained that these
bonds may be handled through banks
as collateral security for notes at their
face value, these notes to draw four per
cent interest. This, together with the
four per cent the government will pay
on the bonds will net the banks the
usual rate of interest on loans.
It is pointed out that the turning
over of Liberty Bonds to the sisters or
to the contractors will mean that a
loan equivalent to the amount of the
subscriptions will be obtainable at four
per cent during the life of the bonds
and no principal to meet on the part,
either of the subscribers or the bene
ficiaries. Mrs. E. Payne Palmer has been
named as chairman of a committee to
present the matter to the wives of phy
sicians. She has agreed tnat she win
begin work in earnest today and expect
to have reached the $1,000 mark within
a short time.
Another committee named to canvass
nuises and former nurses is headed by
Mrs. Win Wylie as chairman. This
committee also expects to raise $1,000
for the hospital and incidentally to ad
vance the sale of the Liberty Bonds to
that extent.
That the hospital will secure ample
funds is the belief of all interested in
the welfare of the institution, but these
funds will not be forthcoming without
hard work. An individual subscription
of $1,000 already has been made, in this
instance voluntarily and without solici
tation. It comes from u. . u car
roll, a rancher living north of town. It
was Mr. O'Carroll who gave to the hos-
Dital the two lots adjoining the main
building where the nurses' home since
has been erected. He had been a patient
at the hospital some years feo and was
not expected to live. But he ultimately
recovered and in gratitude for the
many kindnesses shown him while ill,
Mr. O'Carroll deeded the lots to the in
stitution. Today the hospital owns the
entire block with the exception of a
sintrle lot
: The Maricopa County Medical So
ciety is bending every effort in the
work of securing the needed help for
the hospital, and in this connection it
is announced that every business and
profession is to be organized shortly and
the work of obtaining subscriptions car
ried on systematically. One of the most
important pledges made- is that of Dr.
v. Pavne Palmer who has quietly an-
"ned
thflt he will rmnncate cne
Commissioners Say Live
Stock Men Are Entitled to
Building, But the Funds
Not Available This Year
After a long conference . Saturday
between Secretary Zachau of the
state fair commission and a repre
sentative assemblage of prospective
live stock exhibitors at the fair, dur
ing which a great many problems of
special concern to all were exhaust
ively discussed, a perfectly harmon
ious compromise resulted by which
the cattlemen are to be provided
with a Swelldorf-Cowstoria boarding
house on the fair grounds and aie
to wait another year for the con
struction of the handsome crystal
palace exhibition hall they not only
need but are entitled to have.
The importance of the cattle in
dustry to the state and to the state
fair is a matter of common knowl
edge. Every state fair management
has appreciated this and has sought
to do everything possiole to encour
age the cattle exhibitors, with the rt
suit that the cattle department lias
grown from year to year, faster even
than the fair management has been
able to keep pace with. That hos
been in a measure true of every de
partment for state development is
increasing faster than stat capital
to e.cpioit it.
It is expected that there will be not
less than 500 head of show cattle at
the fair this year. The exhibitoro
feel that they should be provided
with a pavillion, arena or show
building with ample seating capacity
where the public could sit in com
fort, protected from sun or rain if it
should occur, during the judging of
the animals in the different classes,
and not have to go strolling aloiife
the cattle sheds to see the stock any
more than the- racing patrons do the
race horses. As one of the big fea
tures of the fair the cattlemen feel
that their exhibits, at least one class
at a time, should have an opportunity
of assembling before an audience, to
say nothing of better conveniences in
judging.
In this contention the fair manage
ment is in full agreement and would
gladly give the stockmen all they ask
for. but for the fact that to properly
construct such a building would cost
a lot of money, to construct A tn
any other way would be a disgrace,
and funds for the purpose are abso
lutely not available this year. Be
sides, there are othpr things the cat
tlemen want also and are equally en
titled to have. One of them is a mess
hall. With many exhibitors and each
with from one to a half dozen men
employed in caring for the stock, it
is next to impossible for them to
walk a half mile to the other end of
the grounds, join with, the army of
fair visitors in fighting for position
at a hot dog Joint, get their meals
and get back again without too great
a loss of time. If they take a turn
about somehody is always gone when
wanted and if they all go at once the
situation is even worse.
To demonstrate that there was a
better way, the exhibitors last year
jrganized a mess and fed themselves
with most satisfying results. They
were furnished a tent for dining room
and kitchen, framed up some crude
equipment and hired a cook. Those
who wished furnished butter, milk,
eggs or whatever they had, suitable
for the mess, and were paid for il
at market prices, then each and all
employed in the cattle department
boarded at the mess tent, employers
buying tickets for their men. At
the close of the fair they figured up
the cost of the week's run arid found
It was just ::4 cents, each one paying
for the meals he had eaten and thus
paying all bills, all getting their meals
at cost.
The hope, then was that this year
the fair would not only build them
a fine show pavilion but a permanent
structure for a mess hall. But the
building of a new minerals building
ind the remodeling of other struc
tures made this impossible, hence the
ontiKfitctory compromise referred to.
The mess hall will not be an archi-
ectural dream or supplant the hotel
business of the city hut it will be
-ommodious, comfortable, fly proof,
clean, neat and permanent, a good
enough place for anybody to ent, and
will be about 20x40 equipped with
range, cooking utensils, etc. It will
be operated on the same plan as last
ear bv the cattle men themselves
'"ho will hire Jheir cooks and stock
the pantry as they Wish, and feed
ench other at cost.
greatest individual subscription made.
Mrs. C. Ainsworth, actipg in be
half of the Red Cross, is spending
much time in furthering the work of
the committees which have undertaken
the work of securing subscriptions for
the hospital through the Liberty liond
route.
1
AMUSEMENTS
' v : 'j
"The Barrier" at the Hip
Just as "The, Spoilers,"-Rex Beach's
first story done in pictures made his
tory, so has'The Barrier," at the Hip
in its second Phoenix engagement. No
writer of contemporary fiction knows
his people so well as Beach, for he se
lects his theme from some locality he
visits and studies his types before
starting his writing. "The Barrier" is
styled a story of "the last frontier,"
and no history Is , more fascinating
than that of the making of a new
country. The primitive call is in most
of us. and to the oooped-up dweller in
the- cities it finds expression only in
viewing some great work like "The
Barrier," where red-blooded men and
strong women enact their roles mid
primitive surroundings. .,The wonder
ful character of . Poleon, "the beloved
vagabond of the north," has perhaps
never had an equal in current litera
ture, and as the foremost critics of the
country have reiterated, this man
plays the rollicking half-caste French.-
mnn as nnlv Rv Rpnnh rmilri have
asked had he known the actor when'
he wrote the book. "The Barrier," I
presented as it is at regular housf I
prices, served yesterday as a wonder
ful magnet at the little Hip, and today
finishes its engagement. It will be fol-1
owed by Madame Petrova in her lat
est,, "To the Death," a problem story.
' "They're Off" at Columbia
David Bennett In "They.'re Off." a
Triangle play of southern locale with
a racing scene as the pivotal climax,
will be shown for the last time at the
Columbia theater today.
The big moment of the picture comes
when the little star dons Jockey habit
Twin Six Roadster, Run 2900 Miles,
Perfect Condition, 5 Good Tires,
Guaranteed Like New. At a Great
Reduction From List Price.
USED CAR DEPARTMENT
8 W. Van Buren St.
and rides Satan, her father's horse,
in a race, the outcome of which is hap
piness for her.
An added reel of great interest to
day is the "Current Events," giving us
the real live' news of the world first
shown in l'hoenix. The comedies are
good. Tomorrow a new show with
Bessie Harriscale in "Wooden Shoes,"
a romance of old Holland.
The Columbia theater has just closed
contracts for the greatest picture ever
produced of its kind. "Twilight Sleep,"
which will be shown at that theater
next Wednesday matinee to lafiies
only. This subject will be lectured by
an experienced physician who knows
what she is talking about. This is a
matter of great importance to expect
ant mothers, and no doubt every wom
an in Phoenix will avail herself of this
opportunity. No men or children will
be allowed. Girls will be admitted
when with their parents.
"Eyes of the World" Coming
"The Eyes of the. World," the most
beautiful romance ever filmed, will be
seen at the Columbia theater next
Thursday and Friday, two shows at
the matinee and two shows at night.
The production has been revised and
cut down to seven reels of action,
making it more Interesting through
out, .lane Novak as Silbyl Andres,
since the production of "The Eyes of
the World." has become a noted star.
Monroe Salisbury as Conrad Legrange
Uas just closed contracts with one of
the large producers and will appear in
special features, and Jack McDonald
as Edward Taine, the paralytic, will
soon be seen in another big production.
Harold Bell Wright, the author, is at
work now on another story that he
promises to be greater than anything
he ever attempted. There ore many
great points of interest in "I he h,yes
of the World," and no doubt everybody
will take advantage of the low admis
sion this year by attending this show
ing. Virginia Pearson at the Lamara
Today offers the last opportunity to
witness "When False Tongues Speak,?'
the William Fox production at' the;
Lamara, in which beautiful V lrginia
Pearson is seen in the lead. At last
a mystery play has been produced in
which the mystery lies not in what it
is all about, but in a logical series of
events arranged in a well developed
manner. The happenings running i
through the story all go to make up
the mystery and the action is as clear
as can be. Mary Page Walton (Vir
ginia Pearson) married to a worth
less scamp, learns that he is posing as
a single man to win the love of an in
nocent girl. In the complications
arising from the wife's discovery of his
perfidy, she is prevailed upon to seek
a divorce. This she refuses to do and
seeks happiness in endeavoring to
lighten the burdens of the poor in the
slums. In the settlement she becomes
acquainted with a newspaper reporter
who is highly interested in her work.
The husband starts suit for separation.
Complications follow thick and fast
and in the end the guilty one who is
the least suspected is brought to jus-
OLUMBIA
FEATURES
Last Time Today
ENID BENNETT
iky're Off"
Great Race Track Story
Keystone Komedy
"SHE NEEDED A DOCTOR"
Added Today
CURRENT EVENTS
: Latest News
Scenes of Old Spanish Mission
Southern Cal.
BESSIE BARRISCALE
In
"WOODEN
SHOES"
Wednesday Matinee Only
Ladies see
"TWILIGHT
SLEEP"
Showing the Actual Birth of a Babe
Arizona's Largest Theater Pipe
Organ .
tice. Tomorrow Marguerite Clark will
be on hand in "Bab's Diary," the fam
ous "Sub Deb" stories of the Saturday
Evening Post brought to the screen.
Famous Jap Actor at Empress
Sessue Hayakawa, the celebrated
Lasky star, will be seen for the last
time this evening at the Empress in
"Each to His Kind," the Paramount
picture in which he appears in his
most famous characterization, that of
an East Indian. "The East is East and
the West is West" was never more
vividly portrayed than in this thrilling
drama. The scenes are laid around
COLUMBIA
FEATURES
Next Thursday, Friday
HAROLD BELL WRIGHTS
"The Eyes
of the
World"
Great Novel
Special Music
ALL SEATS 25c
Author
THE SPOILERS
Most stupendous picture ever of
fered at house prices
PATHE NEWS
Tomorrow
PETROVA in "TO THE DEATH"
Coming
THE EASIEST WAY
Elks Theater
ED REDMOND MUSICAL COMEDY COMPANY
With the Popular Prima Donna MISS MYRTLE DINGWALL
Presenting the Fantastic Musical Revue
"3000 YEARS AGO"
Twenty Whistleable Song Numbers
JOY 99 JOY
Matinees: Wed., Sat. and Sun.
FRIC.ES: . Matiness, 15 & 25c; Nights, 25, 35 & 50c
mo.
me
unit
MA.WYKU.. ttilii toniiv car
PRKMIKR--I'KltK is a flue bier car
miim ami liaht. Jmt the thing
iirfi.iv :u. best uffer tsnes it.
tll.T--. jl., 7-pas). 1
ffitrtr tup. cui-utit, etc
ok" in both rot r and six -
M.!K) WHIi it CARRY BBilUK
TK AM) Willi II WILL' BK WU AT
tmirt 1
SB: green, iwm ..rml-Vi.tori.i tili wfcli (UK I
. cLi-i JSiKt ov
c m- t i v
STtDF.BAfcER. IT Serifs tooling. BeanishM
"i - -h""- imVr0
HERE IS THE OFFER
Newly painted F' tMpb.ikcr now in McArthur Bros.'
paint department, with newly covered top, for JC75.
A good car at the price of a very cheap one. It
Is in guaranteed mechanical condition, has four
good tires and a spare one, extra tube, tc. You
will have no extias to buy if you buy this car.
If interested please telephone 'after 5 p. m.
M. E. HALL-4433
one of the famous old colleges at Ox
ford and in the heart of India, the
plot being built around an East Indian
nobleman who comes to England to
receive his education. It is a won
derful subject masterfully handled.
Tomorrow opens the engagement of
the initial attraction on the Goldwyn
program, Mae ilarsh in "Polly of the
Circus." Although one of the latest
before the public there is no more
widely known offering, and judging
I from the advance interest manifested
, in the city this will prove the banner
i attraction nf the season.
LAMARA
' Arizona's Largest Theatre Pipe
Organ
Last Time Today
Wm. Fox Presents
VIRGINIA PEARSON
In
"WHEN FALSE TONGUES
SPEAK" '
Tomorrow
MARGUERITE CLARK
In
"BAB'S DIARY"
The "sub-deb" stories in The Satur
day Evening Post
EMPRESS
The Perfect Picture Temple
' Last Time Today
SESSUE HAYAKAWA
In
"EACH TO HIS KIND"
A Thrilling East India Drama
TOMORROW
MAE MARSH
In
"Polly of The Circus"
The Classic of the Big Tops '
Coming
"THE HONOR SYSTEM"
10 reels
Brandon Bros.,1
Lessees and Mgrs.
Phone 717
TONIGHT
TJief
1MB m
DODG& Id.
FtUNKMN
SIM
with
ft
I am offering a
Studebaker early
17 series, just as
good as either of
these cars adver
tised in Los An
geles at $895 and
$935 respectively.
I will sell my car
a 7-passenger
touring model
$675
Cask cr terms
HBO. IBIS:
hbk:
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tlicw c
unequal
cvunokr
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.123