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THE WASHINGTON TIMES. SUNDAY, SEPTEHBER 20: 1914.
.9 HEARING EL TAKE . UP EXPRESS RATES Alexandria Commercial Bodies Will Send Representatives to Richmond. ALEXANDRIA. Sept V Itepresenta tives of Alexandria's commercial bodies and several merchants v.ill go to Rich mond on Wednesday to attend the ses sion of the State corporation commission, which will take up the proposed changes in rates charged by the ex press companies operating in the State. Alexandria Is vitally interested in this, subject on account of the heavy ex press shipments from this city The question of increased rates 'or the express companies came before the commission last spring at which time a delegation of Alexandria business men men were present. At that time the express companies were not pre pared to submit complete tariffs show Inc all the proposed chances so that an intelligent study of the proposed in creases could be made by the rate ex perts of the various commercial bodies throughout the State. The commission will meet at 10 o'clock Wednesday morning, and several days will be devoted to the hearing. The prohibition campaign will cloe. tonight at the Methodist Protestant Church, when the Rev. C. R. Straus burg, leader of the dry forces, will preach a temperance sermon. The lat forty-eight hours have been busy ones for the prohibitionists. The meeting at the First Baptist Church last night was largelv attended. The speaker was Rob ert Glenn, former governor of North Carolina, and he made an effective plea for prohibition. This afternoon Con gressman Hobson of Alabama, spoke to a large audience at the opera, housa. 1n favor of prohibition. Services will begin In the Jewish Syn agogue, on North Washington street, to night at 7.30 o'clock, in observance of 'he, feast of Rosh Hoshanah. They will be conducted by Rabbi Richmond, of 'ho Hebrew College. Cincinnati, and will continue until Monday morning at 1 o'clock Mr. and Mrs. Justus Schneider, who have been spending the past three months in Germany, hae returned to their home in this city. James B. Lynn, fifty-seven vea-n old iZ North Columbus street, died yestT "ay at the Alexandria Hospital, ile nas taken 111 with pneumonia flv days igo. He had bern employed as a watchman at Ro'tmont His idow, our sons, and three daughters survhe. him The funeral will be tomorrow iftemopn, at I o'clock, from Whitley's ha pel. 'ire yesterdaj afternoon destroved a ftable in the rear of a house near the corner of Gibbon and Alfred streets A erdict was returned in fa"or of ie railway compam by a jury in the Corporation court jtsterday in the suit of the WashiTTton-Vlrginia Ri-'lway "Vmpar. against X. Lindsay & o i i i 9 I j I II ' II II 1 X 1 1 Grogans Grogan's Grogan's Grogan's Grogan's Grogan's Z X in S ii i IN LOCAL FINANCIAL CIRCLES The careful co-opratIon between 5ov omment. financial and commercial in terests of this country since the shat tering of the worlds credit system by tht great European conflict is beginning now to'evoHe trade mediums that nre alieady jlelding mateilal results The Federal Marine War Ili'k In surance Bureau has established rates at which American hulls and cargoes will be protected In transit to foreign markets. applications for policies mounting far into the millions have al ready been filed, ana man ioreign uu:n ships are registering and fling the Stars and Stripes at their mastheads. At the same time thai these steps for trantporting goods abroad were ueinu made, a number of large orders 'or American products have been placed by Euiopean countries. This war risk insurance is not to be a flat rate ncross the Atlantic The bu reau has prescribed a rate of ' per cent for cargoes between the United Slates, its possessions and non-belligerent countries of the Western Hemis phere, of 1 per cent for cargoes billed to ports in non-belligerent countries not north of Havre or east of SK'l'y. and 'l: per cent to other ports Meanwhile, though the bureau has heen in existence less than two weeks. applications for policies totaling VS.000, 000 on hulls an $1.6fV09 on cargoes have been filed. Tnder the revisea reeisiry in us twentv-four foreign-built ships, with'a total tonnage of l'W.SIO tons, have been registered, and customs collectors are acting on regWers for twenty- seven additional vesels. with a com blned tonnage of 105.360 tons. i Big Sales Abroad. Foodstuffs, particularly the grains, were the supplies which these ships were expected to bear, hut the foreign countries are also entering this market tor many other supplies which the clos ing of their factories to furnish sol diers has curtailed. Pittsburgh mills are now working overtime in an effort to turn out 6,000,000 horseshoes, which have been ordered by Russia and France. These shoes, packed Into 10) cars, with a complement of nails and toe piece", are to be shipped this week Other mTils In that city are preparing to fill a large order for Austria. Russia has likewise been maKing in quiries of American manufacturers with a vi aw in nlarlnir an order for 5.000 tons l of barbed wire. This material Is used j in constructing defenses, and would I probably be considered by Germiny and I Austria" as contraband ot war. l.arge shipments of wheat have been made durinir the nast week, and Chi cago traders were much surprised to learn Friday that France had made a heavy purchase of corn. In addition to these grain shipments, much flour has gone out of American ports'. Sev eral days ago twenty-eight carloads or Hour, or 8.700 barrels, were shipped out of Nashville. Tenn.. billed for European ... - Xn Arlao no liurif ov niv ui w v ... .. , But the warring nations ar not tlif onlv countries which ar coming to j America for supplies A few days aco much excitement and unusual curiosity t of New York when two representatives I of the governmtnt oi icemna appeared there to nurchas a oirgo of grain. These visitors, coming for the first time to market In the Fnlted States, had J chartered a large .Norwegian vessel, stocked it with fine wool and dried fish and come to barter They announced that the desired to sell their cargo and devote every penny of the proceeds to purchasing cereals. 3. their country was sorely in need of food supplies. Scandinavia Needs Food. TkA tAloriri rAnrAsentattvrs said that Denmark. Norwaj, and Sweden ilso were In need of foodstuffs, particularly The Furniture Story Grogan reliable qualities j Grogan liberal credit accommodation Grogan low prices reduced 15 to 50 This is the story of OPPORTUNITY, otherwise called our "September Furniture Sale." There are hundreds of bargains in the very latest goods added to our fall stocks. Purchases will be charged on open account at the reduced prices without notes or interest the divided payments more liberal than any other house will offer. Peter Grogan & Sons Co. 1 grains, and predicted that it would not be long befoie these countries would be i buying in large quantities in the Amer ican markets. To expedite the opening of the l.atin Ai.vrii-an trade fields. Sccretarv of I'ommeice KedfieM hav appointed a nuinbft of the niut prominent business j men. selected from all sections of the I country, to fn-op'iate with the com-1 mittec of the National Foreign Tri-1"! Council in working out plans for the I I expansion of this, trade John Carre't. director of the Pan-American I'nion.j Or Clarence V Owens, director of thei souirt-m nmmerciai .onKrcss, .urn .Fairfax Harrison, president of the Sou thern Raiiuaj Company, all of this city, weic among those named to sere by Secretar RedfieUI In the field of legislation the country lias been following most closely during the past week the progress of the pro posed war tax measure Having aban doned earl the suggestion of deriving revenue from income tax. the Pemo cratl leader.- likewise heeding the broad criticism ( the proposed levy .inon freight, abandoned it Now much criticlsm is being heard of the contem- plaled tux or banners ano "rotters ini"4M. adds another chapter to me of.tl.e cry is raised by financial Interests that" most remarkable financial transactions this is merely a result of the old ..ni- the history of the country, mosity to Wall Street Brokers have, When the European war broke out. not heen thrlvlnc recently, v.ith the stock exchanges closed, and their rur lent expenes continuing, and they moj arouse some sympathy That the bill regardless of its provisions. Is to meet with strong opposition is already as sured, the Republicans of the House having joined with those of the Senate in a determination to fight. President Wilson nas uecn mucn oc- cupicd recently with plans proposed for roughly In dollars bv taking the aver a cessation of the European hostilities. )' ae ,ate of exchange which is about But he has had other peace missions to' ft sj per pound. Remembering that tho perform here at home i nrotign nis er-1 forts the striking mine operatives or. Colorado have been persuaded to sub mit their claims to arbitration, and this week the rresident will confer with a delegation of tho operators. Rate Case Reopened. Another factor whicli would have a tendency to stimulate trade is the fact that the Interstate Commerce Commis sion has consented to reopen the East ern rate case A rehearing of the ap plications of Eastern railroads for a 5 per cent horizontal increase in rates has been set for October 19 The fact that the commission was willing to re open the case would indicate that they are of the belief that th roads have new evidence of the justification of their request to submit. That the railroads ire busier than they were during the spring and earl summer, however, is evidenced by the marked decrease in th" number of Idle freight cars The Pennsylvania Rail road Company now has less than W Idle cars, as compared with S,ono a few months ago. Burleson Has Plan to Save U. S. $20,000,000 A plan to save the Government and the country JWO.nno a year in the de llverr of rural malls has been advanced b Tostmaster General Buileson before the Senate Committee on Postoffices and Postroads The Postmaster Gen eral would make the rural free deliv eries b contract instead of maintaining the thousands upon thousands of sala ried empIoes for this work Strong opposition to the proposal was made In the committee, and members of the House are against it They recently voted increased salaries to the rural carriers. HOW CREDIT OF EW ws 10 Syndicate Carried Out Most Remarkable FinancialTrans action in America. Ni:V YORK. :?ept. 20. The issue of J10ii.0o0.oon fi per cent notes of New York city were offered to the publi" on Thursclaj at the exact price at which the banks and trust companies united to take them. They are offered by J. 1'. Morgan & Co. and Kuhn, Ixicl) & Co., throughout all the larger cities of the United States. This action, coupled with the transfer to Ottawa b J. P Moigan A Co of JMIO.Oip) and the deposit n't SeptL.nber 16 bj the participating nanks nnil tritRt romlinnlpti nf thu first llmt.lll- j ,llent of tno ,ln amounting to JR.-T.T.- the cit of New York found itself In an entirely unprecedented situation. Tlie citys short time indebtedness ina tu. ..ig abroad between September 1, IS. I. an January 1, 1315. amounted to approximately J80.000.000. This in debtedness, howocr, was not in dollars. It was In pounds sterling payable in London and In francs payable in Paris. The Indebtedness can only be stated city's contract with tho holders of Its short time notes was to I; ay down pounds in London and; francs In Pans, to per form that contract it must either get actual gold, send it to those cllics. in substance deliver this gold to the English and French authorities respectively and receive pounds and francs therefor and pay those pounds and francs to the creditors, or. If It dldl not want to ship the actual gold. It must buy exchange at the current rates. Influence of Exchange. Oi- August 1. 1314. however, the rate of exchange was between IS.00 and $7.00 per pound In London, which meant that If the city bought exchange to pay its deht abroad. It would require something in the neighborhood of J100, 000,000 to discharge an indebtedness which the- city had expected o dis charge by a payment of approximated JW.OOO.W. The effect upon the Individual and the aggregate prosperity of the citi zens of the United States If New York City should default In Its contract could hardly be overestimated The liquida tion of American securities by Euro pean Investors would be hastened if one of the premier American securities were In default. But. on the other hand, if European Investors saw that regardless of war conditions. American municipalities and corporations would live up to their obligations to the tot ter, the favorable sentimental effect would he of the greatest value to American business for all time to come. Comptroller William A. Prendergast went to J P. Morgan on the l0h cf August, and Mr Morgan advised him that the city ought to be prepa'ed to srnd the gold But to send JSO.OOO.'V") of gold to Europe would requlr- the co-operation of all the banks In New York City. It would mean a further depletion of the gold reserves of New York City at a time when those re serves were alread greatly reduced by the drain of gold to Europe Jtir'ng tin wick Imiupdialcb pieieding lie declaration of war Mr Morgan un- irrttiok to form h synd.cate of llf na tional banks. State banks and Lrutt (iimpuiiies in the clt Plan of Syndicate. 'I he plmi iiuol'. od two distinct con tiacts. first, a purchase b the syndi cate of illi.irti.fo 6 ici cent notes from the. city or N w York, the notes to ma tin in one. two. Mini three years, anil, set ond, an agreement to pa up to M per ictiil oi the pincnahe piue In gold Tne .New ) ork clearing house commuter took an actne and patriotic part, and within ii w days after the clearing lioue committee approved the plan, subscriptions had been received for 9S4 per cent of the total amount, the syn dicate manager. subscribing for tho icmainriei It was not until late Thursday even ing. September 10. that the municipal boards and officials had concluded all the necessary 'irraugenients. Between midnight and the following morning, notices to the 140 subscribing banks left the. Morgan offices. These, notices called toi payment on tho samo business day. Within twelve hours after the calls for tho money left the Morgan offices, J95, ooo.omi of the JlOO.wn.OOO had been paW in and the various papers delivered; and In three hours more th" en tire $l'i.nnn.nori hid been paid in and tho transaction closed On Wednesday the first call was made upon the subscribing banks for the gold. This gold was taken to the office of J. P. Morgan A Co. and the checks delivered to the subscribing banks. Tha syndicate managers arranged for an advance of gold, which went forward to Ottawa in two shipments, on on September H. the other on Wednesday. ROCKVILLE. A mall pouch containing mall from., Washington. Baltimore, Philadelphia, and other Eastern points is supposed to have been stolen after It was thrown from an early train here yesterday, and postofflce inspectors re investigating. The pouch contained many checks for the two Rockvllle banks and the county commissioners, but not much cash. About three weeks ago a pouch thrown from the same train was stolen. It contained about J300 In cash and checks and money orders for approxi mately $15,000. The pouch was later found In the woods near here, and many of the checks and money orders recov ered. Postofflce inspectors have since been at work, but, so far as known, no clue has been discovered. That the two rob beries were committed by the same per son or persons is generally believed. The train from which the pouches were thrown reaches here about 3 o'clock In the morning. Mayor and Mrs. Lee Offutt, Mrs. John Maddox and Misses Elizabeth Maddox and Helen Brunett returned a few daya ago from an automobile trip to Xeonard town. Md. Mrs. Ralph Kimball, of Washington, spent several days in Rockvllle during the week at the home of her parents, Mr. and Mrs. John M. Heagy. Mrs. Ellen Armstrong has returned to i Rockvllle after spending several weeks visiting relatives at St. Paul, Minn. ' Mr. and Mrs. William R. Pumphrej And daughters. Misses Mary and Amy I Pumphrey, have returned from a stay , of two weeks at Atlantic city I Governor Goldboro.ugh hail commis- j sioncd Arthur W. Slmonds of Kcnslng-! ton, and Joiin Thompson, it Xorheck, a forest warden anil game warden rc cpectlvely , The biweekly meeting of the Rock-, llle Inquiry Club was held at tho home of Mrs Henry L. Wells The program , included a paper on "Efficiency," by ' Mrs Otho H W. Talbott. and other features. Refreshments were served J. N, WILLYSBOOMS BUY-A-BALE PLAN Automobile Manufacturer Pur chases Cotton for Each of 400 Southern Dealers. TOLEDO. Sept. 20. In an effort to further the national campaign recently started to better business conditions In the cotton belt or the South. Joh.i N. Willys, president of the Willys-Overland Company, has purchased a bale or cot ton for each of the 400 Overland dealers in that section of the country. Mr Wills also has declared his Inten tion of buying an additional bale of cot ton for each Overland car purchased during th'e two months ending Novem ber 17. Armour & Co. have purchased 700 cot Open at 8:4$ A. M. "It PAYTO CfWkL SEVENTH AND iivlQIIBSHft Store Closed Monday On Account of Holiday The new Fall-Winter campaign will be for mally opened Tuesday, Sept. 22d, with many im portant sales of fresh, new merchandise. See Monday's Star and Times for the impor tant details. Plan to make Tuesday your shopping day this week the many exceptional values offered in everything needed for the home and personal use make it well worth your while. Tuesday we bring forward new lots of Furniture from tlie Jackson stock at prices that command prompt attention of thrifty home furnishers. See our advertise ments in Monday Star and Times for particulars. r 817 to 823 Seventh ton bales for their Southern-.-agenls. The I'ill3bur- ashburn Flour Com pany and many other concerns of na tional prominence have bought a bale for each of their Southern agencies. "The plan Is to have every American who can afford It purchase a bale of cotton at 10 cents a pound." says Mr. Willy In explanation ot the idea. "We are simply doing our share toward In creasing the value of our country's product. Although the cotton crop this year has been enormous, the outbreak of war cut off a large part of the world's market. After the war the factories abroad will reopen, and the looms will be worked continuously to supply the great demand for cotton goods. Prices of cotton will soar and the South will again be prosperous. Citizens who buy cotton now are benefiting themselves and the business of the country." Revolver and a Dagger His Preparation for War NEW YORK. Sept. 50. When arraigned- in Morrisanla court on a charge of carrying concealed weapons today. Lugi Belmontl, a young Italian, twenty-three years old. explained to Magistrate Ten Eyck that he was preparing himself, in caSA Italy went to war. Ho. was held In $1,000 ball for trial. He carried a revol ver and five-Inch dagger. Close at 5:30 P. M. AT XaOUXNBitfe&V "THE DEPENDABLE STORE" " Break Policeman's Nose And Rescue Prisoner Policeman Waller of the Second precinct..-fell victim early this mornlnic tc a sortie of colored men who rescu ed an unknown prisoner from his Krasp. In a general n.clee that followed the skirmish. Toliceman Walter had the bridge of his nose fractured, and lost his revolver. The policeman haJ taken an unidentified colored man to the box at Fourth and N streets north west, when & line of skirmishers ad vanced. He waved them away, bjit with scant warning; the policeman found, himself the' center of a mael strom of flying; feet, firsts, and missies. He lost his prisoner and had to be taken to Homeopathic Hospital for treatment. (I'hoto by Buck. I A. WADE WELLS Mr. Wells Is the General Manager of Bradtord's- Detective Service, ot Washington D. "C. While a law student and in th? IT. S. Government Service, stationed, at Fort Monroe, Va.. during th Jamestown Exposition, he was as signed to Morgan Bradford. Jr.," Chief of the U. S. Detectives at that place. His efficiency so impressed Mr. Bradford ttjat he offered him -a position, in his Private Detective Service. Mr. Wells resigned from the Government and accepted In Sep tember, 1507. In one year he became" Manager and quite recently. General Manager, and has been appointed a Private Detective under sections iZr to 430,' Revised Statutes of the U. S.. by the Honorable Commissioners of the "District of Columbia. Mr. Wells has retained his legal residence In Zanesvllle. Ohio, and is quite active in politics In the 15th District. He is also a member of the Wash ington Chamber of Commerce and has been licensed a Private Detec tive by the Board of Police Commis sioners of Baltimore. Md. BRADFORD'S Detective Service Licensed Bonded Southern Building i '-lHHMhk';'.!jiVB ' H:B?H 1K& :r3-'- B ; St