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f EXHIBITFORSTATE in Proclamation He Asks Co-Operation of People for Building at San Francisco Montgomery. July 30.—(Special.)—De- j glaring that the completion of the Pan- j ama canal will tend to produce great ft’OhsibilitieK of “business. agricultural, industrial and professional progress in Alabama," and commending the method adopted by the Alabama commission to secure funds with which to erect a build ing and gather together an exhibit at the Panama-Pacific International exposition, the governor of Alabama today issued a proclamation in which he called upon every patriotic citizen to aid the commis sion in its labors. The commission was appointed by the governor several months ago, and various methods have been devised by them for raising funds to secure a proper repre ' st ntation at the big exposition. The ; method adopted by the commission to which the governor urges all persons to lion is bv tbe sale of bronze medallions, w hie hthe governor urges all persons to purchase. Governor’s Proclamation Following is his proclamation; "Tne legislature of Alabama failed to make any appropriation for the erection of a building and an exhibit of the re sources of Alabama at the Panama-Pa cific Intel national exposition, to be held at San Francisco, Cal., in 1915. "Impressed with the importance of ad vertising our resources at this great ex I position, whose international character n and importance is universally recognized, 1 heretofore appointed a commission or distinguished citizens of Alabama, who voluntarily consented to devote their time and energies to securing the necessary funds wkn which to construct a proper building and gather together an exhibit of our varied resources. s “This commission has just addressed me a letter in which they use the follow ing languagt : , “ ‘The commission heretofore appointed ! by your excellency to raise funds for erecting a building and making an ex hibit of tlie resources of Alabama at the Panama-Pacific International exposition at San Francisco, in ^15, have adopted the following as one of the methods of laising funds for that purpose, viz.: We have adopted as the Alabama official souvenir a medallion, the size of a sil i ver dollar to be made of bronze, on one side will be a reproduction of the great seal of Alabama, and on the other side the following inscription, viz.: •Alabama at the Panama-Pacific International ex position. San Francisco. 1915.' Attached ( hereto for your in formation is a proof 1 of the print of said souvenir, showing the general appearance of same. If consis tent with your views we will thank you as the chief executive of the state to l issue a proclamation setting forth the fact that there is no legislative appro ; priation for the purpose of making a 1 state exhibit, the importance of arrang ing for an appropriate and adequate rep resentation of tills state at this great exposition, adopting the medallian above described as the state Panama-Pacific exposition, adopting the medallion above ^people of tlie state to purchase these me dallions at $t each, the price fixed by the commission for the sale of same, to aid in raising a fund for making a cred itable exhibit of the matchless resources of this great state at this great expo sition. The Panama-Pacific exposition opens at San Francisco February 20, 1916. and closes December 4, thereafter. 4 ‘It is the third exposition of its class held in the United States and the twelfth exposition of its class ever held in the world, and will be t lie greatest exposition ever held in the world, marking the beginning of a new era in civilization. It is the official na tional and international celebration of tlic opening of the Panama canal, the greatest physical achievement in his tory, the completion of which will open up to Alabama opportunities for growth and development undreamed of in the past. Tiie commerce of the world will jiass by our door. Mobile will at oi*oe ’become one of the most important ports in the south, and Alabama will, if we avail ourselves of opportunities pre sented. become the hub of tlie greatest development ever witnessed and receive more benefits from the opening of the Panama canal than any other state in the union.’ "I. therefore, in accordance with ilie request of the said commission, issue this, my proclamation, approving the method adopted by the commission to set ure funds for proper representation of the state and urge every patriotic citizen of Alabama to aid the commis sion in their efforts by the purchase of the medallion which will bo adopted as the state Panama-Pacific exposi tion souvenir. IT fully concur with the commission the statement that with the com tion of the Panama canal there will no limit to the possibilities of busi es. agricultural, industrial and pro sional progress in Alabama. 'On account of our continuity to the r.ama canal, with a magnificent har r on the gulf at the mouth of two of * greatest rivers of the state, the rt of Mobile will be the gateway of immense commerce. ‘The state cannot afford to fail to te advantage of this great opportu y to make ah adequate showing and Mbit of her resources, and I there e urge ail patriotic citizens who ve at heart the Interests of the state give their cordial aid and co-opera n to the commission In their laudable orts to secure the necessary funds • the representaton of the state at s great exposition. ‘In testimony whereof. T have here to set my hand and caused the great il of the state to be affixed at Mont mer.v, this July 30, 1914, A. D.” LETTERS TO EDITOR Richardson Not a Mason the Editor of The Age-Herald: Noticing in the paper of today the itement of the capture of Bert Rich Ison of Cordova, for the murder of liceman Monroe Butt, and note his rh standing in the Masonic order re, I beg to say that the Masonic or r has been done an injustice at Cor va, as he was not a member of Cor va lodge, nor do we know that he er was a Mason, as he never visited affiliated with Cordova lodge, A. F. A. M., and in justice to the Masonic iternlty, will ask that this correction made In your next issue. Very truly, J. 8. GARRETT, SR., W. M. Cordova, July 30, 1914. >ld Negro For Helena Authorities 3du.s Williams, a negro, was arrested it night by Detectives Daly, Darnell d Goldstein and placed in the city jail, is alleged that Williams is wanted in dena on a serious charge. iething Babies CFER IN HOT WEATHER USE WiKlow’sSoitluigSyrap •LENDID REGULATOR Y VEGETABLE—NOT NARCOTIC LARGE ATTENDANCE I AT ORPHANS’ OUTING Tennessee Co. Team Wins Ball Game—Other Con tests Amusing Ideal weather brought an immense crowd out to the fair grounds yesterday to attend the annual outing given by the Jefferson County Orphans' association, the proceeds from which arc devoted to the home at East Lake. fV number of things were conducive to an unusually large attendance. Yesterday was a half holiday given employes of the stores In the city and they came out in great numbers to witness the hall game and to dance. One of the most enjoyable features of the day was the ball game between the Tennessee company team and the team of the Birmingham Railway, Light and Power company Young Men's Christian association, which resulted in a victory for the Tennessee company by. a score of 6 to 3. Both teams played jam-upsball and the contest was provocative of nuteb enthusiasm. A feature that attracted considerable comment was the orphans from the home, all of whom were present. They marched around the grounds and children of all ages were in line. They received an ova tion when they marched past the grand stf.nd. The motorcycle and horse races be tv.fr en Birmingham amateurs were very interesting, while the contests among the cl lldren caused much amusement. In connection with the outing a num ber of booths were fitted up and dainty things disposed of. A considerable sum was realized, but the amount will not be announced for several days until the full returns from the sale of tickets are avail able. Not the least feature of the day was dancing which began in the afternoon and continued until 11 o’clock. In tlie afternoon th*» floor was comfortably filled but last night the space was insufficient to accommodate the dancers. It was the consensus of opinion last night that the outing was one of the most successful, if not the most suc cessful, of any ever given by the asso ciation. SECRETARY BRYAN DEFENDS PROPOSED COLOMBIAN TREATY (Continued From Pnge One) in this proposition that Colombia, having refused to accept a fair price, is not en titled to any damages at all? The pay ment of the $25,000,^00 provided for in the treaty now before tlie Senate is only a reasonable compensation for damages actually suffered—damages that ought to be paid, no matter what the ordinary one adopts in regard to the action of thij United States or the action of Colombia in 1903. The above argument is based upon the theory adopted by those who say Colombia was entirely in the wronk in re fusing to accept the offer made by the United States, but it must be remem bered that this theory is disputed by the people of Colombia. who defended the po sition their government then took and who have ever since asked that the con troversy be arbitrated by some impar tial tribunal. “The reopening at this time of the' original controversy Is not only unneces sary, but objectionable; first, because it diverts attention from the present sit uation, and, second, because it would revive both here and In Colombia the very feeling of unfriendliness which it is desirable to allay. The treaty is in tended to restore friendship and good will between these nations and this can be done by dealing with the situation as it now presents Itself without renewing the discussion as to the merits of the positions originally taken by the two governments respectively." RICHARDSON WILL PROBABLY RECOVER Bert Richardson of Cordova, who Is wanted for the murder of Monroe Butt, a policeman, last Sunday night, appeared in such good condition lust night at the Hillman hospital that the doctors were positive that he would recover. Richard son attempted suicide by slashing his throat early yesterday morning when captured by Officer W. R Mitchell at the Terminal station. J. M. Miller, mayor of Cordova, visited Birmingham yesterday and stated that lie would pay the $200 reward lo Offic-r Mitchell for arresting Richardson, wheth er the latter died or not. NEGROTS FATALLY SHOT BY CONSTABLE • _ Robert Chapman, a negro, was fatally shot about 6 o’clock yesterday afternoon at Pratt City by Constable Will Stands, meyer. The negro died at the Hillman hospital at 10:30 o’clock last night from his wounds. Accounts of the shooting are that Con stable Standemeyer attempted to place Chapman under arrest and met resistance. The shooting followed. Coroner C. L. Spain was notified and will conduct an investigation today. Deaths and Funerals Miss Lena Coleman Tlie remains of Miss Lena Coleman, who died Wednesday at a local infirm ary, were sent to Cardiff yesterday for interment by Lige Loy. Hugh Wesley Odell Funeral services over the remains of Hugh "Wesley Odell, the infant son of Mr. and Mrs. G. L. Odell, 8720 Ave nue F, were conducted yesterday after noon at 2 o’clock from the family resi dence. Interment was in Forest Hill cemetery. Bernard J. Morris Funeral services over the remains Bernard J. .M'orris, aged 20 years, who died at a local infirmary Wednesday, we re conducted yesterday morning at in o’clock from the West End Catholic ci'.urch. Interment followed in Elm wood cemetery. Ivey Childress Funeral services over the remains of Ivey Childress, who died In Memphis, were conducted yesterday morning at 10 o'clock from the family residence. 216 North Forty-seventh street. Interment followed In Elmwood cemetery. Mrs. Nettls King Eufaula, July 30.—(Special.)—Funeral services were held today at Batesville, this county, for Mrs. Nettls King, who died at the home of a daughter at Mi ami, Fla. She was the widow of Dr. King of Batesville and the daughter of Mrs. R. F. Wilkins, of prominent Bar bour county stock. The services were conducted by the Rev. J. M. Truitt of Eufaula. and were followed by burial In the churchyard. Mrs. Robert Steele Anniston, July 30.—(Special.)—Mrs. Rob ert Steele, mother of Fred Steele, a prom trent jeweler of this city, died at the home of her son here this morning. The funeral will occur at 3:30 o'clock Friday afternoon. The deceased was born at Dahlonega, Ga., and was 73 years of age. JOHNS Undertaking Co. Fbona MM. DETAILS OF OAKLEY Wire Keys, Window Facing and Gutter Pipe Used to Advantage Montgomery, July 30.—(Special.) Details of the sensational escape from the Alabama Insane asylum at Tusca loose of Will G. Oakley, murderer, were filed today with Hartwell Douglass, president of the state convict depart ment, in an official report sent in by Dr. J. T. Searcy, superintendent of the asylum. Remarkable ingenuity and wonderful nerve wore shown by Oakley, in the method he used to obtain his liberty. Detaching a portion of his window fj cing. Oakley drove a hole into the door of his cell. Through this hole, he reached \\ ith his arm and by the use of wire keys of his own manufac ture, picked the lock. After he opened the door into the corridor, he used the safne keys to pick the lock of th<v door opening into the yard. When Oakley reached the yard, he was compelled to climb a 30 toot concrete wall, which he scaled by means of the gutter pipe. No trace of Oakley has yet been dis covered. it is said that he made threats against persons who testified against him at the trial here. FEW HOURS WILL DECIDE WHETHER EUROPE WILL BE INVOLVED IN WAR (Continued from Page One) admit any interference b.tween Austria and Servia when the conditions of peace are being settled, signed and ratified.” If this correspondent’s statement repre sents tl\e Austrian policy, as probably it does, war with Russia appears to be inevitable. The British are prepared for war at a moment’s notice, and the British army is quietly and swiftly preparing. The war office throws cold water on the word ‘'mobilization.” and 1ms issued another framed notice to newspapers that "only the usual precautions” ’ are being taken. Nevertheless, every step necessary to place the land forces on a war footing, except the summoning of the territor ials to arms, has been taken. All the territorial officers received orders to day to be prepared for a call to duty. A large section of the engineer’s staff of the territorials has been ordered on duty. It consists of electricians, mine layers, bridge builders and searchlight and lighthouse experts. Some of these forces are being sent to Ireland to replace the engineers of the regular army, all of whom have been withdrawn from that place, for duty in connection with the land defenses, particularly on the east ern coast. Every officer and private of the regu lar establishment on leave has been re called. All the police on leave have like wise returned to duty, some of them to replace soldiers guarding military stores and stations. Battalion Detained Tim forces at Aldershot have been re inforced by numerous detachments from otner points, and a battalion of tlie Duke of Cornwell's regiment, which was about to embark for Hongkong, has been de tained. The searchlight stations on the eastern coast, whose office is to guard against a surprise invasion ami usually manned by skeleton staffs, are now fully manned. Likewise, steamers report lights all along the coast last night playing on every In coming and outgoing vessel. None but the admiralty, which is in constant touch through wireless at White hall. knows the whereabouts of the first fleet, which left Portland yesterday, but it is a safe presumption that the fleet is in a position close to the channel, where it can strike the North sea in the event of hostilities. The crisis could not have arisen at a more convenient time for the navy, as the fleet has just been through a review on a war footing, which took the place of maneuvers this year. A notice has been issued virtually clos ing Portsmouth harbor to private craft, according to a Central News dispatch. Two Germans, suspected of being spies, were arrested in the Isle of Wight today and are detained In jail. The political forces of the country also are almost mobilized solidly, presenting, in Premier Asquith'* words to the House of Commons today, “a united front.” The remarkable sight was witnessed today of Premier Asqul|}i and Andrew Honar Law, leader of the opposition, who a few days ago were on terms of per sonal as well as political hostility, driving In the same carriage for a consultation with Sir Edward Grey, secretary for for eign affairs. The prime minister announced in the House of Commons that the amending bill to the home rule bill woud be dropped for the present by the consent of all parties: all parties included the Irish nationalists and the Ulster covenanters. Air. Honar Law said: “In view of tlie prime minister's pronouncement that 'peace and war are in the balance.' do mestic differences must not prevent us from presenting a solid front.” He added a word in behalf of Sir Ed ward Carson, the Ulster leader, to the same effect. Irish Members Received The spectacle of a solid front in sup port of the government by all sections of the Irish members in the House of Com mons was even more remarkable than the reconciliation of Mr. ABquith and Mr. Bonar Law. Not only the home rule question, but all measures likely to arouse party or in ternational hostilities have been side tracked. Nevertheless, there is a strong, although apparently a minority, feeling that Great Britain should maintain neu trality, whatever comes. The peace section of the liberal party, often called the “Little Englanders.” which through past years of strained re ! lations with Germany lias worked for reconciliation, is taking a strong stand against the war. The labor party also opposes war unitedly. Its members in the House of Commons today adopted a res olution praising Sir Edward Grey for his attempts at mediation, and urging all the labor organizations to oppose the war vigilantly. Socialist societies in several cities have held meetings of protest against the wrar. The Dutch reservists in England have received telegraphic instructions to teturn to Holland forthwith. The Cunard Steamship company denies the report printed in the United States that the Aquitania has been comman deered for w’ar service. Applications for passports at the for eign office this week have exceeded all records. St. Petersburg, July 30.—The streets oT the Russian capital were overflowing again tonight with enthusiastic subjects of the Emperor and patriotic demonstra tions continue without cessation. The British and French embassies and the Servian legation were, surrounded by crowds of cheering Russians, who ap parently have been stirred to a high der i gree of patriotism by the report that; the Emperor, in case of hostilities, is to take command. London, July 31.—An Athens dispatch to the Dally Telegraph says it is re ported from Corfu that the Russian war ship Terto. in port there has received news by wireless that Belgrade was oc cupied by the Austrians after heavy fighting and that 200 Austrians and 100 Servians were killed. The same dispatch says the Austrian seaport of Cattaro, in Dalmatia, has been occupied by the Montenegrin*: Cattaro THE WARRIOR RIVER Tuscaloosa Believes Stream Will Eventually Bring Her Greatness Washington Moody, a prominent young attorney of Tuscaloosa, while visiting In Birmingham yesterday, expressed him self as being In entire agreement with those prophets who contend that Tusca loosa in the near future will he one of the four large cities of Alabama. "Tuscaloosa is growing rapidly." said Mi. Moody, "and has been steadily im proving for a period of 10 years.. By the coming of fall, It is probable that our dummy line will be electrified. Col. R. A. Mitchell of Gadsden. one of the vice piesidents of the Alabama Power com pany, in an address in Tuscaloosa the other day, declared that his company would be able to furnish cheap current to industries in Tuscaloosa by fall. With cheap current and with a river navigable the year around, there is every reason to believe that new manufacturing plants will be attracted. "By January 1. 10 barges will be op erating daily on the Warrior river on a regular schedule, one leaving and arriv ing every morning. This transportation, the cheapest of the world, will cause the opening up of the Warrior coal fields v hich contain an inexhaustible supply of coal. Some of these days a railroad will connect Birmingham *vith the Warrior river, and all the products of this city and county will find their way to the seat through Tuscaloosa. "We are very proud of our city and very certain of its future.” is dominated by the Montenegrin moun tains and is important as the commercial outlet of Montenegero. The St. Petersburg correspondent of the Times says partial mobilization has been ordered by Russia and is confined to the army corps stationed along the bor ders of Austria-Hungary. The prolonged diplomatic conferences at St. Petersburg, adds the correspondent, have been de void of practical results. "The persistent unanimity of Austria’s and Germany’s bland responses to Rus sia’s despairing appeal for a hearing.” he declares, “compels the unwilling con clusion that all this diplomatic effort lias been mere by-play to gain time." The Chronicle's St. Petersburg cor respondent declares that though described as only partial, the Russian mobilization in effect is general and absolute and that the sailors of the Baltic and Black sea fleets have been ordered to hold them selves in Immediate readiness. The Chronicle’s Warsaw correspondent says that although officially there has been no mobilization ordered in Poland the military authorities have taken charge of all the railways. The Morning Post, in an editorial, fol lows the lead of the Times in declaring that Great Britain must, if occasion arises, take up arms to prevent Germany crushing France. The Berlin correspondent of the Times fears there is little to be hoped from Sir Edward Grey’s latest mediation pro posals. Austrians Capture Belgrade London. July 31.—A Setnlin dispatch to the Standard says: "The Austrians crossed the Danube 30 miles east of Belgrade and the Save Hi miles south. Belgrade has been captured and is now occupied by Austrian troops, and the force which invaded Servia at Semendria is advancing along the road which loads to Oslpanlea and ultimately to Nish. RUSSIA’S ATTITUDE CAUSES PESSIMISM AS TO PEACE PLANS OF DIPLOMATISTS (Continued from Page One) opened from Belgrade, and in reply the Austro-Hungarian monitors bombarded the city. "At 1 o’clock In the morning the powder magazine in Belgrade blew up. At dawn the Servians made another unsuccessful attempt to destroy the bridge. “As shots were fired from the Servian customs house upon our troops, our ar tillery was trained upon the building which was quickly demolished. This wns followed by the sound of rifle fire. Simul taneously fires broke out at different points in Belgrade. “During the Servian attempts to blow up the bridge 18 Servians were captured by our men and taken to Petervardeln. "It Is rumored that serious disturbances have broken out In New Servia, where the non-Servian elements are reported to have refused to enter the army.” Two to Hang Atlanta. July 30.—Bart and Jim Cantrell of Hall county will he hanged tomorrow at Gainesville, Ga., for the murder of Arthur Hawkins a year ago. Governor Slaton late today declined to interfere with the execution of the death sentence. The brothers were to have been banged last Friday but on pleas of clemency for Bart Cantrell, 18 years of age, the gov ernor allowed a week's respite In order that he might have more time to go over the records in the case. Charged With Stealing Horae Mott Hayes was arrested last night in Bessemer by Detectives Daly, Darnell and Moser and brought back to Birming ham and placed in the city jail on the charge of stealing a horse valued at $200. The horse has been recovered. Accord ing to the detectives the alleged theft took place at Warrior a few lays ago. Negro Charged With Assault Lewis Wilson, a negio. was arrested last night by Detectives Daly, Moser and Darnell, and placed in the city jail on the charge of assault with intent to mur der. The alleged assault occurred a week ago and the negro woman wdio wfas as saulted is still In an infirmary In a seri ous condition. SCIENTIFIC DISCOVERY k Vegetable Element That ii Rapidly Doing Away With the Use of Calomel Gunn Drug Co., 3rd Ave and 20th Bt., and Gunn's Pharmacy are among th< first progressive concerns to offer foi sale the new system of medicine that ii fast supplanting the use of old fashioned calomel as a liver medicine. Nearly everyone knows how e^lly the liver becomes sluggish In this cli mate and how this sluggishness effect! not only all the other physical organs but the mind as well. The signal towers of this dread con dition, which some call mglarla are coated tongue, lack of energy, dull eyes, constipation, sallow complexion. Taken with regularity this proven scientific liquid vegetable medicine In the form of Carswell's l-lver-A Id will prevent or promptly relieve all liver troubles. On sale under money return guaran tee by Gunn Drug Co., 3rd Ave. and 30th Bt., and Gunn's Pharmacy. PRESIDENT WILSON1 INTERVENES TO STOP! [ . 4 Invites Delegation of Em ployes of Western Roads to Confer With Him at White House ( hioago, July 30.—President Wilson has Intervened to prevent n strike of 55,000 engineers and firemen on nil rail roads west of Chicago. Mediation by the federal board having failed, the President today requested the members I of the hoard, the general managers* committee and representatives of the men to confer with him at the White House Saturday. Ills invitation immediately was ac cepted. William L. Chambers and Judge Martin A. Knapp, members of the hoard of mediation, conciliation and arbitration, left tonight for the capital. Several mem bers of the general managers’ committee also started for Washington. G. W. W. Hanger, third member of the board, remained in Chicago to look after possible developments, though none is ex pected. If the President cannot persuade the employes to arbitrate, a strike will be called Wednesday or Thursday. In ad dition to the engineers and firemen, thou sands of oilers and wipers and other rail road employes may he involved indirectly. Mr. Hanger asserted tdnight that after the hoard had met separately with the employes and employers for three days the futility of a settlement by mediation was realized. The commissioners met with the committee seven days more In the hope of finding some grounds on which the men would agree to arbitration. Hope, lie said, was abandoned yester day and the mediators notified President Wilson. The President immediately in vited the factions to Washington to meet with him. About 97 per cent of the engine crew's voted to strike when the ballot was taken recently. Their leaders declared Vb per cent of them would obey the strike order ami that steam traffic West of Chicago would be paralysed. With the railroads facing the move ment of the largest agricultural yield in years a strike at this time would be unusually unfortunate, the mediators felt, and they asked the President to in tervene. The committee of engineers and fire men. headed by Warren 8. Stone, grand chief engineer of the Brotherhood of Locomotive Engineers, and W. 8. Car ter. president of the Brotherhood of Lo comotive Firemen and Enginemen, will hold a final meeting here tomorrow morn ing at which they will decide upon their attitude In their conference with the President. Neither Mr. Carter nor Mr. Stone would make any statement re gal ding the situation. WHEAT SURPRISES TRADERS AT CLOSE BY DECLINE WHEN ADVANCE WAS DUE <Continued from Pair* One) night, and prices today for the first time this year .went above the dollar mark. For the first time, the war scare today affected materially the dealings on the Chicago stock exchange. Selling was general and resulted in the heaviest breaks In recent years. The sharpest declines were in Hears-Uoebuck and Union Carbide, respectively. 15 V4 and 17 points down. COTTON EXPERIENCES AN UNUSUAL BREAK New York, July 30.—Cotton broke $2.50 to $3 a bale today In one of the most sensational markets since the Sully campaign. In two months the price has declined $8 to $12 a bale. Today's collapse wras due to the fact that in the event of a general European war. domestic markets would have to absorb and finance most of this year's cotton crop. COFFEE EXCHANGE MAY BE CLOSED New York, July 30. —The coffee ex change hourd of managers have been en.powered to close the exchange at any time at their discretion, it was learned today. The war situation has threatened Bra zil's loan negotiations ami it Is feared Brazil may have to dump a vast amount of coffee on the American market. The local coffee market was wildly ex cited over war news today and fell more than 90 points, or practically a cent a pound. NEW ORLEANS TRADERS WATCH WAR NEWS New Orleans, July 30 —The cotton mar ket broke badly today on reports from Europe portraying a more menacing sit uation as the day wore on. At the low est prices were 82 to 91 points below the close yesterday but In the last few minutes the market took a slight brace in profit taking sales and closed 77 to 80 points down or at an average of about $4 a bale. First sales were at $1 a bale less than the closing yesterday. The decline from this level was gradual until at noon the market was 51 to 53 points down. The decline then seemed to be checked for a time but no material advance could be made. Within a few minutes after it was announced that Germany had de manded of Russia an explanation of her Intentions, prices went 20 points farther down. \ No trader paid attention to anything except war news and while this was not reassuring toward the close of the day prices were steadied somewhat by the many selling orders sent in by shorts satisfied with their large profits. PRICES IN STOCK MARKET BREAK SHARPLY # New York, July 30.—The New York stock exchange bore the brunt today of tremendous world-wide liquidation of se curities, inspired solely by the war clouds which today, more ominous than ever, hung over all Europe. It centered here because there is no other primary se curity market in the world which is not either closed or under restriction. Prices broke from 6 to 17 points under an overturn of 1,300,000 shares of stock, a large part of which represented the “dumping” by foreign holders of Ameri can securities and the selling for for eign speculators. While it was the most drastic decline since the domestic panic of 1907, and re called the exciting scenes that attended those days, International bankers who liav*. their fingers on the pulse of the sit uation. expressed surprise in the fact that the American market had so well wltlyitood the avalanche of selling, which has wren active for nearly a week. There was talk of following the lead of the foreign bourses and closing the exchange, but the sentiment against this appeared to be strong and no action in that direction was taken today. Clearing house bankers declared today that the financial situation here was absolutely sound and this was reiterated by finan ciers who called to discuss the situation informally at the office of J. P. Morgan & Co. In tills connection the clearing house committee decided to postpone, for fear it would be misconstrued, a meeting for transacting routine business, ffhough values tumbled preclpltlously, — ■1 -- " ■ 1 ''THERE’S n6 reason now 1 why you may not wear the best clothes—the most stylish. Since our Remodeling Sale began hundreds have bought their first Hart Schaffner & Marx Suit —but we’re sure ’twill not be their last 25% to 40% Reductions On our entire stock—and the assort ments are so complete, that you’ll have no trouble being fitted in the pattern you like. $15, $20, $25 M. WEIL & BRO. 1915-17 First Avenue The Home of Hart Schaffner & Marx Clothes. i--, one of the features of today’s trading pointed to as significant of the domestic situation was the large amount of in vestment buying at the record low prices to which many of the standard securities dropped. It was further pointed out that there already had been a long period of liquidation In this country so that the onslaught from abroad could have not come at a more favorable time. The local market was prepared in a measure before the opening for wlmt was to come. Early advices from London and the continent pointed to crises in all European centres. The action of the banks of England and France and the Netherlands In ad vancing their discounts testified to the' increasing severity of the financial strain, j This was augmented by the suspension | of business at all minor European cx-j changes and commodity markets and a | number of failures In London. Opening prices were down 2 to 3 per cent. In some instances even more. From the outset the market manifested its in ability to stand up under the enormous offerings. Selling for London alone was estimated at over 60,000 shares uml a conservative estimate placed the total foreign selling at 200,000. There were intermittent rallies of 2 to 3 points, but these gains were lost in the final hour— when the cables told of Germany’s representations to Russia. From that stage until the close the sell ing gathered greater impetus, though a few issues made some recovery from the lowest. Notwithstanding that the war risk rate of insurance on gold shipments went up to $10,000 per million today, $8,500,000 more of the metal was engaged for Europe. The financial district continued its ac tivity long after the close of the market and lights burned late tonight in the great Wall street skyscrapers. Rankers with foreign connections kept the cables busy with messnges for their correspond ents and arbitrage brokers prepared for tomorrow's early business from abroad. BANK OF ENGLAND RAISES DISCOUNT RATE London, July 30. As had been antici pated, the Rank of England today raised its minimum rates of discount an entire ligit making It 4 per rent. This was done as a protective measure to guard igainst the chaotic financial conditions dii the continent following the outbreak of war between Austria-Hungary and Servia and the almost general advance of the bank rates in continental bourses. Through discounting bills freelyvduring the past few days while ordinary sources tor discounting were practically suspended Mid by arranging h line of credit in con** nectlon with gold coming from New York, while Amerlean exchange was so difficult to obtain, the Rank of England con siderably relaxt?d the linancial world's demands. Now that as a raid Is being made on Its gold supplies by tlie continent of Eu rope again, the Bank of England hag found it necessary to take protective steps. Nearly $f».0o0,000 in gold went out yes terday wiille France secured practically the whole of the $5,000,000 which arrived from South Africa on Tuesday. Although $15,000,000 is coming from New York to pay for securities sold recently, this sum can hardly arrive in time to uffset any further planking of continen tal demands. The Hank of England return is expected to show a large increase in the loan husluess. a smaller stock of gold and i sharp shrinkage in the proportion thus if reserve to liabilities which the higher bank rate and the expected gold arrivals will partly restore. The continental financial and political situation nevertheless Is so acute that It Is essential for the chief financial in stitution in London to adopt measures that will protect them. Absolute gloom prevailed today on the ifflclal stork exchange. Figures of yesterday and the fact that ! there was no improvement In the chief European crisis had a depressing effect. Prices were somewhat under yester 3ay’s figures hut continued purely nomi nal and what little business was done was a matter of protracted negotia tions. The hammer whose lapping on the desk announces failures on the stock exchange j was heard early today when another Arm with large continental connections an nounced that it was unable to meet its material obligations. Today’s failure was that of the Deren burg company. CASH TRANSACTIONS ONLY AT BERLIN Berlin. July 30.— Settlement dealings on the bourse were entirely auapended to day. and brokers confined themselves to cash transactions The most pessimistic rumors were In circulation and many Arms were In diffi culties. Exciting scenes were witnessed on the produce exchange, where wheat and rice were quoted from $1.72 to $2 per metric ton higher. It Is understood that the Imperial Ger man bank followed lamdon's example In Increasing the bank rate. A Potsdam banker, Eugen Blber, and his wife, committed suicide In a Berlin hotel today because they had lost over 2(12,000 since the beginning of the war crisis. NO BUSINESS IN PARIS BOURSE Paris, July 30.—The Paris bourse opened today as usual, but there was no bus( ness. The nominal quotation of French 3 per cent rentes was unchanged. The French public seems to regird a general conflagration as a certainty. The crowds in front of tho savings banks today were three times as numer ous as those of yesterday. Private hoarding and the precautions taken by the Bank of France have al most removed minted coin from circu lation. A line of several thousand store keepers waited outside the Bank of France today holding the hope of get ting silver for their notes as their inability to make change is paralyzing retail business. EUROPEAN BANKS RAISE DISCOUNT RATES Amsterdam, July 30.—The Bourse re opened today, a committee of hankers have placed a large sum of money at the disposal of the Boursen committee for loans on national securities. Berlin, July 30.—The committee of the imperial Bank of Germany has been called to meet tomorrow to act on the advisability of raising the bank lute. Paris, July 30.—The Bank of France today raised its discount rate from 3*ii to 4 tfc per cent, and its rate fdr -— from 4 to 6H per cent. Brussels, June 80.—The rate of dis count of the Bank of Belgium was ralsefl from 4 to 5 per cent today. Stockholm. July 30.—The Swedish Piksbank today raised Its discount rat# from 4 % to per cent. POSSIBILITY THAT JAPAN MAY ENTER AUSTRO - SERVIAN WAR CONSIDERED <Continued from l*nge One) weeks, is destined at the outset to be come n strategetic highway of three worlds If t he present hostilities be tween Austria-Hungary and Servla de velops* into a general eonflist involving the other European powers. The treaty stipulation provides that the canal, like the Suez canal, "shall he flee and open to the vessels of com merce uml of war of nil nations," and "shall never he blockaded, nor shall any right of war be exercised nor act of hostility be committed within it." The liability of search would* he a hazard to Suez and Mediterranean commerce if the present war clouds burst and it was pointed out commer cial activities might be steadily cur tailed as tin* parties to the conflict de fined more sharply the commodities to lie included in contraband of war. it I wus suggested here that a large part of the Suez commerce might be di \ cried to Panama. While the vessels of war as Well as of commerce of belligerents may freely lire the ennui, exact rules have been de vised to maintain the strictest neu trality of the waterway. The transit o* war vessels must be made with tho least possible delay and with only such intermissions as may result from the necessities of the service. No belliger ent may "embark or disembark troops, munitions of war or warlike materials in the canal, except in case of acci dental hindrance of the transit, and In such case the transit shall he re sumed with nil possible dispatch." The treaty provisions prohibiting any act of hostility in the canal precludes any war vessel from exercising the right of search on a commercial vessel In transit through the waterway or within three miles of either terminal.