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LARGEST SWORN CIRCULATION IN NORTHERN INDIANA.
a FTERHOON " Edition READ THE 'WANTS' OUT MEN THE WEATHER Lower Michigan and In diana: Cloudy tonight and Saturday. 1 AVERAGE DAILY NEWS-TIMES CIRCULATION FOR JUNE WAS 15,993. VOL. XXXI., NO. 219. SOUTH BEND, INDIANA, FRIDAY, JULY 31, 1914. PRICE TWO CENTS p Ira n r 11 1 BULLETINS NEWS-TIMES A A 1 Til T (P P F ;0) 0) Si km I I 111) mmhZI La LjMaMkMM 4taMa!ZIj V -J U U L V IS 111 ! 0 y u SHOT m s Exchanges in New York, Lon don, Chicago and All Finan cial Centers Are Closed to Avert Huge Losses Through Panis U. A. Government Ready to Aid in Stringency. BULLETIN "NIAV YORK, July HI. American securities haw; 9lumi.-l $1VM)0,0(MJ,000 in value In one week's time clue to tli war Mare tlie inot tremendous loss ruT H2i-Ioneil in the financial his tory of tlie world. Only 20 stocks J 2 railroad and eight Industrials. .vliow a week's depreciation of alnmt Sv;;r.,000,(M0. This is in the eommoii i-ues alone, wltli the exception of Great Northern. NEW VOUK, July The broker age? linn of I "lower & Co., one of tho leading houses oT New York, failed today. Assignment was made to Chas. A. Werner. The llrm va-s organiAtl liy the. late Gov. 1 lower. TiOXDON, July 21. The financial terror wrought by the Kuropean crisis was strongly evidenced today when a run. was started on the bank of England by noteholders A long Hue ut' persons seeking cash for paper was outside- the famous insti tution this afternoon. They paid ,ut partly in gold and partly in notes. The, l ank rate was raided to eight per cent this morning. NEW YORK, July SI. Following tlie announcement of three failures on the cotton exchange this morning iind the panicky state of trading which marked the opening of the rot ton exchange, the cotton exchange Aas closed toon after the opening. NEW YORK. July V.I. K. 1 I. I Pell & Co.. one of the biggest cotton broker concerns of tlie country, an j.ounced its suspension today. NEW YOItK. July r.l. The of Homer, Ho wo it sus- Co., cot- pension brokers. w;is announced on the ton exchange today. WASIIINGTOX. July r.l. Secy, of the Treasury MeAdoo today issued a .tatf'nu'lit announcing that this gov- rnment stands ready to send out half a billion dollars in currency if this amount is needed to meet the. emergency created by the European war. Th- statement issued upon receipt of notification of the temporary clos ing of tho New York stock exchange i e.id : "We are keeping in close touch with tho situation. The treasury de partment will help as far as it legiti mately may in New York or in any tiler part of the country when it be oiiins apparent that assistance is bvedvd. ILuc Half Pillion Reserve. The Aldrirh-Vre-eland act. as amended by the federal reserve act, js still in force, and the terms upon which currency may be issued under that act are now so favorable that resort may be made quickly ami ef icctively to it to meet any emergency. It must bo remembered that there is in the treasury, printed and ready for issue. Jf.OO.lUKi.OO" of currency which the banks can get upon application under the law. This is in audition to the resources of the treasury. "In view of the closing of the for eign stoe'e exchanges the action of tlie New York stock exchange of which I have just learned, in closing temporarily, is a reasonable- measure .f protection to American interests. MAY YOllK AM CHICAGO i:cu AM!i:s a hi: closed. NEW YOllK. July :U. After bear ing the real burden of the world's markets and standing llrm for a week while the institutions of Europe were tottering or falling the New York stock exchange was closed today. This action was taken by the board T governors after a meeting of lead 5 ncr financiers was held at the office of J. P. Morgan. The decision of this met tint? that tho Kuroin-an situation was ton dangerous to permit trading hero. ', as immediately transmitted to tlie board of governors, who acted i romptly. Secy. Elly of the exchange pave out t following statement: "The governing committee decided that the exchange be closed until further notice and that all dealings be suspended tntil further notice." The governing committee appoint ed a committee of live to Fettle any differences th:t may arise out of the closing of the market. V. C. Yan Antwerp, acting a." rpokesman. said that the closing of the exchange was decided upon fol lowing Gcrmnr.y's declaration of war. It was decided that Germany's dec laration of war would demoralize the market. t'HKWnO, July :U. Following the announcement of the closing of the New York stock exchange the board of governors of the local stock ex- (COXTINUCO ON PAUK TWO ) Austrian Generals Who Lead Their Armies Agains Servians f. .... ' . : : ' v: rr J'J'f , , . .. : . : : ': : :; .. , : : v .. ' : . ' .V, 1, C - s okx. mokitz auffknbkug!" Commanding the army advancing on Servia from the west. Ninety-Eight Western Rail roads Will Be Tied Up Unless They Agree to Accept Media tion Board's Plan. CHICAGO, July 31. Union officials announce! Unlay that tlie strike of r5,0)0 engineers and liremeu on OH vestem railroads liad been csilled for l'riilay, An. 7, unites tlie railroads accept the plau of settlement nroioMri ly tlie federal board of ineiliation. Supplementing this announcement with the -statement that the en gineers and firemen on the 98 roads involved had accepted the terms out lined in the mediation of the feder al officials, the men put the possible strike up to the railroad officials. Conferences Dissolved. Before leaving Chicago, both the railroad employes and railroad chiefs left statements for publication the men, who dissolved their conference today, declared they were throuch; that they had accepted the mediation terms which had been declined by the railroads and that further negotia tions were off. The railroad heads, scattering for their various headquarters, declared they would convene again in Chicago next Monday to dLscur.s the outcome of the visit made to Washington for a white house conference. In declining to senxl the entire com mittee to the conference with Pres. Wilson, the engineers issued the fol lowing statement: "The committee feels that having adopted the plan proposed by the otli- cial representatives of the federal government they have done all that could be expected of them. "While the committee has left Chi cago for their respective homes and positions of duty and while the strike will commence on Aug. 7, the en gineers' committee has instructed Messrs. Stone and Carter to po to Washington and assure the president that if tho railroad will accept tho plan proposed by th federal board of mediation, and conciliation in time to prevent the strike, no strike will oc cur." TRREE INDICTED li REBATE GASES IU'LLETIX. CHICAGO, July 31. The federal grand jury this afternoon returned three indictments charging con spiracy in rebating against otllcials of tho New York Central lines and of ticers of the O'Cara Coal Co. The officials Indicted are: William C. Rrown. former president of the New York Central lines. J. Cartsein. first vice president of the New York Central. R. M. lluddleston. auditor of the New York Central. Thomas J. O'Gara, president of the O'tlara Coal Co. William A. Hrewerton. secretary of the O'Gara Coal Co. MRS. REXROATS SLAYER DIES ON GALLOWS WH EATON, 111.. July CI. Henry Spencer, the tango slayer, paid the penalty for the murder of Mrs. Mil-dr-d Alllson-Rexroat on the gallows here at 10:22 a. m. Discarding the usual Mack suit which Is provided for convicted murderers, the eccentric murderer of the tango teacher went to his death dressed entirely in white. LNGINEEHS ORDER STRIKE AUGUST 7 JC 1 t ....... V GEN. ARTHUR YON OlESEINGEN. Commander of the army at Prague. :.-,:x : . .. -:y i'ri A .A - ...-iV...- 1 A. 'A GEN. RUDOLPH YON RRUDKR- M ANN. Commander of the army of tlie north. THE WAR AT A GLANCE RERL.IN. The emperor declares a state of war for Germany and Pavaria. This action usually precedes the mobilization of the army. ST. PETERSBURG (noon). The czar demands knowlce of Austria's attitude in case of victories in Servia. VIENNA (4 p. m.) Hope of localizing Austro-Sorvian war dim. LONDON (noon). Efforts for peace proceeding; general European war believed inevitable. BERLIN (evening). The streets are tilled with crowds of people cheering anO singing patriotic airs. ROME (6 p. m.) Italy is assembling its licet. WASHINGTON. Secy. MeAdoo will send out half a billion dollars in currency if necessary to meet emergencies caused by European crisis. NISH, (provisional captal capital) Servia. Servian troops repulse Austrians in desperate fighting at Morava Pass. VIENNA. Servian frontier guards invading Austrian territory near Klotievatz, Bosnia, repulsed with losses. BELGIUM. Government forbids exportation of live stock, wheat, machine- or horses. NEW YORK. Stock exchanpe ordered closed for the present. NEW YORK. Cotton exchange closed. CHICAGO. Stock exchange ordered closed for present. BOSTON. Stock exchange ordered closed. . PHILADELPHIA. Stock exchange ordered closed. BALTIMORE, Md. Stock exchange closed. PITTSBURGH, Pa. Stock exchange closed. LONDON. The stock exchange has been closed indefinitely. LONDON. A run by noteholders on bank of England interrupted by regular closing hour. GLASGOW. Stock exchange closed. EDINBURGH, Scotland. Stock exchange closed. LIVERPOOL. Stock exchange closed. HAMBURG. Hamburg-American steamship Co. suspends sailinss of all trans-Atlantic vessels of Its line. ; BERLIN. Rank notes have been raised. MANCHESTER. Eng. Stock exchange closed. BERLIN. Diplomat'.? relations between Russia and Austria broken off. NEW YOllK. Sev ercl failures of large firms were reported on the cotton exchange before noon. NEW YORK. The coffee exchange has been closed. War Cost Twenty Billions a Year Expert Figures PARIS. July 31. The cost of a general war in Europe, involving eight of the mightiest powers, would bo $19, ?::;, 62 5.000 a year, according to Dr. Charles Richet. statistician of the University of Paris. If such a war comes and lusts at least rive years, as diplomats are certain it will do. the cost of the war. without in demnity claims, would reach the amazing total of $9S,77S.12:..oOt). These figures are based on the cost of a general war involving only Ger many, England. France. Russia, Italy, Austria. Servia and Roumania. A war of this kind, it is feared, would not end in involving only the eight countries named. but would draw every European nation. lari?e and small, into the conllict and increase the war cost far beyond the sum es timated for only seven powers. D. Richet prepared the following f r . . . - -v. .... fx-' ;, .;: , . GKX. T K K S ZT Y A NS Z K Y . Commanding Hungary corps of Aus- tru-Hungary army r a" A I tC 1 1 1 U K I : r R E DK RICK. Commander-in-chief. figures to show the daily cost of war involving, the eiuht powers named: Provisions of troops. $12,500,000. Feed f r horses. $1. Of 0,000. Pay for soldiers and sailors, $4, 250.000. Wages (arsenals and harbors), $1, 000,000. Mobilization. $-00.rM. Transportation. arms, foodstuffs. $4.00.000. Ammunition. J r..r2.",00. Filling out army. ?4.000,ooo. Ambulance service. $"00,o00. Movement of ships. $."in.000. FOUR ESCAPE FROM PRISON IN KANSAS LEAVENWORTH. Kan.. July ::i. Four convicts in the Kansas state prison, including two life termers, made a sensational escape early this morning. They cut out of the cells, cut the bars out of the tunnel lead ing to the women's ward, cut out of the women's ward, and then went over a 4 0-foot fence with a rope after Inviting one wormui to accom pany them J 1 n u All Europe Soon to be In volved in Great War, Brit ain Believes, as Peace Ef forts Continue to Fail England's Army Mobilized For Protection of Coast. BULLETIN LONDON. July M. King George and Premier Asquith held an hour's conference at I.uckingham palace late this afternoon. From the palace the premier hurried to the house of com mons. 11Y HERBERT TKMPLE. (Satf Correspondent.) LONDON, July ::i. Russia has proclaimed a general mobilization of army and navy. In consequence mar tial law has been proclaimed in Ger many and we understood that general mobilization in Germany will follow. This announcement made by Pre mier Asquith in the house of commons this afternoon was taken to mean that the Rritish government had lost all faith in he efforts still being ma.de to prevent a general European conllict. Comprehensive measures for de fense were completed by th-- govern ment this afternoon. Troops are now patrolling all exposed parts of the liritish coast. Grain is rising rapidly in price. Chartering of vessels has practically ceased. The freight markets are par alyzed. A dispatch from Vienna saying, "the hope of localizing the war be tween Austria and Servia is very dim."' is interpreted in London as meaning that mobilization of the German army has begun. The for eign ollicf.s of Vienna and Berlin have been in constant communica tion for the 4S hours keeping each other advised of all developments. Dispatches stating that the Russian premier had replied to Germany's ul timatum with a statement that mobi lization of the czar's troops could not be stopped were regarded as the lin al blow to the peace efforts. Sends Itrotlier to llussia. The Exchange Telegraph Co. states that Emperor William has sent his brother. Prince Henry of Prussia, to St. Petersburg. He closely followed Grand Duke Ernest of Heriz, a brother of the Russian empress. Prince Henry is commander of the German navy. In connection with the belief that Russia has replied in an unsatisfac tory manner to the ultimatum sent by Germany yesterday, one news agency here says: "oar representative this morning visited the German embassy to ascer tain if Russia's repb had been re ceived. The embassy refused any information but our representative scribbled on the blotting pad in the embassy, 'Russia's reply received London mobilization. " May Declare War. A dispatch from Berlin stating that the rupture of diplomatic relations between Austria and Russia was complete was accompanied by re ports that Austria would declare war against the czar today. The fol lowing dispatch from St. Petersburg failed to relieve the tension to any extent: "The following official statement is authorized: "Russia desires no war. Our par tial mobilization is a precautionary measure to preserve the independ ence of Servia." Premier Asquith called a meeting of the cabinet in Downing st. First Lord of the Admiralty Winston Churchill, carried a large package of documents to the session. These were supposed to relate to the war measures taken by tho naval chief during the last 24 hour?. The pre mier, who is also minister of war. conferred with several attaches of the war office before the cabinet meeting began. Negotiation for Peace. Shortly after tlie cabinet meeting convened it was announced that official news had reached the diplo matic quarters of the reopening of conversations between Austria and Russia and that negotintions for a sett'ement were being carried on at St. Petersburg and Viennx. Details of the Rritish preparations tor "defense" were kept secret by the newspapers today. The evening editions patriotically refrained from publishing details of the government operations giving only official an nouncements. Dowager Empress Marie of Russia, who has been visiting her sister. Dowager Queen Alexander, at Sand rir.gham, completed her preparations for departure today. Though she had expected to spend most of the summer in England she- will leave for St. Petersburg tomorrow. Americans Stranded. Americans stranded In London by the announcement thnt the Hamburg-American liner, Imperator, would not carry them back to Amer ica scurried around to other steam- ship oftices to make other vessels. Ill reservation on YIENWA. July 31. Servian frontier guards today invaded Aus trian territory near Klotievatz, Iio.--nla, but were defeated with a loss of one ofTicer and 22 men. ROME. July 31. The Italian government today ordered three warships now at Clyde on an in structional cruise, to proceed at once to Cadiz with all possible speed. Italy is a member of the triple alliance and is by treaty bound to assist Germany, and Austria if they are attacked. PARIS. July 31. Pres. Poinoare and his full cabinet held an extend ed session this afternoon. The war minister made a complete report on the nation's readiness for war. The belief prevails here that Prince Henrys visit to St. Peters burg will fail and that war between Germany and Russia is certain. NEW YORK, July 31. The Cun ard liner Lusitania arrived today bringing a report that the German cruiser Dresden, recently in Mexico, was lying off the New York harbor just outside the three-mile limit. This caused a rumor that the Dres den was lying in wait to capture vessels leaving this port if war is declared in Europe. ATHENS, July 31. It is reported that the yacht of the king of Monte negro is being pursued by Austrian warships. Another report says that King Nicholas escaped from Austrian warships pursuing his yacht, and put in at Corfu. BRUSSELS, July 31. The Na tional bank is besieged by 10,000 persons demanding their money. LONDON, July 31. Underwriters this afternoon demanded 70 guienas per cent on risks of war between England and Germany for six months. This rate is practically pro hibitive. Tho leading insurance companies are In touch with the gov ernment at all times. THE HAGUE, Netherlands. July 31. A decree ordering a general mobilization of the Dutch army was signed by Queen Wilhelmina at 1:30 o'clock Friday afternoon. PARIS, July 31. Tlie bank of France today decided to issue 10 and 20-franc bills to replace the certifi cates that are being horded to such an extent that an absolute famine has resulted. CHICAGO, July 31. The Chicago Board of Trade opened as usual to day and contrary to expectations wheat opened lower. Excitement was Intense. September wheat, which closed yesterday at 9 4 1-S. opened today at 92 to 01, whilo December opened from 1 to 2 a-S under yesterday. May wheat opened at $1 this morning. ATHENS. Greece. July 31. De nial of the Austrian announcement of the fall of Belgrade is made in a dispatch received by the Servian le gation from Nish today. It stated that the Austrian forces had renew ed the bombardment of the capital and that several shells fell before the royal palace in the center of the city. The Servians, it adds, did not reply, fearing the city might be de stroyed. HAMBURG, GERMANY, July 31. The Hamburg-American liner Im perator was withdrawn from trans Atlantlc service today. It is very like ly that In case of a general war in Europe the giant liner will be pressed Into the German government service. The Imperator was due to sail from here tomorrow for New York. She had a cabin list that Included hun dreds Americans who are homeward bound. It now will be necessary for tiiese Americans to take pitssase either on one of the slower Hamburg-American boats or to take a Ion;,' round and about route to reach the Ameri can and French lines. The withdrawal announcement that came today it was stated was made because the otlicials felt safer to keep the liner in the "hartr than to ri.k it to the possibility of capture by some foreign power. Thousands of Americans who had planned extensive trips through Europe this summer have cancelled their itinerary and are engaging pass age for the United States. The re quests for accomodations have I'oodeJ the steamship companies. Moby ization of troops will als. dis organize the entire German railway system. NEW YORK. July 31. O.ficial of tlie Hamburg-American line announc ed today that the liner Vaterland would not sail from New York Satur day and that the linr Amerika would not lenve lioston tomorrow. Their sailing time was postponed because of the European crisis. GElif HOLDS GREAT LINERS FOB SERVICE IN WftR f2a Czar's Answer Explaining Meaning of Mobilization is Unsatisfactory and Em peror William Calls Whole Army to Colors For "De fensive Purposes." BULLETIN BERLIN. July M. A icmia dis patch to the Tageblatt ay tnat llih ia lias sent : warning in tin nature of an ultimatum thai the car will not tolerate territorial acquisition by Anti ia-lluiiary. Information to Austria attitude in :w of victories ill Servia N demanded. The. Tar-hluti c-at li nl(U that It is IiojkhI Austria's reply will In satis factory ami obviate the necessity of Gorman mobilization. 1'AIUS, July .11 (.:;o p. 111.) Gen inaii troops are asemi)liic on the frontier and fortifying lmiMrtant sitions, A recoiiointere service has been established ami the iMUimlary linos are Ixdng ivatrollcd. HEREIN, July r. J . Emperor Will iam of Germany today decreed a state of war. The following oltioial announcement was issued; "In conformity with paragraph of the constitution of the German em pire, Bavaria being excluded, the Ger man empire has decreed a state of war. A similar decree for Ravaria will be issued." The emperor's decree means the immediate mobilization of Germany army of o.l'OO.Ot") .'men and tbeir movement to the frontiers of the em pire. The decree was issued after Russia had failed to give a satisfactory explanation of her "partial mobiliza tion." Article GR of the German constitu tion under which the decree was issu ed provides: "When public, safety in the federal territory is menaced the emperor may decree any part of it to be in a state of war." ' Martial Law Prevails. The decree also means that a state of martial law prevails throughout the entire empire. The railroads of the empire country have been taken over by the military forces. Germany expects her mobili zation to be followed with similar ac tion by both these countries. With the forces of all these nations on a war footing a general Europe, war is practica.Rv certain. Hopes of localizing the Austro-Servian war have been given up. The Russian goern ment's order calling out more than 1, 000, 000 reserves increased the strain of the situation so tense that it could bear nothing more and when St. Petersburg failed to give a satisfactory explanation the kaiser and his ad visers decided that the imperial de cree would have to b issued. All Plan-- Completed. Before the decree was issued today the red cards that tell all those sub ject to military call that a state of war prevailed, and calls upon tho kaiser's subjects to rally to the colors had been sent to every town in the empire. All persons for mobilization hail been made before the meeting of the imperial council at pots lam last ni-rht. There the imperial decree was drawn up. and it was signed by tho kaiser today. The mobilization orders sent to each district provided that every pers on subject to military service should report. The se include all men who be long to thf pre--- nt military establish ment, those who:e terms of - n ice have been included in the period 1 tween and the present, and such reserves as reported at the last draw ing and were excused. Call Situation Grae. Denying that the kais-r's d-nre; meant war with Rus.-j.i. g ern mr t otlicials admitted that, the situ itioa was most grave. When asked if it Intended that a declaration of war against Russia might be expected. "Ii attache 0 f the foreign o!!;ce said: "War Is incor.ceivaMe la S im partial mobilization meant that ilar steps should be taken by Ger many for defense. Something may done to avert the worst, but the dan ger is acute." Great crowd- are parading t' streets this afternoon cheeiir.g th'S kaiser and Kinjon-r Francis Jo. j a of Austria. The entire popuhire h. been arous.-d to a high pitch of en thusiastic patriotism. The socialiM still .maintain their protests again, t war. The editor of the Daily Yor waerts today sent an appeal to tha kaiser to consent to a mediation con ference. The paper says in aii edi torial; "The Vorwaerts recogn'e tii kaiser's sincere ndetors to umk in the interest of peace. In the present struggle neither the honor Tn-r th welfare o." the fatherland is at stake; it is a mad adventure. It is Italy'j first duty to ir.!'.uerp"f Austria." Withhold Announcement. Ar.roun. crm-nt as to when tbc o: cial order for mobilization would issued was withheld when efforts (CONTINT',-"T OV PAGE TWO)