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The Pensacola journal. (Pensacola, Fla.) 1898-1985, September 07, 1914, SECTION ONE, Image 1

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D m ON
Labor aed Liberty !
IliiPM ' gliik-L ,&t .ii
Partly cloudy, probably
local showers south and
central portions.
Yesterday's temperature:
Highest, 89 degrees; low
est, 75 degrees.
VOL. XVII. NO. 250.
Allies Claim They
Sir John French Says British
London, Sept. 6. Field Marshal Sir John lrench, in
a report to the war office today, dwells on the marked
superiority of the British troops in every branch of the
service. The superior training and intelligence of the
troops to use the open formation has enabled them to
fight vastly superior numbers. He says the British
cavalry does as it likes with the enemy until confronted
with double its number. The report says: "The German
patrols fly before the cavalry and the troops will not face
the English fire. Regarding the artillery, it has never
! een opposed by less than three or four times its
A dispatch to the Times from Boulogne today says
the mayor of that city is reported to have received a tele-!
gram this morning that Gen. J off re has succeeded in
turning the German lines and that Sir John French ha
gotten around on the left of the German army. The Ger
man troops at Lille left there hurriedly yesterday.
London, Sept. 6. The Wilson passenger liner Kun,
with six hundred passengers on board, bound from Hull
lo Archangel, struck a mine in the North Sea and sunk
yesterday afternoon, about forty miles off Shields. All
the crew and passengers, except about twenty Russian
refugees, were saved by fishing trawlers in the neighborhood.
New York. Sept. 6. The Associated Prcs has re
ceived from Berlin, by wireless, a message from four well
;knovii American newspaper men in the war zone, in
which they declare they found no instance of the alleged
German atrocities. They spent two weeks with and ac
companied the troons for more than one hundred miles.
and are unable to report a single instance of unprovoked,
cruelties, nor confirm the rumors that prisoners and non
combatants were mistreated.
The authors of the message were originally assigned
to Brussels, but when that city was taken they were re
turned to Aix Les Chapelle, from where they have been
trying to reach London. The message was sent from
Aix Les Chapelle to Berlin for transmission.
Paris, Sept. 6. An offi
cial announcement of the
situation made tonight says
the allied army has again
come incontact on the left
under good conditions with
the right of the enemy on
V -
the banks of Grand Morin.
The fighting continues on
the center and right in Lor
raine and Vosges. The situ
ation is unchanged.
Around Paris the engage
ment which was begun yes
terday between the allies
and the advance guard of the
Genua right, has extended.
Are Getting the Better of Battle in Front of Paris
Great Brftain Favors
Sending War Vessels
Rouniania Officially An
nounces She Will Follow
Italy, While Greece, Ser
via and Montenegro Will
Do likewise Await the
Action of Turkey.
Washington, Sept. (.
The German and Austrian
consular officers have been
ordered by Great Britain to
leave Egypt immediately.
Roumania has officially an
nounced if she abandons her
neutral attitude it will be to
follow Italy's -course. Great
Britain has informed the
L'nited States she would
look with favor on sending
American warships to Turk
ish ports to care for the
Christians in case there was
a Mohammedan uprising
against them.
These developments arc
in a highly critical situation
brought about by the feeling
of the triple entente that
Turkey is certain to join the
conflict on the side of Aus
tria and German v, and were!
conveyed today in official
dispatches to the United
State government.
Whether Turkey will join
the war may depend finally
on the attitude of the Balkan
states and Italy. Roumania's
announcement that she in
tended following Italy is re
garded as meaning that
both countries would sup
port Great Britain, Russia
and France. Roumania's
position is a surprise, as it
was believed she might be
swayed by her secret alli
ance with Austria. Turkey
has felt certain that Bulgaria
would fight with her. but
Roumania's announcement,
it is thought, would effect a
change. With Greece, Ser
via, Montenegro. Italy and
Roumania ioined solidlv
against the Ottoman em
pire, Bulgaria's Slavic sym
pathies may cause her to
withhold from the conflict
Washington, Sept. 6. The British
review of the first month of the war
was received in a cablegram to the
Fritish embassy here today. During
the month, the command of the sea
was left unchallenged in the British
and allies hands. The main German
and Austrian fleets remain in the har
bor under the shelter of mines and
batteries. Four German cruisers, one
auxilliary cruiser, two destroyers, one
submarine and one Austrian cruiser
have been sunk and one German
dreadna light and one cruiser fled v.'ith-
t Continued on Page Two.
v v
Troops Are Far Superior to
Depositors Requested to
Call at the Bank Today
The committee work.nyr on the re- t SecurniK mid proieiiy tiibaiatng
opening of the American National and verifying the accounts of some
Rank requests depositors who hat four or five thousand depositors is
not yet signed the depositors'
agreement, to call at the bank any
time after 9 o'clock this morning and
do so.
Former U. S. Senator Mil Vi
ton Writes to Secretary
of Treasurv M'Adoo.
Bankers. Instead of Ad
vancing $40 Per Bale Are
Playing Safe and Loan
Onlv $20 and $25.
Senator Milton Suggests
That the Government
"Make the Loans Direct,
Using Banks as Agents
That the plan decided upon .t the.
recent conference in Washington for
aiding the cotton planters jf the
South is proving the. failure antici
pated and that if the government con
tinues this policy it will result in driv
ing the price of the staple to 5 cents
per pound and below, is the statement
of Former United States Senator ".
II. Milton in a letter he has address
ed to Secretary of the Treasury Mc
Adoo. Mr. Milton is one of the oldest
bankers in point of active business
in Florida, and also is a cotton planter
on an extensive seale. Mr. Milton
in his letter suggests a different plan
to the secretary of the treasury which,
he says, would prove of benefit to
the planter. This plan is for the afternoon, there was not a single bato
government to make loan.-: of $40 per of cotton in the warehouse. The farm
bale direct to the farmer, using the ers are ginning their cotton and car
banks as local agents and giving them ryir.g it home, and not endeavoring
one-half of the interest on these loans to pay their debts because there is no
for their services in seeing that the sale for cotton and the advance made
cotton is of the proper grade, is ware
housed and insured. Mr. Milton's let
ter to Secretary McAdoo follows:
Marianna, Fla., Sept. 3, 1914.
Honorable Wm. G. McAdoo, Secretary
of Treasury, Washington, D. C.
Sir: At the meeting of the cotton
conference, I was firmly convinced
that the suggestion and plan which
the mnioritv of the conference favor-
ed for the relief of the cotton situa-
tion. and improvement of general con-
anions, wouiu ava.ii noining because passed, aid nor oegin to compare wiv.ii
It would be Impracticable to carry present conditions. They are so bad,
out the plan as outlined. And while that I think it will take heroic meas
the plan suggested by me met with ures and the entire strength of the
very little consideration, I am still government to tide us to normal con
convinced that it Is the only practi- ditions. and 1 believe that it is such a
cable plan of relief, and since my re- condition that it is the government's
turn from the conference, and seeing duty to render all help needed, and
conditions in the South going from that statesman should not be deterred
bad to worse, I feel that it is prob- from action suggestions of pater
ably my duty to again urge this plan, nalism. In j. : tt catastrophies and
It was the consensus of opinion at misfortunes, t. -f government has here
the cotton conference, and I agreed . tofore made a opropriations for the
with it. that the retirement of four j relief of its .tizens, as in the San
million bales of cotton from the mar-1 Francisco en i thuu ake. and in other
SEPTEMBER 7, 1914.
a 4 a 4.
U. S.
to Turkey
a tremendous clerical job and the
committee requests the co-operation
of all depositors in facilitating the
! work.
ket. at a price of $40 and over per
ale. would relieve the situation. Aot-
ine on this, you stated that
j Southern bunks could lake out new
i circulation to the amount of One
Hundred and Seventy Million Dol
lars, and that this would take care
Of the situation. And this fund Is
umrle to t.-ike care of it. if it were
used In retiring four million bales f
cotton. But this retirement could only
be donn by unanimous agreement
among: the bankers, who cm take out
th;s circulation, th.it thy will retire
four million hales of cotton, by ad
vanvincr thereon forty dollars per bale;
but the Southern bankers will not
be able to got together and act along
this line. Kavh of these banks are
willing, and w ll; advance money on
cotton, but, as ' they io rot know
when the cotton can bo sold, and what
will be Its market value, each will
endeavor, and are endeavoring, to
make their loans on cotton, safe.
Therefore, insu.-.id of lending 8c per
pound, or $40 per bale, they will ienrt
less than that, and arc- lending $20
ar.d $2j per bale. Thes-i small loans
will reduce, and are reducing, the
selling price of cotton, becau? the
buyers will base their price on what
the banks will advance on cotton,
this will result in the price of cotton
going to 5 cents per pound, and when
it gets to 5 cents per pound. th
banks for safety of their loans will
begin to lend less, until cotton w-ill
practically have no loan value. Thera
is now no sale for cotton.
I was in Marianna last week, which
town is situated in the center of a
county which produced twenty thou
sand bales, and at this season of the
year there are usually forty to fifty
bales of cotton brought in ea- h day.
There was practically none broJKht
to town, and as I ieft there Sunday
by banks ar no; sufficient. The
consequence will be, that as notes
mature, they cannot he paid, and prob
ably will not be renewed. Suita will
be entered, ard these suits will con -
tinue to grow in number until practl-
cally all values are wiped out, be-
cause, at forced sale now, property
brings practically nothing.
This Is tht- most serious situation
that I have ever confronted. The panic j
of 1S93 and l.'OT, through which I J
a m a.
v :"v-.- : ' V
calamities, and there is even more rea
son why it is necessary and right to
j make appropriation to tide over mis
fortune Its entire people, and it
amounts to that.
Valua Is Nation-w.do.
The value of cotton is not a sec
tional problem, but is nation-wide. Jt
Is true, that the corn and grain states
have an enormous yield of products.
i and that speculation has run up its
values, but these people will be hamp
j ered in transportation of their pro
ducts to foreign countries, nnd must,
to a great extent, depend on their
market in the United States. The cot
ton states are the largest customers
of the provision producing states, and
you can readily see that if cotton does
not command cash, that the grain
states will suffer, to an extent, for
loss of this market. The longer tho de
lay in relief, the more difficult it
will he to stem the downward trend
of prices, and to restore normal con
ditions. If the products- of the south do not
command cash at a fair value, notes
cannot be raid, and it means trie
wrecking of many business institu
tions in tho south, because the banks
cannot procure currency unless they
have commercial paper, and their pa
per will not be commercial paper be
cause there will be no hope of its be
ing paid, as the usual cash crop will
not bring cash, to pay with.
Make Loans Direct.
Tf you have not tiie power to put
into operation direct relief to tho
people. I b'diove, on a recommendation
from you, thai congress will Kive you
such power, and I believe that you
can give Immediate relief along the
lines I suggested, and that this relief
should come in the form of direct loans
on cotton, and, if necessary, othT
non-perishable products of the coun
try. Speaking for the cotton producer,
because I an more familiar with the
cotton proposition. I believe that if you
will lend, 'direct, S40 per bale, or S cents
per pourtd on cotton, middling ha. is,
to the extent of lending on four or
five million bales, that tho entire situ
ation can, and will, be saved. Such
loans can tie put in operation directly.
without the appointment of a single
new agent, and merely by printing
a half dozen, or . s, forms, because
th loan can bo rnu.de direct througii
the local banks. say at four, five, or
six per cent interest. let the gov
ernment pay these local banks one
half of the interest on the loan for
their services, and their guarantee:
that the cotton upon which the loan Is
made, is properly warehoused; of a
certain weight; of a certain grade;
that it is covered by fire insurance;
and that the title of the bale goes
with the delivery of the receipt. For
instance, say a man comes to my
bank with ten bales of cotton, weight
5,250 pounds. I deduct 25 pounds from
each bale to make my bank safe on
Its guarantee of grade and weight,
and deliver him four hundred dollars.
I take his note direct to you, or some
bank that you designate; and attach
to this note his warehouse receipts
for the ten bales of cotton. Then, to
get back the money my bank advanced,
I draw on you, or the designated bank,
for $4040, sign this draft, and a cer
tificate, which is made a part of the
draft, certifying that I have advanced
for the government $400 on ten bales of
cotton, weighing not lean than 5.000
pounds, and averaging not less than
(.Continued on Page Tao.i
a c t
Party Aboard Tug Gladys
Coming From Fishing
Banks Saw the Steamer
and War Vessel Ap
proaching Without Any
Fights Showing.
As was suspected when ; i :!--rmm
steamer Xavariu fir:;t Ixan tak
ing a cargo of coal here t lie latter
was for a war vessel of th. O.-iti an
navy. The Oerman cruiser wcs -ixht-ed
in the gulf on neveral ocvjxIomh
and Saturday afternoon lnt t'i Na
varra proceeded out with her il
;.nd supplies. When the tug tlladyn
was returning from tlie snapper limit
Saturday night without any i'hfn
showing she ran up on both th Xa
varra and war vessel. The, wr
then approaching one another OUiout
any lights showing, althouKh the war
vessel at one time turned on all linhtst
in order to show her whereabouts to
tho the N'avarra.
The Oladys had a party aboard who
spent all of Satur.lay about sixtoen
miles out in the gulf fishing. After
nuikinar a. prood catch the party' start
ed for hom shortly after dark and It
was then discovered the tug had no
oil on board and consequently no lijrhts
oould be displayed. It was for this
reason that the war vessel and the
steamer Navarra did not see tbe titsr
until shfi was within a short distance
of them. J. M. Mcintosh was ono of
the party aboard the (Jladys and yes
terday ho told a Journal representa
tive of what he fj.w as follows:
"About sundown wo .sighted the
Xnvarra steaming out into the gulf,
going to our right, where hhe remain
ed perfectly btill without any light.
Between 8 and 9 o'clock we. pulled itf
anchor to start for the city when w
discovered that wo had no oil for
liphts r-Acept tho light in th engine
room. We sighted a largo sailing ven
sel three or four miles to our right
and wo started out to her to get oil.
Just an we started a large well lightcxl
vessel came inside from the gulf and
then turned off all lights. On our way
to the sailing vessel we passed with
in about three hundred yards of tho
N'avarra, still not lighted. After wo
passed about a. mile she steamed off
coming toward the bar, finally chang
ing her course and running toward tn
for about four miles, coming up on
our right within ppeiaking dLsfaie e.
However, she. was ftiil dark ard v
could "e no one. After the Nav.irr.
had discovered what we were sh'
changed her c(Jurso and went imme
diately toward the large vessel. Tiu.i
large vessel then turned rn lor 1:1. t
agni'.i and we watched her for sr,m.
little time and ai beat we could t' l:
they were advancing toward earn oili
er. "We finally overtook the sailing ves
sel and found it to be one of Saun
ders fishing fmacks, Captain Han
sen in charge. She had been out on
a fishing trip for about three weeks.
We obtained oil from her and towed
her to the city wharf, reaching tho
city about 11:30. My opinion is, con
cluded Mr. Mcintosh, "that the. N'a
varra steamed out to the large vessel
and transferred her cargo, and I be
lieve the larger boat was a German
Thos In the party were, besides Mr.
Mcintosh, were Captain Green, Nei
Smith, Mr. Russell and Mr. McLellan.
Rome, Sept. 6. Coronation of 1'op
Benedict XV took place today in
Sistene Chapel. The ceremony wa.i
imposing in solemnity. Later in thi
day the Pope received successively in
private audience, Cardinals Gibbon
and Farley and O'Connell who pte
sented their suites and some Ameri
can friends.

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