Newspaper Page Text
READJUSTMENT OF
U. S. BUSINESS
BUSINESS WORLD IS NOW GOING
THROUGH PERIOD OF
TRANSITION
RESERVE BOARD STATEMENT
Reduction In Retail Prices Begun In
May Became Almost Universal
During Month Of June
Washington.—Business is passing
through a period of readjustment and,
in many instances, of depression, the
federal reserve board declares in its
June review of general business and
financial conditions of the country.
“There is, however, every indica¬
tion that this transition period will
not tost long—indeed that the turn to¬
ward new conditions has already been
taken," declares the board’s summary
of reports of its agents, who, taking
the country as a whole, finds consid¬
erable variation in business conditions.
Reduction in retail prices, begun in
May, became universal during June.
It is said in explanation of the contin¬
ued large volume of retail trade, that
this is beneficial to the country. The
price cutting movement, the board ob¬
serves, has been aided by the refusal
of the public to pay high prices, al¬
though the tendency of wholesale
prices to maintain current levels is
declared to have been a counteracting
influence. Except for clothing and
shoes, all essential commodities, in¬
cluding foodstuffs, show little indica¬
tion of reduction, but luxuries and non
essentials in many lines have been
“distinctly cut.”
“Quite generally there is a tenden¬
cy to settle down to a readjustment
basis and to proceed with business
upon a new level of prices and de¬
mand,” the board asserts. “Control of
credit and discrimination between non
essential and speculative borrowing
are producing some results, although
these are reported as developing
themselves slowly and gradually. The
present price situation is unsettled,
and is being closely watched. While
some price reporting agencies show a
reduction, others show increases.”
Although some improvement in
transportation is noted the railroads
are said not to have yet overcome the
breakdown and a “great ccngetsion of
goods” is reporte dto still exist. Fre¬
quent complaints of car shortage aie
reflected by the agents’ reports, some
indicating a menacing shortage of
coal, which, unless remedied, will “se¬
riously interfere with manufacturing.”
The reports for the month on man¬
ufacturing ranged from extreme opti¬
mism to equally extreme pessimism.
Possibly the most encouraging fac¬
tor for the month is the improvement
of agricultural prospects, all < rcys, ex¬
cept cotton showing improvement with
the seasonable w r eather, good distribu¬
tion of rainfall and replanting of crops.
AMERICAN ASKS FOR THE
ADDRESSES OF -LONDON
TAILORS AND THE PRICES
Query From California Excites The
Lord Mayor Of London To
Quick Action
London.—A few days ago the lord
mayor received a letter from H. J.
Holmes, 1308 North Wilson avenue,
Pasadena, Cal., asking for addresses
of tailors and for clothing prices.
Addressing the lord mayor, Mr.
Holmes declares that the American
people are “sweating unuder the yoke
of profiteers,” that he knows English
clothing prices are within reason and
that he can sell scores of suits in his
own neighborhood if some good Lon¬
don tailor will get into communication
with him.
The lord mayor has referred the let¬
ter to the London chamber of com¬
merce, which has written several tai¬
lors. These at once posted the let¬
ter prominently in their windows un¬
der such headings as “From the Lord
Mayor to Us.” As there is a wave of
price cutting among the cheaper tai¬
lors since a member of parliament, Mr.
Mallaby Deeley, opened a large mass
production shop to sell tailored suits
at less than $25, the letter from Cali¬
fornia was worked in flamboyant shop
fronts to best advantage.
No doubt London styles will be com¬
monly seen on the streets of Pasadena
this summer.
Vote For Chile’s President Very Close
Santiago, Chile.—A computation of
the vote for members of the electoral
cpllege cast at the presidential elec¬
tion recently, given out by th minis¬
try of the interior, shoks Arturo Ales
eandri, candidate of the Allied Lib¬
erals, leading with 173 votes in the
college as against 169 for Luis Bar
ros Borgono, the nominee of the Mod¬
erate Liberals, of liberal union. There
are twelve presidential electors yet
to Tte heard from. The complete elec¬
toral college has a total of 354 mem¬
bers.
$100,000,000 Budget For N. Y. Schools
New York.—Here is the largest bud¬
get for public educational work ever
planned by a single city. New York
City will spend next year the unpre¬
cedented total of one hundred million
dollars. And this budget, now being
discussed by the board of education,
does not include plans for new build¬
ing which will amount to fifteen mil¬
lion dollars more. Of this amount, the
increase in salaries of teachers will
account for a great deal of the jump
from the fifty-four million dollars
•C«at this year.
JENKINS CASE
Bandit Cordova Crsos-Examined
Four Hours, But Failed To Make
Any Disclosure
Mexico City.—Several Indians,
amined with regard to their previous
testimony in the case of William* O.
Jenkins, of Shelbyville, Tenn., former
American consular agent, at Puebla;
testified that they were suspneded in
the air, struck and threatened with
death by shooting until they agreed
to testify against Jenkins, according
to a Puebla dispatch to El Universale,
Jenkins was kidnaped by the bandit,
Frederico Cordova last fall and later
was charged with complicity in his
own capture.
The testimony is being heard before
the third criminal court of Puebla.
Ignacio Vasquez, fomrer secretary of
the second criminal court, declared the
court papers were stolen to damage
the case against Jenkins and the judge
was deposed when he was about to
free the American. hTe bandit Cor¬
dova was cross-examined for four
hours, but his testimony was not dis¬
closed. '
Interviewed in Mexico City on his
arrival from Puebla, Cordova said be
had kidnapped Jenkins, but the latter
was not an accomplice. The agents
of the Caranza government, Cordova
asserted, had made attempts to induce
him to testify the kidnaping was the
result of a scheme between himself
and Jenkins, but he had declined to
make such a statement. Any decla¬
rations purporting to come from him
accusing Jenkins of being implicated
in his capture, Cordova asserted, were
pure fabrications.
EMBARGO ON TRANSPORT
OF BUILDING MATERIALS
ORDERED BY RAILROADS
Sufficient Material At Building Plants
To Present Requirements Of
That Industry
New York.—Declaring the railroads
have placed a virtual embargo on the
transportation of building materials by
virtue of recent car service orders,
Senator Wiliam M. Calder, chairman
of the senate special committee on re¬
construction and production, has ap¬
pealed to the interstate commerce
commission for a hearing to permit
the building industry to present its
case.
Senator Calder said he had evidence
from leading building material manu¬
facturers that there now is sufficient
material at the several plans to meet
all present requirmeents of the indus¬
try.
The lack of railroad cars, the sena¬
tor explained, has reduced the ship¬
ment 66 2 / 31 / 2 , making the housing
situation in New York City and over
the country increasingly serious.
EIGHT INDICTED FOR
ALLEGED CONSPIRACY
IN CASE OF BERGDOLL
Philadelphia.—The special federal
grand jury which investigated the es¬
cape of Grover Cleveland Bergdoil
from his military guards here May 21,
returned eight indictments. Those
named were: Grover Cleveland Berg
doll; Erwin Bergdoil, his brother;
Charles A. Braun, also a brother, but
who changed Lis name; Mrs. Emma
C. Bergdoil, the mother; James E.
Romig, former magistrate and friend
of the Bergdoil family; Eugene Ste
chre, driver of the car in which Berg
doll made his escape; Alfred S. Mitch¬
ell and Harry Shuh. They are accused
of conspiring with aiding Grover to
dodge the draft, and with aiding him
to escape from his two army guards
after he was reported to have come
here to hunt for buried treasure.
Indicted For Fraud In Oil Stock Sales
New York.—The federal grand jury
which indicted fourteen concerns in
connection with a “nation-wide round¬
up” of alleged fraudulent oil promot¬
ers, indicted Blum, Reynolds & Co.,
New York brokers, on charges of us¬
ing the mails to defraud investors in
the stocks of the Henderson Farm Oil
company of Delaware. The indictment
charges that the Henderson company
owned 2,795 acres of productive oil
lands in Kentucky. In alleged promo¬
tion and sales of the stock the indict¬
ment charges that the defendants rep¬
resented falsely that the company was
established as a producer, assured of
earnings for payment of dividends.
Railway Men Move For “One Union”
Chicago.—Plans for a “one big un¬
ion” movement among railroad em¬
ployees were reported to have been
revived here at'a secret conference at
which, leaders declared, 105 delegates
from American Federation of Labor
locals throughout the country were
present. R. M. Keifer, district chair¬
man, denied that the organization had
any radical intent or that a strike was
being considered. “We simply believe
that all railroad workers should boU ug
to one union, instead of half a dozen
brotherhoods,’’ Keifer said.
Huns Not To Insist On 200,000 Army
Paris.—German delegates at the Spa
conference will not insist upon the
maintenance of an army of 200,000
men, according to the Echo de Paris
which quotes an unarmed diplomat
who asserts the German representa¬
tives will ask the allies to reconsider
indemnity demands. The Spa meeting
would thus be a mere formality, and
the financial conference to be held in
Brussels, will be most important, as
it is possible a financial agreement
will be reached there.
THE COVINGTON NEWS, GEORGIA
WARN FOREIGNERS
NOT TO INTERFERE
WILL NOT TOLERATE INTERFER.
ENCE WITH MERCHANT
MARINE
WESTERNERS HEAR ADDRESS
Foreign Interests Told Not To At¬
tempt To Sidetrack American
Shipping
Washington.—Warning foreign in¬
terests not to attempt to interfere
with the development of the American
merchant marine. Chairman Benson of
the shipping board declares that the
board is determined to build up an
American merchant marine as contem¬
plated by the Jones shipping act, des¬
pite threats and propaganda by such
interests to defeat the law.
“The United States,” says Admiral
Benson, “is in earnest in its efforts
to place within the ownership by
United States citizens the control of
at least a part of its traffic in im¬
ports and exports. If it should by
any possible means be held that the
departments of the government lack
such authority as will insure their be¬
ing able to protect American interests
in such control, additional authority
will be asked by the administration,
and will undoubtedly be granted by
congress.
“Foreign carriers and those in the
United States interested more in for¬
eign than American institutions will
do well to ‘let sleeping dogs lie.’ ”
Admiral Benson’s warning w T as
sounded in a talk to representatives
of Pacific coast chambers of com¬
merce and trade bodies and American
railroads who have been disturbed by
threats of foreign carriers to divert
business from American ports on the
Pacific coast because of the section
of the merchant marine act permitting
a preferential rate over carriers with¬
in the United States on merchandise
moving in export and import in Amer¬
ican vessels.
Such a threat, the admiral says, is
“futile and idle.”
“If such a threat is sincere and the
attempt is made to so divert the busi¬
ness,” Admiral Benson goes on to say,
“the shipping board will allocate
American ships to move the business.
The shipping board and the inter¬
state commerce commission will fol¬
low this action by other action which
will further protect the interests of
the United States against such for¬
eign efforts to defeat the purposes of
the merchant marine act.”
Nothing could more surely bring
about the enforcement of this section
of the law than adoption by foreign
carriers of their threat to divert busi¬
ness from American ports.
“As this section is to be used only
where there is an ample American ton¬
nage to handle the export business
in a foreign country or a possession
of the United States, we cannot con¬
ceive how any one who has studied
this law can assume that the shipping
board 'would make any general appli¬
cation of this section. There will cer¬
tainly be’ no enforcement of the pro¬
vision without concurrent action which
will fuly protect all American inter¬
ests.
“The transportation act has igiv
en the interstate commerce commis¬
sion authority in ’emergency’ to direct
traffic or establish embargoes against
movement of freights. It also has au¬
thority to establish minimum rates
on any commodity moving subject to
the interstate commerce act within
the 'United States.
“The commission is aware of the
necessity for preventing the distorting
of traffic upon the railroads of the
United States such as would be ac¬
complished by an effort by foreign
carriers to divert the export and im¬
port traffic now moving between Pa¬
cific coast ports of the United States
and the Orient either to British Co¬
lumbia or to ports of the Atlantic.”
U. S. Mission At Yochow Is Attacked
London.—Southern troops have oc¬
cupied Yoochow, China, following an
attack upon the American mission at
that point, according to a Reuters dis¬
patch from Shanghai. Bandits are re¬
ported to be terrorizing the Hankow
district, necessitating joint action by
American and British squadrons on
the Yangtse. Admiral Cleavee went
to Hankow recently.
3.000 Street Car Men Quit At N. O.
New Orleans.—With deputy United
States marshals guarding gas and
electric plants, car barns and roll¬
ing stock of the New Orleans Railway
and Light company, plans were being
put into effect to offset the strike of
3.000 street car men. Soldiers at
Jackson barracks threatened violence
of a nature which the federal officers
cannot take car of, it is announced.
The strike followed failure of union
workers and the federal receiver tc
reach an agreement as to wages.
More Than Million Loyalty Premium
New York.—Distribution of more
tha na million dollars’ worth of pre¬
ferred stock has begun by the Todd
Ship Yards corporation to employees
at its yards here and at Tacoma,
Washington, it is announced. The dis¬
bursement is a “loyalty premium” for
faithful and efficient service for the
last four years. Each man will re¬
ceive from one to fifty shares, now
quoted at $165 and paying 10 per cent
dividends. Allotments are being made
according to length of employment
and nature of service.
VILLA PLATFORM ANNOUNCED
Promises Establishment Of Democrat
ic Government, Of The People, For
The People And By The People
Washington.—Efforts of the new
Mexican government to obtain recog¬
nition from the United States were
initiated by Fernando Iglesias Calde¬
ron, Mexican high commissioner to
this country, who held a lengthy con¬
ference with Acting Secretary of State
Davis. Arguments and pleas for rec¬
ognition were presented by Mr. Cal¬
deron to Secretary Davis, who, prior
to the conference, announced that the
matter would be referred to President
Wilson.
The mission of which Mr. Calderon
is the head, it is learned, has not plan¬
ned to begin the work of obtaining
recognition so soon, but developments
in Mexico were considered by mem¬
bers of the mission, said to make haste
advisable.
Unrest in the Mexican congress
which has developed within the past
two weeks and the outbreak of a new
revolution against the federal govern¬
ment in the state of Tamaulipas, which
has been reported to the state depart¬
ment, led the mission and its Ameri¬
can advisers to decide in favor of
quick action.
No information was forthcoming re¬
garding the second “special mission”
headed by Judge Alberto M. Gonzalez,
an associate justice of the supreme
court of Mexico, which the state de¬
partment has been informed left Mex¬
ico City recently.
Official agents of Francisco Villa
have been active in Washington, is¬
suing a statement of General Villa’s
stand on a number of matters of na¬
tional importance. They also denied
reports from Mexico that the rebel
chief, who has refused to join the pres¬
ent regime^ in Mexico, sought the pres¬
idency of the republic for himself.
Planks in the “platform” announced
by Villa agents include:
Maintenance of the legal institutions
of the republic of Mexico under the
constitution of 1857.
Establishment of a democratic gov¬
ernment of the people, by the people
and for the people.
Elections free from official inter¬
ference.
Subdivision of the large land-hold¬
ings, fully respecting all vested rights.
Extension of educational facilities,
especially more schools foi; the lower
classes.
Reorganization of the banking sys¬
tem of Mexico.
Resumption as soon as possible of
the amortization of the public debt
service.
Protection of all foreign capital le¬
gitimately invested in Mexico and the
safeguarding of all vested rights.
Development and promotion of in¬
dustries and commerce.
CUBANS HOLDING SUGAR
FOR 24 CENTS POUND;
v 2,180,000 SACKS STORED
Havana.—Cuban cane-growers, su¬
gar-mill owners and brokers, claiming
to control the sale of 2,180,000 sacks
of unsold sugar, went on record as
definitely pledged not to offer any
more sugar for sale until the price had
reached 24 cents a pound, the level
reached during the last half of May.
This decision was reached at a mass
meeting, which was presided over by
Miguel Arango, president of the As¬
sociation of Hacendados and Colonos
of Cuba. At this meeting a committee
of twelve, headed by Arango, was se¬
lected to act as the exclusive selling
agency of those represented at the
meeting. Participants pledged them¬
selves to withdraw from the market
all offers for the sale of sugar and
sell none except through the medium
of the committee, which is pledged to
make no sales for less than 24 cents
a pound.
The amount of unsold Cpban sugar
was estimated by a member of the
selling committee at 3,390,600 sacks,
their holding at 2,180,000 sacks, leav¬
ing only 1,740,000 sacks under outside
control. Efforts are being made to
bring these into the pool.
Death Ordered For General Gonzales
Mexico City.—Gen. Francisco Gonza¬
les, former governor of the state of
Tamaulipas, has been ordered execut¬
ed by Gfen. P. Elias Calles, secretary
of war. Gonzales w T as captured re¬
cently.
Anti-Jap Agitation Attacked In West
Tokio.—The recrudescence of anti
Japanese agitation in California is at¬
tracting widespread attention in Ja¬
pan. The national convention v of
chambers of commerce has adopted a
resolution declaring that the agitation
i eassuming grave proportions, and ex¬
pressing the fear that if it 13 left un¬
checked the interests of Japanese in
California, the result of years of toil
and labor, will be doomed. The res
olution requests the appointment of a
committee of twenty-five to discuss
defensive ways and means.
Killing Is Caused By Religious Row
Toledo, Ohio.—Albert Sherman, liv¬
ing near Petersburg, Mich., has been
arrested charged with the killing of
Walter Gilday of Erie, Mich., during a
religious controversy at North White
ford, Mich. He is alleged to have
fired the shot which killed Gilday fol¬
lowing an all-night meeting addressed
by Louis J. King. King claims to be
1 former priest, and devotes his time
to speeches against the Catholic
riiurch. Sherman, who was acting as
1 temporary officer to guard King,
jays he shot in self-defense.
CQX IS DECLARED
PARTY NOMINEE
ALL DELEGATES SERONG FOR
NOMINEE AFTER THE
44th BALLOT
HAD REACHED 702 VOTES
After All-Night Fight Is Nominated—
Nominee Reached 702 Votes In
The Final Balloting
»
San Francisco.—Tuesday morning
Governor James M. Cox, of Ohio, was
nominated by acclamation by the Dem¬
ocratic national convention after 44
ballots had been taken.
Cox had reached 702 votes in the
balloting, McAdoo leaders then made
the motion be unanimous by aclama
tion. There was a scene of uproar
and for several minutes Chairman
Robinson could not act on the motion.
x\s soon as Amidon made his motion
at 1:40 the floor became a mass of
excited delegates and the hall was
in an uproar. Half a dozen parade*
were going around at the same time.
Then began a vociferous demonstra¬
tion with delegations marching
through the aisles led by bands.
McAdoo’s last vote on the 44th bal¬
lot was 270.
“It’s wonderful! It’s marvelous! I
JAMES M. COX
am overcome with joy,” said Mrs. Dan
J. Mahoney, daughter of the nominee,
who was sitting with the International
News Service reporters. “Of course,
Le will be elected. It was a glorious
fight and a brave one. The loyalty of
his friends was superb. I shall never
forget it.”
Mrs. Mahoney was overcome with
congratulations. She held reception
with other delegates as they streamed
by the International News Service
seats.
Tears were in her eyes. Not many
hours before she had talked with her
father over the International News
Service wire in his newspaper at Day
ton, Ohio.
“We are doing all we can for you,”
she wired him.
Chairman Robinson, himself, pro¬
posed adjournment at 1:50 until noon
Tuesday, and it was carried unani¬
mously.
“I am happy over the happy termi¬
nation of a great convention,” declar¬
ed Homer S. Cummings/, chairman
of the Democratic national committee,
one of the defeated candidates.
“I have known ‘Jimmy’ Cox for
thirty years. He is a country editor,
a fine man, a splendid candidate,”
Said Mrs. Antoinette Funk, as she
:eft the hall following the nomination.
“The nomination of Cox was done in
the convention assembled and not in
a hotel in the wee hours of the morn¬
ing. Governor Cox will sweep New
York and the country.
“Will the women work as hard for
Governor Cox as they would have for
some other candidate?” Mrs. Funk
was asked.
“No, I do not believe so,” she an
swered, “but it will be difficult to get
them enthusiastic.”
“Will you do your part?” she was
asked. .
“I certainly will,, she said.
Mrs. Funk had worked night and
day in the interest of Mr. McAdoo, up
to the very last moment.
“I am more than satisfied,” said
Charley Murphy, Tammany leader of
New York.
Eight Persons Killed In R. R. Wreck
McAlester, Okla. — Eight persons
were killed, twelve seriously injured
and ten others suffered minor injur¬
ies when a Missouri, Kansas and Tex¬
as freight train smashed into the rear
end of a carnival company’s special
in the Atoka yards, about thirty miles
south of here.
Miners Attacked Holding Meeting
Williamson, W. Va.—One man was
killed and three are known to have
been wounded in a battle at Roder
field. According to the stories told
to the authorities, the miners at Rod
erfield formed a union organization
on Friday, and Sunday afternoon w^ere
holding a meeting in the open air
when they were fired upon from the
brush on the mountain side. Many of
the miners who were armed sought
cover, it was asserted, and returned
the fire, the shooting lasting for some
time.
aspirin
Name “Bayer” on G
ine Aspirin proved safe b
and prescribed by physician
twenty years. Accept only an
“Bayer package” which conta
directions to relieve Headac
ache, Earache, Neuralgia, Rh
Colds and Pain. Handy*In
tablets cost few cents. Drug
sell larger “Bayer packages,
is trade mark Bayer Marmfae
oaceticacidester of Salicylica
We All May Do It.
“New suit, eh?”
“New suit nothing. This'
years because I told her I
might need it to go fishing 1
INVENTIVE GENIU
ROBS GALOME
NAUSEA AND D
Doctors’ Favorite Medi
Purified and Refined
Objectionable Effects,
tabs”—tbe New Name
What will human ingenuity
Smokeless powder, wireless
horseless carriages, colorless io
less quinine,—now comes naus
mel. The new improvement e
tabs” is now on sale at drugs
For biliousness, constipatio'
gestion the new calomel tablet
tically perfect remedy, as ev
the fact that the manufacture
thorized all druggists to refun
if the customer is not “perfect!
with Calotabs. One tablet at b
a swallow of water—that’s all.
ing no nausea, no griping, no salts,
your liver is thoroughly el
you tite. are Eat feeling fine, with a h
what you please—no
about your business.
Calotabs are not sold in bu
original package, sealed. Pr
live cents.— (adv.)
Committed.
“What’s the fuss in the y
“Our dog has just bitter;
date.”
“I wish our dog would k
politics. I didn’t intend t
that feller, but now I s’pose
SAY “DIAMOND D
Don’t streak or ruin your ma
poor dye. Insist on “Diam
Easy directions in package.
“CORNS
Lift Right Off With
Doesn’t hurt a bit! Dr
“Freezone” on an aching cor
that corn stops hurting, th
you lift it right off with fing
Your druggist sells a tin
“Freezone” for a few cents,
remove every hard corn, so
corn between the toes, and t'
without soreness or irritatio
Oh, Fudge!
“Got anything in the si
house?” “Got a full line
Exact shape of a house.”
Dont Forget Cuticura
When adding to your toilet
An exquisitely scented face,
and dusting powder and pe
dering other perfumes s
You may rely on it because
Trio (Soap, Oint
Talcum), 25c each everywf
Probable Reason.
Boreleigh — I wonder
never asks me arou
Bangs—She probably lc
Sunday as a day of rest.
SHOES AND S
They will last twfce as long 1
Vour Shoes ALLEN’S FOOT
Healing powder tor
away the sting ol Cor
sore, aching, swollen.
Foot=Ease stops the fr
the wear on shoes an
expense and makes walki
it Into your shoes. Sprln
Sold everywhere.—A
The Idea.
He—Madam, I intend to
7 own house.
She—Well, you know wh
itions lead to, don't you?
Dr. Feery's "Dead Shot” 1*
>. One dose Is enough to
Tapeworm. No castor oil
Tf there is work enou
there is likely t
