Newspaper Page Text
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America FIRST and
all the time
VOL. XVIII
GRAFT IN CAMP JESUP CONTRACT IS CHARGED
NO FIFTH LIBERTY LOAN FOR U. §.
A TFederal warrant charging con
apiracy to defrand the Government out
of approximately SIOO,OOO in connection
with the sale of tools by the Pasco Tool
Company to Camp Jesup, was issued
Tuesday against John G. Pasco and S.
L. Dickey, members of the firm.
Federal authorities allege that Pasco
and Dickey bribed Lieutemant C. M.
Shepperson, purchasing officer officer at
Camp Jesup, to turn largelcontracts for
tools their way. Contracts amounting
%0 S3OOOOO were given the company, it
i= said, ome-third of that amount being
pure graft. Lientenant Shepperson is
alleged to have received $2,500 for his
share of the counspiraey.
Lieutenant Brought Back.
wnmmpermn. who left Camp
desup for ¢ soon after the deals
arq said to have been put through, was
brigght back to Atlanta to testify in
she case. He is now in the hands of
y military authorities.
, An indictment charging conspiracy
by bribery, was returned by the Fed
eral Grand Jury Monday. It was on
the strengih of this indictment that the
warrant was issued.
Government representatives have an
nounced that they expect to show the
Pasco Tool Company purchased tools
from other companies and added from
M to 200 per eent on their purchase
price, for the Camp Jesup sales.
Many Firms Shared.
It will be shown further that the com
panies which sold w the Paseo Tool
Company, obtained higher prices than
would have beem charged the Govern
ment in direet transaection,
The penalty, upon conviction of a
eharge of the character outlined, is a
sentence of two years in prison eor a
fine of SIO.OOO, or both
Bond was fixed by the District At
torney at SI.OOO for both Mr. Pasco
and Mr. Dickey. Mr. Pasco went to
the District Attorney’s offiee imme
diately after the issuance of the war
rant and made bond. Mr, Dickey was
out of the ecity, Mr. Pasco said, but
he agreed to notify his partner by
telephone and have him appear either
Tuesday afternoon or early Wednes
day morning.
61st Coast Artillery
. ¥
Due in Savannah Soon
SAVANNAH, ~Febh. 18.—The Sixty-first
Coast Artiller Regiment, containing the
historic nnat Volunteer Guards, is
expected here February 26 en route teo
¥ort Bereven, where it will be mustered
out Arrangements are being made here for
a great reciption and review of the regi
ment, whict the first ordered to Sa
vannah ' Sixty-first returned yeostes
day from Fran wher t arrived too
late so tive s
Twenty men ho ted in Qisor
ders attending the s trike of union
earmen on the vant dectric Company
lines last Christmas were indicted yester
day afternoon by the Superior Court grand
hwry
v ¢ . ye
Suffragists Will Go to
oy » *
Poston to ‘Greet’ Wilson
(By International News Service.)
WASHINGTON, Feb. 17.—Militant
suffragists have found it necessary
to revise all their plans, since it was
announced President Wilson will land
in Boston instead of New York.
They plan to greet him on his ar
rival in Boston with a band of “mili
tants” bearing the sort of banners
that hav gotten them into trou
ble with the police and public in
Washington several times,
THE WEATHER.
Forecast—Fair and warmer,
g_wm.h.‘,, A
.
; Use. Merchandise Methods
5
. .
{ To Sell Live Stock
} Good live stock, like good
merchandige, must be {
i hrought to the attention of
/ buyers before sales can be
§ made And the newspaper
§ i# the medium through )
which this is done ¢
2 $
In Atlanta, such sales are
3 moet quickly consummated %
¢ through The Georgian and
5 Aerrcan.
’ Over in thelr Want Ad pages
B a classification “lidve
3 Stoek,” which is most gen
-2 erally used by those who
. have poultry, dogs, cattle or
§ horses for sale, because they
know that through this me
{ dium they reach practically
} averybody worth while in At
s lnnta and its vieinity
¢ To make sales aconomieally
§ and quickly, describe what
3 you have to offer and say
¢ * where it may be seen, then ¢
send the ad or bring it to $
. .
The Georgian and American ;
! Atlanta’s Want Ad Directory |
' 20-22 East Alabama Street
! Read for Profit—Use for Results
Full International News Service
ino |
Restless, Prancing |
- P .I ¢
- Mountain Perils |
§ . $
. Town in Europe |
(By International News Service.) |
ARDIFF, Jan. 21 (by mail).— 5
‘ A moving mountain threat- $
: ens to demolish the village ?
of Victoria, near Ebbwvale. Al- |
ready the sliding mountain, which (
has not any regular method of lo- |
comotion, but simply goes by fits |
and starts, has caused the destruc- ;
! tion of 165 houses. 0
5 For some time, Domenfawer, a
{ mountain to the south, has shown :
3- tendency to move and heavy |
y and continued rains accelerated s
! the mountain slide. S
S S
'MW\MWMN
The proposal of labor leaders that
the organized workers of Atlanta, co
operating with other civie bodies in
terested in madntaining milk prices
at reasonable levels and inecreasing
the production, should get together in
a plan for a great co-operative dairy
near Atlanta te supply the city with
milk, was the newest element to be
injected into the investigataon
launched recently by the City Fed
eration of Women's Clubs to deter
mine why the price of milk in At
lanta is from 4 to 14 cents higher than
| in other cities.
It was learned Tuesday that a plan
for the establishment of a eo-operas.
tive dairy to supply milk at near-cost
prices to the people of Atlanta will be
presented to the next session of the
Atlanta Federation of Trades, with
the indorsement of a number of labor
unions and etvie hodies
May Start Boycott.
Mrs. A. McD. Wiison, president of
the City Federation of Women's Clubs,
was unable Tuesday to say whether
the co-operative dairy plan would
meet with the approval of the feder
ation. It was indicated that a strong
element in the federation favored a
boycott on loecal milk produects, and
it is probable that either this course
or the indorsement of the co-operative
movement will result from the next
session of the federation. The City
Federation of Women's Clubs is eom
posed of 111 affiliated erganizations,
with an aggregate membérship of 10,-
000 women, and it ig likely that its
action, to be taken at Thursday morn
ing’'s session at Edison Hall, will be
decisive and productive of certain re
sults,
Workers for the Associated Chari
ties expressed satisfaction at the
prospect of lower milk prices result
ing from the investigation and de
clared that the present high prices
were working a great injury on poor
children and invalids whose parents
or guardians were unable to pay the
price of 2§ cenis a quart being de
manded for pure milk. |
Have to Use Substitutes. |
“We are constantly coming into
contact with children and llnwvalids
whose physical welfare demands a
plentiful sapply of fresh cows’ milk,
and who are unable to obtain it at
the prevailing price,” said one of the
charity workers. “These people are|
consequently eompelled to resort to
eondensed milk and other substitutes
which do not contain the necessary
nutritive elements and as a result the
mortality rate among echildren is in
creasing, Mortalily rate is too weak
a term-——l mean that babies are dying
of starvation because they can't get
milk. ;
“It s surprising what a large num
ber of women age having to work-—
at msufficient wages—and support
children on their earnings. Wives ot
soldigrs, deserted wives and widows.
They leave their children at home of
necessity and can not supply natural
milk for this reason, and because of
the high price of cows' milk are com
pelled to substitute condensed milk
and grits for real food. The decreas
ing of the price of cggs helps some,
but milk is most essential
Demand Will Increase.
“With the coming of spring and
sunaner, the demand for milk neces
“arily 'oust increase. Children and
invalids In summer must have lots of
milk and eggs, because they can't eat
heavy fceds in gpriag, and people with
run-down condition who are put on
miik diews by their physicians-—and
there ¢re many 7 these-—~must have
real cow's milk and at reasonable
prices."”
At the office of the United States
food aaminissration it was stated that
no aclion could be taken by the Gov
ernment on milk prices here for the
reason that about 7% per cent of the
milk #old in Atiant pis sold direct to
the consumers by the producers. The
direct producer 18 exempted by the
law creatir g the feod administration
from its restrictions and regulatiens.
With the ending of the war and the
econsequent relaxation of food restric-
Continued on Page 2, Column 2. :
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‘,:_ I W ;j_q:‘[x fj NG NEWSPAPER Wz f'rfim;n"'\r‘\’\ \:fij ) RLRN o]
Rigid opposition of stockholders of
the Georgia Railway and Power
Company to municipal ownership and
*a bitter attack by Mayor Key on the
service rendered by the company were
disclosed in communications between
the Mayor and the company, made
public Tuesday.
Mayor Key brought about the com
pany’s admission of oppesition to the
sale of its properties by addressing
a letter to H. M. Atkinson, chairman
of the board of directors, asking for
definite figures on the sale to the city.
Mr. Atkinson replied that the stock
bclders were opposed to such a sale,
and in his letter he assailed municipal
cwnership in general.
Mayor’s Letter.
The Mayor's letter to Mr. Atkinson
follows:
“Dear Sir: 1 write to inquire when
I may expect your figures as greed
at which your company would be
willing to sell the local utilities, basis
actual value of physical properties,
to the city
“An early reply is important, espe
cially in view of the admitted inabil
ity of your company to give ample
service to the public.”
| Atkinson’s Reply.
Mr. Atkinson's reply, after three
| i e S NS 3 W B R MGRer RS M 3
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B T ey R e o R e :
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PR oG il i B R f'&' b b £TN RN
days, was received Monday after
noon. Here it is:
“Mayor J. L. Key—Dear Sir: 1
have your official letter of February
14th. Since our nersonal interview
scme little time before you became |
Mayor, to which you refer in your!
letter, T have consulted representa
tives of our stockholders, of whom
there are in George 1,146 (mainly
residents of Atlanta) and approxi
mately the same number outside of
Georgia, and find they strongly dis
approve of the idea we discussed,
namely, your desire to acquire Lhese
properties for the city. Their objec
tlon is equally definite as citizens, as
taxpayers (of whom they are among
the largest in the city), and as stock-
Lolders in these properties. In addi
tion to their objection” on account of
local eonditions, their opposition is
accentuated by the wave of revulsion
against publiec ownership, which
scems to be sweeping the country
and gaining momentum every day,
and their very great aversion to do
anything that might involve the prop
erties in a political discussion.
“You understand that the 23%
stockholders own these properties
and my authority is created and con- |
trolled by them and necessarily I can
not go counter to their wishes, How
ever, if you have anything concrete
in your mind I shall feel it my duty
to present it to them, being personal-
Iy of a reeeptive mind, as 1 told you
during our talk.”
Sale Once Favored.
Upon this situation the Mayor
commented as follows:
“When Mr. Atkinson agreed with me
to furnish the figures, basis actual
physieal valne of the properties, at
which the Georgly Railwey and Pow
er Company would sell the local vtili
ties to the city, 1 assumed that he
had authority to do what he agreed
to do. He assured me that he per
sonally favored the sale, As to this
he does not appear to have changed
s mind, He assured me also that
ne represented the eapital invested in
the bhusiness and was authorized to
speak for it. It is to be understaad
that the eity's purpose would be to
pay value dollar for dollar for the
properties, This could not do any
harm to anyone except to some one
who wanted to get something out of
the publie for nothing,
“If the stockholders are pernritted
1o vole this plan, then they should
ATLANTA, GA., TUESDAY, FEBRUARY 18, 1919
GIRLANGIRES: - |
MEN OF FULTON
T
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Sl eLO g RAR
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SRR e & -
fanemE AN
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N i e a 0 |
{is ; / :
S S s
e ol semie sißy u & .‘,
s b Lol Peal L G :
; Mrs. Lucile Woodward, secretary of the County Exemption
Board, who sped county selectmen on way with smiles,
— .
Mrs. Lucile Woodward, popular and
efficient clerk in the county exemption
board offices in the Courthouse, is one
of the young women of Atlanta who
has done a large bit for Uncle Sam in
the war against Germany—in faet, Mrs.
Woodward has the distinetion of having
sent more men to the army than any
other woman in the Southeast.
Mrs. Woodward for a long while has
acted as chief clerk for the county
board, and, as part of her duties, ecalled
and personally instructed hundreds of
Fulton County men, many of whom have
made splendid records in the Dbitter
fighting of the latter days of the great
walr, By direction of L. C. Whitney, of
East Point, chairman of tle county
board, Mrs, Woodward signed practical
ly all of the notices to county regis
trants to appear for examination and
for induction into the service,
And, because of the personal Interest
digplayed by Mrs. Woodward in each of
the registrants, the all cheerfully
shouldered arms for tze cause of Uncle
Sam. 3
zigut. C. S. Hamilton
Back to Atlanta Job
Lieutenant Claud 8, Hamilton, who has
been an instruetor of heavy artillery at
Camp Zachary Taylor, has received an
honorable discharge from the army, and
resumed his former position as chief clerk
in the Atlanta office of John A, Roebling's
Sons Co. Lieutenant and Mre. Hamilton
are residing at No. 36 West College ave
nue, Decatur,
be required to get behind the compa
ny and put the company in position
to render a necessary service to the
public which it i 8 not new doing,
They should be quite as willing to
put money in the pockets of the com
pany when the company needs it, as
they are to take money out of the
pockets of the people, when they
want ft
“The subject of public ownership
nerally as applied to railroads, ete,,
r:not to be confused with municipal
ownership of loeal ntilities, no more
than you would confess the public
ownership of the Atlantic Ocean with
municipal ownership of the local wa
terworks. As propaganda it s useful
in prejudicing the publie, but as a
parallel case it has no value”
(By International News Service.)
BASLE, SWITZERLAND, Feb. 18
American troops will be sent into
Berlin to guard the food sent into that
city by the United States, said a dis
patch from that city today
“ 1 *
Deny German Foreign
Y .
sSceretary Has Resigned
(By International News Service,)
| COPENHAGEN, Feb. 18- Count
- von Brockdorff - Rantzan, Foreign
Secretary in the German Cabinet, has
not resigned, but is remaining in the
Ministry, said a Weimar dispatch to
The Politiken today.
It had previously heen reported
Count Brockdorff-Rantzau had left
the German Cabinet, the intimation
being that a political crisis WS
brewing at Welmar
y . .
Spartacists Capture
Munich Headquarters
(By International News Service,)
ZURICH (via London), Feb, 18
The headquarters of the Munich
army that command the telegraph
and teisphone stations and several
newspaper plants were seized by the
Spartacists today
Machine guns were planted in the
windows of the Army Bullding to
sweep the adjavent streets
Allies Limit German
Army to 25,000 Report
(By International News Service,)
PARIS, Feh, 18 —Germany's future
army will probably be limited to
256,000 soldiers by the new armistice
terms and the war plants in Germany
will be put under Aliled control, ac
cording to information received from
an authoritative source here toda
All war material not needed to
equip the Germna standing army st
be surrendered to the Entente,
With all arrangements complete
for the start Wednesday in Judge
Humphries' division of Criminal
Court of the trial of Mrs. John Ab
bott for slaying her husband, it was
made plain by Solicitor Boykin that
he will demand the extreme penalty
of the law as punishment for the
young woman,
It was indicated by both the So-
Beitor and Attorney Frank K. Radens
leben, who is to assist him, that the
State will hagdle vigorously every
phase of the tragedy in an effort to
bring about the conviction of the wife
Attorneys K. W, Martin and Reuben
R. Arnold, for Mrs. Abbott, also an
nounced that they were ready to pro
ceed Wednesday, and are prepared teo
fight every point in it that may be ad
vanced by the State against Mrs. Ab
bott.
While Solicitor Boykin and Attor
ney Radensleben declined to discuss
plans of the State, it was hinted about
the Courthouse Tuesday that the
State may spring an unexpected sen
sation. It is known that a searching
investigation has been under way for
several days into the life of Mrs. Abt
bott, and that numerous reports con
cerning her have been run down by
the State’s investigators.
{
5
|
(By International News Service.) 1
WASHINGTON, Feb, 18, —Senator
William E. Borah, of ldaho, Republic
&n, member of the Senate foreign re- |
lations committee, today declined
President Wilson's invitation to at-|
tend the White House dinner on (hr-‘
night of February 26, when the league |
of nations will be discussed. The
Senator, in his letter, pointed out that !
in accordance with custom, .um'hi
gatherings are regarded as strictly:
confidential and he would not fn-t-li
justified in accepting any information
that he could not pass on to his col
leagues or use in debate,
“Can Not Change Wilson.”
“l am sure no suggestion of mine
would modify in the slightest the
views of the President,” the .\'vn.'lt,r
wrote
Although of different political
faiths, the President and Senator Bo
rah have bheen veiy worm personal |
Iriends and It is known that the
President gave his tacit support to
the Senator’'s last campaign in ldaho.
The text of the Senator's lrm-r,l
which was addressed to Secretary
Tumulty and today sent by radio to
President Wilson aboard the George
Washington, foilows:
“l 1 greatly appreciate your note hon
oring me with an invitation to meet
the President on February 26 to dis
cuss the Jeague of nations—a matter
of most vital concern to the whuln]
country., Meetings at the White
House, according to long standing
customs, are always regarded as
strictly confidential upon the part of
the gZuests, l
“This meeting, T take it, would h'-|
regarded as especially confidential,
otherwise the President would have
spoken, according to his custom, to
the open Sena.e
Differences Fundamental. |
“The differcnces between the Presi- |
dent and myself on this question are
fundamental I am sure no sugges
tion of mine would modify In the
slightest the views of the President
and nothing could induce me to sup
port the league as outlined in this
proposed constitution, or anything
like it
“I feel, therefore, that it would not
be fair to the President to accept his,;
confidence or receive from him-:confi
dential information concerning this
subjeet,
Neitner, In my view of the subject,
could 1 accept information which 1
would not feel perfectly free to trans
mit to my collcagues or use in publie
debate l
“After much reflection, therefore, 1
beg to be excused from attending lhp!
meeting
‘ln writing this note and in taking
this course, 1 moean no personal dis
respect to, or disregard of the Presi
dent I simply find myseif in such!
disagreement with him and feel sol
intensely concerning the matter that,;
I ean not do otherwise than cgndidly
advise him of the facts.”
Advised Against Action, ... .
Senator Borah In declining the in.
vitation, disregarded the advice of
Henator Lodge, Republican party
leader in the Senate, who was In con
tinuous conference with him yester
day, seeking to sway him from his
decision, It was learned today
The ldaho Senator’'s action created
a sensation when it became known
on the floor and many Republican
Senators privately commended it. It
seemed unlikely today that any other
member of the foreign relations com-
Continued on Page 2, Column 1. '
Issued Dalcy and Eutered as Second-Class Matter sy
the Pestofcs st Atlanta Under Act of March 3, 1878
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AT NEW ORLEANS,
FIRST-—Maiden 2-year-oid fillles; 3%
furliongs: Guaranteed, 115 (Connolly), 8-1,
3-1, 8-6, won; Rib, 115 (Wisnard), SB-1,
3-1, 8-5, second; Quick Fire, 115 (C. Rob
inson), §-1, 3-1, 7-5, third. Time, :44 3-6.
Miss Horner, Modiste, Fern Leaf, Raganza,
Lady Pataud, Fun, Edith K., Alice Grain
ger, Margaret and Garrett also ran.
SECOND-—Claiming, S6OO, 3-year-oldas,
6% furlongs; Hadrian 110 (Molesworth), 4
to 1, 8§ to 6, 4 to 6, won; Lillian G. 100
(Brown), § to 2, 2 to 1, even, second; Dan
indn 105 (C. Robinson), 16 to 6 6 to 5, 3
to 3, third, Time, 1:09 3-6. J. P. House,
Pluviada, Democracy, Tag City, Fark, Pos
itive John, J. Casey also ran.
THlßD—Claiming, purse S6OO, 3-year
olds and up, 6% furlongs; Topeoat 113
(Stalker), 6 to 5, 1 to 2. out, won; Blaise
115 (Troxler), 9 to 2, 8 to 6, 7 to 10, sec
ond; Seafarer 113 (Counneily), 15 to 1, § to
1,6 to 2, third. Time, 1:09. Tom Goose,
Lively, IDMscussion, Court Gallant, Lady
Luxury and Leicester also ran.
FOURTH-—Handicap, purse §sl,ooo, 3-
year-olds and up, 5% furlongs; Cobweb 9§
(C. Robinson), 11 to 20, out, out, won; Un
der Fire 101 (Mooney), 8 to §, out, out,
second; Marie Miller 104 (Hoag), 20 to 1,
3 to 1, out, third. Time, 1:07 3-6. Only
three starters.
AT NEW ORLEANS,
FIRST—"“The Comanche’ purse, 2-year
olds, 3% furlongs; Rarar 111, Diomed 118,
Pueblo 118, Atta Boy II 118, Hidden Ship
115, Booneville 111.
SECOND-—~Maiden 3-year-olds and up
ward, one mile; Man of Honor 114, Omond
106, Cavalcadeur II 106, Duchess of Bavoy
101, Tan II 114, John J. Cascy 106, Hard
Banking 106, Betsy 101, Mary Fuller 109,
War Idol 106, Clare Boothe 101
THlßD—Claiming, 4-year-olds and up,
mile and 70 yards; Rhymer 1132, Boxer 112,
Progressive 109, Leah Cochran 107, Good
Counsel 106, Bean Spiller 112, Harwood
112, Dundreary 109, Minnie F. 107, Mar
Tom 104, Stell Cliff 112, Blue Bannock 112,
Tranby 109, Dalweod 107, Also eligible:
Dervish 109, Bill Hunley 110, Flora Finch
107, Noureddin 112, Augustus 99.
FOURTH-—"The Continental” handicap.
3-year-olds and up, one mile; Slippery Elm
112, Bleeth 101, Opportunity 108, Douglass
8. 100, Warsaw 103
FIFTH--*The West End™ purse, -year
olds and up, mile and 70 yards; Dan
Bright 106, Newel W. 97, Amalette 104,
BEddie Trantor 94, Nepperhan 104, Phantom ‘
Maid 89
SlXTH—Claiming, filties and mares, 3-
vear-olds and up, mile and 20 yards; Bar
bara Shilling 107, Queen Blonde 107, Thirst
101, Bracelet 107, Edith Baumann 106,
Miss Fay 101, Alma Louise 107, Saxham's
Journey 104, Patriotic Mary 94, ‘
SEVENTH-—Claiming, 4-year-olds and
up, mile and a sixteenth; Cadillac 111,
Amelita 106, Semper Stalwart 102, Prunes
109, King Neptune 114, Blue Reock 107
Dolina 103 1
Weather, raining; tragk muddy, \
: ARSI 51 A e
(By International News Service.)
‘ NEW YORK, Feb. 18.—The Eve
ning Post this afternoon prints the
ifnlluwlnu story
“Revelations of a situation in the
| Third Naval District, with headquar
ih'r:& at No. 280 Broadway, so grave
as to lead to several arrests after
I!hnruuuh investigation by a special
| officer detailed from ,Washington by
| Secretary of the Navy Josephus
Daniels, have been made to The
| Evening Post. Secretary Daniels in
a statement to The Evening Post
confirmed the facts of the investiga
tion and of the arrests,
“The situation as it has developed
| strikes deep at the roots of the or
lg:mlz:-liun of the navy, not in this
{ district alone, but also throughout
| the nation, and it is a situation,
knowledge of which has become com
mon property of many officers and
‘mn-n of the naval reserve force and
|:|L<n of the regular navy.
“In brief, the charges that have
‘hu-n raised are that there has been
{in the Third Naval District, with
‘lr;n’liv'nlnr reference to the naval re
jserve force, a system of bribery of
i minor officials whereby
“l. Men who were physically un
fitted for the navy or naval reserves
{ were accepted for enlistment upon
false medical records
“2. Men were assigned to duties
far removed from the war zone and
actual sea service.,
“3. Men were transferred from one
distriet to another in order to escape
sen service
| “4. Men were permitted to econ
{ tinue their business activities, at
tending to their duties in the navy
!l'ur an hour or two or even less, each
day; and
l “H. Men were passed upon for dis
| ¢harge from the service after the
’.-u,:mm: of the armistice.”
S BoBTY,
|
.
Polish Army Reported
.
To Hold Brest-Litovsk
(By INternational News Service.)
| GENEVA, Feb, 18,-—Polis troops
| were reported to have occupied Brest-
Litovek after heavy fighting ‘
l Brest-Litovek is a fortress in West |
lwn Russgia where the peace treaty he
tween the Germans and the Russlan
{ Bolghevikl was signed Near It is the
Imperia) castle formerly occupied by the |
‘ Kings of IPoland,
Ludendorff Ordered
By Sweden to Leave
(By International News Service.)
COPENHAGEN Feb 18 —~eneral
Ludendorff, former first quartermaster
general of the Germa army, has been
Im~d.‘v..: by the Swedigh Government ln'
leave Sweden by Friday A request for
’un extension of his visit in Sweden was |
refused.,
(By International News Service))
WASHINGTON, Feb, 18.—~Therd
will be no Fifth Liberty Loan—op
Victory Loan, as it was to have been
termed—under an agreement tenta
tively reached this afternoon by the
House ways and means committea,
in conference with Secretary of theé
Treasury Glass, Instead, a series of
short-term notes will be issued, and
upon these Congress will set the rate
of interest.
Under the existing Liberty Loan
Jegislation the Secretary of the Treas
ury could authorize a $5, 000,000,000
Imun. but the interest rate would have
to be the same as that carried by the
fourth loan, it was stated. The rate
(4 1-4 per cent) under the eonditions
that would prevail at the time that
the loan was to have been floated
would be insufficient, in the opiniom
of members of the committee and
representatives of the Treasury Des
partment,
It was stated this afternoon thet
’lf there is to be any popular bond
issue, it will have to be provided for
by the next Congress, but even thag
) -
was thought unlikely, It was de
‘cided that it wouid be “suicidal® for
Cengress to fix a rate of interest on
a bond issue to be floated a month or
two subsequent
It was also pointed out that Libe
’m*!_\ bonds are at present below par
on the market and there might, im
consequence, be difficulty in floating
a fifth issue unless the rate of inter-
L est was placed so high as to set &
lluul precedent,
| $7,000,000,000 Notes. ..
| The short-term notes will be ¥«
' sued to the total of about $7,000,000,-
000 and will be divided into fousr
classes, as follows:
1. Those exempt froin all but Stats
| taxation, which will pay the lowess
| rate of interest.
: 2. Those exempt from all but State
taxation, which will pay a slightly
higher rate,
| 4. Those exempt from the income
| normal tax, but not from the surtax,
:\\!\ h will pay a slightly higher rate,
ind
1. Those subject to all taxes, which
will pay the highest rate of all
‘» The notes will be available to the
public as well as to the financial in
stitutions of the country, but whethee
a campaign will be waged for the
mep, e of stimulating public sube
| 8¢ riptions has not yet been decided.
’ Although the tentative agreement
renched today provided that the ine
| terest rates were to be set by Con
gress, It was indicated that this fea=
| ture might be abandoned, and that
' the Secretary of the Treasury would
be vested with this power,
‘ o ——— —— — —
|
ye y
Will Phone Welcome
’ . .
| To President Wilson
(By International News Service.)
BOSTON, Feb, 18.-—Boston and
New England's welcome to President
Wilson will be giver while the steame
ship George Washington 1s several
hundred miles from port. By wireless
telephone the human voice in wel
come will be cast across 700 miles of
wiater into the wireless cabin of the
liner
Plans were perfected by the Northe
eastern Department Tuesday through
the signal corps for this reception te
the President, It is possible that
Mayor Peters, Major General Eds
wards and Rear Admiral Wood will
engage in telephonie communication
with the nation’s chlef executive, /
Mayor Peters announced Tuesday
ifternoon that the George Washings
ton would reach here some time nex®
Mcnday. Following a talk wlthm
miral Wood, Mavor Peters
thead with plans for a reception o
Monday and for the President's ads
dress Monday night,
WASHINGTON, Feb, 18~~Secrt
tary Tumaulty plans to go to Bostom
over the week-end, he announced
Tuesday, to co-opera‘s in the pl
for the welcome of P'resident Wil
when he lands at that ecity, p
on February 24,
————————— '
House to Take Up Plan
v
For Army of 175,000
(By International News
WASHINGTON, Feb, 18~
House late Tuesday afternoon, by
vote of 172 to 162, adopted a specisl
rule to consider the Senate AL,
viding for a peace teame army
176,000 men to be ralsed hy
enlistment. g
NO. 170