Newspapers / The Daily Advance (Elizabeth … / July 27, 1923, edition 1 / Page 7
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AMERICANS DO IMPORT ANT WORK Small Griiup on Reparation* ('ommi**ioii in trunre Ue *|>oii*il>l<- for C.omplrtt* ami Acurate Financial Kecords. States GovprntlU'llt lias limited Its activities in th?* reparations embrog-1 lio to an official obnervpr. and. since I the WrsaillM Treaty has watched! the problem as it became more in-] tricate day bv day, there has been a j little group of Americans here for the past four yearB who have taken anything but a minor part In the vast, work of the reparation commission. | 4 This unheralded little group con-j Ft ituteg the staff of accountants with the commission, and is headed by George P. Auld. formerly an officer | of the United States Navy, who holds the post of Accountant General. He is responsible directly to the commis sion for the completeness and accur-i acy of all financial records having to do with the receipt and disburse ment of money and commodities handed over by Germany. The position of Mr. Auld with the commission is entirely individual, as) he has no connection with the United States or any other government. His staff of about 20 Americans comes under the same classification. The task of the accountancy de of the commission's work. To strike partment is one of the most difficult its daily and monthly balances, it must deal with ships, livestock, abandoned war material, rolling stock. coal and coke, dyestuffs, and a score of other commodities, as well as the actual cash payments of Ger man gold marks. When the balance sheet has been tallied, it Is neces sary to render the totals in marks, pounds, francs, lires and dollars. The commodity valuations have been made in nearly all the..rurrencies of Europe, as well as in dollars. When currency payments are made, they .are immediately convert-j ed to gold tbruoeh the dollar rale, withe roughly four marks equalling one dollar. The accountancy depart mpnt receives the New York ex change rate for 20 or 25 countries by cable each day. and with these rates as a'basis, daily, weekly and monthly parities between Ihe vari ous currencies are established. At the end of each month a complete report is made, showing the amount Ger many has paid to date, and how it has been distributed among the Al lies. Much of this work is done by the American staff. One computes the value of coal from the Ruhr; anoth er determines the worth of live-stock in f: : - . dollars and pounds; anoth er reduces locomotives to marks and then to lires, while another one quotes ducks, geese and chickens in dollars, guilders and crr.wns. At t!>^ end of 1 f?22. the account ancy department under Mr. Auld had whipned the miles of figures into an intelji-ible report, showing that Ger many had turned over to the Allies a grand total of $1,982,000,000. of this sum $154,000,000 was in cash; $8R9,000,i">00 in commodities, and $630,000,000" in state properties of ceded territories. The ships she had partrd with to talled two and a half million gross tons, valued at $177,000,000. Of rolling-stock she had delivered 4.552 locomotives and 127,000 wagons, worth $207,000,000. The livestock included 520.000 head, exclusive of poultry. This was given a valuation of $40,000,000. The coal, coke and lignite delivered exceeded 4X million ton?, worth $237,000,000, the dye stuffs totalled 23,000 tons, valued at $15,000,000, and the miscollanf'ous commodities, to numerous to classi fy, were determined to be worth $134,000.000. The selection of Mr. Auld to head the important accountancy bureau of the reparations commission was made after he had spont several months in Paris as assistant financial advisor to the Peace Commission. Al though only 4 2 years of age. he had served a number of years in the United States Navy, and was given A Roaring, Racing Romance, from Rroadtcav to the Golden Gate WILLIAM FOX Presents CHARLES JONES IN F Directed hy Scott Dnnlap ALKRAMA Today ADMISSION: 10 & 25C ? 15 & 25C the task of organizing the cost and financial control maintained hv the Navy Department in about 100 lar^e industrial plants doint: work (or the Government before the armistic**. When asked to take a post with the reparations commission, he resigned from the Navy to accept. The inter-allied accountancy or ganization now has bureaus in Her lin, Essen. Welsbaden. Budapest and t'pper Silesia. Paris stafT con sists of about 100 persons, made up of Americans. French. English. Ital ian and Belgians. The commodities section is headed by W. L. Quillinan of Hohoes. N. Y.. formerly of the U. S. Army Liquida tion Hoard in Paris. The bureau at Essen and Welsbaden are in charge of E. W. Erne, formerly in the ac countancy department of the Penn sylvania railroad. The branch s^t up at Berlin to handle the task of re valuatlng German war material sold for reparations was until recently directed by Captain Oliver K. Badg ley of New York. Another American with the com mission Is Royall Tyler of Boston. In charge of the personnel department under the general secretary. H?' also arts as advisor to the commission when matters arise concerning the art treasures of the late Ausiro-Hun garian monarchy, upon which the reparations commission has first lien. Mr. Tyler's chief assistant in the per sonnel department is I. J. Nochary of New Orleans. Heading the dvestuffs bureau of the commission Is Reginald Norris of Oregon, who has superintended the sale of some 3,000 tons of German dyestuffs to the American Textile Al liance on the commission's account. Guy E. Greer of Kentucky Is second in the important coal bureau of the coin mission, the chief of which is* an Italian. Add Six Miles to Detroit's Docks Interests Develop l.a/> Miruin Into a Ileal Xuieric.ui ICixer Detroit. July 27 ? The River Rouge, sit*' of the great blaft fur naces of the Ford Motor Company, has be??n initiated to deep draft ves sels. For years a lazy twisting stream, the river has been developed as an artery of the Detroit river tt the behest of the Ford Interests. 1 To permit the great ore carriers of the lakes to brine their cargoes direct to the bla&t furnaces, the river has been reconstructed. Instead of the twisting stream of former years a new River Rouge has been created. From the mouth of the Detroit river to the Ford turning basin the stream Is three miles long, almost two miles shorter than the old course. Its width at the nioith is 400 feet, and the average width along the dock lines is 300 feet, with a bottom width of 200 feet. The depth at low water is 21 feet. i ? A new canal. 3.000 feet long, was [cut through the entire subdivision of property, avoiding an "S" turn where the river Joins the basin. Some 15 industries In addition to !the Ford blast furnaces are operat ing along the banks of the Rouge, and with the improvement just com pleted six miles of docking facilities ? huv*? Wen added to Detroit's water front. Heretofore the industries lo cated at th? Rouge have attracted an annual tMf.'i tonnage of 2.'*00. ? ??in T'i?- I' r?t plant aluiit> j?<*ot-. i > brin> ia 2.<M>o,oot?- tons during 1 !? J 77". The t?'ti? I co?t of the n?*w Rotict*. ir.rlu.litiu hti',.*-?-s. (In'il^iiu, and rii-?it of way U estimated at $!?>. Oimi.iiO'I. CANADIANS I.KAKN SAVE TIIKlIt MONE'N Ottawa. July 27?Savings ac counts in Ikh*4cS throughout Canada bhoMed aii increase of $9,233,259 in the year ending May 1. according *o figures compiled by the government bureau of statistics. On the basis of population savings account# amounted to $146 for every? man. woman and child in the Do minion. Total saving* on May 1. 1I1*' statist ?cs show, amounted t.> $1.317.8ri5.*?,79<i compared with 11.30$,522.531 a yar ago. The increase In savings, it is pointed out. is to ?h?? return of prosperity and stabilization of busi ness louduions throughout the Do minion. U DRIVE IT :s .X**vMiMvyMXKMXMXMXM>aXMXMXN!N'a I Iteut h new Ford iuid drive It ^ >our?elf. S|>ecial Commercial ? Hates. X Bailey'* Filling Station X Church St. X WWVYVWW VWV99?99??? FOR REAL SERVICE Senil L's Your Palm Beach, Cool-Cloth anil llopsack Suits. Also don't make the mistake of putting your winter garments away without having them cleaned. We call and deliver to all parts of the city. Cooper Cleaning Works PHONE 280. 2 Matthews Street. Peach Short Cake "Peackes* and dardnersfamous Sponge make delicious Short Calte/ GOLDEN, YELLOW PEACHES cut In thin slices?with GARDNER'S FAMOUS SPONGE?and rich whipped cream make an economical combination that through its very appearance arouses an expectant appetite of a delicious goodness sure to be enjoyed. What a welcome to the jaded summer appetite! What a wonderful dessert ? a tea-time dainty ? a delightful party cake! And it's SO easy to make! There's a recipe in every package. To be tare of the beet reeulte ineiet on GARDNER'S FAMOUS SPONGE Blackberrlea ? Raspberrlea ? Huckleberrlea?-All can be used equally aa well aa peaches?to make dellclott* abort eakHwlth GARDNER'S FAMOUS SPONGB. ? V. PR1TCHARD, Distributor Make Your Ship Come In! THAT'S Just what a savings ac count Is?a ship of fortune. Start It on its journey, tend it well nnd oft?-n; watch it gath er speed and cargo; then when you are ready It will return? safely?to port with Its golden car^o. Make your ship bring you independence. 4% interest. Carolina Banking Trust Co. Welcome Free Demonstration SPECIAL SALE I Gelfand's I Products Saturday, July 2Hth ! G.lfaiid"* oz. jar with otic jar (w-Ifand'H Muyoiuiuise FKEE. MORGAN & PARKER ! ?Use? f PASTEURIZED MILK X X (iunrd thr health of the llt .j. tip uiich by iisinu I'astrnilMMl y >1 ilk. hellvrn'il twice dully to Y any pari of (he city. J X | The Winekream Co. X PIIOVK 57k. A Fresh Vegetables ('all us for freuli vcge lalilos of all kinds ? if you don't know what you want?ask us. MAIN ST. GROCERY SEED For Farm* and Garden tftwfilc Supplier, l.luhtliiK Khtnre* mid House Wiring. Your* to nerv* FEED For Stitch ami f'on/lry ' HOPSACK PALM BEACH find Kool-Kloth Suit* Iniimlpi-fil fo look like new ALBEMARLE LAUNDRY PlfONK l? For Sale Cheap One Studebaker and one Buick in good condition. I Auto Supply & Vulc. Co
The Daily Advance (Elizabeth City, N.C.)
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July 27, 1923, edition 1
7
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