Newspapers / Wilmington Morning Star (Wilmington, … / Dec. 27, 1913, edition 1 / Page 1
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' .-. ..... - ; 1 - V ... . .: i THE WEATHER. Fair and colder Saturday; Sunday increasing cloudiness, probably follow ed by rain west portion; mederate northwest winds. 1914 THE NEW ' TEAR 1914. The New Tear Is approaching:, and Now would be a rood time .to Map: Oat .Tour Advertising: Campaign for 1914. The Star will send a man to help, it ou 'phone 01. VCXL. XCI1I 1STO. 3. WTLMIKGrTON, K. C, SATURDAY MOKNINGr, . DECEMBER 27, 1913. WHOLE NTTMBER 13,518. - rm .... , "imim- tn. . SEVERE STORM Oil ' COAST Another Lashes The South ern Coast of California BARGES GIVEN UP AS LOST Waves Twenty Feet High Drive in Bulkheads and Flood New Jersey Towns Highest Tide on Record in California. New York, Dec. 26. Two men drowned in the East river and ten men the crews of two barges wreck ed on the New Jersey coast given up as lsot, is the cost in human lives of the storm which swepj overj this city and vicinity early this morning. At Seabrought, N. J., a fashionable summer resort, 20 miles' south of here, most of the houses have either been wrecked or are under water. Several hotels and fine residences were among those undermined and badly damaged. Seventy families are homelessr The damage to property is estimat ed at $1,000,000, most of it borne by Seabright and other points along, the northern section of the New Jersey coast. Most of the property losses are due to bulkheads giving way under the onslaught of waves lashed into fury by a gale which at one time reached a velocity of 90 miles an hour. The two three-masted barges whose crews have been 'given up as lost were in tow of the sea-going tug Ed gar d F. Luckenbach. While the storm was at its worst, the barges broke away and then drifted inshore mid way between life saving stations 16 and 16, six miles south of Seaside Park, N. J. At 9:30 this morning only one of the masts of the barges was visible and on it was the form of a man. A little later both mast and man disappeared. Heroic efforts on the part of the life saving crews have so far failed to re veal a single survivor of the wreck. The tug was repftrted safe in this port late tonight.- - The" two men drowned here were longshoremen .whose, boat was caught in the. storm and swamped. Seminole to Rescue. Washington, .Dec. 26. Wireless ad vices to the revenue cutter office ear ly today from the United States ship Seminole, reported the schooner Au gusta W. Snow, Jacksonville to New York, safe and proceeding north. The Seminole left Wilmington, N. C. yes terday afternoon in response to a wireless message which stated that an unknown schooner, presumably the Snow, was in distress off Diamond Shoals. Timely Rescuer. Key WestFla., Dec. 26. The story of a timely rescue at sea of eight members of the crew of the British barkentine Malwa, "was recounted by Capt. J. W. Gould, one of the rescued men, when he arrived here today on the revenue cutter " Miami. Capt. Gould and his men were taken aboard the Miami this morning from the British steamer Cestrian which on Christmas eve had rescued them from the rigging of their sinking veseL The Malwa, bound from Gulfport for Trinidad with a cargo of asphalt, encountered a severe storm in the gulf at noon Wednesday. Her forer mast and a portion of her deck were carried away and she began to sink. The crey toward evening took to the rigging and by means of torches at last attracted the attention of the Cestrian. They were taken off in a sea that threatened to swamp the feboas of the rescue ship. The Mal wa was abandoned. Trail of Wreckage. Seabright, N. J., Dec. 26. The storm which raged along the northern New Jersey coast , early today, left a trail of wreckage on tne beach for miles. The heavy surf washed away houses, undermined streets and fur rowed bulkheads. The fishermen of Seabright were the worst sufferers. Many who lived in huts near the beach were home less today. Men -were ''at work shore ing up buildings which threatened to collapse upon weakened foundations. Railroad tracks were blocked by sand. Two hotels were undermined and-all but washed away. No loss - of life was reported. Snow at Albany. Albany, N. Y., Dec. 26. A heavy dry snow fell today in depths varying from five to 18 inches throughout this part of the State. In this city about five inches of snow fell, but the rec ord mark was set in White Hall and 14 inches had fallen in Glens Fall by noon. Nine inches of snow was re ported from Johnstown. Electric and steam transportation lines suffered as a result. Northern cities reported many trains from one to two hours late. From White Hall came the story that the blizzard was the worst since the memorable storm of 1888.- Tide Above Normal. Atlantic City, N. J., Dec. 26. Bulk heads were smashed, tons 'of lumber were washed up on the. beach, and other damage was caused by a storm which raged here last night and to day. The five miles of meadows be tween this city and the mainland re sembled a turbulent: sea -all day. The tide was three feet above normal. Hail, snow and rain fell. - Deaths from' Storm. Philadelphia, Dec. 26. Death, and considerable property damage, re sulted from storms throughout East ern Pennsylvania last night and to day. Michael Clark,- an almshouse inmate, and Dennis McFadden, a farm er, were frozen to death in snow drifts near Pottsville. High winds, heeavy snow and low temperatures at Reading and- Hazle ton, seriously delayed trolley and railroad traffic. - ' . Shamoken reported all coal mines ATLANTIC (Continued on Page Eight.) PRESIDENT IKES' GOOD FIRE CHIEF Wilson Discovered Fire and Instructs Fighters. HANDSOMEST HOE OH COAST Beautiful Home of Judge Neville Saved By Timely Assistance From President and His Escorts Who Extinguished Fire. Pass Christian, Miss., Dec. 26. President Wilson tonight found him self the hero of the gulfcoast. Word spread far and wide that the watchful eye of, the chief executive had spied a blaze that threatened to destroy one of the handsomest homes on the Southern shore, and that he had acted the volunteer fire chief in a manner that long will be remembered in this region. The President was returning from a quiet game of golf toward noon and on passing through Gulport, eight miles from - here, saw a blaze on a roof of a big house. It was the home of Judge J. H. Neville, who won fame in 1891 by prosecuting John L. Sul livan for a prize fight at Richburg, Miss., with Jake Kilrain. Mrs. Neville, who was alone in the building, had run to the window to watch the President go by when suddenly two machines stopped and the President himself alighted. Quick as a hash he darted up the front steps, followed by his physician, Dr. Grayson, the se cret service men and chauffeurs, who had unstrapped the fire extinguishers Tom their machines and awaited the President's orders. Mrs. Neville was confused. 'Don't be alarmed," said the Presi dent coolly, "your house is afire but these men will put it out quickly if you will show them the way to the attic." Mrs. Neville pointed the way up stairs and Robinson and Fredericls the chauffeurs, . broke a window and climbed out on the roof, while James Sloan and Jack Wheeler, the. secret service guards,1 tore away the shingles and. helped fight the flames. Mrs Ne vfflif didn't ftnow ho wtti treat her un expected, distinguished guest, who urged her to keep calm. "Will you come Into the parlor, "she asked. - Gets Bucket of Water. "No thanks" replied the President, "but you might let me get a bucket of water. Mrs. Neville hastened to comply, but just then the fire fighters on the roof, had descended with the report that little damage had been done and that the blaze was out. "Well done" said the President, and the entire party left the house for the automobiles. The local fire depart ment was just arriving with hook and ladder ' and other apparatus. "The fire's over" announced the President, and added with a proud smile " My men just put it out." Judge Neville and his son came running up at that moment and a big crowd collected. The Judge was profuse in his thanks and spoke ap preciatively of the President's thought ful concern for Mrs. Neville. The President took no motor riae in the afternoon, resting after his ex ertion at golf. He enjoyed the change in the temperature and was enthusias tic about the links, "which lie along the shore of the Gulf of Mexico and: were warmed today by sunshine instead of being swept by chilly winds like those of Christmas day. The President dictated a few let ters and read scores of telegrams that poured in today as they have been for the last few days, congratulating him on the enactment of the currency bill. He took a nap during the afternoon and again spent the evening with his family. . ' - M'GUIK KEPT OFF OF STAND Former Mayor of Syracuse Refused to Waive Immunity and Not Al lowed to Testify. Albany, N Y., Dec. 26. Owen L. Kearney, formerly section superin tendent of the State canal system, testified at the Osborne investigation into State Highway affairs today that' he had received approximately $2,200 from canal workmen in contributions during the political campaign of 1912. These . contributions represented as sessments of about 5 per cent of their pay on all -workmen "within his territory for a period of five months. W. C. Elmendorff, a foreman of ca nal shops, testified he received from another subordinate of Kearney, Harry- Bogue, a list of the workmen "and the amounts each had been assessed. These amounts were deducted from their pay. ' - Kearney attempted to explain that the assessments were made by an or ganization known as the Jefferson Club, but admitted that all employes, irrespective of , political : affiliations, were required to meet the assess ments. ' - ' - ' .. Of the funds so collected ?914 went to Walter G. Robinson, the canal di vision superintendent, and the rest to two officers of the Jefferson Club. The witness understanding was that the money paid to Robinson went to the Democratic 'State committee. When James K. McGuire, former mavnr nf SvrflYMlSA. Was rflllPfl as wit- ness, Commissioner Osborn produced f Til A. - i - i- A A. A TTTT. !i a letter irom- uisinci .axiorney vv un man, of New York City, advising that McGuire not be permitted to testify unless he. would waive immunity. The witness refused, to do this on ground that he is under indictment. EL ABOARJTCROISEB Party Claims Official Honors Were Given Them. PITTSBURG WAS AT SAN BLAS Acting Secretary of Navy Roosevelt States That Honors Were Not Accorded Constitutionalists But to Governor. Culiacan, Sinaloa, Mexico, Dec. 26. Constitutionalist officials of Sinaloa were accorded official honors when they visited the United States cruiser Pittsburg at San Bias, according to details of the visit related today when the party returned here., The insurgent, state officials had visited the Pittsburg upon request of Rear Admiral Cowles whom they had entertained at the State capitol at Culiacan. The Insurgent version of the visit was that when Governor Riveros and General Iturbe boarded the Pittsburg they were received by a salute of 17 guns. The Mexigan colors floated with the stars and stripes over the American ship of war. The visitors were entertainea at luncheon and inspected the ship and crew. This account of the visit produced much enthusiasm here. Carranza Interested. Hermosillo, Sonora, Dec. 26. News of the reception of the Sinaloa Con stitutional officers on the : United States cruiser Pittsburg was received by -Gen. Carranza and his advisers with an unusual show of interest. The event was considered by offi cials here to be the best proof yet of fered of the good feeling of the gov ernment . toward the revolutionary party of Mexico. Washington Explains. Washington, Dec. 26. Honors ac corded Governor Riveros and his par ty by Rear Admiral Cowles on board the cruiser Pittsburg, were in. recog nition of the legally elected Officials of the State of Sinaloa and not of members of the . Constitutionalist forces opposing the Huerta govern ment in Mexico. - f As . the duly elected Koternor. Mr.' Rfveros was entitled to' a salute of 17 guns," said Franklin D. Roosevelt, Acting Secretary of the Navy, tonight. "But," he added, "in no sense of the word were the Mexican officials re ceived as representatives of the Con stitutional faction. Mr. Roosevelt explained that Rear Admiral Cowles had previous to the visit of the governor and his party to the Pittsburg, paid formal courtesy (Continued on Page Eight.) BOTH SIDES RESTED In Schmidt Murder Case Late Yesterday Afternoon. Experts for State Declare That Ex- Priest is Shamming Insanity His Mind Works Rapidly, but Not Disorderly, Says One. New York, Dec. 26. Prosecution and defense rested late this afternoon in the case of Hans Schmidt, accused of the murder of Anna Aumuller. Ar gument 'will laegin at 10 o'clock tomor row morning. Each side will be given 90 minutes to sum up. . Four alienists called by the State today testified that in their opinions Schmidt' has been shamming insanity. Dr. Carlos McDonald testified that on September 24th the accused ex- priest had told him: "I did it. I am willing for the law to take its course, and you can have my body." Dr. McDonald gave it as his opinion that Schmidt had sham med insanity much more cleverly than an ignorant person could have done. Dr. George H. Kirby siaid ne nad found the prisoner's mind to be work ing rapidly, but that it had given no indications of abnormality. He doubt. ed the truth of Schmidt s assertions that he had visions. v That the accused had answered all questions readily and connectedly when he examined mm, was tne tesu mnoy givn by Dr. Allen R. Dieff en- dorf. According to this expert, Schmidt is sisne. Dr. William Mabon testified similarly. v RESTITUUTION SUITS BROUGHT. Against Directors of 'Frisco Road by Receivers. x St. Louis, Dec. 26 Receivers of the St. Louis & San Francisco Rail road today , were, directed by Circuit Judge Sanborn, in the United . States district court, to bring restitution suits against- present and former di rectors of : the railroad. The court's order is qualified only by . the proviso that suits shall be brought if the" special counsel appoint ed today believe that they can De suc cessfully maintained. ThaKthe spe cial counsel win be convinced tnat such suits would be successful is gen erally agreed. -- The suits are to be based on tne sale of the 'Frisco of feeder lines that were promoted by syndicates of which eertain 'Frisco omciais were mem bers. -. , - ' A recent departure is the Home olub in New York city, for the .benefit of servants, who may board there if they arp mptnbftrs. durinz the time they are DEB OFFICERS junemploy ed, for ?2 aeek. ALtWUH;! IS BEIIIG REFUSED Calumet Citizens; Have Trouble Disposing of Money REJECT ALL OFFERS Grief Stricken Families Prefer to Suf fer Rather Than Accept Money From Opposition of West ern Federation. . Calumet, Mich Dec 26. Charts H. Moyer, president of the Western Fed eration of Miners, was put on a train and sent out of the copper strike dis trict tonight. . The deportation ; was the. direct result of. refusal of fami lies stricken by the Christmas eve disaster here to acept relief , from a committee, the majority of whose members belonged, to the Citizens" Al liance, an organization combating the five months' strike of the 'Federation. It was stated to the relief commit tee that the Federation had- forbidden its members to accept any portion of the $25,000 raised for relief of the panic victims. A section of the com mittee thereupon was delegated to confer with Moyer. - i - The sesion, held at a hotel in Han cock, was warm. The citizens alli ance men told the, Union ( executive that his attitude was "against all dic tates of humanity." . They ( demanded that he retract statements attribued to him, saying that the crV of "fire" which started the panic was raised by a member of the alliance. Moyer; it was said,- refused to make retraction. A short time later he and John Tanner, of California,ran organ izer for the Federation, -.wtre observ ed, on a street car going from Han cock to Houghton. t Moyer Leaves Town. Just across the bridge connecting the two towns is the. .depot of the copper range railroad. There it was noted that 'Moyer and Tanner boarded a train bound for ' Chicago. They were accompanied by three ? men who seemed to be guarding them although ; slContinuedVim "Negro Toe" For The President Sent by Raleigh Methodist .Orphans Who Receive Gifts From 'Mr. Daniels. Raleigh, N. C, Dec. 26. Secretary of the Navy Daniels for himself and four boys today presented Christmas guts to.-all the children of the Metho dist Orphanage here, an institution in which he takes great interest. This has been his custom for years. As an incident President Wilson is to receive a big "nigger ,toe" or Brazilian nut from the orphans. They wrote to him and asked that he let Secretary Daniels visit them Christ mas, that if he did they would send a big "nigger toe." He wrote back that he would,, and the "nigger toe" from the orphans goes back with Sec retary Daniels. ORANGEBURG COUNTY GINNED MOST COTTON Led South Carolina Counties 74,493 Bales. With Columbia, S. C, Dec. 26. Orange burg county, with. 74,493 bales, led all counties of the state in the amount of cotton ginned prior to December 13. according: to the corrected totals just announced by the bureau of the census - The preliminary totals for the state was made public by the bureau of the census at 10 'A. M. Saturday, Decem ber 20. OUTLINES In welcoming De La Barra, the Mexican envoy to Japan people of the latter nation severly criticised the United States and much feeling was shown at an open air miass meeting. Both sides in the Schmidt murder trial in New York have rested. Argu ment will be started today. McGuire. former mayor of Syracuse, N. Y., was not : allowed to testify at the John Doe proceedings in - New York after being called. State Senator Hobbs, of Mississippi, on trial for receiving a bribe, denied on the stand that he had confessed to Governor Earl Brewer and that when the Governor made that -statement un der oath he swore to a' falsehood. President Wilson while motoring by one of the handsomest residences on the gulfcoast discovered-that the build ing was on fire. He and his two mechanics and secret service men put out the' flame before the local' fire department - reached the. scene. Those stncKen oy tne disaster at Calumet, .Mich., have- refused all aid coming from any source man a. union. Citizens of the town have : raised $25,000 but can not give it away. Severe storms have prevailed on both the Pacific and Atlantic oceans for the past two days. Record hign tides and monsterous waves have done much damage along the coasts. New York markets: Spot cotton quiet middling uplands: 12.6:0; Igulf 12.85, no sales. Money on call firm 3 to. 4, ruling rate 4. closing 3 to 3 1-4. Time loans weaker. Wheat firm, No. 2 red 99 1-2 to. 101; No. 1 Northern Duluth 99. Corn- easy 72 3-4. Rosin quiet. Turpentine quiet. TO INVESTIGATE VERMONT TROUBLE What Caused Shaft on Big Battleship to Break? TO TEST REIMING SHAFT Effort Will be Made to Prevent cidents of Like Manner on Other Members of Uncle Sam's Navy. Ac- Washington, Dec. t 26 With the broken shaft of the Battleship Ver mont as an object lesson the naval board of inspection and survey is go ing to the Norfolk navy yard in a. few days to begin an exhaustive in quiry into the causes for the breaking of the great main shafting of the ,two Igrefat propeer shafts of the Vermont snapped while the battle ship was breasting a storm in inid ocean two weeks ago, returning from the Mediterranean to Jampton Roads. The vessel was kept under way with the remaining propeller until assis tance summoned by' wireless arrived, and therefore never was in the ex treme peril that would have followed had all shafts broken. A few years ago there was a regular eqidmic of break-downs of this charac ter among American navy vessels and wnile temporary expedients were ad opted, mainly in the direction of -enlarging the size of the shafting, it has remained a mystery in engineer ing circles just why a shaft should break when it had been given an ample margin of strength above all foreseen strains. That the steel "gets tired" under the constant vigfation of a long cruise at '12 knots speed is the opinion of most engineers but what the naval board intends to find out if possible is seme means of de tecting this deterioration before the metal actually reaches the breaking point. ' Microscopic Examination. The inspection : - board, which is headed by Captain Henry B. . Wilson will - make i a microseoaic examination- or tne metal m tne Drokenisaart ox the -Vermont and: later this will-be the subject of some "special studies by the engineering classes at An napolis. The starboard shaft ..of. the Vermont.S which was unbroken, will be removed and subjected to tests to ascertain if it was weakened in any degree. Simultanously careful measurements will be taken of the bearings of the long line of shafting to make sure (Continued on Page Eight.) REPRIMAND; OFFICER Military Attache at St. Peters burg Disobeyed Orders. Allowed His Health to Come Before Duty Sailed for America in Face of Order to Remain r at His Post. New York, Dec. 26. Major Charles B. Hagadorn, military attache of the American embassy in St. Petersburg, was found guilty by court martial to day of disobeying orders and sentenc ed to a mild reprimand. Major Haga dorn was tried for "wilfully" disobey ing the command of the President of the United States to remain at St. Petersburg until further orders. The court amended the charge to read : "Had failed to obey" and of this of fense found him guilty. Major Hagadorn was one of the first officers appointed to the foreign service by President Wilson.. After a month in St. Petersburg his health began to fail and about six weeks ago he cabled for permission to return to the United States. Permission was granted, but as the officer was about to board his train he received another order to stay in St. Petersburg and make his . application for release through the embassy provided he had not "already - started." Major Hagadorn, who was greatly worried by his-physical condition, de cided that to all intents and purpos es he had started for home and three weeks later reported at the War De partment in Washington. Maj.. Gen. .Thomas H. Barry, com manding the Department of the East, presided at the court : martial and wrote the following reprimand: "It is difficult - to understand- how an officer of Major Hagadorn's length of service could fail to fully appre elate the exact meaning of the in structions to remain at St. ' Peters burg unless he had started and' as said, instructions were received by him before he actually started, the only explanation of his actio a seems to be his illness as set forth by the evidence. - The fact that Major Haga dorn has been brought to trial and the incident publicity of the offenses with which he is charged is de'emed a suf ficient reprimand and it is hoped it may have the effect of causing him in the future to strictly comply with out evasion at any time with orders of Ms superiors, such absolute , and strict obedience being, as he well knows, the first duty of a soldier." , - Major Hagadorn's family home -is in Binghampton, N. Y, He. entered West Point in'1885. --It Is understood that he will, be ordered to rejoin his old regiment, the 23rd infantry, in Texas City. . , , - JAPS CRITICISE UNITED STATES Expression of Public Senti ment at Mass Meeting. WELCOME TO DE LA BARRA Prominent Men Speak at Meeting Giv en in Honor .of Mexican De i'a' iBarra Leads Cheers for Japan and Emperor. Tokio, Dec. 26. Criticism of the United States for discriminating against Japanese and disapproval of the prospective participation of Japan ese in. the Panama-Pacific Exposition at San Francisco, were expressed in resolutions adopted at a mass meeting of citizens, before the Imperial Palace here today. The meeting attended a so-called "National welcome" to Fran cisco De la Barra, special envoy from Mexico. Senor De la Barra is here of ficially to thank Japan for her partici pation in the Mexican centennial. The mass meeting at the palace was attended by several thousand people who previously had marched through the city in a procession calculated to demonstrate the nation's appreciation of the visit of the "Mexican envoy. The procession formed in the city park, where speeches were delivered by prominent men. This was followed by a- brilliant display of fireworks and numerous mmnres. The procession then proceeded to the hotel, where Senor De la Barra is staying. After the crowd had serenad ed the visitor, a- committee of members of Parliament and other popular lead ers mounted the balcony, where De la Barra greeted them amid prolonged cheenne. The committee presented to the vis: itor a sword and other gifts, which he acknowledged briefly, and then calledf iror cheers for the Emperor and tne Japanese nation. -- j The procession afterward marched to the Mexican .legation, and then to th-Imperial palac. After the mass meeting there- ,it Jdislbanded. f , At a dinner givehtohigbt frb3 4har merchants of Tokio in honor of Senor De LaBarra, Baron MakinO, the for eign minister, in a speech favored the strengthening of trade between Japan and Mexico. The opposition press is attacking the foreign office for alleged timidity in the reception of Senor De Yabarra, declaring it fears apy enthusiasm shown for the Mexican would cause resentment in the United States. Reception Unofficial. Washington, Dec. 26. It is under stood by officials here that the elabor ate reception accorded to Senor De la Barra by the populace; of Tokio was particularly designed to express the dissent of one of the Japanese political factions from the official reception planned by the government. In his capacity of special envoy from Mexico, diplomatic etiquette provides for certain formal social tmnctions in honor of Senor De la Barra. The Jap anese government, it was explained here today, had adhered strictly to the regular court ceremonial. A faction opposed to the government, however, arranged a reception of its own, in cluding a torchlight procession, speech making and sword presentation. Tuxedo Park, N. Y., Dec. 26. The first court tennis tournament for the new national challenge cup presented by the Tuxedo Tennis and racquet club will begin here tomorrow. Some of the best amateurs in the country are entered for the trophy, which taxes the place of the gold racquet, now the possession of Jay Gould, after a series of victories. DENIES BREWER'S TESTIMONY State Senator Being ' Tried for Ac cepting Bribe Says Governor Swore Falsely. . Vicksburg, Miss., Dec. ,26. State Senator G. A. Hobbs, testifying at his trial on charges of receiving and solicitirig bribes, denied today that he ever received money from .Stephen Castleman, as the prosecution charges. He said that he met Castleman a number of times and bribery was discussed but they never had exchang ed money. He maintained that he led Castleman on because he wanted to catch him in a bribery plot; Hobbs testified that Mayor S. J. Taylor, of Jackson, Miss., and State Senator A. W. Bond knew of the al leged plot to catch Castleman. Tay lor and Bond earlier in the day had testified to' much the same effect Tay lor saying that he had discouraged pro secution of Castleman because the evidence seemed insufficient. In explaining the meeting between himself and Governor Brewer at which time Governor Brewer said he con fessed that he was guilty of bribery," Hobbs said that he made no confes sions. He swore that Governor Brewer told hdm that he would send him to the pentitentiary if he did not implicate Lieutnant Governor Bilbo. Bilbo is jointly indicted with Hobbs. He said Governor Brewer told him he ' would pardon him If convicted provided he - would testify against Bilbo. This Hobbs -said he refused to do. , . . . - Savannah,. Ga., Dec. 26r-Forty-one riders from various cities throughout the country are entered in the 300-mile motor cycle race here tomorrow. The race iwill start at 11 o'clock. ANNOUNCE PLANS FOR NEW SYSTEM Organization , Committee Mark Reserve Boundaries ARE TO VISIT MANY CITIES Reserve Banks to be Located at the Most Logical Point in the Dis trict, Regardless of Other Considerations. Washington, Dec. 26. The organl- . zation committee which is to launch the new Federal reserve, banking sys tem tonight announced its plan, for marking out boundaries of . reserve districts and the selection of reserve cities, t Public hearings wil be held, in 14. large cities New York, Boston, Chicago, St. Louis, Denver, Seattle, Portland, Ore.; San Francisco, Los Angeles, Houston, New Orleans, At lanta, Cincinnati and Cleveland.) ' ; Although these cities are the only ones to be visited, the advantages of many others will be -considered,, and bankers and others interested in cities not named in its list, will be heard. The two cabinet officers composing the committee will- spend practically all of the next two months in this work. They expect to conclude their : labors about the end of the period al lowed National banks to announce , their intention of becoming members of the system. : - Secretary McAdoo left his office' to day, suffering from a "slight fearer, and . the other committeeman, Secretary Houston, decided to abandon the task until Mr. McAdoo's recovery. It was said the hard work Mr. McAdoo did to aid in perfecting the currency law has told upon him. His illness is not -believed to be serious, but he is not expected to return to his desk, for . several days. A statement from the committee today said: "The committee has de cided to forward immediately to every-.' National and State bank and - trust company a - copy of the Federal re- ' , ' serve act, together with the form of application tor membership ' in- th Federal reserve sytemJVi-i v Under the provisions of . the act' all. istaJLionai banks arerequiced,4o, jsigul - - -ry their aceptanc?e:-Tf -its - terms and provisions-on or before February. 12th, 1914, and all eligible State banks and trust companies are permitted to sig nify their acceptance within the same time. y Hearings to be Held. "It was determined that the organi zation committee will have hearings in various other imDortant cities for the purpose of gathering the views of bankers and business men as to the division of the country into Federal reserve districts, and the location in each district of the head office of the Federal reserve banks. "It will not be nossible for the com mittee to hold sessions in any other cities, but ample opportunity will be . given for representatives of various sections of the country contiguous to these cities to appear before the com mittee and present their views. It ' must not be inferred that the commit tee has determined . upon any one of these citigs as a location for the Fed- eral reserve banks: they have been chosen as places for holding sessions oi tne committee solely because of their accessibility and . convenience. "The committee wil -sit at the cus- - torn house in New York on January zna ana ara, m Boston .on January -5th and 6th i and return to New York for additional sessions January 8th and 9th. The committee will sit in Washington , from January 12th to 17th; in Chicago, January 19th, 20th and' 21st; St. Loiiis, January 22. 23 and 24; Denver, January . 26th. Hear ings for other cities,, will be held be tween. January 28tir and March 1st. Bring Out Certain Points. "The committee desires to be in formed particularly UDon the follow ing points which are considered, pri mary factors in determining the . boundaries of the proposed districts and the location of the Federal re serve banks: ' 1. Geographical convenience, which involves transportation facilities and rapid and easy communication with all parts of the district. z. Industrial and commercial de velopment and needs of each section ; which involves consideration of the general movement of commodities and of business transactions fthin the districts and the transfer of funds and exchanges of credits arising : therfi- from. - -. ; . 3. The established custom and trend, of business as developed by the " present system of bank reserves and ' ' checking accounts. In laying out the districts and establishing the head- auarters for reserve banks every ef fort will be made to promote business convenience and normal movements of trade and commerce.- i Political considerations will not b permitted to influence the committee in determining these important ques tions. While the committee appre ciates local pride and sentiment which are prompting many cities to nren their claims, the committee neverthe less must appeal to the patriotism of the country to. assist it in arriving at a sound conclusion tnrough conside ration of fundamental and vital fac tors. Purely local . sentiment and pride must yield to the common good in order that the system may accom plish the purposes for which "it was designed, namely, to secure to the . business of the country ihe elastic ' system of credits and the stability of conditions so long imperatively de manded. . . Consider: Merits ' Only. "The committee will not. therefora. - be. able to receive delegations urging me ciaims oi particular cities for preference as the headquarters of the reserve banks. The claims of all cit ies wil be considered upon the merits -' in view of all the facts which will ha developed through the investigations. ' (Continued on Page Eight.) f r i
Wilmington Morning Star (Wilmington, N.C.)
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Dec. 27, 1913, edition 1
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