North Carolina Newspapers

BORO BAILY N WEATHER , Partly Cloudy Today . Aad Tuesday.- You Want All th News About Butinet Read the Ad Daily VrtI TTV Vn 91 KNTWtKD A BKCOND CLAM MATTE! GREENSBORO, N. I G, MONDAY MORNING,' AUGUST ,8, 1921 1 DAILY AND M.'NPAT.lts.M ffl YKAR 1 uaiia oxur. ir.M rrni ykai PRICE ' FIVE CENTS ,u" 1 A.V- a, - I' ' At PlWTfirriHC llUKRNSnilBO. N. ft. GREENS MANY PEOPLE LOSE THEIR LWES WHEN THE ALASKA SINKS IS life wu AND SEVENTY OF CREW .'ARE TAKEN TO EUREKA Steamer Alaska Went Down In Fifteen Minutes. SHE STRUCK A ROCK REEF Steamer Was Bound From Port land, Ore., to San Fran- . .. ' cisco. ' FOG CONCEALED THE ROCK Captala Hooey lost oa 'Ma Be ' Wu Wittrat a' Ufa Peevet And la Mlaalagx lilat ef Ta Known Dead., Bunk, Calif., Aug. 7.-Forty eight .persons. J passenger and 13 of th craw wer loat last night whan tha steamer Alaaka of tlia Ban Franolsco and ' PortlariB Btaamahlp company. southbound from Portland, Oregon, to Hup Francisco. Bank 80 mlnutea after rahlna Into the rocka of Blunt'i reef, 40 milea aouth of thla city. Th survivors, numbering 10 per. sons, wera brought here today by the rescue ahip Anyox, tha flrat vasel to reach the acene of tha wreck in re .pons to tha Alaeka'a radio signal. The Alaaka wai nouno irora run land, Oregon, to Ban Franclaco. 1 A denee fog concealed the trencher oua rocke off the Blunt'a reef, which projecta far- into tha ocean, when the Alaaka crashed at 9:40 o'clock" last night. Within 80 mlnutea, the crippled steamer listed, turned and sank to ,. within four feet of the tip of the . ' f maatav The passengers were placed In I boat but one overturned u It lowered into the water. ' Of the 1 bodies reoovared four have ' been identified aa passengers and eight officers and crew. ' The known dead aret -paaaengers; v Thomaa Johnston, Brooklyn. B. Plckall, Hubbard, Ogn. , A. N. Hutchlnaon, Portland, Ogn. . ..: 8. Kumazawa. (steerage). " -', Crew: ' ?- ' x Chief Steward Heane. ' i v . . Officers: v Stewart F. K. King. Frank Comm.'-: .. . Ralph J. Mookett, seaman. lArsen, engine hand, Portland. -' Janitor, name nolj known. . ' ir.l.M '.Mam Mot kllffWfi. - Boll boy -believed named Baldwin, of Oakland. Calif. Captain Harry Hobey, maater of the . i ..i. . with two nassenucra, w.t a ,.. l.t on' tha ship. ' Tha captain ia miss i waa without a life preserver. One" of the two passenger George m... f Nahrask. waa saved. The ateamer Anyox. with the known survivors, arrived here late today. -According to the storlee of the sur vivors, three life boats were iauncu- ed. The last waa but a few feet from the wreck when the Alaska, which had listed to starboard, auddenly righted and then nluna-ed. bow flrat. The steamer Anyox, towing a barge Vancouver, was 1 miles distant hn ha flrat SOS algnala of tha llaalra flashed OUt. Within an hour the Anyox arrived at . the wreck and with order that won high praise from the survivors, tha crew of tha Anyox speedily picked up those who were drifting la lira pre servers or In life boata. Through , the night other ahipa Join. a4 In tha ream, work. Tln bodies wera found which with the arrival of the Anyox and a tug bearing the bodlea here left the unaccounted for at M passengera and four membera of the crew. Tha Alaska, of tha San Franpiaco and Portland Steamship company, left Portland. Oregon, laet Friday , with tai passengers of whom 12i wera In ,. the cabin and in tha eteerage. The majority of passengers wera summer tourists. The Alaska hailed from the home port of Port Townsend. Wash., Ita net tonnage was 1.109 and ita length tit feet.. Her normal crew numbered 46. She waa bulir at Chester. Pa., In 1I0. Blunt'a reef la 40 miles south of Eu reka and 1ST miles north of. San - Francisco, Ship accidents wera fra nuent tt that point years ago. until a , lightship waa built In 1901. The only notable, wreck alnce waa tha alnking. about is years ago, of tha ateamer Columbia, with a heavy loes of life. The owners of the Alaaka. Incidental ly. ajso owned tha Columbia. - Fogs have prevailed along- the Waah Ington. Oregon and northern Califor nia eoaats for two weeks and aeveral ahfpplng casualtlea have occurred, the moat notable being tha wreck of the - Canadian government ateamer Cana dian Exporter, off South Bend. Wash., laat week. Chicago Banker la Jailed As a Thief, r . 1 pi pssirwiiiii siwiiiiiwariiniiwaaaawaiwaataaaaaal 1 V ' John W. Worth in c ton. orldnt of th Central Securities company of Chicago, who has been arreated by the federal' authorities charred with being; the brains of a nation-wide rang1 that has perpetrated most of the largei mall and bank robberies In the,' last two years, Worthington's company, it Is charged by the government authori ties, was used to dispose of securities obtained In robberies, Including Lib erty bonds, which, it is alleged, were altered to make them salable, worth ington has been caught in the federal net before in connection with shady stock transactions., t ; CRAVEN SAYS HE WILL GIVE IMPERIAL WIZARC A CHANCE TO RETRACT Former Has Credentials To Prove He Was Dragon. HAS LOT MORE TO TELL THREE GENERATONS OF THE ROCKEFELLER FAMILY 4a Former Dragon Declares He Hasn't Told Hundredth Part of It All. ; . , GETS FIRST JARRING NOTE Major Craven Laughs Heartily Over Attenyaeona' Letter Wbleh CTbargea Ha Waa Paid By. K. at C. To , ,,6 Hula Ka, Klnr Klaa. ; - ... - (ndsl H Bsu Hm-I ' RldgeCrest, Aug. . T. Maj. ' Bruce Craven, who returned here yesterday from a walking trip to Mount Mitchell, received In his mail- today tha flrat note of discord In tha Innumerable batch of lettera and telegrams and telephone calls that have come to htm in connection with hla repudiation of tha Kn Klnx Klan last .Friday In the Greensboro Daily Newa. . Thia was an anonymoua letter mailed on the train between Charlotte and Savannah and atgned with characters known only to tha members of the order and which states that "'they all know TJraven was paid by the t Knights of Colum bus to ruin , tha ordef." He had a hearty laugh at It and said that It la entirely consistent with their attitude. tn which the dollar Instead of char acter is the only test All the other HARVEY IS A CAREFULLY STUDIED PERSONALITY It In GwtUt HoitrtJ In rrf That AabaiMser 'Will lim Mas Thaa a WeMrT. Paris. Aug. 7. (By Associated Prees) Ambassador Harvey, because he represents the United States, ts the most carefully studied personality of alV thoe who have come) to Paris to take part In the five-power conference Beginning tomorrow. The three prime ministers of France, Great Britain and Italy, respectively M Briand, Mr. Lloyd George and Sig ner Bonomi. are knows men here: their governments have already taken their position on the partition of Ipper Slleefa. the principal question before the supreme council. Kach rep resents well defined policies on the other disturbing problems, such as Oreers' and Turkey, swatting solution. Tha attitude of Washington, how ever. Is not known. Amhauador Harvey, although he taken his seat at the, table ostensibly merely aa aa ob server. Is looked upoa by ea4i party to the various ewntroverstes as a poten tial attorney and as one who may have the deciding vcloe as arbitrator or friend If the council divides Into fac tion & It Is generally hoped that the American ambassador bears Instruc tions to be more than a reporter of the proceedings, that he will, as occasion arista, have constructive seggeeUofia to offer. However, la his official calls today, he la understood to have given pe Intimation of any Instruct lens be yond those of as Impassive d nene-r slant vuaesn. been hearty congratulation a They are all held In confidence because many are from officials In tha order as well as from people prominent In this and other states. A score of them came from his own home organisation in High Point. . ' In response to repeated requests from a dosen papers for a reply to the im perlal wl sard's statement that he had never had any official connection with the order and the one of the organiser in Raleigh that he hd never had any credentials of any kind Major Craven tonight issued the following state ment: ' "I have Id my possession now all the paraphernalia, the official oaths. records, rituals and other documents. none of which are ever under any cir cumstances allowed In ft he hands of other than certain stated officials even so much aa temporarily. I have never held any kind of position of office In the order, local, tentative or temporary except . that of grand dragon. I have never been an organiser or a deputy nor an assistant. Among these documents Is a commission, sign ed by the little organiser t Raleigh, who says I have never1 had any cre dentials of any kind. 1 now put It squarely up to the im perial wisard himself to elthsr deny that he ever had anything to do with the statement given nut In his name or tn case hs stands for the statement that ) never had any official connec tion, te authorise me to go ahead and anything la nr possesion to prove my case. If I have sever seen grand dragon it Is certain t could act have any Important document and Is np to him to tell where he stands. These things came Into my hands be cause ef confidence Imposed In me as head of the order In the state and 1 hesitate ts take any advantage ef that confidence, but If the Imperial wisard says I have never had any official connection then It would seem I would oe at iioeriy to maae use oi anyming Tariff and Taxation Laws Seem Far Away. LEADERSHIP IS WOBBLING ,j ., i ji .. is. in , - Even Insistence of President To Speed Up Has Little Ef feet Apparently. FARMERS' BLOC WORKING 4eaator Mlatmeaa Thlaka Only Cen etnetlv. Actio Ha. Beca Pa.aaga of Legislation Aiding Faiaa TU ' aaace Few Bills Aft Passed. Dsu Itm Buret. umJ Telecnu Onto, Tlx Uw Suuatm (Br umd win) ; By THEODORE TILLER. Washlng-ton, Aug. 7. Tha extra, aea alon of the 7th Congress, called to re vise the tariff and taxation laws, Is about to enter Ita fifth month with neither of theae bills anywhere near final cassage and with even Republl. oana charging that Congress is wast ing a great deal of time ana rapidly acquiring the reputation of a no- nothing" body. Senator Penrose now estimates that It will not be possible to paas a tariff bill before November. Tha aanata will no,, doubt emasculate the house bill. Members of the house waya and meana committee are In a wrangle with the treaaury department over the taxa tion bill and mora or leaa general con fusion reigns on capltol bill. Congress will have been In session five montha next Thursday. Ita record to date la not a gratifying on and the leaderahlp In - both houaea appeara wobbly. Tha extreme heat In Wash- Ina-tnn diirlnr tha "dor davs' haa con tributed to the Ill-temper and Irrlta- EArnnminH Klarl Amarirn 4 en in in both bodies are quarrelsome. Many! : Takes a Hand. a recess, that It would be beat for Con- JHJcXlUVJS U. S. UNSEL 1SH greaa and the country. Othera, looking over the record argue that Congress Addition, Europe Expects has done so little It cannot afford to n . t- i ol .1. a halt ita slow moving machinery. I urcat iicunumic oirengin 01 Senator Simmons believes, he says, America Will Help. the only oonatructlve thing Congress I i:.v.t.1;: japan rather cautious for tha Norrls bill, which give the E? wwaaMaHHBRvvroMBrmMwiinRPswm 1 .Tohn T. DonkKf.llsr.' his son. John D.. Jr.. and tha latter'. thr anna ara at nniMnt In Rnu-ai. N. In a .nrt Of reunion. An exclusive photograph of three generations of the male members of the family was obtained at tha Binvu .mi. may nr. viijujiii. ,i,v,r uui.111., 11 is m uui luui ui in. muitiy iu aijrii,i a ,Nri ui in. auiiuii.r at mil eautlful spot, wh.re golfing can ba indulged In by the senior and tha more strenuous sports by tha younger LD Solution of Far East's Puzzles Harding's Plan Disarmament Conference Is Expected to Provide For Internatioh ' alization of China, to Recognize Japan's Right to Economic Expansion On Mainland of Asia and to Follow With a Progressive Disarmament Plan. , Sat J Stateemea Ara Alwaya Cantloas aad War With Aaaarlea Ia Laat Thing They Want Want Basse Llherry In East. , , ' taalsl CM. It Oalre ln. By COL, IDWARD H. HOl'BBl, . (Cwrlctl. 1,21. Sr rauaauohia sshic Uds.) London, August T Th proposed Washington conference Is beginning to loom large and expectations art run- war finance corporation additional capital and powers to make loans to agricultural associations and banks n- gagea in nnancing xarmera. ' This Is known aa an administration measure, but the fact ts that Senators Simmons and Smith of South Carolina; Eugene Myer, Jr., managing director, and Angua McLean, director, of the war finance corporation, had more to do with Its framing than any one else If this bill does not meet tha needa of nlng high. It la not that th call In agriculture, Congress has done about fituir ..,. . ...h .. . .1.. m s: Sri'., x,hto,u:,w,;v.? . uw to paaa the bill. - states will-take Its place among the Here Is a aummary of tha status of other nations and help In tha attempt aaSli ! ni'..nWJC.h t.M:-t th. problam. Whldh Ion: I surely ara vexing the world. Think Permanent tariff bill, naaaad hv th. I of US a. thSv mav.i thera la an unrfar. indVflnW? i'l"1 U? ,n th '1"t.,,', lying feeling In Burop. that we., of Pen roes bill for the refunding of the great powera, r. th. on. most the debts of foreign nations rannrtad disinterested. For that reason, and irom the senate committee. I for tha reason that w. have auch no- Taxation bill In nrocesa of itrifHn. i ,.,(. 1 ..,. .. ,u ,u. . 1.. by tha houaa committee and has long tion to Washington has heartened .v- w I ervnna nn thi. .In nf tha Atlantln U.,.,nl,w ..- v,,, . I ' " thH.,n!!!.t!l b.Ut.!ld U.P.'n Jh. houM- Uerved aa It might babut her states! Railroad settlement lerlalatlnn attn I . , . . , . - 1 men . 1 yrv-rvruiauy omhuvui ana ane Soldier bonua bill recommitted to the finance committee, arhere It will remain for some time. Public welfare department hill mak ing no progress in either branch packers control bill conference re port adopted by the senate, but not yet a Jaw. uooa roads lesrlalntlan between the senate and house becnuee of the differences In the Townsend and Phlppa-Pnw.il am.. Coal regulation bills sent bank tn eiiai. committee. , Anti-beer bill paaaed bv tha aa.ata "ow lacing, a filibuster In the nouae. . 1 To date more than 10,400 pieces of probably does not wish to b. led Int. discussion where matters - relating to the Versailles peace conference may be opened.- Tha queatfon of reduotion of armaments. Is something apart, and In that discussion she avidancea a wil lingneaa to join. Thar, aaema to be an uneasy feeling In Europe regard ing the Paolflo, and particularly aa to ourafutur. relations with Japan. There are many Ingredients for trouble be tween us, but It ' would be - a - aad fault of atateamanahip If they should ever bring ua to war with each othee, war Is a bad business at best, but with two countries aa far apart aa Japan and the United States and with noth Ing of advantage to ba obtained by communications he haa received havt U reposed legislation hav. been Intro-I ,'th'r ln th event of ancceaa. It would oueeo since the session opened, nearly four-fifths of them originating In the J0" e not want war with us. nous, kji mis conglomerate .maea of I mtv , iuriy 0111a ana resolutions only a negllble I aoiion in in. tar east, ji w. oo percentage haa a chine' of r,.... . I lect to her purposes strosigly enough Those of really flrat Imoortann .hih I to make war upon her. aha will prob- nave oeen paaaed by the two houses I ot icrce ua to 00m. to n.r sioe 01 and have become ooeratlve ean ba the Paclf lo to Wage It- She will then counted upon the finger, of two hands. 1 ra,T npon her air and undersea fleets rne two houses were summoned to 1 10 oeieat any aucn adventure on our nasnington tiy the Preeldent to deal part. primarily with revenue or taxation I There la hop. that th. conference legislation and with the tariff. Con grass approachea the fifth month of tne aeaeioo talking of recess with revenua yet to b. accomplished and with tha permanent tariff bill a sub. Ject for prolonged future debate. The tarirr pledge of the party In power. now.v.r. waa partly redeemed by the enacimenc or an emergency bill de may have a wider acop. jthan th. wording of th. Invitation would lndi cat: but even if nothing mr. la done than to bring about a drastio reduc tion ef armamenta .and an under standing between the three great Pa cific powers, a long step forward will have been taken. But more than .that will come .out of It. Public opinion signed to afford relief to agriculture. I will demand other things, and public 11 is a matter or tact that on r one group la Congress haa thua far been aoie to noid together, to eeater at tentloa npon the needa of Ita eonatltu- ency and to achieve legialatlon for that portion of the population which it represents. .It la composed of rep resentatives of agriculture territory. The leglalafbra who could apeak la the name of the farmer have apoken with authority at thia session and thsy have Deep headed. Judging by President Hardlnc. who naa round It neceeeary more than once to remind the house and aenate that there la-vital buslneaa to ba transact ed, there haa developed In a general opinion la beginning to be the moat potential factor In the world. Th. pr.ae everywhere, and partlcu larly In the United States, haa a line opportunity for aervlee. They oan arouse and gruide the public In the right direction; they can prepare to make oacessloae even aacrlficea If needa be In order that wise and benef icent settlements may be reached. ' Such a conference aa the one pro posed - will of necessity touch upon Germany,' Russia and the atatea of near'eaet, even though no attempt of a definite character be made to bring them within the ecope' ef wtiatever agreement may be reachad. These " ' ' ' ' ' ." statee are too large and too Important ZL?' 'C-m." "'l-P?h.:TK-h'V.!"- ! 'red If a ...ting pear, la ,. r- ui w.v.. ' lVTT ! VMured. Sooner or later wo mutt oy the hoiiao of tho revenue bill btL,u. . . -i. ... for the roceei And priority for It In the senate, allowing, the tariff to wait. WHa Haa Ba De. The meaaurea of importance which have bea enacted are: Ratification of tha Colombian treaty by the aenate: Immigration - reetrtction. emergtner tariff, army and nary appropriationa. left over from the iait Congreoa: a budiret syatem, a reeolution for a naval ditarmavtont conference, a reeolution mm It In peace with the central pow era. creation of a veteran's bureau and deficiency appropriationa amount ins to Of the work remaining ahead of CSnereea, revenua aa tariff bills obviously ara tha most Important. Other measures auch as the bill creat ing a department of public welfare, the bill Su.horiiinr (he treasury de partment to fund the foreign debt and tha President's proa ram for a sattnV- tbat t have, I shall wait a reasonable ment of the claims of the railroads. time to hear what be aays about this aad If bo el lews hla name to remain In support of what he and I both kaow I eaa prove la vat ma I shall ase my own discretion la tha matter. I have not told a hundred ik part of what 1 caa lU. have languished. The administrations plaa for relieving farm credit and en eonras'inff farm ezports, t broach aa extension of the powara of tha war nance corporation, haa beea passed by the senate. bst remataa to bo completed ib the brine them Into conference with ua. If we would make permanent and effec tive the plana we ara forming among ourselves. What la accomplished will depend upon the character of the men sitting In tha eonfeepce, aa well as the public opinion back of them. Europe la plan ning to aend the best she haa of those ho. la themselves, carry authority; and If the narrow and selfish view should yield to a broad and generous one, the results may be epoch making. tl'HOOftKH CKC 11.1.4 COHRV in bv wnwnci ioirrios New York. Aug. T. The "America a schooner Cecilia Cohen was reported today aa on firs and in a sinking condition about te miles off Cape Hattetaa. A radio message to the naval communications Sftr vice here said the crew bad ben rescued by the stealer West Keen oa her wsy to New York. The Codlia Cohen was a vessel of l ie gross tons, built la ! at Bath. Maine. Phe waa recently reported as hsvtng gone ashore o a roef on tbo Fiorina coast aa a voyage from Tampa, Fla. Diilv Nem Bunwi and TeWrwh OfflM, ' " Tha Blin BuiMtaf (By teued wire) By FREDERICK WILLIAM WILE, " (ropyrlsht. 19S1, by Phllada.pbla PuMle Ledr.) Washington, Aug. 7Virtuvl inter nationalisation at China and, recogni tion of Japan's right to economic ox tpanslon on the mainland of Asia, to ba followed by progressive disarmament may ba the outstanding faatures of the American program at the Washington conference. Such an "agenda." ln broad outline, la known to command tha sup port of an - Influential si amen t in the Harding administration. It la held to promise the one reason able prqspect of a successful Issue from the conclave which will convene on Armistice day. , Tha projected pro gram la based on what ara called the basic roots of the far eastern problem -frank realisation that China la a broken read and actually frank admla slon of. Japan's necessity to spread herself on tha Asian continent.? : Must Accomplish Purpose Before ths disarmament conference fs many hours old another feature of the American program may ba expected to develop, namely, determination of the United States that tha alx con ferring powers do not go their way without accomplishing tha purpose tney net themselves. President Hard tna; and Secretary Hughes ara various ly accusea at noma and abroad or fall-, ing to realise the Immensity of the task they undertook In calling the conference. Nothing la wider from the mra. 1 ney are iuuy aware or tna re sponsibility that has been Shouldered. They know It Is "up to" America to "make good" on the conference. Be cause of that realization, the Presi dent and the secretary of state may be dependfi upon to "go the, limit" In preventing an abortive conference. It may come to pass that the United mates will utilise Its dominant eco nomic and financial position In' the world today, including Its whip-hand sowers as a creditor nation, to enforce a successful issue. The Harding ad ministration Is conscious of the chaos, gloom and worse that would ensue from the conference Inability to lay the foundations of -permanent naaoa. So the administration's Jaw la set upon seeing that tha foundations are laid. subject to necessary clarinatinn in details, the following general proposi tions ara laid down in an authorita tive quarter as fundamental to Ihs practical solution of conference prob- ! China shall b declared to indi visible, aovereign and Inviolate. To her administrative sovereignty shall be restored all Chinese territory now In non-Chinese hands or under non-Chi nese control. Including porta, spheres i iunuence, concessions of public ser vices snd so-called "foreign riahts" rff u Kinas, including Darilrtiiariv ' th irg.nuiiwn OI unineae JuiUnlal mnv-. eignty within her own domain. China Wee-da Mela. Although declared to he a nniwiraiik lllla.na. a . . " ' ..uDu-Tsiusns, .Bis inn not t.i. Integrity Is to ba guaranteed, the con ference shall sfTIrm ha hali.r ... China today Is Incapable unaaalsted of preserving either her Independence or territorial Integrity. pursuance of tha powera' anil. and ethnnloglcally, shall be declared aa constituting no part of China prop er, though It Is to remain an Integral part of tha Chinese republic. Th. Jap anese alao ahall ba granted tha right to utilise for aoenomlo purposea oer taln areas In southeastern Siberia ad jacent to Manchuria and Korea. The political Integrity of Russia la net to ba regarded aa Impaired by recognl tion of Japanese economlo privileges in the region around Vladivostok, Bar Uadeelrablea. Japan and China shall be held with in their full rights in 'barring from their own territory all lmtnigrant ele menta of other racea capable of dis turbing their own economlo - equili brium or Introducing racial antagon isms. Japan and China, to that end, .hall have ths privilege of restricting access to thsir domains to the so-called Intelligentsia of other nations, In cluding ths commercial and lutelUo- tuai classes. , . . . Nations other than Japan anU China snail, on thsir part, enjoy the right to bar as Immigrants the nationals of japan and China except repreaenta lives of th. Intellentsla aa defined In tne preceding paragraph. There shsll b. k solemn undertak ing upon the part of the members ef tn. international council to refrain from aiding or In any. way abettlna tnos. engaged j factional strlfs with in .uina. ana 10 counaei in tneir com mon interests, in ease of emergency, regarding ways and means for com batting interference In China by pow ers or nationals of powers not mem bers or tne International council. In reglona assigned to Japan for economic expansion, the Japanese ,shall bind themaelvea In no way to restrict equality of trade opportunities for otner pr rs on tne open door prin ciple In force In China or Ruasla. ln. fractions of that principle shall be a (Continued on Page Four.) Miss Louise Sloan, of States- ville, and Escort, Marion Avant, Lose Lives. BOTH BODIES RECOVERED In atv tn I(am Phi . 'L' ,, . - " ana intact, there enall be eat ua an ln,.rn.ii 1 ell charged with th. speclnc duty of safeguarding China from territorial spoliation or economlo exploitation on behalf-of atir 'natal. of powara.- No treaty, concession, let.se ' " l""ry or economic "rights" n China shall ha m.s4. -.u out the 'knowledge. consent and ap prova. naf. the International council. , tJLZHil , h pr,marT of the international council tn .... .... TpVrit ? T " -wl1 " ln No existing commr,l.i nn..aa..i Industrial or .rliimB China, now in legitimate foreign own ership, shall be subject to confiscation. rnierierence or ablttion provided It has been shown to the satisfaction of the international council that anv given enterprise In so way arrogatee iiaeir. or -is In anv form attomot- lag to exerciti, territorial, political or military rights becauee of stirh own. ersblp. This provfsn spplies par ticularly to railway prnp-rties snd the ell known eyetem f malntainina troops cuphnniouely described as 'Yall way guarda Japan s neceastty to find room for her surpioa population la to be rero ognlsed ss liiirr1te It shall be agreed that the natural field ef Jap an expansion is the uninhabited and aadeveloped mainland of Asia s-1 ja pe at to Japanese territory and Jap anae waters. The Jspanee ahall to aaaigaed in psrtiruiar exel naive for parposea of Immtgrsttow and eronomtc development and prely aot for po litical or tarritnnal acraadisemt, ! t he Ch i nee peedeney of Man chart, which, historically, pol it uatlly , " (BpteUl te Dally Wilmington. Aug. 7. Miss Leu tne Parks Sloan, of Btateivllla, and her escort, Marlon Avant of Wilmington, wera drowned tn tha aurf at Wrights- villa Beach at t o'clock thia morning, The two young people had gone for an early morning swim and got out deeper water thaa they wera see us tomed to, which made It Imposalbt for them to make their way to land Tha beach Ufa guarda were not on duty, as they do not begin thefr watch dally until 19 o'clock, and cries for help from tha drowning: eouple therefore went unanswered until after It was too late. i Tha body of the young woman was quickly recovered, that of the young maa being brought In three boura later. Kvsry effort waa. made to resuscitate both, but work of experts with pulmotera was unavailing. Miss 81 oan waa 11 yeara old, and the daughter of Mr. and Mrs. J. I. Sloan of Btatev1lle, who. with a eie'er, Misa Margaret Sloan survive. She was very popular In hes home city, and was graduate of Greensboro college, claaa of 121. Her body was shipped, to Btatesvllle for Burial late this sfter aooa. and ' waa accompanied by th young -lady's ancle. R. I Sloan. Miss Sloan cams to Wilmington July SI and aftr spending soma time here with relatives went to tha beach. It waa la front of the Beach Cottage, at which aha waa a guest, that she was drowned. Marion Avant was' 24 sears old and a well - known and popular young Wilmington lan. He served la the f.avy during the world war. Arrange ments for his funeral had aot beea made late today riKR4L or ai.nA to IR HKtO Tt e.SIIA T MOBftlJG aef I ta Pat V-w t Htatesvllle. Aug I Statesvllle peo ple wera shocked by the t el ram an nouncing that Miia Louis gloaa had be a drowned this morning st Wrtghtsvtlle Beach. . The remains of Mlas Sloaa will ar rive in Hatvlie tomorrow morning on an early tram and funeral will b conducted from It road Street Methodiel chr-h Tadav morning. Miea Sloan graduated with hih hon ors frest the 4rnsboro foliage for vasna this aprins; and was a youna of extraordinary gifts and ac-amenta. a pi teha Believe July Recovery Has i Reached Ita Culmination, LOOKING FOR UNLOADING Biff Guns May Be Expected to Support Market Until They Turn Loose. PUBLIC IS STAYING OUT Dtotm ef Men Wis Formerly Had Big Maaey Ts Invest At Thla T(se . Of The rear Are Mlaalag . Near Banks Tight. New York, August T.Thos. la Wall street who make It a point to study speculative eyolea and 'the awing of tha stock market believe that tha past week developed a new phase of th' movement that began ' In ' the tatter - part of June. It will he recalled that abeut June 10 th. long decline which , Began early' In stay nam. ts an and. - Thereafter the market recover.df and ! tha recoveries In many oaa.s amount. ed to 15 and to points, ! From th. speculative standpoint, th f market enjoyed an axt.ns v. rally from Its low pries, of June. Th. rally ran Into th past week, and on Tues day afternoon and Wedneaday morn- j Ing had a considerable demonstration of sharp up bidding of stocks, with th railroad group In th. lead. Dlstrlbatloa Under Way. Th new phase that has been die. cerned ln observant quarter 1 da-' srclbed as "distribution.'' That 1 to say, the July r.covery Is held t. have, reaoneo ita point of eulmlnation. th ; point where th Important operatora . aell the stocks that they -bought on 1 such a declln as ended In June, Wer tnis view correct, one might expect to selling com Into the -market, with yielding of prloes under th pre. ur. . , , ,. As a matter of fact, sine th sharn run-up Tuesday afternoon ad Wed nesday morning tha stock market .has been, called upon to take a considerable volume of selling. Stocks that went up th faatsst cam. down. th. mast on Wednesday, Thursday and Friday, Tha market acted In a way to eon firm the view that "distribution" wag under way. . - , Dletrlbutioa doea not take nlaca. however. In on day er two or three. It .cannot take plaa all at once. For tnat reason those who hold to the theory that the period ef distribu tion haa atartad rather exnsot that tha market will be supported for a period - f a week or so, while th sellln I. going on. After that, there would be expected to develop resumption of the declln that ha been the major ' movement for something like two yeara.. Whether auoh an avsntuallty ' will follow rallies and reaction may be looked for during th coming w..lt an only be told after th vent. Tn foregoing 1 given as an Inter. pretation of a stock market In which there Is eopcededly not a targe puhllo Interest, and which Is almoat wholly In ths hands of th sooslled profes sionals. Thar. I. . . broad puttll. speculation today to tak. into ao count as a factor of gr.at uncertain ty. Perhaps It Is becaua. of the nar row professional oharactsr of the mar ket that thoae who atudy epeoulative movement ventur aa confidently aa th.y da to deecrlb. the present period ss one of distribution. Wealth Nut latrreated. The Important part of the "public" In the market consists of those men of wealth who have ample funds with which to engage In large speculative committments. There re few of these, If any, In ths street- today. On th contrary, soms of those who hav been In th habit of carrying iarg line of stocks are in soms cases selling, not , merely "staying out." Ths eollaus In prices or a few. apeelal stocks lndi- rated clearly last week that some large noiaers or securities wer. under the necessity of disposing of soms of the holdings.- Nor Is the amount of money that In the old days could ba counted upon to be available for stock our- chaaea forthcoming this year. A cus tomers msn in one of the largeat houaea In 'the street said the other day that whereaa In tha old daya he could count upon 1500,000 from a few of hi euatomers to be used- for buying stocks at thla time of the fear, tha amount mat naa neen forthcoming haa not ex ceeded 160,000. , - ln the meantime funds of the bank available for stock msrket- use ara not plentiful. Tha call money rate during the past week showed .a per slstent tendency to stiffen. Ten day ago the rata dropped to m per cent, tha lowest In two years. Wail atreet made much st this low rate for money, and many predictions were made of continued eass In the money market Aa It has turned out. the rate had risen in a week to six per cent. The sic , per cent for renewala reached oa Frl- . day waa tha flret time that figure had obtained since July 20th. It waa atated aa a fact during th week that there waa considerable all Ing of stock market loana by th . banks. Also, out-of-town banka have been withdrawing their funds from New York. The latter mov. b.gan wh.a call mon.y declined to 1 a.r cent, and there waa llttl profit to oat- Bide lenders to have their money bringing that aort ef return 4iere. Again, there ia the wsstsra dsmand for money for financing the crops which appears regularly In Auguat and It ia poaslble that on account of the heavy movement of wheat thla year f the marketing centera the demand for funde has been f.lt earlier than uauat. Competent authorltleo on tha money situation do not look for any lowet call rate during the month than sts r p.r cent. Mo Bim froflea Saaa. Th. Indu.trl.1 outlook do., not aug. fast th. early approach of large proAu la buslnesa The advices of the paal weak hav. been much th. sam. aa dur- Ing July- Improv.nl. at In t.xtll. ha been th. .uts'.ndlng festur. of whai (Continued on Page Four.) fwrnit By atatva. Vlrglnts: Oenerally fair Monday and Tueeday, cooler Monday. North Carolina: Partly cloudy Mon day and Tuesday. probaMy local thua earahow.r. Monday, aot much change In f.mperature. ouh Carolina. Oeorgla. Alabama extreen. aerthwrst Florida. Mississip pi: L-oca! thundershowars Monday ane probably Tueaday. llttl. change ts temperature. Florida: partly cloudy weather wit rettervd thund.retorm. Monday aa - aad. j Laral T.aap.iailfa, Th. temperature of Oreaaaboro an' - vicinity yesterday, accordtag to A. It Horry, local government .feaarrer, waa High lew