Newspapers / The Asheville Times (Asheville, … / Feb. 9, 1914, edition 1 / Page 1
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azrfteite TBE OAZXTTl-XltWa HAS tbb most Weather Forecast CONTINUED COLD. V(CB IN THE CAROLINA. VOLUME XVIII. NO. 310 ASHEVILLE, N. O, MONDAY AFTERNOON, FEBRUARY 9, 1914 PRICE FIVE CENTS MS BANK ACCUSED For President Raine of the Mercantile Bank Charg ing Embezzlement. ALLEGED SHORTAGE OF $700,000 TO $1,000,000 Petition For Receiver Recites C. H. Raine Obtained Mon ey by System Which De ceived Directors. Memphis, Feb. 9. As a result of the closing of the Mercantile bank, one of the leading Institutions of the city, today, following the discovery of the alleged defalcation, of its Presi dent C. H. Raine, a bench warrant charging embezzlement was sworn out against Mr. Raine by Z. N. Estes, county attorney general. The amount of the alleged shortage Is variously es timated from $700,000 to , 000,000. G. C. Hutton, state superintendent of banking, arrived here today from Nashville and was at once appointed receiver for the bank In accordance with a chancery bill filed by at torneys representing the bank's direc tors. There was little excitement in the iinacial circles today over the difficul ties of the Mercantile bank. J. C. Ottinger, president of the Memphis Clearing house association issued a statement declaring other banks would not be affected. Memphis, Tenn., Feb. 9. Ten di rectors of the Mercantile bank, one of the most important financial institu tions in the city, today filed a petl-j lion in court charging that the bank was insolvent as the result of the al-! leged misappropriation of more than ! xuu.uuu Dy J. nunter name, presi-j aeiu oi tne institution. I in tm. petition name was neia sale- ly responsible for the a pparent short- age, approximately J788.805, which itlBon-s raising of the embargo on arms Is charged he obtained "by a system waj addressed to the chancellor in the of handling its drafts, property and I imperial parliament today! The ques exchange in such a way as to deceive ; tion was put bv two of the national the direetora.and to conceal his man-1 liberal leaders, Ernst Basserman and Ipulations," the total amount of which Baron Hartmann Von Richthofen It was alleged he lost in speculation. The latter was at one time German The petition places the liabilities of j charge d'affaires in Mexico. The ques the bank at approximately $2,196,894, , tion was phrased In a tone of frlendll vvith assets of $1,408,089. In a pub-1 ness to Huerta. lished statement January 9, liabilities were given as $2,436,197. At that time tho total deposits were $1,861,109, of which $344,233 were savings accounts. The bank Is capitalized at $200,000 and has a surplus of $100,000. Resources, loans and discounts at the time of the statement amounted I t $1,130,496; actual cash on hand was! $424,784; sums due from other banks amounted to $489,165: cash Hems in transit amounted to $137,778. These an unit with other items balanced the amount given us liabilities. The alleged discrepancy was discov ered by a representative of a New York correspondent of the bank who was sent to Memphis to audit the Mercantile's books, when loans re- quested were found to be out of pro- Washington, Feb. 9. Designs for portion to the amounts usually - sated new fMn,ons ,n paper moncy l0 be for at this season of the year. Uls re-( ,Mue(, under thp currency act havc port to the directors yosterday which i bwn prepared by expertI! of tne bu. brought the situation lo a climax was reau of engraving and printing. As tho first intimation that the hank was , soon comptroller Williams has not in a prosperous condition, accord- . secured the approval of Secretary Mc lng to the directors. j Adoo tn, pl(ltel! wlM be made Rnd a It is stated that President Raine, few hundred millions will be turned who attended yesterday's meeting ab- 0ut by the bureau's big presses solved all of the officers and directors There will be three kinds of new of the bank of implication in the al-, currency one for emergency pur leged shortage and tendered his per- poses, one for the federal reserve sonnl estate, which he valued at $360- ' hanks Issued against United States 000 to the bank. j bonds with the circulation privilege, I and the third one-year gold notes to be Issued to reserve banks against TO RETAIN S.S. LINES U. S. Commission May Permit Retention of Ownership In Its Descretion. Washington, Feb. 9 T.h ''n",5rl-1 vanla. Iehlgh Valley and Northern Central railroads have nuked the In terstate commerce commission to per mit them to retain then steamship lines after July 1, the date upon which the Panama canal decrees all rait lines shall dissociate thetnaeWss from competitive wster lines. Ths law, however, empowers the commission in Its discretion, to per- mlt the railroads to rstaln suoh own-1 ..-h i. If ......K - 41.1 la m . k - ' " - r iw nest inioreeis or tne territory the rail and watsr lines serve. . In expectstlon of a great number of requests from railroads wishing to rstaln their steamship lines. te i.iiimiimimi has divided the United tttstee Into four sections to expedite hearing. Commissioner Clements will take the Atlanta coast as far south as Norfolk, and Commissioner Ueyer the j Souths Atlantic end gulf . TRYING TO UNITE N. Y. DEMOCRACY President Wilson, Gov. Glynn And Mr. McCombs Hold Con ference to Consider Prob lem of Assembling Vari ous Party Elements in Empire State. Washington, Feb. 9. How various elements in the New York state rtem- ; ocracy are to be assemblod into a new ' organization with progressive leader-! : .ship was the problem before Presl-1 dent Wilson, Governor Glynn of New lork and William F. McCombs, na-' tlonal chairman, in conference today. ; The president recently has been giving i deep consideration to the autumn 1 campaign when he realizes the demo-1 cratic administration to some extent win De before the country for approv al or disapproval In the elections for members of the house and senate. Chairman McCombs has talked nvnr the national situation in detail with 1 the president, but most important, ad ; mittedly, is the status of the Empire state democracy. With a spirited city VILU GIVES ASSURANCE of mjjatan But Will Not Ignore Active Aid of Gen. Huerta by Foreigners. Washington, Feb. 9. Indirectly as surances for proper treatment of for eigners have been .received at the White House from General Villa. Representations by American consular officers on the necessity of extending to Spaniards as well as all foreign subjects equal protection has met with compliance. At the same time General Villa, it is understood, will not be disposed to ignore active participation by for- eigners in the cause of General Huer toi but wlll extend to any foreign com batants, however, the right of trial, Friendly to Hncrta. Berlin, Feb. 9. An interpellation as President ' t , whether Provisional ;j. erta has made re o mentations to 1 ,., , tn o,.iHa, uimTV'B" smw "at he w OESIGNS PREPARED EOR NEW FASHIONS IN MONEY .There Will Be Three Kinds Of New Currency Size of Present Bills. I United States bonds but not to have the clrru.atlon privileges. The de signs contemplate the present site of paper money, although the plan of the Taft administration for smaller bills may be reflected In future Issues NO INFORMATION OF NAVAL TUG POTOMAC Washington, Feb. . Not havlns heard from the naval tug Potomac since last Thursday after It had been obliged to abandon efforts to relieve two Maine fishing .vessels In the Ice In the Bay of Islands, the navy depart- Sydney, N. B.. for Information of the missing vessel. It Is supposed the Potomsr may be somewhere beset by Ice and unable to make port, though It Is regarded as singular that sen has not been able to report by wireless. The fact that Ice in the Bay of Is lands was too heavy for the powerful tug to psnetrate Is regxrded by nave,! offlosrs ss proof that it afforded the crews of the fishing vessels a safe way . lo retreat to the mainland OresUi Forms Cabinet. Port Au Prince. Haiti. Feb. . General Orestes Zabor, who was elect ed president of Haiti by congrsm yes terdsy In succession to Michel Orente, who fled on the outbreak of ths revo lution, formed his cabinet today. Ills mlnlstr-r f foreign affairs Is J. N. Igi where a fusion of parties battled suc cessfully against a Tammany organiz ation, and with contests in various parts of the state between Tammany and anti-Tammany elements and other factions the Washington admin istration feels it must aid in building up a unted demorcacy for next au tumn's national campaign. Some of the president's close friends think he will make several speeches on national questions, asking the people to keep both branches of congress in the democratic ranks, Al ready the president's guiding hand has been seen In the plan for close co-operation between the democratic national committee and the demo cratic congressional campaign committee. MANNING IS HELD IS TO Directs Funeral of Murdered Wife While in Jail Sis ter Is Detained. ..ewark, N. J., Feb. 9. Accused as an accessory to Miss Hazel Herd- man. who killed his wife and later committed suicide, Charles I. Man ning was held in custody while fun eral services were held over the bodies of the love tragedy's two vic tims. From his cell Manning arranged for i the funeral of his wife, while Arthur J. Herdman, the Pompton Turnjlke inn keeper claimed the body of his daughter and arranged for its burial. Miss Herdman in her dying state ment attempted to exonerate Man- "'nB' b"1 Chl?f PoULe V0"8 sayS . . ' . . c.mw..... ...... vuiu.i.cu iiiin and that he took Miss automobile to Newark before the murder was committed. Manning . made io effort to escape. On Saturday inorn.ng, he drove with Miss Herdman to Newark and viewed the body of his wife in a morgue. Af ter Miss Herdman had taken poison he carried her in his machine from Bloomfield to the hospital in Mont clalr and later drove with the girl's mother and sister to the hospital where he was taken Into custody. The police today detained Mrs. Sadie E. Garrabrants, sister of Man ning, with whom he has lived since his separation from his wife, and she ia being held as a material witness. I The charge of murder against Man ning, the police stated, was decided upon today, after the accused man had had been questioned at intervals since late Saturday. Statements made by two women and a young man who were also brought to police headquar ters Influenced the police to make the charge. One of these witnesses was Mrs. Garrabrants. QUESTION OF SUFFRAGE NOW BEFORE SENATORS In shape of Resolution Pro posing Amendment to Give Women Votes. Washington, Feb. 9. The equal suffrage question confronted the sen ate tudAV In the ihnna ft a amI itllnn proposing a constitutional amendment to give votes to women. The resolution was first on the cal endar, and as there was no unfinished business it was called up immediately after the routine morning business had been disposed of. Prospects for a vote on the resolu tion today, however, were not good because several senators had previ ously given notice that when the ques tion was reached they wanted to dis cuss It. Senator Ashurst was confident that If a vote was not reached today the senate would act during- the pres ent session. The resolution was favorably report ed by the senate woman's suffrage committee last July. When the suffrage resolution was called up the senate decided to de- fer action until several eenatora hsd had opportunity to discuss It. M f.lNIATION' r.VX9S PKOMXTTDIG Of ATHLBTES Chlcaso. Feb. i Inrut,,M,n, I ing tq the elimination of proselyting 1 ITALIANS TO PARTICII'ATK. IX of college athletic by athletlo clubs 1st PANAMA XAVAL GATHKRIVt. being planned by the faculty commit- . tee of the universities. It was learned ' Naples. Feb. (. Orders were re today. Among the rules which prob- i ceived today from the Italian minister ably will go Into foroe soon Is one of marine for the preparation of a which forbids any man connected In a 1 squsdrun of Italian war vessels In prufesslonal way with an athletic club . participate In the International naval fmm up pen ring on ths Held its i.u olfl- , gathering In connection with the clal at a meeting. opening of the Panama canal. CAMP SECURED 1 " ' i FOR ASHEVILLE News Received from- Washing ton That Federal Military Training Camp Is To Come Here. SWANNANOA RIVER SITE RECOMMENDED Will Bring Three Companies Of Regulars and About 1000 Students Here Annually. According to special messages re ceived here from Washington, Serre-1 tary of War Garrison has ordered that one of the four federal military camps for the training of young mill- i tary students be located near Ashe- j ville, on the Swananoa river site re- j cently inspected by Capt. Robert Van j Horn of the Seventeenth United States I infantry and chief of staff to Gen. i Leonard Wood. This camp will be for: the benefit of the southeastern section i r.f thn llnltH Staton I'unt V-in TTni-n inspected a number' of possible sites t U i- I , . i 1 1 I the Dnilthoatorn aanHnn 'last month and his report was only i "Bnore ne,e eu;" "l"T : .... .i.u m. v.ir I Her captain signalled this I Wood. In this report he recommended 1 that the site near Ashevllle as the I most suitable and it was on the strength of this recommendation is understood, that the final selection was made. The movement to secure this camp for western North Carolina was start ed early last fall by Division Pasgen ger Agent James H. Wood of the Southern railway and was immediate ly taken up by other officials of the company, by the Greater Western ! North Carolina association and by the ! various boards of trade of the sec- tlnn IVil S Vf . fnhpn manaepr of I the association, went to Washington Ha rrtrtf nav( nf Vn-rtl-Vl l.isi Tee H s nn iLccauHfirv i . , .. . , -r -. . returnee toaay irom tne wrecK scene HertmBThto,C?,:rMTf.W,t.K ' "'nonew-rawSBTs; having broken all ntrunuui in iu i , rulntlvA to the matter and ex-i . cials relative to the matter and ex tended an Invitation on behalf of the people of the section to have a repre sentative come here and examine the offerings of western North Carolina. Capt. Van Horn came here on January 21 and remained for three days. During this time he examined two sites in the vicinity of Ashevllle and several around Waynesville and Hendersonville. He gave no intima tion then as to what his final recom - mendatlon would be but expressed his enthusiasm over the climate, scenery and general adaptability of the sec tion for manoeuvers. It was felt then by those in touch with the situation that he would recommend one of the sites in this section and It was so stated in the columns of The Gazette News. The news, therefore, that the camp is to be located here did not come as a complete surprise It is generally conceded that the es- j . , l.li.-li, i ,,f ri.i.- in it,..-, itamn will . , , , . .., j mean a great deal to Ashevllle and VWVril .Mil III ' OiI 'liOCL, Si in i 11 Will Ik-T- m,,i. r .h ,.i, " t... tvi i ...ii... .,,.1 annpiilmilalv 1000 i.iiMt-n-, ! . U . . V i V , .1 students here for s x week dur ng the .iT. .nu i. . Biimmcr months. The camp site Is of- fered freo for the first year and If It proves satisfactory the lands will be purchased by the government, perma nent buildings will be erected and the camp perpetuated. There is little .l.nilit f..ll I. ..I 111. I lha ...i..,.. mill 1... . 1 . ' , T 'C . .. V made permanent. The fact that it has been secured here in the face of strong competition is all the more gratifying to the people of the section. The lands selected for the establish ment of the camp are situated on the Swannanoa river, about two miles east of the Blltmore station, and are own ed by Mark Reed and others. It is stated that army officers will be sent here at an early date to make ar rangements for the camp so that ev erything may be In readiness for its opening this summer. The date of the; opening has not yet been announced. ' CONTINUED WEAKNESS I mvnnv tqt inn stfrnnva KUUA lOliAJNJJ 0 1 UUJ&B i i mi ' New V'ork. Ptb. 9. The stock market was again unsettled soon af- ter the strong opening today bause of rather weakness In the Rock Island securities, all of which fell to lower records. Dealings In Kock Island com- mon and preferrod, as well as In Chicago. Hock Island and Pacific col - lateral trust 4 per cent bonds, were fairly extensive and suggested liquids- resulted In every way to tho advant tlon by holders. There was recurrent age of the l'nlted States, In the opln weakness In New Hazen and New ion of Senator Lewis, who was dele York Central because of developments gated by President Wilson a the sen whlch indicated further federal In- ate renreirntatlv to tha iiinfaruua qulry. On the curb the oil shares were also I very weak. Atlantic Kenning, a stand- 1 ard oil subsidiary fell from 820, last I Saturday's closing prlco. to 14! In the : nrst nmirs trading Famous Sculvtors Hire WorPJone Is Charge Gutson Borglum S That " suaumuow jo uoq laj xi And Statu' ' U. S. Were Not Made by Those hose Names They Bear." New York, Feb. 9 Art circles were interested here today in a state ment by Gutson Borglum, sculptor, that nearly 60 per cent of all the monuments and statues in the United States including those in statuary hall, Washington, were not made by those whose names they bear. I The sculptor was addressing the Woman's Political union. "Right here I in our city," he continued, "1 have known two or three sculptors who CONTAGIOUS OISEASE ON ! Feared That Crew of Queen; Louise Are Afflicted With Smallpox. Manasquin, N. J., Feb. 9. A conta gious disease, the nature of which has not been made known, broke out to- j"1 among the tfrew ?f the stranded 1 steamship Queen Louis, which came morning, informa tion to the life savers but did not in dicate that he needed medical assist ance. Fears that the disease may be HillUlipUA IfU llie IH.I11M T. i i i l i I ' a ill tne lownsnip to sation an oniccr on the beach with orders to quarantine anybody who might come ashore. If sufficient cargo is removed from the steamer today It was expected thai she would be floated at high water this evening. New York, Feb. 9. All efforts to pull the British steamer Queen Louise from the sand bar off Sea Girt, N. J., beach failed today. Three wrecking tugs and the revenue cutter Itasca stood by the stranded steamer all night. The derelict destroyer Seneca she carried. CAUSE BANK TD CLOSE ) , presidellt 0f SavhlffS Bank Says He Will Not Submit To Such Law. Winona, Miss., Feb. 9. "We wish to close up the Winona Savings bank i before the legislature puts us all In ' the penitentiary; therefore we wish i all depositors to come and draw their I , , . ,, .. , money. We also wish all parties owing , i, , . t Pay "s immediately s to pay us immediately." This notice was sent today to the I banks depositors by J. C. Prunell, .. . ,,, ,,, , , , , , the president. The Mississippi legis- , . . .., , . . . .. a feature of which Is the guarantee of deposits. Mr. Purnell said hereto fore hiB word was all that was neces sary to assure confidence in the bank and that he would quit business before submitting to the proposed law I v " ONE KILLED AND 14 INJURED IN WRECK FROM BROKEN RAIL Sioux City, la.. Feb. 9. One person was killed and fourteen were injured when Chicago, St. Paul, Minneapolis and Omaha train No. 2 was wrecked by a broken rail at Blgelow, Minn., earlv today. None of the in lured was believed to be fatally hurt. All tho cars except one left the track. St. Paul, Feb. 9. A 'broken rail which had contracted and snapped hecauae of tne cold wa" responsible f or the wreck near Blgelow, accord- Ing to the general superintendent of the railrnn I. CONFERENCE RESULTED . . . . ' ' . TO ADVANTAGE OF U. S. j Washington, Feb. 9. The work of 1 ths International conference for safety at sea, recently held atllxmdon ;and who returned here today. , According to the senator, the 1'nlt- cd States will have full control of the patrolling of the seus and WlU pav only 15 per cent of the cost Tango Keplaces Oratory. Ktw York. Fob. 8. The Indiana society of New York and the Daugh ters of Indiana are to replace oratory with the "tango" at their banquet on February IV After their dinner they wlll dance and play auction bridge In- stead of listening to a program of speaklag. according to an announce 1 in. -lit made toda by their secretary. committed suicide. They bad been do ing other men's work and other men getting the credit and they getting barely enough money to exist. 1 know that most of the work of statuary in tills country has not been dom by the men whose name they bear. "Tliis is how America gets her art. Contracting firms get the contract and the honor. The starving artists do the work. The government pays for sculp turing thousands of dollars of which the sculptor gets a hundred or so." BARHIE IKES POSSIBLE Playwright Said to Have Giv en $50,000 For Proposed Polar Expedition. New York, F--. 9. Sir Ernest Shackletun was able to announce that he had linally collected necessary funds for his Antarctic expedition af ter Sir J. M. Barrie, the playwright, gave the remaining sum desired, ac cording to announcement made here today. Harrle was a close friend of the late Captain Scott, and in this fact his friends here connect his interest in popular exploration. Mr. Barrie re gards the Shackleton expedition as a fulfillment of an ambition that Cap tain Scott gave his life for. The sum Barrie was said to have given was $50,000. The expedition will start from Bue nos Aires in October, the object being to cross the south polar continent froni the Weddell sea to the Ross sea, a distance of 1700 land miles. More than half this distance will be over an entirely new route. Financially supported better than any other pre vious polar expedition, the Shackleton party will set out equipped with an aeroplane, motor sledges, 1 '0 trained dogs and a complete supply of ail the latest scientific apparatus. 1000 POPE PLANT EMPLOYERS RETURN Steubenville, O., Feb. 9. Five hun dred of the 1,000 employes of the Pope plant of the Phillips Sheet and ; Tin Plate company returned to work : here today after a strike lasting since last July. Five hundred more will be i gin work March 'l. No question of wages was Involved, tho men striking for recognition of the Amalgamated Association of Iron, Steel and Tin : Workers. The company agreed to rec ognize a local committee but not the I union. Heard about that gun that throws a ton of steel 21 miles. COUPON Save it lor THE PANAMA CANAT fir tmm t "tw ssswessi c iY Frederic Slrttli of TW Gazeette-News, Colonel Gocthals soys: .L HOW TO GET THIS BOOK On account of the education value and patriotic appeal of this book, The Oazette-News has arranged with Mr. Haskin to dlstributs a limited edition among Its readers for the mere cost of production snd handling. It Is bound In a heavy cloth. It contains 400 pages, 100 il lustrations and diagrams, an Index, and two maps (one of them beautiful bird's-eye view of tho Canal Zone In four colors). IT IS ACTUALLY A tVOO VALUE. Cut the above coupon from six consecutive Issues of ths paper, present them with SO cents at our office, and a copy of ths book is yours. Fifteen cents extra if sent by mall. OUR GUARANTEE: This Is not a mons:maklng sohems. The Gaiette-News will not make a penny of profit from this campaign It has undertaken the distribution of this book solely because of its educational merit snd whatsver benefit there is to be derived from the good will of those who profit from our offer. The Ossette-Newa will cheerfully refund the pries if the book tu any purchases who Is not satisfied with It Present Six Coupons of Consecutive Dates IWEEX t'l NTS VXTIIA IK sK.NT HY MAIL TOLLS PROBLEM ill MATTER President From First Regard ed as Unwise Insertion of Plank Favoring Exemp tion of U. S. Vessels. WHOLE INTERNATIONAL SITUATION INVOVED Thinks Only The Elements Which United States Can Control Should Be Binding. Washington, Feb. 9 President Wilson let it be known today that from the first he regarded as an un wise policy the insertion in the demo cratic national platform of the plank favoring the exemption of American coastwise ships from payment of Pan ama canal tolls. The president feels that a platform declaration on such a subject is re lafed to circumstances that arise all over the world and that only the ele ment which the United States can con trol in the situation ought to be bind ing. He feels that a onange of cir cumstances that lias arisen in the in ternational aspect of the situation which necessarily would change the attitude of the government and the country on the subject. Mr. Wilson told callers today that the whole international situation and the viewpoint of foreign governments was to some extent involved in the settlement of the controversy. It was made clear, however, that only England had protested. The pres- l ident told callers that Great Britain I through her representations had not : apprached the American government on the question in any way since Yls i count Bryce left here a year ago. The president told callers he did not i Intend to send a message to congrers I on the subject of Panama tolls; that j he felt his attitude had been suffi iclently made clear In a recent letter to William L. Marbury of Baltimore. He expects congress to repeal the tolls provision at this session. Binns to Marry. New York, Feb. 9. J-ack Binns, a wireless operator hero of the lost, steamer Republic, is to be married In June, according to an announcement today. His fiancee Is Miss Alice A. Macniff of Flatbush. whom he met when he was wireless man aboard the Adriatic. Binns is now a ship news reporter here. a Copy oF J. Hatkin ssssHsss c w V Monday Feb. 9 Accurate and Dependable" us
The Asheville Times (Asheville, N.C.)
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Feb. 9, 1914, edition 1
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