i 1 r HE GAZETTE-NEWS HAS THE MOST EXPENSIVE ASSOCIAT ED PRESS SERVICE) IN THE :t tt CAROLINA8 II if LEATHER FORECAST. PROBABLY RAIN. LUMEXIX. NO. 216. ASHEVILLE, N. C, TUESDAY AFTERNOON, OCTOBER 20, 1914. PRICE FIVE CENTS . -v if. , 3ELGIUMS FORCES i IN THICK OF FIGHT slTo7g to be argued ?.?i? British Snuadmn In Repulsing Violent Ger ') man A ttacks Repor t iERMANS FIRMLY FIXED ABOUT LILLE Making of Ostend Not Confirmed" Important Engagements In The Various Fieids. jondon, Oct. 20. The plung German attacks on the al l line near the Belgian coast veen Nieuport and Dix ie, similar tactics by the al in France between Arras Koye where progress is ned, a continued allied as t on Lille, still held by Ger 3 and stubborn fighting in vicinity of St. . Mihiel, re for days the allies have . trying to drive the Ger i from their southernmost nent, were the acute s today in the sprawling 3 area of France and Bel- y. communications issued half of the allies last night ed Britons to visualize for rst time, hr ten 'days the ximate battle line after ag the Belgian frontier towed how the allies, dur he days of censorship, throwing their forces ard to meet the inevi German advance which ed the taking of Ostend. Center of Fighting, fighting is now center ly a few miles southwest t city, and the Belgian heretofore reported as '. repulsed the Germans bank of the river Yser, n in the thick of the eing credited with bend k the German lino as far lers, Belgium, 13 miles est of Courtrai, which 'iey are holding, accord the latest reports avail hen this dispatch was ispatch dated merely i of France" says that s have retaken Ostend, ? is not confirmed and nance w.ith the German on that they have the neighborhood of , whose inhabitants as (hose of Boulogne are e of panic. If the Bcl o holding Roulers, it credible that the Ger ve advanced bo far, as uld mean a complete back of the allied left fsts on the coast west d. - ; lege) of rnrtnysl. ct (Via The Hague, , Oct tO.) The American , JimM W. Gerard, hu i- the release and departure hmen In Germany over fty-flve, Including clergy, yslclans. They will leave i via Holland. A corres the Zeltung Ammlttsg Prtemyel learned the siege of that place. The ere fired on September wsa surrounded on the I an unbroken bombard ny deeperate sorties en 'ober I. when tl Rue white flag and demand nurrender. This waa Te rmed on pifi I.) Paris, Oct. 20. Reports from the front indicate that the allies are continuing their of fensive operations, which in the opinion of French observ ers, promise- the best results. The action of the Belgian army and of a squadron of British warships in repulsing an at tack by the enemy is a subject of particularly favorable com ment. ' The public was gratified by the announcement of the situ ation in Alsace. This was the first time in some days that the war office has indicated definitely the French positions. It is' how "seen that French troops have almost reached the outlet of the valleys leading to the plains of the river Ilta, which flows north through Al sace - and empties into the Rhine. The French now con sider that they are firmly es tablished in Alsace on terri tory doubly dear to them. Word has been received also that the Germans are hastily preparing new defensive works around Strassburg. The fighting in the vicinity of Lille has been watched with deep interest. After long continued negotiations through the Intermediary of the American legation at Berne. Switzer land, exchanges are about to be made anions' the belligerent countries of interned civilians. It ha been decided that all women and children and all male under 'seventeen years of age will be exchanged between France and Austria. So far as Is known here the ar rangements with Germany have not been completed, but It la believed that several train loads of German civil ians In France will be allowed to go to the German frontier. Certain Ger man men over seventeen! years of age and military prisoners will not be returned. French Statement. Paris, Oct. 20. The French offi cial communication given out this afternoon says that the Belgian army Is holding Us position on the river Yser. The official communication follows: "In Belgium, In spite of violent at tacks on the part of the enemy, the Belgian army haa held It position on the line of the river Yser. "There have been other actions In the region of Ypres between the al lied forces operating In this territory and the forces of the enemy. "On our left wing the Germans continue to hold strongly their ad vance positions around Lille In the di rection of Armcntlcrea, Fournea and La Baaeee. "On the Meuse the enemy has en deavored In vain to drive nack the advance posts of our troops, who have moved out along the right' bank of this stream In the peninsula of the Camp dea Romaina, "To sum up, during the dsy of October 1 we have made progress at various points on the front. "'Russia: In east Prussia and on the Vistula river there I no change In the situation. The efforta of the Austrian to croes the river 8s n have been re pulsed. The battle south of Priemysl Is continuing tinker conditions fav orable to the Russians." Jack Burllson. Jr., of Big Ivy will be lvn a hearing before Magistrate W. A. Jmes. Jr., .this afternoon. , T charges of fnlse pretense. It being, I leged that he disposed of mortage property. Final Arguments to Be Made in Government's Anti-Trust Suit Against Gigantic Combination. DISSOLUTION OF BIG . CONCERN IS ASKED Court Also Asked to Decree That Carnegie Was Party, to the Alleged Unlaw ful Combination. Philadelphia, Oct. 20. After testi mony had been taken In different sec tions of the country during the greater part of the last three years, the gov ernment's suit to dissolve the United States Steel corporation on the ground that its creation was a violation of the Sherman anti-trust law, was on the docket of the United States District court here today for final argument. The suit was filed in the United States court for the district of New Jersey on October 26, 1911, and was trans ferred to Philadelphia for argument before Judges of the third judicial court. The government asks that the cor poration be broken up into the num erous companies that had been merg ed Illegally; the government allege Into the gigantic concern. The court Is asked to divide Under wholly Inde pendent ownership the following com panies controlled by the steel corpor ation: The Carnegie Steel company of New Jersey; National Steel company, American Steel Hoop company, Amer ican Sheet and Tin Plate company, American Tin Plate company, Ameri can Steel and Wire company, National Tube company, Shelby Steel Tube company and the American Bridge company. ' The court Is also asked to make In dependent the Duluth and Iron Range Railroad company, the Duluth, Mis sabe and Northern Railroad company, the Tennessee Coal, Iron and Railroad company. Union Steel company and the Clayton Steel company, and ore and coal properties of the United States corporation other than those of the Tennessee company be divided among the Clayton, Union and new concerns to be created In proportion to their capacity for the production of steel. The court Is further asked to decree that Andrew Carnegie was a party 10 the unlawful combination of proper ties through the United States Steel corporation. Finally, the court is Asked to appoint a receiver to take over all of the properties owned or controlled by the United States Steel corporation and Its subsidiaries for the purpose of making effective the decree of the court; that the receiver recover from the syndicate subscribers and promoters and others who were parties to the alleged unlawful com binations the difference between the par value of the stock received by them and the cash value of the prop erties or the services given therefor, so that restitution, so far as possible may be made to the other stockhold ers. 1 ARMY-NAVY FOOTBALL GAME IS ABANDONED Washington, Oct. 20. Secretaries Garrison and Dan I s were formally advised today by the athletic commit tees of the West Point and Annapolis teams that the armv-navv fnnihaii game has been abandoned. At a meet ing of the committees at Annapolis late yesterday a compromise nhin. approved by the war and navy depart ments for a five year agreement for gamea to be played alternately In Philadelphia and New York with this year's game In the former citv rejected. A MOCK TRIAL FOR THE CLERK'S UNION Members of the Clerks' union of the city and friends were dollghtfully en tertained by the officers of the union with a mock trial last evenlnr at th. C. I U. hall on Blltmora avenue. The carrying out ot me trial in every re spect waa a great success and thor oughly enjoyed by all present A very Interesting feature of this trial was the prompt duclslon of the suffragette Jury, which was highly commended by the solicitor In charge. Delicious re freshments were served and a social hour enjoyed. T Ef! in Navy Occupies One of the La drone Group Which Was Sold by Spain to the Germans in 1899. GERMAN TORPEDO BOAT DESTROYED BY JAPS Boat Which Sunk Japanese Cruiser Found Agrourd Only Three of Cruiser's Crew Survive. Toklo, Oct. 20. The navy depart ment has announced the occupation, for military purposes, of strategically important islands in the Marianne (or Ladrone). Marshall, east Caroline anj west Caroline archipelagos. Jalult In the Marshall group, was occupied October 14 by a division of the Japanese fleet, Jalult, it Is ex plained, was the base of the enemy's maritime operations in the Marianne, Marshall and eastern and western Caroline archipelagoes. The Japanese found two German vessels there. One sent herself to the bottom and the other was captured with her crew. No damage was suffered by the Japanese fleet. IS WAR WILL ABSORB MONEY Carriers' Financial Ex. In- a ' sists Railroads W xave Difficulty in M'0 iting Their Sc aes. INTEREST WILL BE MUCH HIGHER ON THEM Will Be Necessary to Make Securities Issues Attract ive if Roads Are to Ob tain New Capital. Previous announcement has been made of the occupation by Japan of islands In the Marshall and Caroline groups. The occupation of an island in the Marianne or Ladrone group has not heretofore been reported. The Marianne islands lie directly east of Luzon and about 1700 miles from Manila. . They Include Guam, ac quired by -the. United; Watea in 1898,, where" a small military force Is main tained, and thero is a cable station on the line between Manila, Honolula and San Francisco on the island. The Marianne group Is about .,. 750 miles south of the Bonln islands, which be long to Japan. The total area of the Mariannes is about 420 square miles. The Islands are densely wooded and are described as very fertile. With the exception of Guam all the Islands in this group were sold by Spain to Germany in 1899. and form part of a government district of German New Guinea. It was announced from Toklo on October 6 that the Japanese squadron delegated to destroy the German fleet in the south seas had landed blue jackets on Jalult island, the seat of government in the Marshall archipel ago, which was annexed by Germany In 1R86. The Marshalls are In the south Pa cific about midway between the Phil ippines and Ma wall. Jalulet Island is in. the midst. It has been the head qunrters of a big German conuany which traded with the Marshalls and adjacent groups of Islands. According to a German news agency dispatch received In Peking October 7, Japanese forces had occupied the Is land of Yap, the most Important Is land In the Caroline group, one of the Philippines In the Pacific ocean. It was declared later In Toklo that this report was without confirmation. Yap la due east of the Island of Mindanao In the Philippines and distant about 1000 miles. It Is about 7 D 0 miles southwest of Guam. A dispatch from Washington, Oc tober 7, quoted the Japanese embassy as saying that the seizure of the Islanl of Yap was only one development In the general plan agreed upon by the British and Japanese to seize all of the German naval stations In the Pa cific. This was regarded as necessary. It was explained, to terminate the ac tivities of the German cruisers which have inflicted serious damage upon British commerce. Yap has a large military importance because it Is a re lay station of the German cable lines In the far east, one line running north to Shanghai and the other southeast to Borneo and Java. Torpedo Boat Destroyed. Toklo, Oct. 20, It was announced officially In Toklo today that the Oerman torpedo boat 8-90, which es caped from Tslng-Tau under cover of: darkness, hss been found aground ' and destroyed by the Japanese, at a; point sixty miles south of Klao Chow bay. Only Three Saved, Sabo, Japan, Oct. 2 C. -According to Information reaching here today only three of the 284 members of the crew of the Japanese cruiser Takachl ho, which waa sunk, by a mine in Klao Chow bay on the night of Octob er 17, survive the disaster. The body of Captain Ito has been recovered. ltltltelftnlHXKHK t t imrnsii srn.MAniNE svxk. t Berlin, Oct 20 It was offl. I dally stated here today that H the British submarine E-t was t sunk Sunday by German war si ships In the North sea. e it; Washington, Oct. 20. Hearings up on the request of eastern railroads for a five per cent Increase In freight rates which they claim is needed be cause of the financial depression re sulting from the European war were resumed by the interstate commerce commission today. President Willard of the Baltimore and Ohio, who as chairman of the conference of presi dents of the roads involved, made the opening statement for the carriers, was ready to take the stand in con tinuation of his cross examination. Charles A. Conant, of New York, fi nancial expert who was to follow, had prepared a statement in which he dis cussed financial conditions as affect ed by the European war, particularly concerning American railroad securi ties. He estimated the cost of the war, if it continues, approximately a year, at about J 15,000,000,000. "The de mand for capital for purely war pur poses, and for the settlements which succeed the war," said Mr. Conant, "will be so great as to absorb an amount equai to the entire savings for Investments made in all civilized countries, for a period of several years." . The effect of this, he said, will be to raise the rate of Interest on sccrul tles higher than for many years. Con tinuing, Mr. Conant said: Higher Interest. "The fact that such enormous, sums to pay the costs of the war are sought almost exclusively by means of gov ernment loans will make It Impossible to obtain capital for other purposes except at a rate of interest consider ably higher than that paid by govern ments. "The financial disturbances which will occur during the process of dis tribution of these government loans to investors, extending over several years, will Involve the sale on the American market of railway and In dustrial securities now outstanding to an amount which will In Itself absorb so much of the new capital available in the United States that It will be extremely difficult to obtain any for new enterprises. "If, therefore, American railways and industrial enterprises are to ob tain any new capital whatever, during the next few years, it will bo neces sary to make lusues of securities here attractive, not only In respect to the rate of Interest, but In respect to tho evidence that the Interest and divi dend payments are absolutely secured by adequate earnings." Avallublo Capital. Mr. Conant quoted authorities Indi cating that the world's new capital normafly available for Investment amounts to about 4,000,0u0,000 a year. He concluded that If the war's cost for one year has to be paid out of the amount of annual savings Indi cated by these figures, then every dollar of new capital for approximate ly four years will be absorbed In gov ernment loans and there will not be a penny available In any financial market for making railway or muni cipal Improvements. "Leaving aside the question of avoiding panic, the most Important question involved In the return of American securities held abroad Is the manner In which it will diminish the fund of capital which Is normally available for Investments," continued Mr. Connnt "In this direction the ef fect of the European war loans will be acutely felt In this country, even If not a dollar of American money ap pears as a bidder for the new loans." Referring to estimates by Sir George Patsh, economic adviser of the Brit ish government, that the total amount of foreign capital invested In the United States Is 16.000,000.000 and In other American countries at J10.000, 000.000, Mr. Conant said: "It Is these enormous sums In for eign holdings which represent the most serious menace to the American market and tp the possibilities of our future financial development. This money has been advanced to us from time to time over a long period, be cause there was not a sufficient fund In America to meet the requirements of our development. "It would hardly be within the I range of the capacity of the banking I system of the country to absorb the t entire amount of It, 000, 000,000. I "The amount In Such securities t which returned to the Amrrlcan mar fciket will Influence directly the amount tjof Investment capital remaining In the X i United States, available for other pur It poses. It la at this point that the 'problem comes directly home to tl (Continued on page I.) BID 1 TAX BILL House Ways and Means Com mittee to Recommend Dis agreement to All Senate Amendments. UNDERWOOD THINKS IT WILL GO TO CONFERENCE In Spite of Henry's Expressed Intention of Persisting in Efforts for Cotton Re lief Legislation. Washington, Oct. 20. The war rev enue bill was sent to conference to day by the house. Chairman Under wood reported from the ways and means committee a recommendation that the house disagree to tho senate amendments and that a conference with the senate be had to straighten out differences. Washington, Oct. 20. The war rev enue bill, with its 98 senate amend ments, was up for consideration at a meeting today of the house ways and means committee. The measure had been sent back to the committee from the house because of the Insistence of Representative Henry of Texas, for legislative aid for cotton growers. Chairman Underwood had announc ed that the committee would report the bill to the house today recom mending that It disagree to all senate amendments. Despite the expressed intention of Mr. Henry to Insist upon a quorum before final disposition of the bill in his efforts to procure cot ton relief legislation, Mr. Underwood expressed the belief that the house would send the measure to confer ence. Action of the house rules commit tee on Chairmen Henry's plan to have the committee report out en omnibus rulo for bringing up for oons'deratlon proposed relief measures, awaited an expression of vlew by Secretary Mc Adoo today regarding help for the cotton situation. The secretary had been Invited to appear. TWO SPECIAL RULES. Wasnlngton, Oct. 20. Two special rules, one to bring out the measure to license cotton warehouses which passed the senate and the other to consider the Gluss bill to Increase the amount of circulating notes based on commercial puix-r from thirty to one hundred per cent of a national bank ing aNNoclutioii's capital and surplus were brought into tlie house today by the committee on rules. - The committee added to the Glass bill an amendment proposed by Rep resentatives Pou of North Carolina and Hardwlck of Georgia, to author ize the issue of either 1240,000,000 of two per cent treasury notes, redeem able in three years, or of the same amount of Panama canal bonds, with th Interest increased to four per cent, the proceeds to be deposited in banks of the cotton states for loaning to the cotton farmers. The Glass bill as amended was proposed by Represen tative Glass of Virginia, Its original author. Secretary McAdoo who had b"n asked to appear to throw light on th. cotton currency question sent word that he was too busy with federal re serve business. Senator Simmons urged that tho cotton warehouse bi'll be passed with elimination of senate amendments which would nclude the licensing of grain, tobacco, naval stores and sal mon warehouses. The senate he be lieves, will accept the measure as or iginally framed. He also urged passage of the bank bill, which as orlglnnlly framed, would permit banks of national banking as sociations to issue circulating notes based on commercial paper up to 75 per cept of unimpaired capital and surplus. The house bill would fix the limit at 100 per cent but would elim inate an amendment which would have Included state banks with the associations. "If these bills can be passed." said Senator Simmons, "and I believe they can without trouble, they will do much to relieve the south In the em barrassing cotton situation." LI AL MEET Hundreds of Members From Every State in Union At tend Session of Bar Association. T PRESIDENT DELIVERS ADDRESS OF WELCOME Ex-President Taft Introduces Mr. Wilson, Declaring He 1 Has Popular Confidence in Great Crisis. , V LLA r.l A K E S PAN G AMONG DELEGATES San Antonio, Texas, Oct. 20. The Mexican consul here has received a report from Mexico City stating that General Francisco Villa created a panic among the delegates to the convention of military chirr In Agues Callentes today by moving an army of 11,000 men Into position where he can envelop the city and Imprison the entire conference. Villa's army Is re ported to be within an hour's march of Agues Callentes. To oppose hJm there are Csrrnnsa'a troops at Monte rey and Saltirio, but It would take from four to twelve hours to got them to Agues Callentes. Washington, Oct. 20.- President Wilson today welcomed delegates ta the annual convention of the Amerl. can Bar association. The opening ses sion was presided over by former President Taft and members of th Supreme court were in attendance aa guests of honor. In his introduction of President Wilson, Mr. Taft pledged the assocla tion's earnest co-operation and Its deepest personal confidence In the president's ability and purpose to guide the ship of state safely through the European crisis. Mr. Taft de clared the American people were back of the president in his handling ol the International situation, and that he had the confidence of the nation. President Wilson's response waa that his strength rested In the confi dence of the nennle Ho 'nlnaHoa tsi the "humanizing of the law," In this lime or international crisis, not only with respect to International law, but as to municipal law. He said the world was now "stirred to Its depths," but that the best course for a nation to pursue was the disinterested part." He added that the unsettled world condiions made a good time for free ing the law from the dry considera tion of cold precedents and injecting into it more of the viewpoint of Jus tice for the ordinary man. International Law. After thanking former Taft for his greeting, the president ueciareu mat nis only strength "lies in your confidence." "We stand now in a peculiar case," the president continued. "Our first thought, I suppose, as lawyers, is of International law. We know that we see In international law, as It were, the moral processes hv whih u, n self came into existence. I know that as lawyer I have myself at times felt that there was no real comparison between the law of a nation and the law of nations, because the latter lacked sanction that gave the former strength and vitality. And yet if you look Into the matter more closely, you will find that the two have the same foundations and that those founda tions are more evident and conspicu ous In our day than they ever have been before. The opinion of the world is the mistress of the world; and the processes of International law and the slow processes by which opinloa vurKS, us Will. "What Impresses me Is the constant thought that it s the tribunal at the bar of which we all sit. I would direct your attention incidentally to the cir cumstance that It do not observe the ordinary rules of evidence, which has sometimes suggested to me that the ordinary rules of evidence had shown some signs of growing antique. "Everything, rumor Included, la heard In this court, and the standard of Judgment is not with regard to the character of the testimony, but the character of the witness. The mo tlves are disclosed, the purposes are ..uiij.ciureu, ana tnat opinion ia final ly accepted which seems to be not 1 h twi,l 1 1 .i ,1 .1 i . ... . ,,.uru ,,, mw pernaps, out the best founded In the Integrity of character and morals. That is the pro cess which 1s slowly working Its will upon the world, and what we should be watchful of ta not so much Jealous Interests as sound principles of ac tion. "The disinterested not only the biggest course to nor.,,' J but It Is In the long run, the moel profitable course tn nnr.. it enn establish your character, you can eflianiun your credit Washington. Oct. 20. The annus meeting of the American i. tlon began here today, with hundreds of lawyers In attendance from every state In the union, end ..m. .J . ""'" ' ui annual, An address of welcome by Preslden Wilson was ta ODen th i lowed by the annual rnAAr ' .k. president of the organisation, former t-reeiaeni William II. Taft The pro gram called for the nomination am election of officers, election of hi general counrll. ani reports of the secretary,, treasurer, and executive committee. Sections on Judiciary," patent law snd education had planned meetings later In the day. Tonight Senator Root will deliver an addr as on the "Leyman'a crlilrt-mi of the Lawyer" and a reception to tn members and their gueaia will 1 given In the Pan-Amerl-aa unl. n buildlnt.