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Observer WEATHta V7AIC.1 I - I. t twpr. (- rll ( TS W.r. nilt. .-a . r4 twlnf sui r. Loal showers Wedntidsys. Taanday partly closdr. VOL C1X. NO. 134. RALEIGH, N. C, WEDNESDAY MORNING, MAY 14, 1919. . price. nvEcorrs. l .-M M M I M I i WAN -. . r', '4 . - ----- , .. CHANCELLOR CALLS THE PEACE TREATY DREADFUL AND MURDEROUS PAPER Says It Would Make An Enor mous Jail of Germany, fn Which 60 Million Would Work For Victors PLENIPOTENTIARIES AT VERSAILLES CONTINUE THEIR WORK ON ITS TERMS German Representatives Form ttlating Protests They Desire To Hake ; Other Delegates in Berlin Discussing Prospects With The Government; Ital ian "Situation" Appears Nearer Settlement; Austrian Treaty Now Re ady Develop ments in Peace Council Cir cles (By the Associated Press.) Pbilipp Seheidemana, the German Chancellor, has followed the lead taken by President Ebert. In a statement to the National Assembly in Berlin, ELheldcmann declared that the peace terma are not '.eptable to Germany This treaty," he said, "is in the view of the imperial government unaccept able. So unacceptable I am unable to believe that this earth could bear such document without a cry issuing from .millions and millions of throats in all lands, without distinction of party. Away with this murderous scheme.'' Cheering from -all factions in the chamber, excepting from the benches of the independent socialists, even from 1he press galleries greeted the chancel lor M.he characterised the treaty as 'a dreadful and , murderous' document , which wjt.ld make an enormous jail of Germany in which sixty million per vV eon would have to labor for the victor la the war. ' Tie speaker several times i charged deception on the part of Presi . dent Wilson and the abrogation of hit ' promised fourteen points for peace. ' It ia reported that Seheideniann. hat - been informed by the leaders of the two democratic parties and of the parties of the centre that theie factions will withdraw their representatives from the government if the peace treaty it i, tigned. 'At Versailles. Meantime, however, the Oeriuan plenipotentiaries at Versailles are con ' tinuing their work of assimilating the ' term of th treaty and formulating tueh protests as they desire to make while others of the delegation are in Berlin discussing the prospects with the government. Still another German note the fifth is to be delivered at the French fo eign office Wed- esdaj . Allies Let 'Eat Alont. At for the allied and associated rep resentatives they are leaving the Ger mans se'ercry alone for the present, except for dealing with their communi cations and are now engaged in set tling op the peace terms Thich are to be handed Auti-ia; endeavoring to dis entangle the snarl in the akein of dit . eord with Italy as regards Fiume and the Alriatie region and discussing the Turkish problem. Italian Sltaatloa Improve. . Optimism hat been expressed in Paris that the Italian situatioa ia noaring - settlement, the Italiant evincing a dis- position to make concessions. Premier Orlando again called Tuesday at the t residence of Colonel Bouse of the American delegation and went ever the tituation, while in the afternoon Presl 7 dent Wilson had an engagement with Thomas Nelsoa Page, the American Ambassador to Italy, with whom he doubtleaa went over the disputed ground. Atstriaa Treaty, At for the Austria a treaty it It tald to be nearly complete. While the de tails of it have not become known it is asserted that in torn respects It will follow the 6ermaa document. Thia it true especially aa regards trial by court-martial of peraont responsible , for violation of the rules of warfare during the period of hostilities although ' It it aaid no demand is to be made for ; the trial cf former .Emperor Charles by an international civil tribunal. The delimitation of the boundaries of Aut " tri will follow the lines laid down ia the treaty of London. t Hans Want To Sea Aaslriaaa. With the expected advent of the Aus- iriaa delegates at St. Germaia-Ea-Laye, 7 the Germans at Versailles are aeeking permission to be allowed to communi cate with ihem. Count Von Broekdorff- Rantzau, head of the German eoutia tent, it aaid to have carried hit request to the point oft desiring to tead a Ger man delegation to greet the Austrians , tn their arrival The answer of the lllied and associated representative! it problematical. ' AIMS Of THK GERMAN l LEAGUE OP NATIONS PLAN ! Paris. Monday, May lS.-(By The At I , k dated Press.) The German plan for ; - ' I League or Natione submitted by the i German delegation at Vertaillet and now j .....J" te bands of the peace eonference 1 vi" tonmittew the League of Nations to 1 which it was referred, contains "tixty- lit articles, together with a supplement setting forth the charter for an inter national labor league. The special aims (CanUaaef ea P;t Two.) SCHEIDEMANN TO GENERAL ASSEMBLY Chancellor. Says All The Ger man Race.s Must Stand Together PEACE TERMS MUST NOT BECOME PERMANENT CODE Duty To Keep Nation Alive, He Declares; "Bare Life Is What We Must Have For Our Land and Nation While Today Every One Feels Throttling Hand at Throat" (By The Associated PresO Berlin, Monday, May 12, I'hillipp Schcidemann, the Chancellor, in' his speech before the National Assembly here today, aaid the occasion was the turning point in the life of the German people, as the assembly was to decide the attitude toward "what our adver saries call peace conditions." "The representatives of the nation," be continued, "meet: here as the last bnnd of the faithful assemblers when the fatherland it ia the greatest danger. All have appeared except the represen tative, nf A I .aAT A.ra in vkn hard) 1.A...1 ,j.,,rii4 nf ha ricrht In lw mi. I wnii.,1 I.Pr, iii.t vnu are to be do- Drivt'd of the risht to exercise in a free ' vote the ripbt of lelf determination. : Mnat Stand Together. "And I see among you the represen tatives of all the German racet and lands, the ebosen representatives of the Rhineland, the Banre, East Prussia, West Prussia, Posen, Silesia, Danzig and Me- mel. Together with the deputies of the I unmennced regions, I see the deputiee of the menaced provinces, who, if the 1 bin . ... .....;. i. ... meet for the last time aa Germans amongst Germans.- I know I am one in heart with ju t the rrtvny anl no- tity of thia hour which should be ruled by only one idea that we belong to one another and must stand by one another and that we are one flesh and one blood and that whoever tries to sever us is driving a murderous knife into the liv ing liody of the German people. Keep Nation Alive. To keep our nation alive that and nothing else is our duty. We are pur suing no nationalistic dreams. No ques tions of prestige and no thirst for power hsve a part in our deliberations Bare life is what we must have for our land and nation while todny everyone feelt a throttling band at his throat. Let me speak without tactical eon- siderationa. The thing "which is at the ' leaving Senator Warren free to accept basis of our discussion ia thia thick vol- ( the chairmanship of the military cora lline in which 100 sentences begin 'Ger- inittee. many renounces. This dreadful and murderous Volume by which confession our own unworthiness. our consent to "' (Centlaacd en Page Three.) j Contentions Between Lawyers! rurmsn Breezy Day in Chicago Court (By The Associated J'rets.) Mount Clemens, Mich., May 13. More talesmen from which to select a jury ia the libel tuit of Henry Ford against The Chicago Daily Tribune, were summoned by Judge Tucker to night. The twelve men who occupied the the juryTW today and submitted to exhaustive interrigation as to ttaesa as jurors by counsel for both sides are till subject to challenge for eause, and also to peremptory challenge. Some of them will be dropped tomorrow, it waa predicted. Elliott G. 8teveason. of couasel for FORD'S LIBEL SUIT i DIRECT EVIDENCE AGAINSTTRIBUNE AGAINST WISEMAN i ir T I' ... !,orB'T Airred at Morgnrton a. a witness 'or the 8tate J. Murphy and Alfred Luckina for Mr.... .l c... . i...k into Ford, were in m ny clashes during the day over the line, of examination. Mr. .t. t!, -Uitan Vk' mentt ror military preparedness, which. Mr. lkln. .H. m, J. k ... . ' eould not be Irougbt in aa evidence later. "Preparedness does not figure jn this case at all," asserted Mr. Lucking. "All this evidence which the defense has gathered en the subject ia to much junk. When Mr. 8teveason askt these talesmen whether they would N pre judiced against a defendant for nrging preparedness, tie it uting a tubtle strat egy Ij get it before the Jury, or men who may be jurors. We object.'' ' Mr. Stevenson urged that the attor aeyt for the plaintiff had opened the gal for aueh quetitonlng by them selves, asking if they would call a man aa anarchist for holding views opposed to the) military system. He was allonjed to proceed by Judge Tucker. Who's Aa Anarch hat? -The talesmea were of baa mind oa the questions. They . would not, they answered, regard a man at aa anarchist because ha believed that international Coatlaaed aa Page' Twsv) ORGANIZATION OF SENATE CONFERENCE Today's Meeting of Republi can Senators Preceded By Conferences ALL BUT 3 EXPECTED .jt TO BE IN ATTENDANCE Regulars May Attempt To Post pone Meeting Issue of Oppo sition of Progressives To Penrose and Warren", Re publican Leaders Express Confidence in Result (By the Associated Press.) Washington, May 13. On the eve of the organization conference tomorrow of Republican Senators, leaders of the generally considered regular and pro gressive groups joined tonight in the prediction that the Republicans would organize the Senate when it convenes next Monday. The leaders also agreed that settlement of the controversy over the proposed electitn of Hcnators Pea rose, of Pennsylvania, and Warren, of Wyoming to chairmanship of the : Finance and Appropriations Commit- A 1 II t . A J 7f7e77, 'BTU0 "r.T.lThis picture was taken immediately after the wreck. effected next week. Many conferences were held between z members of both factions todiiy and suited in an agreement to unite in or ganizing the Semite and postpone fac tional troubles. A large attendance it tomorrow's conference is expected, only three of the 4D Republic aa Senators, Lrnroot of Wisconsin, Townscrtd' of Michigan, and Fall nf Now Mexico, be ing unable to reach Washington. 1 The initial conference tomorrow, nr-1 eording to plans, will be rloseil nlthoiigTi , subsequent conferences to discuss the progressive protest aguinst chairman-' ships for Senators Penrose and Warren HJ OPCn Senator Lodge, of Majsn.limetts, the Republican leader. id onlv routine business waa planned tomorrow. This t ill include selection of a candidate for president pro-tcm of the Senate election of the chairman, secretary and whip, authorization of a steering com mittee and a committee on committees to be appointed by the chairman and wlwtion of Senrte officers, including he secretary , ad tergeaat at arms, Setator Lodge was said to be without opposition for re-election as the con- ference euairman, and it wectedl I 8etor Ciirtit, of Kansas, ould4 he re-elected wjip, and Senator Wads worth, of New York, secretary. I Choice of president pro-tem wss j a subject of numerous conferences to day and it appeared that the office . ul1 go to one of the senators afhl-j iated with those opposing Senators Pen-; rose and Warren. Some of the leaders of the progresive group said that if the fight against Sen Ltor Penrose were carried to the Semite t'oor they believed they could muster ci.ongh votes to prevent his election and tl at, if necessary, the chairmanship of the committee would he left vacant. Several progressive senators were said1 to favor Senator Smoot of Utah, for the . appropriations committee chairmanship The progressive senators were sanI to ' frvor Senator Johnson of California for president tm tempore, hut the CaliforniaScnator was reported as un- willing to accept the office. Witnesses at Trial Identify Him As Man Who Shot Dr. Hennessee (Special to the News and Observer.) Shelby, May 13. In! less than two hours the jury in the cs A of Aaron Wiseman, charged with the urder of Dr. Hennessee, o. Burke county, was secured from the special venire of 75 mcBand the State introduced star wit- M. N. Hennessee opened for the State. He got to the body of his brother a few minutes after the shooting occurred and found ten bullet wounds in his back. Witness described tlem and tea- tiflMt that Wiwmin. the dpfpndnnt. was I VH I tl f III.. u.v ... U. 1 1 U ICIUI. 1 V I agiiBi, th, put' bovs; easr was set for BMri 011 rridT ,Bd ,h Wiscm bt that the Judge aent officer, ... . . , . I ' ight to Morgan- ton ia witness automobile. Hennessee also testitcd that before the trial of the Pitt boys he :iw Wise man in Solicitor Huffman's office and that Wikeman stated that he had come to Glev Alpine on No. 13 to see W. D. Pittt ra 1 usinese and while there got a bos of thirty -c ght cartridge that he had Pittt order for him; that on the night cf the homicide Wiseman wat wearing lhaaanue-xoai he had a at the tins he wat ia Huffmin'a office and that the coat struck him between the knees and hit feet. Positive Meatifleatlea. J. M. Ramsey, of Statesvilkj, testified that he waa aa the traia going to Ashe will and at th traia stopped he, wat attracted by two shots outside. Ranuey shaded his eyes and looked tnrouh the window' and saw a maa firing rapidly with two pistols, one blue and oa nickel-plated, and ia the direction of the coach, but apparently ander it, and (CMtlnned m Psgs Eleven.) Hundred and fifty ton locomotive boiler EXPLODED Lying diagonally across the hurled a distance of more than a except under the bottom, appearing to have been lifted bodily Three Men Are Big MalletVEngine Explodes At Method ADVISE AGAIN FEEDING RUSSIANS M6m0r3nQUm TO rC3C6 UOUllCII By Officials of North Rus sian Government WOULD ONLY PROLONG BOLSHEVIK DOMINION feeding of Famishing Popula . .. tion Is If o Solution of Ins sian Trouble, But Extermi nation or Defeat of Bolshev ism Is The One Thing Needed (By The Paris, May Associated Pres.) I.i. (French Wireless Service. l The feeding of the Russian ' population is no solution of the Rus sian question, it is declared in a mem orandum sent to the pence eonference i by Prinre Lvoff, Sergius Sazonoff and President Tschaikowsky of the North Russian government, concerning the proposal to feed Soviet Russia through j neutral countries on condition that the Bolsheviki cease hostilities. The memo randum sa.vs: "The allies wish to assist'the Hunsinn people and to reduce the starvation brought by the Bolsheviki regime. This : ran not fail to awake deep feeling of ' gratitude. It is not merely a deed of ! humanity but also a manifestation of ' the solidarity of peoples. "Nevertheless, the signers of this ! declaration consider that the realization 1 of this generous thought will have a ' contrary result unless efficient mcas urea are taken to prevent the Bolstie viki authorities from interfering with the revictualing of Russia. To bring failure to thia deed of humanity would he of use only to the protectors of the Bolsheviki regime and would help to 'prolong their domination. "The task which the Russian nation al movement must fulfill is to liber- I ' f rom tD y0 ' those who have reduced her to her present state of impotence and to the necessity of relying upon foreign countries for ber rood. The feeding of the famished pop nlatioa ia no solution of the Russian question. Consequently the struggle to liberate amiss from her oppressors and to give Russia a government of her own choosing cannot be stopped for any rea son whatever. The signers of this dee laration wiah to state that Russia will pay for the food provided for her but a... k.h. k.. k n:... :n . HIPIfC lil.l 1 II U II IV. Will I Tl tlW I II give the Bolsheviki usurpers the right to dispose of Russia a patrimony. BOLSHEVIKI REFUSE NA.N8E.VS ASSISTANCE (By The Associated Press.) Paris, May 13. A wireless message re reived-here addressed to Dr. Fridtjof Hansen, head of the commission to feed Russia from M. Tchitiherin. Bolshevik Foregin Minister, and relayed by the foreign oft(ce at Berlin, announces that the Bolsheviki refute to reuse hostilities as a condition of the provisioning of missis ny neutrals. Tchitcherin says he received Dr. Nan sen's communication dated April 17 on May 4. He thanks Nansen for hia in terest in th eonditioua in Russia but declares that a continuation of hostili ties is necessary for political reasons and that it wop Id be poor policy to atop them. The Soviet government, he adds. is willing to support a movement to feed Russia so long, as it .has no political character, "but Will not beduped. He thea goes on to denounce' Admiral Kolchak and General Denikine, and 'con elude by declaring that it will be im possible to give up fighting aa enemies are attacking oa alrndea, , . NEAR METHOD ON main line of the Seaboard, the hundred feet by the force of Killed When Work of Construction of Big Arena; Both Principals Going To Toledo Toledo, Ohio, May 13. Work on the arena where the Willard-Dempsey fight will be held here July 4 probably will be started thit week, Tel Rickard, pro moter of the fight, announced today. Th contract may be awarded tomorrow to a Toledo company. J. U McLoughlia of San Francisco, architect for Rickard, said today that the arena here will be just four timet as large at the one built by him at Reno for the Jeffries-Johnson cham pionship fight. The seats in the arena will have a maximum height of 34 feet, while the arena itself wif be an eight sided affair, six hundred feet from the ring which will he the regulation cham pionship size ,of 24 feet square. Rickard has announced that onlv 1.50 ringside seats will be reserved for news, paper men. He requested that news papers wishing working space for their sport writers make formal application by mail for seats. The advance sale of seats, which will range in price from till to ck, will lie open on or about Mny 24, Rickard stnt ed todav. Jack Dempsey, challenger for the neavvweignt title, and Ins manager, lack Kearns, are expected to arrive here tomorrow or Thursday. Heveral tentative sites have been selected foi training camps for both Dcmnsev and Willurd. Willard is expected to arrive by 20 ER Conditions and Incidents at the Hopping Off Site In Newfoundland (By The Associated Press.) Trepussey, N. F May 13.- While Commander John H. Towers, in com mand of the United Htutes Navy's trnns- Atlantic flight, declined to state whether the big seaplanes would hop off to morrow on the leg of their voyage to the Axorea, reports today from the guard ships stretched along the ocean course indicated that favorable weather conditions would prevail. flight officers have warned newspaper correspondents here that when the de cision to start is reached the machines may get under way with little notice, but it was learned thut one Indication of an impending start would be the mooring of the M.'-l to the stern of the tupply ship Prairie and the NC-3 to that of the mine-layer Aroostook in order that steam from the vesVels may he run through the oil supply tanks of the planra to heat their lubricants. It was found on the trip here from Rockawny neach, ,v v., that the oil used is in rlined to congeal and if the motors were started when the oA was cold, the bear ings would burn out. It will be Unknown here until the planet start where they actually will take the air. If the water is rough in the outer hay they will take off in the harbor as the wave outside might stave In their hulls. A fairly stiff wind it needed, hqjrcver, to lift the heavily laden craft. The planet 'will carry regulation ships' logs and the flight is expected to contribute important data to aero nautics, as conditions, encountered oa the various "legs" of the voyage will be entered- at regular, intervals. " The guardshipt ' flotilla commander h re hat received orders from Wtsh- ARRANGEMENTS FOR BOILER IS HURLED THE BOXING MATCH SEAPLANES READY FOR GOOD VEATH (Contiaasd aa Pag Elevea) , SEABOARD ROAD it in big boiler rested after being the explosion. It did not burst from its moorings on the trucks. Seaboard's 1 50 FEET BY FORCE Bodies of Dead Men, Engineer, Fireman and Brakeman Badly Broken Up NOISE OF EXPLOSION IS HEARD IN RALEIGH No Opinion Is Tet Ventured By Officials As To Cause of Ca tastrophe ; Many Sugges tions Are Made, But Engine Itself Is Now Complete Wreck Three men the ehgiiti'er, fireman and brukcuinn on Seaboard Air Line engine 511 were killed instantly yea- terday afternoon when the, boiler of the big locomotive, of the Mullet type, ex ploded just beyond Method, three miles west of Rnleigh. The bodies of the trainmen were broken into pieces, that of the fireman scalded to a white heat, nnd the force of the tombiistion tore the boiler from the truck and hurled it on hundred feet from where the ex plosion occurred. The dead are: Engineer Wiley Benton of Monroe. Brakeman C. D. Bale of Lemon Springs. Fireman Ed. Davis, colored, of Wil mington. The train, carrying 72 froi((lit cars. as in eharce of cnJu' ,u; J- w- I" nf Raleigh, who with the flagman, J. F Howard, was unhurt. Ttiev left Ral eigh at l:4n, bound for Iluiiilct, a,nd had just passed the station at Methoil.wlien the boiler burst, hurling the dead trainmen distances of 50 and " vardf into fields alongside the road bed. Clothing nnd parts of flesh from Vthe Areman end brakeman caught in tele graph wires and stuck, the bulk of the bodies falling on the wet ground. Noise Heard at Cary. The noise of the explosion wat heard in Raleigh nnd at Cary and by 2:13 the highway running through-Method was lined with automobiles that bore the morbidly curious to the scene of the explosion. Early, however, after the wreck the bodies were taken in charge by an undertaker and brought to Ral eigh. The 70 loaded freight cars were moved back into the yards and by 9 ocloc last night a wrecking train had ni.v.. T-.iummn oc curred, so that traffic was kept up on the northbound line without intermis sion. The immense boiler, weighing more than l.Kl tons, was hiirh'd with th rapidity of a cannon ball for a distance of nearly 50 yards straight ahead, fall- intA,l'"'tJ0Tr?f '"'J' ,he ".! " r" "en, naseiiuii. diagona ly across one of the main """ " Planning m- Minu.iiwn mo intra nun iiio lug irn'ier practically intact. Caase M tWeVmlhes": , The big engine was of the twin type. having two nets of four'drivlng wheels ei Rht on each side, making 18 in all The reck, one of the most unusual known wrec In lnj.nl vail.n.l rim m. m. -1lt I ... ....... .... ...... ui. ... n u l.Hiai.KUID . i i , . . . . . in uin i Deyona scattering ror O" to a hundred yards around quantities of hrqken parts,- no damage whatever was done to the railroad track except where the boiler landed. . Woat caused the explosion may never he known, as those in charge of th engine were blown Into eternity without a moment's warning, and Seaboard offi cials last night would not venture an opinion. It was suggested ihat Insuffi cient water in the boiler might have been the cause. The railroad moloeh wat running on simple gear on aa up grade, which would take several times nor water than ordinarily, it waa Hated, tad then too, tha water might Catlaa4 oa Pag TwoJ PLAN AND PURPOSES OFJHE COTTON POOL Details of Organization of Cot- ion Export Financing " -Corporation TO BE SUBMITTED TO . COTTON CONFERENCE Adoption of The Plan Without Material -Modifications Ex pected; Details As Made Known in New Orleans Yes terday at The Conference of Cotton Interests eaai (By The Associated Pre New Orleana, May 13. Sub-commit tees, here in advance of th convention tomorrow of representative from tea cotton growing: States, today developed. plans for the organization of a hundred million dollar cotton exporting corpo ration and th permanent organization of cotton growers, dealera and bank ers in the cotton growing State. The plan will be submitted at th general eonference which open tomor row with Governor Pleasant of Louisi ana aa chairman. Governor Pleaaaat stated tonight he exepeted th Inane corporation plana would be placed be fore the conference Thursday when Governor W. P. O. Harding of th Fed eral reserve board will be present That there will be some opposition to th finance corporation plan was mad evi dent by the filing late today of a mi nority report. General sentiment, low ever, according to leading advocate ofJLhe pIan' ,ronl7 favored it. , The proposed plaa of orgaaixatiea for the American Cotton Export Financ ing Corporation, a pool of cotton pro ducers and dealers, for tmnrt r.. as made known here today at'ae5nfer ence of cotton interest, provides for a corporation capitalised at 1100,000,800 ta he paid largely in Liberty Bond. The corporation would be empowered to accept a wide variety of foreign se curities, and to market them in thia country or to issue bond. it. ... H also could acquire control of foreign' cotton manufacturing plants. Leu, Money t. Warehan. Receipts. The organixation plan also provide that the corporation might lend money to dealers or ahionern -.a. Zt warehouse receipt, in eaae when cot. on it being aatembled for export. Thus It would finance th entire export trans- ftftion The draft of th proposed power for th corporation will be submitted later thit week ta the entire conference at wttoa Interests representatives, and adoption, of th plan without material ' modification, is expetced. The author. i,piUI tock' although fixed at lOOjJOOJW in the teatativ draft, may be reduced. The eorporation would U authorised to begin business when th amount of capital stork subscribed reaches 20.000,000, wilo M tfnt d m, amTpayments might be made eithei n cash, Liberty Bond, or notes, oi Treasury certificates of indebtedness. R. this means approximately lO.OOO.OOO worth of government securities would l the basis for financial operation, at the start. Additional Powers of CorporatUn. In addition to finding a market abroad for cotton and cotton products, and making the necessary contract, the corporation would be empowered to deal in notes, drafts, checks, bills of ex change, accounts, tranafert or other vi denros of indebtedness. It could tak ! banks, syndicates, or other private bust! ' ""'. and make loan to those for. "v.m.n in loreicn nriin..l. - , , ' u I CI. K etgn interests on the security of their v...ICniHi. ny mis mean th corpor ation would virtually it (0ttoa to foreign purchasers on eredit, raising money in this country on security of the foreign bonds to finance th opera tions. Another power proposed-for th or porstion is to permit it to tak atoek la foreign commercial or industrial otter prises connected with the purchase r manufacture of eottoa. Thi might hv olve the acceptance of mortgage en foreign plants and thut give th Ameri can CMpejatuve, Corporation a haad ia the management of foreign affair. Another power would be "to aeqalr the good will, business, rights, property and obligation of any individual part nership or corporation carrying oa a business similar or cognate to th. ness which Jhis corporation ia authorised I to conduct and to pay therefor "i. Iporat.on. Thia would pave the w the corporation to absorb other cotton exporting organisations, nnd ia under stood to constitute one of the principal subjects of disagreement among the or ganizers. Cotton dealers would act through the might. .f 'hoy chose, ship gdinbroad , .! m export ilea inn. h- in me r own name and receive loirs J from the corporation on the security ti ra.nmt g uocumenta. The .limitof U ior incsr .tana and the interest rot it uot stecified in the proposed organiu-ti-m iTraft, but it ia sssumed that th loans m.ght be made for as long ts five vrara. Ormini.jkr. .r i. ' a'ive Or) oration also, propose that it j might borrow within one year af'er i" ' oeciareu, from the govern ment's war finance corporation, which IS a Uthnri7f.l within f ..... t. flve-v.-ar loans to exporters o bankj which have finanred export transac tions. Application of Aatl-Traet Law. Authority also would be 'given the corporation by ita organisers to actjin any part of the United Htntes; or in n7 foreign country, both oa its owa 30(unt and aa agent, trustee, broker or consignee ia Healing in cotton, eot toa yarns, eottoa goods, seed nnd ail,' or other vegetable Oils, providing th articles are meant, solely for export fade. The orgaaiaatioa would be bar red by tslMrast law from operating in domestic trade within th laitei 8tate. v"
The News & Observer (Raleigh, N.C.)
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May 14, 1919, edition 1
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