GHAEW
Latest Edition
H
Latest Edition
8- .y-s
it
VOL. 43, NO. 6856.
CHARLOTTF C, FRlbAY EVE NING, OCTOBER 1 4, 1 91 0.
w4
PRICE 5 CENTS
MEWS.
r
. . v
t Republicans
Show Their Books"
Says Gov. Aycock
ftinks Thct Holders oj Fraud
ulent Special Tax Bond are
Contributing to Cam
paign Fund oj The Republi
can Party.
lx - Governor Puis Matter
Squcrdy Up to Morehead
And Means- Open the Books
-Quotes, as Proof, Editorial
From Greensboro Neips.
Special to The News.
Laurireurs. X. C, Oct. 14. The ab
issr ;: eec':i over heard in this section
o? the country was -listened to by a
"-eat and enthusiastic crowd in this
citv this afternoon when ex-Governor
Char'.e? Aycock spoke in the interests
of the democratic party.
The sreriV-r is one of the best ora
or; the s ?.te "r.n boast of having and
-vhfr: i: ' eraMe known that he would
?: c:,v ;:-e in: mediate preparations
were :r.ade to have the greatest crowd
::i h:?'or: o-.x to hear him.
The ; aker w?.s introduced to the
waltmar vna.?f s at 2:15 and irxlmediate-
'zm tb- r:och he had prepared for
;V? "j-rticu!:'.:- occasion.
I !!:!-.
Avccck.
Oct. 14. In his speech
;y ex-Governor Charles B.
In concluding his remarks,
Teiio- ; it: sens: There is one point
iicii I nr.:?: not overlook. Some
n or twelve days ago, I made a
peeo'i in the citv of Raleigh, in
hich t'To newspaper man reported
it:: '! J a note of warning
. : ars are listening with
hi ;."v-;s of fraudulent bonds
Tf roiina who would saddle
?tr.te liability for fifty or
i-i;n. dollars of fraudulent
artered broadcast in recon-
il: and declared that
nblicans deny that they are
ny relations with them or.
ot sir.- steps" to commit the
enrrient to burdening -the
state
t-ip.f w;-o tr.e bonds, it is a fact
tKtcar.no: he denied that big contri
iTiPi.? v. ova these bondholders and
tfe stents are coming into the cam.
!& if.nd of the republican party
is the state." .
mediately after this report was
pi:"li?':ea in The Charlotte Observer,
Iredell Meares. of Wilmington,
"'fco j.s rrytnz to persuade himself
tr.a- 'e ;s seriously a candidate for
congrc-ss tn that district, wrote me
? iftrer. Q-;cing the above, but never
'stag me whether I said the things
t.rn or n: i. and then proceeds to
'a;:p me To t?.sk about the statement.
Tr ! my attention to the fact!
t..a! tr.e censrintion prevents the pay
i:er.r o- ;hr-?e bonds without first
"kt.tiing the question of their pay
ment t? th? people. He then proceeds
to a?ert that: he is the republican J
-2!S3e for congress in his district
and th-tr i;P knows that no contribu
tor c?.? ben made in his district,
ari .-at? !hat he assumes that I
lave proof of my charge or I would
Wt bare lr.nde it, and calls on me
'r the proofs.
Later. I understand that Chairman
forehead, of the republican party,
addressed me a similar letter, though
I have not received any letter from
kits, but am informed that he pub
ore in the Greensboro News.
1 w not take this paper, nor have I
al Tr. Morehead's article. Mr.
ares printed his article in the Wil
.nston Star before I had received
nis letter
Jou wii! observe that he. does not
J.k whether I did use this language
n.- H,5 evidently did not care
netner I or not His purpose
n,p provoke a controversy with
'e- "Vis ho can not do. The friends
- Iredell Meares who know him well,
Know tnat thorp OTlri of.tnllr"
even t,-,,. . .,, ,. .. N .
waen v-m agree with him", and
fertainl
. ' ' 1 ry lxj V. -V . V.. V. v. i-.. i
Kare of mind for the next fifty years
"iiu enter
nto any controversy
h him
ai'inut the matter. One may
j. i. pertecuy serious in
cnrtSvaTp:merit lhat' e knows of no
''fiction made by the bondholders
..u e republican campaign fund. He
ed vLreCfni a republican to be trust-m-m,
part- secrets, and is so much
Ion. i 10 talk that even after ne has
le"5,ren wirh Them they will doubt
thev IoP l theniselyes things which
But !fVint want generally known.
fek:n n? rermblicans are seriously
rn Pr00f that th bondholders
t0 thPirTrim,tlns- or contribute
ifWir r?Tipa:?n fund. some weighty
tht'-v-08'1 e given for Relieving
the hom true- In the flrst PJace,
fans !Ctf,v issued by the republi
Xoron r'l '.!hey were in power in
'nr.? him ,i... . . . -
nrr;,. ' i!na- As soon as the dpm
soon as the dem
it
came into full power
'cYUCUateci the hrmrlc or,
v u u o UU O U U 111 It-
10 the ncr, ' lo ine constitution
of thP ?ie' forbidding the payment
the niiVmless the People voted
th" 'h2 hnTu U 13 clear' therefore,
bo8"2V tv,party to pay these
pal(l ard i tl, e pePle order them
and ha, "Vtc -party tok in 1879
?nl' hone fv, ned ever since- The
hl6ers tr;' therefroe. the bond
reifi ,n c."re favorable action in
p,Jblkan r.,ileir bonds in the re-
!n th
Party.
s of counwi o senator Butler
tinsel for Schafer Brothers
in the collection of the bonds held
by them against the state of North
Carolina, and he engineered the
transfer of $10,000 of these bonds
to the state of South Dakota in or
der that suit might be brought in
the name of that state against North
Carolina. He succeeded in that suit.
It is but fair that I should, state that
the Schafer and South Dakota bonds
were not among the fraudulent spec
ial tax bonds, but the point is, that
Senator Butler while still holding the
senatorship for North Carolina was
employed by Schafer Bros, to over
turn a settlement and commomise
which had been offered by the state
of North Carolina and accepted by
all the other bondholders except
Schafer Bros. In his sworn testimony
in the trial of the c'ase, he declares
that he was employed by Schafer
Bros, in January, 1901. At that time
he was a senator from. North Caro
lina and was employed to overturn
the settled and long-continued rolicy
of this state, which was to carry tout
the compromise of 1879 - by which
these bonds were to be paid at the
rate of 25 cents on the dollar. As
feoon as this suit was decided in favor
of the state of South Dakota, the
holders of special tax bonds became
extremely active. They have gathered
up these bonds from the four corners
of the earth, have appointed a com
mittee and put them in charge of the
collection of the bonds, and are now
actively engaged in a propaganda for
the pa-ment of the bonds, sending
out circulars and publishing news
paper articles, urging the state to
settle these bonds. Just at the time
of their unusual activity in asserting
their right to collect these bonds,
E-enatov ButW becomes again prom
inent in North Carolina politics. He
not only becomes prominent, but is
the head of the republican party. Ac
cording to his own statement, he was
for a long time the manager of More
head's candidacy for the chairman
ship. While he was till managing
Morehead's candidacy, the Greensboro
News used this language about him:
"Who made Mr.. Butler a man ot
means? Whence comes the boodle
for the expensive campaign he has
been waging 'so assidurusiy' since
January, last? Are these irrepressible
bondholders behind him? Are they
expecting legislation favorable to
their contention in the event Mr.
Butler's -astute c:imoaiga.;e.vo.lts. in. .a.
republican; legislature?" These are
the questions of the republican organ.
They axe. rst my questions they are
not my assertions. That paper has
now the same management and the
same editorial control which it had
when the questions were, asked. You
are familiar with that form of rhet
orical question, which is the highest
form of assertion. ."Is-the .Lord's hand
waxed short?" is the most, emphatic
way of asserting that His hand is not
shortened, and while the Greensboro
News was perhaps not familiar wits
this scripture when it asked its ques
tion about Butler, its question is the
most, emphatic assertion that the
bondholders were behind Butler. If
we can not believe republicans when
they tell on one another, when can
we believe them, and if we make
assertions against their party, .based
on their testimony about one an
Continued on Page Seven.
NOTED BEJRGL
ATT E M PT ED
TO KILL SELF
By Associated Press. '
Troy, N. Y., Oct. 14. Tim Sheedy,
a notorious burglar and crook, who
spent more than half hi& life in pris
on, attempted suicide here today by
strangling himself with a shoe-string.
He was found unconscious on the floor
shortly before daybreak and was resus
icated with difficulty.. Sheedy was cap
tured here late last niguc while !n the
act of entering a milliner's residence.
He. is wanted in Hartford, , Conn.,
where he es-caped from jail a few
weeks ago with a 35-year sentence
hanging over his head. He was arrest
ed by the local police after a hard
fight and admitted his identity.
Woman Gets 'Black
Band" Letters
By Associated Press.
Madison, Ga., Oct. 14. At the meet
ine of the Georgia division of the Wo-
mens Christian Temperance Union
here yesterday a sensation was caused
by the presentation of two black
hand" letters received by , Mrs. Mary
Armour, former president of the organ
ization and prominent as a lecturer in
prohibition compaigns. The letters
warned Mrs. Armour to forthwith quit
her speaking tour in Missouri in the
interest of prohibition' or sutter dire
consequences.
No Chance for a Republic.
Rv Associated Press.
Paris, Oct. 14. The Madrid corres
pondent of the Matin sends nis pa
per an interview with Premier Canale
jas, in which the minister says there
is- no chance for a republic in Spain,
as the republicans have no great lead
ers, and their ranks are hopelessly
divided. Moreover, the radical . na
ture of program, involving a struggle
with the Vatican, , the premier says,
is disarming the republieans, as anti
clericalism is one of their strongest
principles.
CuiijT
STREWN WITH
R EG K A G E
By Associated Press-.
London, Oct. 14.-The English coast
is strewn with wreckage as a result
of the storm that has continued for
two days. The casualty list as already
reported is a long one.
This morning the bodies of five sea
men from the coasting steamer Cran
ford were picked up off Hartlepool. It
is believed the vessel. ' which carried
a crew of 20, foundered and that the
men were attempting to reach shore
in a small boat when they were lost.
Some of the wreckage coming ashore
indicates that a sailing ship met a like
fate. Life boats from many points were
out all last night and in some instanc
es effected rescues. In other cases they
were unable to reach distressed craft.
FIERCE STORM
WD KEY lWEST
By Associated Press.
Havana, Oct. 14. The full force of
the storm, the approach of which was
heralded yesterday,, struck this city at
1 o'clock this morning. The gale
brought with it a deluge of rain. Most
of the street lights were extinguished
and the city was dark during the early
hours.
At S o'clock this morning the wind
was blowing strongly from the south
east and rain fell. Up to that hour
only minor damages had been report
ed. The storm, after sweeping over the
Isle of Pines yesterday afternoon, mov
ed eastward and then shifted to the
wes-t, affecting chiefly Matanzas, Ha
vana, and Pinar del Rio provinces.
It is feared that the tobacco crop
in Pinar del Rio will be ruined by
washing out of the seed bud.
Storm at Key West.
Key West. Fla., Oct. 14. The heavy
wind and rain storm which swept this
city throughout last night continued,
this morning, the wind coming from
the southeast and accompanied by. a
falling barometer. . According to the
tveather forecaster the tropical storm
is centered-in the Yucatan channel
and is still moving in a westerly direc
tion. The steamer Miami which sailed
from Knights Key yesterday after
noon during the storm, arrived here
at 10 o'clock last night after a ter
rible trip.
Storm Warnings.
Mobile. Ala., Oct. 14. The local
weather bureau this morning received
the following storm warning:
"Advisory, 9:30 a. m. Tropical storm
centre near extreme western Cuba, of
considerable intensity, apparently
moving" northwestwardly. Will cause
dangerous gales next 24 hours along
the coast of Southern and Central
Florida, and southeast Gulf of Mexico.
Hurricane warnings are ordered from
Dunnellen to Jupiter, Fla."
The Belen observatory reported
juet before noon that the vortex of
thte storm was passing OA-er Havanna.
The Telocity of . the wind has in
creased materially during the day,
but rain fell in torrents. Traffic at
the port ceased and business through
cut thee ity wras practically suspend
ed. .
The newspaper plants were incon
venienced by the cutting off of the
electric powrer. El Mundo twas the
only morning papr appearing to
day. 1 ,
It is reported the storm devastated
the town of Casilda, on the south
coast of Santa Clara province, and
that many persons there were killed.
It is also reported that the Isle of
Pines suffered severely when the
gale doubled on its track. Intelligence
from the interior is almost wholly cut
off.
THE FOLLY OF .
PRESENT NAVY
Jl AD GRAZE
By Associated Press.
New York, Oct. 14. Prof. David
Starr Jordan, president of Leland
Stanford, Jr., University, who has
been abroad lecturing on universal
peace, is in New York on his way
homeward. ;
While abroad' he found little indi
cation of . approaching war anywhere
in Europe. -
"There is no war coming," he said,
"and the .countries building 'warships
are ruining themselves. Business is
good in many countries, : including
Germany, but , the prospects in Eu
rope are not good when viewed from
the standpoint of prosperity. It is
the peasants and not business, who
are paying, bills and they are be
ginning to grumble. That is not a
good sign. It is always that class
that bears the burden for increasing
armanent.
"As to the" prospect or war between
Germany and England, there is about
as much chance as a . conflict be
tween the United States and Mars.
"Building warships is throwing
away money. War at the presrent time
between . civilfzed nations occupied
only the minds of a . frenzied few.
The only battles between England
and Germany w7ill be on paper. In
I London a few newspapers seem to
... i. it .
have uie muuuyuiy u .
ENGLISH
SWEEPS HAVANA
1
MISS QUINN BRINGS SUIT.
Miss Esther Quinn. who is sueing Dr. Harry Thurston Peck, late Anthen
professor at Columbia University for ?50,000 for alleged breach of promise.
Miss Quinn submitted to a four-hourexamination recently at the office of
her counsel where she was grilleditnercilessly by the Professor's attorne
y's. Miss Quinn alleged .that the Pro-fessor paid court to her for three year
s and then married another. His ac-tion, it is said, was the' cause of his re
tirement fro .nithe faculty of ColumbiaUniversity. t
iNTI-SMUGGllNG
CAMPAIGN H A S
GOOD EFFECT
By Associated Prpss.
New York, Oct. 14. A table recent
ly compiled by the customs officials
here show how the anti-smuggling
crusade of the past two years' has aug
mented the nation's customs -revenue.
The number of steamship -passengers
arriving at the port of New York has
increased about twenty- per cent .'in
four years but the amount of duties
collected from them-has nearly treb
led. The figures are: V:
Year.
1907
1908
1909
1910 (est.)
No. Passengers.
253,293,
238.546
295,856
305,000
Duties.
$487,921
'. 460,900
1,041.378
1,250,000
TRAIN WRECK
By -.Associated Press.
Fort Wayne, Ind., Oct. 14. In a col
lision between a freight train - and a
work train oh the Grand Rapids &
Indiana Railroad at - Summit, a small
station about four miles, from Port
land, Ind., early today six men were
killed and a large number injured. The
victims of- the wreck were foreigners
and members of av construction gang.
The construction train was en route
to its work when it : crashed into the
freight train In the fog. The dead and
injured were taken to Portland, Indl
s For
Itself
. "I have been a continuous
subscribed to The Democrat
since 1861; a period of about 48
years, and I expect to continue
subscribing for it as long as i'
live and can get a. dollar to
pay for it. Please do not dis
continue sending it till you get
'the order from me.. . . .
Yours trulyi -J.
H. STEVEN,"
- Knbxville, Tenn.
i
SIX MENIERE
ft ILL ED IN
Speak
$ 8
. Y
By Associated Press.
,. Canton, Ohio,' Oct. 14. A northern
Ohio traction - car bound . from Akron
to' Canton, overturned at Uniontown,
15 miles north of here early today.
Herbert Miller, of Massillon, and Tra
cy Kagle, of Canton, sustained serious
injuries." Six other passengers were
cut and bruised. .
There 1 were 20 .passengers on the
car when it was derailed and toppled
over on its side. A broken axle caused
the. derailment.
DEAD BODY FOUND
By Associated Press. :
Portland, Ore., Oct. 14. A body be
lieved to be' that of Henry L. Piatt,
a lawyer of Buffalo. N. Y., was found
yesterday in a log house on the out
skirts of thee ity. There was a bullet
hole in the man's temple and a re
volver with one chamber empty was
ljing nearby. At a local hotel there
was found a letter presumed to have
been . written by the man in which
he declared there was - nothing in
the future for him. A letter asking
that word .be sent .to T. J.. Thatcher,
Forest Grove, was found in his pock
et. Verdict Against Insurance Companies.
By 'Associated Press.'
San Francisco," Oct. 14: Verdicts
awarding amounts - totalling $96,477
were rendered against two insurance
companies yesterday . in the United
States circuit courts growing out of
the refusal of payment on policies
held for property destroyed in the
earthquake and fire of .1906.
' Remember. Francisco Ferrer.
By Asosciated Press.
. Madrid, Oct. 14. Largely . attended
meetings in memory of Francisco Fer
rer, the alleged revolutionist, who was
shot by the government on October
31st, 1909, were held in this city yes
terday and addresses made by repub
lican and socialist deputies. The proceedings-
passed off quietly.
Mrs. Paishe Gets Medal.
By Associated Press. -
New York, Oct. 14. The Aeronaut
ical Society has awarded its gold avia
tion medal to Mrs. Frank Paishe, of
New York, who recently made success
ful flights for short ; distances - in an
aeroplane party of her awn invention.
She is the first woman to receive rec
ognition from the society. .
RffF
GAG N
South Protests
Against Plan For
Guaranty of Bills
RAILROADS GIVE
RFASONS FOR
R RATES
By Associated Press. " "
Washington, Oct. 14. Railroads in
eastern trunk line territory have pre
sented to the interstate commerce
commission their reasons for the pro
posed advance in freight rates and
counsel for the roads have expressed
entire willingness . to rest their case
on statements made by President
James McCrea, of the Pennsylvania;
President Daniel Williard, of the Bal
timore & Ohio, and President W. C.
Brown, of the New York Central lines,
the latter being cross-examined today.
Money vast sums of money must
be available, according to the testi
money given by presidents of gigan
tic systems, to carry their plans into
effect and they are unanimous in as
serting that the necessary funds can
be obtained, directly or indirectly,
only through a reasonable advance in
freight rates.
Directly and indirectly. only
through a reasonable advance, in
freight rates, which they say, aside
from the money thus derived, would ,
make their securities more attrac
live to investors.
At the opening of today's proceed
ings, President Brown, of the New
York Central, resumed the witness
stand for cross-examination.
President Brown was asked by Mr.
Lyon, of the commission's counsel,
whether the New York Central -followed
the principle adopted by the
Pennsylvania Railroad, of applyin
a dollar of surplus to improvements
for ever ydollar of dividends, said:
"During twenty one years,"' said
Mr. Brown, "Hie New York Central
has paid an average of 4.76 per
cent in dividends to its stockholders,
an average less than could have re
alized if they had invested their
money in first-class mortgages. Dur
ing tliat time they have taken out
cf earninge. and applied to improve
ments 1.27 per. cent, or just about 25
cents for each dollar of dividends."
Commissioner Lane asked how it
happened that in such rich territory
the New York Central had paid such
small dividends.
"Because." Mr; Brown replied, "it
has not been possible to, earn any
more."
Adverting to the proposed advances
in rates, Mr. Brown, in response to
inqiuries by Attorney Lyon, declared:
"I think it is absolutely necessary
for the railroads to earn more mon
ey to sustain their candidate, so that
they may obtain sufficient fmnis to
make necessary improvements."
"In other words," suggested At
torney Lyon, "if by its increased vol
ume o? business the earnings of the
New York Central should be enough
to pay increased wages, you would
not change your opinion about the
necessity of this increase in the
rates?"
"No sir," promptly replied Mr.
Brown. "If the New York Central
simply can earn enough to pay the
dividends and make no provisions
whatever for necessary improvements
and betterments, and for a surplus
to meet the lean years, I do not think
it is possible in such circumstances
to maintain the credit of that road
and obtain the money necessary to
make the improvements that must be
paid.
TURNED OVER
TO OFFICIALS
By Associated Pres-s.
New York, Oct. 14.- Porter Charl
ton, the confessed murderer of his
wife, Mrs. Mary Scott Castle Charl
ton, was today ordered turned over
to the federal authorities in proceed
ings which have been instituted for his
extradition to Italy. Judge Blair, of the
New Jersey supreme court, declined
to release Charlton and issued 'the
order for him to be placed in charge
of the federal officials.
Charlton was arrested on a German
liner in Hohoken, on his .arrival
from Italy last summer, shortly after
j the body of his wife had been found
j in a trunk in Lake Como, Italy. A
Hearing iu mo tasc & ucm uu.
September 21, when Judge Blair de
clined to hear testimony concerning
Charlton's sanity. His counsel also
argued that Italy, by enacting a
law .that,, no Italian citizen should
be extradited, had abrogated all ob
ligations of this country to extradite
its 1 citizens on Italy's demand.
By this decision today Judge Blair
overruled this last contention so far
as the state court had to deal with
it,, and the whole matter, it now ap
pears, will be put in the hands of the
federal authorities for decision.
- , : Gunboats at Genoa.
By Associated Press.
Genoa, Oct. 14. -The United States
gunboats Wheeling and Petrel, which
arrived at this port on October 5th,
left today for Ville Franche. ...
PORTER CHARLTON
General Opinion is That it Willi
be Some Time Bejore Anl
Agreement Can be Reached
on Matter oj Cotton Bills of
Lading. '
Proposed Plan For Guarantee
ing Bills Meets With Storm
of Protest From All Over the
South.Farmer Would Suffer.
By Associated Pross.
New York, Oct. 14. Several months)
are expected to elapse before the final)
form of bills of lading now in dis
pute between England and American!
banking interests is perfected, accord
ing to the belief . expressed today in!
high banking circles. The compro-'l
mise form, that of guarantee com-j
pany to guarantee the validity of cot-i
ten bills of ladings, suggested at a
meeting of American bankers and Sir;
Edward Holden,' representing the Brit
ish financial interests, is believed to
be the one that will eventually prove
to be mutually acceptable to both Brit
ish and American interests.
John E. Gardin, vice president of the
National City bank, said today that the
time limit set by the British bankers
committee for the acceptance of the
American cctton bills of lading with
6ut a bankers' guarantee probably will,
be extended from October 31 until De
cember 31. ' .
By that time, said Mr. Gardin, thej
crop will have been financed, andi
there will be about nine months In?
which to perfect the plan to guarantee!
the bills of an insurance company be-i
fore the next crop. j
Mr. Gardin believes the solution'
adopted by the committee at yester-
day's session to be the only feasibla '
one under th eciro.umstances.
Regarding the creation of a guaran-,
ty company to guarantee the validity ;
of cctton bills of lading, Max May, '
vice president of the Guaranty Trust
company, said today:
"The Guaranty company now under I
contemplation will probably be a larg
er scope than is generally understood. ,
That it will be undertaken at the in
itiative of English . bankers and capi-:
talists with probably a head office ia f
London and branches throughout the
United States and with a capital com- j
mensurate with the business which it
undertake, throws, a new light on the
plan. It shows that the English bank-!
ers are themselves ready to undertake f
the guaranty company to satisfy their?
own demands. j
"The company will probably be a j
large stock company of limited liabili-j
ty in which English bankers and spin- j
ners, American bankers and exporters
will be invited to participate. It might I.
result in becoming a large money-mak-'
ing corporation." ' ,
PIempris Cxcnange Acts.
Memphis. Tenn., Oct. 14. In a res-i
oluticn adopted by the Memphis cot-1
ton exchange today, the members of
thzt bsdy went on record as being
unanimously opposed to the forma
tion of a guarantee company to i guar-
antee the validity of cotton bills cf j
lading as suggested at a meeting ofj
the American bankers and Sir Ed-1
ward Holden, representing the British i
financial interests. . 7
The resolution declares that It is
the sense of the members of the 'ex
change that the compromise, as pro
posed in New York, is an insult to
the reputable cotton firms of the
South. .
South Denounces Plan. ,, ,
New Orleans, Oct. 14. Declaring
that , the organization of a concern to
guarantee cotton bills of lading was
a step toward placing a heavy burden
on the South, the cotton exchanges
at Dallas, Houston, New Orleans and
other cities joined with the Memphis
exchange this afternoon in denounc
ing the plan. ; ;
Houston Protests. '
Houston, Texas, Oct. 14. Resolutions
were adopted today by the Heuston
Cotton Exchange unanimously oppos
ing the proposed guarantee company
for the validation of bills of lading. j
The move was declared to be an
unjust tax against the industry. i
The action of the exchange was or-1
dered telegraphed to New York.
Farmer Would Lose. 4 '
Atlanta, Ga., Oct. 14. That the j
idea of extending the time on the old
forms of cotton bills of lading from
October 31 to December 31 does'not
meet with the approval of English
and continental bankers was the
statement today of A. P. Coles, cash
ier of the Central Bank and Trust
Corporation and a member of the"
committee of Southern bankers nam
ed to reach a settlement on the ques
tion of guaranteeing bills of lad
ing. .
"We have"-' been advised by cable
from London that the suggestion has
not been agreed to," said Mr. Coles.
He is of the opinion that the time
limnt will not be extended, as stated
Ir. New York dispatches.
MANY LIVES LOST.
By Associated Press.
O St. Petrsburg, Oct. hur-.
ricane swept the eastern coast
& of the Baltic sea last night, caus-
Ing many wrecks and the loss
of hundreds of lives among the
sailors.
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