Nat'l Committee Debate
No t G enerally U nderst ood
Acrimony in Dcniorrulic Organization a llaiip Over
from Allotment of Tirkols al !Vla
ction of Samuel Ainidon
of Kansas who was selected as
vice chairman.^ Mr. Ainidon has <
been oil** of the staunchest of the
McAdoo group but he was chosen
unanimously. J. Bruce Krennr
or Montana, however, who ns
vice chairman had the unpleasant
task of handling the tickets in
curred S'-veral nlld they
cuiue home to roost at the nation
al committee meeting.
The quarrel, however, was
really a tempest in a teapot aiu!
would never have develop- d n
protracted debate hut for a par
liamentary tangle which the inex
perienced new chairman. Clvm
Shaver, was unable on the one
hand to straighten out. He was.
on the other, reluctant to inject
himself In the row because of the
possible after-effects.
Mr. Shaver Is a docile mx.t of
a conciliatory disposition an.l he
ilid not feel that he should begin
his job by attempting to iron out
personal animosities. Before the
National Committee began its
trcctlng there was talk of punish
wV Mrs. Kmlly Newell Blair for
her aliened activities In behalf Of
\i>? \Hih> because as vice chairman
^h?- was nup posed to he ikuIihI.
Sh? Insists "she was. But some of
the ambitions nomen who wanted
h? r Job used it as an excuse for
an attaek. The fight did not de
velop. however, and Mrs. Blair
was unanimously re-elected vice
chairman. It was a tribute to her
Imlcfatlguable efforts In the com
mittee r.nd part of a program or
continuing in power the existing
officers because of their familiar
ity with the work of organisation.
The moment it was suggested
that the selection ef Mayor Frank
Hague of Jersey City as vice
chairman would be welcomed by
the Democrats of the East, the
McAdoo men In the committer
promptly acquiesced and helped
make his choice unanimous. Mr.
Hague was a supporter of Clover
nor A I Smith of New York. All
in all the long wrangle was not
of real consequence and Senator
Thomas Walsh of Montana who
made the fight for the retention
of Mr. K remer said afterwards
that the Incident had been given
exaggerated attention.
Mr. Kremer will occupy an Im
portant post in the campalxn and
probably will he one of the prin
cipal managers In the Western
campaign. Oeorge Brennan or II
llnoip. who was the leader of the
Smith rorces at the convention,
paid tribute to Mr. Krenier's abil
ity and said specifically that he
wanted Mr. Kremer associated
with the Western headquarters at
?Chicago.
This illustrates, however, how
rar behind the Democrats are In
the matter or organization. Their
convention was delayed and the
notification ceremonlss held up
tin, m lection of managers because
the National Committee did not
begin to function for the cam
paign with rnll authority until the
Clarksburg meeting. John W. Da
vis Is expected here this week to
help get tho national headquar
ters going. There may be old
sores which will continue to
bring out personal differences but
they do not affect in any way the
support given Mr. Davis. He has
a remarkably united organization
^104.1)1?',...
ItKI'OKT ON COTTON
CONSUMED IN JULY
? i -hlnRton. Auk. 14. ? Cot
Inn ronmiini'd during July totalled
.".18.871 balm of lint and 40,884
Hiifom. iho Ccnnu* Htireau an
nounced today.
MKEKIN9 AGAINST
SHIP COMMISSION
RalHgh. Aug. 14.? *lk o Me*k
!n?. aftor trying to lino u|i th
cl'-m'-ntR of hlii party on th? ah;p
hill left hero yeiterday for Wash
ington. He Mid hefor?? lravlr.K
i hat ho waa opponod 'o tho ship
ur people hero nt home have
realized the poHslhlliiie.s of the
movement sot on foot Ir. establish
ing a country club for IClizaheth
City. It may mean for our sec
tion all that Leonard Tufts has
meant to IMnehurst.^Iiet one such
millionaire acquire and develop
large trarts of the lands bathed
by our watercourses and the Al
bemarle will become as popular a
rinort for the Nation's pl< asur?
seekers us Is the region around
rinehurst atid Southern l'lnos to
day.
"We have a climate that Is
practically Ideal, between the ex
treme fiiWl t?f 111.. North and >!???
extreme heat of the slates to the
south of us. With this climate
and with the Coaxial Highway to
make our section accessible to
touriHts we nhall need only to be
discovered to make the Albemarle
a household word all along the
Atlantic coast."
Field
A year n go. while on hi* way to San Franeisro wliM* he dlod. President Warren O Harding turned "dirt
farmer" one day at llutchlnaon. Kas . and shucked wheat. On the r.pot where the into president handled hi*
last bundle of wheat has been erort?-d*a monument (upper), pnld for by contribution* from r.i hool children
Elizabeth Humphries flower right) then 11. recipient of a klsn from the ehicf executive during hi? \laii. un
veiled the monument. In the lower left Harding !n shown a* a 'dirt farmer" on the npot
IIOMR WRECKS
ACTIVE CHURCH
?Niagara Falls, IN. Y. Aug. 14 1
? The interior of the Firm
Ita pi 1st church here was
wrecked and windows In busl- j
n?*s5 places along Main street
for a block wero broken today
by :i liniiitj explosion -?
Tlio pastor hail been active
in . cr.isados agnlnHt pla?'?'H of
vie." in (he city and vicinity
and tlio church had bwn un
der police protection lc?r ?utr
era I weeks.
Americans Have Become
Nation Of Bond Buyers
Liberty Bimil flnmpiiiciis Duriug World War Kdin jilrd
IVnpIc to Advuiilupe* of Itond Invmlnirnls Which
\ to lh?* IiilrreMl in London (ionfrrrnrr
li> J. r.
(Co??rl?ht.
New York. Auk. 1 1 ? Hundn ?|k
of thousands of Americans have
h?fn watching the progress of the
London conference, not as a re
sult of a general or academic In
ten-st, but from the point of view
of personal investment of funds.
At present there is a tremendous
volume of money and easy credit
available. This Iihh been shown
In tlx* easing of money rates.
It has tended toward the ex
pansion of business operations
and tin- undertaking of new busi
ness and industrial ??nterprises. In
the last month &0S good sized
new enterprises were started with
a capitalization of $f>72.000,000.
Tliia was an Increase In capital
outlay of $127,000,000 as com
pared with llt*-e*rrrspffndinK pi
rlod of last year.
The easiness of the money mar
ket ban also b'-ttered the demand
for IiIkIi grade bonds and. since
America entered the war. the
f'nltcd Statoa has 'become a na
tion of bond buyers. Investors
are scanning rlosely the condi
tions which will dictate the loans
to be floated for the rehabilita
tion of Kurope If the Isondon con
ference attains Its object. Their
eyes have be??n- on both the plac
ing of their own surplus money
and on the effect which Kurop?an
loans may have in stiffening rates
on money available for business
enterprises.
The Investments of the average
American have undergone n com
plete change In the last ten to 15
years. Twenty years ago there
wer" approximately only 100
houses in this country devotnd to
inv^stm^nt banking. Most of
these bad relatively few large
customers, such as insurance com
panies. estates and banks. A part
ner or one of the largest New
York bond houses said today that
15 years ago the unit of sale of
his company was around $43,000.
In 1 f> 2 1 their unit bed declined
to $2,300. but (he total volume
of business had Increased tre
mendously.
The widespread distribution of
Liberty bond* changed the whole
ItOYI.K
By Th? Adr?nff )
trend of the bond busings. Prior
to the war. 09 per cent of the
people of thin country did not un
derstand what a bond wan but the
sale of Liberty bonds, accompan
ied by an educational campaign
made bonds popular with the
small Inventor. Ilond houses have
multiplied and intensive pales
methods bucIi a* those used In
life Insu ran co have conn* Into use.
During (he period of low Inter
eat rate* Just after th?- war. bond
houses became almost as thick an
corner groceries. There wan a
stampede to pet. Into the bond
huslnesA. This reunited in un
healthy conditions nnd unbound
sales methods. Many were In
duced to buy bonds on the theory
that the securities would be sure
?to go up In price ami that nn lm"
mod late profit could be taken. In
fact, there was an orgy of specu
lation In bonds.
That condition had to come to
an end and the reaction began In
1022 and lasted until the fall of
102.1. Weak, unsound compan
ies generally were weeded out
and with the shaking down pro
cess, Investors secured a more
thorough knowledge of bonds,
their ruffle Hnd the effect of their
flotation on the money mnrkets
of t h?- world nnd Its relation to
husini ss.
""This knowledge has been
strengthened by th^ statistical
and advisory staffs of the success
ful houses which survived. The
modern investment banker makes
a specialty of diagnosing the sit
uation of the prospective investor,
analysing bis requirements nnd
explaining the ramifications of the
financial situation.
Hence investors nnd business
men of every class arc deeply In
terested at present In the pros
pective foreign loans and Ameri
ca's participation In them, realis
ing that they havo an intimate
ben ring not only on future for
eign commerce and trade hut also
on the money alt nation which will
confront each business man when
he lays his plans for future de
velopment before his own bank
ers.
BOYS' BAND I'AKADK
ON FRIDAY MORNING
The lloys Hand parado will be
gin Friday morning at 0:30 and
will bo carried out in detail as
was planned for Weduosdny af
ternoon.
- Following Iho parado the hoys
will make a bouso to houau can
to the Hlizahetli City Boy's Hand.
Tonight at some tlino ? uobody
Mcmfi to know when ? (lie boys
will stage n band wagon concert
over the various sections of the
city.
A number of poople have re
sponded liberally lo the drive for
the success or the IJoyH Hand.
Howover, thore siiil teen to be a
few who fail to realize the bigni
ficance of a Boys Hand in Kliza
belli City.
Thane who havo 'made contri
butions will b<* listed In a subse
quent Issue of The Ailvancc.
IIOP OFF FRIDAY
IBf Ttii" Awrliltd
Iteyjavnlk, Iceland. Auk. 14. ?
Tin* American round the world
fliers will leave on their hazard
ous flight from Iceland to Green
land tomorrow.
DEFENSE QUESTIONS
Dlt. IIUGIl PATRICK
Wjr Tin Atanclalrd I'rm.l
Chicago, Aug. 14. ? Thf? de
fense consumed tho morning ses
sion of the Franks heating with
now examination of l)r, Hugh
Patrick, alienist for the prosecu
tlon. designed to show tTiat his
conclusions that Ijoopnld and l^oeb
are sane were based on Inade
quate Information and examina
tions.
Henjamln Bachrach reached Ills
objective with the question "Did
you ever In your II fo make nn ex
amination under such conditions?"
"No." replied Patrick. *
DAI.IAH HIKKMAN flAYH
UK WAHN'T KVKN TIIKBK
Dallas Freeman, proprletcr of
the Coney Island Lunch Room or.
Matthews street, today denied th.it
he was present or even In the vi
cinity of Berkley Avenue and
Wilson road. Norfolk. Wednesday
night, when, according to a new*
story in the Virginian Pilot, Dal
ian Freeinan ?nil a jfoujiK uwn.
named Da I ton. both of Elisabeth
City, were attacked by a ban'l of
ten nv-n.
The story goes on to say that
two girls who gave their names
as l/Oilise Dowdy of Nag* Head
iind lectin Dowdy of Berkley Aver
nue. wer" with Freoman and Dal
ton. The fight was broken up.
the girls taken to the Norfolk po
lice station, and Dalton and Free
man made their escape, according
lo the report.
Freeman said that he did not
know the "Dalton" who was said
lo have been with the young wo
men.
COTTON M \ UK FT
New York, An*. 14.? <5pOt cot
ton < lotted steady. Middling :{?? 40.
in advance of 45 points. Fn
lutes, closing bid. Oct. 17. ?6. Dv;,
?i.0S. Jan. N.I7, March 27.IV
27 SI. July S4.S0. <
WILLIAMS ASKS
TO CLARIFY BILL
Senaliir from I'liMiuolniik
IVIIh l^-^ixhitiirc II r
Kauli. lo Juu?-U>;l Hr
II ua i? \ i.i. On.
Italelgh. Aug. 14. ? Picturing
Kastorn North Carolina as now
hound down hy high froiglit rates
with many farmers and business
men on tho verg^ of bankruptcy
and declaring that this could ho
remedied hy establishment of noa
port facilities with tho threat to
establish ship lines If needed, Sen
ator Charhs U. Harris of llaleigh
Carolina Senate to pass the I'urt
today pleaded with the North
Commission hill without reference
to tho people.
He opened the debate on the
amendment adopted In the water
rnmmorco committer which would
delete the referendum section
from tho hill as drawn hy tin
Attorney General and Introduce:!
in th" upper house and was fol
lowed hy Senator Sams of Knr
syth County who pleaded for the
referendum and hy Senator l)e
I.ancy of Meeklenhurg who asked
direct pa Mage of the measure
without waiting for the November
election.
Raleigh. Aug. 14. ? -In order
that the leaders of the force* fav
oring the pannage of th- port com
mission hill without a referen
dum might have time to pn-parn
their arguments, tho measure yes
terday was madr? a special order
of business for this mornln* at 1 1
o'clock. As a r?mult the expected
fight on the measure did not d??
volop In the Assembly yesterday
although Senator Harris of Wake
Cotinty stirred up a brief sharp
mesaag" when he requested the
delay.
The MM wn?
with the referendum clause strick
en out in committee and shortly
after th" Senate convened trus
tor Harris asked that It be made
a special order for today.
Out anil out opponents of the
measure which provides for
$1,600,000 worth of bonds to fi
nance tho building of port termi
nals and '^tabllshlng a Stale Ship
line If neressary, sounht to have
It tak?n up Immediately.
Senator Williams of rdfttffft
tank urged that amendments at
least be considered.
"lon?'nf?i 'o limit, debase hut
that they merely wanted to know
what they would have to debate.
He said ho wan pressing only for
ptettlement of tho referendum
phraae.
Senator Harris declared that
ho wan merely asking time for
Mmself snd Senator l?e||Hniy and
Brown to prepare their argu
ments and plan their fight.
Dr H. D. Walker returned
rhuraday from Nags Head where
lit apant aararal days
NEW BUILDING
IN PROSPECT
Iw irk Slriirliirr to House
Mci'raiitilr KnlrrpriKrH Is
l.ik?l\ to (io l'|> INrxl to
Alkrama in Near In lure.
Tit* Picture l*?ty oil I ho l?a?
tiuolank to he on the ? ve 1
i?f a now era of building expan
sion in it h biiNincM district.
? WtOi nl Hit- l.ugost de
part in cnt-ato re* in- th?? Miy In iho
in ?eenpled . and with one of the
largest buildings on South Water
?t reel recently rejuvenated hy an
entirely new- front besides" vx ten
slve repairs. I hero Is every indi
cation that not much longer will
it be tlw case that new mercantile
enterprises seek to enter the city
and find themselves unable to do
so- for lack of room.
Only last week The Advunce
carried a news item lo the effect
that A L. Aydlelt on West Main
street was preparing to remodel {
his residence into a si re building
with apartments above the first:
floor.. Now? comes the hewn that
plans are l? Ing laid for the early
erection on' the .corner of Mat
thews and Mc.Monine streets, next
door lo the Alkraima, of a new
hrlck building with quarters for
Ml *1 m-.-i. inr.'i- Ml each hire. I.
W. It. l.ambert is sponsor for this
undertaking. and ho says thai all
arrangements are perfected pro
vided only that the bids for the
proposed building, to l>e opened
next Wednomlay, do not seem ex
cessive.
"I have even prospective ten
ants ready to occupy each of I he
proposed stores as soon as the
building can he completed.** Mr.
I.uuihcit told a reporter I h is vo?k.
IIKIITKOIIU PltKIMItKH
Foil TKXMS M KKT IIKIIK
Hertford, Aug. 1 4.? -Hertford's
tennis players have been on Iho
court here more than usual this
week preparatory lo the first
game wlili Elisabeth City on Fri
day afternoon.
? U i*-hol4ov Comparatively Simple hut for
Ami-rienn Attitude i?f l)i'uiaiuliu? I'uymnil in Full
Slims Advimcril Allies to l ifilil Common Foe
IIY THANK II.
(Cnpyrirht, 1 "? 2 I . by McC
Washington. Aiiisurt 1 I. - The1
'MillbH'ltJltlve NvrwusTH from I .f ii IK * riiTifj-n-iici' to fol? <
1 ii w closely up. mi th<- termination
of tin* present ami to iiiwl lti<
i'nris fBr-thr ffnnwww* of dealing
w i t ! i I lit** i*m II !?* ec le ir.lm t 1 l? no v ? ? r- t lie-b ?s s op
ens new and- interest Iiik horizons.
Assuming tlist the London
conference will dispose of the
subject of tieriiinn reparations if
Is patent that Ihe next obstacle
to readjuntiuent In the mass of
debts which are owln? between
the several European countries?
naturally the Allied debts to the
Fnil? d States will not he dlst
CURped.
Roughly speaking, Hie situa
tion with respeet io these debts
Is this: Thrre hi owing <>real
Itrllaln from her allies upwards
or $!).OOO.OOO.POO ami to Prance
more than $2,000,000,000. Ilel
glum nw.es both llrlialn. ? and
1^'iHiw, while Franco is at once
the creditor .of Ib'tglum and the
debtor of Hrilaln. Italy, loo, is
very bettvlly In the ? HriHsh debt,
as slut la in that of the Pulled
States.
In lf)23, Just before Ihe Ruhr
men nation, . it.tiiai
I'rlnte Minister of llritmn. pre
posed to the KuriiiM'iin allies that
all the nntns owing to Croat flrl
tain should be liquidated on the
basis of annual payments 1?> Bri
tain covering l ho diflferencn; be
tween wliat (Jerniany would pay
to Knr.lund on Ihe reparations ac
count and llrltain had just ohll
KhI'hI herself to pay to America
lo discharge her war-time borrow
In t;?. Assuming that Cermany
will pay around $600,000,000 an
nually, linger Ihe . Uawes plan,
the llritish share would be about
$132,000,000 and as the maxi
mum payments to America will
be about $1X4,000,000 Itritain
would thus ask about $50,000,
: 000 annually In return for can
celling obligations whieh nomin
ally amount to $0,000,000,000
and would If paid for on terms
'like tiiMiw of the American debt
bring to the lirltlsh Treasury not
1< m t ii ii ii $400,000,000 a year.
This llonar I. aw proposal was
rejected at Parh for a variety of
reasons and assertions have been
made officially in London that it
has lapsed; it la hard to believe,
Chicago Black Belt Is
Center New Crime Wave
Anil Another itriMMi for (ionrrrn in Windy City Which
Now 2(M),(MN> Negro Population 1.4 thai
llic ltlu<-k licit Won't Stay I'm
fly O. V,
(n??yi!?M. 1974,
Oileauo. Auk. I l Tin* u
Ih-U" gradually ?-x(rrti'llii through
tin* ci-ntor of Chicago in brlntt
fou nil (In* fmlrr ??f the mid-sum
mer crime wuvc that Imw p.wcpt
flu- rlly, bringing an almost un
precedented number of killing*
and major feloiilea.
lion- on of tin- largent negro
ilWrl"!:i Iri tho rounlry, already
populated by .nearly 200.000. in
lielng flooded wlili floalors mid
iimi?rploy?d. Recent outbreaks
have ra< I fieil Chief of I'ollce Mor
gan Collins to throw In additional
police reserve*. I rrenponalble col
ored elements, he aaya, an- caus
ing the great number of law abid
ing to vet the reputation of a
criminal Hhmh.
Yet Chlcagoans don't like to
, i ;.insid< r tho probUimn ? ralwod ? U*l,
thr-lr rapidly extending negro ser
tlori. They take little Iniereat In
t he killings,, the gambling. Ih"
dnprcdatlonx of the near *ou?h
idd?-. which In solidly bl;nk. Dol
they ar*> becoming seriously coli
cs rneil au ("be negrom l?ave the
old penes and trek rraduaily
south.
Already they have taken over
the one time "gold c?a*l" of the
nouth able. In KC;ilt?-rWK|?.i|?..r Syndicalw |
'' b- ?
?2 n"w,r""
IirKalii hIhiii ii| | ,
?uor. . (?f ri . J?1* to got
liniVi'nc l!"!'Z,"ZZ ,;rr,""n'
"?*>? umler ri?n?7 ,^l h'ro '?>
l2fi.onii.onu i.'i m.ln',000,,000 "n<1
Upon II,..
tl?n? have never r i, nta'
"??" to diHf'llll <| r?Hn>
l-Vnnce. f?r , .*? J'1 Hrlllnh loan.
Moo.ono live* ,',V V ll"v|nK lost
'"I- all II,,. II,.,., ?"1""1 900.000
linvlrtK mirrereil | ... .Kn">lr? and
'?"latino. h?M: , ,
?- ??tn" ?h?l
re,?,,r? i blood and
In ninnr.y of llrlialn
'Mlrltii.
""rvlVea """ <>ar
""'"Ity fr?ni ili-lii in L 10 'm
roaliiv ii P^*ce.
Pro bahly r,h'' "rltlnh
>'" lr ,|?|? ,.7 f?"erd t? ?
Him alll,? .* "' "I""' flielr W1.< ?hVl^S" 1 ",'r h"??'n
^I'^llon ", i ,wo
'?'iiiian idnri.n, ",f! ""n of
""" nf n.ll'iYr, ","1 '''due
t-hu* i,f ^ ?nd
N.u-ni/ TliTX'"'* ?n "? Con.
'??' roralh i ? ' " '''in, It will
lh" lUfHtlnn n?T,oIr0t W,th
85
^.h,^nrj? o%f:
||?, i).,?,. * "lull par
"MY,
-"Mi.
,l"'1 If lhl? Hn, , ?""y ?"(
baala ?r (|,? A ?" 71 ">?
?^1 aVr -ii d?Sv:V:
rr3r-.n
?""-|>l lr ,i,e i. ^ r*n'" cap
rar' y a Mrlf |n|i 5 ?M. i. houn<1
?l? anrely "I1 -he
Period Hnrl wIihi I- !!?n * ,on*T
P">ni-nln nf (lerm-nv
:;r"- TS&.55
ff ? Mff Oinald- -caw net the tarwi
of ( h?> Herman dr fit fixed, that In
IIh- period In which It in to run.
If ho can get the min of the an
I mini payment actually flxrd and
thus make It n cloned n?a*tlon, ho
will obvloualy do away with two
remaining ohutacU'H fo readjust
ment On th?? other hand If he
trba lo Join the two oupittiona of
d?"bta and armamrnla he may eaa~
II V conic to tfHrf hr-ratis" non# of
the Continental countries wITI
consent lo run rlaka which they
r?r.ard a* aerloita merely to get
ii'lv ? fttau^oua arrangements In
I the matter of deftta which they?4o
not re^Hrd an morally bindlna.
In I h<> hack v. round, of coura*,.
ll"a the problem of American
?l"htx The total Mint of (Jcrman
r -pHrutlona n* now lived b y tho
|>uwen plan, that la. the amount
of the annual paymerita. namely
^nno.ooo.noo, would not be auf
flefent to do much m'?r* thSn chc
jry the debt of the Allied countries
to America; In fact only FrntiM
would get more from Germany
than ahe would be called upon to
pay America. Thua. If no adjust- i
'rnenl were ultimately mada with]
\m?*r?ca, the net effect of that'!
l>awea plan aettlem^nt would M
the tu.ni