davidaulloa/AmericanStories huggingface dataset:
The San Francisco call., 1913-07-18
STANISLAUS TO HAVE
COMMISSION ON ROADS
Supervisors VIII Appoint Body Re-
quested by tho County Board
of Trade
Especial Dispatch to The Cam

MODESTO. July 17.-The Stanislaus
county board of trade has recommended
that the county supervisors appoint a.
road commission to draw up a compre-
hensive plan for a good roads system
In this county. together with an esti-
mate of cost.
This is prepare tory to the calling of
road bond election. the estima ted
amount of the bond issue being
$250o,000.
The supervisors have agreed to ap-
point the commission at their meeting
next week.
The San Francisco call., 1913-07-18
REACTION CUTS
STOCK FIGURES
Important Securities Show
Small Losses at Close
of Day
California Petroleum Among
Those Which Sell Down
Sharply

NEW YORK July 17.-The net result
Of today's trading in stocks. so far as
changes in the level of prices were
concerned was small. It was appar rent
from the outset that the market would
not hold to the pace set yesterday.
when quotations rose sharply in all
quarters. First figures were lower. A
recovery was soon effected, but the later
movement was irregular and the close
found many of the important stocks
showing small losses
Stocks were well taken at conces-
sions. but there was a falling OF in
the demand, and buyers were unwilling
tn follow the market upward. Fluctua-
tions apparently bore little relation to
developments OF the day. which had but
a slight bearing on stock market values
Unexpected complications in the nego-
tiations between eastern railroads and
their employees may have exercised some
sentimental influence. More important
was the reaction in London and the de-
cline in American stocks there. This
was followed by London selling here.
principally of Canadian Pacific. Steel
and Union Pacific. Berlin sold Cana
dian Pacific here direct
The, petroleum shares were excep-
tionally weak. California Petroleum
sold down five points to 23%. and the
preferred dropped six points TO 81
Mexican Petroleum at 81 " showed a
loss Of AZ. One explanation given of
the weakness of these shares was that
the closing out of loans by local bank
had necessitated selling of petroleum
stocks which had been put up as coll
lateral.
With the approach Of the crop NOV
ing season with its heavy demand for
1t was pointed out, banks will
be compelled to draw tighter lines in
regard to extending credit on stock eX-
change collateral.
Bonds were steady. Total sales, par
value S1337O00
United States bonds were unchanged
call.
The San Francisco call., 1913-07-18
CONTINENTAL
Nav YORK Money .yerLat

NEW YORK July 17.-Money on call easy at
pa to 21a per cent; last loan. 2A per cent
closing bid, 2K per cent; offered at 21s per
cent. Time loans strong; sixty days, TO j
per cent; ninety days. 3 to 5L per cent: six
months. per cent Close: Prime mercantile
paper. per cent.
Sterling exchange easy with actual business in
bankers bills at s4.s31o for sixty day bills and
at 81 $3.50 for demand.
Commercial bills. $4.s3
Bar silver. 5S5sc.
Mexican dollars 47c.
Government and railroad bonds steady
The San Francisco call., 1913-07-18
SUMMARY OF
THE MARKETS

New York stecks generally steady
On the day.
Mexican situation weakens Pefro-
1eum issues.
Boston copper shares lapse INTO
duliness again.
Speculative cotton market some
what easier.
Local bond business shows de-
cfded Improvement.
Several local stocks scored good
advances.
TOnOpah mining shares easier In
qufeter market.
Wheat prices show hardly any
change in Chicago.
Another general decline occurs
In wheat locally.
Spot barley nominal. with the
market practically bare.
December barley heavily sold In
the local pit.
Onion market experiences n mild
BOOM
Fruit and green produce moving
of well.
Strictly fresh ranch eggs scarce
and higher.
Small advance occurs In the but
ter market.
Liberal arrivals weaken the pOul-
try market.
The San Francisco call., 1913-07-18
BANK EXCHANGE FOR JUNE

Total bank exchanges in the United
States during June. which include re-
turns from 128 leading centers, amount
to s13.635.719,2S3, gain of 0.4 per cent
over the same month last year. Con-
sidering the slowing down in many
important lines, Dun's Review regards
this as quite a satisfactory exhibit and
suggests that the disturbance to gen.
eral business has not been as exten-
sive as 1t appeared to be.
The San Francisco call., 1913-07-18
Building Contracts

Joseph Ansstasi with Frank Bonaccorso-A1l
work except window shades. mantels and gas
fixtures for three story and basement frame
building fflats), in line of Union street,
81 of Kearny. o5 by ST:6: 5000.
Cement. brick carpenter MILL stair plaster
plumbing. etc, for a two story frame build
ing ffIatsl, in line Clement street 80 w of
Twentieth avenue. w by s 100; 1880.
Henry A. Jacobs with Peterson James COM
pany. Leaf & Kaiser and ]. w Cobby-To erect
two story frame building (flats) on w line
of Scott street. 92SH S Sacramento street
30 by " 1925: ss,251
G. p Sportorno with F. f. Kara-Piumbing
for two story frame residence on NV line of
Noreiga and Great Highway 1928,
n 100 by 30, W 95:2h by 5O:0a4; s637.
The San Francisco call., 1913-07-18
COTTON FUTURES
New york CofYee Market

NEW YORK, July 17.-Higher European cables
and reports of more active and frmer cost
and freight situation seemed to account for an
advance in the local coffee market today. The
opening steady. with prices Is to IS points
months sold about 90 to 81 points net higher
during the early afternoon on European buying
covering of shorts and local bull support. Slight
reactions followed under realizing, but the close
was steady and from % to 81 points net higher.
Spot coffee-Steady; Rios IS, 93sc: Santos Is.
1112c; mild coffee, quiet; Cordova, nominal a
The San Francisco call., 1913-07-18
Boston Stocks

From +. + Hutton & Co.'s private wire)
BOSTON, July 1.-THE market opened with
steady tone, but with lessened activity. in
sympathy with New York. Some issues sold on
fracuonaily. Offerings, however. were well
taken on the recessions. At midday the market
was quiet at bottom prices Lake was the weak
est. being of point on small offerings. Alaska
sold or Il on fair offerings. Butte and Superior
sold of on odd lot transactions. The re
mainder OF the market held we'll. The afternoon
trading continued quiet, with few price changes
The San Francisco call., 1913-07-18
Condition Of Treasurv

WASHINGTON, July 1.-THE condition Of tn,
United States treasury at the beginning Of
business today was:
Net balance in general fund. $126 100 7S1.
Total receipts yesterday s.. 525. $50
Total payments yesterday. $3, ,052, ,G61.
eoainst aescit ., sio 4ee s5x ias
elusive of Panama canal and public debt trans
actions.
The San Francisco call., 1913-07-18
1NrREAsE IN BOND 1NauIRrEs

bonds this week than we had for the
last two mouths preceding this week"
said a member Of \. W. Halsey g. Co
yesterday. These inquiries have
largely come from sources that were
not calculated to show interest in Sc
curities of this kind and indicate con-
siderable new business in the future.
1t proves that the people who have
been boarding money have awakened
TO the bargain counter prices prevail
ing. for securities and are beginnin &
to take advantage Of them"
The San Francisco call., 1913-07-18
CJenrings I'm Nortbvestern CITE.

SEATTLE July 17.-Clearings, 50, ,3s7, ,5o4; bal
ances, $193, $40.
TACOMA. July 17.-Clearlngs $685. ,3o1; bal
ances S13,T44
SPOKANE. July 17.-Clearings. se71 ,o51; bal
anees Sl23. .951
PORTLAND. July 17-cIearings, 81. .oss, $40;
balances, S23S. ia
The San Francisco call., 1913-07-18
PORTLAND r., L. & p. EARNINGS

For May, 1913, gross earnings of the
Portland Railway Light and Power
company increased but $6039, or LIS
per cent while net earnings decreased
$1,z36 Owing to larger interest
charges. the surplus for the month was
$117,96 q decrease Of s12546, or 9.6
Per cent For the IL months ended May
81, 1913, gross increased s250.993, or
SO per cent, while net increased $751;
44s, or At per cent. Interest charges
were $210,539, or Is per cent larger
than in the preceding year, so the sur
plus for the II months was s1.571,S79,
a decrease of s5s,096, or 3.6 per cent,
from 1912. The surplus was equivalent
TO So per cent on the $4,000, 900 capital
stock, on which dividends of IL per
cent quarterly are being paid.
The San Francisco call., 1913-07-18
LOCAL RANK cIEsRINGs

Local bank clearings yesterday, as
reported by the San Francisco Clearing
House association were 6,S10.37-
Clearings for the week ended yesterday
were s53,71S,969.53, as compared with
S55,151.584.90 for the corresponding
week last year.
The San Francisco call., 1913-07-18
PHu4DELPHIs. July f7-rn.

PHILADELPHIt. July 1.-THE su-
perntendent of the United States mint
here and officials of the railroads and
express companies today denied any
knowledge of the reported disappear
ance OF $4,000 in gold, which was said
to have been shipped from a Buffalo
bank to the mint.
The San Francisco call., 1913-07-18
Oil Stocks
SAN FRANCISCO STOCK ExcHaNG
Los Angeles Oil Stocks
Los Angeles Produce Market

t''pctIdI IIIspdIcH 10 The Call1
Los ANGELES. July 11.-Eggs went up an
other cent today: receipts. Ssf cases: local
aancn, eanoled Slc, case count, Csc; northern
BusIer.Firm and higher; receipts. 26.695
pouuus. rrlces to the trade Sc above quota
Cheese-Receipts, 314 pounds: northern fresh
loIe; eastern singles, ise; do twins, lie; do
cheddars, 1I12 AIS
Potatoes Oregon Burbanks s1.o5 ctl: new
yellow sweets. 6ls@7c lb; Salinas. siM1.19 ctI:
new new potatoes, a59G0c per box, receipts, SO
The San Francisco call., 1913-07-18
| New York Mining Stocks
New York Curb Stocks

ff'rom f.. F. Hutton & Co.'S private wlre.)
NEW YORK. July 17.-Today's curb market
was irregular. United Cigar Stores, after open
ing of point from last nights closing, re
gained the loss small volume of business.
The Tonopahs were weak. North Star and
Merger being the leaders. There were special
The San Francisco call., 1913-07-18
EPENDENTS
TOP STANDARD OIL
Deal With General Petro-
leuln Will Give 10000
Barrels Daily Output
All the Smaller Companies
Now in the Producers
Agency

Negotiat tions now pending between
the General Petroleum company and
the Independent oil Producers agency
for the marketing of the fuel oil and
residuum of the General Petroleum re-
fnerv will make the Independent Pro-
ducers the largest distributors OF oil
lin California. with a daily output Of
approximately 10000 barrels. This
will easily exceed the Standard Oil
company of California, whose daily
capacity is 81 900 barrels.
Three years ago all the independent
agreement to deliver all their oil for
sale to the Independent agency for
term of 10 years. The Independent
agency deducts half a cent per barrel
and divides the purchase price pro
rata among the contributing produc-
ers.
Subsequently the Independent agency
entered into an arrangement with the
Union Oil company and the latter con-
required TO build a pipe line from the
Midway field TO Port Hartford, running
through all the valley fields. After
deducting pipe line charges the Union
Oil company charges the Independent
agency 10 per cent commission and
guarantees accounts for marketing the
oil for the agency. AS a member all
the Union fuel oil belongs to the
agency.
In the arrangement with the General
Petroleum company. the latter will de-
liver its oil to the agency through
their own pipe line. The price now
paid by the Independent Producers
agency is 81 Y cents per barrel in the
field.
The San Francisco call., 1913-07-18
II. FLETsHHAcKER Returning

yesterday that Herbert Fleishhacker,
president of the Anglo and London
Paris National bank and a director in
Is other California corporations, who
has been in Europe for several months,
had arrived back in New York. He
expects to reach San Francisco not
later than Tuesday
The San Francisco call., 1913-07-18
UTAH POWER & LIGHTS EARNINGS

The Utah Power and Light company
and its operating subsidiaries report
earnings for June, 1913. and the II
months ended June so. 1913 as follows:
1913 1912 Changes
June gross. $4,000 s115S S5T Inc. S27 PIP
Net after taxes. 1922 56 412 Inc. SO $40
12 months gross .1.54S.212 1,41S,22 Inc. 64 ,eS9
Net after taxes. ST5,091 4.124 Inc. 60 967
Earnings Of all operating companies,
now operated or controlled. are shown
for the comparative periods, ire
specttve Of the dates of their acquisi-
lion.
The San Francisco call., 1913-07-18
RANGE OF STOCK PRICES

In every year there is wide varia-
tion in the high and low prices of
stocks and a compilation covering this
range for the years 1911, 1912 and 1913
10 July l in railway, industrial and
public utility stocks is of interest The
compilation is made from the average
prices OF % standard railway stocks.
The San Francisco call., 1913-07-18
CALIFORNIA PETROLEUM BREAKS

Accounting for the break In Califor-
MIA Petroleum of 80 points on the
common and points on the preferred
on the New York Stock exchange yes
terday. the E. F. Hutton & Co. news
service saws:
THE break in securities of the Cali
due to the fact that there has been
some disappointment in the result of
the company's drilling operations. The
company is now drilling about Il new
wells, and unexpected developments
viii necessitate large expenditures.
with resultant reduction of earnings.
One Of the California Petroleum COM
pany'S operating men now estimates
that this years net earnings before
depreciation will be approximately
s2,16O.000. In the last annual report
President DohenY estimated that the
net before depreciation for 1913 would
total 50. 900 The decline in Mex
icaB Petroleum is probably sympa-
thetic
The San Francisco call., 1913-07-18

NEW YORK. July 1T.-Coppcr-Firm stand
ard, spot aud July 14Gfs.50c: August and Sep,
tember, 1412la a 14.50c eIectrolvtic Il 12I
4.3'c: lake. 14.37dl4. soc: casting IL s7ssf4r
Iin-Easy. spot. 30 7o13e s5c: july 80. soiS "a
e3 t'c: August aud September, 80. .5o6i3a 75c
515m5 ). 30c qu''s -
Antimony Nominal. Cookson's, s.55as.65c.
Iron Barely steady. unchanged
london closed as follows:
Gopper-Dull. Spot. f63 5s futures fs3 ss I'd
Iin.DulL Spot. f1sl los; futures. 1882 os
Lesd-fa0
lron-Cleveland warrants, 54s io,sd.
The San Francisco call., 1913-07-18
UNLISTED SECURITIES
SALES JULY II. 1913

ern Ry Wesern Pacific
Gas
Pacific Ry IS
following
The San Francisco call., 1913-07-18
Morning Session
BONDS

Miscellaneous Bid. Ask
Alameda Artes " IS. sc
Associated Oil Co SIS. 81
Bay Counties Pow 5s. 100iz -
Cal Cent Gas e. El 5s.
Cal FL Gen IS. ser A. S.
Cal G&El m & ct5s. 9a1a 1901!
Do unifying 5s.... 921s a2s,
California st Gable 5s. 99H102E Y
California Wine 5s.. 81 81
City Electric Co 5s.. S2l4 81
Coast Counties LAP Is 9.5
Contra Costa Wat IS 9S %
Edison FL of l. A 5s. 91at -
Edison Light & p 6s.1o4is
F | DUPONT Pwdr AIS S31a
First Federal Trst rs. .fCOls
Ferries & Cliff II Res. 1O01I
Great Western Pow IS S115
Haw ComI & Sng IS. loo4
Lake Tahoe r & 7 rs. 81
Long Beach G Gas 6s. 102
Los Ang Gas & FL IS. 100
Do Corp 5s. ... 90
Los Angeles Ry IS. .1OoI4 104
Los Ang Light gtd Is. 1O1I
l. A-Pac r r lem is. 1O0Ia
L A-Pac RR Of Cal SIS 95
Marin Wat & Pow IS. 99A
Market st .Ry lem IS. 90
Mid Counties G&El 6s - 1O1
Mil Val & MtTmR5s. 9-1a
Natomas Con of Cal 6s so
Nor Ry Co Of Cal 5s.106i4 los
Nor Cal Ry IS. .101
Nor Cal Power Co 5s. 90 1ooI
Do Con IS. .... 90
Nor Electric Co Js... 90
The San Francisco call., 1913-07-18

Sales STOCKS IHigh Low Bid Ask

rtuton of
furnish the following
The San Francisco call., 1913-07-18
COFFEE FUTURES
Livestock Market
CHICAGO

CHICAGO. July Hogs-Rcceipts 1900;
market strong at Jd10c higher; bulk Of sales
Sc. .05G9.3O; light s9.0569 47ta mixed sS S56r
9.45: heavy, $s.6o@a.35; rough, SsGs. so pigs
$T.506a13.
cattle-ReceiptS. $500; market cenerslrv
steady; beeves. $7.10M9.f5: Texas steers s7nS:
western steers. sI15Ms-20; stockers and feed
ers, $3.60mI.9 90: cows and heifers So. 3.SoMS. 80:
calves, SS.50G1125
Sheep-Receipts. %. 600; market weak: native
sheep, S4.25n5.20 western. S425M5.15; wear.
linss sa;30a5: lambs, native, s6ds.20 west
KANSAS CITY
KANSAS CITY. July 19-Hogs-Receipts
1000; maTket snG . to 1oc higher; bulk. sa99lo,
heavy. s9M9.oJ: packers and butchers S96Ia 10.
light. s9M9.15: pigs sT.75@s5o
Cattle-Receipts. 1000; market steady; prime
fed steers, SS.50d 90; dressed beef Steers
$7.5ods.50: western steers SC. 5oGs 40. sontb
ern steers. $5.5odI.15; cows. s425d7: heifcrs
so,3ods6e: stockers aud feeders, s5G7 so:
sheep-Receipts. 1000: market steady TO 1ne
lower: lambs. SIMS.25: yearIings, s5ds; weth
feeders, s2.T5G4.25. "A'
The San Francisco call., 1913-07-18
CLOSING QUOTATIONS

Bid. Ask
Oakland Gas. L&H IS. 101
Oakland Transit Co 6s.103
Do "a 1O3s
Do Con 5s. a41a 95i4
Oakland Water gtd rs S91s
Omnibus Gable Ry 6s. = loo
Pacific Gas INN As. 30
Pacific Gas 4 Flee 5s. s47s -
Pacific Electric Ry 5s.102k
Pac 1t & Pow gtd S. %
Pacific Tel & Tel IS. 96Ts 971t
Park e. Ocean r r 6s. - 10Oh
Peoples Water Co IS - I2l
Sac II. Gas & Ry 5s.100&102
Sac & Woodland r 5s 93ta
IS Joadnin 1t & p IS. 91K -
DO Cor 6s. series A.1014
IS F Electric Ry 5s.. 30
ST. Napa & Calls r 6s. - 102
S r, Oak & $ J Ry5s. aSH100
Do I'd mtge IS. .. %
IS j & S Clara n 4iss 90
Santa BarbaraG&El6s. 91t5 -
SPRR OF c q 5s. 1861
SPBranch r Of Cal 6s - 1921
s p r r 1st ref As. $50
s Val Wat gen m As. S91s s914
United Gas s. Elec IS. - 1O0A
United Il II Of S F As 55A IS
Val Counties Pow rs. 9912
STOCKS
Alaska Packers Assn. 81 S.
American Nat Bank. 49,
Anglo-Ca1 Trust CO.. 12.5
Anglo & Lon r Bank. 151
Armsby Co Of NY pfd 100
Associated Oil Co. -. 39s4
Rank OF Cal \ 300
The San Francisco call., 1913-07-18
Loans, Exchnnge and Silver

Commercial paper. .a1s as per cent
Loans on real estate. ...-... ~ n6Is per cent
Sterling exchange, go days -@4 .s3h
Sterling exchange Demand. OF 81
Sterling exchange. cables. -0l4. SS
New York exchange sight. "a 03
New York exchange, ,telegraphic a .06
Hongkong exchange, sight. -. a Al 95
Hongkong exchange. telegraphic "a AS
New York silver per ounce "a .5s5s
London silver, per ounce. $500. --G27 lied
CONTINENTAL
New York on Paris. Observation-Disclosures. 51S&
New York Mexico. Observation-Disclosures.
Berlin London. n.......................2 20. 49,
Paris London. Observation-Disclosures. 25 "a y
The San Francisco call., 1913-07-18

Afternoon Session
Board
- Associated Oil co..........-... -. -
90 Associated Oil co........... 3a. ST.
II Giant Powder ............. 81 90
$50 Snrinr Valley Water Co 81 62Is
e.. 600 Cal Gas & Elec unifying IS. ~ .62fA
5000 Cal Gas & Elec unifying 5s b g. 81. .6211
81 enn Pacific Tel & Tel 5s..... % 90
81 COO s r n II Co 1st ref "A 50 90
S.. 600 Spring Val Water gen mtge Is. S9.31f3
Street
81 600 Cal Gas & Electric unifying IS. %. .621k
81 COO Nstomas Con of Cal 6s so. 90
81 OOo Pacific Electric Ry 5s..102. .25
The San Francisco call., 1913-07-18

The average difference between the
| high and low prices of the three classes
of stocks for each of the three years
The San Francisco call., 1913-07-18

2s standard industrials and 25 public
utility issues The latter comprise both
common and preferred stocks, which
have quite a wide market.
The average high and average low
The San Francisco call., 1913-07-18

Bid. Ask.
California st r R....124H
Cal Fruit Gamers. :. .f131211aK
Cal 1ns Co (par s40). ~
Cal Wine Assn pfd.. S2ha
Do common ......- - 90
r du Pont de Y com 1S5
Fireman's Fund Ins. ..233 240
First Nat Bank OF S F.215 22Th
Giant Powder Con-. 81
Hawaiian Coml & Sug. 26ia -
Hawaiian Sugar Co... 26K -
Honokaa Sugar Co. -. 8
Hunt Bros Co pfd. 931a -
Hutchinson Sug Plant. 16
Mercantile Nat Bank.200
Mutual Savings Bank. so
IN Cal Power Co Con. "a
0nomea Sugar Co. -. 81
Orc Electric Corp pfd. 55
Do common ... 1914
Paauhau Sugar Plant. 1915
Pac Aux Fire Alarm. 215 Az
Pae Coast Borax pfd. 90at
Do common -. 100
Pacific Coast Casualty. 95
Pacific Light Corp pfd - 76
Do common -. 1os15
Pacific Tel K lei pfd. W S3
Do common 1900. ~
Peoples Water Co pfd 81
Philippine Tel&T Corp "a
Realty Syndicate -. so
Savings Un Blk & Tr .245
Security Savings Bank. $50
s F-Oak Ter Rys.A pfd - 721k
Spring Val Water Co 51la
Sterling oil & Dew. 1.O5
Union Sugar Co... 20h
The San Francisco call., 1913-07-18
LISTED SECURITIES
SALES july II. 1913

90 Cal Gas & Electric unifying IS. 92.7
Afternoon Session
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-24
NEW JERSEY PLAYER
BREAKS GOLF RECORD
NEUTRALITY-SUSPICIOUS.

SHAWNEE ON-DELAWARE, Pa,
Aug. 23.-After breaking the record OF
the course with a Inc 70, John ]. Nc
Dermott OF Atlantic City. national open
golf champion, won the Shawnee Country
clubs open golf tournament today with
total score of 293. ALEC" Smith of
Wyckagyl was second with q score OF
301.
Third and fourth money was a tie be-
tween Tom Anderson, Jr., Plttsburg, and
Michael Brady. Boston, at sos. They con-
solidated the two purses. divided them
and then tossed for the third medal,
which was won by Anderson.
Harry Vardon OF England. who dropped
from third to fifth on the afternoon
round, bore away fifth money with
score OF SOC. while sixth, seventh and
eighth money was divided among Ed
ward Ray. England; Tom Mcnamara,
Boston. and Fred Mcleod. Washington
They were tied at 30S.
Vardon and Ray, from the exhibition
they gave when they found themselves,
will likely be formidable In the national
championships next month. Some OF
Rays tee shots were the longest ever
seen here.
The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-08-24
ENGLAND s OLYMPIC
FUND CROWS SLOWLY

LONDON, Aug 23,-The great Olyn-
pic fund OF $4,000 IS not rolling UP as
fast the promoters expected. An ap-
peal for this amount. 10 provide ade-
quateIv for the British team at the
Olympic games In Berlin in 1916 was Is
sued August II. II was signed by Earl
Grey, Lord Roberts. the Duke OF West
minister and many prominent men, but
only $4,000 has been subscribed In the
first week, or this. $40 900 was sub
Ssribed by Lord Northelff; $4,000 ,r3, by the
Upton and II. G. Selfridge each contrib
uted $500
The project has met strong opposition
knowing that Lord Roberts's name. which
headed the appeal, is usually the most
potent influence any patriotic cause can
have. Most OF the criticisms are made
on the ground that wholesale substituting
OF athletes would foster professionalism
and be contrary to the wholesome tradi-
tions Of British sport. Some OF the
sharpest thrusts have reference TO at
tempted America MIA ton OF sport
Some Of the critics assert that more
Britlshers engage in sports than any
other people. but they do so for recrea"
ton and not with the sole object Of win
the American spirit is TO win by any
means. and that American athletes care
more for prizes and medals than sport
The Duke OF Westminster hopes the
fund will not be spent in developing Il
few rema rkable athletes, but In organiz-
Ing general athletic gatherings. and he
utters warning against American spe-
cialiZation.
Tho Saturday Review predicts that the
money Will be raised. although. the pa
per adds II it were asked for anything
important to the nation II would not be
Forthcoming,
''Ie Stonehenge Ca celebrated monu-
ment In Salisbury plain) were offered to
the public TO save its being bought by a
Yankee for 100000, would the British
public rise?" asks the paper. 1t adds
that the familiar type of amateur, who
is really a professional, is an offense TO
all gentlemen and all sportsmen. and de-
clareS:
'If we cannot win In this ridiculous
business without adopting the ways OF
the professional, it is infinitely better to
lose as gentlemen"