davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-15
COPPER MONOPOLY BY
BRITISH FIRM FAILS
Effort by Merton 4 Co. 70 Ger.
ner Sales Abroad Detected
by Producers.
AGENT SAILS FOR HOME

When the Cunarder orduna left this
port for Liverpool Yesterday sh.. carried
back to England II Gardner ~ Henry
r.. Merton & CO., regarded az the biggest
metal house in the world with some plan.
ia his luggage which had they been &C
compished would have placed that firm
IN the position of controlling the entirs
American copper supply in Europe
That the English copper man had some.
thing Of Importance to take up with tho
American producers became apparent
shortly a't,r his arrival here but they
an let it be thought that his mission was
purely one OF hu,ing copper
THE SrS. however. learned from sew
era. excellent sources that Mr. Gardner.
mission was nothing more or less than
an attempt to corral th" marketing for
ali copper from America going 20 Eu-
rope. This would have placed the export
market entirely a. IN" mercy OF tho
London house as TO prices and further
more would have been a great aid 20 tn.
British Goveruneut in lts fight tn keep
copper ont OF GERMANY. a. not q pound
OF the metal would have been available
except through the English market
That Nj. Garuu'r's mission was = fail
ur" vas generally conceded in the COP
per trade. for none of the producers wound
consent 20 put their output in the hands
~ other than in'.r own representative.
abroad
The story OF 'Ec attempt or the Merton
representative To form what would in
reality hINe been a European selling
agency fur all American CORNER was
told by man familiar with tho facts who
s.lI1 thar lYl "a b. .yif han
successful it wouil have b,,.fi a long
step toward the nNiuE of prices for con
per, not In this country. hut throughout
Oh. rest nf the world.
by som. o. IN" trade the advance in
pr.c. , noted late la4, week was due to the
presence here o. Nj Gardner and tho
report trst lie Wa here to buy copper
II" dii mako some purchases. hut. u II
uuderstO God. not ~ fur which he bid The
up. ming of who London Metal Exchange
Yesterday 90 unrestricted trading was
ais" regarded as another factor tending
to advance prices.
The various selling companies Of the
tinted stat "s haze their own ~eprescnta-
dives iu London. 3s well as At cCnsun-
ing points on The Continent, although "
Dfe their operations have been greatly
restricted
Henry p. Merton & 60. have long
been regarded as the largest metal house
10 the world, handling NJ only copper
in large qu mites bat sp"ter and other
metals ~ well Its fii.iatious with fhs
American Metal Company have been
close but he Merton firm has by no
means confined i1s purchases 70 what
this agency Gould supply. u keeps In
dtiiy tounn with many OF the American
producers through direct cables,
While here Mr. Gardner bought soma
copper at advancing prices, hut he did
not secure all tho metal he desired. A.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-15
THE COPPER MARKET.
Sales OF EI-ctroIytic at
New Ton Price. iI1..

SubSta initial sales of electrolytlc copper
were effected yesteray AZ the new top
price Of ia, cents a pound Tor domestic
shipment These transactions closed up
the most important and srnt!mentally
tn best week which the copper industry
has enjoyed since the closing dtys Of
Ju!y Edrly iu the week bookings had
been made around IL, cents FOR email
.unnages Toward the end Their. w;Is 4
sudden tightening of prices, ~ which
lffcrings were made To- IA. cents, and
hts was followed on F"id.tv by two ud-
the afternoon gain c4rrylne IN" market NJ
TO ia. ceuts II was thu trst time in
many weeks that the metal had been
above the llls cent level
The export phase OF The situation con
tiuued ~ command the chief attention or
producers for The sreat-r part OF the
week In fact 10; until th" buying
movement developed We're they able 20
clSt their gaze IN other directions.
The work of unloading 90 ned copper held
by the British at Gibraltar cont nu"d
and Indications pointed 10 prize court pro
ceednpS in connection with a, least some
OF the metal detained
DJnostic buying has been almost IN
tlrely respon .thie for the higher range OF
copper prices now prevailing Connrc-
ticut brass mills took several million
pounds OF tn" metal during the clos us
DAYS OF the week, while other consumers
were also on hand with orders for their
requirements
Twelve cent copper appears prob
ability in the near future, with the ma n
tenance OF demand from home manufi c.
turers owing 10 the fact that visible
supplies In the United States should from
now OF show a decrease. with the cur
IA llment IN production quite fully felt
England and France continue in thn
market, although their wants have To =
great extent been filed 80 far rs manu-
featuring necessities are concerned.
Thus far The export situation has not
been relieved 10 any material extent. This
Was demonstrated by continued refusal
of Italian steamship lines to carry copper
TO Italy.
The Engineering ami MINING JOWHoi
quotations for the first fu week since
the resumption OF these figures showed
an advancing tendency, a. outlined he
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-15
BANKERS DISAPPROVE
M'ADOO CREDIT PLAN
SlOO.0O0.0OO Fund in England
Called Unwise and Tn
necessary.
PROBLEM FIGHTING ITSELF

Leading bankers and prominent for
e'su exchange men were critical yester-
day OF th. reported plan for the estab-
iiShmeut of a 100000 900 fund in the
Bank OF England to the credit Of Amer
ican bankers. They said that the plan
was unnecessary and uncalled for" iu
view Of the present situation in the Ster-
ing exchange market. aud intimatel that
were IL carried Into effect 1t would be
more to the advantage of England than
20 the United STATES.
tn" plan, as related yesterday IN
Washington dispatches, said that Secre-
tJry McAdUo and the Federal Reserve
Board had proposed that tho Bank ~
Enslard. supported by the British Treas
ury, should establish u credit In London
OF 500. OO0.OOn IN favor Of certain large
banking Institutions. notably In New
York city. The banks were To draw bills
OF exchange against this credit, which
we're to be utilized by American debtors
ia settling their balances with Englisn
creditors. such bills OF exchange not 10
ne rede-ma5le for siN months
IL was recalled by bankers that a slfni-
bar plan was undo; consideration Just
af:.r the closing Of the stock Exchange,
and Ut "A time when exchange on london
was selling 49, nigh ~ s. In" pound \.
that time local bankers did not see their
way clear to pay the debts Of this coun-
try In any other way. with the $780,
O0O, Goa city loan cued tor and tho
100000 00u gold pool raised. however.
and exchange selling Oh a normal basis
70 IL pointed out that 'uere is absolutely
no ueei FOR such 4 plan Exchange ~
MAKING rapidly AZ the present time ana
the balance " trtGe IA beginning ~
swing around IN our favor.
Were This country to establish "A rdl'
M. D. = - 4
said. undo much of the work already done
in the way OF reducing our obligations 10
England and would initiate against our
getting back the gold that We nave
already shipped 90 London and Ottawa.
Bankers emphasized the point mat less
than SlO.o00. 900 of the $l00,000.OOO gold
pool had been used mp and that the only
object I'm th, creation of such "a credit In
london would be 10 have a "sec'nd shot
I'm our locker" The feeling Ia tn" hnanri'l
al strict was that the plan was MOI the
idea Of the Federal Reserve Board. many
NJ the members Of which are well
acquainted with the fPre'gn eNthahIr
problem nut Of Secrcta>S M,-AdoJ.
sterling exchange rates yesterday we're
unchanged from the day before. demand
selling at ass and cables 1T 4SN's.
francs were quoted AZ 3,l3 for checks ana
.5lli. for cables, as compared with "l4
for The former and 5l5i2 rr The later
on Friday. Marks sold At So, for sight
drafts and So, for cables. This com
pares with 81 for the former and 81.
for the latter the day before,
one OF the encouraging developments
Of the day WAS the fact that time loans
were made at from per cent. 20 %. per
cent. for all mnurties, while some nur
months loans were made at a lower figure.
This marks a decline OF about per cent.
from the figures on time money which
trtIed 1t tho Oueuiug Of tho week
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-15
THE COFFEE MARKET.
neon"ninE Considered Likely In
CompsrativeIy short Time.

Business transacted ny tho Coffee EX-
c'fGEc voluntary iiquidating committee
vt'rdty embraced only switches. These
NO." from March 10 May aud July. De
'~'uhc- contracts did not figure In the
7orN 81 the committee. A. the close
Nargl w's quoted at $50 n so and
N.y was &c. bid. Total transactions
7cr. $500 bags
I.rag the week the liquidation OF
De- uU.r contracts made favorable prog
res 0Gr In large part 10 the approach
~ i-' notice day. While no formal
action uv the exchange ~ looked for
"e Ve,t the matter OF reopening. Il Is
'loua"', win again he considered within
.WurttiNeN short time. Now that
'H' Cotton Eychln-e and curb market
a'- r.3ir % start business sentiment IL
rn-e s-rudly to the plan 10 resume bust
f.--
The RIO market on Friday was lower.
" bouE quoted 30 RES on a. 3SS2'.
4 santos No, I was 100 refs higher At
N"H RIO exchange on London was
'-l'l lower at lld. Rio and Santos
-'r".n.s totalled $4,000 hays; sac Paulo
bad -oop and Jundiahy had 10000.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-15
IMPORTANT DAY IN
COTTON TOMORROW
Reopening Of Exchange viii
Mark the Coming Of
New Era.
OPERATION OF SYNDICATE

Everything is In readiness FOR the open
ing OF tho cotton exchanges OF the world
tomorrow morning New York. Liver
pool and New Orleans viii resume busl-
ness after a cloture Of about fifteen weeks.
during which time the cotton trade ha .
been without any facilities whatever for
carrying on a business dependent on for
ward contracts. Never before has it been
demonstrated how muCh the Industrial
and commercial, world has been led 10
depend on the system Of insurance against
future contract markets The war At
least has accomplished a great deal for
tho economies of modern usines..
The attitude OF the South has changed
completely. The great representative
newspapers OF the state. in the cotton
belt have set forth IN no uncertain terms
the value OF the future contract markets.
II IL doubtful II even the demagoEic poll.
tIcisns. who have fed their rural CON
stituents on such pabulum. Will ever again
base their plea for election on the abo.i-
ton OF cotton exchanges.
The New York cotton Exchange will
open at 10 o'clock tomorrow morning
The price IL expected 20 he around Z 80
for December and at tho price OF $50
OF lower the liquidation OF the .uug cot
ton taken over by the corporation will
he completed and u Will pass Into the
hands OF the syndicate. Under the terms
OF this agreement the corporation was TO
sell a4 much or the cotton as II took
over on the basis ~ cents at any price
above $50 At 80 or below the syndi-
cate was to step in and relieve the cor
poratlon OF it, burden
Thr total amount figured up 70 about
200. 900 bales or this somewhere between
sold above $50. II will be- borne IN
mind that over $1,000 bales Was released
through the ballot ON Friday
NJ matter what the course OF the mar
ket may he IL is certain that tho situation
will he quickly restored to normal. The
known factors will be- quickly discounted
and In this respect most beneficial SER
vice will be performed
The census report ON supply ana distri-
button published yesterday morning placed
by American mills during
October AZ 45l.Stl bales, against 5ll.?22
for October last year This is a falling
or OF about $1,000 bales but ia no more
than was To be expected with the general
trade Generalization resulting from the
war The figures created little comment.
Tho Chronicle placed sp,nnrrs' tdkiugs
for the week at 271,noo bales against
446. 0O0 last year The total FOR the sea-
ron is given as o.4ai. 00O bales. against
4 023 900 last year.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-15
Western Optimism.

The governing committee Of the Ont
"atso stock Exchange tx next Wednes
day to consider the reopening Of tho Local
exchange on November 20. II the ex-
change does reopen business will prob
ably be confined to local stocks Never
rs,cless the step taken by the Chicago
people tx IN Ene with othei evidence Of
a fairly solid optimism AZ thn' centre
Independent brokers who have been
busy !u the past few months trying to
ind buyers for distress have been sur
prfsed at TN. comparative etS" with
which they have been able 20 place Sc
curities with Chicago investors. Not only
have stocks OF more or less lo'.h CHAR
acter. like People Gas. ruled perssteutly
ctronger In Chicago than here. bus
blocks Of many standard issues, such so
tn Western railroads. have frequently
found a better market in the West than
here
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-15
DAIRY PRODUCTS MARKET.

BUTTER Tho market was not quite 50
rrm ve-t@rdav. although quotations were
sumption 50 thai tn" receipts OF 1851 pack
ages wer" ample. 1h"s" ar" heavier than
package High grade hut'"r wa. easily
'tk'u but uudcrgrtd"s showed loss ht"
The movement Of storaE" IL fairly free. WIN
account ~ advance az Initial points. Iadi"s
in moderate demand fresh p,rkins ''o,S IN
y 20 ii ,coro' 3ida.e iIeid a,,ras. %
score. 3-lsr. FIRST. 2sl@ n 3.D. S'a'". dairy,
Common to f,'r. -3".sc. Process. ,>'ras.
s5l. ugSI,c.. nrs,s .Iat--c.. lower rrudo-.
g. ID .8c.. Initiation creamery. Ar-ts, -3ls q
~ 'a'., IH9.'-. current mex. n.-,5, x
2lcs, r''h'nF sock held lne -!c.' 80.
CHEESE. Tn" weeks receipts wer. 10
sa- boNe. agains' -.o3O tn" prev ous week
Yesterday. Quality Is lttle disappointing.
som" receivers are cutting priGes on und.r-
STATE whole mix. fresh colorrI, specials
l5r1jhc., white. average, fancy. l4A, 70
l5y.. underrrndes. ma 40. Wisconsin
~. alsise.; poor 70 fair 7.rlo'sc
EGGS-Thr market wa not quite
arm yesterday although no changes were
made in prices. The weeks rccep's w"r"
t7.7SG cases with 5l.tiS the week previous.
rho finest limos continued In good demand
and In limited supply. Most grades ar" Of
indifferent quality ana ar" SLOW. ne ho' -
light supply and mostly ordinary Fin.
lines wanted nth the market nrlu. Prices;
Fresh gathered, extras, ," nc. extra
.7d3gc.: dirtle, 80. l. ga &c; No. ., 80
1.,. checks II u 22c RefrIgrrutora. hrsts,
charges paid. ga d - nc; Seconds, 23T 90.
pennsvlyuuia and nearby hcnuery whites.
fancy larg,. 15c. henr-ry browns 40" l3c.i
'"i TiVl .IP'C GiH.I.THY u,u, trading DC
CURED yesterday. with surplus BEING
,i4.u mn The week's receipts we're -,
cars practically Tn" saue ~ week ago
Turkeys IN moderate, SnPpy' dIGES anu
i3ug 100. fowls, l3p iiis Old ro'F,"r~
liz: turkeys. missed hens anu toms, Is"
lsc' Ducks, spring, Long lFland zoe g"e1-
Western and southern. old, lic.' gu!ueas,
ppFSSED POULTRY I..rge roasting
chickens and fancy brollArs In exec lent dc
cleaned mp. Medium grades sell slowly
rows in modeIate saPP.y Snd faif dem sIHL
season almost over with desirable lines
wanted. Western spring ducks IN moderate
supply. Spring turkeys more plentiful! and
fancy grades Frozen turkeys stiu dull but
urged Tor the THANKSGIVING holiday. Prices
follow. Turkeys, iced, isH --o, W stern MIX
fed, ~ 20 q ihs. Il 10 hpy. .aa l5g; corn
lbs ana over. l7DI7'5c. mixed weights
lGa 10, Phl,ld-Iphit fancy, ". et"h,
.3H i.G nroiIr' o,o' ''t o,Is
r. ., Iov Ns..art 60 lbs ,ud over to
dozcu. 1Nc.: Western dyy p l(od. 8 lO., and
over, l6lae old roo~t"'s, l3Ii Long iF'1nd
lbs to uozpu. 81. - p... S3.5Op s3.'a. !hs,
te.75Ht3. dark s. % . g "a. gHIDeas. " MS
and over, ''H so. f''t'7 'Hi Ney~ Mrstrr",
uItket. average.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-15

Not u pound has LEFT this country for
either Grmany or Austria during the
last two months; neither have cleartnces
been made for Dutch ports owing 10 Brit
ish decision 10 apprehend such cargoes
on the belief that they viii nud their
way into Germany.
The big increase noted in shipments to
miscellaneous countries was effected very
largely to the sudden jump IN clearances
20 Scandinavian ports, but this factor has
diminished very materially under rulings
VI the British war Once.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-15
THE CURB MARKET.
Prices Fairly steady After = ouiet
Opening--OiI stocks Gain,

After quiet opening with prices fairly
steady increased buying was reflected In
the quotations FOR Standard OH stocks.
and At the clos gains OF from 2 20 &
points were exhibited. Interest was de
voted particularly 20 Ohio OH Standa ri
OF OF California. STANDARD oil of New
Jersey and standard OIL Of New York
United Profit Sharing WIS the favor.te
among industrials ranging between ia.
and II l.. closing Let thu lower figure
United Cigar stores and Maxwell Motors
w"rN' fllmcr while Nker 4 Hescman
yielded to M Miitng issues were IT.
regular. with ths most activity shown
IN Jumbo Extension. which rose to 81
Transactions in detdu in the market
yesterday were a. follows
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-15
BUSINESS TROUBLES.

BROS COMPANY, building
contractors OF 500 Fifth avenue. has i.'d
schedule! r. bankrSp,ey 5S5n99W'dns nan n,,
secured. and nominal assets $1,000 con
slstlng OF accounts. fltef4l bills re-
c-Iyable and mortgage. 1las,d0o; real "s-
mo sl475n: claims. IS 600; plant, 81. 500 ,
stock, $500, cash. 81 ,l6., and an au'omo :
ble. $500 Also l..5o shares OF stock "t
rho FIeischInAnn keHity COMPANY and goo
share. 500 FiCh Avenue COMPANY. valu"
unknown The real estate II located A.
gl9 to .l9 West llith street and tal, 49,.
jOl and 5o5 East lioth street subject I"
mortgages Among ia" creditors are IN"
WOODROW Investing Comp'nN. N,"os' :
Metropolitan Bank. 500 secured, 20
mn,idA Bank. 81 900. John a. Phllbrirk
q co, s1OO2s. Leon Fl"ischmsnn, s9.,SN,
5o7 Flfth Avenue IomPany Se4opi Nathi nan
company. tj.s7l, and \. II Andrews
Company, s5.lN4,
dresses A. - creme street has Md
schedules showing liabilities 'S,2'a and
assets 50 400
bankruptcy Petitions.
+. DGETZ. engineer residing
m-rly treasurer Of the Radley steel con
struction Company Of Long Island cry
with liabilities se5.SSs ana assets consist
Ing OF iU4 shares Of stock OF the company
Of no value and one share United states
Nihusoleum Company lie indors"d notes
~ the Radlry Stoel Construction company
FOR $50 SEE and FOR he Building and l.ess-
BROS 4 petition IN bank.
-uptrr has been filed against Strusser
Bros comprised pf Louis and Geci"i
Stra-ser manufacturing furriers, II East
TV plftl street Assets are said to be
lsiDtRE GuRyAN.-A petition IN bank
rup',, has been Med against Isidor-
Gu-ygu. dealer in mems furnishing goods.
'g1 PARK Row, - Court street and Sh'
Manhlttan avenue. BROOKLYN. IAabllitics
are 5000 and assets 5000. He also
male an assignment 20 Lester j. saul
] NCkN AZ ~ GEWElIE. dealers In mems
furnishing goods ia East Forty -secnnd
stree have mad" On assignment to James
r. MrNful.en. William ~. culver and Lester
i saul pe'ltlpu in bankruptcy was
also Med against them.
Petition Dismissed.
STYLE SUIT CpMPtSI.--tudPe Hand has
Dismissed the petition in bankrupt" hled
an Septpmh,- - aga.rs; Harry FISHERMAN
and Drvid Euppl burg, doing business az
the SNl" sur COMPANY, manufacturers
n, lr,ase, * Nrs. rU'nty-r first street, On
A settlement with creditors at - cents
on the dollar cash
Receiver Appointed
M\RGARET NIAGCIRE Judge Hand has
unrointed BERTHA Remhaugh receiver for
Margaret Mcguire, mIllincr $40 West l2Jth
street bond $500,
Assignment.
ITCY LENA BASHAw Of 1856 Lexington
Avenue has made an assignment to Albert
II Ncrscn. Assets are f3Nb.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-15
SUB.TREASURY STATEMENT
FRIDAY

paid hy Suh-Trclsury 10 banks .. s. COZ 600
n'tJ Ly bnnhs to sub Treasury ... s,9i- 600
actions NEUTRALITY-SUSPICIOUS.. ,s.2ssOOO
'o you, 80 w eek" $3.50 600
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-15
Emergency Currency Retired.

There was retired yesterday by New
York banks S22O0u0 in emergency cur
reucy. bringing tho amount retired IN tn
date up 20 s51.222.OS,.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-15
THE BANK STATEMENT.

The statement OF the Clearing House
Association shows the average condition
OF the banks FOR the past week together
with the changes from the preceding
week
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-15
IsI>EsS OPPORTUNITIES.
oh TO 100, pROTTI

can b. real Iled on an Investment IN Eood
going bIlaiurss situated u"ar chicago on Two
trunk Inc Ry- HIs private side track
owns ii- own buildings and real estate and
AN arc uuruclm bored owner viii sell all or
mart Rest ot rrt sons for offering Product
hnH unlimited dcmond A. present hay" over
81 o. 600 90 worth Of orders on rIr, VIII sell
my entire interest for So 600 40 or han FOR
8 q o 600 90 Tint, r. At unusual opportunity
for a quick Investor. Address II, boa 100
sun office,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-15
DIVIDEND DECLARATIONS,

company and Term stock Amt. Payable
Standard oil ~ Me-
hraSka, scmi.unuual, $780, so Dec 20
Norfolk Railway and
Light semi annual. ----- Sc, Dec. 10
Harhinson- walker Re
fractories, quarterly, com 80 Dec. /
Ohio cities Gas, quar-
terly minimum. com ls% Dec !
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-15

The imports Of dry goods and genera
merchandise At the por' Of New York for
he week ended November T. Rs compared
with tho previous week and the correspond
ing week OF 1919, follow:
Week Previous
Nov. Z week 1913,
Dry goods. S3OlG.l36 S2.lsl,7a3 s31sg,sa2
tien. mdse. is,gg2,t26 li.l59,02i le.OSs413
Totals sls,oOs, 6S2 sl6.s3I7ti sI5,2T5, sos
Impur, ations at New York for the wear TO
date compare as follows;
1914. 1913
Dry goods ...,.,.. flIS, 3O6,6sa Sl5t b4t, t6s
Gen, merchandise. 697,1lO,003 III $40, Oss
Totals tstL0l6Ss2 B%S.i0o, 52s
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-15
DAILY TREASURY STATEMENT.

WASHINGTON Nov a The statement a.
The receipts and paw warrants Of the Treasury
shows
November 'c'rhis month Fiscal year
Receipts ..... s. H-i,tNN fit1'3.siH s99,. 5aI ln
Pay warrants. 2Gii 40 .G.tlG.>50 90 o. 81
Deficit ...... Sd,.3,2 H3e3.Nl S.. 10d ,gC
Receipts from customs November y, S,.i ,a3,
internal revenue ordinary, $40 Or; corporation
taN. SN.305. and m 1gllanrous 81, .5@
National bank notes received for rcdrmpt on,
s-l3l.1,1
The cash statement Of the United states
Treasurer for November !. shows
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-15
Live stock Market.

To redeem outstanding cert lncates 81 iiA ~ SCs
I Grand total cash assets IN Treasury 80 t5i ~.
The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-12-30

when the note is published we shall
find that President Wilson and his
colleagues are not insensible to the
imDertous requirements OF our mill.
tary situation.
I'VE do not suppose this is d dis
pute OF u right as helligerents to
practice such interference with COM
merce between neutrals as is mani
testify necessary for the protection O:
our national safety. What they do
question, as we gather 1t. is whether
the action of ships does not In
some cases exceed that manifest ne
Icessity.pn
Declaring there are many peculiar
conditions arising from the war which
justify. the editorial continues:
The note deals throughout with
unshaken faith in our sense OF justice.
That trust we shall assuredly do our
best to preserve. It Is quite incoh-
ceivable that two sensible peoples on
the friedliest of TOXINS with each 9TH
or should not succeed in deuising o
modus yiyendi in accordance with the
general principles OF international
law which will at the same time meet
the peculiar facts and circumstances
OF this unprecedented war"