davidaulloa/AmericanStories huggingface dataset:
Evening star., 1914-07-06
BY ANNE RITTENHoUSE.

Special Correspo0dence Of The star
NEW YORK, July 4.-Every woman has
q vacation in summer: If she does not
she is foolish. It may be spent on a
farm, at a simple mountain resort. on
famous beaches or a fashionable hot
weather place. but she needs clothes
for 1t.
Wherever she goes she wants to get
away from gowns and wraps and hats
that have marched with her through the
other part Of the summer. She may not
be able to buy a new wardrobe or dis
card the clothes she owns. even for the
time being, but she can add few timely
things that will give her a sense Of rest
from the routine of her wardrobe.
To begin with: Why the coat suit Of
sonber material, and possibly woolen
fabric? She has many opportunities to
wear it during the rest of the season.
for if she is like the rest Of American
womankind she adopts 1t as sort of
uniform.
She may argue that all places are not
cool at all times, and that the usual
muslin frocks are not suitable. but the
answer to that argument is the separate
linen skirt and the colored sweater; and,
parenthetically. isn't it a pity that no
other name prevails for this garment?
One does not like the sound of the usual
word for 1t; 1t has unpleasant sugges-
tions that bark back to its first usage
and by which 1t got its name. but so far
it is the only name In constant use over
here. The French word golfine does not
get a foothold.
Always the Separate Skirt.
The woman who does not travel often
or far is not cognizant of the popularity
of the plain wash skirt of linen or crash,
of satin thin serge, with its accom-
panying wash blouse of muslin. She
thinks that fashionable resort must
call for elaborate muslins, for organdies,
for crepe de chimes; whereas the trav-
eied woman who dresses in the last fash
ion is quite content with good-looking
simplicity. The laundry bill is not reas-
suring when one wears uniform OF
washable things, but that is always true
IN summer. no matter how one dresses
where one lives
Fashion has jeinsd hands with good
sense in adopting the plain skirt of linen,
even serge when it is 10 serve with
wash blouse, and be topped by COL
ored sweater or Jaunty topcoat- Once the
designers tried out the pleated linen skirt,
also one with a tunic. but after women
gave them short trial their end was
certain. They would not lend themselves
10 the tub or to the hot iron.
Even on the chilliest days 1t is quite
good taste to wear this wash skirt. for
one can always be warm enough with the
sweater loose coat. Ones choice is
between these two for cool days out OF
town. Women who are able to be reck-
less with their purses buy both garments
and alternate between them, but the
woman of simple means should choose
the sweater. because 1t is cheaper and II
does not go out of style with the seasons
The white sweater has evidently gone
into oblivion. but that fact need not fill
a woman with despair if she owns good
white one and Is clever at dyeing. If she
fears to do the trick herself the dyeing
establishments will do it for her at a
reasonable price.
Bright orange Chinese blue. martine
red, mandarin yellow, hunters pink are
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-27
BRITISH GOVERNMENT
HOLDS UP STOCK PLAN
Bankers and Exchange Leaders
Still Hope for Extension
Of Loans.

LoNDoS, Oct, oG.-The Government n
Is understood, did not look with favor
o-day upon the plan of bankers and stool,
exchange men to extend stock exchange
oans for an indefinite period
As result the outlook for reopening
Of tho exchange Is confused, and there
re rumors, which, however. are de-
MED, that the committee which has been
andllng the matter viii resign
The most prominent plan under CON
slderatlon Is that the banks, supported
by the Government. continue at a per
cent. Interest rate existing loans on pres
ent securities for one year after peace
declared borrowers are 10 be allowed,
under tho plan, to take 20 per cent. OF
their securities to the Bank OF England.
getting credit there of % per cent. of
their existing loans.
Holders of stock exchange securities are
thus 70 be enabled 10 resume business by
drawing on the new credits established by
deposit or new stocks purchased
II IL believed tina, failures are made
impossible under the plan unless the com.
mlttee deems II wise to assent to liauida-
ton
II ls felt that some basis Of agreement
may be reached with the Government
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-27

their obligations abroad wherever possible
mas contributed to help out the exchange
SITUATION. The apparent intention of this
country to pay its debts In gold whenever
they came due lessened England's demand
Tor our gold aud made her bankers more
Wiling to extend our obligations. The
readiness with which the 500. 900, 900 city
loan was subscribed and the rapidity
WIN which the country subscribed the
si0O,oOO,OOo gold pool all had a favor
able psychological effect In Europe
While exchange is at its present figure
there Will be no more shipments of gold
To Canada 10y the gold fund committee
Tor such an action would entail a loss
so far only 10000. 600 has been shipped
to ottawa by the gold fund committee,
though S2b.O0O.000 now lies IN the vaults
OF the Clearing House and the Sub
Treasury for export should the $40. 900. 900
become exhausted and should n rise in the
rate OF exchange demand IT,
The gold fund committee sent out
checks last night to the banks which had
participated in the $40. 900 shipment
TO Canada. These checks were for each
banks participation I'm the amount OF
exchange sold by the committee
There was Withdrawn from the Sub
Treasury yesterday for shipment to
Canada sS55,0OO.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-27

The sales Of cotton bills during the
last ten days are said to have been
enormous when compared with the near
stagnatlon In the market for them thai
has existed for some time One of the
leading foreign exchange experts in the
city estimated Yesterday that during an
OF last week shipments of $4,000 bales
or cotton day were made on an average
one banker said yesterday that he himself
purchased bills for more than 5000 bales
Cotton has always been considered the
commodity which put down exchange
rates the quickest
Aside from cotton there have been
heavy exports Of foodstuffs. medical SIM
plies and munitions of war Probably
never has this city seen such heavy shin
ments OF arms, large and small bandnges
chlornform, surgical apparatus and all tn,
many other things that nations engaged
In 50 great war need. The prices paId
have been war prices" Nations in
VOWED In so great war must have these
things al any price.
Aside from the sale of commodities IN
Europe, London's willingness to accent
our finance bills and to allow our NOR
chants, corporations and banks to extend
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-27
COTTON MONEY READY.
Bankers Here willing to Provide
S5O,OOO,OOO of Loan,

Local bankers who have been the most
active ~ the negotiations for a cotton
pool were IN conference with directors OF
the Federal Reserve Bank OF New York
yesterday on plans for New Yorhs con-
trihutlOn pf 10000, 00O to the pool
the amount OF which has finally been
placed at l35000000. Unlike in the gold
pool, the New York bankers VIII not
take the lead in raising the entire fund
but will coniine themselves t. raising only
this citys part OF It, leaving the YER
heoing of the entire pool 20 Individual
members OF the Federal Reserve Board
\ leading New York banker explained
yesterday under just what conditions
the pool is To he raised The attitude
taken by local bankers is that they do mt
know N business way that crisis
exists IN the South, but as the Federal
Reserve Board has told them that one
does eA!st they are prepared to relieve
IL to the extent II 100000. 900 provided
the other Northern centres viii put M
$50,ooo,ooo and tho South $4,000. 600.
only on these conditions will New York
enter the pool
The reserve board must persuade tho
rest OF the country 20 do its part. As the
loans viii he made to the Southern
banks, and as they win put up more than
one fourth II the entire pool New York
bankers feel that they Will exercise care
in making loans to cotton growers. The
loans will bear per cent. interest and
viii he made on the basis of cents a
pound. 4 guaranty fund will he estab-
lished TO insur" hne participants in The
pool against loss CLiEs and Glass u
certificates will be issued against the
cotton, thu former going TO the Northern
banks and the latter TO the Southern
banks. The Glass a certificates will
have preference IN the matter of rcdemp-
ton
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-27

The bureau OF war risk Insurance OF
this Department is writing insurance freely
on cotton when carried in American YES.
sells, said Secretary McAdoc.
the action of Great Britain In guaran-
tcein- the integrity on the high seas of
American cotton is expected to stimulate
expectation. II Is known OF course that
the assurances will not result In normal
shipments, but that there will bo an out
let large enough to relieve the situation
In the South somewhat is generally en-
pected by Federal authorities
For some time British ships have been
lying In American ports ready to ship
cotton, but American cotton men or the
bankers concerned were unwilling t. allow
their goods to 20 abroad owing to the
uncertainty as TO payment or because Of
the difficulties In tho master of foreign
EXCHANGES. Basil NJ RaCkett Of the
British Treasury, who IN now here, is
authority for the statement that part Of
the difficulty has been due to the fact
That II has not been generally known that
the British Government has guaranteed
al approved product bills accepted in
London.
The British Government has guaranteed
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-27
Decline just ms Rapid.

The decline in exchange during the last
week has been almost as sensational as
its rapid advance. On Tuesday. October
/ 3. sight drafts on London sold at i.967s
and cables ut 4.97Ss. The parity OF ex-
change on London is 4 So %. the approx
mate value OF the pound sterling in our
money The above date was the one on
which the gold fund committee made
the call for the first S25 900 900 OF the
500 100000 gold pool. ON October 20
demand sterling sold AZ 1858 and cables
AZ i.9i"s Last Saturday sight drafts
sold at 492 and transfers at 4.92@,, the
decline In demand sterling In less than
week being 4hs cents in the mound
Yesterday sight drafts after selling as
low as 4Sois closed at 4N97s. while
cables closed at i.903s. after selling at
4S9i9. It is safe to say that the decline
iu exchange ON London is the most SEN
sational that has been seen In the memory
Of the oldest foreign exchange expert in
The financial district. perhaps the most
sensational that has ever occurred
Various reasons have contributed to
bring about this favorable development.
Among them are the tremendously heavy
exports OF American fOodstuffs mauufac-
iured goods and munitions Of war durlu.
the last ten days, the moderate estimate
set 10y SIR George paish ON an. amount
of this country's Indebtedness to England
and the tone Of confidence cNpressad by
New York financ.ers since their return
from the Washington conference with the
Federal Reserve Board and the repre-
scntativcs Of the British Treasury
Coupled with the above the withdrawal
from the exchange market Of the COM
morcial houses which had foreign indcbt.
edness was IA big factor Many of these
houses have purchased sufficient exchange
10 meet their needs for some time. while
others, through tho desire OF the bel
ligcronts 10 purchase our foodstufYs. &c
nave found that they were able to pay
their maturing obligations in commodity
shipments instead Of having to purchase
exchange Also many banks and private
banking institutions which have been long
Of exchange became disturbed Yesterday
and entered the market as heavy sellers
Inc result was that the market was weak
ana bankers were especially cautious about
making further commitments
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-27
MOBILE AND OHIO DEFICIT
Railroads Report Fails To show sur.
plus of Last Year,

The report Of the Mobile and Ohio Hast.
road Company for the year ended luna
80 1914. shows deficit of $l793on al,
compared with a surplus NJ t3Si.2i1 last,
year. The surplus after the payment NJ,
charges and Interest obligations wi, So.
100. which was equal To al rc. ,..,
earned on the S6,017,O0O common ,....
against 1866 per cent. earned on $1,000.
GOO stock in 1918.
Gross earnings were si2.975.43i. rs ...,..
pared with sl2.377,G5o. with not ,a.r.rr,
Of f2.ts3,ala against s2.a31.75I The
deficit after the payment of dividend. Wa
S1b5.75l, against surplus Of $4oi.u5o m
1918. with a deficit after additions and
betterments Of s179.30o. AGAINST sur.
plus OF s8sI.247 the year previous Tina
profit and loss surplus of the company On
June 30. 1914. was sh.09S.257. ~ compared
with Sh.A2a.7l7 on .Imne 30. lnla
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-27
$l35, 100000 Cotton Loan
Is Apparently Assured
Wilson, Checrcd by Bankers Responses to Federal Reserve
Board Expects Finances to Improve and Pre-
diets Increase in T. S. Exports.


THAT ALL bills drawn upon London will
be met at maturity whether postmora-
forum or premoratorium This guarantee
Will operate Indefinitely
After meeting to-day Of the Federal
Reserve Board Mr.. McAdoo sent a tele-
gram to the chairman OF the board Of di-
rectors OF the twelve reserve banks for
mally announcing the establishment Of the
new banking system on November Is. The
telegram read in part:
PLEASE assure the directors that this
Department will gladly extend to them
every facility and all possible assistance
In opening the banks on that date and
also assure them Of my very best wishes
and OF my earnest desire to cooperate
win them In every possible manner to
render this great public service"
Confidence was expressed at the Treas
ury department that all Of the banks
would be ready for business on Novem-
her is. The formal call for the Federal
reserve banks to subscribe one-sixth OF
their capital stock has gone forward. The
call Is returnable on November . and
the payments must be made in gold or
gold certificates.
The Federal Reserve Board. in session
throughout the day was occupied with
matters affecting the organization Of the
system. II was said at the conclusion
or the conference that no consideration
had been given plans to adjust the in
dehtedness Of the United states with
Great Britain or 10 proposals for the relief
Of the cotton situation.
Board members explained that the sub
ject Of exchanges would he given con-
sideration later In the week and that
there was nothing for the board to do
on the cotton situation pending the re-
plies from the banks invited to mako the
loan.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-27
ALLIES TO KEEP BELGIANS.
The "Temps" Opposes Proposal of
Colonies In California.


PARIS. oct. Accommodating on a San
Francisco despatch stating that bankers,
railroad men AID other business men in
that city had formed a committee with a
view Of cniouizing refugees from Belgium
In California, Tn" T'WpN SAYS the initiative
OF this movement is undoubtedly due to
the most generous sentiments. hut cN-
presses doubt rs to its answering the
necessities of the moment, as Bcigians
rarely leave their town or country except
for France. where the language is the
same.
The Temps, furthermore. believes they
Will soon be able to return 10 Belgium
France and England. the paper SAYS. rec
ogni2r what they owe to the little nation
which saved their civilization from hard
Germanc tutelage and will not forego the
honor Of seeing their country chosen as
n second fatherland by those who have
totally sacrificed themselves for a cause
which Is Interesting to all humanity.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-27
Exchange Near to Normal;
Gold Shipments Checked
Heavy Exports and Renewed Confidence in London Given
as Reasons for Sensational De-
cline in Sterling.
MARKS OFFERED AS Low AS 85-NO PURCHASERS

For the first time since the outbreak
Of hostilities abroad exchange on Lohuoh
sold at a figure below the gold shipping
point to Canada. This is the most satis-
factory development that has occurred III
the numerous problems confronting the
bankers Of this country since the CLOSING
" the Stock Exchange II means that
for the first time since the abnormal r'so
in exchange IL has returned TO point
near normal and that, so long as II re-
mains at the present figure, gold snip
m.nts to Canada from the gold fund viii
not take place. Perhaps deeper signlh-
canoe liz that the heavy exports Oh inc
last few weeks are slowly but surely
turning the balance of trade once more In
our favor.
Demand sterling sold rs low as i.s9h
Yesterday and cables at 4.seI.
The price of marks reached sensa-
tionally low level yesterday, with pracu-
cally no buyers. The drop was 10 49,
figure that was considered merely NOM
inal. 1t was said by high foreign eN-
change authority yesterday that marks
had been offered to his institution as low
as So These levels may he m part ac-
counted for by the increased volumes or
purchases Of foodstuffs by Germany III
This market and the beginning OF cotton
takings But. in the opinion or expert
enced exchange men. Germany Is not pay
ing for the bulk OF these purchases IN
marks but in gulders, kronen or Ira, as
she is getting most OF the merchandise
bought here through neutral ports OF
adjacent countries The fundamental
factor in the collapse Of the value or
marks In tho opinion Of exchange men.
Is the comparatively large amount or
credits held by American bankers In Ger
many which they are anxious to with
draw because of fears for the future OF
Germany under a possible war indemnity.
The rates for sterling exchange yester-
day form interesting comparisons with the
rates since the great European Powers
dccla red war. 4 few days after the close
Of the Stock Exchange demand sterling
and cable transfers were selling At the
absolutely prohibltory rate Of 81 pound
and the Leading bankers of London and
New York were confessing that tho dell
cate fabric Of international business had
completely collapsed
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-27
SHIPPING BOOM GROWS.
New Line to Dcnmnrk-Ocesp Rata,
SIN CLIMBING

''spt" the uncertainty and anxiety In
me market for marine Insurance risks
Nv re1s ~ the German cruiser actiyit,es
IN lnHIt" and South American waters,
ShlnnihS men yesterday reported that al .
w. every available snip around New
great German fleet and tho Austrian boats
VIZ up mere ~ In use or Is likely to be
Ssthln "a short time
Nh'nping rates have gone up 100 and
'N'n -oo per cent In certain cases sine.
W" war and with the great growth of
49,, y; S'.u Il Sh pping authority yester-
Wy, ne RATE "a grain Is typical IL was
s'l', on r@Nson Of the prominent mar,
.''N |nlnmen's have held In the export
uF'' The rate now TO London is al
per huSnel, against normal rat. in
u"N' u'I 30 rs 4 2iad.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-27
MANY FRENCHMEN PRISONERS.
comparatively Few Britons Are
Captured by Germau..

LONDON Ger, 26,-Berlin newspapers
received In Rotterdam enumerate Nv ma
uonalitles the 2a6,SG9 prisoners of war
VINO were said to be In Germany Oc-
tober 81.
II IL stated that 2.472 officers and 49,
N9l men were French. 2.l64 officers and
l"i,52l men were Russians 547 officers
ana al'31S men were Belgians and 2lS
officers and $3.50 men were british
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-27
To Discuss Commercial PAPER.

An important question hearing on the
operation Of the new bank system in a
practical way will be discussed at to-
morrows meeting Of the Federal Reserve
Board. This has to do with commercial
paper 10 he used az n basis for circulation.
\ committee Of bankers has prepared a
report defining commercial paper
Sir George Paish and Basil H. Blackett.
representing the British Treasury will
have another conference on Friday with
members Of the Federal Reserve Board
and bankers for further discussion OF
the exchange situation. Sir George and
Mr.. Blackett conferred on the subject
with bankers and board members last
Friday
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-27
Bankers Report Mig Gains.

The reports OF German cotton purchases
were only one item in the encouraging
news yesterday that cotton Is beginning
to move 20 foreign ports Foreign ex-
change men said that for the first time
cotton bills were being offered yesterday
in substantial quantities on single orders
of from 1000 to 5000 bales
The extent of the great new export
business that IS being done through New
York alone was indicated yesterday by
the fact that one large institution alone
reported having done a business of be-
TWEEN S60,0OU,000 and 10000. 600 in for
eig1 trade accounts since October l.
Sterling exchange to the amount of &c.,
ooo. 900 was sold in one week by this insti-
tuition
1t was learned yesterday from bank
ing source that the French Government
has bought foodstuffs and war material in
this market since the war started amount
ing to $40, 900. 400. This is on business
that would never have been placed in
this country except for the unusual need
prevailing. II was also learned that the
amount II this new business placed here
by one Of the very small neutral countries
OF Europe through one bank has been as
large ~ $1,000. 900 since the war started
Exports from New York reported yes.
terday at the Custom House for the day
took a pronounced Jump to S6.ls3,Sl2, a
record breaking day The previous record
da" was last Wednesday, with "A total OF
S6,l05,o16. The exports a week ago were
s3.7s6,3aa. Yesterdays figures showed II
gam or S3,Sl3,i55 on the approximate fig
ures for the corresponding day a year
ago.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-27
Twelve British omccr. KILLED.

LONDON, oct 26,--Accordng to a casu.
atty list issued by the Official Press Ru.
reau tonight twelve British officers have
been killed and seven wounded in the
military operations In Nigeria and Ger.
man Kamerun since August % The
native British troops have lost 100 killed
and 20 wounded
kii1p1
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-27
MORE ARGENTINE BEEF HERE

The Lamport a Holt liner voltaire in
yesterday. brought $4,000 quarters n,
chilled beef from Ruenos Ayres the larg.
est quantity ever shipped to New York
In a single steamship
The Voltaire had lis passengers ir
Guiding Sergio Garcia Urithurn. Argentine
Minister 10 England: Hector Nalasquez
Uruguayan Minister 10 the United states
and eight wrestlers. headed by zbvszko
the Pole
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-27

Lieut. col. solomon q. Martz. who
commanded the forces Of the Union OF
South Africa, started n revolt when an
officer was sent 10 relieve him of his COM
mand because II WAS thought by Gen
Louis Botha, the Premier, that his Ger
man sympathits made him unfit for that
particular command at the time.
on october l2 Marltz arrested the loval
soldiers OF his command and with the
others took the field against the Union
forces At first II was thought the re-
bellion would he serious but II was dis
covered that Maritz had only "A few men
on October - he made conditional
otfer or surrender, which was refused
and on the next day the Union army
attacked him at kalmes, In the northwest
and defeated him, BEFORE that a number
OF his men had been captured.
Maritz is believed 10 have been melted
TO revolt by the Gcrmuna who had
promised to aid him IN establishing a free
republic under the Dutch flag in South
Africa.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-27
TOOK 100000 IN ANTWERP

LoNpoN oct. a6,-The hpemng Mem,
mas despatch from Bergen-up- Boom,
procured 5000. 600 from the gspaua No
uonale when they captured Antwerp.