davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23

for bringing peace It is more likely TO
be- the United States than any other.
But we pay the penalty for this action
en- behalf OF peace for ourselves and
possibly for others In the future by for
feiting our right to do anything on be-
half OF peace for the Belgians in the
present
I'VE can maintain our neutrality. only
by refusal to da anything to aid unoeffnd-
ing weak powers which are dragged into
the gulf OF bloodshed and misery through
no fault Of their own. 1t would be folly
for us to Jump into the gulf ourselves to
no good purpose: and very probably Moth
ing that we could have done would have
helped Belgium"
Discussing the cause and provocations
which led to the war, Colonel Roosevelt
recites the claims and counter claims OF
each Of the warning nations. Russia, he
thinks. could not have done otherwise
than to aid Servia, because Of the racial
ties existing between them. Germany was
led on by her close alliance to Austria
Hungary. France was led on to support
Russia and when once Belgium was in
vaded every circumstance of national
honor forced England TO act as she did"
"At this moment. for instance, Japan
has declared war against Germany. She
has paid scrupulous regard to our own
rights and feelings in the matter. The
contention that she is acting in spirit
of mere disinterested altruism need not
be considered. She belevs that sh has
wrongs to redress and strong national
interests to preserve. Nine years ago
Germany Joined with Russia to check
progress after her victorious war
with China, and slnce then itself built up
a German colonial possession on Japanese
soil Doubtless Japan never for one mo-
ment has forgotten this act Of Germany"
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23

civilized nations. stands unshaken by
the present worldwide war"
In part the article says:
Peace which leaves Belgium's wrongs
unredressed and which does not have
any effect against a recurrence such as
those from which she has suffered, would
not be real peace
On the attitude of the United states,
Colonel Roosevelt writes:
what action our Government can and
will take I know not 1t has been an
nounced that no action can be taken
that will interfere with out neutrality. IT
is certainly eminently desirable that we
should remain entirely neutral, and moth
ing but urgent need would warrant from
our neutrality and taking sides one way
or the othed. Our first duty is to hold
ourselves ready TO do whatever the
changing circumstances demand, In order
to protect our own interests in the pres
ent and in the future; although for my
part I desire to add to this statement
the proviso that under no circumstances
must we do anything dishonorable, espe-
ciaily toward unoffending weaker nations.
Neutrality may be of prime neces-
sity In order to preserve our own in
terests, to maintain peace in so much
as we are not affected by the war and
TO conserve our help. toward the re-
establishment of general peace when
the time comes: for II any outside power
Is able at such time to be the medium
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
EIEHNLE ROUTED
IN CONGRESS FIGHT
IN ATLANTIC COUNTY
Emerson L.
Richards, the Commodore S
Candidate, Badly Beaten
by Bacharach.

,r1ANTtC CITY, Sept. 23.-Rout of
..hr,sIsm was absolute in yesterdays
~, ~ strength between the Bacharach
..,os working in conjunction with the
~ oreanization of the City Commission
"a The remnant Of the once powerful
,,,o,ion that did the bidding of the
commodore.
,.so,rbIyman Emerson L. Richards, the
,.,,r,odore's candidate for Congress, was
,.,oo,ed by 141i votes in the city, Bach
zach carrying all but eight of the 4S
siy,sions The Kuehnle forces lost the
second Ward, the Commodore's home di-
-,.,or by PIG. Richards losing FIVE of
,be nine divisions.
The routed Assemblyman made bet
,or showing in the mainland districts,
and with all but five districts accounted
sor Racharach's lead will not exceed
,S;o cumberland County, to the great
,,rnrse of warning factions here, went
sor richards by 4i Bacharach had
siained the county. This is regarded
sovere defeat for ex-senator Isaac Nichols.
senator Blanchard White, of Burling-
,on who ran third in the congressional
acc received the news of his defeat
hare He attributed Burlington's poor
shaving to the candidacy of ex-senator
criffifff> Lewis and insisted he would
have won with Lewis out of the race.
1oseph r. Bartlett, regarded as
vuebnle man. was nominated for sheriff
nv the Republicans. A. M. Heston, anti
Kuehnle. was named for City Treasurer.
Edmund c. GaskilI won a five-corner
race for recorder.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
CAPE MAY CITY RETURNS
Results of Primaries for Local Off
GERS Shown.

CAPE MAY, n. j., Sept. 23.-The result
of the primary elections in this city yes
terday were:
Republican-Fr Henry S. Ruth
erford; Alderman, Harry Hebenthal;
Council, William b. Gilbert, +. Tasker
Smith, George r. Wentzell, l.. c. Ash
burn; Assessor. Charles T. Campbell; Col
lector Walter j. Henderson, Jr.; Treas
uror, Stephen r. Wilson.
Observation-Disclosures Joseph n. Ell
we'll; Alderman, Harry Hebenthal: Coun-
ell, William Il. Gilbert. r. Tasker Smith
Charles \. Swain, l.. c. Ashburne; Asses
sor j. Allan Wales; Collector, George S.
Curtis; Treasurer. Stephen b. Wilson.
observation-disclosures, Harry Heben-
thai; Council, George r. Wentzell. 4.
Tasker Smith, l.. c. Ashburne: Assessor,
J. Allan Wales; Collector. Walter j, Fen
derson, Jr.: Treasurer, stephen b. Wilson.
In West Cape May the mayoralty nomi-
rees are: Republican, Walter NJ. Homan;
Democrat, Edwin Morton.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
SCOvEL SUFFERS CRUSHING
DEFEAT AT HANDS OF HAlNES

City and County Republicans Sup
mort Camden Councilman for Sheriff.
Running on platform condemning Or
ganization rule, eX-Prosecutor Henry S.
scoyel yesterday at the primary cleo
ton suffered crushing defeat in his
fght for the Republican nomination for
Sheriff of Camden County. Joshua c.
Haines, a member of City Council, won
by plurality of 1916 with three country
districts missing. Haines' vote totaled
IA, and Scovel received il2S. willard
T Gibbs and Harrison II. Marter, Jr.,
poed IA and SOS, respectively.
John B. Kates. Garfield Pancoast and
Charles A. Wolverton were nominated for
Assembly on the Republican ticket in
one Of the closest races that ever marked
Camden primary. Wolverton and John
H. Fort ran close for third place. With
returns from three districts still to be
reported Wolverton wins by scant 20.
Hates was highest with lO.l56 votes. and
Pancoast was second with 1884. Dean
Pressey recorder of Haddonfeld, sup
ported by the Ant-Saloon League, polled
1905 votes
Bitterness marked the race for the five
places on the Republican ticket for excise
commissioners. There were sixteen
asprants for the nomination. The win
ners and their, votes follow: r. j. Alff.
Esi; Matthews Banes, 3620 w. Taylor
Wright, SiO6: Howard Lee. 1854. and Rob-
ert Van Mater, 1852. The other candi-
dates and their votes follow: Chamber
lain, 2679: Ladd 2614; Barrett. 22O4;
sweetcn 2ls5; Davis. 1916: Gnang, 1884,;
Schmitz, 1885: Whitney, S19; Moore 75S
and Laute. 52S.
State Senator Read was renominato6
without opposition, as were also Harry
c. Dole, Charles Mills and T. Harry
Rowland for the Board of Eudcation. DR..
Frank Cook was unopposed for the noml-
nation fey Coroner.
The most stubborn fight for Council
on the Republican ticket was in the
Eleventh Ward, where Edward Heimach
defeated Fed Won Media by -four votes.
In the Fourth Ward Harry A. Read
won from A. r. Dease, 3i5 to 13S, and
Councilman Mills of the Eighth Ward,
won in three-cornered race with f. D.
L Covely and Simon Besser Mills vote
was $50 Bresser's -22i and Covely's 1i3.
Councilman Robert W. Gordon defeated
William Crank in the Fifth Ward 503
TO III. Frank Petit won from Edward
Crane in the Ninth Ward, 4S9 to 1870.
Councilman Deacon defeated Coroner
David Bentley in the Tenth Ward, ,542
10 363
Democrats showed little interest in the
primary their vote being very fight.
avn b. Pitman was named for Sheriff,
H. Graham Bleakly for State Senator,
md Or, Lyman Goldstein for Coroner.
mere was no opposition to Daniel s.
MeGear, Herbert w. Royal and Ralph
Wescott for Assembly, and William
!, !, DAVIS Howard Yearsley and George
~ flSher for the Board of Education.
.he Democratic Excise nominees are
rank Alcott, Henry f. Brown. MichteI
!. purkin, William Rutherford and Frank
/" Williams. The following tables show
assembly:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
PRESIDENTS FRIENDS
VlCTORS IN NEW JERSEY
Present congressman Renominated.
Close Contest in Hudson.

TRENTON, Sept. 23.-Slow returns be-
ing received today from yesterdays s
primary election indicate that practically
all of the present Democratic congress
sional delegation of Wilson men have
been renominated. Bitter local fighting
in several counties of the State served
to swell the total vote cast to fair pro-
portions.
In Hudson County. where Governor
Fielders forces were arrayed against
those of Naval officer Wittpenn In the
Democratic primary, the result seems to
be in doubt The State leadership hinges
upon the outcome.
No comparative figures of the total
votes of the parties can be given at
this time, although 1t is known that the
Progressive vote was very light yester-
day. This is partly ascribed to the fact
that this party was without the contests
which served to bring out the Repub-
licans and Democrats and to the further
fact that the Progressives in some cases
had fused with the Democrats.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
BRYAN'S LINCOLN FRIENDS
C0L0NEL'S PRESS AGENTS
Nebraska Democrats Work Hard to
Get Audience for Roosevelt.

Nebraska Democrats Work Hard to
Get Audience for Roosevelt.
LINCOLN, Neb., Sept. 2S.-woman suf-
frage was indorsed and Progressives of
this State were urged to support all Pro-
gressive principles in speech delivered
here by Colonel Theodore Roosevelt He
also asked the voters to support equal
suffrage for women. on the theory that
each vote polled for the Progressives in
Nebraska would aid in the defeat OF
the Republican ticket the Democrats,
headed by many of Secretary Bryan's
friends, worked hard to promote a large
gathering for the Colonel here, Mr.
Bryans home town. officials of all state
party committees attended the meeting
Mr.. Roosevelt caustically referred to
Mr.. Rowe, Republican candidate for
Governor, who remained in his party
after protesting vigorously against the
wrongs of machine control. The cx- Pres-
dent has accepted an invitation to be
the guest at dinner of Governor Edward
f. Dunno, of Illinois. at Springfield, to-
morrow night.
BOONE, Ia, Sept 23.-Progressves of
this city are hosts to Colonel Roosevelt
today. The Colonel made two addresses
in Iowa today, the first here after a
luncheon in his honor given by John L.
Stevens.
special election train will convey the
party to Des Moines where he will make
an evening speech
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
P1NcHoT WILL STICK TO END
Reiterates Denial of Intention to Re-
tire From Contest.

clifford Pinchot, the Washington party
candidate for the United States Senate,
Yesterday declared he had never offered
to retire in favor of A. Mitchell Palmer
III that were the surest way to beat Pen
rose which 1t Is not
Mr.. ~pinchot said the Washington Party
was the majority party in Pennsylvania
and that the Democratic party was
minority. In conclusion, he wrote
II will be q candidate until after the
polls close and the votes are counted.
Any statement to the contrary, whether
made heretofore or hereafter. 1 brand as
absolutely false"
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
SINGLE VOTE SWINGS COUNTY
Richards Emerges Ahead of Bach
arach in Cape May.

CAPE MAY COURT HOUSE. n. j.,
Sept. 23.-Returns from the Republican
primary election for Congress in Cape
May County are: Richards. 500; Bacha-
rach. S2s: Lewis. 331 and White. 2iS
j. Thompson Baker was nominated by
the Democrats. William H. Bright the
Progressive nominee. received about 20
votes. Other nominations are:
Assembly Evans G.. Slaughter, Demo-
crat; Lewis T. Stevens. Republican;
Daniel Mayhcw. Progressive. County
Clerk, Frederick J. Melvin, Democrat;
A Carlton Hildreth. Republican Inger-
soil is the Republican nominee for
Coroner
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
ROOSEVELT PRAISES
STAND TAKEN BY U.S..
IN EUROPEAN WAR
Writes in Outlook That
Present Neutrality Will
Aid Work of Peace When
Time Comes.

NEW YORK, Sept 23.-In the current
number of the outlook, which made It's
appearance today Theodore Roosevelt
who was formerly a contributing editor,
discusses the European conhagration in
an article entitled:
THE world war; its tragedies and its
lessons"
Colonel Roosevelt records the claims
and counter claims Of the belligerent
Powers and expresses profound gratitude
that the United States, of all the great
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
BAY STATE REPUBLICANS
HEAD TICKET WITH M'CAlL
Democrats Renominate Governor
Walsh.

BOSTON, Sept 23.-Complete returns
from yesterdays State primaries show
that the Republicans nominated Samuel
w. Mccall for Governor. There was no
contest in the ranks of the Progressives
and Democrats, the former naming
James Walker, while the Democrats re-
named Governor Walsh. In the con-
gressional contests virtually all the or
ganization candidates were nominated,
although in some cases there were spir-
tied contests.
A new record for small attendance
was set in the primaries The voting
was expected to be light, but proved to
be even lighter than predicted. Most of
the interest was centred in the Demo-
cratic nomination for Congress In the
Tenth District Peter +. Tague, of
Charlestown, backed by Ex-Mayor Fitz-
gerald, Martin M. Lomasey and Con-
gresham Murray, defeated John A. Kel-
iher, supported by Mayor Curley and
many of the latter's adherents, by a ma
jority of about 500 votes.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
PASTOR WHYTE INSTALLED.
Acting Minister Now in Charge OF
PRESBYTERIAN Ch

The Rev Thomas Whyte was installed
pastor of the Third Reformed PlCshy-
terian Church, Hancock and oxford
streets, last night. in which church he
had been serving as acting pastor for
some time. The sermon was preached
by the Rev. John Parks, of the Seventh
Reformed Presbyterian Church, and an
address was made by the Rev.. William
H. Galley. of the Fifth Reformed Presby-
terian Church.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
CUMBERLAND COUNTY VOTE
Richards Lead Over Bacharach 444
Votes

MILLVTLLE. n. j., Sept. 23.-Complete
returns from Cumberland County follow:
Congress, Bacharach, 1l2S; Lewis, 332
Richards, 1872; White. $40. Marshall, for
Sheriff, won over Bowden by 96 majority
Sheppard. for Assembly, won by 1859
Samuel Dunham. of Millville. was nomi-
mated by the Democrats for County Clerk
and Moore. of Bridgeton, for Sheriff.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23

" I0Ials. p lOl5e - ID
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-09
DAIRY PRODUCTS MARKET.

RJTTEr a. rule 'obhers and dis
.rihr'~rs ~" using storage butter. which
and there has been no change in prices for
Two days. Trading vas not good yester-
Jay. N.a'her has been agains' free move
ment Tn. only chang in quotations vas
an advance Of iac. on No packing stock.
Ladies continued 90 he active and closed hrin.
higher scoring, &c, Nrs's. SIS to al score,
%sH s2o Held extras. % score, 22c; hrsts
222,s.' god % prime 2'a2oc., common %
tstl,. sSH-3c Process. extras. :jis " :5isc.;
t4tion Creamery. hrs,s. 94n roc L,tlas
current make. frsts. c2i. go: scgonds
CHEESE There were more offers yes,er-
Gay man demand. and thc twp TOP gral.s
%S. We're on &C. Al vel cured STATE stock IS
,. "'I @mncFs are rot urfine +, for move
man last wccl ans mackct closed Ia
Mc'NeF r.o,ndin@gn nan = has f7r ,",erai
n"'i specials lee. '~csn epc,,a $. lsi,c,;
.e.'r"d a,'"rorr. far.N ita. Hla. UNDER
" 80; twins ltG ul5t.c. STATE ,ktus
hr.a .p"cie - - Il3'gc. fresh, 1874 ul3a.c.
,osl: s .ary the 70 o s1, 'n''' Fl.
,aI'lr OF ne ..hh"rs 70 get new laid
sian they clean NJ daily. Bcs' stock vas
merry stock advanced -. There was a weak
;e".inc on refrigerator stock At thr Lose
ma y was on &c. 4 fur;hyr drop ON mis-
cy,ras. iid43c. extra nr-,s A. i6t. ar rs,
q T@tr' seconds go r. Scr d'rties. ~. |,
Refrigrra,ors Hrst. charr,s re,g e2iS
&c. seconds, 80. 70 Sc. Penu-ylNania and
nearby h"uo"ry whites. fancy. large. 900
SIC h'nu"ry browns - $50; mixed col
,.d LIVE r!gLTHy, ,n,e q the bls
tag for chi 'kenS and fowls yesterday. AS tho
,.'"1 "p"l't VICE ."| Dol ,'r'-- "a
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-09
TO ATTRACT
5000 BUYERS HERE
sect Together" Meeting Called
by "Made in tho Z. S. A."
Committee.
CONSTLS ASKED TO ATTEND

A definite programme TO induce buyers
from Latin American houses to do their
trading in this city instead OF in Europe
az In bygone years will DO discussed at q
meeting OF tho advisory committee Of the
temporary committee on Made in the
L. $. A." at the City Hall next Tuesday
afternoon at O'Clock. In order that the
discussion may be of the most compre-
hensive character and that experts may
participate in It Joseph Hartigan. Com
missioner Of Weights and Measures and
chairman OF the temporary committee
has Issued invitations TO the Consus in
this city OF all South American and Cen
trial American countries and the heads Of
the Chamber OF Commerce. the Merchants
Association. the New York Board of
Trade and Transportation and kindred
organizations to attend
The members of the advisory COMMITTEES
OF the temporary committee on Made In
the L. ;. ~" are: Darcy O'Connor,
chairman Charles : Sherlock. represen,.
ing the United Cigar stores Company:
A. Roeder. representing the firm that
makes the Tngersol watch; John J. Kuhn
OF DNkn AN, Oe!and q Kuhn. lawyers of
brooklyn, Edward X. Cohn Of the Manu-
featuring jewellers Assoca ion, David
Derrlnger OF the Allentown SILK Company.
i. NJ. Carpenter. secretary of the Per
tuners Association; Miss Reta Reon Mur.
ply, designer OF fashions Charles Thorpe,
editor OF grocery publications. Anthony
j. Brogan. representing the Travellers
Hd0dctnc and other publications. and
John l.. Dudley. Jr., OF 50 William street,
"A capitalist who is interested in insur-
anCe companies.
Commissioner iIartigan received in ono
day THIS week 300 letters OF commenda-
ton aud inquiry concerning the canpai en-
Of the temporary committee
II "a expected that buyers in. great
numbers from tho southern half OF the
continent vii come to this country in
February and March 10 stock up for their
houses. Heretofore. II is said. 5000 have
gone 10 Europe on this annual mission.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-09
BREEN CAPTAIN OF N. Y. A. c.
Nominating Committee selects Him
10 Succeed Paul Pilgrim.

At meeting of the nominating commit
Tee OF the New York Athletic Club held
last night the chief difficulty which had
n be overcome in selecting a ticket for
the coming election was disposed OF With
President William II. Page and most Of
the other ohfccrs favored f6r reelection,
the post remaining TO be filled by AN ac-
ceptable man was that OF captain of the
club Paul Pilgrim, elected last year, had
resigned and his place for the last two or
three months has been filled by George j.
Corbett. a member OF the board OF gov
ernorS. The committee decided on DIT.
John NJ Breen as the actual leader OF the
athletes OF the club for next season.
Or. Breen has been "A member OF the
always has been identified actively with
the athletic interests of the club. He has
been first lieutenant for several years, has
served on the rowing committee and at
the present time is chairman OF the base
bail committee. Added to this Or. Breen
IS one OF the best bowlers In the club and
has followed the track and field work OF
the members with considerable zeal.
The full ticket does not have TO be
posted until December 80, but il was
stated last night that the members expect
10 be able to announce II some time before
that date. Judge Morgan j. O'Brien has
been appointed chairman of the nominal
ing committee, and James Wilson secre-
tary.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-09
GOVERNMENT ORDERS
100000 PAIRS SHOES
Manufacturing Company Re-
ports Big Contract for United
states Army and Navy.

The United states intends that It's
army and navy shall be prepared In 40
far As footwear is concerned lh's was
evidenced yesterday IN prosperity
letter from the Brown Shoe Company or
st Louis. which reported an order from
this Government for 200. 1000 pairs OF
shoes. &. ". brown. president OF the
company, said he believed that the turn
ing point" in business has be- n reached.
we are now making for the United
states army 100000 pairs OF SHOES ana
for the United States navy 100000 pairs
Mr. brown wrot.. I'VE have represen-
tativ.s in CUBA, South America and Mex
leo who are giving us good orders our
seyenty-one men north OF the Mason ana
Dixon line have given us since August !
"A gain in receipt Of orders over the pre-
yious wear Of nearly 10000 Dozen or
over 100000 Tn" mail orders ana
those received from statesmen IN the SoutT
have shown decided Improvement IN the
last three weeks
DANIEL NJ Casey. secretary Of the HAY
crhiil. Mass. Board ~ Trade, wrote
81 have talked with a score of shot
statesmen. and the majority opinion y
u,t Yfter the first % the year business
$ go.uu to experience hig boom, some
s.er, TO r..l that owing 10 the h.eh prices
for commodities the resale cost may be
advanced stocks are depleted III ;,
man, places that the merchants neei a
la, Of -ocis and have got TO have theh
soon They are hopeful for a hls ne"
yo,r. and n great many hav" ieit NAV
tho scarcity OF money has held up DUST
ness and THAT when the Federal reserve
haut.s get swinging In good style ther.
u,,u ,. more money IN circulation ah'
con-. ,,ucut.y better business.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-09
BERLIN EXCHANGE RISE
KEEPS UP;;LOAN QUERIES
German Banks, Seeking Money
Offer to Place Collateral
i'm Switzerland.

Mark exchange kept UP It's advance yes
terday. closing at s25s for checks and
92ia ao2s. for cables. against el& for
checks and 9iTa for cables on Monday.
Sterling exchange was firmer. closing at
ASK for demand and <ssb. for cables.
against 4.s7i. for demand and 4.S7A for
cables the day before. Francs were prac-
tically unchanged at 5i8ia for checks and
5.l2ia for cables
Foreign exchange brokers are still at a
loss to explain fully the continued rise In
exchange on Berlin. II was learned yes
terday that German banks are endeavor-
ing TO borrow money In this country. Let
ters and cable messages are being received
by banking institutions In this country
stating the wish of certain German bank
Ing Institutions to borrow money for six
months at 6 per cent.
The German banks offer TO place high
class German securities In an agreed Swiss
bank as collateral for loans With mark
exchange as low as II was last week the
OFFER OF the German banks constituted a
most attractive speculation. Provided
that the Germans were victorious In the
war their exchange would probably rap
idly return to normal and the profit, con-
siderng tive interest on the loan. would
be a considerable one.
There is belief In some circles that
there Is selling OF German held American
bonds by local institutions in which these
securities were domlciled. II such has
been the case II Is reasonable to believe
the selling Will be increased when the Stock
Exchange reopens on Saturday for freer
trading In stocks The banks holding the
securities naturally would be heavy buy
ers OF exchange against future sales.