The commercial. (Union City, Tenn.) 190?-193?, 1914-10-02
NEWS NOTES.

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the three British cruisers in the North
Sea, 10 which the lives Of sixty officers
and l 400 men were lost, the British
Admiralty apparently attaches the blame
for the loss OF two Of the vessels to the
fact that they went to the assistance OF
the first one hit by the German subma-
rine. Warning is issued at the same
time that the boats must conduct them
selves just as in actual naval engage
ments where disabled vessel is left to
its fate.
Secretary McAdoo's anti-money
boarding campaign was extended when
message was sent to all State Super
intendents OF Banking asking them to
look into matters under their super
vision. The inquiry was put under
way by Senator Lea, who found Ten
nessee unable to float renewal of a
81, 400, 900 loan.
A remarkable nonpartisan appeal OPP
posing the election of Roger Sullivan,
Democrat, and Boies Penrose, Repub-
lican, for the United States Senate, was
issued in Washington. Senators r. l..
Owen, Democrat; G. w. Norris, Repub-
lican, and NJ. E. Clapp, Progressive, are
among the signers.
Secretary Garrison RENTED the fines
OF $500, 900 imposed on the Hamburg
American liners Ypiranga, Bavaria and
DANA for alleged irregularities in their
clearance papers shortly after American
occupation of Vera Cruz.
Secretary Bryan announced that the
Panama Pacific Exposition would not
be postponed and that none Of the for
eign. nations had announced their in
tention Of withdrawing participation on
account of the war.
The Clayton Antitrust Bill and the
war revenue measure remain before
Congress as the two big tasks to be COM
pIeted before adjournment. A bitter
fight is expected in the Senate against
both these measures.
Only four Kentucky banks, none OF
them in Louisville, we're in the list OF
$50 banks holding too great reserve
made public by Secretary McAdoo. A
warning as to excessive interest charges
was given also.
Disregarding the action brought in
the Federal Court by the Marconi Wire
less Company, the Navy Department,
under orders OF President Wilson, closed
the company's plant at Siasconsett,
Mass.
Sixty men from the revenue cutter
Tahomah, which went ashore on the
Aleutian Islands last week, have been
rescued. The two rescue vessels are
looking for twenty other men still miss
ing.
Rumors that lobby has been at work
on the antitrust and rivers and harbors
legislation, have caused Senator Over
man to consider calling together the
Lobby Investigating Committee.
The Federal Reserve Board sent out
a circular to the country's banking CEN
tiers asking the different clearinghouse
associations to subscribe to the $780,
600, 900 gold pool.
That separation OF the Southern d
Central Pacific would cause competition
was the statement made by Judge R. 5.
Lovett, OF the Union Pacific, in the
Governments suit.
The American occupation OF Vera
Cruz has been extended ten days, and
may be prolonged until the internal
differences in Mexico are absolutely set
tied.
American exports to Europe in Au-
gust we're $5S, 800, 619 less than for the
same month year ago, the slump be-
ing attributed to the war.
William StoIl, OF Lexington, was
elected president OF the Kentucky
Bankers Association.