davidaulloa/AmericanStories huggingface dataset:
Sequachee Valley news. (Sequachee [Sequatchie], Tenn.) 1896-1952, 1914-11-05
WhitWeII Vote

Whitwell, Nov. 4. -Whitwell with
three outside precincts, Mt Olive,
Shirleyton and Looney's Greek, gave
Hooper ITO, Rye 1860; Dykes 157, Will
son 1911.
Sequachee Valley news. (Sequachee [Sequatchie], Tenn.) 1896-1952, 1914-11-05
ShirIeyton Vote.

Shirleyton, Nov. 4.-The vote here
was: Hooper 10, Rye 80; Wilson A,
Dykes 8, Barber !.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-15

The total receipts for duties AZ &c
custom House Yesterday were S3SS.2Is. o..
OF which s203.5li 60 was for nlercL.l,dia.
withdrawn from bonded warehouse. ,ud
SlS4.si3.6O Tor recent mportatious
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-15

on, the exchange itself the day was a
repetition OF Saturday. Everything pointed
to strong rebound from the depression
or the last few months. There was full
attendance of brokers on the floor and a
large number Of visitors were in the gall
eries TO witness the second day OF re-
opening. The commission houses were
also well filed with customers.
Prices advanced vigorously on an ex-
banding volume of business Experts re-
ported that the public was hungry for
stocks and II was evident that the specu-
lative impulse IN the Street had been
stimulated by the big advances made after
the long period Of enforced idleness.
There was some dribbling liquidation
FOR foreign account. but this hardly made
any impression upon prices In view OF the
strength of the demand. The violence of
the advances made suggested hurried
scramble OF short interest The sudden
turn OF events and the strength revealed
by the stock market position gave spec,i-
lators on this side OF tho market no chance
at all. They found themselves locked in
and had TO cover when their ma rgins be-
came exhausted. The stock market opened
| In fact with "A veritable slaughter OF the
bears"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-15
VOICES PLANT OF
THE COUNTRY BANK.
President of New Castle. Pa. IN
stitutiOn Finds Fault With
Reserve system.
DISCOUNT LOSSES FEARED

The first strong note OF diss abstraction
with the working and the constitution Of
the Federal reserve system expressed ny
a national banker since the system went
into operation is published in the current
issue of the journal Of the American
Bankers Association. in an article on
The Non Borrowing Country Bank" by
David jameson, president OF the Citizens
National Bank of New Castle Pa.
III the public wants an elastic cur
rency." he says. the public ought to
have an elastic currency. But IL there
any reason why the public can't have il
without bleeding the country bank so
numerically?
"Our bank is typical. There are thou
sands of country banks like It. l have
talked 10 officers from quite a number
of banks like ours. They think the Fed
eral bank scheme deals harshly with them,
so harshly that they Will try 70 md re-
lief in some of the ways open to them
Mr. Jameson points out that the prin-
cipal supposed benefits of the reserve
system TO the country banks, namely,
the reduction of reserves and the priv
ilege' TO rediscount paper of Kind which
we do not own, to meet an emergency
which has never arisen" are of no ad-
vantage to the country bank, the redis-
count features being positive disad-
vantage.
ITO us the privilege TO borrow or redis-
count does not look like q benefit" he
says. what we need most OF the time Ia
discounts, not rediscounts, Our problem
is to get paper for our money. not money
for our paper
Instead OF helping us 10 solve the Prob
lem the reserve banks complicate It, They
compete with us for much OF the paper
we have heretofore obtained. In the past
our best sources Of paper have been our
city correspondents. who might have had
more than they needed. In tho future In
stead of sending that paper 70 us the city
bank. which In no longer bidding for our
reserve account will send Il TO the re-
gIonal bank for rediscount, The regional
bank will rediscount It with our money"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-15
LENS GLASS MAKING
NEW INDUSTRY HERE
Americans Succeed i'm Manufac-
turing all Material for Op-
teal Purposes.
WAR CAUSES BIG DEMAND

Americans have succeeded in making
optical glass and thus starting a new
branch OF industry as resul. OF the
war In Europe Within tho las Few
days optical Instruments made entirelv
in this country, even 10 the high grade
glass or large lenses and prisms have ap-
pear"d in the market The glass Is made
in ftttsburg and other cities of Penn
sylvania. and the materials are Aner,-
can sand. limestone soda and other chem
icals.
Ihls success or the glassmakcrs will aid
the opticians in meeting tn" greatest de
inand In the worlds history for optical
instruments, This unprecedented demand
is due TO the increased use OF these in
struments in warfare.
One Arm in Maiden lane reports that
II received an order for 10000 pairs
of field glasses and was able 10 fur
nish only 100. 1t is said that 500. 900
telescopes and field glasses are needed
by the British and French armies and
that the facilities for producing them in
Europe are altogether inadequate
Periscopes are also in greater demand
than ever before and are being turned
out as rapidly as possible in this coun-
try. Formerly they were used only for
submarines, but IN this war they are
employed In the trenches, Many lives
have been lost because the soldiers In
the trenches raised their heads TO get
a better view
A cheaper instrument called a supra
scope In also being made in this coun-
try for the same purpose, 1t is similar
10 toy that enables u person stand
ing in n crowd TO look over the heads
OF those around him. Range finders
and mirrors for searchlights also are be-
,pp mazda I'm large numbers
When the war began the manufacture
ing and Wholesale opticians We're worried
because all the rough glass Of which
eyeglass lenses are made came from Eu-
rope. and most OF It from Germany. AZ
about 10000. 900 persons In this country
wear eyeglasses and spectncies II takes
an enormous quantity Of glass to supply
the lenses,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-15
USING POINT DEFIANCE TUNNEL
Northern Pacific Railroad Opens
New Tacoma Line.

Announcement was made yesterday that
the Northern Pacific Railroad Company
had opened to traffic its new Point De
fance line at Tacoma. The work includes
a low grade double track line from
Tacoma to Tennno, Wash, and tunnel
under Point Defiance. Tacoma, 1000 feet
in length. All OF the work is OF concrete.
The new line is for fact heavy tratiic and
will be used jointly 10y the Northern Pa
cifc and the Oregon Washington Railroad
and Navigation Company.
The Northern Pacific has recently
placed an order for about 100 steel cars
OF different types which will cost prac-
tically $1,000 600. The cars are TO be de-
livered in time 10 care for the increased
traffic which is expected IN connection
with the Panama Pacific Exposition.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-15
LAWYERS GET CLAFLIN DECREE
Probably VIII he Presented 70 Court
This week.

Copies OF the proposed decree or eale
Of the ". II. Claflln Company are IN tne
hands of Charles T.. Rushmore or hush-
more, Bsbee & Stern. counsel for the re-
ceivers; George y. Case Of White Ease
counsel for the notehoders' comnlttee'
and Wilbur p Ball of Rosenberg. Lewis
& Ball. counsel for the general creditors
committee II was said yesterday mat
the document would he ready for preseh-
tation 10 the court this week.
The notcholders' committee is haVlns
difficulty tracing about 100000 OF Ine
$3.50. 600 notes indorsed by the Ciaiiln
company which are still outstanding III
is expected that the committee will he
unable to gather in the 100000 notes as
they have probably been reeold by inc
original purchasers. Nearly 5000 holders
of claims against the Clafln retail stores
have assented to the settlement on the
terms OF the reorganization.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-15
LONG BRANCH CALLED
TO HELP SEABRIGHT
Mayor Asks Citizens to Attend
Trenton Conference on
storm Peril.

..>G BRANCH. y, j.. Dec. l4-Mayor
O.. a'' T.. Newcomb issued a call to-day
2 't" citizens Of Long Branch to aid the
?" ule living along the Jersey shore. espe-
c Ills t1os" Of Seabrght, who has suf-
f"-'t great losses from storms In the past
'wo or three winters. The Mayor. in al
''0 l"'trr, said:
'W Wednesday morning next, Decem-
h &c., g J." so, conference will be held
'.. assembly Chamber. State House.
'Dn for the purpose of considering
v-... ont conditions along the New Jer-
~ 1852, with tie purpose in view OF oh
ns stat" and Federal assistance
t 81 future storm perils
Iu conference is called by the New
~ state Chamber Of Commerce at
-up'-t of officials of municipalities
1", 'Or coast to cooperate with Gov.
'A'""- t. Fielder with a view of planning
'' ~ rs q protection Of property,
&c Footed states army engineers in
q - Federal improvements tho New
't - AJ'hor Commission, whose duty il
IA municipalities to improve and
o. '.'a th"ir waterways, the municipal
.' ,t. OF al tho coast resorts Congress
.- state senators and Assembymen.
'.-u whom Federal and state legisla-
' irlGt no sought have been called 10
Wootug
A... ~ a matter OF vital importance 10
81 ""'s' rs ~ the city OF Long Branch
would gCspcctfully request your CO.
n is desired THAT as many at
'r" Is possible attend this con-
.'y officials Of Long Branch will
". Tho d .o5 \ NJ train on Wednes-
.'' .'l A .- hoped that a large d,lpgt-
'u tins city viii accompany them
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-15

st,75O,OOO MORE IN
COTTON FOR GERMANY
Two Big ships Chartered and
start Loading at South
crn Ports.
+. S. SHARES IN WAR RISK

Sbipruents OF cotton to Germany are In
c,o,siug in volume and 1t was estimated
yesterday that by the end OF this month
Germany will have received a total OF
go Gao bales. Direct shipments began
onlv few weeks ago. but indirect ship
neuts have been going through Rotterdam
erd other Holland ports and through
Swedish and italian ports.
II was learned yesterday that the two
largest ships that have yet been char
tered for this German cotton trade are
now being loaded nj Southern ports for
Bremen and Rotterdam These are the
Nchraskau. one of the feet OF the Ameri-
ran.Havaiian Line. and the Medina. a
Mallory Line steamer, which is 1914
.n'n and has been in the coas; trade.
Tho Nebraskan is loading at Galveston
TO- Bremen and will leave about Deem
her 30 with 1000 bales OF cotton. The
Medina. loading at Savannah for Rotter-
dam. will leave probably on Christmas
nav with a cargo OF $4,000 bales.
Tho total value Of the cotton. Plus
charges. is $50 a bale. making the two
cargoes worth sl,750.000. The ships are
rated at $1,000. 900. and the insurance to
he covered is therefore S3,250.0O0. All
NJ the war insurance on the Nebraskan has
heen covered by the Government agency.
while Of the sl.75o.000 approximate insur-
suee on the Medina the Government has
taken 100000.
" the present rate of exporting OF cot
ton to Germany II was estimated yester-
DAY that by the end of year the total
shipments will be about 100000 bales
-'hiS is an encouraging quantity. consider
ing the great difficulties in tho way OF
transportation. although small Quantity
pnen compared with the exports OF more
than 3 100000 bales 10 &c many in normal
years.
There is much hone among shipping
men and others interested in the extension
~ these German exports OF being able &c
secure shortly a number of neutral vessels
for the trade in addition 70 the American
holts The rates for chartering steamers
70 this work. as reflected In the rates Tor
space charged on the cotton transported
are very attractive to ship operators de
spite the large element of risk
The chief difficulty in the way is that Of
getting marine insurance This obstacle
is being worked an in efforts to persuade
the Government war risk insurance bu
'eau to take straight marine insurance or
these shipments as well "a the war risk.
The demand for ships 70 carry to Ger
many the enormous quantity or cottor
'hat country is looking for Is being &C
lively reflected in the efforts Of ship opera
tors To- have steamers engaged in th'
coastwlse trade permitted bv the insur
auce underwriters TO enter the cross At
lantic service. The lack OF ships. how
ever. l. much less deterrent factor thar
the lack Of marine insurance TO cover cot
ton AMI ships going TO Germany
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-15
POST OFFICE SALARIES
IN JERSEY TO Be CUT
Pennsylvania and Delaware Will
Also Suffer Democratic
SlaShcs.

WASHINGTON. Dec. II. 49, Salarie. OF
fehnsyivania- New Jersey and Delaware
postmasters are to be Topped right and
left.
Some postmasters now receiving $4,000
annually will be cut to $4,000 and others
to $4,000. $4,000 and $500 A small
percentage stay nj $4,000 and few are
advanced in $500 amougs to $4,000
Sweeping reductions are to be made in
the salaries In second class post offices,
some postnasters in those offices receiving
saIdfies ranging In 500 amounts from
$4,000 to $1,000 based on office recelpts
The salaries of the postnasters in pbila.
delphia and Pittshurg will not be changed.
But In Wilkesbarre. Scranton, Williams
port Harrisburg and Lancaster there will
probably he slight reductions
Those affected in New Jersey are:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-15
FIGHT TO AIR VIEWS
ON FREE MARKETS
Both Sides in Scramble to Speak
at Final Aldermanic
Hearing.
PRIEST DEFENDS IDEA

Arguments for and against the PROPOSE
ton to legulize the free open markets
esta blished by Borough President Marks
at the Fort Lee Ferry and the Queens
boro and the Harlem bridges continued
for 1--WE hours and forty minutes yesterday
at the final public hearing before the
Markets Committee Of the Board OF Alder
men. Most OF the time Alderman Pouker
chairman OF the committee, had his hands
full to prevent two or more men and
women from speaking at once.
Much feeling was developed on both
sides, retail storekeepers insisting that the
advocates Of the markets were not pre-.
senting facts, especially as to the qualit,
of the goods sold in them. while the advo.
Gates OF the scheme maintained that the
markets were a blessing to rich and poor
alike.
The Rev James W. Power. pastor o
All Saints Roman Catholic Church. 1911
street and Madison avenue. got a grip or
the great crowd that filled tho alderman mi,
chamber when he said THAT market
The referred to the ono under the Harlem
Bridget has been the greatest boon to tn,
people OF my parish | have known IL
forty years"
Joseph i. Day, tne real estate man
spoke in favor OF the Equalization OF Tn,
markets. He said they attracted othe,
businesses near the markets. which wa.
good for real estate. Prof. John d
Clark OF Columbia University said tina
II was tho natural right of tl~ peopl.
70 get prices cheaper In the markets
by reason OF their services in carryinI
their purchases home. and contendet
that the reduction Of the cost OF Twin,
| is equivalent TO an Increase OF each man.
pay.
IL A. Emerson OF the Lave Poultry Auc
ton Company said that on Saturday las
not less than 100000 was taken in 70
foodstufrs AZ the Oueensburo Market. an,
hc was sure that II purchases had beef
made at reta4 stores il would lav,
cos: The consumers 10 per cent. more
Mrs A. :. Ellison. hnarcbl secrc,
tary OF the Real Estate owners Pro
te'tive Association. said she source o
supply OF the goods sold In n" market
should he investigated She question:,
their purity ami declared the market
didn'; help the woman who was {,
need.
Jacob Bourne presented petitions s,gn,,
by 10000 pcop," a-isng that the eas
Harlem free marke, We declared publi
| market.
EN-Aldsrmar 1osnph S,'hloSs repreScn'
the West side branch OF tie Naste
Butchers Association spoke In stroul
terms against the markets and said n,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-15
NEW HAVEN CLOSES ITS SHOPS
Thousands of Men Thrown out of
work in New England

BosToN. De-" l4.--As "A measure of
economy the New Haven railroad this
morning CLOSED practically all It's re-
pAr shops These shops are at RoN-
bury and ReadNillr Mass Valley Fail.
H. /. Fast Hartford and New Haven.
Conn only enough mon were kept on duty
at The shops 10 attend - the MINOR re-
pairs All the others were Informed that
they will not b. needed for thrc. weeks.
the p,'u being to reopen ON January I.
AZ Rddy.le alone. which Is nov the
compau,s main repair shop. there were
$500 Tcn Practically al Of th.n are
now Idle
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-15
NATIONAL BANKS GAIN IN CASH
The, show Decrease. However.
in Deposits.

NAsUINGruN, Dec. l4.-Substan;ial
elus by the NATIONAL banks OF the cOun-
try 90 cash, but losses in deposits since
september. are shown in statement of
the call Of October 81 made public by the
Comptroller of the currency to-day,
Tie statement shows a gain Of SELL
N6.o26 in cash and a decrease Of $780,
1862 in individual deposits The New
York banks did not participate in the
decrease OF deposits, but reported gains
n both cash and deposits
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-15

real facts had becn advanced that
would warrant the Aldermen in legally
establishing tho markets.
President Marks said that as the mar
ket places are not protected from the
elements he believed that only a nominal
fee should be exacted from the stand
holders. wfiie urging their lsgaiizaion
now ho said he didn't believe fees should
be charged until the marker spaces are
made decently tenable and these times OF
depression and unemployment are over
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-15
Exchange Lets Doom Bars
to Entire List TODAY
New Rush to Buy and Steadily Rising Market Bring eci-
sion to Permit Trading in All StOcks-OrderS
Swamp Clearing House.


The Stock Exchange authorities yes
terday decided to resume trading in all
listed stocks beginning this morning. This
action removes all barriers against free
and open trading with the exception that
the minimum prices heretofore established
will stand for the present.
1t Is also understood that measures will
be taken to dissolve the special committee
OF FIVE which has had charge of Stock
Exchange affairs since the exchange was
closed last July. A special meeting or
the governors OF the exchange has been
called for :l5 +. NJ to-day, at which
ouch action Is looked for, as. with BUSH
ness resumed in normal way. the work
of the committee Is accomplished.
When the stock market was re-
opened last Saturday large number or
issues. including the most important
peculative favorites. were held back, deal
ings in them being continued under the
supervision of the Clearing House. This
was done as a matter of precaution. But
the overwhelming success OF the expert
ment on Saturday and another extraor-
binary advance in prices yesterday made
it clear that free and open trading could
be extended TO tho whole list without
danger.
II is expected. however. that the mini
mum prices will stand until 1t is proved
beyond any doubt that nothing is TO be
feared from foreign selling.
stimulating Eject Seen.
Intense interest was taken in the re-
moval OF the final restrictions against
free trading. Tho admission Of all stocks
to the floor and especially the most ac-
tive speculative issues like Steel common
and Union Pacific is expected 10 have a
most stimulating effect upon business. The
dissolution OF the committee OF five IL
/ also expected TO have an equally good
effect upon sentiment both in Wall Street
and elsewhere. since II will Indicate that
conditions have now reached the point
where special supervision is no lonser
I needed.
Yesterdays acton Of the exchange au-
thorities was made pussibl, by another
extraordinary buying movement of even
! greater violence and breadth than that
which was witnessed on Saturday. In a
way the increase In business simply forced
the abandonment of the cramped style OF
doing business partly on the floor and
partly through the Clearing House Be
] fore noon the Clearing House was
swamped with orders. The clerical force
could not handle them. The total was
$1,000 shares, the biggest days business
done so far.
| The conditions that prevailed made II
impracticable 10 continue doing business in
/ that way. The same scarcity of offerings
was witnessed as in the case OF the stocks
dealt in openly on the floor At one time
the quotation on Great Northern preferred
/ was ia bid and l29 asked. Southern
Pacific was s57s bid and 9S asked and
Union Pacific was 100 bid and 1926 asked
The closing quotation on New York Cen
trail was siia bid and 95ia asked The
| nigh price OF tho day for Steel was So
southern Pacific ssh. New York Central
sly, Great Northern preferred III and
/ Union Pacific 122ia.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-15
LONDON OPENING SOON.
Success In New York Forecasts RE
sumption by January 4.

LONDON. Dec 1.-THE success of the
resumption OF official dealings in Wall
street. coupled with a favorable lnterpre-
tation OF the war situation. again In
duces the belief in many quarters that the
reopening of the London Stock Exchange
may be expected on January I. II il said
that an agreement to that effect has been
reached Professionally by the exchange
committee and bapiers. with the scqui-
escence OF the Treasury
The feature ~ to-day's unofficial trad
ing in Throgmorton street was the
strength Of American securities. notably
~. Paul. Atchison. Reading. Erie Union
Pacific and Southern Pacific.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-15
ENGLAND Buys s7S.OoO In Gold.

LONDON. Dec 1.-The Bank Of Eng
land bought to-day 10000 s7J.oOOD in
bar gold.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-12-15
QUIET DAY ON PARIS BOURSE
Three Per Cent. Rcnte. Make slight
Decline.

PARIS, Dec. 14.--Quiet prevailed on .he
Bouise to-day. Three per cent. rsn;es
fell of 10 Il francs A. centi,nes Sl4.3o)
fo- cash. as compared with - francs
tsl4s0) on Saturday. Exchange on Lon
don vas quoted NJ 20 frarrs 10 centirnos
s5.o3D.
The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1914-01-22
Sheldon Notes

Sheldon, N. D., Jan. 19.-To The For
up: The funeral of Comrade M. J..
PREGNANT n of the old pioneers, and
a most respected citizen occurred last
Monday at Sheldon, services by Rev.
R. c: Crouch, pastor of the Presbyter-
ian church of which the deceased was
a member. Maitland J. Freeman was
born April 81, in New York state n
died an. 10, at Sheldon, of heart fail
ure, aged rs years, eight months and
seven days. He leave to mourn his
death his wife, seven children, all mar
ried, only one, Mrs. Louis Howell, re-
siding here.
Alice Ellefson of Owego, age twelve
years, who has been critically i'll for
about three weeks, is reported better
and hopes are entertained for her re-
covery.
Miss Alice Rhinehart and Arthur
Stienhaus of Max, this state, were mar
ried at the home of the bride, last
Wednesday. Miss Rhinehart was one
of Ransom county's most popular
young ladies and a host of friends,
both young and old, join in wishing
her a long life filed with happiness.
Miss Maud Manning of Brainerd,
Mimi, is visiting friends prior to go
ing to Florida, where she Joined her
mother, who went there before Christ
mas to spend the winter.
Married at the Catholic church last
Thursday morning, Miss Mary Boyle
and Chas. Jones Of Regent, N. D.
Miss Jennie Norris was the recipient
of a very pleasant surprise party last
Friday at her home, north Of Sheldon.
Cor. S.