davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-17
Captain and All Commits.
stoned Officers, Except
One, Lost.
TRAWLER SAVES -.
RAFT PICKS Up q
Britain. .AStOunded by Ger
man Daring. Demands
Retaliation.
THESEIS NEARLY HIT
BY ANOTHER TORPEDO
Sister ship Has to Leave
! Stricken Cruiser to Fate
Germans Escape.
7 Ships, 2,l99 Men,
Lost by Great Britain.

III" German policy If "rippling
the British navy 10y submarine at ;
lacks ana floating mines while
keeping the German drcadnoughts
under the guns of Ki"l and Helgo-
Land has cost the British six useful
cruisers and one torpedo gunboat,
with loss Of 2.lSG men
by submarine raids in the North
Sea Gcrmnns sank the following;
The >cout cruiser Pathfinder. with
2iG men. uu September >.
The armore,l cruisers Greasy.
IIoguc AMI Aboul,ir on September
-. with leo men.
TIL" >cou, crui SER Hawke on Oc-
tober II. with ISL men.
German mines in the North Sea
destroyed the light cruiser Ant
phi"n. with 131 men. on August O
and the torpedo gunboat Speedy or
September .. with - men.
The advantage in the naval strus-
gle Is distinctly with the Germans,
although the British have destroyed
or wrecked four German cruisers.
Two torpedo boat destroyers. one
torpedo boat. three submarines
and eight merchant ships armed as
commerce destroyers.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-17
DOESN'T FEAR
STOCK FLOOD FROM ABROAD

VII! ~ little liquidation OF American s..
curities In Nonr market or ia London by
holders OF them abroad None, Is plcntl-
ful and gee LITTLE pr, ssur" 20 sell
I'VE 40 not expect any trouble when
the moratorium ends no said. This is
exactly what va have been preparing
against. The guarantee measures Of The
Go1ernnent win protect those who ara
unable to pay their maturities because
debts due them from Germany. Aus,r,.
and other countries whore IA moratorium
is declared are unpaid. This will he
accomplished by direct loans through the
Bank of England and the joint stock
banks.
The end OF the moratorium will ind
financial conditions almost as before the
war. The accepting houses arc accent.
Ing freely and discounts are being l!berallv
extended"
Sir George emphasized the fact that
post moratorium bills In addition 10 hay-
ing the guarantee OF the Government
back % them will be prior Hens on tho
assets Of the issuing houses and the
great Joint stock banks.
'Will England insist on gold in nav
mont Of American Indebtedness abroad ?''
no was asked,
i would answer that" said Sir George.
"by saying that YOU are not an i'm
pecun.oR nation. but az great nation
OF power and wealth you are iusi as
! anxious 10 pay your debts as We sire 10
| have them paid. Your cotton exports at
this season would IN normal times be the
chief factor Of payment OF the large bal
| anCe against you.
1.-THE cotton situation Is therefore one
Of the important matters | wish to take
| W. We believe that the situation IL nj
most straightened out. opening AT Liver
| pool will await New York and New Or
! leans and we expect their opening very
soon, The price of cotton in speculative
contracts will depend upon the amoun OF
| surplus cotton YOU take up and carry
, over and the natural adjustment OF free
| trading markets"
/ when ,nld that there wns sono criti-
clsm here OF English bankers on the score
of limiting discounts on American bills
especially those OF houses with direct or
indirect German connections, Sir George
said
AN good bills are being freely ac-
copied and will continue TO be"
Sir George said he had never heard
Of the plan for an International clear
Ing house and credit bureau, which II
Was rumorod. he had proposed to ths
United States Treasury and To J, p, Nor
gan ITS all news to me-" he said
81 have 90 specific plan. but am seeking
Information"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-17
ALLIES LINES
NOW EXTEND TO
THE NORTH SEA
FrancO-British Forces Well
Into Bclgium-Ger-
mans Mt Ostpnd.
FRENCH ARMY CLOSE
TO FORTRESS OF METZ
p,c,ai cable Despatch 10 Tnr sr~.


PARIS. oct. l6.--In to-day's news from
the front there are two points OF COM
polling interest. The allies line in Rel
GUM now reaches from Yprcs 10 the
North Sea. thus barring German prog
ress toward Dunkirk and Calais.
In Lorraine French army is almost
within cannon shot Of Metz. an nffens "
movement which might result in cut
ting or the retreat ofNthe German
Crown Prince
Tho government reports, as w'll as
dispatches to the newspapers. show tia
the allies have gone forward in north
ern France and in southwestern Bel
GUM. while the Germans have con
tinued an unopposed advance ~ Ds'end
The German right wing and the allied
left wing now rest upon the seacoast
It Is likely that the allied line now runs
from Newport through DlXmud" tc
Ypres. while Gen. Joffre is steadily
pressing back the Germans in the re-
gion of Lille.
4 report reached this city Tonight
that tho allies have driven tho Germans
from Lille. There Is no confirmation
Of this. however and It is known thai
the Germans had at least one army
corps AT Lille.
II is probable that the force Of Bel
giars and British from pstend ha
been Joined to the allied force whicl
entered Belgium from northern France
Gen. Joffrc is striking vigorously In thi'
district and The fear that the German
might sclz. Dunkirk IS iosscncd,
40 repor: is made ny the Governmen
as to the operations at the hinge Of th'
battle line. near Ruyr and toward Sols
sons. and in the centre from Rheims Il
the Argonne ridge, but there are un
official reports that the allies are max
ing advances.
The fighting at the cNtrem" ea9
takes on new importance with tn
movement toward Metz and the IN
creased French offensive along tn
Mouse. 1t seems that the prossur
against the barrier fortrcsscs has no
only been relieved, but that IN" French
10y striking toward Metz, are threaten
ing anew the safety Of the Grown
/ Princes army in the Argonne forest |
/ tho allied centre can 20 forward Will
tho offensive against Metz gain
ground the Crown Prince may be GU
B of
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-17

Sir George Paish formerly editor -
,rc S,u,,st. ro7. tho Official adviser Of
the British Treasury. arrived on the bal-
tic yesterday ~ the representative OF tine
British Government In an effort IN con-
junction with officials OF the United states
Treasury 10 reach a working solution OF
the financial problems confronting the
world a. the result 81 the war
Sir George conferred almost 'mme-
dlately upon arrival with New York
bankers. including j, y Morgan ana
Clearing House officials,
Secretary OF the Treasury McAdoo ar
rived In New York last might, but did not
confer with SIR George VINO had gone on
TO Washington. Mr.. McAdoo came 10 the
city TO register for the coming election.
rh. most welcome note in the very
optimistic message brought here by Sir
George regarding financial conditions IN
London, In the opinion Of gladdened
stock Exchange and banking community
in Wall Street. was his statement that he
did not believe thcre would be n great
liou!datlon OF American securities In this
market from holders abroad. This, CON
| nected with Sir Georges belief that the
London stock ESCnhhee 10 III lullN pre-
pared condition To reopen within a rea-
sonable time--with an intimation that
this may he around Novemhe- 4. when the
mora torium expires, or before--lent de-
| c!dediy Increased hopefulness in Wall
street that the New York exchange may
| likewise be got under, way IN this period
| A leading International banker here, after
| Sir Georges statement, said that he ex-
pected tho exchange here to open at least
before the beginning of the year
Basil b. Blackett OF the British Treas
ury, who accompanied Sir George, add,
! TO IN. expectation OF an early assumption
of London Stock Exchange activity in tn,
statement that definite steps We're eK
pected TO he taken this week that woult
/ make for an early reopening.
sir George Paish said that the mission
Of himself and his colleague was not e
present any particular plan OF action, bu
to get Information surveying the whole
financial field here and receiving sugges
lions. IL is understood that the REOPEN
ing VI the stock exchanges and a ouicl
clearing up Of the cotton situation ar,
the immediate objects OF the intcrnatona
conference,
81 believe" said Sir George. that ther,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-17
FRENCH TAKE LAIENTIE.
Occupy Important Town on Railroad
Near Frontier.

Ntff1n' HhfF IFhVt'fN 70 NV -NN
PAEIs, oct. lG.--The Government re-
ports to-day were unusually brief. but
no less optimistic than on days when
more detail was furnished. The night
report gave the news of further ad-
vance against the German riGht wing
and Of new position occupied near
Lille The text of the communicate,
which was issued at IL O'Clock, was as
follows:
on our left wing the action has
continued with vigor. We are
holding our ground everywhere. At
certain points We have gained
ground. We have occupied Laven-
tie. east of Estaires. in tho direc-
ton IT Lille.
There Is nothing Of importance
to report on the other parts Of tho
front with the exception of fruit
less attack by the Germans I'm the
region of NalanCOurt. northwest Of
Nerdun.
(Laventie is an important town
about nine miles southwest of
Armentieres on tho railroad from
Armentieres to Berguettc and eight
miles northwest of Bethune)
(NIalancourt. IN the Department
Of the Meuse ia about twelve miles
north of Nerdun)
The report OF the afterHooa stated
that the line OF the allies now rests upon
the North Sea. The communique. Is
sued ut 2:aO r. NJ, was as follows;
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-17
,pecial .oahle nc.pa,cA 10 TIVE srx

LoSuoN, oct. l6.-The British second
class cruiser Hawke was torpedoed by
a German submarine IA the North Sea
yesterday afternoon and sent TO the bot
tom within eight minutes with all but
one of her commissioned officers and
most Of her crew.
Three non commissioned officers and
forty-nine sailors were rescued by
trawlrrs after tho cruiser Theseus, mar
rovly camping torpedo sent az her.
fled in obedience 10 tho Admiralty order
that ships must not he risked by at
tempts 10 save life.
Tine Lieutenant Commander of the
Hawke and twenty sailors were saved
on a raft, according to an announcement
by the Admiralty late Tonight. making
"A total of seventy three rescued
The announcement Ivy the Admiralty
that the Hawke was the latest victim
of tho Stealthy naval strategy Of tho
Germans and that tho Thcscus had
barely escaped the fate Of her scout
companion further alarmed and anSered
disturbed and inCcnsed over the failure
Of the navy to strike AN effective blow.
Fiv" British cruisers have 80 far been
destroyed by the German submarines.
while u cruiser and n torpedo gunboat
have been sunk ny mines, The Ad-
mlralty's statement was as follows:
HIS Majesty ship Theseus. Capt.
Hugh Edwards. was attacked by Q
submarine I'm tho northern waters
II the North Sea yesterday after
/ noon, but was missed, His Majestys
ship Hawke. Capt, VI. +. H. T. Will
Jams. was attacked about the same
time and was sunk.
The following officers with forty
nine mon OF the crew, have been
landed at Aberdeen from a trawler:
/ BoatswaIn sydney Austin. Gunner
James Dennis and Acting Gunner
Harry Evitt. The remaining on
GERS and men are missing.
Further particulars will be pub
lishcd az soon as available The
Hawke was n cruiser built In 1898.
Attack Probably In Pos.
There 's no official information as TO
| the circumstances OF the latest disaster
20 the British navy. II IL to he pre-
sumcd, however, that the German sub
marine. with the holiness which has
characterized the operations Of the
"untersechoot' took advantage of fog
and attacked the scout ships somewhere
of the coast of scotland.
The Hawke which was n useful
armorod cruiser although Of an obso-
Tote type, vas being used together with
vessels Of similar period and model.
for reconnaissance in the North Sea
She carried ordinarily about 54l officer.
aud men, but the unofficial report g
that her complement numbered about
4b0 al the time she was destroyed and
that the loss OF lfo was about 400
There 'p &a~a,, y iorhi the. ever. one
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-17

and London will engage the most sc-t-
ous attention Of sir George and the
representatives Of tho United States
Treasury. The British economist is de-
sirous Of cooperating heartily with the
United States authorities in this matter
While Sir George declined tonight
to discuss the coming conference for
publication II Is known that he will tell
the Treasury officials that In his opinion
There will he no effort on tho part OF
London TO food New York with Amer
lean securities upon the reopening OF
the exchanges. English banks will as
sist in protecting American securities
and ther" will he no calling of loans on
American securities when the mora
forum expires ou November g.
The question of safeguarding Ameri-
| can securities IN the reopc ming Of the
exchanges will be thoroughly discussed
at the conferences. Consideration will
he given TO suggestions as to possible
means by which the United States may
take up q part nj least Of It's securities
| '''" ''''' ~ 'sui'l hhh ldN lNI kHNul
In exports Of grain and other products
which Europe now needs So pressingly.
II will he pointed out that the calling back
Of American securities at the present
low prices Will he decidedly advantage
Gus to the United states. provided safe
guards can be adopted against destruc-
tive depreciation In values The posi-
hilIty Of some arrangement being made
by bankers In this country TO furnish
such safeguards will he discussed.
The question Of Great Rritain's atti-
tudo toward meeting her balances
toward tho United States when tho pen
dulum swings the other way will be
taken up at the conference. 1, was the
understanding here tonight that Great
Britain had no intention OF disoontinu-
ing gold payments and that il the
United States sends gold to London IN
settlement of her balance she will re.
cevc the same treatment when the
| present inde btedncss ~ this country Il
Great Britain il wiped out. Sir George
! paish. il Is said, estimates the Indebted.
ness Of the United STATES to Great Br I.
ain AT the presen, t.mo at from 5000.
600 900 20 $3.50 900 900.
I've British economist and the Treas.
lry officials VIII also take up tho ques.
zion of cotton exports S,r George Paisl
* eager tu have the American eN,
Changes open, hecauae he believes thai
"tlI facilitate the flow u cotton anc
other American products to Great Brit
ain.
The economist. on his arrival her,
, this evening, said that he would hay.
no comment to make for publication
until he had talked with Secretary Me
Aduo on Monday. Sir George was &C
companied by Basil - Blackett, al
! official of the British Treasury. VIII,
| has been sent 10 participate In the con
, f"renrCs with the American officials
/ II IL expected that the English rep
rcsen,atives vii! hold several meeting
s. next week with the Federal Reserv
z Board, as well as with Secretary Nc
< Adoo.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-17
Patsh Conference May End
Oversea Gold Shipments
English Economist Representing Chancellor of Exchequer
Will Take Up With Treasury Officials Prob
lem of Better Means of Exchange
SEES BRITISH AMBASSADOR IN WASHINGTON

wAsHiSoroN, oct 16.-THE SrN IL
able to present details OF tho important
conference on international finance
which Sir George raish. the English
economist and adviser to the British
Chancellor Of the Exchcquer, will hold
here next week with officials of the
Treasury Department. Sir George ar
rived in Washington this evening and
Immediately entered into conference
with sir Cecil Spring Rice. tho British
Ambassador. who has cooperated with
Secretary OF the Treasury McAdoo In
bringing about this meeting between
Treasury representatives Of the two
countries.
Sir George has como 20 his country
with no definite plans or proposals. He
intends 70 meet Secretary McAdoo and
the members Of the Federal Reserve
Board In spirit OF hearty cooperation
to bring about action by both Govern
! ments which will help to clear away for
egn exchange difficulties and restore
commerce to conditions as nearly nor.
mai as possible.
The English economist has some idea,
| which he will Icy before the American
| Treasury officials and the latter are
prepared also to make suggestions ant
between the two they hope To evolve
| In tho near future a programme which
will be OF immediate and lasting benef
| 10 both nations.
The chief subject 20 he discussed IL
the conferences will he tho question o
International exchange. The possibility
of devisng some method which will d.
away with the necessity Of oversees
shipments OF gold will be seriously dis
cussed. While no specific plan has yc
been perfected It is known tina, tn,
ing international credits through III,
( transfer Of securities instead OF goI,
will ne discussed.
The possibility ~ eftectine some sucl
plan through the cooperation Of banker,
on both sides OF the Atlantic will be con
sidered. For instance. som" arrange
ment might he perfected through whic!
English bankers in the event OF tho bal
ance of trade being against she Jnits'
States would give the credit on thei
books to the English creditors ~ III
United States and then would accep
securities Of high class instead Of goi'
In settlement with the United States
This would Involve merely n credl
transaction by tho English banks an
would not deple;e their resources.
The same process. II will he surgeste'
would follow when the shoe was on IN
other foot and the balance of trade stoo
against Great Britain. with the adde
advantage that Americans might ca
back their own securities.
There Is no Intention 70 indicate
This despatch that the above plan wi
be put forward az an absolute propose
but il can be said definitely that II wi
, be discussed in the conference.
Next To the subject OF foreign ~
Z change the question of the reopenin
: of tho stock exchanges in New for
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-17
WOULD SILENCE GUNS
ON CHRISTMAS DAY
London Hears of American Plan
to Propose \rmisticc Of
One Day.
RABBI MENDES Is SPONSOR
.n...a. ,,Ai. n..pntcA % rnr e.v


LoHuoS, oct i6-The Daily Mott has
received despatch from It's correspond
ont IN New York saying thrt leadius
clcr'cnls aud educators there nave und'r
discussion a movement 70 have the war
ring powers agree to an aroIistca on
Christmas Day. BIshop David ii. ir"'r.
Cardinal Farlcy, Rabbi H. T. Mendcs o;
the Jewish Synagogue Ia New York and
President Nicholas Murray Butler Of Col
umb.a University are mentioned as in
trlcs.ed.
The correspondent ot the London Ddily
Mott iu New York said YESTERDAY
This movement is IN It's infancy, but
IL has already enlisted the SYM
pathjcs OF such distinguished leaders
of thclr cre"ds a. Cardinal FARLEY.
bishop David II. Cree Of the Episcopal
dioces" of New York and Rabbi
H. Perics Mondts OF the jewish SEna-
gogue Tho movement also * understood
To- have the sympathy aud support of such
eminent educators as president Nicholas
Murray Rutl"- of Columbia University
THE large movement looking TO a
permanent cessation Of hostlities is at
present suhordinatcd apparently to the
moS emont for an armstice on Christmas
Day Bishop Greer said that while no
ieullltt hClloh mas AZ W '''l N"N''' w
the proposal. which had originated with
Rabbi Mendos. Il was proper to say that
the suggestion for a christmas arnlstl'e
had already received IN" enthusiastic sup
port OF prominent members OF the cath
ole and Episcopal chur'h"S ana OF 'n',
JoWish sNnagoguos' RiShpp Greer N"'u
that detai's q! IN" p'iih were SUI I" nt
worked out "nt thLt prooan'y' u III.
movement met with tho expected support
OF an creens ana oeh",'''''l' '''c ~
posaI tor thr.s,n'aS a'' ,,.',l N"u Wv,
D" nauo lhIousn rt'S S,,,, m',,''i Ia
Sla,e d. W., sS,.a,,od ., /,
-, a., 1o,au =, 10 nrascr,ad "a ,he
TmoIth Nv '''''' w
49, .o,,,,,,. O., al ,no ,,,,-o 20.
a., ~ ,ho ,do, nf ohscrving
mn n'"'o :" s''"' ~, a,,o,',, ta a.,
w ""N u. p ui,u ~ a. e., ra%hi
conn, as app ,'o, e..
- a,,,,,o.a ~ nm cfrort nv All no.
larger PurpTse ~. .',,,',,
Hs'o'S riu' a." $50 N,o,d.s ,cot,.aL
p - - -, ,,h;ch ,no rohh
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-17
HEAR OF BIG OFFER TO ITALY
sp,cial cas,e pcspotch TO Tur srs

LoNDoN, oct 1.-THE Daily Tclc-
graphs correspondent at Stockholm
records under reserve a diplomatic
report that Austria has agreed to cedc
the Trentino TO Italy and permit the
Italian occupation OF Valona IN AZ
change for a definite guarantee that
Italy VIII not abandon her neutrality,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-17
is MILES FROM DUNKIEK
Germans Reach Newport and Battle
Is Reported There.
specia, cab'c Despatch 70 Tnr srS.

LoNpoN, oct. ia correspondent OF
The Dailp Chronicle, te,cGt phing under
the date France. October L." says;
There was desperate lighting yester-
day and to-day in the region of Ypres
and Courtrai. whore the Germans in
Belgium are trying to make a junction
with the main army, Several attacks
by the enemy have been repulscd with
severe LOSSES. 4 large number Of pr!s-
oners we're taken at Ypres including two
Continued on Second PAGE
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-17
ANOTHER TAUBE NEAR PARIS.
sp.cia, cab,, Despatch 10 rnr svs.

PANS. oct. IA German Tauhe
neroplane beaded for Paris yesterday
afternoon. It was seen from n distance
and two OF the fastest French mono
planes raced low over the city to meet
the Taube. The German machine fed
10 the northeast. e
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-17
EX.MPRET GOES TO THE FRONT
Prince " ii.iam Of wied Vow with
German General star.

PAWS, oct. l6.-The Rome CORE
.'r' 80 the Echo de- Paris says
''' irrce William of WED has been
operated IN tho German General
sam as u a.Gjor and already has gone
~ N4e front a9ain!r, the French.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-17

I'M Sun prints this morning as .
separate section Its annual fall hook
number. devoted To r-,i-ws aud an-
""nn'"mrn;s ~ new pub,icat ions and 10
special articles on iiterar, matters by
ven known writer's.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-17
Treasury Omc,aIs Divided,

There was a division OF opinion among
treasury officials in regard TO this regu-
on and the matter was under con-
'.lvit.or. specially since the slump in
American security values as result of
20 war
One Wash uston banker said that IL
,0c GoyerNner, allowed deductions for
o's", actually sustained through security
a,p-c alton the total yield Of the income
IAN would be materially reduced for the
or"s'0' year Tho Government, II WAS
aided rpu!d ~ afford to lose any revenue
rom the source when it was now under
necessity OF imposing a war revenue
The !r-pm" tax regulation hinges on
'-" statement In the law that losses In
"Irr~d 'in trade may be deducted, The
Treasury department officials havo given
narrow Interpretation to the words I'm
r'de The regulation on this subject
I'D;
'rN hose losses are deductlble which
e-' sustained during the tax year IN
r'de, that t., the business which engages
~. .nc, attention and labor OF any one
'-' .f lI' puSt 81 llNtllUOOus pTOlll VI
Improvement.
Is'ss 90 be deductible must be an alb
'"'." loss, not a speculative or fuctuat'
= EQUATION of continuing investment
oi' must b" an actual loss actually sus'
'".r't aud sscertained by the tax veal
To- "'.0 tI" deduction is sought to b.
mad" n must be incurred In trade snc
800 determined and ascerta!ncd upon al
s"'I'. a completed. a closed transaction
I~asaS sustained by individuals Of
.H.p'.t'ons from tho sale or dealings n
F.''0h or real property growing out %
'NN' alp Or use OF or intercst In sucl
r'"3' ~ VIII not os deductibie at al
u '.s hey are an Incident OF, connected
'''d and growth out Of the business o
me nliNiuual or corporations sustainin,
'r loss and are ascertalHed. determined
'ho hN'd as abso.ute "a the bove sens
A''.N the taxable year In which the de
o'''"n IS sought to be made