davidaulloa/AmericanStories huggingface dataset:
Evening star., 1915-11-25
CONTROL Of TRADE
|NSOUTH AMERICA
E
William H. Lough Says Re.
serve Act Gives New York.
Financial Monopoly.
FIVE BRANCHES THERE
OF NATIONAL CITY BANK
Washington Institution Doing Busi-
ness in Panama, Without Direct
South American Connection.

Financial monopoly Of South Ameri-
can trade has been bestowed on New
York city by the federal reserve act,
according to William H. Lough, a finan-
cial expert OF the Department Of CON-
merce, who has just completed q study
of the South American financial situa-
ton. He also says that the statement
might also be applied to all foreign
trade financing.
The expectation Of the foreign fnan-
cial journals. as expressed following
the passage of the fedora reserve act,
that their banks would be met with
vigorous and effective competition has
been only in part fulfilled. Calling at
tention to the provision of the act that
banking association possessing cap
for permission to establish branches In
foreign countries to develop foreign
trade, Mr.. Lough says that I'm accord
ance with this provision the National
City Bank of New York has opened It's
five branches in South America, and the
Commercial National Bank of Washing
ton. D. c., has opened branches in
Panama City and in Cristobal, Canal
Zone. The move on the part of the
last-named bank, it may be presumed.
Americans resident in the Canal Zone.
At any rate, 1t has no direct connection
with South American trade. So far as
is known, no action by other national
banks has been taken or is contem-
plated"
Submits Tables Showing Results.
After giving tables to show the pre-
dominance Of New York in the foreign
trade, he says that the figures even
do not show New York's fufl advan-
tase, for much Of the traffic through
other ports is spasmodic or one-sided.
"If it were possible" he continues.
"for banks in other producing or snip
ping centers to establish their own
branches or agencies In New York, the
case would be different. Or II they
were permitted in some manner TO
combine their strength and faciiitiss
for financing foreign trade, again the
case would be different. But we have
no branch bank system and the pres
ent law provides only for separate &C
tion by each bank.
Even under these conditions there
may in time be an exceptional in
stance here and there of some bank
outside of New York being able to es-
tablish one or two isolated branches
for the sake of local business at those
branches. 1t seems certain. however.
that serious efforts to finance South
American trade cannot be profitably
banks AS one prominent banker ex-
pressed it, for an interior bank work
ing alone to establish its own foreign
branches would be not banking, but
adventure
yet several of the banks in Boston,
Philadelphia. Baltimore. Cleveland. Buf-
falo, Detroit, Chicago, Minneapolis. st.
Louis, New Orleans. Portland, San
Francisco and other cities have a nu-
merous clientele of manufacturers who
intend to develop their foreign busi-
ness and who need the best banking
service they can get. These customers
are bringing pressure to bear for bet
ter credit information and for more
financial assistance.
Evening star., 1915-11-25
Third Suggestion Approved.

The weight Of well informed opinion,
he says. as far as the writer Of the re-
port can Judge. Is in favor Of the third
Of the above suggestions, as it's adop-
ton would bring this country in line
with foreign practice in respect to
Bankers Of the United states now
have a chance to do in five years what
in other times would take them fifteen
years. However. the investigator says
II would be wrong to say that the Brit
ish and German banks are crippled by
th~ war, because they are not; but
without exagseration 1t may safely be
| said that these banks will not continue
to expand and to take on fresh prof.
ects with the same vigor as before the
war"
However, to offset the opportunities
for expansion in South America there
are exceptional difficulties. according to
the report. probably the most impor-
tant Of which 10 lack Of experience in
this Held.
The report suggests the west coast ~
the most promising for UHite6 States
banks.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-05
Turkey May Lose
Friendship of u. S.
Relations Bctwcen Countries
Threatened by Reports OF
armenian atrocities.

WASHINGTON, October 4-Ambas-
sador Morgenthau. at Constantinople.
was instructed by cable to-day to In
form the Turkish Minister Of Foreign
Affairs that public sentiment in the
United States was so stirred by the re-
ports of the Armenian atrocities that
unless the massacres censed friendly
relations between the American people
and the people of Turkey would be
threatened.
officials made IT clear that. this mes
sage. though it's Importance was by no
means minimizcd. did not threaten "A
break in diplomatic relations.
Turkey already has let il be known
that she will not permit interference
by any foreign power with her So
called Armenian policy" AS Ameri-
can life or property has not been af-
fectcd. the United States government.
merely informs Turkey of the effect
continued Armenian atrocities would
have upon the American people
Secretary Lansing said to-day that
no representation had been made to
Germany regarding the treatment of
the Armcnians by the Turks IL was
learned, however. that Ambassador
Morgenthau had reported that the Ger
man embassy at Constantinople had
h!cd protest on this subject with the
Turkish Foreign ONCE. An announce
mcnt some time ago stated that the
State Department had asked Count Won
bernstorn. the German amba ssador
here. to bring the matter to the at
tention of his Foreign Office
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-05
DEATH TOLL NOW STANDS
At 1858 ON GULF COAST
Fresh Water, Food and Clothing
Forwarded Into Stricken
Districts.
MANY STILL UNACCoUNTED FOR
Damage TO Levee System, 1t Is Esti-
mated, Will Exceed S1,O00,OO0.
Mayor Of New Orleans Asks Coun-
ell for Emergency Appropriation.

NEW ORLEANS. October t-Wit
thirty residents Of New Platform pre-
vously reported dead. accounted for.
the total known and reported dead
along the Mississippi and Louisiana
Gulf Coasts as n result of Wednesdays
hurricane stood at 353 Tonight. There
still were many persons unaccount"d
for.
Fresh water, food. clothing and
'1CdiCal supplies were forwarded into
tho stricken districts to-day Tons or
supplies already have been sent to
various points. but all relief partieS
returning here declare that food must
he kept moving regularly until con q
ditions return to normal.
Louis J. Uennessey. representing tn"
Association of Commerce. who returned
to-day with Federal and state en-
gineers from an inspection of river
levees. stated the damage to the l"v"e
system would exceed 100000 The
engineers declined to give out an csti q
mate of tho dama~e until they have
prcnared their official reports. M.
Henncsscv renortcd immense drUa 90
to Orange grounds and crops. and "s-
serted restitution among the inhahi-
tants was serious The food waters
were rerorted to hc recedin. in all
affected sections.
a heavy rain TODAY drove hundreds
OF persons from their homes as streams
OF water poured through the roofs.
which were damaged nv the hurricane
and as result downtown hotels were
crowded tonight. The rain also in e.
terfercd with tele graph and telephone
wires connecting New Orleans with
other cities.
Mayor Behrmann announced to-
night that he Will ask the city Coun-
ell for authority to borrow 100000 ae
an emergency fund, with which to clear
streets and repair municipal propertv.
1t was announced all schools would
be closed this week. because OF tho
damage to the public buildings.
Governor Hall has ordered tho I'd .
iutant-general Of the Louisiana Ma =
tional Guard to issue all tents in The
state arsenal to relief parties going
into the stricken districts below here.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-05
CANAL SLIDE WORST YET
Engineer I'm Charge Wants President to
Issue Order Closing Waterway
IntiI November 1.

PANAMA. October 4-Lieutenant-
Colonel Harding, engineer in charge
of the Panama Canal. has sent a mes
sage TO the Secretary OF war at
Washington recommending that Presi-
dent Wilson issue an executive order
closing the canal until November /.
Colonel Harding explains that il will
be impossible to clear the channel be-
fore that date. and perhaps not then.
He favors refundinE the tolls TO those
ships which have paid them and are
awaiting passage. and also that ar
rangcmcnts be made TO transship the
cargoes OF the vessels and forward
them to their destinations.
The conditions caused by the new
slide are the worst in the history Of
tho canal. according 70 colonel Hard
ing. More than 100000 cubic yards
OF earth must he removed before the
channel is again deep enough TO permit
tn" passage Of ships.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-05
TO DISCUSS PLAN TO LAY
BEFORE SUPREME COURT
Members of NirEinin Debt Commits
sion md Representatives of Brown
I}ros. d Co. VIII Meet To-Day.
Especial to The Timcs-Dispatch. ]

Especial to The Times Dispatch.]
WASHINGTON. October 4.-Members
OF the Virginia Debt Commission and
legal representatives of Brown Bros
& Co. New York bankers. will hold
joint conference here tomorrow for
the purpose Of trying to agree upon
Il harmonious plan to lay before the
Supreme Court for the collection OF the
S14,000.000 Judgment against West Vir-
Einia in the Virginia debt litigation.
Just what plans will be agreed upon
cannot be forecast tonight. Counsel
for the debt certificate holders have
already petitioned the Supreme Court
for the appointment of n receiver to
collect and disburse the money. They
want member of Brown Bros & Co
named as receiver. Members of the
Virginia Debt Commission are opposed
to such aggressive steps. and believe
the people of West Virginia will with
in few years realize the seriousness
of dcfying decree of the highest
court of the land, and take steps them
selves to satisfy the Judgment
That the debt certificate holders do
not believe the debt litigation is final
ly settled was indicated to-day by the
announcement that John G. Johnson,
the noted Philadelphia lawyer. has
been retained by Brown Bros. & Co.
to take the place of the late Major
Holmes Conrad as their leading coun-
sci. Mr.. Johnson will come to Wash
inGton tomorrow for the conference
with the Virginia debt mmissioners.
Whether or not he will favor the re-
Ownership plan which already has been
laid before the Supreme Court by the
late Major Conrad was not announced
tonight
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-05
PhIIlin PcndIeton Chnpmnn.

ISpec!a! TO The Times Dis Datch.1
MANASSAS. VA. October Phillip
Pcndleton Chapman. former Mayor OF
Manassas. died at his home here YES
tcrday afternoon. about o'clock. fol-
lowing an Illness of two da"s He is
survived by his widow. three dauCh-
tors, Misses Faith and Mary Lee Chap
man. and Mrs. " l.. Turner, of Tho
Plains: his mother Mrs. Martha Chap
man. of Roanoke; two sisters, Mrs
George +. Payne, of Newport News
and one brother, W. J. Chapman. of
Baltimore. The funeral services Will
he held at the Trinity Episcopal
Church on Tuesday afternoon at $50
o'clock. and will be conducted by Rev.
w. II. *. Pendleton. of Spartanburg,
:. c.. assisted by Rev. j. l.. ,f;urk. OF
the Episcopal Church here. Tho pail.
bearers, lifelong friends OF Mr.. Chap
man, Will be j. f. Nelson, A. Speidon
T.. e. Morris DR.. j. NJ. Lewis and Mayor
w. c. WAGNER, of Manassas. and wal
ter s. Shannon, OF Norfolk. Burial will
take place Mt the Confederate Gene
terry.
Mr.. Cha pman was native OF Prince
Manassas on September 3. 1860 and
last month celebrated his ffty-ffth
birthday. He had made his home in
Manassas during the greater part OF
his life. and for twenty-siX years was
connected with the Southern Express
Company here. Several years ago i'll
health forced him to resign from his
position. although he was active in
public affairs of Manassas when, in
1911, he was elected to the Mayorship,
in which capacity he oficiated to the
great credit Of the town and to him
self He was n member OF the Junior
I order OF Mechanics.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-05
Captain william It. johnson.

TSpCCiaI 10 I'll" eS-DlSpAtch.I
PETERSBURG. VA, October 4.-Cap-
tain William T. Johnson. veteran OF
Pickett's Division, died on Friday at
his home. at Pampln. Prince Edward
County, and his funeral took place
on Saturday afternoon. He was wound
ed at Gettysburg, and was crippled
for life. though able to go about He
was in his seventy eighth year, and
is survived by his wife. n son residing
at South Boston; two daughters. Mrs.
s. r. Wright of Raleigh, and Mrs.
John T. Pace. Of Petersburg; also by
two sisters, Mrs. s. r, J. Binford, of
this city, and Mrs. William 3. Binford,
OF Prince Edward County.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-05
Edward VI. DO,ydy


IHp"CIH! 70 TIC TIMcs- DispntCh.1
iYNCHEURG. VA. October Ed :
ward NJ Dowdy, aged sixty-eight
years. lifelong rcsidcn, Of Lvnch .
burg, died last night at his home here.
lie had been III long time and was
confined to his bed for three weeks. Mr..
ho"dy was member of The West
LynchburS Baptist Church. and of the
order OF Owls. Although only a youth
ne enlisted in the Confederate army
near the close OF the war. but was
never called into active service because
Of tho surrender. Mr.. Dowdy is sur
vived by his wife and one sister. Mrs.
Margaret Leftw!ch. of this city.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-05
HAS APPENDICITIS
Madame Lorettn del NnlIc Stricken
JUST before Going on stage Mt
Academy of Music.

Nine. Loretta del Vale. Young
American soprano of great promise
who was to have appeared in Joint re-
cital with Albert Spalding. the violinist,
at the Academy Of Music last night, was
taken suddenly i'll yesterday afternoon
DR.. Blanton L. Hillsman was hastily
summoned and after an examination
he pronounced the case one of gangren-
GUS appendicitis. Nine. del Vale was
taken To the Memorial Hospital and
was operated on by DIR. Hillsman while
the concert was in progress. AT a lato
hour last night. IL was stated that she
was recovering satisfactorily.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-05
DEATHS IN VIRGINIA
Mrs. Bcrnnrh j. Shelton

Special to The Times Dispatch
FREDERICK SBURG. VA, October
News haS been received here OF the
death In Detroit. Mich, OF Mrs. Bernard
j. shelton, OF Homecoming. Md. She
was a dauEhtcr!n.law OF Mr.. and Mrs.
John Il. shelton, OF Stafford County,
and is survived By her husband.
Bernard J. shelton. formerly Of stat
ford County, one little daughter. her
parents and several other relatives
Burial was made in Detroit.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-05

The German official estimate OF the
loss by the entente allies OF an aggre-
gate of 10000 men follows within Il
few days Of official estimate of German
casualties made by the French War
Office. which declared In its statement
Of Wednesday, September 80. that the
Germans had lost since the beginning
of the allied offensive a. total in killed.
wounded and prisoners which amounted
to more than the effective strength of
three army corps" or about 10000
mon
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-05
Carl 4. StrunEmnnn.

Especial TO The Times Dispatch.l
ALEXANDRIA, VA. October Carl
q. Stranrmann. about snfty-fve" years
old, former resident died on Satur-
day night at his home In Buffalo, y.
y Mr. Strangmann for many years
vas secretary and treasurer of the
Robert Portncr Brewing COMPANY He
loft here eighteen years ago and owned
brewery in Buffalo. He is survived
hN his wife.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-05
Berlin Says Allies
Lost 10000 Men
Report on Casualties in Recent
Fighting. according 10 Off,
cidt Statement.

BERLIN. October 4 tvia London). A
supplement to the German official state
ment states that the French losses In
killed, wounded and prisoners in the
recent lighting were at least 10000.
and those OF the British $4,000, while
the German losses were not one-ffth
OF this number
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-05
Falls From street Chr.

Ambulance Surgeon Cease last night
treated w. s. Hill. OF Powhatan Street
and Cowardin Avenue. after he had
fallen from Forest Hill car near
Eighth and Broad Streets. The man
was able TO go to his home after being
treated.
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-05
Francis Odrsso Mos.

Especial 10 The Times Dispatch
l.fNCHBCEG, VA, October i.-Fran-
els Odessa Moss. the three months-o old
nfan: OF Mr.. and Mrs Thomas ].
Moss. died this morning at their home
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-05

I-pocIa! 70 Inc Times N!spatch.l
WARSAW. VA. October flames F.
Garland AGED siXty-two years, n
former member Of the Virginia LeCis-
iature. died here to-day after an ILL
ness of several months
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-05
Resiatcd Policeman.

William Higgins was fined $50 and
costs in the Police Court yesterday on
charge OF being drunk and disor-
dcrly and resisting Policemen Byrum
. and Duggins In the discharge of their
: duty. He noted AN appeal
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-05
Used MIX bottle A. we,non.

Robert Shelton, colored, was fined
s2b and costs In tho Police Court yes
terday on charge of assaulting II. L.
Baucrs with milk bottle. The negro
was arrested by Policeman Whitlock
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-05
;CIAL ORDER OF DAY
by FIELD MARSHAL FRIcNt-U

Special order of the DAY by Field
Marshal Sir John French, commander
in chief Of the British army Mn the
field:
we have now reached a definite
state in the great battle which COM
menced on the 25th instant. oar al
lies in the south have pierced the enc
my's last line intrenchmcnts. and Eff
fccted large captures Of prisoners guns
ana tents.
'Th. French army on our im,ne-
diate right has been heavily opposed,
hut has brilliantly succeeded In sour
rying AN Important position known as
the Vimy ridge
This position was exceptionally
strong, consisting OF a double line
which included some large redoubts
and network of trenches and q bomb
proof shelter. Dugouts were concen-
trated at short intervals all along the
line. some OF them being large caves
thirty feet below the ground
The Eleventh Corps. in general re-
serve. and the Tlsrd Cavalry Division
was subsequently, thrown into the fight
and finally the Twenty Eighth Divi-
sion. After the vicissitudes attendant
upon every great fight. the cncmy's
| line and second line posts were taken
commanding position known as Hill
20. in advance of Loos. was finally cap.
turcd. and strong line cstablished
L
tho German third and last line.
The main operations south OF the
La Rasse Canal were much facilitated
and assisted BY subsidiary attacks de
livered by the Third and Indian Corps
and the troops of the Second Army
! Great help was also rendered the oper-
ations by the Fifth Corps east OF
Ypres. during which some important
captures were made
ALSO INDEBTED TO NAVAL.
COMRADES FOR C0-OrERATION
we also are much indebted To Vice
Admiral Bacon and our naval comrade.
for the valua BILE cooperation OF the
feet.
our captures have amounted "a
more than 5000 prisoners ard some
twenty-five guns. besides many ma
chine guns and a quantity OF war ma
terial
"rhe enemy has suffered heavy
losses. particularly in many counter
attacks by which he has vainly en-
deavored TO wrest back captured posi-
tions, hut all OF which hav" been gal
lantly repulscd by our troops
II desire TO express 10 the army un-
der my command my deep appreciation
of the splendid work they have accom-
plished. and my heartfelt thanks for
the brilliant leadership displayed by
General Sir Douglas lIag and the
corps and divisional commanders who
acted under his orders in the main at
tack. In the same spirit of admiration
and gratitude. ] wish particularly to
comment upon the magnificent spirit
indomitahle courage and dogged tenac-
ity displayed by the troops of the old
and new army. and the territorials
who have We'd with one another in the
heroic conduct displayed throughout
the battle. and by the officers and nom
commits Sioncd officers
II feel the utmost confidence and as
surance that the same glorious spirit
which has hccn so marked n feature
throughout the first phase of this great
battle will continue until our efforts
are crowned by final and complete vic
tory.
-. II. p. FRENCH,
Field Marshal. Commander in Chief
British Army in the Field
September 80, 1915"
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-05
'SieneGl Cd. =. T.. FRENCH
T-ialI M..r =,

The field marshal commander-in-
chief has received the following mes
sage from Earl Kitchener dated The
9th Of September, 1915
My warmcst congratulations TO
you and all serving under you ~. the
substantial success you have achieved
and my best wishes for PROGRESS in
your important operations.
(SiGnedD "'KITCHENEE'
Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1915-10-05
ENGLISH KING PRAISES
GALLANT WORK OF ARMY
Recognizes That This Fighting is
But Prelude to Greater Deeds
and Further Victories.
SENDS MESSAGE TO FRENCH
Kitchener Also Expresses His Warm
est Congratulations on Substantial
Success - Field Marshal Issues
Special Order of Day to Troops.

BRITISH HEADQUARTERS. IN
FRANCE Cvia London), October 4.--The
following special orders of the day hav.
been issued by Field Marshal Sir John
French:
The field marshal. commandcr-in-
chief. has received the following mos
sage from the King. dated the SOth Of
September 1915:
~ heartily congratulate YOU and
all rank; CT nv army under YOUR com
mand upon the success which has at
tended their gallant efforts since tho
commencement of the combined attack
recognize that this strenuous. deter
mined fighting - but the prelude to
greater deeds and further Victories. |
trust the sick and wounded are doing
we'll
,Sirned) GEORGE r. AND l.
'''rh" following reply has been sent
10 His Majesty:
Your Majesty's forces In France
are deeply grateful for Your MaicSt"'s
most gracious message. There is no
sacrifice the troops ar. not prepared
TO make TO uphold the honor and tr;,-
ditionS OF Your MaieSty's army and
20 secure = final ana complete vic
tory.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1915-05-14

completely demolished and damaged
the car otherwise. All In the car
escaped without injuries.
Miss Marie Swanson vas a paSsen-
ger 90 GaiesburE Wednesday.
Emmett Green took the Misses Nellie
Thompson. Laura Stewart. Sarah
stocking. Lena Terry. Vera MeCaw
and her house guest. Miss Bessie Ry-
der OF Clinton. 90 Mathersville Satur-
day afternoon Tor a trip of inspection
through the coal mines.
Mrs. II. J. Stewart OF Kewanee and
daughter Ruth who e. a student al
Knox college. came Saturday evening
and visited NJ the home OF DR.. and Mrs.
Mechanism. Miss Ruth returned 20
college Sunday AID Mrs. Stwart went
TO Gaiesburg Monday.
Tuesday afternoon Mrs. Sarah Nc
Clanahan aud Mrs. Mae Stanclif en-
tsrtained the ladies OF the Fortnightly
club n, the home OF Mrs McCianahzn.
II being mothers day. each member in