Evening capital and Maryland gazette. (Annapolis, Md.) 1910-1922, 1917-10-16
PRESIDENT WANTS
ALL GOLD Modified
Urges All State Banks 10 Join
Federal System
CALLED A PATRIOTIC DUTY
Man Arrested As Alleged Spy Said To
Be Naval Officer Joffre Reviews
-Sammies

-Sammies
President Wilson sounded a call for
the mobilization OF all the nations
gold reserves under the supervision
of the Federal Reserve Board.
In statement made public through
the board, the President called upon
| all eligible nom member State banks
and trust companies to join the Fed.
eral Reserve System without further
delay, that they may contribute
their share" to the consolidated gold
reserves of the country and aid more
effectively in "a vigorous prosecution
and successful termination of the
war"
Scores of such institutions have
+, locked to the system within the last
three weeks. among them some of the
largest trust companies of New York,
Philadelphia, and other cities. the
movement to the Federal Reserve sys-
| tenn has lacked only final impelling
force to assume the proportions of
| landslide. Within less than three
weeks resources of such institutions
in the system have risen from 81 ,2O0,-
| 600 900 to more than $4,000, 100000.
= Must Control All the Gold.
| Liberty Loan financing, the result
| ant activity in the money markets, the
| effect of the governments huge fican-
cial transactions upon the bond mar
kets and the stock exchange of the
country have made it imperative, in
| the view of the Administration, for
/ the Federal Reserve Board to control
| not a major fraction Of the gold re-
i serve of the country. but the entire
amount The recent embargo on gold
| exports has made it highly desirable
| that this control be acquired as
/ speedily as possible.
| With the board in active daily con-
| troll of the country's huge store OF
| gold, at present more than $9,000,000,-
600, watching every avenue through
| which it may be lessened and vigil
liant in its supervision of the country's
| banking activities, officials believe
| that the financial position of the
country may be rendered as nearly
/ impregnable as human skill can
make it.
At present the board controls the
| activities of institutions representing
only one-half of the country's total
| banking resources. The latest report
of the Comptroller of the Currency
places at several millions above &c.
| 900, 100000 the resources of the banks
| within the system. Since that report
orlv
100000 in resources have been added
| through the acquisition of new mem
| bers.
JOffre Says "victory viii Be Ours"
| Marshal Joffre spent yesterday with
the American troops He reviewed
Major Gen. Sibert's contingent and in
| spected the training schools and the
other troops.
/ Marshal Joffre was accompanied by
General Pershing and two other Off
| GERS, and the party received an ova-
ton at French villages through which
they motored.
/ The Marshal, in addressing the Off
GERS, said that America had come to
help deliver humanity from the yoke
Il VI 0cinldl lHSOlSHSS, anu duuSu.
| Let us be united; victory surely
will be ours"
Alleged Spy Arrested.
An arrest, which agents of the De-
partment of Justice admit may prove
! to be one of the most important made
in this country since Congress declar-
| ed war on Germany, was made yes
| terday afternoon, when detective from
| the Police Department went to the
Hotel Manhattan and took into custody
well-dressed man who was reg
| istered there as William j. Dunbar, of
Washington, says dispatch from New
York. For more than a week Secret
| Service agents have been on the trail
of the man who, it was said last
night, is believed to be a German who
assumed the name dunbar" and who
| during the last few weeks is said to
have passed much of his time at one
of the principal bases on the Allan
| tic Coast
The specific charge entered against
Dunbar" by the police is conspiracy
to get data of the United States Gov
eminent The police say they have
reason to believe that the man is an
accomplished chemist as well as a
good sailor.