davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-09-13
Japanese Ban on
Imports of Gold
Disturbs Bankers
Edict, in Effect Since Julv
Known Here Yesterda,.
for the First Time:
Meant as Friendly Move

Japanese bankers in this cj.v
coming much disturbed over .bo =.
fects of the edit of the Japanesa
perial government in placing an a~
barge on gold imports. This ora"
which was not known here until vss
terday, has been in force since -.
July and was issued By the Janar.s
government shortly after the I-,;.ss
States lifted the restrictions m ..,.
exports.
Representatives of japanese b.,,.
here said that the ban on gold jronor.~
was decided upon by Japan in snir;.
of friendly cooperation with -.
Treasury Department at Washinc.o.
In view Of the desire on the mar. =.
the Japanese banks to withdraw sn,s.
on deposit in New York i was +oonaL'
that The export movement mirbt d.
velop into too large proportions -
suit this government. ~
AS a result Of the embargo or rh;u
ments of the metal 10 Japan funds y
the credit Of that government snd
japanese banks have been piiinp ~
here until it is now estimated -bae
they have reached a total Of $3.50 0o0
600, or an increase of annroyima+al,,
SlOO, 100000 in the last II rec month.
Because of the high money rates nou,
prevailing IN Japan japanese banker,
in New York are anxious 70 take al
vantage of that condition and hel;sra
that their government VII soon IL.
the import ban, at least TO sone ey.
teAt.
Of The s25O,0O0,Oo0 japanese cred;.,
on deposit here it IS estimated +bas
s200,00OO0O belong 10 the covernn,a1. ,.,a
and the remaining $50 900 600 to prj.
vate institutions. In view Of ~.
depreciation in foreign moneys Janan
has been asking for payment in dollars
for goods sold outside the United
States, and this helped 70 increase her
deposits in this country.
The Japanese government has been
a liberal investor in the Liberty bond
issues and in the United States Treas
ury certificates of indebtedness. he
total investment in those securities
being placed by competen. authorities
yesterday at $50 100000
japanese funds have been accumulat.
ing here ever since early in the war.
when the trade balance between the
United States and Japan began TO run
heavl-. in favor OF the latter. For
time gold shipments were made to
Japan in order TO settle the balance
due that country but the American
government put an end to that move
ment by putting an embargo upon
gold exports in the fall Of 1917.
New-York tribune., 1919-09-13
Gold Brings Is p. C.. Premium

LONDON, Sept 12.-Gold valued at
fS50,O00, which is half shipment just
received from South Africa. has been
sold for shipment to America, the
price, including the commission, being
COS I'D per ounce. This is 15 per cent.
above the Bank of England's ordinary
buying rate.
London has again become an open
market for gold and the arrival of the
shipment from the Transvaal free from
wartime restrictions started American
banks figuring whether it would be
profitable to purchase at the present
low rate of exchange. Bids were
therefore made and half the quantity
secured for America
The remainder of the shipment has
not yet been disposed of, but it is be-
lleved in the market that it will
eventually be taken to the same desti-
nation after refining.
New-York tribune., 1919-09-13
Appetite Lacking

One of the great obstacles to financ-
ing Europe is the fact that the hunger
Of American investors for foreign Sc
curities is not manifest. Agents of
foreign countries and enterprises are
impressed with the apparent prefer
ence at the present moment of Ameri-
cans for stocks, with the possibility of
high returns, over bonds, whose re-
turn is relatively small. With taxes
high and the cost of keeping alive ex-
pensive, the man with money to place
in securities is seeking as much in
come from it as possible
New-York tribune., 1919-09-13
Seaboard Air Line Financing

The Seaboard Air Line Railway is
offering the holders Of $4,000 900 two
year per cent notes, due September
Is, the right of extension for one year
at per cent. The September coupon
plus a cash distribution for extension
of $3.50 per $1,000 bond will be paid
on and after next Monday at the
Guaranty Trust Company. The col
lateral behind the notes will be in
creased from $5,334,00O to $4,000, 900.
The railroad admins tration has ap-
proved the extension
New-York tribune., 1919-09-13
Francs at New Low

The franc reached a new low level
IN terms of American money yesterday
1t was worth liz cents, compared
with about 19 1-3 normally. Sources
close to French Treasury and banking
authorities expressed the opinion
that the franc is now practically at
the bottom and that the depreciation
will serve as natural corrective to
some extent through discouraging the
purchase of American goods by the
French. The franc, on the other hand,
will not move sharply toward the
normal until after large French loan
is toated in this country
New-York tribune., 1919-09-13
In Wall Street
Expect Extra Savage Arms Dividend

Expect Extra Savage Arms Dividend
Savage Arms common stock enjoyed
an advance Of more than points on
the Stock Exchange yesterday on re-
ports that directors at meeting in Oc-
tober would make an extra dividend
distribution. 1t was stated the com
pany is now in a position where the urg
ings Of common st ckholders for q
greater share of the accumulated earn
ings can be listened to. In this connec-
tion it was pointed out tina. a surplus
equivalent to SIS on the common was
earned during the first half of 1919.
Last year the company wrote down it's
plant account, patents, etc, 20 $780,
900, reduced the first and second pre-
ferred stocks by S646.OC and retired
$1,23S,0 900 bonds. Net quick assets on
December 81 last were placed at the
equivalent to $170 a share on the
common.
New-York tribune., 1919-09-13
Dividends
Extras

Great Western Sugar Company--In ad
ultoh 70 Its regular quarterly dividend
per cent on common stock has been deY
cared payable on October ! to stock
holders of record September is
Iexas Pacific Coal Oil Company-An
sNtia diViHend OF II per cent has been
uec!areu IN addition TO the regular quar-
terly dividend Of Ia per cent. II is
payable on September 20 to stockholders
OF record September IS
IorrinRt0n Company-A special dividend
OF per cent has been declared. whinh
IS -, IN ADDITION to the regular quarterly
u, Sluehd OF per cent Both are nav.
able on October l to Stockholders of ra,
ord September 20. "a -'o
victor Talking Machine Company-Be-
a,u1s us regular dividends on common
"tu preferred stock special dividend
OF go share has been declared n i.
pa payabIe on the same day as tho Others
New-York tribune., 1919-09-13
Esthonia Joins the Procession .

Americas position as creditor of
Europe has made the sight of foreign
agents seeking loans in this country
extremely commonplace to bankers 1t
would be q rare thing to see a repre-
sentative of a European country who
would say that his nation is not in
need Of dollar credits. The latest en-
trant into the long line of would-b be
borrowers is Esthonia
New-York tribune., 1919-09-13
4 Correction

Through an oversight Of the fnan-
clal editor, statements were pub
lished in the "Investor's Almanac"
column yesterday to the effect that
the interest on the Interborough Rapid
Transit per cent bonds and on the
Z per cent notes of the same company
had been defaulted. This was in error,
The interest has never been defaulted.
The mistake was caused By confusing
the PETERBOROUGH Rapid Transit with
the lnterborough Metropolitan.
New-York tribune., 1919-09-13
I. M. M. Meeting Next Tuesday

Directors of the International Mer-
camille Marine Company are scheduled
to convene next Tuesday. This will be
the first meeting Of the board following
the arrival in this country of President
P. A. S. Franklin, who has been abroad
for several weeks. Reports still pei
sisted that some action would be taken
with respect to cutting down the divi-
dend arrearage on the preferred stock,
which now amounts to 81 per cent.
New-York tribune., 1919-09-13
TEXAS PACIFIC COAL AND OIL COM
"a Broad street

"a Broad street.
New York. Septefrh her II, ltl9.
The Board of Directors has declared mo
regular quarterly dividend OF one and one
half per cent GA. T) and a special diFl-
dend Of eleven per cent Qlee). both paya-
Bile on September %. 1919. to the stock
holders Of record AT the close Of business
on Septem ber IS. 1913
The transfer BOOKS viii not close.
EDGAR l. MAKSTON. President
New-York tribune., 1919-09-13
Office of the United Gas Improvement Co.

\. w. Corner Broad and Arch streets.
Philadelphia. september 10. 1879.
ne Directors have this day declared
quarterly dividend OF two per cent sl'oo
per share). payable October IS. 1919, 10
ness september 90 lsIs Checks VIII Do
mailed !! " MORRIS Treasurer.
New-York tribune., 1919-09-13
$4,000, 900 Paid for vanadium Mines

Dispatches to the financial district
from Pittsburgh yesterday stated tina.
Allen A. Ryan, Charles NJ. Schwab and
their associates purchased the mines
and plants of the American Vanadium
was said, netted the Flannery interests
about $500 share for their holdings.
New-York tribune., 1919-09-13
soTTu PORTO Kico SUGAR COMPANY.


NOTICE is Hereby GIVEN that tho
outstanding dividend scrip certificates x
TINS Company Series y Gssued on April
lst. 1870 VIII be redeemed on October lst.
!'j5 at par and accrued interest 70 s"id
date, at the ONCE of Messrs William Schail
q Company. 45 William street. New YORK
CITY. apd that said certificates Viii ma
ture and become payable on said October
lst' 1919, and VIII cease 10 bear interest
from and after said date
BY order of the Board Of Directors
F. A. DILLINGH4M. Secretary.
New-York tribune., 1919-09-13


A syndicate headed by MONTGOMERY &
Co. DominIck g. Domnick and Hayden.
Stone a CO. is Offering for subscription
5os,ooo shares OF Union OIL Company com
mon stock at $40 a share
James H. Conroy. secretary OF the Manu-
facturcrs Trust Company since its or
gani2ation. has been elected vice-presi-
dent. in charge Of tho Institution in the
absence of the president. William L.
Schneider, formerly assistant secretary.
takes Mr.. Conroy's place as secretary.
Henry c. Won Elm and Reuben w Shell
ter formerly assistant secretaries have
been appointed vice presidents Frederick
W. Bruchhauser and 7. J. Keenan, jr.
were elected assistant secretaries These
changes were recommended by the presi-
dent in view of the Increased business Of the
company. whose deposits have practically
total resources of which are now over
ss5, 900.
Tho Metropolitan Trust Company an
nounces that there have been deposited
under the notehoders' protective commit
tee OF the Washington Utilities Company
. per cent notes agreement, $1,3O6, 900
par value notes of a total outstanding
issue of sl,3Sl,000. and that the collateral
heid to secure the notes. VIZ, 275OO shares
Washing ton Railway & Electric Company
common stock Will be sold at the exchange
s;tlesroom, IA and Ii Nesey Street. on
Nednesday, September "a.
The underwriting of the 10000 shares
of Y. Vivadou Inc, has been heavily over
subscribed, IT was announced yesterday by
syndicate managers.
e. c. varicls, formerly assistant secre-
New-York tribune., 1919-09-13


pany. has been elected n vice president of
the American Trust Company
j. r. Weisscnfuh, formerly a member OF
BROOKS x Co., has formed his own firm
10 engage in general investment bust
ness. {. ~ DAILY, Weldon b. Brubaker
). b' smith and Austin O. Lynch have be-
CON" associated with Mr. Weisscnbluh in
MS new venture. "
clarence f. Prtchard. manager Of the
ounce bureau of the Government Loan
D,rsanilatlon for th- Federal Reserve
Bank OF New York. WAS resigned TO bo
coma Girector Of employment of the Ma
tlohhi Bank Of Commerce in New York
:, lmbrie & CO. are offering $500. 900
.,,at Metro politan Trust Company announces
tnHs Si,lJo00 par value bonds of tho
cur. Florida G. Alabama Railway Com
pang I,a 0ut or total outstanding of 81
io'"vV havo been deposited under no
bondholders' protective committee agree
m"nt, and that the sale of the property
under foreclosure has been set for Tues,
day, October IA, in the City of pensacola
Fla. - '''"eoia
New-York tribune., 1919-09-13
Curb Market

Note.-The Tribune assumes no responsi-
bility for the accuracy or authenticity Of
curb market quotations. Transactions and
prices yesterday were reported follows:
New-York tribune., 1919-09-13
Dollar in Foreign Exchanoe

Francs became weaker yesterday and
established new low record. The
dollar would buy S.56 franc cables yes
terday. The lire also was a shade
easier, but marks and sterling were
steady.
Yesterdays rates, compared with
those of week ago, follow:
Quoted dollars to the pound)
New-York tribune., 1919-09-13
SOUTH PORTO RICO SUGAR COMPANY.

The Board OF Dire iors have this day
dec! ared quarterly dividends OF 20 on ms
preferred stock and sc the Common
stock payable in cash on October l, 1912
TO stockholders OF record September 10
New-York tribune., 1919-09-13
Financial Items

The f. w. Woolworth Company stores
haVo placed contract with the Durham
Hosiery Mills. of Durham. n. c.. for a
very large quantity Of mems and women .
cotton hosiery. Initial orders are for
$1,000 dozen, to be delivered IN October.
November and December
New-York tribune., 1919-09-13
DIVIDEND NOTICES
SOUTH PORTO RICO SUGAR COMPANY.
DIxIdend Scrip lertificat.s >.eri..

.Dividend Scrip Certificates series Il.
NOTICE Is HEREBY GIVEN tt.f ths
ou, .u' u,s'andlns dividend scrip certificates ot
,n's ,l company Series B Qssued on October
,s.' iSts) Will be redeemed on ocf fober
81 15lJ. at par and ccrued interest 10
sAiu GATE. at the of>ce of M.ss,s william
SchaIi q Company. s5 William Street.
Ne" .'.,,| York City. and that said certificates
Hd "a,t mature and become payable IN SAID
interest from and after said date
by order of the Board of Directors
l.. a. DILLlNGIAA Secretary.
New-York tribune., 1919-09-13
London Money Market

LONDON, Sept. 12.-Money, 8 1-8 per
cent Discount rates; short bills,
3 7-16031a per cent. Three months
bills, 3 9-16@p3 5-S per cent Gold
premiums at Lisbon 1870 O0
New-York tribune., 1919-09-13
Standard Oils
Other Oil Stocks

Sales Open. High Low Last.
300 Ajax Oil go. 1913 1912 1o1s 1oHs
100000 rAllied Oil =. IA 40
1000 TAmalga Royal IA IA ia ia
1900 Barnett o & G Is p {as Il
2le0 *Boone Oil go. 9 9 831 8Za
1900 *Bost Mex Pet. ava q 4Is
1200 +fI}ost-Wyo Oil. 70 n 68 70
200 Burknett V c o. 11a tNa Va W.
100 *Can-Am g. G % "a 1e I2
900 "Circle Oil ... 53a 53a 5Ia 51a
l5O0 *Cit Ser B 7 Sh 40 40 A87a 497a
500 *Commonw Pet 81 81 81 81
1000 *Cosden & Co. 11H IVA 1914 II
1900 tlIrtel Oil 80. 8I2 8No 8 Sl
1880 'Esmerald O&G 81 !, "a \,
1900 +l'edcral OIL. 21s "a 234 27s
500 "Gienrock Oil. 5Is 5I4 5Is 5la
1000 *iGt West Pet t3 10 18 18
200 FGutfey-G Oil. 2134 21a4 2t34 2134
5000 *fGulfport O&R 26 26 26 26
200 *Hcrc Pet Cl"A" 16l2 1872 16N. 1872
1000 *Home O r of T 20 GOA 1873, 1914
$500 fIiomc p of Den "a SO 80 56
1900 'IIudson Oil. 13s w 1as w
400 *Indiahoma Oil 1912 1912 1913 1913
100 'Intcrnat Pet. 3O3a 3O3a 3O3a 3O3a
1000 @Invincibe Oil. 34I4 35 81 a5
1870 S99 Isl Oil 6 IT, 7Ia 7z4 2. 2,
15""o 5o"o LtIe Iitncs4om Sioux OIL Oh 27 1 2sz au
300 @Merritt Oil G. 25as 235$ 25Ia 25s4
800 sgS MsS MsS.Fsn rsr on 1S ga Sc 12 24 % S
1000 Mid SITS Oh 3Ns 3Is 3 3Is
100 midwest Ref us rs 173 rs
100 Midwcst-r OIL "a "a 81 "a
5000 4Mor Pct of Me 3lIs 3la 27a
dHO0 North Am Oil. 73a 73A VA ",
1000 fOhio Ranger. "a
800 O O & G. (nw)
700 20 N Oil In "a "a "a "a
1000 *Pennock Oil. 1A3a 14Io 1l3a 14i,
2200 *Pitts-TeX ~ 16 16 1879 16
1000 *l'rod & Ref . 834 834 81 8sa
1000 Queen OIL. 9 10 10
400 sired r O & G SIS 60 SIS so
1000 @Ryan Pet..... 5 5hs 47a
40 "Sat Crk Prod 54Ts 55 SAY 54h,
1900 *Scab o & G. 7as 7aa ia II,
500 Seq o & R.. IL - n i,
5000 ~Shell Tr 4 T. 70 7134 6oIa 7O5a
1000 "Simms Pet. 32aa 1924 80 80
1900 *Sinclair Oil 58a4 5o3a 5s3a 581
5000 *Sinclair G c. 595a 59ss 58ifo 587a
1000 'Swn Pr 4 r. 3Ia 231 27a
1900 Spencer Pet c. 1874 173a " 173h
300 'Stanton OIL. 15a ia ~, 15a
aV0 StarTex Pet. 14H 14Io 14I 14Ls
1000 *rex O e r. 81 So So 81
500 *'rex Pr & R. 5Is 5ls So SO
700 Tex-R & r. 2Ia 2Ia 2h 2M
zoo Tex Steer Oil 81 90 80 81
500 *Tex-Ken Oil. s. :"
10000 TTex Oil & l.. 70
1000 'Trinity Oil C VA 1aa IA 1aa
5000 @Un Oil Of Del 4Oa 4OLa $685. 3oao
5000 Tn Tex Pet. 81 "a 81 81
1900 Vacuum O & G. J., :, ~
1000 wal Oil In 8Is 1917 az 1nis,
500 *Vulcan Oil. . 11H 1131 11L' 11a4
500 wv S O&L(nw) 331 331 az az
200 +Wh + o & R. 2+Le 24H "a o4l5
i'o0 ~"oourn W / 10 1913 10 1913
New-York tribune., 1919-09-13

sub-Treasury-U. 8. sub-Treasurv
credit balance at the New York Clear.
ing House, $772,177; Federal Reserve
credit balance, $57,376,6S5.
silver-London, eo%d; New York
Sl-12; Mexican dollars, s6A @90Ac.
New-York tribune., 1919-09-13
Money and Credit

Call money loans we're made at ner
cent all through the trading dav ves-
terday. Timc money was quoted at
the same rate, and the demand was
chiefly for 60 and 80 day accommoda-
tions
The ruling rates for money yester-
day. compared with a year ago, were
as follows:
Yesterday. Year ago
Call money: Per cent. perc rcent 49,
On mixed collateral 6
On indus. collateral 6,L
Time money lrnixad cnlla4axalA
New-York tribune., 1919-09-13

Cornelius Ilearn. Jr.. and Henry c. Welt
Zein have been elected members Of the
New York Stock Exchange
New-York tribune., 1919-09-13

Bank Clearings.--Bank clearings yes
terday were:
New-York tribune., 1919-09-13
Record of Stock and Bond Averages

All stocks quoted dollars
sha
New-York tribune., 1919-09-13

pany has been elected vice president of
the American Trust Company.
New-York tribune., 1919-09-13

Time money (mixed collateraN:
The Washington herald., 1919-02-05
Community Center Notices

The Wilson Normal Social Club
meets tonight at o'clock.
The NciEhborhood Club has its
regular meeting at the Randall
Community Center toniEht. Import
ant questions relating 20 the well
fare Of the CommUnity are TO b. con-
sidered and all the men and women
who are interested are asked to be
present. This club is working under
the suggestions of tho Department
OF Labor and is a part OF the Gov
Crnment program for the better
ment Of working conditions.
Wednesday is Community night at
the Dunbar Community Center and
there Will be meetings OF the Knit
ting Club. the basket ball teams
the Boy Scouts Dramatic Club and
the Dramatic Club.
The Community Center Associs-
tion Of the Birncy Community Cen
ter has its regular monthly meeting
this evening for the discussion Of
important community matters.
The Ladies Inter-Community As
soCiation of the BiTney Center will
meet at 3 o'clock tonight.
The Washington herald., 1919-02-05
MARRIAGE LICENSES.
HTTE

Alfred 5. Schrader ., and Edith z. Co-k, ID.
both OF Washington. Rev. J. p. Hand.
Fred A. Stone. 3, Of Chicago. Ill, and Lena
V. Kelley. 2. Of Lansing, Mich. Rev. J. :.
Montgomery
James H. Zsrger. a, and Eva NJ. FTukeubind-
er IS, both Of Harrisburg, Pa. Rev. II. ID.
Mitchell.
Carl G. strner. 70. and Evelyn F. Finch. IS,
both Of Washington. Rev J. A. CUwan.
James Bunch. ~, Of Elizabeth City, n. c,
and Nora L. Norman, 5, Of New Orleans, La.
Rev. H T. Downs
Howell R Hanson. q Of Louisville. XIV. and
Agnes g. Slattcry. .. Of Washington. Rev. J.
p Mackn.
John R. Parsons. q. and Mary L. Hurt. q
both Of Richmond, Va. Rev II. Schroeder.
James ]. ForTester. .. and Rosa A. Yates .,
both Of Washington. Rev Z. A. Hannah.
Eugene o. Robinson. .. Of Wicklfe Ohio,
and Ann B. Chilcott. y, Of Osborne, Kan. Rev.
c. NJ. Compiler.
Thomas r. Thompson. q, Of North Tona.
wanda. n. Y. and Evelyn Thompson. r. Of
L,ouardtyvn, Md. Rev. T. (. Davis
George W. Poole, 4, and Ida Haveuer, 50
10th Of East Falls Church. Va. Rev. c. b.
Sparks.
Francis L Lyddane. IS. Of Washington. .nd
Mary +. BIstsce -, Of New York, n Y. Rev.
Z J. MaGrath.
John NJ wba,en. q. and Mary \. TIrrrII, y
both Of Grand Rapids Mich. Rev. J. NJ. Nc
NGmara.
George IT. Root, 50. Of Westfeld, Mass. and
Annie ThaCker, 40 Of Washington. Rev. II. T.
Downs.
Henry Dublin. s, Of Washington. and Annie
Greenbaum, ., Of Chicago Ill. Rev. L. stern.
George Featherstone, s. and Indie F. Roher-
son, q, both Of Washington. Rev. II. s. Smith
Warren F. Brandt, Q, and Esther A. MORT
msr .. both Of Washington. Rev. s. T. Nichol-
as.
COLORED.
Henry Toliver, 20. and Priscilla Nash, =. both
Of Washington. Rev. D. Pollard
Robert A Lee, =. and Mary Walker. . both
Of Washington. Rev. D. d. Tupeau.
Charles Baker. a, and MARY Seargens, q both
Of Washington. Rev. 4. Sayes
Richard Butler. IS, and Emma L. Moore J.
both Of Washington. Rev. ]. w. Manokcy
William Creek 8, ard Ella Young s.. both II
Washington. Rev. C. Il. Fox
The Washington herald., 1919-02-05
TRAFFIC PARLEY
SET FOR TODAY
Rivers and Harbors Dele
gates to Open Session
at New Willard.

Discussion OF the sirplane as a COM
mercial necessity in the future world
trade will be in order at the fourteenth
annual convention OF the National
Rivers and Harbors Congress, opening
at the New Willard Hotel this morn
ing and continuing until Friday after
noon.
Delegates from every State in the
Union. including prominent railway
and steamboat transportation author1-
ties. will be present and discusE the
various transportation problems which
must be faced by the nation during
the period Of Tcadiustment Secretary
OF War Baker, Secretary OF the Navy
Daniels. Secretary Of Labor Wilson and
Secretary Of Commerce Redheld are
scheduled 20 address the GssemblAge-
William Jennings Bryan. former Sec
rotary OF State. will deliver an ad-
dress on the railroad problem.
Subjects of Discussion.
The value Of the airplane as a me
dunn OF transportation will be en-
phasized by Alan r. Hawley, Of New
York, president Of the Aero Club OF
America His address-"Future Air
Traffic and Necessary Regulations
Governing Same"-will be illustrated
by moving pictures.
Government ownership Of railroads;
what the government is doing for
water transportation, and the problem
OF railway rates 10 points on water
ways and points inland will be dis
CLSsed.
The session will begin at 10 o'clock
this morning. After the invocation by
the Rev. DR.. James /. Gordon, pastor
OF the First Congregational Church or
Washington, Secretaries Baker. Dan
icls and Wilson will speak. The an
uual report will be read by 5. 4.
Thompson, secretary and treasurer Of
the National Rivers and HsrbOrs Con-
Fress, following which the annual ad-
dress OF Senator Joseph Z. RansdelL,
OF Louisiana, president Of the organ
zation. will be made
The afternoon session, which viii
convene at > o'clock will be opencd
by an address by Peter G. Ten EyCk.
Albany. y. Y. OF the Council OF Ma
tional Defense. His subject will be
The Correlation OF Highway ana
Waterway Transport"
Air Traffic in Program.
What the Government is Doing tor
Water Transportation" will he the
theme Of C. \. TomhnsoR. Duluth.
MINI. director Of the division Of Iu-
( land waterways. United states Rail
road Administration.
Mai. Gen William NJ Black. chief
1 Of engineers. L. :. A.. will discuss the
general subject Of Transportation.
After an address by NJ. J. Sanders. OF
| New Orleans. the subject OF RirplBn.
( transportation will Re taken up by Mr.
Hawley. one OF the principal items
[ on the afternoon program Is the gen
eraI discussion which will be partlCi-
pated in BY all.
I Secretary RcdGeId will open the ses-
sion tomorrow with an address on
The Essential Unity or Transports-
ton by Mater. by Rail, by Road. the
Land and on the Sea"