The Barnwell people. (Barnwell, S.C.) 1884-1925, October 05, 1916, Image 3
DOV EVENTS LED BER TO TBE
SIDE OF THE ENTENTE
(•KING suffers coercion
Pressure of Venlzelos and Partisans
of Allies, Aided by Acts of Allied
Mary and ‘‘Army, Force? Declara-
rf— . , v • • • , - ■
tion of War Against Bulgars to
Prevent Internal Disaster.
may not deprive Constantine of his VICTORY TO ROUMANIANS
.lbron£ they have made Venlselos T " ,w " *
WHO WON 5-DAY BATHE
.Mtniea ■ > « -
cue cuuuuy. _ , _ .
It was Venlzelos who conceived Bucharest Says- Bulgars, Turks and
and formed the Balki.n League of
1912, but it was Constantine, then
crown prince, who led the Greek
armies against Turkey. It was Veni-
zelos who formed the Greco-Serb
COTTON HUS ON SOUTHERN
ower in the state,
the hollow of hts I
of the country.
Has Qne-llifrd of Cotton Spindles In
1 '- The United State#.
Eight hundred and twenty-seven
textile plants, carrying 9,865,248
spindles .and 214,467 looms,‘In oper
ation on the lines of the Southern
Germans Attacked Boldly But
Retreated in Disaster.
, . „ . . . v. Railway, .Mobile and Ohio Railroad.
A delayed Bucharest dispatch tells Soilt h e rn and Florida Rail-
I
With Greece in the war there will
be sixteen belligerents, including the
little republic of San Marino—four
on the side of the Central Powers
and twelve on the side of the Quad
ruple Entente. From appearances it
would seent that King Constantine’s
hand has beeu_Jorced and that he
had this alternative—abdication or
war.
But it must be remembered that
m^Vevolutionary party, not oven that
in iCrete which Venizelos has taken
in hand to organize, has demanded
abdication, while the King has re
peatedly stated that the continued 1
neutrality of his country depended on
ovents. The events of last winter
were not encouraging .for the Allies
of the Entente. They are so now.
When he accepted in full the ulti
matum of the Entente of June 21,
oxacting how he should run his king
dom, it may be said that he placed
himself in the position of one who
would yield to for e. majeure,
whether expressed by the. bayonets of
the Entente or the demonstrations of
his people, ancf that the entry of
Greece on the ride of the Entente
was only a question of time.
Since then both the Entente and
'bis people have increased their pres-
aure. Bulgaria, by invading Greek
territory where it was not to the in
terest of the Entent to defend, has.
meanwhile, added to it.
The Bulgars took possession of
.Kavala and gave the Greek force
there the alternative of surr nderlng
1 tO’ OwiVHimy »i trr thw cwiwmawdwr-»f
the Entente fleet in the harbor. Many
-of them chose the latter. Warships
of the Entente made r. demonstration
at Piraeus, the port of Athens.
The disorganized bodies of the
Greek army at Salonlki, retreating
from the evacuated forts on the fron
tier. reorganized and placed them-
.selves under revolutionary leaders to
repel the Bulgars. In Athens, as
part of the uTTimatum of June, whole
sale arrests were m de of pro-Oer-
msn officials, and the Allies took
charge of the telegraph and post of
fice until Premier Za mis promised to
attend to them more satisfactorily
himself.
But even the thoroughly sympr-
thetic “neutrality’’ of M. Zaimis suit
ed neither the Entente nor the ris
ing feeling of the people for inter
vention. When on the evening of
Monday. August 28. it waa learned
that Rorumania had en’ered the
war, demonstrations of applause
were held before the legations of the
Entente.
The day before Venizelos had ad-
* dressed a crowd of 80,000 from his
balcony. He called upon the King
to dissociate himself from evil in
fluences and to act in accordance
with the obvious will of the people.
He declared his belief In the victory
•of the Entente and deplored the fact
that his country might not-share it.
On September 12 Premier Zaimls
resigned. The next selection was M.
DemitracopouioS, who was at once
rejected by the Entente. On Sep
tember 16. Nikolas Kalogerpoulos
succeeded In forming a cabinet which
contained Uvo members notorious for
police hostility to the Entente and it
- . „ „ . . , __ , .. . Georgia Southern and Florida Rail
treaty of defense In the spring of the fighting in Dobrudja up t°. way an d associated lines—that Is the
1913, but it was still Constantine, last Sunday: . ' record presented in a textile direc-
now King, who successfully led the In the five days battle waged on t for 1916 Jugt lB8Ued ln booklet
Greeks against the Bulgars. For the Dobrudja front the fighting form . the indU8trtal and agr i C ul-
two years they divided the fame of throughout has been of a desperate tural de p artm e n t of these roads to
heroes among the Greeks. | character. In the earlier Phases of 8how the ld advancement of the
At about the time Prince Co stan- tfee engagement the Bulgars, with, textl)e lndust ln the South and lt8
tine had married Princess Sophia, the recklessness of despair flung nmiHihimiAn fnr fllt , ire develonment.
the sister of the new German Kaiser, themselves against the allied line,
in 1889, Eleutherios Venizelos was There appears to have been a con-
growing into manhood as the son of siderable stiffening of German troops
a wealthy merchant of, Crete, then among the Bulgarian attacking col-
under Turkish rule. He was to live umns. These came on in mass for-
SUB m CAUSES ENGLAND Cnill 6
TOIOOK TO BER COMMERCE uWUI
/
TS IN AMERICAN BANKS
ON WONDERFUL GROWTH
to help free the island from that
rule, first as high commissi ner of
the powers, and then as a minister
of state at Athens.
About the marriage of Prince Con
stantine and the Kaiser’s sister a
word should be said. The marriage
was the last hint of diplomacy con
veyed by Bismarck to his young sov
ereign. It had also the approval of
Queen Victoria;' the Kaiser’s grand
mother. The Kaiser went to Athens
for the wedding, and began to culti
vate his brother-in-law.
But two years later his sister join
ed the Greek church, and this led to
a family rupture between Potsdam
and Athens. .At last v Queen Victoria
intervened, saying: “Sophia • has
doubtless acted from the inspiration
of pure and lofty ideals,” but until
a year ago the Kaiser and all he
stood for was completely out of the
Hellenic frame. Count von Mirbach-
Hariff, the German minister at
Athens, restored him. He convinced
Constantine that his brother-in-law
could not possibly lose in this war
Since the Turco-Bulgarian treaty
of July 22, 1915, the diplomats of
the Allies in the Balkans had b Id
their governments that Germany
would shortly aid Austria in a sec
ond Invasion of Serbia, and that Bul
garia would jointbemi. There was
the Franco-British expedition at Gal
lipoli which must be protected. Ser
bia also claimed protection. For
months Venizelos had been negotiat
ing with the Allies to that end.
mation. Among their ranks the al
lied artillery did terrible execution.
“Smash through at any cost,”
seems to have been the Teuton mot
to. Physicially enfeebled, their ef
fectives thinned by terrible punish
ment, the Bulgars -and Germans
made a final effort to break through
the allied line. For. the supreme ef
fort reinforcements were brought
from other points, including a num
ber of Turks hurried from Thrace.
The Turks were placed in the van-
guard.-Tiut the new attack was un
able to make any impression on the
allied line. •*
The intended sledgehammer blow
proved In delivery but a puny effort.
The allied front along the ground of
the enemy’s offensive was covered
with dead. Finding the ertemy had
spent himself, the Allies lost no tfme
id delivering a counterstroke. Amid
great enthusiasm, they dashed for
ward—Serbs, Russians, and Rou
manians. With the terrible fate of
their comrades at Tutrakan still
fresh in their memory, they leapedi
the trenches with irresistible fury
and flung themselves against the
shattered remnants of the Teuton
force.
Bulgars, Germans, and Turks, un
able to withstand the onslaught
yielded rapidly and refused to face
afresh the oncoming Allies. Aban
doning artillery, munitions and many
wounded, they retired • southward
The hapless villages on the line of
retreat suffered the vengeance of the
baffled foe, who everywhere set them
Great Brlatin Will lighten Grip by
Refusing Supplies to Ships Car
rying Blacklisted Goods.
The contiftued depletion of the
world’s supply of tonnage as a result
of the operations of the submarines
of thejCentral Powers will be met by
an increase in stringent measures by
which the Entente Allies design to John Skelton Williams Tells
NEW POWER TO BANKERS
possibilities for future development
The directory shows a total of 63 5
cotton mills, 152 knitting mills, 33
woolen mills and 7 silk mills, with
eleven new textile plants under con
struction at the time the informa
tion was compiled. The knitting
mills have 23,57 9 knitting machines
and 2,633 sewing machines. The
names and location of the different
plants, with information as to equip
ment, power used and character of
product, are given.
According to the most recent
statement of the Unit'd States cen
sus bureau there are T3;245,148 cot
ton spindles In the cotton growing
states. Of the spindles shown tri-
butary to Southern Railway lines,
68,000 are in Indiana and Missouri,
while ,all the rest are located in the
Southern states. These mills with
additions since madi to the equip
ment of established plants, make the
total number of cotton spindles in
the South on the Southern Railway
10,000,000 or frve-sevenths of all the
spindles in the cotton growing states
and almost one-third of all the cot
ton spindles in the United States...
control shipping, so as to Insure it
being used'to the best advantage of
the Allies and prevent it even Indi
rectly aiding their^opponents, accord
ing ta a statement made to the Asso^
elated Press by Lord Robert C6CI1,
minister of war trade.
Ixml Robert admitted that even
the present rate of destruction, with
out considering the possibility of a
resumption of unrestricted
United’ States Has Become
ia~thfl prat,aJing..ffa.Mwaryi whoa —Every ‘ otm 'flPrc 18 phased
the expedition had first landed, he
bad offered them 150,000 men in
secret conference. England later of
fered Cyprus it return. King Con
stantine and the general staff had
repudiated that offer. He now offer
ed them a pied-a-terre at Salonlki.
and told them of the Greco-Serblan
treaty, which would inevitably bring
Greece into the war should Bulgaria
join the Teutons in the invasion of
Serbia,
He was mistaken. Bulgaria join
ed the Teutons, and all invaded Ser
bia. The Allies landed at Salonlki.
But King Constantine did not invoke
the Greco-Serb treaty. He declared
that no “casus foederis’’ existed, as
Bulgaria was. not the only enemy.
The next day Venizelos resigned the
premiership. This was on October
6. For seven months he was s wan
derer. On April 19 he accepted the
Invitation to stand as Liberal candi
date at the by-eiection in Mytliene
on May 7. So Venlzelos returned to
Greece.
He found the country a political
and social chaos. The army, still
mobilized*, had almost driven the
country to starvation. Athena was
full of German spies and agenta fit
ting out supplies for submarine
bases among the Greek islands. Only
Saloniki, where the Allies were, was
prosperous. ,
There the new Serb army, refitted
at the expense of France at Corfu,
had already landed. He knew some
thing about the plans of the Allies
and of the Italio-H ximanlan treaty
which would bring Koumauia into
the war at .the right time^ .He be
lieved that Greece, in spite of Con-
with the stand of the Roumanian sol
diers when at the outset they*found
Xi|sa|jauina v oj pesoddo saA[dsmaq)
superior foe.
DAMAGED NAVAL BASE
preme in World’s FtuuicUl Iw
flthence—Most Use Power Profit
ably Bnt Fairly.
National bankers gathered in Kan
sas City, Mo:, at the annual conven-
subma- tion of the American Bankers’ aaso-
rine warfare, meant a serioue loss to c i a ti 0 n were told Tuesday night by
the world s tonnage, and that conse- . . * ,,
quently it could not be expected that John Skelton Williams, comptroller
British coal or other British facilities of the currency, that they could ful-
should be expended on ships carrying fill their duty to the world in the
goods to blacklisted firms. The En- g re at Unsocial construction following
tente Allies will increase their ship- t j, e European war only if they “put
ping measures, which a ready rre ^ gou j of t j ie p e0 pi e j n U8e an( |
proving valuable, in making the best a ppijcation of the dollars.“
use of available tonnage in proper-1 “\Ve have outgrown responsibility
Hon as the Germans succeed In de-. to our (OU ut ry ant i generation,’’ said
stroying merchant ships. \yiiii am 8. “We have become ro-
The minister <of war trade said sponsible to the whole world becauso
that as a matter of course the En- vve have become the supreme world
tente Allies would be favored, as re- power especially in finance. It la
gards the use of tonnage, and that ,for you, gentlemen, to determine
neutrals engaged in Entente Allies’., whether these dollars of oura shall
trade,would receive the next,consia- prey upon our country and the world
' ‘ or un-
eration. Neutrals suspected
neutral acts, hejidded, would not en
joy the usual faclliti !8.
GOES TO HEAD CITIZENS
Venizelos Says He Ha» Accepted
Head of Defense Movement.
Eliphtherios Venizelos, former
premier of Greece, in a column long
message to The London Timaiv, giv
ing the' reasons for his action in go
ing to Crete as the head of a na
tional defense movement, says Wed
nesday he is acting in response to a
call of his countrymen because “I
wm—abooHrtely cwnrlnced-Hmee who-
COTTON PRICE BOOSTED
BY GOVERNMENT REPORT
with teeth and claws, or shall have
souls put into them to upbuild.’’
The comptroller spoke before the
national bank section. He reviewed
the progress of banking under the
federal reserve law, sketched the
commanding position the United
States has taken in world finance, de
clared that for the first time America
had become distinctly a crediting no-
New York and New Orleans See Ad- 1 Hon. urged the bankers to take a
more active interest In politics and
vance of WO to 0*2 Points on
Monday’s Deport.
Berlin Says Air lUid Met With “VD
Ihle Success.”
The British naval base at Ports-
mouth and military establishments
near the mouth of the Thames and
at North Shields, yincoln and Derby
were attacked by the Zeppelins
which raided England Monday night
the German admiralty announced
Wednesday. The official account fol
Ipws:
“On the night of September 25-26
several German airships bombarded
ez’enstvely and with visible success
with explosive and incendiary bombs
the English naval port of Porta-
mouth, fortified places near the
mouth of the Thames and industrial
and railroad establishments of mtll-
i tary Importance In England, Includ
ing North Shields, Lincoln and Der
by. The airships returned unharm
ed. notwithstanding strong attacks of
anti-aircraft guns.’’
~Tias never Ticca TT > coSnlxed'~By the sTainTfftr, had anpthPT chjrnrg ttr~Te='
latter. Tn their cTrcumstancVs. witn '
Abe continued success of the Entente
c»
ID
armies on the battle fronts, inter
vention was looked for most any day.
Meanwhile 1 , without any royal
mandate, officers of the Greek'army
have- assembled as far as possible
thedemoralized troops as volilnteers
ana camps have been established on
the hillsides around Athens. Al
ready stores of munitions have been
collected there and at other places;
under French auspices, for the ob-
vio.us use of the Greek troops. t
The annual eontingotu of recruits
is fixed by parliamentary,law at 25,-|
000.• The peaco^footing is 60,000
men. And the war footing on the
recruit and reservist basis would
produce from 280,000 to 300,000 T
Military observers say, however, that
such the spirit of the Greeks that
an army of fully 500,000 men could
be raised, including many veterans
of the 'Balkans wars—for Greece
suffered least of all of the Balkan
•States—in spite of the disarganizi-
tion wrought in the Third Army
. Corps on the Saloiyki border.
After the Balkan wars Greece
aspired to possess a navy commen
surate with the extent of her coast
and the chance of a war with Tur-^
key. Aside from ssessing the old
battleships (armored cruisers) Spet-
sai„Hydra, and Psara, each of 5,000
tons and with three lOlYPinch, five
6-inch, and one 4-inch guns, built
from 1880 to 1889; fourteen de
stroyers, seven torpedo boats, and
' two submarines she had purchased
in'1905, from the -Ufa!ted States the
battleships Idaho and Mti&fssippi,
which were renamed Kilkis and
Lemnos, (14,165 lops eachr with"
four 12*inch eight 8-inch, eight 7-
inch, twelve, 3-inch, four 6-pounds,
, and 2 1-pound guns), and in 1912
the Helle, a cruiser from China. She
also possessed the ba*tlesh«p Auer-
off (10,118 tons, four . 9.2-in(:h,
oight 7.5-inch, and sixteen 12-pound
jguns), the gift of-M. Aueroff. who
left -his fortune To -the Greek navy.
When the present war began
Greece had building the battle cruis-
er George I, In Germany, a dread^l They had tried to do the first. They
i ' is-hl Tn Frafice, and a small cruis- were not strung enough to do Ute
— fnar daelrngara in.England
The first has been taken over by
Germany. The others have been held
•“subject to \he'needs of Greece” at,
the place of their constrnction.
Although present events in Greece
deem Both her honor and her for
tunes.
Meanwhile, what had King Con
stantine been doing*? From the date
of Venizelos’ resignation until Nov
ember 6 he had governed without a
cabinet, except as directed by M.
Zaimis foe a brief period—some
Greek lawyers said without a consti
tution. Then general elections were
held. The soldiers under arms could
not vote. The followers of Venizelos
and the Socialists refrained from
voting. With a chamber elected in
this way Skouloudis became premier.
Those were dark ’days for the
Allies. Russia was held between
Riga and the Roumanian frontier,
the French and,English in the west:
the Teutons occupied Serbia and had
opened communication with Constan
tinople; the Gallipoli expedition was
about to be withdrawn; the Mesopo
tamian expedition Was inoperative;
the Turks held all Armenia, a’great
TuYko-German expedition was being
prepared against the Suez Canal.
I-n these circumstances the King
again became popular. It was be
lieved by many that he had saved his
country from the fate of Belgium
and Serbia.
"’. But there were the constantly
augmenting armies of the Allies at
Saloijiiki., Their sli ps still com
manded the Mediterranean and the
Aegean. There were the Bulgars in
Macedonia'threatening Greece unless
she got rid of her unwelcome guests.
When in F bruary, the strain be
tween 'Athens and Saloniki had al
most' reached the breaking point
Prince'Nicholas made A tour of some
of the chancellories of the Allies to
explain the attitude of his ^brother,
the King, but more particularly the
attitude of the Greek people. He
frankly blamed his hosts for the dip
lomatic and- military .condition of
Balkan affairs.
He said that both government and
people had been drawn by two
forces. First. ■'* th# Entente had
wanted Ttfem to remain neutral to
preserve the equilibrium of the Bal
kans. and then fight to save Serbia.
■afanri He —rtediui in an open
letter published in the Temps of
Paris'February »:
“The Eentent keeps repeating to
«« that we ou(ht to have entered
the strnggle to preserve’the Balkan
equilibrium. That equilibrium is as
necessary to us as to the other Bal
kan powers. We i hall do our ut
most to see that it is safeguarded.
Would that equilibrium have been
maintained it we bad been beaten
and crushed? But has this equili
brium always been so dear to the
Entente,’ which at one moment exer-
cised pressure pn us and on its aiIy,
Serbia, that we FhouhFBe broTTPh for
the benefit of .Bulgaria, to be re
stored later by other, concessions In
the event of victory?’’
Sufh was the situation when Ven-
| izelos came back to Athens and pre
pared to start his campaign as a
! candidate at Mytilene. At Athens he
j launched a new Liberal'organ, the
Kirix. which .attemp'ed to clear the
atmosphere by publishing his leters
to the King previous to hfs resigna
tion as Premier in October. In a
long seric# of articles he and his col-
laborators laid ba^e the Balkan
diplomacy for the last three .years.
Venizelos was elected May 7 and
took his place as a deputy in the
chamber. Meanwhile the Allies, in
order to bring the' crisis between
Afhens and Saldniki to a head, on
June 3 declared Saloniki to bo in a
state of siege. Venizelos was h..stily
summoned to the palace. He de
manded two things: the dissolution
of the chamber with a new election
and the demobilization of the army
so that the soldiers could vote. On
those conditions he would again be
come premier; then he would see.
Here the Allies came to his res-
-cue. They appg^mdaJted his demands
and added td theTnv^-a new cabinet
with • Eentente sympathies and tl^e
dismissal of anti-Entente officials.
These demands were in the form of
an ultimatum. The King accepted,
the ultimatum aud on June 21, M.
Zaimis succeeded M. Skouloudis as
minister and Venizelos promised to
support him. The army was demo
bilized and the elections set for
October 8. Not long , ago Take
Joneseu, former minister of interior
Roumania, and now a member of
the new coalition cabinet there, thus
described his Greek colleague f .
“That head like a Byzantine saint
straight from a church fresco, that
gentle and penetrating glance, that
subtle smile, that irresistible sym
pathy which radiates from all his be
ing, the almost girlish modesty, all
the more charming when combined
with a will of Iron—that *« Ele i-
therios Venizelos as 1 ’’
i ^ ^ ^
Children's footwe:.r is scarce, say
the authorities.— All this uu auuuttr
now really control Greek policy do
not honestly intend to arm the coun
try and drive out the invading Bul
garians
M. Venizelos says he advised from
the beginning of the war interven
tion by Greece on the side of the En
tente allies and that subsequent
events proved the wlsdo mof his pol
icy.
“I can wait no longer.” said M
V’enlzeloe, “I am not heading a revo
lutionary movement in the ordinary
sense of (he word. The movement is
not directed against the King or his
dynasty. It is the last effort we can
make to Induce the King to coifie
forth and follow the path of duty in
the protection of his subjects. As
soon as he takes this coarse we shall
follow his flag as loyal citizens and
be led by him against our country’s
foe.”
a a a i
WARSHIPS CONVOY CRUISERS
Twelve American Battleships Protect
Interned German Ship* on Trip
The Cermcn interned cruisers
Kronprlnz. Wilhelm and Prinz Eltel
Friedrich, left the Norfolk navy yard
for Philadelphia Friday morning
The Kronprlnz was towed by five
tugs and the Eitel started out under
her own steam.
They proceeded to the Virginia
capes, where they were met by the
twelve battleships, which will convoy
the cruisers to the Philadelphia navy
yard. Only eight o* the twelve bat
tleships have been ap* •‘Tflcally as
signed to convoy the two ~ulsers,
tnitms nil twelve of them havo ;heir
home stations at the Philadelpbi
navy yard, and they are en route
there for repairs and overhauling
after target practice and manoeuv-
ers, it was decided to have-tbe entire
squadron accompany the German
warships. This heavy escort was not
Intended as a protection against hos
tile action by allied ships, it was ex
plained.
The twelve battleships moved out
from Hampton Roads at nine-twen
ty, forming in line of convoy at the
entrance to Jhe capes, where they
waited for the Gbihuan cruisers. The
flagship Wyoming will lead the line.
warned them against the danger*^
too great concentration of wealth at
the expense of small enterprises.
W’hen the two government reports ,* l 1 .** I 1 ,*,™ 1 to * ra *P .
,• ... thought that this country of onre
became public on the Now York and >htch , n 19 o2 had already reache*
New Orleans cqtton exchange prices a pinnacle among the nations, has
~wtmwed an advance of
-P#—te-
polnts, which resulted la,a heavy vol- of its business in virtually all tba
ume of trading. ’ | great cities of the land ' ’ be asked.
Various agencies and agricultural “If wre should divide the new wealth
interests have been predicting for created annually among all the men,
some Ume that cotton would reach women .and children engaged at
the highest figure of its history this work, they would have not tar from
year, because of the shortage of the H.aOO per year each.
of the audden demand of the ladies
fAr-ehoes of gray snede, which made
all the manufacturers seUe that op
portunity of getting 93.10 per foot iutTu
GINNING BREAKS RECORD
Four Million Bales Ginned as Crop is
Much Earlier Thau Before.
Ginning of the cotton crop is
breaking all records.. Announce
ment Monday by the census bureau
that 4'062,991 bales had been gin
ned from this year s crop prior to
September 25 jdisclosed that all for
mer totals for ginning* to that date
had been exceeded, even that of 1914
when the country’s largest cotton
crop was grown and 3,393,752’bales
were ginned to September 25. ■
Heretofore the largest quantity
ginnhd prior to September 25 wafirin
191lJ when it was 3;676,659 bales
Ginning /to September 1 this year
amounted to 860,812 bales and from
that date to September .25 the quant
ity ginned was •3‘'212,179 bales.
The extreme activity indicates that
the crop this year is much earlier
than in fonder'years, but it Is point
ed out by officials that the quantity
ginned to certain pc/iods is no gage
of the country’s total production
which this year, from all indications
thus far, is below the average.
Barker for Wilson.
John M. Parker. Progressive notA- OanUve* in Hi
Inee forage# president, has offered!—— 1 ^ .
to speak in support of President
Wilson in the campaign. Hie offer
haa be^p yceaied., hy_the president
ill ’ ake speeches fn Ohio. New
crop and the enormous consumption.
Some have predicted that, with prop
er handling, the staple would reach
the unprecedented figure of 30 cents.
One of the most sensational ad-|
vances in the history of the cotton!
market attended the publication of I
the two government reports ct Newt
York and New Orleans Monday. *- |
Since the beginning of this season!
there have bee many perioda of ac
tivity and excitement, but none of
them have approached Monday's
movement, either with reference to
extent of fluctuations or in volume;
of trading
“<>ur bank deposits at this time
are so huge that if there should be
withdrawn an amount of deposits
equal to the total present re
source* of the Bank of England,
the Bank of France, the Bank of
Spain, the Dank of the Nether*
land*. Uie Bank of Norway and
the Bank of Sweden, the National
Bank of Switzerland, and the Im
perial Hank of Japan all rombtaed.
the depoaits of our baaks would
■till be aa great as they were three
were three yean ago.
‘If a balance would be struck to*
The demand was stimulated by the i^; M th s M J rob ^V t '**
ndltion figures of 56.3, or the low-' ““ .Z "'Jn n* Si!*
time In our history, a distinctly cred
iting nation. Wa hold a mortgage
on the world's physical aaaeta. Tha
world holds a mortgage on our soul,
on eur good will and broad nobility
of purpose.
condition
est on record, indicating a crop of of
flcially llj«37.000 balea. Within a
few minutes after these figures were
Issued January contracts sold at
17.03 or $4.60 a bale above the clos
ing price of last week.
WILSON OPENING UP
IMans to Meet Newspaper Men Twice
a Week for Discussion.
President WTlson Friday arranged
to resume conferences with news- . „ . _ .
paper men uhich were a feature of ™ W t0 the ““ lT “
“Patriotic Americana have a right
to gloat over such a showing with
swelling pride. Thoughtful Ameri
cans will find fear thw wealth may
bptray us into rapacity and inequal
ity of distribution that will mean de
struction.
“The law of gravitation, aa we
know, applies in finance as in the
physical world. Huge actions of
the first two years of his administra-1
the lower masses
tion. Through this medium he is ex-l rJ**
pected to discuss poTHicai tubTeriiJ' „ ^ m .? 1
frM ly | Vital business duties which He J>e-
Soo'n after entering the Wh i t e ^ i r « us relat f to «P bu ‘ ,d ‘ n * ® f
House the president Inaugurated the e 1 T cl * U J
policy of seeing Washington corre- nil to . * n ?
spondents twice a week and submit-f*!?. 01 *" 16 ”, 1 ’ ,n(,ertal(, "k" ,n the lesser
ting to a cross fire of questions. ? nd * 0 . wn, and ‘ n °“ r coutr *
When foreign affairs became delicate d ‘ 8 . trlct ^ Those provide the surest
Mr. Wilson stopped the conferences. ““ d °k x hl f h J.°
He now plans to see newspaper men, er ^p£ nat ona , ^. ea tb ' , . b ® ^K C . are ?’
twice a week while at Shadow I>awn. i « comptroller paid tribute to
Secretary McAdoo. In summing up
the results achieved under the fed-
Democratlc leaders, and attending to ! re8er ]f® system. Mr. W illlama
u- t.,,, said rates for money had been lower-
The president spent several hours
reading letters and telegrams from
public business. Saturday he will oeeu tower-
review the Fourth New Jersey regi- ed and e <l a a»*ed, business of all
ment at Seagirt, N. J., and will ad-’
dress members of Yr unr Men’s Dem
ocratic clubs from New York.
GERMANS CLn^** GAINS
East Secs Big Battle in Progress as
Teutons Attack.
kinds placed on a stronger foundar
lions and bank failures greatly re
duced. *
Meanwhile l big battle is in pro
gress on the eastern front in the re
gion between Lutsk and Vladimir
Volynski, around Sviniusky and
Korynitza whe-! the Russians are at
tempting to advance, but the Teutons American dollar.’’
are impeding them ' y heavy counter
attacks.
The German war office says these
counter attacks in the region of Kor
ynitza have resulted in the recaptu-e
of positions lost recently by the Teu
tons and that the allie’ forces have
now passed on beyond them. Heavy
casualties' were inflicted on the Rus-
“It is certain tlurt just before ns
a few months or two r three
years,” he said, in conclusion, “a
mighty task is to be done to reor
ganize and re-establish the nations
of the earth. We have the right
to do it to our own profits but it
is our duty and our opoprtunity
for the word ‘fair’ goes hand In
tuuid with the wor-l ‘profit.’
“Let us’ have the great American
soul go in company with the great
BIO STRIKE ON
125,000 Workmen Quit But
1'ork See Little Evidence.
New
The general strike of labor unions
sians, says Berlin, and -in addition in sympathy with the striking street
forty-one officers and twenty-eight car men was supposed to be effec-
thousand men were taken 'prisoner live Wednesday, but although labor
and one cannon and seventeen ma
chine guns were < artured;
TOOK 420,000 PRISONERS
Bus«ian General Staff Announces
Offensive.
The Russiai; general staff an-
leaders claimed that some two hun
dred and fifty thousapd workers had
responded to the call there was little
evidence that a strike was in pro
gress.
Private canvassers among th#
labor unions reported that at least
twenty-two unions h~d -tailed to re
spond to strike calls Wednesday af
ternoon. The only report revived
at police headquarters was that two.
TTe
York, and New Jerae/. The preai-
dent rece: ed a letter frou- him from
New Orleaaa Friday, according to an
announcement hr admlnl-tr tion of-
nounces that since Gen. Brusiloff be- hundred and fifty members of th#
gan his offensive four hundred and painters’ union had rrfused to *•-
twenty thousand offlcert and men of port for wdrE
the Teutonic allies *have been made < Union workers to the number of
prisoner and six hundred cannon and one hundred and twenty-five tlM
two hundred and fifty machine guna sand aix hundred are oa strike
and mine throwers have beta cap-. sympathy with the atrikinc
tared. employeea, according to figursa
"j;: