Richmond Palladium (Daily), Volume 38, Number 32, 17 December 1912 — Page 2

PAGE TWtf. THE RICUMOXD P4 I.LA1UU3I AND Sti N I TWJKi HAM. TV ESD A Y DKCKMIiEH IT, 191?.

MILLIONS USED TO PLAY THE MARKETS Vast Sums Drawn from Interior Banks to Finance Wall Street Game.

A GREAT REVELATION

Which Will Even Surprise Wall Street Is Expected Very Soon Now.

(National News ABHoclatlon ) WASHINGTON. Dc. 17. Revfla

tions that hundreds of millions of dollars of the cash of the country is drawn each year from the interior banks to be used for financial juggling in Wall street, will shortly be made by statistical experts who have drawn up a great mass of data for the committee's use. The? exact nature of these could not be learned but it is stated that they will be in such form and make such a huge total as 10 surprise even Wall street. Samuel Untermeyer today called John Aspegren, president of the New York produce exchange, to testify as to the relations of that body with the stock exchange. Untermeyer is not satisfied with the testimony he has secured relative to the Hocking pool and will call more witnesses to tell about its financing by James R. Keene. Mr. Aspegren, the first witness today, said his exchange was incorporated. Incorporation, he said, was a herp in that it discouraged litigation, but he did not call it an unfair hardship. He testified that the produce exchange some years ago started a practice of dealing in securities but did not deal in any that were listed on the New York Stock Exchange. Later his exchange abandoned the sale of all securities after some conferences with members of the New York Stock Exchange. A produce exchange committee conferred with some governors of the New York Stock Exchange, and as a result the produce exchange got out of the securities market. This date, as near as the witness could recollect, was Bomewhere in 1910, but the witness said be never attended any of the conferences and he denied be knew what motive influenced the produce exchange action. . Showing to a strartling extent the power that Wall street possesses of bidding up the call money rate and attracting hundreds of millions of dollars from the country banks to the speculative market of New York there was presented to the committee a report of a special inquiry made by the committee's expert. The figures of this expert, J. D. Niven, a New York accountant, showed that last November, when the money rate was high the 19,000 country correspondents of the 32 leading New York City banks had loaned for them for use in Wall street approximately a quarter of a billion dollars in addition to practical

ly half a billion dollars on deposit in New York. On July 1, when money was easy, they had only $141,048,000 of such loans showing a difference of about $100,000,000 attracted 'to New York by the high money rate. "If Wall street speculations were curtailed," the witness said, $250,000,000 of the fund would be available for industrial purposes throughout the country." M. W. Ewer, cashier of the National Park bank of New York, told the committee that he did not believe that if a law were passed to put a limit on time money rates it would have any effect on speculation in New York.

ECONOMY INSTITUTE IS WELL ATTENDED New Officers Selected for the Forthcoming Year Good Speakers.

STOCKMEN TO MEET

AT PURDUE

U IV

CAPITALISTS ARE FIGHTING ALLIES

Will Give Suggestions to Per- Dr. Daneff Resents Interfcr-

sons Attending the An- ence of Financiers for

nual Short Course. the Turks.

ENTERS A DENIAL

i Butler Testifies He Never; Counseled Violence. i

i i I (National News Association) INDIANAPOLIS, Dec. 17. .1. T. But-; ler, vice president of the Ironworkers' International Union, testified in the dynamite conspiracy trial here today that he had never counseled violence. He explained obscure references in letters written by him to .McN'amara aa referring to organization work alone. On cross examination by d's- , trict attorney Miller, Duller admitted he was a member of the committee that audited the accounts of the or- ; ganization in 1910, but denied emphatically that several items of $1,000 j each, drawn by McNamara for "organization work" appeared on the accounts which he audited and (). K.'d with his signature. ;

(Palladium Special) ECONOMY, Ind , Eec. 17 The Farmers' Institute held here Dec. 11-12 was well attended. A few changes were made in the personnel of the officials. Harry Macy, formerly township chairman, was elected county chairman; Thomas Hartley was elected township charman, and Frank Pierce, secretary. One of the features of the meeting was the music furnished by the Economy Glee club. The addresses of J. H Driscoll were well received and the elocutionary attainments of Mrs. Julia Walker were highly appreciated. The original membership of forty, secured when the institute was organized in 1911, v.-bs augmented to sixty at t'"" last session. The date of the 1013 session was not determined.

SAFE. RULES. It if given lo few persons to keep this secret well. Those who lay down ru'rs too often bresk them, and the safest ve -ire aire to sUe is to listen much, to sjx?ak Utile and to av ncxhina that will e'er gtv? ground lor regret. La Reche-Icucau'd.

GRAND JURY FINDS TEN TRUE BILLS The jtrand jury this afterr.ot-n re turned ten indictments Two i ' v in (Ireensfork. whose narr wire rt : d-s-tis.d, were indicted Truo bilN Mere fi-i.mi against John M-.1W f larietiy. John Denny, for bt:rl.tr. at ; I Ki.'.w t '.l for larceny.

Pa'hi.iium Special (National Nw A5cr.o.innl

LAFAYETTE, Ind.. Dec. 17. A most LONDON. Dec. 17 That the capiinstructive part of the annual Farm- talistic frroup of Europe is arrayed ers' Short Course at Purdue university Kinst the Balkan allies was The . , .. . ," statement made here this afternoon promises to be the various stock- , , . bv Dr. S. Daneff. leader ot the Hule.irmen's conventions which will meet at ian rlvoVs to the London peace conthat time. The Indiana Sheep Breed- ference. era- and Feeders' associations have a ' "Financiers are attempting to make

W ANTED

Everybody to see the Vitagraph 3 reel feature tomorrow and Thur oay. "THE MILLS OF THE GODS." ar a V " A v w m WW' w

g oc A Hi. A 1 1 1 111 h. A 1 t. K .C

CSSSS2SX22

1

most interesting program for Tuesday, January 14,

scheduled favorable terms by maintaining the in

tegrity of the lurkish dent, whirl.

LEFT BiG FORTUNE Canao'ian Chinamen Died a3 Result of Heroism.

means that the capitalists are arrav tl

Gecige Cavan. of International repu- . HKaingt the allies." declared Dr. Dantatlon as a sheep breeder and import-jeff. tr will speak on the subject. "An Eng-, .., b,Iieve th? eonferer.ee will bo lish hheep Farm in America." Prof. succeMful, but if Turkev refuses to i-. G. King will lecture on "Lamb ac,ept the bour,darv line we have hiid Fetdli.g for the Market." and Prof. H. , rtown for hpr j wln tekeraph to Soli i L. Allen on "Food and Clothing- Mm-I to ol,cn flre on Adtianople at or.re. ten and Wool." We vv,n fC(1p Hodosto. nnd the terms Uedr.e'-day evening. January 15th, or our indemnity demands rur.v be rewiil i e f-iytn over to the annual meet- arrarged but the principal demards. ui:,s oi the Indiana Hereford Hretders" jn ludiag the disposition of Salonika association, Indiana Shorthorn Breed- and Albania must be met reasonably "rs' association, and Indiana Angus b- tne Turkish envoys." Ln .'. !' asstciatien, for each ot '

LYRIC THEATRE--TUESDA.

"Brutality "Riojrraph. '.Miss Simkins Summer Hoarder"

Essanav

(r.i!b:l:i:m Spr drill

EDMONTON, Alia.

Dec.

MESSENGERS $105 Loses It From Package Containing Over $20,000.

(National News Association) CHICAGO, bee. 17. Raymond Rogers, express messenger in South Chicago is held at the police station today because he jailed to deliver a package containing $20,000 to the National bank there. Rogers started out with a load of pig iron for a foundry and the package containing the money. The pig iron was delivered. Detectives followed Rogers about South Chicago most of the day. He hauled trunks; suitcases, coal and cord wood. Finally the detectives caught up with him. Rogers produced the package. The money was short $105. Rogers could not say where the money had gone, but remembered that some of the pig iron fell on the package and broke it open.

Kwong Lang, a laundrynv.sn, who ... his life after saving six of his country men from suffocating in a burning building, was honored in his death by scores of w';ite men and Chinese. The funeral services, in which his hero'sm was extolled, were largely at traded. Kvvonf was 47 ears of age nr.;l passed 25 years in various pan : of x": United States and weFtern Canada. Ho carr.3 to Edmonton seven years a so and amassed a fortune by investing his earnings in inside property. Hij estate includes three budding sites ;n the business district arc! a bank account. He had planned to return to China this month. His widow, living n thn I'-ovinc" of Hoy Pan, is t ' 1 sol? beneficiary. The estate will be convened into cash and forwarded to China.

whi. ii met tinra a most interesting ji t:u !-.- teen arranged. On this same vt r.tn.g a joint a -sociatioa ret tpta a v. ill lo held in the Memcr al ' I'cr all attending faiuurs. O.i T'.-.-r '.ay, January in, a, t.: aar.i:ai me' '1:3 of the Indiana Live Si ;:! i:i'trdtrs" association will be held. In the icien'.-on, Secretary D. O. Thompson v.T.i aisdress the meeting up n tiu julject "More Live Stck for ladiaaa,"

WOMEN TO LOSE OX THEIR VENTURE

1). H. ; . lani th

am: the principal adores.-' U i' nocn will Le delivered by 1 r tL s ct the Department cf ai er.unt of tiu I'uivt rs;ty c, sin College of Agricu.l . , Eubjcct. ".'ho Faiaitr Ad a Manage r."

All the men in attendance will be S'iven oppci'tunity to attend the stock Judgins classes hld tluxughout the week by the Animal Husbandry Depal traent of the School of Agriculture. Lverycne is cordially invited to at-

( N'-i i Till News Asjo.la! ln ) c:;.CA"0, Dec. 17 Chicago club '." 'or.cr. n ::o purrhr. e d ten carloads f ip.;s snd advertised that thy .fi.ld be scld F'r'day for 21 cents per f'.i :en. are firing a loss, say ccmmis'irn men tcday. The warm weather r-.d the absence of snow has brought in a great quantity of eggs and the pr.ee is steadily declining. The eggs which the club women purchased at 20 cor.ts a dozen wore aucted to

ess , flcr.!er-j yesterday at IS and ISVa cents.

MEY

9

For Appropriate and Useful Rifts.

White Paint. To remove niateli murks from while paint rub them with a cut lemon. To prevent a repetition of the marking and cure the offender from attempting

Far More Beautiful, yet Costs Less

teaci n.l of these sceoiona of the vari- !t "-"l1 mnenr tne spot witn a tnui e,u3 i;.e Lt3ck men of Indiana. i t-oat of vaseline.

PRESIDENT MAKES FEW NOMINATIONS

Not of Much Account, The lord chief Justice of England used to sing In the choir of a parish church. A womau eme'e asked the verger to point out Sir Richard Webster as he then was. The verger replied. "Well, ma'am, that's the vicar and them's the curates and I'm the vereger, but as for the choir, as long as they eloes their dooty we dou't Inquire into their banteeedents!"

(Nntinnnl News Assodn tion 1 WASHINGTON, Dec. 17. President Tafl today sent to the senate the following nominations: To be members of the committee on industrial relations: Sen. George Southerland of Utah. George B. Ch?.ndler of Connecticut, Charles S. Barrett of Georgia, Frederick A. Delano of Illinois, Adolph Lewisohn of New York, Fred C. Wedtman cf Missouri, Austin B. Carrestson of Iowa. John H. Lennon of Illinois, and James O'Connell of Washington, D. C.

Palladium Want Ads Pav.

12 v n

W 2 Want S03 Wives and Sweethearts of r'O men who smcke to remember that when puzzled as to what men like, the direct solution always is that they like to smoke. You can never 73 amis in selecting cigars for HIS Christmas gift. Ws will see to it that you choose aright and will guarantee satisfecticr. They will be good cigars, but if for any reason he doesn't lika '"icm, l!icy will be exchangeable for anything else he prefers. Gee us for Cameras, Dressing and Shaving .Mirrors, .Fountain Pers, Eox Cigars, Box Candy, Ninety-eight Cent Watches, Thermos Dclt'rs Pipes, Playing Cards, Manicure Sets, Etc., Etc. We sell Holly wrapping paper, Xmas Postals and Booklets, and Red Cress Stamps. CON KEY'S "The Drug Fellers," "The Place You Get the Most Change Back." Ninth and Main Phone 1904

s,

iX

m

'0

f

Diamond Rings $20.00 values at $17.85 $16.00 values at 13.50 $1200 values at 9-75 $ 7.50 values at 5-00 Choice stock of larger loose and mounted diamonds at pricec less than elsewhere.

Diamond Lavallieres 14k solid gold chain and

pendants $1250 value at $10.35 $15.00 value at 12.85 $17.50 valve at 14.85 $22.50 valve at 18.95

Bracelets Lra.3ge line of the latest creations in

All widths, sizes, plain signet and stone set, at prices you can't touch elsewhere

HE instant your eye rests on one of the

new Macey Book Cabinets, you realize tliat

it is far more beautiful than any everyday. one-Dieco

m

Dookcase you ever saw.

For their beauty is the beauty of the furniture designed

by the old masters bheraton, Chippendale, tc. beauty which is so perfect as to be a standard. And when you leam the prices, another surprise la tn

store for you. These beautiful pieces of cabinet work are so

inexpensive that both the taste and the pocket-book of

every prospective buyer can be satisfied.

Dooklabiriets

DO NOT LOOK SECTIONAL BUT THEY ARE You can obtain them in sections that will fit practically any riren vail apace. And new sections may always be added at top or sldea wita out making the set appear other than one complete piece of furnitam.' See our pretty Macey -Bookcase we are offering at $13.00. Three sections complete in quartered oak, Early English.

!8E

EdDdD off pS3s3s IFSiriL (Dturti: (Slsiss Bowls, Jugs, Plates, Dishes, Sugars and Creams, Celery Dishes, etc. Many pieces worth $5.00

Seven Days Till Christmas to select any of the following Seven Articles

VICTOR Stereopticon a Victor Post Card Projector Both use arc lamps so simple a child can operate. Graflex Camera

f

or a

KODAK

or a

NO. 1A GRAFLEX CAMERA Price Complete with KodakZeissens, Focal Plane Shutter and Carrying Case $88.00.

Brownie All Prices $1.50 and up

Photograph Albums Loose Leaf Something New ALL KINDS Calendar Novelties and Pads Perfume and Toilet Articles LEADING MAKES BRISTLE GOODS We have the finest and most complete stock in city. Nothing more acceptable than a fine Hair Brush. W. H. Moss Dreg Co,

i

O 12 North 9th Street

THE PLACE FOR QUALITY PHONE 1217. 804 MAIN STREET