Richmond Palladium (Daily), Volume 42, Number 25, 11 December 1916 — Page 2

THE RICHMOND PALLADIUM AND SUN-TELEGRAM, MUM DA I, DUU. iiivio

rootiG FREncra WILL STUDY BANKS OF UNITED STATES

PARIS, Dec. 11, (Correspondence of The Associated Press.) Next summer fifty young Frenchmen will be sent from France to the United States and Canada to study American commercial methods In large typical banks, factories and shipping firms, and to become acquainted with the' American mind and Its principal viewpoints. They will stay a month In the United States, visiting in banks, factories, and shipping offices at New York, universities and spinning mills in Boston, lumber mills and tanneries, in Montreal, canning factories In Chicago, the seat of government at Washington, Iron and steel works of Pittsburgh, the petroleum industry in Philadelphia, grain stores at Baltimore, and "culture in general", at St. IiOuls. Meanwhile fifty young Americans will be doing exactly the same Bort of thing in France with a view of getting a notion about French commercial methods and French points of view. Sets Special Rates A steamship company has agreed to charge only 1,200 francs per student for the voyage to and fro, the families and towns concerned paying onehalf and the Chambers of Commerce the other. The feeding of the youths and traffic arrangements generally will be undertaken by a travel agency. The students in order to qualify for the trip must have the diploma of a commercial high Bchool or agricultural college, and be able to speak well English and French respectively. The choice of the students in America will be made by the "Franco-United States" committee in connection with Ameri

can Chambers of Commerce; and, correspondingly, in France. The French youths arriving In New York will be personally conducted in groups by expert Instructors. Two French profespot will guide the American students In France. To Supply Information M. Gulstliau, president of the "Franco-United States," as Frank Vanderllp la president of a similar committee in New York, tells The-Associated Press that it Is hoped 'to establish after the war institutes in France and America which will supply all necessary commercial information, display specimen of goods and in general promote reciprocal economic knowledge between the two countries.

ITALY'S NEW TAXES BRING BIG REVENUE

ROME, Dec. 11. Italy's new war ta4 to be applied beginning next

June,' " expected to bring upwards of

forty nv. -on dollars. The heaviest tax, appatwtf)'. is Intended to fall on manufacture..' of war supplies, to the extent of GO pc cent, on profits earned nver 20 per ccr.v of invested capital. An additional tax of three-tenths of one per cent, is leviod on the foreign conmanies doing business in Italy. Another heavy tax fali.i on property owners. A direct tax of 5 per cent, monthly is to be paid by owners of apartment and tenement houses, or on rented houses. A small direct tax Is imposed on all soldiers and officers who, though mobilized, do not form part of the active fighting troops, and another tax Is imposed on men who perform no military duty because of ill health or other reasons.

EXPECT 300 DINERS AT ANNUAL BANQUET

COLUMBUS, Ind., Dec. 11. About 300 persons are expected to attend the

annuual convention of the Indiana

State Chamber of Commerce to be

held here beginning Dec. 28. W. J.

liogan, state president, of Indianap

olis, will preside. Among the speakers whose names appear on the pro-

MILLIONS IN FOOD SENT TO BELGIUM

LONDON, Doc. 11. Foodstuffs am

ounting to 2,300,000 tons and valued at $227,000,000 have been sent Into Belglum and Northern France since the outbreak of the war by the Commission for Relief in Belgium, says a report just Issued here. Besides foodstuff's the Commission has shipped Into this war zone something like 5,000,000 articles of clothing. Allied government subsidies for the , relief of people In these stricken districts have amounted to $183,000,000. Public subscriptions, in kind and in money, and other private monies, amounted to approximately $30,000,000 pf which the United States gave about 25 per cent., and the British Empire nearly all the rest. The population confined to this territory as a result of the war, all of whom received bread from the commission, numbers, according to the report, 9,500,000.

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sncm Vtk Jamer; P. Goodrich, governorelect; Judge V. H. Elchhorn, of Bluffton, Eben H. Wolcott, of Indianapolis. John A. Lapp, of Indianapolis, Miss VIda Newsome, of Columbus, and others. Such subjects as a budget system for the state, a constitutional convention, taxation, and home rule for cities will be discussed. The convention will adjourn the evening of Dec. 29.

AWARDS TWO CONTRACTS

OXFORD, O., Dec. ll.The Board of Public Affairs has. awarded these contracts for equipment for the village electric light plant: Skinner Engine Co., Erie, Pa., engine, $5,479; General Electric Co., Schnenectady, N. Y., electrical 1 apparatus, $3,083. The new equipment will double the street-lighting service.. BALDWIN GIVEN DIVORCE '

Otis Baldwin was granted a divorce from Viola Baldwin by Judge Fox in circuit court today. Cruel and inhuman treatment was the charge.

INDIANA CREDIT MEN WILL HOLD SESSION

INDIANAPOLIS, Dec. 11-The first state conference of Indiana members of the National Credit Mens Association will be held here Dec. 12. The program as arranged provides for addresses by Nestor Brentano, Evansville; Charles Bohannonr Evansville; "Credit Experience Interchange," and

Henry Graf of that city, who will speak on "Cause of Commercial Failures." The afternoon " session will be devoted to addresses by John D. Meek, Indianapolis, "Trade Acceptance, Their Nature and Value"; Henry. Eitel, Indianapolis, "The Financial Statements. Its Character and Uses,", and A, M. Meckelnburg, Mishawaka, "The Nar tional Bankruptcy Law and Is Practice." A banquet will be given at which Governor Ralston, J. H. Tregoe, the secretary-treasurer of the national association, and C. A. Bookwalter, will speak. -.. ..- "... .

FRANCE ENCOURAGES NEWS PRINT

PARIS, Dec. 11. The government has decided to prohibit the importation of printing paper, according to a semiofficial announcement The object of the step Is two-fold, to help raise the exchange and to encourage the French paper industry."

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Diamond La Vallieres

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"The Largest Exclusive Jewelry House In Eastern Indiana"