South Bend News-Times, Volume 35, Number 2, South Bend, St. Joseph County, 2 January 1918 — Page 3

THE SOUTH BEND NEWS-TIME5

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HEMY WORK IS SEEM III FIHESs ONE MAN DEAD

Norfolk, Va.. Suffers Loss of Three Million Following Blasts and Explosions Five Arrested. NORFOLK, Va Jan - S-r rly '.wo 1 lo k.s m th-- heart of Norfolk':-! business district, including the Monticello hot-I. were de-trovel. or: man 'uas kiibd and a K'fif more injurr'! in a s'-rir-- of -xpUi.-ion-; ar.d area Tu'.-'lay. v. hirh. i.oth th poli'f m-I r.aval aut horiti--s i.-lifv- wrc inreiKl: ir; . Th" !.r' ha-J r-n fhfkiil 'ii..vfi;,y niirht. h'lt ytill was hurnin iiTccly in th- inins. Th; loa i.s rouL'hl t ii-i.it I at more thin ?:;.0,,l.(ifMThree Ji-tinct -xplo-sions in .i tuary iiuildin's. on- .ift'T th- hronee virtually had h.-f-n hroupht under control, led to the Kfneral lief that enemy ac-nts wer at worl;. Mayor Mayo pr;o-tially jdac-ed th; i ity under martial law hy turning the .-it'.iation over to n tal authorifs and Mime '..'! marines and lluejackets from nearby naval Maiiens asiste the polk-" and homjuanls in maintaining ord r ar.d l-r event in vandalism. riw sukpfrt .rnv-tal. Naval patrols rounded up suspi -ious persons throughout the afternoon, while tiv- mn were arrstl is Mispect.s. Two of these. Hui;o Schmidt and H. K. I essin'-,', said to be (;erma..s. were turned over to de-l-artnicnt of Justice n'AX.. Ttusilay nitrht there wer reports that : wo Hermans had been, shot by sailrr lurin th; dav. hut nt-ither the röhre n'ir oaal authorities would j : ot;!irin them. Th lire started before dawn in the . ! , 1 Cranhy theater on fjranhy street ui'l pained headway rapidly a.s the J.remen were handicapped by frozen lire hydrants, low water pressure and near zero temperature. Jt quickly spread to the Montkeiio hotel and .dher nearby buildings in the hlock. It was brought under rontrol late in I he day, tut broke out anew early Tuesday nicht, leaped acroys Granby treet. and levelled half of the block there before being checked. One Killed, Seen Hurt. Falling floors and walls took toll tf firemen and naval guards. One fireman. Charles McCoy, wan killed, und seven others hurt in the collapse of an tipper lloor of the Montic ello hotel in the day. ami Tuesday bhrht two firemen and several sailors ive re. caught in a falling wall of the l.enox building. Three were brought tut badly hurt, but two others were left in the debris. Firemen of Norfolk. Portsmouth nnd Suffolk with organized sailor tire brigades foupht heroically amid Ire and blinding smoko and luej.icket.s led the rescue work when the fighters were trapped. S'everal bf th0 iirernen taught in the hotel tvare Lrtiuht out alive through the n'rlnc of a score of Jack tars. Itoport Three I Itploi,n. fleports as to the number of explosions vary. It was first said that 1 lie lire in the (Jranby theaUr had followed an explosion, but fro Chief fdclauirhlin and n.tval in estimators imnouneed Tuesday nipht that this tvas not the case. They said, however, there had been three separate explosions. The brst was in a cloak find hat shop near the Monticello. The MM-ond was on the ixth Moor .f that hotel after the tirst tire was practically unier control and the Ihirtl in tlie boiiox buildini? which Liter was letroed. ttUcsLs from the Monticello. who were forced to t'ee in tho biting .obi of the dawn after they had watched the theater burn, were tak- ( n care of in nearby homes and hotels. As buiidimr after buildim: went down, with them an apartment house. scores wer- made homeless and the nation. il cuard

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The Tcrma u - . ; - 1" - fv'- er.il ships off N.ir.t;i'. ket. i "is U-'-d 4iS .i. lc-. Win n IL4L4 ;uA.drJii cf deitro) eri.

arinry on ;!y ll.il! a . w if, thrown open to t -1 1 1 Kttl Cms Iü-ikN AiI. ThT1 i ' 1 r i t 1 ic the late da Led i'tmh vrkrs and other volunteers I k I aft r thftn anil al.-o supplied ofVe and ;i ! a irh s for the naval p.iiroN an. J !f:!i r. who were for-1-.1 tn . k 1 st from their gruelling w-ak agaim-t 1 1 i "- tlam-. When the firemen re-ponded to

th- al f ;il I for the theater !ne. t'ev a ! I drafts in tli- icinity s had to he built to '.:t. In the meantime f r 11. 1'j th IV. t i'. ! -in i l'.f-k l -ri helple.. whilebig theater building burned. th' Whrn water finally ram-, the pressure w.i s s low that streams would not reach to the upper stories of th- iiirnii'.u building nr:d th fire s-ofiri !.r-..nl cemtrol. Fear Antarctic Relief Ship Lost With All Hands Lo.MmiX. Jan. 2. The Daily Mail -.- it .s feared that the Antarctic n liT ship Aurora. which took part in the Shackleton expedition has. been lot with all hands while returning to l'.nmland. It is u nlerstood that the vessel sailer from Wellington. X. '.., in June with a cr-w of about 22 and nothing has been heard from it since. Vessel.-, sent out to search for it found only a life buoy marked Aurora' and some wreckage. IJoyd recenth posted the Aurora as beim? considerably overdue. The Aurora. formerly a .';w Foundla nd sailing steamer, carried the Maw son Antartic expedition to Adeljeland in 101 and rescued the ef. edition later in the same year. While oinc to the asj.istar.ee of the hackIeton expedition early in 1 .1 the Aurora was damaged and return . d to New Zealand. after leaving some of its crew at It oss ! Harrier. sir Krnest ,hackelton set out to re.-cue the mem!ers of the Aurora's Crew in December. llHf.. He toun.l seven of them alie. but three others had perished. PHILADELPHIA MINT MAKES COIN RECORD PHI LAI iKLPH I A. Jan. 1 What is sabi to be a world's record fr a single coin factory was made in 1 :U 7 by the Philadelphia mint w hich coined a total of '.)0.".S2S pieces of American money, or 91, SCMf? more coins than in any previous year. This was accomplished by working two 12-hour shift.- most of the year. There were 10,019 sold pieces minted. 90.142,000 silver pieces. ." 1,424,023 nickels, and 19G.t'29.7S." pennies. In addition there were 0.0 2 2. P. 2 y pieces minted for Colombia, Salvador, Nicaragua and Peru, making a grand total of 4 1,028.1. "7. A statement issued by the mint 5-aid that 191S probably would also be a Tf-crl year, as ordors from Latin-America so far were quite large. The war in Furope. which has affected the minting of coins is responsible for the new record he e. FIRST POLISH TROOPS FROM U. S. IN FRANCE WASHINGTON. Jan. 2. The first contingent of Polish troops recruited in America for service with the allies' has lande! safely in France, it was announced Tuesday night by '!. James Martin of the French military mission. The unit composed entirely of men graduated from the Polish training camp at Niagara. N. V., will be attached tn the Polish forces now fighting on the western front. For military reasons the number of men in the contingent was withheld. The fortes were welcomed by the military und -ivil authorities and wet" given an ovation by the populacewho vvitnessed the debarkation, according to the announcement cabled b (Jen. Arehinard of the French army. b' M 'ON. Jan. L. Seven persons were killed and Jl injured by the explosion of a mine that was washed a-hore today between llamsgate and Peal. The explosion occurred while an attempt was beim; made to haul it out on Und.

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Review of 191 By Thomson

A memorable year has pa.ssrd. The. ar P17. -, ith all its tragedy. 1. , . . T . i,is takrn its as.-u-rr.M nlacf hi nitory. It w a.s a ear r-rowded with mreat eents. ast undtrtakin-s and achievem nts. ictories and defeats, unpre :e!ented financial plar.s and operations, and record -break in.; accomplishments, jrreut ljai)pointments and ui-ant!c sacrifices a 'tr during wh.ich every undertakinm was measured by a new standard. Patriotism, the, nation';? cood rather than personal profit, became the new criterion. Fvery moment of the year was crowded with epochmaking events. I tie stock market has been but ai mirror, reflecting the world's struu-! -'le. Fery military and diplomatic; move icun.t a quio. rejxnse m our market and an attempt to - adjust i . values accordingly. A review ot , , , . , ,r, . . the stock market of lftl. is. m a , ' measure, a review of the war. The , , . . ,. .1 . . ; are so closelv interwoven that it is j ., , ' , lniposMo e to separate mem. i ins . , , , 1 has leen particularly true sincv. the. . . . i I'l'riiii'iii, oi lilt: j fa i njieu 11 "v came evident that our own entry into the strudele as an active partici pant was inevitable suffering- from the ills produced by j th over-speculation of the pie- ; vious two years, and from the in-j e itable liquidation that culminated with the Herlin peace proposal. Our market was trying to adjust itself to the prevailing conditions when. the shocking all the world news was carnea toi by the wireless waves' that ruthlesK submarine wartare would be resumed b the German government. A-'ain. our markt-t was thrown into a state of uncertainty, with its consequent price irregularity continuing, while events, following each other quickly, culminating in our own declaration of war. Commercial I'o-ition Changes. Instantly our commercial position in the world changed. For three years we occupied the position oi manufacturer, merchant, exporter and baker. Now we became an all of the nations warring for civihza- j tion. We assumed new obligations j and burdens. j For three years our main problern was to produce, to satisfy a demand for our products that taxed all our facilities. The extent or the profits was limited only by our conscience and the buer's ability t pay. Now it became a question of j w hat proportion of our profits wc J would be obliged to surrender to I fhP roverrmient. It became self-! government. evident that taxes must be increased to provide revenue to meet at least a portion of the nation's extraordinary requirements. It was not, however, until congress was actually engaged in framing a revenue hill, that the nation began to realize the extent of the burden that we had assumed. Tn the meantime, plans had been perfected for the flotation of bond issues. The lirst. ana smallest, was for an amount that seemed to be staggering, even to those of our financiers who were accustomed to large transaction. It may not be at all out of place to mention that the brilliant j iiere success achieved in the great public subscription to the IJberty loans va due as much to the patriotic spirit, self-sacrifice and untiring effort of America's bankers and brokers and the army of their assistants as to the general supervision and more general planning of our resere banks and the treasury department. New Problem Ari-o. . At this period we met with newproblems in the stock market. New and unexpecte! reasons for further liquidation were becoming manilVst. A new and an unexpected cla.ss of sellers of securities appeared in the market, owners of stocks and bonds, whoso investments were always of a permanent character, who, in the past, were never influenced by the fluctuations in t'.ie market, except t take advantage of depressions to make additional purchases, became uneasy. This class of inves-tors now appeared as fellers, and, at a level of values that heretofore would have brought forth additional buying orders. Stocks and bonds were being sold and the proceeds invested in Liberty bonds. Whether the motive be ole1 rr pirtially patriotic, or entirely to readjust investments with a view of securing the largest return possible under the new scheme of taxation, is here immaterial. Here, we U - 53 y. y :.V.iT:?

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7 Stock Market and McKinnon

t mut not lo50 sight of the effect, of all that was transpiring, on the fortun- of that large and t i u i ir -T u ii Afc v I'll t; a i iu ikvi vai i . . . ... 4 I . - , t 1 r t -v r - . . i i i I v - i i as . peculators. the clas that play i so laj-me a part in maintaining a broad ami onstant market for our securities. That class who purchase docks and bonds on 'partial "payments, depending on their brokers and bankers to finance their purchases. This larme and influential lass study intrinsic values, earnings, dividend returns, the trend of I events and its probable effect on I ali;e. Thev had either purchased (or were willing to hold their stocks j I wben il re;o bel :t le l or' valuer ; that appeared to be exceedingly at- ; tractive when rneasiirt-.l by the usual i standards. This clas. wa complete-J . b - i -'. CA kit'. V Oil.:vu oi, ... . f , v; ll r Ol L- 1 Tl rr ..'I line -i 1 A .-. t tlu ill- . . creasing supply of stocks coining on t. , . uit- martei. i ney saw men cquu es : , i amshin. Here was another source , , . ,. of weakness. The involuntarv i-i .., .. , ... ... , . uuidation by this latter el as.-, who, . : , . conscious of the full worth of then .-locks, were. ne ertheless. u'di: to .-c!I for fear of a further loss -ed j suiting ii'Lin causes entirelv bevoud their control or thionzb ir.,ibilitv t..' ina!'ilit to 1 1 1 a i e further paments. IVaiik Ciet n War lia-i. The banking po.-ition of the country was also adjusting itself to a war basis. The banking resourceof the nation were bein;r utilized t iamuaie Roiornmeni business rainer than private interests. Loans on stock collateral became difficult of j negotiation. (Funds for such pur-i pose.s became scarce and rates hi,'h. All realized that the govern - i nient and its needs mu.-t come lirst. ' The stock market aus left to take care of itself ..s iest it coubl. : one of the main disturbing eiemerits of the year may be traced di- , lectly to a new policy outlined by : the president in relation to the prices of our commodities. I nder the peculiar conditions existing, with a demand for all our leading commodities lar in excels ot sup- j ply. prices were mounting rap idly, i n many instances to levels t hereto- I fore thought impossible. It became j evident that something must be done to regulate not alone supply j distribution, but also prices. Hy j a single touch of the ma?i- wand the hands ol the president, by the i authority of the great w ar power of "ur government, the old established j laws oi trade were brushed aside. The law of supply and demand was lor the time declared null and void. The constitutional riuht of j buyer an! seller to contract was ; suspended. The new national policy J was: (Jne- price to all. and that price was a resonable one." Railroad An Irritant. A constant irritant throughout the year has been the American railroad, the largest, the most impoitant and the most completely regulated business in the country. The extraordinary demands made upon our transportation facilities found them pC'orly prepared. Terminal facilities were inadequate. rolling stock insufficient and a lack of funds with which to remedy these Shortcomings. A revival of discussions of the past sins of the railroads can serve no useful purpose now. Whatever may be charged to past mismanagement, extravagance, overapifa'ization. unlaw ful rebating, favoritism to shippers, the fact remains that these were not the cause of the trouble of 1917. The nation, as well as every state, has provided a system of supervision through commission Thev had cured so many of the ills that were formerly complained of. Regulations had Leen carried to the other ex-'! treme. Kates were absolutely fixed by the interstate, as well as by the state commissions, but. unfortunate ly, there was no power to regulate) the price to be paid by the roads fori what they required. Tho roals were obliged to enter the op-n market and pay the market price. The highly organized labor exercized perfect control so that what they demanded they usually received. With constantly mounting cost of operation and limited income, it wa.s merely a question of time when the railroads would reach the point "f linancial difficulties. Appeals were made fr increased rates with negative results. At least, the interstate commerce commission, fully realizing the seriousness of the situation and the neeesity for radical action, passed the entire subiect with recommendations to congress. Believing the matter of vital importance. Pres't Wilson acting independent of congress. authorized goernment control of all railroads for the duration of the war and appointing Secretary of the Treasury McAdoo director-in-chic f. actual control passing to him Deo. UMh, 1 C 1 7 . This action, if concurred in by congress, snlws the railroad problem for the time being and. judging by the action of -e- urity prices meets with the hearty approval of those most interested. Outcome to Im Favorable. Looking ahead, we .-ee before us many uncertainties, but, the final outcome1 must be favorable to the nwi'fiN of oi:r securities The wnr .nt,inÄ,i ktv..,i expectations, but the outcome is certain: A complete victory for civ - iH-ation. To entertain for a momer.t a contrary thought would be nbhorT-onr Whrn the cor.fii, - i cn.u.i hen the r-it-ht ti, l f i r, , a n d liberty, and the pursuit of hppi nes.s is esuiblished universally when all thought of military do n: in.it ion of the orld shall l:ave passed out of the minds of men., we. in common with every nation in the world will enter upon a new era of prosperity. !tecon:ri:ctio,i afl,j recreation will proceed, value.? will r:.-e. and. those who ha e faith in the future, and who are content to ta.ke time and await the result will be well rewarded. Advertisers make profits from volume not prices.

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fine neckwear. These scarfs are all the product of Jas. R. Keiser Co. of New York and H. C. Cohn Sc Co. two names synonymous with the finest in neckwear. Every scarf absolutely the finest quality obtainable to retail at the full regular price. Many fine, exclusive imported Italian, Swiss and English silks are in this sale. At these sale prices you are getting the finest at the price of ordinary values so we cannot urge you too strongh stock up liberally.

: EES EES Home of rail ill i (';.(. I i u 1 1 1 1 ( PADUA ART HAHD HIT BY AIR RAID Famous Churches and Monu ments in Italian City Suf- I fer Severely. PADl.'A. Monday. Doc. ?A. Tho third successive niuh' air raid last night scattered havoc among the famous churches aid ait monuments of Padua. The front of the Sixteenth Century cathedral was demolished. The Santo or the Pasilico -f .t. ! Ar.thonv. where the tody of 't. An- , ihony of Padua i buried, lost its ! bronze doors and the sepulchre of j Anthony wa missed narrowly j :l bomb. I Donatello's famous equestrian tat lie of Gen. Oa ttam Mn ta which ! stands in the square before tb Milto had beer, removed to a place of safety but th" base, also the work of Donatelb. was damaged severely. Th- paintings and fcs-covs in the Santo bv Titian and other m isters were torn and scratched by the conMission, in- rose windows and the renai.-sance siainea gia- were stamea gis" !v.he,1 to fraErments. The build ing opposite the Far. to. where the guild of St. Anthony issued leaflets to be sent throughout the world was destroyed . A pilgrimage to the sepulchr of St. Anthony -was in progre- when the bombs struck the s'ar.to. Th cathedral was struck aboe th.e gaLle facade, ite entire tfrxl and the

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A Tremendous Sale of

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üiülüüüüiiüüiii: upper part of the facade falling i: ' the street. ' The raiders ca m- at tliree difier- i i ".-.t tin es at and 1 1 o'clock ;tt j j i.ight and at :: o'clock this morni ing. Twenty incendiary bombs we.-'-j ! ropped. ; jGENS. SIBERT AMD MANN ! RETURN FROM FRANCE AX ATLANTIC PKT. Jan. Ma;. (lens. Cer.rge A. Mann. i Wjllian. L. Sibert and FJichar.! M. Platchjord. of the Lnited s'tats arniy. who hae l-n witli tho American expeditbmary fuces in I rance, arrived here Tuesday on a r"rei'ch steamship. It i- understood that the officers have been ordere üor.-u to assist in the training or the American forces now being made read for oer.-t as lüt. Jen. Mann, who left her- in command of the "'rr-inbow diwsion," made up fro; ii trocqis from practically every state cd the union, -aid the- men are now comfortably billeted and are making satisfactory propres- in th. i inter.sue training they ar- umb-r-io-ii.f ire 'i.'i )"i t orv to l...ir-" Mii.-, ! ir.g cailecj ur J for action againThe ejermans They : re in excellent health. ! said, adding that through him th entire command sen. r.om hearty new year'.- re-tif.g to homeland and th- Amern an a their pen We j jfpj JELLS SOLDIERS WHY U.S. IS IN THE VVARi I PS MoI.VK-. Spakit.g under th i.in. j. -pices of tll V. M. C. A. war loui.cil. frmer Prt-Vt William 1 1 . Taft tobi ;.". r atior.al army soldiers at 'amp po.l-e what the 1'iit'd States r'ihtin? for and why. la owning his adlrtsi Air. TaXt

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i omorrow 2A00 magnificent new ties; in quality, in number, in assortment and above all in value this sale is the greatest sale of fine neckwear ever announced in this city.

Regular Si Jas. R. Keiser and Superba cravats; the tinest to be had at this price, now

Beautiful Si. 50 and S2 cravats of rich, heavy silks and satins. Many of the silks in these ties are imported, and made in a variety of new and fashionable patterns and colors that will prove irresistible to C men who want the rewest ef- M ects. These ties now Superb S2.50. S3, S3. 50 and S4 Linglish squares and extra la rue open end scarfs. The last word in fashionable neckwear for men. I:tra heavy rich silks that the most particu

lar men will enjoy. Nothing better, newer or more modish is shown. Here now . .

All the above values are guaranteed. You're accustomed to ordinary neckwear sales but here is a sale of real neckwear, produced by this country's leading makers of men's

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Open Mass Meeting At Labor Temple 315 So. Michigan St. Thursday, Jan. 3, 1918. All Union and Non-Union Men are requested to attend. Principal speakers, Chas Fox, Pres't Indiana State Federation of Labor, and John J. Scanneil of Boston.

i I m outlined the --ri' wi.ic Ii b-rr. i ;, ibe 1";;:--I St.tfS 4!t .ill titr-S the i" within its i;-hu :: law. i 1 . .t r;i ge-igai!.-t 1 tn.it ted ;!!..: al :U.lt ri o -a t -'biter;t r.. Th ' . 1 ' u - do--' I ; '. e , i . ! f.jr i- . r.: i I etile. . T! ( -d a ; i : b ! e r ' : r.-.ti--:: . d Was 1 itit v. ! t a 'I att.o au api-T-'-; i -1 i n j t i - r d prep a : "er: 1 ita--i-'JC 11 , -It is for Pr.it d Stateto a cor. ( hi? th:- fa-.C: 1 1 : ; .-1 t . i 1 1 :: ai;d :hi !i(i: l rat i that ; I.eed f .If many." iti'-ii u su pe.i i I !den at: . i ! v A ! !

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ALASKA NOW BONE DRY. FIRST SINCE DAYS OF '93 :. ; ' a ;. , .. . . 'er oi. t .e :.-. o . , ; e .';.' s -a'. - .c! rr.:--: - .:. .;..d: ii"iviv. -i.-'t.:. .-i..n : 1 - ' .i i . art1 th! ' I . 1 l a l , r P: Ar. i - eiiln-. a .- 1 : ill J a--. L c u are u : i. j v