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Oakland Tribune from Oakland, California • Page 24

Publication:
Oakland Tribunei
Location:
Oakland, California
Issue Date:
Page:
24
Extracted Article Text (OCR)

a a a a THURSDAY EVENING Dakland. Tribune JANUARY 4, 1923 OF C. ASKS WAR DEPARTMENT FOR DELAY ON BRIDGE Status of Estuary Crossing Outlined in Lengthy (Continued from Page 17) the cost this work. WAR HALTS BUILDING A resume of the conditions which prompted the sending of this telegram is contained in a report of the harbor development committee of the made to the board of direators. This report follows: "In 1916 after much effort in which this chamber of commerce took a prominent part, the war department issued an order for the modification of this existing draw to meet needs of the Estuary water traffic.

The Southern' Pacific company operated one these bridges and the County of Alameda, the other and complithe departmental order really required the replacement of the bridges. An agreement was therefore reached between the railread company and the County of Alameda to share equally in the cost of construction and operation of one new bascule bridge to rethe two bridges and the county voted bonds to the amount of $900,000 to defray its share of "In 1917, our having entered the World War, a federal order was issued, sponsored by the government railroad board, which stopped the construction of the proposed bridge, it being body to be a non-essential improvement in war time. After the war, the war department newed its order that the bridges be modified as per its and the county prepared to NO prevented, to the flat refusal of the Southern' Pacific company to carry out its of the contract, and SO the part matter stands today. June 30, 1923 date 'set for the bridges to is the be removed; the Southern Pacific has not changed its attitude as to its obligation the county has asked the war department for an extension of time for the, removal county bridge. airman close outline relation another to important above matter must be considered.

Dur- ing the early session of Congress of last year an appropriation of 380,000 was included in the federal river and harbor budget for the dredging of Oakland's inner harbor, but it is stipulated in that appropriation that no dredging shall be done east of the present bridges until these structures have been modified for the betterment of nav- Igation. FIGURES LACKING "Now as to the existing facts as to the desirability of a tube or a bridge: "First, every member of your harbor committee, and every interest along the inner harbor acknowledges the superiority of a tube as an aid to commerce, there is no argument on that point. But as yet there have not been obtainable any authoritative cost figures for a tube, though a general figure of $2.000,000 has sometimes been used, nor to date has there been adopted a definite type of tube. as referred to above there was voted $900,000 in bonds by the county for the construction of a bascule bridge, and of this approximately $150,000 has been expended for rights of way for the approach to shis bridge. Southern Pacific Company meanwhile not have stated that they will nonly, out their agreement: but that they wish to discontinue their railroad service over that point on the estuary, and are preparing to remove their bridge before June 30 of this year, if not prevented by the state railroad commission.

the county's shoulders alone therefore fell the entire replacement cost of a' new bridge, and it was the supervisors' intention to road facilities, but providing for construct a bridge, omitting street car, vehicular and pedestrian traffic and paying for such construction with the $750,000 on hand supplementing same with the necessary amounts from the several succeeding annual county budget. A cost for a modern bridge 1s. given at about $1:300.000, but this also is a general estimate and not one. The supervisors are now. considering a tube rather than a bridge, and owing to a technicality in a certain statute they are to re-.

quest of the State legislature permission to appropriate a sufficient fund to complete drawings, specifications and determine an estimate of cost for a tube and submit the findings to a vote of the people in a bond election in May of this year. It is difficult, owing to the lack of definite comparative costs between a bridge and a tube to defend arguments for or against one or the other of these types of improvements, but it -is apparent that the cost of a tube will probably be much in excess of the cost of a bridge." Stanford President Goes to Los Angeles STANFORD UNIVERSITY, Jan. -President Ray Lyman Wilbur last night left the campus for Los Angeles, where he will attend a meeting in the interests of Stanford's three, million dollar endowment this evening. W. Mayo Newhall, president of the Stanford board of trustees, and Paul Shoup, chairman of the Stanford Medical School endowment committee, will be guests of honor.

The meeting, which is to be held at the University Club, will be attended by about 200 Los Angeles citizens. Buyers Continue Active in Chicago CHICAGO, Jan. the middle west had revived from its holiday spree, the biggest in years, reports showed that money drawn out for Christmas had found its way right back into the banks. Buyers are giving overworked lore workers little rest this week. the January sales are drawing lendid volume of trade.

Readygarments are being feathis week, while large sales materials are promised for next Revenue Cutter Captain Helps Dry Enforcement Has Captain H. F. Howell of the revenue cutter Shawnee constituted himself an unofficial Voltsead Paul Revere? This is the question that prohibition enforcement officers are endeavoring to visit answer to today Monterey as a of the Shawnee and a dramatice to arms issued by Captain Howell to the officials of the community, Yesterday the Shawnee left San Francisco bay on what was termed a secret mission. Rumor, had it that the cutter was trail of booze runners operating between Canada Mexico and the bay district. wand had been unable to get into port by the holidays because of storm conditions.

CITY OFFICIALS CALLED. Last evening the Shawnee rived at Monterey and a few moments later after, a conference with Captain W. L. Maxwell, a retired officer of- the coast 'guard service and a prohibition worker of note in the community, Captain Monterey Carmel manded a. hurriedly assembled meeting of city and county officials.

"The government is going to try out a new plan of prohibition enforcement," Captain Howell told the assembled officials. 4T have been sent on a cruise to all coast ports to pass the warning to municipalities to get busy or the federal authorities will step. in. I am making no specific charges or threats, but conditions must! change. "The federal government is in possession of much information that officials of cities do not have and unless action is taken locally federal authorities will take charge.

We are going after the fellows who sell illicit liquor for profit." After making his address Captain Howell returned to the Shawnee, which is still anchored in Monterey, harbor. Lieutenant Comminder G. C. Carming of the Coast Guard service expressed surprise that Captain Howell had called Monterey meeting and made the statement but said that he" would make no comment until he had conferred with the captain of the cutter. DISOWNED BY DRY CHIEF.

Prohibition Director. S. F. Rutter was more emphatic in his matter statement did setting "emanate forth that from, the prohibition department at Washington and seems very strange." He said: "I know nothing officially of the Coast Guard cutter Shawnee's visit to Monterey or the reported address of Captain Howell there, but it is well understood that the Coast Guard service has nothing to do with prohibition enforcement except for the detection of rum runners and smugglers." ARREST FOR CAFE GUESTS. In regard to the local liquor situation, Rutter announced that the action of John Tait, cafe man of San Francisco, in refusing to plead guilty to charges of violating the liquor law on New Year's at his beach resort will result in cafe patrons being arrested in the future.

blame and on guests, "If Tait to the Tofuset: we will arrest the guests next time," said Rutter. "Patrons have not objected to prohibition raids when they were in' the place. Many have enjoyed the experience. We will see whether they will visit a restaurant where there is bootlegging going on it they know they will be arrested, and taken to jail if the place is raided. This will put such places out of business as quickly as anything else." The army again took a hand in the enforcement of the prohibition dictum as a result of.

the serious condition of Sergeant Arthur F. Sipes, who lies at the Letterman hospital, victim of poisoned booze. Sergeant Sipes is one of thirty victims of poisoned liquor at' the Presidio during the last year and Major General Charles G. Morton today ordered the intelligence department to conduct an investigation. Sergeant Sipes was found unconscious on the pavement of Polk street near Golden avenue on New Year's Day.

Beside him was a half-empty bottle of poisoned liquor. He has not regained consciousness. PROPERTY MAY SUFFER. Another angle of prohibition en- forcement was furnished by William federal J. Gloria, prohibition legal adviser department, of the, who said today that business property in nine counties of the state, valued in excess of $10,000,000, is "under the shadow of abatement for.

alleged bootlegging" and faces the prospect of being permanently closed for 1923. According to Gloria's list there is $8,500,000 worth of property in San Francisco that is under suspicion and $510,000 in Oakland. His. complete list is as follows: San Francisco, 143 premises, Oakland, 18 premises, remainder of Alameda county, 39 premises, Richmond, Contra Costa -county, 16 $180,000 Marin county, two places, county, two Sacramento county, one place, San Jose, Santa Clara county, three places, Marysville, Yuba county, five places, San Mateo county, ten places, $85,000. Yesterday the principal address at the quarterly executive session of the W.

C. T. U. was delivered by Dr. Griffin Gordon, an Australian clergyman who has been investigating the results of prohibition in America and Canada under the auspices' of the "drys" of Australia.

Dr. Gordon said that prohibition is proving a decided success and said that his deduction was made from an impartial viewpoint. "My candid opinion," said Dr. Gordon, "is that, in spite of numerous violations of the law, prohibition has more than justified itself and the results more than prove it. In Canada, it is being spoken of on all sides that government control is a failure, The newspapers are full of it.

Bootlegging and moonshining are rife. The drug problem is greater in Quebec and Montreal than anywhere else in Canadaand the rest of Canada has absolute prohibition, only Quebec, Montreal and British Columbia are a ment control provinces." Farmer Credit Is Better Than for Past 10 Years BY CONSOLIDATED PRESS. Special to Tribune. NEW YORK. Jan.

the, readings of the thermometers may show, frozen credits are a thing of the past in practically every section of the United States this year. For the Arst time in years farmers have enough ready cash on hand to carry them through until they market their products in '1923. As they 'do not have to borrow, their credit is thoroughly restored and they are able to do so on advantageous terms. The extent' of this widespread credit improvement is indicated by telegraphic dispatches received within the last twelve hours. Bank officials in the southwest reported normal credit conditions.

with an increase of deposits in both country and city institutions. FLOOD OF MONEY. Reliable reports from 'Chicago the Christmas stocking the showed plainly that the bulge, in middle west which in Chicago alone represented buying in. excess of $100.000,000, had left no dent in the savings bank accounts. Twenty of the larger state banks in Chicago reported today that on December 29th their savings accounts were 7 per cent in excess of the total on September 15th.

National banks in the middle west also reported large increases in deposite. Deposits in the state banks in Minnesota gained $27,554,513 in 1922, rising to a total of 891, and the steady improvement in conditions recorded in that section during the last seven months is counted on to continue, especially among the farmers and livestock men. FROZEN LOAN THAW. New Orleans fanciers reported today that the banks of that section Officers Elected By San Jose Auxiliary SAN JOSE, Jan. officers for the year 1923 were elected at a meeting of the Women's Auxillary of the San Jose post of the American Legion on Tuesday as follows: President, Mrs.

Urban Sontheimer: vice-president, Mrs. Maxwell Green; second vice-president, Mrs. Sarah Gross; secretary, Miss Velma Cooley; chaplain, Mrs. Sam Howe: sergeant-at-arms, Mrs. Harry Work: members of executive committee, Miss Katherine Mann, Mrg.

M. Johnson, Mrs. B. F. Laughlin, Mrs.

Rose Baker and Mrs. L. B. Van Dalsem. Five new members were taken into the auxiliary at Tuesday's a a a meeting as follows: Mrs.

M. L. Reid. Mrs. H.

G. Keesling, Mrs. S. G. Cooley, Mrs.

R. S. Kneeshaw and Mrs. C. M.

Burchfeldt. Sutter County Woman Dies After Illness GRIDLEY, Jan. Laura Perry, well known Live Oak resident, died at her home in Sutter county Sunday evening following a twenty-year Illness. She Is survived by her mother and two children. HARDING LETTER HISSED BY N.

Y. WOMEN "WETS" Refusal to Receive tion to Discuss Dry Law. Repeal, Cause. NEW 3 YORK, Jan. the Associated of the Molly Pitcher club, some of them prominent society and club women, indulged in a period hissing yesterday when it was announced at a club luncheon that President Harding had declined to meet a delegation named to lay before him club's arguments for repeal of the prohibition amendment.

The storm burst when Ransom H. Gillett, counsel for the New York division of the association opposed to the prohibition amendment, read excerpts from a letter from the President, giving as grounds for his refusal to meet the women his belief that "it is a futile thing to expect the repeal of the amendment" and that such an interview could only "result in controversial publicity and create' a suspicion that the federal government is not in good faith and deavoring to enforce the prohibition laws." PRESIDENT'S REFUSAL Gillett, speaking of the Presi- dent's refusal to see the delegation, declared that "when the chief executive of his republic cannot receive any delegation to discuss any topic as provided for under the constitution, then the republic is in danger." He then quoted from the president's letter: "Ordinarily I would receive any delegation on your suggestion, and I try to make it a rule to find time for an audience with any delegation whose members desire to present to the president a pressing problem of however, I do not believe it would be an opportune time just now to receive a delegation which aims to expression to its hostility to a futile thing to expect repeal the 18th amendment. This such of the amendment that I doubt the wisdom of giving an interview which can only result in controversial publicity and create a suspicion that the federal government is not in good faith, endeavoring to enforce the. prohibition laws." HISSES FOR HARDING When the hissing which followed had subsided, Miss Alice Carpenter, executive secretary of the club, presented a resolution, addressed to the president, which was unanimously adopted. It said: "We see our jails full and our criminal courts crowded with prosecutions of citizens in an endeavor to keep up with the activities of the federal authority and our own police force in efforts to enforce the law." and resolved.

"that if this nation continues in a governmental policy of enforcing sumptuary legislation through the medium of a centralized authority at Washington, our constitution will be destroyed into and our free government converted a despotism." COMMODITY NEWS COFFEE. PHILADELPHIA, Jan. Coffee imports from Brazil to this port, which were almost discontinued for a time, have been resumed and heavy shipments are. expected this week. COTTON.

HOUSTON. Texas, Jan. on hand in Texas inland towns this week will total slightly less than 300.000 bales, according to estimates This does not include cotton in transit, at ports, nor in the hands of farmers. BOSTON, Jan. commission merchants reported today a very str-ng position in the cotton goods market.

Incoming orders are breaking all records for this season. of the year. Jobbers and retailers are said to be carry-' ing stocks of goods under normal. LIVESTOCK. FORT WORTH, Texas, Jan.

The period through which Texas livestock men through 1921 and 1922 was the worst in the history of the industry. Many outfits were closed out entirely, but the survivors have well-stocked ranges and plenty of water, and ought to be in for a period of prosperity. ST. LOUIS, Jan. are receiving, high today for livestock, and.

commission merchants say the demand will be. greater than supply for some time to come. GLASS. PITTSBURGH. Jan.

Libby -Owens Sheet Glass Company has advanced prices of its single window glass 25e box. DAIRY PRODUCTS. SEATTLE, Jan. have fallen 5e dozen in the last week here, and fancy range ranch eggs are now selling at 60c a dozen. Butter is firm today.

DRY GOODS. ST. LOUIS, Jan. wholesale retail trade is at last of average proportions. 'Retailers are advertising methodically and offerring bargains today.

The public is being attracted by special sales, particularly of regular lines. COTTON. ATLANTA, Jan. acreage in 1923 will depend to some extent on the price of calcium arsenate, the chemical used to the boll weevil, according to state agricultural officials today. SHOES.

KANSAS CITY. Jan 4- The Albert H. Weinbrenner Shoe Company of Milwaukee has been forced by the growth of business in this territory to establish a distributing branch here. SEATTLE, Jan. strong post-Christmas drive for the sale of shoes by retailers is now in progress, with -prices in general marked down about 20 per cent.

TEXTILES. GREENVILLE, S. jan. Twenty cotton mills here which have had a prosperous year will pay stockholders more than $1,000,000 in dividends this week. This has been the trend all over the southern textile field in the last few weeks.

AUTOMOBILES. DETROIT. Jan. 4. -Men with big- holdings in motor stocks declared today that the net increase In motor care last year in this coun- MUCH ECONOMIC HISTORY MADE IN YEAR JUST OVER Recovery of Livestock Mar- ket Declared By Packers Feature of Period.

CHICAGO, Jan. The year that is just closing has made economic history. In future it, will be known as the year during which industry recovered from the depth of the depression into which it had fallen as a result of the waste of the World war. No other year of recovery presents so many interesting, nor so many puzzling economic problems, says the Review of Armour Co. One of the most interesting, and perhaps the most important phase of the Industrial situation, was the recovery made by agriculture through the medium of livestock in the early spring.

'A year ago grain markets were dishearteningly depressed. Reports were current that farmers were burning corn for fuel because no one would buy at a price that would pay for its harvestting. LIVESTOCK SITUATION. Livestock prices, while relatively higher than grain prices, were unsatisfactory to the producers and did furnish the producer with the proper return on investment -and labor. The change was first felt in the price of hogs.

During 1920 and 1921, the volume of production of packing house products was considerably reduced. As one result, stocks of pork became less and less. The available supply of provisions at the beginning of 1922 became 80 depleted that many packers made unusual efforts to replenish their stores. As a consequence, the price of live hogs increased rap. idly.

As the value of hogs increased, the value of corn gained, because corn makes hogs. The increase in the value of cattle up to some degree in sym-1 pathy. Added value was given to all farm commodities through the mal influence of hogs. The renewed activity in the movement of farm products gave the farmer his first ray of optimism within two years, and enabled him to pay off some of his most pressing financial obligations. The farmer began to spend-in a limited way, it is the psychological and tive effect of that spending had a tremendous influence on the general industrial revival which made self felt so pronouncedly in June of this year.

FARM PRODUCTS. Trade in agricultural products has been of a healthy nature all of this year. There have been bulges declines, no sHarp breaks, and those breaks especially in grains, that haye not of the kind that reach the farmer before the market recovered. Foreign made very encouraging revival, during the early summer. The demand for food products abroad was widespread and strong.

Unfortunately, financial condition of most Eu-. ropean countries did not enable them to purchase in quantities that were commensurate with the strength of the demand, nor their need for foods. The year closes with the European financial situation in just as dark a muddle as it has been at any time since the war, There has been some strengthening of English exchange rates, but very little buying has resulted from it. The packing industry has had a much better year. margin' between the cost of production and income is still too narrow fo.

proper returns on investment, but the most comforting thing is that in the final analysis, business is health-. try was approximately 1,000,000, which they say was not more than was needed when increase in ulation, extension of good roads and the added usefulness of the automobile is taken into consideration. COAL. SEATTLE, Jan. imports to the Pacific northwest from Australia have stopped, but some bunker coal linerming from Japan in Japanese CLEVELAND, 0..

Jan. moved over the Great Lakes last year amounted to only 19,745,892 tons, or about 7,000,000 tons below 1921. ELECTRICAL EQUIPMENT. PHILADELPHIA, Jan. plant here making insulated wire announced today that 1922 had been the greatest year in its history.

Production will reach a total of 4,500,000 pounds, o. 1,500,000 pounds above the previous record. HOPS. PORTLAND, Jan. for hops are being received here in fair quantity, but so far no sales have been made above 11c a pound.

Reports from Europe indicate that business may be from there late in the season. EQUIPMENT. CLEVELAND, 0., Jan. head of a concern here making railequipment, which has just declared extra dividend, said today that prospects for 1923 business were very bright, and that heavy orders were coming in. GROCERIES.

PITTSBURGH, Jan. Groceries and provisions are selling today in larger volume at wholesale than in any period heretofore in the last year. FRUIT. MARSHALL, Jan. natural cave near here which has been turned into the largest cold storage warehouse in the world, is expected to prove the salvation of fruit growers in event of portation difficulties in the future.

Pipes and air passages regulate the flow of cold air through the great chamber. LEATHER. CHICAGO, Jan. -The market for hides and leather is slow, but prices are firm today. GLASS.

PITTSBURGH. Jan. 4. -The glass industry. in this section is in 8 strong position today, with an unusual demand for plate glass undiminished.

DRIED FRUITS NEW YORK, Jan. 4. Dried fruits quiet. Apricots. 24 40c; apples.

prunes, 306 to 608, 605 to 100s, peaches, Readjustment Troubles Are Declared Successfully Met Nineteen- hundred and twentytwo was marked by substantial betterment in the country's general business situation, states the rent issue of the Guaranty Survey, published by Guaranty Trust of New York. The faet that this progress was a tion of movements begun in the preceding year, following the tic. reaction which produced widespread depression, has contributed to the increasing confidence with ment have the Survey which the problems, of readjustexplains. The Improvement in business conditions has not been one-sided. A fuller utilization of productive equipment and increased output of commodities to meet growing demands has been accompanied by betterment in the credit situationa strengthened condition of the banks as a whole, through liquidation of loans and the accumulation of adequate reserves.

As is usual, however, in the early stages of the upward swing. of the business cycle, industries share unevenly in the benefits of reviving activity, REASONABLE PROFITS. Moreover, the essential conditions of what may properly be regarded as general prosperity do not reappear as promptly as does the resumption of increasing business activity after the extremes of depression. For a time much of the reviving business is conducted at a loss or on very narrow margins of, profit. While this condition is in considerable measure unavoidable, normal prosperity is not established until there is promise of WIRE SUMMARY By E.

F. Hutton Co. wires. Average price of 20 industrials 99.42, 'up 20 rails 86.07, off .03. Federal Sugar Company -put new stock on $5 basis, equal to $8 on old stock.

Secretary Fall denies he will become counsel for Doheny Oil inThe United States Treasury is to redeem on all outstanding Victory notes in advanec of maturity date on May 20. Steel trade organs say outlook for industry continues very good with buying and rates of operations in marked contrast with year ago. Government withdrew $40,000,000 from Reserve member banks in New York today. Fall River cotton mills paid average dividends of 7.889 per cent for fiscal year ended November 1, or 1 per cent less than in 1921. Berlin reports the presence in Bremen.

of the Soviet cotton committee, of Moscow, who are investigating American cotton stocks there with a view to purchase. Copper export association will call for redemption all outstanding notes amounting to $18,000,000. $6.000,000 due in 1924, delivered by middle of 1923, one and one-half years before a final maturity of notes issued. Original issue of these notes was $40,000,000 secured by pledge of 400,000,000 pounds copper at ten cents a pound. In the little over three years that the association has been 'in existence it has sold 000,000 pounds of copper and proceeds have been from time to time distributed to members of the companies.

exports for December totaled 436.386 bales and for the year 5,992,346 bales. Exports for December, 1921 were 639,825 and for that year 6,474,105. The export duty of scrap iron or GERMANY SEEKS FORD OR JOHN D. AS AN ADVISER reasonable profits AS the reward for initiative and the assumption of risk. Genuine progress in the direction of prosperity is made, however, when losses resulting from idle or partly occupied productive equipment are being reduced, with the resumption or expansion of activity.

Accordingly, it is significant that a large number of corporations have been able in recent months to report 'operating profits after a period of repeated deficits. The number of such corporations has shown gratifying growth. PROSPECTS FOR FUTURE. No one expects that the rate of betterment in general business during 1922 as a whole can be continued Indefinitely. It seems probable, however, that further advances will be made coming months, with due allowance for seasonal factors.

The a aggregate reserves of the Federal Reserve banks are practically double the minimum legal requirements, terest rates are moderate, and the commercial banking institutions generally are in a position th filarger volume of transactiong without strain. These conditions, as reflecting the credit situation, will tend to stimulate business activity. Commodity prices are advancing. The housing shortage has not been fully met, the railroads are in need of new euqipment, the demand for automobiles continues at a remarkably high level, and inventories are generally not excessive. These are some of the outstanding conditions which also give promise of sustained activity in production.

steel from Mexico has been reduced by the Mexican government, the Department of Commerve was advised today from .5 pesos to .2 pesos per 100 gross kilos. The New York Times today says: The negotiations with officers of the Pan American Petroleum and Transport Company have been carrying on for several weeks -for additional acreage in the new Smackover Oil feld in Arkansas, were closed yesterday for the board of directors of the Pan-American Petroleum and the Mexican Petroleum Company will leave today to make an inspection of the new fleld. England Developing New Cotton Supply LONDON, Jan. view of the threatened shortage of American cotton for the Lancashire mills and the resulting serious position in which England's textile industry is likely to be placed, British official circles are directing considerable attention to development schemes in the Sudan, by which it is estimated Egypt's annual production of long staple cotton can soon be increased 110,000 bales. A loan is about to be issued, guaranteed by the British government, to provide funds for the construction of a 217 mile extension of the Sudan railways to Kassala, ih order to make possible the expansion of the cotton growing area in the delta of the River Gash.

WOOL WOOL NEW YORK, Jan. firm. Domestic fleece, XX Ohio, 43 domestic pulled, scoured, basis, 78c domestic. scoured basis, $1.05 territory staple, scoured basis, $1.25 1.40. Hoover Would Be Welcome Also to Aid Nation in Coming Back.

By S. D. WEYER (International News Service Staff Correspondent) (Copyright, 1923, by International News Service) BERLIN, Jan. 4. Germany would welcome John D.

Rockefeller or Henry Ford as financial adviser or sort of "economic director" to show the government how to lift the nation 'from its present industrial chaos, it was declared here today by the highest possible authority- -Minister of Finance Andreas Hermes. GOOD SENSE SOUGHT Herr Hermes, in an exclusive interview with International News Service, said Germany was exploring. every avenue in an effort to bring about a satisfactory agreement of the problems which confront them, chiefly arising from uncertainty over reparations. "You' in America have some very excellent men well fitted to take the European economic crisis in hand." said Dr. Hermes.

"We would welcome nothing more heartily than that the United States, whose impartiality we trust absolutely, carried out the plan that I have seen suggested, namely, appoint a big man to act in an' advisory capacity to the German government. HOOVER FIRST CHOICE "The best man in my opinion, of course, would be Herbert Hoover, secretary or commerce, at Washington. With his organizing genius, his foresight and his deep understanding of economic problems, he could. give Hoover tremendous does not aid. want But it, why not men like John D.

Rockefeller or Henry Ford, men noted throughout the world for their bustness ability? Mind you, I am not saying. this as a plea nor even as a suggestion to your government. But I do want to emphasize that Germany would be mighty pleased and grateful if the United States would take the dilemma by the horns." Electricity Output Goes to New High WASHINGTON, Jan. 4. age daily production of electricity by public utility power plants during November was 146,000,000 kilowatt hours, the highest total on record, according to the geological survey, which reported today that the average was nearly 5 per cent above the record set during October.

The total output for the eleven months ended November 30, was placed at 43,089,000,000 kilowatt hours, an increase of more than 16 per cent over the corresponding period of 1921. you see it in The TRIBUNE I tell them 80. had. practically wiped' out their frozen loans. Country banks have redused, indonedness per cent in the last year and bankers have no hesitancy in predicting that volume of trade of the south will -be 15 to 20 per cent greater this year than in 1922.

In Pennsylvania, Christmas savings clubs accounted for the ings of $21,902,000 in 1922 with a 14 per cent increase in the number of savers. Regular savings deposits in Philadelphia banks decreased rapidly since November 1st, but this was accounted for by, the fact that the savings deposits paid only 3.65 per cent, whereas government bonds yielded or better, and large sums were withdrawn for these latter investments. Deposits in Houston. Texas. gained over $1,000,000 from September.

15 to the end of the ye.ir, and exceeded $100,000.000 for the first time. With these conditions in view, merchants are buying heavily for the coming spring son. The advance guard of purchasing agents has already reached this market. Silks are in excellent demand in this market. MAIL ORDER BUSINESS.

The marked increase in agricultural. prosperity in the latter part of 1922 is measured to some extent by the increases in sales of mail order houses. Montgomery Ward sales rose from $75,956,649 in 1921 to $92.474,182 in 1922, a gain of 21 per cent. Farmers of the south found comfort today in the declaration of Dr. Reese Hutchison, managing director of the boll weevil control of the American Cotton association, that the newly discovered "mountain of white arsenic" in Utah would materially lessen shortage of calcium arsenate with which to fight the pest.

Eastern Savant Talks At Teachers' College SAN JOSE, Jan. L. D. Coffman, president it the University of Minnesota, addressed the morning assembly at the San Jose State Teachers' College yesterday, his subject being "Types of Teachers in Regard to Types of Teaching." Many local educators, in addition to the students and faculty of the teachers' college. were included in the audience that heard Dr.

Coffman, who dealt with various phases of modern educational systems and was filled with sound advice to the prospective teachers. Livermore Man Gets Medal for Services LIVERMORE, Jan. Mallegol of Livermore has received a bronze medal from the Treasury Department at Washington, D. commendatory of services rendered by him in an Indian upriisng in the Middle West. Mallegol is one out of ninety-three veterans who served during the uprising who are still alive.

He was a member of the First United States Cavalry. He served three years and was discharged in 1891, 710 6 No.99 DUE What This Service Means to You in Dollars Here are facts which you usually take for granted. Figure up their value to you in your business. First, you can take Southern Pacific trains with the knowledge that in a remarkably high percentage of cases they will take you to your destination on time. Thousands of men make appointments in advance for this Second, you know that you can go where you want to go when you want to Southern Pacific trains.

They reach most points on the lines several times, a day. Third, there is never a question about getting there even though rain, fog, sleet or other unfavorabie conditions are encountered. Dependability--that's the keynote. No other form of transportation compares in this factor. Courteous Service In addition to its dependability, Southern Pacific service means comfortable travel.

Club, observation LINES and dining cars are available on many trains. Southern Pacific men are proud of Southern Pacific service. Their first thought is courtesy and efficiency. It is Your service, made to meet your requirements. Use the Southern Pacific.

Enjoy the thoughtful provisions made for your comfort. Profit by the added dollars which this service enables you to carn. Southern Pacific.

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