New Britain Herald Newspaper, August 24, 1915, Page 9

'SUPREMACY OF U. IS IN CONTROL OF GERMANS Secret Correspondence Pubhshed in New York World | S. DOLLAR Furnishes Analysis of Finances of Powers of World. 24.—1In the batch the New York, Aug. of secret German documents in New York World this morning 2 ih suggests strongly that Dr. Heinrich F. Albert, Im- perial German Privy Councillor zulf‘. the Kaiser’s money man in this country, may have speculated in lard and provisions. The telegram, gens, a member of the Chicago Board of Trade, advised Dr. Albert, -who has figured extensively in the secrct LGocuments as a man of many parts and apparently of great worth in the cyes of Emperor William, to take a flyer in lard as the risk undoubted- ly would “malke your principal (evi- dently the Kaiser) a great deal of moncy.” The World also presents a lIetter written by TForeign Secretary von Jagow to Count von Bernstorff urg- ing the latter to gain publicity for -Germany’s White Book describin; “the atrocities of the Russian troop: There is another communication writ- ten by the German Ambassador Capt. Boy-Ed, Naval Attache of the German Embassy, telling him of the countries which have placed an em- bargo on the shipments of arms. Fin- ally there is a secret document giv- ing an analysis of the financial re- is 2 telegram 1w . sources of Germany, England, France “and the United States. Dr. Albert Urged to Speculate. The telegram which Mr. Tietgens, who is said to have made a larga ount of money through specula- ns at the beginning of the war, sent to Dr. Aloert is presented here: Chicago, Ill., July 8, 1915 H.F.Albert, 45 Broadway New York: As you have seen by the Govern- ~ment report, our promise is for a Wwheat crop of 960,000,000 bushels, the largest ever raised in this country. Provisions have been horribly de- pressed by severe liquidation. We firmly belive that purchase of Sep- tember lard will make your princi- pal a great deal of money. Septem- ber lard closes tonight at $8.65. This, with high freight added, will cost “der 10 cents delivered Hamburg, where actual prices are around 35 cents per pound I do not want to appear overper- sistent, but there never was a better proposition than buying this cheap lard for September delivery. The Armour firm is just on the point of -buying heavily, and after they once get hold in chances are gone. Three dollars a tierce will be sufficient mair- gin to buy 20,000 or 30,000 tierces. If paid in S:ptember, when you will have to take delivery, 20,000 tierces at around present prices would not cost over $650,000, and, as writ- ten you, this lard can be stored and ~carried for a long period in shiphold at New York. PAUL TIETGENS, Letter to Bernstorff. The letter which Foreign Secretary von Jagow wrote from Berlin to Count von Bernstorff, enclosing copi of the White Book and urging pub- licity, for it, follows: (Translation.) Fcrengn Office * No: 311. No. 11la 10,272. Berlin, May 24, 1915. I am having sent to your Excel- lency herewith thirty copies of a White Book regarding the illegal managcment of the Belgian war, to- gether with 200 copies of an English *version of the memorial contained therein - £ ,the special reports regard- ing the campaigns in Aerschot, An- denne, Dinant and Louvain, with the request that two copies of the White Book and the version be given to the government there, and that the mem- orial and special report be circulated there as widely as possible in the press. One copy of the White Book and a few copies to the consuls under your jurisdiction and to a few others designated personally. By the publication in the press, as well as by the memorial, the atroci- ties of the Russian troops will be brought out. A report regarding the release of these articles as well as regarding the effect of their publication, will be ex-, pected. By order of Jagow. To the Imperial Ambassador, Count von Rernstorff, Washington. Bernstorfl’s Reply. The World also prints an interest- Professional Qualifications Are necessary in applying glasses for the relief of Eyestrain and all errors of vision. Inferior and poorly fitted glasses are likely to injure eyesight. 10 protect the public optometry laws have been enacted. Avoid injury to your eyes getting your glasses from S. Stanley Horvitz Registered By Examination- Optometrist. Optician 321 MAIN STREET. Artificial Eyes inserted. Lens factory on premises, Examinations at home by pointment. Open evenings till 8 p. m. Sat- urday and Monday to 10 p. m. COLOSED WEDNESDAY AFTER- NOONS DURING AUGUST. by ap- sent by FPaul Tiet- ! to ! sent by Count von Bernstorff i?,g('f.“:éf Boy-Ed, his Naval Attache, s follows: & g:“(lll-x'hurst N. Y., June 24, 1915. In reply to an inquiry directed to (he Imperial Chancellor under the date of April 26 of this year as to which countries have placed an em- bargo on shipments of arms the fol- lowing answer has been received: Tebruary 21, Bulgaria. August 6, Denmark. October 16, Greece. August 1, Italy. January 26, Norway. August 13, Switzerland. August 1, Sweden; transit October and January 9. August (?) Netherlands. November 25, Rumania; transist in- | cluded. Nevertheless I believe that we should now keep out of everything until our note goes in. The Imperial Ambassador. (Signed) J. Bernstorff. To Capt- Boy-Ed, New York. (On reverse side of sheet.) In the answer of Wilson of April 21, 1915, regarding shipments of arms the fcllowing is found as principal argument against an embargo on shipment of arms. “The placing of an embargo on the trade in arms at the present time would constitute such a change and be a direct violation of the neutrality of the United States.” An unidentified writer has devoted eighteen typewritten pages to an answer'to a pamphlet written by E, F, Davis, a manager of the London Coun- ty and Westminster Bank of London and chairman of a committee of Eng- lish and foreign bankers on exchange problems. This pamphlet attacked the financial and credit system put into effect by the Germans since the outbreak of the European war began and is entitled “British and German Finance. German Financing Defended. The writer takes exception to state- ments made by Mr. Davis that “Ger- man firancial houses were forced by government to invest in war bonds and that war loans were subscribed to by *persecuted bankers.” He points out that the bonds amounted to 3,- 360,000,000 marks, whereas the issue referred to was limited to 1,000,000,- 000 marks. Then the writer says: The best answer to Mr. Davis’ as- sertion that subscriptions were forced through “persecution” of large insti- tutions is contained in the following figures: There was a total of 1,177, 339 sub- scripticns. Among them were the following: 231,104 subscriptions for amounts of 100-200 marks ($25-$50.) 241,804 su riptions for amounts of 300,600 marks ($75-$125.) 453,143 subscriptions for amounts of 600-2,000 marks ($150-$500. A total of 926,051 subscriptions for amounts below 2,000 marks out of 1,117,235 subscriptions. Only 210 subscriptions of above 1,000,000 marks ($250,000) were received. Denies Davis’ Statement, The writer of this secret document further denies Mr. Davis's statement that the Darlehnskassen (the new loan banks established by Germany to relieve the Reichsbank) aid in frenzied finance and pawning opera- tions. He says that the Darlehnskas- sen, which were operated first in 1848 and succeeding German wars, have been proved highly successful, and that the Darlehnskassen notfes are triply secured; namely, by the guarantee of the German government, by collateral and by the unlimited liability of the debtor. The secret document also says: The Darlehnskassen measure will rank, to the imperial financial ob- server, with the very best emergency measures that have ever been adopt- ed during times of stress by any of the leading naticns. The emergency ‘currency issued by the national banks of the United States at the beginning of the war were not a bet- ter circulm‘dnz medium and certainly the “‘Kriegsdarlehnskassenscheine’ are fully as creditable emergency notes, considering the triple guaran- tee, as previously stated as the emer- gency notes issued by Great Britain under the bank notes act of 1914. America’s Part in Finance. The document then goes into the moratoria declared by the British government after the war started and says: Mr. Davis should remember that English bankers caused sterling ex- change to rise to such a pitch that it would have caused disaster had not the banking business in the United States been on as stable a basis as it actually was at that time and had not the New York Stocl: Exchange, under the stress of Euro- pean liquidation, closed its doors in self-defense. Discussing the reasons for the de- cline in the rate sterling, the docu- ment sa The war has brought England painful surprises and the English bankers have had their share. The true effects of the new condition upon London as the world's financial cen- ter will only come to light when the war is over. Already are the signs of a suc- cessful dethro: g of the pound ster- ling bill of exchange as the world’s medium of exchange and that of the London banker as the world’s banker are both hopelessly undermined by the events of the last eleven months, We have seen the foreign exchange | system which centered in London ut- terly collapse, incurring thereby im- | measurble losses to unnumbered mer- chants all over the werld. No Free Market of Gold. London has ceased to be a free mar- ket for gold. The sterling rate in New York is so low that any one may figure the expense of shipping gold in a most liberal manner. The English banking community apparently is prepared in this instance fo recognize the German submarine peril, for the recognition helps them to retain thier gold. But at Mr. Davis' gold export point from London to New York, i. e., 4.791%, there is about 31 cents per pound profit in exporting it. Will Mr. Davis explain why, with exchange on London, around 4.76, no gold is being shipped to New York? There is only'one explanation. The much boasted of free English golq market is completely out of gear! In contrast to England’s attempt to hoard gold the writer says: ‘“New York at present possesses an abundant sup- ply of money, and large aggregate of idle funds are eagerly looking for em- ployment.” He says that ordinarily American bankers would have invested in London acceptances, and deposited with London bankers, but nothing of the kind has happened. Answering the question why this is the case, he says that the American banker has only one reason, and it is found in the depreciation in the investment valye of the sterling bill, the depreciation in the pound sterling and English credit. “A tremendous fall has occurred,” he adds. “The structure which has been the life work of bankers and merchants, assisted by the at the time prevailing British policy of keeping aloof of entangling alliances with con- tinental powers, has utterly been crushed to pieces. and England’s credit will fall still lower. The reconstruc- tion will be hard, for England’s econ- omic fabric and the construction of London’t money market are the result of her ante-bellum advantages as world’s banker. “England’s depleted resources will nct give her the strength to success- fully counteract the efforts of other centres, in particular the efforts of New York to gain financial supremacy. The dollar will surely defeat the pound sterling in the entire Western Hemis- phere and perhaps in the Far KEast, too.” SUGGESTS ARABIG MAY HAVE HIT MINE Overseas News Agency Sends Out Item—Captain Denies Theory Berlin, Aug. 24.—"Naval circles call attention to a remarkable contradic- tion in thé English press reports re- garding the Arabic,” s the Over- seas News Agency in an item given out for transmission yesterday. “One report says that the passengers and crew received life belts when the steamer enterd the danger zane. This statment is declared to be nonsensi- cal, because, it is pointed out a vessel leaving Liverpool is at once in the danger zone. However the distribu- tion of life belts, it is argued. admits of the conclusion that the steamer’s captain, obeying admiralty orders and spurred on by a high money re- ward, intended to ram the submarine as soon as it was sighted. “Other reports state explicitly that no submarine or torpedo was sighted, permitting an assumption that the ship struck a lose mine, all this showing the necessity for awaiting the o<§:ial report The Deutsche Tages Zeitung editorially: Justification of Warning. “If it is true that a German sub- marine destroyed the Arabic and that American citizens thereby were acci- dentally drowned, this is a fresh jus- tification of German warnings to for- eigners not to enter the war zone an board British ships and of Germany's advice that they use ncutral ships in- stead. “ ‘It is extremely Tages Zecitung adds, ‘that the United States has entirely disregarded Ger- many’s warnings and tried by threats to cause Germany to give up sub- marine warfare, which is an impo: bility. This doubtless is the sent- ment of the German nation.” Regarding War Expenses. An interesting view on the matter of war expenses, which are being talked about here is given out by the Overseas News Agency as follows: ‘“George Bernhard, one of Fer- many’s best known financial writers in an editorial in the Vossische Zei- tung says the recent statement by Dr. Karl Helffrich, the German minister of finance, that the enemies of the Central powers would have to pay the larger part of German, Austrian and Turkish war expenses, could be more easily put into effect, than is believed by many pessimists. Germany, he pointed out, holds wide strips of val- uable land to the east and to the west. If these lands were returned to their former owners they must pay the price fixed by the victors, the writer declares If the territory should be retained it would increase the na- tional wealth and the actual amount of tax receipts. The réfined financial technique of modern times, he ar- gues, would permit arrangements for the paying off of such war debts with- out disturbance of the money market” Captain Denies Theor, Liverpool, Aug. —Capt. liam Finch of the sunken White § line steamer Arabic, last night, gave The Associated Press a statement bearing on the cabled reports that some German officials claimed that there was mo proof that ‘the Arabic had been sunk by a German ‘sub- marine and that she might have met disaster -by running into a British mine. “There is not the slightest doubt that the Arabic was sunk by a tor- pedo,” said Captain Finch. ‘Neither is there the slightest doubt that it was fired at the Arabic deliberately. ¥s says regrettabie,” the ar “I am going to find out” “I have been reading and hear- ing about Columbia Records so much and so often—that I am go- ing to decide right now for myself whether they are better recorded and have a better and more lasting surface than any I have ever heard. “I have heen told time and again that they will fit my machine, and thit there are hundreds of Colum- bia Records at the standard price of 65 cents. I am going to prove it. “Within a very short distance of where I am right now there is a Columbia dealer. And [ am going to see him. I own a talking ma- chine, and if there’s anything new or better in the way of records, I want it.” Now you've BRODRIB & WHEELER 138 MAIN ST. Hallinan Bldg. | said it — do .it, It is quite true that we never saw any submarine or ony periscope; but I saw the white streak made by the passage of the torpedo through the water, a white streak that commenced with air bubbles in the water 300 yards from us at the point where was discharged ot us. No Mistaking Causec. ‘There was no mistaking the cause of that white streak, which ended In a torpedo entering the ship and caus- ing the explosion which sank the vessel. I was not alone in seeing it. The chief officer, the second officer and many passengers saw it. No one can doubt for a moment that it was deliberately fired at the Arabic. Those aboard the submarine evidently saw us and got into a position ready to release their torpedo. “The fact that nobody on the Arabic submarine may be easily ex- plained. Those in command of it could submerge and leave only a small portion of the periscope show- ing above the water. When the missle was sent at us under such circumstances, it would be impossible for thosc on the Arabic to see either thie submarine or the periscope. Absy a mine caused it saw a suggestion Perfectly “The suggestion that the explosion is perfectly absurd. 1 repeat that there was only one thing that sent the Arabic to the bottom That was a torpedo.” Captain Finch was seen at his hLome in Liverpool, where he had just arrived from Queenstown for a con- ference with the officials of the White Star Line. Before making his state- ment, he laughed heartily at the claim of some of the German officials that a British mine had sunk the Arabic. Amerfcans Saw Torpede, London, Aug. 24.—Official and un- official statements were made yester- day bearing upon the precise status of the steamer Arabic at the time she was sunk, the purpose being to show definitely that she was an unoffending merchant ship proceeding on her course and that without question she was struck by a torpedo fired by a German submarine. The latter point became increasingly important owing to cable Treports from the United States stating that some Berlin officials maintained that since there was no proof any one aboard the Arabic saw the submarine the smkmzy might have been the result of strik- | ing a mine. The foreign office issued a brief atement summing up the facts within its knowledge Without disclos- All Our Stiff Straw Hats $2.00, $3.00, $3.50, $4.00 NOow $1.00 Lots of Het Days yet to come. Split Straws, Rough Straws, Smooth Straws, Any Straw ONE DOLLAR AT @he Wilson @a. | POMPEIAN OLIVE OIL ALWAYS ‘FRE S PURE-SWEET-WHOLESQME ing all the details in its possession. The statement said definitely that qho Arabic was sunk by a German syp. marine without warning and without any attempt on the part of the steamer to attack the under water craft or to escape. The announce- ment also declared the Arabic was unarmed and was proceeding to a neutral port and therefore carrying no contraband. This is considered a summing up of the British official view of the essential facts and as showing the culpability of the Ger- man submarine in sinking the ship. Dunsley Crew Testify. most important direct testi- mony came, hawever, from members of the crew of the steamer Dunsley, who gave a circumstantial acount of seeing the German submarine while she shelled the Dunsley. They de- clared that during her maneuvering astern of the Dunsley the submersible ame so clearly into view that it was possible to note she showed no num- ber or distinguishing mark. Later, they declared, the submarine sub- merged and rounded the Dunsley’s stern showing only her periscope. These statements are considered to iill the gap in the testimony given by Captain Finch, the passengers and crew of the Arabic who did not see the submarine because she was astern of the Dunsley. Those aboard the Arabic have declared they saw the torpedo speeding towards the ship, and the Dunsley's survivors now ert the torpedo was fired from a German submarine which they saw maneuvering behind them. All Affidavits Cabled. All the affidavits made by the American passengers on the Arabic now have been cabled to the state department. These statements give every detail available from American sources. They relate chiefly to indi- vidual experiences but all agree that no warning was given. The approach- ing torpedo was seen, but not the submarine. The funerals of some of the mem- bers of the Arabic’s bewF/ whose bodies have been recovered were held at Queenstown today: The services were attended by members of the city council, the Royal Irish constabulary, representatives of the White Star Line and a great crowd of citizens. 4-COURSE DINNER TOGERMAN CAPTIVES Prisoners in France Protest Sleep- ing Twelve in Dormitory The Pari Aug. 24.—Baron D' Estour- nelles de Constant, who has been \isiting the camps of German prison- ers at Belle Isle, in writing for the Temps a description of declares every officer has an orderly who blacks his boots, brushes his clothes and does his washing or has it cone. All the officers wear spotle linen and are freshly shaved. They observe among themselves a most correct discipline. Baron D'Estournelles in talking with soldiers who complained of their treatment remarked that they looked well. “That is notwithstanding the con- ditions,” onc of them replied, “it is our good health and our German tem- perament that we owe being as we are.” what he saw, Exercises, “And our morning exercises Open Air Another added: piine. I rise every o'clock and take my open air.” “But after all, what is it you lack?" :ked Baron D’'Estournelles, ‘and T'll ‘try and get it for you.” All the men in the group exclaimed: ‘*Baths, gardens, liberty.” They were reminded that they two sea baths a week and on many cccasions were permitted to wander ahout quite freely, but that guards Wwere necessary. Chorus of “Certainly.” “Do you mean to say,” demanded Baron D'Estournelles, “that French prisoners in Germany are better disci- at 6 in the had | treated than you are here The reply was a chcrus of ‘Certain- Iy The baron describes the kitchens where giant Pomeranians and West- phalians aid diminutive French chefs wvho conduct themselves like artists among their pupils. Every one seems to relish this Franco-German cooking. The food provided is of good quality and there s considerable variety. Dinner consists usually four courses. Visitors Are Welcome. { Visitors, the baron asserts, are wel- come at the camps. Representatives of the United States emb: call frequently and other visitors include Red Cross agents, clergymen who are citizens of neutral countries and rep- resentatives of various charities. The prisoners have magazines and wicker chairs are provided for their | use when they sit on the beach. There also is an improvised gymna- | sium and music instruments. The prisoners complain, that they are compelled twelve in a dormitory. of however, to sleep PERFECTLY - PASTEU IZED MILK SEIBERT AND SON Park Street, Near Stanley. 6 teams. Tel. connection BAND CONCERT TOMORROW second to Be Given by Mayor Quigley At Walnut Hill Park. The second of the series of by Mayor George A. Walnut at 8 —y e Richard Broj mobile along ran over a dog ler of 511 Majn the animal was not broken and the poli Crowley who shat the the carcass. The ‘Jewish night in Talmud ports on Sunday’'s scriptions will be plans outlined Mrs at the cently band concerts given Quigley will Hill Park o'clock by the Americ be furnished at tamorrow evening n band W. H. Bishop has arranged a program which bound to please all lovers of music Each of the numbers has been se- lected after a request had been made by some individual. The program follaws March—*"International Peace" . Overture—"Beautiful Galatea .. . Poooaee i s Suppe Hesitation—Starlight”’ Selection— Faust’ “American Patrole’ Meacham Medley—Rage in Ireland” Beyer “Moccasin Dance” .....Fischer Selection—*Rabin Hood" DeKoven (a) “It’s Tulip Time in Holland e Whiting (b) “Cows May Come" Von Tilzer Selection—"The Firefly" Finul Finale—"A La Carte” .Holzmann W. H. BISHOP Director. For the event Leader - comittee mass arran meeting i Tor war made Miller ol Bassett, hospital, wh operated on by Dr. recovering. Jennie local Cruzer Gounod Valse < is rapidly Granad men brought against Lafayette st Rollin Petso! William Sul been settled out of court. B C. hors frightened and ran away of cial stret this morning, ® small boy out of the Wogan. stopped at Center stre was done. Suits Krystopik, a rapher, by Skritulsky and Kopolowitz's damage Edward Sullivan repr: { 1ocal Tierney Cadets at thel A. & B. convention in New day. M. P. Lezhorn York tomorrow the Jeweler's for New attend will leave where he will convention. THE CURRA DRY GOODS C( Extraordinary Bargai for Wednesday Morni You will find on every counter many more ban not advertised here. Come to the real bargain as the values speak for themselves—As that is aim to give the public values to keep them he do their trading home and save you money and Women’s Neat Street Dresses, the balance of our $1.50 to $2.00 Dresses. Wed. atmorat e Women’s Fine White Shirt Waists assorted lots. Value for 69c¢ to 98c. Wed. a. m., at | Women’s Muslin Nigi . Gowns, 50c value, Wed. a. m,,at . ... Women’s and Misses’ Ribbed Underwear. winter weight (samplea,, 25¢c to 29c¢ value; Wed.a.m. ........... VWomen’s Odd Coats Wediia.m.,ats B 3 2 1 51 3 3 2 from Linen Suits. Men’s Work Shirts in Amoskeag Blue Chambray faced sleeves. 50c value. Wed. a. m., at ... ity Men’s Heavy Flannelette Night Shirts, 50c value. Wed. a. m,, at Fun Size Bleached Bed Sheets, worth 59¢c. 50 dozen. Wed. . ..., at 3 Bleached Pillow Cases, 45x36, good cotton, worth 14c. Wed. a. m., at Fancy Scarfs for dresses, worth 19¢ and more. Wed. a. m., at Bed Blankets, good size, worth 89c. Wed. a. mrat oo Fancy Corsets, sample models of high grade makes. Wed. a. m. ity A small lot of Corsets from 69c to 79¢, $1 lines. Not au sizes. Wed. a. m., at Bleached Turkish Towels, good size, 10¢ value. Wed. a. m.,, 4 for Silk Moire Wed. a. m,, at . 7-in and 6-in. All worth 19¢ to 25c. S 1 3 2 1