The evening world. Newspaper, August 1, 1914, Page 2

wy she will remain neutral. The text of the h from Rome says: o Te is authoritatively announced that the Mar- quis di San Giuliano, Italian Foreign Minister, has ‘Anformed the German Ambassador at Rome that will remain neutral, her obligations under the le-Alliance treaty applying only to a defensive » Italy therefore considers herself released from engagements, the war waged by Austria-Hun- gery and supported by Germany being essentially an offensive war.” Diplomatic relations between Russia and Ger- many have been. severed. An official news agency @espatch received here from Berlin via London | @ates that with the expiration at noon to-day of | Germany's ultimatum to the Czar arrangements / were at once begun in both capitals for the taking . over of the Embassies by neutral powers. Arrangements were made last night by Myron + Herrick, the American Ambassador, acting under |. instructions from Washington, to take over the af- fairs of the German Embassy, while Alexander H. * Thackara, the American Consul-General, is to look after the affairs of the German Consulate. Mr. Herrick has been ordered to remain at his Bae ® _ post throughout the crisis and until his successor, Mr. Sharp, arrives, probably the latter part of this = month. ~ France believes Germany is deliberately taking @very step to exasperate the War Office to a point of forcing hostilities. Repeated overt acts along ' the border reported to the War Office are believed to have been planned in the hope that the French troops on the frontier would be drawn into a conflict. the city, and men and women allke, wrought to intense excitement b: . BERLIN, a 1.—In an oe to ers patriotic fervor, embraced. gent to-day at e same time ermany gave Russia ae “ ‘twelve hours to stop mobilization, the Kaiser Americans in Germany ; ‘\ demanded to know whether, in case of war between . " en and Russia, France would remain neutral. Hem med ina nd Fra ntic BERLIN, Aug. 1—The American Embassy was overrun to-day by a VIENNA, Aug. 1.—Emperor Franz Josef to-day . exdered general mobilization of all Austrian forces} crow4 of half-frantic American tourists. It was necessary to form them aa in line in order that their inquiries might have the attention of the because of the Russian mobilization. Ambessator and his staft. A large percentage of the crowd was composed SS UI CBS GIVEN BY AUSTRIA. of American women, many of them school teachers. LONDON, Aug. 4.—The Westminster Gazette says the «ustro- Mra. Jamea W. Gerard, wife of the Ambassador, took her turn with i Government yesterday sent a commumicatiop to St.\Petersburg! Gr’ tne amen’ as well ns of the women have beer ntentiatca rhe roubles ‘ | dectaring that Austria-Hungary had no intention of annexing Servia, ex. | that travelling checks are rot honored, and practically all of the Americans fuishing the sovereignty of Servia or reannexing the Sanjak of Novi- have been caught short of actual cash, It was stated several days ago that such a message was to be sent. King George Appeals to Czar To Make Final Peace Effort The Embassy staff was on duty all last night. Mrs. Gerard personally took care of half a dozen American women, who were almost hysterical. | SONDON, Aug. 1.—King George, in @ final effort to prevent the out- | teak of @ general European war, in which millions of men would meet in Ambassador Gerard is advising all of "those with sufficient funds to get across the Ger.aan frontier into Holland or Belgium at the earliest | possible date. Several parties left to-day in an effort to make the trip fed conflict, to-day, at the eleventh hour, sent a despatch to Emperor 6¢ Russia, and his message was understood to contain an ultimate for the preservation of peace. His Majesty's action was taken after confusion. High officials of the army were cheered as they rushed from | point to point in motor cars. The climax of enthusiasm was reached when, during the gt ca a great army dirigiblo swept across the sky just above the city, manned with a complete crew. As its propellers whirred the ‘cowie on the sidewalks rushed into the middle of the street. All eyes were turned upward, Wild cheering marked the passage of the war instrument hgh e by automobile. All of these carried passports and identification papers which will get t through without molestation, even in event of a declaration of war prior to their arrival in a neutral country , To those unable to reach the Netherlands, the Ambassador has given assurance of protection and food and shelter. He has assured all of the that in event of a break, means will be taken to insure their return to America on American ships or ships flying the flag f a neutral country. — eo FRENCH CABLE CAN'T DELIVER MESSAGES SENT TO GERMANY. The French Telegraph Cable Com- pany announced to-day that it could not promise the delivery of messages for Germany sent over its lines, as all telegraphic communication between France and Germany has been cut off. Manager E. C. Sweeney has in- structed his clerks to accept mes- sages for Germany only at the send- er's risk and responsibility, ‘The Sawa that there ts bg ass Serer eoiaw ino ameath tee raph communication _betw iow ‘alluded to the gravity of the sit- 7 ince and Germany came from the uation. He said that to bring about | Office of the French Telegraph Cable Rrotehs ance a atant war eae come It indicates the times unavoldable. He added that|@cutencss of the war situation in- nape. general disturbance. in |Volving these two nations, —_——— pe would soeerre ene ried the Permanent Sea aan araneany oe ware a IN EVENT OF WAR JAPANESE NAVY PUT IN READINESS TO TAKE PART IN WAR. TOKIO, Japan, Aug. 1.—The Jap- nese navy has been prepared to meet any emergency and the Minis- te of Marine, Vice-Admiral Rokuro Yashiro, to-day went to Nikko to consult the Emperor on the interna- tional situation, In the meantime the second battle squadron has as. wembled at the naval station Sasebo. Count Shigenobu to vonfer with the “Miat Italy bad decided to remain neutral unless attacked. While this in- D Germation was not confrmed, it was sald in official circles to have “caused Gurprice.” ‘The British Geet, stripped for action, is mobilized in the North Sea, ‘German battle squadron, in the same condition, is off the south of Hol- ‘They wait the word by wireless that a state of war exists. One German equadron is already reported stopping merchant vessels, ling their destination and manifest, cruisers of beth nations coasts, The greatest naval battle in history is r mediately a declaration ef war. ‘Zhe British and German Sects are being augmented as fast as reserve be placed in commission. Colliers and oll tanks, with the necessary te keep the bunkers of the warships full, are being rushed to the ren- Even warships are utilized for that purpose. All that cleared Thursday carried their entire bunker capacity jammed and their for- Geck. piled with sacks of fuel. German equadron reported holding up shipping is off Langeland in Great Belt. Sweden as@Penmark ure both reported to have warned warships out of their ports, k to-day asked that Germany explain the action of German in stopping and searching two Danish vessels off Langeland, report of the searching of the ships has been made to the Min- of Marine at Copenhagen. Oll tank steamers plying between New York and British ports have a British register have been requisitioned by the Admiralty, They red to supply the oll burners of the battle feet. tentative war plans are complete, The Cabinet perfected a half hour sitting to-day. It was admitted that the situ. Was serious and plans to meet every possible contingency have now pertected. The Japanese Government ha: itponed rte Proclamation of neu- trail between Austria-Hungary and and is 11 constant communi- moe with the Brit’ h Government, mie WELSH MINERS PROTEST AGAINST ACTION BY ENGLAND. CARDIFF, W: South Wales Mine: Federation re- plied to-day to the British Ad- Miralty's request that they work overtime on holidays next week in order to accumulate a coal reserve for England’ waren, that thy saw ae Standard Ol! Companies doing an ex- port business will be seriously affected in case of a general European war, as it is declared by Standard Oil men that ofl is considered contraband of war. A great number of vessels car- rying Standard Oil products char- tered vessels, and most of thei either the ¢ Yesterday all vessels fly man flag were ordered ‘Phat Gormany's ultimatum to France and Russia, demanding that they War preparations—if one actually was given—expired at noon, is the of the newspaper specials from the Continent, agp has ‘discontinued her warlike preparations. 4 censorship continues an almost Impenetra cloud over the hap- on the Continent. Brief disjointed despatches come filtering through ap heel they were filed. All emphasize the feverish war preparation: Rumors that Germany was preparing to attempt # blockade of Eng-|no necessity for England intervening ports resulted in the Hotels Cecil, Savoy, Ritz-Carlton and Waldorf 2 & European conflict. Resolutions in three months’ supplies of provisions to-day, The Admiralty of. | adopted by the miners asserted that laughed at the suggestion of a blockade, ‘3 ‘did = consider overtim: one Lines Seized By French Government Aug. 1—The French Government has seized all French tele- Hames, including the English submarine line. Telephonic communi- is absolutely interrupted. | ‘This was done to make the censorship complete. While the telegraph Sadie lines have been supervised by the censor for fort Was no way to check up on telephonic communications, have been placed in charge of the exchanges. \e interritption to business was complete, The cables extending under | had n ‘ere working to capacity and apparent!y in good shape when | With t 1 y the wires on the land end went dead, the time he te elty was in a turmoil, The streets are packed with men and excitedly discussing the situation, Soldiers marched from gape to Aug. 1.—The Neither France ports, It is understood that concerted action was taken by all German ship- ping firms in recalling their vessels, but so far, nothing has been done by British shipping companies. Standard Oil Companies are not sending out any vessels from New York or Philadelphia under present conditions owing to the fact that oil {a contraband of war. came WESTERN MINES SHUT DOWN AND 3,000 MEN ARE OUT. ar resolution con- ‘must decline to countenance in any way British intervention, There is no necessity that England The resolution made a veiled threat to call on the international miners’ organization to Prevent war, pre- sumably by a ff Vem-| RUTTE, Mont, Aug. 1.—As a re- sult of the unsettled conditions tn the ts, domestic and foreign, due to European war clouds, the Great Falls ameiter of the Anaconda Copper Mining Company co| yesterday and seven min France at| dered shut down here to- It was not ®/ More than 3,000 and it was intima’ cialis that if the the markets continued for a week a On the Lorraine, arriving to-¢ay, was Senor Miguel Diaz Lombardo, former [iiaieter of Nese to gtd preven Faction at rer known war spirit as there, "affected by mining offl- otic condition of ut a gri the opportunity rmany for past di seppanie were saremed ish troops, Reserviets, eauions Mio tin back, Alaace and atlas wore wanted and ‘where they would mobilion, added to the e298 He OY Nat tho Washes amolter tight result Americans that their plight has been communicated to Washington and| on| | | Servian Women i. League of Death to Defend Their Homes; United States Minister Herrick MEN OF “rim an (ig Ey OP ser oe BANKERS CONFER TO KEEP AMERICAN GOLD AT HOME (Continued from Firat Page.) ernment and the banks” was all that was needed to guide the financial in- terests of the country safely through the present delicate situation created by the European crisis, lors met to-day at the Guaranty Trust |Company and appointed a committee | brokers be held toe fix a reasonable ” 130,000,000 in Gold Sent Here by Parcel Post PHILADELPHIA, Aug. 1.—Thirty milifua dollars in double eagle gold coins were shipped to-day by parcel post from Philadelphia Mint to the Sab-Treasury in New York, making a total of $50,000,000 forwarded since Thursday. It is said twenty million more will be sent on Monday. The weight of the gold shipped to-day was 113,400 pounds—just 600 pourids less than fifty-seven tons. It was sent in bags, each bag containing $5,000, and sts of these bags were put in a large mail bag. Postal wagons conveyed the precious metal from the mint to special tion. j headed by Max May, vice-president of jthe trust company, to report at an- other meeting called for Monday morning. The principal points dis- cussed were some form of concrete action to prevent further exports of gold, devising means for buying of bills of exchange in order to facilitate movements ef grain to Europe, and inventing a temporary system to over- come the present demoralized condi- tion of the foreign exchange market. One of the suggestions made at the meeting of the foreign exchange brokers was the shipment of $100,000 gold to London in the form of a loan, or in payment of bond purchases. ‘This transaction, it was said, would be of great benefit to the London ma: ket and react to the advantage of our own. It was also suggested that daily meetings of a committee of exchange range of rates and supervise the ex- change of foreign bills and transfers. The Association of Partners of Stock Exchange Firms, an inner circle of brokers, met to-day to prevent un- authorized dealings in securities, in order to check any possible further slump in prices. The banks are ac- cepting the closing prices of the last session of the Stock Exchange on Thursday the basis for collateral At a meeting of the Executive Committee of the National Currency Association, held at the Clearing House this afernoon, applications Many of those with letters of| Were cotsidered for a substantial amount of national bank notes which may be Jasued under the provisions of the Currency act. All the machin. ery for rapid action under this act is In readiness, and it is expected that a sufficient amount of these notes can be issued to meet any de- mands that are likely to be made for circulating media, There are already printed a total of $524,000,000of com. pleted bank notes, and they are in the emergency vault of the Treasury in Washington. Whatever may have been the hos- tility of feeling in the past between leading financiers of Wall street and the National Administration at Washington, all differences have disap- peared in face of the danger from outside, Exchange of telegrams yes- terday and last night established such @ common determination to stand together that a delegation of bankers is in Washington to-day con- ferring with the Secretary of the Treasury and otlor high Government officials, Grain markets were quiet and showed little fluctuation to-day, There is a sudden halt in all export of wheat, despite the European de- mand, because of lack of ships in which to carry foodstuffs acroas the ocean, Everywhere there arose de- mand for an Anferican marine that would enable the enormous crops of wheat and cotton to be carried. An- nouncement was made that France had suspended import duties on flour and bread to relieve possible distress, but there is no adequate means of getting American grain across, Many other lines of export trade are stagnated. The Standard Oi) Company has checked its ships. The Anaconda Copper Mines in Montana have closed because of halting of copper exports, Merchandise houses in New York who are large exporters and importers are marking time. The Clearing-House bank state- r}ment issued at noon was eagerly awaited and studied. It showed that, except for the heavy withdrawals of gold for foreign shipment, the finan- celal condition of the great banks was strong and normal, The most sig- nificant item was the decrease in specie of $53,065,000, representing j the drain of gold during the last week. Despite the enormous deal- ings on the Stock Exchange before |\ts suspension of business, the loan | accounts at the banks showed only the relatively nominal increase of $1,182,000, The banks to-day have aggregate cash resources of $411,- 580,000 as compared with §467,579,000 a week ago. The difference is repre- sented wholly by the foreign gold shipment, These withdrawals re- sulted in a reserve deficit of $17,425,- | 760 as compared with an excess cash reserve a week ago of $25,127,000, In hopes of doing something to re- on loans. is resulted in com- plete steadiness of the market situ: tiow and all loans are regarded now as well secured by collateral. The partners issued the following ment: wise action of the Board of Governors, in closing the New York Stock Exchange at this time, protects American interests and restricts the withdrawal of gold by Europe,” —_>— LONDON BANK CLOSED ; DEMAND FOR GOLD INCREASES LONDON, Aug. 1—The National Penny Bank, an institution with many branches where small deposits are re- ceived, was closed to-day. In an- nouncing their devision to close the doors the directors said that owing to the serious financial altuation at home and abroad, which bas caused all Btock | , Exchange securities to suffer enormous depreciations so that they cannot be| >Y easily realized upon, and because of the further difficulty in obtaining gold coin, the directors feel compelled, in the interest of depositors, to suspend! business for a time, since the Indian mutiny in 1857, the next highest point being 9 per cent. In 1873, The closing of the National Penny Bank, whose customers are mostly working people, eamed née excitement. Quietude prevailed at other banks and there was no sign of a run. The Baltic Mercantile and Shipping Exchange is to be open on Monday, an unprece- dented occurrence on @ bank holiday. In Mincing Lane beet sugar futures slumped violently from ss. 64. to bs, 64, per hundredweight, Refined sugar again hardened 64, and was withdrawn from the market. PARIS, Aug. 1.—The Bank of France to-day raised its discount rate from 4% to 6 per cent., and its rate loans from 5% to 7 per cent. The Bourse was open, but there were no quota- tio BERLIN, Aug. 1.—The bank rate of the Imperial Bank of Germany was raised to-day to 6 per cent. BRUSSELS, Aug. 1.~The National Bank has raised its discount rate from 6 to 6 per cent. Suspension of specie payments by Government banks weg authorised in an order issued by the Government. AMBTERDAM, Aug. 1.-—-The bank rate of the Netherlands has been fu- creased from 41-3 to @ per cent. CONSTANTINOPLE, Aug, 1.—The Constantinople Bourse closed to-day, AMSTERDAM, Aug. 1.—A law has been passed by both Houses of Con- gress allowing the Netherlands Bank to reduce its gold reserve against bank notes from 40 to 20 per cent, ‘This means that the bank can issue An additional $20,000,000, which will Neve the blockade of financial tran- eactions between the United States and Europe, foreign exchange baak- be available for loans against bilis and stock ap collateral, a margin of 00 per cent. being required, SCHIFF BELIEVES WAR IS IMPOSSIBLE Banker Says So After Exchange of}Changes Planned in Canal Law Cablegrams With Correspon- changing c: correspondents. He said to-day he belleved war was absolutely im ae CLEVELAND JOINS tice. situation Euro; SCHOWLES.—On July 8: SCHOWLES, beloved husband cf Miisa- dents Abroad. BAR HARBOR, Me., Aug. 1—Jacob H. Schiff of Kuhn, Loeb & Co. spent yesterday at telegraph office here ex- les and telegrams with le, OTHER CITIES IN CLOSING CHANGE. 1—Thd Stock Exchange here to-day sus- pended operations until further no- Baker, President of the exchange, said that, “while in the opinion of the governors’ board the in Cleveland was intrin- sically sound, they felt that with other Stock Exchanges | States closed there was danger of Cleveland being made a dumping ground for securities. —— $15,000,000 TO HELP SAVE STATE BANKS IN CASE OF CRISIS. ALBANY, Aug. 1.—State Comptrol- ler Sohmer, it is said here to-day, has on hand about $16,000,000. This, ac- Peg) to report, will be employed to State bank. and trust companies fn any finencial criels arieing rintendent ef Banks 0 conferred here yester- day with the. State Comptroller, re- ported the State’s banking institutions in splendid financial condition. CLEVELAND, 0. Aug. E. M. pean war. State Su _—— SWISS PARLIAMENT CALLED TO MEET AND TAKE WAR MEASURES BERNE, Switzerland, Aus. Assures France of Neutrality. Duchess Back In Newport. (Special to The Evening World.) R OL, Aug. her mothe wer the United from & 1—The Swiss Federal Parliament has been summoned to meet on Monday to consider measures to safeguard the independence of Switzerland and to appoint a [peared chief of the army of 176,000 colors by @ mobillzation ol ‘The House will also deal with a measure for the issue of notes. BRUSSELS, Belgium, Aug. 1—Antony Klobukoski, French Minister to Bel- gium, to-day called Beigian Minister for and informed him that the French Gov- t the neutrality of of war in oe five franc 1.—~The Duchess ef Marlborough who left for ‘The Bank of England to-day ratsed | rurope torday,, haa returned its discount rate to 10 per cent.,| the of ™ t to * which is higher than it had bee: | Oliver, fsinont, not, toa yer oleae, Put in Your Orders Now cars, under a heavily armed guard of twenty postal inspectors and other Government officers, All the guards accompanied the gold to its destina- U. S. SHIP REGISTRY UNDER PANAMA ACT That Will Bring Foreign Ves- sels Under American Flag. WASHINGTON, Aug. 1—To meet the emergency caused by the scarcity of American ships in which to ship American goods to the European war Zone, it was agreed in the conference between President Wilson and House Leader Underwood this afternoon tc make the following changes in tb Panama Canal Act: “To repeal the clause which pr vides that foreign bullt vessels mi be entered in the American mart within five years of their building.’ This amendment would permit regis of either old or new ve: wocation of the provistc the ver ficered. Modification of the present abt, measurement regulation. WILSON TRIES TO HALT BIG RAILROAD STRIK At Conference With Representative. of 98 Roads He Advises Against Tie-up. WASHINGTON, Aug. 1.—President ‘Wilson this afternoon held a confer- ence with representatives of the managers of ninety-eight western railroads and their workmen in a termined effort to prevent, if pos- sible, a strike of 55,000 engineers anc firemen on those roads. The Prest- dent had arranged for the conf ence following futile efforts of the federal board of mediation and con- cllation to bring the two sides to- gether. The President told the railroad managers thet he did not believe either the employers or the employees should be willing to take the re- @ponsibility for a strike at the pres- ent time. He declared the country was in the midst of abnorma] con- ditions because of threatened war in Europe. Efforts of the Adminis! tion to build the American mi chant marine In order to ship the crops were mentioned by Mr. Wilson. He said that they would be defeated {¢ a atrike on the Western was declared. At the adjournment of the inan- agera’ conference Chairman Trenhoir said only “that the committee woulr remain here until Monday.” He anc bis arsociates refused to make an} comment on the seasions, but his an- nouncement that he would stay was interpreted as a sign that there was prospect for further ad gatis- factory negotiations. Later in the day President Wilsor conferred with representatives of th enginem: tha is must be American of- BANFF, Alberta, Aug. and Duchess of Connaught and thelr daughter, the Princess Patricia, left here pursiedly on, on cele special train tte hey were acco! aulte, It ts Pots as that For the person in a position to purchase securities outright, or on the Partial Payment rare investment unity. the reopening of t price levels ine investor. the normal New oat Stock Exchange. Plan, ete kee ce ect the war in Europe has given a Whether standard ee upon New York Stock Exchange, will go to lower ould not be the principal consideration for the genus The important fact ts ties, rma foreign liquidation this week, are at levels far below that many American securi- Present suspension gives: The opportunity to think ‘and bi plan. Meanwhile, our Investment ment is at your service if you desire advice or information on Send fer List List 338. combined by our Investment prises 10 shares investment yield of of more than ‘of stock Pi aged which wil give you JohnMuir&Q Odd Lots of Stock Membre New York Stock Exchange MAIN OFFICE—14 BROADWAY, N. Y. iy “FAS eet EDWARD Building, N.