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About Morning Oregonian. (Portland, Or.) 1861-1937 | View This Issue
VOL. LXI XO. 19,309
Entered at Portland (Ooejron t
Potofflce as Second -clagg Matter.
PORTLAND, OREGON, MONDAY, OCTOBER 9, 1922
TRICE FIVE CENTS
17 HURLED TO DEATH
PESTER ANDY GUMP
TWO DEER HUNTERS
MAN, 68, JUMPS OFF
BODY IS RECOVERED AFTER
AS TRAIN HITS AUTO
MOTHER AXD SIX CHILDREN"
DIE WHEN CAR STAIXS.
OXE KILLED BY COMPANION;
OTHER SLAYS SELF.
THAT HE WILL-;
AND GET PENNJUI
Ismet Is Expected to Be
Forced to Yield.
OPTIMISM IS EXPRESSED
Greece, Informs Its Envoys
i. to Accept Decision.
VENIZELOS' ADVICE TAKEN
Eastern Thrace Is Considered
Lost to Nation; Store Time
i to Evacuate Is Wanted.
- MUDANIA, Oct. S. (By the As
sociated Press.) The allies pre
sented a united front on their re
. turn to Mudania at 10 o'clock to
night and the feeling of all three
delegations was that Ismet Pasha
would be forced to yield. The dele
gations expressed optimism regard
ins the outcome, contending there
was little doubt that the Turks
would accept the allied demands,
leaving the question of the limita
tion of the Turkish gendarmeries as
a possibility of friction.
ATHENS, Oct. 8. (By the Associ
ated Press.) The Greek i;overn
ment has instructed its delegates at
the Mudania conference to accept
decisions which may be unanimously
agreed upon by the allied repre
This action was taken following
the receipt of advices from ex-
Premier Venizelos that eastern
Thrace must be considered as lost
Greece will endeavor to obtain
two months' time to permit of the
evacuation of her army, and the
Greek civilian population, which is
estimated to aggregate 250,000. It
is probable that another 300,000
Greeks and Armenians will leave
Constantinople for Greece, which
will make more crushing the prob
lem of the country, which is al
ready burdened with refugees.
CONSTANTINOPLE, Oct. 8. (By
the Associated Press.) A dispatch
from Athens to the local newspaper
Kirix today said'the Greek govern
ment had instructed General Maza
rakis to sign the Mudania armistice
convention, thereby agreeing to the
evacuation of eastern Thrace.
THRACE ENTRY PREPARED
Turk Concentration of Troops in
Ism Id Area Explained.
BV HENRY WALKS.
(Chitfujfo Tribune Foreijrn News Service.
Copvrlnht. 19:;-, by the Chicaco Tribune.)
CONSTANTINOPLE, Oct. 8. The
Turkish concentration of troops in
the Ismid region, which is disquiet
ing to the British because several
detachments have crossed the neu
tral zone toward Constantinople, is
merely in preparation to send an
army into Thrace and drive out the
Greeks if Athens refuses to evacu
ate. "Some elements crossed the de
marcation line, it is true, but they
are only seeking barracks. We are
massing men, ready to pass into
Thrace and execute the Paris agree
ment, which grants us the Marlt.a
(rontier," said a nationalist staff of
The Turks were more than fifty
miles 'from the Bosphorus, British
airplanes reported. An inspection of
the main British line beyond Haidar
Pasha on the' Asiatic side revealed
powerful entrenchments, a maze of
barbed wire, machine gun nests and
battery positions, impregnable to
any enemy, unless they concentrated
artillery fire on the battery, with a
long preliminary bombardment.
Mudania has received favorably
the Paris decisions regarding the
nationalists' occupation of Thrace
militarily. General Harington and
Ismet Pasha today decided to refer
the dates for the evacuation of
Chanak and Constantinople to the
peace conference. It is believed that
Genera! Harington will confer with
Mustapha Kemal Pasha today, Ke
ma! being at Brusa, which is a
couple of hours from Mudania.
Constantinople continues to seeth
with rumors as the conference delay
It was reported tonight that
Turkish cavalry had crossed the
neutral xone at Ismid and raided
the British. Investigation revealed
that mounted Turkish custom offi
cials were pursuing tobacco smug
glers. The British have stopped the daily
passenger trains at the neutral line
instead of allowing it to proceed to
Ismid.. There are wild rumors over
cutting communications, but it has
been explained that the nationalists
retain the rolling stock passing
their side for operation to the Ana
tolian railways, so the allies are
keeping a few cars and locomotives
in their sector.
Tonight the British seized all
arms in Constantinople, the evacua
tion of women and children aboard
-transports continues. TJte Greek
concentration in Thrace continues
and men up to 40 years of age have
been called up for mobilization.
AGREEMENT CHANGED SOME
Slight Amendments Are Reported
Made to Paris Arrangement.
LONDON, Oct. 8. (By the Asso
ciated Press.) Lord Curzon, secre-
(Concluded on Face S, Column 4.)
Father and Son .Try Vainly to
Push Machine From Rails '
Before Crash Comes.
(By Chicago Tribune Leased Wire.)
VALPARAISO, Ind., Oct. S. Mrs.
Harriet Hargot of Chicago and six
of her seven children were killed
instantly today on a railroad cross
ing near here, when a Pennsylvania
train crashed into their stalled auto
mobile In which they were sitting.
The husband, Rene Hargot, his son
Rene Jr., and a friend named Mis
houlam were trying frantically to
push the stalled car from the tracks.
The children killed. Irene, Suzanne
Marguerite. Raymond, Richard, and
Edmund, ranged in years from 2 to
16. Rene Jr. narrowly escaped death
in his efforts to save his mother,
brothers and sisters.
Hargot has been employed in Chi
cago as an automobile mechanic. De
siring to get his family out of the
congested district of Chicago, he re
cently rented a small farm near
Plymouth, Indiana. Early Sunday
morning Hargot and his friend Mis-
houlam loaded Hargot's household
goods on a truck and started for
Plymouth. With the truck leading
the way, the Hargots and Mishou-
lam crowded into an old automobile
that Hargot had "tuned up" for the
trip to the new home.
No trouble was experienced until
the car started across the railroad
tracks just outside of Wheeler.
Then the engine died with the auto
mobile squarely in the track. It
was then, according to the story of
Rene Jr. that the approaching flyer
was discovered. There was Just
time to permit the occupants of the
front seat to leap out and make an
effort to push the car from the
When they had pushed it until
the rear wheels were between the
rails they were forced to abandon
their task and leap to safety. The
car and Its seven remaining passen
gers were picked up by the pilot of
the engine and carried for more
than a quarter of a mile. Hargot
Sr., was taken by the coroner to
Valparaiso, but was hysterical and
unable to make a statement.
PEKIN RULERS WORRIED
New Revolts Feared on Part of
PEKIN, Oct. -8. (By the Associ
ated Press.) General Hsu Shu-Chen,
known as "Little Hsu," avowed mili
tarist and one of the leaders of the
Anfu club, which was broken up
some time ago by Wu Peie-Fu and
other popular leaders has estab
lished an independent military gov
ernment at Yenping, province of
Fukien, and is causing the Pekin
administration no little uneasiness.
There is a distinct impression in
official circles here that the devel
opments in Fukien mark the begin
ning of new disturbances to be con
ducted jointly by the Anfuites, or
so-called pro-Japanese party headed
by ex-Premier General Tuan Chi-
Jui, the adherents of Sun Yat-Sen,
deposed president of South China,
and Chang Tso-Lin, ruler of Man
churia. LIMESTONE BOOM ON
Gold Hill to Ship 1000 Tons of
Product to Salem.
GOLD HILL, Or., Oct. 8. (Spe
cial.) The re-opening of the Kanes
Creek limestone quarry, which has
been closed since the early days of
the war, is of considerable, impor
tance to Gold Hill as a limestone
C. W. Courtney formerly superin
tendent of the state plant here at
Gold Hill, has begun the shipment of
1000 tons of limestone from the
Kanes Creek quarry to the Oregon
Pulp & Paper company at Salem.
Kxtensive inclines and tramways for
loading the limestone at Gold Hill
have been erected. Other large
shipments will follow. The quarry
is three miles from Gold Hill and
auto trucks will be used for trans
HOPS NEARLY ALL SOLD
Most of Lane County Crop of
6000 Bales in Warehouse.
KUGENE, Or., Oct. 8. (Special.)
All but about 200 bales of this year's
hops in Lane county have been sold,
according to Frauk Heyer, local
buyer for T. A. Livesley & Co. of
Salem. The Lane county yielded
about 6000 bales this year, which is
short of the average crop here, said
The sales were nearly all made at
9 and 10 cents a pound. Very little,
if any, profit is made by growers at
these prices they declare. Several
shipments have been made from
Eugene but most of the crop is still
in the warehouses.
MOTHER SAVES 6 BABIES
Woman burned Badly in Rescu
ing 'Children From Fire.
BEND, Or., Oct. 8. (Special.)
Mrs. James Breedlove, rancher's wife
in the Powell Butte section, was
badly burned about the face,- and
much of her hair was singed while
she rescued her six smalt children
from their burning home Saturday
An overheated stove caused the
blaze. Mrs. Breedlove also saved a
quantity of household effects. Her
husband was in Prineville attend
ing the county fair when the fir
broke out. . .
Republicans Not Likely
to Lose Control.
LARGE REDUCTION FORECAST
Democrats' Main Hope Is to
HOUSE RULE NOT WANTED
No Share in Blame for Expected
Chaotic Two Years Is De
sired, Says Sullivan.
BY MAyftK SULLIVAN.
(Copyright. 1922, by New York Evening
Post. Inc. Published by Arrangement.)
WASHINGTON, 1). C, Oct. 8.
Your correspondent starts tomorrow
to survey the state of feelings in
the various parts of the country as
it affects the outcome of the elec
tion ahead of us.
It would be idle to pretend 'that
the interest of this survey is iden
tical with that of tae close and
doubtful campaigns of some past
years. It is only as to some indi
vidual states and districts that the
coming election will be close, tak
ing the country as a whole. There
is no conceivable possibility of the
republicans losing control of the
senate. It is conceivable, but very
improbable, that the republicans
should completely lose control of
the lower house. Serious losses they
will undoubtedly suffer, but not
enough to deprive them of a major
ity. Their present majority is 165.
That will be reduced very greatly.
It may be cut in half. It may be
more than cut in half.
Majority of 40 to SO Forecast.
As things look from Washington
today, subject to later information
from the ground in various parts of
the country, the probability is that
the republican majority in the next
house will be reduced to somewhere
between 40 and 80. This is as much
as the democrats really expect, al
though, from considerations of party
morals, they may refrain, from say
ing so publicly.
In fact the democrats don't want
to win a majority of the lower
house. From the standpoint of
party strategy, looking to 1924, the
judgment of their leaders is that it
would be an embarrassment for
them to have a majority in the
house during the coming two years,
and by reason of such a majority be
held reEponsilbe, wholly or partially.
for legislation and for conditions
generally during the coming prob
ably chaotic two -years.
Strong; Leaders Wanted.
What the democrats want to
achieve, in this election is to put
certain strong leaders in the house
(Concluded on Page 3. Column j.)
a n w
j 7 nh,
o r 1 ! 1J
it n n 1
Joe Singer Practice a concedes
Election or Tjf J? i Man
as Ecpre v .ire. '
. History repe . jteelf yesterday
when it was a, em on at rated that
a citizen who isliiO per cent for the
people and wears no man's collar is
ever up against the slanderous and
malicious efforts of stealthy enemies
to work him mischief. Just that hap
pened to Andrew (Andy) Gump, can
didate for congress, when it became
known that some person, a-s yet un
identified, started a rumor to the
effect that this man of and for the
plain folks had decided to withdraw
from the race.
"Not one single word of truth In
it," was the prompt and unequivocal
declaration of Colonel Bush, promi
nent citizen and taxpayer of Bull
Run,x who is managing the Gump
"Mr. Gump is not even considering
withdrawing, then?" was asked.
"Not even that' replied the colo
nel, warming up. "Do you not sense
in that rumor a diabolical, deliberate
attempt upon the part of the ene
mies of the common people to con
fuse the venters and cause them to
cast their ballots for some one else
November 7? Of course, It is Just
that they seek. It is but one more
of the dirty political tricks of con
temptible; petty politicians to injure
a 100 per cent candidate who wears
no man's collar."
"Are you willing to be quoted to
that effect?" Colonel Bush was
"In the interests of Mr. Gump, I
am, yes," he replied. "While neither
he nor I crave publicity, neverthe
less being in this fight, I shall have
to put up with a great deal that
neither of us likes; but we are in
this thing to the finish. You can
quote me unqualifiedly,- without
equivocation or quibble, that An
drew Gump, people's man as he is,
will be true to the confidence placed'
in him by his friends and will stick
to the bitter end."
So that's that.
But now comes another political
phase having to do with the lot of a
candidate such as Mr. Gump. As
usual, divers and sundry gents are
sufficiently unpatriotic, materialistic
and selfish to demand soft jobs in
exchange for their support. Tha
cropped out yesterday morning at
an early hour when Joe Singer, ser
geant -at-arms of the lower house of J
the Oregon legislature, let the cat
out by asking Colonel Bush a ques
tion: "What does Mr. Gump propose to
do for the boys who, being in a po
sition to throw him a bunch of votes,
"My boy, you are drawing peril
ously near the corrupt practices line
in asking , that question, " parried
Colonel Bus-h, assuming an inde
-"Yes; but we would like to know,"
"Have you no confidence or faith
in Mr. Gump that he will do the
right thing?" asked the colonel, reg
istering a combination of cut-to-the-heart
"Well, we want something defi
nite," replied Joe. "There are plenty
of candidates who are making all
(Conclmifd on Pge 7. Column 3.)
ONE OF THE SIGNS.
1 t, W ' " ' '
WtEXV.J V4E.LL. HOW AE. yf
VIA VY r S SOOD !
vV HAT OFFICE
IS HE RUNNING
L. C. Martin, Glendale, and W 111
iam Kainber, Aberdeen, Are
Victims of Sport.
ROSEBURG, Or., Oct. 8. (Special.)
1. C. Martin, a resident of Glen
dale, was killed instantly this
morning when he was mistaken for
a deer while out hunting, accord
ing to a report received by Coroner
Full details were not obtainable
and it was learned only that Mar
tin's companion mistook him for a
deer and fired "into his back at a
short distance, Martin leaves a
widow and two children.
' The body is being brought into
Glendale and an inquest will be
HOQUIAM, Wash., Oct.' 8. (Spe
cial.) William Kainber, 24, of
Aberdeen, was fatally shot this
morning at South Bay, 14 miles
south of here, while duck hunting
w'th six companions, none of whom
saw the accident. The party had
stopped shooting and wer gather
ing about their launch preparatory
to, having breakfast when they
heard a shot and saw Kainber fall,
according to Walter Huotari, one
of his companions.
A gaping wound in his right aide
had been torn by the charge from
a pumpgun he had been using.
He was taken to Westport life
saving station, the crew of which
brought him to a waiting ambulance
here in their fast power boat, but
he died on the way. It is the first
hunting fatality of the season in
Coroner Austin said the first ex
amination appeared to indicate that
two charges had entered the body,
but that he later decided that the
one charge had been split by hitting
a jacket containing a row of shells,
which accounted for the two holes
In the shirt underneath. No in
quest vill be held if the stories of
the six men appear to tally, he said.
ARID LAND BILLS AIDED
Representative Summers Sends
Out Letters to Merchants.
WALLA WALLA, Wash.. Oct. 8.
(Special.) Letters were mailed Sat
urday to 175 chambers of commerce
and commercial clubs in the state
affcing theis co-operation in obtain
ing favorable action by congres
upon the Smith-McNary and Colum
bia river basin investigation bills.
Each commercial club receiving .1
letter is asked to write to ail mer
chants in their communities, each
merchant in turn to write and senj
letters to five or more eastern con
cerns from whom they buy goods
or whose merchandise they handl3.
These letters are to explain the
benefits to be gained by all con
cerned if the irrigation bills are
put through and the eastern mer
chants will be asked to write to
their representatives and senators
explaining their interest and the In
terest of their state in this legisla
tion. John S. Summers, representa
tive, who is sending out the letters,
said he expects to have this cam
paign completed by October.
rWE.H A MAN
passes yoo qn
you UKE A
Yanks Beaten in Furious
NOT EVEN ONE GAME TAKEN
Downfall Is That of House
Momentarily Divided. .
BUSH BECOMES ANGRY
Two Rons Let in 'When Husglns
Differs Wltli Pitcher In
DATA OX FIXAI. 4JAME OK
FOLO GROUNDS, Oct. 8. J
Attendance and receipts for
fifth game follow:
Paid attendance. 38.551.
Gate receipts. 8125.147. Play
ers' share, $63,824.97. Each
club's share, $21,274.89. Com
missioners' share, $18,772.05.
NEW YORK, Oct. 8. (By the As
sociated Press.) The New York
Giants once more are the champions
of the worlo. They reached that
pinnacle of success for the second
consecutive year in a furious uphill
fight this afternoon that flung the
Yankees to defeat, S to 3. and
crushed a disgusted pitcher. 'Bullet
It was tbt second successive time
that the Yankees have bucked the
Giants in a world's series and failed.
This year they weflt down inglor
lously without the solace of having
captured even one of the five games
that comprised the battle for the
title. The best they could do was
to tie the second game of the series.
The Giants won the other four.
Hoik Divided AKalnat Self.
In all the annals of the game only
two clubs ever triumphed in
world's series In such a decisive
fashion. In 1907 the Chicago Na
tionals won four straight victories
over the Detroit Americans after
fighting a 12-inning first game tie
Seven years later the Boston Brave?
surprised the fans of the entire na
tion by wrecking Connie Mack's su
perb Athletics four games in a' row.
The final downfall of the Yan
kees was that of a house momen
tarily divided; Miller Huggins the
head of the household, which was
then enjoying a 3-to-2 lead over
the Giants, differing with his pitch
er, Joe Bush, in his strategic pro
gram for blocking the onslaught of
the champions in the eighth inning.
Bank Dfesmei Anary.
Bush became angry, and before he
could calm himself Long George
Kelly had smacked one of his curves
so hard and so far that one Giant
raced across the plate with the run
that tied the score and another
Giant trotted in with the tally that
The Yankees enjoyed the prospect
of a victory for only 15 minutes.
When they came to bat In the sev
enth the score was deadlocked at
2 all. They made a run on Meu
eel's scratch hit, Schang's sacrifice
bunt, a wild pitch by Art Nehf, the
Giants' southpaw, and a short sac
rifice fly to center field from the
bat of Everett Scott. The throw
home of his fly almost caught Meu
sel as he slid for the plate. It
seemed the Yankees, barely had
fqueezed out a victory.
Claala KIIbk Out C'kalleaar.
And then In the eighth, the cou
rageous Giants flung out their chal
lenge. Pipp, the Yanks first base
man, halted them for a moment by
stopping Bancroft's hard blow back
of first base and leaping to the bag
just in time to beat the runner.
But the fighting Giants would
not be denied a victory. Groh cut
the diamond squarely in half with a
single that ripped along the turf
into centerfield. Friseh hit a liner
that bounded to McMillan In center
field, who juggled it, and the batter
was credited with a two-bagger,
while Groh went to third. Irish
Meusel shot a roller to short, Scott
hurling the ball home so swiftly
that. Groh could not Safely reach
the plate. He started to return to
third but was run down by Schang.
When the ball was thrown back
to the box. Bush found himself in
trouble. Frisch, the fastest runner
on either team, stood perched on
third base and Irish Meusel on sec
ond. At the plate swinging his bat.
lefthanded, stood Pep Young, who
usually drops bis hits infield,
loans; Permitted t Walk.
At this moment, there popped
into the mind of Miller Huggins the
thought that the best way out of
the difficulty would be to let Young
walk to first, filling the bases, so
that a force out would be facili
tated. He was willing to take a
chance that Kelly, who has been
weak' in his recent batting, would
continue to be weak. So he ordered
Bush to walk Young. Later both
Giants and Tfankee players said it
was a splendid example of real in
side basehsll strategy. The break
iCoaciuded oa i'aae 2, Celuain 2.)
Anlone Anderson, IIS William.
Avenue, Commits Suicide on
Account or 111 Health. -
Despondent over continued Ill
health. Antone Anderson. 8, 14$
Williams avenue, leaped to his 1
death from the Broadway bridge at I
about 4 o'clock yesterday. His body
via recovered an hour later.
Large numbers of pedestrians and
motorists were passing over the
bridge at the time of the mans
spectacular leap to death. Appar
ently unmindful of the crowds. An
derson walked to the center of the
bridge, stood for a few minutes
near the railing on the north side,
then calmly removed his hat and
Before witnesses could Interfere
the elderly man vaulted the railing
and pitched Into spaev. His b.wly
turned three somersaults In Its de
scent, striking the water head flrt.
As the man fell a total distance of
91 feet. It was thought the Impact of
the body with the water caused In
E. H. Craig, resident of a boat
house near the east end of the
bridge, was one of the wltncea of
the act. With Edward B. Guuahner.
27 Morris street. Craig put off In a
row boat, but by the time the two
reached the sppt where Anderson
Mrurk the water the body had dis
appeared. The harbor police were called and.
assisted by Craig and Uoughner.
they recovered the body about $
For some little time fter the
suicide traffic on the bridge was
blocked by curious persona ho
deserted thel" automobiles and
swarmed to the railings, hoping to
otch a glimpse of the unfortunate
Anderson is survived by a widow
and a daughter, Mrs. Frank A. i'of.
fin. 48 Maaon street. He hsd been
in poor health for two years, the
relatives told the police. The body
is at the morgue. It Is not probable
that an Inquest will be held.
AUT0IST DIES IN WRECK
(corjre W. Johnoii Pinned I'nder
.Machine Near Skamokaw a.
SKAMOKAWA, Wah.. Oct. I.
(Special.) George W. Johnson, an
old resident of Skamokawa. wa
killed Friday between 6 and V. M.
when his auto left the Ocean B. a. h
h!;hwy about three miles eal of
town and went down a 10-foot em
bankment pinning Johnson under
his car In the mud, "here he prob
able smothered. He was found this
morning about 7 o'clock, and the
body was brought to Kkamokawa.
Mr. Johnson was a single man about
aS years o( BRe. He was born in
Caiifornia. Ho has a brother and
three sisters residing at Coqullle.
Or., and one sitter resldinn 'n Cali
fornia. He had resided In Hkamok
awa some 35 years, and was well
known about the lower rlvi r.
BILL HART IS BETTER
Physician Klecls Actor to Re
LOS AGELES. Cal., Oct. 8 Im
provement was announced today In
.liy condition of William S. (Bill)
Hart, motion picture actor, who was
reported seriously 111 last night with
typhoid fever and complications.
His physician said today he hopd
for the actor's complete snd speedy
INDEX OF TODAY'S NEWS
TtPTERPAT'i Maximum lmpntirt,
7 degree.; nilnunum. AS dfiri.
TOUAlt Jl Fair; northea.terly wind.
Allies reunited to handle Turk. Vmgm 1.
Glrln fichl to see rejuvenated men.
Near-eaat relief drive la authorised.
Party majority la enn.ldered aafe. Pas 1.
Trea.ury luuri t"MH.UOn.OK refunding
bonda. rare 1.
Seven killed when train hits auto, pace f.
Two deer hunters allot accidentally.
Waithincton opeaa campaign to cut taicua
Paclf'o rnit lasue raulta: At Portland
1-4. Halt 1.ak S-A; at l.o Angla
0-2. Han Kranrt.ro 1-1; at Oakland
ft-4 Vernon S-0: at Svattie Sac
ramento 2-4. I'a 11-
Alt dope wrecked toy Utanta' craahtnt
defeat. Page 10.
Craah of Yankees moat aalonlahLns In
hiatory. Fata 10.
Giant attain t.t Tank and capture
pennant. Page 1.
Rudolph Wtlhelm wins gotf title Pa. II.
( .mmerrial and Marine.
Lyman Stewart on rorka aft-r rolll.ion
with Walter A. I.uik.nbach. Fata a.
Lumber tklltltl ahowins sotlvltjr.
October alatd to ba proaperoua month.
Decline In bonds only temporary. Pas It.
Northwewt grain trafflo I. heavier.
Portland and Vicinity.
Stealthy enemies pe.ter Andy Gump
Damage $-1.fto0 In Grande.ta apartments
Pierre's promise, indicate new tack.
Pajor eeea malice In claab of political
partlea. Pas Z.
Publicity for fair to b continued.
Worker to atudr for Sunday achool.
.tan. 6.V jumps off Broadway brllgv.
Salvation Armv'a citadel dedicated.
Lumber output above normal Page 12
Metnoo'iai vrg'd to back mlfwlonr.
Fire prevention campaign pas. Pag .
to Meet Obligations.
APPEAL SENT TO BANKERS
Four Billions in Debts Due
in Next Nine Months.
MELLON ASKS SUPPORT
Victory Notes May Fie Applied
In Payment for I 'i Per t rn
Paper, Sa Secretary.
P.T A. tsnAKTOX WIU'OX
I Chicago Tribune t.aara tn ire
WASHINGTON. I. I Hit.
Secretary of the Treaaiiry Mellon Is
;ay announced th l.auanro of a
I.IOO.non.ftftO long-term bond lwe.
the first sines the war. It being a
part of the government's plan fsr
refunding approximately II. too 0n .
ono of the treasury obligation, ma
turing In ths next nin. month.
Th offering is of 4 per cent
treasury bonda of t.lT-S:, flxsd St
spproxtmately lioo.nns.nno, but t'
secretary of th treaaury reaervn
th right 10 allot ad' Hional bond.,
to thi extent that 4. per cent vic
tory notes rr treaat ry certificate
maturing December ii are tendered
Hands Malar la IMS.
The bond will b dated October
IS. lII. with Inter. I from that
date at th rat of per cent par
able April 15 and itctol.er IS In each
year. Th b..nd III mature w--lober
IS, 1SS. but may ha redeemed
at the option of h lolled Mates
on and s'ler ttctober II, 147. in
whole or In part, at par snd acrrusd
Intercut, on any lntret day or
daya. on four months' nolle of re
demption. Hearer bonds with lntert cou
pons attached will be l.aued la de
nomination of I ISO, lns. o.
jnn and IIS. ins. Honda regie tared
at lo principal and Inter. t will b
Issued In dennmlnailons of I!"",
linn. Iinnn, n, 10.tn, i.nn
Within lb limitation on trie
amount of th offering, applkatirn
fiom any on subscriber for an
amount of bonds not exceeding lit.
not) will t allotted In foil. Applica
tions for amounts In exreag of I0.
00 will be received subject la allot,
ment. The right Is rrd to re
ject sny subacrlptlon for an amount
In rural of 1 10.""". and lo allot lea
than the amount of bond applied
for and to rlo.a th uhcrlpt Ions at
4ny tlm. without notice
! In fnr ttefnndlna.
"This Is a refunding laaue." .aid
Hm-isisry Mellon In his letter lo
American bankers appealing for
.upport of th Isaiin. "and It affords
a particularly favnrahl opportunity
to holders of per rent victory
nr tea lo sccpilrs a lnna-tim gor.
ert ment bond on attractive term
In place of victory note, which will
mature or b redeemed within th
rrexf few months
"I am therefor sddre.aing ihi
letter to th bead of all banking
Institution In th country tnd ask
ing you lo provld avery pe.alble
facility for Inve.tlng In th new
bonds. I hop that ynti will a'o
mak a pecla effort lo brtng the
i'f'erlng to th attention of your
rurtomer. Isrg and amall, for it
Is the treasury's dewlr la secur ihe
widest poa.ibl distribution of the
bonds among Investors.
Pwblle- flwfcl NeSwe-ed.
"t think you wl 1 b irtereid In
this connection lo know what hat
already been accompli. bed In lb
refunding of th short-dated debt,
and what ttlll rem. ma to b done.
On April 14, ):i. when IN treasury
first announced its refunding pro
gramme, th groat public Oeft. sn
rhe basis of dally Irea.ury state
ments, amounted lo about 124. on..
000.000. of which 17. t io one.ei.o ,
maturing within about two y.r
On Hrptember I. IIJ2. the lotal
groat debt on th earn ba.lt inot
at about I32.00.oo.oo. and of th
early maturing debt about oe..
(I 00 bad already been retired or
refunded, chiefly Info .hortterm
treasury notes 'with malum r.
tpretd over th next 'ur I it l
HI OMItatl..! t waalntT .
"Ther will fail du thl fi. a:
year about 11.100 ooo. ooo uf Iraa.urr
certificate! of Indebted., about
l2i.0O0.(Ko maturity valu of war
tavlngt certificate, ef th arrle u'.
111. and about lt.oo oeeo of en -lory
notea. Of tb tr.ury ceriifl
cttet about 4!.0u0.vu repr.ri
Tinman act certificate which wi
b retired' thl year through tb.
recoinag of stiver bu!ln whi.e
about 1 100.000 oi)0 of loan M in.
maturing on rctobr H. 12:, will I.
paid out of tuns, ahead? In land
Th retirement of the. certificate
will leave only tea cert.flcat.t an',
ttandlng. and it will in aor event
continue to b de.itl.: w It A lnc
and profit tax pamm !'
they are. tor the tr.ur tfi h
out. landing at lat II """ """
of tax certificate in niouni. a W
with maturities conforming to I'1'
quarterly tax payment 'l hi. ,. r
rpondingly reduce th amount
nece.-ary refunding Into oihr -