The Federal Farm Loan Aet
Synopsis of Its Salient Features Prepared
by H. M. Hanson, Secretary-Treasurer Farm
Mortgage Bankers’ Association of America
FEDERAL FARM LOAN ACT
Passed by the House of Representa
tives and the United States Sen
ate June 27 and 26, 1916,
Respectively.
Signed by the President July 17, 1916.
3.—Provides for a federal laud bank
system In the continental United States
(exclusive of Alaska), dividing the
country Into twelve land bank districts
composed of whole states.
3.—The system Is operated as a bu
reau of the United states treasury de
partment aud supervised by the fed
eral farm loan board. The secretary
of the treasury is ex-officio chairman
of the board with four other members
appointed by the president for eight
years at an annual salary of $10,000.
One member is designated farm loan
commissioner and is the active execu
tive officer.
3—Appointees of Board: (a) Farm
loan registrar for each land bank dis
trict and
(b) One or more land appraisers for
each land bank district. Salaries paid
by federal land bank or Joint stock
land bank for which they act.
(e) Land bank examiners; salaries
paid by the United States.
(d) Attorneys, experts, assistants
and other employees to be paid by the
United States.
17.—Powers of the Board: (a) To
organise and charter federal land
banks, joint stock land banks and na
tional farm loan associations.
(b) To review and alter the rate of
Interest to be charged by federal land
banks fob loans.
(c) To approve or reject any or all
loans for bond issue and to grant or
refuse any specific Issue of farm loan
bonds of federal land banks and joiut
stock land banks.
(d) To regulate charges for np
praisal, examining titles and record
ing.
(e) To appraise land securing mort
gages for bond issue.
(f) To exercise general supervisory
authority over the federal land banks,
farm loan associations and joint stock
land banks.
30.—The farm loan commissioner
shall examine the laws of every state
and if on examination the laws of any
state are shown to afford insufficient
protection to holders, its mortgages
shall be declared ineligible under this
act during the continuance of the laws
In question.
32.—The secretary of the treasury is
authorized to deposit United States
funds iu federal laud hanks at current
government rates of interest, the ag
gregate of such funds not to exceed
$6,000,000 at any one time.
FEDERAL FARM LOAN BANKS
ORGANIZATION.
Section 4.—One in each land hank
district. Branches permitted within
its district., Officers: President, vice
president, secretary and treasurer; di
rectors; six representatives of farm
loan associations and three represent
ing the public interest. Attorneys, as
sistants, experts and other employees.
All salaries fixed by farm loan board
*nd paid by bank. Subject to semian
nual examinations by land br.uk exam
iner.
CAPITAL STOCK.
Sec. 5.—$750,000. May be owned by
individuals, firms, corporations and the
United States and state governments.
Sec. f>.—Shares, $5 each.
Sec. 5.—All stock remaining unsub
scribed 30 days after subscription
books are opened shall be subscribed
hy the United States and thereafter
only tlie United States government and
borrowers may acquire shares of stock.
Sec. 5.—United States government
not to participate In dividends. All
other stockholders share dividends
equally.
Sec. 5.—The original capital stock
shall be gradually retired after the
stock held by farm loan associations
shall amount to $750,000.
Sec. 5.—Not less than 5 per cent
of capital shall be Invested In United
States government bonds.
r V uno.
See. 13.—To buy first farm mort
gage* within Its district and to issue
and sell farm loan bonds.
8ec. 13.—To receive from farm loan
associations interest and amortization
payments on mortgages and farm loan
bonds.
Sec. 13.—To acquire and dispose of
real and personal property necessary
for the <•< nvenient transaction of busi
ness; and land taken in satisfaction of
debts or purchased under judgments,
decrees or mortgages held by it. Shall
not hold title exceeding five years.
Sec. 13.—To accept deposits of se
curities or current funds from member
associations but pay no interest there
on.
Sec. 13.—To borrow money on se
curity and pay interest thereon.
Sec. 13.—To buy and sell Cnited
States bonds.
Sec. 13.—To appraise lands for bond
Issue and to charge applicants and bor
rowers the cost of land appraisal, ex
amining titles, recording and other le
gal fees, said fees to he paid in cash
or be made part of loan and paid in
amortization payments.
Sec. 14.—To accept mortgages only
from farm loan associations and ap
proved agents.
Sec. 14.—To accept deposits of cur
rent funds only from Its stockholders.
Sec. 6.—To become financial agents
of United States government and de
pository of public money. Public de
posits cannot be invested in mort
gages or farm loan bonds.
Sec. 13.—To deposit its securities
and current fends subject to check
reserve system and to receive Interest
thereon.
BONDS.
Sec. 20.—Issued In series of 550,000
or more, in denominations of $25, $50.
$100, $500 and $1,000.
Sec. 20.—May bear a maximum rate
of 5 per cent interest per annum.
Sec. 19.—Mortgages and United
States government bonds equal in
amount to the farm loan bonds issued
are retained as collateral security by
the land bank registrar.
Sec. 14.—The outstanding farm loan
bonds shall not exceed 20 times the
capital and surplus.
Sec. 21.—Shall be guaranteed by
bank of issue and all other federal land
banks.
Sec. 17.—No issue is authorized
without the approval of the farm loan
board.
Sec. 22.—Substitution of mortgages
and United States government bonds
held as collateral to farm loan bonds is
permitted.
TAXATION.
Sec. 26.—The capital stock, sur
plus, mortgages and farm loan bonds
and all income derived therefrom are
exempt from federal, state, municipal
and local taxation.
Sec. 26.—Real property taken and
held under the provisions of sections
11 and 13 is not tax exempt.
AGENTS.
Sec. 15.—Incorporated hanks, trust
companies, mortgage companies or
chartered savings institutions may act
as agents for federal land banks if no
farm loan association has been formed
in a given locality after one year.
Sec. 15.—Borrowers securing loans
through agents are required to sub
si-nut- ;> per cent or me loan to the
capital of the federal land hank.
Sec. 15.—Agents are entitled to a
commission of one-half of 1 per cent
per annnm on unpaid principal of each
loan they negotiate and the hank shall
pay agent for actual expenses for ap
praising land, examining titles, exe
cuting and recording the mortgage pa
pers which shall he added to the face
of the loan.
Sec. 15.—Agents shall Indorse and
become liable for the payment of the
loans they negotiate and the aggre
gate unpaid principal of such loans
shall not exceed ten times the agent’s
capital and surplus.
Sec. 15.—Agents are required to
make good any default within .'{0 days
after notice.
Sec. 15.—All collections made shall
he remitted without charge.
SPECIAL PROVISIONS.
Sec. 22.—Amortization and other
payments constitute a trust fund to he
invested as follows:
(a) To pay off maturing farm loan
bond issues.
(b) To purchase farm loan bonds.
(C) To lend on first farm mortgages
within the district.
(d) To buy United States govern
ment bonds.
Sec. 23.—Reserve and dividends: No
limit is placed on dividend distributions
after a reserve account has been built
up from earnings equal to 20 per cent
of the capital stock and after 5 per
cent of the net earnings annually
thereafter are added to the reserve ac
count
Sec. 23.—Reserve funds to be Invest
ed as prescribed by the federal farm
loan hoard.
Sec. 27.—Farm loan bonds are lawful
investments for fiduciary aud trust
funds and security for all public de
posits.
Sec. 27.—Federnl reserve bank may
buy and sell farm loan bonds.
Sec. 29.—Provision Is made for dis
solution and the appointment of a re
ceiver.
Sec. 14.—No commission or charge
not specifically authorized In this act
shall be demanded or received.
NATIONAL FARM LOAN ASSOCI
ATIONS
ORGANIZATION.
Section 7.—Ten farm owners desir
ing loans aggregating $20,000 or more
may form such an association.
Sec. 7.—Its affairs are administered
by five directors, including president,
vice president and a loan committee of
three serving without compensation,
and by a secretary treasurer with sal
ary fixed by the farm loan board and
paid by the association.
CAPITAL STOCK.
Sec. 8.—Shares, $5 each; (9) carry
ing double liability; (8) may be owned
only by borrowers who are required to
subscribe 5 per cent of their loan in
the capital stock of the association
which in turn subscribes an equal
amount of stock in the federal land
bank.
Sec. 8.—Shares are paid for In cash
or (9) the amount may be added to the
face of the loan and retired la amorti
zation payments at par. In such case
the face of the loan shall not exceed
the 50 per cent and 20 per cent lim
itation.
Sec. 7.—Assessment on shares may
be levied for operating expenses if
funds are not otherwise available.
POWERS.
Sec. 10.—To appraise land for mort
gage through Its loan committee of
three.
Sec. 11.—To Indorse and become
liable for the mortgages of its share
holders.
Sec. 11.—To receive and deliver the
proceeds of loans to borrowers.
Sec. 11.—To acquire and dispose of
property necessary for the convenient
transaction of its business.
Sec. 11.—To Issue certificates of de- j
posit for not longer than one year .and J
convertible into farm loan bonds at the
federal land bank of Its district.
Sec. 7.—To receive and transmit to
the federal land bank payment* of in
terest and principal and amortization
payments.
LOANS.
Sec. 12.—Loans shall be secured by
first mortgages on land within its land
bank district.
Section 12.—To run from 5 to 40
years with amortization and with ad
ditional optional prepayments after
five years.
Sec. 12.—Interest on loans shall not
exceed 6 per cent per annum on the
unpaid principal.
Sec. 12.—Borrowers shall pay S
per cent simple Interest on defaulted
payments.
Sec. 12.—Loans may be made for the
following purposes and for no other
under penalty :
(a) To purchase land for agricul
tural purposes.
(b) To purchase equipment, fertil
izer and live stock for the operation of
the mortgaged farm.
(c) To provide buildings and for the
improvement of farm lands.
(d) To pay debts existing at time of
organization of the first national farm
loan association within the county.
Sec. 12.—Maximum loan $10,000;
minimum loan $100.
Sec. 12.—No loan shall exceed 50 per
cent of the value of the land mortgaged
and 20 per cent of the permanent in
sured improvements.
Sec. 12.—No loans shall tie made to
any person who is not at the time or
shortly to become engaged in the culti
vation of the farm mortgaged.
Note.—Ail applications for loans
originate with the national farm loan
associations or agents and all loans are
made and closed by the federal land
banks. This does not apply to Joint
stock land banks.
TAXATION.
Sec. 26.—Same as applies to federal
land banks.
SPECIAL PROVISIONS.
Sec. 9.—Associations may retain as
commission one-eighth of 1 per ceut
semiannually from interest payments
on the uupald principal of loans.
Sec. 9.—Associations may borrow
from federal land banks at 0 per cent
annual interest up to one-fourtli of its
total stockholdings In said bank.
Sec. 24.—Reserves and dividends:
No limit is placed on dividend distri
butions after the reserve account, built
tip from net earnings equals 20 per
cent of the capital stock and after 2
per cent of the net earnings annually
thereafter are added to the reserve ac
count.
See. 25.—Defaults must be made
good within 30 days after uotice.
Sec. 29.—Provision is made for dis
solution and the appointment of a re
ceiver.
JOINT STOCK LAND BANKS
ORGANIZATION.
Section 36.—A private corporation
subject to the requirements under this
act which may he formed by ten or
more persons with a board of directors
of five or more.
Sec. 10.—May operate within the
state in which its principal office is lo
cated and within some one contlngu
otts state.
Sec. 28.—Subject to semiannual ex
aminations by the federal land bank
examiner.
CAPITAL STOCK.
Sec. 16.—$250,000 minimum.
Sec. 16.—Double liability of share
holders.
Sec. 16.—The United States govern
ment shall own none of the shares of
stock.
Sec. 16.—No farm loan bonds can be
Issued until the capital stock is fully
paid, although the bank may begin
business when one-half of the capital
is subscribed and paid in cash.
POWERS.
Sec. 16.—To lend money on farm
mortgage security.
Sec. 16.—To issue and sell farm loan
bonds.
Sec. 16.—To issue farm loan bonds
tip to 15 times tlie amount of its capi
tal and surplus.
Sec. 16.—Except as otherwise pro
vided it lias the powers of and is sub
ject to the restrictions imposed on
federal land banks.
PRIVILEGES.
Sec. 16.—May lend more than $10,000
to any one borrower, but not beyond
50 per cent of the value of the land
and 20 per cent of the permanent in
sured improvements.
Sec. 16.—Loans are not restricted to
the purposes prescribed for national
farm loan associations.
Sec. 16.—Loans may be made to
farm owners regardless of whether en
gaged in cultivation of the land mort
gaged or not.
Sec. 10.—Interest on loans shall not
exceed more than 1 per cent, the in
terest rate established for its lust series
of bonds, nor more than 6 per cent in
any case.
Sec. 16.—Commissions or other
charges not specilically authorized by
this net shall not be demanded or re
ceived.
BONDS.
Sec. 20.—Issued In series of $.50,000
or more, in denominations of $25, $50,
$100, J.500 and $1,000.
Sec. 20.—May bear maximum rate of
5 per cent Interest per annum.
Sec. 16.—Bonds shall be so engraved
as to be readily distinguishable from
federal land bank bonds.
See. 19. — Mortgages and United
States government bonds equal in
amount to the farm loan bonds Issued
are retained as collateral security by
the land bank registrar.
Sec. 17.—Xo issue is authorized with
out the approval of the farm loan
board.
Sec. 27.—Federal reserve banks are
authorized to buy and sell the bonds of
joint stock land banks.
Sec. 22.—Substitution of mortgages
and United States government bonds
held us collateral to farm loan bonds is
permitted.
Sec. 27.—its bonds are lawful invest
ments for fiduciary and trust funds
and security for all public deposits.
TAXATION.
Sec. 26.—The capital stock, surplus
nud earnings are subject to the taxing
powers of the state.
Sec. 26.—Its mortgages executed un
der tills act and its farm loan bonds
and all income derived therefrom are
exempt from federal, state and munic
ipal and local taxation.
Sec. 26.—Real property taken and
held under the provisions of sections
11 and 13 is not tax exempt.
SPECIAL PROVISIONS.
Sec. 6.—Joint stock land hanks are
made public depositories and financial
ugents of the United Stafes govern
ment.
Sec. 6.—Public deposits cannot be in
vested in farm mortgages or in farm
loan bonds.
Sec. 16.—Rates of interest for loans
under 6 per cent are not subject to
review or alteration by the farm loan
board.
Sec. 13.—Shall receive no deposits
except public deposits.
Sec. 22.—Amortization and other
payments ronstitute a trust fund to be
invested as follows:
(a) To pay off its maturing farm
loan bouds.
(b) To purchase farm lonn bonds.
(c) To lend on first mortgages with
in its prescribed field.
(d) To purchase United States gov
ernment bonds.
See. 23.—Reserve and dividends pro
vided for as in the case of federal land
banks.
Sec. 29.—Provision is made for dis
solution and the appointment of a re
ceiver.
Mending Lineoleum.
Did you ever try mending the torn
places in linoleum? It’s easy. Just
trim the edges of the hole with the
scissors—kitchen scissors—then place
a linoleum patch underneath, or if you
have none of this, use oilcloth. Paint
the edges on the wrong side. Press
down tight against the patch and al
low it to dry. Paint all worn places,
using paint the snme color as the oil
cloth.
RULES FOR PRUNING IN APPLE ORCHARD
_ *______
Work May Be Done at Any Time
During Year, but Is Best While
Trees Are Dormant.
“Pruning may be done at any time
of the year.” according to A. J.
Gunderson of the division of polrno
•ogy. University of Illinois. “It can
best be done, however, while the trees
are dormant for more time Is then
available, and in the absence of foliage
It Is easier to tell what branches
should be removed.”
First—Remove all dead, diseased or
broken limbs.
Second—Cut out the water sprouts.
Third — Remove those branches
which cross or interfere with each
other.
Fourth — Cut back' any leader
branches that may be making an over
vigorous growth. In doing so, do not
leave straight stugs, but cut back to a
side branch. This will Improve the
shape of the top and make spraying
and picking easier.
Fifth—Do not overprune by cutting
out too large branches and thereby
suddenly open np the top to exposure
to the sun. This may produce sun
scald. Instead, thin out the top uni
formly by removing the smaller
branches of about one-half Inch diam
eter.
Sixth—Do part of the pruning this
year, and the balance next year, espe
cially where no pruning has been done
before.
Seventh—Be careful of the fruit
spurs. These are the parts of the
tree which bear apples. If broken off
they never can bear again.
The method of cutting when prun
ing apple trees is very important The
best advice is to cut every branch,
whether large or small, as close as pos
sible to the part from which it Is
taken. Never leave stubs, for stabs
will not permit the healing over of the
wounds, but may induce decay. Maks
MMLaiMMk. . -. :
All wounds two Inches or more In
diameter should be painted in order
to keep out the decay. Of the different
materials that may be used for this,
u thick paint, consisting of white lead
nnd raw linseed oil, will prove satis
factory.
THIS DEALER HAD REAL TACT
Stout and Thin Customers Use Special
Mirrors in Wearing Apparel
Establishment
A dealer In wearing apparel, noticing
that his stout customers and his very
thin customers often were sensitive as
to their figures, installed two full
length mirrors of special design, says
Popular Mechanics magazine. One was
slightly concave and the other slightly
convex. When a stout customer tried
on a suit she was led to the concave
mirror for self-inspection, and was able
to see her figure as it would appear
with Its measurements reduced. When
a thin person came in to try on clothes
she was taken to the convex mirror,
where the opposite effect was pro
duced.
Why Called "Bloodhound."
As regards the name bloodhound.
Count Le Couteulx believes that when
fox hunting in something like Its pres
ent form was instituted It was found
that the sleuth-hound was not fast
enough for the purpose, and the pres
ent foxhound was evolved from various
material, and about this time it be
came usual. In speaking of the old
hound of the country, to call him a
bloodhound, meaning the hound of
pure blood (as might be said of a
blooded horse) to distinguish him
from the new hound or foxhound.
There Is only one breed of pure, gen
uine bloodhounds, and that is the Eng
lish,
During the first half of last year
more than $22,000,000 worth of dla
nwuliiMil In flnnth A W»fi
BREAD PROBE LIKELY
U. S. WILL LOOK INTO ACTION
TAKEN BY BAKERS.
PRICE SOON TO BE INCREASED
President of Bakers’ Association De
clares Investigation Would Be
Welcome.—Public Misled.
Chicago.—Proposed increase in ihe
retail price of bread is to be inves
tigated by the Federal Trade commis
sion, according to Edward N. Hurley,
chairman of the commission, who
came to Chicago on a business trip.
"We have hear,d of the proposed in
crease in the price of bread.” said Mr.
Hurley, “and the commission decided
that it would be well for me to look
into the matter.”
Chairman Hurley sai/I the alleged
statement of Jay Burns, Omaha, pres
ident of the National Association of
Master Bakers, at Salt Lake City last
week, that the price of bread would
be increased, sounded like an inves
tigation. lie said that if the price
was advanced a formal investigation
would be made immediately.
\\ netner there shall be a federal
investigation of (he high cost of flour
and prospective increases iii bread
prices .depends largely upon ihe re
port of Commissioner Hurley, now it
Chicago making informal inquiries for
the Federal Trade commission.
Mr. Hurley went to Chicago par
ticularly 1o seek definite information
at the headquarters of the National
Bakers' association concerning state
ments during the association’s con
vention at Salt Hake City that the
price of bread soon would be in
creased. Officials of the commission
declare, however, that they would
look into the general question of flour
and bread prices.
Tlie Departments of Agriculture
and Justice, as well as the Trade
Commission, are giviDg attention to
the subject, although there has been
no formal action of any kind.
Copies of a resolution adopted by
the master bakers at Salt Lake City,
calling on congress to place an em
bargo on flour exports, sent to Vice
President Marshall and Speaker
Clark, will be presented to both
houses later, but there is no prospect
of action on the matter.
Investigation Would B.; Welcome.
Salt Lake City, Utah.—S. F. Mc
Donald. president of tlie National As
sociation of Master Bakers asserted
here that the resolution of the asso
ciation calling for the general in
crease in the price of bread from 5
cents to 10 cents a loaf has probably
been misunderstood by the general
public and. apparently, by the govern,
monf officials:
“The convention voted, not for a
price of 10 cents for the present 5
cent loaf, but for the general sale of
only 10-cent loaves,” McDonald said.
“We want to get the public into the
habit of buying 10-cent loaves. In
cidentally, because of the high price
of materials and the present narrow
margin of profit, it is proposed to
diminish tlie size of the present 10
cent loaf slightly. We welcome an
investigation into the cost or bread
making.”
Suffragists Against Wilson.
Colorado Springs. Colo - The na
tional woman’s party in session here
last week adopted resolutions pleding
itself to use its best efforts in the
twelve equal suffrage states to defeat
the democratic candidate for presi
dent. congratulated the progressive,
prohibition and socialist parties upon
their indorsement of suffrage for
women by national action, and com
mended the position of Charles Evans
Hughes, (lie republican nominee.
The statement of policv was con
tained in three resolutions unani
mously adopted setting forth the at
titude of the woman’s parly: first,
with respect to the progressive, pro
hibition and socialist parties, and
finally upon the announced stand of
Charles E. Hughes upon national
equal suffrage.
Fortune Dug Up by Farmer.
Nacona, Tex.—A farmer named
Palmer, near here a few days ago
plowed up silver bars on his farm
variously estimated to be worth from
HOODOO to $280,000. It is believed
the silver bars were left here by
Spaniards in the Sixteenth or Sev
enteenth century.
Spanish Vessel Tcrpdoed.
Toulouse, France.—The Spanish
steamship Ganekogorta Bendi, 3.061
tons gross, on a voyage from Bilboa,
Spain, her home port, was sunk by
an Austrian submarine.
Jumps From 500-Foot Building.
New York.—By a spectacular 500
foot plunge from the Singer building,
the second tallest office structure in
the world. Albert Goldman, 60, of
Brooklyn, committed suicide. The
body was crushed to a shapeless mass
of flesh and bone.
No Signs of War.
Mexico City.—The government has
accepted an invitation to participate
in a national products exposition to
be held in Texas during the month of
October next.
More Troop* for Border.
Washington.—The Thirteenth Pent
sylvania infantry regiment has been
called Into service by the war depart
ment. It will be sent to the border tc
replace the Pennsylvania Second In
fantry, which has been converted into
a field artillery regiment.
Pour Liquor Into Gutter.
Girard, Ala.—Forty-six barrels o
whisky and 108 of beer, confiscated
in a raid on places of prohibition law
violators, were dumped Into the gut
ter here.
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ridot Pan ber Xiina-gront gu erfeben.
(r§ bcifet in bem Seridbt, ber Pan Ber
lin iiber bonbon noth bier gclangte:
..Xie fiarfe fRuffenoffenfiPe, bie
entlang bem Slbfdnritt gtrifdjen
'fJIafenen unb einent ipunfic
gcrabe fiiboftlid) Pom Ofienbe ber
vsnfel Xaleu in ber Xiina begann, ift
trenigftcng geitipeife 3um Stillftanb
gefomnten. Scr ftorrcfponbcnt ber
.,2fffogiierten fpreffe" ift gcrabe non
fiuem '-Befudi nad) ben Porbcren
(Srdben nalje bem oftlidjen gnbe be§
2lbfdjnitie§ gnrudfgefebrt, tpogegen
ber $>auptangriff geridjtet roar.
Xer ?lngriff rourbe in biefem ?[b
idpiitt mit fiinf Xipifionen auSge
iiibrt, ebenfo trie aucb tpeiler bftlid)
auf UrfuU gu. GS idjicn, ale: ob ber
.’litgriff Iebiglid) ben 3d3ecf ber ?(b
enfung in SBerbinbung mit ber
djtpereu OffcnfiPe auf beiben Scitcn
ber §auptftraBe Pon ®effau, fiiblid)
tad) Sausf, Ijatte. Xeutfdk’ Offi
iiere, bie Jlufflarungobienfte taten,
nabmen an, baB bie ganje Setuegnng
her eine Setpegung tnar, utn ben
Srucf, ber auf bie ©iibfront au§ge
ibt tpurbe, gu beben. Sic fagen,
3cB bie Jlrt ber OffenfiPe geigte, baB
lie gtoeifcfloS bie Xurd)bred)iing ber
beutfdjen Sinien an biefem 'fSunfte
,um 3iel batte.
enticing etner XJtmc, ettra Pier
ber fiinf SJtcilen lang, roo tier
i'ampf am Ijeifjeften tobte, fefcten Die
tuffcn uad) fiinfjigftiinbigem £rom
iclfeuer eine Offenfipe mit ber 3.,
12., 13., 15. urb 121. ©ittifion an
- aQe§ Slitetruppen. ®a3 9ieful
:at be§ fiinftagigen furd’tbaren 9tin
;enS tear bie Grvberung cineS einfa
nen beutfdjen 28ad)tpoffcn$, ber in
eine ftorgefdjobetie SteHung Perman*
Sell ftorben mar. SRuffifdje ©efan
jene fagten trieberholt, ba& bon ib
rer flontpagnie nnr 5 obcr 6 mit
bem Seben baoongcfommen iraren.
$eutfd)e Offijierc redpien mit
llebertreibungrn. ?tbcr aHe Offi^ic
ve, mit benen ber .torrefponbent ge
'prodjen batte, ftimmcn baritt iibcr
ein, bafe bit’ rufTifdien Seriuite furd)t
bar grofj gemefen mnren. ®ic bout
on SSerlufte iraren natiirlid) and)
nidjt gering. $m Vergleid) j(u ben
ruffifdien aber toaren fie beunod) un
bebeutenb.
Ob bie ritffifdie OffenfiDe bier rnit?
berfiolt merbcti ttrirb. ffliiti natiirlidh
nidjt PornnSgefagt merben. Crtneo
aber iff gettnu. fie fommt fiir bie
©eutfdjen n;d)t al§ Uebcrrafdjung.
®ie ©eutfdien fennen bie 'HMcbtigfeit
ifjrer SteHung an ber fteffnn-Stra
fje. Sie iriffen, baft, »enn e§ bem
($eneraliffimu§ .Guropatfin gelingen
(ollte, bier bie beutfeben fiinicn jn
burd&bredjcn, fie getftmngen fein iciir
ben, um ein ®etrorf)t!idiee- bie gan
je fitnie suriiefaunebmen. ?dlr heitt
fdjen Offijiere aber, mit benen ber
fforrefponbent fptad), briieften bie
felfenfefte Uebcrjeugung att§, baft bie
3inie nidjt burdbbrodjen trerben
!ann."
S&Jirb inunrr unucrfdjamter.
93ritannien fiat toicber emitted
Sfmerifa gegeniiber feine Hlauen ge
geigt. @3 ljat 90 amerifantfdje Sir
men aitf bie fdjtoarje Xfifle gefefet unb
feinen etgeitcn llntertnnen cerbotcn,
mit biefen girnien .£nrbcl ju tret ben.
iProfeffor ISUcrn G. etotoctt bon
ber Unioerfitiit tiulumbio, eine anrr
fontite 3Iutoriti.it beat SBolferredjter-,
crfldrt bett neuoften ©d)ritt ber bri
tifd^en fflcgieruiig, bic 'ilntoenbuug
ber „fdjirar3en Xtific" gegen jenc
amertfonifcbe S'^ncn, bie mit
Xeui|d)Ianb .^nnbeis&rsiebungeu aid
rcd)t ertjalten babeit, fiir eine fla
grante SPerlefeung unferer ©oubeiiv
nitat, ba ba* ©efcfe feine SSirfung in
unfereni Saubc ousiibcn ttrirb." —•
„£iefc iP?0Buabme ber britifc^e.i JRc
gienmg, fiigt bicfer (Metjrte brm
binju, „fest cirtcc laiigen fReiljenfol
ge bon SBerlcfcungeu unferer neutra
len tKedjte burd) bie Sriten bie Jfro
nc auf."
Xie britifdie tHegicrung bar ben
iiberfeeifdjen Jpanbcl jefct boffftdubig
in ber tpaub; fie fontroliiert
n;d)t uur burdi Sifttientng
ber neutralcu Sdjiffe ben
eigentiid>en Stflcbtferfebr, fonbern
bat fief) and) burd) beii ftjftematifdi
betriebeneu 'Poftraub bie ©efdjaffc
gebeinmiffe ber nmtralen ^attbeie
firmen angeeignet, erlafet bent gening
„Crber? in Ciouitcil", um ben .’oait
belsberfebr an* neutralen Hancitcn
in bie ridjtigcn britifeben toanbe 311
Iciten, nnb befiubet fid) fefjr luolU
babei in ber beredjfigten Gritiartung,
bag biefe tbeitid)auenbe fJSolitif brr
Seerduberei, uadi betn ftriege, ber
ja bod) einmal ein Gnbe nebinen mug,
golbcne Sriidjte tragen merbe
Sapnnrr bitnen Strirg6fd)iffr.
X o f i o. 9?ad) Jlmerifa abge
fdjicffe Sepefdjen, tuddje befjaupten,
bag ^apan brn '-Sau pon Pier Uebcr
Sreabnougbtd aitgeorbnet babe, finb
untpabr unb irrcfiifjrcnb. ?iod) iprrf.
febcrid)ten bat bit 3Ibiniralittit bom
giuau3 « SKinifterium ein Srgim
3ung§ - ^rogramm unterbreitet, bad
ber japanifrfji'n hammer porgelrgt
toerbeit foil unb einc Jlusgabe Don
250 SRiUicnen ?jen in fieben oab<"i’!t
umfafjt. SiefeS ^rogramm fieljt ben
5?au poit brei llcber - Sreabnougbffc,
3toei Sdjladjtfrenjcrn, sablrcidion
leiditen fireujem, ^erftorern unb
£aiid)booten por.
2a3 gemelbete ^rogramm toiirbe
ben (rtjrgeis auf bem SDiarinegebtct
befriebigen, buref) Sdjaffung finer
erftflaffigcn glotie pon ad)t Ucbcr
SrcabnougfjB. SBeamte ber Slbmi
ralitat letjnten e§ ab, fid) iiber ba§
i'rogramm 311 dufjem unb fagten,
baf', bie japanifdjeit ^refecrfldrurtgen
bariiber itur SWutmafeungen feien.
3ritgnnnfif '-SJnrnnng.
Sonboii. Sic Sailp i>iero§ lbf>t
fid) au§ $Rottcrbam melbcn, baf: ber
bcutjd)e ©eueralftab cine SSarnung
Por ben &iigcuinelbungen ber Seinbe
Seutfd)Ianb§ an baa, beutfd)e Solf
erlaffen Ijatte, toorin c§ froifet:
,,'JiiemaId bat bie SSelt etroc3 fo
GetoaltigeS gefeljen, toie e?, bie gc
gcntocirtigcn Sd)Iad)ten finb. Wc
ntal§ bat cine ?lnnee fo mutig ge
fodjten, rote bie Unferigen fdmpfcn.
„Scr geitib fenbet alle paar Shnt
ben 9?adjrid)ten au§, roorin er be
bauptet, Sorfer, ©albcr unb Sau
fenbe pen ©efangeiten genommen ju
baben. Soldje SWcIbungen tragen
nid)t mefir bie 8pra<be ber Sol baton,
fonbern finb fanatifdje §pmnen iiber
Siege, bie ber ©abrljeit fpotirn unb
mtr ben Stood baben, ba€ SSertraucu
bc§ bcntfdjcn 3>oIFc§ in feine ?frniee
311 nntergraben."
SSoflrit @>rinngrne aurtaukben.
S o n b o n. £ic in i>rr Furalidjcn
britifcben 9?otc an &eutfd>lanb ge
madfiten Sorfaliige betreffg 3u§tau
{cf)c» internierter 3it>ilgcfnngcnfr
luurben bom fl?ricg§banbcl. 27Hniffer
2orb Cecil ber Hffoaiierten ifPrrffe ini
SBefeu befanittgegeben. £ie finb fol
genbe:
„2(IIe ^Serjonen iiber 50 Sabre
fcHen in ibr .§eimatlanb guriiifge
fcfjidt toerben.
9lHc iferfonen amififjen 45 unb 50
Sabrett, bie sum lOTilitarbienfie tm
tauglicf) finb, toerben ebenfollg nod)
§aufc gefanbt.
3Jon ben llebrigbletbenben follert
Tcutfdjlanb unb Cnglanb cine glctdje
?ln3abl in einem neutrolen Sanbe in
ternicren."
©i3 iefet ift infolge iJiirje ber 3eit
nod) Feine 2lnttoort erfolgt.
Baf)lnng bon 2lr6eiter ■ ^enfionrn «it
Stalicner ringeftrHt.
5R o m. fflrofcen STerger bat bier
bie Cntfdjcibung ber beutfdjen Se
lientng beroorgentfen, Staliener alS
i’fngeborige citter mit bem 9teidje im
flriege befinbliifccn STCndbt ju beban
beln. ^ie 93onfen finb ongetoiefen,
in Hcutfcblanb Iebeitben Sialienerit -
Feine Oielber QU§3U3of)Ien, unb bog
fteid) soblt ifmen Feine Sfrbeiterben
itonen mebr. FEurdb SSermittlung ber
Jdjtoeiacr Sfegicrunct ift Stalien bier
son nerfianbigt toorben.