The Hershey Press 1914-11-19

              This Week Marks Great Event
in the Finance of the Nation
New Currency System Called Most
Important Thing Since the Sign-,
ing of the Declaration of Inde-pendence.
Plain Account of
the Change. New Money
Something has happened in the
United States this week that is called
next in importance to the signing of
the. Declaration of Independence, and
it affects the present and especially
the future welfare of every citizen.
It means new opportunity, new
money, new freedom.
On Monday the twelve Federal Re-serve
Banks opened and the change in
the nation's financial system began.
While the Hershey Trust Company
is not a member, bank, its commercial
paper . can be discounted through its
clearance bank, and thus it has the
advantages of the new system. .
The new systeni is a compromise
between a central bank and the for-mer
system, with its thousands of
units, scattered reserves and fixed
limits of currency. Its chief attrac-tion
, and value are found in the elas-ticity
it will give to recognized paper
currency. Under the old law national
bank currency was almost a fixed
quantity based upon national bank
capital, issued upon United States
bonds and unresponsive to the chill of
hard times or the exultation of boom
days. Its use led, the experts say,
to unrestricted loans and speculation,
in the days, when money was easy,
and a tightening of the purse strings
of credit when they were hard. It is
said to have bred the panic of 1907.
More Real Money in Use
Under the new system the Federal
reserve notes are issued upon com-mercial
: paper arising out of actual
business transactions. It seems plain
that they will rise and fall in amount
as the tides of business rise and fall,
and that there will be no plethora of
money to lie idle.. They will be ob-ligations
of the United States Gov-ernment,
and will have back of them
a large reserve of gold in the regional
banks. Through them the reserve
banks are expected* to come to the
aid of any needy member bank which
has plenty of good paper, but needs
cash. To further insure the flow of
money reserve banks themselves may
be required to rediscount the dis-counted
paper of other reserve banks.
The operations of the banks, at the
outset, will be limited to the accept-ance
of deposits of reserve payable in
lawful money, discounting of bills of
exchange and commercial paper and
acceptance of deposits of checks
drawn by member banks on any Fed-eral
reserve banks or member banks
in reserve and central reserve cities
within their respecti-ve districts.
The Federal Reserve Board, in pre-paration
for the opening of the banks
under the foregoing limitations, fixed
rates of rediscount for the 12 banks,
denned commercial paper, fixed a
general rediscount policy, drafted by-laws
for the banks and attended to
other pressing matters of detail inci-dent
to the opening.
New Era in Business
Secretary of tho Treasury McAdoo,
the ex-oflicio head of the new system ,
stated that he was exceedingly grati-fied
with the prompt response which
tho directors of the banks had made.
"The opening of these banks," said
tho Secretary, "marks a new era in
tho history of business and finance
in this -country. It is believed they
will put an end to tlie annual anxiety
from which tho country has suffered
for ^ho past generation about insuffi-cient
money and credit to move the
crops each year. Tlioy will give such
stability to the banking business that
tho extreme fluctuations in interest
rates and available credits which have
characterized banking in tho past will
bo permanently destroyed. Tho Fed-oral'
reserve banks provide for a sys-tem
of credits basod upon commer-cial
paper , thus at least securing to
the country adequate supply of the
necessary credits to moot tho legiti-mate
demands of business as they de-velop.
"Tho supply will bo absolutely re-sponsive
to tho demand , and business
will bo frood from tho restrictions,
limitations and injuries from which
it has suffered in tho past, because It
has not boon able to receive at tlvo
time when most noodod tho credit fa-cilities
which woro essential to its
regular and proper development, Tho
whole country is to bo congratulated
upon this final stop in an achievement
which promises such ' Incalculable
benefits to tho American people." »
Tho 12 banks, designed to take care
of tho commercial noods of tho entire
nation , aro located in Boston, Now
"York , Philadelphia , Richmond , Atlan-ta,
Cleveland , Chicago, Minneapolis,
St. Louis, Kansas City, Dalian «nd
San Francisco. Their authorized
capital is $100,705,(100, of which ono-fllxth
has boon called and is in their
•vaults. Tho exact figures for tho
cash reserves In all 12 banks has not
boon accurately computed , but tho os-tlifiato
puts tho amount at close to
$250,000,000 drawn under tho law
jCi'om""7G71 member banks, represent-ing'
n population of 80,045,0^0.
The Reserve bank act requires that
the new notes shall be in denomina-tions
of $5, $10, $20, $50, and $100.
The designs "approved are regarded
as the . most artistic yet attempted.
It was decided to adhere to the same
size of note as that of our present
currency.
The new currency bear on the face
the portraits of Lincoln on the fives,
Jackson in the tens, Cleveland on the
twenties, Grant on the ' fifties and
Franklin on the hundreds. Every
precaution has been observed to pre-vent
counterfeiting in designing both
the face and the • reverse of these
notes. The reverse of the $5 notes
has a scene at the left representing
.the. ..discovery- of America- -by-Colum-bus
and on the right the landing of
the Pilgrims at Plymouth- Rock. The
$10 note has on the reverse scenes
typical of manufacturing and .agricul-ture,
one bearing a view of a harvest
field and the other a modern factory.
The $20 bill exploits commerce and
shows a modern railroad train, an au-tomobile,
an aeroplane, and an .ocean
steamship in New York harbor with
the sky line of the city and the Statue
of Liberty. The $50 bill is marked by
a symbolical, figure representing
America presiding over the Panama
Canal. • On the left is a merchant
steamship and on the right a battle-ship.
The $100 note has an allegori-cal
picture covering the whole back
of the note. In the central group
America is represented sitting, with
the figures of peace and plenty on
each hand. At the left is a figure
representing labor bearing the plente-ous
harvest and the right Mercury
engaged in distributing the fruits of
the harvest.
Fashionable Wedding
Marriage of Miss Lilha'n Sr WaftuM
to Ma-. Robert T. Fox
In Zion Lutheran Church of Hum-melstown
on the evening of November
17 Miss Lillian S. Walton was mar-ried
to Robert T. Fox. The officiate
ing minister* was Rev. D. Burt Smith,
of Easton, former minister of Zion
Church, and he was assisted by Rev.
Herbert S. Games, pastor of Zion
Church, Hummelstown. '? The bride
was given away by her father, Allen
K. Walton. The best man was H. D.
Walter, of Harrisburg, the maid of
honor Miss Carol Walton and there
were four-bridesmaids and' six ushers.
The ring ceremony was used. The
bride wore a very beautiful gown of
white satin and white lace, with long
train arid veil and carried a shower
bouquet of lillies of the valley. The
maid of honor wore a most attractive
gown of pink charmeuse with white
lace and the bridesmaids were in
white. All attendants carried large
pink chrysanthemums.
Miss Walton and Mr. Fox were
both very popular and they repre-sent
- the best society of Hummels-town
; so their wedding aroused un-usual
interest and it was a brilliant
affair. More than four hundred
guests were present, many coming
from New York, Philadelphia, Wash-ington
and other cities. Those pres-ent
from Hershey were: Mr. and Mrs.
Ezra . F. Hershey, Dr. and Mrs. M. L.
Hershey, Miss May Hershey, Miss
Margaret Leithiser, Edwin Dearnloy
and Clayton Snavoly. Following the
ceremony was a reception from 8.80
to midnight at the Walton home, Lo-cust
Farm, and there was dancing
with music by Leaser's Orchestra of
Harrisburg. An elaborate supper
was served . The presents were un-usually
handsome and numbered over
five hundred.
A Comedy Next Month
Christinas at Finnegan's Flats For
' tho Gymnasium Class
On the evening of tho 17th pf Do-comber
there will bo presented nt the
Central Theater tho screaming
comedy, "Christmas at Finnegan's
Flats," under tho direction of tho
Gymnasium Class, with Miss Burch
in charge. It wilj bo for the benefit
of tho class and tho money will bo
used for decorating tho club rooms. '
In tho cast W. D. Goirling will bo
Mr. Flnnogan, Mrs. Everts, Mrs. Fin-nognn,
Frod Klingor tho policeman,
Director Fooso tho Gorman professor,
Mrs. Mary Smith tho Miss Novor-smilo,
Miss Gllclc tho Miss Goodhoart,
George Honch tho chauffeur , Eva
Runklo tho Mary, Carl Snavoly tho
Tommy, and the tenement children
aro to bo selected. Tho play will
take about 45 minutes and will bo In
two acts. Tho gloo club will bo in tho
evening's program.
Specialties Tomorrow Night
In addition to the play "Claim
Ninety-Six" at tho Park Theater to-morrow
night there will bo two fine
specialities. Tho first will bo Loral no
and Spahr in a groat comedy act and
tho second will bo tho famous sextette
from Lucia by Messrs. Doramo,
Llhrora and Tallin. They will como
between the acts of tho play.
Hershey is one of the busiest places
in the world. New orders continue
to flow to the Hershey Chocolate
Company and already the year's busi-ness
breaks all previous records.
Large. improvements increasing the
factory floor space to 35 acres and
giving it one of the finest power
plants in existence are nearing com-pletion.
The new reservoirs with a
capacity of 1,000,000 gallons are prac-tically
ready. The ' new trolley line
into Lancaster county is being push-ed
with all possible expedition. The
Hershey Improvement Company is
completing twenty— handsome new
homes of brick and stone. The Her-shey
Store Company with its 28 de-partments
and its equipment of many
SCHEDULE OF EVENTS FOR THE WEEK BEGINNING TONIGHT
HAS SOMETHING ATTRACTIVE FOR EACH DATE WITH A
RANGE FROM GOOD SERMONS TO GOOD SPORTS
THE MOCK WEDDING. BASKETBALL BEGINS '
large buildings is handling the larg-est
trade in its history. The work
on the big auditorium that will seat
5,000 persons will be begun in two
weeks,and. completed by next spring;
it will be a splendid structure of
stone and steel. On. the Hershey
farms a score of new buildings are
finished, and more have been started.
"Within the past six months there
have been opened and occupied the
Hershey Trust , Company Building,
the finest bank building in Southern
Pennsylvania; the M. S. Hershey
Consolidated School, costing $120,000
with a capacity of 850; the new Her-shey^
Central Theater and other build-ings,
and the new post-office and. the
Hew—fire department ' building are
ready. ,
And Hershey is as busy with men-tal
and moral improvement and good
sport as it is with work: The winter
season is getting into its full swing
and here is the schedule for the week
beginning today:
THURSDAY, November 19—8 p.
m. Mock Wedding at the Gym-nasium
of the Young Women's
Christian Association. Women
only invited.
8 p. m. Motion pictures at Her-shey
Central -Theater.
8.15 p. m. Basketball Game at
Hershey Men's Club; Hershey
versus Steelton Athletic Club;
opening of the season. Admis-sion
15 cents.
FRIDAY, November 20—8 p. m.
Performance of "Claim Ninety-
Six"'by the Eureka Amateur
Players Club in the Hershey
Park Theater. Music by the
Hershey Band. Star evening
of local talent. Admission 10,
20, 30. Notice page 6.
SATURDAY, November 21—3 p.
m. Football on Park Athletic
Field; Hershey versus Pen-brook
Atheletic Club. Best
game of the season. Admis-sion,
15 cents.
8 p. m. New vaudeville and mo-tion
pictures in Hershey Cen-tral
Theater.
SUNDAY, November 22—For
morning services in the
churches see regular notices
page 4.
3 p. m. General meeting in Her-shey
Central Theater under au-spices
of Horahey Men's Club.
Speaker, S. Byron Hershey;
subject, "We—tho War—and
Whither." ' Special music by
tho Glee Club of tho Young
Women's Christian Association
and \jho Hershey Orchestra.
General public invited.
MONDAY, November 23—Dona-tion
Day for the Harrisburg
Hospital. See notice below.
8.15 p. m, Second Lyceum
Number of the Horshoy Club's
entertainment Course; Olympia
Ladies Quartette in varied pro-gram.
Course tickets 50 cents ;
srhglo admission , 15 conts.
TUESDAY, November 24—8 p.
m. Now motion pictures at tho
Horshoy Central Theater.
8 p. m. . Con toot between Roost-ers
and Boosters at Horshoy
Men 's Club.
WEDNESDAY, November 25—
Special program of motion pic-tures
at tho Horshoy Central
Theater.
THURSDAY, November 2(1—
Thanksgiving; Day. 10.30 a. m.
Union Thanksgiving Services in
Dorry Church ; Sermon by Rov.
N. L. Linobniigh ; special music
by combined choirs. '
Hare and hound race by juniors
of tho Horflliey Men's Club,
starting from the club on
Chocolate Avonuo,
No Dull Days inihe Town of Hershey
and Plenty of Interest in the Evenings
Fine Contest Tonight
The basketball season at this place
will bo pryod open this evening,
Thursday, nt tho Horshoy Men's Club
gym when tho local five will moot tho
strong Steelton A. C. "Skip" Early, a
former Hersheyite, will be in the vis-itors'
line-up and will play one of , the
guard positions. "Skip" says that
his team is the best in Harrisburg or
Steelton and is sure to wallop the
locals. The'Hershey team is also con-fident
of winning. The game will no
doubt prove to be one of the best at-tractions
on the schedule. In the vis-itors'
line-up there will be several
ex-college players and those who are
not will know the game.
Fine Progress Being Made on the New
Hershey . Lqie Which is to Extend
From This Place to Elizabeth-town
and Which Will Make
Connections for Lancaster
Ahead of expectations is the pro-gress
on the new trolley line between
Hershey and Elizabethtown in Lan-caster
county. Already the work has
reached Deodate which is more than
onehalf the distance between the two
points.. The construction . on the new
road is in keeping with the quality of
the other Hershey transit lines. Prob-ably
the best trolley road in Penn-sylvania
is the Hershey line between
Hershey and Lebanon. The new line
will be its equal if not its superior.
The grading is thorough; the rails are
heavy and the whole . proposition is
on a high scale, so that the road will
invite smoothness and speed. At
Elizabethtown—which is a prosper-ous
little city—the tracks of the Her-shey
line will run directly to the
tracks of the trolley line to Lancaster.
From Hershey to Elizabethtown is 10
miles and from Elizabethtown to Lan-caster
is 19 miles. It is expected that
a schedule of 90 minutes and perhaps
less will be maintained between Her-shey
and' Lancaster.
At present the usual route f rom
Hershey to Lancaster is to Harris-burg
13 miles and then by rail to
Lancaster 36 miles, or 49 miles in all.
The new route will cut down the total
20 miles. The time may be made
shorter because the railroad may be
used by,. the passenger from Eliza-bethtown
to Lancaster. But the ef-fort
will be to develop the trolley
traffic. The line runs through a well-settled
and prosperous country and
the-people-^re—deeply—interested in
the coining of the new facilities.
Two pay-as-you-enter cars have
been ordered from the J. G. Briu.
Company of Philadelphia and other
rolling stock will be added. The cars
are of the latest type, with Westing-house
equipment tand all the merits
for speed and easy riding.
It is a very busy winter for Gener-al
Manager J. R. Kreider and for
Civil Engineer H. N. Herr. Mr.
Herr has moved his engineering corps
from the rooms in the Hershey Men's
Club to the new and spacious quart-ers
in the Hershey Administration
Building where they, have not only
handsome accomodations but much
better light.'
From Hershey to Lancaster
By Trolley in 90 Minutes
Great Gamelfaturday
What is promised to be the best
football -game of the season, -will be
at the Park athletic field on Satur-day
afternoon when the locals, will
clash with the strong Penbrook A. C.
The visitors have made quite a repu-tation
for themselves during the past
season and in their most recent game
on Saturday defeated the Bethany
team; champions of York county.
Last season the Penbrook team was
defeated by the local eleven and they
are coming here oh Saturday for re-venge.
The local team is practicing
faithfully this week and will be pre-pared
to put up a good fight. A good
crowd is expected to attend this game^
Olympia Ladies Quartette
, The next attraction in the enter-tainment
course of the Hershey Men's
Club is the "Olympia Ladies Quar-tette,"
which will give their perform-ance
at the Hershey Central Theater
next Monday . 'night. They have a
program, of songs, instrumental
pieces, recitations and playlets. They
have been a successful attraction at
Chautauquas and Lyceum courses.
They come with high recommenda-tions
from other cities and towns.
The Canton (O.) News Says, "Miss
Dazalia Underwood is really the
queen of all black Pattis. Her voice
is wonderfully clear and sweet." Oth-ers
in the quartette are experts oh the
violin , mandolin and piano.
Where Hershey Should Help
Let us Send Fine Thanksgiving Do-nation
to Harrisburg Hospital
The Harrisburg Hospital asks for
tho usual Thanksgiving donation
from Hershey. Any gift will bo
gratefully received but thoro is a spe-cial
request for money, as tho hospital
lias boon filled to'its capacity during
tho past two months and tho drain on
its resources has boon severe. Money
may bo sent direct to tho hospital or
in care of Mrs. Dr. M. L. Horshoy.
Others aro kindly asked to place
thoir articles or donations on ^ho
front porches of tliejr residences and
a team will collect them on tho after-noon
or evening of tho Monday pre-ceding
Thanksgiving—that is, next
Monday.
Thoro is every reason why Her-shoy's
response this year should bo
tho largest it has over mndo, Tho
hospital is tho nearest to this town
and is the one most used by Horshoy
pooplo. Thoy have a direct interest
in Its success and efficiency. You can-not
toll when you or some member of
your fam|ly may nood Its shelter anil
facilities. What you give will return
to you either through tho services
you receive or through tho aid that Is
given those whom you aro Interested
In.
This appeal cannot bo made too
strong. It Is homo work. ' It moans
you and your family. Horshoy is «s
directly concerned in tho Harrisburg
Hospital as Harrisburg itself. It
should rally to its support. Send
money if you can. If you have,doubt
as to what articles to contribute , Mrs.
Horshoy will bo fflad to 'ttdvlso you.
Her telephone is 214-2,
Hershey Librar y Growing
Gratifying Increase in Daily Ex-dQkiges
and Much Interest Shown
Four persons became members of
the Hershey .Free Public Library this
week, bringing the total number of
borrowers up to 664. About four hun-dred
are regular readers. There is
a 'gratifying increase in the daily ex-changes.
In spite of the closing of
the Consolidated Schools last week
owing to the Teachers' Institute,
whicji normally would result in many
fewer books being taken from tho
library, 174 volumes were exchanged,
an average of nearly 2*6 daily. This
is an increase of 16 over the corre-sponding
week in October, when 158
books were exchanged.
Fiction continues' to surpass tho
other classes of books in. popularity.
To suggest other linos of reading,
tho librarian has inaugurated a
"Special Sholf" containing 25 vol-umes,
which include historical novels,
the classics, proso fiction , essays,
short stories, and books on travel.
It is hoped that in this way tho more
valuable books will become popular.
Beautiful Flowers
Lovers of flowers , should not fail to
visit tho groonhouso at tho Ilershoy
Mansion grounds within tho next two
weeks. Some of tho blooms of Chrys-anthemums
aro now at their height
and among them aro a number that
are unusual in their size. At tho
present time thoro aro 500 in full
bloom.
Improving the Streets
John K, Zoll, road, supervisor of
Dorry Township, has n force of men
engaged in repairing Spring Crook
avonuo. Tho gutters arc being re-opened
and tho road bed will bo plac-ed
in first class condition. Other
roads that wore recently repaired
about the town Include Trinidad ,
Park and Cocoa avonuos.
A Painful Blow
John Shay mot with a painful ac-cident
on Monday while at work at
tho Factory. Mr. Shay and a follow
workmen wore drilling a hole through
a stono wall when tho man swinging
tho slodRo missed tho drill , striking
Mr, Shay above tho loft oyo, inflict-ing
a deep gush,
Miss Mary Johns Hopper
Praises Hershey Association
Executive Secretary Makes Address
and Tells of Worldwide Work of
the Young Women's Christian
Association. Demands Made
Upon it by the War
Miss Mary Johns Hopper, execu-tive
secretary of the Young Women's
Christan Assocaton for the . states of
Pennsylvania, Maryland and Dela-ware,
came to Hershey on Sunday
and addressed the members in the As-sociation's
Building on Park Avenue.
Miss Hopper is one of the ablest and
most interesting ¦women in the work;
she comes of distinguished ancestry,
being a granddaughter pf Bishop
Johns and related to Judge Hopper;
she is a graduate of Goucher College;
she has been most successful in her
eiforts and both in her personality
and as a speaker she has great charm.
Her address delighted and stimu-lated
her audience. It was her first
visit to Hershey since the local Asso-ciation
moved into the present quart-ers
and she had nothing but praise for
the building and its accommodations
and the manner in which it was con-ducted.
She complimented Miss Eld-er
and her associates upon . their la-bors
and especially upon the many
activities which they had set going
in the community. As Miss Hopper
has oversight of the various associa-tions
in the three states her endorse-ment
was valuable.
- It was largely a devotional talk
and was a fitting conclusion to. the
series of meetings followed the re-cent
world's week of prayer, but Miss
Hopper also emphasized the world-wide
reach and opportunity of the as-sociation.
She referred to the work
that has come upon it because of the
war. The association in France had
been established largely for the bene-fit
of the American art students in
Paris, but after the war began it had
to throw open its doors to aid the
Government in relieving distress. In
this as in other efforts it had accom-plished
untold good. One benefit of
the Association membership was its
unversality. The ' member of the
Hershey association has admission to
the other Y. W< C. A.s in all coun-tries.
The association was growing
everywhere and its condition in this
district was most gratifying.
Miss Hopper spent Sunday night in
Hershey and left Monday morning
for an engagement in Wilmington.
The members are hoping to have her
again to Hershey soon, for she is al-ways
welcome here. Among her re-cent
honors was her election as exe-cutive
secretary of the famous Silver
Bay Conference on Lake George.
At Rondlnp; on Saturday, October
!1, Miss Isabella W^Itmor, daughter of
Mr. and Mrs. Charles Woltmor of
Campbolltown was married to Horry
Holllngor of Horshoy.' Both are high-ly
esteemed and good wishes follow
thorn. Their wedding trip was to
Washington and thoy will reside in
Lebanon. Mr. Holliiigor served in
tho Spanish-American war. Ho Is
employed by tho Horshoy Transit
Company.
.,, —, ,, .-»»— —....
Hollinger-Weltmer
Be Sure to Take Yourselves and Your
Presents to the Mock Wedding
The brightest, merriest, most di-verting
event of the season is expect-ed
to be the Mock Wedding which will
be held this—Thursday—evening in
the gymnasium in the Park. All
women are invited but the men can-not
be admitted. There is great in-terest
in the entertainment and a
crowded attendance is expected.
Those present will be expected to give
presents wjiich will be used for the
decorating of the rooms of the Young
Women's Christian Association and,
the furnishing of the kitchenette.
Ladies, Please Do Not Forget
During the past two weeks tre-mendous
fighting has been going on
but there have been no signal results.
The tide of battle ebbs and flows in
Northern France with apparently
slight advantages in favor of the Al-lies.
The losses in life continue to be
enormous. In the East, Russia is
making progress and there are daily
rumors of an impending disaster to
German arms. The coming of cold
weather has greatly intensified the
hardships of tho war.
The sensation of the week was the
leaking out of the news that the
Audacious, the third largest battle-ship
of Great Britain , had been struck
by a mine. This occured three weeks
ago but the fact was suppressed.
The Audacious was lost, but her crew
of 800 men wore saved; the money
loss was over $12,000,000. This dis-aster
following tho recent loss of the
English squadron in South American
waters created a profound impres-sion.
It has been kept from tho Eng-lish
people and it became known
through Americans who saw it from
tho >.OIympic and who have since re-turned
homo.
Groat Britain now realizes tho true
immensity of tho war. This week
Parliament votod $1,125,000,000 and
another million troops. The Prime
Minister called tho crisis "tho great-est
emergency in which tho country
has over boon placed,"
Germany shows no weakening of
its faith In its ability to win , out.
It is raising 3,000,000 now troops.
Lord Roberts, England's hero and
"tho greatest ftoldlor of his ago," died
of pneumonia while visiting the In-dian
troops in Franco..
America is sending shiploads of
supplies to tho starving Belgians
whoso condition is dosporato.
Progress of the War