HfrUBDAY, DECEMBER 30, 1916 GAPS MAS 8TA& AJFB WAVB - - - • . T '. ■ I 11 11 11 1 ■ '■ ■'■' ■ » 1 '<'F ■ - ■w ■ 111 ■ ■ ■ ■ ■ -i- • 1 i

SECURITY TRUST CO. Southwest Corner Washington and Oce&e Streets Cape May, N. J , December 31st, 1915

V RESOURCES time ud Demand Loan*, $1,174,860.28 < fiWi ud )I*rtgH« 238.006.39 < Stock* ud Bonds, 644,423.04 , Overdrafts, MAS ( Banking House*, 0*1* den, I Chpe May ud Gloucester 180,000.00 Gsah *nJ Reserve, 218,537.51 K • . . » $3,102,881.28

LIABILITIES. I Capital. $100,000.00 Snrplus, r ' 100,00000 Undivided Profit*, 84408.24 Deposit*. 2*06,722.01 $3,102*31.25

■ Three Per Cent Interest allowed on Time Deposit*. -} a r*m u Administrator, Exesntor, Guardian or Trustee. Wills drawn and kept without charge. Safe Deposit Boxes for Rent in Barglar-Proof Vault ADV1S0BY BOARD. All VII '1BUKX jjuAJtu.

J Spioer TmwIi^ Chairman Aaron W. Hud Bcnipe T. Johnson Sherman S. Sharp. John B. Huffman

Henry C. Thompson, Secretary. Albert 0. Bennett Hon. Robert E. Hud Dr. Wilson A. Lake Dr. V. M. D. Marry

SAFETY AND 1 SERVICE . . . . , jf The chief aim of t h e Officers and ■■ i Directors of the Merchantt National I ^^_Bank^is to assure UieSafety^Jts^assets._ M | This bank ^h as achieved an enviable "I reputation for Safety through its care- L.1 ful and conservative management. II | Constant draught and effort are given I i to the improvameul of the service ren- ^ B dered to its depositors. ' 1 if. B That these efforts are appreciated is « shown by its steady and substantial ■ The Merchants National Bank 1 CAPE MAY, N. J. fl RINGS ! 'The celebrated WWW Rings, the largest assortment in South Jersey.' 5000 Beauties to Select From Watchmaker Jeweler, and Optometrist VICTROLAS AND RECORDS J. S GARRISON 305 Washington St., Cape May ^ A. KENIC SHOEMAKER AU work done by bend ' I -WmBES and machine WBE RUBBER SOLES A sreCIALTY Repairing while you wait. Work called for and delivered. ■F ALL FANCY WORK GUARAtyT£EP 105 Jackson St, Cape May, N. J. bPE MAY COAL & ICE CO. UNDER NEW MANAGEMENT Best quality Coal as all times. Careful preparation. Guaranteed weight Pure lee, manufactured hem distilled water. Prompt and courteous service. Llain Office— 512 WASHINGTON STREET L , READ IN « COAL YARDS and K*" 1ERRY AND JACKSON STREETS THOMAS S. STEVENS. pad ui leystwe Telephones Manager f M. H. WARE 516 Washington Street. \ HASDWABE HOUSEPimNIgHINGS • . L. fiLUE AND WH*E AND GRAY ENAM35LWAK 5J '~ PISHNG TACB{L-j -G, P EstoNkrfied 1878 Xeystone 114X

The New - - 19171Ehshh.Ii OVERLAND TOURING CAR is now ready for * demonstration. This e*r is foIW squipped ud modern in *11 deUUs. Four inch tires demctontabls rims; -«*J»tilever springs. Price, ^$635.00 1 Roadster, $620. Six-Cylinder Touring, $925. One tvo-hsrse gasoline engine in excellent eonditisa. One threehorse engine, mounted *on wagon with Wood saw complete at Reasonable Prices. CALL FOR A DEMONSTRATION DAY OR NIGHT. lAANIEL MILLER, Sub. Agent P. O. Box 71 | < 108 6th Avenue West Cape May ] i WEST CAPE MAY MARKET 420 Broadway, West Cape May GROCERIES, MEATS AND PROVISIONS. . FLOUR, FEED, HAY AND POULTRY SUPPLIES. We aim to keep prices down, especially in our Feed Department. BEN BOTWINICK, Mgr. Call 225 D for prices.

SHERIFFS SALE By virtue of a writ of Fieri Facias, to > . me directed, issued out of the Cape j t May Oountv Circut Court on the 11th f day of December, A. D. 1916, I shall ( expose to sale at public vendue, on 1 Monday, January 15, 1917. between the hours of twelve and five « o'clock p. m-, to wit, at one o'clock in the afternoon of said day, at the Shcr- j iff 'b office, in Cape May Court House, t Cape May Oounty, New Jersey: All the undivided three-elevenths part ' or share of the farm consisting of bcarfi, e farmland and marsh commonly called 1 the "Cox Hall Place" on the Bayshore in the Lower Township of Cape May county and "state of New Jersey. Beginning at a Stake in the ditch " being a corner of the Albert Matthews 5 place formerly Job Thomas also the northwest corner of the Alexander McKean place now owned by Daniel B. Hughes ud N. C. Price, conjointly ud running thence North eleven degrees 'and fifteen minutes West (by old courses of 1855 or 59) twenty-eight perches to a stake in the marsh; thence North j eighty-one degrees West one hundred ' ud eleven perches to Delaware Bay; thence along' Delaware Bay South fifteen degrees West one hundred and 1 sixty-six perches more or less to the line of the Diamond Beach Park Place, formerly Benjamin B. Hughes; thence 1 ). by said line South eighty-three degrees , and "fifteen minutes East, eighty-three rehes to a stake in the line of formerAyres W. Tompkins now said Park = .Place; thence North six degrees and fifteen minutes West four hundred and seventy feet to a corner standing ten feet beyond a black oak tree; thence by . said Park Place line South eighty-two * degrees East three hundred ud fortythree feet to a stone corner ; thence North nine degrees and ten minutes East three hundred ud thirty-three feet to a stone; thence South eighty degrees and ten minutes East eight hundred and ninety-two feet to the line ditch of said "Price and Hughes; thence I along their line North eleven degrees and fifteen minutes lAst ninety-two rods more or less to the place of beginning. Containing one hundred acres, mare or less. Being the same lot of land ud premises granted and conveyed to the said Lemuel E. Miller by deed from Samuel P. Heister and MAT E- Heister. his _ wife bearing date December fifteenth, A. D. 1890, ud duly recorded in the - Clerk's Office of the County of Cape May in deed Book 105 pages 220, and etc. Sefced as the property of Lemuel E. MUlec? defendant, taken in execution at the suit of Lewie T. Stevens, .plaintiff.; 1 ud to be -soldhv ' i i ROBERT S. MILDER, Sheriff. Dated Dec. 20J4916. .

EXECUTOR'S SALE ESTATE OF BEVERENi/ CHARLES 374 ACRE WARWICK buildings, timber. Bay water main seashore road, Cape May House, N. J., will be sold at pubBale Thursday, December 28, 1916, at 2 p. m. on the premises. 374 acres, 1500 feet front on Stone Harbor bay, large tract of timber land, fine old box wood trees, u old Colonial house built about 200 years ago, both lines of railroad run through the property, formerly the old Wm. Learning plantation. FREDERICK HERMANN, Esq., fcecutor. 2453 N. 33st, Philadelphia, Pa. JAMES F. BOYLAN, Esq., Atty., laud Title Bldg., Broad ud Chestnut sts., Phila., £a. J. A. FREEMAN'S SONS, Auctioneers, 1118-1120 Chestnut street. Phi la. Pa. 2125-2t-12-16 Best Quality ONION SKIN PAPER for manifold or copy work for sals at Star ud Wave Stationery Department -$1.00 per nam. The commercial accounts of Oape May County business men are especially welcome at the Security Trust Co., Strong Institution. Children Cry FOR FLETCHER* CASTORIA R U Superstitious | — 1 ===i I "Do Jou feinr Believe - business man. Juki bljriLS dicious advertising Always Pays 7. and especially when I you advertise in a I paper thai is read I 0 by everybody in its territory. W This newspaper reaches the Yye I of everybody who might be a I possible buyer ia this section. ■ w 1

8 AFTER MARCH 4TH G Foresd Ih Press of Coopsslonl BuImss. — c COUNTRY DEMANDS ACTION F Shippers, Investors and Representatives of All Branches of Business Demand Unification of System of Railway Regulation — Roads Ask Fewer Maateie. Washington, Dec. 18.— The Congres £ atonal Joint Committee on Interstate y Commerce, which has been conducting Q the Inquiry Into government regulation . ud control of transportation, last week decided to suspend Its hearings on the subject ud adjourned, subject p to the call of the chairmu, because of ^ the pressure of other work before Con- n gress. According to the resolution ere- v sting the committee, It Is required to p submit a report by January 8th next e It is understood that before that time 0 the committee will ask for an exten- e slon of time and that the hearings will be resumed at a Biter date, when soiqg of. those who already have appeared before the committee will be question- s ed further and a great many others p will be beard. It Is probable, howev- v er, that the hearings will not be resum- t ed until after adjournment of Congress e on March 4th. In addition to regular v routine business the commerce committees of the two houses are charged v with the Important duty of preparing p and presenting the legislation asked „ for by President Wilson to make lm- a possible s railroad strike without pre- t vious Investigation. This will leave c little or no time for the consideration t of the genera] questions of railway £ regulation. t Country Wants 8om*thinB Dons. t Members of Congress and others i who are interested In the inquiry un- { dertaken by the Newlands Committee t Insist that there is no Intention of c abandoning It. c It seems doubtful indeed. If the f country would permit the matter to j be dropped If there were evidence of a r desire on the part of Congress to do , so. The nation-wide evidences of Interest evoked by the Initiation of the ( Newlands Inquiry show that the peo- ( pie of the country— shippers, consumers and Investors, as well as railway men themselves— are alive to the fact that the railway situation Is highly unsatisfactory and that steps must be taken without unnecessary delay to | make It possible for the railroads to 1 meet the growing needs of the nation. 1 ■ From reports received here It seems , as though almost every commercial or- 1 ganization and business interest In the I country were engaged In studying the ■ railroad question. The Chamber of | 3 Commerce of the United States has 1 i been conducting an elaborate Inquiry 1 r Into various phases of the subject for 1 r many months past Many local and < - state commercial bodies In every part 1 of the country have committees en- ; gaged In study of the problem and : have Indicated a desire to come here 1 f and present their views. National or- '• 'j ganlxatlons of manufacturers, lumber- 1 1 men, coal operators/ wholesale and re- . tall dealers, have expressed through 1 j resolutions their desire for the unifies- 1 tion of the system of railway regulation. The National Industrial Traffic League, speaking.- from the viewpoint i. of shippers using the railways, has Indorsed exclusive federal regulation providing It is accomplished lm such a l- way as to give full protection and prompt adjustment In matters relating L to transportation within the states. Many Interest* Studying Problem. All these organisations represent prill msrlly the Shippers of the country, bat t they are not the only ones who are t taking a hand In the discussion. TM investors of the nation, through their own assortatlons and through commite tees representing the savings banks and other financial organizations, are preparing to show the necessity of lmprov- " lng railrcad credit and protecting the rights of those whose money is invested In 'railway securities. .Finally the railroads themselves, being Vitally concerned In the Improvement of existing conditions, are planning to submit their views through their executives, operating officials and traffic experts and to assert their willingness to accept farreaching federal regulation along lines . that will enable them to attract capital I and to provide the facilities needed for I the prompt and efficient handling of I the country's transportation business. I Main Trouble Is Too Msny Masters. Not all of these Interests are In accord as to the remedies that should be adopted. There seems to be a general agreement, however, that many of the difficulties which confront the railroads and which make It Impossible for them to meet the requirements of the naItion's commerce promptly and satisfactorily arise from the haphazard and often conflicting measures of regulation that have been adopted from time to time by the federal government and the forty-eight states and that what ^ needed Is a well ordered, systematic 'scheme of federal regulation that shall cover the whole country and make It possible for the railroads to.provide the extensions and Improved facilities so tiaffiy needed, while at . the same tlms ' protecting folly lhe~ public Interest*. '

nWNFIKUIP RY • unnLRonir oi ' THF POVFRNUPNT . ■■ ■ Rtrlnds CcnslttM lis Ylws m BilUW SanlraL PREFERABLE N ' Regulation Should Net' Be Allowed to Exotude Exerelee of State Authority, Ho Oontonde— Thinks Railroad 8 locks Should Rapreaant Actual Valuo and Bo BteMa as flm u ainsat " Bonds. «. Washington, Dec. lL -JJFnUam X who startled the country tan ago by advocating government ownership of railroads, appeared before the Newlands Joint Committee an ' Interstate Commerce last week fta support of the claim that the states shouM allowed to retain authority over the regulation of all transportation Knee within their bordere. Mr. Bryan explained that he had long regarded government ownership as Inevitable, but only because of railroad opposition to effective regulation. Against Government Ownership. "Personally 1 cannot say that I desire government ownership," he- explained, "because I lean to the individual Idea rather than to the collective Idea; that. Is, I believe that government ownership Is desirable only where competition is Impossible." Alfred P. Thorn, counsel to the RailExecutives' Advisory Committee, previously had presented before the members of the Newlands Committee one^Jf bit reasons for urging a betbalanced and more systematic regulation of railroads the argument that this Is the only alternative to government Ownership. Calling attention to the restrictions Imposed upon th* lines by conflicting state and regulations, to the practical cessation of new construction and to the Impossibility* under existing conditions of securing the new capital needed for extensions and betterments of railway he warned the Congressmen that unless they provided a fair and reasonable system of regulation that would enable the railroads to meet the growing needs of the country's busithe national government would be compelled to take ever the ownership of the lines with all the evils attendant upon such a system. Preservation of Competition. Mr. Bryan, on the other hand, holds that the further extension of < federal authority over the railroads would be step In the direction of government ownership. He advanced the view that the centralization of control In the of the national government would Impose too great a burden upon the regulating body, would offer strong temptation to railroads to Interfere In politics and would encourage the general movement toward centralization of power in the federal government at the expense of the states. He said that he did not object to consolidations of railroad lines so long as they did not destroy competition, that he knew of no complaint against great railway system^ because of their size and that he believed thatt^e preservation of competition was the test to be applied to all consolidations. Regulation sf Ssourltlss. Mr. Bryan declared himself in favor of national regulation of railway stock and bond Isaacs, bat added that be saw no reason why that should exclude the state* from acting on the same subject as to state corporations. "I would like to see the stock of a railroad, as long as It la In private hands, made as substantial and aa unvarying as the value of a government bond." be asserted. He suggested that railroad capitalization be readjusted to equalize It with actual valuation of the property represented. making due allowance for equities, and that when this was done tb4 roads should be allowed to earn sufficient Income to keep their stock at par and to create a surplus. The latter, he tentatively proposed, might be allowed to amount to 25 per cent of the capital. Railway Earnings Low. This subject of railroad capitalization and the amount of railroad earnings received further attention from the committee during its recent sessions. In answer to questions by 8enator Cummins, Mr. Thorn submitted figures showing the net earnings of the roads in recent years. These figures show that during the five years from 1905 to 1810 the average net earnings were 5.25 per cent of the oet capitalization, while' for tie five years from 1910 to 1915 the average was only 4.56 per rent The total earnings on the stock, computed by adding to the net operating Income the Income from the securities owned and deducting bond Interest were for 1910, 7.09 per cent; for 1911, 6.17 per cent; for 1912, 4.97 per cent; for 1918, 5.94 per cent; for , 1914, 4.06 per cent; for 1915, 3.44 per cent thus showing an. almost coptln1 nous decrease throughout this six year period. It was announced that Halford Erickson, formerly chairman of the WlsconAn Railroad Commission, would submit more Complete Information xm this subject to th*: Committee ■M BWtWsw.jyfv.'sS'.'Ai -