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Newspaper
Waterloo Evening Courier
Location
Waterloo, Iowa, United States of America
Date
Aug 03, 1914
Page
6
English hesitate to take the sword in hand Belgium refuses to accept the ultimatum of Germany offering agreement in cane Former agreed to facilitate movements of the German army Consequence is invasion of Belgium by German troops
Reports of looming coalition in the British Isles accompany a widening European crisis. German troops occupy Luxemburg and Belgium while Britain prepares for possible war measures. Belligerents clash as neutralities are tested, with Kitchener poised as war minister and emperors maneuvering along Belgian borders.
Washington August 3 Increases in freight rates on all railroads west of the Mississippi are being prepared for submission to the Interstate Commerce Commission. The report notes anticipated rate hikes in western lines as transport costs rise and regulatory review proceeds.
The record notes that the real strength of Great Britain and Ireland, excluding colonies, exceeds France. It adds that Russia’s naval power is likely negligible compared with others, while Turkey’s naval efficiency is questionable.
Chicago board of trade today showed resilience as wheat prices barely rose, hogs plummeted up to 50 cents per hundredweight, and cattle remained steady while sheep and lambs had scant receipts. Flax futures on the Minneapolis Tyulush board fell sharply, prompting a trading halt.
The House committee reported a bill to empower the president to suspend certain prohibitions against foreign ships entering American register and thus prevent paralysis of trans Atlantic shipping with no opposition.
The senate authorized the secretary of the navy to establish naval lines to carry mail passengers and freight to South America and Europe. The bill moves to the house for action.
A patchwork of dispatches shows Aug 3 reports: Britain preparing to mobilize. Italy declaring neutrality. Russia and Germany clashing at sea. Belgium suspends business after a law. Beloved Brussels notes a German note rejection. Belfort frontier raids. Drina river fighting with Servian volunteers blocked by Austro-Hungarian guards. US Steel considering ships to move exports. Britain extending holiday and suspending bills. King George telegram appeal and British pledge of defense to France. Major powers monitor and respond as crisis deepens.
Berlin reports calm mobilization as crowds gather at rail hubs and army requisitions rise. An open pit religious march near the Bismarck Monument accompanies the event while police note imperial limits on demonstrations. Bavaria Saxony and Württemberg mobilize under Emperor William. Grand Duke of Mecklenburg-Strelitz and Duke of Brunswick join the field with reserves called up and state support promised.
New York reports 40 to 34 million dollars of emergency currency arriving from Washington loaded onto 20 trucks for the subtreasury to ease the currency crisis spurred by the European war. Boston and New Orleans clearing houses consider issuing certificates and restricting withdrawals as banks plan to qualify under the Aldrich Vreeland act while Des Moines bankers discuss statewide adoption. The flow of gold to Europe slows but Canada pull remains, with mixed effects on savings banks and overall liquidity.
Washington August 3 The western railroad managers have accepted arbitration of the wage dispute with their enginemen and firemen. President Wilson expressed confidence a strike would be avoided, stating managers would be patriotic. The plan, under the Newlands act, calls for arbitration and restoration of pre October 1913 rules and regulations. The federal board of mediation was notified of the favorable outcome.
In remarks to Washington correspondents President Wilson says the United States has offered no mediation for European peace and urges Americans to avoid rumors and panic. He notes no cause for alarm, emphasizes financial steadiness, and calls for united American effort to aid the world.
In New Orleans on August 3 the captain of the French line steamer Issippi received orders to unload quickly and report to the French consul general. The consul general declined to discuss the order. The consul is enrolling hundreds of French reservists and volunteers.
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