davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-23
railroads..
-AEERIc.'e GREATEST HaiLRoAp.~
n ElW YORK
CENTRAL
~ HUDSON RIVER R.R.
& HUDSON RIVER r. r.

From Grand Central Station. aga Street.
Fastest train in the World stops at Albany. Utica
syracuse and Rochester. Due Buffalo 4:io p. M
0:3O 4. M.@Daiiy Fast Mail for Poushkeepsle. Al
bany Utica. Syracuse. Rochester. Buffalo. Niagara
1880 A. MCCOY SUNDAY. Day Express. For all i'm
, .oo roTtant New-iork state points 70. Column
bus, Cincinnati. Indianapolis and St Louis stops
at Poughkeepsie. Albany Utica. Syracuse. Roches-
100 r. M-Dnily. Chicago Special for Detroit. Cleys-
land. Toledo and Chicago stops at Pougnkeep-
ST.. Albany schenectady. Utica. Syracuse. HocheS-
$3.50 T. M~Except sunday. West Point Poughkeepse.
.. Albany. Troy. Saratoga. . n.,.o,,
43O T. M-Daily. North Shore Limited. Due Detroit
SO a. M, Chicago 4:3O p. m. stops III A'"a"''
GOO :c MSy For 5"@g Troy utica haSe
Niagara Falls. Cleveland. Toledo. Detroit Chi
o25 MI fSpa For or Trays SARATOGA Burlington
NO. I'attsburg St. Adams and Montreal -, 1,.
1880 p MDauy. For Bunao. Niagara FAILS CleVs e.
land. Indianapolis. ST. Louis. Chicago. stops a.
900 r M~baily carries c.'l stepping Car passengers
only. for points on Fal Brook Railway VIA Lyons
on5 M6Sily for Syracuse osysgo. wa ,st;sH%
0gdenaburg Buffalo Niagara rails C ,ey can.
vincent fisa2 and the A %a% Sf Rc1 1'
SoG on an c6 r c' avS a ns
sunday night. SUNDAY nights Albany and Chicago
goo a. and nt: 3? p bay except Sunday
sae'd va Harlem Division, si,.aa.,, ~, ~. perk
'a XII H YI "a H2Ts TN 9Iy rs 9oyKrns
Au nsS aa1 un i be9esn IS and point.
gDp% 2'" 5 as ar as H9 sa an n lin. SHns
night t,lns out q New-Yoik.
wagner Taiace cars on all through trains.
s Broadw4v u PARK Place 2el as Broadway 81 Eos
l2;ih-st. ana l3s,h.st station York 1913 and 72e
iulf,7-s' and 1906 broadway Z. D. brooklyn. v.,,
Baggage CHECKED from hotel or residence ny the west
G GonH I;N X. %To i'G'}Y' GEORGE II DANIELS.
Gn.erat Manager General Passenger Agent
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-23
RAILROADS..
RAILROADS.
PENNSYLVANIA
III
RAILROAD.

stations foot OF DesO.OSeS and Cortlandt StreetA
G 1890 MfT tfI e R'tgs
tom car Ssp1s Dining mns sna Is
Louisville ll5o A. NJ. st. Louis 800 T. NJ. and Toledo
200 +. VI: CHICAGO AND ST. LOUIS EXPRESS.
vile AND S cseaso and Dsns Cars 70 5 a. NJ s.
Go ss'i NJ wk SsfsHS ' EsxFFaMsspuan Sleeping
az sv' 81 + sS}RT Ssss Psss 5
aHS nns Cars No. to naanaS. ans 5 S
500 3 Pacific 81 s's GHI.H., css
10 flt'sDurS Connects fer Chicago daiiy anu N'e'e
saa sMsxs a AND THE sog 70 10 90
congre,siona Lin all Parlor and Dinnc car'2 20
s SS+ s sas Sa sa cs 60 PsinS
Dining CAP 40 Dining Car. dining Can p NJ.
SOUTHERN RArLwAY-a2o P NJ. daily. s,spe Ts to
As espsl st and Tampa ss S and Ho;
s9ngs r. 10 night daily seepers to Ne"-oF'can' ana
A 5ays spd G9 s. Aa hISh sc S 80
sonSe go M da g rr seesers to Jacksonville and
cHEsArEAKE & OHIO RAILWAY. Express 800 P. 81
r DID P Po s eo6 2Ta an. bnSs via Cap.
sIeepe. S'P'e d a. ~ week days. and VII"
ATLANTIC CITY. 10 p NJ weekdays. Through Buffet
For S@ CAPT bIH15 k.sry r ocssg
Pleasant $40 A. NJ. 1910 $40 10 and l9o y ~
week DAYS Sundays stop az In,c-laken ior ''7D'''
PaglO. 9.i5 A. ". 5l5 p.
FOR PHILADELPHIA. ,o,o mia,
GO 12o. g $50 30 90 Penna. lineo i" ~ ~ ,,n
ing Cni). II 4 NJ. -. 30 3 SO ~ %" 70 ,D NJ
ing Car. Dining carr Dining Car. IoD. o. y r. ~
r. night Sundays. Gi5 $50 900. $50 90 idT T,
10 II 4 NJ. Dining carr go I. 43D 80" 'Dih,ns
Carl. Dining Carr. Dining can, 40 > T. NJ
II. II night %.
Ticket Offices: Nos 433 ga 1896 1922, III and 2Si
Rroadvay. Astor House. and foot q Desorosses ana
Corilandt Streets; Court Street. $50 futoa stree 30
broadway. Brooklyn Annex station. foot OF Fulton
street.. Brooklyn: Station Jersey city The New iork
Transfer Company will call for and check baggage from
hotels and residences through TO destination
s. NJ pfrVOST j. K WOOD
General Manager. General Paasr Agent
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-23
UNLISTED STOCKS.
BANK STOCKS.
Closing Il
Bid. Ask.

Appended is table OF the current quotations
Of city bank stocks. together with their par
value: ..,.,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-23

A.-A.-A.-
THE NEW
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-23

RradStreet's' for the week has this 10 say
on the condition of traffic returns: the year
1898 provcd more favorable to the railroad IN
teress Of the United States than was PROMISED
at the beginning. Improved general trade
which became manifest early in 1898. was re-
nected In railway earnings as the year a17
varced Total earnings of 134 compaiics, nearly 81
per cent OF the total gross railway earning ca
paciy Of the country, aggregated $'oi'ooo'ovV
in 1895 an increase over 1891 of 6.3 per cent,
while net earnings aggregated S2S6.UOOOO an N
crease of 80 per cent, Deter pIopoi ,'oI,g i,S
outturn of net than gross. Compared WITH
1898 however, earnings OF the ldentlcal com
panies show a falling off for 1898 OF 90 per cent
gross and 3.3 per cent net Compared WIN
1894 Central Western trunk lines ana Eastern
and Central Western roads show heaviest gains.
The smallest increase in gross IS SHOWN y! 'he
Southern roads IN net. heaviest increases are
shown by Central Western Granger ana "a
chc groups. the smallest increase being thaI Oh
the Eastern and Central Western ROADS. IeE-
haps the best example Of the progressive char-
acer of the increasing earnings may De salh
cred from the fact that gross earnings AZ tic
end Of the first quarter OF 1879 were ohly 10
per cent in excess Of the Ike totaI Tor IN'4' ny
the end of the first half OF 1873 the increase NO
become SO per cent at the end of the third
cuartcr the increase was 90 per cent, ana the
Increase for the entire year was 6S per cehl.
The same movement heid SOOu III HSt e'cH W
a greater extent r,
lowing synopsis OF the business Situaloh' Inc
restoration of the Treasury reserve mas Den
effected with remarkably little monetary ais
turbance though stringency in many Inarhc's'
Crea Ter elsewhere than here. and create: In com
,ncrcal than IN other loans has somewhat re-
tarded business The rapid rise IN the prlce
of bonds strengthens public confidence Nhlie
money markets are growing easier as IdP!ui!
rs could be expected after the Withdrawal Oh
over SO 600 900 from unemployed funds, the ex-
Dec,ed activity in commercial loans uoeS ~.
apDear as offerings are small. prompt actoh
of the House on the silver bill has helped 10
Increase foreign confidence in American securi-
ties though London buying has taken on pai-
ance only about 100000 worth or s'ochs -
Industries and trade were more active, ana the
need Of commercial accommodations as Sie'. o.
i'm previous good years at this season. their
curtailment would have been OF consequence
but in no important branch OF business Is mr.
vet apparent much disposition to expand. fur-
chases TO cover several months actual con
sumption were made within few weeks on r's-
ing markets last fall distribution to consumers
has been slow and reductions in prices haNe
NOT brought a renewal OF such buying IF'Ces
~ commodities as whole, are now AT 'he
lowest average ever known. though oAly nan
of | per cent below the average OF Selteiiiu,
Q 1885 Hides, leather and their proouctS;
textile goods and iron products nave deciru
much since that date. and meats are "'S'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-23
ELECTION NOTICE.
THE MIssO,R Pacific t.ILWAl co.
Cipi0cn0 Notices.

NEUTRALITY-SUSPICIOUS.
OFFICE or BROOKLYN WHARF AND WARElIOl 81
COMPANY. Cs BROAD STREET.
New York February 10. 1890.
rINIIE BOARD OF DIRECTORS have this day
J. declared a dividend 81 SIX PER CENT % per cent?
o. preferred stock. Series 49,. of the Brr,Nlyn
Wharf and Warehouse Company. from the earnings o ,f
Company Tor tie ending On January -. lo'p
n. an Nah lSn6 IT, tho stockholders ~ record At thf
time Il closing the tnnsfer books .,.,. - n
The books VIII be closed AT 'lr'c ,'p,N ~
February 81 lsJG and opened at nine ''o'N ~ '''
March 2, 1895. .. . ,-..., r,roosursr
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-23
THE STOCK MARKET.
Saturday. February c2-p. n

To-day being holiday all the exchanges,
hanks and business houses were closed. For
convenience Of readers yesterdays closing
arjces on the Stock Exchange are reprinted:
THE GENERAL LIST.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-23

AVAYNAH LINE. OCEAN ). :. co
- Tr, weekly from a. N H. foot Of spring St. Tues
days, THURSDAYS ana satur1aSs AZ - '' f0' ''es"'
and passage apply to -, =, NJ, r.. A..
ID Hashagei. Il. A.. W. r. hne't, zen Ast.
B. " Ry. POI B'way. Cent H. H.. ~ - way
r. L. Walker. Agt. j. l. Aaams - r; A.
g. n. SQrre Mgr. J. =. becawlth q " q r. ~
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-04-01
1T Is MORE
ECONOMICAL.

Work by a Trust Company, as a rule, will
be done more economically than by an in
dividual. Having a volume of such business
and making a business of IL. with famil-
iarity with forms and methods and through
decentralization, it can afford to do work for
less than the individual. who may have only
one such case in his lifetime and whose ex-
~perience must be gained, as experience
usually is, by paying for 1t. The principle
of cost in this is measured just as are the
profits of our great mercantile and manu-
factrsing establishments, which can afford
to do a vast aggregate and variety of bust
ness at a rate that would not permit a small
dealer to live.
A further advantage, and no small one. lies
in the fact that the maker of a Will can ar
range with a Trust Company In advance its
rate of charge for services. so that he may
know exactly what the settlement of his es-
tate and the execution of his trusts will cost,
and can. if he chooses. make that a part of
his instrument. In pr )v!ding an income for
dependent or Maynard children during life,
or for daughters whose husbands may be
improvident, this is a consideration that no
man can afford to overlook.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-04-01
THE
Union Trust Co.
A Great Institution and the
Need For 1t.
What a Trust Company Is and What II
Does-Better and Cheaper Than
An Individual Agent.

AS the needs of society develop and its
relations become more complicated. the ma
chinery of business must keep pace with
them, If prosperity Is to exist. Changing
conditions demand a change of instruments
AS in all production and manufacture, the
rude tools give way to improved ones, rap
able OF doing many times the same work
In an equal period and of doing * much
better, so In the conduct of business, simple
methods are superseded by more effective
ones. Management to De successful must
conform to the spirit and progress of the
age. Rules and arrangements which at one
time seemed to he the perfection If ineeru-
iy and which are thoroughly successful, in
complish little. if, indeed, they be not the
direct cause of failure. A primitive COM
munity largely dependent on itself and Law
ing only a limited with others
can do well with few facilities. 1t needs no
bank, for example. a strong box or safe
place for the concealment and preservation
of valuables answering all purposes. But
as Ii grows there comes the need of greater
or concentrated capital, which is met 10y the
establishment OF a bank that gathers up
the surplus and savings of the community
and putting them into one reservoir. is able
to turn fruitful. streams into The cndnnclS
of business. aiding this and that valuable
enterprise which IN the previous oon1'ton
could no. have been undertaken 1T all. As
other needs arise the system of banking
must be enlarged to meet their occasions,
for the lending OF money to a village trader
or small manufacturer Is a very different
thing from advancing millions to build a
railroad or'tO carry on the purposes OF gov
ernment in it's various forms.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-04-01
USES FOR
THE LIVING

These are some of the advantages a Trust
Company offers in the disposition of estates
by death. 1t has many other uses. however,
by the living. in which this same rarma-
hence and financial responsibility are of
great value. In the settlement of estates by
voluntary assignment OIL. receiverships. where
disaster and difficulty have come upon inii-
v.duals. firms or corporations. its efficient
methods and means have been very bene-
fetal and its success marked. When 1t is
necessary to close up a business, ii can be
done with expedition and at a minimum Of
cost; where gain can be made by delay the
Company has the ability to provide the nee
essary means to preserve the property and
the business. 1t can. pay off immediate
claims, labor or other preferred debts, and
it has not infrequeptIy-. happened that a
breathing spell obtained in the hands of a
capable CONSERVATION, has resulted In putting
the business on its feet again, or has greatly
increased the dividend to the creditors.
AS a trustee under a deed OF mortgage
when made by individuals or corporations
covering a period of years, its permanence
and stability are equally essential. As a reg
istrar of stocks and bonds, guarding against
fraudulent transfers or overissues, Ii pos
sesses a confidence no individual can have.
In the making of Investments, the large cor
poration managed by a number OF men from
different walks of life, with large experience
and thoroughly acquainted with values and
standards of all sorts Of property, is mani
festly superior to any single person, no mat
ter how we'll equipped
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-04-01
A TWO-FOLD
BUSINESS.

H
The province of a Trust Company is two
fold: First, what is called the Trust depart
ment; second, the Banking department.. The
first IL the real object of its existence, but il:
could not be carried out successfully without
the second. The one is dependent upon the
other for the means and stability which shall
make 1t effective and worthy of the public
confidence, without which it cannot live. The
trust department undertakes to do for people
all that an individual does in a simpler form
of society. 1t acts as an agent In all forms
of business and relations of life, where the
individual Is incapable of acting for himself.
II ne is sick or compelled to leave his home,
It will take care of his property; II ne is de-
ranged or drunken, 1t will act as mis-
guardian; If ne fails in business. 1t will be-
come his assignee or receiver: Il he dies, 1t
will administer his estate, be the guardian
of his children and act as his trustee in the
case Of any dependent, benevolent or other
object he may have provided for. In short,
It undertakes the management OF property
and the administration of business affairs in
all the forms that require an agency, so long
as mary men are of many minds and human
conditions differ. This is its raison d'etre,
as the French pitnily put 1.-THE object Of
its being.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-04-01
HI FUNCTION OF
SURETYSHIP.

Trust Companies in Indiana and some other
States are authorized to do q surety business
and may become bondsmen for amy guar
dian. executor. administrator. assignee. re-
ceiver or other trustee. or any public officer
or agent. or any officer. agent. servant or
employee of any person, firm or corporation"
This is a great desideratum TO the business
world, for every year il becomes more and
more difficult TO make an individual bond,
many men wisely refusing to make them
selves liable for obligations, they cannot con-
troll or oversee, and being unwilling to ask
favors which they will not bestow. II is a
common stipulation in partnership agree
ments that neither partner shall go on a
and rarst be made. there must be a provision
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-04-01
INDIVIDUALS
AND ESTATES.

The superiority of Trust Companies to in
diviGuals Is easily demonstrable. Take, for
example. the disposition of a persons es-
tate under a will: In determining this, the
makers first thought Is to secure some one
who will execute its provisions fully accord
ing to his intent. Naturally, he looks among
his friends or relatives to find one who has
the ability required and whom he can trust.
In ninety-nine cases In a hundred he will
pick out a man who has managed his own
affairs successfully. and the secret of whose
success lies in his undivided attention to
them. He is competent because he gives his
whole time to his own business, and he has
his lands full. IL he accepts the trust he
enters a new field and has TO give time and
thought to IL, which he can i'll spare and
for which he feels he should be well paid.
He would be likely only to accept such a
work In case OF a large estate, where Ii
might not be a serious objection IL the costs
of administration were large. Small estates
he could not afford TO bother with. But, sup
posing he consents 10 act, the maker OF the
viii has no assurance that he will live TO
do So he may be dead in a month or six
months: he may lose his health and be COM
PEELED 10 remove 10 a distant State. Then
who VIII take his place? Probably some one
appointed by the court who may be totally
unknown TO the maker of the will, or who
be the last person he would have Sc
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-04-01


drawers ETC., In search Of moonshine whis-
XVI Would you accept an amendment 10
provide that these seizures be made by due
process of law?" 4
That would simply be to notify the Of
enders that the officers are oming. re-
piled Mr.. Sayers.
Mr.. Linney. in support Of the Tate move
ment, declared that no fund expended in
sacred or profane history, and, excepting
the thirty pieces of silver received by Judas.
mad been put to such base use as this APP
propriatlon for the pay Of informers.
Mr. Mccall, a member of the appropria-
tons committee. vigorously attacked the in
former system and urged the Republicans
eff the North to abolish it,
Mr. Cannon, chairman OF the appropria-
tons committee, argued against the amend
ment. He pointed out the great temptation
to eyade the law where the tax on the prod
uct OF a bushel OF corn was about s., and
insisted that this fund was essential TO the
detection Of violations of the law
Mr.. Layton called attention TO the fact
that the opponents of this appropriation
came from the ''moonshine district of the
South" BY means Of this appropriation,
said he, LOO Illicit stills were, last year, de-
stroyed.
The amendment was lost-24 to Il.
Mr.. Johnson, of North Dakota, attacked
the appropriation OF $40, 500 for the support of
the Indians on the island of st. Paul and
St George. Alaska, but his amendment to
strike 1t out was rejected.
After completing fifty-two pages of the
bill the mmitt rose and, at sos ID. m,
the House adjourned.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-04-01
THE TRUST COMPANIES
ADVANTAGES.

In opposition to this is the permanence of
the Trust Company. 1t is a corporation Gre
ated by the State, and its life never ends.
The maker of the will can rely upon this
with almost absolute certainty, for while
1t is possible that a Trust Company may
be mismanaged and fail, the chances of its
doing so are very few. 1t is not only SUBJ
ject to the supervision Of the courts that
an individual receives, but also to the in
spection and regulation of the State, whose
duty II is to correct or close its business
when not legally or safely conducted, in
which latter case not on.y its capital, but
an equal amount for which its stockholders
are liable under the law Of Indiana. will
De available for ~the<payment OF its obliga-
tons, a provision more than likely to meet
any requirement. Its permanence may be
reasonably counted on, and ifNthat continues
its financial ability continues. 1t must be
rich and stay rich," as has been aptly said
by an incisive writer on the subject.
To this condition of permanence attaches
advantageous qualifications which no indi-
vidual can possess: The Trust Company will
neither get sick nor take vacations; it will
always be at its office attending to business;
1t will not be subject to family or political
influence; it will keep it's accounts sys-
tematically and report regularly, and must
have the learning, the experience, the discre-
ton not only of one man, but OF a number
of the most successful men in the commu-
nifty" Where, for family or other reasons,
an individual Executor or Guardian Is de-
sired. one can be appointed to serve In con-
junction with the Trust Company.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-04-01
r
CAPITAL REQUISITE.

TIC DO this successfully 1t must have large
means. These are necessary, first to give il
the stability of financial responsibility, and
second TO render 1t able to carry out its I'M
dertakings. Men will not confde important
affairs 10 ii unless they feel assured 1t has
these qualities. Courts will not confide TO il
important duties or accept il as a surety un>
less they know that the interests intrustee
are fully protected from loss.
IT will be called upon to make large az
vances to save the estates of persons or cor
porations, or 10 secure the greatest result 10
creditors. Hence a large capital is required,
which Is not only a wall OF protection in IL
self, but also a guarantee that the selfish in
terest involved by that means TO benefit itself
will see that its business is done efficiently.
The handling of this capital and the funds
trusts and deposits, necessitates its second,
or banking department, without which its
trust department could not be-. The sort OF
banking done is not, however, the usual gen.
eral or commercial banking, which, indeed,
is prohibited by some States, Indiana among
them. The Trust Company does not buy OF
sell exchange, does not discount commercial
paper. does not lend money on personal Sc
curity or make advances on bills or lading.
Ii lends only on real estate or approved col
laterals as security, and usually for a longer
time than a bank does. and Its loans are not
limited In amount. While experimenting the
field of commercial banks by advancing capt.
take care of, the Trust Company becomes In
a wide sense the supporter and ally of these
banks, instead OF a rival. as is sometimes
imagined. 1t aids them in increasing their
available capital. for Trust Companies are
frequently the best 'eposito7s the banks
have. as it is their rule not 10 keep money
in their own vaults, but to deposit Ii with
the banks. Where deposits are received by
Trust Companies, they usually come from
a class that the banks cannot get or do not
waiting for investments, constituting a class
OF inactive accounts which often are not
profitable and sometimes are troublesome to
the banks, but which can be handled 10 ac-
vantage under the rules or Trust Companies.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-04-01
u COMPANIES
A PUBLIC

In a primitive society where trusts of any
sort are few and simple, and where general
acquaintance insures publicity and a high de-
gree Of responsibility. If not Of honesty, it is
very easy to have them administered capa-
bly, by individuals. But as cities and States
become rich and have teeming populations
and a multiplicity of interests, a vast num-
Der of wants are developed which call for a
more perfect machinery in taeir conduct.
Carelessness, inoompetency and extrava-
gancs, not to speak Of downright dishonesty,
unjust be prevented by establishing methods
which shall be governed by exactness, capa-
bility, economy and honesty. 1t is this nat
ural demand that has led TO the formation OF
Trust Companies in this country, and which
has made their existence a public necessity.
Were proof of his assertion demanded. 1T
needs only to point to their uniform success
and the vast volume of business intrusted TO
them. They have become one of the most
powerful Instruments in business, conducting
affairs of enormous importance and intrusted
with the most sacred and binding duties