davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-20
CRISIS OVER IN BOSTON.
BROADWAY BANK AND J. ?. SQUIRE *
co. EXPECT TO RESUME BUSINESS
BROKERAGE FIRM FAILS

Roston Dec l9-The day in this city opened with
the failure OF A prominent brokerage hrm ana
closed with a large attachment filed against TWO
Of the three leading members OF comome III
copper stocks Nevertheless. It is generally believed
that the crisis has been passed and that panic
has been averted.
The unexpected good showing OF both the Broad
wav Bank and J. p Squire & CO., coupled with
the announcement that each would PROBABLY con-
tinue I'm business with only little loss to creditors
had most reassuring effect. while the generous
offer OF the Clearing House. together with good
nous from Ney-York did much TO clear the air OF
apprehension.
That only enc firm that OF Daway Starr
sbould have succumbed when Boston's pet copper
stocks kept falling ten and twenty points each day
and that this failure was delayed two or three
DAVIS are also matters OF congratuation among
the local dealers for 1t is generally admitted that
had the suspension been announced on Saturday
or had not Sundays breathing spell interviewed
only the most stringent measures could have STAYED
off \ manic at least in the local copper market
None of the banks to-day availed themselves OF
the Clearing House offer OF certificates TO help out
any shortage of money, while Bank Examiner
Wing Of the Broadway Bank stated that there
was every reason 20 believe that the institution
would be on its feet again within Few days
Neither were there any failures among the local
provision dealers the result or the squire as
signment and It is believed that the big pork pack
ing company will also be released from the hands
material loss to any OF its creditors
Assignee Hovey, OF Dillaway Starr the stock
brokers reported late this afternoon that the fail
ure was due solely to the decline In the value Of
stock OF the United States Mining Company. the
combination of copper companies made last win
ter through the efforts of Edward A. Clark Will
lam H. Coolidge and Charles H. Cole. Of this city.
n the mining company turns out all right Dill
away & Starr will undoubtedly continue in bust
ness and the firm is especially gratihed with the
numerous offers OF assistance which were received
during the day. -
An attachment against Messrs Clark and Cool
Idge OF the United States Mining Company, was
filed this afternoon by Emery & Tucker, a prom-
nent Safest. brokerage firm. but no declaration
OF any suit accompanied the document.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-20
p1-uOR ABOUT THE GAS WAR.

The sharp advance yesterday afternoon III Co,,,
sodated Gas stock. which closed AT 49, me- So
49, a., ~ IN nolnts started rumor that the
ia ~ tho long war OF the gas companies was IN
sight. George F. Baker John D. Rockefeller anu
samuel Sloan we're in conference at noon al inc inc
offices of Mr. Sloan and it was surmsed ina. gas
,,s Tho euhiect of their discussion. MI Baher'
seen later AT the First Natioal Bank sald mere
is no change I'm the gas situation, ana cannot az
count for the rise in the stock 49,, ra,.o. sa,d
In answer 70 a direct question MT. BAKER saIH =
the meeting in Mr. Sloans office MAS Heet,is "a
The Delaware Iackawanna and western road anu
had no connection with gas. Mr.. Sloan sal9 . INA
he knew of nothing in the gas war ana IND, I
ne Guild not account for the rise in the stock The
advance was attributed on the moor OF lhe otoV ,
Exchange to an urgent demand 10 coNel an 'u'
standing short line of stock
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-20
BUILDING CODE Reform.
GOVERNOR PETITIONED BY CERTAIN
BUSINESS REPRESENTATIVE NOT
TO TAKE ACTION

BUSINESS REPRESENTATIVE NOT
TO TAKE ACTION.
Albany Dec 1s-Judson Lawson Frank f. Con-
over James II. Ravens. Louis Harding and John
r. Leo composing n committee from New-York
City representing the Builders League, Building
Trades Club, Mason Builders Association. Master
Carpenters Association and the New-York Lum-
Der Trade Association, waited on the Governor to-
ment being made to ask the Legislature to ap-
point a building commission to prepare new
building code for the city of New-York Among
the principal reasons advanced that such action be
not taken are the following
years there has been considerable uncertainty an |
unrest in the building trades. caused by the pro-
visions of the charter which directed the appoint
ment OF a Building Code Commission by the Mu-
be lack Of knowledge as TO what provisions or
requirements would be inserted in the code.
That it is self-eyident proposition that II ia
unfair unjust and nnwLse to place laws upon our
statute books that would tend TO curb the in
vertiva genius of the engineer the architect and
the builder while It is that discretion may be
not reason why an executive should be made a
mere machine.
While our political affiliations are I'm direct o2-
position TO the dominating party in our city to-
day yet in the works of the Code Commission
We cannot find trace of party advantage, and
we deem the code fair and just one for the pro-
lection of all citizens and proper conduct for build
Greater New-York has cost us heavily in taxes
been the right OF home rule; that will not
be taken from Under the charter this code
may be amended as found necessary from time
to time by the municipal authorities, and we
the test Of practice for at least the same time as
the charter OF our city.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-20
a-.a ,ho,sand dollars at from to per cent

dred thousand dollars at from to per cent
near the close
Prominent bankers yesterday were scepuea'
about the reported loan at 1856 per cent on Mon
Say saving that no one had been found VINO
had borrowed money at any such rate. me run
ming IN of call money rates 10 ioV ana n.e"e !,
they attributed largely to the pancky s'ale Vi
mind OF the borrowing brokers. who In thelr fA-
element were bidding all sorts OF prices 'iI'
money so that the course Of loan rates was ~
together erratic. a., L.,. ,ras
Fer instance" said one leading bank pres 81
dent they brought MS word on Monday ina. 'o
WAS being bid for call loans and we sent Ihones
In 10 be loaned at the prevailing safe. pu,
was placed at a.. A little later came woro .n u
iOO ner cent was bid and we put out rur'n IrsI
EMMY which was taken up at 20 Men IN ,lie
sane crowd were making bids twenty-five anu
more points apart 49, a.r,,oorcv and
Another cause given for the stringenCy anu anu
che consequent shooting upward OF odI
lies II was asserted in the street was
the TACT that not a few operators borrower
large sums early in the day at per cent ana
little over thus materially decreasing the sup
H. and reloaned this money later on az yer!
Inch higher rates still third reason was tha'
LTD aboye-the calling OF loans by trust com
nenies ana their refusal to make new loans
during the day
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-20

h .. serious defeat OF General Clery' neipeu
the depression in prices though the BANK OF Hns
land freely discounted thirty day Dills AT pei 49,
and apparently there was no particular press",'
in Lombard Street. But for the uncertainty
Ing the war the money market. II was saiu, co''u
well take care OF itself The present eAcha"ee.
favor London and there is no necessity apparent
FOR raising the bank rate. unless actioh VI
forced by the Bank OF France. Even then 'he III
pression is gaining ground that the BANK OF Eng
land under the present serious conditions IL not
unlikely to raise the rate
Previous to Yesterdays semi-panic there had I'M
doubtedly been large liquidations. But II Is oe
,,oa ,hat those we're anticipated, and to some
extent prevented serious diffculues az tue heN'
After the weak official closing American securi,
ties rmer on hs a5s rose M the
fcial closing price South African securities also
hardened somewhat ,,..Sor, panL
Limited n comparatively small concern was an.
nounced to-day The directors issued ,, siateme,'
sertions regarding the bank which have appeared
in the press and showing that its assets should
This better feeling here was not little due e,t to
the impression gained from rlpa rbbed IN NewYork
overnight 20 support the market and prevent re.
currence OF yesterdays panic 1t is hardly thought
that the rise in the German discount rate will cause
corresponding increase OF the Enghsh panK rate
Paris. Dec. 1s.-Prices tho Bourse to-day
opened weak The fall in consols and the rise In
the bank rate caused sales in all departments
Later the sales ceased. and the feeling became
hrmer A sharp relapse followed on weak prices
I'm London and the assumption that the rise Oh
the Berlin Bank rate would be followed by n Hmi-
lar measure upon the part Of the Bank OF England
and the Bank OF France and the anticipation OF
dearer money. Selling then became indiscriminate
and prices weak.
Berlin Dec. 19-Yesterdays slump In New-York
the fall in consols and the increase in the rate Of
the Reischs Bank co-operated TO cause uneasiness
on the Boerse here to-day, and large liquidatons
led fall In prices. but they partially recovered
covering purchases.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-20
ACCEPTING SECRETARY CAGES OFFER
MANY NATIONAL BANKS APPLY FOX DE
POSTS OF PUBLIC FUNDS.

MANY NATIONAL BANho Al -
POSTS OF PUBLIC FUNDS.
Washington Dec 19-The Secretary OF 'he
Treasury to-day received n number OF Applications
from National banks for deposits OF pubic iuhus
under the announcement OF last night. Inc iaisei
number OF these applications came from Ne"-io'N
and other Eastern cities. Under the secretary
offer cash will he transferred TO Natlonal panN9
on deposit OF United States bonds to their par
yoIuo except on 81. on which 90 per cent VIII De
allowed and 2s on which 20 per cent WI" ne
allowed This Is an old rule, and IS lhtehueo ~
secure the Government from possible loss os iea
son OF temporary excess OF cash on manu- o'',
hords on denosit AS the receipts from intenhdda
revenue do not average quite Muc@ Gay, ~ LII
not exnected that the effect of the new oruer WIZ
he felt for some days to come. . ,.,. "a
I, il said that in making allotmentS OF lu ", honds
Danartment will discourage the purchase OF poi NJ
on the mart of banks seeking dep0sils' ioi -
reason that II the banks should go INTO the M a.
tot for this purpose II probably would put w ~
nrice which would be against tne nI,ei,eS g. ,ho
nnrchase OF about 100000 now remaining W. ~
offered under the Secrctarys recent propoo''i'" ~
purchase S2o.pDVO 1870 49,. mount NJ bonds
which had been offered by Nationai oahs e. 900 oOo
"uritv for public deposits was about sio,vs"VvDV,
TtasSs annlicatIons came from all parts OF INC
country. ~, vor,, to-dav intro
Renresentatve Levy OF New YORK toLudf lmti
,,cad In the House bill TO amend the - IseNioSu
Stotu,es 10 permit the Secretary or the lteda.;,
To deposit in his discretion customs b. Sec
H. Nj ,onaI banks and providing that me ga
rntarv shall establish rate OF interest 70 os pdd
nv National banks on all moneys depos'e" WIN
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-20
THE FOREIGN MARKETS.
WEAKNESS FOLLOWED BY a BETTER FEELING
A BANK FAILS IN LONDON.

A BANK FAILS IN LONDON.
London. Dec l9.-While news from the seat
Of war is awaited with nervous apprehension one
OF the largest operators expressed the belief to-
day that the feeling this morning was stronger
and that unless very bad news came from the
front there were no signs pointing 10 further
panic.
The transactions the Stock Exchange to-day
were again not marked by any serious amount Of
liquidation. There was plethora Of offers 10 SELL
but buyers hard 90 find. Consequently many
shares were marked down. though not 10 such
on extent as yesterday. The lack OF actual trans
actions greatly due To the feeling that the
largest houses will do nothing until 1t Is known
whether not tho French bank rate will he raised
it Is believed in quarters that II this occurred
the Bank Of England would follow suit with re-.
suing increase in the gravity Of tho situation and
further depreciation Of values. However al tho
close the impression prevailed that the Bank Of
France would raise It's rate, though II would be
definitely known until tomorrow.
AT the opening absolutely unfounded rumors.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-20
Reed & Barton,
SILVERSMITHS,

Direct attention to their wares in
Sterling Silver, made under per-
sonal supervision of the Artists
who designed them, by skilled
silver workers; thus each piece
is perfect and each set is in abb
solute harmony.
These wares embrace many
useful and decorative pieces,
especially appropriate as gifts
for Weddings and the Holidays.
Al Union Square, N. Y.
8 Maiden Lane, N. Y.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-20
PORT JERYIS BANK SCSPENDS.
INABILITY TO REALIZE ON IT'S SECURITIES
TIE SE-NITHDRAWAL OF DEPOSITS.

THE WITHDRAWAL OF DEPOSITS.
Port Jervs, y. Y, Dec. 19.-The National Bank
Of Port Jervis suspended this morning. The direct
held a meeting at O'Clock. and the fol-
lowing notice attached TO the front door:
Whereas. This bank has been unable to realize
upon It's securities. so as 10 provide FUNDS AZ once
for the immediate use of the bank: and
Whereas. Some portion of it's funds has been rem
deTed unav aable by the failure of one of the de-
postories in the city OF New-York ...+ ---
Resolved. That this bank forthwith close Its
doors and suspendoth transaction of business tenn
porariy and unite such time as It can realize the
necessary funds. .vi0r
In an interview President Marvin stated that the
defalcaton of Assistant Cashier Goldsmith was
the primary of the suspension. quiet but
steady withdrawal Of deposits had followed. ana
Yesterday the failure of the Produce Exchange
Trust Company which was depository OF the
banks funds still further crippled II. The con,
dtion OF the bank shows ample assets to pay all
depositors Continuing Mr.. Marvin said:
The cause of the suspension Is simply the IN
ability to turn the bills receivable into cash on
the Instant 80 as TO meet immediate demands. IL
IS hoped the period Of suspension will be brief
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-20
nEposIToRs TO BE PAID IN FULL

Atlanta. Ga Dec. 19-Robert j. Lowry, president
of the Lowry Banking Company. has received a
dispatch from J. Shelton Williams director IN
the Produce Exchange Trust Company, whlch sus-
pended payments yesterday. saying there Is no
doubt every depositor will be paid in full. Mr..
Willlams's telegram continues;
believe the stockholders can realize from SloV
~ 5000 a share. Should the company be nquidateu
oiick assets are sufficient to enable the committee
10 nay go per cent within ten days II they thlhK
proper to do so.
It's understood that many Southerners are inter-
ested in the company, both as stockholders ana
depositors President Bea IS from Virginia and
Vice President Scudder is from Texas.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-20
TIE sEARoARp AIR LINE CONSOLIDATION

THE SEABOARD AK LINE CONSOLIDATION.
John Shelton Williams. president Of the Sea-
board Air Line at the Wadorf-Astoria yester-
day. In reference 20 the Seaboard Air Line sys-
tenn and the Produce Exchange Trust Company he
made tho following statement:
The suspension OF the Produce Exchange Trust
Company will have no effect whatever upon the
carrying out OF our plans for the consolidation OF
the Seaboard Air Line system. with associated
lines and the unhcatlon OF this system. which will
comprise more than twenty-five hundred miles Of
road and form the shortest line between the North
and the South. The connecting links. which are
now rapidly approaching completion, viii be opened
up next month.
lied roads has ever borrowed one dollar from the
Produce Exchange Trust Company. and the total
amount OF money which the Produce Exchange
Trust Company has loaned 10 both the Seaboard
Air Line and the Florida Central and Peninsuar
Syndicate combined 10 less than $4,000. Thess
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-20
HENRY ALLEN & co. HOPEFUL

At the Office Of Henry Allen g. Co. No Il Wall
ST. the firm of brokers which suspended on Mon
day. II was said yesterday that the firm had no
formal statement TO give out In regard to the
pension Mr. Allen was confident, however. that
the favorable turn I'm the market would hasten the
reha Utilization OF the firms finances.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-20
DECLARED TO BE IN CAPITAL SHAPE
STATEMENTS REGARDING THE INTERNA
TIONAL BANKING AND TRUST

When President Kimball of the Seventh National
Bank. which Monday issued a notice saying
that 1t would after yesterday clear for the In
ternatonal Banking and Trust Company, seen
yesterday afternoon in reference to the action OF
his bank he said:
Our action was not intended as n reflection on
the International Banking and Trust Company.
They a solid concern, and met every one Of
their obligations to us promptly supposed
they would. But r matter OF fact. OF our
directors have objected to doing clearing bust
ness for any other bank, matter how high its
standing, and notice to the International was
the result Of tho conservative view OF OF our
directors general lines.
President Stewart Browne OF the International
Banking and Trust Company gave out this state
ment yesterday Of the condition OF his bank at fhe
close OF business on Monday:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-20
- -onrx n.11v rR7717N7, WEDNESDAY, DECEMBEK 10 1913

,oans are however backed by ample s as they
viii ~ course be promptly proyinesY ,ro,orehand
mnture IL they should not be paid on Deio' e""
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-20
TWO FAILURES REPORTED IN PITTsBUF

Pittsburg. Dec 19.-George b. White, tanner of
Hyndman Bedford County. Pennsylvania, filed a
petition in bankruptcy in the United States Dis
trict Court to-day. placing MS liabilities at S1'l'-
200 and assets at $500. 80, f.,
Albert L. De Roy, ticket broker Of this city
also filed petition in bankruptcy. Liabilities
$4,000 assets, $i5J.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-20
RESOURCES.

President Browne added: This bank is in CAPT
tai shape. There has been no run on us. and no
trouble OF any kind. Three Of our depositors
offered TO increase their deposits 100000 If We
needed the money. and we told them had all
the money needed and are prepared for any
thing that happen"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-20
RECEIVER FOR COLUMBIAN IRON WORKS
Ex-MAYoR MASTERS COMPANY. IN BALTIMORE
IN FINANCIAL DIFFICULTIES.

Baltimore Dec 19-Judge Phelps. In the city
Circuit Court. late this afternoon appointed Harry
4. Parr receiver for the Columbian Iron Works
and Drydock Company. Mr.. Parr gave bonds for
100000 The receiver was appointed by consent.
In the petition which was filed by Mr.. Parr It
IS alleged that in the Of the transaction Of
its business the company has subjected itself to
many obligations now aggregating between $4,000
and 500 200 including about s72,CO in promissory
notes held by Baltimore banks Endorsed indlvidu-
ally by the former Mayor. William I. MASTER
president Of the company: by Christian Deyries,
president Of the Charles a. Nogeler Company
which assigned to-day. and by the petitioner.
Notes agcregating So 900, Endorsed by the three
men named and by Charles VI. Swain. Of Phiia-
delphia IT is stated held by banking instltu-
lions in the latter city
OF these notes the petition recites. about $4,000
have already matured, and others are about TO fan
due The company is insovent. II is stated, and has
M available cash to meet its obligations. In View
Of the fact that the petitioner has Endorsed large
amount OF the company paper. II is alleged that he
and other individual indOrsers are in danger oil
being made responsible for the same II Is. there
fore Of the utmost Importance to him and 20 them
that the assets of the company be protected from
the disastrous results OF an unseemly scramble on
the part OF the companys creditors .
In the answer of the company II IS stated that X
has a large claim against the Federal Government
for work done by II in constructing vessels. and
that il sufficient time is allowed 10 finish It's work
under existing contracts IL VIII be able to pay AL
that some time be allowed and that some method
be devised by which II can acquire tho money
necessary to complete its work. IL consents. there
fore. 10 the appointment OF receiver. The answer
was signed by Mr. Master. as president, and by
Samuel X Thomas assistant secretary of the COM
pany.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-20
FEAR AN ISSUE OF coNsoLs.

London. Dec D.-"Ihe DdHs
financial article this morning, says
THE fear OF large new issue or GonsoIs III
ao,htadiv overhangs the market Already the Price
az wbich the government could place them Is psII,s
discussed on Monday some leading n nanci's, :, ?
hounht the issue might be made at % festerdayg
o. scanned more like the figure at which tlooVWvv
could be sold but the Government c0ula no' P''
out a larger amount just now NJ any "su'e'
La correspondencia de Puerto Rico. (San Juan, P.R.) 1890-1943, 1899-10-22
E-LA SUBSCRIPTION DE
HLA CORRESPONDENCE"
I'm Ia Iala, por adelantado, ea como sigue:
! trlmestre e.................$2 .$2.5 so
eemestre. $5-OU
an,. $1,000
Gaceta de aver.
orden general Quartet general
No. l6O San Juan Obre. 12 1899

0A 5A
No. 1eo. San Juan obre. 70 Is ss
VIII Para tener derecho votar en- estas
elecciones sc requieren las condolences siguien
tes:
Ser var6n en- reaidad residente de
la Municipalidad.
Haber cumpldo los veintiun amos
la feoha de las eleociones.
Figurar & la fecha de esta Orden, en-
el psdron como contribuyente de Ia Municipa-
ldad en- que vota, 6 saber leer escribir. Las
personas que pagan oontribuciones insulares 8
munioipales de cualquiera clase, en- nombre
6 ell de otro, en- 81 nombre de su leg ftima es
esposa, hijo hija menor, los miembros de
alguns razon social, corporation 8 sooiedad, y
los herederos dc alguna fnca las cuales pagan
contribuciones, son consideralos como contri-
buyentes para los efectos de esta olAusula. Pc
70 los administrators, curadores, tutores,
agentes Ii otras personals que no pagan contri-
buoiones por ouents propia la de su legftima
famiia, no son contribayentes en- raz6n de ta'
les pagos para los efectos de la presente.
Haber residido en- Ia isla de Puerto.
Rico durante dos ahos embellishments anterio.
res & la feoha de su inscription los ultimos
seis meses dentro del termino municipal en- que
Sc verifcsn las eleociones; Disponi6ndose, Qae
oualquier domioiliado de buena f6 que esturle'
sc ausente de Puerto Rico durante algana par
To de los preoitados dos amos que no hubiese
adquirido oiudadanfa en- otra parte, sera consi'
dorado como residente vecino para los efectos
de este parrafo.
o A los ciudadanos sibditos de ma.
clones extrsnjeras que reunan las tcondiciones
antediohas sc les permitira votar en- las eleocio.
nes municipales, siempre que hubiesen residido
en- Puerto Rico durante oinco amos Immediate
mente anteriores la fecha dc las elecclones.
los lltimos seis meses de dicho perfodo, den
ro de la Munioipalidad en- que Sc veriican las
eleccones; y siempre que, ademas, hubiesen re-
nuncado su nacionalidad, baio juramento q.
deber& ser tornado por el Juez Municipal, un
Official del Ejercito, dicha renuncia debera
acompaf1ar la declaration dc proposito de
hacerso ciud dadano de los Estados Unidos El
Seoretario Civil hara imprimir formas On blan.
co para este objeto, las cuales proporcionarA
libre dc gastos los Jueoes Manicipales. La
declaration Sc extendera por duplicsdo; de es-
cito remitirA una al Secretario Civil para ar
chivarse, reteniendo Ia otra la persona que hu-
bese heoho el juramento. Los jueces munici-
pales quedan autorizados para cobrar veinticin
co centavos, orc americana, de honoraros por
estegservioio.
IN Todo candidate para cargo publico
debera saber leer escribir,
X Para determDar 81 los electores saben
leer escribir podra utilizarse cualGuer hbro
periodico, exigiendose al examinado que es-
oriba una mas frases al 3ictado, seguu ore
yere conveniente el Presidente de la mesa.
(Continusri.)