davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1899-07-19
NEW. YORK AIR BRAKE WINS.
A. FINAL DECISION AGAINST THE WEST
INGHoUsE COMPANY.
rHF. REMARK ABLE RISE IN THE STOCK OF THE
VICTORIOUS CoRPoRATIoN-AN EARLY
DIVIDEND LIKELY.

THE REMARKABLE RISE IN THE STOCK OF THE
VICTORIOUS CoRPoRATIoN-AN EARLY
DIVIDEND LIKELY.
The long expected opinion in the suit or the
westinghouse Air Brake Company against the
New-York Air Brake Company. for alleged IN
fringenent Of patents. was handed down yester-
day afternoon by the United States CIRCUIT
Court Of Appeals. which decided In favor OF
the New-York Air Brake Company. Soon after
the latter company was organized and started
in business, in the spring of 1890. 1t forwarded
to the Westinghouse Air Brake Company de-
scription of the air brake proposed to be manu-
factured by It under its patents, and the latter
corporation promptly began an infringement
suit TO restrain the New-York Air Brake COM
pany from proceeding under those patents.
The case came up before Judge Wallace in the
United States Circuit Court here, who decided
II in favor Of the defendant company. An ap-
peal was taken by the Westinghouse company
to the United States Circuit Court Of Appeals.
composed of Judges Lacombe. Shipman and
Thomas, and that tribunal, the decision OF which
in cases of the kind under discussion Is final.
has just affirmed the decision Of Judge Wallace
upholding the validity OF the New-York Air
Brake Companys patents
The stock OF that company yesterday touched
223, the highest figure ever reached by IL, Dut
subsequently reacted heavy profit taking
sales closing at 213. net decline for the day
OF points. The stock has had notable ca
reer, from the extent Of it's advance and from
the persistent faith with which 1t has been
held by its earliest friends prominent among
whom the late Ex-Governor Flower. These
men bought Il at the beginning. when 1t could
be had at 80 A year ago it had risen to 90.
and since then its progress has been rapidly
upward, It's friends through thick and thin find
Ing in it's phenomenal appreciation in value a
rich reward for their confidence in the final out
come of the litigation with the Westinghouse
Air Brake Company.
The New-York Air Brake Company is New
Jersey corporation. capitalized at S5.OO0.OO0. It
has at Watertown, n. Y, the home Of the
late Ex-Governor Flower. a factory in which
LOO men are employed. and which is said to
have orders hand which will keep IT busy
TO its full capacity for many months to come
II Is generally understood that the stock will
soon pay a good sized dividend. and it is the
impression in Wall Street that consolidation
Of the Westinghouse Air Brake Company and its
now firmly established rival will before long be
brought about
New-York tribune., 1899-07-19
STATE COMMERCE CONVENTION AT UrIoA
IT WILL BE HELD IN THAT CITY. BEGINNING
| ON SEPTEMBER "a

1T WILL BE HELD IN THAT CITY. BEGINNING
ON SEPTEMBER "a.
AT a meeting of the special committee Of the
Board OF Trade and Transportation having IN
charge the holding of a State Commerce Conven-
ton, yesterday afternoon, Utica was finally DECIDED
upon as the place for holding the gathering. The
date fixed on was Tuesday September 70. The con-
vention will probably last three days There has
been keen rivalry among the cities and towns IN
the upper part of the State for the honor OF wei
coming the convention. Claims were put forward
h, Utica Syracuse Binghamton. Buffalo. James
town. Elmira, Niagara Falls and Saratoga the
contest narrowed down to Utica and Bnghamton
A vote was taken OF the boards Of trade through
out the State, and preference was expressed for
Utica . ,, -,
The object of the convention is TO consider all
matters relating to commerce and manutactures
and incidentally the laws and usages or business
The Improvement of the water fronts of New York
CITY and those of Staten Island and Port Norris
together with the channels to those points, Will
also be discussed. well as terminal facilities at
New-York and Buffalo. and the charges for grain
elevation at these points.
New-York tribune., 1899-07-19
IRON INDUSTRIES UNITE.
BOLT AND NUT COMPANIES WILL CEASE RI
vALRY


Reading Penn, July Is (SpeciaD.-The interested
parties this afternoon gave out the details OF the
consolidation of five separate industries which TO-
gether employ nearly four thousand men. 1t Is one
of the greatest combinations effected In Eastern
PENNSYLVANIA this year The firms are the bolt and
nut works of J. H. Sternbergh Son, at Reading;
the Lebanon Iron Company. comprising the roiilng
mill plant In Lebanon and the National Bolt, Nut
and Rivet Works. OF Reading; the pennsylvania
Bolt and Nut Works. OF Lebanon, and the East
Lebanon Iron Company of Lebanon. They VIII
unite under the name and style of the American iron
and Steel Manufacturing Company. with ample
working capital paid in for the prosecution OF the
business.
The several plants above mentioned VIII be taken
over by the new company September j, or as
soon thereafter as practicable. Others are TO De
purchased later on. Directors of the new company
will be chosen from those now connected with the
present organizations. and the officers OF the new
company and the location of the general once Will
be determined later; .1,,,,s g., ,ess ord
now gives employ TO over twelve hundred men
in the manufacture of bolts NUS rlvets' hei
bar iron etc The Pennsylvania Bolt ana Nut
ufacture Of the same line of goods and now EN-
ploys about FIVE hundred men, The Lebanon iron
COMPANY and the East Lebanon Iron Company
were organized for the manufacture OF merchahI
bar iron, and now employ ABOUT three huhneu
each.
These several establishments have heretofore
find II to their mutual advantage TO consolidate
their business interests for the purpose or erecting
numerous economies and more perfectly developing
their machinery and methods or manufacture ana
the domestic trade and increasing the growing
trade in foreign countries.
New-York tribune., 1899-07-19
o,BR1Ey & CLARK CASES APPEALED.

The Appellate Division OF the Supreme Court
yesterday granted an order permitting appeal TO
be taken to the Court of Appeals in the cases OF
the old firm Of O'Brien & Clark against the city.
While Francis NJ. Scott Corporation Counsel
an agreement was entered into between that arm
and the city for the settlement Of the claims for
extra work on the aqueduct Judgment was
taken with the consent OF the city against the city
for 10000 The present Corporation Counsel, how
ever went to the Special Term to get this Judg-
ment set aside. The Special Term denied the mo-
ton, and at the May term the Appellate Division
affirmed that order. The Appellate Division based
its decision upon the belief that considering all cir
cumstances 100000 fair compromise. Some
of the witnesses upon whom the city relied were
dead. and II was not certain that II the came
to trial the city would have pay a much
larger sum- 1t from this decision that the
city wished to appeal. but under the law the con-
sent of the Appellate Division had to be obtained
before an appeal could be taken. That consent
was granted yesterday.
New-York tribune., 1899-07-19
THE COTTON DUCK CONSOLIDATION.
MOUNT VERNON wooDBERRY COMPANY TO Re
INCORPORATED, WITH se,5Oo.Ooo CAPITAL

MOUNT VERNON wooDBERRY COMPANY TO RE
INCORPORATED. WITH se,5Oo.ooo CAPITAL
Baltimore July IS (SpeciaD.-The Continental
Trust Company, of this city, II was reported to-
day had succeeded In forming the syndicate 10
underwrite the issue of 100000 per cent first
mortgage bonds and ssOOO,OOo per cent income
bonds Of the Mount Vernon Woodberry Cotton
Duck Company. The owners OF the mills that
have been absorbed by the new corporation Will
underwrite ss,5OO0oO Of the new securities leaving
s65OOOOO to be underwrtten by financial institu-
tions and brokers. New-York, Boston, Phila-
delphia and Baltimore banking houses are inter-
ested-
The Mount Vernon Woodberry Cotton Duck
Company is a consolidation of fourteen cotton duck
mills situated In different parts of the country, in
Guiding four operated by the Mount Vernon com
pany five operated by the Woodberry Manufactur-
ing Company (Wam E. Hooper Sons) and the
Laurel and Franklinville mills, OF baltimore
County; the Tallahassee mills. of Tallahassee,
Fla: the GreenwOOds Company, Of New Hartford
Conn and the Columbia mills of Columbia. S. G;
The company will incorporate under the 6 laws OF
Delaware, with a capital stock Of s9,5cOCo Rich
ard Cromwell, president of the Mount vernon
company, will be president of the consolidated
company. The combination Will absolutely con-
troll the cotton duck output of the United States.
New-York tribune., 1899-07-19
CONVENTION or INSURANCE AGENTS.

convention Of the agents Of the Equitable Life
Assurance Society will be held In this city Mon
day, Tuesday and Wednesday OF week TO
celebrate the fortieth anniversary Of the society
Delegates from all the States and Canada will be
present These delegates earned their right to repre-
sent their districts by competition, which resulted
In the writing July g. OF policies in excess OF
100000. unprecedented record in the history Of
the life insurance industry.
The convention will end with dinner TO be held
on the night OF July 8 at the Waldorf Astoria. at
which there will be present six hundred delegates
The dinner will be presided by James w
Alexander president of the society Addresses
will be made by Bishop Henry c. Potter, ex-(ioy-
Secretary Bliss and ex-Judge Rowland. upon the
various phases commercial and philanthropic pre-
sented by institution Incorporated by the Legis-
iature Of New-York. which annually distributes to
policy holders more than S24 10000 carries a risk
OF more than N.0o0.0000o on the lives OF It's mem
New-York tribune., 1899-07-19
GROCERs SIGN FACTOR AGREEMENT

majority OF the members Of the Wholesale
Grocers' Association Of Pennsylvania. New-Jersey
and Delaware have signed the factor agreement
This agreement provides. among other things, that
each factor shall deposit $500 with the association
a pledge Of good faith. such deposit TO be for
feited on proof that the factor has sold sugar at
less than the regular prices II is understood that
the refners not parties to the agreement.
When the old factor plan in force. the
fners paid rebate 10 the wholesale grocers Of
three-sxteenths every three months. When the
secure business, the rebate withdrawn and the
plan In many States was declared dead. There has
been change IN the plan since then. The agree
ment just reached by the wholesalers In Pennsyl-
yania. New-Jersey and Delaware is simply
agreement among themselves.
The American Sugar Refining Company has
nounced that the ninety day guarantee will be
extended to January L
New-York tribune., 1899-07-19
bers. and acts as a trustee for property which
approaches nearly S00.00000.
CENTRAL WANTS A BIG REDUCTION
MANY APPLICATIONS MADE FOR A REVIEW
OF ASSESSMENTS.

MANY APPLICATIONS MAIZE FUN n 'e'''N''
OF ASSESSMENTS.
large number Of writs OF certorar TO reVe"
the assessments made personal ana real prop
erty Ivy the Commissioners OF Taxes and ASSESS
ments were issued by Justice Andrews In the su-
preme Court yesterday. Among them were the
following:
The New-York Central and Hudson River Rail-
road Company whose real and personal properly
In the boroughs OF Manhattan and The Bronx was
assessed at SO s94 S05 asserts that all the real
property owned by II In the city has been over
valued The roadbed OF the Central Is assessed
at g. 725 900; that of the NewYork and Harlem
Railroad at $5s20Ooo: that OF the spuyten Duyvil
and Port Morris company at $1,000, and that
of the New-York and Putnam Railroad Company
at $4,000 The latter lines are leased by the New
York Central company. The Grand Central Sta
ton is assessed at g 10000 II Is stated that tho
assessment on the roadway OF the Central should
not exceed 81 O00, 900; that of the New-fork ana
Harlem s. 10000; on that OF the Spuyten DuyNl
and Port Morris company, S3,0O and on that
of the New-York and Putnam company. SU.W;
II Is asserted that the assessment on the Grahd
Central Station should not exceed 2,5OO.Co, ana on
other real estate $.GD.On
The United States Projectile Company asks that
its assessment on personal and real estate be re-
duced from 100000 to $ll94l3 "a. A reduction on
the Victoria Hotel property from sl,l2o.Do to SSW
is asked. 1t is asserted that the assessment tor
hotel has now been vacant for four years. Anna
T. Il. Kirkland wants the assessment on her prop,
erty at Columbus-ave. and Sixty-elghth-st.. and
on Nos. g. 6S TO- 2 and u West Sixty:eighth-st'
reduced from $4,000 The Nederland Life In
surance Company says 1t has no taxable properly
here but has been assessed AT sl17SO. Mary A
at Broadway and Thlrty-seventh-st. reduced from
$4,000 to A55,0oo.
New-York tribune., 1899-07-19
RECEIVER FOR AN ELECTRIC COMPANY.

Charles T. Dustin has been appointed temporary
receiver for the Excelsior Electric Company whose
office is at No 15 Broadway. this city. and factory
at No. 19s 10 26 Willoughby-st., Brooklyn by
Judge Chldersleeve, Of the Supreme Court. The
application made by the following directors:
Charles T. Hughes. w. s. Brayton. Irving s.
Keeler. Charles e. Dustin and Clarence r. Dean,
in proceedings for the voluntary dissolution of the
corporation II was said that the company
pressed for payment and had available funds to
pay its debts carry the business. A judg-
ment for $3.72 in favor of the General Electric
Company taken against the company some
time ago. The total liabilities 1920 62l, OF
which H66,00 are bonds secured by mortgage on
all its effects. The company incorporated In
August, 1881. with a capital stock OF 10000 In
May. 1885, II came under the control OF the Cen
eral Electric Company, which put In Charles Il.
Dustin as president and treasurer
The receiver is authorized TO continue the busi-
ness IN order TO work up the materials hand
at the factory. The order TO show cause
set down for August
New-York tribune., 1899-07-19
NEGOTIATING FOR IRON MINE.
THE IRON HILLS OF CoRNwALL--IM-
MENSE ORE SUPPLY.


Lebanon. Penn. July Is CspecaD.-It was learned
to-day that negotiations still pending between
the Pennsylvania Steel Company and the Cole
mans of Lebanon. for the purchase or lease Of the
great Cornwall iron mines. situated near
Lebanon and owned by the Colemans. The COM
pany has its iron works at Steelton. where
four thousand persons are employed. Nearly all
the parties concerned admit that the deal is in
progress. but they declare that the details have
not been agreed upon. One of the men interested
in the management OF the Cornwall ore hills said
this afternoon that, If consummated, as is prob
able, At will be of the biggest things OF the
year.
With the Cornwall ore to draw from the works
at Steelton could be enlarged TO almost any size
and the output Increased proportionately. This is
what the directors Of the company said to be
contemplating. II is understood that the company
is only after the right. This. if secured, will
put II in a commanding position among the great
iron concerns of the State. The Cornwall property
embraces 1900 acres and 15o years ago was bought
for song 1t has made millionaires of score of
men. Already over twenty million tons Of ore have
been removed from these deposits, and the produc-
ton now going on is greater than ever before.
These are the busiest days for the Cornwall mines
since the high tide of the iron trade in the Civil
War days. The colossal furnaces all in full
blast. The supply is only regulated by the demand
If ton of ore were exhausted elsewhere Corn
Jnand for is beyond all precedent. Train after
train Of simply back in, receive their loads
and depart There is no underground mining. The
black Is simply blasted out from the uncovered
hills This colossal deposit Of ore is just as IL
three tiny iron planets mile in diameter each. had
Ibeen dropped from the clouds and with tremendous
q mile of each sticking out. These are the three
Iron hills of Cornwall.
New-York tribune., 1899-07-19
SILVER FROM SOUTH AMERICA.

ORE AND PIG SILVER ARRIVE AT PHILADELPHIA
FOR THE FIRST TINE.
Philadelphia July 1S-What is probably the first
cargo Of silver and silver brought from the
west coast of South America TO an Atlantic Coast
port Of this country has reached here the British
steamer Kentigern. Slowed away in her hold are
Is 239 sacks of high grade and COO bars Of pig
silver, valued at $4,000 besides assorted
cargo worth $4,000 more. The steamer left Quay
aquil. Ecuador. on April S last. and stopped TO
pick up general cargo at various ports.
The silver from rich mines high up In
the mountains of Bolivia. which worked by
English and American miners. 1t has to be carried
many miles on the backs of mules TO Autofogasta,
the nearest seaport. The lack of smelling facilities
makes II necessary to ship most of the out
OF the country. but II is said to be rich enough to
stand the added expense.
There is no record in the Custom House here Of
any imports Of silver ore to this city from South
America. and no duty is imposed on such cargo.
New-York tribune., 1899-07-19
TO INCREASE PRICE OF MATCHES.
THE DIAMOND MATCH COMPANY's ABSORPTION
OF COMPETITIVE FACTORIES

THE DIAMOND MATCH COMPANY'S ABSORPTION
OF COMPETITIVE FACTORIES.
Chicago July Is (SpeclaD.-1t is announced that
enough Of the stock Of the Diamond Match Com
pany has been deposited already to insure the exc
cution of the plan 10 increase the capitalization
from s11 0O0O 900 to S15OOOOO0, for the purpose Of
taking over six seven of the competitive fac
tories Proxies for than two-thirds Of the
stock have been sent to the secretary Of the com
pany to be voted in favor OF the increase and un-
doubtedly considerable amount more will be sent
In before the meeting is held, on July 81.
It is announced from the inside that the company
has already arranged to take the cheap competition
matches off the market. and that IL has raised the
price on some OF It's other grades. Earnings are
said 10 have been considerably improved by these
changes. IL is stated that both George and Edwin
Gould will be on the Board Of Directors when the
Continental property has been formally taken over
by the Diamond Match Company and the new stock
has been issued In payment, Edwin Gould having
the right under the agreement by which he sells his
plants TO name the two men for whom room Is to
be made the Board by increasing the number
from five
New-York tribune., 1899-07-19
TIE SHOE MACHINERY TRUST.
SIX COMPANIES ABSORBED AND OPTIONS ON
FIVE OTHERS SECURED.

Boston. July 1S.-"The Journal" to-day says: THE
completion Of the Standard Shoe Machinery Com
pany has been officially announced The capital
stock is $4,000, of which s2,0oOooo will carry
fixed cumulative preferential dividend Of per
cent and the balance common stock. Six COM
panies already have been taken over and options
are held five others.
1T is stated that the policy and purpose of the
Standard Shoe Machinery Company will be to re-
duce the present royalties collected by the United
States Shoe Machinery Company. The officers are
as follows President Charles B. Berry. vice-pres-
ident and general manager or the Portsmouth Shoe
Company; ce-presidents, Thomas G. Plant, Bos-
ton; r. F. Spencer, st. Louis; Charles II. Krppen-
dorf, Cincinnati. and ]. B. Cousins, Brooklyn;
treasurer and general manager, H. r. Rothheld,
Woodward Manufacturing Company Boston; Ex-
ecutive Committee, Charles B. Perry, Thomas g.
Plant. II. f. Rothfed and B. F. Spinney.
New-York tribune., 1899-07-19
MoLAssEs TRUST NOW UNDER WAY.

The result Of a number Of meetings at an uptown
hotel is said to be the Molasses Trust with a
capitalization of 100000 Among the projectors OF
this consolidation are some prominent New ORR
operators, including Taussig e. Hobart. A. n mat
tox and c. L. PearsalL +. Mcintyre, OF Memphis
Tenn was also active in forming the combination
which includes a number Of Southern dealers IN
molasses The legal representative of the combina-
ton A. l. Fox, said yesterday that details would
be forthcoming In q few days
New-York tribune., 1899-07-19
BANK OF NEW-ENGLAND IN TROUBLE.

Manchester. N. H.. July lS.-Justice Peaslee. Of
the Supreme Court, has decided to appoint as
signee for the Bank of New England. OF this city,
which has been in difficulty for some time. The
trouble primarily due to the failure Of the
National Bank of tho Commonwealth and the
Derryfed Savings Bank. OF this city. few years
ago. The Bank Commissioners state that the saw
ngs department Of the New England Bank owes
depositors Nl.928 and that its real assets amount
10 S07S3 In the other departments the liabilities
are SO 900. due stockholders on account OF capital
stock, with actual assets of l7,4l0.
New-York tribune., 1899-07-19
PETITIONS FILED IN BOSTON.

Boston, July 1S-Nathanial NJ. Jewett, a Cam
bridge lumber dealer filed bankruptcy petition
to-day in the United States District Court The
schedules show total liabilities of $s9SS1 09 Assets
are stated nominally at 500
Addison B. Rice. of this city, and Edward Rice.
now Of Pineville, KY, formerly trading as Rice
Brothers, in Providence, filed bankruptcy petition
to-day The total liabilities OF the firm sched-
uled at $63 l07 S. with no assets.
New-York tribune., 1899-07-19
LOCAL BUSINESS COMPLICATIONS.

George S. Diossy, Robert d. Diossy and Charlotte
NJ Diossy, doing business under the style Of the
Diossy Law Book Company, publishers and sellers
of law books, at No. 23l Broadway, made an as
signment yesterday TO w H. Powell The business
was started in l847 by George S. Diossy, grand
father of the present partner Of that name. The
Sheriff made levy on July II. George s. Diossy
said Yesterday that the assignment due TO dull
business, and that all creditors would be paid in
full
George NJ Sheppered. who has livery stable In
West Chester ~ Y. has confessed judgment for
s2075 in favor of Daniel Mapes, jr.
New-York tribune., 1899-07-19
WILLIAM sHERER ON A VACATION.

William Sherer. manager of the New-York Clear
ing House Association. left town yesterday for a
vacation OF two weeks. Accompanied by Mrs.
Sherer. he will make tour OF the Great Lakes and
return by way OF the Thousand Islands. In his
absence the affairs Of the Clearing House Will be
directed by Assistant Manager Gilpn.
New-York tribune., 1899-07-19

David Gutlohn. employed at No sS Greene-st..
has filed a petition in bankruptcy with liabilities
of s123, $50 and no assets. He was formerly OF d.
GutlOhn e. Co., manufacturers OF furs at No. lis
Mercer-st. and also In Philadelphia.
New-York tribune., 1899-07-19
TREASURY DEPARTMENT, office SnpervIs.

ing Architect, Washington. D. c.. July 14th 1890.
SEALED PROPOSALS will be received at this office
until o'clock r. NJ. the 10th day of August 1899
and then opened all labor material required
FOR the ornamental iron work OF the buildings at
the L. S. Immigrant Station. Ellis Island. New York
in accordance with drawings and specification. which
VIII DE furnished the discretion Supervise ng
Architect application this office. the office OF
Boring Tilton. Architects. 30 Broadway, New York
City. JAMES KNOX TAYLOR Supervising Architect
New-York tribune., 1899-07-19
PETITIONS IN BANKRUPTCY.

Louis Celler jr., adjuster at No. 4s Cedar St.
has fled a petition in bankruptcy. with liabilities
Of COL and no assets. The debts contracted
chiefly by the firm of L. Ceer jr, & Co., manu-
facturers Of cloaks and suits, formerly at No. 1898
Broadway, which failed in December, 1887
New-York tribune., 1899-07-19

Frank l. Gray, doing mail order business at
No. rs West One-hundred-and-t twenty f1fth-st and
at No So West Broadway, has filed petition in
bankruptcy, with liabilities of $13,42 and assets
New-York tribune., 1899-07-19
ROARD AND ROOMS.

--,<s.~r~Dc~N~>~N|~>>->>| ->>|0~-1N"ooN~~-
LARGE FOURTH FLOOR ROOM; run
ming water; closet; hall room. with large
closet: references. 81 West Sith-st
New-York tribune., 1899-07-19
RIsINESS CHANCES.

I0(|,.|0lN0(N0000O"-I'| eN|N1Nl|| 49,
ACETYLBNB GAS APPARATUS'-Per-
feet lighting. cooking, heating: every
purpose, style. capacity. agents wanted.
LANCASTER. o5 LIberty-st.