davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-07-02
FOR A NEW REORGANIZATION PLAN.
Circular Sent to First Mortgage Bondholders
of COMPANY.

Roland R. Conklin. Max Nathan and Jacob w.
Mack, three of the compliments on whose APP
plication a receiver has just been appointed for
the United States Shipbuilding Company, acting
as a protective committee. have sent to all the
first mortgage bondholders Of the company
circular letter inviting them to deposit their
holdings with the United States Mortgage and
Trust Company in support of a new reorganiza-
ton plan which. it is promised, will give fair
consideration to all interests without subordi-
mating your first mortgage to the present second
mortgage, and without subjectng your bonds
and stocks to an arbitrary voting trust" The
plan will be prepared after a report shall have
been made by the receiver, who, the circular let
ter says, will Immediately inaugurate a thor
ough and impartial investigation of the COM
pany's properties and affairs. the result of which
will, we expect, give a somewhat different as
pect to the value of your bonds, and which may
also explain why the Bethlehem company is not
contributing out of its admittedly large net
profits toward the Shipyards Company, so as TO
enable the latter to reduce its floating debts and
pay the interest on it's bonds"
Any depositing bondholders who are dis
satisfied with the plan when issued will,be at
liberty to withdraw their bonds
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-07-02

terday were brief. Henry wollrnan. personal
counsel for Roland R. Conklin, chief complain
ant said that as counsel at conference could
not agree on man TO suggest as receiver, he
had no suggestion TO make except that 1t was
desirable 10 have q man who was fully capable
of filling the position
TN behalf Of the defendant corporation" said
Charles c. Deming land in behalf OF the com
Inittee of reorganization. which, through cour-
tesy has been represented before your honor,
will saw that we have no one TO recommend for
the receivership, and that while we protest as
we always have, against the appointment OF any
receiver at ALL we are perfectly willing to leave
the appointment to the court"
Under the decree the receiver who shall be
appointed It should be understood, will have
al the outset" said Judge Kirkpatrick mo con-
troll over the subsidiary companies except as
they may be found in the possession of the de-
fendant It is necessary that a receiver who
shall be named for so important a corporation
possess considerable executive ability and be Of
high standing In the community. He must be
one who is on friendly business relations with
the officers of the corporation and be able to
meet Them the members Of the reorganization
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-07-02

committee and former managers OF the ship
building company on equal terms.
zone of his duties viii be to meet with these
officers and members OF the reorganization com
nnittee, confer with them. and seek to extricate
the insoIvent corporation from its present diff
culties There have been many suggestions
made as TO suitable men. but have concluded
M anpoint former United States Senator James
Smith, IT.. finding him eminently suited by his
training ability and standing in the community
for the duties to be performed"
PART OF HIS DUTIES.
II was suggested by Mr. Lindabury that the
court did not mean to say that the receiver was
not 10 look into the condition Of the subsidiary
companies and their connection with the defend
ant TO which Judge Kirkpatrick replied that he
did not Part OF the receivers duties he added
would be TO find out about such matters and
refer them 20 the court.
The fudge then accepted the bond of the
American Surety Company for Mr. Smith and
signed the decree
The formal decree directs that the receiver
shall take over the properties CT the fnsoiVent
conpany and Immediately assume the manage
rnent and operation of said properties and such
other properties as the defendant company holds
and controls or operates under lease, contract
ARRANGEMENT or otherwise, or has heretofore rum
operated or which have been or are being oper-
ated by the defendant company. and shall con-
duct the business and occupation now and here
tofore conducted by the defendant company and
shall preserve the properties, assets and effects
In proper condition and repair. and shall
fully protect the same, and employ such persons
and make such payments and disbursements as
may be needful and proper in so doing. and shall
report 10 the court"
An analysis Of the decree and the opinion of
the court granting the application for receiver
shows that the receiver viii have practically the
absolute control of the defendant corporation
and OF all the subsidiary companies.
II was argued by counsel for the defendants
while the application was pending that all the
assets Of the subsidiary corporation were held
by the parent corporation. with the exception OF
the Bethlehem Steel Works. II was also de-
naOnstrated that al the subsidiary companies
were owned by the. shipbuilding company but
operated under leases by separate management
the leases containing clauses giving the ship
building company power TO cancel them on five
days notice without appeal This power is espe-
cfallv transferred to the receiver
II was also held BY the court that by It's
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-07-02
TO ASK JEWITT's REINSTATEMENT.
Druggists to Send Petition to Secretary Shaw
That the Examiner Be Reappointed.

movement is on foot TO ask Secretary Shaw of
the Treasury Department to renstate DR.. George
w. levitt. who resigned the place of examiner of
drugs in the Seventh Appraisers Division week
ago last Wednesday. after service Of thrty-seven
years petition 10 Secretary Shaw has been
signed by practically every prominent wholesale
druggist and drug importer in this city.
Mr.. McKesson. of McKesson & Robbins in Full
ton-st., told Tribune reporter yesterday that he
had signed the petition which certified to the long
time the doctor had been in service his efficiency,
the value of his experience to the department and
Endorsed his character. Mr.. McKesson said that
there no better Judge Of crude drugs than DR..
levitt in the city
customs official who has known DR.. levitt
many years said yesterday:
This petition unsolicited by the doctor II
originated with men in the drug trade, who have
known him for a generation and is backed by the
Merchants Association. The druggists who have
had to do business with him through the customs
service ask for his reinst because his SER
vices have been practically invaluable TO them No
one has been appointed TO his place. which il will
be almost impossible to fl as the work requires
special experience. The doctor is seveRty-three
years old has always been Republican and on
every working day has invariably been at his post
from early morning till late in The afternoon
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-07-02
FINANCIAL CLOUDBURST.
Senator Ste5cart Sees Trouble an
Cannon or Aldrich Programme.
TFRoM THE TRIBUNE BUREAU.


Washington. July IA financial cloudburst Is i'm
minent according to Senator Stewart, Of Nevada
If the mo financial legislation idea Of Representa-
tive Cannon prevails this coudburst will come soon
whereas II the "Adrich idea should be carried
out and relief granted to tide present sringen
cies the cloudburst will be postponed for time
but will gather more force and be more disastrous
to financial life when it does come
When nature stepped in several years ago and
began supplying abundant quantity of gold. Sen
ator Stewart declares, the ingenuity of man
at once set to work TO devise ways and means to
utilize this gold to the limit Every industry that
could be was organized into a trust, and the
watered stocks of these organizations hoated
The energy of the trust organizers exceeded the
energy of the miners. and notwithstanding the In
creasing supply Of money it has never been able
to keep pace with the demand.
Talking for The Tribune on the recent disclosure
of the deadlock between the next Speaker OF the
House of Representatives. Mr.. Cannon. and Sen
ator Aldrich and his subcommittee OF the Senate
Finance Committee the subject of financial
legislation. Senator Stewart made these observa-
tons:
financial crash which may occur In the near
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-07-02

Bethlehem Steel Company is withholding sur
plus profits which ought also to be applied to
the purposes of the shipbuilding company, and
which. believe, will shortly be so applied TO
have procured the appointment of this re-
ceiver went into and remained in the night
from high sense of public duty and In the
face of efforts from every quarter to change
their attitude. They have been fighting for the
rights of the bondholder a class, and in that
effort have sunk their own personal interests
The cooperation of the other bondholders VIII
now be sought in an effort to protect the In
tegrity of these bonds and their first mortgage
lien.
ADJOURNED BECAUSE SCHWAB WAS
ABSENT.
Three successive adjournments were taken at
the meeting of the directors Of the United States
Shpbuldng Company yesterday. The cause of
these adjournments was the absence of Charles
NJ Schwab. The most important question which
was to have Up was the consideration of
the semi-annual interest falling due yesterday
on the S14.500OO0 outstanding 3 per cent first
mortgage bonds Frequent efforts were made to
get in touch with Mr.. Schwab, and the telephone
at the United States Shipbuilding Company's
Office was busy in the search. But Mr.. Schwab
was not found, and finally an adjournment was
taken until this morning After the meetlng
Lewis Nixon said that no action had been taken
on his resignation of the presidency.
THE directors have urged me not to press H.
and so 1t did not UP to-day SAID MT.
Nixon The directors present were Mr. Nixon
Charles R H nscom, of New-London; Charles
w Baker of this city; Joseph 4. SchWap'
Adolph E. Borie Archibald Johnson and 4. NJ
McIlyain, of South Bethlehem; Marshall l..
Rand of Pittsburg, and Max Pam, of Chicago.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-07-02

lawn and Cold Spring much concerned IN tnis
celebration is Huntington village Each village
and hamlet is to be epresented. -.
An information bureau will be m aintaiDed az tIe
office OF the Town Clerk, In NewYOrk ave, WneIe
registry book will be provided for the accemnn1o-
dalton of visitors and conveniences sGpphsd ~
press headquarters will be directly overhead, III 's
village courtroom. -
The celebration association, which has made tns
preparatios for the affair. has had prepared ~
historical souvenir book. handsomely hiuStfatsu
giving In about hundred pages complete SUM
mary Of the towns history. -, In
II Is anticipated that with fair day thefs 49, W.
be twenty or twenty-five thousand people in Hunt
inston on the Fourth. Every possible ert .aSs
ment has been made TO provide adeCuatc udi'7
portation facilities and plenty to eat ana drlhk-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-07-02
R. A. AMMoN, MESSENGER BOY.
That Is What He Was for Miller, His
Counsel Says.

Arthur c. Palmer. counsel FOR Robert A. Am
mon sentenced to four years in Sing Sing for re-
ceiving s3O5OO OF the proceeds OF the Franklin syn
dictate applied to Justice Giegerich In the Supreme
Court Yesterday for certificate Of reasonable
doubt pending an appeal from the sentence ana
also asked that Ammon be admitted TO bail pend
ing the appeal. Justice Giegerich reserved de-
cision In his argument Palmer held that Ammon
was only messenger boy for Miller. and that there
was absolutely no proof that the money that
Ammon convicted OF stealing ever belonged TO
the Miller syndicate
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-07-02
SAID TO BE AGAINST GUsTAvEsoN.
Commissioner Russell Sends Report to Mayor
on Charges

It reported yesterday that report had been
forwarded to the Mayor by William Hepburn Rus
sell, Commissioner of Accounts. recommending the
removal Of John P. Gustaveson. secretary Of the
Armory Board 1t charged that he aided his
brother. Henry T. Gustaveson. in Improperly OBJ
tanning work from the AImory Board. II was
practically admitted at the Mayors office that a
report had been received.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-07-02
Notice of Summons.


SUPREME COURT, COUNTY OF NEW
". York Carl Fischer. Plaintiff, against Arrsl- H.
1laInahh and Ernestine R. Hamann. his wife Albert A.
lttL Aauro PtzEutiello. Donate PizzuJieI-1 Conss0
E5esaIo' Saarotte 81 Kuhn, Ambrose ZWiebel Tony LIE
bones VIcsnco Boaa1o. PistrO TripoN William SIcIr-
NJ Hat NFeser and Mary kruger. his wife.
oelhg IctitlouS the Christian nzme OF SAID
defendant being unknown to the piaintff T5esa-s--s
SuttiaoAs TO the above named Defendants You ars
nSIeoy summoned 10 cor2aiat in this a-5s
aIo 70 serve copy OF your Plant rs a.
IoIley within twenty days after this
mons exclusive o. the day service and IN case ~
your IaL1re 10 appear, answer tu5Sn,err Nil 20
Sen against you BY default RELIEF demanded u
dated. New York January 9Th. 1905
RICHARD DUDENSINGf
Fost OIics Address and once No I56 Broadway
oeronsh or Manhattan New York CITY
20 NdrI Kruger and Mary kruger his wife re 1a-s
May Delng fictitious the Christ an name - sasf
G1SlSHsddht pelng unknown plaintiff Ar-b-oss
soel ana ConsiSilo Fasano: foregoing sllrlrors
SSHeo upon you BY publication. pursuant "a an order
~ ShAEtes n Ir1ax Justice OF tie SiDreuls
d the state OF New York dated the g9th say ~
June. IStS and the list day July Iass T,ai Vir1
Sopy OF the complaint. in the 81 the Cer % ths
S tt OF New York at the County Court House IN
ne Soloush oI Manhattan. City New YOrE COUNTY
AID STATE OF New York The original coaplsnt he-sa
1908. 1880 III N-s s'l dsS o January
Dated New YORK. July 1st 1903
POST o en- bsS,5RENSING JR. Plaintrs ATTORNEY.
Borough OF Manhattan. New York City.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-07-02
SUPREME CoURr CorNrY az ~

YoRK--CentraI Trust Cornpanv ~ NJ w.
Etalntn against Marion z D. Van DYKE (;eorz1R1a
Sertrude Quinn. Conrad Stein. Sarah c Snirh $50 4
quinn as executrix OF the VIII OF John Cng 5sssaf-
Joan r hf9ser Albert J. Sire. Defendants Ssr-,rrons
re! HSSrsa IN New York County. 10 TIE aSovs
named pstendantSt You hereby summoned ~ arsa-
Sne complaint In this action serve COPY ar r
on me Ftaintins Attorneys within twenty tays
AFTER the service OF this -
service and in case OF your failure 10 appear ~ sS-
relief demanded IN the COMPLAINT - ~4-'' ''' -
Dated June IL 1908
o., STEELE & OTIS. PLAINTIFFS ATTORNEYS
tan. New York $500 So -Aa-'19-
To the defendant Van TN--a
me foregoing summons served uron WI, ~ ,,Nlt-,
oIi PasS ~ 70 an order OF Hon Charles Il Truax
Iusue OF me supreme Court % the state 81 New YorS
astea June 80 istS snd nled IN the 81 ths r ~
the County OF New York July ! l9Ns 80 ~--'N -
Dated. Manhattan. July I. 1875 49,
49, -, STEELE s OTIS. Attorneys for Plaintiff
haitian. New York City. - 'O~u S'FeS' Nan-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-07-02
NEW YORK SUPREME COURT NEW

~ AN SIX NhME COURT, NEW
York COUNTY HedWig Bette Piat,ttV .-,t,.s
lanes Sanp Defendant summons Trial 10 Be 6al h
T 10Th county. To the above NAMED pefe~ianr:
fou are hereby summoned 10 answer ~c-,,,,1,-
N THIS action and 20 copy 81 vour srsrs- ~ .Ss
P.alnCus attorney within twenty DAYS sfrs- 49,. t-.
az ms summons exclusive % the day 81 ssr,i,s AZ
~ Ss ot your failure 70 appear
WI PC taSsn against BY Tor ne re,sf a.
Dated New York. April a IPNS
Attorney for Plaintiff once and Posi- One s5iress 80
5r0aa~sy. borouSh OF Manhattan, New York city.
a., W. ueteliant James Camp r-S foregoing summons
=, reS upon you BY publication pursuant order
LhuI SSIh Ffector CLARKE, % The
sR'es SeuFt S The state OF New York dated the "a
June lsSS. and with he in
once of the Clerk the Connv ~ NeN Y0rE AZ ta9
OF June. 1908. 800 ~N--'''' VI '- ~ -
Dated New York. June g. 1898
&C.,. -. -. - DAVID GALEWSkL
agency e Tor Plaintiff once Post once Address
-'o e'"S""sS' hogoush % Manhattan New York C1ty.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-07-02
Novelty GinghamS

At Qulc6-Step Prices
We still have about eighty
Choice patterns in these fine and
beautiful ginghams; and we offer
them today at new and much
smaller prices, because they should
be in your possession before the
Fourth. "
This radical action should tempt
all women who admire dainty but
serviceable summer frocks.
There is splendid variety of
patterns in artistic designs, and a
color-assortment as complete as
the first day the goods were placed
on sale.
Designs are in handsome mer-
cerized corded and lace stripes of
light blue, pink, green, navy blue
and black on white grounds; and
fancy corded and Persian broche
stripes in colOr-contrasts, on
grounds of light blue, pink, gray,
green, dark blue and black.
They will make up into the most
attractive frocks that will be seen
this season. Were 35c and 3715c-
Today at ISc and 25C d yard
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-07-02

own affidavits the defendant had proved the
subsidiary companies TO be held and con-
trolled absolutely by the shipbuildng COM
pany, the court remarking significantly;
at would seem that the shipbuiding COM
pany. it's directors. own all the assets of these
subsidiary companies and the latter all the
liabilities"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-07-02
SAMUEL UNTERMYER PLEASED.

When Samuel Untermyer was informed of the
appointment of ex-senator Smith as receiver of
the shipbuilding company. and was asked as to
his opinion of the appointment. he said
| regard the selection of the court as an ad-
mirable one and feel sure of it meeting the
approval of everybody interested in a capable
and fearless administration of important a
trust, because Of Mr.. Smiths wide acquaintance
with men and his identity with large business
and financial affairs
In my opinion, the wisdom of the appoint
nlent of receiver of this property will be
fully vndcated by results I look upon it as
the only method OF rescuing the property from
the wreck which had been planned for it. 1
have always felt that the plan of reorganization
would more properly be called plan of con-
fiscaton" so far concerned the securities
of the first mortgage bondhoders. From my
knowledge OF the situation do not consider
a foreclosure of the first mortgage as in any
sense necessary inevitable: 1 believe it will
be prevented.
II can be shown that the ship building COM
pany is earning more than enough money to
pay the interest its bonds and that the
The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1903-10-22
4 story with m M,r,I

A few days ago two farmers came te
town and both brought butter for sale
One OF the farmers had his product
pressed into neat. compact half-pouud
packages, and he readily sold II st .;
cents a pound. He said that be could
not meet the demand for his butter. The
other had his butter in a bucket. ana il
looked soft and watery. After trampine
around town from place TO place trying
10 sell he gave up in disgust and said 4,
was no use to bring butter TO town "a
sell, as nobody would buy IL. This little
relation Of facts carries with it moral.
Can you guess what that moral is?-
Palestine Herald.
The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1903-10-22
HOME DAIRY NOTES.
Success In Buttcr-NnLIng De pends on
Cleanliness and Proper Hand
ling of Cream.

One OF the most important requisites
ct good butter is perfect cleanliness.
not only in the dairy but in the milk.
ing. A careless mixer will often get
trash into the milk, that will change
favor Of both milk and butter. and all
the extra care that can he given it in
The dairy will not out root this IN
pleasant odOr. Then again there are
weeds which the cows set hold Of which
will give a most unpleasant favor &C
the milk, and a change of pasture Is
often necessary. Those who have the
care Of the cows are Just as often re-
sponsibla for the inferior butter as the
dairy maid. The old-fashioned spring
house IS but rarely met with these Gays
out the possessOr Of a good sprinz
house, where there is a constant stream
Of clear, cold water running through
has something - be very thaakfu. for
and all the modern appliances for max
ing sweet butter can hardly equal this
Some dairy writer's say that the cream
should be churued sweet. have tried
this plan, but find tha. the swee-es,
butter and the greatest amount can be
made from the ripeued cream. bu, over.
ripe cream has 4 very unpleasant flavor
When the cream is churret sweet. or
when !, has just begun to sour. verv
small returns will be received. and after
the buttermilk has been allowed 10 S.,
awhile a great deal Of cream will be
found on top, so have decided this is
very wasteful method unless one ha:
cream separator. I prefer the very
VIDE, tat, tin pans or tin buckets FOR
raising the cream. as il seems TO rise
DETER than in the deep receptacles. and
tnen It can be skinned with so much
more ease. Churuing requires time
strength and patience; the impatten,
chuTner usually allows hot water 70 Dc
the work. and the result is white and
inferior butter. During warm wearh.
er | allow my cream TO ripen in tba
cool stream in the spring house and
then have 1t brought up and churrad
Immediately; never allowing it. at any
time. TO stand in the heat. and the bnr.
ter is yellow, firm and as sweet a. IL
can be. During the winter months
have churning done three times a weak
never allowing cream TO become over.
heated or over ripe Salt cows rapr,-
Iarly and the butter-maker's LOT will
De easier. y aura IODas ~ L-ri.,,g..
The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1903-10-22
Timely Dairy Criticism.

One OF the German agriculturists re-
Gently touring in this country criticised
the placing Of hand separator in the
middle OF the dairy barn. and stated that
the German law would forbid the placing
of separator in such situation. Why.
Because Of the liability OF the cream to
absorb barn odors. with consequent low
,ering Of the quality Of the butter. They
evidently believe in preventing the In
PRODUCTION OF OF fiavors in the milk In
stead Of relying on the ability Of the
butter maker to get them out atterward.
The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1903-10-22

The fruit crop in England this year
was almost tota. failure. and in France
It was far below the average. As a
result the demand for American fruits
has been greatly increased. There were
25,000 boxes OF the California product
sold in London In recent week. This
was a record. and shows to what de-
gree at popularity our fruits have
reached in foreign marhs-s Modern r,-
fr.E ration has made il possible % g-,
fruit across the water In eyoa.ea, con
..,.an While The sr-a: tamar. ...s
gaa- IS due to TIE .a..-a at .a- E-- -.-
~.0 here is ~ ..gnr ..- V.4. ..-
gr.... IS ar grown. nor ~. ...-- .a
.a,.r
The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1903-10-22

Our consul a. Ca.ais. IN describing the
new tubine steamer which has crossed
the English channel In so minutes. re-
marks that it has taken 25 years Of
gradually improving mechanism to re-
duce the time on this trip by half an
hour. He Aso recalls that the first
steamship over this course, in 1920. did
not materially reduce the sailing vessel
time, which was about three hours. II
is because time Is worth saving that in
ventors still try TO make faster boats
and quicker trains.