davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-06-08
TIL. PRICE TO PAY IN FULL
Last of the Debts Arising from the
Failure IN 1900.

Theodore II. Price. It was learned yesterday.
IS about 10 settle in full the last Of his debts
arising from the failure in May, 1900 Of the Cot
ton and Stock Exchange house Of Price. McCor-
mick & CO., of which he was senior partner.
These debts are not now legally enforceable, but
Mr. Price has regarded them as morally binding
on him
Since the failure, in which the FIRMS liabilities
were nearly S13.000OO0. and which was due to
operations IN cotton. Mr.. Price has been active
in the cotton market. mainly on the bear SIDE;
and some time ago II was ascertained that he
had discharged an important part of his moral
obligations" The recent extensive decline in cot
ton values IS understood largely TO have bene-
flied Mr.. Price, who has been popularity called
the bear leader; and it IS said that the money
he has made In this movement haC be-n more
than enough to enable him TO clear of the last
Of his Indebtedness Mr.. Price has just sent 10
his creditors q circular which SAYS, in part:
Referring TO my circular Of March 81. am graft
fed TO say that feel myself in g position 10
deal with your claim in full. I am now glad TO be
able 10 hand you a check my Office or otherwise
or before June L.
Mr.. Price recently became special partner in
the firm of W. P. Quentell & Co. which has a
Cotton Exchange membership.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-06-08
SAYS GosLIN GOT sPENcER's MAIL.

The hearing in tlse case of the defunct American
Finance and Mortgage Company was resumed yes
terday before Referee Townsend. The creditors
who seek TO have the alleged partners-AIfred p
Ioshn, Charles Weiman. Christ Cosrides and
othe's-declared hankrupts. again had on the stand
Frederick w Jobelmar formerly confidential
enpoye OF Gosiin, hy whom they have tried 10
prove that Goslin was the mysterious William IT
Spencer OF the American Finance and Mortga ge
company who it was alleged. received and re-
tained customers Investments with the connivance
OF Weiman. Cosmides and others.
Yesterday in the cross-exanination ~ JobcI-
man, the witness testified that mail for william,
IL Spencer received at the American Finance and
Mortgage Company's Office. at No. IS WaII-st
VS. aeliyered BY company employees 10 CSoslin nj
LIE latter's private Office. 1T No 80 Nassan-et
Ire witness saw Goslin open many letters ad-
dressed 70 Spencer. One OF these letters that he
saw Goslin open was from John Wananlaker He
also testlned that Cosmdes preserved a bundle of
cancelled checks. and anxious that they 10
kept whers ere nobody would see them in the Mas
drawer OF a typewriter desk - ~
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-06-08
NAY NOT CONE TO TRIAL.
Kavarlaugh ShipbuiIdimg Claim Re-
ported Settled.

Albany June 1T IS said here on good authority
that the suit brought by Charles H Kavanaugh, Of
Waterford, as a owner OF United states snip
building Company securities. against the Mercan-
tile Trust Company John J. McCook and Charles
C Derning OF the law firm Of Alexander & Green,
ana Alvin W Krech has been setued MI. Kav-
ensugh sued 10 recover $4,000. the difference be
tween the sum he invested IN bonds and preferred
and common stock OF the Shipbuilding Company
and the amount alleged by him TO have been the
actsI worth of the securities and in his complaint
he made charges Of fraud ard conspiracy. 1t is
also rlmored that fne claim of Governor Odcll foi
losses sustained through his investment III Ship
building bonds has been settled.
Mr. Yavanaugh brought his action in the Su-
prerne Court .n Saratoga County February II.
on Aprfi ! a motion for change Of venue from
SARATOGA 10 New-Yorlf County argued before
Justice He-rick John G.. MiIburn. OF this city, and
Lewis f. Carr. Of Albany, appearing for the Mer-
camille Trust Company and the other defendants.
and Senator Bracket. Mr. KavanauEhs attorney.
opposing the motion. which few days later
denied by Justice Herrick, who on May denied
a second application Of the same nature. On May"
Justice kellogg denied motion made by Mr.
MiIburn TO have the trial of the set for this
month put over until later term. Their motion
was urged on the ground that the defendants had
appealed from Justice Herrfcks order 10 the APP
pelate Division. The latter tribunal dismissed the
appeal and the case will for trial in Sara
toga County in about fortnight unless, as Is re-
ported from Albany, q settlement has been e1ected
Governor OdeIl the owner OF sles,"O or the
shipbuilding first mortgage bonds. for when ms
friends have said he paid %. These lSS bonds were
sold at auction in this city on March J, bringing
8 or $3.50 for each $1,000 bond
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-06-08
OUTSIDE SECURITIES.

Trading in outside securities confined within
small limits. The market. however. showed a de-
cidedIy strong Cndertone- Many small advances
were recorded. while in a few specialties there
were sharp gains. Electric Boat common was con-
spicuoUs by an advance of S2 per cent. due 10 the
successful tests Of the company's submarine boats
Mackay common up Z per cent Empire steer
common, y. and Cramp Shipbuilding. 1%s per cent
the latter 4 single transaction. American Ca'
issues were fractiOnaIly higher Consolidated Gas
rights were fairly active at a slight concession
General Electric rights firm In BONDS tn'
Japanese IS were irregular; on the execution OF =
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-06-08

DOMESTIC EXCHANGE.-New-O Orleans - Com
mercaI &c premium; bank. 81 premium. San
FranCisco-Sight Pho; telegraph. sc. Boston-15c
discount Chareston-Buying par; selling. 1-lOc
premium. Chicago-25c premium. Cincinnati-SOc to
Soc premium. Savannah-Buying. 600 discount:
selling 70 premium. ST. Louis-55c premium Min
neapolis-Sl premium.
BANK CLEARINGS. - New-York - Exchanges.
S77.429 49, balances. $685. on. Baltimore-Ex-
changes 1886 sl6: balances. 1865 2C5. Boston-Ex-
changes 81 OBS 9 balances 81 36i S2l Philadelphia
Exchanges A6Si2 sol; balances. sLS7o6SS. Chicago
Exchanges. s., 6i279 balances 81 9S4 ,oS6
FOREIGN MONEY MARKET.-Can money in
London, la.d2 per cent Open market discount rate
for short bills, per cent; for long bills. per cent
Berlin discount rate. 27s per cent. Berlin exchange
London 20 marks Il pfennigs. Paris exchange
rate l3snl24 per cent. Paris exchange London. .
francs l7i2 centmes.
FOREIGN SBCURITIEs.-Brit consoIs for
money. 80 9-l6: for the account. 80 11-16 French
Tentes. 9S francs 12la centmes.
SILVER MARKET.--Bar silver. 55ss: Mexican sill
251sd.
GOLD PREMIUM-In Madrid 1870; Lisbon "a
GOVERNMENT RECEIPTS.-Customs receipts
reported from Washington. sos. 1885, internal reve-
receipts. S2o9 1872: miscellaneous receipts SlSl-
45 Receipts for the day. 81 $40; expenditures
81 02oO0 Receipts for the month to date $40 526 TS
expenditures $4,000; Of receipts ST. SOC 7S9
Receipts ior the fiscal year date $03 s27 Ol9 ex-
penditures. SOL. 292.0TI excess of expenditures
so, 465 052.
SUB-TREASURY.-The Sub Treasury was debtor
to the Clearing House si5S. 800.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-06-08
CLASS DAY EXERCISES ATNv ~

Class day exercises % New-York University were
ned yesterday afternoon or the part Of the campus
known as Battery Hill Chancellor AracCroc.a
aellNered an invocation. then followed the ores
cent ADDRESS. by C II. Lane; rollcaII. by r. De
T. Clarke: class history. by c. r Adams. Sta
usucs' oy W c Leonard: the prophecy by N. ]
fneooerg; the class day oraton by I. Y Iinnin
colt: poenl by c. W Cierstenbera- nres,,..., =
@ y, Moss; me singing Of the class song by the
sfauuaunS class. and the bun oration sn5 49,
entaton or the class bun which wss 1870 nSo
70 me Class Of os much 10 the disauDoinfrnen, 80
the class or o. by E. ]. l. Raldiris VI
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-06-08
DR.. MAFEE MAY COME TO BROOKLYN

The Rev. DR.. Cleland Boyd McAfee. one Of the
best ministers in Chicago. has been asked If he
would be willing 10 accept call 10 the pastorate
OF the Lafayette Avenue Presbyterian Church.
Brooklyn. 10 succeed the Rev. Dr.. David Gregg
who resigned 10 become president Of the Western
Theological Seminary. in Pennsylvania. Dr. Nc
Afee is now considering the offer. and before Civ
ing his reply will come TO BROOKLYN TO examine the
nelo Tor himself should he decide favorably his
formal call will be extended
ne Key Dr. McAfee is the son Of the founder
OF Park college, in Iowa. For some years he was
PRESIDENT OF the Institution and three or four years
go accepted pastorate in Chicago. He is about
forty-three years old
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-06-08
SATISFIED JUDGMENTS.

The following satisfied judgments were among
those filed yesterday the first name is that of the
debtor. the second that of the creditor and date
when judgment filed:
Bariiat. Lena. and George ,FrankovitZ-People OF
the, ne STATE OF NeT-Yorl June 20 1889 $1,000
Slater Samue--J c Lyons Bldg and Deposit Co;
rrt June ne. q 1904 = : :, 800
Co" coyle and another; Dec Il. 1908, las
JUDGMENTS VACATED
Sekeson. Milton NJ and David Rosenblum-Peo-
pe 81 the STATE of FesruaTy 1904 1000
,,s NAY 81 1904 - 80, 500
v. lsfJ
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-06-08
THE DAYS OPERATIONS IN BONDS
GOVERNMENT BONDS.-Market firm Final
quotations follow:

RAILROAD BONDS-Market fairly strong ro,,
sales amounted in par value to S, 1000 against
SiN26 900 Monday. The heaviest dealings were T.,
the Atchison general As. Baltimore and Ohio COLI
Is, Brooklyn Rapid Transit As. Chicago Burlington
and Quincy As. Chicago Rock Island and Pacific
Railroad is. Mexican Central As Missouri Konsa,
and Texas second IS. Reading general As Southern
Railway first IS. Union Pacific first and convertible
As. Consolidated Tobacco As and United States
Steel 6s were also active.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-06-08
NEW OFFICERS OF CATHOLIC ciIe

Inc annual meeting OF the Catholic Club was
held last night and the following officers ,vara
elected; President Justice Leonard r. Giegerieh.
is wee esioent Dr. Francis ]. Quinlan: second
vice-president. Thomas II Mulry: secretary Charla
Murray treasurer. John 3. Davis. This board Of
managers was elected for the next two wears.
ttsopert McGlnnis. William T.. King Peter Murra-.
= IN mes AicSoyern, Thomas f. Byrne Joseph
= o0Hen' Joseph T. Brady and John P. Callahan
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-06-08
MONEY AND EXCHANGE.

MONEY MARKET.-Mouey call opened at 1
per cent: highest. IL per cent; lowest. per cent:
last loan IL per cent: closed 181A per cent; ruling
rate. II. per cent Time money quoted at
2iTQ2& per cent for sixty days 10 four months
and sqSIs per cent FOR Ave and six months. Com
mercial paper was quoted at 3lsa4 per cent for
sixty 10 ninety days 494l, per cent for four TO
six months and per cent for others
FOREIGN EXCHANGE-Market closed steady.
Actual closing follow:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-06-08
JUDGMENTS.

The following judgments We're among those nIed
Yesterday, the first name being that the debtor.
CSaTy, Nellie B-Lichtenstein Millinery Co.. s5e-s
S,aiialer Luke FL Boyd
ao MS IN George and Henry-M wiess...... S59
= Blarcom & Col j Hayden. .-.......... 10
Household ledger Publishing Co and Juiins u i'eo9
s.eocrt-N Foundry Machine CO... no
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-06-08
STOCKS GENERALLY HIGHER.
Again Feare-Conodaed Tobacco Bonds
4ctiUe-Money Rates Unchanged.

Closing prices yesterday Of the principal active
securities and net changes from Mondays quo
tations
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-06-08
AMERICAN SECURITIES ABROAD.

London. June 7. D. m.-The market for Ameri
can securities was dull at small price changes
Last quotations follow:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-06-08
SALES AT THE STOCK EXCHANGE

5000 L S As Cou. 1907 10
2OU0 Rep ot Cuba full
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1904-02-09

from the Greek church. Russia regards
the exarch as sort of protege of hers and
Joseph encourages this view as much as
he can, so that he may threaten the sultan
with the power of the Cossuck, when
things at Yildlz Kiosk are not moving in
his direction.
,Ioseph's chief work is the supervision of
the Bulgarian schools throughout Mace.
donia, where Turkish subjects are taught
to believe that Bulgaria should be the
object of their patriotic alteration as much
as that the Bulgarian church should be
their religious haven. Joseph has made
these schools hotbeds of instruction and
while adding fuel to the flame he has sue
cessfully restrained the sultan from pour
ing water on the fire.
The government of the orthodox church
is in many respects similar TO the govern
ment of the United States The eeclesias
teal territory is divided into districts.
which correspond to states. and the metro,
politan of each district has about as much
local authority as the governor of state
in the United States. The patriarch like
the American president, directs matters
which concern his territory as a whole and
is under ordinary circumstances hardly
moe than an executive officer. He is re-
stricted by constitution, which is the
governing instrument Of the church
A two chambered legislature, consisting
of the sacred synod and the national coun-
ell, enact ecclesiastical laws. One-third
of the members of the national council are
elected by indirect vote of the church com
municants and the other legislatrs are APP
pinted in Varius WAYS.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1904-02-09
CITY CONTROLLER LISTER TELLS
ABOUT WATER AND LIGHT FUND

The profits accruing in the wafer and
light fund belong to the consumers
Such was the statement of CITY Central
Ter Lister when discussing the wafer and
light question.
There has of late been much comment
favorable and otherwise. on the attitude
OF the present city administration in re
gard to the water and light fund. 1t has
been stated that the Recommendation of
the city controller to put per cent of the
water and light income into a sinking fund
every year to take up the bonds would
amount to more than enough to paw the
entire bonded Indebtedness of the wafer
and light system by the time the bonds
become due in 1913. 1t has been said that
such course would not only be putting
the burden of paying for the plant on the
present consumers, but would also create
large fund that would be subject to the
populations of politicians.
To get at the facts as shown by the CITY
records, The Times requested Mr.. Lister
to make statement in regard to the
matter, and he gave the following:
The city has owned the water and light
plants for about eleven years. More than
half the time for which bonds were
issued has elapsed and not one dollar
has been set aside for sinking fund TO
meet these bonds which amount to 50
OSOOOO, and become due in 1913 Surely
81, IS2.S9, five per cent of the past years
income, would be very humble beginning.
On the basis of the past years business,
even 10 per cent put into the sinking fund
every year would amount to only $3.50, 900
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1904-02-09

to reconvert the backsliders to the Greek
belief, so as to secure immunity from
treatment as rebellious subjects of the sui
tan. When the revolution breaks out again
in the spring, the Exarch's chance will re-
turn, and there will be wholesale CONVEX
sions back to the Bulgarian fold once more.
The Exareh and the Patriarch are the
religious chiefs of 100000 Balkan people,
more than twice as many Europeans as
regard the sultan as their earthly prophet
Back to the year 36, A. d., when on the
future site of Constantinople was erected
the first Christian church, does the Ortho-
dox church trace the founding of its ec.
clesiasticalecapital, and since then, whether
Constantinople has been in the hands of
Pagans, Christians or Mohammedans, it
has been the seat of the Orthodox pope,
until few years ago when it became the
seat OF two of them.
From Constantinople, the conversion to
Christianity of the rest of the near east
has been directed. and side by side with
the succeeding descendants of Mahomet,
have resided unmolested the chiefs of the
"infidel dogs" of surrounding Christianity
When Mahomet H. conquered CONSTANT
nople in 1853 he granted number of
rights to the Greek patriarch and recogniz-
ed him as the religious ruler of the sultan's
new Christian subjects.
These rights have been jealously guarded
by succeeding patriarchs against attempts
by other sultans to abrdge them. There
is always a more or less serious dispute in
progress of settlement between the sultan
and the patriarch, and Abdul Hamid has
endeavored more than any of his prede-
cessors to cut down the patriarch $ prerog-
atives
Abdul, however, bears no personal malice
when he is defeated, and now and then con
fers on the patriarch and on the exarch
decorations and orders, which the two or
thodox popes proudly wear, despite the
fact that the orders bear the star and
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1904-02-09
THE CLOCK OF sTRAsBURG.

STRASBURG, Feb. 9.-The famous as
Economical clock of the Strasburg cathed
raj, which was reconstructed in lS42 to
record for all time the slightest variation
in the calendar, has just given further proof
of its absolute precision. On Midnight of
December 81 the closk had to record
leap year for the first time in eight years
There was great curiosity among the ca
thedral authorities as to whether the
mechanism would work, and as midnight
approached crowd gathered around the
face of the timepiece. At the completion
of the II chimes the leap year lever drop
ped as if it had been accustomed to do
so every day, the minute springs and ma
chinery moved as if the clock were human
and the movable feasts of the year took
their correct places, to give way for the
extra day in February.
The Strasburg clock, besides being the
most intricate timepiece in the world, is
one of the Oldest 1t was originally CON
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1904-02-09

by the time bonds are due. Adding tc
tins the accrued interest. the fund would
not amount to over 100000. That surely
Is not very large sum to pay on bond
ed Indebtedness of over $1,000. 600
10 be sure, the water and light income
may increase without there being CORE.
spending increase i'll the operating ex.
penses. If that should be so. to whom
does the increase belongy To the con
sumers who are helping to pay for the
plant, OF course, and it should be returned
to them in the shape of reduced rates.
That Is the policy the administration has
followed all along"
The amount of the water and light in
come that has been returned to the con
sumers in the shape of reduce. rates was
shown in an issue of The lines few DAYS
ago. During the past four years the
water rates have been reduced Is per cent
and the light rates - per cent.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1904-02-09
WED WITH ANCIENT RITES

NEW YORK, Feb. 9.-The wedding to-
day Of Miss Josephine Drexel, granddaugh-
ter of the founder of the great Drexel
banking house, and herself one of the
richest young women of America, to Dr.
John Duncan Emmett, was in many re-
spects one of the most brilliant and in
teresting weddings seen in New York in
recent years. The ceremony was perform
ed at IL o'clock in st. Patrck's cathedral
and was accompanied by a nuptial mass
and all the other rites of the church, mank
of which have fallen into disuse. Father
William w. b. DAILY of ST. Malachi S
church offcated and within the sanctu-
airy were Archbishop Ryan Of Philadelphia
and a host of other distinguished priests
and preates of the Catholic church. Fol
lowing the ceremony there was large
reception at the brides home in Madison
avenue.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1904-02-09
U. S. COURT DECIDES
FOR TACOMA FIRM

SAN FRANCISCO, Feb. 9-The United
States circuit court of appeals yesterday
affirmed the decision of the lower court
in the case of the Munich assurance com
pany versus Dodwell 4 Co. of Tacoma.
The latter company was the charterer of
the steamship Tacoma, which was strand
ed in Boring straits during the Nome
rush. The charterer insured the cargo of
the steamship in the Munich company for
100000 A portion of the cargo had to
be jettsoned in order to float the vessel.
The insurance company refused to make
good the policy, on the ground that the
cargo jettisoned did not belong to Dodwell
q Co. The lower court ordered the pay
ment of the policy.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1904-02-09

CONSTANTINOPLE, Feb. 9.-Constan-
tinople the capital of the ruler of the
Mohammedan world, is also the seat of
the chiefs of the Greek and Bulgarian or
thodox churches, Christians who differ on
no question of creed, but who antagonize
each other at every point, and who call
the sultan their dear friend, or their bitter
enemy, as he favors the one or the other.
The Greek head is the Patriarch, and the
Bulgarian head the Exarch. Up to 1872
the Patriarch was the religious overload of
all the Balkans. but when Bulgaria began
to agitate for full political self-governing
rights, she became ambitious to direct her
own religion as well, and demanded COM
plete autonomy from the Greek church.
The Patriarch refused, schism resulted,
and the Exarch sprang into existence as
the head of the then and there created ma
tional Bulgarian church.
The Exarch and the Patriarch fought bit
terly while the Macedonian revolution was
in progress The Exarch, as a Bulgarian,
favored the revolutionists, and his priests
in the disturbed areas became propaganda
lists for the revolution, and made converts
all over the country in consequence.
The Patriarch opposed the instruction
because the Exarch supported it, and ne
did everything in his power to hold back
the Greek orthodox communicates from
fighting for freedom. He received his re-
ward when the revolution ended, for the
sultan restored number of Greek
churches for him and gave him large
cash payment for the relief of his poor
church members.
The Patriarch now has much of the
Macedonian missionary field to himself,
and with the Turk in absolute control of
the former revoutonist districts, the Pa
triarch's clergy are finding it an easy task
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1904-02-09

crescent insignia of the heavenly and earth
ly kingdoms of Allah and his prophet
Joachim I'LL, the patriarch, is a man
of great force of character, who carries his
70 years like one in the prime of life. He
was as strenuous as President Roosevelt
in his earlier days, and as soon as he was
elected patriarch in 1878 he began to put
in force number of ideas he held as to
personal management of ecclesiastical af-
fairs.
He disregarded the proifered advice of
the metropolitans and other high ortho-
dox prelates, and took no more account
Of precedents than if they had not existed.
A strong clique was formed against him
and in five years time it became powerful
enough to thrust the strenuous patriarch
from his throne.
In 1883 Jochim resigned his position and
retired to hermitage. His friends began
to plot to bring about his restoration and
finally succeeded in 1901, after the church
had experimental with five successive pa
triarchs, and found they tangled ecclesias-
teal affairs worse than joachim. Since
his recovery of the patriarchate, Joachim
has been more amenable to suggestions and
follows closely along the path marked out
by his 254 predecessors.
Joseph l., the exarch, is younger man
than the patriarch, and is the second chief
of the Bulgarian church. He has held
office for twenty-seven years and has
gained the reputation OF being the most
willy diplomat in Constantinople. He be-
lieves the spiritual well being of Bulgaria
is wrapped up in her temporal progress,
and mundane affairs of his country are
carefully looked after by him in CONSTANT
nople.
As Russia induced the porte to recognize
the legitimacy of the Bulgarian separation