davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-11

is a long deferred pronlissory guess and the
interest does not compound, I believe. saw
ings bank announces it's dividend at frequent
intervals II permits the addition and with
drawal of small amounts. which is its exec. lent
reason for existence. Nothing can take It's
place. A borrow his insurance
policy, but only proportion of the reserve on
his premiums. and he pays per cent interest
The savings bank is the treasury OF the poor
and the middle class: and IL you ever heard a
paternal old cashier argue with deposttor you
know il is not too easy for people TO draw out
and Squander their savings. The insurance
agent You know, often tries 70 discredit bank
deposits because it is so easy for man 70 take
out his money"
How about government savings banks. such
as they have in Canada?
We'll. it might be said that the lax conditions
in many States outside OF New-YOrk would pos
sibly be done away with by federal control and
union. There are stock company banks In
other States, whereas ours are mutual. Evils
exist in the diverse loose systems OF some States
Yet l am not believer In extending the func-
lions of the federal government without grave
reason, and 1 would not care to a United
States savings bank established. What is good
for Arizona would be superhuous for New
York. Each State that needs salvation should
be able TO work 1t out for itself
What OF the future Of interest money!
Just now the rate seems 10 be high all over
the world. Whether savings banks will be
able TO pay more or less in the immediate future
Is problem Interest seems To fuctuate i'm
cycles, high this year and low the next Wealth
accumulated reduces the rate. As a general
proposition as We grow richer the interest rate
declines. Money can't get a Job so 20 speak
and offers to work for low wages"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-11

what does a bank president do wnen ne re-
tires? He goes TO work again. Al ledsI ms
seems to be the answer In the case oI 'de9
Mcmahon who after twenty-seVen years dS
trustee and president Of the Immigrant lluus-
trial Savings Bank resigned from actiNe SER
,-,ce the other day He had plalleo
,.aoo,,on n conclude his ripe years of toll but
soor discovered. like many others. that II IS
more fun TO keep partly in the harness
IT NAV take trip abroad next summer salu
bo veteran banker 10 a Tribune reporter
We'll, perhaps summer after next nc auuen
with the tone OF hustling young pusliIess man
who hates TO lose time
u-bite chin beard and smooth shaver upper
In gave Mr. Mcmahon a pleasantly clerical
look as he sat in a Brooklyn office and eX-
nla,ned how board meetings. various minor IN
terests and nightly banquets were preventing
the formation OF rust on his mentality. he is
still a trustee OF the Emigrant Savings BanA
The retirement as president has merely relieved
him Of onerous routine and daily grind. Per-
hans now for the first time business assumes the
aspect Of a diversion
You have seen many changes in quarter
century OF banking" said the interlocutor.
Yes replied MI Mcmahon. 1T would take
me some time even TO summarize them The
savings hanks have grown in scope and extent
,,a,ior in the world II is wonderful 10 compare
the figures of then and now in regard to these
treasure houses of the people. The old timers
would be astonished to see these institutions
housed in magnificent buildings having many
thousand depOsitors. advertising for patrons
nd an lively businesslike competition among
themselves offering high a. ! per cent in
terest The scope of investments has been en-
larged II is now possible for a bank to invest
in selected railroad bonds without obtaining the
permission of the legislature, as was formerly
required The same bonds may be accepted as
collateral for loans. Not every change can be
called an Improvement since one might well ask
why savings banks should compete among them
selves and try TO gain customers by the promise
OF higher dividends"
Are not the dividends or interests sometimes
paid out Of the surplus"
NO Il is Illegal; but when the surplus Of
bank reaches tie maximum of 10 per cent all
surplus over this maximum must be divided
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-11

upstate counties to NETWORKS projects to
obtain more watersheds has become so great
that the State Water Commission in its first
report the other day said that the city might
eventually be compelled to pump water from
the Hudson somewhere north of Poughkeepsie.
Whlla the search for new and available sources
or water supply goes on. the waste of our pres
ent supply is worthy of the most serious con-
Sideration.
All the engineers who have studied the water
system OF New-fork agree that the waste of
water Is tremendous, and that 1t would be al
most wholly checked by meters.
The leakage from the mains themselves is
FAR less than most people suppose" said the
Commission on Additional Water Supply in its
report or 1903, many of whose findings were
based on the report of Nicholas s Hill jr at
that time chief engineer of the Water Depart
ment. Mr.. Hill made house to house investi-
CATION in certain typical districts in the en-
deavor to learn how much water was wasted.
NETWORKS distribution system the commits
stoners said needs many gate valves and
hydrants TO bring il into satisfactory condition,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-11

recommends lions made in reports and cOmmunf-
cations of former years. he said:
Among the measures to check waste or
water the question of water meters was made
prominent. The cost of these should be borne
by the city, the introduction of them gradual,
and to guard against the tendency to reduce
from penuriOus motives the amount OF water
used by the poorer classes in the tenement dis
tricts. where often none too much Is used now,
and where 1t is mostly needed a fixed maximum
rate might be established for various classes
of buildings based the amount of water Hoer-
ally calculated. which should be used. taking
into account the number and occupation OF the
tenants For this fixed minimum rate the charge
should be low. and for any excess much higner
People ought TO be educated in the use OF
water but this education will count for nothing
unless accompanied by the meter system or
paying for water. People should be made 10
understand for example. that water Is cooler
after il has run ten minutes than when IL has
run for much shorter period. and also that IL
is unnecessary 70 have faucet running full 70
prevent the freezing of pipes in extreme cold
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-11
UNWELCoME BUT sALUTARY.

Another strong advocate OF the meter system
for the entire city is John r. Freeman, OF the
Burr-Hering- Freeman Water Commission. which
made an exhaustive inquiry into the subject OF
water waste in this city.
II am. from evidence" he said, forced to
conclude that the one efficient, economical and
practical method for lessening the waste OF
water in New-York City begins with the water
meter on every service pipe At the same time.
must admit that public sentiment in New-York
(or the other largest American cities) does not
appear to be in favor Of domestic meters. but
believe that adverse sentiment comes from lack
OF full understanding of benefits TO the public
welfare. and from an exaggerated notion OF the
inconvenience.
There is a growing sentiment, however, IN
favor of meters in the country az large, ana
the method of selling water through meters for
household purposes has, for example. been fuily
tested and proved entirely satisfactory IN
Providence the second city in New-England; IN
Worcester Fall River Lawrence and Lowell
the chief industrial cities Of Massachusetts,. Tns
meter system is also meeting with success IN
Syracuse and Poughkeepste, y. Y
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-11
a BADLY ABUSED CEREAL.

The rice that comes on the American table LOOKS
roushv: the grains seem all mashed together m
stead OF being distinct and large. The trouble
(sometines due 10 the cooking> is usually explained
nv the statement that rice is OF inferior quaIC
though there is no better rice In the "orlo 'nai
our Louisiana and Texas article; the grams are
large firm and nutty. The fact is, our public won
b1v anv rice unless the grains shine and slsten
consequently the first thing the miller does Is 20
mt his rice crop through course or polishing oy
which the covering of the kernel Is rubbed on ana
at the same time the most nutriuVe part In.
-. a. nat ha gets a beautiful. almost sparkling
grain which sells WE'LL but inasmuch as the cover
ing has been removed the grams Whea pc1SoEsS
iHs. their identify and become a nuSn SOilsIieo
rices'' is popularity of America The PUBIC can
I,roCre the unpublished rice IL they Will insist on
tbs grocer getting IL for them, for poisnlng Is
an extra process which the miller will &c zlad 10
abandon Country Life IN America
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-11

but the deterioration of street mains is not such
as 10 require extensive renewals TO prevent
waste. The house to house inspection in typical
districts in Manhattan and The Bronx indicates
that the loss from leaky and defective plumbing
fixtures probably exceeds Is per cent of the total
supply, or upward Of 100000 gallons day.
The reduction of all waste is effectively aided
by the use of meters, which tend to make each
householder an inspector of leaks. and thus
bring prompt remedy for all obvious waste from
leaky fixtures, and furthermore lessen the
temptation TO waste water night for fear
that poorly protected pipes may freeze. 1t also
lessons the tendency to waste large quantities
of water while trying 10 obtain cooler water
from the pipes
L. NJ. de NarOna, chief engineer of the De-
partment of Water Supply at the present time.
has long been advocating the establishment OF
water meters in all buildings He says that the
wealthy classes will always be lavish with
water, metered unmetered and he says they
should be required to pay for whatever they
Meters would not increase the water rates
of the poor. he says
In his report for 1902 Mr. de Varona dealt
with the question of water waste in Brooklyn.
Summarizing the conclusions arrived at and
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-11
F. AMBROSE CLARK'S BARN.

CoopeTstown. \. Y, Feb. 10 Specialize
handsome new barn and stables the Iroquots
farm near this village. will soon be COmpIefed
The farm is owned by F. Ambrose Clark. third
son OF the present wife Of Bishop Potter. and tha
New-YOrk '
The structure covers about one third OF an acre
or land and its cost Is estimated at $4,000 The
plans were made nv Percy Griffin. OF New-York
city. while Charles Root. Of this village has ha,I
charge OF the work Of construction
The work of building began early last summer
ana has required more than e00,0NN feet OF hem
lock and 80 600 feet Of Georgia pine The roof took
POO. GOO shingles Steel has been used in rnapv>
WAYS in the construction.
The barn is built in the Queen Anne stvIa md
has inner court. 7iXl54 feet \ large fountain
viii be placed In the centre Of this court Tha
front. l1S feet long. has four story tower which
Is used grain elevator. and under the tower IL
The driveway. which will he closed hy a large eata
Offices and sleeping rooms for the grOOms take IN
the front part OF the building. The two sides ave
devoted 20 stalls, ten boxes, each Is feet square
ana number OF single ones. giving accomrnoia-
tlcrl5 FOR two score horses.
The large building viii be used as a car
rage and harness room, while on the second floor
Is an enormous haYmaw. capable % holding two
hundred tons
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-11

salary was $4,000 So that If any tale of NAL
feasance or gross extravaganza is unfolded 1t
will be a surprise all OF us. We savings
bank people have notion Of competing with
the sensational chapters Of the insurance IN
quiry'
Have you not met the striker. or equerry OF
the Black Horse Cavalry
Yes and shown him the door He has come
into my office on occasion and explained now
his influence might be purchased against nos
tile measures Good day. sir was the answer
We never considered IL necessary TO guard our
patrons by spending their money IN bribery
We found the legislature as body amenaoie
10 reasonable argument. The fact that the
associated savings banks could, II necessary
pass out educational literature over their coun-
tiers from Montauk TO Buffalo and thus en-
tighten more than two million citizen depositors
no doubt prevented an excess Of legislative hos
tiity"
is there likelihood OF savings banks going
into insurance, I'm order TO match the alleged
savings features OF some big insurance COM
oanies?"
i do not fancy any such merging OF functions
There is no serious rivalry between banks and
insurance companies. The insurance dividend
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-11

among the depositors every three years In the
the shape OF an extra dividend.
People seem TO be more acute these days IN
going after an extra quarter or half per cent
If one bank advertises 4 per cent against an
others 81 there is a rush TO the former IN
stitution When the Ernigrant Bank raised
the rate TO : and then dropped back to 51a II
took considerable time for US TO regain our
deposit losses. Speaking OF the surplus, the
tax upon II is the only objectionable feature
that can find in present conditions of law
and both political parties have promised to lift
the tax"
rs the legislative inquiry into banking likely
to bear fruit?
Not In any evil sense. as far as know The
savings banks at least. have generally been
conducted on a conservative, honorable basis. In
full recognition of their philanthropic purposes.
Trustees, officers and employees may not do
business with their own hanks. Trustees, ex-
cept members OF the executive committee. who
obtain modest fees. derive no remuneration.
Honor is their recompense. The highest
ported salary OF savings bank president is
$4,000 which a good man surely deserves. He
earns II by his wide knowledge of securities.
judgment and skill in management Ny own
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-11
CHANCE OF GRAFT,

CElaer Iaininany administrations this "dIscre-
tion' clause has been worked for all tina, II Is
worth. Friends OF the three district leaders
who for the last two years have been in co,..rol
II the Water Department have been ,naIIad
whenever possible, 70 enjoy the aDtioustsd
frontage rate. For instance. one tenement
house. the lower floor Of which is used ro- s,oras
may use three times as much water ne ore
consisting entirely of living rooms. YET tf The
Water Commissioner. in his discretion does
not think that the former building need na,a q.
meter its owner as consequence pays no more
water rates than the other landlord In other
words the discretion" OF the Commissioner has
reduced the water rates OF the first landlord 10
one-thiId what they would be otherwise
The provision that apartment houses need MT,
be equipped with water meters If they do not
contain a plant for the generation Of light ar
power has been used by the Lighting Trust. for
which Charles F. Murphy. the Tammany boss.
has manifested such friendship. as a special
means 10 boom business Whenever a new
apartment house is put up. representative Of
the trust is likely 10 call on the owner and saw:
We would like 10 supply your house with
hight and power"
rsniiss the owner. u have planned to
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-11
MORE WATER NEEDED.

Another argument for the extension of the
meter service in this city and the saving Of all
the water possible is that New-York is finding
it more and more difficult to get an additional
water supply. Laws have been passed shutting
the city out Of Suffolk and Dutchess counties,
and now a bill has been introduced at Albany
TO prevent this city taking any water from
Ulster County This measure, if it becomes
law. will knock in the head the S161ooOOOO
plan of obtaining water from the Catskills
which was evolved by special commission and
to which the city is committed by the action Of
the Board of Estimate. Indeed. the hostility OF
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-11
Her Extravaeance with Water Is Observation-Disclosures
able Economy Would Produce a Cash Income
of Four Million Dollars a Year
from This One Item.

put in dynamo, which be run with my own
engine"
That will cost you more" says the agent. IF
you manufacture your own power you will have
to pay water rent by the meter instead OF at
the frontage rate
We'll. what of that?" says the owner
with a meter" replies the agent, you will
have pay for every drop you use, and your
bill will be four or five times more than if you
can get frontage rate. Take our power, and
you will find it cheaper in the long run"
The section in the charter which contains the
discretion clause is No. 4I5. and it reads in
part:
The Commissioner of Water Supply is author
lied in his discretion to cause water meters. the
pattern and price of which shall be approved
by the Board of Aldermen. TO be placed in all
stores, workshops. hotels, manufactures office
buildings. public edi1ces. at wharves, ferry
houses, stables and in all places in which water
is furnished for business consumption. and, II
authorized thereto by the Board Of Aldermtn'
in all apartment houses. tenements. 1athouses
and private dwellings. so that all water so fur
nished therein and thereat may be measured ana
known by said department. and for the purpose
Of ascertaining the ratable portion which con-
sumers of water should pay for he water there
in or thereat received and used
Although the Board of Aldermen has the
power TO extend the meter system to all oullo-
ings in the city and thus save So.Ho.Vo gal
Ions of water a day it has never dared to take
this action. Certain demagogic members OF the
board always raise the cry that water meters
will raise rents for the tenement house dwellers
They say that landlords VIII put the extra ex-
pense on the tenants. Accordingly. the water
meter resolution which was introduced the other
day by Alderman Myers, the Republican leader
is being denounced by many Of its enemies in an
effort TO catch the poor mans vote.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-11
PART V.
EIGHT PAGES.
%Y1SfN NETWORK WASTES A LAKE EVERY DAY T4ySR44A
HK4ET2> IN TIE YEAR. AkzYI1k

At the same time that New-Y York City is plan
ning to spend S161 .ooOoo0 for a new watershed
Il is permitting 100000 gallons to run to
waste daily. or enough to supply all the faucets
In Boston. If all this waste water were poured
into Broadway and the side streets damned up
Il would in twenty-four hours cover that thor
oughfare. sidewalks and all. TO an average depth
Of two feet from Bowling Green TO 1s0th-st. 1t
would MI Madison Square Garden to the roof in
twelve hours In thirteen days it would cause
the new reservoir in Central Park. which holds
iooa000OO0 gallons. TO overflow. In one year it
would inundate the whole island Of Manhattan.
we're its surface perfectly fat. TO the depth OF
six feet II sold al the regular metered rates this
waste water in one year would bring TO the city
an added revenue of S4000Ge0
Does the Eew-York housewife realize how she
Is contributing 10 this colossal waste when in
winter she lets the tap run all night to keep
the pipes from freezing up" Does she under
stand what the sum total of the city's waste
fulness amounts 10 when Is the custom i'm
East Side 1athouses not heated by steam, she
lets the hot water run all day Ito keep the fat
warm Does she ever think further than for
her own comfort when IN summer permits
the water pour for half an hour into the
kitchen sink, because she wants to get a cool
glass? Does the janltor Of a flsthouse appre-
Gate how he is helping 70 make a spendthrift
d the municipality when he lets the tank on the
roof overflow night and day simply because he
Is TOO lazy TO repair its broken ball cock?
Whether or not most NEWCOMERS fully I'M
6erstand how tremendous is the citys waste OF
water. many Of them appear unwilling take
the lesson 10 heart long as their own supply
Is unlimited. They have so long been accus-
toned 10 the Anticipated system Of paying water
rates which is still in vogue in the dwelling
houses OF this city and which is based not on
the actual amount Of water used. but on the
frontage OF a building, that they strongly oppose
any change. The average customer" says one
expert, has grown TO believe that he has the
right not only to use. but 10 waste all the water
be pleases. and he resents any attempt TO cur
tail or limit that right. He has grown TO assume
that water should be as free as air"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-11
ARGUMENT FOR WATER METERS

Advocates of water meters, however, say that
if water is paid for according to the quantity
used landlords in the end will find their ex-
penses less than at present. The present metered
rate they say should be lowered so that with
the establishment of meters water rates will not
be increased but equalized, while at the same
time the consumption OF water will be greatly
decreased. In Cleveland the water meter has
even cut down water rates below the old 'front.'
ling houses in that city in which meters were
recently installed discovered that they were
saving money under the new system. OF $4,000
consumers in business and residence districts
1900 averaged each only 5000 cubic feet in
six months.
That meters cut down water waste and Of
necessity make the reduction of water rents
possible has in fact been proved in every city
where they have had fair trial. In Cleveland,
where the meter system is being extended
further each year. the consumption of water
per capita in 1901 was ~ gallons; in 1905, 1870
120. A comparative study of ten American
cities which was made by George I. Bailey,
superintendent Of the Bureau Of Water Supply
of Albany, showed that in cities where less than
one-tenth OF the taps were metered the average
per capita consumption 1913 gallons; in
cities where from one-tenth TO one-fourth of
the taps were metered, 10 gallons; in cities
where from one-fourth to one-half Of the taps
were rnetered. 1O4 gallons, and where more than
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-11

water is metered, uses about $50 1000 900 gallons
of water a day. or 1880 gallons per capita
It may thus be seen that three times more water
Is consumed in this city for each inhabitant
than in Providence. where four-fifths of the
taps are metered. In Manhattan and The Bronx
there are $4,000 hathtubs, 31S0000 washtubs
sinks and basins 2,4G5000 faucets. $4,000 by
drants and $1,000 meters
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-11

half the taps were metered. 60 gallons The cities
investigated are contained in the following table,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-11

New-YOrk City, where only one-ffth of the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-02-11
buy China ard Glass Rlshf
HIGGINS
m & e
DETER

We announce the Inauguration on
NOnda :, February 18th,
OF most extraordinary Sale OF White
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alone with the magnitude OF the assort-
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The new White and Gold Booklet illus
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