davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1907-06-19
ARBUCKLE BROS IN BRAZILIAN PLAN.
Interested in Valorzation as Means of
Saving Coffee Industry

II learned yesterday that the firm OF Ar
buckle Brothers was among the large coffee I'M
porters of this city who heavily interested in
the coffee vaiOrzation plan In Brazil to save the
coffee industry of that country from demoraliza-
ton. 4 member Of a large concern with branche'
in Brazil said yesterday: While not in
terested in this plan. say that its adoption
was necessary 10 the Brazilian coffee market,
AS It is now % per cent Of the coffee hand is
might as well be stored up by the government as
TO be in Wall Street"
This years crop of coffee IN Brazil is estimated
at about 000.000 bags, which is more than Is
needed by the entire world. a syndicate Of about
twenty firms haS supplied the coffee states of Sac
Pauo and Santos with loan of S'5.Go,Ho0 holding
the surplus coffee collateral ABOUT S,UN,W0
bags have been bought.
There who crttcise the plan, and even
predict a large loss to the government behind #.
These men point out that the insurance. storage
and interest going to cost heavily.
But the Brazilian government 1t Is said, was
compelled 10 resort 10 some method which would
save the country's principal industry from the ruin
threatened by great oveTproducton. So what IS
known as the valorization law adopted by
which the government buys enough of the surplus
coffee crop 10 prevent the prices from going below
the cost Of production. And even with this plan
in operation much of the crop has been sold for
less than cost.
Special loans being used to finance the plan.
The government guarantees these loans with its
purchases of coffee
The prospects are that the next Brazilian coffee
crop will be smaller than the one now on the mar
ket in which the prices for the coffee held by
the government will be higher than at present and
the vaierization plan will work out satisfactorily
New-York tribune., 1907-06-19
MERGER DAY At BOSTON.
Seren Bills to Stop Consolidation of
Railroads.

Boston, June 1S.-On account Of the mass of
piiIs introduced in the Legislature to-day II will
probably go down in Beacon Hill history as
9ieiser Day Seven measures, all prompted
py the proposed consolidation of the New York
New Haven Il Hartford and Boston g. Maine
talroads, were up for consideration and the
legislative Committee on Railroads had plenty
of work to do at its executive session this after
noon.
The feature OF the day was the submission 10
the Committee on Railroads of a bill drafted by
Speaker John y. Cole Of the Massachusetts
House Of Representatives and an accompanying
explanation of the points in his bill which he
wished emphasized
While in some respects Speaker Coles bill Is
a drastic measure it recognizes that there is a
sentiment in favor Of the proposed consolida-
tion. The blu provides for a stay of proceed
ings for one year Before the, consolidation can
be effective. It must receive the approval OF the
State Board of Railroad Commissioners after
a public hearing.
Attorney General Malone also appeared before
the committee and submitted bill which pro-
vides that there shall be no consolidation with
out the express authority Of the Legislature
and the approval of the Railroad Commission
ers. This bill is understood have the ap-
proval Of the Governor.
Representatives Luce offered an order in the
House to-day calling on the State Tax Com
missioner to transmit q statement showing the
corporation excise last assessed the two
railroad corporations in question, and his opin-
ion Of the probable effect upon the common
wealth and the cities and towns or an exchange
of stock of those two companies
Other bills that We're before the committee
We're the Brandeis bill, submitted last week,
which seeks to prevent the consolidation abso-
lutely; bill offered by Representative Luce,
providing for the Office Of a statey controller of
railroads and two bills drafted last week by
Attorney General Malone.
New-York tribune., 1907-06-19
OPPOSE RAILROAD-BRIDGE MERGER
New York, New Haven & Hartford Minority
Stockholders Talk Fight.

Those Interested in the movement 20 merge the
Poughkeepsie Bridge system with the New York.
New Haven & Hartford Railroad. which already
has majority interest in the system, said yesteT-
day that in all probability ii would bring 10 an
early issue the contentious which the minority
stockholders for n long time have been trying 20
impress upon the management Of the New Haven.
T {. DelaVan. Of Cummings & Co. No. 20 Broad
street who the leader Of the minority move
ment said yesterday that unless the New Haven
road submitted what the minority interests con-
sidered a fair proposition in the way of exchange
for their holdings action in all probability would
be taken with n view Of preventing the merger.
Minority security holders holding Central New
England income bonds have made several inef-
fective representations to the New Haven man
ageInent designed to obtain what they regard
their rights. No interest has been paid on the
bonds. II is alleged that the company has more
than earned the interest. considerable amount
OF the bonds we'll of the preferred and com
mon stock Of the company. are represented by Mr.,
Delavan and his associates. They have cOmmuni-
Gated with President Mellen Of the New Haven 20
ascertain what provision will be made for minority
interests I'm the proposed merger. The minority
shareholders are awaiting answer before taking
any definite action on the proposition.
New-York tribune., 1907-06-19
COFFEE REBATES AGAIN.
The Central Vermont Is Indicted
WOOIsOn SPICE Co. InU0lUed.

The latest railroad corporation to fall into the
ret OF the federal grand jury is the Central Yer
mont, which was indicted yesterday for violations
Of the Elkins anti-rebate law. The shipper said
have been favored is the which has ng
ured in all heSother recent cases here, the Wool
son Spice Company. of Detroit. The allegation is
that the Central Vermont granted this company
rebate OF cent hundred pounds on its ship
ments OF coffee between New York and Detroit. in
carload loTs. in the summer of 1894 There are
seven counts. each the shipment of a car of
about twenty five thousand pounds
The Central Vermont operates line of boats
from New York New London and thence by
rail TO a connection with the Grand Trunk Railway,
forming of the routes Of the Merchants Dis
patch fast freight line.
II Is reported that the federal grand jury has
der consideration a large number of rebate charges
against various companies. mostly in favor Of
trusts. All the recent cases have involved sugar
end coffee rebates, but it is said that other
modties are to'fgure hereafter in the inquiries
In the indictment against the Central Vermont
the name of Lowell NJ. Palmer appears the fnan-
cial agent Of the Woolson Spice Company. In all
the indictments returned by the federal grand jury
for rebating the of Mr.. Palmer has been
prominent as the financial agent OF the American
Sugar Refining Company and the other corpora
lions concerned with the acceptance of rebates
sugar and coffee shipments.
New-York tribune., 1907-06-19
SEEK EXPRESS PROFITS
Increment for DiUiSion of Wells
Fargo Surplus Rumored.

In central New York State where much Wells
Fargo Company stock is held; in San Francisco
where the issue is quite widely scattered and In
many other parts Of the country where there
are Stockholders Of tie company agents repre-
h,yf.E the stock and TIE theory is advanced that
this movement represents melon cutting similar
70 that Just announced by the Adams Express Com
pel:-.
p vear ago stockholders of Wells Fargo started n
gsso-enle:t Ccmpol the company TO paw n larger
enough OF the stock has been secured at private
sale 10 compel the company to distribute of
fits reported surplus Interests identified with the
company deny that any is buying stock but it
is known nevertheless, that efforts being made
10 concentrate large holding in the hands of peo-
PIE WHO must have something more than mere
desire to pay high price for the issue in MIND.
One reason why the Adams Express Company
makes big dividend distribution at this time is
found in the Hepburn bill. which will compel
the company and all other express companies 10
make a statement OF affairs and for the first time
they viii be called upon to make to the government
q detailed report of capital stock, of the surplus.
funded floating debts. the and value of the
carriers property and franchises, equipment and
details Of profit and loss account
Under the law the express companies Classed
common carriers. and therefore in the future
they Will be compelled to let the public know
thing about their enormous profits. II is supposed
IN some quarters that certain interests are buying
UP Wells Fargo stock. though in quarters IL Is
thought. despite denials. that the company is buy
ing the stock itself out OF its accumulated surplus
No mention is made in the circular of the Adams
company regarding the character of the security
back OF the proposed per cent bonds which Will
be distributed TO the stockholders but II was said
yesterday in Wall Street that in recent weeks the
company has been buying prevailing cheap
and that these issues would furnish the collateral
for the bonds.
New-York tribune., 1907-06-19
CHICAGO GRAIN AND PROVISIONS.

Chicago. June ls-Additional reports Of damage
n winter wheat in Kansas formed the chief reason
for renewed strength to-day in the local Wheat
market At the close wheat for September delivery
was ~ &c Corn showed net gain of sc. Oats
12lze
Many Of the advices from Kansas were extremely
pessimistic. declaring that because of injury by
green bugs and unfsvorable weather the new
crop yill more than eight bushels
Repcr-s from Oklahoma, where thrashing has al
ready begun claim that the yield in that state
very Disappointing. averaging from three 10 five
bushels acre. These advices were supplemented
by reports from the spring wheat country that an
army Of green bugs is advancing with great rap
iditE through the wheat fields of Minnesota and
the Dakotas. This news held the market strong
almost all day. decrease Of 3.6G0000 bushels in
the worlds visible supply. as shown by Brad
streets" was another bush influence. Trading
active all day. and the market closed firm.
September opened unchanged TO 12c higher 934.c
$40, sold 93Iac advanced 10 Csc, and closed
al s"4e. Clearances Of wheat and -four were equal
Il 5to bushels. Primary receipts were S00Dl
bushels. against $4,000 bushels for the same day
last year. minneapolis. Duluth and Chicago re-
ported receipts Of 357 against 391 cars last
week and 24l cars 2 year ago
The corn market was firm for the greater part Of
the dsv because of good demand from commits
sion houses ana cash interests. Higher prices at
Liverpool heavy sales by shippers and numerous
reports from Illinois telling Of late seeding were
factors that aided the bulls. Offerings main
y from holders. The close was steady. September
opened l4c 20 &c higher at 527se 20 53c, sold be
tween 525sc TO 52s4c and 53lsc, and closed at 53c.
Local receipts were s24 cars, with 257 Of contract
grade.
The feature Of trading in oats the activity
and strength II the July delivery which in
urgent demand by shorts. The likelihood that very
Ntfie grain from the crop will be available for
delivery on July contracts caused the brisk de-
mand. Reports Of damage by green bugs" in the
oat fields of Illinois, Indiana and Iowa had a
strengthening effect the most distant deliveries.
The market closed strong. September oats opened
sc Sc higher at $3.50 70 Sesc sold off TO 36Ac TO
SSsc. and then advanced TO 37lsc. The close was
al 55Ssc. Local receipts were lei
Trading ia provisions was quiet. and the market
IVES hFrn. because Of small receipts of hogs all
Western packing centres. At the close September
pork was up l21zc. at SIC 0lz. Lard was shade
higher, at S s7ls to IS so. Ribs were DC 10 712c
higher, 8 10
Estimated receipts for tomorrow: Wheat, %
cars; corn s25 cars. oats, 81 hogs. 2s50 head
New-York tribune., 1907-06-19
"COTTON LEAK" TRIAL.
Tan Riper. Tells Ho1c the Reports
We're Manipulated.

Washington. June lS-In his cross examination
of J.. c. Van Ripper the principal witness In the
trial OF Edwin 8 Holmes. il, ex-associate stalls
tician Of the Agricultural Department. who is
charged with dvuIginE crop reports. Mr. Worth
Ripers disappointment over his failure to realize
profit on his specula tions supplied the motive for
his complaint Secretary Wilson, out Of which
grew the charges against Holmes. which caused
his discharge.
Van Ripper admitted his disappointment and his
feeling against Haas, the alleged Intermediary but
cOutended that he haTbored no resentment against
Holmes and declared that In his exposures he
actuated only hy desire promote the public
welfare Van Ripers direct examination COM
peted and his cross examination well entered
upon. He will resume the witness stand to-mor-
row.
sharp TIT occurred between Messrs Beach and
Worthington the failure of tho former TO pro-
duee an affidavit presented by Van Ripper 10 Sec
retary Wilson In 1906 Mr. Worthngton demanded
the document to-day. saying that he wanted It be-
fore the witness could have opportunity to confer
with the District Attorney. Mr. Beach resented
this remark "uncaed for
The finally directed the District Attorney
to produce the affidavit. but before this order
could be served court adjourned for the day. The
District Attorney announced privately that he
would bring the document into court tomorrow
regardless of the summons
Van Ripper said that Holmes had told him that on
a former occasion in 1903, when there had been
leaks in the report, he had gone to the White
House to assure the President that the system was
perfect, and had received the Presidents con-
grauatOns on its excellence.
INA Mr., Holmes tell you at that time whether
there was any Justification Of the suspicion that
there leak?' asked
"IIe said there was: he told me that he had fur
nished the figures to Price and related how Haas
had gone back and forth several times between
him and Price in effort to have the approaching
report manipulated suit Prices condi-
tions The outlook for a report showing a
production of 10,25O000 bales. Price short and
said those figures would not help him and pleaded
to have the amount reduced below 100000, il the
amount could be made higher. that he could
take the other side. Holmes had said that ii could
possibly be made lower than 100000 bales. but
Price had insisted. and the figures made TO
conform TO Prices requirements"
He said that afterward effort made at
Holiness suggestion to get outside place for
Hyde In order that Holmes could be promoted TO
the chief position in the office
New-York tribune., 1907-06-19
OLD COLONY MAY BUY LEASED LINE.
Part Of New Haven Roads Consolidation
Plans. 1t Is Said.

New Haven, June lS-The bill Just signed by
Governor Guild of Massa chusetts. authorizing the
purchase by the Old Colony OF the leased Boston
q Providence road on consent Of two-thirds Of
the stockholders of the selling corporation. is said
in railroad circles here he the first step Of the
New York, New Haven Hartford Railroad Com
pany toward consolidating with itself outlying
railroad interests in Eastern Massachusetts These
are represented by the Old Colony system
including the Boston & Providence and the Provi-
denCe Worcester road. which assumed by
the New Haven corporation under the 10 per cent
lease when 1t took in the New York Boston &
Providence system some fourteen years ago.
The returns 10 the Connecticut Railroad Commits
sioners show that the New Haven company has
been slowly acquiring the shares of the Boston &
Providence and the Providence & Worcester and
owned. b. the last report, 2.g2S shares of the
Providence 4 Worcester and 1O29 shares of the
Boston & Providence. This is a large increase of
the holdings of the two companies as compared
with the year before In the last year IL is prob
able that the holdings have been further Increased
New-York tribune., 1907-06-19
BUSINESS TROUBLES.
The following petitions were iled yesterday with
the clerk of the United States District Court

The following petitions were aled yesterday with
the clerk of the United States District Court:
Involuntary petition Joseph Flagensten. trunks
Third and i2fth and Eighth ave
claims: Bernef & Freedman. S6Sl {;
Sherman, SiTb, Joseph l. AtteTbury, S343
alleged
Involuntary petition against Marie Levey, trading as
Marie. 900 Sixth Creditors and claims:
j. Drew & Son $3.50; Jonas sheuer S2s5. Samuel II
Ipmmis. S49 Miss Madalins L. Doty receiver; bond
$1,000 Transfer assets alleged
voluntary petition by John Madigan and stephen Shu-
fsl:, trading as Madisan & shuffit, West GoxsaGike
Ny. Debts ,49S. and Principal creditor
Albany Brewing Company. Albany. $50
Rocker appointed receiver Of the business
o Annie silver known Annie s. GaIanee, with a bond
OF
A. Berlingham appointed receiver Of the
business OF Louis stanfeld with bend OF $1,000
The sheriff yesterday received attachment for 5000
against property Mae w Mitchell trading the
New York Chemical Company and Atticus II. Mitchell
dealers in drugs No 993 Columbus In favor
OF William p, Jenner. \ lis pendens has been fled
New-York tribune., 1907-06-19


THE THIRTY-FOURTH STREET NATIONAL BANR:
OF NEW YORK. Al WEST S+TH STREET
New York, June g. 1907.
Notice 10 Stockholders:
hereby notified that special meeting OF tks
stockholders this Bank viii be bsd the Office Of tbs
ton Al West 64h street. IN the Borough OF Man
haitian the City Of New York the sth day July.
1907 o'clock p sction upon q resolution
place this Bank IN voluntary liquidation TO tsNs eject
upon named in said resolution which resolu
ton will be In substantially the following form:
Resolved That The Thrty-Fourth Street National
OF New York be placed In voluntary Liquidation
under the provisions sections 5220 and 522l
United states Revised Statutes; such liquidation 70 take
effect July 1907
nd YOU further notified that meeting .
resolution Will introduced for action by said stock
holders in substantially following form:
Resolved the Board Of Directors and ths pTores
and they hereby authorized and
organize Bank under the laws Of the stats
Of New York. 70 be known as NEW NETHERLAND
BANK NEW YORK. to succeed 70 the assets and
that the Directors be. and
hereby certificate
uorarion Of sald Netheriand Bank New York IN
provisions Section So OF Chapter
ESQ of the 1892 OF state OF New Yor such
ORGANIZATION 70 be Of the day of July 1901. -
And you further notified that sction VIII es taken
such other matters be deemed essential In
into force and effect the resolutions 70 %
onersd IS aforesaid Yours respectfully.
CURTIS J. BEARD. Cashier
New-York tribune., 1907-06-19
Proposals.

N~0TICE-sEALED PROPOSALS WILL. BE RE
~ oeived until l. Saturday. June 10Th. 1907 at the
office OF the Pennsylvania Company for Insuranees on
Lives and Granting Annuities 5lT Chestnut
Philadelphia, Trustee, for the sals to II Of
Philadelphia. Wilmington & Baltimore Railroad
Stock Certificates $50 $3.50 will purchase The
offerings prices exceeding par. costing
I'm the aggregate the stated will
he accepted parties offering them advised
and be made when the certificates assigned
and after Monday July list. 1897 Proposals should
he inoFsed Proposals for Of Philadelphia Whining
ton & Baltimore Railroad Stock Trust CeThcates and
addressed {. 5 ". PACKARD. President
5IT Chestnut ST. Philadelphia.
New-York tribune., 1907-06-19
MORE GOLD TO BE EXPORTED TO-DAY

More gold will be exported to Paris to-day. Gold
man sachs & Co having engaged 81, 900 yester-
day for shipfnent the steamship Adriate, which
will sail this morning. This brings the total gold
exports since the present movement began to $3,-
400 600 and some may go tomorrow. II Is
eaid There was a report yesterday, however. that
the Bank of France had decided to suspend the al
Iowance OF interest gold in transit, which would,
of course put a stop 10 further gold exports. Yes
terdav's engagement had no effect the local
change market which held firm ali day at the
same quotations which prevailed at the opening.
New-York tribune., 1907-06-19
WORK ON THE PAN N-AMERIcAN LINE.

CIty Of Mexico June lS--J NJ. Neeland general
manager of the Pau-Amercan Railroad, yesterday
collected from the Mexican government S,20s0
as the third payment OF the subsidy, making the
sum paid to Gate 5000 600, and leaving balance
of 81 10000 which will be paid when the railroad
reaches the Guatenialan border The road is now
within 40 miles of the Guatemaan frontier and
construction in Salvador and Spanish Honduras
will heein before the close of the present wear.
New-York tribune., 1907-06-19
FOR RELIEF OF CAR SHORTAGE.

New Orleans June lS.-Interesting inquiries into
means of relieving the shortage are scheduled
for discussion at the twentieth annual convention
of the American Association OF Local Freisht
Agents Associations. which began here to-day
The delegation from Toledo has made the follow
ing proposition:
MANY shippers show a disposition TO load cars
10 the minirsum governing the commodity shipped,
New-York tribune., 1907-06-19
INSURANCE COMPANY ABSORBED.
London and Laneashire Fire Takes Over the
Standard Marine.

Liverpool. June 1S.-A provisional agreement has
been concluded whereby the London and Lancashire
Fire Insurance Company absorbs the Standard
Marine Insurance Company. Both of these con-
we'll known and have considerable IN
terests in the United States
New-York tribune., 1907-06-19
sLOss. .sHEFFIEIn STEEL 8 IRO,- CO.


The Board Of Directors OF this company have de-
clared quarterly dividend of ONE AND THREE
FOURTHs PER CENT us.Gsl on the Preferred stock.
out Of the earnings. payable July 1907 the Office
Of the Guaranty Trust Company Of New York 70 stock
holders Of record at three p NJ June 20 1907 az the
oAfce OF the Central Trust Company OF New York,
transfer agent Books close three p. NJ. June 20.
1907. and reopen july ID. 1907.
York
New-York tribune., 1907-06-19
TRow BUSINESS DIRECTORIES OUT

Ahe Trow business directories of the city were
published yesterday, One contains the record of
every business house corporation in the greater
city, called the Greater New York Directory; the
other is devoted entirely to the borOughs of Man
battan and The Bronx.
In addition to information about business each
New-York tribune., 1907-06-19
MICHIGAN MINING LAW SIGNED.

today the bill removing the restriction against
mining companies IN Michigan owning more than
ons,derabIe opposition on the ground that 1t might
tend TO build up a mining trust in the upper penn-
s1ig
New-York tribune., 1907-06-19
RAmWAY sTEEL-sPRING CO.

4 quarterly dividend os ONE AND THREE QUAR-
TIERS PER CENT. G4e6J has this day been declared
Preferred Stock OF this Company, payable June
Ockholdcrs Of record June Sth. 1907,
a Harvey Fisk & Sons. o. Cedar Street, New
city
Transfer books Of the Preferred viii be closed
on June Sth and reopened June 2fst. 1901
RAILWAY STEEI-SPRING CO,
r CARNAHAN. Treasurer.
New-York tribune., 1907-06-19
THE BANk o. ANIERICA.


The Board Of Directors have today declared semi
annual dividend Of thirteen OBJ per cent.
payable July 1907. stockholders of
The transfer books viii remain closed until July 2nd
1907 w NJ. RENNET. Cashier.
New-York tribune., 1907-06-19
Office OF
AMERICAN SMELLING s REFINING co.

II Broadway. y. Y. CITY June 5, 1907
QUARTERLY PED STOCK DIVIDEND no. 80
The Directors OF the American Smelling and Refining
Company this declared pviGend OF ONE AND
THREEQUARTERS Ia PER CENT o the Preferred
Capital stock uf the Company payable July l. 1907.
stockholders Of record at three O'Clock r NJ, June a.
The books OF Company for the transfer Of thu
Preferred stock will June
II, 1897. reopeued July 2 1897.
". Z. MERRISS. Secretary.
New-York tribune., 1907-06-19

contains a street list. with information regarding
ways of finding any particular number in a street
or avenue The smaller volume also contains maps
OF the borough of Manhattan and The Bronx