davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1908-08-06
UNION BANK DIRECTORS.
Nezo Members of Board Announced
To Open Nert Week.

The names of the new directors Of the Union
Bank. formerly the Mechanics and Traders. were
announced yesterday, Announcement also was
made that the rehabilitated institution. which has
been in suspension since last January. positively
would be reopened next week. although the day
has not been definitely
The new directors are Bridge Commissioner Ste
venson. Nathaniel H. Levi president of the Broad
Frank L. Wilson: Jacob l. Greatsinger. former
president of the Brooklyn Rapid Transit Company;
John r. stine. president of the New York Leather
Betting Company: Thomas J. o'Donohue. William
II. Lynn, E. J. Stalker. formerly cashier Of the
Chase National Bank. and William II. English
vice-president of the Empire Trust Company
The five directors elected in January, who took
Office few days before the bank closed. will
continue as members of the directorate They are
c. E Donnellon. of the Chauncey Real Estate
Company; S. J. Harding, E A Filter, Paul Grout
and Edward NJ Grout- OF the old board the fol-
lowing, who represent various branches OF the
bank. are to remain: Henry Albers. Barth S. Gro
nin w F. Corwith, William Strasser and Charles
Straus The directorate is thus cut down from
twenty-four members TO twenty
Edward NJ. Grout president Of the reorganized
bank, said that the banking interests from whom
the credit of 100000 obtained without COM
mission bonus are the Metropolitan Bank and
the Empire Trust Company. At the meeting yes
terday steps were taken in compliance with the
report of Clark Williams, Superinte OF State
Banks. to change the of the institution to
the Union Bank of Brooklyn and to change its
place of business to the present Union branch, at
No. Il Court street.
New-York tribune., 1908-08-06
MORE ATCHIS0N BONDS
Secenteen Million Dollar Issue Of
Subsidiary Com pany arranged.

Arrangements have been completed by the Atoh-
ison, Topeka & Santa Fe Railway with J. P. Nor
gan & Co. for issue of NT.oDoD bonds OF a
subsidiary company OF the Atchison system the
bonds being part of authorized issue or S3oVe-
CO. IT is understood that the Issue will be secured
by first mortgage the Belen cutoff. which is
part of the main line OF the Atchison. and other
properties. and by first mortgage on the Pecos
Valley & Northeastern Railroad
The bonds, which VIII be guaranteed both as TO
principal and interest by the Atchson, Topeka &
Santa Fe, will. it is understood be put out IN the
neighborhood Of q 10 e1 and will have preference
over the Atchison convertible issues. At present
the Atchison has outstanding various classes OF
bonds amounting TO a total par value Of sNsSp-
500 including s3onoooo bonds that convertible
into stock
In January. 1907. the stockholders authorized an
issue Of saS 100000 of convertible bonds, Of which
s205S.GD have been sold. and IN 1906 an issue OF
s5a00o.0o convertible bonds authorized, OF
which sf7.114,oOo outstanding. The convertible
5s authorized In 1907 are convertible into common
stock at par at any time UP to June. 1913 1ne
present bonded debt for which the Atchfson is re-
sponsfble is on s-ssa miles of road
New-York tribune., 1908-08-06
ONE BIDDER At SALE.
Publishers ASSOCIATION Sells Print
PaDer at AUCTION.

The sale OF one hundred tons of news print
paper in FIVE carload lots of twenty tons each.
which was expected by the committee on paper
Of the American Newspaper Publishers Association
TO begin open market system Of selling paper,
failed 70 arouse any enthusiasm yesterday
The offering was made by John Norris, chair
man Of the committee at the Exchange Sales
room. in Vesey street Andrew J. Mccormick
auctioneer. announced that the paper had been
made by the Aidrich Paper Company and was
guaranteed to be equal in quality that used by
one New York newspaper. About twenty persons
gathered around the stand. but when there was a
call for bids for the first carload only one bidder
presented himself, his offer being s. 90 {. B. Natu
raj Dam, N Y
After vain attempts TO obtain another bid. the
carload was knocked down to the solitary bidder
who gave the OF C. R Reir1ers Fort Worth
rex or The Texas Telegram the purchaser
The bidder declined to give his own name and
oHered like bid for the second load. which
also knocked down 10 him without competition.
Ihe next three cars were bid in in succession
at the same price for NJ E. Foster. Of THE Texas
Chronicle" Houston Tex the solitary bid in
each case being offered by the same young man
who had made the bids on the first two loads
After the sale he left the salesroom with Mr
Norris.
When asked why there had not been more bid
ders. Mr.. Norris said: II don't know There were
other persons present who came TO the room with
the intention Of bidding. said So Why they did
not bid do not know
NO; they are offering It at the mills around
81 a hundred"
When will you have another sale?'
Il don't know" said Mr. Norris somewhat
wearily. but suppose we'll have one when we
get some more paper"
How did you get the five carloads offered to-
day?"
Il bought them. z o. b, from the rnanufact-
urer"
What significance. do you think. is attached to
the result Of to-days sale?''
None whatever. except that II shows what the
market value OF paper is here in New York
New-York tribune., 1908-08-06
OTHER mARkETs-sY TELEeRAPH.

CHICAGO. Aug S-CArTLE-Rsceipts (ssri-aate1l. "a
81 .osss IS hesers IS sess bulls sass calves ss
s. So stockers feeders SO 60Gss so HOGRsceipts
spTing So SOC IS 90 butchers IS I5es5 %: light MIXED
So S0ss IS. choice light So oGss 90 packins. 81 90
81 as piSs 81 5o9S5 IS: bulk sales. IS Sosss 40
sHEEP-Rsceipts (estiustedl. enos9 hsaa: nsrser
sSss IS: warnings 81 S5GS5 3.
East Buffalo. Aug. 5.-CATTLE-stsadys prime Steers
gao e. 90 VEAIS-Rso-ipts 100 bead msrsse astiVe
and SOC higher az S5Gss HoG5-Reeetrts g. 100 hsA1;
market slow and Sc lower: heavy and mixed. s. I0e
81 90 pss 81 :oss 90 Soushs 6 soGs5 90 sag. SO
c.lnts head marked active sheep steady I5c
higher S5g<T yearlings s3Gsa .; WetheTS - go
81 10 ewes s41s4 IS: sheep. mixed s2Gs4 so
Kansas City, Aug a-CATTLE-Recetptss u. coo head
quarantine Zoe higher choice dressed
s. seTsT 2s fair good s4 Is. wester-
steers So T59S5 50; stockars and feeders. Sfs4 g
southern So sSRs4 50 Southern taGss So
native S2as4 IS native heitsrs g 759sS s.: bulls
head rnarkst opened Sc and closed s.sdy; rsr,
So IS bulk SIS 5oa<S 70. heavy. 81 T0eos g
packers IS So0sa So light - sosss TO-
pigs sass 50 SHEEP-Rscelpts. ZOO had: shssp
steady lambs lower sc9ss 80; and year
81 barS4 20: ara feeders. s20s4-
Cincinnati. Aug h-HO0s-sioS. 1c Etxasr. butch
shippers 50 IS So 90: common - Tse IS pc
CATTLE-steady and quiet: fair g soed sna7psrs.
s5Gs6 common. $40 SO. SHEEP-Steady asd quiet
81 a5Qs4 LAMBs-Stssdy and lower: sSfss T5
Pirtsburx Aug 6-CATTLE-supply light. steady;
choice Sc s0a SO So prime. s6Gse sS sh.eE5-Sup-
ply light. prime weshers - oo4s4 10 euls
ana common, s2as3: lambs. 81 Fs6 40 val calves
sTrs7 so uoG-Recesrts light. steady prime
heavssa 81 81 o. mediums and heavy 1orsers ~ 10;
iivnt Ycrksrs ss soe IS 30; pizs % resSaa SesA
New-York tribune., 1908-08-06
CONFER ON MoRsE's PROPOSITION.
Scheme for Bank OF North America Settle
ment Likely To Be Rejected

Washington. Aug. 5.-Felix Frankfurter had a
conference to-day with Thomas P Kane, Deputy
Collector Of the Currency. to discuss proposition
which the Assets Realization Company OF Chicago
and Charles ". Morse have made TO Charles A.
Hanna the receiver Of the National Bank OF North
America, place money enough in the hands OF
the receiver of the bank pay Of the remaining
liabilities Of the bank TO depositors Several divi
dends have already been paid by the receiver, and
il is desired by some parties that
they all be PAID of promptly, 10 the end that the
Controller may call meeting of the stockholders
for the election Of agent 10 whom the remaining
assets Of the bank may be turned over for lquida-
ton.
Mr.. Kane says the probabilities that the
proposition will be rejected and the banks affairs
wound up in the regular way by the receiver.
New-York tribune., 1908-08-06
HEAVY BUYING OF IRON.
"Ths Iron Age" says

Tine iron age says
Pig iron production in July shows substantial
of coke and anthracite iron in the tnirty
days of last month, compared with l0S2.l5I TONS
ginning of the month was 16i. net gain OF Ten
over the number month previous. The weekly
eoks ana IT. ss5 4e1 gain
of 10000 tons. or at yearly rate OF more
than 1000. 900 tons The daily rate OF production
3s.2S7 tons in July, as against 3s44t tons IA
June. steel works and merchant furnaces showing
nearly the same ratio OF gain in tire month
THE Iron Trade Review says:
Heavy buying Of pig iron by cast iron pipe inter
ests has brought new life into the market. Lead
chased 5000 tons of Southern iron and an order
for 1900 tons. placed recently by New YORK stare
iron places several companies. which have oeen
making low prices out of tn. market for the tnlro
quarter. Although IL may still be possible 70 ouy
a basis of s11 so. Birmingham for No foundTy,
several important interests have advanced their
quotations TO from 81 % 10 81 so IN spite OF tne
Improvement in conditions In the South. however
the situation Is not such to Justify further ad-
vances which IL made. would probably check Ouy-
ing. The Standard Sanitary and Manu1aciuriinis Iiis
plant and is in the market 4oos tons additional
The usual sale basis for Southern product has been
activity in foundry iron The average price OF Bes
sener iron for July SIS g. Valley, the lowest
ing SO 80. Valley, with limited oeInah9 tbe
is very quiet. The movement OF ore from ~
Lake Superior region amour ed In July ,5s % ,e. ~ 80
tons making the total for the season I,Z5oZl tons
a decrease Of 10 29e $50 tons. compared Win the
same period last year NJ. A Hanna & Co. have
sold 100000 tons of on a hve-Eear contIact.
225 sss tons compared with 11os3 800 tons in June
B1ving by the railroads is still Disappointing ana
some ooninanes Catering almost exclusively TO the
railroad trade state that thetr puslISsS 90 -
poor We note however. an order for li0o TONS s OF
trial railroad is in the market for 500 cars me
light rail demand is fairly active
New-York tribune., 1908-08-06
SUIT AGAINST JOHN MULHoLLAND.
Alleged 70 Have Misapplied 100000 Of
International Finance Company Funds

TBy Telegraph to Tia Tribune
Da-vflle Il, aug. 5-A suit in equity has been
fled II The United States court here against John
rCpt or November 2 I907. but who made an agree
neut with his creditors and the court, whereby he
was n issue composition certificates payable in
lss and continue his business turning over 10 his
creditors the profits In the complaint MuIholland
Is charged with fraudulently appropriating and
using S4a0e0 belonging 10 the International Finance
and Development Company, having Offices at No IS
Park Row. New York City. The case is entitled
1John Q. Clrich and Harry p. Joslyn. ancillary
csiFsrs Of the International Finance and Develop
nsnt Company. incorporated under the laws Of
Delaware. agt John MulhoIland. Fairview F1uor-
spar and Lead Company. 81 al. in equity
Il is alleged that Mulholland obtained a lease on
he New York concern. and that $4,000 used in
purchasing The s35 acres in Hardin County, H. on
which the fGorspsr mine was developed, belonged
70 the Inre-na tionaI Finance and Development
Company. and was taken improperly and fraudu-
taat company- The complainants declare that the
agreement entered into by Mulholland with the
oour1 and ms creditors VIII work irreparabe injury
. the company for which they are the receivers,
ana ask that the Fairview FIuorspar and Lead
topsny he turned over 10 them TO he administered
Z he Interest OF the creditors and stockholders of
ne International Finance and Development Com
p2ly- They also ask that the conveyance Of the
q acres be declared null and void
New-York tribune., 1908-08-06
EASTMAN & Co.ANNoUNCE SUSPENSION
Following Arrest of Senior Partner in Chi
cago-Police Find Paper Worth $4,000.

Following the arrest IN Chicago on Tuesday Of
Robert z. Eastman, senior partner Of Eastman 8
Co. bankers and brokers. at No. s3 Wall street.
the suspension OF the firm announced the
Consolidated Stock Exchange yesterday. According
70 representative of the firm Mr.. Eastman re-
moved from the Office the books and practically
everything else that movable. Owing TO this
fact the firm unable 20 give any estimate OF
its Ha bilities. II said that the firm did con-
siderable business until about two weeks ago when
Mr.. Eastman closed out practically all of his con-
tracts.
Chicago Aug. 6-Robert E. Eastman. the New
York broker arrested here yesterday. was found
by the police to-day have in his possession bonds
and certified checks 70 the value of $4,000 Twelve
thousand dollars in government bonds 900
in other bonds and the remainder in certified
checks.
New-York tribune., 1908-08-06

1900 shares Tri-Metalic Mining s1asifnx ADD o.
Refining Company s-Soe- "a
Indianapolis a Western RAILWAY
C>or1pany first and reSundfns rnorrsAxs psr
cent gold bonds; July. 1908 coupons asEAres 81 -
.. shares John II. Thompson Co.. Per snarss
Is shares Dayton National Bank. or Dayron~
1900 shares the Llano Mining and Nlltas cnI-
gnoorrorated under The saSs oe t1s
Territory OF ArtEonal- s@Aot- Z
cs shares Texas and Pacific Coal Company, -
10 shares Metropolitan Surety Company t1s~
- e. -. - o.
1000 shares United CnpDer Company ecnraon n.-.:
5000 Cleveland Electric illuminating Company
per cent bonds due 1877: tnterss- April AID
Octooer =. -
10 shares Nassau Trust Company q Brooklyn
tex rtgntS1 sAte
5000 Colorado Springs Electric Company ar.s
mortgage per cent bond. DUE ie2o5 interest
April and October - -
80 shares Hall q Lyon Company common 50
New-York tribune., 1908-08-06
H. A. vERNET TO REPORT IN LONDON

st. Paul. Aug. 5.-H. A. Vernet, who rep
resents the English debenture holders in the Chi
cago Great Western Railway and who has been
in St Paul consulting with the receivers and in
vestgating the condition and prospects Of the road
started for New York last night, his way back
to London. Receiver A. B. Stickney said to-day:
Mr.. Vernet spent of his time with H G.
Burt the expert, VINO Is examining the proper
ties Mr. Nernet expressed no opinion 1t IS i'm
possible at present for anybody to form q definite
opinion regarding the affairs of the road.
The debenture holders in whose interest Mr.
Nernet came 10 This country do nothing till
they have Mr.. Burt's report The London bankers
who handle the securities of the road simply
watching events in this country.
New-York tribune., 1908-08-06
HIGH RECORD WHEAT ADVANCE.
srong Cables from Liverpool and Bullish
Chicago ReDcrts About Northwest.

NeN nigh records for the present advance in the
locsl wheat market were made yesterday when the
september option sold a. 81 05ls December at s. 071s
ana NAY ~ s. 70 The advance was due TO strong
eeoies from Liverpool and TO Chicago reports CT
Garage 70 spring wheat in the Northwest the lat
Y e'loenuv being greatly colored for speculative
purposes The net advance for the day on the
'fo1uoe Exchange was 2Ts cents for September, g
esnls % Tor December and 324 cents for May The
-sl erect n the advance was on the export mar
ts- II which shipments were checked
ahoVs report on spring wheat makes the state
1ell NAT present prospects DO no indicate q crop
-alerlally larger than last wear when it was 224-
e''F bushels The crop outside Of the three states
@f' month vas figured at 100000 He reports
N'llaersnle damage outside. but still estimating
s outside states the Same as last month and de
1o-i2s hat from the total crop would give a
oer Tor the three states OF 1s5 eooo0. while the
e,sge crop an acre for the last ten years would
--1cste crop Of 100000. His estimate Of the
-l,er wheat crop vas z2o.00.00O that his figures
&c point 70 approximately q crop OF 6440 90
bushels
New-York tribune., 1908-08-06
GEORGIA RATES STAND.
atlanta Judge at Ashe1lIle DissolUes
Speer Order.

Ashevtile. \. c., Aug. 5.-United States Circuit
Judge Pardee. OF Atlanta. who is spending his
summer vacation II this city to-day dissolved the
order of Judge Emory speer prohibiting the South
ern Railway. the Louisville Nashville and other
railroads from enforcing the proposed increase in
freight rates in the State OF Georgia. By the ap-
peal and supersedeas granted by Judge Pardee
the railroads will be allowed TO put their
rates into effect in Georgia as IN other states
pending the final hearing OF the matter.
The order of Judge speer the outcome Of
the action taken by certain railroads which re-
Gently gave notice that effective August l. they
would put into effect increased freight rate
known increase Of the Ohio River rates In
the mean time and before the rates became effec-
tive certain shippers in Georgia appeared before
Judge Speer seeking TO restrain the roads from
putting the into effect. Judge Speer granted
the restraining order and unusual situation
created with a certain rate in effect in Georgia
and another rate in other Southeastern states.
Judge Pardee required the railroads appearing
through counsel give bond TO protect the ship
pers who secured from Judge Speer the restrain
ing order from any loss that they may sustain in
case the suit is decided adversely to the railroads
Commission received a complaint to-day from ship
pers Of the State of Georgia against the proposed
increase in freight rates by railroad companies
operating in that state. The complaint is brought
by the A P. Morgan Grain Company and others.
and declares the proposed advance TO be suppress
sion Of competition and the result OF conspiracy.
Notice Of the complaint served the de-
fendant railroads and they will be given twenty
IN which 10 Ike
New-York tribune., 1908-08-06
LONDON UNDERGROUND BONDS OFFER

1t was announced yesterday that in accordance
with the original plan Of reorganization of the In
derground Electric Railways Company Of London,
Speyer Brothers, of London; speyer Co, of New
York: Lazard, speyer- Ellison OF Frankfort-on-
Main and Teixeira de Mattos Brothers. of Annster-
dam were offering to the holders Of shares and
profit sharing secured notes for subscription. S.
e000o twelve year per cent prior lien bonds 95
BY the terms of the subscription, which will close
IN this city before August 6, 10 per cent Of
the subscription price IS payable application and
the remainder on August IS
New-York tribune., 1908-08-06
NEW YORK CENTRAL LINES EARNINGS

Earnings of the New York Central lines for
June showed smaller proportion of decrease than
that reported in the two preceding months of the
second quarter. The New York Central suffered a
loss in gross Of 81 44.sa3 and loss in net of S3sT-
go. making total loss from January in gross
OF s. 2S0. and in of s2 500. All lines of the
system showed material reduction in operating
expenses and consequence relatively small
loss in net results. The entire New York Central
lines. including eleven companies, lost in gross
earnings June s. 64 5 while the decrease in net
was only ss5,57s. For the first six months OF the
year the total loss in gross was a41S.5I4, and in
net S3S26514
New-York tribune., 1908-08-06
SUSPICION ABOUT TRANSFER STAMPS.

Brokers yesterday were discussing the frequent
changes that have been made recently in the de-
signs of the state transfer tax stamps Some of
them thought that possibly the State Controller had
discovered conspiracy to defraud the Treasury
by washing the stamps and using them again ule-
gally This inference was due 10 the fact that the
latest issues Of the stamps have had the figures
denoting the value the stamp printed in fugitive
ink. which will when put in water making
washing impossible At the Office OF the Empire
Trust Company. however which acts as agent for
the state in selling the stamps, it was said that
nothing had been heard there Of any such con-
spiracv.
New-York tribune., 1908-08-06
RHODE ISLAND COTTON MEN HOPEFUL

Providence, Aug. 6.-Leadng cotton manufactur-
of the state agreed that there is no con-
certed action at present for a curtarnent of
product or a cut-down in wages on their part
They say that while they disappointed in the
present condition Of business, they look for A
stimulation of trade shortly through the legitimate
channels Of supply and demand The fact that the
United States Cotton Company, of Central Falls
has announced a cut-down was not looked on
a possible indication that other manufacturers
were 10 follow suit
New-York tribune., 1908-08-06
mcREA RESIGNATION REPORT DENIED

Philadelphia. Aug. Sat the Offices Of the Penn
sylvania Railroad it was stated to-day that there
is absolutely foundation for the report of gen
eral changes in the executive force of company
The report Of President McCrea's s resignation was
also declared to be ridiculous. Any changes would
necessarily before the board of directors, and
no meeting OF that body is scheduled until Sep
tember. Most OF the directors are away from the
at
New-York tribune., 1908-08-06
Mr.. MoRGAN's PLAN NOT NEW HERE

Louis L. TTbus Commissioner of Public Works
IN the Borough of Richmond. said last night that
a portion at least OF the suggestion made by J.
Pierpont Morgan. jr regarding reforms in street
repairing was not new. He said that the sending
out OF notices OF intention repair streets In order
that trenching companie might carry alterations
or repairs 10 their mains during the work prac-
tised in London. which Mr. Morgan TO Deputy
Contractor McCooey might be tried advantageous
IN this city had been done in the Borough OF Rich
n md for more than six year,
New-York tribune., 1908-08-06
RECEIVER FOR BULTmAN COMPANY

Cincinnati. Aug. 5-William R Thran was ap-
pointed receiver to-day of the Charles E. BuItrna
Company. which recently absorbed the brokerage
firm of Moorehead & Co. The liabilities are va
riousy estimated from 100000 20 100000 with
assets below Sl00000. The Bultman company was
the last Of the larger brokerage houses to Quit
business nearly all having failed since the recent
bucketshop indictment
New-York tribune., 1908-08-06

PROPOSALS. FOR GACNTLETS-DEPOT oCAkTEP-
L masters Once 80 vhttshsn 5rrse< Nyv YORK csy.
1 IeCS-Ssaled proposlA In tr1pLczfs. suc5ec.
70 the usual conditions. viii es rec.fv-d hare u1t1
O'Clock August IT, 4Sse arc toeo opsnec Ic- A1-
PrxtAcsl
phfs Depots % tie (s1zrrsrraAs-rs
DeDsrtu1ent U Army; q, 500 pairs Water Gsuntsts
subject to increase IN quantity % from % per cent 70
desired ey thiz Department fs F1z1s -
reject accept any O. 81 proposals or a1
nart will b~ given 20 Articles %
don1.sric rar<scre conditions q quality sc6 P-os
ncudng in price q foreign pro1ct1ons OF 1Ala-
bang equal Standard san
pies can % specifications blanks for propossls
and f1u Information will furnished application
this depot Envslopes eontaintns proposals e os e.
csartiscs. op>reS Auxus- u.
Ie0s'' Col wM s PATTES. D-poc cu~rtsrrszssrs
nR0POsA A. FOp MTsCEIL.ANDoUs RAILWAY SUP
i pHes-ofaoe OF Assistant Purchasing AEsn- Panana
Pail Road Company Street, Nsv York August
str 1905 proposals VIII oe rscet-ed AZ cnls os
until II. August KTth lsos Tor r1-rtsotlx Ees
rull t1co-Tz9r-c1
nav bA ob-stn-d at this = @ NCaDsIEx Assist
ant Purchasing Agent
New-York tribune., 1908-08-06
MORE FREIGHT CREWS FROM PlrTsBuRo.

Oil City, Penn. Aug 5.-Increased tonnage from
the Pittsburg district made necessary the placing
to-day OF ten additional freight crews on the Chau-
tauqua division Of the Pennsylvania Railroad. The
Allegheny Valley division has put additional
New-York tribune., 1908-08-06
Financial Meetings.
NOTICE OF ANNUAL MEETING.
TO STOCKHOLDERS OF
WELLS, FARGO & CONPANT-

You are hereby notified thss next Animal Me- ns
OF the stockholders said company for the sieon @
and TIE trsnsaetlon q
other hefors t1e neet-As
held Office OF the secrsarZ of ne y'
81 Broadway. New York City. n. Z or Innrsoly
August 13th. 1905, 10 o'clock A N
The Transfer Books closed August l. fss S1a
reopened August 14th. 1905
A W zIMzrzRsxANS. s.c-ss~-v xn-