davidaulloa/AmericanStories huggingface dataset:
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20
THE PRODUCE MARKET.

NEW YORK, Jan. observation-disclosures,
5,S0S; sales, loo; dull and lower TO sell.
Wheat-Receipts, 10000; sales. $50, 900;
after a weaker opening on big North
west receipts wheat rallied ~ a cent on
room covering and the strength OF corn.
May. l09$sa1l0 3-l6; July, 104tz0105,
Rye-Flrm; No. 2 Western, 1914 I. o. b.
New York.
Gorn--Receipts, $3.50; sales none.
Beef-Steady.
Pork-Steady.
1S.o5.
Sugar-Raw. nominal: fair refining. 3.3sd
$50; centrifugal, 96 test, 3.S303. SO; moIasses
sugar, 3.USnS.14. Refined. steady: crushed,
6.G0; powdered: 800; granulated, 400.
@S.75. US 80
ties. s.
Enthusiastically New Orleans. s4a42.
Butter-Steady receipts. $500: creamery
specials. By; extras, 81: third 10 frsts.
2lq50: held. second to special, e361S0: state
nairy, common to finest. 19030: process,
common to special, 15d2S15: Western fac,
tory. common TO first. 16n10.
Cheese-ftrm; receipts. 1a7: State. full
cream, small, colored and white, fine, 15N
do. largo colored. fine. 153z: do, while 15t%.
and carly Novenb ,r-made. 12i5nts1s. do.
Wlnter-madc 1lui2: do. common 10 fair.
9lzd111a: skins. td1t. f'
Eggs-Weak; receipts. 1867: State Penn
Sylyania and nearby. fancy. selected white
HOE; good to choice, 21d30: brown and
mlyed fancy, 26n2'; first. 24lsd25: Western
and Scuthc.h first. "a; seconds. 2sd23Ib'
Poultry Dressed. steady, Western
chickens. 12n90; turkeys, 12n16: fowls. Ia
n13ik. y
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20
N AND

Call money in New York, 21ad5 per cent.
New York Clearing House exchanges. $16s.
941 ,057; balances, 1851, 1874: sub-treasury
debit, 81. 152, $40. The New York Sub-Treas-
ury lost to the banks since Friday 81, 321. 900.
Commercial bar silver in New York, 55ss
cents: Mexical dollars, A cents, and bar
silver in London 25 11-16d.
Paris rentes, 95 francs 5Ta centimes;
Paris private rate of discount. 3as per cent;
exchange ON London, Is francs II confines.
Berlin private rate of discount remains un-
changed.
Money on call in London, 9d31s per cent.
Rate of discount for both short and three
months bills, A per cent Consols for
money, 81 1-16d. for account, "a 3-16d. The
Bank OF England today bought ESQ, 900 bar
gold in opel market, and secured G170, 900
for India and the continent.
Foreign exchange market held a firm
tone. Demand sterling was quoted 4.S6S5@
4S7; cables. 4.S74O14S71&; sixty day bills
4.SS@4S3A; short francs, 5.167s less 1872. and
reichmarks, 95.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20

Liabilities of banks" adds the report,
(which is wrong in principle"
In the third place, it is said that the
Aldrich bill would tend to create a
fictitious bond market II thus lead
municipalities to enlarge their obliga-
tions.
The fourth objection is that the re-
quirements of the bill would entail
"such delays as to make the notes
available only after the emergency had
passed"
The fifth objection has to do with the
taxing provisions of the Aldrich bill.
These sections, it is declared, would
result in the banks suffering a net loss
of 2 per cent. on the notes issued,
whether they were taken out against
purchased or borrowed bonds.
The sixth objection asserts that the
cost of taking out the notes would be
paid ultimately by the needy borrower,
who would be burdened by increased in
terest charges at a time of year, usually
in the autumn, when he could i'll afford
them.
After a general caiticism of the Fow-
Ter bill, the commission sums up the
situation as follows:
Let us not be unmindful of the fact
that in response to the demands of the
people unsound and radical legislation
has had It's precedent in our monetary
history. After the panic of 1873 Con-
gress passed a bill increasing green
backs by $44, 000, 900, a project which
was wisely vetoed by President Grant.
After the panic of 1898 Congress APP
proved a measure providing for the
cofna pe of 81. 600 600 in silver. Which
was vetoed by President Cleveland. In
these two instances we have had ex-
amples of hasty measures following
financial panics. And in the two bills
herein discussed we have what appears
to us to be similar unwise measures
following the recent crisis"
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20
FINDS WAY TO RECUPERATE
PR0vIDENT SAVINGS LIFE.
Investigator Believes Society Can Be
Brought Out Of Trouble Sound
and Solvent.

NEW YORK. Jan. 0.-E. p. Ritten-
house. insurance commissioner of Colo
RADIO, made public today his report on the
examination of the Provident Savings Life
Assurance Society.
The report, addressed to the officers of
the society in New York, includes the
result of the examination by S. Herbert
Wolfe, the consulting actuary, who made
the investigation for the insurance com
lnissioners of Colorado and New York.
The management of the company in the
past is sharply criticised in the report,
~ is the official conduct of E. r. and o.
r, Thomas and the Philadelphia syndicate,
which made a deal TO take over the
Thomas holdings in the society.
The comm issiouer adds that he has al
ready suggested the abolition OF the off,
cial positions in the society. excepting
a president. and a curtailment of ex-
penses during n period of recupcration.
IF this retrenchment policy were pursued
it seemed practically certain that the So
ciety would emerge sound and solvent,
and be able to resume writing new bust
ness in the near future.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20
SUES TROLLEY
O DAMAGE
TO PIPES
Water Company Claims
Loss Of Millions Through
EIectrOIysis.

PHILADELPHIA, Jan. A.-Because it
has long bntn known that the supply pipes
nf the city's water system have been Sc
sr1dhslY. damag cd by corroslon and disinte-
grafton as the result OF electricity escaping
from the tracks of the trolley system. the
suit brought by the North Springfield
Water Company against the Philadelphia
Rapid Transit Company is attracting
widespread attention.
In its bill of complaint filed in the Court
Of Montgomery County, the water COM
pany charges the corporation with opera
ting its street railway system in such an
nnskillful manner as to cause the current
To- leave the cars and rails and seek an
outlet through the water mains, resulting
In repeated breaks aud otherwise weaken
ing the supply pipe service.
There are LOO miles OF city water pipes.
valued approximately at $685. 0 10000. and it
l. estimated that the damage done by
clectrolysis, the term coined by experts to
apply where escaping electricity has seized
water pipes, will aggregate millions of dol
lars.
The water company has asked the Mont
geometry County court TO issue an injunc-
ton, operative after a reasonable time,
which VIII prevent the traction corpora
lion from operating its ears OF power
houses at Ogontz, Willow Grove and
Chestnut Hill, until such protective meas
ures as will safeguard the water pipes are
Installed by the Rapid Transit Company.
The court is also asked to fix damages
already done to the water pipes.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20
CONDITION OF THE MARKET.

MIR. Cooper, of Ripley & Cooper. SAID;
THE market has been held up for a num-
Der of weeks only through the support Of
a few manipulations in Wall Street. AS an
example how the market we think will be
treated, take Shelters for instance. This
stock has been run up 20 points in no
time and was being sold insiders, and. We
rear from reliable sources by the Gurren-
helms under assumed names so as to nor
arouse suspicion until it reached nearly so
Then support refused to come to the stnclr
and what was the result? 1t was banged
right down to 81 and a fraction today
since last Thursday. All of the other lead.
ing Issues SUCH as Northern Pacific. Great
Northern. Union Pacific, Reading afr
will encourage in our estimation the somo
thing. Socks are not up because of their
present gaming J1erit, hut for purely M
f~essional and large interest proposes who
nrc trying to uRload Of their surplus 4,ols1
ings. All reports that Industrial corpors
lions arc returning to work thonssnds :,
laid-of employers are exaggerated ana ~
raliroads as y shown by their Statement
are not earning the large dividends fbeS,
have TO pay. II is only 4 matter ~
Gay or even a week before sfocks A,gi
re treateu as they should be accordine "
snetI earnings md present conditions Var.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20
BLAMES AUTOISTS FOR
DAMAGES TO HIGHWAYS.
Make Them Pay Handsome License
Is the Advice of the State
Road Commissioner.

TRENTON, Jan. 2o.-Accompanying the
nnusl report of State Road COMMISSIONS
Hutchinson. which is now in the hands of
Governor Stokes, is an article on road re-
pair, which the commissioner says is the
problem for counties to face.
According to the road repair section
of the report there Was spent in New
Jersey last year for road repair s64s. ASS. 60.
Of which sum the State gave from its au-
tomobile licenses and fines $50, 1895, leav-
ing the counties to furnish $592,014.7o OF
the repair moneys. Because 1t is admitted
that automobiles do an immense amount
of damage to roads, the commissioner be-
lieves that their owners hould pay a
handsome license fee, thus decreasing the
burden or the people to keep the roads in
elegant order.
The details OF road repair amounts in
the various counties last year are as fol-
lows
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20
BUSINESS AND FINANCE.
WALL STREET
GENERAL TONE DULL AND
IRREGULAR.
American Smelling Breaks Badly-In'
%ternationsl Pump and National
Lead Drops.

NEW YORK, Jan. "a few individua
stocks made sharp gains in the openins
dealings today, but the general tone wa
dull and irregular partly in sympath,
with the hesitating tone of the Londor
market. st. Louis Southwestern pre-
ferred advanced 16s, Missouri Pacific IA
Denver and Rio Grandc and Utah Cop
per / and Canadian Pacific. Amalgamatet
Copper and American Ice large fractions
American Smelling broke badly, sales oil
100 shares being made at 705s and 701a
and running sales of 10000 shares from
70 to SIS. The closing price on Saturday
was 7t5s. National Lead declined rs, In
ternational Pump / and Pennsylvania and
American Shelters securities preferred
3 q.
Il a.. m.-The drastic liquidation In
American Smelling. which cost it As be
fore 1t was checked, had n damaging
effect on the rest of the list and heavy
blocks of stock were unloaded. Effective
support developed afterwards for South
ern Pacific and representative railroad
stocks made up their declines. American
Smelling also recovered about a point, but
1uctuated feveris1ly.
Noon--Priccs moved In an extremely
irregular manner. Pennsylvania advanced
IL with the decision of The Pennsylvania
Supreme Court against the constitution
ality of the two-cent fare law, but lost 1t
in the course of the hour, and the whole
market reacted. Bonds were firm.
/ p. m.-The market became heavier in
toue after midday, and some stocks touched
the lowest when Rreading dropped to 100,
hut there was not much stock sold. North
western and international Paper preferred
yielded Ia.
2 p. m.-Business decreased steadily and
the narrowness of the market offered little
opportunity for possible trading operations.
The uudertone was somewhat steadier at ?
o'clock. Pressed Steel Car preferred gained
; points. Wisconsin Central preferred az
ind Central Leather preferred ?. Pacific
Coast second preferred sagged 5, Kansas
md Texas preferred IL and Ontario and
/.
3 p. m.-The market closed weak. The
sag in prices established l point declines
Or more in St. Paul, Atchlson, Kansas and
Texas, Rock Island preferred. Denver and
Grande preferred, u. S. Steel pre-
ferred, Amalgamated Copper, American
Locomotive, U. s. Rubber and North
Union Pacific, Reading, Ma
tional Lead and Westinghouse Electric
fell 2. American Smelters Securities pre-
ierred 3 and Corn Products preferred
gains of ! and Pullman 2. There
some irregular rally, but it was not
leld. American Smelling plunged to 6a
below Saturday in the final dealings.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20
PHILIPPINE POSTAL
SAVINGS BANK REPORT.
2,676 Accounts in Institution Which
Has 235 0fices on the
Island.

WASHINGTON, Jan. 20.-The Postal
Savings Bank in the Philippines has not
been very well patronized by the natives,
according to the annual report Of the chief
of the Bureau OF Insular Affairs.
Failure of the natives to take advantage
of the bank is explained in the fact that
the savings stamps, the use of which are
expected to encourage native depositors,
were not received N the islands until
months after the banks were established.
The Postal Savings Bank in Manila be-
gan operations on October /, 1906. and on
June 50. 1907, there were 2G5 offices open
in differe~t parts OF the islands. Since
that time the number of accounts has
reached ISIS, OF which 60.4 per cent. were
American depositors and 35.3 per cent ma
tiYes. The resources of the 2S5 offices now
amount TO about $255, GG0. The depositors
are paid 2s per cent. interest while the
funds have been reinvested at 3Ik per cent.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20
BANK RESUMES
.HAMILToN'S DEPOSITS Ex-
CEED WITHDRAWALS.
Plenty of Cash to Meet All Demands
Declares New President Of
Institution.

NEW YORK. Jan. 9o.-The Hamilton
Bank and all its branches, which were
closed at the beginning OF the financial
depression. were opened for business today
and resumed payments in a way that re-
stored the confidence OF depositors and re-
suited in considerable more money being
taken in at the receiving tellers' windows
than was paid out.
At the main repository of the bank, 21b
West 125th street, Frank H.. Grant, the
new president of the institution, was on
hand early, and, with y large corps of
clerks. was ready for business when the
doors swung open on the stroke of 9.
WI are ready to meet all demands,
said Mr.. Grant, and We have. all the
ready cash hal is required TO satisfy all
our depositors. | am very much pleased
over the outlook"
There were but six persons in the lobby
of the bank when it opened for business,
and there was no suggestion of a line
or the six persons on hand three of them
were therf to make deposits. Mr.. Grant
said that he was in receipt of communica-
tions from business men all over the
Harlem district To tho effect that they had
no Intention of drawing out their deposits,
but that on the contrary they would add TO
the money they already had in the bank.
Between s and $50 o'clock this morn
ing a big automobile bearing 100000 in
cash called at the various branches of
the bank and distributed the money.
The branches of the Hamilton Bank are
the Washington Heights branch, 1907 Am
sterdam avenue; tho Seventh avenue
branch. 1S5th street and Seventh avenue;
the fremont branch. 765 fremont avenue;
the Williamsbridge branch, 1914 White
Plains avenue; the Melrose branch, 165d
street and Third avenue, and the Port
Morris branch, at 13Sth street and Willis
aVenue.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20
DIVIDEND DECLARATIONS.

Fairmont Coal Company, of 2 per cent,
payable January 81; books close January
%, reopen February /.
Consolidation Coal Company, regular
quarterly of IL per cent. and an extra Of
per cent, payable January 81; books
close January 90, reopen February |.
II. B. Clafin Company. regular quarter
~ OF ~ per cent. on its first and IA
per cent. on its second preferred stocks.
Payable February J.; books CLOSE Janu-
airy %. reopen February /.
Pullman Company, quarterly of 80 per
share, payable February IS to s%tockhold-
ers of record January 81.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20
WALKING IN
SLEEP ADMITS ROBBERS.
Declare President Gave Combination to
Vault Lock While He Was
In n Tranca
in a Trance.

JACKSON. Miss, Jan "a unique
confession made to A. w. Thomson.
president of the National Bank of Hat
tiesburg, by James Harper and w. It.
Smith. bank robbers, brought back from
Seattle, where they were caught after a
long chase.
Harper a the bank president walked
in his sleep. He and Smith watched the
bank for several nights, according to
their confession, and frequently witnessed
Thomson enter with the aid of his door
key. They never dreamed that he was
not In full possession of his senses until
they saw him unde an electric light,
with his eyes closed.
Then the robbers say they conceived a
plan to enter the bank With Thomson and
to gag him If he came out of his trance.
They declare that Thomson gave them the
combination to the safe which they looted,
and that they left, leaving Thomason
asleep in the bank.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20
HUDSON MAN FOR STATE
BOARD OF ASSESSORS.
Mat C. Ely Declines offered Position
and Assemblyman May Get
the Place.

JERSEY CITY, Jan. a0.-Gov. -elect
Fort has decided to appoint a Hudson
County Democrat on the State Board of
Assessors. He feels that. inasmuch as
the State board will levy the assess
ments on second-class railroad prop
erty in accordance with the recent de-
cision of the Supreme Court, it is only
fair that Hudson County should have
a representative on the board.
The place was offered to Mat C. Ely,
of Hoboken, a former editor of the
Newark Advertiser. but Mr., Ely. who
is now connected with the Hudson OBJ
server, preferred to stick to journalism.
Asseinblyman Charles Hendrickson, 1t
is said, may get the job.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20
THE COTTON MARKET.

NEW YORK, Jan. 20.-The cotton mar
ket opened firm at an advance of 20 to
q points, and during the first few min
utes showed a net gain of rs to IS points
on the active months, which made new
high records for the bull movement. Tire
advance was due to very firm Liverpool
cables, covering and bull support. but Of
and the market reacted about 10 points
under realizing. Later fluctuations We're
irregular at a net a of about Is to
20 points.
The market was less active late in the
forenoon, but hell steady on commission
house bnying and bull support with prices
about % to "a points net higher at mid
day.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20
DIET MEMBERS FORM TO
FIGHT JAPAN'S BUDGET
Governments Opposition, United, Will
Probably Defeat Mikado's
Financial Policy.

TOXIC, Jan. 20-At the Daido Club, to-
day, sixty members of the lower house in
the Diet issued a manifesto, which pro-
claimed unalterable opposition to the inan-
cial policy Of the government,
This is one of the significant develop
ments Of the present situation, because
Marquis Katsure. the former premier, is
recognized as the leading spirit OF the
Daidos.
This action unites the Daido with the
Progressive party, and practically ,unites
the opposition, in which event the govern
ment would be defeated in its attempt to
carry through the budget.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20
CHOOSE A. |. M'DERMOTT.
Jersey City Man Temporarily Head of
Washington Railway and Electric Co.

WASHINGTON. D. G.. Jan. 20.-At the
election Of the directors of the Washington
Railway aud Electric Company on Satur-
day afternoon Allan j.. MeDermott, OF Jer-
soy City, WAS elected temporary president.
A resolution was passed whereby he is
president of the road only when he is in
this city, and he is not here very much
the actual duties OF the position will de-
volve upon Vice-President Norment. Will
lam Joeb. jra secretary to the President.
Is one Of the directors 1t was expected
that he would be elected president Of the
corporation.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20
MORGAN MADE BIG LOAN
TO EMBARRASSED BANK

TORONTO, Ont. Ian. 0,-There is
much speculation as to how the share
holders of the Sovereign Bank will fare
when the final statement of the liquida-
ton Is issued.
The Dresden Bank OF Berlin acquired
It's holdings at 1870. During the past few
months J. p. Morgan & Co. and the Ores
den Sank loaned 10 the Sovereign Bank
nearly se.5oo,00O.
The interests Of these two concerns. It
is Understood. are fully covered.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20
CHICAGO GRAIN MARKET.

CHICAGO. Jan. 20.-Wheat today opened
weak but quickly rallied on buying by
shorts. May opened 1s0Ss to sos lower,
at lOl1s to 102, sold at 1919, and then add
vanced to 1O2lsd102h.
May eori~ opened Is lower to Is higher,
at 5s7s to 6ois, and sold at COZ.
May oats opened unchanged to Is lower,
at 5S7s to "a.
May provisions opened firm. pork &c
higher, at lS.521a; lard unchanged TO 2s
higher. at 500 to s.02ls. and ribs un-
changed TO &c higher. at Z.@ to TO, and
sold at 7191S.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20
HEINzE CASE CONTINUED

NEW YORK. Jan. 2o.ATbc bearing in tn,
ease against E. Augustus Heinze. former
president Of the Mercantile National Bank
who IS charged with oycrcertifyiug check.
uraWn on that institution, WAS to have beer
held in the United States Ciranit e9o,srt II
DAY, but was postponed until January 81
Mr. Heinze pleaded not enilty when ar
restoA He Is under $4,000 bail.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20
THE LONDON MARxrr

LONDON, Jan. D-American securities
opened firm today. First prices were az
TO x higher. but later the movement bc-
came irregular and at noon the market
was anout steady, With values from q be-
closing. " On
After an irregular movement in the last
part OF the session the market closed bet
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20

st. Louis Southwestern. second week
In january. s14S, ia. decrease $s4, 1sS. From
July !. IS. 132, increase $l44, 1885,
Chicago, indianapolis and Louisville for
November, gross $417 $50. decrease S10.6i6,
operating expenses. $500. 272, Increase Sill
so; not. 6,aSS decrease So. 156; taxes
$50. ies. decrease $s2.657.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20
100 Much Cornstarch.

Little Johnnie doesn't like to be kissed,
but sometimes he is compelled by some
gushing friends of his mothers to sub
init TO the ordeal. The last time they
called he went through the operation as
gracefully as possible. but after their de-
partuIe he remarked. vigorously rubbing
the powder from his face:
Mamma don't like to have them kiss
me. IL tastes just like kissing a marsh
malloW .N--JiIdcc.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20

Jones That was a scatbing sermon on
mean mon the parson gave us last Sun
day. Wonder what Smith thought about II.
Brovn-Singulari 7 met smith yester-
day aud be said he'd like to know your
opinion Of it.-Philadelphia Inquirer.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20

Mrs. Jolt-I sec a woman with a pedon
cter discovered that she covered sever
miles n day in doing her ordinary work.
MIR. Jolt-Must have had il attached
10 her law. OBSERVATION-DISCLOSURES States
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20
10 YEARS PRESIDENT.
Atlantic City School Board Elect.
Adams Fourteenth Tine.

ATLANTIC CITY, Jan. 2o.-Clement J.
Adams was reelected president of the
Board of Education for the fourteenth
consecutive year. The board plans to re-
build the Texas Avenue School at a cost
of $40 OO.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20
She Knew Her worth.

well. Cholly."
Miss P~rettygiri2'
Would you get mad il wanted to kiss
youst
why. no. I don't see how you can help
wanting t~o.s--Louisville Courier-Journal,
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-20

The COMMISSIONS says that under the
automobile law passed two years ago the
State will ave about $50, coo to distribute
in 1908 among the different counties as the
States Contribution toward repairs.