davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1908-08-05
N. and Il. TO REOPEN.
Clark Williams Satisfied sCith Plans
of Reorgani2ers.

Clark Williams, State Superintendent of Banks
submitted to Justice Pound, of the Supreme Court
yesterday, his long delayed report the Mechanics
and Traders Bank. under suspension since last
January. The report of Mr. Williams on The plans
for the reorganization of the institution. its inan-
cal status, supplemented by suggestions TO its re-
organizers, was all of character satisfactory to
them. and the resumption of business by the bank
will probably take place next week. It will be
known as the Union Bank of Brooklyn.
Edward NJ. Grout, Of the voting trustees of
the Mechanics and Traders Bank who will be
the president OF the rehabtated institution
said yesterday that the institution would re-
open with capital of s1,o00Oo0 nearly as much
surplus. 1t was announced that Edwin j. Stalker
for many years cashier of the Chase National
Bank would be ce-president, and the names of
the directors will be made public in a few
days Mr.. Grout said that the new management
would be conservative one.
Superintendent Williams. in recommending that
the Mechanics and Traders Bank be permitted to
resume makes these suggestions:
First-That the main Office and the branches To-
Gated in Manhattan be closed. That the Fulton
street and the Hancock branches, located in Brook
lyn, be closed
Second-That the necessary steps be Immediately
taken taken to change the name of the corporation 10
Third-That the bank should resume business IN
der an entirely new management
presidency of Mr.. Grout is not merely temporary.
sixth-That in case the credit of 100000 referred
pothecated shall not be in excess of twice the
amount of such advance, and that right of sub
stitution be granted the bank. That option
of renewal be secured for further period of at
least six months from the expiration of the loan.
Seventh-It is important to the success of the
bank that the expenses OF administration be kept
at the minimum.
Eighth-That the expense of committees
sumption and counsel fees, If be stated to the
court.
The examination of the affairs of the bank by
the State Banking Department, Mr.. Williams re-
ports, shows the following condition.
New-York tribune., 1908-08-05
Receipts. Exports.

04 first Importance in the warfare upon our
commerce IS the dffereutial- In showing its pur
Simon Sterne who made the subject a life study
and who maintained heroic struggle 10 secure
economic justice for the people of New York. Mir.
The contention that an arrangement which
rIsces New York equality with other cities
is rot diScrimlnstive against New York, because
New York as Mr. Vanderbilt thinks has no right
10 superiority. must be concluded to be pure and
simple nonsense. To level by artificial regula-
natural or acquired advantages down TO the place
al It's rivals Is discriminate most inJuriousy
against the one having the advantages
The power &c lay such subtle and arbitrary tax
ss Is involved in the differential upon the COM
nnerce Of community. is plenary power to reg
rlate commerce a power which is by the Consti-
gtion of the United States vested in Congress and
denied 10 The states: il, in exceptional cases. the
eKigencies Of the transportation problem seem to
require solution oy the use OF such power, it
should be exercised only in accordance with the
Constitution under the striCtest governmental con-
troll &c the end that communities and individuals
nIay not be subjected the arbitrary will Judg-
rnent al. caprice OF irresponsible power.
Hoe serious Is the effect of this discriminate
IS seen when We find that merchants in Chicago
s. Louis and other Western cities obtain
reTcan ndISe from European ports at cheaper rates
than our railroads charge from New York to these
same cities
our difficulty is thus two-fold. First the differ
adequate means for the economical interchange of
-~af5c between rail and water. coupled with
bfant charges for dockage. wharfage, grain ele
aafc- and compulsory pilotage OF
which conspTe TO make New York the dearest and
least desirable port TO do business in. How can
expect TO retain our commerce under such con-
Gitions7
Is il any wonder that our harhor is fun Of empty
ships. lighters and other vessels unable to secure
outward csrEoes2
The conference adjourned to meet again in two
weeks Al a time and place to be decided by the
chairman.
New-York tribune., 1908-08-05
NAY BE No STRIKE
Lacka1canna and Representative
Mem Say Trouble Is Settled.

According to representatives of the railroad men
and OF the Lackawanna, there Will be no strike OF
the switchmen and the trouble, if there Is any VIII
be settled amicab,y An officer of one Of the rail-
road brotherhoods emphatcally declared that there
would be strike. He has been in touch with
the men at the strike centre in Scranton, Penn,
but would not say why he spoke so confidently.
The switchmen who are threatening to strike be-
long to the Switchmens Union of North America.
which is not regarded by the brotherhoods as the
regular union. The Brotherhood of Railroad Train
men, which contains more sw1tchmen than the
Switchmens Union of North America. though 1t in
cludes baggage and yardmer as WELL Is looked
upon as the regular union ot switchmen- There
are members of both organizations working as
switchmen on the Delaware Lackawanna & West
ern system, and It is thought that in case of a
strike of the swtchmen in the Switchme1s Union
of North America the Brotherhood men will con-
tinue at work
President Truesdale of the Delaware. Lacka-
wanna e. Western is a vacation, but his per-
sonal representative said yesterday that he was
convinced there would be no strike. The strike
talk was exaggerated, he said and Mr. Truesdaie
would not be away if he were not pretty certain
that there would be serious trouble AS to the
reports that several hundred had been laid off
for taking an active part in union matters he SAID:
THAT report is absurd The men were laid on
in the shops, not in the operating department be-
cause the shops busy until getting the
rolling stock in readiness for the increased busi-
ness We hope is coming and will be taken on when
there is work again. They were laid off because
there more for them do at present The
company does not discriminate in favor OF or
against union men, and everything has been exag-
gerated. There is no condition to justify the
expectation of a strike, and Mr.. Truesdae has said
he believes there will be strike.
He said the company had agreements with the
swftchmen in both organizations. The Brother
hood men were more numerous, he thought, except
AT Buffalo, where there were more men belonging
to the switchmen's Union Of North America than
to the Brotherhood.
Martin A Knapp, chairman of the Interstate
commerce Commission, said yesterday that he
might meet Commissioner Neill in this city. to-day
10 olscuss the threatened strike. In any event Mr.
Knapp said. he expected to meet Mr. NeilI in
Washington within a few days when the matter
of the Lackawanna swftchrnen would be considered.
New-York tribune., 1908-08-05
'CITY'S CREDIT RISES
Again on -Four Per Cent Basis
ShO1cing Wall st. I'm proUement.

Controller Metz announced yesterday that the
city is again per cent borrowing basis, and
to prove it he showed checks from J. & W. Selig-
& Co. for s5.039. .4S0 in payment for per
cent bonds left from the sale of August 1907.
when per cents drug the market.
In addition this the Controller said he had sold
to Wall Street house S1,00OO00 of special revenue
bonds running ninety days at the rate of 21z per
cent per annum. In connection with the purchase
the Controller the following letter the Sc
ligmans:
interchangeable coupon and registered corporate
stock, due May 1. 1851 provides the city with suf
ficient funds for its present requirements and for
all its additional requirements for the calendar
year 1908 for which corporate stock is ssuable with
to be sold in any event not earlier than November
l. 1908 therefore state to you that do not intend
corporate stock other than the s125OO0oo above
ferred TO, this before November /. 1908
nection with any public sale of the above named
bonds or otherwise. as you may deem 1t advisable.
The bonds sold at par and accrued interest. In
commenting on the financial situation the Control
Ter said:
There no surer indication of easier condition..
I'm Wall Street than the sale made to-day to the
Seligmans Twelve fifteen millions of dollars
in addition to the proceeds of the bond sales to-
day will carry US through the year The first of
the year we had pay between s and 6 per cent
interest special revenue bonds issued in antici
patton of taxes and to-day sold a million dol
lars of the same kind of bonds a 2la per cent
basis That shows there is lot OF idle money in
Wall Street seeking safe investment. The money
we have In hand will be spent for the actual
needs of the city. I shall certify contracts from
time to time that are warranted but even with
easier money there is justification for extrav-
agance which this department will constantly op-
New-York tribune., 1908-08-05
DELANo TO LEAVE THE wABAsHg
Reported in Pittsburg That He Will Tender
His Resignation as President
rBy Telegraph to The Tribune. ]

Pittshurg Aug At rumored here to-day
that President Frederick A Delano of the Wa
bash Railroad had sent word TO both George J.
Gould and E. H. Hartman that he would be
pleased TO be relieved Of his place as head Of the
wabash II is even hinted that Mr.. Hartman will
have a hand in naming the successor to Mr. Della
no who may possibly not retire before the annual
,,7eetins Of the Wabash. 10 be held in October
That President Delano and George j. Gould have
been at daggers' points for some time ia no secret
In Pittsburg and friends OF the former here de-
clare that Mr. Delano would have. left the Wa
hash some months since had he not foreseen
trouble coming for the road.
New-York tribune., 1908-08-05
BILLION OF EXEMPTIONS
Property Not Tairable Reaches to a
Huge Figure.

The report of the Tax Department made public
yesterday, shows that the value of the property
exempt from taxation IN this city is 81 23e ssS S
According TO this report Father Knckerbocker
holds $500 oooo0 worth Of real estate which Cen
Park is the valuable single piece, being
valued s215.ooo.O0 The United States government
about ss5.ooo0oo worth of property. Governors
Island is held Sc 10000
The other exemptions made up largely of
churches. hospitals and cemeteries The subway
system is also exempted
The following are the valuations placed on the
property of the city in Manhattan:
New-York tribune., 1908-08-05
WEST TO FIX OKLAHOMA COAL PRICES.

Guthrie Okla Aug 4-Mantaining that under
Okahoma's antitrust laws the state has authority
to regulate the price of coal. Attorney General
West will file a petition tomorrow with the State
CORPORATION Commission to have Oklahoma mine
coal sold to the consumer at from $ to % % ton
i.,aad of from 81 20 TO S. as at present In case
coa1 cornnanies resist he claims power under the
,au to have receivers named for the property The
section of the law under which West will act was
written bv himself.
New-York tribune., 1908-08-05
THOMAS w. LAWSON.

whom he had taken for a ride. mraculously
capped Injury, though the was demolished
The chauffeur, who driving the at thirty
miles an hour, did notice the sharp curve in the
road it approached the bridge, and drove the
car directly through the high iron railing on the
side. Cunningham crossed to Creenport in the
alone early last night, and invited four men,
three OF whom were yachtsmen and the fourth
sailor OF United States cruiser accompany him.
They returned to Greenport In a farmers wagon
New-York tribune., 1908-08-05

Ballston N Y. Aug 4.-Trsn No. on the Della
ware e. Hudson Railroad which left this village at
o'clock this afternoon. wrecked just north OF
Mechancviile. the locomotive jumping the rails
and plunging diagonaliy across the tracks Johh
Butler. the fireman. was badly injured The pas
sengers escaped unhurt-
Every car In the train left the track and two of
them were overturned. the wreck blocking traffic
both ways until o clock tonight The accident is
believed TO have been caused by spreading rails
New-York tribune., 1908-08-05
m,,sr PAY KINGSTON FIRE LOSSES.

Kingston Jamaica. Aug. AFTER eleven months
o4 Itipaton the insurance companies have been de-
feated in their attempts to resist payment OF the
insurance claims resulting from the damages
caused bv the fire of January H. 1907. when Kings
tor Was visited by an earthquake News of this
so,;s,or ras receiyed here this morning from Eng
land where the appeals of the companies from the
decision Of the lower courts of Jamaica have been
dismissed by the Privy Council. The amount IN
voved is 81 10000
New-York tribune., 1908-08-05
rIMseRLAND HOLDINGS SOLD.

Bath Ne. Aug. 4.-The NJ c.. Shaw Lumber
Company of this city to-day sold it's timber land
holding comprising between forty thousand and
forty-fve thousand acres to the Hollingsworth
& whitney Co, of Boston, which has pulp mills
81 Winslow. The price vas not announced.
New-York tribune., 1908-08-05
THROUGH A BRIDGE RAILING.
Chauffeur and Companions Have Narrow Es-
cape Near Greenport
lnv rel.graph 10 The rrleune. ]

southoid Long Island, Aug. A big touring
car said to belong to Miss N. T. Scott. Shelter
Island cottager was off Mill Creek bridge. two
miles east OF this village. last night. and crashed
into Tie creek, thirty feet below. The chauffeur,
named Cunningham AID four companions.
New-York tribune., 1908-08-05

Cincinnati Aug. with liabilities that may ex-
ceed 100000. Charles e. Bultman Co, brokers,
through their attorney, announced to-day that an
assignment would be made for the benefit OF cred
itors. No statement OF assets has been made.
New-York tribune., 1908-08-05
and interest
FERRY COMPANIES
COBALT PRICES IN TORONTO
FURNISHED and corrected daily BY Stewart & Lockwood
No Exchange PIaceO
SAN FRANCISCO STOCKS.

san Francisco, Aug the official closing quotations
for mining stocks to-day follows:
New-York tribune., 1908-08-05

Regarding the trouble between the Delaware,
Lackawanna Western Railroad Company and Its
swftchmen, the Coal Trade Journal will say to-
day:
There has been considerable published within the
past few days relative a probable strike of
switchmen on the Delaware Lackawanna & West
ern Railroad, and stories of appeals TO Roosevelt
Commissioned Nein nd To oil
Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1908-07-22
sHsINERs CHOOSE LOUISVILLE.
Elect Officers and Hold Drills and
Parade.

st. Paul, July 1.-THE Shriners
yesterday elected officers and decided
to hold the concIave of 1909 in Louis
vile.
In accordance with precedent, Frank
c. Roundy, imperial potentate, was
not a candidate for reelection and be-
came past imperial potentate. The
officers below him were advanced
step. leaving only the lowest office
outer imuerial guaid-open to con
test.
Four candidates were voted on for
this Office Charles E. Cvershler of
Minneapolis was finally elected.
The council granted a dispensatlon
to me Masons of Seattle, Wash, to
organize a Shrine there.
While the imperial council was in
session, Arab patrols We're giving an
exhibition drill at Lexington ball park.
The competitive feature of the CON
test was eliminated by the announce
ment of Imperial Potentate Roundy
that no prizes would be given.
The event last night was the pa
rade of Arab patrols in Minneapolis
similar In many respects TO the cleo
triea! parade in st. Paul Tuesday
night, and a reception by state Off
cials at the capitol in this city. Re
ceptions were also held by the var.
ious temples at their headquarters.
Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1908-07-22

him from the maddened worshippers
Outside. the policeman and his charge
were surrounded by several hundred
persons who We're about to tear Ala
from the officers hands, when several
priests and franciscan brothers APP
peared on the steps and pleade,. with
the enraged people to leave the aveng-
ing Of the awful murder to God. The
presence of the ecclesitiacig interced-
ing for the life of the destroyer of a
beloved brother had effect The siugle
policeman was permitted to take
Ala away in a buggy hastily driven to
police headquarters. Several hours
later ALA was spirited out of town in
an automobile and taken to Colorado
Springs for safekeeping.
The trial was comparatively brief,
but every opportunity of defense was
given. Insanity was offered as plea
to escape the moose. The best alien
lists in Denver testified that Ala was
sane and he was sentenced to be
hanged. A petition from citizens in
Alias native town in Italy. and de-
claring that he was undoubtedly in
sane, was forwarded to the Italian
consul here, but for some reason uu-
explained, was never presented to the
governor. Many believe that the muir
der of Father Leo was part of an an
archistie plot against the Catholic
clergy but nothing has recently trans.
pired tending to substantiate this
view. Previous to coming to Denver.
Father Leo lived at Paterson, New
Jersey. Paterson is the headquarters
of the Franciscan monks in this
country and 1t has been thought pos.
sible that he incurred the enmity OF
some one or perhaps a group Of an
archists there. personal in its nature
and applying only to him His great
popularity and goodness of heart went
strongly to disprove this theory and
no evidence to support it has come to
light. Whether or not Ala brooded
over fancied wrongs until his mind be-
came diseased, it is admitted th,t for
years be had entertained a hatred for
the priesthood, and on this Sunday
morning when the chimes sounded
from the church he had apparently
lost all power of control for good but
the cunning of evil remained. The re-
suit was murder which has no paral.
lei In history.
Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1908-07-22
BROTHERS SUICIDE
TO ESCAPE POSSE
SHOOT THEMSELVES WHEN THEY
REALIZE ARREST IS
INEVITABLE.
MIND UNSETTLED By FAILURE
OF INVENTION TO
PAN OUT.

Benton Harbor, Mich. July 49,
Both August Gross, who Monday
without any known cause, shot and
fatally wounded an inofensiye meat
peddler named James Kirk, and his
younger brother. Fred Gross, lost
their lives in pitched battle with
Sheriff Tenant and posse who went
to the Gross home yesterday to ar
rest August. None of the officers
were injured. Both the brothers are
supposed to be insane
After shooting Kirk, Gross barri-
caded himself in his farmhouse u
miles from here in Pipestone town
ship and through the night exchanged
occasional shots with the crowd of
farmers and deputies who were guard
ing the premises to prevent mis- es-
cape. His younger brother, Fred
Joined the crazed man in the defense
of his house and the aged mother Of
the two men was also in the house
throughout the night The officers
HNl OiAAOSt PAOoNAeitCQ Win Lei
ror when they broke into the house
after the battle.
The posse drove to the Gross farm
from Benton Harbor yesterday morn
ing. Shortly before their arrival the
Gross brothers had rushed from the
house and taken positions with their
guns near the front fence. After
about Is shots had been fired at the
officers, who were replying with rifles
and shotguns, August left his cover
and ran for the house. Fred was
wounded through the leg and when he
found he was unable to follow, fred
bullet throu 4 his own head, dying
Instantly
Expecting August to open fire mo-
mentarily, the posse closed in on the
house, entered it, and found the
crazed man dead on his own bed. A
single shot from shotgun had pene-
trated his head.
Worry over his failure to get fnan-
cial returns from a sight which he
had invented for military rifles is
said to have unsettled AugHst's mind.
Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1908-07-22

come into the possession of the gov
ernment and be opened FOX settlement.
Secondly, that it becomes yours. Yours
TO establish a home on, to be used as
your best judgment dictates, and fin
ally, when old age or death oyertakes
you, to be disposed of as you see fit
Not at all The government, for a con-
sideration of 5 per cent per annum
payable semi-annually in advance, UNI
der a mass of printed regulations, pre-
venting you from doing this, that. or
other things-though your judgment
might dictate otherwise, would be the
better course to follow-and requiring
many things to be done so and so; all
looked after by swarm of govern
ment inspectors, will let you stop on
it for a period of So years, with the
right of one renewal under certain
conditions for another 80 years.
This condition of things | do not
imagine would be very agreeable to
the vast majority of our industrious,
intelligent and thrifty citizens, but
might meet the views of a certain
class who are accustomed 10 earn
their living-such as it is-by the
sweat of their trousers. Do not for
get the fact that this per cent rental
is computed on the first cost of the
land-and l think | have pretty well
demonstrated that is extraordinary
high-together with all the costs in
connection with surveying, plating,
advertising and reading. But all this
is socialistic rs laid down by the In.
dependent Labor party in Modern
Socialism" page 306: THE land, be-
ing the storehouse of all the neces.
saries of life, should be declared and
treated as public property" Again
in Bliss Handbook of Socialism: ION
this point all socialists agree-our
aim. one and all, is to attain FOR the
whole community complete ownership
and control Of the means of transport.
the means Of manufacture. the mines
and the land. Thus we look to put an
end forever to the wage system, to
sweep away all distinctions of class,
and eventually to establish national
and international communism on
sound basis" Hence anv man can see
readily that if he were living under
land laws that are pure and unadul-
terated socialism, he would not own
the farm ne has honestly paid for.
nor would any other farmer who has
done likewise. In a speech, delivered
IN this city recently by Sir Joseph
Ward, the prime minister. heard him
say: If revolutionary socialism took
possession Of us tomorrow, It would
have our people MANNED amid social
wreckage, miles and miles behind our
present stage in the patch &c prog.
ress."
Mr. Bray says come from coun-
try where the people are sup
posed TO be supreme. and
the majority rule still I de-
nounce 90 the Ehe of the people na.
bor1 in New Zealand All true. every
hit Of 1t, IL substitute "criti-
else" instead Of "denounce To my
mind all orr troubles. from a little
village election clear w 10 a national
election, arises solely because Of the
neg ect 81 TIC people in attending and
tari- a ive part in nominating
and 81 I would have 8 Law
conpel ing every able bodied citizen
Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1908-07-22
WISCONSIN MAN
BURIED At SEA

New York. July 16.-Frledrich
Schmidt, aged "a, whose home was in
Wisconsin, died suddenly Of heart
disease on the steamer Bremen while
returning from visit to his old
home in Europe The news Of his
death and burial at sea was given
out when the Bremen arrived here
yesterday
Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1908-07-22
SEVEN DEAD AND OTHERS ARE
INJURED PAST HOPE
OF RECOVERY.
PROBABLY CAUSED BY WORK.
MAN LIFTING eAuzE OF
SAFETY LAMP.
SIMILAR DISASTER OCCURS IN
A CoLLIERY IN
PRUSSIA.

Pottsville, Pa, July 16.-Seven
mine workers were killed and 10 9th.
ers injured, three of whom may die,
yesterday by an explosion OF gas in
the Williamstown colliery Of the Sum
init Branch Mining company in the
lower part of the anthracite coal
fields. The mine was wrecked and
set on fire The dead are:
John Reilly, Arthur Hawk, Charles
Richert. John White. Anthony Ere.
las. James Bowman and Michael
Stakum
The explosion is believed to be
caused by one of the men lifting the
gauze of his safety lamp just after
an explosion of shot which brought
down a large body of Il,
Similar Disaster In Prussia.
Essen. Rhenish Prussia, July 16.-
A terrific dynamite explosion occurred
yesterday In the dynamite store room
of the seventh level of the eollieries
near Borbeck. Eight dead have been
brought to the surface and eight In.
jured, several of whom are in a hope
less condition. Three others are stin
underground, probably dead.