davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1908-04-03
READY FOR SUBWAY PLAN.
p. S. Board Engineer Ordered to
PreDare Details

Chairman Wilcox announced last night that the
Public Service Commission had directed Henry
B. Seaman. chief engineer Of the commission 10
prepare detailed plans for the proposed broadway
Lexington subway at once and TO CO.
operate with George s. Coleman In drawing up
contract forms
The plans and forms will be sent TO the Board OF
Estimate for approval It is hoped that this VIII
be before July /, when additional Soooo"o
will be added to the debt limit by the Increased
assessments on real estate. II some money then
available not appropriated for the beginning OF
the Broadway line it will not De the fault OF the
Public Service Commission.
the Board of Estimate would be likely TO ap-
prove he said: II cannot how there Is any
doubt of it. All the members OF the board nave
expressed themselves being heartily IN FAVOR OF
more subways I have doubt they VIII husoanc
the resources of the city TO provide for TINS
important work the earliest possible moment
If the Elsberg bill is amended to permit
the of private capital, the commission wishes
be in a position to advertise for bids for the
Broadway subway by the middle of the summer
S. NJ Brewer, of the Trussed Concrete Steel
Company, of London told Controller Metz yes
terday his company willing, to put S25,0ooeo
into subways here at and. If necessary could
procure twice that amount. AS the contracts for
construction separate from those for operation
in the Fourth avenue subway, the English COM
pany could bid for the construction OF that WORK
New-York tribune., 1908-04-03
FOR POSTAL SAVINGS BANKS.
Provisions of Measure introduced by
Senator Carter.

zz-.st,irg4on AprfI e-Senator Carter. of the Com
nlittee on Postoftces and Postroads to-day INTRO
dTIeed a bill 10 establish postal savings banks ne
stated that this measure was satisfactory 10 the
75oSoeice T,epartrnent it being drawn in view Of
the hearings that have been held by a sub-coFn-
r1irrae Of the Committee Postof7ces and Post
roads II was referred back to the committee ana
,yiII receive further consideration
The hill rrovides for system Of postal savings
banks under the direction and supervision OF INC
Postmaster General Money order postof1ces and
such others as the Postmaster General may desls-
nate will be postal savings bank Offices DepositS
in these banks may be made by any person Ieh
7ea-s If age or over "a married woman In her
- ,zn,e and free from any control or inter
ference nv her husband" trustee, parent guard
ian Or other person the beneht Of child uhoer
ten years OF age.
II cents OF r7uItipes Of that amount may be oe-
rosfred aftervard. No person will be perIalt'e0 u
darosr more lhan 500 in any month Two per
cent 2 wear is 10 be allowed on these deposits
No deposit IS TO allowed 10 exceed sleoo and no
interest is to De paid on any part OF oeposl' III
excess OF 500.
r-ra ,ostaI savings funds are to be exempt from
5.-a,+or under any legal process against the oe-
7ositor They are not to be subject 10 any 'aA~
ton bv the United States OF any state
The Postmaster General Is to deposit these 1uIloS
=. ,,,-io-sL hanks 10 be designated by him at
.re of interest not less than 214 per cent year
7c7 5eposits are to be made in national oarlks III
tba states and Territories in which the 1uTds are
acet,-ad and. as far as practicable, in the I'M
mediate vicinity of the places at which the IunoS
are received. II any bank becomes hsoI'eN' '1OA
80. ara n be a prior lien upon its assets
.zz..,.7 cor,rensation is to be allowed post
.s+e-s n the fourth class for the TRANSACTION OF
-oe+a1 savings bank business at the rate OF one
+orrth OF per cent Of the deposits received u "e
Maid from the postal revenues
oo-+ ny the Postmaster General 10 congress
. -, saseion is TO be made. showing all facts
deemed proper TO present The Dill appropria'eS
80 n0n 70 establish the system
New-York tribune., 1908-04-03
R4PS CURRENCY BILLS.
Chamber Of Commerce adopts Re
port Recommending Commission.

The report Of the COMMITTEES on currency of the
Chamber OF Commerce recommending the creation.
of national currency commission 70 conduct an
investigation and make public its report Janu-
AIRY l, 1909. and opposing the Aldrich and Fowler
currency bills. adopted by the members Of the
chamber yesterday.
After attack both bills A Barton Hepburn
chairman of the executive committee Of the cham
Der. offered resolution favoTing the increase of
the salaries of United States district and circuit
court judges TO 5000 and sloe0 year respective
y. The resolution unanimously adopted.
When the report of the currency committee
being discussed Isaac y. Seigrnar suggested that
all the members of the chamber write to their Rep
resentatives in Congress opposing the two currency
bills Charles {. Moore offered an amendment to
the committees report recommending that the gold
certificates. amounting to over SS50.000.O00. be
made legal tender, and his proposed amendment
referred to the currency committee There
was loud applause when the report Of the currency
committee adopted.
The committee insurance rendered report
favoring a revision Of the building code. resolu
ton favoring the establishment of a fire alarm
system IN Manhattan adopted after the insur-
ance committee reported that the present system
was In danger Of a brea kdown.
Ia view OF the number OF unauthorzed persons
who have solicited subscriptions for a history OF
the Chamber Of Commerce. the members issued
statement yesterday dsclaimlns all connection with
such project
The proposed bill, drawn up by the Metropolitan
Sewerage Commission. providing for more funds for
handling the city's sewage, which is 70 be intro
duced in the Legislature. enphatically ap-
proved Of in resolutions passed by the chamber.
New-York tribune., 1908-04-03
ERIE DIRECTORS WAIT
n Dispose of So 800 900 Short Term
Note Question To-day.

- 5i~sctors Of the Erie Railroad Company met
LAY at the Office OF J. P. Morgan & Co. but
F.-a5 without making public what arrange
- mere made for taking care Of the s5,3ooeo0
- u. form notes which mature Wednesday.
So meeting viii he held at O'Clock this
A..-,oon. when it is expected the matter viii
:, disposed OF finally.
-. securities which broke sharply on Tuesday
allied strongly on Wednesday. We're steadier
.-sav and trading more restricted, pend
-. result OF the meeting Of directors When
- z5-srtors adjourned the whole market sold off
- . hui Erie stocks were weaker than the
- leaders. Ere common and first preferred lost
- and the second preferred closed liz points
sozn for the day
~. short term notes held fairly steady, with
:, mammal transactions recorded At the close
- -o.es we're offered at 81. with So bid These
- showed q slight decline from the close on
F-=,aStssv The convertible IS. however, opened
. : down 5 points. declined 10 AZ. and rallied
< vhere they closed The general As were of a
,olnt 10 g.
y-sle q =. j.. Morgan & Co. We're IN confer
=. Yesterday morning in regard to Erie affairs
!. = understood that the Erie. in addition TO the
..ss vii called upon in the future to
Tide financing for upward OF s e5o.e00 of float
= fr5ettsdness. OF this amount the road is said
:, oue s. o01 90 for equipment and s. 600 600 TO Mr
hartman fCr money advanced.
New-York tribune., 1908-04-03
FOR A CURRENCY COMMISSION.
Measure in Senate-The Hearings on
hldrich Bill.

Washington. April "A financial commission bill
was introduced in the Senate to-day by Mr.. Du
Pont It provides that there shall be seven COM
rnfssioners appointed by the President. solely with
a view TO their qualifications and without regard
to their affiliations. Each is receive salary Of
$3.50 and to serve until January l, 1893 The bill
makes il the duty Of the commission 10 prepare a
comprehensive statement of all federal legislation
in regard TO finances since the formation of the
government, and to report upon the existing sys
TENS of all the principal foreign governments
Another report is to be made to the defects
and deficiencies of the present financial laws of
the United States and the commission is TO be re-
u,Iired 10 suggest remedies The commission is en-
powered to visit foreign countries but must con-
clude its labors by December 81. 1903. An appro-
praton Of $50 900 is provided the expenses
of the commission.
1t is the intention of the House Committee on
Banking and Currency make the hearings on the
Aldrich currency bill which it is preparing be
gin on next Wednesday, comprehensive possi-
bIe and this end all the clearing houses, boards
tons and other commercial bodies in the United
States will invited present their views either
I'm the shape Of written communica tions through
their OWE representatives The committee also has
decided hear any person whose presence may be
requested by member of the committee, indeed
TO hear any one who may appear and express a wish
10 be heard. The hearings Will begin each day at
10 80 O'Clock and until so, with brief
interim for luncheon at noon. They viii be public
New-York tribune., 1908-04-03
OTHER MARKETseY TELEGRAPH.

East Buffalo. April 2-CATTI5E+ Receipts leo head
slow. prime steers. s. 25GSI ALs3-RerePts, f5p
head; active and SOC higher at sass 50 HOGS-Ra-
cepts 15f0 head fairly acti-A and l1G fc lower. heav
81 go mixed 50 6oq 81 90 Workers 81 a So so pigs $
s. 90 81 5oaS5 - stays $fg<4 -: dae-, So ~
6$6 80 SHEEP and LAMBS-ReCeipts. 5000 head; sheep
active lambs slow and log l5c lowers lambs
S5G$S 40 at IS -.
Kansas city. April 2-CATTL.E- Receipts d 90 head.
including Souherns. market steady strong.
far to good. 81 5OGS6 Western $5GSs IS,
s. J1zS3 60; southern steers s. =
- 25G$4 -, native COWS. s. 20
aSa: hefrers sass bu 81 f5S5 50, calves
So 90 81 70 HOGS-F2eaeiPts lilIa1 head: market
steady top, O5 bulk Of sales. s. S'lIS5 20 heavy
s. sGSf %: packers and butchers s. G$6 lights, - -
as 90 pigs 81 sJQS5 81 SHEEP-Reeeipts. : 40 head
market strong los higher lambs - 9pGSF 80. ewes
yearIings. 50d$6 10 Western yearlings, So 5f
-: Western - 1886 5s stockers and feeders - %
chicago April 2-CATTI--R estimated. about
OGO head steady steers, = 5t1SI 80
cows So dS5 80. teers s. 4Od So p bulls, s. 5BSJ lu
calves S5d$6 80. stocers and feeders 81 25SJ 20 HOGS
-Racapts estimated about 17to0 head market strong
t2 f0aI5c h.sher. choice heavy shipping S5 -oSo go
light 81 5Gs6 -: packing sJGs6 IS: pigs 50 nS6 olk
OF sales So l5nS6 25 SHEEP Receipts estimated about
market lower. sheep. - '"a$7 40 amos
S. 5oaSs: vearIings. 81 5oaS6 -
Cincinnati April HOGS active and strong hute1-
ers. ana shippers 30. 81 70a s. ~ ATILE
mon s. Sass 70 SHEEP strong. at s. 5"GSS . afOS
active. 5a Zoe higher at $tQs s.
T-nfon stock Yards Pittsburg- April 2-CAI lisp
ply light. steady. choice St 131S1 prime g s'4 %
yethers So $685. %. common St1S+ lambs. S'as o.
veal calves. S6TS6 -. HOGS-ReceiFts iEht. PRIME
hesy les medium and heavy Yorkers. - +5sS6 90 I-sH
Yo~rs So 3Gq$6 10 pigs. $ 70Gs5 so roushs S"PS' %
New-York tribune., 1908-04-03
Foreclosure Sale.

StIPRFsME CorRT COUNTY OF NEW YoRK-THs
- Macmillan FTsschmann Company, plafntt1- asatrs-
Gertrude r. Waldo and others. dsfendants
In pursuance os judgment OF c0recosurs and sale.
duly made entered in the above enttee action and
Bearing date 2Dth dsy OF March 1905. ths under
Ttilc auction Exchange SaIesroou Nos. Is-fS
Tesev Sf-ee in the OF Manhattan City % New
York the l6ih day OF A2Iil 5s a. y o'oek noon
directed BY said Judgment 70 be soc and therein de-
T nose Two certain lots pieces parcels Land.
virb the buildings and improvements thereon erected
situate lying being the Borough OF Manhattan ot
yo-k bounded and described follows:
beginning al point on ne ssSssry ss ot
corner formed intersection OF the no-therIy si6e
o. Farciay with the eastery side OF Washington
a. Tashngton street feet thence eastsrsy.
az right angles nearly with Washington Street and
fLz thence southerIy parallel nearly with Wash
irrtor street along land OF Laura V R7taeandr-
or rsa-Iv 20 and along land OF Mary P
swan ana Gertrude R Waleo and Mary L Gaatin
W. sSf1g+on street place OF b>E1annx
sad premises known by the street nure-r two
l51nT AZ the corner by
the northeFv Barclay Street with the ssstsriy
sIo1e the eastsriy Washington
eight frhes: thence esstery. at right angles
nearly so Washington Street and along land late OK
Mary I. Gailatin eighteen feeS eteVen tncnes Jencs
soItherIy parallel with Washington Street
and along land tas OF Gertr1ds r WaEto forty
and rhsncs westerly. side %
.rrIsv street nineteen and one1af inches
r. the point or place beginning said premises being
DATED New Y0rk March I'D E-.S
TERENCE ] McMASuSs Rsferes
= Attorney so- Ptz31rf-. No
Madison Avenue Borough OF Manhartan New YORK
The 'yyo1orfnr f. diagram OF property Sold
It's street numbers No ~ washington Street ana
No 81 Barclay Street
New-York tribune., 1908-04-03
LIVESTOCK MARKET.

New York. April =. 1908
REEYES-Receipts 119 2068 head
including direct 10 saughterers cars %
be exported and , for the market No transac-
reported feeling steady. Dressed beer SLOW al
per 10 for native sides Liverpool and LONDON
cattle beef markets unchanged Exports from
to-day ESQ quarters OF beef on the
Celtic Liverpool. tomorrow
CAIVEe-Receipts 500 head all direct to
butchers Feeling uomiuaIly steady for veals city
dressed steady 3c per 10; country dressed
firm at : lie.
Sales flate yeterday)--S Judd & Co: p veals III
ID average. 81 - per 100 H.
SHEEP AND LAMBs-Receipts were - cars. or
511J head. including 20 direct 70 saughtereEs
for the market. making with the stock carried
With easier feeling for lambs
the West and a reported break At Buffalo BUYERS
held off in expectation of lower market to-uorro7.
and of the offerings had been sold 10 late
hour Dressed in moderate demand and
steady 12Gf4c per H. dressed lambs weak at 1+d
15l=c. country dressed hothOUse lamb lower a. SAG
81 80
Sales tlate yesterday I--Tobfn 8 shannon 2SS Ohio
lambs = III average. at s. 3Ti2 loo p.
HOG>-ReCeipts II 2555 head ali
consigned direct local saughtAr Feeling
inaly weak Buffalo sdyIces. Country dressed hogs
higher 6GS sc per 10.
sales late yesterday)-Tobin < shannon: - state
hogs fS9 II SO - per i5- Virginia
pigs, 81 ID. at s. 80; 81 do. - 10. at s. so
New-York tribune., 1908-04-03
INSURANCE COMPANY TO RETIRE
Delaware. Of Philadelphia, Takes Over Busi-
ness C the Hamilton Fire. of This City.

The Business os the Hamilton Fire Insurance
Co-rpa-v, Of this city, 4 was learned yesterday
haE been taken over BY the Delaware Insurance
Company. Z Philadelphia. and the former COM
psny which was orEarized in 1852 will wind up
iry a-a--s and retire from business 4 director
% the Hamilton company said that the change
sss de - the cnerous laws with which the fire
Insurance companies are burdened IN this state, and
sso 80 rha fact that business was bad
TIE Hamilton Fire Insurance Company mas 4
paid up capital cf xspoel3, e surplus OF 81 and
Jotsl assets os SO 79- It's officers are NJ Dugro
B-ttles president: James A Silvey. vice-pTesld9It
EdEz-d L Labdor. secretary. Daniel D Whitney
o1oe Mayor of Brooklyn. was president OF Ihe
Company .or many years The Delaware Insur-
tncs Company is capitalized AZ $50 90 and has z
surplus q go 90 John s Bioren is president pro
lsl.: Charles II YarraU vice president, and J.
.srsolE sinh. IL sec1etary.
New-York tribune., 1908-04-03
OPPOSE ALDRICH BILL
Contains Harmful Inn0Uations, CHI
cag0 National Bankers Sag.

Chicago April AT meeting of the repre-
sentatives of the national banks Of Chicago yes
terday. resolutions unanimously adopted ex-
pressing their views regarding the Aldricn cur
rency bill To-day resolutions were signed
by every member Of the Chicago Clearing House
and given out They In substance as fol-
lows
That the transfer of nearly s2ooooo.o0o from
available for loans. idle fund, on which
the banks are forbidden under any circumst ances
10 encroach; viii seriously impair the working
capital Of the country.
That the true method of dealing with com
mereiaI crises is by providing means Tor reauliy
needed rather than by locking up continuously
and permanently unnecessary proportion OF
the countrys banking capital
@ maj tne Sunst1tution OF oonds IN IN tne eau.ts @ %
conntry banks Tot balances In the reserve ana
central reserve cities will not promote safety
ne mar mere is no objection TO the paoniot19bn p ION
lection to such prohibition against directors and
companies in which directors are interested
That the restrictions will affect the institutions
OF the national banking system ufavorably in their
which already have more latitude in the character
o. business they are allowed to do and in most
reserves less than those 10 which national
banks are now obliged to conform.
for temporary only. to bridge until
prehensive and final system is determined upon,
ous!y disturb present conditions should be included
in its provisions The regulations Of the national
have stood since the system established, the
business Of the banks is adjusted TO them and the
III II me oanks must prepare to do business under
there can be expansion of loans meantime even
crop nncxlng purposes next fan but further
quences may ensue A temporary measure should
not contain harmful innovations. which, in Il final
essary. and unless they can he eliminated it will
be better to have no legislation until the whole
qlliFy and report
New-York tribune., 1908-04-03
EUROPEAN PRODUCE MARKET.

Liverpool. ApEH 2-CIosins. WHEAT-Sp2t quiet, No
. red Western winter. Il. futures dull. NIy &c
t07sd: July, As 9sd Septeluber es ll-sd 80SNLSp9I
prime. mixed American new . ID prime mLNeI
American old IS 10 duh May. IS J'-d- July
nominal PEAS-Canajiau steady. IS 81 FLOUR
Winter patents uuiet Sd HDPS-In LONDON tPacic
COAST dun. Il 10sQE2 los BEEE-Extrs India mess
strong qJS PORk-Prime Western. quiet. 7os
HASIS-Short CUT IL 10 rs n. srronE. As. BACON
Cumberland p - ~ n strong rs snort rib 10 %
n n strong IS long mi4tl~s light. - rb
strong A.. uiie heavy. - 20 10 u. strong
backs. I6 20 ~ y. Ais 6C
clear bellies strong. as 81. StfOTI4DERS-
SIuara II 70 %. 3zs 6d LARD-Prme. West
ern in tierces firm -, american. refined pals
Good United states easy. S0aS5s
IN FF,SF American finest white els. American
srast ro,red firm 63s canadian finest white drn 6ss
canadian coIorei firm 64s TALLDW-Prirna cry
duI 26s ed- TJRPENTINE-Spirits dull 37s 81
TsCSSTN ,ou1lon steady - 4lsI PETROLEUM Refined
c1iisr 6aH I.INSEED oIIl-lui-t 23s
New-York tribune., 1908-04-03
BUSINESS TROUBLES.
Petitions in bankruptcy were filed yesterday
IN the United States District Court follows:


Involuntary against Jennie Bodensiek. con-
Quoting business under the name OF Mood at No.
80 West 39th street. by Albert Raimson and two
others, with claims OF s575 "A; Edwin B, Root
appointed receiver
Involuntary, against Fenkart & Co, a special
partnership composed Of Charles Fenkart.
general partner and Caroline Fenkart, of St.
Gall Switzerland, special partner. doing bust
ness at No 543 Broadway. by Edward Wild and
others with claims of $40 30
Voluntary. Louis Mayer. doing business the
Empire Frame & Art Company at No 80 Muir
raw street: liabilities s15.14l ST; assets $l1,-
0O3 g. consisting of stock, $500: machinery and
tools s., 200; debts due, 5000 62; property eX-
empt s100; principal creditors Oscar H Brick
ner. Amsterdam avenue and l72d street, $1,000;
Sarah Mayer. s2.0s0' Alfred r. Conkling appoint
ed receiver.
The schedules Of the Charles Swarris Company
snow liabilities Of $5,249 g., with OF
s4sso, including debts due open accounts.
s26IS stock, $500; machinery and tools s433,
and cash hand, s65.
Justice OGorman of the Supreme Court, has
appointed Edmund Wright and Louis C Goetting
temporary receivers Of the partnership property
of Joseph Schultz. Joseph Ginsburg and Solomon
RosenthaI trading under the name of the Unex-
celIed Clothing Company, at Nos 64s and 651
Broadway manufacturers of boys clothing.
pending a suit brought by Schultz for dissolu-
ton of the partnership. The firm is solvent
The Gehlen Company. manufacturer of furni-
turs and decorator No. AZ Union Square. as
signed yesterday for the benefit OF creditors to
Edwin A Hofstatter. Charles W. Gehlen is
president. The company Incorporated in
1901
New-York tribune., 1908-04-03
Plan sI62, 500, 900 LOAN.
Imperial Bank of Germany WM
Reduce Rate IN Preparation.

Berlin April Am imperial and Prussan loan
amounting s162.5oo 900 will be offered for sub
scription April IL OF which sum Sio9 600 is in
Prussian consols. The issue is TO bear per cent
interest and will not be convertible within period
OF ten years The subscription price is ssls or 90 30
70 subscribers taking the non-transferabie bonds
A syndicate Of leading Berlin and provincial bank
ers has bought the issue, agreeing to take also an
additional &o,oo0o0o of Prussan Treasury notes
which are not to be offered in the market.
II is reported that the Imperial Bank of Ger
many will reduce its discount from 50 to Al
per cent within few days in order to prepare
the way for the loan.
New-York tribune., 1908-04-03
LONDON WOOL SALES.

London April The second series Of The % l9as , %o2
rtf-fHr Ia-<ereI and prices dropped and although
me sales were curtailed five DAYS. causing an Improved
demand and firm the closing prices we're lower
when compared with the January series Fine cross
hrs4s df0 uetIluus laft2t per
cont and coarse - per Fine uertnos showed .
loss TtaaIO cent ami other r1e-inoS I'a per
cent while Cape of Good Hope and Natal wool was
is per cent The decline was the most sud
During the series Americans
bought 1000 bales. the home trade 100" and Cont
rental huvers Seventy yeisht thousand bales were
held the third series
AT to-iavs sales bales offered The small
selection sold readily a hardening Americans
bought south Australian sreasy Following are the
Is Sid; greasy 5i=dq1s - f!lee5lsLand-ss, bales.
secured Is izdG1s g1d. grea 5E0Is South Australia
20-, bales greasy. 6dQ9i.i West AusraiIa-StU bales,
greasv +tTIGd New Zeaauc-2Spt bales greasy. I'D
ais cape Of Hope and Natal-2lo bales. secured.
9F4Is gid &reuaS-3.uUB bales greasy.
New-York tribune., 1908-04-03

A member OF large New York banking house
said that there would be bankers Offering OF the
new German loan in this country. but that there
might be few scattered sales OF the issue to
servatve investors here Other bankers pointed
out that there We're many opportunities present
ed for investment in home securities that the
which this loan offered would not prove
particularly attractive TO Americans They said.
however, that the rate should prove attractive 10
European investors. and that its successful fiota
tion would result in bringing good deal Of money
TO Berlin from London and the Continent and that
the resulting Improvement in Berlin's money po-
sition which still somewhat strained, would
its favorable reflection in other international
monetary centres, including, OF course, New York
New-York tribune., 1908-04-03
STEEL TRUST MAY AID COAL MEN.
rBy Telegraph 70 The T-ibuneJ

Telerrarn ne lTit1l-1-J
PfttSyUrg. Aprff Z.-The announcement was mace
here to-day that the United States Steel Corpora
con nay not open its ore carrying trade from the
hssd the lakes until June !, instead OF April 10
a. had beer intended This viii greatly a-d the
oosl Operators in the strike now on as the coa4
ra6e 10 the head q the lakes VIII not be opened
lntll the ore traffic IS started
A meeting q operators and miners here to-day
eaded iu Disagreement the operators appealing
70 President Mitchell OF the National Mine WORK