davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1909-09-25
BANKING. BROKERAGE AND BONDS.

Since 1880 the firm OF JudsOn G. Wall & Sons
has conducted successfully banking. broker
aga and bond business. The cOrnpany'S Ne"
York City office IS at No. 10 Wall street This
firm has made a speciality Of stocks and bonds
Of cities. railroads and Industrial corporations
They also deal in foreign exchange and issue
travellers checks and letters OF credit and maks
cable transfers.
\ fact worthy of mention in connection with
this banking house is that it furnishes the in
vestnent department Of the Bankers MaSa-
zine" with quotations for New York City bonds.
short term bonds and notes. guaranteed railroad
stocks and inactive railroad stocks and bonds
They are members Of the American Bankers'
Association.
The senior member OF this firm IS native
Of st. Lawrence County. New York. and began
his Wall Street career in the I0's with the firm
Of Chase & Atkins. firm we'll known as Van
derbIIt brokers'" He Is q member OF the Hud-
son-FuIton Citizens Committee. appointed By
Mayor Mcclellan 70 represent the Borough Oc
Brooklyn Although he has never held public
office. he has been actively interested in civic
Affairs for many years and is 4 member OF tho
Committee oS one Hundred chosen to represent
the Independent citizens in the present mua.cI-
pal campaign
New-York tribune., 1909-09-25
PROMINENT IN FINANCIAL DISTRICT.

Thirty years ago a young man In LouisVl''e'
lust out Of school. started in the stock oroN-
erage business with a single assistant H'S
office was a small room in an unpretent;ouS
building. but his courage was great and he was
out to win That man was ". l. Lyons
To-day the firm Of W. l. Lyons & CO. occu-
pies q suite of offices on the sixteenth hoor OF
the great building No. - Exchange Place. and
employs about one hundred clerks The firm
has branches in the new Fifth Avenue Build
ing. at No. 500 Broadway. and in Louisville.
while its wire connections extend 10 every large
city in the country: and all this in colnp1Tt-
lively few years and from such u small begin
ming
The head of the firm is quiet. genial man.
with eyes which meet yours sGuarely and a
voice with the rich Southern accent OF Ken
lucky. Determination is written in the square
set jaw and his every feature bespeaks success
We are all Kentuckians." he said. but some
how or other the magnet drew. and here We are
in New York We have been in this city for
only five years. but we weathercd the panic Of
1907 as we have others in years past. and am
glad 20 say We have always paid hundred
cents the dollar"
S. c. Lyons a son. IS the board member OF the
firm on the New York stock Exchange. while
II. J. Lyons. brother. is in charge Of the
Louisville branch of the house. The other men,
Der is William Porter. now manager OF the Fifth
Avenue branch. II is a conservative house. IN
the opinion OF the Street dealing largely in
Investment securities and through its Southern
connections marketing bank stocks. placing
trust funds and other giIt-edged securities.
The firm also holds membership IN the Prod
uce Exchange OF New York and the Chicago
Board Of Trade. and considerable part Of its
business is transacted on these exchanges.
Mr.. Lyons believes In making haste slowly.
and 10 this he attributes much Of his success
With gradual extension Of the firms business
in Louisville came demand for securities dealt
in only on the New York exchange. and he was
quick 10 that il was better to transfer the
headquarters to this city and thus save heavy
brokerage charges for business transacted for
them by other houses
The firm Of W. L. Lyons & Co. now we'll es-
tablished among the foremost firms ot the iinan-
cial district, SEEMS destined 10 keep well abreast
of the march Of progress for many years 10
come
New-York tribune., 1909-09-25
DEALS EXCLUSIVELY IN BONDS

" Wolf. with New York Offices at No. -
William street. deals exclusively in bonds. For
some tiIne speciality has been made OF Hudson
& Manhattan bonds
To deal exclusively in bonds means n rreat
deal more than the ordinary man might sup
pose The knowledge necessary for a substantial
success in this line OF negotiation is gained onIv
oE experience and one must know so much OF
every detail that affects conditions and especia1Iv
the particular issue in question. that 1t is dim
cult properly to explain the same in the limits
Of this article
Few people fully appreciate what is necessary
70 become n successful operator In the financial
world Even business men OF wide experience do
not know the general requirements Of a housa
that deals In stocks and bonds
NJ Woln enjoys 4 large and lucrative clientele
In his business. and is considered one OF the best
posted men in the financial district He has
been established for more than seven years. dur
ing which time he has been active in the sale Of
many important issues
New-York tribune., 1909-09-25
A WELL KNOWN ACCOUNTANT.

Possibly one Of the best known accountants in
the United states is Edward p. Moxey. There
will be recalled with interest the important part
taken by this man Of brains in the examination
OF banks in the fall Of 1907. when the financial
panic of that year made the most rigid investi-
CATION necessary. II would be impossible in the
limits Of this article TO tell in any satisfactory
degree the many successful undertakings of Mr..
Moxey. whose wide experience in the audit field
has made his services or rather his supervision.
constantly in demand
Mr Moxey has been called upon in many in
stances by the federal government when such
Investigations or examinations became neces-
sary 1t was he who made the comprehensive
report on the condition Of the affairs Of the Bank
Of North America. supposed TO have been
wrecked by the operations Of Charles w Morse
and associates.
Edward Z. MOXey in his profession has done
much TO raise the standard OF accounting I'm
connection with large institutions, especially in
the financial field
New-York tribune., 1909-09-25
THE CHATHAM NATIONAL BANK.

Organized in 1851 state bank. the Chat
ham National Bank of New York became a
national bank in 1865. and has continued until
the present time without change in its capital.
1t has paid to its stockholders in dividends
since 1865 over $2.J00.OOO. being at the average
rate Of Is per cent per annum for the whole
forty-four years through good times and bad
In addition TO its capital of $4J0OOO il has a
surplus of over $lO0OOOO. not paid in by it's
stockholders. but earned In it's business. II is
not connected with any other institution or con-
tTollcd by any single interest.
Many Of its stockholders have been such for n
long period Of years. part OF its shares being
still held in the families OF the original sub
scribers. Its depositors are principally business
men and commercial firms and companies in
many branches Of trade. among which its dis
counts are distributed
The Chatham National Bank solIcits the ac-
counts of merchants firms. business corpora-
lions and banks and is prepared 70 extend to
them every facility consistent with conservative
banking
New-York tribune., 1909-09-25
PROMINENT PRIVATE BANKERS.

The system OF banking authorized under the
laws of the various states OF the United states
offers examples Of nearly every form Of note is
sue and every degree Of success and failure.
The economic development OF the country be-
tween the Revolutionary and the civil wars was
in an experimental stage well in its poliu
oal development. The rules Of sound banking had
not yet been worked out even in the older coun-
tries Of Europe. as the mistakes OF English,
French and Austrian banks abundantly show;
but % ordinary sources OF error and risk in the
United States were added the elements OF ex-
pertinent and uncertainty in every department
OF human activity.
The English or French banker might not be
good one. but he could At least form an inteli-
gent estimate OF trade. with which ne had TO
reckon and the conditions under which il vas
carried on. His task simply 20 work out
cordius To sound rules 4 mathematical problem
Of which the necessary elements were known.
With the American. the other hand. every
element was an unknown quantity. He had to
guess At the first element in his equation and
if he guessed wrongly absolute accuracy in his
further computations could not possibly yield
correct result
new country poor in specie and Ioanable
capital is almost forced by the necessities Of its
situation To adopt monetary devices which
would not BE- tolerated under better conditions
Their tendency is misleading to the average
mind and they often 50 abused As 10 offset
the little benefit which might be derived from
them. This happened in the early history OF
banking in the United States Four distinctly
marked systems of note issue were in operation
side by side almost up to the close Of the Civil
War. and 1t is not surprising that the congIom-
crate currency which they created has left un-
savory memories behind 1t. These four systems
We're: Issues upon general assets. issues pro-
tected by a general safety fund. issues based
upon public securities and issues based upon
the faith and credit OF the states
Until 1888 the safety fund system was in
operation in New York and broke down then
through the failure Of fifteen banks within the
short period of three years. Then the free
banking act Of April Is. 1888. gave a tremendous
impetus to banking; any could issue notes 70
be given him by the Controller upon depositing
with that official the stocks Of the United States
the State Of New York or of any other state
approved by the Controller. This system has
been steadily improved upon until il was taken
AS the model Of the United States in 1863 The
banking laws of New York have been closely fol-
lowed by many Western states.
One OF the leading houses I'm New York that
has grown up under this act Is the large firm OF
Groesbeck & Co. with Offices at No 80 Broad
way
New-York tribune., 1909-09-25
A NOTED FINANCIAL INSTITUTION

Among the progressive financial institutions
sf New York is the State Bank. commodousiy
located at Nos. 374, 37G and 37s Grand street
and at Nos. 80 and 81 Norfolk street This bank
was founded in 1870 and according to a recent
report had deposits Of sl6572. 755 with a capital
and surplus Of ,1.Sl4.3O7.
The officers are: Oscar l.. Richard. president:
Arnold KOhn. vice president; Walter l.. Burck-
ut. second e-president: Albert /. Voorlis.
cashier; JOHN Kneiscl assistant cashier: Harold
e. Richard, second assistant cashier
New-York tribune., 1909-09-25
MINING ON A TREMENDOUS SCALE

The Homestake Mining Company was incor-
p"rated November o. 1877. in California. for thu
purpose OF operating in the Black Hills Distric,
of South Dakota The property consists Of IN.
ward OF one hundred and fifty claims ascre-
eating over nine hundred acres, located In ths
White Wood mining district. near Lead. Law
renee County. S D. At this point the company
has large mining plant. including reduction
works. stamp mills. electric light plant. etc In
1879 the company acquired the Highland Min
ing company. an adjoining property. consisting
OF about seventy-three acres
The authorized capital stock Of the company
is S22.Ooo.oo; outstanding OF this there is SsI.-
S4o.Ooo; par. S1Go The stock is listed on ths
NeW hOrk Stock Exchange and the New York
Produce Exchange and the transfer agents an,
Lounsbery & Co. Of No. 10 Broad street. New
York City.
The president and treasurer Of the company is
j. B. Haggin one OF the best known mining an
thOrities In this country. In addition To hIs
mining interests. Mr.. Haggin Is largely interest,"
ed In many other important companies
Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1909-05-28
MILLER & LUX
MUST PAY

Angus Mcleod was awarded dam
ages by jury at Dayton, against the
Miller & Lux company, in the sum OF
$25,4OO this morning.
This case, one of a dispute over
water rights on the Walker river
lasted over so days in the Lyon coun
ty court. 1t was tried by the best
legal talent in the country and is one
of the biggest water cases fought in
the courts in recent Yeas.
Mcleod sued for $4,000 damages.
The verdict, it is understood, assesses
the costs of the suit, which will am
ount to about $25O0. to the defendant
as we'll as the damages.
Judge Massey, of the cousel for the
Miller 4 Lux companies, said this
morning tnat he will most certainly
take an appeal from the verdict OF
the jury. The case was interrupted
by fire that destroyed the courthouse
at Dayton where it was being tried
before Judge Langan, and will go
down in Lyon county court proceed
ure as one of the big cases of the
county.
Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1909-05-28
BONDS ARE
ACCEPTED

County Clerk Patterson has receiv-
ed advices from the w. r. Compton
Co. of St. Louis to the effect that the
Ormsby County Improvement bonds
have been finished, inspected, accept
ed and are now in process Of com
pletion by signature.
The bonds will arrive here this
week. will be signed and returned to
the company at St. Louis through
bank that will receive for this cOun
ty the sum of S4O96S in exchange Tor
them.
From this sum the county will pay
up the agricultural bonds, amoInting
to $617O and will pay the City OF
Carson City $36S3. The balance, $31.-
ll5 will be used in general improve
construction of roads, bridges and for
general purposes.
The county commissioners are not
obliged to eXpend the amount at
once, but may eXpend that portion
desired this year and reserve for next
spring the balance with which to do
permanent road work.
The completion of the Brunswick
canyon road and the near completion
of the Kings Canyon road will give
the commissioners good start on the
WOrj
Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1909-05-28
PERSONAL

! The funeral of the late Mrs. John
Trapp will take place tomorrow at
ternono from the family residence
Jury in Winnemucca acquitted Dave
Williams, negro, for killing c. II. Len
iger, contractor, at Battle Mountain
last winter. Self defense.
The Governor did not order out his
staff in uniforms but told members
they might wear 1t Of they saw tit
at the Reno municipal ball.
d. DraggassOvich is on trial at Ely
for trying to kill man. The trial
drags, what with the defendants
name and inability to speak English
Mark Twain is one of the benetic-
iaries of the will of II. H. Rogers.
Nye county figures herself out $4O,-
600 on bank failures.
Twenty three young women have
been nominated for silver queen OF
the Comstock celebration.
l. Cohn, Smith Valley rancher,
is here from Wellington.
Mrs. T. r. Hofer, Jr. went to Reno
last night on short visit.
A bunch of baseball fans went down
to the ball park last evening and
cleaned it up making one OF the best
diamonds in the state.
Don't forget the Ladies Aid Sale at
Walsh's store Saturday.
Sierra Consolidated Electric Co.
secured the contract for wiring the
Governors mansion esterday for
$738.
Last installment of taxes will be
delinquent June /.
Newly elected officers of the Leis-
ure Hour Club sent Fluctuations and
potted palm to the retiring presi-
dent, Mrs. ida Cavell yesterday ev-
ening.
Seven locations from Delaware dis
trict were filed yesterday.
But one Mexican War Veteran, o.
M. Beckstead, will parade with the
u. A. R. Sunday.
President of the California Bankers
| Association declares that good times
are again on the way.
The Banjo Eyed Kid" who helped
kidnap Fremont Older, has been Jail
volver.
Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1909-05-28
NOTICE TO ARCHITECTS

The Board of Commissioners fol
Care OF the INDECENT Insane of tn.
State of Nevada hereby invite prOpOS-
ais for plans and specification for the
construction of ward building on
the grounds Of the Nevada HOspit al
for Mental Diseases, Reno, Nevada,
said building to cost not to exceed
$4,000
Bold will be required of the sue
cessful bidder conditioned that the
building can be constructed for the
amount estimated.
Information concerning tle ar
rangement of the building may be OBJ
tanned upon application to the Sup
erintendent of the Nevada Hospital
for Mental Diseases, Reno, Nevada.
the successful bidder will be paid for.
Plans and specifications viii. be re
ceived up to twelve o clock, noon,
on the Sth day OF June, 1909, and
must be sealed and addressed to the
Board of Commissioners for the Care
of the INDECENT Insane, Carson City
Nevada, marked proposals for Plans
and Specifications of Wari Building
Nevada Hospital for Mental Dseas-
es."
Date of first publication May 2S.
Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1909-05-28
AYLANo.NELsoN RETURNS

Fighting Dick" Hyiand and Occar
Matthew Battling Nelson will go to it
at three o'clock tomorrow afternoon
al Colma, under the management OF
the king of managers, "Chimmie" Cof
frOth.
This will be slugging match from
the turn loose. The men are match
ed 1873 ringside for As rounds, but the
As round clause is only to insure a
finish fight. Hyiand is so confident
that the Dane is out OF condition that
he is betting every cent he can scrape
The returns of the fight by rounds
will be posted at Dicks place.
Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1909-05-28

Pasadena's mayor chopped down
telephone pOies when the company
refused to apply for a franchise or
pay a license.
Another man robbed in Reno by
thugs who have not been caught. A
third was assaulted and yelled so
loud his aSSailant fed
Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1909-05-28
THE MARKET
YESTERDAY AFTERNOON

Traders in mining shares ap-
preached the Goldfield stocks timidly
yesterday on account Of the closing
break in Consolidated and the Com
bination Fraction and there was a
weaker opening in that part OF the
market, accompanied by the liQuida-
ton in. some Of the smaller stocks
that made business a little more ac-
tive. Combination Fractions drop
IN the face of good reports and q
large production from the mine issa
mystery to the street. Leading bro
kers say they are hopeful after tie
quarterly meeting of the Goldfield Con
solidated directors tomorrow, at
which a regular dividend is to be de-
clared, there will be a favorable
change in the market. The Tonopahs
opened moderatively active in spots
and fairly steady. The main strength
OF the market was centered in a few
OF the leading Comstocks.
Not sale of Goldfield Con. was re-
corded at the $3.50 session The
stock opened weak at $7.75 bid, $3.50
asked, which figures were below tle
New York parity. Fraction was free
ly sold at 76@75 cents by commission
brokers. Daisy received fair support
at 81 cents. Florence stood up Well
in heavy market and sold at $3.O71a.
Atlanta, Red, Hills, Oro, Booth, Sill
yer Pick and Diamondfield were mod
erateiy active but had a weak tone
In the Tonopah list, Tonopah Ex-
tension was still under pressure and
500 sold for so cents. Midway was in
good demand and 1900 shares were
bought at 25 cents. The others were
dull with slightly lower bidding pric-
es.
Ophir, Mexican and Con. Virginia
opened firmly in the Comstock group
and that part of the market While
not very active, held up the best.
Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1909-05-28
new ROAD
in ELkO

The Southern Pacific railroad com
pany filed in the federal land office
yesterday a map OF a proposed rail
road in ElkO county, this state, thai
is to be one of the most important
pieces of trackage in Nevada.
The entire line Will run from Twin
Falls, Idaho, to a point near Cobre,
Nevada, or near Wells, Nevada. The
/ route is up the Salmon river from
MinidOka, Idaho, to the head waters
in the center OF ElkO county, at Il
point near the new mining camp,
Contact. From there two surveys are
made, one that connects with the old
G. +. line a mile west OF CObre at a
place called Fene,on, and one at Val
ley Pass, near Wells. Tie filing in
dicates that both branches will be
built in order to furnish west
bound and east bound Quiet without
switching.
The company has been engaged i'll
and this branch. to be called the Min,
idOka 4 Southwestern, IS partially
constructed. 1t taps the huge Mini
dOka reclamation project of the gov
eminent in Idaho, passes through the
rich Bruneau country. the Salmon riv-
er ranges, and opens up IN Nevada
alone a huge uneXploited tract that is
one of the richest in mineral, agricul-
tural and timber resources in the
whole west.
The state land Office has just fin
ished patents to thousands of acres
of land in this very country and Elko
county seems on the verge of a boom
that will rival all improvements ev
er made in the state.
At point of location, it is stated,
the new road passes into Idaho in
Township Al, n. r. 60 +, and extends
almost due south to the head of the
Salmon river from that township.
Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1909-05-28
HOW HIGH PROTECTION
PROTECTS THE PEOPLE

President Roosevelt appointed a
commission to look into the home
life of the cities and of the country
residents OF the United States.
That commission made a report
that was so horrible that the Repub-
iican leaders in Washington suppress
ed it.
Here is table from one page, Civ
ing the cause why girls go wrong
taken from the records of 1000 cases
eXamined:
Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1909-05-28
OWL CONCLAvE

The National conclave of Owls will
be held at Seattle, Wash, beginning
July 20. One regular fare from any
part of the U. S. and Canada will Sc
cure transportation over any railway
and return for the delegates and
members of the Brotherhood OF Owls.
Good for ninety days.
Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1909-05-28

A Oppenheimer, a travelling man
ing.
Louis Tognini left this morning for
his regular trip.
Justice Sweeney returned this
morning from a trip to San Francisco
Alf ChartZ left the city for briet
trip this morning.
Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1909-05-28
BANKS TO CLOSE MONDAY

The First National Bank and the
Carson Valley Bank will be closed
Monday May 81, in honor of Memorial
Day. Banks throughout the state
will take the same action.
GEO. T. MILLS,
]. Il. MONOHAN,
Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1909-05-28
STAFF TO APPEAR

The Governor will order his stan
to appear in uniform to act as escort
to the Commander in Chief at Vir'
ginia when he visits that place on
July 4.
Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1909-05-28

Carts Yeager went to Minden this
morning.
Judge Mack and Judge Massey went
to Dayton this morning.
Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1909-05-28

". S. Marshall GrimmOn arrived
this morning from Reno. He will
turn over his Office to Harry Hum.
phrey about June !.