davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1910-11-12
GLASS TRUST GUILTY
Pleads No Defence and Small
Fines Are Imposed.
COMBINATION TO DISSOLVE
Controlled Production and Prices
of Window Glass in a Score
of States, 1t Is Said.

Pittsburg, Nov. Fifteen officers and
directors of the Imperial Window Glass
Company pleaded nolO contendere before
Judge Young in the United States District
Court to-day to a violation OF the Sherman
antitrust act Each was fined $500 At the
same time a fine OF s., 500 was imposed upon
the corporation itself. with costs.
Among those fined are Myron L. Case,
president; J. G. Sayre, secretary. and NJ. j.
Healy, vice-president. Dissolution of the
combination. by which the government al
legged a monopoly in hand-bIown window
glass had been established and an increase
In price from 50 to 20 per cent effected. will
follow Immediately It was announced by
attorneys for the company.
The Imperial Window Glass Company
was indicted by the federal grand jury here
last April, with individual indictments
against the officers and directors, mainly
through the activity of United States At
torney John H. Jordan, and Edwin P.
GrosvenOr. special assistant 20 the Attor-
ney Generals Office at Washington. The
company was organized in West Virginia
less than two years ago.
Attorneys who addressed the court in be-
half Of the defendants argued that. since
there had been no intention on the part Of
the company to violate the law. the PEN
atty should be light. They said further
that the prices of hand blown window
glass had been ruinous before the COM
bination was established, and that the cor
pOration only tried to assure a 10 per cent
profit on the capital invested. 1t was also
pointed out that the moment the court sus-
tanned the indictments the company ind1-
Gated it's willingness to dissolve
The court severely criticised the defend
ants. You are not to draw the conclusion"
said Judge Young. from the fact that these
fines are light that there are not such cases
where Imprisonment should be the pen
atty" The court had. he said, taken into
consideration that the indicted directors
had assisted the government materially in
it's investigs ton and had not prosecuted
business after the demurrer was dismissed
last October.
The company, it has been alleged. con-
trolled the product Of glass factories IN
more than a score of states
New-York tribune., 1910-11-12
LYNN BANDITS ACCUSED
Nav Be McKees Rocks Strike
Leaders and Bank Robbers.

Pittsburg Nov. 1.-Two men in Jail at
Lynn, Mass, charged with killing a pay
master and a policeman there last June, are
declared by the police here TO be two or
three men wanted in connection with the
robbery of the Victor Bank. in McKees
Rocks, q suburb, last April, when the presi-
dent and cashier were murdered
The third man wanted Is said 10 be Joseph
Pacbecensxi who was killed by a posse
in pursuit of the bandits at Lynn, and VINO
from post mOrtem photographs mas Deeh
nosjtivelv identified as one of the leaders
Of the strike at the Pressed Steel Car Com
pany at McKees Rocks year ago last
summer. when several persons were Killed
in riots. !.
Albert Warowitz. a Russian student IN
New York is alleged to have told the Bal
tfmOre police of mis- acquaintance with the
bandits and Of their alleged relation TO the
hank robbery story. The men under arrest
i'm Lynn are Andrew Ibsen and WOsili ivan
kOWSki
New-York tribune., 1910-11-12
SUES CITY FOR S25, 600
Woman Brings First Liability Action
Against Municipality.

The first suit of its kind 20 be brought
against the CITY under the Employers' Ii
ohiIt,v act came to tris' yesterday in the
sunrerne Court. where Mrs. Della Lynch
!. snirg to recover $1,000 from the city for
the death Of her husband, John Lynch.
,-bo WIS an euploya in the Department OF
Sewers.
Ivncb was drowned In a sewer on Au-
g,,st 9e IenS According To the plaintiff.
his death was due TO the carelessness of
,hA foreman in charge OF the work The
city denies the liability.
New-York tribune., 1910-11-12
HOSE UPSETS FIRE FIGHTER
Lieutenant of Engine Company Fails
and Is Taken to Hospital

Engine 45, Lieutenant John J. Hill COM
manding. responded when the home Of John
H Lavelle, q builder. al No. 7s5 East 176th
street. The Bronx. was found TO be on fire
early yesterday morning The five mem
bers OF the family had effected their escape
when the fremen arrived. finding time, how
ever, TO save only the family pet. a bulldog
in their hurried exit.
Hin and his crew. climbing 20 the root
Of a porch, turned a stream oc water on
the flames. The hose took matters into It's
own hands AZ this point. Knocking a beam
out of the wooden railing IL toppled the
lieutenant into the yard below lie was re-
niored first 10 his quarters. IN fremont
avenue and later to the Fordharn Hospital
where it was said last night that he was
rot seriously hurt.
The fire. starting from an overheated fur
mace. caused damage Of nearly 81 500.
New-York tribune., 1910-11-12
Senators Hear Addresses.

Senators Nelson ". Aldrich. OF Rhode
Island, and julius Cesar Burrows, OF
Michigan, were present at the afternoon
session They were invited TO speak by
DR.. Albert Shaw, who presided, but they
excused themselves.
There will be another session this morn
ing. at which Paul NJ. Warburg. Of Kuhn.
Loeb & Co, Will read a paper on ''Prfnci-
Pies That Must Tnderlie Monetary Reform
in the United States.' and Charles A.
Conant will read q paper on THE Trans
ition from Existing Conditions TO Central
Banking"
New-York tribune., 1910-11-12
HOTEL ALGONQUIN ANNEX FIRE.

Frederic thompson. the theatrical pro-
moter' was preparing himself a little sup
per In ms apaT lfntnt at the Hotel Algon-
quin --nheA ABOUT 100 O'Clock yesterday
morning. safe. his japanese butler sneJIad
smoke AMI said So Mr. Thompson de-
serted his rarebit and hurried downstairs
William Smith, night clerk Of the botal
sent In an alarm. The guests IN The main
house watched the nreinen nut ont the
blaze after il had done q 600 worth NJ
damage TO Mr.. Thompson's apsrtnAnt and
the GRIN Io"iil anu taIe underneath.
New-York tribune., 1910-11-12

needed, said Professor Laughlin, as check
accounts would do just as well TO carry on
business actual cash The central
banks could not be built up from the pres
ent clearing house associations, while the
relations or the state banks and trust
companies to the central banks and the
national banks could be regulated by the
boards OF the central bodies. and there
would be the political advantage that the
central banks would not be money making
institutions.
Professor E W. Kemmerer OF Cornell,
likewise advocated a central bank with
some notifications from the plan OF Pro-
fessor Laughlin. He made his deductions
from the banking systems Of European
countries and also believed that the need
was for an opportunity TO increase loans in
time Of stress. He suggested a capital Of
sl50,0oo,0oo for the central bank, and said
that the government should be strongly
enough represented on the board TO give It
real power in the control of the banks
affairs. Like Professor Laughlin. he would
not have the central bank a money max
ing institution.
Irving 7. Bush, chairman Of the cur
rency committee OF the Merchants Asso-
clation. added his voice to the call for &
central bank at the afternoon session.
When Alexander Delmar a financial
writer and a member of one of the former
monetary commissions. got the floor he dis
agreed with Professor LaughIin.
Bank of England Criticised.
Joseph French Johnson. dean of the
School OF Commerce. Accounts and Finance
Of New York University. taking as his
subject Lessons from the Bank of Eng
land" made several charges of weakness
against that institution. and predicted
trouble for It If Great Britain ever goes
TO war with an enemy of its own strength.
Most EngIishmen are opportunists in
finance" he said They wait for the del
uge. They have had three severe panIcs
in the last seventy years. and they would
have had more 4 influential neighbors
across the Channel had not come TO their
help. Admiration is aroused by the Eng
lish financial system because Il pays its
notes in gold, but its power is really due
to its geographical and trade position
English bankers will do all they can 20
encourage check credit. he said, but there
is an element OF danger in this because
there IS a limit 10 the amount of bank
money We may use but not 10 the check
credit We may draw upon.
The Bank OF England actually goes into
the market TO buy money and so lower
the price OF sterling bills so that foreigners
may invest more heavily and so bring
money back 10 the country. This seems
a most extraordinary thing to do I am
glad TO say that English writer's who treat
OF this subject depIore the necessity for
such an unnatural proceeding
He said that England had 1ourished in
spite Of its bad banking system because
OF its central reserve. under the control Of
twenty intelligent. practical men, who have
laid a tax on the nation IN order TO pre-
serve stability. Confidence in an insti-
tuition, hampered as It is, has enabled Eng
lishmen 70 go ahead but with serious loss,
the speaker said.
New-York tribune., 1910-11-12
BEEF TRUST ASKS NEW VENUE
Recalls Prosecution of 1895, in Which
Judge Lands Was Attorney.

Chicago, Nov u.-Counsel for the So
called Beef Trust filed a petition with
Judge Lands to-day asking for change
of venue The petition declares that fifteen
years ago charges were made in the news
papers, in public speeches and in Congress
that certain Chicago meat packers were in
a combination in violation of the Sherman
antitrust law 10 control the price of live
stock and the price OF meats.
Governor JudsOn Harmon Of Ohio, then
Attorney General Of the United States,
appointed Mr. Lands special attorney to
investigate the charges and TO take them
before a grand jury if found advisable
Eventually, a grand jury indicted the late
Gustavus Swift, founder of Swift & Co,
and other persons The alleged Beef Trust
of 1905 and the one of 1910 are identical. il
is said, and the charges are the same, the
petition sets UP.
New-York tribune., 1910-11-12
Commercial Expansion.

"Jg were controlling this administra-
+ton and going out OF politics-I think
can express this opinion safely-I would
tn,mediately open negotiations with
o,,er,, one Of those countries looking TO
tho extension Of our trade. looking TO
,Iosar commercial relations. Look at the
..t,,,ation in the Orient. look at the pos
sibilities of that! But these possibilities
will he strengthened. almost might say
tbe,, will be created. by a proper organ
izat,on OF the credit system OF the United
States.
- heIieye that we are all coming to
,h. conclusion that I'm some way, not vet
,,,+ doyvn in black and wnite, not vet
s,rr,ulated by any man. perhaps-that in
~. way we must reorgapize cur credit
..,.sto,, We will not commence at the
h.tton, This work will not be work
= ra,,oI,,tion. but OF evolution
..t, iii not be a work Of destruction
- visiting Institutions or curtailing the
,,,irit - ~ Independence Of existing institu-
tions bat it will be a work of construc-
New-York tribune., 1910-11-12

Supreme Court, asking a review Of the
case In which the company was fined
$4,000 for violation of the E,lkins act in
accepting concessions from a published
and fled tariff on shipments OF oil from
Olean, n. Y, to points in Vermont
New-York tribune., 1910-11-12

The company was found guilty by a Jury
in the United States Court for the Western
District OF New York The case vas
brought before the Court OF Appeals. which
affirmed the decision Of last May. Ths
petition will be presented 10 the court I'M
mediateIy after the Thanksgiving recess.
New-York tribune., 1910-11-12
MUST RENEW BROOKLYN TRACKS

The public Service Commission adopted q
Gnal order Yesterday requirin, the Co,,,.-,
Island * Brooklyn Railroad Comnan, 70
renew the tracks on its Frapl,lir -,,e,,,,,,
line except certain port .ons re,,er,sj ,,-t+I,I,,
,he last TWO ~ears, Amounting "a - nil,
and half The estimated cost Of renew
ing the tracks is $4,000 mile
New-York tribune., 1910-11-12
would Overcome Panies.

Professor I.aughIin illustrated the panic
~ 1o7- saving that more money was no1
-. a. -ba. time SO that small trades
.,a, cor,rs carry Oh their business. buT
49, .t,e --o-1fle was that the banks - the
1srge cities had 20 call in their loans from
~ country banks III order 10 protect IaelT
reserves.
An elastic currency that was sdGed 70 Oy
notes tSsf,ed against securities purchased
. rssf vr-a-1ld n-t remedy this condition.
= ssfs a. the banks could not rePlenlsh
-1-ei~ reserve. which was an asset. oy an
addition 10 their notes. which were q ia
bIitv.
He said that the three great features OF
che or manic were the importation OF
cold the da1osits by the Treasury, ana The
clearing House certificates, all OF Whlch
.z5e4 "a the assets Of the banks. he ad-
,-.r.--aa As his remedy for existing none
-a--- conditions the organization OF sys-
-e-- OF centralized banks according 10 dis
.-iq+s wis one central bank over them
81 These banks would be supervised oy
-l-a government. but would not be under
r0ve-nrnent management They would
rave the nover 20 supervise loans end
transfer quick assets into money for loan
.rr The central banks would not be
money making institutions, but would be
solely for the purpose OF overseeing the
work OF the institutions in the district
more elastic currency would not be
New-York tribune., 1910-11-12
The Chinese Loan.


With regard to the underwriting Of
$50. 600. 600 Of the Chinese loan by Amer
leans. Senator Aldrich said:
Suppose we had an organization here
that had the confidence and the strength
which some of the institutions of Eng
land and France and Germany have
don't you believe that American credit
IN foreign countries would have stood
htRher than il does to-day?
aft is said that trade follows the flag.
.ald +be Senator. But II never follows
the flag If that flag is an empty symbol.
II follows the flag when our banking in
terests intelligent knowledge Of the con-
ditions of the parties to whom we are
APPLYING for trade commercial relations
and all those things are possible. One OF
-be first necessities OF the situation, to
expand our trade. is to have banking
facilities that have the confidence and
can stand for confidence in ali the mar
kets of the world. We can extend our
foreign trade by having closer CONNER
ciaI relations with our near neighbors-
with Canada, with Mexico.
IT understand perfectly well that the
question might readily be asked me-and
I think I see some gentlemen in the eu-
dience who would be very likely TO ask
me that question-how are you going
n get commercial relations, with your
views upon reciprocity, upon the
treaties and upon the tarifT. with South
America and the Orient? I would say,
as I have always said, that We ought
N have closer relations, whether it in
wolves the commercial treaties or other
vrise with the countries who are the only
customers we can hope to have for our
products-countries that buy what we
have 10 sell and sell what we have to
buy.
New-York tribune., 1910-11-12
Drink Olive Oil"

is the frequent advice of the
modern physician, because
pure olive oil prevents disease
and preserves health.
New-York tribune., 1910-11-12
CHIRI is
Pronounced SHERIS)
Olive Oil

IS the purest olive oilobtain-
able and is particularly noted
for its wholesome favor.
Chris Olive Oil will give
better satisfaction and pro-
duce better results than any
other brand of olive oil The
quality does II.
Send l0c for trial bottle and our
pamphlet. The Medicinal Value
OF Olive Oil"
c G. EULER, ShiFs a AssRl 5Iaz5s s9F AH523' AFaaee
Dept. (, iS PIatt Street, New York
New-York tribune., 1910-11-12
ALDR!CH ON CURRENCY
Continued from first page.

,-.,.od states Do you realize that .be
,,,,ber of depositors IN the various
ho,t,s of the United States is greater
.ba, tbe number of people engaged IN
,,saf,,1 occupations in this country?
ANY plan which for one instant Der
-,i-tad of political control hereafter :,
.,v of the great functions of the organi-
r.+ton which we might suggest would h.
.,+aI Ny associates VIII bear me out
uban I say this not n new thought on
NY mart. It has not arisen IN my mind
.i,ce I decided TO go out of political
rfe. II was not affected by the events ne
the last week; but 1t comes from a
knowledge that this question. If 1t is IN
he settled at all, must be settled upon
scientific and business principles that
will appeal to the people of this country
regardless of their party affiliations
The commission have no plan. Tho
commission are approaching this ones
ton with an open mind, and we have q
right. think, to ask the economists and
thoughtful men throughout the country
mind. And then, with my faith in the
intelligence and patriotism of the Amer
ican people, 1 believe that there can be
no question whatever about the result.
It have been told frequently that we
should encounter pre1udices, pretudices
of locality, pretudices as to the control
Of great interests, as 10 any institution
or any organization which we should
suggest I realize as well as any person
can that there can be no successful solu-
ton of this question that does not only
eliminate politics, but eliminates the pos
the part Of any interest great or small"
Senator Aldrich recalled his opinion,
expressed a year ago, that the questions
affecting currency and note issues were
Of less Importance than the question OF
organization or reorganization Of the
credit of the banking system Of the
country.
Further study and more careful ex-
animation OF the subject have confirmed
me fully in that belief" he added. Il
was greatly gratified TO hear to-day a
paper from one of Americas greatest
economists, IN which Professor Laughlin
took the position that after all this was
not q question primarily or particularly
of note issues, but was a question OF
reserves. and OF the lending power of
the banks; in other words, question OF
how we can make our immense capital
ALWAYS equal to any emergency and al
WAYS available for the wants OF the
business community of this great coun-
try"
New-York tribune., 1910-11-12
Influence of American Business.

Senator Aldrich dwelt on the growing
influence Of American business affairs
upon the European capitals. The rever-
berations of the panic of 1907, he said,
were felt all around the world. and the
connection Of this fact with the present
inquiry. he added had been brought
home by the inquiry over the cotton bills
I'VE send out OF the United states
81. 800 100000 OF products he said We
import about S2.OO0O00.00O value Of
products, making in all in the neighbor-
hood of s., 100000. Eighty per cent Of
that vast business. at least, is done by
foreign bankers. with foreign capital or
course, some Of IT passes through Ne"
York. New Orleans and Chicago in tram
sit. but the real business is done by for
eign houses, with foreign bills OF ex-
change. Now, it is not exactly credit
able TO US. with our immense capital
and resources. that that should be true
With regard to the cotton bills said
the Senator a situation was disclosed
which had ii not been for the courage
and intelligence Of the gentlemen con-
Quoting the negotiations might have
caused serious financial trouble, and the
American producer in the last analysis
would have had to pay the bills for the
exactions and the regulations that for
eigners put upon the foreign business OF
this country.
New-York tribune., 1910-11-12
NEED OF CENTRAL BANKING
Sneakers Before Academy OF
Political Science Urge Necessity.
WOULD OVERCOME PANlCS
No Money Making in Plan Chl-
cago Educator Advocates
Eank % England Criticised.

~. Academy OF Political Science oeg41
,-o,---,,,,is University yesterday morning
a. ,,,.-+ts,b annual session. holding II IN
..-,..ton with the National Monetary
>-,-,--,ies;on and having three delegates
80, the chamber OF Commerce present
-,a a.-bie~t discussed was currency re-
ro-,, and nearly all the speakers agreed
,- she necessity for central bank
In The discussion after the morning ses-
Son Henry REYNOLDS. president OF the Des
,goi7es National Bank. o1 Des Molnes'
low. and a brother of George b hey-
no15s president Of the Continental anu
~e-nercial National Bank OF Chicago o.
,ec-ed 10 4 central bank on the part OF lhe
country hanks. He said that the country
districts would Object 70 concentration
- money in which they would not share
s,5 i would not do any good 10 adopt a
-1s- =, which every one would not have
confidence
The first advocate Of a central bank was
Professor 7 Laurence Laughlin, OF the
r-nfversitv Of Chicago. He said that the
necessity Of the country was not al elasuc
currency. hu. increased facilities tor the
hanks TO expand their loans in time o1
financial st-inCency. and thus prevent q
panic.
Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1910-11-12
Beet Sugar Output Increases.

Last wear s American beet sugar pro-
duction reached 1,025,0O0, 900 pounds.
The cane sugar production for the same
year was 100000, 900 pounds. The beet
sugar crop of 1898 was but 10000, 900.
The cane sugar crop of that year, which
was short in Louisiana, owing to an abb
normally wet autumn and winter, was
70S, 100000 pounds. Normally it should
have been about 100000, 900 pounds.
Thus here, within twelve years, we see
the beet sugar production of our west
ern states increasing from 10000, 900
pounds to 1,025, 100000 pounds, or very
nearly twelve-fold, while during the
same twelve years the cane sugar pro-
duction of our Gulf states has remained
practically stationary, says Louisiana
Planter.
In all that time the two respective
crops have been subject to precisely the
same political or governmental condi.
tions. Industrially the cost of cult
waiting, harvesting and manufacturing
an acre of beets is considered to be
greater than that of the same process
applied to an acre of cane. The cane
yields a greater number of tons to the
acre, which increase is probably about
offset by the comparatively greater SUI
gar content of the ripened beet; their
available sugar content being from 10
to IL per cent, against 8 to 9 per cent
in that of cane. But the beet sugar
manufacturers, from a material more
difficult and costly to work than cane
produce sugar of quality ready to
enter into direct consumption and have
taken more active means to render theiI
products marketable. But probably the
chief cause of the splendid growth OF
the beet sugar industry, which within
score of years passed the century-old
cane sugar industry, lay in the quality
and the quality of the labor devoted
to it.
Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1910-11-12
LIVE WIRE CONVENTION.
Represented at Meeting In Spo-
kane November Ia

Representatives of practically every
commercial organization in Washington,
Oregon, Idaho, Montana and British Co
lumbia are expected to attend the first
Live Wire convention under the aus
pieces of the National Apple show in
Spokane on November IA. Arrange
ments have been made for $50 dele
gates.
The convention Will formally open the
third annual competitive. exposition at
10 o'clock in the morning, when Presi-
dent Taft has promised to touch a gold
en- button in the White House as a sig
nal to open the gates, and the delegates
will be the first to view the displays,
composed of 100000 apples, entered
in contests for prizes aggregating $780,
900 in value.
Following a MONDAY luncheon in the
Hall of the Doges, Howard Elliott of
st. Paul, president of the Northern Pa
ciic Railway company and head of the
National Apple show, and E. +. Cartier
Van Dissel, chairman of the board of
control, will welcome the visitors, after
which the delegates will march to the
show grounds, headed by military
band of so musicians.
Charles M. Fsssett, president, and
trustees of the Spokane chamber of com
meree and 200 representative business
and professional men will receive the
delegates and escort them to the mair
hall for the opening exercises. The
program includes brief addresses. by
President Elliott and Chairman Var
Dissel, response by representative
of the commercial clubs and music by
the National Apple Show band and the
Elks' quartet.