davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1910-10-08
BUSINESS TROUBLES.

TE1he following petitions in bankruptcy
uere lled yesterday ia the United States
District Court:
AOlEuta-y--AEaiEs Simpson Hamburger,
oepEty clerk IA the City court, Liabilities,
s-b-rf-- nominal assets, $3.50 Assets con-
s.z- Of Jo0 shares of stock OF the Dominion
copper Company CT British Columbia,
II liquidation, The stock II hands Of Z. ".
Lincoln, chairman OF the protective com
uittee, par value S,ssi. and a claim for
g. .s95 against El2l- Brothers, stock brokers,
16r twenty-five shares OF stock OF the
a Arualgamate1 copper Company ana thirty
shares Of the Iowa Central railroad Com
panr's preferred stock He has seven cred
i-Ors. namely. Blair Brothers, S5.3Nl; losses
in stock speculation, 1870, amount dis
pUted; Pauline II. HamDurger, Sle9g5;
MInna A. !. hamburger, S4.JJy. Jeanne
Guest, $500, sIgmdiC Eosenhe4m, Charles
ions " Va. Sl,-fU- samuel Hl4isr $LsJoJ,
LOUIS Pulitzer S-.-V0, al for money loaned.
\ ar1-AGalLsL C Everette Smith,
BOOK seller, of 30. p MOrningside avenue.
5Aaul.ltes. s-It5e ana nominal assets 81
eii o. which Tie largest item Is twenty
I'VE shares OF stock OF the Merchants Bus
~. 80 Dete-9p1asnt Company, par value
s-'e-' Iesl value very little. Among the
cIe--iors are Robert z Lane. se,l@l rent
On lease, Tile Groler Society, s2,56o, ErDe,
,ron6ie Lamothe. sLUS3, and c. a
-A5-El. Nells5Urg. y. Y. $50.
tary-AgsInst Mabel Russell Niles,
81 no. y Madison avenue, formerly mill
..ner al No East S0th street Liabilities,
s1.'fs ana no assets Among the creliioIs
ere. James TaIcott, SO. Henry Herman,
So George 4 Read. $500 rent. and Cecil
i5et-iu-lu & Co $40
-It-s1-y-Against David Steigman,
ot the 1Trn Of Steigman & Co, clothing
ulanufacturers at No. 10 Bleecker street
by these creditors. Morris Rosen. s259; Isl
cor Juger So, and Moses Smith, S3IG
ntary-A Eaiusr the Jacobs Com
Iany, manufacturers OF vault lights at No.
% West 54th street, by these creditors: J.
y Davies Foundry Company. &25s: &. y.
Hewitt a. Bros. SlI2: :. " olf Sons, SO,
and koIght & Williams, &-7Z.
Schedules n Bankruptcy Of the New York
Electric Fountain Company, OF No S34
Skin avenue. show liabilities $3s35l, and
assets. SZ.-70, consisting OF stock, $3.50, Of
nee furniture. $50, materials and machin-
err Sl93. accounts s, ,a23. and cash, So.
Herman Stenbery, grocer al No. 81 Lex
lHglCU avenue, has made an assignment to
Harold Il Sfenbery. he has been in busi-
ness since 1854 and had another store at
No "a Third avenue, which he sold in
January last
New-York tribune., 1910-10-08
posToN WOOL MARKET.

T7os-on oct THE Commercial Bulletl1
.-fil s-sv of the wool market tomorrow
.o--a houses there Is more business psIhs
80 l-,,t ip others tradiT is still rather un
satisfactory. However, there is nrIner .seI.
ing IN regard 10 values aitEough no sGf ss.It 80
Tted over territory. medium heeces' Ca4Ior-
-ia eight months Texas, South American
lroSahreis and Australian merinos ,
.-Nortana is selling quite freely IN orisina ma
.s~s - - - n 24c and il graded lots at Z2o
- raTF rg1ua. Other transactions fnoluae
yK-,-o-nInr and Utah IN original packages al
f.lf11c. original Arizona at - soc secured
Gp7Io- 1,i,rfsr blood at 26th q q nc. Ohio haIf
ts,..d sn5 fh-ee-eighths at IS q 2Jc. Northern
r..-iFo--5e - months al about 5sc; sample
bars Of eight months Texas CT % q 9ec. ~ =.
..-~,-s rEfrrraots uf wool from Boston TO
October q Inclusive. were I4I.5IJ,lf2 pcunos,
sgainst 200 47G.l4G poands for the same time
80 --aar THE receipts to October c. fnclu-
ssye were 226, ,SO7.732 pounds. against 34s +,
az sS2 pounds for the same period last year.
New-York tribune., 1910-10-08
FOREIGN MARKETS.

2 rf,ye-rool oct T.-Closing.-WlfEAT-S
7,-5I. 10 red Western winter. no stock:
S,5,ures steady: October, 9e 0%d; DeeemSsr.
',s,.s-7can mixed A I'D; futures quiet: Jan
20 =, 10rlfnHI; February, AZ Cd PEAs-Ca-
- Ian stsaev. Is. FLOUR-winter patents
sfead.. S1.l fs IOsaf4 IS. BEEF-Extra IndIa
SO frm. Is7s Cd PORk-PriTne mess
Western strong. I12s Sd, HAMs-short cut,
~ - 90 H. qniet 66s o.. BACON-GBmber-
I-,S ont 20 10 80 10, quiet 1ss: short rin. 10
-. o. "a no stock: clear bellies, Ia 20 16 To-
-, Us I'd long clear miadles, light zs
~ "a H., frun. us. long clear Intddles. heavy.
~ - i0 a. firm Tss. short clear backs 10 to
39 lI quiet. oss SO; shoulders, square. II 20
- ~ eVist Sos LARD--Prinie Western, in
,israe- rteadv. CAS-; Agnsriean Tehned. In pals,
n.- ~ CHEESE-Csnadian finest
,i,,fte. ne.y. arna. sJs Sd: Canadian tinest col
800 49, -, ~ C-r1 sas TALLOW-Prirne city.
NJ -tock TURPENTINE-spirtts steady: 54s
- FEcTROI TTJAI-Rsnned sIeaGys 20 LIN
eF-F-F1 CTI-StronE. ATS. COTTONSEED OIL
Hun re0ned spot. quiet Sls ID IALIAJW
-Eusfralian IN London arm, Sss ID hosIN
Ton6on oct RAW SUGAR-Centrif-
,.stl. Ils: n1uscovado. ss 90. BEET sL,aAfs
%CctoIser. 9s IOlzd. CALCCTIA LINE LINE ED
sI,r.l-Jiirle 62s Cd LINSEED oiI@ 44H-
ePFRa OIL Ese PETRoLEUM Nj - - = N metl
refined. 3 I5-1ed; spirits. I'd. TUitPE1SLLN E
snirits' s4s Cd ROsIN-Amerlcan strained.
l5s Sd; hns, los 1olzd.
New-York tribune., 1910-10-08
CHICAGO GRAIN MARkETs.

Chicago, Oct. Each decline brought fresh
support to-day ia the wheat market here It
was noticeable, however. that the buying did not
follow the advances far. and the choppy trade
that resulted not conductive TO investment
The close. however, was steady, and uotwfth-
standing that dispatches from Argentina were
even more contradictory than yesterday showed
a net gain OF y g sc Final sales Of corn were
sc 10 2sG1sc lower than last night; oats, &C
I'D TO 1sC OF, and hog products cheaper by l2t7
@2Zizc The buying temper in the wheat Pit
was pronounced. il the full knowledge, too
thar there had been advance Of only l1zo
II a week at Buenos Ayres. An effort had been
made 20 show by TIE comparison Of prices that
the CrCath was proving more OF a sensation in
the news than near az hand. The effect. though,
was more than offset by cable dispatches TO nrf1S
here asserting that damage had been done and
irnvlvfny that more would result II the absence
OF rain continued. On the other hand, general
news WIS all bearish- Stocks in this country
piled I'd rapidly and world shipments were ex-
3ected to be virtually 2,0oo go bushels heavier
thar a year ago The total cargoes from the
Argentine. India and Australia IN particular
were notably large Attention TO such signs OF
tIerfffrll supply what made the market
ri0se 2 q &C from the top figures Of the day
Tlprer7ber ranged between o15s GeS@<c. finishing
J. . sc u- 20 9S1zc. Range Of prices:
New-York tribune., 1910-10-08
COUNTRY PRODUCE MARKETS.
New York, October 2. 1el

New York October Z. 1910.
RFagS AND PEAS-Recefpts to-day, 2.B2!
haps Seans and Us bags peas. Supplies Of
new domestic white beans continue Lgnt am NJ
stock is cleaned up quite closely No sab
Iished value. The few lots that nae come me
forward sold on prtvate terms Llnla 20 Hef
marrow, choice, 1909, bushel. So %; medium
DO $ SSs2 90 l. i@RossfS s9 + d. isiP: saI:
low eve, 1903. s3 q So 10: black turtle soup.
s3 3as8 10: lima, California, 1910, 81 S29s 81 a. 20
RJTrTER-Receipts to-day. 4.95s pkgs. Fur
there shrinkage IN receipts ana a chanse 20
the market a little. High grade fresh cream
erv is steadier but there Is an aoundanee OF
ale az late prices. Process slow and in buyers
favor. Factory and packing stock remain l!IaI
gsistS g + aSc reams arsts II 5ase: seconds Is acc
fhirds "a G24Ifc; state dairy tubs, hnest' z,c;
g99d to prime % 5eeas E Ids cShUn $Te eItFas t9
e-sts 24Q 25c; seconds, 23c: imitation cream
cry arsts 24@25e faftory JHne ae aks seconds nFss
5hFds = 22S SGfrent Pa'hak maze 'i8o %o 2ls
- -C1HEESE-Receipts to-day 1.46O boxes. Mar
yet closing steady on top grades OF whole mug
Snq some fresh receipts OF white being paraf-
faed and put away by receivers and very nice
@ @9na1ity sIiii a. the 70 skim situation; top grades
ARMY held; medium grades dragging state
.rcv large or small colored or white, 10 kc
choice. las. G. I5c good e. prime. l44 Ia Hc
cnnamen to fair. II q I3%c: sklms, specials
tSI n 1oac average hne, II q 81 II he: falr TO
good 81 q i0Ac; common. s8T5e: fuil skirns'
'EGfs-Receipts to-day. e,134 cases; Ar
-,,,.is are tighter but while strictly fre TO
Fancy western are scarce and nrm the rnarket
is literally supplied with average prime ana
,,siii,,nn qualities which holders are anxious
20 rnnya Most sales of Western range - G2fc,
onII, "a few marks reaching 2T1sc, though rare
Ints ~ very exceptional quality bring shaue
mare storage eggs have d moderate ca!i, But
shovy no activity State, Pennsylvanla ana
saa srv hennery whites. fancy. 81 4Vc; ordl-
na~I, IA a sec; gathered whites, 30 Gaoc; heid.
.1hita Is a. csc: hennery browns. fancy, 500
10. gathered browns. IS q Soc common TO
SSooaa So4aa7e: Western gathered whites. 26n
a9c, fresh gathered selected extras, 2sas BUc; {;
So, frstr 26a 2TIac hrsts, "a q 25c; sec
onds o3a 24c: thirds, 81 q 22e: dirtles, No ].
ca1dIsd 2O9e Gle: No ?. isWlse; poorer, lSR
f2r, checks best. 17ts isiae; poor TO fair.
i9TJTo. refrigerator. special marks. fancy.
* 4 n poe; hrsts 20 u n 25c; seconds y q 25c:
'hi- 'hir-PIhryyS-DRIED--Th h spot market old
.oid .toTage apples continues very quiet
xs,,S,,-a market maintains its stlr undertone.
go =, November delivery prime being re-
,Hartsa AZ Sc and ors could probably sell at
90 nt The close. Decembers are reported sold
sFYSc Future chops sold Et 2&e, with Pa c
asrsraIiv Kidding price. Future waste quoted
az em9hc The small fruits are quiet. but
Nod STEADY to firm at the higher figures
quoted. Peaches ausst- Aprteots steady TO
New-York tribune., 1910-10-08
TO DEVELOP LITTLE KANAWHA
West Virginia Hines To Be Opened by
Building Of New Railroad

--l-c Little Ea-awila Syndicate, which
controls ninety thousand acres OF coal lands
in West Virginia. valued at more than go
o. sla. according 10 dispatches received in
Wall Street from Pitts5urE yesterday, has
81 last taken steps 10 develop its proper
ties. which have long lain dormant because
o. tfe-up n the voting power OF its stock
among three railroads. The present plan
OF the syndicate for opening up these coal
feds il is said. IS 70 build a small rail
road between FairnonJ- ". Va. and the
PENNSYLVANIA State line along the line OF
Ile MononSahela River. where It VIII meet
tie MononEahela Railroad, which viii ex-
tend fts tracks 70 the state line to meet
i-e new road by building q long piece Of
track and bridge ever the Monongahela
River The rights Of way for the building
q tie new read have already been aP
proved.
F14ty. Per cent OF the stock Of the Little
kanswha Syndicate is held by the Pitts
burg L Lake Erie Railroad, - Per cent by
IL Pennsylvania Railroad and 25 per cent
y the Baltimore & Ohio Railroad The
former two roads control the NonOngahela
Railroad. with which the proposed new
read IS 10 connect.
New-York tribune., 1910-10-08
FIVE CONVICTS BREAK JAIL
Use Hammer on Sing Sing Keep
er=Bind and Gag Another.

After having rendered one keeper sense
less with hammer and bound and gagged
another. FIVE convicts escaped from sing
Sing prison early yesterday morning The
men who got away We're confined Win
about I25 other prisoners IN the chapel
dormtory, which was In charge OF two
keepers. The convicts, all of whom are
still at large. are William Green. Of ossin-
ing; Walter Brannigan, of Mount kisce;
Robert Boyland. Israel Blum and Joseph
White. al OF New York City.
West Rollins, q West Indian negro. was
a member OF the escaping party, but he de-
serted his companions at the last moment
and warned Warden Frost Of what had oc-
Cured Il was after 3 O'Clock in the morn
ing when Rollins walked into the warden s
Office and coolly announced that five pris-
oners had escaped. II the negro had not
told the warden the fact that Eve men were
missing would not have been known until
6 o'clock. when the doors OF the dorn1itoTy
were opened for the day
The attack on the keepers occurred be-
tween ! and o'clock. Rollins said II was
led by Green. who hit Drum, one Of the
keepers, on the head with e hammer.
Drum staggered back and was followed by
Green, who kept raining blows upon his
head until he sank TO the floor. When the
other keeper. toley, rushed In to help
Drum he was seized by the others and
bound and gagged.
The prisoners then made their way to the
toilet roonl where they removed an iron
bar from the window This bar had been
sawed through. and II is supposed that the
men had been at work on it for some days
doing little saving each day as oppor-
tunity offered. The prisoners had also OBJ
tained = rope. which they made fast TO the
window. On this they slid down to the
ground. a distance Of only twelve feet Al
though guards are stationed on the walls
all night none noticed the escaping men
New-York tribune., 1910-10-08
LIVESTOCK MARKET.
Ner Yert. Oetober .. ieie.

New york. October o. 1910
BEEyEs-Receipts. 129 cars. or 29l0 head
snc1r5iuE is cars for the market; 1s cars on
sale counting the holdovers Steers more
active and al iog lss hisa s6s. sa' 90 1Se hsh
The yards So S Sc 50 psT 100 'G n Via ne
heifers: 81 259s5: oxen. s4es5 Dressed ssssi 0sss
in rather better demsnc t sT AZ Iopaon cat
tie rnarEsts lower at 1SA GLAZE, dressed
weight; refrigerator beef higher az Ie4
ports Saturday. 793 cattle and 1469 quarters
Of beef on the Minneapolis TO Lond9n; 5se
tie on the Trinidad 70 Bermuda
seIe.-MePhersen CO. 20 virginia VIE Ia steers ss rs
59o4 59 siS s5 Is 81 s. g. a OHIO Ii2e Is 50 10 Is
westerns. s5o lb. 81 so: %. g+2 ID. 81 so; l
iIsS T. So s15 500 ~ g g e. e a. !. $50 b.
ss SsW;sn ss tIos To- 4 s5 %, f1ss H. s. So l.
500 10. So; 20 Ksntusky' 1908 Ia sss 50; l pun.
e30 10 81 23; Virginia cows, e6o ID 81 y
] sharrbers & son: 10 Ohio steers. 1921 70.
West Is 15o yi6s5a S S 1899 7 iS isS b s. s.
Keftucky 1870 10. So 80. -
Judd CO; 20 West y1es " siIs,nla &. steers ii''
Kerns Commission Company: 10 virginia
steers, i05s ID. IS 30; IL Virsinia heif-rs. ioTT
~ s. Sanders: Is virginia steers. e75 10. s.: 4
virginia oxen. 12sS y. 30 : isoo ID. 81; cow
IlIe ID. 50 50; L. 1000 10. ss So l. 1000 H.
cAryFs-Recelpts 7s2 head. including ear
hssd Sor the market; 500 on safe Veals were
scarce ana arm: Western calves easier 90 sell
grasssrs nominal. The pens We're cleared.
Fair TO choice veais sold from $40 20 sl1 %
per 100 10: Western calves. - s. 80 for
common 20 fair; virginia do. s. q SO 90. city
dressed veals arm at I46 ITi1c: cGuntry
dressed Of y I31sc: dressed grassers and fed
calves. sR1Oc.
sales-s Judd CO., II5 Western calves.
ss5 10 average. So so per 100 ID; SO. 2s0 10.
81 70. - - - -
kerns Commission Company; I veal ff0 ID.
siI. az western calves. 3oT 10, s. 80.
s. Sanders: i2 veals. tT2 10. s11 IS; ). f42
ID, $40 so
81; ;, 2i4 u, 50 80. -
Tobia & shannoni 10 veais. f31 10. $40 go
SHEEP AND LAMBS-Rsceipts. II cars. or
.. .62I head. including ears FOR the market; 4
ears on sale. Sheep duli and easier. lambs
firm and 10 o 25c higher: about a car OF sheep
unsold Common 20 prime sheep sold at So .
81 20 per 100 10; cuiis. 81 so: good 20 prime
lambs, SInsT IS. ctsils- IS Dressed mutton
dull at y a &c: dressed lambs firn at II . i3c-
SaIes-Kerns Commission Company: 20s
state lambs, % ID average. Sc 81 per 100 10:
iea Indiana. ss 10. 81: go cgils 80 ID. 81; ~
io6 10. 81; 10 Indiana. los ID. s4: 10 cuiis- s.
Id. 81 so.
Toein s. shannon: IIe state Iarnb~ II ID.
~ so; 4 state sheep. III ID, 81 -
Newton q Co.: so Ohio lambs. ~ ID " 30
New-York tribune., 1910-10-08

New York, October Z, 1910.
GRAIN-wHEAT--Th wheat market r vas vas
Argentine, but on the whole the undertone
was steady and final prices were So lower to
the decline. Liverpool was lower than ex-
pected. prices being Influenced by our early
trade in the -four market and predictions that
shipments from the Block Sea ports would
exports exclusive OF United states AZ
l., ,eoc 900, which, with BraCstreet's American
exports. indicated total movenenL OF nearly
16.o0o00o bushels for the week. The Argenr-
tine news was almost toe conflicting TO be OF
value, as some authorities maintained that
damage had been done, While otheFs OF equal
standing said that the weather has been
favorable ana the crop outlook is for average
yields. The fact that the Argentine market
has failed TO show much advance the last
week was commented upon as bearish
factor. but there was comparatively little dis
position 90 favor the short side. The interior
Nnrfhvesteru points showed good increases
for tire week The cash demand was COM
paratively small and exporters were not
aggressive buyers, although sales for the day
markets showed some frmness and that has
tendency to discourage selling. although on
cred bearish, although recent purchases or
about 1000 bushels OF Manitoba wheat on
ta9ugf n 5be sres by some CASH
wheat here steady, with No red quoted
Northern Duluth, 81 217s ahoat. CORN
The corn market was moderately active and
easier. closing at "a q 1-c net lower Insre
was moderate covering at times, IN sympathy
with wheat. but the whole sentiment was
bearish. The weather was generally clear and
cooler In the West, which was considered
favorable for the new crop, and auth critics
generally were unanimous in predicting a
large WELD. The Ohio State report made the
condition 81. against 12 In September, while
the kentucky report was 81. against 20. The
Anal crop estimate by the Armour grain com
pany placed the indicated yield at $3.50, 0O0OOO
bushels. There was an improved export IN
ouiry en- the decline and sales for the day
amounted to "a loads No. corn here was
quoted so NC, elevator domestic basis, TO ar
rive, c I +, and 59Lc o afoat OATS
Oats were rather quiet and prices moved
within q narrow range In absence OF agsres-
siTo operations either way. Country accept
ances we're said to be quite liberal and the
cash demand was quiet Cash oats were
steady; standard white, S0hc; No ,. 40c; No
3, 39c: No 4. 3Sc. RYE-Market firm Nc =
western SO nc. o New York. BARLEY
Market firm; mating, T4@7Sc, o I Buffalo.
CCKWHEAT-Market easy American, roc
New York: Canadian. SOC, C T New
York. for export BUEKWHEAT FLOUR
Market steady, at 81 20 @ 81 35 per 100 ID.
Wheat, including flour exports FOR the Week.
according 20 Bradstreet's, aggregate 2,592 $50
bushels, against 2126,6T7 last week and 4, 4,13e,-
&C., last year; since July ]. 22053, ,629 buehelE,
against 32,555. .445 last season Corn exports
for the week, 435.321 bushels against OBS, S6S
last week and 167, 622 last year since July
I. 1910 corn exports are 4.031-402 bushels.
against 1,516,SI4 for the same period last
New-York tribune., 1910-10-08
LONDON WOOL SALES.

London, Oct "A miscellaneous assort-
ment Of I3,49 bales was offered at the
u-Uol auction sales to-day. The demand
was fair and recent rates were maintained.
AIerinos sold in sellers favor. The sales
follow: New South Wales, 2,s0O bales;
secured, 7s4dGIs gid; greasy, 61kd91s I'd
Queensland. z,4o0 bales; secured, is 1dQ
IS atd. greasy, 9dG1s I'd. Victoria, 500
bales. secured, Is 3dG2s; greasy. sdg Is.
South Australia, 2OO bales; secured. 11ledg
Is sid; greasy, 10d@ Is. West Australia,
100 bales; greasy. 711dG1s Id. New zea-
land, 1000 bales; secured. 1sQ1s 1ll2d;
greasy. Ss4dGIs ID. Cape Of Good Hope
and Natal, 600 bales; secured. Is 6lrdQ
Is 9iZd; greasy, 61d09d. Punta Arenas,
400 bales; greasy, 01zdG1s.
New-York tribune., 1910-10-08

Tha local market Tor spot cutton WIS quiet,
With prices s5 points higher. at - DOC for mid
ding upland and IA T5c for m@iddiing @ Gulf No
eaistS. delIysrad an contract 100 bales South
ern spot markets were telegraphed az follows:
Mobile firrn and sc higher az 10 LS,loc; sales
e1,ss a. es78 bales Norfolk steady and ko
higher at l4Ao; sales, $50 ba.es, haltimore
nominal IN ,ea h,~5sr at IA 3-18c. sales / Kf4
bSias St Louis steady and u1chnnEeS ~ 10. a. i4c
lAt lAtte fsS ,n - ara I-1sc higher at i4Ao: sales
y IoS bales. New orleans steady ,,d and and 5-l6e
higher at - tILoff ~ p,gher at 1ssQ14c VIII
s6fa&s mnon anu aaie and hsher, e i4e .,s Memphis a
steady and &c higher a. i4se. 80 "a !; 100 100
ssirs 7bs bales Liverpool % ea1les Spot CT
4op IN good inquiry; sales. sooo y aeS il irscIa-
iisS 10 6. sna Amsrcsn 4ooo madIIng o5 INLAND 1ssa
FUTURES opened steady at Se" ianiais ,o,ns:
a,oss s,r.ne AT a net advance OF IoVr- points:
Srtober. 7.6Td; october-NovemDsf' ''oi"' NO.
New-York tribune., 1910-10-08
WATTS HEADS BANKERS
slcceeds L. z. Pierson-Burton
on Currency Reform.

A-reles. Oct. IF. o. Watts. presi-
-. ~ the First National Bank OF Nash
- Tenn. was to-day elected presloen1
= -. American Bankers Association. to
--..oa7 Lewis E Pierson. CT New York
-r-srs.,, T5vtnrston. president OF the Dimes
s,.--f--s Bznk. Of Detroit, was elected hrst
=. -,-.sjf5eut, to succeed Mr.. Watts, elect
Cd president - - o,,,o
.o,-5e- Of the Monetary Commission. In
s,zdressing the convention this afternoon
said in part;
whatever method is adopted. the follow
snr four principles should be observed II
-s-y T7lan Tor regulation OF the currency:
T-, same care should be observed Tor
rhe cancellation or W1tndrawai o. c-l - Sels.e- o.
- notes when they are REDUNDANT as loF
-hefr Increase IN times Of scarcity or STeSS.
,S~esf I7ains should be taken TO prevent the
E-aGzaJlon OF note issues tor tne pIeLnouOn
In regulations Tor the lSsaallce OF cur
.-encr, the decision OF the amount and con-
-f-usrce cf its circulation should rest upon
demands Of trade. The basis should be as
.ets upon which there can be promised
s7ealizstion. There should be the greatest
POSSIBLE divorce from arbitrary controi or
3 ClrculaIing notes should possess abso-
lutte security. OF at least the nearest pos
eibIe approach to absolute security @ LlS
pleasing fiction written Gown es = sN,,.~ e.
Esrlters on finance. that bill tntenoeo 10y
kniversal circulation and accepyaIce, a.
money is only one form Of the obngauons
of bank and should be possessed OF no
more SaEcIsry than other ceols- Se-1l.gA e
SC--eDted. The tine viii not and should not
come when after reading OF the failure oL
a hank the reader VIII anNioaHts ivOA
through his pocketbook 10 see II ne mas
any blIis Of that insrtutior 60.
= .asa ~ l,5fIs issued by banks. profits
should rot be expected from the exercise
Of the privilege. but rather from the aodTG
ebfiirV TO provide for their customers ana
fl7a ADVANTAGES which accrue from their
shiIstv 10 meet any and all eme-eencies- !
- n0r think that the banks have sought
--re7t IN this direction
New Orleans, Atlantic City, Richmond
-. san Antonio. Niagara Falls and St
-.o-lis are after the 1911 meeting The ex-
er-,-iva committee viii make a decision a
2 rneetirg next MAY.
This was the last day or the convention.
and il was marked by a resumption Of ses-
sfons by the convention as a whole. One
81 the principal addresses WIS made by
s7sre'd Remington. Of New York who dis
,--g=sd Bankers and Bankruptcy Law"