davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1911-12-27
THE ARMY OF INVESTORS.

The New York Journal of Commerce
statistics for the year demonstrate that
the process of diffusing the ownership Of
industries I'm this country continued at
the usual rate. It's canvass Of ninety-one
railroad corporations with a capitaliza-
tion of $500 100000 shows that the In
crease I'm the number of their sharehoid-
ers was 2Q275. This was an increase
Of s per cent, while the increase in their
capitalization was only per cent the
number of shareholders increasing faster
than the capitaliza ton. Average holdings
thus become smaller. The same ten
dcncy is shown in the canvass Of 143
industrial corporations with capitaliza-
ton of S5.25OO0OO00. Here the capitali-
Zation increased / per cent, while the
number of shareholders increased 8 per
cent. The average holdings in the two
classes of corporations together de-
creased six shares in the year.
This popularization Of investment in
corporations will have wholesome ef-
feet The small investor will demand
publicity of corporation operations so
that he may he protected in his invest
ments. The gradual absorption Of secu-
rites by the public will tend 10 check
speculation. Corporations will no longer
he run with an eye to Wall Street as
their shares get into the hands Of those
who intend to hold them permanently,
and widespread investment in their
shares will have a SOLDERING influence
upon the anti-corporatiOn agitation.
New-York tribune., 1911-12-27
IN THE sERKSHIREs.

By Telegram % The Tribune
Leuox. Dec. 26.-Miss Virginia Butler was
hostess at dinner for fourteen to-nisnt
AZ tho Nunnery. in Stockbridge compl'
mentary 70 her guests. the Misses DAISY
Kins and Margaret McQuiston. Of New
York
llr and Mr.. Frank K Sturgs, who na''
been in LenoX returned 70 town to-day
Dr aud Mrs Henry p. JaQues who are
home from Milton, are entertaining MIS-
Francis NJ Ware and Robert Ware az
Home Farm.
Mr. and Mrs. Elley Sedgwick. ~ Boston
have arrived i'm Stockbridge and are CUES"
of Nr and Mrs. Alexander Sedswick.
Miss Allison Haughton ana Lawrence
Haughton are guests OF Miss Catherin'
Lawrence.
Mrs William Amory and the Misses
Amory arrived to-day az the Gayitt House
Cortlandt Field Bishop is leaving to-nor'
row for a few days In New York
Charles AlcVeagh Of New York was AZ
tackled by acute indigestion while az dinner
at the Sedgwlck home, in Stockbridge. yes
terdsy, and was attended by a physician
IL he IS able 10 travel he will return 10 New
York tomorrow With Mrs McVeagh ~
has been visiting Mr.. and Mrs. Alexanae
Sedgwick
New-York tribune., 1911-12-27
SOCIAL NOTES FROM NEWPORT

tBy Telegraph 70 The Tribune
Newport. Dec. 25-Seyeral cadets from
West Point are among the guests ot a
holiday house party being entertained by
Mrs. George T. Harrison. OF Washington,
who ia spending the winter With her son,
Lieutenant Edward s Harrison. at For,
Adams The cadets are william c. Har.
rison. Millard F. Harmon. Huston White.
side and Robert Crest The Misses Ruth
Anderson and Alice Dressell. of Washing.
ton, are also Of the party.
Improvements are being made 70 Grey.
stone. the summer residence OF Mrs J. J.
Wysong, who intends 70 occupy the plaes
next season. after years absence.
Mr.. and Mrs. Julian Little, OF New York
are guests a. the Muenchinger King.
Mr.. and Mrs. Sidney Jones Colford r.,
are planning New Years Eve dinner.
which will be in honor of the fourth ami
versary of their wedding
Mrs J. Maurice Congdon and the Misses
Grosvenor have returned 10 Prov,dencs
after short visit with Miss Rosa
Grosvenor.
J. Fl Colt, Of New York. vas the guest
of Or. .. W Huntington to-day
Lorilard Spencer. IT., has returned 70
New York.
New-York tribune., 1911-12-27
WELSHTNG.

one Of the most despicable persons
in the world is the welsher the man
who greedily pockets what he wins
but sneaks out of paying when he
loses. The Democratic party in Mary
land is about to reveal itself in that
unenviable character According to
The Baltimore SUM-" the Legislature
intends to rush through a repeal OF
the Wilson trick ballot law, apply
ing ? TO the Southern Maryland ana
Eastern Shore counties, for fear 1t may
be used during Governor Goldsborougn S
term to plague its crafty inventors. IN
der the law the present Governor has
appointed election supervisors, who have
rigged up a ballot designed 10 aid Demo
cratic voters and TO embarrass RepuDH-
cans. The Legislature does not like 10
think what might happen II Republican
Supervisors should try TO give the Demo-
cratic organization in the Wilson law
counties n dose Of its own medicine.
"The sun" frankly admits the real
reason for the Legislatures haste 10 act.
1t says:
If il 1.-THE Wilson lawl were continued
on the statute book the Republicans.
having a majority Of the election super
visors, could do the same things to the
Democrats that the Democrats have
been doing TO them. The Democrats
manifest no disposition to put this
power into the hands of their adver-
saries, and it may be assumed that they
will be glad to expunge the law
Heretofore the Wilson law has been
stOutly defended by the Democratic
press as proper safeguard against the
domination of the illiterate voter. Now
the real character Of the alleged safe
guard is being confessed by the panic
stricken Democratic politicians.
The Republican party in Maryland
does not want the law retained. 1t IS
willing to give every elector an equal
chance 10 cast his vote and have it
counted. II can afford to look with
amusement on the DemOCracy's Confes-
sion of dishonesty and its welsher's anx-
iety to avoid the payment of a just
political debt.
New-York tribune., 1911-12-27
ADMIRAL DEWEY "a
Still Alert and Active as a Much
Younger Man.

Washington. Dec 26.-Admiral George
Dewey celebrated the seventy fourth ami
yersary of his birth to-day. Twelve years
after all other naval officers are by law
retired from active service the admiral
was as busy at his desk in his Office, In the
Mills Building. as ne mad ever been. To-
night he received a few old friends at his
home. among the callers being President
Taft and Secretary Hilles.
The admiral believes the secret OF goou
health 10 be congenial employment His
admirers accept his theory, for his walk IS
as brisk. his handclasp as frm and his
energy as abundant as that Of man many
wears younger. He appeared in his oftice
promptly al o'clock and plunged into his
work. At intervals he was interrupted to
receive the greetings and congratulations
# almost all the senior officers Of the navy
and army. ana time and again he laid aside
official papers 70 read somo telegram or
letter conveying birthday greetings
With his desk clear soon after noon. Ad-
miral Dewey, according 10 custom, went
home TO dine with a few guests His
last word on leaving his office was an as
surance that he would head the line or
naval officers at the New Years reception
~ the White House next Monday.
New-York tribune., 1911-12-27

general condemnation as well as heavy
legal penalty Yet men Of assumed 5udg-
ment and responsibility permit their
children to run engines on city streets
at express train speed, as though they
we're rolling hoops or playing marbles,
and society looks on complacently, affect
ing to be surprised and grieved when the
natural result ensues.
II would not be pleasant to add a
single pang or painful thought to the
sorrow and bereavement which have al
ready been caused by that Christmas
tragedy. But it would be wrong to let
il pass unappreciated, or regarded mere
ly as an unavoidable accident or as an
inscrutable dispensation of Providence
1t was a fragrant display of juvenile
mischief approximating viciousness, and
easily susceptible Of developing into
criminality AS for the parental care
lessness and the social callousness which
permit such doings, they have their re-
ward.
New-York tribune., 1911-12-27
TAunlYY7S BUILDING CODE.

The Tammany Board of Aldermen in
its dying days is treating the city 10 an
edifying spectacle in the attempt TO jam
through a new building code. Since the
revision of the building code was begun,
months ago. there have been more
charges and insinuations of special in
terests" seeking very special considera-
ton in the way OF favorS for them and
exclusion Of competitors under the terms
of the new code, more fighting among
officials and more washing of dirty linen
than the public is accustomed to expect
even from a Tammany Board Of Alder
men in a Murphyized organization.
The relative merits Of reinforced con
crete and other freproof1ng, Of seq
mental or fat arches, and similar techni-
cal details. are things the pubic does
not know much about and is unwilling
to take the trouble TO master. It does
know that manipulation of the building
codes requirements could enrich favored
interests and their friends ION the In
side" 1t does know that Tammany is in
business to help its friends who show a
proper spirit Of reciprocity. The code
just reported for jamming through to
passage at an adjourned meeting Of the
Aldermen may be good or bad. Presum-
ably nobody but its authors knows any
thing about it. 1t is not helped in the
public mind by the fact that Murphys
alderman Is its sponsor. Tammanys
attempt to jam through the Legislature
charter for New York City failed, at
first because Tammany was under sus-
picion, and then because the jobs in the
charter became known Of all men. 1t is
unthinkable that a Tammany building
code whose contents nobody knows
may become a city ordinance overnight
If the Aldermen jam it through, Mayor
Gaynor should knock IL out.
New-York tribune., 1911-12-27
THE DIPLOMATIC CORPS.
From The Tribune Bureau. !

From The Tribune Bureau
Washington, Dec. 26.-The Austrian AM
bassador, who has been abroad since Au-
gust, is expected TO arrive in New York
on the Mauretanla on January 4. Baroness
HengelmGller is not expected until May
The German Ambassador and Countess
Won Bernstorff returned to-day from a
weeks visit In New York
Commander Retzmann, German naval at
tache, whose transfer was recently an
uounced, will remain here until late In the
spring, when he will be replaced by Com
mander Boyed.
viscountess Benolst day, wife OF the
naval attache OF the French Embassy, VINO
has lust returned 10 Washington with her
husband after spending the summer In
France, has received from the Sultan OF
Turkey a beautiful decoration. the cross oil
Chenatat. Of diamonds and rubies, sus-
pended from q ribbon of white and green.
The viscountess became great faVorlte
at the Turkish court in the year that Nis-
count Benoist day was stationed In Tur-
kew. in command Of a French gunboat, and
the decoration is one OF the rarest the
Sultan can bestow on a woman.
New-York tribune., 1911-12-27
TAFT HEEDs MOTHERS PLEA
Commutes Sentences of Her Son anu
Three Other Prisoners.

Washington, Dec. 2S.-President Tam hAs
commuted the sentences OF four fedela'
prisoners. The pathetic appeal Of pre-
oner's mother. eighty years old. FOR the son
she had not seen for twenty-five years
caused the President 10 commute 10 exp"'
al once the sentence OF william J. ke,'
who pleaded guilty in la at ST Josep-
Mo, 20 counterfeiting. His eight-year Ter"
would have expired on April p. 1872
Tho President also commuted 10 expn'
az once the life sentences OF Howell eooS'
an Indian who pleaded guilty 10 muru''
az Salpulpa. Ind r.. In 1909 OF CnSi,.
Hopkins. IA negro. convicted or murde' -
the District of Columbia in 1854
The sentence of Fayette +. Armstrone
convicted at Fort Smith, Ark. OF violstihs
the retail liquor license law, scheduiea ="
expire on May 90 was shortened o' :
month and half.
New-York tribune., 1911-12-27

and Of its insular possessions. or the
westward bound traffic in 1911 practical
ly 81 per cent was of this class, and Of
the eastward bound 9S per cent These
figures indicate how greatly American
commerce would profit from an arrange
ment which practically exempted coast.
wise shipping from canal tolls. The fact
that through Increase of facilities-an
improved railroad at Panama and new
one at Tehuantepec-t has been so
enormously encouraged. stimulated and
increased irresistibly suggests that a
similar though still more marked growth
may be effected through the opening OF
the canal. We do not know that our own
transcOntinental railroads have greatly
suffered from the prosperity of Tehuan-
tepec, and il may be that neither they
nor Tehuantepec will suffer from the de
velopment Of vast and profitable COM
merce ar Panama.
New-York tribune., 1911-12-27

in a great variety of studies; even
greater variety than that with which
they are now overburdened. But unhap-
PLY 1t is not possible to put gallon into
quart jug or to put the schooling Of
ten years into FIVE. If all grammar
school graduates were made able to read
and write the English language with
ease and correctness, to perform the fun
damental operations of arithmetic with
facility and accuracy and to know the
CHEF facts Of geography and history, es-
pecially of our own land and age, they
would he more highly as we'll as more
serviccably educated than they are to-
day.
New-York tribune., 1911-12-27

The advanced ground taken by the
President in the direction of providing
regulations for traffic through the PAN
anna Canal. especially with a view to
promoting commerce under our own flag
gives interest 10 statistics showing the
actual volume Of traffic which has
crossed and is now crossing the 18TH
muses. as affording basis for intelli-
gent forecasts Of the probable patronage
Of the canal II is TO be assumed that
practically all the traffic which now
crosses the lower isthmus, save that Of
local destination, will be transferred
from the Panama Railroad TO through
steam navigation What will happen at
the upper isthmus can be no more than
conjectured; but there is reason 10 eX-
pect. as we have already suggested, that
the Tehuantepec Railroad will be by far
the most formidable rival Of the canal.
Five years ago, before the Tehuante-
pee route was opened and when the Pan
anna Railroad was the only transisth-
mian route, the total traffic between the
TWO coasts by that way was valued
at only 100000 The next year
Tehuantepec was open, and the volume
rose 10 S21,OOO.OO0. In 1908 it was S42,-
100000; in 1909, S62,OOOOOO; in 1910,
$50, 10000, and in 1911, S99,OOO,cOO.
Thus there has been an increase of six
teen and half fold in five years.
These figures, il should be explained,
refer solely 10 American commerce, be-
tween our Atlantic and Gulf ports on
the one hand and our own Pacific ports
and those Of Central and South America
on the other. The growth thus indicated
is highly gratifying, and speculation as
10 its continuance is interesting.
The major part Of this increase has
been over the Tehuantepec route and
is probably the response TO and the re-
suit Of that enlargement Of facilities.
Thus the S6.OOO.OOO Of 1906 was all at
Panama, while Of the $2l 100000 Of 1907
S11.JOOOOO went by way Of Tehuantepec
IN 1911. Of the S99OOOOOO. Panama had
only $26.0O00O0, while S73,OOO.OOO went
across the upper isthmus. Tehuantepec
thus having nearly threefOurthS Traf-
fic at Panama has more than Quadrupled,
while that at Tehuantepec, exceeding
that at Panama in the very first year Of
competition, is now nearly three times
the greater and is steadily increasing It's
prepOnderance IL would seem, there
fore, that Tehuantepec is the competitor
with which the canal has most directly
10 reckon.
Vow, Of all this volume Of commerce,
the overwhelming bulk is purely domos-
tic between ports Of the United States
New-York tribune., 1911-12-27
CARDINALS TO VISIT NAPLES
American Prelates Will See Something
of Italv Outside Rome.

Rome, Dec. 26.-Cardinal O'Connell de
parted early this morning by automobile
for Naples He was accompanied by the
Rev. ]. F Coppinger, Of Boston. His suite
left shortly afterward by train for the
same destination.
Cardinal O'Connen intends TO pay visit
10 the town Of Taormna. IN Sicily, and
spend a few days there before embarkinS
for Boston.
The Pope, wishing TO give a fresh proof
OF his sentiments toward Cardinal Farley.
has fixed his farewell audience with the
American prelate for tomorrow which is
dedicated 10 St John. As this is Cardinal
Farley's name day the Pontiff wishes 70
congratulate him personally.
Cardinal Farley will leave here on
Thursday morning for Naples, where he
will remain until his departure for New
York.
New-York tribune., 1911-12-27
OLD SOLDIERS NOT FOOLS
A Veteran Says Democrats Will Not
Gain by Their Trick.

To the Editor Of The Tribune.
Sir: / want TO thank you in behalf OF
lot Of old soldiers, myself one Of them for
tho editorial in last Sundays Tribune
which refers to the dollar a day pension
That pension bill passed the House as
purely a Democratic dodge for votes not
with any idea of helping the old soldier
and they expect it to be turned down III
the Senate, as It certainly ought 10 oe
Then they will howl about the Republican
Senate-how II has voted against giving
aid to the old soldier The fact is that the
pensions of all soldiers are now liberal ana
we're made 90 by the Republicans almost
entirely. J do not believe this vote OF the
House will work as the Democrats expect
II IN The old soldiers are not pack OF
fools or beggars, and believe they Will al
most to a man back the Senate to defeat
this bill r. ~ hii1i'''
Harrington, Conn, Dec 2S, 1911
New-York tribune., 1911-12-27
THREATEN CHARITY REQUESTS
Nephew, Cut Off in Woman's Will,
Brings Suit to Break II.

A contest filed Yesterday in the Surro-
gates office OF the Will of Miss Mary f..
Roberts. who died November ), threatens
three charitable bequests agGregating $4,000
made by the testatriX. These bequests
were: ST. Luke's Hospital $1,000. St
Mary's Free Hospital for Children, $4,000,
and the Home for lncurables, $1,000.
Miss Roberts divided the residue of her
estate among four nieces for their kind
ness to her during her lifetime. leaving
$1,000 to her sister Mrs Katherine Il.
Jackson. The testatrix left out OF her will
three nephews and one niece one of these
nephews, Henry j. Roberts. is the contest
ant He alleges that the will Of his aunt
was obtained by coercion, fraud and undue
influence. and that she was not OF sound
mind when she executed the instrument in
1902
New-York tribune., 1911-12-27
TO DODGE AERO CLUBS RULE
Western Insurgents Will Form a New
Ballooning Association.

Kansas city. Mo. Dec ga new TN
surgsnt' ballooning association that will bc
free from the authority of the Aero Club
Of America is being formed in the West.
Either Kansas City or St Louis is to be-
the headquarters of the organization Plans
have been forming through the efforts OF
Charles +. Weneker. president Of the Mill
ion Population Club, of ST. Louis, and
George Nj. Myers. head of the Kansas
city Aero club Denver. Salt Lake city.
Topeka, Peoria, Chicago and Cincinnati
will probably hold MEMBERSHIPS. New bal
looming rules. IT is expected. win be made.
While the new association will be afiih-
ated with tho Aero Club OF America, all
of its contests will be controlled by West
ern men.
New-York tribune., 1911-12-27
ACCIDENTS TO WORKMEN
Insurance Urged as Better Safeguard
than Mr.. Stetson s Amendment

To the Editor of The Tribune.
Sir: The Tribune OF this morning speaks
OF a new liability amendment as proposed
by Francis l.. Stetson. / am travelling
salesman. I am insured against acidents
NV policy, which is for $500, costs me about
81 year. If hurt through accident the
company pays me s25 a week: for loss OF
one arm, $500 or loss OF leg $500, or II
killed. 5000 to my heirs. The company IN
tends to increase the policy to $4,000 after
January ], and the rate will not be any
higher
Cannot skilled workmen like bricklayers'
machinists. firemen, carpenters ana nun.
dreds of other tradesmen who earn gooo
wages get accident insurance at reason
able enough sum TO get their own insur-
ance as well as the travelling salesman
Lots Of those skilled workmen earn as
much money as. some perhaps even more
than, some travelling statesmen. The Whoie
thing is class legislation, and our Board OF
Trade. Merchants Association and all en-
plovers of labor should denounce any such
proposition.
If this bill passes It viii put many smaii
manufacturers out Of business. There are
insurance companies that VIII insure iaoo'
ing men. A good business might be WORKED
up. All the legislation within the last ten
years has been only IN the interest OF the
laborlng man and absolutely nothing TOT
the employer or manufacturer. The Court
Of Appeals in deciding the former Dill un-
constitutional acted very wisely, In my opin-
ion. Unless some such scheme Is proposed
like the new English law, taxing worKmeh
for their insurance. ] must say that am
frankly opposed 20 Francis il. Stetsons
idea.
Already several employers OF labor haVe
been mulcted for large sums, owing 10
accidents for which they perhaps were not
responsible. It Is an unjust law and VIII
bankrupt many small concerns.
JOHN CRAWFORD.
Nav York Dec. "a 1911.
New-York tribune., 1911-12-27
WINTHROP lNsPEcTs pRYpocK

Inspection OF the new drydocK. or as
much of 1t as could be seen outside the
twenty-five feet - water It contained. was
tho principal feature of a visit TO the navy
yard In Brooklyn yesterday by Beek.an
Winthrop, Assistant Secretary Of the Navy.
He also went on board some OF the ships
at the station, departing soon after O'Clock
for Washington. Dredges are at work on
the wall between the big basin aud tide
water, but 1t will be fortnight before the
work is completed.
New-York tribune., 1911-12-27
NETWORK DAILY TRIBUNE WEDNESDAY. DECEMBER 81, 1911

Probably not They will still ask: How 90
you think II got away7 Was II reahy
stolenT DO they know who took itT ETC.
And many will regret that the empty space
has been covered over. for they would IKE
to see it-ft must be so interesting.
Misc Ant,nue-If a man should kiss me
under the mlstletoe I'm sure I should posi-
lively die. ,,,.
PHILADELPHIA Record.
New-York tribune., 1911-12-27
TO SUSPEND FERRY SERVICE

The nterboroush Ferry Company W.
temporarily suspend its ferry service .",s !"
ginning tomorrow morning, from Easi w,
street. Manhattan. 10 Greenpoint sVen"n n,
BROOKLYN Tho company. however lint
continue running boats from GreenpSs sile
avenue 10 Grand street. Manhattdn vast
the Dock Department Is rebuilding var .-ors
10th street terminal As soon as mus" rs
is completed the company Will RESUME
former service.
New-York tribune., 1911-12-27
Peopfe and Social Incidents

law, Mrs. Robert II. HIT On SUNDAY
January 7. Mr.. and Mrs. Joseph Letter
will give a dinner in honor of Mrs Van.
derbilt.
Mr.. and Mrs. Alexander Britton gar.
a dance tonight for the schoolboy and
schoolgirl friends Of their daughter, Mis-,
Margaret Britton. Charles Taft wa,
one of the guests
New-York tribune., 1911-12-27

This country can we'll say good rid
dance to General Bernardo Reyes. He
tried his best, or worst, to embroil the
United States with Mexico, while insin-
cerely protesting his innocence Of all
such schemes, and he has now been COM
PEELED TO surrender himself to the gov
ernment against which he had been plot
ting. We shall hear no more protesta-
tlons Of his regard for American neu-
trality laws. and it is to be hoped that
others will profit from his example