davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1912-03-21
FEARS RAILROAD COMPACT DK To SEND MESSAGES
Untermyer Opposes N. Y. Gen.
traI-NeW Haven Deal.
RUTLAND PURCHASE ISSUE
ACQUISITION of Upstate Lines by
Vanderbilt Corporation Also
Is Fought.

Albany. March 9O-Samuel Untermyer,
Of New York. to-day charged before the
Public Service Commission that the taking
over of the New York. Ontario & Western
Railroad Company by the New York Cen
tral, the transfer OF the control Of the
Rutland road by the Central to the New
York. New Haven & Hartford and an
agreement between the Central and the
New Haven as to the Boston Albany
We're a comprehensive deal for peace h"-
tween the Central and the New Haven. Mr.
Untermyer made his final argument In op-
position to the purchase of the Rutland
road by the New Haven.
It was contended also by Mr. Untermver
that the proposed transfers We're TO parcel
out territory, making the New Haven rodd
the practical master Of all New England
and leaving the Central in control OF South
ern and Central New York, and were plan
TO get out Of each others way and be able 10
fight other roads. lie appealed to the com
mission TO use it's power to protect minor
ity stockholders.
Mr. Untermyer held that the three qu-a-
tious before the commission We're: First
whether the transaction was violation OF
the Sherman antitrust law: and. II so. sec
ond. was not the commission forcclosed
from giving its consent to the application?
and third. IL the commission had the power
ii should be exercised in accordance Wlth
the spirit OF modern times, and not WIN
the spirit which. he said, had characterized
railroad management in the past.
+. ID. Robbins, general attorney for the
New Haven, insisted that the Rutland was
a natural part of the New Haven system
and Of the Central The New Haven
having the majority Of stock OF the Boston
& Maine. If allowed TO take the Rutland
stock Mr. Robbins said, would mean the
creation OF an important differcntaI Ane
between New England points ana the Vest
which would attract TO the Rutland .
greater volume of business as part or the
New Haven system.
The case was closed and the commission
reserved decision.
The Public Service Commission also heard
the applications Of the New York Cehtrdi
for consent 70 purchase the caplta stocN
Of the Rome, WatertOwn x Ogdensours
Railroad Company and Of the Utica q
Black River Railroad Company Nlce-Fr'S'-
dent Albert T. Harris stated that the puI-
chase of these lines Is desirable for the
company and the public interest because OF
the close relations now existing amons
these companies. He said economies oL
operation would result.
Theodore l. Cross, OF Utica, representing
stockholders Of the Utica & Black River
opposed the granting OF the application per
tanning TO that company on the ground that
It was against public policy.
New-York tribune., 1912-03-21
SEE NO SHIP SUBSIDY
Free Use of Panama Canal by
American Vessels Urged.
lFrom Tie Tribune bureau


Washington. March 2o-Characterizing az
mere sophistry the assertion That the re-
mission OF Panama Canal tolls 10 Am"ri-
can owned ships would amount 10 snip
subsidy. four members OF the House Com
nittce on Interstate and Foreign Com
mercc to-day filed a minority report on the
canal bill. II is signed by Representatives
Knowland and Calder, Republicans, and
Doromus and Broussard. Democrats.
The minority Views are devoted almost
exclusively to criticism Of IN" plan deny
ing the free use OF the canal To American
vessels engaged in the Coastwise trade.
The remission of tolls, II is urged, would
not be Il violation of treaty obligations and
would encourage American coastwlse trade.
The talk Of 'subsdiZing' the shipping
interests at the cxpens" Of tina American
people is mere soph!stry and only befogs
thp issue" says the report The tolls i'm
posed at the canal would be added 10 the
freight paid by the American people who
consume the commodities This proposition
is fundamental. Free tolls 10 our coast
wise trade would not be a subsidy 10 our
shin owners. but Il concession to the Amcrl-
can people.
Only the transcontln"ntdl railroads. the
minority members assert, applaud the plan
TO put American and foreign ships on the
same basis and To deny To the vessels Of
this country preferential toll rates. The
bill. report declares Is am abandonment OF
the historic policy Of free commercial In
. tercourse between the states.
New-York tribune., 1912-03-21
STOCK WATERING POSSIBLE
Assembly Lays Aside Bill Sup
posed to Prevent Practice.
lRv Telegraph 70 The Tribune.l

(By Telegraph 70 The Tribune.l
Albany. March 2o.-Opposition TO Senator
Pollock's bill amending the Public Service
Commissions law relative to the powers OF
the commission over reorganization Of COM
panies caused that measure TO be lald
aside when it came UP in the Assembly to-
day.
This bill is supposed 10 meet the situa-
ton arising from the decision Of the Court
OF Appeals in the Third Avenue reorgsni-
zation case that the commissions had no
Jurisdiction over issues of securities The
bin gives them Jurisdiction, but sets up a
standard for the reOrganiZation-that is, 1t
provides that the reorganization securities
shall be Issued only to the fair value OF
the property
The Public Service Commission FOR the lst
District is much opposed to this feature OF
tn. measure Franchises are property. so
under the terms Of this bill franchises
could be capitalized. state Of affairs which
would be equivalent to permitting the issue
NJ mich watered stock. Moreover. II would
hermit the capitalization OF improvements
tor which the city or the state has ex-
pended money. For instance, 10000 con-
tributed Jointly by the state and New York
city is now being expended for the removal
New-York tribune., 1912-03-21
ANTI-BOXlNG BILL PASSED
Assembly Supports Dix, but Sen
ate May Kill Measure.
1p. rol,rrnnh 20 Tho Tribune.


Albany March 2O.-Thc Republicans in
the Assembly stood by Governor DIX 10
dav in passing the bin Of Assemoiymah
Allen repeating the Frawley boxing law oil
last wear, az the Governor urged IN MS an
n,Ial message. The vote was 10 TO 10 the
Rcpublican members voting almost solldIy
fo- II while the Democrats. with few .A-
ceptions opposed 1t.
During the debate the Republican moor
leader. Mr.. Young called on the majority
,o vot, for the bill \. L. Smith, the MI
rurItv leader. and many other Democrats
bitt.rIy oppo4ed II. Dr. Bush, OF Chemung'
s,Id that the state should encourage box
ing when carried on under proper super
vision. az hc believed was provided ol the
present boxing law.
..Thc heroes 81 ancient Greco" ana
Rome" hr said, were developed by the
manly spirit encouraged by boxing ana
otber athletic contests. and tn" same spirit
ought TO bc encouraged to-day
Assemblvman Hcymau, OF Brooklyn, sad
that the Republican party had driven al
m, clean sports out of the state ana de-
cIar,d that II such policy is continued 10y
the majority I'm the Assembly that party
ought to assume the responsibility.
The repeal Of the boxing law however
has little chance OF getting through the
Senate. The measure which was intro
duc,d IN the upper house 10y Senator SAKE
has been buried In the Codes Committee
with no apparent intention Of tn" chaiF
man. Senator Stilwell. to oXhumc II. Should
either the SAKE or Allen bill get before the
Senate. It is more than likely to be forgot
t,r Oh the general orders calendar "h'n
IN, session finally adjourns.
New-York tribune., 1912-03-21
CLARK TAKES THE FLOOR
Asserts Speakers Right to Enter
House Debates.
From Tie Tribune Bureau J

Washington. March 2O-Speaker Champ
Clark. Presidential candidate. who has been
rather backward In expressing his Views on
legislation since he acquired White House
aspirations took part in the debate In the
House to-day, and said he had a notion.
not fully matured." TO revive the old GUS
tom under which Speakers frequently took
the floor and delivered few remarks. Tn"
Speaker asserted that the practice had
fallen into "innoCuous desuctude' Of late.
Il don't see why IN" Speaker has not as
much right to make Speeches As anybody
else II he feels like it," he observed
Mr.. Clark spoke ia support Of bill pro-
y!dlug more liberal homestead laws. re-
ducing the period Of residence required on
a homestead from five to three years. tn"
bin occupied the attention Of the House all
day. and finally went over until next
Wednesday
Recalling Benton's homestead theory Mr.
Clark said he favored any BIZ that would
keep Americans at home and prevent their
emigration TO Canada He did not mention
his Canadian annexation theory. which re-
Gently got him into much trouble.
New-York tribune., 1912-03-21
Will Ask Legislature to Push His
Pet Projects.
NO ACTION LIKELY, HOWEVER
Wingdale Prison, Direct Prima
ries and Conservation To Be
Ignored by Legislature.
nv Telerraph 70 The Trlbune !


Albany, March 2O.-Governor Dix will send
TO the Legislature tomorrow a special
message relative to the abandonment Of
the prison site at Wingdale, DutchesS
County, where a new state prison is being
built The Governor for most OF his term
has been trying to stop the building Of
this prison on the recommendation Of the
Superintendent Of Prisons that the site is
not a proper one for the large state prison,
but might lie utilized in other ways.
Acts To bring this about would have to
be passed The Legislature up to date has
not paid the slightest attention to the Gov
ernors views. There have been confer
ences on the subject, in some Of which
counsel TO the Potsdam Sandstone Com
pany. which has contract to supply some
Of the material for the prison, has taken
part
This message IS to be the first OF Al series
by which the Governor hopes to stir the
LEGISLATURE 10 action on his pet projects
There will be one on direct primaries. ana
probably others on election law amend
ments and conservatism. They Will have
no effect on the Legislature. Each day
brings more proof that the bipartisan
alliance, which was predicted early In the
year. is a hard, cold fact. Tammany ana
the Republican Old guard in both houses
have complete control of the legislative
machinery. and only such measures as have
their approval will pass.
A conference in which Speaker Merritt
and Senator Wagner took part last week
decided that the Governor could send mes
sapes and talk as much as ne liked with
out producing any effect. That meeting
scaled the fate Of any real primary or
election reform this year. Also II decided
that there was TO be no conservation legls-
Iation Of any character until committees
similar TO the Ferris committee, which de-
cided that the state had practically no
water resources worth mentioning, had in
yestigated government ownership and con-
trol of water power and reforestauoh' III
which the lumber dealers and wood pulp
men are vitality interested.
The resolution for the appointment OF a
committee 10 take up this latter subject
was passed by the Senate today despite
rho protests Of Senator Roosevelt, who
said the Conservation Commission had
power to deal with this subject and could
do II more lntelligently, through its eX-
nart advisers. than any Legislative com
mittee. The resolution carried an appro-
priation Of s25, 900 1t had already passed
the Assembly.
New-York tribune., 1912-03-21
DEBT LIMIT BILL DRAWN
Important City Measure Intro.
duced in State Senate.
BY Telegraph 70 The Tribune.

ny ItfSfdDu 70 Inc tribune
Albany, March Ex-senator Travis to-day
introduced bill prescribing the methods
by which shall be determined the amount
OF any Indebtedness incurred by New York
City for a public improvement subsequent
TO January 1, 1910, which may be excluded
from the city's debt limit.
After the constitutional amendment was
adopted permitting the exclusion OF self
sustaining bonds from the city's debt limit
a law was enacted making the amendment
effective by prescribing the method by
which bonds issued prior 10 January !, 1910.
might be excluded. No provision has been
made. however. for making effective the
constitutional amendment as applied 70
bonds issued subsequent TO January !. 1910.
This bill provides that the Controller.
whenever so required will submit TO the
Board Of Estimate statement showing In
! detail debts incurred after January I, 1910.
| for a self-supporting public Improvement
| The Board of Estimate then may apply TO
I the Appellate Division for a determination
/ that the debt shall be excluded Due notice
/ is 10 be given SO any person interested
| might be heard. and the Appellate Division
| shall direct the taking OF evidence by
/ Supreme Court justice sitting in New YORK
! County wlthou; jury. The final decision
/ is 10 be made by the Appellate Division and
! is not appealable.
The bill. however. provides that the Ap-
uellate Division must entertain a subse-
ouent application by the city for rede-
termination. and may grant leave 10 any
| taxpayer or owner Of city bonds or cor
porate stock TO give notice OF an application
| for a subsequent determination.
The Sweet bill. reducing wharfage rates
| on canal and other boats in New York
| Harbor, was defeated in the Assembly to-
day. Opponents of the measure said 1t
would deprive New York City of about
/ $50. .OOO. 900 annually.
I The bill enlarging the powers OF the
| state Banking Superintendent in investigat-
ing the affairs Of suspended financial insti-
! tutions was reported TO the Senate to-day
! in the form it came from the Assembly.
The bin is an outcome OF the decision OF the
/ Court of Appeals In the Grout case.
New-York tribune., 1912-03-21
ORIENT BONDHOLDERS' PLAN
Reorganization Committee Is
sues Deposit Agreement.

The bondholders' reorganization commit
TOO of the Kansas CITY, Mexico & Orient
Railway Company, Of which Lord Monson
is chairman, issued yesterday bondhoid-
crs' deposit agreement as Of March ~
Bondholders depositing their bonds with the
committee will receive certificates OF de-
nosit, which the agreement says "the com
,rittee may cause 70 be listed upon the
.-ou, York and London stock exchanges and
elsewhere"
lord Monson. Frederick Hurdle. =. ID.
,ruckett and the other Englshment who
oar,o over here about fortnight ago to
consult with President Stilwell and others
regarding plans for reorganizing the hah-
sas city, Mexico & Orient, In when they
are largely interested, sailed for nome yes
terday morning on the Lusitania'
New-York tribune., 1912-03-21
HEIR TO FORTUNE DIES
Paralytic, Poor AL His Life,
Meets Death in Good Quarters.

James Nelson Paddock. who, after life
of poverty, was taken to the Monmouth
Memorial Hospital, at Long Branch, last
May a hopeless paralytic, only 10 find, after
he had been carried within its doors, that
he was heir to an annual income Of $4,000.
left by his brother, a rich Syracuse paper
manufacturer. died yesterday. For some
time preceding his death he was uncon-
scious, and the end came quietly,
Up to the time Of the announcement OF
the unexpected legacy, two months ago,
when his eldest son, Simon, borrowed SIS
from Judge Foster Of Monmouth County.
and made d flying trip to Syracuse to con-
firm the report that he had become heir
TO 100000" the father had lived IN COM
narrative ignorance of his brothers financial
standing.
For years he had worked at odd Jobs
around Atlantic Highlands, while the boys,
Simon ana Forest, took whatever work
came their way 70 help out the family 5
income. The father became helpless nearly
a year ago, and was finally taken to the
Monmouth Hospital. where he was received
as a charity patient. At the time the news
OF the legacy came the hospital authorities
were considering having him transferred to
the almshouse, and only the sudden influx
of wealth saved him. As It was, Mr.. PAD
dock. who was sixty eight years Old spent
his last days in suite OF private rooms
with nurses and physicians attending him
Just how the legacy TO the Paddock iani-
IIy will be divided is still a matter OF specu-
Iation. Dispatches from Syracuse say that
Mr.. Paddock reca"cd life income from
one-third OF the estate, and that upon MS
death this share was to 20 10 his children
Forest. Simon, Norman and Marion fau-
dock and Mrs Lillian L. Magee. The other
two-tbirds were left 70 Mrs. Bertha Marsh
wife Of Coroner H =. Marsh, Of os"eso
New-York tribune., 1912-03-21
TO DEFEND CHESAPEAKE
Senate Votes Money for Fortifi.
cations.
Lrrom The Trihnne Rnroan

u.
Washington, March 20-The bill making
appropriations for fortiications and other
works OF defence, the second supply bill TO
be considered by the Senate was passed
to-day with an amendment adding $50 900
for the purchase of 300 acres Of land at
Cape Ecnry as a site for Notifications TO
protect the entrance of Chesapeake Bay.
The addition of this item by the Senate,
which Is in conflict with the plans of the
Democratic House to save at the expense
OF national defence, will. II is expected, be
the occasion for contention when the bill
Is sent to conference. The purchase Of the
Cape Henry site is the first step in the way
OF carrying out the recommendation of the
Taft board made several years ago for the
proper protection of Chesapeake Bay. one
Of the most vulnerable points along the
Atlantic seaboard.
The fortifications bill as reported TO the
Senate carries an appropriation Of $4,1s6 235,
more than 100000 less than the estimates
submitted by the department 1t is prob
able that the item for the Chesapeake de-
fences will be retained, as il is considered
the most important coast defence project
remaining 70 be undertaken, and as the
Virginia Senators will join the Republicans
In supporting it.
New-York tribune., 1912-03-21
GIVE REORGANIZATION PLAN
Allis Chalmers Committees Make
Formal Announcement.

The reorganiZatlOn plan for the AlliS-
rr,ruers Corupanv was formally announced
YESTERDAY and corresponds closely to the
outline published In The Tribune on March
o An assessment Of 20 per cent will u"
rIaccd upon the preferred stock, which Will
realize S3.2lO.OOO. and 10 per cent upon tn"
common stock. producing $l,9s2,0O0 total
NJ 81 10. OOO new working capital Ten per
cont of the respective assessments Is To O"
nail ou deposit OF share certificates, and
"a. rast ON or after October /. on thirty
DAYS notice.
u ie uroposed 10 organize a new corpora
,io, with s2G 900 OoO common and Sl6.50o,-
000 cumulative preferred stock, the pre-
r.rrcd IN bc cumulative > per cent from
January /. 1913, s per cent from January
I 1915. and : per cent from January l.
1oi- Int 10 be- entitled to per cent from
the outset. II earned. If practicable the
povcr 10 elect a majority of the directors is
to me given the preferred stock. hNe-
wear voting trust covering both classes OF
IA. now stock, is To he formed, the five vot-
inc trustees 10 be appointed by the reor-
cauization committee.
or tho new preferred stock Sll,i+S.000 is
,o 90 10 the per cent bondholders ana S"'-
lqe. GOO to stockholders or Underwriters on
payrrent Of assessments, leaving a sur
MIN, Of Sl60.OOO. OF the new common
stock S3.9OI, 500 will be given the per
cont bondholders representing S5 per cent
or their holdings, in consideration Of re-
lease OF lien and fixed charges the old pre-
ferred stock will receive Si4,i45,O0O, or 90
ncr cent of holdings and old common stock
e. o37 OOO. or 80 per cent leaving sur
plus OF $7l6.2OO.
To carry out the plan a receiver will be
asked for, ard. as said in The Tribune yes
terday the preferred and common stock
holders committees which have agreed to
the reorganization plan drafted by the
bondholders' committee will unite with that
body in asking for the appointment as re-
ceiyer Of ID. W. Can, the president OF the
company
New-York tribune., 1912-03-21
LEVY ELECTION LAW AMENDED
Registration Days and Commissioners
Reduced to Two Each.

Albany. March 2O-By a vote of z to lG
the Senate to-day passed the Loomis hi!l
amending the Levy election law. Tho
division was on strict party lines. Senator
Hlnman and Senator Thomas were the only
speakers I'm opposition. and their criticism
was confined To the feature which provides
for registration by affidavit in the rural dis
tricts where the citizen mas not voted az
the previous election. This was inserted
as a substitute for the clause I'm the Levy
law requiring personal registration in rural
districts. which was declared unconstitu-
tional by the Court OF Appeals.
The other more important features are
aimed TO minimize the cost OF elections by
reducing the number of registration days
outside Of cities from four 10 two and
making the maximum number Of election
commissioners for county two instead OF
four as at present
New-York tribune., 1912-03-21

OF grade crossings on the Long Island Rail-
road. Under the Pollock bill this could be
capitalized.
The measure was drawn by the counsel
for the upstate Public Service Commission
10 meet one OF the recommendations Of the
Governors annual message. Its effect on
the situation in New York City evidently
is not considered. 1t is probable the bill
will be amended or killed as many of its
opponents say 1t would be more dangerous
10 the public in its present state than the
existing law without power of supervision
over reorganization Of companies
Senator Pollock is so disturbed by the OPP
position TO his bill and the disclosures Of
dynamite" in IT, that he Is preparing TO
recall it from the Assembly and amend 1t.
lie said tonight that he hoped TO have it
recalled tomorrow, amend IL and have 1t
ready for repassage by the Senate In harm
less form next week
New-York tribune., 1912-03-21
w U. DIVIDEND TO STAY AT
No Increase, Says Vail, Until Plant I'm
movements Are Finished.

Asked about the reports that the dividend
~ tho Western Union Telegraph Company,
NOW per cent year, would be increased
hv the directors at their June meeting
President Theodore y. Vail sad yesterday
thai no consideration would be given to the
srhtect of larger dividends until the work
or building up the company's plant and
svstem had been finished.
The S. 10000 voted by the directors to be
cot aside during this year for repairs and
,,o,ntenance is to be deducted in four
ocuaI instruments while the S,0oJ0Oo to be
set aside for reconstruction and deprecia-
ton reserve will be apportioned III such
amounts each quarter as the directors shall
deem necessary because of existing condI-
tions. The total of these items, $4,000.
president Vail said was not much in excess
of the amount appropriated for the same
purposes in 1911 and included under "opeF-
atlng expense" account.
New-York tribune., 1912-03-21
BRONX COUNTY BILL PASSES
Referendum Measure Is Now Before
Governor Dix for Approval.
IBy Telegraph 20 The Tribune

IBy Telegraph 90 The tribune
Albany. March 2O.-The Sulwell bill erect
ing the county OF The Bronx is now In the
hands OF the Governor. and II is expected
that he will sign 1t. The question OF Great
ing the new county. according TO the BILL
will then be- put TO a referendum vote In
Bronx Borough. With their approval, the
rronositjon will go into immediate effect
The enthusiastic demonstrations by hum
dreds OF Bronxitcs that have been made
here at hearings on the bill this year would
indicate that the people Of the borough VIII
Overwhelmingly support the idea.
The bin was passed by the Assembly to-
dav without a debate. and only six mem
hers were recorded against II. One hundred
and twenty members voted for 1t. Efforts
to erect the county of The Bronx have been
made through legislation here for the last
four or five years.
New-York tribune., 1912-03-21
CAUCUS ON BATTLESHIPS
House Democrats Preparing to
Reverse Their Action.
From The Tribune Bureau. J

Washington. March 2O.-The Democrats
OF the House are making ready TO reverse
their caucus action directing the Commit
tee on Naval Affairs not to authorize two
new battleShips at this session. Chairman
Padgett to-day delegated Representative
Lee, Of Pennsylvania. to circulate a petit
tion asking for another caucus to rescind
the former action. The requisite numtcr
Of signatures was obtained. and the eau
Gus probably will be held on Monday night.
Realizing that they made a mistake in
striking at an adequate navy in order TO
uphold their economy promises, the
Democratic leaders are about to yield to
the advocates OF the two battleship pro-
Eramme