davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1912-12-17
COAL PRICES MAY STAY UP
Court Ruling Not Likely to
Bring a Reduction.

The anthracite decision was construed
In wall Street yesterday as a theoretical
victory for the government, but as a
practical victory for the railroads against
whom the suit was brought. No Official
statement was made here by any Of the
roads. the reason being given that more
time was desired to digest fully the find
ings Of the Supreme Court, particularly
in relation 10 the g. per cent contract
clause. It was stated that the declara-
ton that these contracts were Illegal
would mean that something less than 81
per cent Of the anthracite output, which
has been furnished by the Independents.
and the selling OF which 1as heretofore
been under the control of the alleged coal
trust, will now be left to seek a freer
market.
1t is considered possible, but improb.
able. the Independent hard coal producers
will inaugurate a campaign to reduce the
present price Of coal. II is believed thai
they. as well as the bigger anthracite
producers. will want TO secure the bes.
prices obtainable, which would tend to
cutthroat competition in the near future
The decision leaves undisturbed Read.
ing's control Of S42 700 stock OF tie
Philadelphia & Reading Railway Com
pany. the 100000 stock Of the Philade-
phia Coal ami iron Company. the Sl,gO b.
900 stock of the Reading ron Company
and the $l45O0,O00 stock Of The Central
Railroad Of New Jersey, which in turq
controls $s49l,1 ,1J0 Of the s9,2l2jCo Of the
outstanding stock Of the Lehigh, Wilkes.
Barre Coal Company.
Frederick y. De Berard. secretary OF
the investigating committee which the
Merchants Association appointed last
spring at the time OF The Tnbunes ex-
pose OF the coal situation. said that the
government won a big victory in the ru-
ing OF the court that the 50 per cent con-
tracts were violations OF the Sherman
antitrust law He added:
So far. however. from settling the mat
ter. this decision leaves the whole qles-
ton up IN the air If IL has any effect
whatever on the price Of hard coal u VIII
probably be an upward one. These COM
panles which have been selling 10 the
railroads will now market their own coal
and will try 10 get the highest price tney
can for IT, since their existence now de-
pends upon its sale. At the same tine
there will be no corresponding increase
in the supply, at least not during the
present season.
II is not likely that any increase In the
price will be felt during the winter, but
when the schedule Of reduced rates should
come into effect. in April, it is possible
that there may be a break in the market
Abram I. Elkus, "A member OF the
Merchants Associations committee. said
that so far as the case went il was salts
factory.
+. w. Saward. of THE Coal Trade
Journal" said that 1T is not To be eX-
pected that there will be any appreciate
decline in price. since the natural lmita-
ton Of the supply and the rising cost Of
production render any lasting reduction
impossible"
New-York tribune., 1912-12-17
Nav Come Home on eattIeship.

Unless for personal reasons the MEM
bers Of his family should object, the body
of Mr. Reid will be brought home on
battleship, either British or American II Is
regarded as probable that Great Britain
will offer the services Of an English bat
tleship. that being customary honor III
the case Of an Ambassador and one which
was gratefully accepted from TINS coln-
try when Lord Pauncefote died. II from
any reason, however. Great Britain does
not make the offer this government VIII
send an American battleship To EhsIAhu
for the purpose, as II is desired by the
administration that every possible hoiSr
should be shown the late Ambassador
There was no drawing of party lines at
the Capitol i'm the expression OF regret
over Mr. Reids death or in the expressed
estimates of his ability.
New-York tribune., 1912-12-17
Still Discussing WhiteIaw Red's Death
From The Tribune Bureau.T
Washington, December


The death of the American Ambassador
TO Great Britain continued to be the chief
topic Of discussion in Washington to-day.
and expressions of sorrow were heard on
all sides. The President sent for the
Secretary Of State the first thing this
morning, and after a brief consultation.
put an end to all immediate gossip regard
ing Mr.. Reid's successor at the Court of
st. James's by announcing officially that
he would make no appointment. Mr..
Taft said he would be wholly unwilling
even to consider a successor until Mr..
Reid had been placed in his last resting
place. and as that would probably be at
least three weeks hence it would be late
to choose a successor. Furthermore, he
preferred, as a mark of respect to Mr.
Reid, TO leave the place vacant until a
successor should be named by President
Wilson. To many Of his callers the Presi-
dent expressed his sorrow and his sense
Of loss, giving evidence of a deep per-
sonal regard for the late Ambassador.
New-York tribune., 1912-12-17
NO PRICE DROP, SAY COAL MEN

fBy Telegraph 20 The Tribune.l
Scranton. Penn. Dec l6.-COal company
officials said tonight that the decision Of
the Supreme Court In the anthracite case
would not mean cheaper coal. one man
thought that the result would be "a boost
In price and no comfort TO the public"
New-York tribune., 1912-12-17

We especially ask your help in our
work OF rescuing orphans and home
less children and of giving them the
happiness OF possessing real homes
and the loving care of foster parents.
A Christmas gift of FIFTY DOL
LARS will enable the CHILDREN'S
AID SOCIETY to place a little waif
in a country home and defrays the
cost OF supervision until the child is
firmly established in its new family
circle.
Gifts large or small are welcome
and will be used in accordance with
the wishes of the donors.
Edwin G.. Merrill Treasurer.
lO5 East 22d St. New York City.
william Church Osborn, President.
Charles Loring Brace, Secretary.
New-York tribune., 1912-12-17
THE DAY IN WASHINGTON

made 1t a delight TO receive them. II
would be hard to overestmate the loss
which his death is TO his country. Few
can ever realize how sad a loss IL Is 10
me personally. / had known him since
long before / entered public hfe' ana
through all the years OF our friendship
my respect for his ability and regard for
his character had steadily increased.
New-York tribune., 1912-12-17
BOSTON TO PROBE COAL COST.

Boston, Dec. l6.-An inquiry into the
high price OF anthracite coal In this city
was decided upon to-day by the executive
committee Of the United Improvement AS
sociation. Arrangements for confer
ence between Governor Foss, Attorney
General Swift and special committee OF
the association were made.
New-York tribune., 1912-12-17

sueclal meeting Of the board Of gov
crnors OF the New York Stock Exchange
was held late yesterday afternoon to con-
slider the advisability or making a state
ment covering the points brought out in
the testimony given last week before the
Pujo committee. Nothing was given out
for publication. but IT Is believed that a
statement will be made later, as there
Is a strong feeling I'm the board that
something should be said. and without
undue delay. Those who took this view
declared that the treatment of witnesses
before the committee was unfair, as they
were not permitted to offer explanations
or 20 into detail about methods OF doing
business which could not be. disposed or
by answers TO categorical questions
New-York tribune., 1912-12-17
CHRISTMAS APPEAL

IE c II II ID r f NJ s
AID SOCIETY asks
your help to make a
Merry Christmas for
the children OF the
poor. Hundreds of
orphans and homeless
children find shelter
in Our l. o d & in &
Houses and Tempo
rary Homes. 1000
poor children OF the
tenements attend our
In d Il s trial Schools.
New-York tribune., 1912-12-17
MONEY TRUST HUNTERS
DEFIED BY LEWISOHN
New York Broker Refuses TO
Reveal SyndiCate'S Profits IN
Petroleum Stock Deal.
MAY BE HELD IN CONTEMPT
Two Witnesses Tell Of the Oper'
ations of the Hooking Valley
Pool for James R. Keene
and Others.

Washington. Dec 16.-The Pujo money
trust investigating committee struck a
snar when it resumed its hearings TINS
afternoon, and after a short session IL
adjourned until tomorrow, when 1t hopes
20 find Frederick Lewisohn, of LeWlsohil
Brothers, New York. in more conliilu-
nicative mood than he was to-day
Mr. Lewisohn declined to 80 into the
details Of the syndicate agreements whlch
accompanied the listing on the New YORK
Stock Exchange. In October last. OF loOOVO
shares of the stock Of the California re-
troleum Company. The witness would go
only a certain distance in his eNplahd-
ton Of making a market for Califorhia
Petroleum, and the committee adJourheu
70 think over a course with reference 10
Mr.. Lewisohn's attitude.
Chairman Pujo informed the witness
that he felt the question asked by SaIlue'
IJntermyer, the counsel, must De an
swered tomorrow, unless ans"eIIhs
would personally incriminate Mr. LeWl-
sohn. The latter and his counsel Maruh
Vogel, of New York, were told TO cohlel
and inform the committee tomorrow OF
the decision reached.
Mr.. Lewisohn said after the hearing
that he was disinclined TO disclose 'he
private business affairs of his associates
but II they desired TO give the committee
the information he had no objection lie
indicated that he would again decline 10
answer the question tomorrow. Mr.. IN
termyer may relent, as 1t is understood
ne can obtain the information desired
from other sources.
Mr.. Untermyer took up the CaIliornia
Petroleum operations to show no" he"
stocks may be doomed In wall street anu
q market made for them. He brought OUT
the fact that within thirty days AFTER the
10000 shares Of stock were listed on the
exchange early IN October, three times the
amount Of capital stock was dealt in. The
witness acknowledged that he had given
many buying and selling orders to make
a market"
New-York tribune., 1912-12-17
Refuses to Answer.

VIII you furnls the committee
ptatemont Of your srations in this
stock in the stock market when, during
October. with 105.779 shares listed. 1920
shares were traded in. and with state
ment OF the syndicate's profit on the sale
of the stock?" asked Mr. Untermyer.
II will not furnish statement OF the
profit" said Mr.. Lewisohn.
do you refuse to furnish it?' asked
New-York tribune., 1912-12-17
Barred from the Exchange.


Mr.. Kendall identified a list Of stock
holders in the American Bank Note Com
pany who are also members Of the New
York Stock Exchange. lie said he had
been told by J. p Morgan that he. Mr..
Morgan. was a stockholder in the Ameri-
can company. lie told how the late Rus
sell Sage had warned him that unless he
allowed the American company to absorb
the New York company the latter Wonid
be barred from the exchange.
II refused" he said, "and ten days later
we were barred from the exchange"
Edward Pepper, OF the firm Of Pepper
e. Steinbach, that conducted the opera
tions OF the Hooking Valley pool In 1903
10 took the stand. lie said he engineered
the deal for James r. Keene. Through
out the pools operations, Mr.. Pepper salu'
he bought $500 shares Of Hooking ana
sold &C. 800. lie received 1920 certificates
and delivered 1890 certificates. He said
his company's orders were carried out py
twenty-five different brokers.
The first purchase was made In March,
1909 at q and the last sale in December
1900 at S9st. When the stock began 10
break, Mr.. Pepper said, he sold short 4'doJ
shares, which he delivered out Of T65l
which he had on hand for Mr.. keene'
He sold that stock all the way, from 50
down to q. The witness said he sold 10
protect himself from Mr.. Keene. VINO
owed him a considerable sum.
Hugh f Crisis of the brokers' firm
Of Roberts, Hall e. Criss, described his
operations on the floor for Lathrop, Has
kins & Co, members Of the Hooking pool
and placed in the record an account OF
his sales and purchases of Hooking during
the pool operations.
New-York tribune., 1912-12-17
Won't Tell the Profits.

Mr. Iewisohn said there were three
firms in the syndicate which handled the
launching of the stock. In addition 10
his own firm, Solomon & Co. ana Hall
garten & Co. aided I'm conducting the syn
dictate. and there were two sub-syndl-
Gates Mr.. Untermyer's questions regard
ing the profits of the syndicate, estimated
at N,OO0Oo0 cash and $5,OO0O00 in common
stock, displeased Mr.. Lewisohn, and ne
declined 10 tell the supposed protts
While Mr.. Lewisohn's action does not
vet constitute contempt OF the authority
Of the committee, more serious compllca-
tions may follow If he persists in his re-
fusal to answer questions put by the COM
nittee or its counsel. In this event. the
committee will have the right to ask that
Mr. Lewsohn be brought before the bar
OF the House for contempt
The chief disputed question was asked
after Mr.. Untermyer had led Mr.. Levi
sohn through a long discussion of the op-
erations which preceded the listing of the
California Petroleum stock on the eX-
change in October. Mr. Lewisohn said
the three firms had formed a syndicate to
handle the sl25O0,OOO preferred and $1,000
600 common stock issued by the California
company. lie traced the stock through
two subsequent syndicates with which he
was connected. oy the idsJ OG which the
stock was opened to purchasing investors
The stock was listed on the New York
etock Exchange on October g. and Mr..
Lewisohn said he conducted market op-
erations in the stock, which rose during
the next month from So to around 20.
Two Of the syndicates. Mr.. Lewisohn
asserted, sold 100000 worth OF the com
mon stock and $5OOO,OOO worth of the
preferred, at 10 and 81. respectively. This
was out OF $10.ooO0OO of preferred and an
smount Of common which Mr.. Bewisohn
did not remember. but which Mr. Inter
myer suggested was 100000 worth sold
10 the original syndicate.
Mr.. Untermyer tried TO bring out that
the remaining S5,Oo0OO0 worth OF common
went to the syndicate as profit Mr..
iewisohn said he could not remember
the figures
New-York tribune., 1912-12-17
Thwarted Roads Construction

The Justice then took up the Temple
Iron Company feature Of the case. lie
detailed how Independent operators IN
tho wyoming region of Pennsylvania
obout 1898 pledged their tonnage 20
ncw road 10 tldewater and how the
New York. wyoming & Western Ran
road Company was projected III Soou
faith" on the strength of these pledges.
Tho eight coIlieries of the Simpson
Watkins firm were described as power
ful factors in this project. He de-
scribed how. through the aid of j. J..
Morgan & Co, the Temple Iron Com
many was bought. converted into
holding company, its obligations guar
anteed by the six roads In proportion
IN their annual coal tonnage carried,
and finally. how the Temple purchased
the property Of the Simpson & Watkins
firm. The withdrawal of the support
OF this firm from the proposed railroad
WAS held To have thwarted the roads
construction. Justice Lurton continued:
True, not all the railroads reached the
new collierics. but the preservation or the
monopoly OF transportation from the
mines to tidewater held by the six lines
which were serving the region was p!alh-
Iv a common interest. The extent or the
interest Of each In the desired result
seems to have been estimated by them
selves as fairly measured by the per-
centage Of total tonnage heretofore car
rled annually cy H.
The court dealt with the argument
that no injunction should be issued
against the Temple company because
the alleged strangulation of the pro-
iected road was a thing Of the past,
saying:
The evil is i'm the combination. So long
| as the defendants are able TO exercise the
| power thus Illegally acquired IL may be
most efficiently eXerted FOR the continued
! and further suppression OF competition.
| Through ii the defendants. I'm combina-
| ton may absorb the remaining output OF
| Independent producers.
Without il the several groups OF coal
carving and coal-producing companies
have the power and motive to compete.
That each may for itself advance the
price of coal or cut down the production
is true. But In the power which each
group would have to compete would be
found a corrective The statute forbids
the concerted action which has already
brought about the strangling OF a pro-
jected competing railroad and the COM
plete control Of the sale of an immense
tonnage of independent coal, which had
prior thereto not only been menace to
their collective control of the means OF
transportation to New York Harbor
points, but a large competing factor In
sales at these points. The Temple COM
pany. therefore. affords powerful agency
by means OF which the unlawful purpose
which induced the acquisition may be
continued beyond the mere operation OF
the Simpson and Watkins collieries.
Justice Lurton especially called at
tention to the fact that the railroad
presidents were members of the Tenn
pies board OF directors and said that
Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1912-12-07

wide enough TO cover the possible ne
cessity Of dealing with special alws
by the application Of special laws
In this connection the Chief Executive
expressed the utmost goodwill Of this
nation for her sister republic, stating
that the present policy Of the United
States to promote prosperity and
good feeling among the smaller indie.
tendencies would be adhered TO-
IN developing the department OF
state abroad, the President said, no
more important step had been made
than the establishment Of the merit
system. He closed his recommends
ton on this subject by adjuring Con.
gress to enact legislation making Il
permanent The larger provision for
the maintenance of foreign embassies
was also asked for. Particularly was
he in favor of the provision of funds
for the establishment OF permanent
quarters for U. s. ministers abroad
In commenting on this subject he
stated that 1t was indeed high time
that the dignity and power OF this
great nation be fittingly signalized by
proper buildings for the occupancy OF
the nations representative every
where abroad"
The President touched upon the
Mexican policy followed by the Unit
ed States In the recent difficulties
,..I.soh ~, aauttn,,e.t sstato NJ tiureat In
that nation cngendered. lie charac
terized the action of the United
States in these crises as 'one OF pa
dent non.intervention and steadfast
recognition of constituted authority =
ending his reference to Mexico with
the hope that the Mexican nation
would soon resume the path of order,
prosperity and progress"
Among other matters referred TO IN
the message was the investigation OF
agricultural credits by the State De
partment This he termed as one OF
the most important works undertaken
by the government.
He also referred TO the fur seal
treaty and the need for an amend
ment to- the present statue; the peace
treaties with England and France
which were lost through the refusal
of Senate ratification and the de
spatch OF American warships to Con
stantinople The English and French
peace treaties President Tilt dismis'
sed with a remark expressing his re-
greet over the action of the Senate ana
the Balkan situation he regarded as
one which was well in the hands OF
the powers as far as the protection OF
citizens of other republics we're con-
cerned
Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1912-12-07
PRESIDENT SENDS
HIS MESSAGE TO
CONGRESS TODAY
Following His Custom He Con-
fines His Communication At
This Time to the One Sub
ject.
PEACE, HARMONY AND
FRIENDSHIP" PREVAIL

Trade Relations With Foreign
Governments Show That
Their Scope Should BE Broad
ened--Nations No Longer Ac-
cord Equal Treatment to 9th
er Nations Irrespective of
Treatment On Tariff--Rela-
tions Between This Country
and South American Repub-
lies Taken Up.
Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1912-12-07
Final Settlement Of North Atlantic
Fisheries Dispute.

On the goth Of July last an agree
ment was concluded between the Unit
ed States and Great Britain adopting,
with certain notifications, the rules
and method Of procedure recommend
ed in the award rendered by the
North Atlantic Coast Fisheries Arbi-
tration Tribunal on September 7, 1910,
for the settlement hereafter, ia ac-
cordance with the principles laid
down in the award, OF questions arts
ing with reference to the exercise OF
the American fishing liberties under
Article | of the treaty of October 20,
1878, between the United States and
Great Britain. This agreement re-
ceiyed the approval of the Senate on
August l and was formally ratified by
the two Governments on November Is
last. The rules and method of pro-
cedure embodied in the award pro
vided for determining by an impartial
tribunal the reasonableness of any
The evening world., 1912-09-03
AHEARN PICNlcKER browns.
Unidentified Man Falls Into East
River on Return From Outing,

The body of an unidentified man was
found by the crew OF New Haven and
Hartford Railroad tug OFF Jefferson
street. East River. early to-day. BY a
badge OF the John +, Ahearn Assocla-
ton on his coat It is expected to iden-
t!fy him. lie was about fifty years old
had gray hair and mustache and wore
a dark suit and blue shirt.
Tho Ahearn Association went TO Wit
zel's Point yesterday for an outing. and
on returning last night at O'clock a
man fell Into the river In the scramble
ashore. A rope was thrown overheard.
but he had probably struck something
and did not come TO the surface. No
body seemed to know who he was. and
TIE Harbor Squad police had given up
the search for his body when II was
found shortly after daylight by the tug.
The evening world., 1912-09-03
GET A DRINKING CUP FREE,

Do not break the law. You will II
you use . public drinking cup. In the
Sunday World next Sunday will be Q
coupon which can DO exchanged for
your choice Of q oollapsible aluminium
drinking cup with cover or an oiled
paper sanitary drinking cup in case.
They will be given away free.
The evening world., 1912-09-03

All lost or found articles ad-
yertised in The World will be
listed ct Tho Worlds IufOrms-
sisn Bureau. Pulitzer building
Arcade, Park ROws Worlds
Uptown office. northwest cor
nsr 8sth st. and Broadwayt
Worlds Harlem Office. 30
West 125th ST.. and Worid's
Brooklyn Office, 2O2 Washing
ton st., Brooklyn, for 40 days
following the printing Of the
advertisement.
The evening world., 1912-09-03

GOODS ONLY. We CLEANED up July and August
The
coor designs effects offered these reductions large
find anywhere regular prices.
The NORMAL which this would sell TIL
had been the ordinary