davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-22
MONEY AND BUSINESS.

The stock market Is neither sick nor
we'll II is in an uncertain state and
NAV show improvement Or decline at
any period of a days trading. II Is
questionable why more definite trend
Is not in evidence, but the sensitive
ness OF stock market IL largely its
fascination, and its doubtful position
offers an opportunity for analysis by
students Of market movements. Moth
ing has developed during the week
just ended 10 affect detrimcntally the
sound underlying conditions which are
usually necessary t. stimulate invest
ment buying: on the contrary, the
week has been full Of good reports
from all branches OF commerce, in
dustry and agriculture In this country.
Canada and In several foreign coun-
tries.
The prospect of good crops in the
United States Is rejected in the prices
Of wheat and other cereals, which
have declined. The reports from the
Northwest have been particularly en-
couragInI. and within a few DAYS tine
danger point will be passed as re-
CARDS possible harm from weather in
Cluenccs. As this country Is dependent
for. prosperity very considerably on
good crops. such prospects remove
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-22
SUBMARINES AND AIRSHIPS.

The prOverbial duel between the
tiger and the shark-Or is it The ele-
plant and the whale:-is apparently
not 10 find an analogy. or al any rate
not more than half Of one. in warfare
between the two latest triumphS Of
inventive genius So much was indi
Gated at Spithead the other day in the
review Of the British feet and the
evolutions and mimic warfare in
which some elements Of il engaged
For the first time in any large gath
ering Of war craft submarine boats
and airships were employed together
and the efficacy OF each was made
the subject Of experiment. The result
seems TO be q demonstration Of the
superiority of the later OF the two
devices.
Hitherto two Of the strong features
of the submarine boat have been its
invisibility 10 and It's invulnerability
10 attack from the battleshlpS of the
enemy. Submerged ever so little, it
cannot be seen until it gets close TO
the vessel which it Is attacking. and
II is secure against cannon shot OF any
missiles except torpedoes. To an aerial
observer cruising overhead. however,
il is clearly visible. and its course may
be watched and reported by signals or
by wireless telegraphy to the vessels
! against which its attack Is directed.
It may also be effectively bombarded
by dropping missiles upon il from di-
rectly above, and the greater speed Of
the aeroplane Of course makes it posi-
bic for the latter to take such position
at will. Indeed. the aeroplane may ap-
parently hover with impunity only n
short distance above the submerged
| boat. since IL seems, at least at pres
ent. impossible for the submarine to
take the offensive against il. The
fish hawk may strike the fish. but the
fish cannot retaliate upon the hawk.
The demonstration Of these facts will
not. however. by any means put all
submarine vessels out of commission.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-22
A CANDIDATES GOLF.

From friendly source the world
learns that there is nothing In Gov
ernor Wilson's golf TO prevent his max
ing good President Of the United
States. In fact. it is plain that his
admirers think he plays golf like
statesman who should be ruler Of Il
great nation. In the first place, he
does not play too well. No public man
should play too well. We never e1-
pect to see the day when player
whose handicap consists Of less than
two figures may aspire to high office
Governor Wilson's handicap Is Is.
This shows that he has always kept
golf in It's place as q diversion. a means
of healthy recreation. and never al
lowed il to become an overmasterinS
passion. A man who is master of him.
self amid the temptations Of golf Is
greater than he that taketh city.
And Governor Wilson proves that he
has that self-mastery in other ways
than by never making hole in as few
rs four strokes. Thus, in the game
Wherein he passed the candidates test
in golf he was confronted by that IA
miliar trial, the ball In cuppy lie.
The Governor smote. gashing it vi
ciously. hut otherwise not disturbing
It. 1t was a crucial moment. On
the one hand stood the church vote
waiting to hear what expression the
mishap would wiring from the golfers
soul. On the other the worldly vote
cooked its ear to catch something warm
and human. The Governor exploded:
psychological A cool philosopher,
his chill vocabulary does not desert
him even on the links. After reading
his expletive 1t is supcrfuous to he told
that he often plays alone from unwill-
ingneSs to lose time seeking a partner.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-22
TWAS THE COINS THAT DID IT.

To the Editor OF The Tribune.
Sir: Without claiming any credit, az |
was merely given that clearness OF vision
that comes from long meditation under
the quiet stars a: night, | foretold here
I'm .The Houston Post several months
ago that Mr.. Roosevelt could not succeed,
because he had offended against the
Highest Power by his action In taking
in God We TrNst" from our coins and
by his arrogance.
In defeating Mr.. Roosevelt Mr.. TAFT
has acquired, in addition TO his own
strength, the strength that was once MI.
Roosevelt's. This is not merely the super
stition OF savages, but IL is an absolute
truth, demonstrated by tho history or
all great nations. Thus when Sulia de-
feated Marius, he took over to himseif
the power OF Marius; when Caesar de-
feated Pompey. the power that once was
Pompey's became his own. so well Is
this principle known among leaders OF
good Judgment that they are careful
about making an issue unless they fee'
that they can succeed.
SCUDDAY RICHARDSON.
Blue-Domed House Of the Nine Pines
near Houston, Tex, July l6, 1919.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-22
THE TALK OF THE DAY.

The everyday scene in the financial dis
trict OF messenger boys lined up OF the
curb and alongside OF buildings reading
dime novels as they await their turn has
vanished. Instead Of the book with the
thrilling illustration OIL the cover aid its
pages full OF bloodcurdllng acts they have
taken TO reading the daily newspapers.
A broker who had just returned from
his vacation was amazed at seeing the
change, and. 10 satisfy his curiosity.
stepped UP to one who had his head
practically obscured among the pages OF
a newspaper What brought on the
substituting Of the newspaper for your
novel;" he asked tapping the youngster
on the shoulder. Has the company is-
sued n new rule?' The lad placed his
finger on the place whore he was reading
and. looking up at the intruder. smiled.
The company hasn't said anything. We
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-22
NOT SHOCKING"

IL is easy and fitting 20 sympathize
with much Of the spirit and intent OF
The recent and much exploited ad-
dress Of Mr.. Manuel Ugarte. of Ar
Gentina. at Columbia University, on
The relations between Latin America
and The United States. We have fire.
qucntly deprecated anything which
would even remotely SAVIOR Of q con
lemptuOus or Il patrOniZing attitude
toward those nations and even more
earnestly anything which would re-
Scmble or suggest Bullying or opprcs-
sion Of them; our depreciation being
directed against irresponsible private
expressions rather than authoritative
official words or acts. the latter being
~ rule irTeproachable. In his de-
mand. therefore that Latin American
countries shall he treated with cOur-
IeSy and respect. as peers among the
nations, we are at one with Mr.
Ugarte. and so, we believe, are all
thoughtful Americans.
From MIR. U2arte's imprisoned de-
ANNEXATION Of some OF the acts aud
policies Of this country. however. reso-
lute dissent must he made. Note for
example, his strange Outburst against
the proposed rehabilitation OF Nicara-
guam finances under the moral coun-
tenspce aud advice of this country,
which be depOunces rs 1.-THE most
"mOnstrous and shocking negotiation
THAT has been attempted in the
world" Against this we may quote
the Nicaraguan Consul General at San
Francisco. who testifies that nothing
in the conditions Of the loan can I've
considered either monstrous or shock
ing. but that OH the contrary the ac-
ton of this country has helped the
Central American country out OF its
financial struggles. has opened the way
for restoration Of its credit abroad,
and has saved the republic from ruin;
and he adds the apt reminder that
while the treaty preliminary TO the
loan was some time ago agreed to by
the Nicaraguan Legislature, 1t has not
vet been ratified by the American Sen
ate. suggesting that Nicaragua is much
more eager for the proposed arrange
ment than Is the United States.
In this there can be no doubt that
Mr.. Vivas. Of Nicaragua. Is right, and
that Mr.. Ugarte, OF Argentina, is In
error. The proposed arrangement with
,''-.@ao oiia is similar 20 that which has
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-22
CHINA'S DILEMMA.

Lorenzo BOWS epiGram on predesti-
nation seems to fit the Chinese Situa-
tion AK depicted by our correspondent
at Peking: or rather as he reports the
Chinese themselves to view It. 4 large
sum Of money is needed by the Chinese
government Immediately. II China
borrows ii from the powers, on the rea =
sonable conditions which they pre-
scribe. there will be Il domestic revolt
which may overturn the government
II. on the other hand, she refuses the
conditions proposed and does not take
the loan which the powers offer. they
will be angered and China will lose
their good will, which Is essential TO
her welfare. That is the Chinese view
Of the dilemma. and il II were entirely
correct il would certainly be disquet
ing.
We must be permitted. however. to
question its entire correctness. 1t may
he that the borrowing Of the sum need
cd. on the 'nly terms on which IL could
thus be secured abroad. would canse
more or less formidable uprising
against what might quite unroasonably
and untruly be regarded as undue for
eign control over Chinese affairs. Prob
ably the Chinese themselves are the
best judges OF that. But that Il re-
fusal Of the loan would rouse the Sc
rious enmity OF the powers against
China is not 10 be believed. Perhaps
there would be some little annoyance
AT such futile outcome Of long and
costly negotiations, but surely no power
assumes a right to impose a loan upon
China against her will. and none could
be at loss 10 find other uses for its
money as profitable as Chinese loan
would be-
What the powers are chiefly con
cerned about Is the stability and pros
perity Of 'the Chinese government. IT
has been stated over and over again
that unless large sum Of money IL
promptly provided China will be In
danger Of domestic disturbances seri-
Ously imperiiling the integrity Of the
republic Itself. The powers certainly
dcprecate any such outlook AZ that, for
the sake of China herself as well as
on account OF their own very great in
terests In that country. 1t was only
few years ago that they were COM
PEELED. FOR China'S sake and their own,
10 intervene forcibly In Chinese az
fairs. They would be most reluctant
to do so again. But II. through China's
perversity or otherwise the necessity
were forced upon them, the result
might easily be far less agreeable to
China than the acceptance Of the terms
proposed for loan which. according
TO the Chinese themselves, would avert
danger Of such a crisis.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-22
NOTES FROM NEWPORT.
tBy Telegraph to The Tribune.


Newport, July q. - There was the
usual number OF Sunday entertainments
to-day. Mrs. Reginald Norman, as
welcome home for Mr.. and Mrs. Sidney J.
Colford, jr., who recently returned from
Europe, gave large luncheon at Black
Point Farm, and Mr.. and Mrs. Colford
are planning a dance for some date In
August OF Clarendon Court. the home OF
Mrs. Colfords father, Edward c. Knight.
Mrs. Stuyvesant Fish had forty guests
at luncheon at the Crossways.
General j. Fred Pierson gave lunch
con at the GoOseberry Island Fishing
Club, and Mrs Craig Biddle was lunch
con hostess also
Tonight the dinner entertainers were
Mrs Percy Rockefeller. Mrs. William n.
Vanderbilt, jr.. and Mrs. Elisha Dyer.
The members Of the Newport Clam
bake Club are planning clambake for
the members OF the STATS Of the German
and Russian embassies.
Registered at the Casino to-day were
James ". Barney. of New York guest
at the Muenchinger King; Sidney w.
Fish, OF New York, guest Of his parents,
Mr.. and Mrs. Stuyvesant Fish; j: NJ
Waterbury. jr.. of New York, Visitins
Eugene S. Reynald; r. G. Berrien ana
Everett Capehart, L. $. n; Frederick
Hale and A. II. Barney, of New YORK.
guests OF j. Norman de X. Whitehouse'
Frederick II. Prince and Frederick III.
Prince, ST.. C. f. Riggs, L. 5. N; Captain
Edgar Won Schroeder and Captain C.
Plazam. OF the CHILEAN navy, guests al
the New Cliffs.
Princess Parlaghy, who has been az
the New Gins for few days WINE
working on a portrait OF August Der
mont. returned TO New York this even
ing. She sails for Europe on Wednes-
dav. but has decided TO spend the sum-
mer here next year.
Count and Countess Moltke have ended
their two weeks visit with Mrs. Ma
thaniel Thayer and have returned 70
New York.
Commodore and Mrs. c. Ledyard blair'
who arrived early to-day on the nagship
Diana. OF the New York Yacht Ciuo'
have as their guests James s. Barnes,
H. w. Perrin, X. J.. Ames, George l..
Wrenn and II. NJ. Alexander. All reg
istered at the Golf Club during the Day
Charles W. Hardness, with his guests
W. d. Vanderpoo and Frederick Thomas
OF New York, aboard the steam yacht
Agawa, and Mrs. c. II. Danforth ana
James Marshall also registered at the
club
Mfr and Mrs. Robert sedgwlck and sons
are TO spend a part Of August at Ear
Harbor.
Colonel Charles Hayden has hnisneo
his visit here and returned 10 Boston
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-22

nor stop the building of them. There
win be times. in fogs and III ii2h'.
when they will he screened from.aeriai
attack and will De able to do effective
work. Moreover. there will doubtless
he an increase Of inventive activity III
the direction Of overcoming these
weaknesses Of the submarine boat. ana
Of either protecting ii against us
aerial foe or enabling 1t TO strike
back effectively. As for the bulk OF
the navy. upon the surface OF the
water il will hencefOrth he compelled
TO redOuble its vigilance and its means
Of defence and aggression in order to
deal not merely with foes Ike itself
upon the face Of the waters. but also
with those which lurk beneath ana
those which soar above the waves.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-22

mart Of the apprehension when mas
existed with regard TO our recoVerihs
bu.inoss energy. Another good sign
=, tho times is the absorption OF ldle
labor TO ouch an extent that III t"e
;,or and steel districts and TRACES
there is n reported deficiency ana oe-
,iveries OF steel and iron products III
consequence have been ana VIII oe
da,a,,sd s,me of the equipment or
do-, ha,.a gone TO Canadian mills De-
cause American manufacturers couiu
not take the contracts. Inc orue''
for steel products continue 70 increase
notwithstanding this labor hanoi-
cap. In the various trades there Is d
reported bctterment. Boots and shoes'
fancy drygoods, cottons "ooiiehs'
dress goods and all lines OF mercnah-
disc. II is said, have shown decided
Improvement during the last te" days
In the field of finance there IS
much better tone reflected as whole
The bank exchanges in all the iead"hs
cities NJ the United States, as reported
TO the commercial agencies agsres"'e
81 SO3, O56. 6SJ, an increase OF per
cent as compared with the correspond
ing period in 1911, and Of 1O.S per
cent. compared with the corresponding
week Of 1910 New York CITY gam
was - per cent over l0ll and lo.i
per cent over 1910. Earnings OF all
the railroads for the first week In July
show an increase OF S198 over those OF
1911. which Is not sufficiently large 70
figure a percentage, but simply re-
cords q gain.
In the foreign countries the feature
OF the week has been the decline In
British consols. Several reasons nave
been advanced to account for THIS de-
cline. and there has been an attempt
TO fasten the responsibility on the Luz
ropean political situation. Such a rea-
son does not seem logical. as the stabil-
ity of the Fundamental value OF these
consolidated obligations Will hardly be
questioned. The more probable cause
appears TO be the demand for securi-
ties having a higher yield, and the
process OF adjustment to meet such
Yield requirements seems 10 be in eVi-
dence. The foreign market is clogged
with undlgested securities; many OF
these are attractive in point Of yield
and element u safety. Again. there
has been some forced liquidation OF
consoIs by bankers. so II IS not strange
that there has been decided decline
even 10 the point OF touching the low
cs; quotation since 1896. The state
ment Of the Bank Of England for the
week reflects a condition OF demand In
its FRANCES, but it's percentage OF re-
serve 10 liabilities IS SOS. compared
with ;O23 per cent last week and
J2G.3S per cent ycar ago. The weeks
statement OF the Bank OF France.
while not dIscouraging. does not eX-
hibit a specially strong position. The
return Of the imperial Bank OF Ger
many presented a further betterment
in gold reserves and other evidences
Of strengthened position.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-22
THE CAMPAIGN.
of The Tribune.

To the Editor OF The Tribune.
Sir: In your editorial of this morning,
NO Compromise you wax eloquent In
defending Mr.. Tafts determination not
10 win the election through deals or sub
terfuges," and characterize this stand
ing as "a logical and honorable attitude
since there can be no compromise on a
question Of common honesty" Is this
not a travcsty on morals when you could
not lind one word OF defence while the
work OF the bosses was going on In Chi
cago?
Mr.. Taft accepted the direct primaries
and went before the people. was decisive
" beaten, and yet had 10 scruples In ac-
cepting q nomination that was not in
dorsed by the real Republican states. II
will not do TO criticise the primaries since
Mr.. Taft was willing to abide by their
result II will not do to philosophize upon
the qualifications OF Mr.. Roosevelt after
the country has spoken. The time to an
tagonize him was before. and a decent
regard for the right of the people to rule
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-22

for some years been in effect in San;o
Domingo with the happiest Of results;
only it is or would he even more adj
vantageOus and beneficent to Nicara-
qua and more free from even the suS-
pici0n Of Interior designs against the
integrity and independence of that
country. Instead Of being "monstrous
and shocking it is, in fact. a demon
stration that this country under PreSi'
dent Tafts administration has main
tanned toward Latin America the very
attitude of benevolent and respectful
friendship which Mr.. Ugarte inyokes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-22
FOREST CONSERVATION.

In accordance with the requirement
that it investigate phases OF forestry
of value to all the people Of the state
the new state College Of Forestry at
Syracuse University is taking an III
ventory OF New YOrks forest lands,
Although New York no longer ranks
as one OF the big lumber producing
states. it is not without resources III
its forests. Dean Baker of the college
of Forestry believes that Scientlhc
management would make them vastly
greater and an important benefit. Sta
tistics compiled 10y the Conservation
Commission show that only about one
quarter Of the wood and lumber used
in New York is produced here. Dean
Baker maintains that enough could be
produced to supply the states manu-
featuring and building needs, thereby
retaining among its citizens several
millions of dollars now sent elsewhere
In addition. he estimates that scien-
fife handling of the states lowest ter
ritory and an economic use OF the lum-
Der thus produced would leave large
margin for export to other states.
Undoubtedly scientific forestry would
accomplish much. Replanting is en-
tirely feasible on vast tracts OF timber
land now almost denuded. Scientific
management Of forest tracts not so far
gone can produce q good income, as
;,. ha n
rondacks can testify. There is one
tract in particular from which an at
tractive annual income is derived. al
though none Of the hard Wood has ever
been touched by the axe and only
soft woods of q certain size are cut as
they mature year by year. With lum-
bercd parts replanted as cut over, this
tract is steadily increasing in value.
The trouble is Ia bring most of the
states lumbermen TO see the value Of
scientific forestry.
That was demonstrated in the fight
they made when the Conservation
commission tried 10 pass bills restrict
az numbering. under the Commission s
rders. They regarded any such at
mpt to conserve the forests as di-
t invasion Of their property rights.
even though some of them admitted
'ttat & might he q good thing in the
end 10 he cure. not all Of them have
the rUpital necessary for that kind Of
business. an would rather skin the
]'nl and >o' the denuded tract for
rife rha %rate itself is not in much
!citcI "Gs" han some Of its lumber
iIen. Under the extremely cautious
rhraSin% of the constitutional clause
designed to protect the forest preserve
cannot utilize its own ripe timber
Ii is prevented from making legitl-
mate profit from the cutting and sale
Of timber thu removal of which would
actually benefit the forest park. When
the state deems il safe and wise To
adopt scientific forestry on its own
lands there may he an all-convincing
demonstration OF it's advantages.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-22
WHAT EToN BOYS READ.

From The London Daily Mail.
Mr.. Burcher. who has been In oharSe VI
the school library at Elton for twenty-n'n'
wears. and who is now retiring. says V~'
the present Etonians read Mr.. Ruo!"'
Killings books more than any otAer az
,hors Each boy is allowed TO select "''
navel a week. and Mr.. Kipllngs books are
alwa,s In great request.
Tho works OF Dickens, Sir Arthur C'"S,
DOYLE. George Eliot, Charlotte Bron'e a"1
Sir walter Scott are all read By the DOG"
Charles Kingsley used TO be, but he u ~
dom asked for now. The boys are very i'HS
OF books on sport and history.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-07-22
At SOUTHAMPTON.
[By Telegraph 10 The Tribune.

BY leleSEdpI 10 LUG ii'S"'''''
Southampton. Long Island. July 2.-lhe
event Of most interest TO society tn's
week Is the annual exhibition OF the
Southampton Horticultural Society on the
Art Museum grounds on Wednesday AND
Thursday Many Of the women OF the
cottage colony will be competitors IN tire
luncheon and dinner table competition
and other classes OF the exhibit.
Tho advisory committee. with Samuel
L. Parrish as chairman. includes the fol-
lowing: Mrs Thomas II. Barber, Mrs
Albert =. Boardman, Mrs. Thomas G'
Caldwell. Mrs. f.. Tiffany Dyer. Mrs.
w. Morton Grinnell. Mrs. Russell II.
Hoadley, Mrs. Alvin W. krech. Mrs
William Manlce. Mrs. Horace Russell
Mrs. Frederick 4. Snow, Mrs. James l..
Breeze. Mrs. G. Warrington curtis. Mrs.
Charles c.. Franklyn. Mrs. Chester Gris-
void. Mrs Edward W. Humphreys. Mrs.
leila DE Mllhau, Mrs. Henry X. Porter.
Mr.. Robert NJ Thompson. Mrs. Henry u.
Trevor and Mrs. Peter 3. Wyckoff
Mrs. Goodhuc Livingston was lunch
con entertainer this afternoon to num-
Der OF visitors from town. Goodhue Liv-
lngstou. ir will entertain several college
Young men tomorrow evening in the Liv-
ingston cottage.
Mr.. and Mrs. L. Dupont Irving, who
have been summering here, left South
ampton on Friday for New York. where
Mr.. Irving will have an operation per-
formed for appendicitis.
Mrs. J. Palmer Knapp will go TO town
tomorrow for few days.
Mr.. and Mrs. George Baty Blake are
being entertained AT southampton by Mr..
and Mrs. J. Scarle Barclay. IT., who are
spending the summer here.
Weekend quests Of the Meadow Club
include Gallatin Pell. Delaney Nicoll,
,r II. C. ST. George, Mr. and Mrs. John
NJ Rutherford Mrs. Walter Pell. Mr.