davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11
WOULD MAKE RAILWAYS LIABLE
Clapp Bill of Lading Measure Favor
ably Reported to Senate.

Washington, May l0.-Thc Interstate
Commerce Committee reported favorably TO
the Senate to-day the Clapp dill of ladinG"
measure. establishing a rule Of evidence az
TO greater liability OF railroads. Senator
Townsend gave notice that he would file Il
minority report, while Senator Pomerene
announced he would press his substitute
bill. which Is a code OF laws OH bills Of
lading
Under the measure reported every rail-
road or other common carrier engaged in
interstate or foreign commerce would be
liable on bills Of lading issued by its au-
thorlzed agents. Notwithstanding the agents
had not received the goods. At present the
railroads are not liable under such circum-
stances. and bankers and consgnees com
Main that they are defrauded out Of money
advanced on the strength Of the bills Of
lading.
Advocates OF the Clapp bill urged that no
question would be raised as to its consttu-
tionallty. while they feared that consdera-
ton might defeat the code OF laws set forth
IN the Ponerene bill. which is the uniform
hill OF iading" measure adopted by NUM-
her of states and pressed in others
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11
URGES NEW PATENT LAWS.
President Wants Board to lnveS-
tigate and Report on Changes.
TO END UNJUST MONOPOLY
Question of Giving Inventors Le-
ultimate Protection or Sitting
Improvement and Progress.

Washington. May l0-Presidcnt Taft to-
day took decided step toward revision
Of the patent laws, which have remained
practically unchanged since 1870. He sent
special message TO Congress asking for
legislation to authorize him to appoint a
commission TO investigate the patent laws
and report what changes were necessary
to make them At modern conditions.
The President gave several reasons 70
show the need for change. lie referred
10 the recent patent monopoly decision
Of the Supreme Court, through which users
Of certain machine were compelled TO
buy from the company which sold the
machine certain kind OF ink for use with
it, and enumerated five other reasons which
he said demanded the revision of the patent
laws.
Tho first was that large corporations
bought patents for Improvements ana sup
pressed their manufacture. Tho public,
said the message, never receives the bene-
III Of such inventions during the life of the
patent"
President Taft referred to the patent laws
Of other nations, and wrote:
at is worthy Of careful consideration
whether or not legislation on some such
lines should he enacted to prevent our pat
cnt laws from being made the basis OF I'M
Just monopoly extending beyond the To-
gitmatc protection 10 inventors required 10
promote science and tho useful arts. or the
means Of sitting improvement and the
progress OF the arts"
Mr. Taft urged that procedure under the
patent laws be simplihed and that the bur
don OF proving tho inyalidty Of patent
be placed on him who would infringe on ii.
In conclusion the President wrote:
Great care should he taken In any re-
vision not unduly 10 interfere with vested
interests which have been properly created
under tho existing laws. or 10 impair the
efficiency Of system from which so much
benefit has been derived by the country"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11
NAMED TO HEAR SUGAR CASE
Examiner Appointed and Limit Placed
on Both Prosecution and Defence.

Wilson L. Brice. a lawyer Of No 100
Broadway, was appointed yesterday by the
judges Of the United States Circuit Court
Of Appeals special examiner to take tho
testimony in the governments suit FOR the
dissolution of the American Sugar Refining
Company and its subsidiaries, popularity
called the sugar trust.
The hearings I'm the case will begin next
week. In this case the court has set "A limit
both for the prosecution and the defence I'm
the action. The government has allotted
90 days from the first hearing To put in It's
evidence In support Of its petition and lOJ
arc allotted the defendants to present an
swcrinG testimony. Each side will have
thirty DAYS for rebuttal II all tho time al
lowed should be required the testimony will
not be ready for submission TO the court
Until earlV next Nnnr-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11
CAN SELL IRoNToN ROAD IN FALL

The authorization which has been granted
by the Michigan courts for foreclosure OF
the first mortgage on the Ohio Southern
division Of the Detroit. Toledo & Ironton
Railway, under which 3i4s5,O0J 4 per cent
forty-year bonds have been issued. will
make it possible TO sell tho Detroit Toledo
& Ironton as whole In October. as
planned. George p. johnson. general super
intendent OF the Norfolk & Western. Il is
understood. will I've appointed receiver OF
the Detroit. Toledo &c Ironton next week,
superseding u. $. Warren and George *.
Lowell. of Detroit. and Thomas D.. Rhodes,
OF this city. who have served as receivers
since the property passed under the con-
troll OF the courts. All three members OF
the bondholders' committee have concurred
in the selection OF Mr.. Johnson.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11
FOR BOAT ACROSS NARROWS
Dock Department Hearing on
Brooklyn Staten Island Ferry.

il looks As IL the boroughs Of Brooklyn
ard Richmond Hil will shortly bo Joined
by ferry service First Deputy Dock
commissioner CresSon TO-DAY heard
speeches in favor If it delivered by resi-
dents Of Brooklyn and Staten Island at n
meeting held at the Dock Department at
Pier A, North River. TO consider an appli-
cation for q franchise to permit Frank -.
Montsg and J. T. Cassidy. Custom House
brokers, with offices in the Produce EX-
change TO operate the ferry.
hessrS. Montag and CASSIDY were will
ing 20 operate one boat on IN hourly schcd-
Vie between goth street, Brooklyn, and St
George. but Deputy Commissioner Cresson
vas afraid that would affect the operation
Of the Municipal Ferry boats as the dock
mg facilities at ST. George are limited
However there is "lying-up'' dock lit
us to the east Of the present St. George
.sfps and this the planners Of the new ser
wee will b. satisfied 10 use II the city
uses them a permit. one OF the places
suggested for landing on the Staten Island
- was Sapleton, but it was pointed out
mat 81. George is much more accessible.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11

Spot quie.. with prices points lower on the
765 bales; delivered on contract, 300 bales.
liverpool cables: Spot steady; safes. 5000
bales, speculatlon and export. 800: American.
: 400: Imports 1000; American. 5000 Mid
ming upland. q. sd. Futures opened quiet, at
. TO ait poiats advance; closed quiet at not
advance ~ 1, to 3ts points. MAY and May
June G3ILd: June-July. G.33d; July-August.
G.3Id. August September a33d; September
October. 8.3Cisd; october November 62s hd;
and January February. 626d February
March 621d: ch-April ar I'd.
COETEF-Prices werc frmer and the close
wss stead at net advance Of from Il 10 Il
points sales including a considerable num-
bsr % exchanges. particularly from Septem-
her ~ MAJ amounted to IS. $50 bags. Toe
huying was not particularly aggressive. hut
found comparatively liitIo coffee for sale
around the ring. liavre was unchanged.
hamburg was hdis pfennig higher: Santos
gas unchanged. while Rio Was 25 reis lower.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11
BOSTON WOOL MARKET.

Boston May 10.--"The Commercial Builet!n'
will say OF the wool market tomorrow:
"a moderate amount OF business has been ef-
fectnd I'm the Boston wool market this week. in
Guiding principally foreign crossbred OF tbs
grades running from quarter to low quarter ana
territory domestic woods. Territory woods are
unchanged In price. a fair proportion 81 These
woods being among the transfers Of the week.
including both staple aud clothing woods. A fair
amount OF fine and fine medium secured woods ts
also reported sold and a small quantity OF odds
and ends of fleece stock at indifferent prices.
Tho shipments OF wool from Boston from
January 10 May o. inclusive, were pI.lii.3sI
rounds against ~. 965. ps2 pounds for the same
period last year The receipts from January
10 May o, inclusive. were 9s, I9s, 2a5 pounds,
asalnst ~ .076. JST pounds FOR the same period
last YEAR
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11
MOLAssEs AND sYRUPs-Fair b'

MOLAssES AND SYRCPS-fair business
and prices unchanged
NAVAL STOREs-There was su n,,, ~
the lower savannah market. Rosin ana TAR
quiet and unchanged. ,.o
OiLS-Iinseed oil unchanged. Kenhea p ~ g.,
barrels at New York. -, ,,a
RIE-Firm with former prices wei hcid
and business fairly active. ,,
SUGAR-Rehned unchanged at the old basis
OF 5O5d bloc net, less per cent casn, Tor
fine granulated. Raw unchanged; Gentry .1
naI 80 test 8 Csc: muscovado, SO test @icc'
and rnolasses sugar. 50 test, S.2Sc. In Lon
don Beet sugar was shade higher: Nay Nay
I3s I'D: June, 13s I'D; August, los : "a
viiloft 4. GRAY: Total stock Of Europe ana
america, 2.Ga3. $50 tons, against S.os''6S' tons
last year az the same uneven dates. The &c
crease OF stock is 4i3I99 tons agalns' a " .
crease Of 4gi3os last week. Total STOCK
and aHoats together show visible supply Ve
oSI7 $40 tons against 32j0,65j tons last year
or A decrease OF 49, 100 tons.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11
POOLING CONTRACT UPHELD
County Board Of Control Cannot Veto
Burley Tobacco Sales.

frankfort. KY. May Disappearance in
we selling OF pooled tobacco OF the Burlcy
iVoseeo Society over any Of it's county
o'aros OF control is sustained in a decision
landed down to-day by the Kentucky Court
Appeals The case was that I'm which
eight Pendleton County farmers and the
ienoieton board Of control sought receiv-
u Tor the 1879 pool and distribution cf
we FUNDS. The trial court found for the
nS!ntns' which decision the higher court
to-day reversed.
me Appellate Court upholds the pooling
Vnusc' and denies that the Pendleton
NOs'a OF control, one OF siXty-four differ
subordinate bodies. possesses veto
pVher over sales
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11
NEW ASBESTOS CORPORATION.

.ue Asbestos Corporation Of Canada. the
'safozed Amalgamatcd Asbestos Corpor-
III VIII. according 10 Montreal advices,
e.. S'e"@o first mortgage 40-year per
' bonds, 100000 per cent preferred
N ana 10000 common stock. The pre-
~. 10 participate IN dividends with
81, 'o'nrnon after the latter shall have e
IA, per cent ". G.. Ross, ". j. Full
ana William McMastcr. OF Montreal;
80, .]sl II. McCartcr. Of Newark. \. J.; If, r..
ss'''chell. Of Philadelphia. and two men TO
ea.a, area ny the English committee are to
"'0oss the board OF directors
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11
CHICAGO GRAIN AND PROVISIONS

Chicago May i0.--ldeal weather for crops shu,
on buyirs In the wheat pit 10 day. The market
nights level 70 Iaiisc below. Other staples. too.
scored a decliue--corn. isd2.c; oats. i.asc, and
provisions 1890. Wheat finished AT the lowest
point OF the day. after touching the hi& ie2t
point OF the season for May and July. Pr"d'
taking sales from conservative longs came on an
oyerbought market and carried quotations down
ward though rallies frequently interv"ned.
Bullish incentives found in worse prospects
in North Dakota and frost reports from Russs
good deal to do with depressing the market as
whole. Range ~ prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11
NEARING ON POWER BOND ISSUE.

buffalo. May 1O-Frank w. Stevens,
chairman OF the Public Service Commits
sion. 2d District. to-day gave a hearing
here on tho application of the Niagara,
IocLnort and Ontario Power Company, OF
Lockport. Tor authority TO issue 81, ,ooo
mar Val,ic I'm cumulative d per cent first
preferred capital stock. to pay OFF 2,ooO,ooo
In notes maturing June l. Decision was
II served.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11

rc,,rarv which has been approved by the
crrh iig,i,c committee and was traded
IN ,ostcrd,v for the first time. The amount
or ,tock listed IS 100000 par value. COM
mon The company was Incorporated in
the State Of Delaware: Its general once
is located at Detroit and its assets con-
siet of q chain Of sixty-flve and 10 cent
stores throughout the country. The kresge
company is a competitor of the Wool"orth
companv. also operating and % cent
stores in a combination.
Minority to Fight.
Tho ruling Of the Public Service Com
mission i'm favor OF the New Haven road
taking over the Rutland has called forth
letter from Tompkns c. Dolevan chair
man OF the minority stockholders commit
tee, which says in part, after commenting
on the New York Central and the New
Haven:
The market value Of the stock has al
ready been doubled as the result of tho
assertion of our rights. 1t IS intrnsically
worth twice as much as ii is now selling
for when II gets just treatment.
The fight has just begun. 1t involves the
fundamental principle of the right OF the
minority to receive tho same treatment as
the majority. and II will go on until that
right has been INDICATED, Notwithstanding
the action of tho Public Service Commits
sion The Rutland stockholders are tired
of being used as mere pawn in the game
between the New Haven road and its allies.
Mr.. Dclcvan further said:
Many stockholders paid i2o or more for
their stock when the Rutland was an in
dependent property and paving dividends,
and letters coming TO me from some OF the
small stockholders whose funds are locked
up arc pitiful in the extreme.
In securing tho Rutland it is considered
that the New Haven will make a valuable
connection with the Boston & Maine and
add materially to the value of the prop
erty
Steel Prices Advance.
An advance Of s. a ton has been made by
tho United States Steel Corporation on
bars, plates and struCturals from its East
ern warehouses, which includes the Waiver
ley warehouse I'm the New York district.
The new price on bars IL 81 81 a 100 pounds
and on plates ana StriCtuTalS 81 ~ the '0D
pounds. compared with old prices Of 81 ~
and 81 ". respectively. The new price goes
into effect Monday, and New York iobbers
have increased their pr!ce9 10 consumers
accordingly.
Yesterdays Trading.
Transactions from 10 TO II were l-N.l5I
shares and 81 o2S,ooo bonds ~ to f. 2iS, So
shares and H.slOooD bonds: 20 10 T. 90, Isl
shares and Sl,S670o0 bonds, and IN four
L.. 90 4
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11
NEW YORK PRICES.
INTERIOR RECEIPTS.
sEABOARD CLEARANCEs.



lat afternoon decline In wheat the Hour
market was firm. pending further news Ie,
garling alleged acreage REDUCTION IN the
Northwest. Spring patents. 50 % gSo; w.n' Sr
MSS 70: spring clears 81 7OIS5; extra No J
winter, 81 400 81 co: extra No winter - 20
asa 30: Kansas straights. 81 30 q 81 10; fancy
sprirg patents, ST S54sI ~. RYE FLOt r.
St,pJv. fair 70 good. $685. 10, choice TO
Iancv. S. 1885 80 cORNMEAL-Kind rieh
sl2j BAG MEAT.-Fine white and yellow'
81 S0aSi So: coarse. 81 75a$ so FEED-
SOS 30: iiou- DO. S3l 10; red dog, S3l So; city
hrar 500 10 bulk $50 sacks: middling. $50 10
n 81" -: red dog s33: homlny chop. S2o4S3O
bur $50 20 n S3I 20 sacks; oIlmeal. S3Sa $50.
COTTON-Iers favorable weather IN IN"
South and fairly steady Liverpool cables
caused an opening advance, but the tendency
was downward and the market closed easy at
n net decline OF Jd 10 points, with last prices
IN. lowest OF the day. considerable attention
was attracted by cable adVIccs from Austria
indicating that many Continental spinners had
sold out their hedges against remote require
ments on the advance az last month. South
ern spot markets were unchanged TO Lice
lower. generally unchanged weekly move
mcnt hgures--Port receipts Rl,232 bales
against 90 400 last year; overland 10 mills and
Canada, 1882 against 9.eol last year; south
ern mill talSiugs, estimated 10000 against
o. Ooo last year: loss of stocks at interior
tovng. 10 23s against 3s.354 last year: brought
into sight for the week, SS.OO3. against 5000
last YEAR Total crop movement-Port re-
coIpts Il4T21s9 against s.SlI6tI last year;
9,,2 Ost last year: southern mill taISngs. g
$50 100 against l.as5.00 last year: stock at
interior towns In excess OF September !, 140.
rsG against 1876 2O3 last year; brought into
sjcht thuS far this season 14,S2o.3IJ, against
IL 400. S34 last season. Local contract prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11
SOFT COAL MINERS TO SIGN PACT

Kansas City. Mo. May 1o.-Settlement OF
the differences between the miners and
operators in the Southwestern bituminous
district, which includes Okiahoma mines.
is near, and 1t is probable two-year con-
tract will be signed next week. A meeting
10 consider the document was held TO-DAY.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11

bbi, ssas5: curly. 81 5oas2 so; crate 16eS
RauRAss ISS inn ssi;. ;Ssgs
ssas9; 100 brneRss' siasi5o: sPISASg.
Virginia, Dbl, sIQs2; Baltimore. Soe9 81.
nearby. s2gs2 50: SQUASH. white. box. 500
Qs2: basket, sIasl so; TURNIPs, rutASags.
old, bill, s2qs3: TOMATOES. fancy. carrier.
81 5o4y3 %; choice. 81 IS as? 90; common.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11
VIZ" LEAD REFINING COMPANY.

sue International Lead Refining Company
r.a a. oecn Incorporated in Indiana. with
~, h., authorized capital stock, Of which
iernsv,, hss been issued. owned by the In
PAM o .pl Smelling and Refining Com
s s.ynInpsny has been orgsnized to construci
lhio,npps,hle the new lead refinery OF the
mns i9nal Smelling and Refining Com
and WHICH Wnlch Is now being built in Chicago
md ~ ~ - expected TO be finished by the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11
SEED PRICES.

Toledo May 10 - CLovERsEED-Prim
bushei. Si3 20: October, $40 Is; December.
$40 rs AISIKE-Prime t1i: August, $40
TiMOTHy-Prime. 50 IS; September. - IS; Dc
tober 81 70; August, s. 10.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11
OHIO CARBON WORKERS STRIKE.

Fremont, Ohio. May 10. - Two hundred
men and women employed in the battery
department at the National Carbon COM
panys plant went on strike TO-DAY after
the company had refused . wage inessAeA
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11
I'M an, ASSOCIATION AUTHORIZED

ksTsm1n, May 10 The State Banking De-
inison hss authorized the New York
New nSnNinss and Loan Association, OF
FORK. 10 do business,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11
Mo Quotations.

In the absence OF any curb quotation on
the new per cent income bonds, rights TO
subscribe for which at par came of tho
stock Yesterday. II is Impossible TO figure u
value for the rights The absence Of any
hid would make il appear that there Is no
present value {" the rights. rs q matter
Of fact. Tn" bonds would have 10 sell
above par to allow any basis for giving
the rights q value.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11

Earnings of tho American Writing Paper
Company So far during 1912 have sho"l
n" special improvement. out tho preferred
stock has had an advance and there arc
rumor~ Of reorganization Tho control is
now held by New York interests, which
seem to have planned some developing
work along publicity lines. and il is re-
ported that there have been some interior
changes beneficial 10 the organize ton
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11
Reported Increase.

The report is current on what seems 10
he fairly good authority that the United
cigar Stores Company will increase its
dividend at a meeting Of the directors this
month, and operators in the market were
using that a. a bull argument although
United cigar stores Compapy's securities
are not listed on the STOCK Exchange. ON
the curb, however. the stock show Cd
strength
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11
PRICES ROSE WITH TRUST brief NOTES Of FINANCE
Paragraphs of Current Interest
for the Investor.

Yesterday was day OF rejoicing The
sun shone, the weather promised TO do
better from now on and the market was
active and prices were w. What more
could any one ask?
Rand Gold Output.
The output Of the Rand COLD Mines dur
ing April totalled $4,000 ounces of fine gold.
Every little helps along this line, as India
is still absorbing the precious metal
Untitled Tonnage.
The untitled orders Of the United States
Steel Corporation, as shown In report as
Of April 50. 1912. amounted TO 566i,S5 tons.
as compared with 5.S0i.sN tons on March
81. 1912, and 3,2lS,7W tons on April 80, 1911.
This report IS encouraging as an index Of
the activit" Of steel business during the
near future.
About Pig Iron.
The interest in pig iron in the Eastern
territory is less than usual. Outside Of a
few inquiries from Rhode Island and few
sales to buyers in New Jersey and Massa-
Chusetts, there seems TO be nothing doing.
Consumers have closed for most of their
requirements during the next three months
and small lot buying will be about all IN"
sales recorded in the near future.
In New Role.
". Morgan Shustcr. who had the powers
OF Europe in a state Of feverish excitement
during the last days of his dictatorship Of
Persian finances. will sail on May % Tor
points in Central and South America. Mr.
Shuster goes in the interests of tho Ma
tional City Company TO establish banking
connections with our Southern neiShbors
He will he accompanied by his assistant
VI \ Cam
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11
Yesterdays Trading.

Transactions from 10 TO II vcTc lNlJl
shares and 81 02S,ooo bonds 70 to e. 2iS, So
shares and s.. $4,000 bonds 20 10 T. 90, lsl
shares and Sl,S670n0 bonds. and IN four
hours. &61.til shares and i2,I71.0pl bonds
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11
EXPORTS.
CASH QUOTATIONS.
GENERAL MARKET rEPoRT.

'fNport 70 b afoa'.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-11

change In the character VI
ings is shown In the securllic7 VI
and 10 cent stores oi the D. D.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1912-11-14

than two. or even four, patriots
after his job. Respectfully,
CATALINE.
Rome, Ga. Nov. 10, 1912.
The Lord knows. Sidelights thinks
the more the merrier. Let the war go
on in Rome, and may the best man win
no matter how many run.
And John Barclay IS fine fellow.
moreover-and has made Rome most
acceptable and efficient postmaster
Muscogee county, made famous by
Ed Wohlwender and senate bill S. re-
mains the banner Socialist county of
Georgia, as is shown by the presiden-
tial returns this year.
Muscogee cast 15S votes for Debs-
leading Richmond in the count by about
80 votes.
Muscogee long has enjoyed the dis
tinction Of being the Socialist strong
hold in Georgia. Eve:y election it piles
up the biggest vote for that party
never real big vote, of course. but
sufficient to classify Muscogee as So
cialist Exhibit A in Georgia. anyway.
Editor T. S. Shope. of The Dalton
Citizen, is an Atlanta visitor
Mr.. Shope is more OF less indignant
that Whitfield county should have been
put in the Bull Moose columns in the
earlier returns of the presidential cleo
ton, and expressed himself accord.
ingly.
There never was a chance fE
Roosevelt to beat Wilson in my county
and that even if my county some
times does fly the coop. We went out
to redeem Whitfield from the Taft VIC
tory of 1908, and we put the job over in
great shape. l hope nobody who read
those earlier returns failed SUISSE
quently to get the figures right We
want it understood that Wilson got
big majority vote in Whitfeld-not
plurality-a majority"
please put it down thai way tool"
concluded Shope.
It's down-in black and white-tc
stay putt