davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
MONEY CONCENTRATION
Why Wealth Piles Up in New York
City-A Theory Assailed.

To the Editor OF The Tribune.
Sir: Allow me 10 enter a protest against
this theory that interior loans are the
cause OF the concentration of money at
New York. a theory persistenty exploited
before the Pujo committee.
This is the same theory that serves as a
basis for the Aldrich currency plan. 1t
asserts that after the crops are moved
country bankers have a surplus OF money
which they send here 10 be invested in
per cent call loans Then, In the fall OF
the following year. this money is called
back home to move the crops again. This.
Il f. claimed, is what causes high money
rates and panics.
The fatal defect in this theory Is that
the money does not 60 back in the crop
season. Last summer. for instance. about
every banker in this city predicted that
on account or the big harvest In view
country bankers would surely draw heav-
lily on their (alleged) New York balances
to move their crops But so far from
doing this, the country bankers actually
sent E000O.o 900 more 10 New York In the
two crop months august and September)
than they got back. They also sent more
than they got back in the next three
months UP to December 81. The movement
Of cash in 1911 was OF the same nature.
In every one OF the last five months CT
the year the net movement showed q
gain for New York banks
Now, II these country bankers had any
such sums as Is claimed (from 500. 000, 900
TO so, 900. COO on deposit in New York last
summer. they would certainly have re-
called II in the crop season, as the huge
loan expansion, the higher money rates
and the numerous reports that all the
banks were we'll loaned up showed that
they needed every available dollar at
home. Hence their failure TO draw on
New York at that time is proof positive
that these country bankers had no large
balances invested in call loans in Wall
Street.
II the Pujo committee will investigate
further IT will find that the concentration
Of money at this centre is due to remit
tances from all parts OF the country
I'm settlement OF our annual foreign debts
for interest dues, immigrants boards
tourists expenses, etc. Most of this money
finds its way into the big international
banks. and these institutions reinvest It
in our stocks and in time and call loans
The growth OF these foreign debts In re-
cent years goes far to explain the grow
ing prominence OF international bankers.
Ike j. p. Morgan and Jacob f. Schiff
w. H. ALLEN.
Brooklyn, Dec. 25. 1912.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
VANISHING TYPHOID.

The latest report OF the War De
partment on the use Of the typhoid
fever incubation confirms the faith Of
those who have advocated that method
Of stamping ont the disease In the
last len months there have been only
twelve cases Of typhoid and only two
deaths in our army Of $1,000 men.
Both deaths and most Of the other
cases occurred among men who had
not been inOculated.
As a proof OF the usefulness Of in
oculation il IS pointed ont that many
OF the soldiers have been in service un-
der conditions which a few wears ago
would have produced 100 cases and -
deaths. The rate Of typhoid in the
army, which was 5.66 q thousand I'm
1906, 800 in 1907 and was reduced 10
80 IN 1910. has suddenly declined
since the Introduction Of the serum and
was only 50 in 1911 and is i'm 1912.
These figures are a striking demonStra-
ton OF what has been accomplished by
the army surgeons not merely for the
men in the military service. but for the
whole country. The example which
they have set In proving the safety.
practicability and efficacy Of inocula-
ton 10 the American people must lead
10 lis large use among civilians.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
IN WASHINGTON SOCIETY.

From The Tribune bureau
Washington. Dec. 26.--The Brazilian Am
bassador and Mime. da Cana returned
this morning from New York, where they
went to spend Christmas.
Mrs. william r. Diapers eighteenth
century ball, given I'm her home tonight
proved true deineation Of the rarest
and most artistic costumlng OF that time
American Beauty roses, big red CHRIST
mas roses and Christmas greens and Der
RES formed the general decorations WINE
Empire bouquets were the centre decora-
ton for the small tables at which the
supper was served. Mrs. Draper wore an
Empire gown OF white satin, with ofoau
stripes or velvet and a hchu enect Oh
old lace. and a tiara, necklace anu CUT
sage ornaments OF pear pearls. MISS
Draper. for whom the ball was given
wore the costume OF court lady OF the
time OF Louis XIV, OF pink and blue Six
with rufies OF lace. and pearl neck
lace. Both she and her mother wore pow
dered coiffures OF that period.
The minuet and other Old-fashioned
stately dances were enjoyed until MID
night, when supper was served, ana atter
that there was general dapcins. Among
Mrs Diapers guests were the French
Ambassador and Nine. Jusserand, the
British Amba ssador and Mrs. Bryce. inc
Russian Ambassador and Nine. Bakhme-
terr the Brazilian Ambassador and Nine.
ia Cana. tho German Ambassador. the
Postmaster General Eames MacNeasi'
the Spanish Minister and Sehora De HI
sno. the Danish Minister, the Swedish
Minister the Norwegian Minister ana
Nine. Bryn, the Netherlands Minister ana
Nine. Loudon Mrs Richard H. Towns
end, Mr.. and Mrs. Peter Goelet Gerry, or
New York and all OF the younger mem
bers OF the diplomatic corps and society
folk in general.
Preceding the dance at Mrs. Draper
home there were a large number OF din
ner parties, and all were particularly ef-
fectve in that the guests wore fancy
costumes
Mrs Richard Reid Rogers. who enter
tanned in honor OF Miss Draper and her
house guest, Miss Helena Fish, OF New
York. gave one OF the most elaborate din
ners. The long drawing room was trans
formed into a formal French garden or
the eighteenth century, the rooms. walls
ana ceilings being draped with flowers,
while the centre OF the square table was
miniature garden TO carry out the idea.
Her guests were the Postmaster General,
the Misses Never. Miss Margaret Draper,
Miss Helena Fish. Miss Elizabeth Harlan,
Miss Eudora Glover. Miss Dorothy Will
Jams, the Misses Whiting, Miss Britton.
Miss Gladys ingalls,. Miss Eleanor Rey-
burn. Miss Katherine Jennings, Miss
Hinckley, Miss Esther Slater. A. Kerr
Clark Kerr, of the British Embassy; Mr..
de Bach. OF the Russian Embassy; Mr..
Won Bulow. OF the German Embassy. and
offers 10 the number OF forty.
Miss Taft and Robert Tart and their
house guest. Miss Edith Morgan. were
guests at dinner tonight OF Mr.. and Mrs
James Morgan Johnston, and atterward
went TO the Draper ball with their hosts
Mrs Thomas *. Laugnlin. Nine Chris
tan Hauge. Representative and Mrs.
Weeks and several others entertained din
ner parties tonight
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
oUsTING THE JOBHoLDERs.

III * matter for public rejoicing
That the civil service examinations for
places in the Fire Prevention Bureau
have at last been held. Appeals 10 the
courts, which have delayed them for
months and which eliminated I'm Il
Christmas Eve Injunction 10 prevent
the Civil Service Commission from
holding them, may have no connection
with the fact that the spOilsmen were
making mighty efforts 10 grab these
jobs. Nevertheless. they directly aided
political appointeeS in holding tenn
porary places long beyond the limits
Of the law. The chain OF circum-
stances is q remarkable one. On March
10 number Of appointments TO places
In the bureau were made by Fire Com
missioner Johnson under the section
Of the civil service law authorizing
provisional appointments. On April q
the Civil Service Reform Association
sent letter to Mayor Gaynor pointing
out that these appointments had been
divided among the political units OF
the city as patronage, and that the
men selected were Of low grade. TWEEN
ty-eight having received the bare
passing average Of 20 and their aver.
age percentage having been below 20
in the elementary, non competitive
tests intended TO keep utter incom
petents from provisional appointment
Temporary appointees. under the law.
may hold office for only two months
and may not be rcappointed. Never
theless, one delay and another kept
these men in office, and when finally
date for examinations was SET one
Moriarty brought suit against the com
mission on the ground that I'm fixing
n minimum age limit of twenty five
years IL had exceeded its authority.
The Court OF Appeals very properly
held that the commission had not done
so. but all this time the provisional
appointees had been drawing their
wages. A few days ago the examina-
ton date was set. and promptly there
after delegation Of the provisional
appointees. preceded by letter from
Fire Commissioner Johnson. urged The
Civil Service Commission to give them
special credit for the experience they
had gained. This was emphatically re-
fused. Whereupon an injunction pro-
bibiting the holding Of the examina-
tions was obtained on Christmas Eve
by Moriarty's lawyer. II was also
vacated by Justice Page. who granted
It. when the circumstances were ex-
planned TO him by the commission
The duties TO be performed by the
holders of these places are of grave
Importance TO the community. Safety
of property and life depends on the
care with which they are fulfilled. The
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
PUBLICITY.

AS one result Of its Investigations
the Curran aldermanic committee Is
said to favor the adoption Of the nm
plate" ordinance. which would compel
the owners Of buildings in this city
other than private residences to post
their names and addresses on their
property. The purpose Of the ordl-
nance, which is supported by number
Of civic organizations, is TO minimize
the possibility Of obtaining accOmlno-
dations for gambling dens and broth
els Its adoption is urged on the
ground that publicity i potent pre-
ventive Of crime and even Of vice.
The testimony OF Mrs. GoOde before
the aldermanic committee told Of a real
estate firm which apparently had bullt
.uD q profitable business I'm renting mats
10 prostitutes. The owners Of these
buildings may not have known the use
TO which their property was being put 4;
vet the anxiety Of certain persons to
explain the circumstances when Police
Commissioner Waldo made public q list
Of gambling houses i'm the city Indicates
the likelihood that any one having the
least regard for decency would be
careful 70 know about his property II
the "tin plate" ordinance became law.
such a requirement alone would not
leave the gambler and the brothel
keeper houseless. but IL would accom-
plish much good, and seems simple
and unobieetionable thing
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
NEW YORK SOCIETY.

Sherry's was the scene last night OF the
second OF the three subscription dances
arranged by Mrs. Howard II. Henry. Mrs
b. ogden Chisolm Mrs. J. Herbert Johns
ton and Mrs, Edward S Knapp. Several
dinners were given as adjuncts TO the af-
fair, among the hostesses being Mrs.
Henry. Mrs. William Manice, Mrs.
Thomas G. Condor and Mrs. Knapp.
Mrs. Manice's guests we're Miss Mar
jory and Miss Florence Blair. Miss Nancy
Steele. Miss Josephine Nicoll, Miss Anna
Wright. Miss Marie Louise Emmett. Miss
Margaret Trevor Miss Winifred ChIsom.
Miss Helen Huntington. Miss Harriet
Ferry. Miss JEANNE Emmett. Miss Marie
Louise Emmett. Miss Eleanor NJ. Mellon,
Miss Eleanor Lawrence. Seth b. French,
Lawrence Mex. Miller, G. Macculoch
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
A MINORITY PRESIDENT.

The Evening POST made some in
teresting comments yesterday on the
popular vote for President in 1912. but
none Of them dealt with the fact,
which must be regarded as Of primary
interest and importance to all support
ers OF the victorious Democratic ticket,
that the Democratic nominee In a
year Of triumph polled fewer votes
than were cast for Mr.. Bryan in any
If his three losing fights. That feature
az the election has been CLOSED over
10y Democratic newspapers which were
certain after the Baltimore cOnven-
ton that the Democratic party had
acquired new unity and strength.
The figures of 1912 show that this
was not the case at all. The popular
vote for Governor Wilson was 6.303,-
O63. But Mr.. Bryan's popular vote in
1908 was 6.407 $50; in 1900, 6,35S. 49,,
and In 1896. G467 ,946 The Democracy
Of today is therefore more distinctly
a minority party than it was four,
eight or twelve years ago, inasmuch
MS the total popular vote has increased
from 13.S13,243 in 1s96-the previous
high water mark-to 15,O41.6j5 in
1912
In 1908. with the tide running strong
against him. Mr.. Bryan received 104,-
919 more votes than Mr.. Wilson re-
ceived this year. In the interval two
new states-Arizona and New Mexico
with about 1900 votes. were admitted
into the Union. Suffrage was granted
TO women in California and Washing
ton, raising the total vote in those
states from $4,000 in 1908 to $4,000
in 1872 The pcyJldtion of the rest
Of the country also Increased about 3
osr cent. Yet with all these accesslons
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27

20 draw upon the Democratic vote
was not enlarged. II did not even
hold its own, in spite Of the practical
certainty Of Democratic success and
the incentive to activity thus given TO
party workers in states Heretofore
diScouraglngly Republican.
Those who analy2c what seemed 10
be the overwhelming success of Mr.
Wilson's candidacy the day after the
election will lind their eNuberanc'
cooled. They will discover that the
new Congress and the new adminlStra-
ton will represent a smaller minor
fraction Of the voters than supported
Mr.. Bryan each time he was de-
fcated candidate.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
NO MORE PHANTOM PORTS.

II is reported from Washington that
President Taft will soon issue an order
abolishing Il number Of useless customs
districts. Such an order VIII be lii
keeping with the laudable efforts or
the present administration to modern
ize the departmental service and 10
substitute efficiency for archaic disor-
der and waste. The present organiza-
ton Of the customs service into ports
and districts dates from the days when
small sailing vessels used TO do a large
share Of the foreign carrying trade and
a six or eight-foOt channel was sufli-
cient TO establish status as a port OF
entry. There are collectors Of customs
on the governments payroll who do
not see dutiable cargo discharged
once a year. and whose most impor-
tant activity is signing vouchers for
the salary they receive. Now some Of
the deserted toll houses are to go the
way Of the commerce which has e
coded and left them high and dry.
When Serene Z. Payne was chair
man OF the Ways and Means Commit
tee Of the House Of Representatives he
did his utmost 10 close all ports Of
missing ships. But he failed TO secure
the cooperation Of o majority because
he named the customs houses TO he
discontinued, and many Representa-
tives and Senator's were unwilling 10
assume responsibility for dispensing
with Offices in the continuation of
which a few constituents might have
an interest. Last summer Congress
found a way TO saddle the entire re-
sponsibility for such discOntinuance on
the President 1t provided in the sun
dry Civil Appropriation act that the
President might reorganiZe the service
so that the cost Of its maintenance
should be reduced from S10.5000OO to
$40. 10000 a year, authorizing him 10
consolidate districts and abolish need
less Offices Fortunately President
Taft does not shrink from applying
sound principles to the business Of the
government merely because the sine
cures Of a few individuals will be can
celled. He has shown an exceptional
devotion TO the work of cutting out
waste. and he will undoubtedly find
satisfaction in discontinuing collector
ships which have cost the Treasury
from $50 to $500 year for every dol
lar Of customs dues taken in.
Congress might with advantage have
authorized a greater reduction in the
cost Of the customs service than $780,
600. After the reorganization of 1913
has been effected there will still re-
main obsolete or semi-Obsolete customs
ports But the first step in the right
direction counts for good deal. II
furnishes striking evidence Of The
moral effect on Congress of the cam
paign for nationality and order In gov
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
IN DEFENCE OF GERMANY
Dispatches on Peace Negotiations Un
fair. Saws DR.. Richard.

To the Editor OF The Tribune.
Sir: AS a Earring note In tho joyful
peace OF this time Of the year, consider
ably increased by the meeting OF the
peace conference in London, sounds the
scare heading OF a cable dispatch In to-
days Tribune stating that war In the
Balkans may be reopened. and as pecul-
tar manifestation Of the good VIII 70 men
which gives the keynote OF these DAYS We
find IN tho same headlines malicious
calumny OF Germany as backing the Porte
In an effort TO continue the war.
II Is nothing new 10 me, as YOU are
well aware from former letters, that your
London and Paris correspondents often
are led 10 look at Germany through the
eyes OF French OF English tingoism. .ut
Il seems TO me that such errors need not
be emphasized b. your headlines, since
even an editor originally pretudlced must
have found out by this time that the ma
licious installations az TO the sinister
plans Of Germany for the disturbance OF
the peace OF the world Systematically
sent out by concern Of well poisoners
for number OF years are utterly with
out any foundation. never having been
warranted by the evidence OF consequent
actions.
As far as Germanys attitude I'm the
present difficulties is concerned even The
London Times" certainly not friendly TO
the Germans as a rule. has IN recent
editorial been compelled to testify to the
peacefulness Of Germany. saying that the
best proof for the sincerity" OF that ma
ton was that It had not moved a single
man or a single gun" Your alarming
cable dispatch comes Immediately after
an Official utterance Of the same date
by the German government in the "Co-
Iogne Gazette" saying expressly: "Prac-
teal conditions have induced Turkey to
Weld. A continuation OF the war would
finally have the worst consequences for
Turkey. IN the arouslng Of latent cupid
ties I'm the Asiatic parts OF that country.
Unreasonable stubbornness would endanger
the future OF the empire This does not
sound like backing Turkey" in reopenng
hostillties
II your correspondents and editors can
lot refrain from spreading these unJusti-
fed suspicious which will represent Ger
many 70 tho superficial observer az a con-
slant menace to the worlds peace. think
e would not be too much 10 ask OF you, al
least not to emphasize in a sensational
way such kind Of baseless nonsense. which.
owing 10 previous efforts, finds part OF
the public only too well prepared to take
It's truth for granted.
ERNST RICHARD.
President Observation-Disclosures Fried
ensgesellschaft.
New York. Dec. IS. 1912.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
THE CABINET.

From The Tribune Bureau
Washington, Dec. 26.-The Secretary OF
the Treasury and Mrs. MacNeagh VIII
have as their guest for New Years Day
Mrs. Edward s. Worthington, Of Chicago
They have issued invitations for series
Of dinners, the first OF which Will be on
January 2, in honor OF the President ana
Mrs. Taft. Other invitations are Tor jan
uary 10 and IS.
Mrs. Robert Gamble, OF Philadelphia
sister Of Mrs. Stimson, will come to WASH
ineton TO visit the Secretary OF war ana
Mrs. St.mson, and will be with them on
New Years Day. Her daughter MISE
Eleanor Gamble, who was introduced 10
society here at ball and dinner last
week, will accompany her mother. MISS
Frances Gamble is spending the winter
with Secretary ana Mrs. stimson.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27

were deserving OF more honors than they
were receiving at that time. II was my be-
lief that all soldiers. regardless OF wounds
or other disability, who had been in the
service should receive pension of honor,
as those who were getting pensions for
disability were entitled to pension OF
honor as well as an able-bodied man. |
wrote TO several papers on the subject
some Of them devoted to the soldiers
cause-but The New-York Tribune was
the only paper that honored the soldiers
by publishing the article. with remarks
that Mr.. Andres ideas were good for a
civilian. but the rate was too low.
The bill increasing the pensions a few
months ago is better than none. but
where does the old hero come in who has
suffered for years? He gets a pension
for disability, the same as before, but
none for honor. Probably the matter is
settled for several years to come. but 1t
will be doing we'll to rectlfy the next
great wrong.
Taken all in all, the trials and terrors
OF war fall more heavily on the women
than the men. Many women are left 10
fight the battle for living for them
selves and children while the men are
lighting battles for their country. and In
some cases they have TO nurse an invalid,
weak in body and mind, for many years
after the war.
The result is they are left in feeble
condition in their old age with the small
allowance of sl2 a month. 1t is shame
and disgrace to our country and an in
suit 20 our flag that the women OF Amer
lea, who have led the world In heroic de-
votion to their country, have never re-
ceived the we'll merited honor they are
entitled to. They should get an increase
IN pension In comparison with the SOL
diers, or at least SIS a month.
JOHN H. ANDRE.
Waverly. n. Y, Dec. Is, 1912.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27

men at the great resorts. Inc men VINO
still have the made-in-Europe CLONES
habit usually pay to have them Ameri-
canlzed after they reach home. Whether
the women will ever do likewise-that
another story"
Hello. Is this the information editor?
yes" -
81 want TO ask you a question TO settle
a dispute Does freezing spoil pars-
nip ,,Ao,
mo. you can't spoil parsnip. That
all? Goodby."-Chicago Tribune.