davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-06-15
TREASURY STATEMENT.

The condition of the United States
Treasury 1T the beginning of business
Yesterday was: Working balance SO, 30
..93' IN banks and Philippine treasury
'2s-s,.4Gs: total of general fund, $751;
167.%i;i; receipts Friday. S23JS, 30: dis
hurstInents S2.2'u.i9i The surplus this
fiscal year is S9.3;s5;;9l. as against a def
icit of 500 2I9 last year. The figures
for receipts, disbursements surplus and
sdelicit exclude Panama canal and pub
lie debt transactions.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-06-15
just faded away in spectral procession.
Heavy Losses for Somebody.

Never has there been a panic in Wall
street in which heavier losses, individ-
ually and in bulk, We're sustained. and
never one Of magnitude that was not
attended with more tumLit and limelight.
How much Of the $3.OO0,OO0,O0O deprecia-
ton in quoted values stands for actual
loss and how much comes under the head
of paper shrinkage there is no way Of
forming intelligent estimate. The figures
at a minimum are monumental. That
adds. to the strangeness Of the fact that
the victims have passed from the scene
without Identification. In that respect
the panic is unique in the history of Wall
street. Who lost the money, how much
did they lose and who got it?
Wall street has the story that liquida-
ton of American securities for European
represented; and the bulk of sales cred
tied to London, Berlin, Paris and other
foreign centers really originated in New
York and other large cities in the United
States. The theory of this strange cam
paign is supposed to have been a desire
to conceal the personal source of the
wholesale unloading Of shares. and bonds
by rich Americans, anxious to get
strong in cash. without rev. aling the fact
that they were withdrawing support
from properties with which they had
been conspicuously identified. Again the
names OF John D. Rockefeller, William
well. Banker Baker, George J. Gould. D..
G. Reid and many others of the same
class were freely mentioned in this con-
nection. Exact confirmation of the Cos
sip seems; to be entirely lacking, but Il
Is none the less industriOusly circulated.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-06-15
DRY GOODS MARKET.

NEW YORK, June 1i.2The cotton
goods markets are quiet and steady.
Large receipts Of burlaps have been re-
ceived in the country this week one boat
alone bringing - n00.eW yards. Agents
are opening lines of spring hosiery ana
underwear daily. Business is quiet for
advance shipments Yarns rule steadicr.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-06-15
CATTLE MARKETS.
NEW YORK.

NEW YORK, June 14.-Beeves-Re.
eeipts. 2s6 head, all for slaughter
Nominally steady. Dressed beef steady:
!1Ra131a. Exports. 700 cattle to Lon.
aon; 30 cattle and 70 sheep to Ber-
Calves-Receipts. $50 head: steady. Com.
mon mo to choice veals. S.5Oa11.25; culls, 100
asVo: city dressed veals, quiet. 15a17
choice selected, 17k; country dressed
steady; 13a16
sheep and lambs-Receipts. 1929
mead; slow; best grades steady; others
weak. Sheep. 4.oOaG.OO; culls, 3.OOa3. rs;
lambs. Oa92; yearlings. 6.OOa75O
Hogs--Receipts. 1878 head; none for
sale. Nominally steady.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-06-15

The case of NJ. Bruce Summers. former
cashier of the First National Bank of
West Union, w. Va. charged with an
bezzlement OF s2s,9o0. was continued on
motion of the government until the No
vember term of court, at Philippi
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-06-15

The Garrett county. Md. school board
has decided to erect new buildings at
Gregg's. district No. II: Manadier's, dis
trict No. 3. and Long Stretch, district
No. 5, on the National road.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-06-15
CHICAGO.

CHICAGO. June 14-Close: Hogs
Receipts. 1900 head; weak and &c
lower: light. 8.65aS.95: mixed, 8.55as.95:
heavy S.3oas:S5; rough. s.30a8.45; pigs,
Cattie-Receipts. 400 head: steady to
strong: beeves. 7.25a9OO; Texas steers.
aOaS.lO; stockers and feeders, 6.a5a
8. 70; cows and heifers, 3SOaS 70; calves.
7.25a1O.5O
sheep-Receipts. 10000 head; weak to
loc lower; native muttons, 5.1Oa6 20:
yearhnss, o.75a6SO: lambs, native, 575a
$50; spring. 5.75aS3O.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-06-15
Many Leading Issues Regain
All the Losses Suffered
Early in Week.
TRADERS GAIN COURAGE
FROM LISTS FIRMNESS
Growing Ease in Money Rates Helps
the Upward Tendency in Sc
curity Prices.

\t.N YORK June 14.-The advance III
stocks which followed the violent break
earlier in the week went on unchanged
today. Virtually every important stock
traded in shared in the days rise,
which. added substantial amounts TO the
large gains achieved since the upturn
bean. Many stocks were carried above
their prices of a week ago. having sus-
tanned complete recovery from the
downward plunge which followed rendi-
ton of the Minnesota rate decision.
operations for the long account were
carried on more confidently today, the
traders being encouraged by the market
demonstration of firmness yesterday att
er The buoyant uprush of Thursday.
No Check to Advance.
Cpncerted efforts were made TO drive
in tue short interest, which was FORCED
to retreat The advance was continued
through the halliday session without
serious interruption.
Growing ease in money rates was an
imgortant influence in broadening spec
uIatien for the long account. Predlc-
lions of n large cash gain en- the week
by he banks We're fulfilled. the oanh
statement showing an actual cash gam
of approximately S11,Ooo,ooo.
Loans Are Scaled Down.
The weeks liquidation in securities was
reflected in a. scaling down of loans. and
nearly 50 10000 was added to the eX-
cess cash reserves.
IN the weekly trade reviews emphasis
was laid on various favorable features
OF the week. including the GOOD crop
re9art the. better tone in the money
market and lessening of tension in trade
circles.
The bond market was firm. Total
sales (par value) S1,291,OOo.
United States coupon rs advanced IS
and the registered IS Il on call on the
week
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-06-15
PRICE SLUMP DUE
TO SNAP OPINION
Wall Street Thought Mime
sofa Rate Decision
Meant Ruin.
ONCE OVER ITS SCARE,
PRICES GO ROCKETING
Conservative Opinion Still Finds
Many Unfavorable Features
in the Outlook.

NEW YORK. June 14.-The most vio-
lent decline in stocks of the year.
followed by a recovery almost equally
rapid. made the week a turbulent one
in the securities market Pessimism
had prevailed for months in the f1nan-
cial district. Quoted values had fallen
steadily until many leading stocks
were Is to Is points below the high
figures Of the year.
Worldwide money tension, tariff
legislation, a railroad receivership,
European selling Of American securi-
ties evidences Of contraction in some
lines of business, all tended to increase
the weight under which the market
was staggering. Then came the Su-
preme Courts decision in the Mime
sofa rate case. which Wall street has
lilly construed as decidedly unfavorable
to the railroads.
That a reaction should have followed
was to be expected in the usual course
of affairs, growing out Of technical
market conditions. But the extent Of
the reaction and the continued strength
shown throughout the remainder Of
the week made it evident change in
sentiment had at last come over the
financial district. While it is recog-
mixed that unfavorable factors still
persist, there Is, temporarily at least
q more hopeful feeling.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-06-15
KANSAS CITY.

KANSAS CITY. June I4-Hogs-Re
ceipts, 1000 head; steady; bulk, S.6Oa
SIS; heavy, S.65aS.75: packers and
butchers. S.7OaSS0: light. S.lOaS. 80; pigs,
Z. 50aS.1O.
Cattle-Receipts. 900 head, including
100 southerns; steady: prime fed steers,
s.2oasso; dressed beef steers. 7.5OaS IS;
southern steers. 7.90aS.10; COWS, 475a
1.75; heifers. 6.S0aS.60: stockers and
feeders. 6.50a7.So; bulls. 6.OOaT rs
calves, 9.O0a1O50
Sheep-Receipts. 200 head: steady,
lambs. 025aS.20; yeariings, J.OOa6. 80;
wethers. 4.5Oa6.0O: ewes, 4.25a5 IS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-06-15
Rights More Clearly Defined.


Although prevented from occupying new
and more advantageous ground, they are
not driven back an inch from former
foothold. Was it not true that when the
decision came to be simmered down the
rights of railroads and shippers were
found to be more clearly defined than
ever before, and the relationship DE-
tween nation and states set out under
standingly for the first time? Wherein. 1t
was asked, have the established rights or
the railroads been abridged. and the
answer came that claim does not
necessarily become right" just because
its recognition as such is demanded. The
remedy is not denied. Any just or rea-
sonable plea is promised hearing. The
only thing denied is a finding without
giving the other fellow chance to be
heard. Maybe. in the course OF human an
found in those $1,000 words from the
pen of Judge Hughes. At first 1t was
flippantly likened to ladder OF 10000
rungs leading to the top or renee upon
which the justices could straddle. Later
It was ascertained the fence might be
based on a granite foundation for new
order of things-a cleaner and clearer
understanding between the pubic and the
carriers-between federal and state gov
ernments.
The absence of sensational bankrupt
cies throughout the protracted decline is
one of the notable features of the wide
spread calamity. There have doubtless
been thousands of cases of freeze-outs.
many of them involving fortunes. but
there have been practically no grand
stand plays in bankruptcy. IT has been,
in the main. a dry panic-a dignifed, gen
tlemanly affair. Rich men without num-
bar have gone to their financial graves
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-06-15
RECEIVERS FROM
RATE HYSTER|A
Traders Realize Court De-
cision Less Damaging to
Speculation Than Fancied.
'PROTRACTED DECLINE
MARVEL IN PANIC LINE
Actual Loss and Paper" Shrinkage
Subjects Of Speculation-Mc-
Adoo's Idea Humiliating.
BY w. g. NICHOLAS.

Special Correspondence Of The Star.
NEW YORK, June 14.-Wal street and
the stock market went off half-cocked on
receipt Of the Minnesota rate decision,
and INDUCED in the frantic folly of q
sensational break in prices. The lowest
range Of quotations averaged under the
inside figures of 1907, the year of the
great panic. At bottom prices the five
month record showed a total shrinkage
of over $1,000. 100000 in the quoted list.
The registered loss was about p per
cent on the entire active capitalization
While it lasted the spectacle was like
the desperate beginning of q ruinous
panic.
Fortunately common sense came to the
rescue, and as sensible men took time to
analyze the thirty thousand-word court
decision they realized that it was a well
seasoned document and one calculated to
lead eventually to more amicable rela-
tionship between federal and state
machinery for the regulation Of the traffic
rate problem. Simmered down still fur
Their the conclusion was reached that the
atmosphere had been cleared. and that
there was nothing revolutionary or con-
fiscatory in the findings Of the court or
in the suggestions advanced from the
bench. On the contrary. the lines be-
tween federal and state laws for railroad
regulation were for the first time clearly
defined.
1t was made plain that the Supreme
Court had gone out of the "laW-making
business and returned to the interpreta-
ton of the meaning of laws framed by
legislative bodies. The complications
growing out of the ''advanced' position
taken by the high court In the Oil and
tobacco trust cases seems to have been
benefcia,ly educational to the judicial
department itself. and to have resulted in
a return to first principles.
In it's initial plunge the rate decision
Frustrated railroad leaders, bankers and
traders. and injected the poison of hys-
terra and fear into the strongest men.
Later analysis and retrospection reveal
ed the fact that the judicial punishment
was less severe than had been originally
appraised, and that the victims might
emerge from the experience with UNI
broken bones and bruises not beyond
healing. 1t even was thought by not a
few that in point of stern fact the rail-
roads were left standing in practically
the same place as before, and that the
measure of supposed defeat was simply a
failure to make good a point of added
advantage in the regime Of operations.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-06-15
Time Loans Difficult.

Call money Is easy and plentiful, but
borrowers have difficulty in arranging
for time loans. Banks have plenty. Of
money for immediate needs. but they
look into the future with uncertainty.
The complications abroad form topic
of continuous discussion.
The precipitate break in Canadian Pa
cific was a feature of unusual interest. 4
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-06-15
More Hopeful View Taken.

Hastily drawn conclusions regarding
the Minnesota rate decision were modi-
fed on second thought. The distinct
improvement in the political situation
abroad helped to bring about a change
In sentiment. There were indications
that a plan for dissolution of the Har-
riman system would be officially ap-
proved in the near future.
More important still was the change
in the money market. 1t has been
recognized for months that the none
tary situation the world over was the
chief cause of depression of the Sc
curities market. and the more liberal
offering of money by leading banks
Of commercial paper were absorbed.
and freer offerings of time and call
money resulted in a relaxation of rates.
Secretary McAdoO's announcement that
he would approve the issuance Of emer-
gency currency was of value chiefly
for it's effect on sentiment.
In spite of. relaxation. the financial
outlook in its broader aspects was lit
tie changed. The situation abroad was
unrelieved. Banks were still reluctant
and continued to pile up reserves for
the crop-moving season. Prospective
borrowers saw little to encourage the
belief that requirements of the cor
porations for new capital can be met
advantageously.
From some lines of trade came fur
Their reports Of slowing down in busi-
ness. Crop reports were favorable.
Large Steel Orders Booked.
Several large orders for steel plates
from car shops and for rails and struc-
tural shapes for export to South Ameri-
"a were hooked by the subsidiary COM
panies of the United States Steel Cor
poration this week, which brought up
the average orders booked since June
1 to about $4,000 tons per day. The In
dication is that output and shipments
of rolled steel products by the corpora
ton mills in May averaged a little over
$4,000 tons per day, while new orders
were approximately $1,000 tons per
day.
The Independent steel companies ap-
parently are not doing as well. The rail-
roads are placing very few orders for
equipment. and future steel business from
this source waits upon the money market
and the freight rate question. The steel
mills, however, report the revival of rail-
road structural work. previously held in
allegiance, calling for 100000 tons Of steel
shapes
The Burlington placed an order for
3, 500 tons Of bridge work and the Penn
sylvania company distributed orders for
1000 TONS
Export orders included 11.O0O tons rail
for Buenos Aires, and 1900 tons for
other South American roads. Brazil took
5000 tons structural Steel
One interesting development is the in
Missouri Pacific and NJ. K. and T.
Fewer sales of pig iron were made in
the east. but inquiries were larger.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-06-15
Money to Loan

Secured by First Deed Of Trust ON Real Estate.
Prevailing interest and commission.
Joseph |. Weller, 62o F St. NV.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-06-15
Shrinking in Volume.

The reduction of 100000 tons on the or
der books of the United States Steel Cor
Doratfon between reports is looked upon
as testimony in confirmation of the claim
that the industries Of the country are
rapidly shrinking in volume. 1t appears
of expert report. however, that in many
cases, notably steel, production is going
on at top speed. The theory is held that
general buying activity will revive before
the order book is exhausted.
When steel common touched 80 the sin
lister joke circulated that the stock had
been placed on 10 per cent basis. Stu
pid ones had to be iold that the remark
referred to the decline in the price of "A
) per cent stock to one-half its face
value. laugh was supposed to reward
the successful recital OF the alleged wit
ticism. The heartbreaking Is to % point
breaks in dozens of other issues We're
equally funny-from the viewpoint of the
jibberer.
Adverse weather conditions in many
parts OF the country served as bearish
influence in the stock market. sit was rep
resented to be cold where it should be
warm dry where there should be mois-
ture, warm where cool temperature is
preferable, and SO on down the line a
loss of points in the condition of winter
wheat in several states was a nota ole bit
of gossip, although the status of the
growing crop is still above the ten-year
average Of production.
Wall street is turning frigid, front TO-
ward Washington. The theory is growing
in strength that the administration and
gress are developing the characters, ics
of anateurism and losing the respect Of
the yeomanry In consequence. This sent
ment is apparently deepening and broad
ening McReynoldS and Bryan are the
names most frequently mentioned as the
chief trouble breeders,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-06-15
The w. &. Heal Audit
Company
High-class Accounting and Auditing
Systems Planned or Revised. =
945 Pa. Ave. NV. Room b.

iisSo ana 80 MONEY
to loan on approved city
real estate security.
JESSE l.. HEfSkEIL, 1903 Ii st. NV
Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-06-15
OFFICERS:

B. +. SAUL. President
JAMES F. SHEA. Vice President
ALEX. S. CLARKE. Secretary
HOWARD MORAN. -. Treasurer
EDWARD f. SWAN. Asst. Treas.
F. G.. ADDISON, JR. Asst. Treas
The Birmingham age-herald., 1913-03-20
F|REMEN CLOSE
RAILROAD CASE
MediatOrs Recess to Permit
: Roads to Prepare
Argument

New York. March 19.-The Brother
hood of Locomotive F'iremen and En-
zinemen today closed its case against
the 81 eastern railroads in the arbitra-
ton proceedings over the firemen's de-
mands for increased pay Although the
firemen introduced all the evidence
they desired several days ago their
case was not formally closed until the
cross-examination of W. J. Lauck, their
expert statisticisian. ended this after
noon. The arbitrators ordered recess
till Friday to permit the roads TO
prepare their case.
Mr. Lauck testified today that the
gross income of all the railroads con-
cerned was 1856, 100000 in 1912. as COM
pared with s2s3, 900 in 1902. In 1912,
he said the firemen were paid s22,-
e51 900 in wages; in 1902 $12,Sf2,Ooo
elisha Lee. for the railroads, called at
tention to the fact that while the
gross income had increased but oS per
cent during the IL years the firemens
wages had Increased 81 per cent. But
Mr. Lauck declared this an unfair COM
parison inasmuch as the increase in
income was II times the increase paid
the firemen OF the total amount paid
in wages, he said the firemen were
receiving a smaller percentage today
than they were IL years ago.
The Birmingham age-herald., 1913-03-20
COMPLICATIONS IN
THE AMNESTY BILL
The Cuban Senate Protests
Against American
DictatiOn

Havana, March 19.-Serious complica :
tions apparently have arisen In the mat
ter of the amnesty bill through the action
of the senate this evening in accepting
a committee report adverse to the bill
as passed by the house of representa-
tives. AS adopted by the house, the bill
accords amnesty only TO prisoners OF the
last revolution and to certain other po-
litical offenders in compliance with the
vigorous protest entered by the American
minister regarding general and indis-
criminate amnesty
No explanation for the action of the
senate is offered but it is rumored that
the senators desire to record their pro-
test against American dictation and are
even anxious to force the passage of the
bill in it's original Objectionable form.
The senate also voted to table the bill
recently passed by the house authoriz-
ing the president to institute negotia-
tions for the submission to arbitration
of claims presented by the ministers of
Great Britain, Germany and France Tor
damages on behalf of their respective
sustained in the revolution OF
1s95-9S, aggregating $2,0oo00o
The house today passed over the pres
idential veto the bill authorizing a con-
cession extending over 80 years to~a COM
pany to conduct the Spanish ball game
of Jai Alai and horse racing in the
city of Havana.
The Birmingham age-herald., 1913-03-20
|SP[EASED WITH
AVIATION REPORTS
General Scriven Says Ex-
periments Are Very
Satisfactory

Washington, March 19.-Brig. Gen.
lGeorge p Scriven, chief of the United
States signal corps, expressed salts
faction today over reports on aviation
experiments being conducted by army
officers at San Diego, Cal, and Gal
weston, Tex, and ordered two more
lieutenants to each place to receive in
structions in flying. Lieut.. Walter r.
Taliaferro, and Lieut.. Fred Seydel will
go to Galveston, and Lieut.. Rex Chan
dler and Lieut.. Joseph e. Carberry to
San Diego.
The chief signal officers report in
formed him that all officers detailed to
San Diego, Lieutenants Park, McLeary,
|Geiger and Breereton had Developed
Into expert aviators in compa rat lively
short time" They have received
licenses from the Aero Club OF America
land have qualified for military licenses.
Work at the San Diego camp, it was
said, would continue without Interrupt
jtion throughout the summer Reports
on three flights made from Galveston
Ito Houston and back, a distance of 80
miles, in an IS mile breeze, the aviator
in each instance being accompanied by
a passenger. satisfied General Scriven
that exceptional opportunities for fly
ing experiments were being offered
along the border.
The Birmingham age-herald., 1913-03-20
Assassin Closely Guarded

Salonik March 19-A1eko Scinas, the
assassin of King George, is still held in
close confinement. At various periods
throughout the night he was forced to
undergo an examination but without elic-
iting any facts to show that other per-
sons were implicated in the crime.
Schnas is not a madman, but appar-
emily is weak minded. He lived by beg
ging and three weeks ago caSle to Salon.
Xxi by way of Athens.
He stopped for few days at Volo
Thessaly, where he delivered harangues,
in which he declared that in short
time he would succeed in establishing
equality; that there would be no longer
either rich or poor and that work which
was now accomplished in one hour would
be spread out over two.
fInterrogated as to why he assassnated
the King.- Schinas replied II had to die
somehow, as / suffer from neurasthenia,
and therefore wished to redeem my ife'
lie appears to have led a wretched ex-
istence, subsisting almost entirely on
milk. His family has long ceased to ac-
knowledge him.
Schinas for a time was an instructor
in the medical department of the Tniver-
sity of Athens. He refuses to give any
explanation for the crime beyond the fact
that two years ago he applied for assist
ance at the palace and was driven away
by an aide de camp.
The Birmingham age-herald., 1913-03-20
TAFT SENDS FOR
PICTURE OF TEDDY

Washington, March 19-Former Presi-
dent Taft has missed one personal be-
longing, which he left when he quit the
White House--a picture of Theodore
Roosevelt. which hung on the east wall
of his private office. Several days be-
fore he started for Augusta the Presi-
dent took down the only other picture in
bis sanctum, that of his father. Alphonso
Taft, but the Roosevelt picture has been
hanging there alone since President Will
son assumed office. Today a letter came
to the White House offices requesting
that picture be taken down and sent to
the New Haven hotel where Mr.. Taft ex-
poets to live for several months after
he takes up his duties as Yale profes .
sor.